"Is the AER Replicable? And is it Robust? Evidence from a Class Project"

I think having graduate students try to replicate published papers is a simply excellent idea. I tried it with my students a few times with some success.

The profession, as is widely recognized, needs more replications. The graduate students may well get started on research topics that interest them. And the students will probably learn more about the limitations of the much-vaunted "peer review" than most journalists seem to know.