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JEL Classification System

Journal of Economic Literature 2026 64(1), 383-398
The categories listed below are used to classify books, book reviews, journal articles, and dissertations indexed in JEL and EconLit. New changes to the classification system appear as soon as possible on www.econlit.org . The JEL classification system may be used freely for scholarly purposes. We suggest the following format: “JEL: A10, B10, etc.”

Workforce Development in the United States: Recent Trends and Evidence

Journal of Economic Literature 2026 64(2), 602-636
In this paper, I examine what we know and don’t know about both private and public workforce development in the United States. I highlight three of the most important categories of programs and policy: (i) workforce development in accredited higher education institutions, particularly community colleges; (ii) other publicly funded or private training and services, including “sectoral training” that targets specific high-demand sectors of the economy; and (iii) on-the-job or work-based learning, including apprenticeships. I summarize the theoretical literature on workforce development and a broad landscape of the three key categories. I synthesize the empirical literature on workforce development, beginning with comparisons of different data sources, outcome measures, and empirical methods used before reviewing the literature on estimated impacts in each of the three categories. I then consider the international evidence on workforce development and how public efforts differ between the United States and other industrial countries before concluding

JEL Classification System

Journal of Economic Literature 2026 64(2), 780-795
The categories listed below are used to classify books, book reviews, journal articles, and dissertations indexed in JEL and EconLit. New changes to the classification system appear as soon as possible on www.econlit.org . The JEL classification system may be used freely for scholarly purposes. We suggest the following format: “JEL: A10, B10, etc.”

Women’s Power in the Household

Journal of Economic Literature 2026 64(2), 447-497
We examine women’s household power in low- and middle-income countries (LMICs), synthesizing theoretical frameworks and empirical evidence on its measurement, determinants, and consequences. We define women’s household power as their influence over household choices, distinguishing it from broader empowerment concepts. We review economic models, including unitary, collective, and bargaining frameworks, and map these to empirical approaches. We then discuss measurement methods, such as structural estimation of consumption allocation, survey measures, and laboratory experiments. On the determinants of women’s power, we find that some approaches, such as transfers targeted to women, show mixed results, while others, such as increasing women’s control over their earnings, show clearer positive impacts. On the effects of women’s power, we pay special attention to children’s human capital. Few studies provide strong evidence that mothers invest more in children than fathers do, but collectively the evidence suggests such an effect. We conclude by highlighting research and methodological gaps.

Annotated Listing of New Books

Journal of Economic Literature 2026 64(2), 715-779
Editor's Note Our policy is to annotate all English-language books on economics and related subjects that are sent to us. A very small number of foreign-language books are called to our attention and annotated by our consulting editors or others. Our staff does not monitor and order books published; therefore, if an annotation of a book does not appear six months after the publication date, please write to us or the publisher concerning the book.

Allensworth, Rebecca Haw. The Licensing Racket: How We Decide Who Is Allowed to Work, and Why It Goes Wrong

Journal of Economic Literature 2026 64(1), 305-307
Gabriel Scheffler of University of Miami School of Law reviews “The Licensing Racket: How We Decide Who Is Allowed to Work, and Why It Goes Wrong” by Rebecca Haw Allensworth. The Econlit abstract of this book begins: “Explores the function of the professional licensing system, its effects on equality, public health, and the economy, and its role in the American Dream, emphasizing the need for a coherent, defensible theory for when licensing is required

Cain, Louis P. Chicago before the Fire: An Economic History

Journal of Economic Literature 2026 64(2), 705-707
Edward L Glaeser of Harvard University reviews “Chicago before the Fire: An Economic History” by Louis P. Cain The Econlit abstract of this book begins: “Examines the economic and business history of Chicago before the Great Fire of 1870, focusing on how the city's early growth and development determined its rise as the Midwest's dominant city.”

When Democracy Falters: A Multidisciplinary, Multi-book Review Essay on Polarization, Populism, and Authoritarianism

Journal of Economic Literature 2026 64(2), 679-697
This multi-book review argues that identity-driven polarization interacts with institutional design to erode democratic guardrails. Reading Heather Cox Richardson’s Democracy Awakening, Tom Schaller, and Paul Waldman’s White Rural Rage, and Ezra Klein’s Why We’re Polarized through an economist’s lens, I emphasize two claims. First, when institutions fail to deliver broadly shared security and dignity, anti-pluralist projects gain legitimacy and room to maneuver. Second, questions of belonging, citizenship, and the obligations of government to the people are informed by culture and institutional trust. The culture of the United States is not one that lends itself readily to ethno-nationalism, but these books make a case for an America that is, and perhaps has always, been divided by notions of who “we” are. I situate the books within the economics literature on populism, polarization, and institutions, and examine what we can learn about rebuilding both prosperity and democratic resilience in the United States.

Palladino, Lenore. Good Company: Economic Policy after Shareholder Primacy

Journal of Economic Literature 2026 64(1), 315-316
Ryan Bubb of University of Southern California reviews “Good Company: Economic Policy after Shareholder Primacy” by Lenore Palladino. The Econlit abstract of this book begins: “Explores how ending shareholder primacy and reorienting corporate decision-making toward productivity would work in practice, focusing on how board members, employees, managers, shareholders, customers, and the broader public would understand their rights and responsibilities if they were operating together in pursuit of economic innovation

Annotated Listing of New Books

Journal of Economic Literature 2026 64(1), 319-382
Editor's Note Our policy is to annotate all English-language books on economics and related subjects that are sent to us. A very small number of foreign-language books are called to our attention and annotated by our consulting editors or others. Our staff does not monitor and order books published; therefore, if an annotation of a book does not appear six months after the publication date, please write to us or the publisher concerning the book.