---

New This Week Archive

NBER Working Papers released in the past, by week.

---

Week of December 30, 2002

Latest NBER Working Papers

• Cut to the Bone? Hospital Takeovers and Nurse Employment Contracts
  Janet Currie, Mehdi Farsi, and W. Bentley McLeod #9428 (HC, LS)
  
• Capital Account Liberalization and Growth: Was Mr. Mahathir Right?
  Barry Eichengreen and David Leblang #9427 (IFM)
  
• An Information-Based Trade Off Between Foreign Direct Investment and Foreign Portfolio Investment: Volatility, Transparency, and Welfare
  Itay Goldstein and Assaf Razin #9426 (IFM)
  
• The Costs of Wrongful-Discharge Laws
  David H. Autor, John J. Donohue III, and Stewart J. Schwab #9425 (LE, LS)
  
• An Alternative Interpretation of the 'Resource Curse': Theory and Policy Implications
  Ricardo Hausman and Roberto Rigobon #9424 (IFM)
  
• Limited Arbitrage and Short Sales Restrictions: Evidence from the Options Markets
  Eli Ofek, Matthew Richardson, and Robert F. Whitelaw #9423 (AP)
  
• How Do Markets Function? An Empirical Analysis of Gambling on the National Football League
  Steven D. Levitt #9422 (LE, PE)
  
• What is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules
  Lars E. O. Svensson #9421 (EFG, ME)
  
• Optimal Interest Rate Rules: II. Applications
  Marc P. Giannoni and Michael Woodford #9420 (EFG, ME)
  
• Optimal Interest Rate Rules: I. General Theory
  Marc P. Giannoni and Michael Woodford #9419 (EFG, ME)
  
• Another Look at the New York City School Voucher Experiment
  Alan B. Kreuger and Pei Zhu #9418 (C, PE, ED)
  
• Foreign Firms and Indonesian Manufacturing Wages: An Analysis With Panel Data
  Robert E. Lipsey and Frederik Sjoholm #9417 (ITI, P)
  
• Oligopoly Deregulation in General Equilibrium: A Tax Neutralization Result
  Gilbert E. Metcalf and George Norman #9416 (PE)
  
• Oligopoly Deregulation and the Taxation of Commodities
  Gilbert E. Metcalf and George Norman #9415 (PE)
  
• Catching Cheating Teachers: The Results of an Unusual Experiment in Implementing Theory
  Brian A. Jacob and Steven D. Levitt #9414 (C, LE, PE, ED)
  
• Rotten Apples: An Investigation of the Prevalence and Predictors of Teacher Cheating
  Brian A. Jacob and Steven D. Levitt #9413 (C, LE, PE, ED)
  
• Trading with the Unborn: A New Perspective on Capital Income Taxation
  Kent A. Smetters #9412 (A, PE)
  
• Fractionalization
  Alberto Alesina, Arnaud Devleeschauer, William Easterly, Sergio Kurlat, and Romain Wacziarg #9411 (EFG, PE)
  
• Pareto Improving Social Security Reform when Financial Markets are Incomplete!?
  Dirk Krueger and Felix Kubler #9410 (A, EFG, PE)
  
• Why Is There So Little Money in U.S. Politics?
  Stephen Anolobehere, John M. de Figueiredo, and James M. Snyder #9409 (LE, PE)
  
• Skill-specific rather than General Education: A Reason for US-Europe Growth Differences?
  Dirk Krueger and Krishna B. Kumar #9408 (EFG)
  

  Chapters for Forthcoming NBER Books

  Introduction, Structural Impediments to Growth in Japan"
  edited by Magnus Blomström, Jennifer Corbett, Fumio Hayashi and Anil Kashyap
  "Regulation, Distribution Efficiency, and Retail Density"
  David Flath
  "Is Japan's Innovation Capacity In Decline?"
  Lee Branstetter and Yoshiaki Nakamura
  "Constraints on the Level and Efficient Use of Labor in Japan"
  Hiroshi Ono and Marcus E. Rebick
  "Mismeasurement of the CPI"
  Kenn Ariga and Kenji Matsui
  "Australia's 1990s Productivity Surge and Its Determinants"
  Dean Parham
  "Institutions, Volatility, and Crises"
  Daron Acemoglu, Simon Johnson and James Robinson
  "Ideas and Education: Level or Growth Effects?"
  Steve Dowrick
  "Unions and Employment in Uruguay"
  Adriana Cassoni, Steven G. Allen and Gaston J. Labadie

---

Week of December 23, 2002

Latest NBER Working Papers

• Social Security Programs and Retirement Around the World: Micro Estimation
  Jonathan Gruber and David A. Wise #9407 (A, LS, PE)
  
• Welfare Reform and Non-Marital Fertility in the 1990s: Evidence from Birth Records
  Theodore Joyce, Robert Kaestner, and Sanders Korenman #9406 (C, HE, PE)
  
• The Effect of the State Children's Health Insurance Program on Health Insurance Coverage
  Anthony T. LoSasso and Thomas C. Buchmueller #9405 (HE, PE)
  
• Retirement and the Stock Market Bubble
  Alan L. Gustman and Thomas L. Steinmeier #9404 (A, LS)
  
• Managerial Incentives and the International Organization of Production
  Elhanan Helpman and Gene M. Grossman #9403 (ITI, PE)
  
• Optimal Monetary Policy
  Aubhik Khan, Robert G. King, and Alexander Wolman #9402 (EFG)
  
• Closed Jaguar, Open Dragon: Comparing Tariffs in Latin America and Asia before World War II
  Michael A. Clemens and Jeffrey G. Williamson #9401 (DAE, ITI)
  
• The Consequences of Merit Aid
  Susan Dynarski #9400 (C, PE, ED)
  
• Welfare Reform and Changes in the Economic Well-Being of Children
  Neil G. Bennett, Hsien-Hen Lu, and Younghwan Song #9399 (C, HE)
  
• Exchange Rate, Equity Prices and Capital Flows
  Harald Hau and Helene Rey #9398 (IFM)
  
• Volatility, employment and the patterns of FDI in emerging markets
  Joshua Aizenman #9397 (ITI)
  
• Changes in the Value of Life: 1940-1980
  Dora L. Costa and Matthew E. Kahn #9396 (A, DAE, HC, HE)
  

---

Week of December 16, 2002

Latest NBER Working Papers

• Changes over time in union relative wage effects in the UK and the US revisited
  David G. Blanchflower and Alex Bryson, #9395 (LS)
  
• Health Insurance and Households' Precautionary Behaviors - An Unusual Natural Experiment
  Shin Yi Chou, Jin-Tan Liu and James K Hammitt #9394 (HE, HC)
  
• Empirical Exchange Rate Models of the Nineties: Are Any Fit to Survive?
  Yin-Wong Cheung, Menzie D. Chinn, and Antonio Garcia Pascual #9393 (IFM)
  
• Mutual Fund Performance with Learning Across Funds
  Christopher S. Jones and Jay Shanken #9392 (AP)
  
• Exchange Rate Dynamics: Learning and Misperception
  Pierre-Olivier Gourinchas and Aaron Tornell #9391 (EFG, IFM)
  
• Endogenous Money or Sticky Prices?
  Peter N. Ireland #9390 (ME)
  
• The Effect of High School Matriculation Awards: Evidence from Randomized Trials
  Joshua D. Angrist and Victor Lavy #9389 (C, ED, LS)
  
• How Well Do Banks Manage Thier Reserves?
  Eduardo Jallath-Coria, Tridas Mukhopadhyay, and Amir Yaron #9388 (AP, ME)
  
• U.S. Imports, Exports and Tariff Data, 1989-2001
  Robert C. Feenstra, John Romalis, and Peter K. Schott #9387 (ITI)
  
• An International Perspective of Japan's Corporate Groups and their Prospects
  Yishay Yafeh #9386 (C)
  
• Paying for the FILP
  Takero Doi and Takeo Hoshi #9385 (CF, EFG)
  
• Sorting Out Japan's Financial Crisis
  Anil Kashyap #9384 (CF, EFG, ME)
  
• Interpretable Asset Markets?
  Ravi Bansal, Varoujan Khatchatrian, and Amir Yaron #9383 (AP)
  
• Consumption over the Life Cycle: Some Facts from Consumer Expenditure Survey Data
  Jesus Fernandez-Villaverde and Dirk Krueger #9382 (EFG)
  
• Speculative Growth
  Ricardo J. Caballero and Mohamad L. Hammour #9381 (EFG)
  

  Chapters for Forthcoming NBER Books

  "Changes in the Age Distribution of Mortality Over the 20th Century"
  David M. Cutler and Ellen Meara
  "Does Money Protect Health Status? Evidence from South African Pensions"
  Anne Case
  Comment by Robert Jensen on "Does Money Protect Health Status? Evidence from South African Pensions"
  Anne Case
  "Area Differences in Utilization of Medical Care and Mortality Among U.S. Elderly," Victor R. Fuchs, Mark McClellan and Jonathan Skinner, http://www.nber.org/books/boulders01/index.html.
  "Minimum Wages in Latin America," William F. Maloney and Jairo Nuñez, http://www.nber.org/books/law-employ/index.html.
  "Child Care Subsidy Programs"
  David M. Blau
  "Healthy, Wealthy, and Wise: New Evidence from AHEAD Wave 3"
  Michael D. Hurd, Daniel McFadden, Angela Merrill and Tiago Ribeiro

---

Week of December 9, 2002

Latest NBER Working Papers

• Cointegration Vector Estimation by Panel DOLS and Long-Run Money Demand
  Nelson C. Mark and Donggyu Sul #T287 (TWP)
  
• Estimating Affine Multifactor Term Structure Models Using Closed-Form Likelihood Expansions
  Yacine Ait-Sahalia and Robert Kimmel #T286 (TWP)
  
• Does Evidence Favor State Competition in Corporate Law?
  Lucian Bebchuk, Alma Cohen, and Allen Ferrell #9380 (CF, LE)
  
• Law and Finance: Why Does Legal Origin Matter?
  Thorsten Beck, Asli Demirguc-Kunt, and Ross Levine #9379 (IFM, LE)
  
• The Rise of Europe: Atlantic Trade, Institutional Change and Economic Growth
  Daron Acemoglu, Simon Johnson, and James Robinson #9378 (EFG, ITI)
  
• Why Not a Political Coase Theorem? Social Conflict, Commitment and Politics
  Daron Acemoglu #9377 (EFG)
  
• High-Frequency Contagion of Currency Crises in Asia
  Takatoshi Ito and Yuko Hashimoto #9376 (IFM, ITI)
  
• What Measure of Inflation Should a Central Bank Target?
  N. Gregory Mankiw and Ricardo Reis #9375 (EFG, ME)
  
• Capital Tax Incidence: First Impressions from the Time Series
  Casey B. Mulligan #9374 (EFG, PE)
  
• Capital, Interest, and Aggregate Intertemporal Substitution
  Casey B. Mulligan #9373 (EFG, ME, PE)
  
• PPP Strikes Back: Aggregation and the Real Exchange Rate
  Jean Imbs, Haroon Mumtaz, Morten O. Ravn, and Helene Rey #9372 (IFM)
  
• Corporate Governance and Control
  Marco Becht, Patrick Bolton, and Alisa Roell #9371 (CF)
  
• Time Inconsistency and Free-Riding in a Monetary Union
  V. V. Chari and Patrick J. Kehoe #9370 (EFG, IFM, ME)
  
• Debt Relief: What Do the Markets Think?
  Serkan Arslanalp and Peter Blair Henry #9369 (CF, IFM)
  
• Financial Sector Profitability and Double-Gearing
  Mitsuhiro Fukao #9368 (CF, ME)
  
• The Deteriorating Fiscal Situation and an Aging Population
  Robert Dekle #9367 (EFG, PE)
  
• Human Capital and Earnings Distribution Dynamics
  Mark Huggett, Gustavo Ventura, and Amir Yaron #9366 (AP, EFG)
  
• Asset Pricing Implications of Firms' Financing Constraints
  Joao Gomes, Amir Yaron, and Lu Zhang #9365 (AP)
  
• Asset Prices and Business Cycles with Costly External Finance
  Joao Gomes, Amir Yaron, and Lu Zhang #9364 (AP, EFG)
  
• The Scope of Open Source Licensing
  Josh Lerner and Jean Tirole #9363 (CF, IO, P)
  
• Explaining the Flood of Asbestos Litigation: Consolidation, Bifurcation, and Bouquet Trials
  Michelle J. White #9362 (LE)
  
• The Economic Consequences of a War with Iraq
  William D. Nordhaus #9361 (EFG, PE)
  

---

Week of December 2, 2002

Latest NBER Working Papers

• Mother's Education and the Intergenerational Transmission of Human Capital: Evidence from College Openings and Longitudinal Data
  Janet Currie and Enrico Moretti #9360 (LS, C)
  
• Judging Fund Managers by the Company They Keep
  Randolph Cohen, Joshua Coval, and Lubos Pastor #9359 (AP)
  
• An Evaluation of Instrumental Variable Strategies for Estimating the Effects of Catholic Schools
  Joseph Altonji, Todd Elder, and Christopher Taber #9358 (C, ED)
  
• Deaths Rise in Good Economic Times: Evidence from the OECD
  Ulf-G. Gerdtham and Christopher J. Ruhm #9357 (C, HC, HE)
  
• Paycheck Receipt and the Timing of Consumption
  Melvin Stephens Jr. #9356 (EFG, LS)
  
• The Credit Channel in Middle Income Countries
  Aaron Tornell and Frnak Westermann #9355 (IFM, ME)
  

---

Week of November 25, 2002

Latest NBER Working Papers

• Identification and Estimation of Triangular Simultaneous Equations Models Without Additivity
  Guido W. Imbens and Whitney K. Newey #T285 (TWP)
  
• Educational Vouchers and Cream Skimming
  Dennis Epple and Richard Romano #9354 (C, PE, ED)
  
• Debt Policy, Corporate Taxes, and Discount Rates
  Mark Grinblatt and Jun Liu #9353 (AP)
  
• Why Do Consumer Prices React Less than Import Prices to Exchange Rates?
  Philippe Bacchetta and Eric van Wincoop #9352 (IFM, ITI)
  
• Pharmaceutical-embodied technical progress, longevity, and quality of life: drugs as "equipment for your health"
  Frank R. Lichtenberg and Suchin Virabhak #9351 (HC, P)
  
• Determinants of Drug Injection Behavior: Economic Factors, HIV Injection Risk and Needle Exchange Programs
  Jeff DeSimone #9350 (HE)
  
• Temporary Shocks and Unavoidable Transitions to a High-Unemployment Regime
  Wouter J. Denhaan #9349 (EFG)
  
• One Simple Test of Samuelson's Dictum for the Stock Market
  Jeeman Jung and Robert J. Shiller #9348 (AP, EFG, ME)
  
• Do WTO Members have More Liberal Trade Policy?
  Andrew K. Rose #9347 (ITI)
  
• The Link Between Public and Private Insurance and HIV-Related Mortality
  Jay Bhattacharya, Dana Goldman and Neeraj Sood #9346 (HC)
  
• Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31
  Maurice Obstfeld and Alan M. Taylor #9345 (DAE, EFG, IFM)
  

  Chapters for Forthcoming NBER Books

  "The Deteriorating Fiscal Situation and an Aging Population"
  Robert Dekle
  "The Role and Functioning of Public-Interest Legal Organizations in the Enforcement of the Employment Laws"
  Christine Jolls
  "Wealth Portfolios in the UK and the US"
  James Banks, Richard Blundell and James P. Smith
  "Aging and Housing Equity: Another Look"
  Steven F. Venti and David A. Wise
  Comment by Jonathan Skinner on "Aging and Housing Equity: Another Look"
  Steven F. Venti and David A. Wise
  "Who Gets Paid to Save?"
  Jagadeesh Gokhale and Laurence J. Kotlikoff
  "The Divergence Between Book and Tax Income"
  Mihir A. Desai
  "The Benefits of the Home Mortgage Interest Deduction"
  Edward L. Glaeser and Jesse M. Shapiro
  "A Submerging Labor Market Institution? Unions and the Non-Wage Aspects of Work"
  Thomas C. Buchmueller, John E. DiNardo and Robert G. Valletta
  "Development Intermediaries and the Training of Low-Wage Workers"
  Lisa M. Lynch
  Comment by Joseph Newhouse on "Area Differences in Utilization of Medical Care and Mortality Among U.S. Elderly"
  Victor R. Fuchs, Mark McClellan and Jonathan Skinner
  Introduction to "Seeking a Premier League Economy"
  edited by Richard Blundell, David Card and Richard B. Freeman
  "Competition for Multinational Investment in Developing Countries: Human Capital, Infrastructure and Market Size"
  David L. Carr, James R. Markusen and Keith E. Maskus
  "Openness and Growth: What's the Empirical Relationship?"
  Robert E. Baldwin
  Comment by Kimberly Ann Elliott on "Globalization and Democracy"
  Carl B. Hamilton
  Comment by Harry Flam on "Assessing Globalizations Critics: "Talkers are No Good Doers?"
  Kimberly Ann Elliott, Debayani Kar and J. David Richardson
  "Economic Growth and Productivity around GATT/WTO Accessions: Evidence from the World, 1960-89"
  David D. Li and Changqi Wu
  "Information Technology and Firm Performance in Korea"
  Jong-Il Kim
  "How Important is Discrete Adjustment in Aggregate Fluctuations?"
  Andrew Caplin and John Leahy

---

Week of November 18, 2002

Latest NBER Working Papers

• Pricing the Global Industry Portfolios
  Stefano Cavaglia, Robert J. Hodrick, Moroz Vadim, and Xiaoyan Zhang #9344 (AP, IFM)
  
• Cross-Border Trading as a Mechanism for Capital Flight: ADRs and the Argentine Crisis
  Sebastian Auguste, Kathryn M.E. Dominguez, Herman Kamil, and Linda L. Tesar #9343 (IFM)
  
• Why Measure Inequality?
  Louis Kaplow #9342 (LE, PE)
  
• The Own-Price of Money and a New Channel of Monetary Transmission
  Michael T. Belongia and Peter N. Ireland #9341 (ME)
  
• Personal Bankruptcy and the Level of Entrepreneurial Activity
  Wei Fan and Michelle J.White #9340 (CF, LE)
  
• Economic Insecurity and the Globalization of Production
  Kenneth Scheve and Matthew J. Slaughter #9339 (ITI)
  
• The Impact of Welfare Benefits on Single Motherhood and Headship of Young Women: Evidence from the Census
  Francine D. Blau, Lawrence M. Kahn, and Jane Waldfogel #9338 (C, LS)
  
• IS-LM-BP in the Pampas
  Luis Felipe Cespedes, Roberto Chang, and Andres Velasco #9337 (IFM)
  
• Shooting Down the More Guns, Less Crime Hypothesis
  Ian Ayres and John J. Donohue III #9336 (LE)
  
• Minimum Asset Requirements
  Steven Shavell #9335 (LE)
  
• Why Europe Should Love Tax Competition - and the U.S. Even More So
  Eckhard Janeba and Guttorm Schjelderup #9334 (PE)
  
• Historical Perspectives on Financial Development and Economic Growth
  Peter L. Rousseau #9333 (DAE, EFG, ME)
  

  Chapters for Forthcoming NBER Books

  "The Deteriorating Fiscal Situation and an Aging Population"
  Robert Dekle
  "An International Perspective of Corporate Groups and their Prospects"
  Yishay Yafeh
  Comment by Robert E. Hall on "Has the Business Cycle Changed and Why?" by James H. Stock and Mark W. Watson
  "Paying for the FILP"
  Takero Doi and Takeo Hoshi

---

Week of November 11, 2002

Latest NBER Working Papers

• Trade Openness, Investment Instability and Terms-of-Trade Volatility
  Assaf Razin, Efraim Sadka, and Tarek Coury #9332 (IFM, ITI)
  
• Borrowing Costs and the Demand for Equity Over the Life Cycle
  Steven J. Davis, Felix Kubler, and Paul Willen #9331 (AP, EFG)
  
• State Lotteries and Consumer Behavior
  Melissa Schettini Kearney #9330 (C)
  
• Addiction and Cue-Conditioned Cognitive Processes
  B. Douglas Bernheim and Antonio Rangel #9329 (HE)
  
• The Value of Information in International Trade: Gains to Outsourcing through Hong Kong
  Robert C. Feenstra, Gordon H. Hanson, and Songhua Lin #9328 (ITI, P)
  
• Horses and Rabbits? Optimal Dynamic Capital Structure from Shareholder and Manager Perspectives
  Nengjiu Ju, Robert Parrino, Allen M. Poteshman, and Michael S. Weisbach #9327 (CF)
  
• Globalization, Trade, and Development: Some Lessons From History
  Alan M. Taylor #9326 (DAE, ITI)
  
• Why Have Health Expenditures as a Share of GDP Risen So Much?
  Charles I. Jones #9325 (EFG, HC, HE)
  
• Institutional Efficiency, Monitoring Costs, and the Investment Share of FDI
  Joshua Aizenman and Mark M. Spiegel #9324 (ITI)
  
• Bank Regulation and Supervision: What Works Best?
  James R. Barth, Gerard Caprio, Jr., and Ross Levine #9323 (CF, IFM)
  
• How Country and Safety-Net Characteristics Affect Bank Risk-Shifting
  Armen Hovakimian, Edward J. Kane, and Luc Laeven #9322 (CF)
  
• Asset Price Inflation and Monetary Policy
  Anna J. Schwartz #9321 (ME)
  
• Customer Anger at Price Increases, Time Variation in the Frequency of Price Changes and Monetary Policy
  Julio J. Rotemberg #9320 (EFG, ME)
  
• Food For Thought: The Effects of School Accountability Plans on School Nutrition
  David N. Figlio and Joshua Winicki #9319 (C, ED)
  
• The Rise and Fall of World Trade, 1870-1939
  Antoni Estevadeordal, Brian Frantz, and Alan M. Taylor #9318 (ITI)
  
• Health and Retirement: Do Changes in Health Affect Retirement Expectations?
  Kathleen McGarry #9317 (A)
  

  Chapters for Forthcoming NBER Books

  "Financial Sector Profitability and Double-Gearing"
  Mitsuhiro Fukao
  Introduction to "Tax Policy and the Economy," Volume 17
  edited by James M. Poterba
  "Do U.S. Multinationals Face Different Tax Budens than Other Companies?"
  Julie H. Collins and Douglas A. Shackelford
  "Did the 2001 Tax Rebate Stimulate Spending? Evidence from Taxpayer Surveys"
  Matthew D. Shapiro and Joel Slemrod
  "Has the Business Cycle Changed and Why?"
  James H. Stock and Mark W. Watson
  Comment by Pierre-Olivier Gourinchas on "Expenditure Switching and Exchange Rate Policy," by Charles Engel
  Comment by Fabrizio Perri on "Current Accounts in the Long and Short Run," by Aart Kraay and Jaume Ventura

---

Week of November 4, 2002

Latest NBER Working Papers

• Testing for Weak Instruments in Linear IV Regression
  James H. Stock and Motohiro Yogo #T284 (TWP)
  
• Human Capital Spillovers in Manufacturing: Evidence from Plant-Level Production Finctions
  Enrico Moretti #9316 (P)
  
• Credibility and Policy Convergence: Evidence from U.S. House Roll Call Voting Records
  David S. Lee, Enrico Moretti and Matthew J. Butler #9315 (PE)
  
• The Correlation of Wealth Across Generations
  Kerwin Kofi Charles and Erik Hurst #9314 (LS)
  
• The Wage Structure and the Sorting of Workers into the Public Sector
  Geroge J. Borjas #9313 (LS, PE)
  
• The Flight-to-Liquidity Premium in U.S. Treasury Bond Prices
  Francis A. Longstaff #9312 (AP)
  
• Technological Development and Medical Productivity: The Diffusion of Angioplasty in New York State
  David M. Cutler and Robert S. Huckman #9311 (HC)
  
• Who goes to College? Differential Enrollment by Race and Family Background
  Sandra E. Black and Amir Sufi #9310 (LS, ED)
  
• The Corporate Governance Role of the Media
  Alexander Dyck and Luigi Zingales #9309 (CF)
  
• Did the 2001 Tax Rebate Stimulate Spending? Evidence from Taxpayer Surveys
  Joel Slemrod #9308 (EFG, PE)
  
• Accountabilty, Ability, and Disability: Gaming the System
  David N. Figlio #9307 (C, PE)
  
• Is there a Role for Discretionary Fiscal Policy
  Alan J. Auerbach #9306 (EFG, PE)
  
• Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development
  Dani Rodrik, Arvind Subramanian, and Francesco Trebbi #9305 (ITI)
  
• Bubbles and Capital Flows
  Jaume Vemtura #9304 (IFM)
  
• The Dual Effects of Property Regulations: Within- and Between- Patent Competition in the US Pharmaceuticals Industry
  Frank R. Lichtenberg and Tomas J. Philipson #9303 (HC, HE, P)
  
• The "Arms Race on American Roads: The Effect of Heavy Vehicles on Traffic Safety and the Failure of Liability Rules
  Michelle J. White #9302 (LE, PE)
  
• Stochastic Taxation and Asset Pricing in Dynamic General Equilibrium
  Clemens Sialm #9301 (AP, PE)
  
• Outsourcing versus FDI in Industry Equilibrium
  Gene M. Grossman and Elhanan Helpman #9300 (IO, ITI, P)
  

  Chapters for Forthcoming NBER Books

  Introduction to the volume, "Governance, Regulation and Privatization"
  EASE Volume 12, edited by Takatoshi Ito and Anne O. Krueger

  "Fringe Benefit Provision for Female Part-Time Workers in Japan"
  Yukiko Abe
  "Unions, the Costs of Job Loss, and Vacation"
  Fumio Ohtake
  "Income Security Programs and Retirement in Canada"
  Michael Baker, Jonathan Gruber and Kevin Milligan
  "The Impact of Incentives on Retirement in Denmark"
  Paul Bingley, Nabanita Datta Gupta and Peder J. Pedersen
  "Estimating Models of Retirement Behavior on French Data"
  Ronan Mahieu and Didier Blanchet
  "Micro Modeling of Retirement Behavior in Italy"
  Agar Brugiavini and Franco Peracchi
  Introduction, by David A. Wise, to the volume "Labor Markets and Firm Benefit Policies in Japan and the United States, edited by Seiritsu Ogura, Toshiaki Tachibanaki and David A. Wise
  "The Recent Transformation of Participatory Employment Practices in Japan"
  Takao Kato
  "Determinants of the Shadow Value of Simultaneous Information Sharing in the Japanese Machine-Tool Manufacturing Industry"
  Hiroyuki Chuma
  "Individual Expenditures and Medical Saving Accounts: Can They Work?" Matthew J. Eichner, Mark B. McClellan and David A. Wise, http://www.nber.org/books/otw1-00/index.html.
  "Option Value Estimation with HRS Data"
  Andrew Samwick and David A. Wise
  "The Role of Firms in Welfare Provision"
  Toshiaki Tachibanaki

---

Week of October 28, 2002

Latest NBER Working Papers

• Simple and Bias-Corrected Matching Estimators for Average Treatment Effects
  Alberto Abadie and Guido Imbens #T283 (TWP)
  
• Health Insurance on the Internet and the Economics of Search
  Mark V. Pauly, Bradley Herring, and David Song #9299 (HC)
  
• Sources of Bias and Solutions to Bias in the CPI
  Jerry Hausman #9298 (PR)
  
• Financial Crises and Reform of the International Financial System
  Stanley Fischer #9297 (EFG, IFM, ME)
  
• China's Investment in Human Capital
  James J. Heckman #9296 (LS)
  
• Media Bias
  Sendhil Mullainathan and Andrei Shleifer #9295 (CF)
  
• Real Exchange Rate Targeting and Macrioeconomic Instability
  Martin Uribe #9295 (EFG, IFM)
  
• Home and Host Country Effects of FDI
  Robert E. Lipsey #9293 (ITI)
  
• Financial Globalization and Real Regionalization
  Jonathan Heathcote and Fabrizio Perri #9292 (EFG, IFM)
  

  Chapters for Forthcoming NBER Books

  Introduction to the volume, "Governance, Regulation and Privatization"
  EASE Volume 12, edited by Takatoshi Ito and Anne O. Krueger
  "Intergenerational Transfers and Savings Behavior"
  Jeffrey R. Brown and Scott Weisbenner
  Comment by Alan J. Auerbach on "Intergenerational Transfers and Savings Behavior"
  Jeffrey R. Brown and Scott Weisbenner
  "For Better or For Worse: Default Effects and 401(k) Savings Behavior"
  James J. Choi, David Laibson, Brigitte Madrian and Andrew Metrick
  Comment by James M. Poterba on "For Better or For Worse: Default Effects and 401(k) Savings Behavior"
  James J. Choi, David Laibson, Brigitte Madrian and Andrew Metrick
  "The Transition to Personal Accounts and Increasing Retirement Wealth: Macro and Micro Evidence," James M. Poterba, Steven F. Venti and David A. Wise, http://www.nber.org/books/boulders01/index.html.
  Comment by James M. Poterba on "Healthy, Wealthy, and Wise: New Evidence from AHEAD Wave 3"
  Michael D. Hurd, Daniel McFadden, Angela Merrill and Tiago Ribeiro
  "What Measure of Inflation Should a Central Bank Target?"
  N. Gregory Mankiw and Ricardo Reis

---

Week of October 21, 2002

Latest NBER Working Papers

• Solving Dynamic General Equilibrium Models Using a Second-Order Approximation to the Policy Function
  Stephanie Schmitt-Grohe and Martin Uribe #T282 (TWP)
  
• The Role of Output Stabilization in the Conduct of Monetary Policy
  Frederic S. Mishkin #9291 (EFG, ME)
  
• Agglomeration, Integration and Tax Harmonization
  Richard E. Baldwin and Paul Krugman #9290 (ITI, PE)
  
• Employee Stock Options, Corporate Taxes and Debt Policy
  John R. Graham, Mark H. Lang, and Douglas A. Shackelford #9289 (PE)
  
• Financial Globalization and Emerging Markets: With or Without Crash?
  Philippe Martin and Helene Rey #9288 (IFM)
  
• Digital Dispersion: An Indutrial and Geographic Census of Commercial Internet Use
  Chris Forman, Avi Goldfarb and Shane Greenstein #9287 (IO, PR)
  
• Margin Calls, Trading Costs, and Asset Prices in Emerging Markets: The Financial Mechanics of the 'Sudden Stop' Phenomenon
  Enrique G. Mendoza and Katherine A. Smith #9286 (IFM)
  
• A Gravity Model of Sovereign Lending: Trade, Default and Credit
  Andrew K. Rose and Mark M. Spiegel #9285 (IFM)
  
• The Benefits of the Home Mortgage Interest Deduction
  Edward L. Glaeser and Jesse M. Shapiro #9284 (EFG, PE)
  
• Prices vs. Quantities vs. Tradable Quantities
  Roberton C. Williams III #9283 (EE, PE)
  
• After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies
  Karla Hoff and Joseph E. Stiglitz #9282 (LE)
  
• Is Health Insurance Affordable for the Uninsured?
  M. Kate Bundorf and Mark V. Pauly #9281 (HC)
  
• Does Medicare Benefit the Poor? New Answers to an Old Question
  Jay Bhattacharya and Darius Lakdawalla #9280 (HC)
  
• Mergers as Reallocation
  Boyan Jovanovic and Peter L. Rousseau #9279 (DAE, EFG, PR)
  
• The Stability and Growth Pact as an Impediment to Privatizing Social Security
  Assaf Razin and Efraim Sadka #9278 (PE)
  
• Anomalies and Market Efficiency
  G. William Schwert #9277 (AP)
  

---

Week of October 14, 2002

Latest NBER Working Papers

• Still Fettered After All These Years
  Barry Eichengreen #9276 (DAE, EFG, IFM, ME)
  
• Mutual Fund Flows and Performance in Rational Markets
  Jonathan B. Berk and Richard C. Green #9275 (AP)
  
• The Evolution of Economic Understanding and Postwar Stabilization Policy
  Christina D. Romer and David H. Romer #9274 (DAE, EFG, ME)
  
• Do We Really Know that the WTO Increases Trade?
  Andrew K. Rose #9273 (ITI)
  
• Information Technology Externalities: Empirical Evidence from 42 U.S. Industries
  Sung-Bae Mun and M. Ishaq Nadiri #9272 (EFG, PR)
  
• Federal Terroirsm Risk Insurance
  Jeffrey R. Brown, Randall S. Kroszner and Brian H. Jenn #9271 (PE)
  
• Closing Small Open Economy Models
  Stephanie Schmitt-Grohe and Martin Uribe #9270 (EFG)
  
• Competition and Innovation: An Inverted U Relationship
  Philippe Aghion, Nicholas Bloom, Richard Blundell, Rachel Griffith, and Peter Howitt #9269 (EFG, PR)
  
• Asset Allocation and Asset Location: Household Evidence from the Survey of Consumer Finances
  Daniel Bergstresser and James Poterba #9268 (PE)
  
• Decomposing Productivity Growth in the U.S. Computer Industry
  Hyunbae Chun and M. Ishaq Nadiri #9267 (PR)
  
• The High Demand for International Reserves in the Far East: What's Going On?
  Joshua Aizenman and Nancy Marion #9266 (IFM)
  
• Short and Long Run Decompositions of OECD Wage Inequality Changes
  T. Huw Edwards and John Whalley #9265 (ITI, LS)
  
• What is the Price of Hubris? Using Takeover Battles to Infer Overpayments and Synergies
  Pekka Hietala, Steven N. Kaplan, and David T. Robinson #9264 (AP, CF)
  
• How Important are Classroom Peer Effects? Evidence from Boston's Metco Program
  Joshua D. Angrist and Kevin Lang #9263 (CH, LS, ED)
  
• Determinants of Real House Price Dynamics
  Dennis R. Capozza, Patric H. Hendershott, Charlotte Mack, and Christopher J. Mayer #9262 (PE)
  
• Exchange Rates and Casualties During the First World War
  George J. Hall #9261 (EFG, IFM, PE)
  
• Transparency and International Investor Behavior
  R. Gaston Gelos and Shang-Jin Wei #9260 (IFM, ITI)
  
• Factor Endowments, Inequality, and Paths of Development Among New World Economies
  Stanley L. Engerman and Kenneth L. Sokoloff #9259 (DAE, EFG)
  
• Redistribution Policy: A European Model
  Alessandra Casella #9258 (ITI)
  

---

Week of October 7, 2002

Latest NBER Working Papers

• The Great Exchange Rate Debate After Argentina
  Sebastian Edwards #9257 (IFM)
  
• Redistribution and Insurance: Mandatory Annuitization with Mortality Heterogeneity
  Jeffrey R. Brown #9256 (A, PE)
  
• The Role of Information in Driving FDI: Theory and Evidence
  Ashoka Mody, Assaf Razin and Efraim Sadka #9255 (IFM, ITI)
  
• The Labour Market in the New Information Economy
  Richard B. Freeman #9254 (LS, PR)
  
• Corporate Demand for Liquidity
  Heitor Almeida, Murillo Campello and Michael S. Weisbach #9253 (CF)
  
• Firm-Specific Resources, Financial-Market Development and the Growth of U.S. Multinationals
  Susan Feinberg and Gordon Phillips #9252 (CF, ITI)
  
• Financial Market Runs
  Antonio E. Bernardo and Ivo Welch #9251 (AP, CF)
  
• The Role of Company Stock in Defined Contribution Plans
  Olivia S. Mitchell and Stephen P. Utkus #9250 (A, LS)
  
• Rational Addiction, Peer Externalities and Long Run Effects of Public Policy
  Donald S. Kenkel, Robert R. Reed III and Ping Wang #9249 (HE)
  
• Optimal Drug Policy in Low-Income Neighborhoods
  Sheng-Wen Chang, N. Edward Coulson and Ping Wang #9248 (HE)
  
• An Economic Analysis of Adult Obesity: Results from the Behavioral Risk Factor Surveillance System
  Shin-Yi Chou, Michael Grossman and Henry Saffer #9247 (HE)
  
• Information Content of Equity Analyst Reports
  Paul Asquith, Michael B. Mikhail and Andrea S. Au #9246 (AP, CF)
  
• The Effect of Cigarette Excise Taxes on Smoking Before, Druing and After Pregnancy
  Greg Colman, Michael Grossman and Ted Joyce #9245 (CH, HE)
  
• I Did What Last Night?!!! Adolescent Risky Sexual Behaviors and Substance Use
  Michael Grossman and Sara Markowitz #9244 (CH, HE)
  
• Frictions and Tax-Motivated Hedging: An Empirical Exploration of Publicly-Traded Exchangeable Securities
  William M. Gentry and David M. Schizer #9243 (AP, PE)
  

  Chapters for Forthcoming NBER Books

  "Medicaid"
  Jonathan Gruber

  Introduction, "Social Security and Retirement Around the World: Micro-Estimation"
  edited by Jonathan Gruber and David A.Wise
  "Social Security and Retirement in Japan: An Evaluation Using Micro-Data"
  Takashi Oshio and Akiko Sato Oishi
  "Incentives and Exit Routes to Retirement in The Netherlands"
  Klaas de Vos and Arie Kapteyn
  "Income Security Programs and Retirement in Sweden"
  Mårten Palme and Ingemar Svensson
  "The Effect of Social Security on Retirement in the United States," Courtney Coile and Jonathan Gruber, http://www.nber.org/books/international-ss-00/index.html.
  "Geography, Institutions and Export Performance"
  Stephen Redding and Anthony J. Venables
  "Globalization and Dirty Industries: Do Pollution Havens Matter?" Jean-Marie Grether and Jaime de Melo, http://www.nber.org/books/isit02/index.html.
  Comment by Lars Svensson on "'Rules versus Discretion' after Twenty-Five Years"
  by Nancy L. Stokey
  "Monetary and Fiscal Policy Interactions in a Micro-Founded Model of a Monetary Union"
  Roel M. W. J. Beetsma and Henrik Jensen
  "Estimating the Effects of Fiscal Policy in OECD Countries"
  Roberto Perotti
  "Modeling Model Uncertainty"
  Alexei Onatski and Noah Williams
  "Inflation Dynamics, Marginal Cost, and the Output Gap: Evidence from Three Countries"
  Katharine S. Neiss and Edward Nelson
  "Micro Modeling of Retirement Behavior in Spain"
  Michele Boldrin, Sergi Jimenez-Martin and Franco Peracchi

---

---

Search the NBER Working Paper database

Papers by JEL Class

Papers Cited in the Press

Select Non-Technical Summaries

---

If you have questions regarding publications on this list or would like to make a suggestion regarding this page, please e-mail our Publications Department at orders@nber.org.

---