Nope, I would never publish in AE. I would never send a paper there. It is a junk journal. Not respected at all. Might as well just pay your $1000 and buy a PLOS one.
I'd rather get an AE than a dead working paper. It is a B journal in some rankings. My 2011 published paper in AE has 18 cites in GS and 10 in Repec. It is a top 100 in Repec.
Applied Economics >>>>>>>>>>>> Plos One