NBER Working papers 2005
Week of December 12, 2005
- Mismatch
Robert Shimer #11888 (EFG, LS) - Measuring Aggregate Productivity Growth Using Plant-Level Data
Amil Petrin and James Levinsohn #11887 (IO, PR) - Firm Expansion and CEO Pay
Lucian Bebchuk and Yaniv Grinstein #11886 (CF) - Contractual Versus Generic Outsourcing: The Role of Proximity
Robert C. Feenstra and Barbara J. Spencer #11885 (ITI, PR) - Did Vasco da Gama Matter for European Markets? Testing Frederick Lane's Hypotheses Fifty Years Later
Kevin H. O'Rourke and Jeffrey G. Williamson #11884 (DAE, ITI) - The Law and Economics of Self-Dealing
Simeon Djankov, Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer #11883 (CF, LE) - Investor Sentiment and Corporate Finance: Micro and Macro
Owen A. Lamont and Jeremy C. Stein #11882 (CF) - The Demand for Social Interaction
Henry Saffer #11881 (HE) - Monitoring Work: Getting Teachers to Come to School
Esther Duflo and Rema Hanna #11880 (CH, ED) - Fast-Food Restaurant Advertising on Television and Its Influence on Childhood Obesity
Shin-Yi Chou, Inas Rashad, and Michael Grossman #11879 (HE) - The More Things Change, the More They Stay the Same: Trends in Long-term Employment in the United States, 1969-2002
Ann Huff Stevens #11878 (LS) - Pensions for an Aging Population
Peter Diamond #11877 (AG, PE) - Technological Revolution and Stock Prices
Lubos Pastor and Pietro Veronesi #11876 (AP) - The Future of Drug Development: The Economics of Phamacogenomics
John A. Vernon and W. Keener Hughen #11875 (HE, PR) - Generalizing the Taylor Principle
Troy Davig and Eric M. Leeper #11874 (EFG) - The Impact of Minimum Quality Standards on Firm Entry, Exit and Product Quality: the Case of the Child Care Market
V. Joseph Hotz and Mo Xiao #11873 (CH) - Games Parents and Adolescents Play: Risky Behaviors, Parental Reputation, and Strategic Transfers
Lingxin Hao, V. Joseph Hotz, and Ginger Z. Jin #11872 (CH) - The Economic Impact of AIDS Treatment: Labor Supply in Western Kenya
Harsha Thirumurthy, Joshua Graff Zivin, and Markus Goldstein #11871 (HE) - The Response of Prices, Sales, and Output to Temporary Changes in Demand
Adam Copeland and George Hall #11870 (EFG, IO) - Are Countercyclical Fiscal Policies Counterproductive?
David B. Gordon and Eric M. Leeper #11869 (EFG) - The Net Asset Position of the U.S. National Government, 1784-1802: Hamilton's Blessing or the Spoils of War?
Farley Grubb #11868 (DAE) - Thinking Ahead: The Decision Problem
Patrick Bolton and Antoine Faure-Grimaud #11867 (CF) - A Dual Policy Paradox: Why Have Trade and Immigration Policies Always Differed in Labor-Scarce Economies?
Timothy J. Hatton and Jeffrey G. Williamson #11866 (DAE, ITI, LS) - Confronting Divergent Interests in Cross-Country Regulatory Arrangements
Edward J. Kane #11865 (CF) - Equilibrium Commodity Prices with Irreversible Investment and Non-Linear Technology
Jaime Casassus, Pierre-Collin Dufresne, and Bryan R. Routledge #11864 (AP) - The Perception and Valuation of the Risks of Climate Change: A Rational and Behavioral Blend
W. Kip Viscusi and Richard J. Zeckhauser #11863 (HE, LE, PE) - How Do Budget Deficits and Economic Growth Affect Reelection Prospects? Evidence from a Large Cross-Section of Countries
Adi Brender and Allan Drazen #11862 (EFG) - Can Standard Preferences Explain the Prices of out of the Money S&P 500 Put Options
Luca Benzoni, Pierre Collin-Dufresne, and Robert S. Goldstein #11861 (AP) - Can the European Community Afford to Neglect the Need for More Accountable Safety-Net Management?
Edward J. Kane #11860 (CF) - The Generational Divide in Support for Environmental Policies: European Evidence
Joni Hersch and W. Kip Viscusi #11859 (HE)
Week of December 5, 2005
- Simulating the Dynamic Macroeconomic and Microeconomic Effects of the FairTax
Laurence J. Kotlikoff and Sabine Jokisch #11858 (PE) - Myths and Realities of American Political Geography
Edward L. Glaeser and Bryce A. Ward #11857 (DAE) - Monetary Policy in a Changing International Environment: The Role of Capital Flows
Martin Feldstein #11856 (IFM, ME, PE) - The Impact of Provider Choice on Workers' Compensation Costs and Outcomes
David Neumark, Peter S. Barth, and Richard Victor #11855 (LS) - Optimal Inflation Stabilization in a Medium-Scale Macroeconomic Model
Stephanie Schmitt-Grohe and Martin Uribe #11854 (EFG, ME) - Three Current Account Balances: A "Semi-Structuralist" Interpretation
Menzie D. Chinn and Jaewoo Lee #11853 (IFM) - Platform Owner Entry and Innovation in Complementary Markets: Evidence from Intel
Annabelle Gawer and Rebecca Henderson #11852 (IO, PR) - Limits of Arbitrage: Theory and Evidence from the Mortgage-Backed Securities Market
Xavier Gabaix, Arvind Krishnamurthy, and Olivier Vigneron #11851 (AP) - Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model
Axel Boersch-Supan, Alexander Ludwig, and Joachim Winter #11850 (AG, IFM) - Inertia and Incentives: Bridging Organizational Economics and Organizational Theory
Rebecca Henderson and Sarah Kaplan #11849 (IO, PR) - Search Profiling with Partial Knowledge of Deterrence
Charles F. Manski #11848 (PE) - Competition in Large Markets
Jeffrey R. Campbell #11847 (EFG, IO) - Improving the Performance of the Education Sector: The Valuable, Challenging, and Limited Role of Random Assignment Evaluations
Richard J. Murnane and Richard R. Nelson #11846 (ED) - Equilibrium Bias of Technology
Daron Acemoglu #11845 (EFG, PR) - How Changes in Entry Requirements Alter the Teacher Workforce and Affect Student Achievement
Donald Boyd, Pamela Grossman, Hamilton Lankford, Susanna Loeb, and James Wyckoff #11844 (ED) - Demand-Based Option Pricing
Nicolae Garleanu, Lasse Heje Pedersen, and Allen M. Poteshman #11843 (AP) - Where did the Productivity Growth Go? Inflation Dynamics and the Distribution of Income
Ian Dew-Becker and Robert J. Gordon #11842 (EFG, LS) - The Myth of Long-Horizon Predictability
Jacob Boudoukh, Matthew Richardson, and Robert Whitelaw #11841 (AP) - The Information in Long-Maturity Forward Rates Implications for Exchange Rates and the Forward Premium Anomaly
Jacob Boudoukh, Matthew Richardson, and Robert Whitelaw #11840 (IFM, AP) - Firm Fragmentation and Urban Patterns
Esteban Rossi-Hansberg, Pierre-Daniel Sarte, and Raymond Owens III #11839 (EFG) - Persuasion in Finance
Sendhil Mullainathan and Andrei Shleifer #11838 (CF, AP) - The Cost of Caring for Young Children
Dan T. Rosenbaum and Christopher J. Ruhm #11837 (CH) - Rising Family Income Inequality in the United States, 1968-2000: Impacts of Changing Labor Supply, Wages, and Family Structure
Chulhee Lee #11836 (LS) - New Evidence on the Causal Link Between the Quantity and Quality of Children
Joshua D. Angrist, Victor Lavy, and Analia Schlosser #11835 (ED, LS, CH) - Financial System Risk and Flight to Quality
Ricardo J. Caballero and Arvind Krishnamurthy #11834 (CF, EFG, DAE, IFM, ME) - Who's Going Broke? Comparing Growth in Healthcare Costs in Ten OECD Countries
Laurence J. Kotlikoff and Christian Hagist #11833 (AG, HE, PE)
Week of November 28, 2005
- Universal Childcare, Maternal Labor Supply, and Family Well-Being
Michael Baker, Jonathan Gruber, and Kevin Milligan #11832 (PE, CH) - Would the FairTax Raise or Lower Marginal and Average Tax Rates
Laurence J. Kotlikoff and David Rapson #11831 (PE) - Do Capital Adequacy Requirements Matter for Monetary Policy?
Stephen G. Cecchetti and Lianfi Li #11830 (ME) - The Effect of Firm-Level Contracts on the Structure of Wages: Evidence from Matched Employer-Employee Data
David Card and Sara de la Rica #11829 (LS) - Trade in Ideal Varieties: Theory and Evidence
David Hummels and Volodymyr Lugovskyy #11828 (ITI) - Modeling the Offshoring of White-Collar Services: From Comparative Advantage to the New Theories of Trade and FDI
James Markusen #11827 (ITI, LS) - Efficiency and Welfare with Complementarities
George-Marios Angeletos and Alessandro Pavan #11826 (EFG) - Surviving Andersonville: The Benefits of Social Networks in POW Camps
Dora L. Costa and Matthew E. Kahn #11825 (DAE) - Downside Risk
Andrew Ang, Joseph Chen, and Yuhang Xing #11824 (AP) - Current Account Deficits in Industrial Countries: The Bigger they are the Harder they Fall?
Caroline Freund and Frank Warnock #11823 (IFM) - Insurer-Provider Networks in the Medical Care Market
Katherine Ho #11822 (HE) - Towards a Theory of Firm Entry and Stabilization Policy
Paul R. Bergin and Giancarlo Corsetti #11821 (ME) - Inattentive Producers
Ricardo Reis #11820 (EFG, ME) - The Welfare Effects of Restricted Hospital Choice in the US Medical Care Market
Katherine Ho #11819 (HE) - Medical Expenditure Risk and Household Portfolio Choice
Dana Goldman and Nicole Maestas #11818 (AG, HE) - Salary or Benefits?
Paul Oyer #11817 (LS, LE) - Cash-Flow Risk, Discount Risk, and the Value Premium
Tano Santos and Pietro Veronesi #11816 (AP) - Optimal Monetary and Fiscal Policy in a Currency Union
Jordi Gali and Tommaso Monacelli #11815 (EFG, IFM, ME) - How Big a Problem is Too Big to Fail?
Frederic S. Mishkin #11814 (ME) - Racial Sorting and Neighborhood Quality
Patrick Bayer and Robert McMillan #11813 (ED) - How Much is Too Much? The Influence of Preschool Centers on Children's Social and Cognitive Development
Susanna Loeb, Margaret Bridges, Daphna Bassok, Bruce Fuller, and Russ Rumberger #11812 (ED, CH) - Aching to Retire? The Rise in the Full Retirement Age and its Impact on the Disability Rolls
Mark Duggan, Perry Singleton, and Jae Song #11811 (AG, HE, PE) - Who Benefits from New Medical Technologies? Estimates of Consumer and Prodicer Surpluses for HIV/AIDS Drugs
Thomas J. Philipson and Anupam B. Jena #11810 (HE, PR) - Consumer Benefits from Increased Competition in Shopping Outlets: Measuring the Effect of Wal-Mart
Jerry Hausman and Ephraim Leibtag #11809 (EFG, PR) - Searching for Better Prospects: Endogenizing Failing Job Tenure and Private Pension Coverage
Leora Friedberg, Michael T. Owyang, and Tara M. Sinclair #11808 (AG, LS) - Well-Being, Social Capital and Public Policy: What's New?
John F. Helliwell #11807 (LS)
Week of November 14, 2005
- Real Wage Rigidities and the New Keynesian Model
Olivier Blanchard and Jordi Gali #11806 (EFG) - Parental Preferences and School Competition: Evidence from a Public School Choice Program
Justine S. Hastings, Thomas J. Kane, and Douglas O. Staiger #11805 (ED, PE, CH) - Farm Productivity and Market Structure: Evidence from Cotton Reforms in Zambia
Irene Brambilla and Guido Porto #11804 (ITI) - What Can Rational Investors Do About Excessive Volatility and Sentiment Fluctuations?
Bernard Dumas, Alaxender Kurshev, and Raman Uppal #11803 (AP) - Choice and Competition in Local Education Markets
Patrick Bayer and Robert McMillan #11802 (ED, PE) - Information Technology and the Japanese Economy
Dale W. Jorgenson and Kazuyuki Motohashi #11801 (PR) - The Industry Origins of Japanese Economic Growth
Dale W. Jorgenson and Koji Nomura #11800 (EFG, PR) - Creative Careers: The Life Cycles of Nobel Laureates in Economics
Bruce A. Weinberg and David W. Galenson #11799 (LS) - Foreign Subsidization and the Excess Capacity Hypothesis
Bruce A. Blonigen and Wesley W. Wilson #11798 (ITI) - Motivations for Public Equity Offers:An International Perspective
Woojin Kim and Michael S. Weisbach #11797 (CF) - From the Cradle to the Labor Market? The Effect of Birth Weight on Adult Outcomes
Sandra E. Black, Paul J. Devereux, and Kjell Salvanes #11796 (ED, HE, LS, CH) - Stuck on Gold: Real Exchange Rate Volatility and the Rise and Fall of the Gold Standard
Natalia Chernyshoff, David S. Jacks, and Alan M. Taylor #11795 (DAE, ITI, IFM) - Economic Outcomes and the Decision to Vote: The Effect of Randomized School Admission on Voter Participation
Justine S. Hastings, Thomas J. Kane, Douglas O. Staiger, and Jeffrey M. Weinstein #11794 (ED, LS, PE, CH) - An Analysis of the Impact of Affirmative Action Programs on Self-Employment in the Construction Industry
David G. Blanchflower and Jon Wainwright #11793 (LS, LE) - Establishing Credibility: Evolving Perceptions of the European Central Bank
Linda S. Goldberg and Michael W. Klein #11792 (IFM, ME) - Output Costs, Currency Crises, and the Interest Rate Defense of a Peg
Amartya Lahiri and Carlos A. Vegh #11791 (IFM) - Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program
Michael Greenstone and Justin Gallagher #11790 (LS, PE, CH) - Paternalism and Psychology
Edward L. Glaeser #11789 (EFG, LE, PE) - Robustness of the Estimates of the Hybrid New Keynesian Phillips Curve
Jordi Gali, Mark Gertler, and J. David Lopez-Salido #11788 (EFG, ME) - Openness Can be Good for Growth: The Role of Policy Complementarities
Roberto Chang, Linda Kaltani, and Norman Loayza #11787 (EFG, IFM, ITI) - Pay Inequality, Pay Secrecy, and Effort: Theory and Evidence
Gary Charness and Peter Kuhn #11786 (LS) - Evaluation of Currency Regimes: The Unique Role of Sudden Stops
Assaf Razin and Yona Rubinstein #11785 (IFM) - Two Theories of Money Reconciled: The Colonial Puzzle Revisited with New Evidence
Farley Grubb #11784 (DAE) - The U.S. Constitution and Monetary Powers
Farley Grubb #11783 (DAE) - The Effects of Wal-Mart on Local Labor Markets
David Neumark, Junfu Zhang, and Stephen Ciccarella #11782 (LS) - Liability for Accidents
Steven Shavell #11781 (LE) - The Theory of Public Law Enforcement
A. Mitchell Polinsky and Steven Shavell #11780 (LE) - Financial Crises and Political Crises
Roberto Chang #11779 (IFM) - The 1920s and the 1990s in Mutual Reflection
Robert J. Gordon #11778 (EFG, DAE) - What Caused the Decline in U.S. Business Cycle Volatility?
Robert J. Gordon #11777 (EFG, ME) - A Century of Housing Shelter Prices: Is there a Downfall Bias in the CPI?
Robert J. Gordon and Todd vanGoethem #11776 (EFG, PR)
Week of November 7, 2005
- Roughing it Up: Including Jump Components in the Measurement, Modeling and Forecasting of Return Volatility
Torben G. Anderson, Tim Bollerslev, and Francis X. Diebold #11775 (AP) - The Complementary Role of Exports and R&D Investments as Sources of Productivity Growth
Bee Yan Aw, Mark J. Roberts, and Tor Winston #11774 (ITI, PR) - How Does Information Technology Really Affect Productivity? Plant-Level Comparisons of Product Innovation, Process Improvement and Worker Skills
Ann P. Bartel, Casey Ichniowski, and Kathryn L. Shaw #11773 (LS, PR) - The Creation of the Rule of Law and the Legitimacy of Property: The Political and Economic Consequences of a Corrupt Privatization
Joseph E. Stiglitz and Karla Hoff #11772 (EFG, PE) - Interest Rates, Exchange Rates and International Adjustment
Michael P. Dooley, David Folkerts-Landau, and Peter M. Garber #11771 (IFM) - Drug Advertising and Health Habits
Toshiaki Iizuka and Ginger Zhe Jin #11770 (HE, IO) - What Defines ‘News' in Foreign Exchange Markets?
Kathryn Dominguez and Freyan Panthaki #11769 (IFM) - Electronic Filing, Tax Preparers, and Participation in the Earned Income Tax Credit
Wojciech Kopczuk and Cristian Pop-Eleches #11768 (PE) - To Leave or Not To Leave: The Distribution of Bequest Motives
Wojciech Kopczuk and Joseph P. Lupton #11767 (AG, PE) - Unobserved Actions of Mutual Funds
Marcin Kacperczyk, Clemens Sialm, and Lu Zheng #11766 (AP) - Internet Advertising and the Generalized Second Price Auction: Selling Billions of Dollars Worth of Keywords
Benjamin Edelman, Michael Ostrovsky, and Michael Schwarz #11765 (IO) - General Equilibrium Analysis of the Eaton-Kortum Model of International Trade
Fernando Alvarez and Robert E. Lucas #11764 (EFG, ITI) - A Simple Test of Adverse Events and Strategic Timing Theories of Consumer Bankruptcy
Li Gan and Tarun Sabarwal #11763 (AG) - Cities and Countries
Andrew K. Rose #11762 (IFM, ITI) - Current Account Balances, Financial Development and Institutions: Assaying the World "Savings Glut"
Menzie D. Chinn and Hiro Ito #11761 (IFM) - Why do Unemployment Benefits Raise Unemployment Durations? The Role of Borrowing Constraints and Income Effects
Raj Chetty #11760 (LS, PE) - How's the Job? Well-Being and Social Capital in the Workplace
John F. Helliwell and Haifang Huang #11759 (LS) - The Role of Beliefs in Inference for Rational Expectations Models
Bruce N. Lehmann #11758 (AP) - An Information-Based Trade Off between Foreign Direct Investment and Foreign Portfolio Investment
Itay Goldstein and Assaf Razin #11757 (IFM, ITI) - Tax Changes and Asset Pricing: Time-Series Evidence
Clemens Sialm #11756 (AP, PE) - Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets
Xavier Gabaix and David Laibson #11755 (EFG) - The Transformation of Hunger: The Demand for Calories Past and Present
Trevon D. Logan #11754 (DAE) - Monitoring Corruption: Evidence from a Field Experiment in Indonesia
Benjamin A. Olken #11753 (PE) - Buyer Investment, Product Variety, and Intrafirm Trade
Yongmin Chen and Robert C. Feenstra #11752 (ITI)
Week of October 31, 2005
- Why Don't More Puerto Rican Men Work? The Rich Uncle (Sam) Hypothesis
Maria Enchautegui and Richard B. Freeman #11751 (LS, PE) - European Unemployment: The Evolution of Facts and IdeasOlivier Blanchard #11750 (EFG, LS)
- Can IT be Japan's Savior?
Fumio Hayashi and Koji Nomura #11749 (ITI, PR) - Understanding Order Flow
Martin D. D. Evans and Richard K. Lyons #11748 (IFM, AP) - Socially Responsible Investment in Japanese Pensions
Henry Hongho Jin, Olivia S. Mitchell, and John Piggott #11747 (AG, LS) - A Cost-of-Living Dynamic Price Index, with an Application to Indexing Retirement Accounts
Ricardo Reis #11746 (AG, ME, PE) - A Customs Union with Multinational Firms: The Automobile Market in Argentina and Brazil
Irene Brambilla #11745 (ITI) - "The War for the Fare": How Driver Compensation Affects Bus System Performance
Ryan M. Johnson, David H. Reiley, and Juan Carlos Munoz #11744 (IO, LS) - Do Temporary Help Jobs Improve Labor Market Outcomes for Low Skilled Workers? Evidence from Random Assignments
David Autor and Susan Houseman #11743 (LS, PE) - Temporary Agency Employment as a Way out of Poverty?
David Autor and Susan Houseman #11742 (LS, PE) - Default Risk Sharing Between Banks and Markets: The Contribution of Collateralized Debt
Gunter Franke and Jan Pieter Krahnen #11741 (AP) - Hard Targets: Theory and Evidence on Suicide Attacks
Eli Berman and David Laitin #11740 (LS) - Identifying Age, Cohort and Period Effects in Scientific Research Productivity: Discussion and Illustration Using Simulated and Actual Data on French Physicists
Bronwyn H. Hall, Jacques Mairesse, and Laure Turner #11739 (PR) - Debiasing through Law
Christine Jolls and Cass R. Sunstein #11738 (LE) - Underground Gun Markets
Philip J. Cook, Jens Ludwig, Sudhir Venkatesh, and Anthony A. Braga #11737 (HE, LE, CH) - Stock Returns and Expected Business Conditions: Half a Century of Evidence
Sean D. Campbell and Francis X. Diebold #11736 (EFG, AP) - A Portfolio View of Consumer Credit
David K. Musto and Nicholas S. Souleles #11735 (EFG, ME, AP) - Usury Ceilings, Relationships and Bank Lending Behavior: Evidence from Nineteenth Century New York
Howard Bodenhorn #11734 (DAE) - Monetary Policy with Model Uncertainty: Distribution Forecast Targeting
Lars E. O. Svensson and Noah Williams #11733 (EFG, IFM, ME) - Colorism and African American Wealth: Evidence from the Nineteenth Century South
Howard Bodenhorn and Christopher S. Ruebeck #11732 (DAE) - Precautionary Savings and the Importance of Business Owners
Erik Hurst, Arthur Kennickell, Annamaria Lusardi, and Francisco Torralba #11731 (EFG, AG, PE) - Mughal Decline, Climate Change, and Britain's Industrial Ascent: An Integrated Perspective on India's 18th and 19th Century Deindustrialization
David Clingingsmith and Jeffrey G. Williamson #11730 (DAE) - Behavioral Responses to Taxes: Lessons from the EITC and Labor Supply
Nada Eissa and Hilary Hoynes #11729 (LS, PE)
Week of October 24, 2005
- Edgeworth Expansions for Realized Volatility and Related Estimators
Lan Zhang, Per A. Mykland, and Yacine Ait-Sahalia #T0319 (TWP) - U.S. v Microsoft: Did Consumers Win?
David S. Evans, Albert L. Nichols, and Richard Schmalensee #11727 (IO, LE) - Turning Workers into Savers? Incentives, Liquidity, and Choice in 401(k) Plan Design
Olivia S. Mitchell, Stephen P. Utkus, and Tongxuan (Stella) Yang #11726 (AG, LS, PE) - Using Experimental Economics to Measure the Effects of a Natural Educational Experiment on Altruism
Eric Bettinger and Robert Slonim #11725 (ED) - Assessing the Safety and Efficacy of the FDA: The Case of the Prescription Drug User Fee Acts
Tomas J. Philipson, Ernst R. Berndt, Adrian H. B. Gottschalk, and Matthew W. Strobeck #11724 (HE, PR)
Week of October 17, 2005
- Moral Hazard in Nursing Home Use
David C. Grabowski and Jonathan Gruber #11723 (AG, HE, PE) - Institutional Investors and Stock Market Volatility
Xavier Gabaix, Parameswaran Gopikrishnan, Vasiliki Plerou, and H. Eugene Stanley #11722 (EFG, AP) - Training, Wages, and Sample Selection: Estimating Sharp Bounds on Treatment Effects
David S. Lee #11721 (LS) - Local Public Good Provision: Voting, Peer Effects, and Mobility
Stephen Calabrese, Dennis Epple, Thomas Romer, and Holger Sieg #11720 (PE) - Supply Capacity, Vertical Specialization and Tariff Rates: The Implications for Aggregate U.S. Trade Flow Equations
Menzie D. Chinn #11719 (IFM, ITI) - Y2K and Offshoring: the Role of External Economies and Firm Heterogeneity
Devashish Mitra and Priya Ranjan #11718 (ITI) - Foreign Direct Investment and Domestic Economic Activity
Mihir A. Desai, C. Fritz Foley, and James R. Hines #11717 (CF, IFM, ITI, PE) - A Political-Economy Theory of Trade Agreements
Giovanni Maggi and Andres Rodriguez-Clare #11716 (ITI) - Do the Young British Artists Rule (or: Has London Stolen the Idea of Postmodern Art from New York?): Evidence from the Auction Market
David W. Galenson #11715 (LS) - Review of a History of the Federal Reserve. Volume 1 (2003) by Allan H. Meltzer
Michael D. Bordo #11714 (DAE, ME) - Monetary and Exchange Rate Policy Coordination in ASEAN+1
William H. Branson #11713 (IFM, ITI) - Changing Looks and Changing "Discrimination:" The Beauty of Economists
Daniel S. Hamermesh #11712 (LS) - Dams
Esther Duflo and Rohini Pande #11711 (PE) - Job Hopping in Silicone Valley: Some Evidence Concerning the Micro-Foundations of a High Technology Cluster
Bruce Fallick, Charles A. Fleischmann, and James B. Rebitzer #11710 (LS, PR) - Consumption Smoothing and the Welfare Consequences of Social Insurance in Developing Economies
Raj Chetty and Adam Looney #11709 (PE) - Income Risk and the Benefits of Social Insurance: Evidence from Indonesia and the United States
Raj Chetty and Adam Looney #11708 (PE) - The Effects of Cardiac Specialty Hospitals on the Cost and Quality of Medical Care
Jason R. Barro, Robert S. Huckman, and Daniel P. Kessler #11707 (HE) - A Re-Examination of the Border Effect
Yuriy Gorodnichenko and Linda Tesar #11706 (IFM) - Does the Profit Motive Make Jack Nimble? Ownership Form and the Evolution of the U.S. Hospital Industry
Sujoy Chakravarty, Martin Gaynor, Steven Klepper, and William B. Vogt #11705 (HE) - Contraception as Development? New Evidence from Family Planning in Colombia
Grant Miller #11704 (HE, CH) - Macro Factors in Bond Risk Premia
Sydney C. Ludvigson and Serena Ng #11703 (AP) - Does Head Start Improve Children's Life Chances? Evidence from a Regression Discontinuity Design
Jens Ludwig and Douglas L. Miller #11702 (CH) - International Capital Flows, Returns and World Financial Integration
Martin D. D. Evans and Viktoria Hnatkovska #11701 (IFM)
Week of October 10, 2005
- Solving General Equilibrium Models with Incomplete Markets and Many Assets
Martin D. D. Evans and Viktoria Hnatkovska #T0318 (TWP) - Generalized Stochastic Gradient Learning
George W. Evans, Seppo Honkapohja, and Noah Williams #T0317 (TWP) - Dynamic Discrete choice and Dynamic Treatment Effects
James J. Heckman and Salvador Navarro #T0316 (TWP) - Convergence Properties of the Likelihood of Computed Dynamic Models
Jesus Fernandez-Villaverde, Juan F. Rubio-Ramirez, and Manuel S. Santos #T0315 (TWP) - Good bye Lenin (or not?): The Effect of Communism on People's Preferences
Alberto Alesina and Nicola Fuchs Schuendeln #11700 (PE) - The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations
Ariel Burstein, Martin Eichenbaum, and Sergio Rebelo #11699 (EFG, IFM, ME) - Banking System Stability: A Cross-Atlantic Perspective
Philipp Hartmann, Stefan Straetmans, and Casper G. De Vries #11698 (AP) - Do Local Analysts Know More? A Cross-Country Study of the Performance of Local Analysts and Foreign Analysts
Kee-Hong Bae, Rene M. Stulz, and Hongping Tan #11697 (AP) - Capital Flows in a Globalized World: The Role of Policies and Institutions
Laura Alfaro, Sebnem Kalemli-Ozcan, and Vadym Volosovych #11696 (IFM) - Historical Financing of Small- and Medium-Sized Enterprises
Robert Cull, Lance E. Davis, Naomi R. Lamoreaux, and Jean-Laurent Rosenthal #11695 (DAE) - Measures of Per Capita Hours and their Implications for the Technology-Hours Debate
Neville Francis and Valerie A. Ramey #11694 (EFG, LS) - Work Hours, Wages, and Vacation Leave
Joseph G. Altonji and Emiko Usui #11693 (LS)
Week of October 3, 2005
- More on Unemployment and Vacancy Fluctuations
Dale T. Mortensen #11692 (EFG, LS) - Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies
Enrique G. Mendoza #11691 (IFM) - Race and Health Disparities Among Seniors in Urban Areas in Brazil
Antonio J. Trujillo, John A. Vernon, Laura Rodriguez Wong, and Gustavo Angeles #11690 (HE) - Liquidity and Insurance for the Unemployed
Robert Shimer and Ivan Werning #11689 (EFG, LS, PE) - Airplanes and Comparative Advantage
James Harrigan #11688 (ITI) - Fiscal Hedging and the Yield Curve
Hanno Lustig, Christopher Sleet, and Sevin Yeltekin #11687 (EFG, ME, AP, PE) - Who Bears the Corporate Tax? A Review of What We Know
Alan J. Auerbach #11686 (PE) - The Risk-Adjusted Cost of Financial Distress
Heitor Almeida and Thomas Philippon #11685 (CF) - The Labor Market and Macro Volatility: A Nonstationary General-Equilibrium Analysis
Robert E. Hall #11684 (EFG, LS) - Investor Inattention, Firm Reaction, and Friday Earnings Announcements
Stefano DellaVigna and Joshua Pollet #11683 (AP) - Markov Forecasting Methods for Welfare Caseloads
Jeffrey Grogger #11682 (LS, PE) - Poverty in America: Trends and Explanations
Hilary Hoynes, Marianne Page, and Ann Stevens #11681 (LS, PE)
Week of September 26, 2005
- Saving Incentives for Low- and Middle-Income Families: Evidence from a Field Experiment with H & R Block
Esther Duflo, William Gale, Jeffrey Liebman, Peter Orszag and Emmanuel Saez #11680 (PE) - The Climate for Business Development and Employment Growth in Puerto Rico
Steven j. Davis and Luis Rivera-Batiz #11679 (EFG, LS) - Job Loss, Job Finding, and Unemployment in the U.S. Economy Over the Past Fifty Years
Robert E. Hall #11678 (EFG, LS) - Health Risk, Income, and the Purchase of Private Health Insurance
M. Kate Bundorf, Bradley Herring and Mark Pauly #11677 (HC, PE) - Price Discrimination, Copyright Law and Technological Innovation: Evidence from the Introduction of DVDs
Julia Holland Mortimer #11676 (IO) - Fractional Treatment Rules for Social Diversification of Indivisible Private Risks
Charles F. Manski #11675 (PE) - Minorites and Storable Votes
Alessandra Casella, Thomas Palfrey and Raymond Riezman #11674 (ME, PE) - Estimation and Identification of Merger Effects: An Application to Hospital Mergers
Leemore S. Dafny #11673 (HC, IO) - Rethinking the Gains from Immigration: Theory and Evidence from the U.S.
Gianmarco I.P. Ottaviano and Giovanni Peri #11672 (ITI, LS) - Complementarities and Collusion in an FCC Spectrum Auction
Patrick Bajari and Jeremy T. Fox #11671 (IO) - Expanding School Enrollment by Subsidizing Private Schools: Lessons from Bogota
Claudia Uribe, Richard J. Murname, John B. Willet and Marie-Andree Somers #11670 (ED) - The End of Large Current Account Deficits, 1970-2002: Are There Lesson for the United States?
Sebastian Edwards #11669 (EFG, IFM, ME) - Will China Eat Our Lunch or Take Us to Dinner? Simulating the Transition Paths of the U.S., EU, Japan, and China
Hans Fehr and Sabine Jokisch #11668 (EFG, IFM, ITI) - The Effect of Joint and Several Liability Under Superfund on Brownfields
Howard F. Chang and Hilary Sigman #11667 (LE, PE, EE) - Pillar 1 vs. PPillar 2 Under Risk Management
Loriana Pelizzon and Stephen Schaefer #11666 (AP, ME, FR) - Tax Reform and Environmental Taxation
Gilbert E.Metcalf #11665 (PE, EE) - Media Bias and Reputation
Matthew Gentzkow and Jesse M. Shapiro #11664 (LS, PE, ENS) - Religious Extremism: The Good, The Bad, and The Deadly
Eli Bermand and Laurence R. Iannaccone #11663 (LS, ENS) - Hospital Ownership and Financial Performance: A Quantitatvie Research Review
Yu-Chu Shen, Karen Eggleston, Joseph Lau and Christopher Schmid #11662 (HC) - Puzzling Tax Structures in Developing Countries: A Comparison of Two Alternative Explanations
Roegr Gordon and Wei Li #11661 (PE) - Teachers and the Gender Gaps in Student Achievement
Thomas S. Dee #11660 (CH, ED) - How Unobservable Productivity Biases the Value of a Statistical Life
Thomas J. Kniesner, W. Kip Vicusi, Christopher Woock and James P. Ziliak #11659 (HE, LE, PE) - Effects of Employment Protection on Worker and Job Flows: Evidence from the 1990 Italian Reform
Adriana Kugler and Giovanni Pica #11658 (LE, PE) - What Undermines Aid's Impact on Growth?
Raghuram G. Rajan and Arvind Subramanian #11657 (IFM, PE) - Factor Adjustments After Deregulation: Panel Evidence from Colombian Plants
Marcela Eslava, John Haltiwanger, Adriana Kugler and Maurice Kugler #11656 (EFG, PR) - Is It Is or Is It Ain't My Obligation? Regional Debt in a Fiscal Federation
Russell Cooper, Hubert Kempf and Dan Peled #11655 (EFG, PE) - The Decline of the Independent Inventor: A Schumpterian Story?
Naomi R. Lamoreaux and Kenneth L. Sokoloff #11654 (DAE, PR) - Trade Invoicing in the Accession Countries: Are They Suited to the Euro?
Linda Goldberg #11653 (IFM, ITI) - Pegged Exchange Rate Regimes - A Trap?
Joshua Aizenman and Reuven Glick #11652 (IFM) - Separating the Business Cycle from Other Economic Fluctuations
Robert E. Hall #11651 (EFG) - Heterogeneous Firms, Agglomeration and Economic Geography: Spatial Selection and Sorting
Richard Baldwin and Toshihiro Okubo #11650 (ITI) - Entry and Competition in Local Hospital Markets
Jean M. Abraham, Martin S. Gaynor and William B. Vogt #11649 (HC, IO) - Trusting the Stock Market
Luigi Guiso, Paola Sapienza and Luigi Zingales #11648 (CF) - Employment Dynamics and Business elocation: New Evidence from the National Establishment Time Series
David Neumark, Junfu Zhang and Brandon Wall #11647 (LS) - Monetary-Fiscal Policy Interactions and the Price Level: Background and Beyond
Eric M. Leeper and Tack Yun #11646 (EFG) - Barriers to Entry
Dennis W. Carlton #11645 (IO) - Who Are the Greatest Living Artists? The View from the Auction Market
David W. Galenson #11644 (AP, LS)
Week of September 19, 2005
- Instrumental Variables Methods in Experimental Criminological Research: What, Why, and How?
Joshua Angrist #T0314 (TWP) - Assessing High House Prices: Bubbles, Fundamentals, and Misperceptions
Charles Himmelberg, Christopher Mayer and Todd Sinai #11643 (AP, PE, UE) - Technology Adoption In and Out of Major Urban Areas: When Do Internal Firm Resources Matter Most?
Chris Forman, Avi Goldfarb and Shane Greenstein #11642 (IO, PR, UE) - Globalization and Inflation-Output Tradeoffs
Assaf Razin and Prakash Loungani #11641 (IFM, ITI) - Capital Flows and Controls in Brazil: What Have We Learned?
Ilan Goldfajn and Andre Minella #11640 (IFM) - Bilateral FDI Flows: Threshold Barriers and Productivity Shocks
Assaf Razin, Efraim Sadka and Hui Tong #11639 (IFM, PR) - Modeling Exchange-Rate Passthrough After Large Devaluations
Ariel Burstein, Martin Eichenbaum and Sergio Rebelo #11638 (EFG, IFM) - Tradability, Productivity, and Understanding International Economic Intergration
Paul R. Bergin and Reuven Glick #11637 (IFM, ITI) - Do School-To-Work Programs Help the "Forgotten Half"?
David Neumark and Donna Rothstein #11636 (ED, LS) - Bribery: Who Pays, Who Refuses, What Are the Payoffs?
Jennifer Hunt and Sonia Laszlo #11635 (LS) - Current Account Reversals: Always a Problem?
Barry Eichengreen and Muge Adalet #11634 (DAE, IFM, ME) - Rational Inattention: A Solution to the Forward Discount Puzzle
Philippe Bacchetta and Eric van Wincoop #11633 (IFM) - Exchange-Rate Pass-Through to Import Prices in the Euro Area
Jose Manuel Campa, Linda S. Goldberg and Jose M. Gonzalez-Minguez #11632 (IFM) - The Law and Economics of Antidiscrimination Law
John J. Donohue III #11631 (LE) - Deficits and Debt in the Short and Long Run
Benjamin Friedman #11630 (EFG, ME, PE)
Week of September 12, 2005
- Hours Worked: Long-Run Trends
Jeremy Greenwood and Guillaume Vandenbroucke #11629 (EFG, LS) - Rising Wage Inequality: The Role of Composition and Prices
David H. Autor, Lawrence F. Katz and Melissa Kearney #11628 (EFG, LS) - Trends in U.S. Wage Inequality: Re-Assessing the Revisionists
David H. Autor, Lawrence F. Katz and Melissa Kearney #11627 (ED, EFG, LS) - Distributional Impacts of the Self-Sufficiency Project
Marianne P. Bitler, Jonah B. Gelbach and Hilary Hoynes #11626 (LS, PE) - Can a Rapidly-Growing Export-Oriented Economy SMoothly Exit an Exchange Rate Peg? Lessons for China from Japan's High-Growth Era
Barry Eichengreen and Mariko Hatase #11625 (IFM) - Venture Capital Contracting and Syndication: An Experiment in Computational Corporate Finance
Zsuzsanna Fluck, Kedran Garrison and Stwewart C. Myers #11624 (CF) - Supporting "The Best and Brightest" in Science and Engineering: NSF Graduate Research Fellowships
Richard B. Freeman, Tanwin Chang and Hanley Chiang #11623 (LS, PR) - Does Social Secuiryt Privatization Produce Efficiency Gains?
Shinichi Nishiyama and Kent Smetters #11622 (AG, PE) - Welfare Reform, Returns to Experience, and Wages: Using Reservation Wages to Account for Sample Selection Bias
Jeffrey Grogger #11621 (LS, PE) - Death and Development
Peter Lorentzen, John McMillan and Romain Wacziarg #116205 (EFG, IFM) - The Aggregate Effects of Health Insurance: Evidence from the Introduction of Medicare
Amy Finkelstein #11619 (AG, HC, PE) - Bubbles and Capital Flow Volatility: Causes and Risk Management
Richard J. Caballero and Arvind Krishnamurthy #11618 (EFG, IFM, ME, FR) - The Divergence of Human Capital Levels Across Cities
Christopher R. Berry and Edward L. Glaeser #11617 (EFG, UE) - The Behavioralist Meets the Market: Measuring Social Preferences and Reputation Effects in Actual Transactions
John A. List #11616 (PE, BE) - Smart Cities: Quality of Life, Productivity, and the Growth Effects of Human Capital
Jesse M. Shapiro #11615 (LS, UE)
Week of September 5, 2005
- Trade Liberalization, Poverty and Inequality: Evidence from Indian Districts
Petia Topalova #11614 (ITI) - The Effect of Child Access Prevention Laws on Non-Fatal Gun Injuries
Jeff Desimone and Sara Markowitz #11613 (HE) - Recent Trends in Resource Sharing Among the Poor
Steven J. Haider and Kathleen McGarry #11612 (AG) - Toward an Understanding of the Economics of Charity: Evidence from a Field Experiment
Craig Landry, Andreas Lange, John A. List, Michael K. Price and Nicholas G. Rupp #11611 (PE) - Native Internal Migration and the Labor Market Impact of Immigration
George J. Borjas #11610 (LS) - What Did Medicare Do (And Was It Worth It)?
Amy Finkelstein and Robin McKnight #11609 (AG, HC, PE) - Estimating Bank Trading Risk: A Factor Model Approach
James O'Brien and Jeremy Berkowitz #11608 (AP, FR) - "Aggregation Bias" DOES Explain the PPP Puzzle
Jean Imbs, Haroon Mumtaz, Morten O. Ravn and Helene Rey #11607 (IFM) - Euler Equation Errors
Martin Lettau and Sydney C. Ludvigson #11606 (AP) - Disability Risk and the Value of Disability Insurance
Amitabh Chandra and Andrew A. Samwick #11605 (HC, LS, PE) - Building the Stock of College-Educated Labor
Susan Dynarski #11604 (ED, LS) - The Industrial Organization or Markets with Two-Sided Platforms
David S. Evans and Richard Schmalensee #11603 (IO) - Insurance and Innovation in Health Care Markets
Darius Lakdawalla and Neeraj Sood #11602 (HC) - Lifecycle Prices and Production
Mark Aguiar and Erik Hurst #11601 (EFG, PE) - Why is Fiscal Policy Often Procyclical
Alberto Alesina and Guido Tabellini #11600 (EFG, PE, POL)
Week of August 29, 2005
- Workplace Segregation in the United States: Race, Ethnicity, and Skill
Judith Hellerstein and David Neumark #11599 (LS) - The 2004 Global Labor Survey: Workplace Institutions and Practices Around the World
Davin Chor and Richard B. Freeman #11598 (LS) - Do Accountability and Voucher Threats Improve Low-Performing Schools?
David N. Figlio and Cecilia Elena Rouse #11597 (CH, ED) - Declining Volatility in the U.S. Automobile Industry
Valerie A. Ramey and Daniel J. Vine #11596 (EFG) - Why Are Some Public Offiicals More Corrupt Than Others?
Jennifer Hunt #11595 (LE, LS) - Wealth Transfers from Implementing Real-Time Retail Electricity Pricing
Severin Borenstein #11594 (IO) - Searching for Non-Monotnic Effects of Fiscal Policy: New Evidence
Francesco Giavazzi, Tullio Jappelli, Marco Pagano and Marina Benedetti #11593 (EFG) - Eat, Drink, Firms and Government: An Investigation of Corruption from Entertainment and Travel Costs of Chinese Firms
Hongbin Cai, Hanming Fang and Lixin Colin Xu #11592 (PE, CE) - Evidence That Seat Belts Are As Effective As Child Safety Seats in Preventing Death for Children Aged Two and Up
Steven D. Levitt #11591 (CH, LE, PE) - Endogenous Fertility, Morality and Economic Growth: Can a Malthusian Framework Account for the Conflicting Historical Trends in Population?
Isaac Ehrlich and Jinyuong Kim #11590 (HE) - A Global Perspective on External Positions
Philip R. Lane and Gian Maria Milesi-Ferretti #11589 (IFM)
Week of August 22, 2005
- Inference with Weak Instruments
Donald W.K. Andrews and James H. Stock #T313 (TWP) - Commitment, Risk, and Consumption: Do Birds of a Feather Have Bigger Nests?
Stephen H. Shore and Todd Sinai #11588 (EFG, LS, PE) - The Intergenerational Effects of Worker Displacement
Philip Oreopoulos, Marianne Page and Ann Huff Stevens #11587 (CH, LS) - Seventy Years of Central Banking: The Bank of Canada in International Context, 1935-2005
Michael D. Bordo and Angela Redish #11586 (DAE, ME) - Determinants of City Growth in Brazil
Daniel da Mata, U. Deichmann, J. Vernon Henderson, Subir V. Lall and H.G. Wang #11585 (PE) - The Super Size of America: An Economic Estimation of Body Mass Index and Obesity in Adults
Inas Rashad, Michael Grossman and Shin-Yi Chou #11584 (HE) - Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing
Hamid Faruqee, Douglas Laxton, Dirk Muir and Paolo Pesenti #11583 (IFM) - Michael Grossman
Education and Nonmarket Outcomes #11582 (ED, HC, HE) - What Are Firms? Evolution from Birth to Public Companies
Steven Kaplan, Berk A. Sensoy and Per Stromberg #11581 (CF, IO)
Week of August 15, 2005
- Fiscal Divergence and Business Cycle Synchronization: Irresponsibility is Idionsyncratic
Andrew K. Rose, Zsolt Darvas and Gyorgy Szapary #11580 (EFG, IFM) - How Much Do Banks Use Credit Derivatives to Reduce Risk?
Bernadette Minton, Rene M. Stulz and Rohan Williamson #11579 (AP, CF) - Understanding the Effects of Government Spending on Consumption
Jordi Gali, J. David Lopez-Salido and Javier Valles #11578 (EFG) - Experimental Analysis of Neighborhood Effects
Jeffrey R. Kling, Jeffrey B. Leibman and Lawrenze F. Katz #11577 (CH, LS, PE, UE) - Insuring Consumption and Happiness Through Religious Organizations
Rajeev Dehejia, Thomas DeLeire and Erzo F.P. Luttmer #11576 (LS, PE) - Products and Productivity
Peter K. Schott, Andrew B. Bernard and Stephen J. Redding #11575 (ITI, PR) - Fiscal Policy and the Term Structure of Interest Rates
Qiang Dai and Thomas Philippon #11574 (AP, EFG) - The Economics of Fraudulent Accounting
Simi Kedia and Thomas Philippon #11573 (AP, EFG) - Why Does the Average Price of Tuna Fall During Lent?
Aviv Nevo and Konstantinos Hatzitaskos #11572 (IO) - Wake Up and Smell the Ginseng: The Rise of Incremental Innovation in Low-Wage Countries
Diego Puga and Daniel Trefler #11571 (ITI, PR, ENT) - Diversity and Redistribution
Raquel Fernandez and Gilat Levy #11570 (PE, POL) - Fertility: The Role of Culture and Family Experience
Raquel Fernandez and Alessandra Fogli #11569 (CH, ED, LS) - The Impact of Child SSI Enrollment on Household Outcomes: Evidence from the Survery of Income and Program Participation
Mark Duggan and Melissa Kearney #11568 (CH, ED, HC, PE) - Biology as Destiny? Short and Lnog-Run Determinants of Intergenerational Trasmission of Birth Weight
Janet Currie and Enrico Moretti #11567 (CH, ED, LS) - The Economics of Workaholism: We Should Not Have Worked on This Paper
Daniel S. Hamermesh and Joel Slemrod #11566 (LS, PE) - Collateral Damage: Trade Disruption and the Economic Impact of War
Reuven Glick and Alan M. Taylor #11565 (DAE, ITI, ENS) - The Returns on Human Capital: Good News on Wall Street is Bad News on Main Street
Hanno Lustig and Sitjn Van Nieuwerburgh #11564 (AP, EFG) - From World banker to Venture Capitalist: US External Adjustment and the Exorbitant Privilege
Pierre-Olivier Gourinchas and Helene Rey #11563 (EFG, IFM) - The Incredible Volcker Disinflation
Marvin Goodfriend and Robert King #11562 (EFG, ME) - Is Academic Science Driving a Surge in Industrial Innovation? Evidence from Patent Citations
Lee Branstetter and Yoshiaki Ogura #11561 (PR, HEd) - Borrowing Constraints and Consumption Behavior in Japan
Midori Wakabayashi and Charles Yuji Horioka #11560 (EFG) - Solving Models with External Habits
Jessica A. Wachter #11559 (AP)
Week of August 08, 2005
- Work Disability is a Pain in the *****, Especially in England, the Netherlands, and the United States
James Banks, Arie Kapteyn, James P. Smith and Arthur van Soest #11558 (AG, HC) - Real Output in Mental Health Care During the 1990s
Ernst R. Berndt, Alisa B. Busch, Richard G. Frank and Sharon-Lise Normand #11557 (HC, PR) - The Highest Price Ever: the Great NYSE Seat Sale of 1928-1929 and Capacity Constraints
Lance E. Davis, Larry Neal and Eugene N. White #11556 (DAE, MM) - Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?
Lucia Foster, John Haltiwanger and Chad Syverson #11555 (EFG, PR) - $100 Bills on the Sidewalk: Suboptimal Saving in 401(k) Plans
James Choi, David Laibson and Brigitte Madrian #11554 (AG, EFG, PE) - Vehicle Choices, Miles Driven, and Pollution Policies
Ye Feng, Don Fullerton and Li Gan #11553 (PE, EE) - The Diffusion of Mexican Immigrants During the 1990s: Explanations and Impacts
David Card and Ethan G. Lewis #11552 (LS) - The Marginal Product of Capital
Francesco Caselli and James Feyrer #11551 (EFG) - Globalization and Emerging Markets: With or Without Crash?
Helene Rey and Philippe Martin #11550 (IFM, ITI) - The Formation and Evolution of Physician Treatment Styles: An Application to Cesarean Sections
Andrew Epstein and Sean Nicholson #11549 (HC) - Apparel Prices 1914-93 and the Hulten/Brueghel Paradox
Robert J. Gordon #11548 (DAE, EFG) - Is the New Immigration Really So Bad?
David Card #11547 (CH, ED, LS)
Week of August 01, 2005
- An Empirical Model of Growth Through Product Innovation
Dale T. Mortensen and Rasmus Lentz #11546 (EFG) - The Methods and Careers of Leadnig American Painters in the Late Nineteenth Century
David W. Galenson #11545 (LS, PR) - Earnings Functions, Rates of Return and Treatment: The Mincer Equation and Beyond
James J. Heckman, Lance J. Lochner and Petra E. Todd #11544 (LS) - The Dot-Com Bubble, the Bush Deficits, and the U.S. Current Account
Jaume Ventura and Aart Kraay #11543 (EFG, IFM, PE) - Academic Freedom, Private-Sector Focus, and the Process of Innovation
Philippe Aghion, Mathias Dewtriapont and Jeremy C. Stein #11542 (CF, EFG, PR) - Is The U.S. Current Account Deficit Sustainable? And If Not, How Costly is Adjustment Likely To Be?
Sebastian Edwards #11541 (IFM) - Competition and Productivity in Japanese Manufacturing Industries
Yosuke Okada #11540 (PR) - The Collection Efficiency of the Value Added Tax: Theory and International Evidence
Joshua Aizenman, Yothin Jinjarak #11539 (ITI, PE) - Do Macro Variables, Asset Marketsm or Surveys Forecast Inflation Better?
Andrew Ang, Geert Bekaert and Min Wei #11538 (EFG, AP) - Social Value of Public Information: Morris and Shin (2002) is Actualy Pro Transparency, not Con
Lars E.O. Svensson #11537 (ME) - Economic Analysis of Corporate and Personal Bankruptcy Law
Michelle J. White #11536 (LE) - Incentive and Prosocial Behavior
Roland Benabou and Jean Tirole #11535 (PE) - How Do House Prices Affect Consumption? Evidence from Micro Data
John Y. Campbell and Joao F. Cocco #11534 (EFG, ME, AP)
Week of July 25, 2005
- Notes for a Contingent Claims Theory of Limit Order Markets
Bruce N. Lehmann #11533 (AP) - Digital Rights and the Pricing of Digital Products
Yooki Park and Suzanne Scotchmer #11532 (LE, PR) - Why Do Politicians Delegate?
Alberto Alesina and Guido Tabellini #11531 (ME, PE) - How Do Friendships Form?
Bruce Sacerdote and David Marmaros #11530 (CH) - Health Insurance and the Obesity Externality
Jay Bhattacharya and Neeraj Sood #11529 (HE) - The Anatomy of Start-Stop Growth
Benjamin F. Jones and Benjamin A. Olken #11528 (EFG) - Mexican Entrepreneurship: A Comparison of Self-Employment in Mexico and the United States
Robert Fairlie and Christopher Woodruff #11527 (ITI, LS) - Dumb Money: Mutual Fund Flows and the Cross-Section of Stock Returns
Andrea Frazzini and Owen A. Lamont #11526 (CF, AP) - Antitrust in Innovative Industries
Ilya Segal and Michael Whinston #11525 (IO) - The International Dynamics of R&D and Innovation in the Short and in the Long Run
Laura Bottazzi and Giovanni Peri #11524 (ITI, PR) - Monetary Policy Under Uncertainty in Micro-Founded Macroeconometric Models
Andrew T. Levin, Alexei Onatski, John C. Williams and Noah Williams #11523 (EFG, ME) - The Impact of Child Support Enforcement on Fertility, Parental Investment and Child Well-Being
Anna Aizer and Sara McLanahan #11522 (CH) - A Primer on Real Effective Exchange Rates: Determinants, Overvaluation, Trade Flows, and Competitive Devaluation
Menzie D. Chinn #11521 (IFM) - Savings Gluts and Interest Rates: The Missing Link to Europe
Michael P. Dooley, David Folkerts-Landau and Peter M. Garber #11520 (IFM, LE) - Evaluating Labor Market Reforms: A General Equilibrium Approach
Cesar Alonso-Borrego, Jesus Fernandez-Villaverde and Jose E. Galdon-Sanchez #11519 (EFG) - Behavioral Public Economics: Welfare and Policy Analysis with Non-Standard Decision Makers
B. Douglas Bernheim and Antonio Rangel #11518 (HE, PE) - Regime-Switching Behavior of the Term Structure of Forward Markets
Elena Tchernykh and William H. Branson #11517 (IFM) - Do Stronger Intellectual Property Rights Increase International Technology Transfer? Empirical Evidence from U.S. Firm-Level Data
Lee Branstetter, Raymond Fisman and C. Fritz Foley #11516 (ITI, PR)
Week of July 18, 2005
- How the Internet Lowers Prices: Evidence from Matched Survey and Autp Transaction Data
Florian Zettelmeyer, Fiona Scott Morton and Jorge Silva-Risso #11515 (IO) - Information and Consumer Choice: The Value of Publicized Health Plan Ratings
Ginger Zhe Jin and Alan T. Sorensen #11514 (IO) - Aid and Growth: What Does the Cross-Country Evidence Really Show?
Raghuram G. Rajan and Arvnid Subramanian #11513 (IFM) - Gender and Assimilation Among Mexiacn Americans
Francine D. Blau and Lawrence M. Kahn #11512 (CH, ED, LS) - Inequality
Edward L. Glaeser #11511 (IFM, PE) - Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?
Menzie Chinn and Jeffrey Frankel #11510 (IFM) - Future Prices in a Production Economy with Investment Constraints
Leonid Kogan, Dmitry Livdan and Amir Yaron #11509 (AP) - Contractionary Currency Crashes in Developing Countries
Jeffrey A. Frankel #11508 (IFM) - Separate When Equal? Racial Inequality and Residential Segregation
Patrick Bayer, Hanming Fang and Robert McMillan #11507 (ED, PE) - Matching and Price Competition
Jeremy Bulow and Jonathan Levin #11506 (IO) - Why Do Firms Become Widely Held? An Analysis of the Dynamics of Corporate Ownership
Jean Helwege, Christo Pirinsky and Rene M. Stulz #11505 (AG, AP) - The Changing Role of Auditors in Corporate Tax Planning
Edward L. Maydew and Douglas A. Shackelford #11504 (PE) - A Theory of Growth and Volatility at the Aggregate and Firm Level
Diego Comin and Sunil Mulani #11503 (EFG) - Law, Endowments, and Property Rights
Ross Levine #11502 (IFM, LE) - Toward Abstraction: Ranking European Painters of the Early Twentieth Century
David W. Galenson #11501 (LS) - Bank Concentration and Fragility: Impact and Mechanics
Thorsten Beck, Asli Demirguc-Kunt and Ross Levine #11500 (CF, IFM) - Is There a Diversification Discount in Financial Conglomerates?
Luc Laeven and Ross Levine #11499 (CF, IFM) - Bank Supervision and Corruption in Lending
Thorsten Beck, Asli Demirguc-Kunt and Ross Levine #11498 (IFM) - Are There Real Effects of Licensing on Academic Research? A Life Cycle View
Marie Thursby, Jerry Thursby and Swastika Mukherjee #11497 (PR) - The "News" View of Ecomonic Fluctuations: Evidence from Aggregate Japanese Data and Sectoral U.S. Data
Paul Beaudry and Franck Portier #11496 (EFG) - Inefficiency in Legislative Policy-Making: A Dynamic Analysis
Marco Battaglini and Stephen Coate #11495 (PE, POL)
Week of July 11, 2005
- What Do Parents Value in Education? An Empirical Investigation of Parents' Revealed Preferences for Teachers
Brian A. Jacob and Lars Lefgren #11494 (CH, ED) - Global Business Cycles and Credit Risk
M. Hashem Pesaran, Til Schuermann and Bjorn-Jakob Treutler #11493 (AP, CF) - Relative Price Volatility Under Sudden Stops: The Relevance of Balance Sheet Effects
Guillermo A. Calvo, Alejandro Izquierdo and Rudy Loo-Kung #11492 (HE) - Crime, Punishment, and Myopia
David S. Lee and Justin McCrary #11491 (LS) - Efficient Fiscal Policy and Amplification
mark Aguiar, Manuel Amador and Gita Gopinath #11490 (IFM, PE) - The Sensitivity of Homeowner Leverage to the Deductibility of Home Mortgage Interest
Patric H. Hendershott and Gwilym Pryce #11489 (AP, PE) - The Only Game in Town: Stock-Price Consequences of Local Bias
Harrison Hong, Jeffrey D. Kubik and Jeremy C. Stein #11488 (AP, CF) - Nonrenewable Resource Prices: Deterministic of Stochastic Trends?
Junsoo Lee, John A. List and Mark Strazicich #11487 (AP) - Filming Images or Filming Reality: The Life Cycles of Movie Directors from D.W. Griffith to Federico Fellini
David W. Galenson and Joshua Kotin #11486 (LS, PR) - Denial of Death and Economic Behavior
Wojciech Kopczuk and Joel Slemrod #11485 (AG, AP)
Week of July 4, 2005
- Inference with "Difference in Differences" with a Small Number of Policy Changes
Timothy Conley and Christopher Taber #T312 (TWP) - Political Competition and Economic Performance: Theory and Evidence from the United States
Timothy Besley, Torsten Persson and Daniel Sturm #11484 (PE) - Does Falling Smoking Lead to Rising Obesity?
Jonathan Gruber and Michael Frakes #11483 (HE) - Reexamining the Distribution of Wealth in 1870
Joshua L. Rosenbloom and Gregory W. Stutes #11482 (DAE) - Layoffs, Lemons, Race, and Gender
Luojia Hu and Christopher Taber #11481 (LS) - Momentum Profits and Macroeconomic Risk
Laura X.L. Xiu, Jerold B. Warner and Lu Zhang #11480 (AP) - Global Engagement and the Innovation Activities of Firms
Chiara Criscuolo, Jonathan E. Haskel and Matthew J. Slaughter #11479 (ITI, PR) - Mandated Disclosure, Stock Returns, and the 1964 Securities Acts Amendments
Michael Greenstone, Paul Oyer and Annette Vissing-Jorgensen #11478 (LE, AP) - The Empirical Risk-Return Relation: A Factor Analysis Approach
Sydney C. Ludvigson and Serena Ng #11477 (AP) - Socially Optimal Districting
Stephen Coate and Brian Knight #11476 (EFG, AP) - University Invention, Entrepreneurship, and Start-Ups
Celestine Chukumba and Richard Jensen #11475 (PR) - Do Women Shy Away From Competition? Do Men Compete Too Much?
Muriel Niederle and Lise Vesterlund #11474 (LS) - Long-Run Determinants of Inflation Differentials in a Monetary Union
Filippo Altissimo, Pierpaolo Benigno and Diego Rodriguez #11473 (EFG, IFM, ME) - Supersanctions and Sovereign Debt Repayment
Kris James Mitchener and Marc D. Weidenmier #11472 (DAE, IFM)
Week of June 27, 2005
- Heterogeneous Firms and Trade: Testable and Untestable Properties of the Melitz Model
Richard Baldwin #11471 (ITI) - Early Academic Science and the Birth of Industrial Research Laboratories in the U.S. Pharmaceutical Industry
Megan MacGravie and Jeffrey L. Furman #11470 (DAE, PR) - Taxation and the Evolution of Aggregate Corporate Ownership Concentration
Mihir A. Desai, Dhammika Dharmapala, and Winnie Fung #11469 (CF, PE) - Predicting the Equity Premium Out Of Sample: Can Anything Beat the Historical Average?
John Y. Campbell and Samuel B. Thompson #11468 (AP) - Implications of Dynamic Factor Models for VAR Analysis
James H. Stock and Mark W. Watson #11467 (EFG) - Spacey Parents: Spatial Autoregressive Patterns in Inbound FDI
Bruce A. Blonigen, Ronald B. Davies, Helen T. Naughton, and Glen R. Waddell #11466 (ITI) - Do Formal Intellectual Property Rights Hinder the Free Flow of Scientic Knowledge? An Empirical Test of the Anti-Commons Hypothesis
Fiona Murray and Scott Stern #11465 (IO, PR) - Affirmative Action and Its Mythology
Roland G. Fryer, Jr. and Glenn C. Loury #11464 (LS, PE) - Principals as Agents: Subjective Performance Measurements in Education
Brian A. Jacob and Lars Lefgren #11463 (CH, ED) - Socially Optimal Districting
Stephen Coate and Brian Knight #11462 (PE, POL) - Estimating Risk Preferences from Deductible Choice
Alma Cohen and Liran Einav #11461 (IO) - The Role of Patents for Bridging the Science to Market Gap
Thomas Hellmann #11460 (PR) - Investment-Based Underperformance Following Seasoned Equity Offerings
Evgeny Lyandres, Le Sun, and Lu Zhang #11459 (AP) - Organization and Inequality in a Knowledge Economy
Luis Garicano and Esteban Rossi-Hansberg #11458 (EFG) - Does Globalization of the Scientific/Engineering Workforce Threaten U.S. Economic Leadership
Richard B. Freeman #11457 (ED, ITI, LS, PR) - Mexican Immigration and Self-Selection: New Evidence from the 2000 Mexican Census
Pablo Ibarraran and Darren Lubotsky #11456 (LS) - Accounting for the Effect of Health on Economic Growth
David N. Weil #11455 (EFG, HE) - Labor Supply Effects of the Earned Income Tax Credit: Evidence from Wisconsin's Supplemental Benefit for Families with Three Children
Maria Cancian and Arik Levinson #11454 (LS, PE) - The Value of Peripatetic Economists: A Sesqui-Difference Evalutaion of Bob Gregory
Daniel S. Hamermesh #11453 (LS) - The Effects of Taxes on Market Responses to Dividend Announcements and Payments: What Can We Learn from the 2003 Dividend Tax Cut?
Raj Chetty, Joseph Rosenberg, and Emmanuel Saez #11452 (PE) - Managerial Skill Acquisition and the Theory of Economic Development
Paul Beaudry and Patrick Francois #11451 (EFG, LS) - Biomedical Acadmic Entrepreneurship Through the SBIR Program
Andrew A. Toole and Dirk Czarnitzki #11450 (PR, ENT) - The 2003 Dividend Tax Cuts and the Value of the Firm: An Event Study
Alan J. Auerbach and Kevin A. Hassett #11449 (PE) - A Note on the Empirical Implementation of Lens Condition
Andrew B. Bernard, Raymond Robertson, and Peter K. Schott #11448 (ITI) - The Influence of University Research on Industrial Innovation
Jinyoung Kim, Sangjoon John Lee, and Gerald Marshcke #11447 (PR)
Week of June 20, 2005
- Health Insurance Reform and HMO Penetration in the Small Group Market
Thomas C. Buchmueller #11446 (HC) - Race, Income, and College in 25 Years: The Continuing Legacy of Segregation and Discrimination
Alan Krueger, Jesse Rothstein, and Sarah Turner #11445 (ED, PE) - Optimal Trading Strategy and Supply/Demand Dynamics
Anna Obizhaeva and Jiang Wang #11444 (AP) - The Growth of Executive Pay
Lucian Bebchuk and Yaniv Grinstein #11443 (CF, LS) - The Risks of Financial Institutions
Mark Carey and Rene M. Stulz #11442 (AP, CF) - Multifrequency News and Stock Returns
Laurent E. Calvet and Adlai J. Fisher #11441 (AP, EFG) - Wealth Transfers, Contagion, and Portfolio Constraints
Anna Pavlova and Roberto Rigobon #11440 (IFM) - Caught On Tape: Institutional Order Flow and Stock Returns
John Y. Campbell, Tarun Ramadorai, and Tuomo O. Vuolteenaho #11439 (AG) - The Incidence of Pollution Control Policies
Ian W.H. Parry, Hilary Sigman, Margaret Walls, and Roberton C. Williams III #11438 (PE) - Crafting A Class: The Trade Off Between Merit Scholarships and Enrolling Lower-Income Students
Ronald G. Ehrenberg, Liang Zhang, and Jared Levin #11437 (ED, LS) - Firms' Demand for Employment-Based Mental Health Benefits
Judith Shinogle and David Salkever #11436 (HC) - Age, Women, and Hiring: An Experimental Study
Joanna Lahey #11435 (LS) - Capital Controls, Exchange Rate Volatility and External Vulnerability
Sebastian Edwards #11434 (IFM) - Prenatal Drug Use and the Production of Infant Health
Kelly Noonan, Nancy E. Reichaman, Hope Corman, and Dhaval Dave #11433 (HE) - Regional Economic Development and Mexican Out-Migration
Kurt Unger #11432 (ITI, LS) - Generic Scrip Share and the Price of Brand-Name Drugs: The Role of the Consumer
John A. Rizzo and Richard Zeckhauser #11431 (HC, IO) - Sunk Costs and Real Options in Antitrust
Robert S. Pindyck #11430 (IO) - Establishing Credibility: The Role of Foreign Advisors
Sebastian Edwards #11429 (IFM) - Impacts of Policy Reforms on Labor Migration From Rural Mexico to the United States
Susan M. Richter, J. Edward Taylor, and Antonio Naude #11428 (ITI, LS)
Week of June 13, 2005
- Two-Sample Instrumental Variables Estimators
Atsushi Inoue and Gary Solon #T311 (TWP) - A Portmanteau Test for Serially Correlated Errors in Fixed Effects Models
Atsushi Inoue and Gary Solon #T310 (TWP) - Death and the City: Chicago's Mortality Transition, 1850-1925
Joseph P. Ferrie and Werner Troesken #11427 (DAE) - Investor Competence, Trading Frequency, and Home Bias
John R. Graham, Campbell R. Harvey, and Hai Huang #11426 (AP) - Opportunities for Improving the Drug Development Process: Results from a Survey of Industry and the FDA
Ernst R. Berndt and Adrian H. B. Gottschalk #11425 (HC, PR) - Determinants of Vertical Integration: Finance, Contracts, and Regulation
Daron Acemoglu, Simon Johnson, and Todd Mitton #11424 (CF, IO) - Ethnic Identification, Intermarriage, and Unmeasured Progress by Mexican Americans
Brian Duncan and Stephen J. Trejo #11423 (LS) - Dating Business Cycle Turning Points
Marcelle Chauvet and James D. Hamilton #11422 (EFG) - Are Durable Goods Consumers Forward Looking? Evidence from College Textbooks
Judith Chevalier and Austan Goolsbee #11421 (IO) - Do Report Cards Tell Consumers Anything They Don't Already Know? The Case of Medicare HMOs
Leemore S. Dafny and David Dranove #11420 (AG, HC) - Can Ranking Hospitals on the Basis of Patients' Travel Distances Improve Quality of Care?
Daniel P. Kessler #11419 (HC) - International Outsourcing and Incomplete Contracts
Barbara J. Spencer #11418 (ITI) - Optimal Fiscal Policy in a Medium-Scale Macroeconomic Model: Expanded Version
Stephanie Schmitt-Grohé and Martín Uribe #11417 (EFG, ME) - Happiness and the Human Development Index: The Paradox of Australia
David G. Blanchflower and Andrew J. Oswald #11416 (LS, BE) - They Don't Invent Them Like They Used To: An Examination of Energy Patent Citations Over Time
David Popp #11415 (PR) - Zero Returns to Compulsory Schooling in Germany: Evidence and Interpretation
Jörn-Steffen Pischke and Till von Wachter #11414 (LS) - Liquidity and Expected Returns: Lessons From Emerging Markets
Geert Bekaert, Campbell R. Harvey, and Christian Lundblad #11413 (AP
Week of June 6, 2005
- The Impact of State Physical Education Requirements on Youth Physical Activity and Overweight
John Cawley, Chad D. Meyerhoefer, and David Newhouse #11411 (HE) - What Do Unions Do?: The 2004 M-Brane Stringtwister Edition
Richard B. Freeman #11410 (LS) - Employee Sentiment and Stock Option Compensation
Nittai K. Bergman and Dirk Jenter #11409 (CF) - Inequality, Social Discounting and Estate Taxation
Emmanuel Farhi and Ivan Werning #11408 (EFG, PE) - Tying, Upgrades, and Switching Costs in Durable-Goods Markets
Dennis W. Carlton and Michael Waldman #11407 (IO) - Alternative Methods of Price Indexing Social Security: Implications for Benefits and System Financing
Andrew G. Biggs, Jeffrey R. Brown, and Glenn Springstead #11406 (AG, PE) - The Value of Health and Longevity
Kevin M. Murphy and Robert H. Topel #11405 (EFG, HE, LS) - Importers, Exporters, and Multinationals: A Portrait of Firms in the U.S. that Trade Goods
Andrew B. Bernard, J. Bradford Jensen, and Peter K. Schott #11404 (ITI) - FDI and Trade - Two Way Linkages?
Joshua Aizenman and Ilan Noy #11403 (ITI) - Efficient Kidney Exchange: Coincidence of Wants in a Structured Market
Alvin E. Roth, Tayfun Sonmez, and M. Utku Unver #11402 (HE) - Real Business Cycle Models: Past, Present, and Future
Sergio Rebelo #11401 (EFG) - Investor Attention, Overconfidence and Category Learning
Lin Peng and Wei Xiong #11400 (AP) - Corruption, Inequality and Fairness
Alberto Alesina and George-Marios Angeletos #11399 (PE) - Urban Colossus: Why is New York America's Largest City?
Edward L. Glaeser #11398 (EFG) - Equilibrium Impotence: Why the States and Not the American National Government Financed
John Joseph Wallis and Barry R. Weingast #11397 (DAE, PE) - Party Discipline and Pork-Barrel Politics
Gene M. Grossman and Elhanan Helpman #11396 (IFM, ITI, PE)
Week of May 30, 2005
- A, B, C's (and D)'s for Understanding VARs
Jesús Fernández-Villaverde, Juan Rubio-Ramirez, and Thomas J. Sargent #T308 (TWP) - Price and the Health Plan Choices of Retirees
Thomas C. Buchmueller #11395 (HE) - Evaluating the Role of Brown vs. Board of Education in School Equalization, Desgregation, and the Income of African Americans
Orley Ashenfelter, William J. Collins, and Albert Yoon #11394 (ED, LS) - Market Size, Trade, and Productivity
Marc J. Melitz and Gianmarco I. P. Ottaviano #11393 (ITI) - Optimal Policy Projections
Lars E. O. Svensson and Robert J. Tetlow #11392 (EFG, IFM, ME) - Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies
Viral V. Acharya, Heitor Almeida, and Murillo Campello #11391 (CF) - Assigning Deviant Youths to Minimize Total Harm
Philip J. Cook and Jens Ludwig #11390 (HE, CH) - Growth or Glamour? Fundamentals and Systematic Risk in Stock Returns
John Y. Campbell, Christopher Polk, and Tuomo Vuolteenaho #11389 (AP)
Week of May 23, 2005
- The Rise in Firm-Level Volatility: Causes and Consequences
Diego Comin and Thomas Philippon #11388 (EFG) - India's Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Deficit
Ajay Shah and Ila Patnaik #11387 (IFM) - A General Formula for the Optimal Level of Social Insurance
Raj Chetty #11386 (LS, PE) - Venture Capital Investment Cycles: The Impact of Public Markets
Paul Gompers, Anna Kovner, Josh Lerner, and David Scharfstein #11385 (PR, AP, CH) - Incomes in South Africa Since the Fall of Apartheid
Murray Leibbrandt, James Levinsohn, and Justin McCrary #11384 (ITI, LS) - Historical Perspective on Global Imbalances
Michael D. Bordo #11383 (DAE, ME) - International Borrowing, Capital Controls and the Exchange Rate: Lessons from Chile
Kevin Cowan and Jose De Gregorio #11382 (IFM) - South Korea's Experience with International Capital Flows
Marcus Noland #11381 (IFM) - Ultra High Frequency Volatility Estimation with Dependent Microstructure Noise
Yacine Ait-Sahalia, Per A. Mykland, and Lan Zhang #11380 (AP) - Hospital Integration and Vertical Consolidation: An Analysis of Acquisitions in New York State
Robert S. Huckman #11379 (HE) - An Investigation of the Effects of Alcohol Consumption and Alcohol Policies on Youth Risky Sexual Behaviors
Sara Markowitz, Robert Kaestner, and Michael Grossman #11378 (HE, CH) - Religious Market Structure, Religious Participation, and Outcomes: Is Religion Good For You?
Jonathan Gruber #11377 (LS, PE) - Does Corporate Ownership Matter? Service Provision in the Hospital Industry
Jill R. Horwitz #11376 (HE) - A Simple Scheme to Improve the Efficiency of Referenda
Alessandra Casella and Andrew Gelman #11375 (PE) - Fiscal Remedies for Japan's Slump
Laurence Ball #11374 (EFG, ME, PE) - Productivity, Efficiency, Scale Economies and Technical Change: A New Decomposition Analysis of TFP Applied to the Japanese Prefectures
Jiro Nemota and Mika Goto #11373 (PR) - The Microeconomic Evidence on Capital Controls: No Free Lunch
Kristin J. Forbes #11372 (IFM) - Lobbying Competition Over US Trade Policy
Kishore Gawande and Pravin Krishna #11371 (ITI) - What Matters for Financial Development? Capital Controls, Institutions, and Interactions
Menzie D. Chinn and Hiro Ito #11370 (IFM) - Capital Flows and Exchange Rate Volatility: Singapore's Experience
Basant K. Kapur #11369 (IFM) - A Theory of Pyramidal Ownership and Family Business Groups
Hietor Almeida and Daniel Wolfenzon #11368 (CF)
Week of May 16, 2005
- Asset Float and Speculative Bubbles
Harrison Hong, Jose Scheinkman, and Wei Xiong #11367 (AP) - International Reserves: Precautionary versus Mercantilist Views, Theory and Evidence
Joshua Aizenman and Jaewoo Lee #11366 (IFM, ITI) - The International Exposure of U.S. Banks
Linda S. Goldberg #11365 (IFM) - Eat or Be Eaten: A Theory of Mergers and Merger Waves
Gary Gorton, Matthias Kahl, and Richard Rosen #11364 (CF) - Bank Credit Cycles
Gary Gorton and Ping He #11363 (CF, ME) - Speculative Trading and Stock Prices: Evidence from Chinese A-B Share Premia
Jianping Mei, Jose Scheinkman, and Wei Xiong #11362 (AP) - Optimism and Economic Choice
Manju Puri and David Robinson #11361 (AP, CF) - The Burden of Knowledge and the ‘Death of the Renaissance Man': Is Innovation Getting Harder?
Benjamin F. Jones #11360 (PR) - Age and Great Invention
Benjamin F. Jones #11359 (PR) - A Proposed Method for Monitoring U.S. Population Health: Linking Symptoms, Impairments, Chronic Conditions, and Health Ratings
Susan T. Stewart, Rebecca M. Woodward, and David M. Cutler #11358 (HE) - Asset Fire Sales (and Purchases) in Equity Markets
Joshua D. Coval and Erik Stafford #11357 (AP) - Contracts and the Division of Labor
Daron Acemoglu, Pol Antras, and Elhanan Helpman #11356 (EFG, PR) - The Opium Wars, Opium Legalization, and Opium Consumption in China
Jeffrey A. Miron and Chris Feige #11355 (HE, ITI) - The Sources of the Productivity Rebound and the Manufacturing Employment Puzzle
William Nordhaus #11354 (EFG, PR) - International Borrowing and Macroeconomic Performance in Argentina
Kathryn M.E. Dominguez and Linda L. Tesar #11353 (IFM) - Studying Texts: A Gemara of the Israeli Economy
Michael W. Klein #11352 (EFG, IFM, ITI) - Monopoly-Creating Bank Consolidation? The Merger of Fleet and BankBoston
Charles W. Calomiris and Thanavut Pornrojnangkool #11351 (IO) - Venture Capital as Human Resource Management
Antonio Gledson de Carvalho, Charles W. Calomiris, and Joao Amaro de Matos #11350 (CF, DAE, LS) - Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment
Philippe Aghion, George-Marios Angeletos, Abhijit Banerjee, and Kalina Manova #11349 (EFG) - The Determinants of Faculty Patenting Behavior: Demographics or Opportunities
Pierre Azoulay, Waverly Ding, and Toby Stuart #11348 (PR) - School Quality, Neighborhoods and Housing Prices: The Impacts of School Desegregation
Thomas J. Kane, Douglas O. Stiager, and Stephanie K. Riegg #11347 (ED, LS) - What Remains from the Volcker Experiment?
Benjamin M. Friedman #11346 (ME) - Adjustment in Property Space Markets: Estimates from the Stockholm Office Market
Peter Englund, Ake Gunnelin, Patric H. Hendershott, and Bo Soderberg #11345 (AP) - The Worldwide Economic Impact of the Revolutionary and Napoleonic Wars
Kevin H. O'Rourke #11344 (DAE) - Gender, Body Mass and Economic Status
Dalton Conley and Rebecca Glauber #11343 (HE)
Week of May 9, 2005
- The Effects of Living Wage Laws: Evidence from Failed and Derailed Living Wage Campaigns
Scott Adams and David Neumark #11342 (LS) - The Simple Geometry of Transmission and Stabilization in Closed and Open Economies
Giancarlo Corsetti and Paolo Pesenti #11341 (IFM) - New-Keynesian Macroeconomics and the Term Structure
Geert Bekaert, Seonghoon Cho, and Antonio Moreno #11340 (ME, AP) - Trade Responses to Geographic Frictions: A Decomposition Using Micro-Data
Russell Hillberry and David Hummels #11339 (ITI) - The Wage Curve Reloaded
David G. Blanchflower and Andrew J. Oswald #11338 (LS) - Adolescent Drinking and High School Dropout
Pinka Chatteji and Jeff DeSimone #11337 (HE, CH) - Sterling's Past, Dollar's Future: Historical Perspective on Reserve Currency Competition
Barry Eichengreen #11336 (DAE, ITI) - Is China's FDI Coming at the Expense of Other Countries?
Barry Eichengreen and Hui Tong #11335 (ITI) - An Empirical Analysis of ‘Acting White'
Roland G. Fryer, Jr. and Paul Torelli #11334 (LS) - Banker Fees and Acquisition Premia for Targets in Cash Tender Offers: Challenges to the Popular Wisdom on Banker Conflicts
Charles W. Calomiris and Donna M. Hitscherich #11333 (CF) - Faith-Based Charity and Crowd Out During the Great Depression
Jonathan Gruber and Daniel M. Hungerman #11332 (AG, HE, PE)
Week of May 2, 2005
- Threshold Crossing Models and Bounds on Treatment Effects: A Nonparametric Analysis
Azeem Shaikh and Edward Vytlacil #T307 (TWP) - Interpreting the Evidence on Life Cycle Skill Formation
Flavio Cunha, James J. Heckman, Lance Lochner, and Dimitriy V. Masterov #11331 (ED, LS, CH) - The Role of Collateralized Household Debt in Macroeconomic Stabilization
Jeffrey R. Campbell and Zvi Hercowitz #11330 (EFG) - Evidence on Rationality in Commercial Property Markets: An Interpretation and Critique
Patric H. Hendershott, Robert J. Hendershott, and Bryan D. MacGregor #11329 (AP, PE) - Myopic Matrimony and Dropout Decisions: Evidence Using State Laws for Marriage, Schooling, and Work
Gordon B. Dahl #11328 (LS, CH) - Forsaking All Others? The Effects of "Gay Marriage" on Risky Sex
Thomas S. Dee #11327 (HE) - The Value Spread as a Predictor of Returns
Naiping Liu and Lu Zhang #11326 (AP) - Addressing the Needs of Under-Prepared Students in Higher Education: Does College Remediation Work?
Eric P. Bettinger and Bridget Terry Long #11325 (ED) - The End of American Exceptionalism? Mobility in the U.S. Since 1850
Joseph P. Ferrie #11324 (DAE, LS) - Expected Returns, Yield Spreads, and Asset Pricing Tests
Murillo Campbello, Long Chen, and Lu Zhang #11323 (AP) - Anomalies
Lu Zhang #11322 (AP) - Patents, Price Controls and Access to New Drugs: How Policy Affects Global Market Entry
Jean O. Lanjouw #11321 (PR) - Sibling Similarity and Difference in Socioeconomic Status: Life Course and Family Resource Effects
Dalton Conley and Rebecca Glauber #11320 (HE, LS) - Volatility in an Era of Reduced Uncertainty: Lessons from Pax Britannica
William O. Brown, Richard C. K. Burdekin, and Marc D. Weidenmier #11319 (DAE, AP) - Measuring the Impact of Crack Cocaine
Roland G. Fryer, Paul S. Heaton, Steven D. Levitt, and Kevin M. Murphy #11318 (HE, LS, LE, CH) - Judicial Lobbying: The Politics of Labor Law Constitutional Interpretation
Matias Iaryczower, Pablo Spiller, and Mariano Tommasi #11317 (LE) - The Determinants of the Willingness to be an Organ Donor
Naci Mocan and Erdal Tekin #11316 (HE) - Employee-Cost Sharing and the Welfare Effects of Flexible Spending Accounts
William Jack, Arik Levinson and Sjamsu Rahardja #11315 (HE, PE) - Has US Monetary Policy Changed? Evidence from Drifting Coefficients and Real-Time Data
Jean Boivin #11314 (ME) - Measuring and Interpreting Expectations of Equity Returns
Jeff Dominitz and Charles F. Manski #11313 (EFG) - Real-Time Price Discovery in Stock, Bond and Foreign Exchange Markets
Torben G. Andersen, Tim Bollerslev, Francis X. Diebold, and Clara Vega #11312 (AP) - The General Equilibrium Incidence of Environmental Taxes
Don Fullerton and Garth Heutel #11311 (PE) - Rare Events and the Equity Premium
Robert J. Barro #11310 (EFG, ME, AP) - Does Voting technology Affect Election Outcomes? Touch-screen Voting and the 2004 Presidential Election
David Card and Enrico Moretti #11309 (LS)
Week of April 25, 2005
- The Great Escape: A Review Essay on Fogel's "The Escape from Hunger and Premature Death, 1700-2100"
Angus Deaton #11308 (AG, HE, CH) - Measuring the Implications of Sales and Consumer Inventory Behavior
Igal Hendel and Aviv Nevo #11307 (IO) - The Chinese Approach to Capital Inflows: Patterns and Possible Explanations
Eswar Prasad and Shang-Jin Wei #11306 (IFM, ITI) - Crises in Emerging Market Economies: A Global Perspective
Guillermo A. Calvo #11305 (IFM) - Employment-Contingent Health Insurance, Illness, and Labor Supply of Women: Evidence from Married Women with Breast Cancer
Cathy J. Bradley, David Neumark, Zhehui Luo, and Heather L. Benarek #11304 (HE, LS) - The Incidence of the Healthcare Costs of Obesity
Jay Bhattacharya and M. Kate Bundorf #11303 (HE, LS) - Parental Educational Investment and Children's Academic Risk: Estimates of the Impact of Sibship Size and Birth Order from Exogenous Variation in Fertility
Dalton Conley and Rebecca Glauber #11302 (ED, HE, CH) - Net Capital Flows and Productivity: Evidence from U.S. States
Sebnem Kalemli-Ozcan, Ariell Reshef, Bent E. Sorensen, and Oved Yosha #11301 (IFM, ITI) - The Life-Cycle Personal Accounts Proposal for Social Security: A Review
Robert J. Shiller #11300 (EFG, AG, PE) - A Review of the Empirical Literature on FDI Determinants
Bruce A. Blonigen #11299 (ITI) - From the Webbs to the Web: the Contribution of the Internet to Reviving Union Fortunes
Richard B. Freeman #11298 (LS) - The Time-Series Properties of Aggregate Consumption: Implications for the Costs of Fluctuations
Ricardo Reis #11297 (EFG, ME) - A Global View of Economic Growth
Jaume Ventura #11296 (EFG, ITI) - Is the Melting Pot Still Hot? Explaining the Resurgence of Immigrant Segregation
David M. Cutler, Edward L. Glaeser, and Jacob L. Vigdor #11295 (DAE, LS) - Why Do Public Firms Issue Private and Public Securities?
Armando Gomes and Gordon Phillips #11294 (CF) - A Quantitative Model of Sudden Stops and External Liquidity Management
Ricardo J. Caballero and Stavros Panageas #11293 (EFG, IFM) - Contractibility and the Design of Research Agreements
Josh Lerner and Ulrike Malmendier #11292 (CF, PR) - Branch Banking, Bank Competition, and Financial Stability
Mark Carlson and Kris James Mitchener #11291 (DAE, ME) - Social Security Programs and Retirement around the World: Fiscal Implications, Introduction and Summary
Jonathan Gruber and David Wise #11290 (AG, PE) - My Policies or Yours: Have OECD Agricultural Policies Affected Incomes in Developing Countries
Nava Ashraf, Margaret McMillan, and Alix Peterson Zwane #11289 (ITI) - Advanced Purchase Commitments for a Malaria Vaccine: Estimating Costs and Effectiveness
Ernst R. Berndt, Rachel Glennerster, Michael R. Kremer, Jean Lee, Ruth Levine, Georg Weizsacker, and Heidi Williams #11288 (HE, PR) - Lucky Stores, Gambling, and Addiction: Empirical Evidence from State Lottery Sales
Jonathan Guryan and Melissa S. Kearney #11287 (PE) - Labour Market Institutions Without Blinders: The Debate over Flexibility and Labour Market Performance
Richard B. Freeman #11286 (LS) - Understanding and Comparing Factor-Based Forecasts
Jean Boivin and Serena Ng #11285 (EFG, ME) - Contracts, Holdup, and Legal Intervention
Steven Shavell #11284 (LE) - Conditional Policies in General Equilibrium
Kala Krishna #11283 (ITI)
Week of April 18, 2005
- Structural Equations, Treatment Effects and Econometric Policy Evaluation
James J. Heckman and Edward Vytlacil #T306 (TWP) - Rockonomics: The Economics of Popular Music
Marie Connolly and Alan B. Krueger #11282 (IO, LS) - The Evolution of the Mexican-Born Workforce in the United States
George J. Borjas and Lawrence F. Katz #11281 (LS) - Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches
Mitchell A. Petersen #11280 (AP, CF) - The Impact of Family Income on Child Achievement
Gordon B. Dahl and Lance Lochner #11279 (CH. LS, PE) - Work and Leisure in the U.S. and Europe: Why So Different?
Alberto Alesina, Edward Glaeser, and Bruce Sacerdote #11278 (EFG, LS, PE) - Boys Named Sue: Disruptive Children and their Peers
David N. Figlio #11277 (CF, EFG) - Taylor Rules, McCallum Rules and the Term Structure of Interest Rates
Michael F. Gallmeyer, Burton Hollifield, and Stanley E. Zin #11276 (AP, ME) - Politics and Economics in Weak and Strong States
Daron Acemuglu #11275 (EFG) - On the Renminbi: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate
Jeffrey Frankel #11274 (IFM)
Week of April 11, 2005
- Pork for Policy: Executive and Legislative Exchange in Brazil
Lee J. Alston and Bernardo Mueller #11273 (IFM) - Effective Exchange Rate Classifications and Growth
Justin M. Dubas, Byung-Joo Lee, and Nelson C. Mark #11272 (IFM) - Betting on Death and Capital Markets in Retirement: A Shortfall Risk Analysis of Life Annuities
Ivica Dus, Raimond Maurer, and Olivia S. Mitchell #11271 (AG, LS) - Overconfidence vs. Market Efficiency in the National Football League
Cade Massey and Richard H. Thaler #11270 (AP, CF, LS) - Protection for Sale with Imperfect Rent Capturing
Giovanni Facchini, Johannes Van Biesebroeck, and Gerald Willman #11269 (ITI, PR) - Culture: An Empirical Investigation of Beliefs, Work, and Fertility
Raquel Fernandez and Alessandra Fogli #11268 (EFG, LS) - Tax Structure in Developing Countries: Many Puzzles and a Possible Explanation
Roger Gordon and Wei Li #11267 (PE) - British Investment Overseas 1870-1913: A Modern Portfolio Theory Approach
William N. Goetzmann and Andrey D. Ukhov #11266 (AP, IFM, PR) - The Evolution of Precedent
Nicola Gennaioli and Andrei Shleifer #11265 (LE) - An Alternative Test of Racial Prejudice in Motor Vehicle Searches
Shamena Anwar and Hanming Fang #11264 (PE)
Treatment Effect Bounds: An Application to Swan-Ganz Catherization
Jay Bhattacharya, Azeeem Shaikh, and Edward Vytlacil #11263 (HC) - Urban Structure and Growth
Esteban Rossi-Hansberg and Mark L.J. Wright #11262 (EFG) - Firm Dynamics in the Aggregate Economy
Esteban Rossi-Hansberg and Mark L.J. Wright #11261 (EFG)
Week of April 4, 2005
- School-to-Career and Post-Secondary Education: Evidence from the Philadelphia Educational Longitudinal Study
Frank F. Furstenberg, Jr. and David Neumark #11256 (CF) - Structural Equations, Treatment Effects and Econometric Policy Evaluation
James J. Heckman and Edward Vytlacil #11257 (EFG) - On the Measurement of Segregation
Federico Echenique and Roland G. Fryer, Jr. #11258 (ED, LS) - Prices, Production and Inventories over the Automotive Model Year
Adam Copeland, Wendy Dunn, and George Hall #11259 (ED, LS, PE, CH) - How Has Financial Modernization Affected Corporate Customers?
Kenneth A. Carow, Edward J. Kane, and Rajesh P. Narayanan #11260 (ED, LS, CH)
Week of March 28, 2005
- Trade Policy, Income Risk, and Welfare
Tom Krebs, Pravin Krishna, and William Maloney #11255 (ITI) - When Labor Has a Voice in Corporate Governance
Olubunmi Faleye, Vikas Mehrotra, and Randall Morck #11254 (CF, LS) - A Tale of Two Labor Markets: Intergenerational Occupational Mobility in Britain and the U.S. Since 1850
Jason Long and Joseph Ferrie #11253 (DAE) - Charter School Quality and Parental Decision Making with School Choice
Eric A. Hanushek, John F. Kain, Steven G. Rivkin, and Gregory F. Branch #11252 (ED, CH) - Technology Adoption From Hybrid Corn to Beta Blockers
Jonathan Skinner and Douglas Staiger #11251 (HE, PR) - Rethinking Social Insurance
Martin Feldstein #11250 (EFG, PE) - The Euro and the Stability Pact
Martin Feldstein #11249 (EFG, IFM, PE) - The Thick Market Effect on Local Unemployment Rate Fluctuations
Li Gan and Qinghua Zhang #11248 (LS) - Portfolio Choice over the Life-Cycle in the Presence of "Trickle Down" Labor Income
Luca Benzoni, Pierre Collin-Dufresne, and Robert S. Goldstein #11247 (AP) - Births, Deaths, and New Deal Relief during the Great Depression
Price V. Fishback, Michael R. Haines, and Shawn Kantor #11246 (DAE) - The Limited Influence of Unemployment on the Wage Bargain
Robert E. Hall and Paul R. Milgrom #11245 (EFG, LS) - Deflation and Monetary Policy in Taiwan
Ya-Hwei Yang and Jia-Dong Shea #11244 (IFM, ME) - Fear and Greed in Financial Markets: A Clinical Study of Day-Traders
Andrew W. Lo, Dmitry V. Repin, and Brett N. Steenbarger #11243 (AP) - Ex Ante Carrots instead of Ex Post Sticks
Joshua Aizenman #11242 (ITI) - Corporate Tax Avoidance and Firm Values
Mihir A. Desai and Dhammika Dharmapala #11241 (CF, PE) - What Do Wage Differentials Tell Us about Labor Market Discrimination?
June E. O'Neill and Dave M. O'Neill #11240 (LS) - Bargaining Power in a Marriage: Earnings, Wage Rates and Household Production
Robert A. Pollak #11239 (LS) - Suicidal Behavior and the Labor Market Productivity of Young Adults
Erdal Tekin and Sara Markowitz #11238 (HE, CH) - Deflation and the International Great Depression: A Productivity Puzzle
Harold L. Cole, Lee E. Ohanian, and Ron Leung #11237 (EFG) - Choosing Electoral Rules: Theory and Evidence from US Cities
Philippe Aghion, Alberto Alesina, and Francesco Trebbi #11236 (PE)
Week of March 21, 2005
- Constitutions, Politics and Economics: A Review Essay of Persson and Tabellini's "The Economic Effect of Constitutions"
Daron Acemoglu #11235 (EFG) - The Economic Winners and Losers of Legalized Gambling
Melissa S. Kearney 11234 (PE) - Changes in the Physiology of Aging during the Twentieth Century
Robert W. Fogel #11233 (AG, DAE) - Beyond Goods and Services: ASEAN Countries
O G Dayaratna Banda and John Whalley #11232 (ITI) - Time on the Ladder: Career Mobility in Agriculture 1890-1938
Lee J. Alston and Joseph P. Ferrie #11231 (DAE) - Changes in the Labor Supply Behavior of Married Women: 1980-2000
Francine D. Blau and Lawrence M. Kahn #11230 (LS) - Pharmaceutical Stock Price Reactions to Price Constraint Threats and Firm-Level R&D Spending
Joseph Golec, Shantaram Hegde, and John Vernon #11229 (HE, PR) - Globalization and Taste Convergence: The Case of Wine and Beer
Joshua Aizenman and Eileen L. Brooks #11228 (ITI) - A Damage-Revelation Rationale for Coupon Remedies
A. Mitchell Polinsky and Daniel L. Rubinfeld #11227 (LE) - The Effects of Competition on Variation in the Quality and Cost of Medical Care
Daniel P. Kessler and Jeffrey J. Geppert #11226 (HE, IO) - Pricing Capital Under Mandatory Unbundling and Facilities Sharing
Robert S. Pindyck #11225 (IO, AP) - SMEs, Growth, and Poverty
Thorsten Beck, Asli Demirguc-Kunt, and Ross Levine #11224 (EFG) - The Competitive Effects of Drug Withdrawals
John Cawley and John A. Rizzo #11223 (HE) - The Tactical and Strategic Value of Commodity Futures
Claude B. Erb and Campbell R. Harvey #11222 (AP) - The Structure of Factor Content Predictions
Daniel Trefler and Susan Chun Zhu #11221 (ITI) - An Information Approach to International Currencies
Richard K. Lyons and Michael J. Moore #11220 (IFM, AP)
Week of March 14, 2005
- Rural Windfall or a New Resource Curse? Coca Income, and Civil Conflict in Colombia
Joshua D. Angrist and Adriana Kugler #11219 (LS) - Socioeconomic Differences in the Adoption of New Medical Technologies
Dana Goldman and James P. Smith #11218 (HE) - The Labor Market Impact of High-Skill Immigration
George J. Borjas #11217 (LS) - Competition Among Public Schools: A Reply to Rothstein (2004)
Caroline M. Hoxby #11216 (ED, CH) - Does Competition Among Public Schools Benefit Students and Taxpayers? A Comment on Hoxby (2000)
Jesse Rothstein #11215 (CH) - Pitfalls of State-Dominated Financial System: The Case of China
Genevieve Boyreau-Debray and Shang-Jin Wei #11214 (CF, IFM) - Affirmative Action in Hierarchies
Suzanne Scotchmer #11213 (LS, LE) - Fluctuating Macro Policies and the Fiscal Theory
Troy Davig and Eric M. Leeper #11212 (EFG) - Attention, Demographics, and the Stock Market
Stefano DellaVigna and Joshua M. Pollet #11211 (LS, AP) - Asymmetric Crime Cycles
H. Naci Mocan and Turan G. Bali #11210 (PE) - Equivalence Results for Optimal Pass-Through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing
Charles Engel #11209 (IFM) - Belief in a Just World and Redistributive Politics
Roland Benabou and Jean Tirole #11208 (EFG, PE) - Health, Information, and Migration: Geographic Mobility of Union Army Veterans, 1860-1880
Chulhee Lee #11207 (LS) - Industrialization and Urbanization: Did the Steam Engine Contribute to the Growth of Cities in the United States?
Sukkoo Kim #11206 (DAE) - Income and Democracy
Daron Acemoglu, Simon Johnson, James A. Robinson, and Pierre Yared #11205 (EFG) - From Education to Democracy?
Daron Acemoglu, Simon Johnson, James A. Robinson, and Pierre Yared #11204 (EFG, LS) - Financing Cities
Robert Inman #11203 (PE) - Did Iraq Cheat the United Nations? Underpricing, Bribes, and the Oil for Food Program
Chang-Tai Hsieh and Enrico Moretti #11202 (EFG, PE) - Competition and Efficiency in Congested Markets
Daron Acemoglu and Asuman Ozdaglar #11201 (EFG. LS) - Systemic Risk and Hedge Funds
Nicholas Chan, Mila Getmansky, Shane M. Haas, and Andrew W. Lo #11200 (AP)
Week of March 7, 2005
- Slow Passthrough Around the World: A New Import for Developing Countries?
Jeffrey A. Frankel, David C. Parsley, and Shang-Jin Wei #11199 (ITI) - The IMF in a World of Private Capital Markets
Barry Eichengreen, Kenneth Kletzer, and Ashoka Mody #11198 (IFM, ITI) - Do Firms Go Public to Raise Capital?
Woojin Kim and Michael S. Weisbach #11197 (CF) - Corporate Taxation and Bilateral FDI with Threshold Barriers
Assaf Razin, Yona Rubinstein, and Efraim Sadka #11196 (IFM, ITI, PE) - Names, Expectations and the Black-White Test Score Gap
David N. Figlio #11195 (ED, CH) - Testing, Crime and Punishment
David N. Figlio #11194 (ED, CH) - Financial Market and the Real Economy
John H. Cochrane #11193 (EFG, AP) - Hospital Ownership Mix Efficiency in the US: An Exploratory Study
Rexford E. Santerre and John A. Vernon #11192 (HE) - Self-Fulfilling Currency Crises: The Role of Interest Rates
Christian Helliwig, Arijit Mukherji, and Aleh Tsyvinski #11191 (EFG, IFM) - Special Purpose Vehicle and Securitization
Gary Gorton and Nicholas Souleles #11190 (AP) - Strategic Bargaining Behavior, Self-Serving Biases, and the Role of Expert Agents: An Empirical Study of Final-Offer Arbitration
Orley Ashenfelter and Gordon Dahl #11189 (LS) - Volatility Forecasting
Torben G. Anderson, Tim Bollerslev, Peter F. Christoffersen, and Francis X. Diebold #11188 (EFG, AP) - Integrating Industry and National Economic Accounts: First Steps and Future Improvements
Ann M. Lawson, Brian C. Moyer, Sumiye Okubo, and Mark A. Planting #11187 (EFG) - The Amplification of Unemployment Fluctuations through Self-Selection
Robert E. Hall #11186 (EFG, LS) - Optimal Taxation with Endogenous Insurance Markets
Mikhail Golosov and Aleh Tsyvinski #11185 (EFG, PE) - Outsourcing Price Decisions: Evidence from U.S. 9802 Imports
Deborah Swenson #11184 (ITI) - Employment Efficiency and Sticky Wages: Evidence from Flows in the Labor Market
Robert E. Hall #11183 (EFG, LS, PR) - Cohort Turnover and Productivity: The July Phenomenon in Teaching Hospitals
Robert S. Huckman and Jason Barro #11182 (HE) - Socio-economic Impact of Nanoscale Science: Initial Results and NanoBank
Lynne G. Zucker and Michael R. Darby #11181 (PR) - Uninsured Idiosyncratic Investment Risk and Aggregate Saving
George-Marios Angeletos #11180 (EFG) - Out-of-Pocket Health Spending Between Low- and High-Income Populations: Who is at Risk of Having High Financial Burdens?
Yu-Chu Shen and Joshua McFeeters #11179 (HE) - Are Asset Price Guarantees Useful for Preventing Sudden Stops? A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff
Ceyhun Bora Durdu and Enrique G. Mendoza #11178 (IFM) - Reading, Writing and Raisinets: Are School Finances Contributing to Children's Obesity?
Patricia M. Anderson and Kristin F. Butcher #11177 (ED, PE, CH) - The Effect of the 1998 Master Settlement on Prenatal Smoking
Douglas E. Levy and Ellen Meara #11176 (HE)
Globalization and Complementary Policies: Poverty Impacts
Week of February 28, 2005
- Cost-Effective Policies to Reduce Vehicle Emissions
Don Fullerton and Li Gan #11174 (PE, ENV) - Financial Crises, 1880-1913: The Role of Foreign Currency Debt
Michael D. Bordo and Christopher M. Meissner #11173 (DAE, IFM, ME) - Measurement and Explanation of the Intensity of Co-publication in Scientific Research: An Analysis at the Laboratory Level
Jacques Mairesse and Laure Turner #11172 (PR) - Forms of Democracy, Policy and Economic Development
Torsten Persson #11171 (EFG, IFM) - Capital Controls, Sudden Stops and Current Account Reversals
Sebastian Edwards #11170 (IFM) - Explaining Returns with Cash-Flow Proxies
Peter Hecht and Tuomo Vuolteenaho #11169 (AP) - What is the Impact of Software Patent Shifts?: Evidence from Lotus v. Borland
Josh Lerner and Feng Zhu #11168 (PR) - Monetary Policy with Judgment: Forecast Targeting
Lars E.O. Svensson #11167 (ME) - Stocks, Bonds, Money Markets and Exchange Rates: Measuring Financial Transmission
Michael Ehrmann, Marcel Fratzscher, and Roberto Rigobon #11166 (IFM) - Productivity Spillovers, Terms of Trade and the "Home Market Effect"
Giancarlo Corsetti, Philippe Martin, and Paolo A. Pesenti #11165 (ITI) - Technology, Monopoly, and the Decline of the Viatical Settlements Industry
Neeraj Sood, Abby Alpert, and Jay Bhattacharya #11164 (HE) - Estimating Life-Cycle Parameters from Consumption Behavior at Retirement
John Laitner and Dan Silverman #11163 (EFG) - Private Benefits of Control, Ownership, and the Cross-Listing Decision
Craig Doidge, G. Andrew Karolyi, Karl V. Lins, Darius P. Miller, and Rene M. Stulz #11162 (CF, AP)
Week of February 21, 2005
- What's Real About the Business Cycle?
James D. Hamilton #11161 (EFG) - The Labor Market Effects of Rising Health Insurance Premiums
Katherine Baicker and Amitabh Chandra #11160 (HE, LS, PE) - Selection, Investment, and Women's Relative Wages Since 1975
Casey B. Mulligan and Yona Rubinstein #11159 (LS) - Outsourcing and Technological Change
Ann Bartel, Saul Lach, and Nachum Sicherman #11158 (LS, PR) - An Improved Annual Chronology of U.S. Business Cycles since the 1790's
Joseph H. Davis #11157 (DAE) - The Rules of Standard Setting Organizations: An Empirical Analysis
Benjamin Chiao, Josh Lerner, and Jean Tirole #11156 (CF, PR)
Week of February 14, 2005
- International Financial Adjustment
Pierre-Olivier Gourinchas and Helene Rey #11155 (IFM, AP) - The Market for Teacher Quality
Eric A. Hanushek, John F. Kain, Daniel M. O'Brien, and Steven G. Rivkin #11154 (ED, PE) - Sudden Stop, Financial Factors and Economic Collapse in Latin America: Learning from Argentina and Chile
Guillermo A. Calvo and Ernesto Talvi #11153 (IFM) - Anticipating Artistic Success (or, How to Beat the Art Market): Lessons from History
David W. Galenson #11152 (LS, AP) - Monetary and Fiscal Policy in a Liquidity Trap: The Japanese Experience 1999-2004
Mitsuru Iwamura, Takeshi Kudo, and Tsutomu Watanabe #11151 (ME) - Understanding Rules of Origin
Kala Krishna #11150 (ITI) - Firm-Specific Capital and the New-Keynesian Phillips Curve
Michael Woodford #11149 (EFG, ME) - Investment Timing, Agency, and Information
Steven R. Grenadier and Neng Wang #11148 (AP) - Why Inflation Rose and Fell: Policymakers' Beliefs and US Postwar Stabilization Policy
Giorgio E. Primiceri #11147 (ME) - Fertility and Social Security
Michele Boldrin, Mariacristina De Nardi, and Larry E. Jones #11146 (EFG, AG, PE) - Financial Liberalizations in Latin America in the 1990s: A Reassessment
- Joshua Aizenman #11145 (EFG, ITI)
- Why is Long-Horizon Equity Less Risky? A Duration-Based Explanation of the Value Premium
Martin Lettau and Jessica Wachter #11144 (AP) - Trade Protection and Industry Wage Structure in Poland
Chor-ching Goh and Beata Smarzynska Javorcik #11143 (ITI, LS) - Lessons from the Technology of Skill Formation
James J. Heckman #11142 (ED, LS)
Week of February 7, 2005
- The War Against Drug Producers
Herschel I. Grossman and Daniel Mejia #11141 (HE, PE) - Constraining Managers without Owners: Governance of the Not-for-Profit Enterprise
Mihir A. Desai and Robert J. Yetman #11140 (CF, PE) - Assessing Consumer Gains from a Drug Price Control Policy in the U.S.
Rexford Santerre and John Vernon #11139 (HE) - Are Alcohol Excise Taxes Good For Us? Short and Long-Term Effects on Mortality Rates
Philip J. Cook, Jan Ostermann, and Frank A. Sloan #11138 (HE) - The U.S. Current Account and the Dollar
Olivier Blanchard, Francesco Giavazzi, and Filipa Sa #11137 (EFG, IFM) - Smart Institutions, Foolish Choices? The Limited Partner Performance Puzzle
Josh Lerner, Antoinette Schoar, and Wan Wong #11136 (CF, AP) - How Does Job-Protected Maternity Leave Affect Mothers' Employment and Infant Health?
Michael Baker and Kevin Milligan #11135 (LS, CH) - A Framework for Exploring the Macroeconomic Determinants of Systematic Risk
Torben G. Andersen, Tim Bollerslev, Francis X Diebold, and Jin (Ginger) Wu #11134 (EFG, AP) - Sudden Stops and Output Drops
V.V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan #11133 (EFG, IFM) - The Market Price of Aggregate Risk and the Wealth Distribution
Hanno Lustig #11132 (AP) - Evaluation of Exchange-Rate, Capital Market, and Dollarization Regimes in the Presence of Sudden Stops
Assaf Razin and Yona Rubinstein #11131 (IFM) - Trends in Hours, Balanced Growth, and the Role of Technology in the Business Cycle
Jordi Gali #11130 (EFG) - Why Have Housing Prices Gone Up?
Edward L. Glaeser, Joseph Gyourko, and Raven E. Saks #11129 (EFG) - Shirking, Sharing Risk, and Shelving: The Role of University License Contracts
Marie Thursby, Jerry Thursby, and Emmanuel Dechenaux #11128 (PR) - Vehicle Currency Use in International Trade
Linda S. Goldberg and Cedric Tille #11127 (IFM, ME) - Profitable Investments or Dissipated Cash? Evidence on the Investment-Cash Flow Relationship
Marianne Bertrand and Sendhil Mullainathan #11126 (CF) - Reconsidering Expectations of Economic Growth after World War II from the Perspective of 2004
Robert W. Fogel #11125 (EFG, DAE) - Does Educational Tracking Affect Performance and Inequality? Differences-in-Differences Evidence across Countries
Eric A. Hanushek and Ludger Woessmann #11124 (ED, CH) - Understanding Strategic Bidding in Restructured Electricity Markets: A Case Study of ERCOT
Ali Hortacsu and Steven L. Puller #11123 (IO) - Junior is Rich: Bequests as Consumption
George M. Constantinides, John B. Donaldson, and Rajnish Mehra #11122 (AP) - Social Security, Demographic Trends, and Economic Growth: Theory and Evidence from the International Experience
Isaac Ehrlich and Jinyoung Kim #11121 (AG, PE) - Proprietary vs. Public Domain Licensing of Software and Research Products
Alfonso Gambardella and Bronwyn H. Hall #11120 (IO, PR) - The Term Structure of the Risk-Return Tradeoff
John Y. Campbell and Lui M. Viceira #11119 (AP) - An Integrated Model of Downtown Parking and Traffic Congestion
Richard Arnott and Eren Inci #11118 (PE) - The Globalization of Trade and Democracy, 1870-2000
J. Ernesto Lopez-Cordova and Christopher M. Meissner #11117 (DAE, ITI) - Order Flow and the Formation of Dealer Bids: Information flows and Strategic Behavior in the Government of Canada Securities Auctions
Ali Hortacsu and Samita Sareen #11116 (IO)
Week of January 31, 2005
- Testing for Ownership Mix Efficiency: The Case of the Nursing Home Industry
Rexford E. Santerre and John A. Vernon #11115 (HE) - The Cost of US Pharmaceutical Price Reductions: A Financial Simulation Model of R&D Reductions
Thomas A. Abbott and John A. Vernon #11114 (HE, PR) - Schooling and the AFQT: Evidence from School Entry Laws
Elizabeth U. Cascio and Ethan G. Lewis #11113 (DAE) - Capital Account Liberalization, Institutional Quality and Economic Growth: Theory and Evidence
Michael W. Klein #11112 (IFM) - The Foreign Service and Foreign Trade: Embassies as Export Promotion
Andrew K. Rose #11111 (ITI) - Testing out Contractual Incompleteness: Evidence from Soccer
Oriol Carbonell-Nicolau and Diego Comin #11110 (CF, EFG) - Estimating the Impact of Medical Innovation: The Case of HIV Antiretroviral Treatments
Mark G. Duggan and William N. Evans #11109 (HE) - Property Tax Limitations and Mobility: The Lock-in Effect of California's Proposition 13
Nada Wasi and Michelle J. White #11108 (LS, LE, PE) - The Integration of the Canadian Productivity Accounts within the System of National Accounts: Current Status and Challenges Ahead
John R. Baldwin and Tarek M. Harchaoui #11107 (EFG) - The Architecture of the System of National Accounts: A Three Country Comparison, Canada, Australia, and United Kingdom
Karen Wilson #11106 (EFG) - Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound
Tim Robinson and Andrew Stone #11105 (ME) - The Cross-Section of Currency Risk Premia and US Consumption Growth Risk
Hanno Lustig and Adrien Verdelhan #11104 (IFM, AP) - Implications of Alternative Operational Risk Modeling Techniques
Patrick de Fontnouvelle, John Jordan, and Eric Rosengren #11103 (AP) - Money Growth and Interest Rates
Seok-Kyun Hur #11102 (IFM) - Social Security Privatization with Elastic Labor Supply and Second-Best Taxes
Kent Smetters #11101 (AG, PE) - What Explains Differences in Smoking, Drinking and Other Health-Related Behaviors?
David Cutler and Edward Glaeser #11100 (HE) - Health Insurance, Treatment and Outcomes: Using Auto Accidents as Health Shocks
Joseph J. Doyle Jr. #11099 (HE) - Structural Reform of Social Security
Martin Feldstein #11098 (AG, AP, PE)
Week of January 24, 2005
- Using Out-of-Sample Mean Squared Prediction Errors to Test the Martingale Difference
Todd E. Clark and Kenneth D. West #T305 (TWP, IFM, AP) - Avoiding the Curse of Dimensionality in Dynamic Stochastic Games
Ulrich Doraszelski and Kenneth L. Judd #T304 (TWP) - Urban Growth and Housing Supply
Edward L. Glaeser, Joseph Gyourko, and Raven E. Saks #11097 (PR, PE) - Water, Water, Everywhere: Municipal Finance and Water Supply in American Cities
David Cutler and Grant Miller #11096 (HE, DAE, PE) - Residential Segregation in General Equilibrium
Patrick Bayer, Robert McMillan, and Kim Rueben #11095 (ED) - Offshoring in a Knowledge Economy
Pol Antras, Luis Garicano, and Esteban Rossi-Hansberg #11094 (ITI, LS) - General Purpose Technologies
Boyan Jovanovic and Peter L. Rousseau #11093 (EFG, DAE, PR) - Can Endogenous Changes in Price Flexibility Alter the Relative Welfare Performance of Exchange Rate Regimes?
Ozge Senay and Alan Sutherland #11092 (IFM) - Stemming the Tide? The Effect of Expanding Medicaid Eligibility on Health Insurance
Lara D. Shore-Sheppard #11091 (HE, CH) - Why Has Black-White Skill Convergence Stopped?
Derek Neal #11090 (ED, LS) - Modeling Bond Yields in Finance and Macroeconomics
Francis X. Diebold, Monika Piazzesi, and Glenn D. Rudebusch #11089 (EFG, ME, AP) - Time Consistency of Fiscal and Monetary Policy: A Solution
Mats Persson, Torsten Persson, and Lars E.O. Svensson #11088 (EFG, IFM, ME) - Did the HMO Revolution Cause Hospital Consolidation?
Robert Town, Douglas Wholey, Roger Feldman, and Lawton R. Burns #11087 (HE, IO) - Federal Oversight, Local Control, and the Specter of "Resegregation" in Southern Schools
Charles T. Clotfelter, Helen F. Ladd, and Jacob L. Vigdor #11086 (ED, LE, PE) - Electoral Manipulation via Expenditure Composition: Theory and Evidence
Allan Drazen and Marcela Eslava #11085 (EFG, PE) - Reducing the Risk of Investment-Based Social Security Reform
Martin Feldstein #11084 (AG, AP, PE)
Week of January 17, 2005
- A Dynamic Theory of Optimal Capital Structure and Executive Compensation
Andrew Atkeson and Harold Cole #11083 (EFG) - A Theory of Takeovers and Disinvestment
Bart M. Lambrecht and Stewart C. Myers #11082 (CF) - The Effects of the Colombian Trade Liberalization on Urban Poverty
Pinelopi K. Goldberg and Nina Pavcnik #11081 (ITI) - Politics, Relief , and Reform: The Transformation of America's Social Welfare System during the New Deal
John Joseph Wallis, Price Fishback, and Shawn Kantor #11080 (DAE, PE) - Saving and Cohabitation: The Economic Consequences of Living with One's Parents in Italy and the Netherlands
Rob Alessie, Agar Brugliavini, and Guglielmo Weber #11079 (EFG) - Private Credit in 129 Countries
Simeon Djankov, Caralee McLiesh, and Andrei Shleifer #11078 (CF, EFG, LE, AP, PE) - Testing Uncovered Interest Parity at Short and Long Horizons during the Post-Bretton Woods Era
Menzie D. Chinn and Guy Meredith #11077 (IFM, AP) - Systemic Crises and Growth
Romain Ranciere, Aaron Tornell, and Frank Westermann #11076 (IFM) - Foreign Direct Investment and the Domestic Capital Stock
Mihir C. Desai, C. Fritz Foley, and James R. Hines #11075 (CF, IFM, ITI, PE) - Optimal Defaults and Active Decisions
James J. Choi, David Laibson, Brigitte C. Madrian, and Andrew Metrick #11074 (AG, LS, PE) - Aggregation Issues in Integrating and Accelerating BEA's Accounts: Improved Methods for Calculating GDP by Industry
Brian Moyer, Marshall Reinsdorf, and Robert Yuskavage #11073 (EFG) - How do Incumbents Respond to the Threat of Entry? Evidence from the Major Airlines
Austan Goolsbee and Chad Syverson #11072 (IO) - Structuring and Restructuring Sovereign Debt: The Role of Seniority
Patrick Bolton and Olivier Jeanne #11071 (CF, IFM) - The Limits of Financial Globalization
Rene M. Stulz #11070 (CF, AP) - Practical Volatility and Correlation Modeling for Financial Market Risk Management
Torben G. Andersen, Tim Bollerslev, Peter F. Christoffersen, and Francis X. Diebold #11069 (AP) - Income and the Use of Prescription Drugs by the Elderly: Evidence from the Notch Cohorts
John R. Moran and Kosali Ilayperuma Simon #11068 (AG, HE) - Bank-Tax Conformity for Corporate Income: An Introduction to the Issues
Michelle Hanlon and Terry Shevlin #11067 (PE) - Why are the Critics so Convinced that Globalization is Bad for the Poor?
Emma Aisbett #11066 (ITI) - Does it Cost to be Virtuous? The Macroeconomic Effects of Fiscal Constraints
Fabio Canova and Evi Pappa #11065 (EFG, PE) - Where are We Now? Real-Time Estimates of the Macro Economy
Martin D.D. Evans #11064 (EFG) - Wage and Benefit Changes in Response to Rising Health Insurance Costs
Dana Goldman, Neeraj Sood, and Arleen Leibowitz #11063 (HE, LS) - The Global History of Corporate Governance: An Introduction
Randall K. Morck and Lloyd Steier #11062 (CF) - Changing Monetary Policy Rules, Learning, and Real Exchange Rate Dynamics
Nelson C. Mark #11061 (IFM, ME)
Week of January 10, 2005
- Measuring Social Security's Financial Problems
Kent Smetters and Jagadeesh Gokhale #11060 (EFG, PE) - NAFTA's and CUSFTA's Impact on International Trade
John Romalis #11059 (ITI) - The Irony of Reform: Did Large Employers Subvert Workplace Safety Reform, 1869 to 1930?
Price Fishback #11058 (DAE) - Colonialism, Inequality, and Long-Run Paths of Development
Stanley L. Engerman and Kenneth L. Sokoloff #11057 (DAE) - A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap
Bennett T. McCallum #11056 (EFG, ME) - How Do Monetary and Fiscal Policy Interact in the European Monetary Union?
Matthew B. Canzoneri, Robert E.. Cumby, and Behzad T. Diba #11055 (IFM) - Interest Rate, Inflation, and Housing Price: With an Emphasis on Chonsei Price in Korea
Dongchul Cho #11054 (EFG) - Market Distortions when Agents are Better Informed: The Value of Information in Real Estate
Steven D. Levitt and Chad Syverson #11053 (CF) - How Law and Institutions Shape Financial Contracts: The Case of Bank Loans
Jun Qian and Philip E. Strahan #11052 (CF) - A Mutli-Country Approach to Factor-Proportions Trade and Trade Costs
James R. Markusen and Anthony J. Venables #11051 (ITI) - Financial Markets and Wages
Claudio Michelacci and Vincenzo Quadrini #11050 (EFG, LS) - The Black-White Test Score Gap Through Third Grade
Roland G. Fryer and Steven D. Levitt #11049 (CH, ED, LS) - Does Food Aid Harm the Poor? Household Evidence from Ethiopia
James Levinsohn and Margaret McMillan #11048 (ITI) - Foreign Direct Investment vs. Foreign Portfolio Investment
Itay Goldstein and Assaf Razin #11047 (IFM, ITI) - Does Tariff Liberalization Increase Wage Inequality? Some Empirical Evidence
Branko Milanovic and Lyn Squire #11046 (ITI) - Is Poland the Next Spain?
Francesco Caselli and Silvana Tenreyro #11045 (EFG) - On the Optimal Progressivity of the Income Tax Code
Juan Carlos Conesa and Dirk Krueger #11044 (PE) - State-Dependent or Time-Dependent Pricing: Does it Matter for Recent U.S. Inflation?
Peter J. Klenow and Oleksiy Kryvtsov #11043 (EFG) - Meese-Rogoff Redux: Micro-Based Exchange Rate Forecasting
Martin D. D. Evans and Richard K. Lyons #11042 (AP, IFM) - Do Currency Markets Absorb News Quickly?
Martin D. D. Evans and Richard K. Lyons #11041 (AP, IFM) - Weak and Semi-Strong Form Stock Return Predictability Revisited
Robert C. Feenstra, Robert E. Lipsey, Haiyan Deng, Alyson C. Ma, and Hengyong Mo #11040 (ITI) - Dynamic Inefficiencies in Insurance Markets: Evidence from long-term care insurance
Amy Finkelstein, Kathleen McGarry, and Amir Sufi #11039 (AG, HC, PE) - Insuring Against Terrorism: The Policy Challenge
Kent Smetters #11038 (PE) - Bank Trading Risk and Systemic Risk
Philippe Jorion #11037 (CF)
Week of January 3, 2005
- Work and the Disability Transition in 20th Century America
Sven Wilson, Joseph Burton, and Benjamin Howell #11036 (AG, CS) - Drinking and Academic Performance in High School
Jeff DeSimone and Amy M. Wolaver #11035 (HE, CH) - Firm-Specific Capital, Nominal Rigidities and the Business Cycle
David Altig, Lawrence Christiano, Martin Eichenbaum, and Jesper Linde #11034 (EFG) - The Predictive Content of Energy Futures: an Update on Petroleum, Natural Gas, Heating Oil and Gasoline
Menzie D. Chinn, Michael LeBlanc, and Olivier Coibion #11033 (IFM, AP) - Allander Series: Skill Policies for Scotland
James J. Heckman and Dimitriy V. Masterov #11032 (ED, LS, PE, CH) - Wage Dynamics and Unobserved Heterogeneity: Time Preference or Learning Ability?
Lalith Munasinghe and Nachum Sicherman #11031 (LS) - Politics and Efficiency of Separating Capital and Ordinary Government Budgets
Marco Bassetto and Thomas J. Sargent #11030 (EFG) - Optimal Taxation in an RBC Model: A Linear-Quadratic Approach
Pierpaolo Benigno and Michael Woodford #11029 (EFG, ME) - Public Finance and Individual Preferences over Globalization Strategies
Gordon H. Hanson, Kenneth F. Scheve, and Matthew J. Slaughter #11028 (ITI) - Globalization, Labor Income, and Poverty in Mexico
Gordon H. Hanson #11027 (ITI) - Consumption Risk and the Cost of Equity Capital
Ravi Jagannathan and Yong Wang #11026 (AP) - Choosing Between Gifts and Bequests: How Taxes Affect the Timing of Wealth Transfers
David Joulfaian #11025 (PE) - Separating Uncertainty from Heterogeneity in Life Cycle Earnings
Flavio Cunha, James J. Heckman, and Salvador Navarro #11024 (EFG, ED, LS, CH) - Internationalization and the Evolution of Corporate Valuation
Ross Levine and Sergio L. Schmukler #11023 (CF, IFM, AP) - Lobbies and Technology Diffusion
Diego Comin and Bart Hobijn #11022 (EFG, PR) - Weak and Semi-Strong Form Stock Return Predictability Revisited
Wayne E. Ferson, Andrea Heuson, and Tie Su #11021 (AP) - Mimicking Portfolios with Conditioning Information
Wayne E. Ferson, Andrew F. Siegel, and Pisun (Tracy) Xu #11020 (AP) - Place of Work and Place of Residence: Informal Hiring Networks and Labor Market Outcomes
Patrick Bayer, Stephen Ross, and Giorgio Topa #11019 (LS) - Money Illusion in the Stock Market: The Modigliani-Cohn Hypothesis
Randolph B. Cohen, Christopher Polk, and Tuomo Vuolteenaho #11018 (AP)
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