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New This Week Archive

NBER Working Papers released in the past, by week.

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Week of December 29, 2003

Latest NBER Working Papers

• Psychology and the Market
  Edward L. Glaesern #10203 (LE, AP, PE)
  
• Benchmarking the Returns to Venture
  Robert E. Hall and Susan E. Woodward #10202 (AP)
  
• The Dynamics of Work and Debt
  Jeffrey R. Campbell and Zvi Hercowitz #10201 (EFG)
  
• Wealth Destruction on a Massive Scale? A Study of Acquiring-Firm Returns in the Recent Merger Wave
  Sara B. Moeller, Frederik P. Schlingemann, and Rene M. Stulz #10200 (CF, AP)
  
• Age Variation in Workers' Value of Statistical Life
  Joseph E. Aldy and W. Kip Viscusi #10199 (HE, LS, LE)
  
• Ownership and Control in Outsourcing to China: Estimating the Property-Rights Theory of the Firm
  Robert C. Feenstra and Gordon H. Hanson #10198 (ITI)
  
• Should Exact Index Numbers Have Standard Errors? Theory and Application to Asian Growth
  Robert C. Feenstra and Marshall B. Reinsdorf #10197 (ITI)
  

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Week of December 22, 2003

Latest NBER Working Papers

• Optimal Policy with Low-Probability Extreme Events
  Lars E.O. Svensson #10196 (IFM, ME)
  
• Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others
  Lars E.O. Svensson #10195 (IFM, ME)
  
• Small Noise Asymptotics for a Stochastic Growth Model
  Noah Williams #10194 (EFG)
  
• Varieties of Currency Crises
  Graciela L. Kaminsky #10193 (IFM)
  
• Internal and External Labor Markets: A Personnel Economics Approach
  Edward P. Lazear and Paul Oyer #10192 (LS)
  
• The Rise of the Skilled City
  Edward L. Glaeser and Albert Saiz #10191 (EFG)
  
• Why Firms Adopt Antitakeover Arrangements
  Lucian Arye Bebchuk #10190 (CF, LE)
  

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Week of December 15, 2003

Latest NBER Working Papers

• Optimal Integration Strategies for the Multinational Firm
  Gene M. Grossman, Elhanan Helpman, and Adam Szeidl #10189 (ITI)
  
• Do Firms in Countries with Poor Protection of Investor Rights Hold More Cash?
  Lee Pinkowitz, Rene M. Stulz, and Rohan Williamson #10188 (CF)
  
• Menu Costs and Phillips Curves
  Mikhail Golosov and Robert E. Lucas #10187 (EFG)
  
• Stressed Out on Four Continents: Time Crunch or Yuppie Kvetch?
  Daniel S. Hamermesh and Jungmin Lee #10186 (LS)
  
• What You Don't Know Can't Help You: Pension Knowledge and Retirement Decision Making
  Sewin Chan and Ann Huff Stevens #10185 (A, LS)
  
• Risk Management, Capital Budgeting and Capital Structure Policy for Insurers and Reinsurers
  Kenneth A. Froot #10184 (CF, AP)
  
• The Invention of Inflation-Indexed Bonds in Early America
  Robert J. Shiller #10183 (EFG, DAE, ME)
  
• The Size and Composition of Wealth Holdings in the United States, Italy, and the Netherlands
  Arie Kapteyn and Constantijn Panis #10182 (A, PE)
  
• Assessing the Benefits to Developing Countries of Liberalization in Services Trade
  John Whalley #10181 (ITI)
  
• Choosing Between Peace and War
  Herschel I. Grossman #10180 (EFG)
  
• Assessing, Managing, and Financing Extreme Events: Dealing with Terrorism
  Howard Kunreuther, Erwann Michel-Kerjan, and Beverly Porter #10179 (PE)
  
• WTO Dispute Settlements in East Asia
  Dukgeun Ahn #10178 (ITI)
  
• Motivating Employee-Owners in ESOP Firms: Human Resource Policies and Company Performance
  Douglas Kruse, Richard Freeman, Joseph Blasi, Robert Buchele, Adria Scharf, Loren Rodgers, and Chris Mackin #10177 (LS)
  
• How Do Electoral Rules Shape Part Structures, Government Coalitions, and Economic Policies?
  Torsten Persson, Gerard Roland, and Guido Tabellini #10176 (PE)
  
• Bargaining in the Shadow of the Law: Divorce Laws and Family Distress
  Betsey Stevenson and Justin Wolfers #10175 (LS, LE)
  
• Wages Equal Productivity: Fact or Fiction?
  Johannes Van Biesebroeck #10174 (LS, P)
  
• The Impacts of an East Asia FTA on Foreign Trade in East Asia
  Shujiro Urata and Kozo Kiyota #10173 (ITI)
  

  Chapters for Forthcoming NBER Books

  Comment by Meng-chun Liu on "The Formation of International Production and Distribution Networks in East Asia," by Mitsuyo Ando and Fukunari Kimura"
  Comment by Bennett T. McCallum on "Implementing Optimal Policy through Inflation-Forecast Targeting," by Lars E.O. Svensson and Michael Woodford
  "Exporting and Performance of Plants: Evidence on Korean Manufacturing"
  Chin Hee Hahn
  Comment by Ji Chou on "Physical and Human Capital Deepening and New Trade Patterns in Japan," by Keiko Ito and Kyoji Fukao

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Week of December 8, 2003

Latest NBER Working Papers

• The Effects of Financial Crises on International Trade
  Zihui Ma and Leonard Cheng #10172 (IFM, ITI)
  
• Gold, Fiat Money and Price Stability
  Michael D. Bordo, Robert D. Dittmar, and William T. Gavin #10171 (DAE, ME)
  
• Consequences of Constitutions
  Torsten Persson #10170 (PE)
  
• International R&D Deployment and Locational Advantage: A Case Study of Taiwan
  Meng-Chun Liu and Shin-Horng Chen #10169 (ITI)
  
• Competitive Liberalization and a US-SACU FTA
  John Whalley and J. Clark Leith #10168 (ITI)
  
• The Formation of International Production and Distribution Networks in East Asia
  Mitsuyo Ando and Fukinari Kimura #10167 (ITI)
  
• Reinventing Boston: 1640-2003
  Edward L. Glaeser #10166 (DAE)
  
• Institutions, Capital Constraints and Entrepreneurial Firm Dynamics: Evidence from Europe
  Mihir Desai, Paul Gompers, and Josh Lerner #10165 (CF)
  
• Does Human Capital Transfer from Parent to Child? The Intergenerational Effects of Compulsory Schooling
  Philip Oreopoulos, Marianne E. Page, and Ann Huff Stevens #10164 (ED, LS, C)
  
• Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap
  Willem H. Buiter #10163 (EFG, ME)
  
• Remedies for Price Overcharges: The Deadweight Loss of Coupons and Discounts
  A. Mitchell Polinsky and Daniel L. Rubinfeld #10162 (LE)
  
• Choosing the Federal Reserve Chair: Lessons From History
  Christina D. Romer and David H. Romer #10161 (ME)
  
• The Trade and Investment Effects of Preferential Trading Arrangements
  Philippa Dee and Jyothi Gali #10160 (ITI)
  
• The Effects of Extending Intellectual Property Rights Protection to Developing Countries: A Case Study of the Indian Pharmaceutical Market
  Shubham Chaudhuri, Pinelopi K. Goldberg, and Panle Jia #10159 (ITI)
  
• Governance and Bank Valuation
  Gerard Caprio, Luc Laeven, and Ross Levine #10158 (CF, IFM)
  
• The Risk Tolerance of International Investors
  Kenneth A. Froot and Paul G. J. O'Connell #10157 (CF, IFM, AP)
  
• The Effects of Overseas Investment on Domestic Employment
  Tain-Jy Chen and Ying-Hua Ku #10156 (ITI)
  
• Do Dropouts Drop Out Too Soon: International Evidence From Changes in School-Leaving Laws
  Philip Oreopoulos #10155 (ED, LS, C)
  
• Common Sense and Simplicity in Empirical Industrial Organization
  Ariel Pakes #10154 (IO)
  
• The Character and Determinants of Corporate Capital Gains
  Mihir Desai and William M. Gentry #10153 (CF, PE)
  
• Trade Liberalization and Growth: New Evidence
  Romain Wacziarg and Karen Horn Welch #10152 (EFG, ITI)
  
• Commitment Vs. Flexibility
  Manuel Amador, Ivan Werning, and George-Marios Angeletos #10151 (EFG)
  

  Chapters for Forthcoming NBER Books

  "The Growing Problem of Antidumping Protection"
  Thomas J. Prusa
  Comment by James Harrigan on "Exporting and Performance of Plants: Evidence on Korea," by Chin Hee Hahn
  Comment by Da-Nien Liu on "WTO Dispute Settlements in East Asia," by Dukgeun Ahn
  Comment by Dukgeun Ahn on "The Impacts of East Asia FTA on Foreign Trade in East Asia," by Shujiro Urata and Kozo Kiyota

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Week of December 1, 2003

Latest NBER Working Papers

• Corporate Earnings Track the Competitive Benchmark
  Robert E. Hall #10150 (EFG, P, AP)
  
• Optimal Fiscal and Monetary Policy Under Imperfect Competition
  Stephanie Schmitt-Grohe and Martin Uribe #10149 (EFG, ME)
  
• The Effect of Word of Mouth on Sales: Online Book Reviews
  Judith A. Chevalier and Dina Mayzlin #10148 (IO)
  
• International Determinants of Religiosity
  Robert Barro and Rachel M. McCleary #10147 (EFG)
  
• Estimating Models of On-the-Job Search Using Record Statistics
  Gadi Barlevy #10146 (EFG, LS)
  
• Which Countries Export FDI, and How Much?
  Assaf Razin, Yona Rubenstein, and Efraim Sadka #10145 (IFM, ITI)
  
• Endogenous Financial Openness: Efficiency and Political Economy Considerations
  Joshua Aizenman and Ilan Noy #10144 (IFM, ITI)
  
• Liberalization in China's Key Service Sectors Following WTO Accession: Some Scenarios and Issues of Measurement
  John Whalley #10143 (ITI)
  
• Agents of Embeddedness
  Pierre Azoulay #10142 (P)
  
• Weather Forecasting for Weather Derivatives
  Sean D. Campbell and Francis X. Diebold #10141 (AP)
  
• The Two-Part Instrument in a Second-Best World
  Don Fullerton and Ann Wolverton #10140 (PE)
  
• A Simulation-Based Welfare Loss Calculation for Labor Taxes with Piecewise-Linear Budgets
  Don Fullerton and Li Gan #10139 (PE)
  
• Regeneration, Labour Supply and the Welfare Costs of Taxes
  Edgar Cudmore and John Whalley #10138 (PE)
  
• The Use of Literature Based Elasticity Estimates in Calibrated Models of Trade-Wage Decompositons: A Calibmetric Approach
  Hui Huang and John Whalley #10137 (ITI)
  
• Kleptocracy and Divide-and-Rule: A Model of Personal Rule
  Daron Acemoglu, James A. Robinson, and Thierry Verdier #10136 (EFG)
  
• Competitive Risk Sharing Contracts with One-Sided Commitment
  Dirk Krueger and Harald Uhlig #10135 (EFG)
  
• Does Child Labor Decline with Improving Economic Status?
  Eric V. Edmonds #10134 (C)
  
• Entrant Experience and Plant Exit
  Timothy Dunne, Shawn D. Klimek, and Mark J. Roberts #10133 (P)
  
• Aggregate Consequences of Limited Contract Enforceability
  Thomas Cooley, Ramon Marimon, and Vincenzo Quadrini #10132 (EFG)
  
• The Price is (Almost) Right
  Randolph B. Cohen, Christopher Polk, and Tuomo Vuolteenaho #10131 (AP)
  
• Have National Business Cycles Become More Synchronized?
  Michael D. Bordo and Thomas Helbling #10130 (EFG, IFM)
  
• Law and Employment: Lessons from Latin America and the Caribbean
  James Heckman and Carmen Pagés #10129 (LE, LS)
  
• External Constriants on Monetary Policy and the Financial Accelerator
  Mark Gertler, Simon Gilchrist, and Fabio Natalucci #10128 (EFG, IFM, ME)
  
• Health Plan Conversions: Are They in the Public Interest?
  Nancy Dean Beaulieu #10127 (HE)
  
• Legal Institutions and Financial Development
  Thorsten Beck and Ross Levine #10126 (CF, LE)
  
• International Lending of Last Resort and Moral Hazard: A Model of IMF's Catalytic Finance
  Giancarlo Corsetti, Bernardo Guimaraes, and Nouriel Roubini #10125 (IFM)
  

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Week of November 17, 2003

Latest NBER Working Papers

• Why is Manhattan So Expensive? Regulation and the Rise in House Prices
  Edward L. Glaeser, Joseph Gyourko, and Raven Saks #10124 (EFG, AP)
  
• The LM Curve: A Not-So-Fond Farewell
  Benjamin M. Friedman #10123 (ME)
  
• The Timing of Births: Is the Health of Infants Counter-Cyclical?
  Rajeev Dehejia and Adriana-Lleras-Muney #10122 (HE, C)
  
• What Mean Impacts Miss: Distributional Effects of Welfare Reform Experiments
  Marianne Bitler, Jonah Gelbach, and Hilary Hoynes #10121 (LS, PE)
  
• Behavioral Decision-Making: An Application to the Setting of Magazine Subscription Prices
  Fiona Scott Morton and Sharon Oster #10120 (IO)
  
• Pareto Efficient Income Taxation with Stochastic Abilities
  Marco Battagnali and Stephen Coate #10119 (PE)
  
• The Central Role of Noise in Evaluating Interventions that Use Test Scores to Rank Schools
  Kenneth Y. Chay, Patrick J. McEwan, and Miguel Urquiola #10118 (ED, LS)
  
• A Multiple Indicators Model for Volatility Using Intra-Daily Data
  Robert F. Engle and Giampiero M. Gallo #10117 (AP)
  
• Two Trees: Asset Price Dynamics Induced by Market Clearing
  John H. Cochrane, Francis A. Longstaff, and Pedro Santa-Clara #10116 (AP)
  
• Cross-Border Valuation: The International Cost of Equity Capital
  Gordon M. Bodnar, Bernard Dumas, and Richard D. Marston #10115 (IFM, AP)
  
• Patents and R&D as Real Options
  Eduardo S. Schwartz #10114 (P, AP)
  
• The Effect of School Choice on Student Outcomes: Evidence from Randomized Lotteries
  Julie Berry Cullen, Brian A. Jacob, and Steven D. Levitt #10113 (ED, PE, C)
  
• Financial Aid and Students' College Decisions: Evidence from the District of Columbia's Tuition Assistance Grant Program
  Katharine Abraham and Melissa A. Clark #10112 (CF, LS, PE)
  

  Chapters for Forthcoming NBER Books

  "Trading Blocs in East Asia: Empirical Evidence from the Gravity Model"
  Deng-Shing Huang
  "The Living Wage Movement: What Is It, Why Is It, and What's Known about Its Impact?"
  Jared Bernstein
  "Individual Rights and Collective Agents: The Role of Old and New Workplace Institutions in the Regulation of Labor Markets"
  David Weil
  "Union Participation in Strategic Decisions of Corporations"
  Eileen Appelbaum and Larry W. Hunter
  "Unionization of Professional and Technical Workers: The Labor Market and Institutional Transformation"
  Richard W. Hurd and John Bunge
  "Development Intermediaries and the Training of Low-Wage Workers"
  Lisa M. Lynch
  "Student Perceptions of College Opportunities: The Boston COACH Program"
  Christopher Avery and Thomas J. Kane
  "Peer Effects in Higher Education"
  Gordon C. Winston and David J. Zimmerman

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Week of November 10, 2003

Latest NBER Working Papers

• A Tale of Two Time Scales: Determining Integrated Volatility with Noisy High Frequency Data
  Lan Zhang, Per A. Mykland, and Yacine Ait-Sahalia #10111 (AP)
  
• Cross-Border Tax Externalities: Are Budget Deficits Too Small?
  Willem H. Buiter and Anne C. Sibert #10110 (IFM, ME, PE)
  
• The Optimal Degree of Discretion in Monetary Policy
  Susan Athey, Andrew Atkeson, and Patrick J. Kehoe #10109 (EFG, ME)
  
• The Market for American State Government Bonds in Britain and the United States, 1830-1843
  Namsuk Kim and John Joseph Wallis #10108 (DAE)
  
• Generalized Disappointment Aversion and Asset Prices
  Bryan R. Routledge and Stanley E. Zin #10107 (AP)
  
• Firm Location and the Creation and Utilization of Human Capital
  Andres Almazan, Adolfo de Motta, and Sheridan Titman #10106 CF, LS)
  
• Nonparametric Tests for Common Values at First-Price Sealed-Bid Auctions
  Philip A. Haile, Han Hong, and Matthew Shum #10105 (IO)
  
• Categorical Redistribution in Winner-Take-All Markets
  Roland G. Fryer and Glenn C. Loury #10104 (LS)
  
• Color-Blind Affirmative Action
  Roland G. Fryer, Jr., Glenn C. Loury, and Tolga Yuret #10103 LS)
  
• Self Enforcing Voting in International Organizations
  Giovanni Maggi and Massimo Morelli #10102 (ITI)
  
• Stakeholders, Transparency and Capital Structure
  Andres Almazan, Javier Suarez, and Sheridan Titman #10101 (CF)
  
• The Role of Retiree Health Insurance in the Employment Behavior of Older Men
  David M. Blau and Donna B. Gilleskie #10100 (A, HE, LS)
  
• Optimal Taxation When Consumers Have Endogenous Benchmark Levels of Consumption
  Andrew B. Abel #10099 (EFG, PE)
  
• Grasshoppers, Ants, and Pre-Retirement Wealth: A Test of Permanent Income
  Erik Hurst #10098 (EFG, A, PE)
  
• How Do Legal Differences and Learning Affect Financial Contracts?
  Steven N. Kaplan, Frederic Martel, and Per Stromberg #10097 (CF)
  
• The Developed World's Demographic Transition - The Roles of Capital Flows, Immigration, and Policy
  Hans Fehr, Sabine Jokisch, and Laurence Kotlikoff #10096 (A, IFM, PE)
  
• Crisis Resolution: Next Steps
  Barry Eichengreen, Kenneth Kletzer, and Ashoka Mody #10095 (IFM)
  
• On the Writing and the Interpretation of Contracts
  Steven Shavell #10094 (LE)
  
• Monetary Policies for Developing Countries: The Role of Corruption
  Haizhou Huang and Shang-Jin Wei #10093 (IFM, ME)
  

  Chapters for Forthcoming NBER Books

  "A Submerging Labor Market Institution? Unions and the Non-Wage Aspects of Work"
  Thomas C. Buchmueller, John E. DiNardo and Robert G. Valletta
  "Corporate Ownership in France: The Importance of History"
  Antoin E. Murphy
  "Border Delays and Trade Liberalization"
  Edgar Cudmore and John Whalley
  "WTO Dispute Settlements in East Asia"
  Dukgeun Ahn
  "Exporting and Performance of Plants: Evidence on Korea"
  Chin Hee Hahn
  "International R&D Deployment and Locational Advantage: A Case Study of Taiwan"
  Meng-chun Liu and Shin-Horng Chen
  "Tight Clothing: How the MFA Affects Asian Apparel Exports"
  Carolyn L. Evans and James Harrigan
  Comment by Kozo Kiyota on "The Effects of Financial Crises on International Trade," by Zihui Ma and Leonard K. Cheng
  "The Impacts of East Asia FTA on Foreign Trade in East Asia"
  Shujiro Urata and Kozo Kiyota
  "The Formation of International Production and Distribution Networks in East Asia"
  Mitsuyo Ando and Fukunari Kimura
  "The Trade and Investment Effects of Preferential Trading Arrangements"
  Philippa Dee and Jyothi Gali
  Comment by Philippa Dee on "Tight Clothing: How the MFA Affects Asian Apparel Exports," by Carolyn L. Evans and James Harrigan
  "The Effects of Overseas Investment on Domestic Employment"
  Tain-Jy Chen and Ying-Hua Ku

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Week of November 3, 2003

Latest NBER Working Papers

• Health Insurance Coverage and the Macroeconomy
  John Cawley and Kosali I. Simon #10092 (HE)
  
• Getting Inside the "Black Box" of Head Start Quality: What Matters and What Doesn't?
  Janet Currie and Matthew Neidell#10091 (ED, C)
  
• The Environment and Globalization
  Jeffrey A. Frankel #10090 (ENV, IFM, ITI)
  
• An "Inflation Reports" Report
  Eric Leeper #10089 (EFG, ME)
  
• Child Labor, Crop Shocks, and Credit Constraints
  Kathleen Beegle, Rajeev Dehejia, and Roberta Gatti #10088 (LS,C)
  
• Inequality and Trade
  Devashish Mitra and Vitor Trindade #10087 (ITI)
  
• Does the Failure of the Expectations Hypothesis Matter for Long-Term Investors?
  Antonios Sangvinatsos and Jessica A. Wachter #10086 (AP)
  
• The Impact on Consumption and Saving of Current and Future Fiscal Policies
  Katherine Grace Carman, Jagadeesh Gokhale, and Laurence J. Kotlikoff #10085 (PE)
  
• Labor Versus Capital in Trade-Policy Determination: The Role of General-Interest and Special-Interest Politics
  Pushan Dutt and Devashish Mitra #10084 (ITI)
  
• Acquiring Knowledge Within and Across Firm Boundaries: Evidence from Clinical Development
  Pierre Azoulay #10083 (P)
  
• Global Sourcing
  Pol Antras and Elhanan Helpman #10082 (IFM, ITI)
  
• Zvi Griliches' Contribution to the Theory of Human Capital
  Reuben Gronau #10081 (LS)
  
• How do Regimes Affect Asset Allocation?
  Andrew Ang and Geert Bekaert #10080 (AP)
  
• A Theory of Factor Allocation and Plant Size
  Thomas J. Holmes and Matthew F. Mitchell #10079 (P)
  
• Inventories and the Business Cycle: An Equilibrium Analysis of (S, s) Policies
  Aubhik Khan and Julia Thomas #10078 (EFG)
  
• Determinants of Labor Demand in Columbia: 1976-1996
  Mauricio Cardenas and Raquel Bernal #10077 (LS)
  
• Economic Insights from Internet Auctions: A Survey
  Patrick Bajari and Ali Hortacsu #10076 (IO)
  
• Mass Secondary Schooling and the State: The Role of State Compulsion in the High School Movement
  Claudia Goldin and Lawrence Katz #10075 (ED, DAE, LS, C)
  
• A Prism into the PPP Puzzles: The Micro-foundations of Big Mac Real Exchange Rates
  David C. Parsley and Shang-Jin Wei #10074 (IFM, ITI)
  

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Week of October 27, 2003

Latest NBER Working Papers

• Crises and Growth: A Re-Evaluation
  Romain Ranciere, Aaron Tornell, and Frank Westermann #10073 (IFM)
  
• The Alternative Minimum Tax and Effective Marginal Tax Rates
  Daniel Feenberg and James Poterba #10072 (PE)
  
• Liquidity Shortages and Banking Crises
  Douglas W. Diamond and Raghuram G. Rajan #10071 (CF, IFM)
  
• Money in a Theory of Banking
  Douglas W. Diamond and Raghuram G. Rajan #10070 (CF, ME)
  
• The Origins of Spatial Interaction
  Wolfgang Keller and Carol H. Shiue #10069 (DAE, ITI)
  
• Labor Market Discrimination and Racial Differences in Premarket Factors
  Pedro Carneiro, James J. Heckman, and Dimitriy V. Masterov #10068 (LS)
  
• Globalizing Activities and the Rate of Survival: Panel Data Analysis on Japanese Firms
  Fukunari Kimura and Takamune Fujii #10067 (ITI)
  
• Why the Apple Doesn't Fall Far: Understanding Intergenerational Transmission of Human Capital
  Sandra E. Black, Paul J. Devereux, and Kjell G. Salvanes #10066 (ED, LS)
  
• Revisiting Some Productivity Debates
  Johannes Van Biesebroeck #10065 (P)
  
• Domestic Capital Market Reform and Access to Global Finance: Making Markets Work
  Peter Blair Henry and Peter Lombard Lorentzen #10064 (IFM)
  
• Consequences and Predictors of New Health Events
  James P. Smith #10063 (AP)
  
• Benefit Plan Design and Prescription Drug Utilization Among Asthmatics: Do Patient Copayments Matter?
  William H. Crown, Ernst R. Berndt, Onur Baser, Stan N. Finkelstein, Whitney P. Witt, Jonathan Maguire, and Kenan E. Haver #10062 (ED, PE
  
• The Unholy Trinity of Financial Contagion
  Graciela L. Kaminsky, Carmen M. Reinhart, and Carlos A. Vegh #10061 (IFM)
  
• School to Career Programs and Transitions to Employment and Higher Education
  David Neumark and Donna Rothstein #10060 (ED, PE)
  
• Efficiency Costs of Meeting Industry-Distributional Constraints under Environmental Permits and Taxes
  A.L. Bovenberg, Lawrence H. Goulder, and Derek J. Gurney #10059 (PE)
  
• Is Japan's Trade (still) Different?
  James Harrigan and Rohit Vanjani #10058 ITI)
  
• A Normal Country
  Andrei Shleifer and Daniel Treisman #10057 (EFG)
  
• The Demand for Coordination
  Wouter Dessein and Tano Santos #10056 (LS)
  
• Small Farms, Externalities, and the Dust Bowl of the 1930's
  Zeynep K. Hansen and Gary D. Libecap #10055 (DAE)
  

  Chapters for Forthcoming NBER Books

  Introduction, all chapters and comments in "Analyses in the Economics of Aging"
  edited by David A. Wise
  "The Effects of Financial Crises on International Trade"
  Zihui Ma and Leonard K. Cheng
  "Labor Market Policies and Employment Duration: The Effects of Labor Market Reform in Argentina"
  Hugo A. Hopenhayn
  "Labor Market Regulation and Employment in the Caribbean"
  Andrew S. Downes, Nlandu Mamingi and Rose-Marie Belle Antoine
  "Labor Demand in Latin America and the Caribbean: What Does It Tell Us?"
  Daniel S. Hamermesh
  "The Effects of Labor Market Regulations on Employment Decisions by Firms: Empirical Evidence for Argentina"
  Guillermo Mondino and Silvia Montoya
  "A Workers' Lobby to Provide Portable Benefits"
  Joni Hersch

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Week of October 20, 2003

Latest NBER Working Papers

• The Role of Randomized Field Trials in Social Science Research: A Perspective from Evlauations of Reforms of Social Welfare Programs
  Robert W. Moffitt #T0295 (TWP)
  
• Corporate Earnings and the Equity Premium
  Francis Longstaff and Monika Piazzesi #10054 (AP)
  
• Air Quality, Infant Mortality, and the Clean Air Act of 1970
  Kenneth Y. Chay and Michael Greenstone #10053 (ED, HE, PE)
  
• Heterogeneity and the FDI versus Export Decision of Japanese Manufacturers
  Keith Head and John Ries #10052 (ITI)
  
• Winners and Losers of Tax Competition in the European Union
  Enrique G. Mendoza and Linda L. Tesar #10051 (IFM)
  
• Growth Strategies
  Dani Rodrik #10050 (EFG, IFM, ITI)
  
• Product Substitutability and Productivity Dispersion
  Chad Syverson #10049 (P)
  
• Forecasting the Term Structure of Government Bond Yields
  Francis X. Diebold and Canlin Li #10048 (AP)
  
• The Chinese Economies in Global Context: The Integration Process and Its Determinants
  Yin-Wong Cheung, Menzie D. Chinn, and Eiji Fujii #10047 (IFM)
  
• Marijuana and Crime: Is There a Connection Beyond Prohibition?
  Rosalie Liccardo Pacula and Beau Kilmer #10046 (HE, C)
  
• Illicit Drug Use and Educational Attainment
  Pinka Chatterji #10045 (ED, HE)
  
• Tax Bases, Tax Rates and the Elasticity of Reported Income
  Wojciech Kopczuk #10044 (PE)
  
• Unemployment Insurance Tax Burdens and Benefits: Funding Family Leave and Reforming the Payroll Tax
  Patricia M. Anderson and Bruce D. Meyer #10043 (LS, PE)
  
• How to Discount Cashflows with Time-Varying Expected Returns
  Andrew Ang and Jun Liu #10042 (AP)
  
• A Model of R&D Valuation and the Design of Research Incentives
  Jason C. Hsu and Eduardo S. Schwartz #10041 (AP,P)
  

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Week of October 13, 2003

Latest NBER Working Papers

• Nonparametric Estimation of Average Treatment Effects under Exogeneity: A Review
  Guido W. Imbens #T294 (TWP)
  
• Generalized Modeling Approaches to Risk Adjustment of Skewed Outcomes Data
  Willard G. Manning, Anirban Basu, and John Mullahy #T293 (TWP)
  
• Do Democracies Have Different Public Policies than Nondemocracies?
  Casey B. Mulligan, Xavier Sala-i-Martin, and Ricard Gil #10040 (PE)
  
• Foreign Owners and Plant Survival
  Andrew B. Bernard and Fredrik Sjöholm #10039 (ITI)
  
• Market Size in Innovation: Theory and Evidence From the Pharmaceutical Industry
  Daron Acemoglu and Joshua Linn #10038 (IO, P)
  
• The Form of Property Rights: Oligarchic vs. Democratic Societies
  Daron Acemoglu #10037 (EFG, LE)
  
• Currency Mismatches, Debt Intolerance and Original Sin: Why They Are Not the Same and Why it Matters
  Barry Eichengreen, Ricardo Hausman, and Ugo Panizza #10036 (IFM)
  
• Health and Wealth Accumulation: Evidence from Nineteenth-Century America
  Chulhee Lee #10035 (CS, DAE)
  
• Changes in the Welfare Caseload and the Health of Low-educated Mothers
  Robert Kaestner and Elizabeth Tarlov #10034 (HE, C)
  
• Welfare Reform and Health Insurance Coverage of Low-Income Families
  Robert Kaestner and Neeraj Kaushal #10033 (HE,C)
  
• Experience of and Lessons from Exchange Rate Regimes in Emerging Economies
  Jeffrey A. Frankel #10032 (IFM)
  

  Chapters for Forthcoming NBER Books

  "The Relation among Human Capital, Productivity and Market Value: Building Up from Micro Evidence"
  John Abowd, John Haltiwanger, Ron Jarmin, Julia Lane, Paul Lengermann, Kristin McCue, Kevin McKinney and Kristin Sandusky
  "The Socially Useful Persistence of Concentrated Ownership in Emerging Markets: A History of the Indian Software Industry"
  Tarun Khanna and Krishna Palepu
  "Going to College and Finishing College: Explaining Different Educational Outcomes"
  Sarah E. Turner
  "The New Merit Aid"
  Susan Dynarski
  "The Impact of Federal Tax Credits for Higher Education Expenses"
  Bridget Terry Long
  "How Financial Aid Affects Persistence"
  Eric Bettinger
  "Resident and Nonresident Tuition and Enrollment at Flagship State Universities"
  Michael J. Rizzo and Ronald G. Ehrenberg
  Comment by Kyoji Fukao on "Exporting and Performance of Plants: Evidence on Korea," by Chin Hee Hahn"
  Comment by John Whalley on "WTO Dispute Settlements in East Asia"
  Comment by Chong-Hyun Nam on "Border Delays and Trade Liberalization," by Edgar Cudmore and John Whalley"
  Comment by Chong-Hyun Nam on "The Growing Problem of Antidumping Protection and What It Means for the Asia-Pacific Region," by Thomas Prusa"

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Week of October 6, 2003

Latest NBER Working Papers

• Stock Market and Investment Goods Prices: Implications for Macroeconomics
  Lawrence J. Christiano and Jonas D. M. Fisher #10031 (EFG)
  
• Retirement Effects of Proposals by the President's Commission to Strengthen Social Security
  Alan L. Gustman and Thomas L. Steinmeier #10030 (A, LS, PE)
  
• Macroeconomic Conditions, Health Care Costs, and the Distribution of Health Insurance Coverage
  Sherry Glied and Kathrine Jack #10029 (HE)
  
• Geography and the Internet: Is the Internet a Substitute or a Complement for Cities?
  Todd Sinai and Joel Waldfogel #10028 (IO, PE)
  
• The Effect of Organizational Context on Individual Performance
  Robert S. Huckman and Gary P. Pisano #10027 (HE)
  
• Efficient Test of Shock Return Predictability
  John Y. Campbell and Motohiro Yogo #10026 (AP)
  
• Policy Evaluation in Uncertain Economic Environments
  William A. Brock, Steven N. Durlauf, and Kenneth D. West #10025 (EFG, ME)
  
• The WTO Promotes Trade, Strongly But Unevenly
  Arvind Subramanian and Shang-Jin Wei #10024 (IFM, ITI)
  
• Fiscal Policy, Past and Present
  Alan J. Auerbach #10023 (EFG, PE)
  
• Quality-Constant Price Indexes for the Ongoing Treatment of Schizophrenia: An Exploratory Study
  Richard G. Frank, Ernst R. Berndt, Alisa Busch, and Anthony F. Lehman #10022 (HE)
  
• Unemployment and Homeownership: The Roles of Leverage and Public Housing
  Paul Flatau, Matt Forbes, Patric H. Hendershott, and Gavin Wood #10021 (LS)
  
• Exporting Raises Productivity in Sub-Saharan African Manufacturing Plants
  Johannes Van Biesebroeck #10020 (P)
  
• Inflation Targeting in Emerging Market Economies
  Arminio Fraga, Ilan Goldfajn, and Andre Minella #10019 (IFM, ME)
  
• Country Spreads and Emerging Countries: Who Drives Whom?
  Martin Uribe and Vivian Z. Yue #10018 (EFG, IFM)
  

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