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New This Week Archive

NBER Working Papers released in the past, by week.

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Week of June 28, 2004

Latest NBER Working Papers

• The Political Economy of Fair Housing Laws Prior to 1968
  William J. Collins #10610 (DAE)
  
• How Elections Matter: Theory and Evidence from Environmental Policy
  John A. List and Daniel M. Sturm #10609 (PE)
  
• Breakfast of Champions? The School Breakfast Program and the Nutrition of Children and Families
  Jayanta Bhattacharya, Janet Currie, and Steven Haider #10608 (ED, HE, LS, C)
  
• The Purchasing Power Parity Debate
  Alan M. Taylor and Mark P. Taylor #10607 (IFM, ITI)
  
• Measuring the Growth from Better and Better Goods
  Mark Bils #10606 (EFG)
  
• Exploring the Patent Explosion
  Bronwyn H. Hall #10605 (IO, P)
  
• The Impact of Presumed Consent Legislation on Cadaveric Organ Donation: A Cross Country Study
  Alberto Abadie and Sebastien Gay #10604 (HE)
  
• Learning on the Quick and Cheap: Gains from Trade Through Imported Expertise
  James R. Markusen and Thomas F. Rutherford #10603 (ITI)
  
• Managing Volatility and Crises: A Practitioner's Guide Overview
  Joshua Aizenman and Brian Pinto #10602 (IFM)
  
• Peace and War in Territorial Disputes
  Herschel I. Grossman #10601 (EFG)
  
• The Impact of the Terms of Trade on Economic Development in the Periphery, 1870-1939
  Christopher Blattman, Jason Hwang, and Jeffrey G. Williamson #10600 (DAE, ITI)
  
• Dividend Policy, Agency Costs, and Earned Equity
  Harry DeAngelo, Linda DeAngelo, and René M. Stulz #10599 (CF, AP)
  
• Economic Impacts of Unionization on Private Sector Employers: 1984-2001
  John DiNardo and David S. Lee #10598 (LS)
  

  Chapters for Forthcoming NBER Books

  "WTO Dispute Settlements in East Asia"
  Dukgeun Ahn
  "Tight Clothing: How the MFA Affects Asian Apparel Exports"
  Carolyn L. Evans and James Harrigan
  Comment by Leonard K. Cheng on "Tight Clothing: How the MFA Affects Asian Apparel Exports"
  Carolyn L. Evans and James Harrigan
  "The Formation of International Production and Distribution Networks in East Asia"
  Mitsuyo Ando and Fukunari Kimra
  "International R&D Deployment and Locational Advantage: A Case Study of Taiwan"
  Meng-chun Liu and Shin-Horng Chen
  "The Trade and Investment Effects of Preferential Trading Arrangements"
  Philippa Dee and Jyothi Gali
  Comment by Bih-Jane Liu on "The Trade and Investment Effects of Preferential Trading Arrangements"
  Philippa Dee and Jyothi Gali
  "The Impacts of an East Asia Free Trade Agreement on Foreign Trade in East Asia"
  Shujiro Urata and Kozo Kiyota
  "The Effects of Financial Crises on International Trade"
  Zihui Ma and Leonard K. Cheng
  Comment by Kozo Kiyota on ""The Effects of Financial Crises on International Trade"
  Zihui Ma and Leonard K. Cheng
  "Border Delays and Trade Liberalization"
  Edgar Cudmore and John Whalley

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Week of June 21, 2004

Latest NBER Working Papers

• Exotic Preferences for Macroeconomists
  David Backus, Bryan Routledge, and Stanley Zin #10597 (EFG, AP)
  
• The Effect of Population Health on Foreign Direct Investment
  Marcella Alsan, David E. Bloom, and David Canning #10596 (HE, ITI)
  
• Facts and Fantasies about Commodity Futures
  Gary Gorton and K. Geert Rouwenhorst #10595 (AP)
  
• Product Variety and Demand Uncertainty
  Dennis W. Carlton and James D. Dana, Jr. #10594 (IO)
  
• Trade, Inequality, and Poverty: What Do We Know? Evidence from Recent Trade Liberalization Episodes in Developing Countries
  Pinelopi K. Goldberg and Nina Pavcnik #10593 (ITI, LS)
  
• Are Technology Improvements Contractionary?
  Susanto Basu, John Fernald, and Miles Kimball #10592 (EFG, ME, P)
  
• Does School Accountability Lead to Improved Student Performance
  Eric A. Hanushek and Margaret E. Raymond #10591 (ED, PE, C)
  
• The Quality of Labor Relations and Unemployment
  Olivier Blanchard and Thomas Philippon #10590 (EFG, LS, ME)
  
• Preference Formation and the Rise of Women's Labor Force Participation: Evidence from WWII
  Raquel Fernandez, Alessandra Fogli, and Claudia Olivetti #10589 (EFG, LS, LE)
  
• The Timing, Intensity, and Composition of Interest Group Lobbying: An Analysis of Structural Policy Windows in the States
  John M. de Figueiredo #10588 (IO, LE)
  
• The Costs of Entrenched Boards
  Lucian Bebchuk and Alma Cohen #10587 (CF, LE)
  
• India's De-Industrialization Under British Rule: New Ideas, New Evidence
  David Clingingsmith and Jeffrey G. Williamson #10586 (DAE, ITI)
  
• Trade Liberalization and Pollution Havens
  Josh Ederington, Arik Levinson, and Jenny Minier #10585 (ITI)
  
• Slow Recoveries
  Raphael Bergoeing, Norman Loayzaw, and Andrea Repetto #10584 (EFG, P)
  
• Measuring Market Integration: Foreign Exchange Arbitrage and the Gold Standard, 1879-1913
  Eugene Canjels, Gauri Prakash-Canjels, and Alan M. Taylor #10583 (DAE, IFM)
  
• The Rise of U.S. Antidumping Actions in Historical Perspective
  Douglas Irwin #10582 (DAE, ITI)
  
• Was There a Nasdaq Bubble in the Late 1990s?
  Lubos Pastor and Pietro Veronesi #10581 (AP)
  
• Until it's Over, Over There: The U.S. Economy in World War I
  Hugh Rockoff #10580 (DAE)
  
• Maximum Likelihood Estimation of Stochastic Volatility Models
  Yacine Ait-Sahalia and Robert Kimmel #10579 (AP)
  
• Education for Innovation: Entrepreneurial Breakthroughs vs. Corporate Incremental Improvements
  William J. Baumol #10578 (IO)
  
• Why Barriers to Entry are Barriers to Understanding
  Dennis W. Carlton #10577 (IFM)
  
• Why Doesn't Asia Have Bigger Bond Markets?
  Barry Eichengreen and Pipat Luengnaruemitchai #10576 (CF, IFM)
  
• Targeted Remedial Education for Under-Performing Teenagers: Costs and Benefits
  Victor Lavy and Analia Schlosser #10575 (ED, LS, C)
  
• Should We Fear Derivatives?
  Rene M. Stulz #10574 (CF, AP)
  

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Week of June 14, 2004

Latest NBER Working Papers

• Asymmetric Cycles
  Boyan Jovanovic #10573 (EFG, P)
  
• Do Dividend Payments Respond to Taxes? Preliminary Evidence from the 2003 Dividend Tax Cut
  Raj Chetty and Emmanuel Saez #10572 (CF, PE)
  
• Conflicts of Interest, Information Provision, and Competition in Banking
  Patrick Bolton, Xavier Freixas, and Joel Shapiro #10571 (CF, IO)
  
• Search, Obfuscation, and Price Elasticities on the Internet
  Glenn Ellison and Sara Fisher Ellison #10570 (IO)
  
• Productivity, Tradability, and the Long-Run Price Puzzle
  Paul Bergin, Reuven Glick, and Alan M. Taylor #10569 (DAE, ITI, P)
  
• Do Institutions Cause Growth?
  Edward L. Glaeser, Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer #10568 (EFG)
  
• SEC Regulation Fair Disclosure, Information, and the Cost of Capital
  Armando Gomes, Gary Gorton, and Leonardo Madureira #10567 (CF, IO, AP)
  
• Growth Accelerations
  Ricardo Hausman, Lant Pritchett, and Dani Rodrik #10566 (EFG, ITI)
  
• Globalization, Returns to Accumulations and the World Distribution of Output
  Paul Beaudry and Fabrice Collard #10565 (EFG, ITI)
  
• Further Tests of Abortion and Crime
  Ted Joyce #10564 (HE, C)
  
• The Real Effects of Investor Sentiment
  Christopher Polk and Paola Sapienza #10563 (CF, EFG, AP)
  
• The Economic Effects of Living Wage Laws: A Provisional Review
  Scott Adams and David Neumark #10562 (LS)
  
• When Do Living Wages Bite?
  Scott Adams and David Neumark #10561 (LS)
  
• Growth Volatility and Financial Liberalization
  Geert Bekaert, Campbell R. Harvey, and Christian Lundblad #10560 (ITI, AP, EFG)
  
• The Stock Market and Investment: Evidence from FDI Flows
  Malcolm Baker, C. Fritz Foley, and Jeffrey Wurgler #10559 (IFM, ITI, AP)
  
• Conscription as Regulation
  Casey Mulligan and Andrei Shleifer #10558 (LS, PE)
  
• The Green Solow Model
  William A. Brock and M. Scott Taylor #10557 (EFG, ENV)
  
• Shakeouts and Market Crashes
  Alessandro Barbarino and Boyan Jovanovic #10556 (EFG, AP)
  
• Growth Effects of the Exchange-Rate Regime and the Capital-Account Openness in a Crisis Prone World Market: A Nuanced View
  Assaf Razin and Yona Rubinstein #10555 (IFM)
  
• Where Do New US-Trained Science-Engineering PhDs Come From?
  Richard B. Freeman, Emily Jin, and Chia-Yu Shen #10554 (ED, LS)
  

  Chapters for Forthcoming NBER Books

  "The Effects of Overseas Investment on Domestic Employment"
  Tain-Jy Chen and Ying-Hua Ku
  Introduction to "Innovation Policy and the Economy"
  Volume 5, edited by Adam B. Jaffe, Josh Lerner and Scott Stern
  "The Growing Problem of Antidumping Protection"
  Thomas J. Prusa
  "The Democratization of Invention: Patents and Copyrights in American Economic Development, 1790-1920"
  monograph by B. Zorina Khan
  "Broken Down by Work and Sex: How our Health Declines"
  Anne Case and Angus Deaton

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Week of June 7, 2004

Latest NBER Working Papers

• When Do Firms Hire Lobbyists? The Organization of Lobbying at the Federal Communications Commission
  John M. deFigueiredo and James J. Kim #10553 (IO, LE)
  
• The Costs of Low Birth Weight
  Douglas Almond, Kenneth Y. Chay, and David S. Lee #10552 (HE, C)
  
• "Success Taxes," Entrepreneurial Entry, and Innovation
  William M. Gentry and R. Glenn Hubbard #10551 (PE)
  
• The Economic Implications of Corporate Financial Reporting
  John R. Graham, Campbell R. Harvey, and Shiva Rajgopal #10550 (CF, AP)
  
• Welfare Reform and Health
  Marianne Bitler, Jonah Gelbach, and Hilary Hoynes #10549 (HE, PE)
  
• Stock Prices, News and Economic Fluctuations
  Paul Beaudry and Franck Portier #10548 (EFG, AP)
  
• Futures Prices as Risk-adjusted Forecasts of Monetary Policy
  Monika Piazzesi and Eric Swanson #10547 (ME)
  
• Profit Neutrality in Licensing: The Boundary between Antitrust Law and Patent Law
  Stephen M. Maurer and Suzanne Scotchmer #10546 (LE, P)
  
• Financial Constraints and Growth: Multinational and Local Firm Responses to Currency Crises
  Mihir A. Desai, C. Fritz Foley, and Kristin J. Forbes #10545 (CF, IFM)
  

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Week of May 31, 2004

Latest NBER Working Papers

• Heterogeneous Productivity Response to Tariff Reduction: Evidence from Brazilian Manufacturing Firms
  Adriana Schor #10544 (ITI, P)
  
• Earnings Manipulation and Managerial Investment Decisions: Evidence from Sponsored Pension Plans
  Daniel Bergstresser, Mihir A. Desai, and Joshua Rauh #10543 (CF, LS, AP, PE)
  
• How Much Do Medical Students Know About Physician Income?
  Sean Nicholson #10542 (HE, LS)
  
• Incentive Effects of Social Assistance: A Regression Discontinuity Approach
  Thomas Lemieux and Kevin Milligan #10541 (LS, PE)
  
• International Trade and Macroeconomic Dynamics with Heterogeneous Firms
  Fabio Ghironi and Marc J. Melitz #10540 (EFG, IFM, ITI)
  
• Political Budget Cycles in New versus Established Democracies
  Adi Brender and Allan Drazen #10539 (EFG, IFM)
  
• The Globalization of the Software Industry: Perspectives and Opportunities for Developed and Developing Countries
  Ashish Arora and Alfonso Gambardella #10538 (ITI, P)
  
• Do Stock Price Bubbles Influence Corporate Investment?
  Simon Gilchrist, Charles P. Himmelberg, and Gur Huberman #10537 (CF, ME, AP)
  
• Mergers and Acquisitions in the Pharmaceutical and Biotech Industries
  Patricia M. Danzon, Andrew Epstein, and Sean Nicholson #10536 (CF, HE, IO)
  
• Building Relationships Early: Banks in Venture Capital
  Thomas Hellmann, Laura Lindsey, and Manju Puri #10535 (CF)
  
• International Reserves Management and Capital Mobility in a Volatile World: Policy Considerations and a Case Study of Korea
  Joshua Aizenman, Yeonho Lee, and Yeongseop Rhee #10534 (IFM, ITI)
  

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Week of May 24, 2004

Latest NBER Working Papers

• Dealing with Destabilizing ‘Market Discipline'
  Daniel Cohen and Richard Portes #10533 (IFM)
  
• Fiscal Policy and Financial Depth
  Ricardo J. Caballero and Arvind Krishnamurthy #10532 (CF, EFG, IFM)
  
• The Value of Phased Retirement
  Steven G. Allen #10531 (A, LS)
  
• Bargaining in Legislatures: An Empirical Investigation
  Brian Knight #10530 (PE)
  
• International Migration in the Long-Run: Positive Selection, Negative Selection and Policy
  Timothy J. Hatton and Jeffrey G. Williamson #10529 (ITI, LS)
  
• Identifying the Effects of the Americans with Disabilities Act Using State-Law Variation: Preliminary Evidence on Educational Participation Effects
  Christine Jolls #10528 (LS, LE)
  
• Consumption Commitments and Preferences for Risk
  Andrew Postlewaite, Larry Samuelson, and Dan Silverman #10527 (EFG, LS)
  
• Firms' Histories and Their Capital Structures
  Ayla Kayhan and Sheridan Titman #10526 (CF)
  
• The German Public Pension System: How it Was, How it Will Be
  Axel Boersch-Supan and Christina B. Wilke #10525 (A, PE)
  
• A Small Corner of Intertemporal Public Finance - New Developments in Monetary Economics
  Willem H. Buiter #10524 (EFG, ME, PE)
  
• Firm Dynamics, Investment, and Debt Portfolio: Balance Sheet Effects of the Mexican Crisis of 1994
  Sangeeta Pratap and Carlos Urritia #10523 (EFG)
  
• The Effect of Adolescent Experience on Labor Market Outcomes: The Case of Height
  Nicola Persico, Andrew Postlewaite, and Dan Silverman #10522 (LS)
  
• How Fast Do Personal Computers Depreciate? Concepts and New Estimates
  Mark E. Doms, Wendy E. Dunn, Stephen D. Oliner, and Daniel E. Sichel #10521 (PE)
  
• On the Empirics of Sudden stops: The Relevance of Balance-Sheet Effects
  Guillermo A. Calvo, Alejandro Izquierdo, and Luis-Fernando Mejia #10520 (IFM)
  
• Fear of Sudden Stops: Lessons from Australia and Chile
  Ricardo J. Caballero, Kevin Cowan, and Jonathan Kearns #10519 (EFG, IFM)
  
• Speculative Growth: Hints from the US Economy
  Ricardo J. Caballero, Emmanuel Farhi, and Mohamad L. Hammour #10518 (EFG, IFM)
  
• Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective
  Ricardo J. Caballero and Arvind Krishnamurthy #10517 (EFG, IFM)
  
• HIV Breakthroughs and Risky Sexual Behavior
  Dana Goldman, Darius Lakdawalla, and Neeraj Sood #10516 (HE)
  
• A Portrait of the Artist as a Very Young or Very Old Innovator: Creativity at the Extremes of the Life Cycle
  David W. Galenson #10515 (LS)
  
• Measuring Self-Control
  John Ameriks, Andrew Caplin, John Leahy, and Tom Tyler #10514 (EFG)
  
• The Impact of Education on Fertility and Child Mortality: Do Fathers Really Matter Less Than Mothers?
  Lucia Breierova and Esther Duflo #10513 (ED, C)
  
• The Role of Immigration in Dealing with the Developed World's Demographic Transition #10512 (A, PE)
  Hans Fehr, Sabine Jokisch, and Laurence Kotlikoff #10512 (A, PE)
  
• The Role of Public Health Improvements in Health Advances: The 20th Century United States
  David M. Cutler and Grant Miller #10511 (HE)
  
• Trust and Bribery: The Role of Quid Pro Quo and the Link with Crime
  Jennifer Hunt #10510 (LS, PE)
  
• Tax Effects on Work Activity, Industry Mix, and Shadow Economy Size: Evidence from Rich-Country Comparisons
  Steven J. Davis and Magnus Henrekson #10509 (EFG, LS, PE)
  
• Obesity as a Barrier to the Transition from Welfare to Work
  John Cawley and Sheldon Danziger #10508 (HE, LS)
  
• The Path to the Top: Changes in the Attributes and Careers of Corporate Executives, 1980-2001
  Peter Cappelli and Monika Hamori #10507 (LS)
  
• Simple Estimators for the Parameters of Discrete Dynamic Games (with Entry/Exit Examples
  Ariel Pakes, Michael Ostrovsky, and Steve Berry #10506 (IO, P)
  

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Week of May 17, 2004

Latest NBER Working Papers

• Housing Collateral and Consumption Insurance Across US Regions
  Hanno Lustig and Stijn Van Neiuwerburgh #10505 (EFG, LS)
  
• Prediction Markets
  Justin Wolfers and Eric Zitzewitz #10504 (EFG)
  
• Land of Addicts? An Empirical Investigation of Habit-Based Asset Pricing Behavior
  Xiaohong Chen and Sydney C. Ludvigson #10503 (AP)
  
• Do Domestic Investors Have an Edge? The Trading Experience of Foreign Investors in Korea
  Hyuk Choe, Bong-Chan Kho, and Rene M. Stulz #10502 (IFM, AP)
  
• Market Structure and Productivity: A Concrete Example
  Chad Syverson #10501 (IO, P)
  
• Optimal Unemployment Insurance When Income Effects are Large
  Raj Chetty #10500 (LS, PE)
  
• Money, Sex, and Happiness: An Empirical Study
  David G. Blanchflower and Andrew J. Oswald #10499 (HE, LE)
  
• Intrahousehold Resource Allocation in Côte d'Ivoire: Social Norms, Separate Accounts and Consumption Choices
  Esther Duflo and Christopher Udry #10498 (C)
  

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Week of May 10, 2004

Latest NBER Working Papers

• Global Imbalances and the Lessons of Bretton Woods
  Barry Eichengreen #10497 (DAE, IFM)
  
• On the Two Way Feedback Between Financial and Trade Openness
  Joshua Aizenman and Ilan Noy #10496 (ITI)
  
• Elements of a Theory of Design Limits to Optimal Policy
  William A. Brock and Steven N. Durlauf #10495 (EFG)
  
• Are Perks Purely Managerial Excess?
  Raghuram Rajan and Julie Wulf #10494 (CF, LS)
  
• The Economic Aftermath of the 1960s Riots: Evidence from Property Values
  William J. Collins and Robert A. Margo #10493 (DAE, LS)
  
• Moving Up or Moving Out? Anti-Sweatshop Activists and Labor Market Outcomes
  Ann Harrison and Jason Scorse #10492 (ITI, LS)
  
• The Tying of Lending and Equity Underwriting
  Steven Drucker #10491 #10491 (CF)
  
• On the (Ir)Relevence of Distribution and Labor Supply Distortion to Government Policy
  Louis Kaplow #10490 #10490 (LE, PE)
  
• The Role of Information in Medical Markets: An Analysis of Publicly Reported Outcomes in Cardiac Surgery
  David M. Cutler, Robert S. Huckman, and Mary Beth Landrum #10489 (HE)
  
• The Take Up of Social Benefits
  Janet Currie #10488 (LS, PE, C)
  
• Do Welfare Asset Limits Affect Household Saving? Evidence from Welfare Reform
  Erik Hurst and James P. Ziliak #10487 (EFG, A, PE)
  
• Plan Design and 401(k) Savings Outcomes
  James J. Choi, David Laibson, and Brigitte C. Madrian #10486 (CF, EFG, A, LS, PE)
  
• Social Capital
  Steven N. Durlauf and Marcel Fafchamps #10485 (EFG)
  
• Finders Keepers: Forfeiture Laws, Policing Incentives, and Local Budgets
  Katherine Baicker and Mirielle Jacobson #10484 (PE)
  

  Chapters for Forthcoming NBER Books

  "A New Approach to the Valuation of Intangible Capital"
  Jason G. Cummins
  Comment by Thomas J. Prusa on "International R&D Deployment and Locational Advantage: A Case Study of Taiwan," by Meng-chun Liu and Shin-Horng Chen
  "The Globalization of the Software Industry: Perspectives and Opportunities for Developed and Developing Countries"
  Ashish Arora and Alfonso Gambardella
  "Education for Innovation: Entrepreneurial Breakthroughs versus Corporate Incremental Improvements"
  William J. Baumol
  "Jurisdictional Advantage"
  Maryann Feldman and Roger Martin
  "'Success Taxes,' Entrepreneurial Entry, and Innovation"
  R. Glenn Hubbard and William Gentry

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Week of May 3, 2004

Latest NBER Working Papers

• A Comprehensive Look at the Empirical Performance of Equity Premium Prediction
  Amit Goyal and Ivo Welch #10483 (CF, AP)
  
• Assessing the Economic Gains from Telecom Competition
  Richard N. Clarke, Kevin A. Hassett, Zoya Ivanova, and Laurence J. Kotlikoff #10482 (IO)
  
• Institutions as the Fundamental Cause of Long-Run Growth
  Daron Acemoglu, Simon Johnson, and James Robinson #10481 (EFG)
  
• Trade Costs
  James E. Anderson and Eric van Wincoop #10480 (ITI)
  
• Bank Chartering and Political Corruption in Antebellum New York: Free Banking as Reform
  Howard Bodenhorn #10479 (DAE)
  
• Education, Work, and Crime: A Human Capital Approach
  Lance Lochner #10478 (LS, C)
  
• How Confident Can We Be in CGE-Based Assessments of Free Trade Agreements?
  Thomas Hertel, David Hummels, Maros Ivanic, and Roman Keeney #10477 (ITI)
  
• Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows and Exchange Rates?
  Harald Hau and Helene Rey #10476 (IFM, AP)
  
• Bank Supervision, Regulation, and Instability During the Great Depression
  Kris James Mitchener #10475 (DAE, ME)
  
• R&D Sourcing, Joint Ventures and Innovation: A Multiple Indicators Approach
  James D. Adams and Mircea Marcu #10474 (P)
  
• Retail Electricity Competition
  Paul L. Joskow and Jean Tirole #10473 (IO)
  
• Reliability and Competitive Electricity Markets
  Paul L. Joskow and Jean Tirole #10472 (IO)
  
• Corporate Tax Avoidance and High Powered Incentives
  Mihir A. Desai and Dhammika Dharmapala #10471 (CF, PE)
  
• Who Benefits from the Education Saving Incentives? Income, Educational Expectations, and the Value of the 529 and Coverdell
  Susan M. Dynarski #10470 (ED, C)
  
• Earnings Inequality and the Business Cycle
  Gadi Barlevy and Daniel Tsiddon #10469 (EFG, LS)
  
• Soft Information, Hard Shell: The Role of Soft Information in the Pricing of Intellectual Property Evidence for Screenplays Sales
  William N. Goetzman, Vicente Pons-Sanz, and S. Abraham Ravid #10468 (IO, AP)
  
• Specialization and Regulation: The Rise of Professionals and the Emergence of Occupational Licensing Regulation
  Marc T. Law and Sukkoo Kim #10467 (HE, DAE, LS)
  
• Social Security and the Evolution of Elderly Poverty
  Gary V. Engelhardt and Jonathan Gruber #10466 (A, PE)
  
• Factor Substitution and Unobserved Factor Quality in Nursing Homes
  John Cawley, David C. Grabowski, and Richard A. Hirth #10465 (HE)
  
• Death Spiral or Euthanasia? The Demise of Generous Group Health Insurance Coverage
  Mark V. Pauly, Olivia Mitchell, and Yuhui Zeng #10464 (HE)
  

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Week of April 26, 2004

Latest NBER Working Papers

• A Simple Model of Optimal Hate Crime Legislation
  Li Gan, Roberton C. Williams III, and Thomas Wiseman #10463 (PE)
  
• A Test for Anchoring and Yea-Saying in Experimental Consumption Data
  Arthur van Soest and Michael Hurd #10462 (A)
  
• Models for Anchoring and Acquiescence Bias in Consumption Data
  Arthur van Soest and Michael Hurd #10461 (A)
  
• What Determines Corruption? International Evidence from Micro Data
  Naci Mocan #10460 (EFG, LE)
  
• Child Care Subsidy Receipt, Employment, and Child Care Choices of Single Mothers
  Erdal Tekin #10459 (HE, LS, C)
  
• A Model of Housing in the Presence of Adjustment Costs: A Structural Interpretation of Habit Persistence
  Marjorie Flavin and Shinobu Nakagawa #10458 (EFG)
  
• The Shape of Production Functions and the Direction of Technical Change
  Charles I. Jones #10457 (EFG, P)
  
• What prompts Japan to Intervene in the Forex Market? A New Approach to a Reaction Function
  Takatoshi Ito and Tomoyoshi Yabu #10456 (IFM)
  

  Chapters for Forthcoming NBER Books

  "A New Approach to the Valuation of Intangible Capital"
  Jason G. Cummins
  Comment by Thomas J. Prusa on "International R&D Deployment and Locational Advantage: A Case Study of Taiwan," by Meng-chun Liu and Shin-Horng Chen

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Week of April 19, 2004

Latest NBER Working Papers

• On the Efficacy of Reforms: Policy Tinkering Institutional Change, and Entrepreneurship
  Murat Iyigun and Dani Rodrik #10455 (CF, PE)
  
• Consumption-Wealth Comovement of the Wrong Sign
  James J. Choi, David Laibson, Brigitte C. Madrian, and Andrew Metrick #10454 (EFG, AP)
  
• R-squared Around the World: New Theory and New Tests
  Li Jin and Stewart C. Myers #10453 (CF)
  
• Does Prekindergarten Improve School Preparation and Performance?
  Katherine A. Magnuson, Christopher J. Ruhm, and Jane Waldfogel #10452 (ED, C)
  
• Constitutions, Corporations, and Corruption: American States and Constitutional Change
  John Joseph Wallis #10451 (DAE)
  
• Estimating Dynamic Models of Imperfect Competition
  Patrick Bajari, C. Lanier Benkard, and Jonathan Levin #10450 (IO)
  

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Week of April 12, 2004

Latest NBER Working Papers

• Investor Sentiment and the Cross-Section of Stock Returns
  Malcolm Baker and Jeffrey Wurgler #10449 (CF, AP)
  
• High-Frequency Contagion Between the Exchange Rates and Stock Prices
  Yuko Hashimoto and Takatoshi Ito #10448 (IFM, AP)
  
• Assessing the Risk in Sample Minimum Risk Portfolios
  Gopal K. Basak, Ravi Jagannathan, and Tongshu Ma #10447 (AP)
  
• Investment, Capacity, and Uncertainty: A Putty-Clay Approach
  Simon Gilchrist and John C. Williams #10446 (ME)
  
• Access to Care, Provider Choice and Racial Disparities
  Anna Aizer, Adriana Lleras-Muney, and Mark Stabile #10445 (HE, C)
  
• Social Security and Trust Fund Management
  Takashi Oshio #10444 (A, PE)
  
• The Optimal Design of Unemployment Insurance and Employment Protection. A First Pass
  Olivier Blanchard and Jean Tirole #10443 (EFG, ME, PE)
  
• Factor Prices and Factor Substitution in U.S. Firms' Manufacturing Affiliates Abroad
  Maria Borga and Robert E. Lipsey #10442 (ITI)
  
• Financial-Sector FDI and Host Countries: New and Old Lessons
  Linda Goldberg #10441 (ITI)
  
• Fiscal Shenanigans, Targeted Federal Health Care Funds, and Patient Mortality
  Katherine Baicker and Douglas Staiger #10440 (HE, PE)
  
• Political Pressure Deflection
  James E. Anderson and Maurizio Zanardi #10439 (ITI)
  
• Which Countries Have State Religions?
  Robert J. Barro and Rachel M. McCleary #10438 (EFG)
  
• Managed Care Discounting: Evidence from the MarketScan Database
  Avi Dor, Siran Koroukian, and Michael Grossman #10437 (HE)
  
• Information Diffusion Effects in Individual Investors' Common Stock Purchases: Covet Thy Neighbors' Investment Choices
  Zoran Ivkovich and Scott Weisbenner #10436 (AP)
  
• Child Mental Health and Human Capital Accumulation: The Case of ADHD
  Janet Currie and Mark Stabile #10435 (ED, HE, C)
  
• Short Interest and Stock Returns
  Paul Asquith, Parag A. Pathak, and Jay R. Ritter #10434 (CF, AP)
  
• Schumpeterian Profits in the American Economy: Theory and Management
  William D. Nordhaus #10433 (EFG, P)
  
• Hierarchies, Specialization, and the Utilization of Knowledge: Theory and Evidence from the Legal Services Industry
  Luis Garicano and Thomas N. Hubbard #10432 (IO)
  
• The Yield Curve, Recessions and the Credibility of the Monetary Regime: Long Run Evidence 1875-1997
  Michael D. Bordo and Joseph G. Haubrich #10431 (DAE, ME)
  

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Week of April 5, 2004

Latest NBER Working Papers

• Fiscal Policy in the Aftermath of 9/11
  Martin Eichenbaum and Jonas Fisher #10430 (EFG, ME, PE)
  
• Competition in Imperfect Markets? Does it Help California's Medicaid Mothers?
  Anna Aizer, Janet Currie, and Enrico Moretti #10429 (HE, IO, PE, C)
  
• Quantile Regression under Misspecification, with an Application to the U.S. Wage Structure
  Joshua Angrist, Victor Chernozhukov, and Ivan Fernandez-Val #10428 (LS)
  
• Hedonic Price Indexes for Personal Computer Operating Systems and Productivity Suites
  Alan G. White, Jaison R. Abel, Ernst R. Berndt, and Cory W. Monroe #10427 (P)
  
• International Trade and Cultural Identity
  Eckhard Janeba #10426 (ITI)
  
• Shame and Ostracism: Union Army Deserters Leave Home
  Dora L. Costa and Matthew E. Kahn #10425 (DAE)
  
• How Much is Post-Acute Care Use Affected by Its Availability?
  Melinda Beeuwkes Buntin, Anita Datar Garten, Susan Paddock, Debra Saliba, Mark Totten, and Jose C. Escarce #10424 (HE)
  
• The Nobel Memorial Prize for Robert F.Engle
  Francis X. Diebold #10423 (AP)
  
• Optimal Recursive Refinancing and the Valuation of Mortgage-Backed Securities
  Francis A. Longstaff #10422 (CF, AP)
  
• Employee Stock Purchase Plan
  Gary V. Engelhardt and Brigitte C. Madrian #10421 (CF, A, LS, PE)
  
• Backward Stealing and Forward Manipulation in the WTO
  Kyle Bagwell and Robert W. Staiger #10420 (ITI)
  
• 401(k) Matching Contributions in Company Stock: Costs and Benefits for Firms and Workers
  Jeffrey R. Brown, Nellie Liang, and Scott Weisbenner #10419 (CF, A, LS, PE)
  
• Corporate Yield Spreads: Default Risk or Liquidity? New Evidence from the Credit-Default Swap Market
  Francis A. Longstaff, Sanjay Mithal, and Eric Neis #10418 (AP)
  
• Legal Institutions and Financial Development
  Thorsten Beck and Ross Levine #10417 (IFM)
  
• Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment
  Tamim Bayoumi, Douglas Laxton, and Paolo Pesenti #10416 (EFG, IFM)
  
• Phased-In Tax Cuts and Economic Activity
  Christopher L. House and Matthew D. Shapiro #10415 (EFG, PE)
  
• Home Care Reimbursement, Long-term Care Utilization, and Health Outcomes
  Robin McKnight #10414 (A, HE)
  
• Conditional Betas
  Tano Santos and Pietro Veronesi #10413 (AP)
  
• A Rational Model of the Closed-End Fund Discount
  Jonathan Berk and Richard Stanton #10412 (AP)
  
• Financial Claustrophobia: Asset Pricing in Illiquid Markets
  Francis A. Longstaff #10411 (CF, AP)
  
• Heterogeneous Investors and their Changing Demand and Supply Schedules for Individual Common Stocks
  Jung-Wook Kim, Jason Lee, and Randall K. Morck #10410 (CF, AP)
  
• Asymmetric Social Interaction in Economics: Beatriz Gonzalez Lopez-Valcarel Cigarette Smoking Among Young People in the United States
  Jeffrey E. Harris and Beatriz Gonzalez Lopez-Valcarel #10409 (HE)
  

  Chapters for Forthcoming NBER Books

  "The Trade and Investment Effects of Preferential Trading Arrangements"
  Philippa Dee and Jyothi Gali
  "Employee Stock Purchase Plans"
  Gary V. Engelhart and Brigitte C. Madrian
  "Top Wealth Shares in the United States, 1916-2000: Evidence from Estate Tax Returns"
  Wojciech Kopczuk and Emmanuel Saez
  "The Alternative Minimum Tax and Effective Marginal Tax Rates"
  Daniel R. Feenberg and James M. Poterba
  "Valuing Assets in Retirement Saving Accounts"
  James M. Poterba

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