---

New This Week Archive

NBER Working Papers released in the past, by week.

---

Week of December 24 - December 31, 2007

• Forecast Targeting as a Monetary Policy Strategy: Policy Rules in Practice
  Michael Woodford #13716 (ME)
  
• Impact of First Occupation on Health at Older Ages
  Jody L. Sindelar, Jason Fletcher, Tracy Falba, Patricia Keenan, and William T. Gallo #13715 (AG, HE)
  
• Do Professional Currency Managers Beat the Benchmark?
  Momtchil Pojarliev and Richard M. Levich #13714 (IFM)
  
• Managerial Overconfidence and Corporate Policies
  Itzhak Ben-David, John R. Graham, and Campbell R. Harvey #13711 (CF)
  
• Did the Death of Distance Hurt Detroit and Help New York?
  Edward L. Glaeser and Giacomo A.M. Ponzetto #13710 (EFG)
  
• Using Tax Return Data to Simulate Corporate Marginal Tax Rates
  John R. Graham and Lillian F. Mills #13709 (CF, PE)
  
• Corporate Misreporting and Bank Loan Contracting
  John R. Graham, Si Li, and Jiaping Qiu #13708 (CF)
  
• The Baby Boom and World War II: A Macroeconomic Analysis
  Matthias Doepke, Moshe Hazan, and Yishay Maoz #13707 (EFG, CH, LS)
  
• What Determines the Structure of Corporate Debt Issues?
  Michael Weisbach, Woojin Kim, and Brandon Julio #13706 (CF)
  
• Organizing Growth
  Luis Garicano and Esteban Rossi-Hansberg #13705 (EFG)
  
• Optimal Choice of Product Scope for Multiproduct Firms under Monopolistic Competition
  Robert Feenstra and Hong Ma #13703 (ITI)
  
• Investor Protection and Interest Group Politics
  Lucian A. Bebchuk and Zvika Neeman #13702 (CF, LE, PE, POL)
  
• CEO Centrality
  Lucian A. Bebchuk, Martijn Cremers, and Urs Peyer #13701 (CF, LE, LS)
  
• Do Financial Incentives Affect Fertility?
  Alma Cohen, Rajeev Dehejia, and Dmitri Romanov #13700 (CH, LE, LS, PE)
  
• The Bidder's Curse
  Young Han Lee and Ulrike Malmendier #13699 (IO, LS)
  
• Firm Level Heterogeneous Productivity and Demand Shocks: Evidence from Bangladesh
  Hiau Looi Kee and Kala Krishna #13698 (ITI, PR)
  
• Parental Leave Policies and Parents' Employment and Leave-Taking
  Wen-Jui Han, Christopher Ruhm, and Jane Waldfogel #13697 (CH, LS, PE)
  

---

Week of December 17 - December 24, 2007

• The Economics Approach to Cities
  Edward L. Glaeser #13696 (EFG)
  
• Private Deception and the Rise of Public Employment Offices in the United States, 1890 - 1930
  Woong Lee #13695 (LS)
  
• The Reaction of Consumer Spending and Debt to Tax Rebates -- Evidence from Consumer Credit Data
  Sumit Agarwal, Chunlin Liu, and Nicholas S. Souleles #13694 (EFG, PE)
  
• Net Worth and Housing Equity in Retirement
  Todd Sinai and Nicholas S. Souleles #13693 (AG, AP, EFG, LS, PE)
  
• The Dynamics of Relief Spending and the Private Urban Labor Market During the New Deal
  Todd C. Neumann, Price V. Fishback, and Shawn Kantor #13692 (DAE, EFG)
  
• What Goods Do Countries Trade? New Ricardian Predictions
  Arnaud Costinot and Ivana Komunjer #13691 (ITI)
  
• Rare Disasters, Asset Prices, and Welfare Costs
  Robert J. Barro #13690 (EFG, ME, PE)
  
• Religious Conversion in 40 Countries
  Robert J. Barro and Jason Hwang #13689 (EFG, ME, PE)
  
• Trade Policy under Firm-Level Heterogeneity in a Small Economy
  Svetlana Demidova and Andrés Rodríguez-Clare #13688 (ITI)
  
• Extremism and Social Learning
  Edward L. Glaeser and Cass R. Sunstein #13687 (ED, LE)
  
• Occupational Choice and Development
  Jan Eeckhout and Boyan Jovanovic #13686 (PR, LS, ITI)
  
• The Explanatory Power of Monetary Policy Rules
  John B. Taylor #13685 (EFG, ME)
  
• Mortgage Broker Regulations That Matter: Analyzing Earnings, Employment, and Outcomes for Consumers
  Morris M. Kleiner and Richard M. Todd #13684 (LS)
  
• Aging and Death under a Dollar a Day
  Abhijit V. Banerjee and Esther Duflo #13683 (AG)
  
• Housing and Monetary Policy
  John B. Taylor #13682 (EFG, ME)
  
• Feeling the Florida Heat? How Low-Performing Schools Respond to Voucher and Accountability Pressure
  Cecilia Elena Rouse, Jane Hannaway, Dan Goldhaber, and David Figlio #13681 (ED)
  
• Complements versus Substitutes and Trends in Fertility Choice in Dynastic Models
  Larry E. Jones and Alice Schoonbroodt #13680 (CH, EFG, HE)
  
• Principal-agent Incentives, Excess Caution, and Market Inefficiency: Evidence From Utility Regulation
  Severin Borenstein, Meghan Busse, and Ryan Kellogg #13679 (EEE, IO)
  
• Conservation: From Voluntary Restraint to a Voluntary Price Premium
  Matthew Kotchen and Michael Moore #13678 (EEE, PE)
  
• Nominal Debt as a Burden on Monetary Policy
  Ramon Marimon, Javier Díaz-Giménez, Giorgia Giovannetti, and Pedro Teles #13677 (IFM, ME)
  
• School Markets: The Impact of Information Approximating Schools' Effectiveness
  Alejandra Mizala and Miguel Urquiola #13676 (ED)
  
• Frictional Wage Dispersion in Search Models: A Quantitative Assessment
  Andreas Hornstein, Per Krusell, and Giovanni L. Violante #13674 (EFG)
  
• Labor Outflows and Labor Inflows in Puerto Rico
  George J. Borjas #13669 (LS)
  
• Does Medicare Save Lives?
  David Card, Carlos Dobkin, and Nicole Maestas #13668 (AG, HE, LS, HC)
  
• Strike Three: Umpires' Demand for Discrimination
  Christopher A. Parsons, Johan Sulaeman, Michael C. Yates, and Daniel S. Hamermesh #13665 (LS)
  
• Exchange Rate Volatility and First-Time Entry by Multinational Firms
  Katheryn Niles Russ #13659 (ITI, IFM)
  
• Health, Economic Resources and the Work Decisions of Older Men
  John Bound, Todd Stinebrickner, and Timothy Waidmann #13657 (AG, LS)
  
• Evaluating Asset Pricing Models with Limited Commitment using Household Consumption Data
  Dirk Krueger, Hanno Lustig, and Fabrizio Perri #13650 (AP, EFG)
  

---

Week of December 10 - December 17, 2007

• The Great Mexican Emigration
  Gordon H. Hanson and Craig McIntosh #13675 (ITI, LS)
  
• Insurance and Opportunities: A Welfare Analysis of Labor Market Risk
  Jonathan Heathcote, Kjetil Storesletten, and Giovanni L. Violante #13673 (EFG, PE)
  
• Votes or Money? Theory and Evidence from the US Congress.
  Matilde Bombardini and Francesco Trebbi #13672 (POL)
  
• Trade Policy and Market Power: The Case of the US Steel Industry
  Bruce A. Blonigen, Benjamin H. Liebman, and Wesley W. Wilson #13671 (ITI)
  
• The American High School Graduation Rate: Trends and Levels
  James J. Heckman and Paul A. LaFontaine #13670 (CH, ED)
  
• Do State Laws Affect the Age of Marriage? A Cautionary Tale About Avoidance Behavior
  Rebecca M. Blank, Kerwin Kofi Charles, and James M. Sallee #13667 (LS)
  
• Using Firm Optimization to Evaluate and Estimate Returns to Scale
  Yuriy Gorodnichenko #13666 (   EFG   PR   IO)
  
• Using Firm Optimization to Evaluate and Estimate Returns to Scale
  Yuriy Gorodnichenko #13666 (EFG, PR, IO)
  
• Scaling Up Malaria Control in Africa: An Economic and Epidemiological Assessment
  Awash Teklehaimanot, Gordon C. McCord, and Jeffrey D. Sachs #13664 (HE)
  
• First in the Class? Age and the Education Production Function
  Elizabeth Cascio and Diane Whitmore Schanzenbach #13663 (CH, ED)
  
• Trade, Diffusion and the Gains from Openness
  Andreas Rodriguez-Clare #13662 (EFG, ITI)
  
• Prejudice and The Economics of Discrimination
  Kerwin Kofi Charles and Jonathan Guryan #13661 (LS)
  
• Financial Structure, Liquidity, and Firm Locations
  Andres Almazan, Adolfo de Motta, Sheridan Titman, and Vahap Uysal #13660 (CF)
  
• How Sovereign is Sovereign Credit Risk?
  Francis A. Longstaff, Jun Pan, Lasse H. Pedersen, and Kenneth J. Singleton #13658 (AP, IFM)
  

---

Week of November 19 - November 26, 2007

• The Flypaper Effect in Individual Investor Asset Allocation
  James J. Choi, David Laibson, and Brigitte C. Madrian #13656 (AG, AP, PE)
  
• The Heterogeneous State of Modern Macroeconomics: A Reply to Solow
  V. V. Chari and Patrick J. Kehoe #13655 (EFG, ME, PE)
  
• Wage Structure, Raises and Mobility: International Comparisons of the Structure of Wages Within and Across Firms
  Edward P. Lazear, Kathryn L. Shaw #13654 (LS, PR)
  
• Personnel Economics: The Economist's View of Human Resources
  Edward P. Lazear, Kathryn L. Shaw #13653 (LS, PR)
  
• Tenure and Output
  Kathryn Shaw, Edward P. Lazear #13652 (LS, PR)
  
• International Differences in the Adoption and Impact of New Information Technologies and New HR Practices: The Valve-Making Industry in the U.S. and U.K.
  Ann Bartel, Casey Ichniowski, Kathryn Shaw, and Ricardo Correa #13651 (LS, PR)
  
• Mortality Risks, Health Endowments, and Parental Investments in Infancy: Evidence from Rural India
  Ashlesha Datar, Arkadipta Ghosh, Neeraj Sood #13649 (CH, HC)
  
• Are Teacher Absences Worth Worrying About in the U.S.?
  Charles T. Clotfelter, Helen F. Ladd, and Jacob L. Vigdor #13648 (ED)
  
• Firms' Stakeholders and the Costs of Transparency
  Andres Almazan, Javier Suarez, and Sheridan Titman #13647 (IO)
  
• Endogenous Entry, Product Variety, and Business Cycles
  Florin Bilbiie, Fabio Ghironi, and Marc J. Melitz #13646 (EFG)
  
• The General Equilibrium Incidence of Environmental Mandates
  Don Fullerton and Garth Heutel #13645 (EEE, PE)
  
• Patents, Thickets, and the Financing of Early-Stage Firms: Evidence from the Software Industry
  Iain M. Cockburn and Megan MacGarvie #13644 (IO, PR)
  
• Voluntary Provision of Public Goods for Bads: A Theory of Environmental Offsets
  Matthew J. Kotchen #13643 (EEE, PE)
  
• Open-Access Losses and Delay in the Assignment of Property Rights
  Gary D. Libecap #13642 (DAE, EEE)
  
• The Impact of Litigation on Venture Capitalist Reputation
  Vladimir Atanasov, Vladimir Ivanov, and Kate Litvak #13641 (CF)
  
• Do Stock Prices Influence Corporate Decisions? Evidence from the Technology Bubble
  Murillo Campello and John Graham #13640 (AP, CF)
  
• Inefficient Credit Booms
  Guido Lorenzoni #13639 (EFG)
  
• Gender Based Taxation and the Division of Family Chores
  Alberto Alesina, Andrea Ichino, and Loukas Karabarbounis #13638 (LS, PE)
  
• Momentum and Social Learning in Presidential Primaries
  Brian Knight and Nathan Schiff #13637 (PE, POL)
  
• The Effect of Venture Capital on Innovation Strategies
  Marco Da Rin and María Fabiana Penas #13636 (CF)
  
• The Long and the Short End of the Term Structure of Policy Rules
  Josephine M. Smith and John B. Taylor #13635 (ME)
  
• Securing Their Future? Entry And Survival In The Information Security Industry
  Ashish Arora and Anand Nandkumar #13634 (IO)
  
• Does Individual Performance Affect Entrepreneurial Mobility? Empirical Evidence from the Financial Analysis Market
  Boris Groysberg, Ashish Nanda, and M. Julia Prats #13633 (LS, PR)
  
• Competing on Standards? Entrepreneurship, Intellectual Property and the Platform Paradox
  Timothy S. Simcoe, Stuart J.H. Graham, and Maryann Feldman #13632 (IO, PR)
  
• Migration and Trade in a World of Technological Differences: Theory with an Application to Eastern-Western European Integration
  Susana Iranzo and Giovanni Peri #13631 (ITI, LS)
  
• A Theory of Retirement
  David E. Bloom, David Canning, and Michael Moore #13630 (AG, HE, LS)
  
• Intertemporal Distortions in the Second best
  Stefania Albanesi and Roc Armenter #13629 (EFG, PE)
  
• The Role of Extensive and Intensive Margins and Export Growth
  Tibor Besedes and Thomas J. Prusa #13628 (ITI)
  
• Mind the Gap! Consumer Perceptions and Choices of Medicare Part D Prescription Drug Plans
  Florian Heiss, Daniel McFadden, and Joachim Winter #13627 (AG, HC)
  
• Mortality, Mass-Layoffs, and Career Outcomes: An Analysis using Administrative Data
  Daniel Sullivan and Till von Wachter #13626 (AG)
  
• Informed Trading, Liquidity Provision, and Stock Selection by Mutual Funds
  Zhi Da, Pengjie Gao, and Ravi Jagannathan #13625 (AP)
  
• Taxes and the Global Allocation of Capital
  David Backus, Espen Henriksen, and Kjetil Storesletten #13624 (IFM, PE)
  
• Information, School Choice, and Academic Achievement: Evidence from Two Experiments
  Justine S. Hastings and Jeffrey M. Weinstein #13623 (CH, ED, PE)
  
• Happiness, Contentment and Other Emotions for Central Banks
  Rafael Di Tella and Robert MacCulloch #13622 (ME, PE, POL)
  
• Do On-Line Labor Market Intermediaries Matter? The Impact of AlmaLaurea on the University-to-Work Transition
  Manuel F. Bagues and Mauro Sylos Labini #13621 (LS)
  
• Pass-through of Exchange Rates and Competition Between Floaters and Fixers
  Paul R. Bergin and Robert C. Feenstra #13620 (IFM, ITI)
  
• Foreign Capital and Economic Growth
  Eswar S. Prasad, Raghuram G. Rajan, and Arvind Subramanian #13619 (EFG, IFM)
  
• Do Multinationals' R&D Activities Stimulate Indigenous Entrepreneurship? Evidence from China's "Silicon Valley"
  Hongbin Cai, Yasuyuki Todo, and Li-An Zhou #13618 (IO, ITI)
  
• Teacher Credentials and Student Achievement in High School: A Cross-Subject Analysis with Student Fixed Effects
  Charles T. Clotfelter, Helen F. Ladd, and Jacob L. Vigdor #13617 (ED)
  
• Technology, International Trade, and Pollution from U.S. Manufacturing
  Arik Levinson #13616 (EEE, IO, ITI)
  
• Relative Goods' Prices and Pure Inflation
  Ricardo Reis and Mark W. Watson #13615 (EFG, ME)
  
• Revisiting the Income Effect: Gasoline Prices and Grocery Purchases
  Dora Gicheva, Justine Hastings, and Sofia Villas-Boas #13614 (EEE, EFG, IO, PE)
  
• The Transmission of Domestic Shocks in the Open Economy
  Christopher J. Erceg, Christopher Gust, and David López-Salido #13613 (IFM, ME)
  
• Goods Trade and International Equity Portfolios
  Fabrice Collard, Harris Dellas, Behzad Diba, and Alan Stockman #13612 (IFM, ITI)
  
• The Affine Arbitrage-Free Class of: Nelson-Siegel Term Structure Models
  Jens H. E. Christensen, Francis X. Diebold, and Glenn D. Rudebusch #13611 (AP, EFG, IFM)
  
• Routes of Infection: Exports and HIV Incidence in Sub-Saharan Africa
  Emily Oster #13610 (HE, LS)
  
• Mechanisms for the Association Between Maternal Employment and Child Cognitive Development
  John Cawley and Feng Liu #13609 (CH, ED, LS)
  
• The Economic Consequences of Legal Origins
  Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer #13608 (CF)
  
• New Framework for Measuring and Managing Macrofinancial Risk and Financial Stability
  Dale F. Gray, Robert C. Merton, and Zvi Bodie #13607 (IFM, ME)
  

---

Week of November 5 - November 12, 2007

• Segregation and Black Political Efficacy
  Elizabeth Oltmans Ananat and Ebonya L. Washington #13606 (POL)
  
• Canada's Pioneering Experience with a Flexible Exchange Rate in the 1950s:(Hard) Lessons Learned for Monetary Policy in a Small Open Economy
  Michael D. Bordo, Ali Dib, and Lawrence Schembri #13605 (ME, IFM)
  
• Financial Risk in the Biotechnology Industry
  Joseph H. Golec and John A. Vernon #13604 (HE)
  
• Business Cycle Fluctuations and the Life Cycle: How Important is On-The-Job Skill Accumulation?
  Gary D. Hansen and Selo Imrohoroglu #13603 (EFG)
  
• Capital Flows to Developing Countries: The Allocation Puzzle
  Pierre-Olivier Gourinchas and Olivier Jeanne #13602 (IFM, ITI)
  
• Did Firms Substitute Dividends for Share Repurchases after the 2003 Reductions in Shareholder Tax Rates?
  Jennifer L. Blouin, Jana Smith Raedy, and Douglas A. Shackelford #13601 (PE, CF)
  
• Maternal Employment and Childhood Obesity: A Search for Mechanisms in Time Use Data
  John Cawley and Feng Liu #13600 (CH, HC, HE, LS)
  
• The Mortality Cost to Smokers
  W. Kip Viscusi and Joni Hersch #13599 (HE, LE, LS)
  
• The Political-Economy Positive Role of the Social Security System in Sustaining Immigration (But Not Vice Versa)
  Edith Sand and Assaf Razin #13598 (IFM, PE, LS)
  
• Bank Failures in Theory and History: The Great Depression and Other "Contagious" Events
  Charles W. Calomiris #13597 (CF, DAE)
  
• Whoa, Nellie! Empirical Tests of College Football's Conventional Wisdom
  Trevon D. Logan #13596 (DAE)
  
• Body Composition and Wages
  Roy Wada and Erdal Tekin #13595 (HE, LS)
  
• Measuring the Values for Time
  Raymond B. Palmquist, Daniel J. Phaneuf, and V. Kerry Smith #13594 (EEE, LS)
  
• Incentive Conflict In Central-Bank Responses to Sectoral Turmoil in Financial Hub Countries
  Edward J. Kane #13593 (CF, POL, ME)
  
• Measuring the Welfare Gain from Personal Computers
  Jeremy Greenwood and Karen A. Kopecky #13592 (EFG, PR)
  
• Modeling Great Depressions: The Depression in Finland in the 1990s
  Juan Carlos Conesa, Timothy J. Kehoe, and Kim J. Ruhl #13591 (EFG)
  
• Policy with Dispersed Information
  George-Marios Angeletos and Alessandro Pavan #13590 (EFG, ME)
  
• Factor Endowments and the Returns to Skill: New Evidence from the American Past
  Joseph Kaboski and Trevon D. Logan #13589 (DAE, LS)
  
• Global Yield Curve Dynamics and Interactions: A Dynamic Nelson-Siegel Approach
  Francis X. Diebold, Canlin Li, and Vivian Z. Yue #13588 (AP, EFG, IFM)
  
• Too Good to Be True? An Examination of Three Economic Assessments of California Climate Change Policy
  Robert Stavins, Judson Jaffe, and Todd Schatzki #13587 (EEE)
  

---

Week of October 22 - October 29, 2007

• The Impacts of Renminbi Appreciation on Trades Flows and Reserve Accumulation in a Monetary Trade Model
  Li Wang and John Whalley #13586 (IFM)
  
• How Much Uncompensated Care do Doctors Provide?
  Jonathan Gruber and David Rodriguez #13585 (HC)
  
• Real Options in a Dynamic Agency Model, with Applications to Financial Development, IPOs, and Business Risk
  Thomas Philippon and Yuliy Sannikov #13584 (CF, EFG)
  
• Fertility, Female Labor Force Participation, and the Demographic Dividend
  David E. Bloom, David Canning, Günther Fink, and Jocelyn E. Finlay #13583 (HE, LS)
  
• Temporary Help Services Employment in Portugal, 1995-2000
  Rene Boeheim and Ana Rute Cardoso #13582 (LS)
  
• Evaluating the Impure Chinese VAT Relative to a Pure Form in a Simple Monetary Trade Model with an Endogenous Trade Surplus
  John Whalley and Li Wang #13581 (ITI, PE)
  
• How the World Achieved Consensus on Monetary Policy
  Marvin Goodfriend #13580 (EFG, ME)
  
• Social Reinforcement: Cascades, Entrapment and Tipping
  Geoffrey Heal and Howard Kunreuther #13579 (EEE, PE)
  
• Who Gets What from Employer Pay or Play Mandates?
  Richard V. Burkhauser and Kosali I. Simon #13578 (HC, HE)
  
• Foreign Capital and Economic Growth in the First Era of Globalization
  Michael D. Bordo and Christopher M. Meissner #13577 (DAE, IFM, ITI)
  
• Immigration and Crime in Early 20th Century America
  Carolyn Moehling and Anne Morrison Piehl #13576 (DAE, LS)
  
• Environmental Law and Policy
  Richard L. Revesz and Robert Stavins #13575 (EEE)
  
• Environmental Economics
  Robert N. Stavins #13574 (EEE, PE)
  
• Water Demand Under Alternative Price Structures
  Sheila Olmstead, W. Michael Hanemann, and Robert N. Stavins #13573 (EEE, PE)
  
• What Drives Land-Use Change in the United States? A National Analysis of Landowner Decisions
  Ruben N. Lubowski, Andrew J. Plantinga, and Robert N. Stavins #13572 (EEE)
  
• Endogenous Discounting, the World Saving Glut and the U.S. Current Account
  Horag Choi, Nelson C. Mark, and Donggyu Sul #13571 (IFM)
  
• Corporate Financial Policies With Overconfident Managers
  Ulrike Malmendier, Geoffrey Tate, and Jun Yan #13570 (CF, LS)
  
• Assessing Monetary Policy Effects Using Daily Fed Funds Futures Contracts
  James D. Hamilton #13569 (ME, AP)
  
• Long-Run Changes in the U.S. Wage Structure: Narrowing, Widening, Polarizing
  Claudia Goldin and Lawrence F. Katz #13568 (DAE, LS)
  
• Victory or Repudiation? The Probability of the Southern Confederacy Winning the Civil War
  Marc D. Weidenmier and Kim Oosterlinck #13567 (DAE)
  
• A Multiplier Approach to Understanding the Macro Implications of Household Finance
  YiLi Chien, Harold Cole, and Hanno Lustig #13555 (AP, EFG)
  

---

Week of October 15 - October 22, 2007

• Will Monetary Policy Become More of a Science?
  Frederic S. Mishkin #13566 (IFM, ME)
  
• Financial Literacy and Stock Market Participation
  Maarten van Rooij, Annamaria Lusardi, and Rob Alessie #13565 (AG)
  
• Eminent Domain Versus Government Purchase of Land Given Imperpect Information About Owners' Valuation
  Steven Shavell #13564 (LE)
  
• On Optimal Legal Change, Past Behavior, and Grandfathering
  Steven Shavell #13563 (LE)
  
• Voting as a Rational Choice: Why and How People Vote to Improve the Well-Being of Others
  Aaron Edlin, Andrew Gelman , and Noah Kaplan #13562 (LE, POL)
  
• Is the Food and Drug Administration Safe and Effective?
  Tomas J. Philipson and Eric Sun #13561 (HC, HE, LE)
  
• Financiers vs. Engineers: Should the Financial Sector be Taxed or Subsidized?
  Thomas Philippon #13560 (CF, EFG, PE)
  
• Enforcement Problems and Secondary Markets
  Fernando A. Broner, Alberto Martin, and Jaume Ventura #13559 (IFM, AP)
  
• Low Interest Rates and High Asset Prices: An Interpretation in Terms of Changing Popular Economic Models
  Robert J. Shiller #13558 (   AP)
  
• Transfers in Cash and In Kind: Theory Meets the Data
  Janet Currie and Firouz Gahvari #13557 (PE, POL)
  
• Globalization and Inflation Dynamics: the Impact of Increased Competition
  Argia M. Sbordone #13556 (EFG, ME)
  
• The Incidence of a U.S. Carbon Tax: A Lifetime and Regional Analysis
  Kevin A. Hassett, Aparna Mathur, and Gilbert E. Metcalf #13554 (EEE, PE)
  
• Understanding Recent Trends in House Prices and Home Ownership
  Robert J. Shiller #13553 (   AP   EFG)
  
• China's Exports and Employment
  Robert C. Feenstra and Chang Hong #13552 (ITI)
  
• Entrepreneurship and the City
  Edward L. Glaeser #13551 (PE)
  
• Measuring Ancient Inequality
  Branko Milanovic, Peter H. Lindert, and Jeffrey G. Williamson #13550 (DAE, EFG)
  
• Still the Economy, Stupid: Economic Voting in the 2004 Presidential Election
  Jeffrey S. DeSimone and Courtney LaFountain #13549 (PE, POL)
  
• Do Tax Cuts Starve the Beast: The Effect of Tax Changes on Government Spending
  Christina D. Romer and David H. Romer #13548 (DAE, EFG, ME, PE)
  
• Star Scientists, Innovation and Regional and National Immigration
  Lynne G. Zucker and Michael R. Darby #13547 (PR)
  
• The Impact of Milton Friedman on Modern Monetary Economics: Setting the Record Straight on Paul Krugman's "Who Was Milton Friedman?"
  Edward Nelson and Anna J. Schwartz #13546 (ME)
  
• Rent Seeking and the Unveiling of 'De Facto' Institutions: Development and Colonial Heritage within Brazil
  Joana Naritomi, Rodrigo R. Soares, and Juliano J. Assunção #13545 (EFG)
  
• Optimal Monetary Policy and the Sources of Local-Currency Price Stability
  Giancarlo Corsetti, Luca Dedola, and Sylvain Leduc #13544 (IFM, ME)
  
• Was Postwar Suburbanization "White Flight"? Evidence from the Black Migration
  Leah Platt Boustan #13543 (DAE, LS)
  
• Macroeconomic Modeling for Monetary Policy Evaluation
  Jordi Galí and Mark Gertler #13542 (EFG, ME)
  
• Sex Differences in Obesity Rates in Poor Countries: Evidence from South Africa
  Anne Case and Alicia Menendez #13541 (AG, HE)
  
• Hold-up, Asset Ownership, and Reference Points
  Oliver Hart #13540 (CF, LE)
  
• Mosquitoes: The Long-term Effects of Malaria Eradication in India
  David Cutler, Winnie Fung, Michael Kremer, and Monica Singhal #13539 (CH, ED, HC, HE, LS, PE)
  
• An Agency Theory of Dividend Taxation
  Raj Chetty and Emmanuel Saez #13538 (CF, PE)
  
• Rational and Behavioral Perspectives on the Role of Annuities in Retirement Planning
  Jeffrey R. Brown #13537 (AG, PE)
  
• Labor Market Status and Transitions during the Pre-Retirement Years: Learning from International Differences
  Arie Kapteyn, James P. Smith, Arthur van Soest, and James Banks #13536 (AG, LS)
  
• Do Political Parties Matter? Evidence from U.S. Cities
  Fernando Ferreira and Joseph Gyourko #13535 (PE, POL)
  
• Estimating Marginal Returns to Higher Education in the UK
  Robert Moffitt #13534 (ED, PE)
  
• Demographic Change and the Structure of Wages: A Demand-Theoretic Analysis for Brazil
  Ernesto F. L. Amaral, Daniel S. Hamermesh, Joseph E. Potter, and Eduardo L.G. Rios-Neto #13533 (LS)
  
• Productivity and U.S. Macroeconomic Performance: Interpreting the Past and Predicting the Future with a Two-Sector Real Business Cycle Model
  Peter N. Ireland and Scott Schuh #13532 (ME, EFG)
  
• Export Dynamics in Colombia: Firm-Level Evidence
  Jonathan Eaton, Marcela Eslava, Maurice Kugler , and James Tybout #13531 (ITI)
  
• What Have We Learned From Market Design?
  Alvin E. Roth #13530 (HC, LS)
  
• The Effects of a Centralized Clearinghouse on Job Placement, Wages, and Hiring Practices
  Muriel Niederle and Alvin E. Roth #13529 (HE, LS)
  
• Employer Health Insurance Mandates and the Risk of Unemployment
  Katherine Baicker and Helen Levy #13528 (HC, LS)
  
• The Changing Role of Family Income and Ability in Determining Educational Achievement
  Philippe Belley and Lance Lochner #13527 (ED, LS, PE)
  
• The Evolution of Inequality, Heterogeneity and Uncertainty in Labor Earnings in the U.S. Economy
  Flavio Cunha and James J. Heckman #13526 (EFG)
  
• The Accrual Anomaly: Exploring the Optimal Investment Hypothesis
  Jin Ginger Wu, Lu Zhang, and X. Frank Zhang #13525 (AP)
  
• School Finance Reform: Assessing General Equilibrium Effects
  Dennis N. Epple and Maria Marta Ferreyra #13524 (CH, ED, PE)
  
• The Changing Nature of Wage Inequality
  Thomas Lemieux #13523 (LS)
  
• Dynamic Product Repositioning in Differentiated Product Markets: The Case of Format Switching in the Commercial Radio Industry
  Andrew Sweeting #13522 (IO)
  
• Shocks, Structures or Monetary Policies? The Euro Area and US After 2001
  Lawrence Christiano, Roberto Motto, and Massimo Rostagno #13521 (EFG, , ME)
  
• The Role of Temporary Help Employment in Low-wage Worker Advancement
  Carolyn J. Heinrich, Peter R. Mueser, and Kenneth R. Troske #13520 (LS)
  
• The Impact of Research Grant Funding on Scientific Productivity
  Brian Jacob and Lars Lefgren #13519 (AG, HC, HE, PE, PR)
  
• Housing and the Monetary Transmission Mechanism
  Frederic S. Mishkin #13518 (EFG, ME)
  

---

Week of October 8 - October 15, 2007

• Computing Stochastic Dynamic Economic Models with a Large Number of State Variables: A Description and Application of a Smolyak-Collocation Method
  Benjamin Malin, Dirk Krueger, and Felix Kubler #13517 (EFG, IFM)
  
• Observational Learning: Evidence from a Randomized Natural Field Experiment
  Hongbin Cai, Yuyu Chen, and Hanming Fang #13516 (LS, PE)
  
• Openness, Technology Capital, and Development
  Ellen McGrattan and Edward C. Prescott #13515 (EFG, IFM, ITI)
  
• The Effect of Grade Retention on High School Completion
  Brian Jacob and Lars Lefgren #13514 (CH, ED, LS)
  
• The Value of Scarce Water: Measuring the Inefficiency of Municipal Regulations
  Erin T. Mansur and Sheila M. Olmstead #13513 (EEE, IO)
  
• Averting Regulatory Enforcement: Evidence from New Source Review
  Nathaniel Keohane, Erin T. Mansur, and Andrey Voynov #13512 (EEE, IO)
  
• Do Oligopolists Pollute Less? Evidence from a Restructured Electricity Market
  Erin T. Mansur #13511 (EEE, IO)
  
• Prices vs. Quantities: Environmental Regulation and Imperfect Competition
  Erin T. Mansur #13510 (EEE, IO)
  
• Measuring Welfare in Restructured Electricity Markets
  Erin T. Mansur #13509 (EEE, IO)
  
• Is Real-Time Pricing Green? The Environmental Impacts of Electricity Demand Variance
  Stephen P. Holland and Erin T. Mansur #13508 (EEE, IO)
  
• Vertical Arrangements, Market Structure, and Competition An Analysis of Restructured U.S. Electricity Markets
  James B. Bushnell, Erin T. Mansur, and Celeste Saravia #13507 (EEE, IO)
  
• Fear, Unemployment and Migration
  David G. Blanchflower and Chris Shadforth #13506 (LS, EFG, ME)
  
• Is Unemployment More Costly Than Inflation?
  David G. Blanchflower #13505 (LS, ME, EFG)
  
• Advisors and Asset Prices: A Model of the Origins of Bubbles
  Harrison Hong, Jose A. Scheinkman, and Wei Xiong #13504 (AP, CF)
  
• Income Tax Design and the Desirability of Subsidies to Secondary Workers in a Household Model with Joint and Non-Joint Time
  Edgar Cudmore, John Piggott, and John Whalley #13503 (LS, PE)
  
• Two Reasons Why Money and Credit May be Useful in Monetary Policy
  Lawrence Christiano, Roberto Motto, and Massimo Rostagno #13502 (EFG, ME)
  
• The Welfare Effects of Public Drug Insurance
  Darius Lakdawalla and Neeraj Sood #13501 (HC, HE, PE)
  
• The Economics of Inefficient Technology Use
  Paul Beaudry and Patrick Francois #13500 (EFG, PR)
  
• Unmeasured Investment and the Puzzling U.S. Boom in the 1990s
  Ellen R. McGrattan and Edward C. Prescott #13499 (EFG)
  
• Heterogeneous Impact of the "Seguro Popular" Program on the Utilization of Obstetrical Services in Mexico, 2001-2006: A Multinomial Probit Model with a Discrete Endogenous Variable
  Sandra G. Sosa-Rubi, Omar Galarraga, and Jeffrey E. Harris #13498 (HC, HE, PE)
  
• "Lost" on the Web: Does Web Distribution Stimulate or Depress Television Viewing?
  Joel Waldfogel #13497 (IO)
  
• Housing Price Volatility and Downsizing in Later Life
  James Banks, Richard Blundell, Zoë Oldfield, and James P. Smith #13496 (AG)
  
• The Income Gradient in Children's Health: A Comment on Currie, Shields and Wheatley Price
  Anne Case, Diana Lee, and Christina Paxson #13495 (CH, HE, HC)
  
• Wages, Violence and Health in the Household
  Anna Aizer #13494 (CH, HE, LS)
  
• Information Technology and Medical Missteps: Evidence from a Randomized Trial
  Jonathan C. Javitt, James B. Rebitzer, and Lonny Reisman #13493 (HC, LS)
  
• Love, Hate and Murder: Commitment Devices in Violent Relationships
  Anna Aizer and Pedro Dal Bó #13492 (CH, HE, LS)
  
• Migration Creation, Diversion, and Retention: New Deal Grants and Migration: 1935-1940
  Todd Sorensen , Price V. Fishback, Samuel Allen, and Shawn E. Kantor #13491 (DAE)
  
• Structural Uncertainty and the Value of Statistical Life in the Economics of Catastrophic Climate Change
  Martin Weitzman #13490 (EEE, PE)
  
• Sudden Stops: Determinants and Output Effects in the First Era of Globalization, 1880-1913
  Michael D. Bordo, Alberto F. Cavallo, and Christopher M. Meissner #13489 (DAE, IFM)
  
• Overweight in Adolescents: Implications for Health Expenditures
  Alan C. Monheit, Jessica P. Vistnes, and Jeannette A. Rogowski #13488 (HE)
  

---

Week of October 1 - October 8, 2007

• Computing Stochastic Dynamic Economic Models with a Large Number of State Variables: A Description and Application of a Smolyak-Collocation Method
  Benjamin Malin, Dirk Krueger, and Felix Kubler #t0345 (TWP)
  
• Optimal Mortgage Refinancing: A Closed Form Solution
  Sumit Agarwal, John C. Driscoll, and David Laibson #13487 (, AP, EFG, PE)
  
• The Informal Sector
  Áureo de Paula and José A. Scheinkman #13486 (PE)
  
• The Effects of Work-Conditioned Transfers on Marriage and Child Well-Being: A Review
  Jeffrey Grogger and Lynn Karoly #13485 (CH, LS, PE)
  
• Co-Authoring Advanced Art
  David Galenson #13484 (LS)
  
• The International Diversification Puzzle Is Not As Bad As You Think
  Jonathan Heathcote and Fabrizio Perri #13483 (EFG, IFM)
  
• Risk Tolerance and Alcohol Demand Among Adults and Older Adults
  Dhaval Dave and Henry Saffer #13482 (HE)
  
• Reference Points and the Theory of the Firm
  Oliver D. Hart #13481 (CF, LE)
  
• Personnel Economics
  Edward P. Lazear and Paul Oyer #13480 (CF, LE, LS)
  
• Childhood Disadvantage and Obesity: Is Nurture Trumping Nature?
  Patricia M. Anderson, Kristin F. Butcher, and Diane Whitmore Schanzenbach #13479 (CH, LS)
  
• The Lifetime Costs and Benefits of Medical Technology
  David M. Cutler #13478 (AG, HC, HE)
  
• Social Interactions and Smoking
  David M. Cutler and Edward L. Glaeser #13477 (AG, HC, HE)
  
• New Age Thinking: Alternative Ways of Measuring Age, Their Relationship to Labor Force Participation, Goverment Policies and GDP
  John B. Shoven #13476 (AG, PE)
  

---

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.

---