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New This Week Archive

NBER Working Papers released in the past, by week.

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Week of December 18, 2000

New Book Chapters

• Grandmothers and Granddaughters: Old Age Pension and Intra-household Allocation in South Africa
  Esther Duflo #8061 (CH)
  
• Balance Sheet Effects, Bailout Guarantees and Financial Crises
  Martin Schneider and Aaron Tornell #8060 (IFM)
  
• Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles
  Ravi Bansal and Amir Yaron #8059 (AP)
  
• Wages Around the World: Pay Across Occupations and Countries
  Richard B. Freeman and Remco Oostendorp #8058 (LS)
  
• Monetary Policy
  Benjamin M. Friedman #8057 (ME)
  
• Understanding Child Support Trends: Economic, Demographic, and Political Contributions
  Anne Case, I-Fen Lin, and Sara McLanahan #8056 (CH)
  
• School Choice and the Distributional Effects of Ability Tracking: Does Separation Increase Equality?
  David N. Figlio and Marianne E. Page #8055 (CH)
  
• Longer Term Effects of Head Start
  Eliana Garces, Duncan Thomas, and Janet Currie #8054 (CH, LS)
  
• Non-Market Interactions
  Edward L. Glaeser and José Scheinkman #8053 (EFG)
  
• Stock Options for Undiversified Executives
  Brian J. Hall and Kevin J. Murphy #8052 (CF, LS)
  
• The Incentive for Working Hard: Explaining Hours Worked Differences in the U.S. and Germany
  Linda A. Bell and Richard B. Freeman #8051 (LS)
  
• The Anatomy of Employee Involvement and Its Effects on Firms and Workers
  Richard B. Freeman, Morris M. Kleiner, and Cheri Ostroff #8050 (LS)
  
• Environmental Tax Interactions When Pollution Affects Health or Productivity
  Roberton C. Williams #8049 (PE)
  
• Health Effects in a Model of Second-Best Environmental Taxation or Reconsidering "Reconsidering the Tax-Interaction Effect"
  Roberton C. Williams #8048 (PE)
  
• The Role of Interest Rates in Federal Reserve Policymaking
  Benjamin M. Friedman #8047 (ME)
  
• Industrial Groupings and Strategic FDI: Theory and Evidence
  Bruce A. Blonigen, Christopher J. Ellis, and Dietrich Fausten #8046 (ITI)
  
• Adverse Selection in Insurance Markets: Policyholder Evidence from the U.K. Annuity Market
  Amy Finkelstein and James Poterba #8045 (A, CF, PE)
  
• European Financial markets After EMU: A First Assessment
  Jean-Pierre Danthine, Francesco Giavazzi, and Ernst-Ludwig von Thadden #8044 (IFM)
  
• Closed and Open Economy Models of Business Cycles with Marked up and Sticky Prices
  Robert J. Barro and Silvana Tenreyro #8043 (EFG, IFM)
  
• Consequences of Imbalanced Sex Ratios: Evidence from America's Second Generation
  Josh Angrist #8042 (LS)
  
• The Conventioanl Treatment of Seasonality in Business Cycle Analysis: Does it Create Distortions?
  Lawrence J. Christiano and Richard M. Todd #T0266 (TWP)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Prefunding in a Defined Benefit Pension System - The Finnish Case"
  Jukka Lassila and Tarmo Valkonen
  "IMF Structural Programs"
  Morris Goldstein

Week of December 11, 2000

New Book Chapters

• Growth Economics and Reality
  William A. Brock and Steven N. Durlauf #8041 (EFG)
  
• The Welfare Cost of Business Cycles Revisited: Finite Lives and Cyclical Variation in Idiosyncratic Risk
  Kjetil Storesletten, Chris I. Telmer, and Amir Yaron #8040 (EFG)
  
• Style Investing
  Nicholas Barberis and Andrei Shleifer #8039 (AP)
  
• Firm Level Investment and R&D in France and the United States: A Comparison
  BenoÎt Mulkay, Bronwyn H. Hall, Jacques Mairesse #8038 (IO, PR)
  
• The Optimal Treatment of Tax Expenditures
  Emmanuel Saez #8037 (PE)
  
• Issue Unbundling via Citizens' Initiatives
  Timothy Besley and Stephen Coate #8036 (PE)
  
• The EMS Crisis in Retrospect
  Barry Eichengreen #8035 (IFM)
  
• The Social Consequences of Housing
  Edward L. Glaeser and Bruce Sacerdote #8034 (LE, PE)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Prudential Supervision: Why Is It Important and What Are the Issues?"
  Frederic S. Mishkin
  "Seeking a Premier League Economy: the Role of Privatization"
  Richard Green and Jonathan Haskel
  "Shared Modes of Compensation and Firm Performance: UK Evidence,"
  Martin J. Conyon and Richard B. Freeman
  "Characteristics of Foreign-Owned Firms in British Manufacturing"
  Rachel Griffith and Helen Simpson
  "The Surprising Retreat of Union Britain"
  John Pencavel
  "Pension Reform and Economic Performance in Britain in the 1980s and 1990s"
  Richard Disney, Carl Emmerson and Sarah Smith
  "Britain's Record on Skills"
  Richard Layard, Steve McIntosh and Anna Vignoles
  "Whither Poverty in the Great Britain and the United States? The Determinants of Changing Poverty and Whether Work Will Work"
  Richard Dickens and David T. Ellwood
  "Labour Market Reforms and Changes in Wage Inequality in the United Kingdom and the United States"
  Amanda Gosling and Thomas Lemieux
  "Mobility and Joblessness"
  Paul Gregg, Steve Machin and Alan Manning
  "Has 'In Work' Benefit Reform Helped the Labour Market?"
  Richard Blundell and Hilary Hoynes

Week of December 4, 2000

• On the Japanese Economy and Japanese National Accounts
  Albert Ando #8033 (EFG)
  
• The Effects of 401(k) Plans on Household Wealth: Differences Across Earnings Groups
  Eric M. Engen and William G. Gale #8032 (A, PE)
  
• The Middle Class Parent Penalty: Child Benefits in the U.S. Tax Code
  David T. Ellwood and Jeffrey B. Liebman #8031 (A, LS, PE)
  
• An sS Model with Adverse Selection
  Christopher L. House and John V. Leahy #8030 (EFG)
  
• The Desirability of Commodity Taxation under Non-Linear Income Taxation and Heterogenous Tastes
  Emmanuel Saez #8029 (PE)
  
• Where did British Foreign Capital Go? Fundamentals, Failures and the Lucas Paradox: 1870-1913
  Michael A. Clemens and Jeffrey G. Williamson #8028 (DAE)
  
• Market Mechanisms for Policy Decisions: Tools for the European Union
  Alessandra Casella #8027 (IFM)
  
• Games for Central Bankers: Markets v/s Politics in Public Policy Decisions
  Alessandra Casella #8026 (IFM)
  
• Money and Inflation in the Euro Area: A Case for Monetary Indicators?
  Stefan Gerlach and Lars E.O. Svensson #8025 (ME)
  
• A Framework for Applied Dynamic Analysis in I.O.
  Ariel Pakes #8024 (IO, PR)
  
• Generalized Solow-Neutral Technical Progress and Postwar Economic Growth
  Michael J. Boskin and Lawrence J. Lau #8023 (EFG)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "The Role of Industrial Country Policies in Emerging Market Crises"
  Jeffrey Frankel and Nouriel Roubini
  "Medicare and the Federal Budget: Past Experience, Current Policy, Future Prospects"
  Mark McClellan
  "IMF Stabilization Programs"
  Anne O. Krueger
  "Re-Examining the Contributions of Money and Banking Shocks to the U.S. Great Depression"
  Harold L. Cole and Lee E. Ohanian
  Introduction to Distributional Aspects of Investment-Based Social Security Reform"
  Martin Feldstein and Jeffrey Liebman
  "Introduction: An American Perspective"
  Martin Feldstein
  "Introduction: A European Perspective"
  by Horst Siebert,
  "Introduction to International Taxation and Multinational Activity"
  by James R. Hines Jr.,
  "Introduction to Behavioral and Distributional Effects of Environmental Policy"
  Carlo Carraro and Gilbert E. Metcalf
  "Introduction to NBER Macroeconomics Annual 2000"
  Ben Bernanke and Kenneth Rogoff
  "Introduction to Medical Care Output and Productivity"
  David M. Cutler and Ernst Berndt
  "Introduction to Tax Policy and the Economy, Volume 15"
  James M. Poterba
  "Introduction to Regional and Global Capital Flows: Macroeconomic Causes and Consequences"
  Takatoshi Ito and Anne O. Krueger
  "Introduction to Innovation Policy and the Economy, Volume 1"
  Adam Jaffe, Joshua Lerner and Scott Stern
  "Introduction to Frontiers in Health Policy Research, Volume 3"
  "Introduction to Frontiers in Health Policy Research, Volume 4"
  "Introduction to New Developments in Productivity Analysis"
  Charles R. Hulten, Edwin R. Dean and Michael J. Harper
  "Introduction to Services Trade in the Asia-Pacific Region, NBER-EASE Volume 11"
  Takatoshi Ito and Anne O. Krueger
  "Introduction to Themes in the Economics of Aging"
  David Wise
  "Introduction to Aging Issues in the United States and Japan"
  David Wise

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Week of November 27, 2000

• Technological Change, the Labor Market and the Stock Market
  Rodolfo E. Manuelli #8022 (EFG)
  
• How Elastic is the Firm's Demand for Health Insurance
  Jonathan Gruber and Michael Lettau #8021 (HE, PE)
  
• Managed Care and Technology Adoption in Health Care: Evidence from Magnetic Resonance Imaging
  Laurence C. Baker #8020 (HC, PR)
  
• What's in a Grade? School Report Cards and House Prices
  David N. Figlio and Maurice E. Lucas #8019 (CH, PE)
  
• Retrospective vs. Prospective Analysis of School Inputs: The Case of Flip Charts in Kenya
  Paul Glewwe, Michael Kremer, Sylvie Moulin and Eric Zitzewitz #8018 (CH)
  
• The Effects of Business-to-Business E-Commerce on Transaction Costs
  Luis Garicano and Steven N. Kaplan #8017 (CF, IO)
  
• 12 Million Salaried Workers Are Missing
  Daniel S. Hamermesh #8016 (LS)
  

Week of November 20, 2000

New Book Chapters

• Is Foreign Direct Investment a Channel of Knowledge Spillovers? Evidence for Japan's FDI in the United States
  Lee Branstetter #8015 (ITI, PR)
  
• Are Profits Shared Across Borders? Evidence on International Rent Sharing
  John W. Budd and Matthew J. Slaughter #8014 (ITI, LS)
  
• Scale Economies and the Geographic Concentration of Industry
  Gordon H. Hanson #8013 (ITI)
  
• A Century of Purchasing-Power Parity
  Alan M. Taylor #8012 (DAE, IFM, ITI)
  
• The Impact of Capital Gains Taxes on Stock Price Reactions to S&P Inclusion
  Jennifer L. Blouin, Jana Smith Raedy, and Douglas A. Shackelford #8011 (AP, PE)
  
• Macroeconomic Factors and Antidumping Filings: Evidence from Four Countries
  Michael M. Knetter and Thomas J. Prusa #8010 (ITI)
  
• The Uneasy Marriage of Export Incentives and the Income Tax
  Mihir A. Desai and James R. Hines Jr. #8009 (ITI, PE)
  
• Evolution and Revolution in the Argentine Banking System under Convertibility: The Roles of Crises and Path Dependence
  Lee J. Alston and Andrés Gallo #8008 (CH, IFM)
  
• The Long-Term Gains from GAIN: A Re-Analysis of the Impacts of the California GAIN Program
  V. Joseph Hotz, Guido W. Imbens, and Jacob A. Klerman #8007 (CH, LS)
  
• Fixing for Your Life
  Guillermo A. Calvo and Carmen M. Reinhart #8006 (IFM)
  
• GATT-Think
  Kyle Bagwell and Robert W. Staiger #8005 (ITI)
  
• Time Use and Population Representation in the Sloan Study of Adolescents
  Casey B. Mulligan, Barbara Schneider, and Rustin Wolfe #T0265 (TWP)
  
• Long Memory and Regime Switching
  Francis X. Diebold and Atsushi Inoue #T0264 (TWP)
  
• Social Reformers and Regulation: The Prohibition of Cigarettes in the U.S. and Canada
  Lee J. Alston, Ruth Dupré, and Tomas Nonnenmacher #H0131 (DAE)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "The Role of Industrial Country Policies in Emerging Market Crises"
  Jeffrey Frankel and Nouriel Roubini
  "IMF Stabilization Programs"
  Anne O. Krueger
  "The Effects of 401(k) Plans on Household Wealth: Differences Across Earnings Groups"
  Eric M. Engen and William G. Gale

Week of November 13, 2000

New Book Chapters

• The Impact of Legalized Abortion on Crime
  John Donohue and Steven Levitt #8004 (CH, LE, PE)
  
• Bank Runs and Banking Policies: Lessons for African Policymakers
  Edward J. Kane and Tara Rice #8003 (CF, IFM)
  
• On the Desirability of a Regional Basket Currency Arrangement
  Eiji Ogawa and Takatoshi Ito #8002 (IFM)
  
• The Environmental Kuznets Curve: Exploring A Fresh Specification
  David F. Bradford, Rebecca Schlieckert, and Stephen H. Shore #8001 (PE)
  
• Understanding Mid-Life and Older Age Mortality Declines: Evidence from Union Army Veterans
  Dora L. Costa #8000 (A, DAE, HC)
  
• Interracial Contact in High School Extracurricular Activities
  Charles T. Clotfelter #7999 (CH, PE)
  
• Who Wins the Olympic Games: Economic Development and Medal Totals
  Andrew B. Bernard and Meghan R. Busse #7998 (ITI)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "The Role of the Private Sector in Resolving Financial Crises in Emerging Markets"
  William R. Cline
  "Service Trade in East Asia"
  Shujiro Urata and Kozo Kiyota
  "The Distributional Effects of an Investment-Based Social Security System"
  Martin Feldstein and Jeffrey Liebman
  "Pension Reform: Issues in the Netherlands"
  Jeroen J.M. Kremers

Week of November 6, 2000

• Japan Premium and Stock Prices: Two Mirrors of Japanese Banking Crises
  Takatoshi Ito and Kimie Harada #7997 (AP, CF, IFM)
  
• Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry
  Jeffrey R. Brown and Austan Goolsbee #7996 (A, IO, PE)
  
• Consumption and Risk Sharing Over the Life Cycle
  Kjetil Storesletten, Chris I. Telmer, and Amir Yaron #7995 (AP, EFG)
  
• Wages, Productivity, and the Dynamic Interaction of Businesses and Workers
  John C. Haltiwanger, Julia I. Lane, and James R. Spletzer #7994 (LS, PR)
  
• Fear of Floating
  Guillermo A. Calvo and Carmen M Reinhart #7993 (IFM)
  
• Private Inflows when Crises are Anticipated: A Case Study of Korea
  Michael P. Dooley and Inseok Shin #7992 (IFM)
  
• Asset Location for Retirement Savers
  James M. Poterba, John B. Shoven, and Clemens Sialm #7991 (A, AP, PE)
  
• Sex, Drugs, and Catholic Schools: Private Schooling and Non-Market Adolescent Behaviors
  David Figlio and Jens Ludwig #7990 (HE)
  
• Using Studies of Treatment Response to Inform Treatment Choice in Heterogeneous Populations
  Charles F. Manski #T0263 (TWP)
  

Week of October 30, 2000

New Book Chapters

• Interpreting Instrumental Variables Estimates of the Returns to Schooling
  Jeffrey R. Kling #7989 (LS, CH)
  
• Near-Rationality and Inflation in Two Monetary Regimes
  Laurence Ball #7988 (EFG, ME)
  
• Computers, Work Organization, and Wage Outcomes
  Peter Cappelli #7987 (LS, PR)
  
• Changes in the Wage Structure, Family Income, and Children's Education
  Daron Acemoglu and Jörn-Steffen Pischke #7986 (CH, LS)
  
• Do High Grading Standards Affect Student Performance?
  David N. Figlio and Maurice E. Lucas #7985 (CH)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Financial Policies and the Prevention of Financial Crises in Emerging Market Countries"
  Frederic S. Mishkin
  "The Middle Class Parent Penalty: Child Benefits in the U.S. Tax Code"
  David T. Ellwood and Jeffrey B. Liebman
  "The Changing Importance of Income and Payroll Taxes on U.S. Families"
  Andrew Mitrusi and James Poterba
  "Personal Income Taxes and the Growth of Small Firms"
  Robert Carroll, Douglas Holtz-Eakin, Mark Rider and Harvey S. Rosen
  "Accumulated Pension Collars: A Market Approach to Reducing the Risk of Investment-Based Social Security Reform"
  Martin Feldstein and Elena Ranguelova
  "Hospital Market Structure and the Behavior of Not-for-Profit Hospitals: Evidence from Responses to California's Disproportionate Share Program"
  Mark Duggan
  "Creative vs. Uncreative Destruction: An Empirical Examination of the U.S. Pharmaceuticals Market"
  Frank Lichtenberg and Tomas Philipson
  "Exchange Rate Regimes, Capital Flows and Crisis Prevention"
  Sebastian Edwards
  "IMF Structural Programs"
  Morris Goldstein
  "Effects of Competition under Prospective Payment on Hospital Costs among High and Low Cost Admissions: Evidence from California, 1983-1993"
  Jeanette Chung and David Meltzer
  "The Role of Industrial Country Policies in Emerging Market Crises"
  Jeffrey Frankel and Nouriel Roubini
  "The Role of the Private Sector in Resolving Financial Crises in Emerging Markets"
  William R. Cline
  "Taiwan's Accession into the WTO and Trade in Services: A Computable General Equilibrium Analysis"
  Ji Chou, Shiu-Tung Wang, Kun-Ming Chen and Nai-Fong Kuo

Week of October 23, 2000

New Book Chapters

• Commercial Policy with Altruistic Voters
  Julio J. Rotemberg #7984 (ITI)
  
• The Social Discount Rate
  Andrew Caplin and John Leahy #7983 (PE)
  
• An Economic Analysis of Alcohol, Drugs, and Violent Crime in the National Crime Victimization Survey
  Sara Markowitz #7982 (HE)
  
• Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data
  Judith A. Chevalier, Anil K Kashyap, and Peter E. Rossi #7981 (EFG, IO, ME)
  
• Personal Income Taxes and the Growth of Small Firms
  Robert Carroll, Douglas Holtz-Eakin, Mark Rider, and Harvey S. Rosen #7980 (PE)
  
• The Health Care Consequences of Smoking and its Regulation
  Michael J. Moore and James W. Hughes #7979 (HC, HE)
  
• Using Asset Prices to Measure the Cost of Business Cycles
  Fernando Alvarez and Urban J. Jermann #7978 (AP, EFG)
  
• Nonprofit Sector and Part-Time Work: An Analysis of Employer-Employee Matched Data of Child Care Workers
  H. Naci Mocan and Erdal Tekin #7977 (CH, LS)
  
• Tax Policy, Venture Capital, and Entrepreneurship
  Christian Keuschnigg and Søren Bo Nielsen #7976 (PE)
  
• Accounting for Recent Declines in Employment Rates Among the Working-Aged Disabled
  John Bound and Timothy Waidmann #7975 (LS, PE)
  
• Investor Protection and Equity Markets
  Andrei Shleifer and Daniel Wolfenson #7974 (CF)
  
• Moving to Opportunity in Boston: Early Results of a Randomized Mobility Experiment
  Lawrence F. Katz, Jeffrey R. Kling, and Jeffrey B. Liebman #7973 (LS, PE)
  
• When Do Research Consortia Work Well and Why? Evidence from Japanese Panel Data
  Lee G. Branstetter and Mariko Sakakibara #7972 (PR)
  
• International and Domestic Collateral Constraints in a Model of Emerging Market Crises
  Ricardo Caballero and Arvind Krishnamurthy #7971 (EFG, IFM)
  
• "Development, Health, Nutrition, and Mortality: The Case of the 'Antebellum Puzzle' in the United States"
  Michael R. Haines, Lee A. Craig, and Thomas Weiss #H0130 (DAE)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Korea's Telecom Services Reform through Trade Negotiations"
  Nae-Chan Lee and Han-Young Lie
  "Different Approaches to Pension Reform from an Economic Point of View"
  Jonathan Gruber and David Wise
  "France: The Difficult Path to a Consensual Reform"
  Didier Blanchet and Florence Legros
  "Pension Reform: Issues in the Netherlands"
  Jeroen J.M. Kremers
  "Romania's Pension System: From Crisis to Reform"
  Georges de Menil and Eytan Sheshinski
  "The Hungarian Pension Reform: A Preliminary Assessment"
  Robert Rocha and Dimitri Vittas

Week of October 16, 2000

New Book Chapters

• Technological Change and the Environment
  Adam B. Jaffe, Richard G. Newell, and Robert N. Stavins #7970 (PR)
  
• Corruption and Composition of Foreign Direct Investment: Firm-Level Evidence
  Beata K. Smarzynska and Shang-Jin Wei #7969 (IFM, ITI)
  
• Is Making Divorce Easier Bad for Children? The Long Run Implications of Unilateral Divorce
  Jonathan Gruber #7968 (LS, CH, PE)
  
• More Guns, More Crime
  Mark Duggan #7967 (PE)
  
• Hospital Market Structure and the Behavior of Not-For-Profit Hospitals: Evidence from Responses to California's Disproportionate Share Program
  Mark Duggan #7966 (HC, PE)
  
• The Recent Transformation of Participatory Employment Practices in Japan
  Takao Kato #7965 (LS)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Public Financing and the Market for Long-Term Care"
  Darius Lakdawalla and Tomas Philipson
  "Private Sector's View of Trade Liberalization in Services: A Hong Kong Perspective"
  Clement Yuk Pang Wong and Anming Zhang
  "Globalization and Harmonization: The Case of Accountancy Services in Japan"
  Fukunari Kimura
  "Regulating Services Trade: Matching Policies to Objectives"
  Richard Snape
  "Measuring the Cost of Barriers to Trade in Services"
  Philippa Dee, Kevin Hanslow and Tien Phamduc
  "Liberalization of Trade in Services and Productivity Growth in Korea"
  Jong-Il Kim and June-Dong Kim
  "The Growth and Potential of Taiwan's Foreign Trade in Services"
  Li-min Hsueh, An-loh Lin and Su-wan Wang

Week of October 9, 2000

New Book Chapters

• Does Factor-Biased Technological Change Stifle International Convergence? Evidence from Manufacturing
  Eli Berman #7964 (LS, PR)
  
• Retirement Responses to Early Social Security Benefit Reductions
  Olivia S. Mitchell and John W.R. Phillips #7963 (A, LS)
  
• Technology, Trade, and Adjustment to Immigration in Israel
  Neil Gandal, Gordon H. Hanson, and Matthew J. Slaughter #7962 (ITI)
  
• Internet Car Retailing
  Fiona Scott Morton, Florian Zettelmeyer, and Jorge Silva Risso #7961 (IO)
  
• The Impact of the Estate Tax on the Wealth Accumulation and Avoidance Behavior of Donors
  Wojciech Kopczuk and Joel Slemrod #7960 (PE)
  
• Wiring the Labor Market
  David H. Autor #7959 (LS)
  
• The Governance of the New Enterprise
  Raghuram G. Rajan and Luigi Zingales #7958 (CF)
  
• The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap
  Lars E.O. Svensson #7957 (IFM, ME)
  
• Competition Between Private and Public Schools: Testing Stratification and Pricing Predictions
  Dennis Epple, David Figlio, and Richard Romano #7956 (CH, PE)
  
• Decoupling at the Margin: The Threat to Monetary Policy from the Electronic Revolution in Banking
  Benjamin M. Friedman #7955 (ME)
  
• A Re-examination of the Predictability of Economic Activity Using the Yield Spread
  James D. Hamilton and Dong Heon Kim #7954 (EFG)
  
• Indicator Variables for Optimal Policy
  Lars E.O. Svensson and Michael Woodford #7953 (EFG, ME)
  
• Ferreting Out Tunneling: An Application to Indian Business Groups
  Marianne Bertrand, Paras Mehta, and Sendhil Mullainathan #7952 (CF)
  
• The Credit Crunch in East Asia: What can Bank Excess Liquid Assets Tell us?
  P.R. Agénor, J. Aizenman, and A. Hoffmaister #7951 (IFM)
  
• Simple Estimators for Treatment Parameters in a Latent Variable Framework with an Application to Estimating the Returns to Schooling
  James J. Heckman, Justin L. Tobias, and Edward Vytlacil #7950 (CH, LS, PE)
  
• The Nature and Nurture of Economic Outcomes
  Bruce Sacerdote #7949 (CH, LS)
  
• Behavioral Economics
  Sendhil Mullainathan and Richard H. Thaler #7948 (AP, LS)
  
• The Diffusion of the Tractor in American Agriculture: 1910-60
  Alan L. Olmstead and Paul W. Rhode #7947 (DAE)
  
• A Historical Test of the Tiebout Hypothesis: Local Heterogeneity from 1850 to 1990
  Paul W. Rhode and Koleman S. Strumpf #7946 (DAE)
  
• Class Struggle Inside the Firm: A Study of German Codetermination
  Gary Gorton and Frank Schmid #7945 (CF)
  
• Who Benefits Whom in Daily Newspaper Markets?
  Lisa George and Joel Waldfogel #7944 (LE)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "The Health Care Consequences of Smoking and its Regulation"
  Michael J. Moore and James W. Hughes
  "Shaping Future Rules for Trade in Services: Lessons from the GATS"
  Aaditya Mattoo

Week of October 2, 2000

• Do R&D Subsidies Stimulate or Displace Private R&D? Evidence from Israel
  Saul Lach #7943 (PR, PE)
  
• Estimating the Effects of Covariates on Health Expenditures
  Donna B. Gilleskie and Thomas A. Mroz #7942 (HC)
  
• Increasing Returns and All That: A View From Trade
  Werner Antweiler and Daniel Trefler #7941 (ITI)
  
• Why Is Productivity Procyclical? Why Do We Care?
  Susanto Basu and John Fernald #7940 (EFG)
  
• The Evolution of Employment Relations in U.S. and Japanese Manufacturing Firms, 1900-1960: A Comparative Historical and Institutional Analysis
  Chiaki Moriguchi #7939 (DAE, LS)
  
• Credit Market Imperfections and Persistent Unemployment
  Daron Acemoglu #7938 (CH)
  
• Does Comparable Worth Work in a Decentralized Labor Market?
  Michael Baker and Nicole M. Fortin #7937 (LS)
  
• Idiosyncratic Risk and Aggregate Employment Dynamics
  Jeffrey R. Campbell and Jonas D.M. Fisher #7936 (EFG)
  
• IPO Market Cycles: Bubbles or Sequential Learning?
  Michelle Lowry and G. William Schwert #7935 (CF)
  
• Using Locational Equilibrium Models to Evaluate Housing Price Indexes
  Holger Sieg, V. Kerry Smith, Spencer Banzhaf, and Randy Walsh #7934 (PE)
  
• The Distribution of Stock Return Volatility
  Torben G. Andersen, Tim Bollerslev, Francis X. Diebold, and Heiko Ebens #7933 (AP)
  
• Rising Wage Dispersion Across American Manufacturing Establishments, 1850-1880
  Jeremy Atack, Fred Bateman, and Robert A. Margo #7932 (DAE, LS)
  
• The Gender Gap in Top Corporate Jobs
  Marianne Bertrand and Kevin F. Hallock #7931 (LS)
  
• R&D Policy in Israel: An Overview and Reassessment
  Manuel Trajtenberg #7930 (PR)
  
• The Effects of Bilateral Tax Treaties on U.S. FDI Activity
  Bruce A. Blonigen and Ronald B. Davies #7929 (ITI, PE)
  
• Taxing and Subsidizing Housing Investment: The Rise and Fall of Housing's Favored Status
  Patric H. Hendershott and Michael White #7928 (PE)
  

---

Week of December 18, 2000

New Book Chapters

• Grandmothers and Granddaughters: Old Age Pension and Intra-household Allocation in South Africa
  Esther Duflo #8061 (CH)
  
• Balance Sheet Effects, Bailout Guarantees and Financial Crises
  Martin Schneider and Aaron Tornell #8060 (IFM)
  
• Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles
  Ravi Bansal and Amir Yaron #8059 (AP)
  
• Wages Around the World: Pay Across Occupations and Countries
  Richard B. Freeman and Remco Oostendorp #8058 (LS)
  
• Monetary Policy
  Benjamin M. Friedman #8057 (ME)
  
• Understanding Child Support Trends: Economic, Demographic, and Political Contributions
  Anne Case, I-Fen Lin, and Sara McLanahan #8056 (CH)
  
• School Choice and the Distributional Effects of Ability Tracking: Does Separation Increase Equality?
  David N. Figlio and Marianne E. Page #8055 (CH)
  
• Longer Term Effects of Head Start
  Eliana Garces, Duncan Thomas, and Janet Currie #8054 (CH, LS)
  
• Non-Market Interactions
  Edward L. Glaeser and José Scheinkman #8053 (EFG)
  
• Stock Options for Undiversified Executives
  Brian J. Hall and Kevin J. Murphy #8052 (CF, LS)
  
• The Incentive for Working Hard: Explaining Hours Worked Differences in the U.S. and Germany
  Linda A. Bell and Richard B. Freeman #8051 (LS)
  
• The Anatomy of Employee Involvement and Its Effects on Firms and Workers
  Richard B. Freeman, Morris M. Kleiner, and Cheri Ostroff #8050 (LS)
  
• Environmental Tax Interactions When Pollution Affects Health or Productivity
  Roberton C. Williams #8049 (PE)
  
• Health Effects in a Model of Second-Best Environmental Taxation or Reconsidering "Reconsidering the Tax-Interaction Effect"
  Roberton C. Williams #8048 (PE)
  
• The Role of Interest Rates in Federal Reserve Policymaking
  Benjamin M. Friedman #8047 (ME)
  
• Industrial Groupings and Strategic FDI: Theory and Evidence
  Bruce A. Blonigen, Christopher J. Ellis, and Dietrich Fausten #8046 (ITI)
  
• Adverse Selection in Insurance Markets: Policyholder Evidence from the U.K. Annuity Market
  Amy Finkelstein and James Poterba #8045 (A, CF, PE)
  
• European Financial markets After EMU: A First Assessment
  Jean-Pierre Danthine, Francesco Giavazzi, and Ernst-Ludwig von Thadden #8044 (IFM)
  
• Closed and Open Economy Models of Business Cycles with Marked up and Sticky Prices
  Robert J. Barro and Silvana Tenreyro #8043 (EFG, IFM)
  
• Consequences of Imbalanced Sex Ratios: Evidence from America's Second Generation
  Josh Angrist #8042 (LS)
  
• The Conventioanl Treatment of Seasonality in Business Cycle Analysis: Does it Create Distortions?
  Lawrence J. Christiano and Richard M. Todd #T0266 (TWP)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Prefunding in a Defined Benefit Pension System - The Finnish Case"
  Jukka Lassila and Tarmo Valkonen
  "IMF Structural Programs"
  Morris Goldstein

Week of December 11, 2000

New Book Chapters

• Growth Economics and Reality
  William A. Brock and Steven N. Durlauf #8041 (EFG)
  
• The Welfare Cost of Business Cycles Revisited: Finite Lives and Cyclical Variation in Idiosyncratic Risk
  Kjetil Storesletten, Chris I. Telmer, and Amir Yaron #8040 (EFG)
  
• Style Investing
  Nicholas Barberis and Andrei Shleifer #8039 (AP)
  
• Firm Level Investment and R&D in France and the United States: A Comparison
  BenoÎt Mulkay, Bronwyn H. Hall, Jacques Mairesse #8038 (IO, PR)
  
• The Optimal Treatment of Tax Expenditures
  Emmanuel Saez #8037 (PE)
  
• Issue Unbundling via Citizens' Initiatives
  Timothy Besley and Stephen Coate #8036 (PE)
  
• The EMS Crisis in Retrospect
  Barry Eichengreen #8035 (IFM)
  
• The Social Consequences of Housing
  Edward L. Glaeser and Bruce Sacerdote #8034 (LE, PE)
  

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  The following are new or updated chapters for forthcoming books:

  "Prudential Supervision: Why Is It Important and What Are the Issues?"
  Frederic S. Mishkin
  "Seeking a Premier League Economy: the Role of Privatization"
  Richard Green and Jonathan Haskel
  "Shared Modes of Compensation and Firm Performance: UK Evidence,"
  Martin J. Conyon and Richard B. Freeman
  "Characteristics of Foreign-Owned Firms in British Manufacturing"
  Rachel Griffith and Helen Simpson
  "The Surprising Retreat of Union Britain"
  John Pencavel
  "Pension Reform and Economic Performance in Britain in the 1980s and 1990s"
  Richard Disney, Carl Emmerson and Sarah Smith
  "Britain's Record on Skills"
  Richard Layard, Steve McIntosh and Anna Vignoles
  "Whither Poverty in the Great Britain and the United States? The Determinants of Changing Poverty and Whether Work Will Work"
  Richard Dickens and David T. Ellwood
  "Labour Market Reforms and Changes in Wage Inequality in the United Kingdom and the United States"
  Amanda Gosling and Thomas Lemieux
  "Mobility and Joblessness"
  Paul Gregg, Steve Machin and Alan Manning
  "Has 'In Work' Benefit Reform Helped the Labour Market?"
  Richard Blundell and Hilary Hoynes

Week of December 4, 2000

• On the Japanese Economy and Japanese National Accounts
  Albert Ando #8033 (EFG)
  
• The Effects of 401(k) Plans on Household Wealth: Differences Across Earnings Groups
  Eric M. Engen and William G. Gale #8032 (A, PE)
  
• The Middle Class Parent Penalty: Child Benefits in the U.S. Tax Code
  David T. Ellwood and Jeffrey B. Liebman #8031 (A, LS, PE)
  
• An sS Model with Adverse Selection
  Christopher L. House and John V. Leahy #8030 (EFG)
  
• The Desirability of Commodity Taxation under Non-Linear Income Taxation and Heterogenous Tastes
  Emmanuel Saez #8029 (PE)
  
• Where did British Foreign Capital Go? Fundamentals, Failures and the Lucas Paradox: 1870-1913
  Michael A. Clemens and Jeffrey G. Williamson #8028 (DAE)
  
• Market Mechanisms for Policy Decisions: Tools for the European Union
  Alessandra Casella #8027 (IFM)
  
• Games for Central Bankers: Markets v/s Politics in Public Policy Decisions
  Alessandra Casella #8026 (IFM)
  
• Money and Inflation in the Euro Area: A Case for Monetary Indicators?
  Stefan Gerlach and Lars E.O. Svensson #8025 (ME)
  
• A Framework for Applied Dynamic Analysis in I.O.
  Ariel Pakes #8024 (IO, PR)
  
• Generalized Solow-Neutral Technical Progress and Postwar Economic Growth
  Michael J. Boskin and Lawrence J. Lau #8023 (EFG)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "The Role of Industrial Country Policies in Emerging Market Crises"
  Jeffrey Frankel and Nouriel Roubini
  "Medicare and the Federal Budget: Past Experience, Current Policy, Future Prospects"
  Mark McClellan
  "IMF Stabilization Programs"
  Anne O. Krueger
  "Re-Examining the Contributions of Money and Banking Shocks to the U.S. Great Depression"
  Harold L. Cole and Lee E. Ohanian
  Introduction to Distributional Aspects of Investment-Based Social Security Reform"
  Martin Feldstein and Jeffrey Liebman
  "Introduction: An American Perspective"
  Martin Feldstein
  "Introduction: A European Perspective"
  by Horst Siebert,
  "Introduction to International Taxation and Multinational Activity"
  by James R. Hines Jr.,
  "Introduction to Behavioral and Distributional Effects of Environmental Policy"
  Carlo Carraro and Gilbert E. Metcalf
  "Introduction to NBER Macroeconomics Annual 2000"
  Ben Bernanke and Kenneth Rogoff
  "Introduction to Medical Care Output and Productivity"
  David M. Cutler and Ernst Berndt
  "Introduction to Tax Policy and the Economy, Volume 15"
  James M. Poterba
  "Introduction to Regional and Global Capital Flows: Macroeconomic Causes and Consequences"
  Takatoshi Ito and Anne O. Krueger
  "Introduction to Innovation Policy and the Economy, Volume 1"
  Adam Jaffe, Joshua Lerner and Scott Stern
  "Introduction to Frontiers in Health Policy Research, Volume 3"
  "Introduction to Frontiers in Health Policy Research, Volume 4"
  "Introduction to New Developments in Productivity Analysis"
  Charles R. Hulten, Edwin R. Dean and Michael J. Harper
  "Introduction to Services Trade in the Asia-Pacific Region, NBER-EASE Volume 11"
  Takatoshi Ito and Anne O. Krueger
  "Introduction to Themes in the Economics of Aging"
  David Wise
  "Introduction to Aging Issues in the United States and Japan"
  David Wise

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