New This Week Archive

NBER Working Papers released in the past, by week.

Week of June 22, 2009 - June 28, 2009

• Obesity, Self-esteem and Wages
  Naci H. Mocan and Erdal Tekin #15101 (HE)
  
• Risk-Based Pricing and Risk-Reducing Effort: Does the Private Insurance Market Reduce Environmental Accidents?
  Haitao Yin, Howard Kunreuther, and Matthew Whte #15100 (EEE, IO, LE, PE)
  
• Crime and Body Weight in the Nineteenth Century: Was there a Relationship between Brawn, Employment Opportunities and Crime?
  Howard Bodenhorn and Gregory Price #15099 (DAE, LS)
  
• Abortion and Crime: A Review
  Theodore J. Joyce #15098 (CH, HE)
  
• Skill Dispersion and Trade Flows
  Matilde Bombardini, Giovanni Gallipoli, and German Pupato #15097 (ITI)
  
• Food Prices and the Dynamics of Body Weight
  Dana Goldman, Darius Lakdawalla, and Yuhui Zheng #15096 (HE)
  
• War and Relatedness
  Enrico Spolaore and Romain Wacziarg #15095 (POL)
  
• The New Kaldor Facts: Ideas, Institutions, Population, and Human Capital
  Charles I. Jones and Paul M. Romer #15094 (EFG, ITI, PR)
  
• The Competitive Saving Motive: Evidence from Rising Sex Ratios and Savings Rates in China
  Shang-Jin Wei and Xiaobo Zhang #15093 (IFM, ME)
  
• Identification in Matching Games
  Jeremy T. Fox #15092 (IO, LS, TWP)
  
• Do Multinationals or Domestic Firms Face Higher Effective Tax Rates?
  Kevin S. Markle and Douglas Shackelford #15091 (PE)
  
• Life at the top: the benefits of height
  Angus S. Deaton and Raksha Arora #15090 (AG, HC)
  
• Modern Medicine and the 20th Century Decline in Mortality: Evidence on the Impact of Sulfa Drugs
  Seema Jayachandran, Adriana Lleras-Muney, and Kimberly V. Smith #15089 (DAE, HC, HE)
  
• State Capacity, Conflict and Development
  Timothy J. Besley and Torsten Persson #15088 (POL)
  
• A Free Lunch in the Commons
  Matthew J. Kotchen and Stephen W. Salant #15086 (EEE, PE)
  
• Censored Quantile Instrumental Variable Estimates of the Price Elasticity of Expenditure on Medical Care
  Amanda E. Kowalski #15085 (AG, HC)
  
• What Comes to Mind
  Nicola Gennaioli and Andrei Shleifer #15084 (AP, CF)
  
• Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century
  Raghuram G. Rajan and Rodney Ramcharan #15083 (CF, DAE, ME, PE, POL)
  
• What Do Emissions Markets Deliver and to Whom? Evidence from Southern California's NOx Trading Program
  Meredith Fowlie, Stephen P. Holland, and Erin T. Mansur #15082 (EEE, IO)
  

Week of June 15, 2009 - June 21, 2009

• The Economics of Renewable Energy
  Geoffrey Heal #15081 (EEE)
  
• Inequality and Volatility Moderation in Russia: Evidence from Micro-Level Panel Data on Consumption and Income
  Yuriy Gorodnichenko, Klara Sabirianova Peter, and Dmitriy Stolyarov #15080 (ED, EFG, LS)
  
• Extending Life Cycle Models of Optimal Portfolio Choice: Integrating Flexible Work, Endogenous Retirement, and Investment Decisions with Lifetime Payouts
  Jingjing Chai, Wolfram Horneff, Raimond Maurer, and Olivia S. Mitchell #15079 (AG, LS, PE)
  
• Birth Cohort and the Black-White Achievement Gap: The Roles of Access and Health Soon After Birth
  Kenneth Y. Chay, Jonathan Guryan, and Bhashkar Mazumder #15078 (CH, ED, HC, HE, LS, PE)
  
• Decomposing the U.S. External Returns Differential
  Stephanie E. Curcuru, Tomas Dvorak, and Francis E. Warnock #15077 (IFM)
  
• The Equality Multiplier
  Erling Barth and Karl O. Moene #15076 (LS)
  
• The (Mythical?) Housing Wealth Effect
  Charles Calomiris, Stanley D. Longhofer, and William Miles #15075 (EFG)
  
• Opting For Families: Recent Trends in the Fertility of Highly Educated Women
  Qingyan Shang and Bruce A. Weinberg #15074 (CH, LS)
  
• Conceptual Revolutions in Twentieth-Century Art
  David Galenson #15073 (ED, LS)
  
• A Model of a Systemic Bank Run
  Harald Uhlig #15072 (AP, EFG, ME)
  
• Optimal Taxation in Theory and Practice
  N. Gregory Mankiw, Matthew Weinzierl, and Danny Yagan #15071 (ME, PE)
  
• Is Social Security Part of the Social Safety Net?
  Jeffrey R. Brown, Julia Lynn Coronado, and Don Fullerton #15070 (AG, PE)
  
• Empirics of Strategic Interdependence: The Case of the Racial Tipping Point
  William Easterly #15069 (POL)
  
• The Quality of Medical Care, Behavioral Risk Factors, and Longevity Growth
  Frank R. Lichtenberg #15068 (EFG, HC)
  
• China's Land Market Auctions: Evidence of Corruption
  Hongbin Cai, J. Vernon Henderson, and Qinghua Zhang #15067 (PE)
  
• Schooling, Cognitive Skills, and the Latin American Growth Puzzle
  Eric A. Hanushek and Ludger Woessmann #15066 (ED, EFG, LS, PE)
  
• Adoption Curves and Social Interactions
  William A. Brock and Steven N. Durlauf #15065 (EFG, TWP)
  
• Do Race and Fairness Matter in Generosity? Evidence from a Nationally Representative Charity Experiment
  Christina M. Fong and Erzo F.P. Luttmer #15064 (LS, PE, POL)
  
• Reducing Foreclosures: No Easy Answers
  Christopher Foote, Kristopher Gerardi, Lorenz Goette, and Paul Willen #15063 (EFG)
  

Week of May 31, 2009 - June 6, 2009

• Crash Risk in Currency Markets
  Emmanuel Farhi, Samuel Paul Fraiberger, Xavier Gabaix, Romain Ranciere, and Adrien Verdelhan #15062 (AP, EFG, IFM)
  
• Do Patent Pools Encourage Innovation? Evidence from the 19th-Century Sewing Machine Industry
  Ryan L. Lampe and Petra Moser #15061 (DAE, LE, PR)
  
• Learning by Drilling: Inter-Firm Learning and Relationship Persistence in the Texas Oilpatch
  Ryan Kellogg #15060 (EEE, IO, PR)
  
• Inequality Trends for Germany in the Last Two Decades: A Tale of Two Countries
  Nicola Fuchs-Sch?ndeln, Dirk Krueger, and Mathias Sommer #15059 (EFG)
  
• Bailouts, the Incentive to Manage Risk, and Financial Crises
  Stavros Panageas #15058 (AP, CF)
  
• Measuring Discrimination in Education
  Rema Hanna and Leigh Linden #15057 (CH, ED, LS)
  
• Equilibrium effects of public goods: The impact of community water fluoridation on dentists
  Katherine Ho and Matthew Neidell #15056 (HC, HE, IO, LS, PE)
  
• Labor-Market Regimes in U.S. Economic History
  Joshua L. Rosenbloom and William A. Sundstrom #15055 (DAE)
  
• Tax Policies for Low-Carbon Technologies
  Gilbert E. Metcalf #15054 (EEE, PE)
  
• Integrated Political Strategy
  John M. de Figueiredo #15053 (LE, POL)
  
• The Japanese Bubble: A 'Heterogeneous' Approach
  Robert B. Barsky #15052 (AP, EFG, ME)
  
• Generalized Agency Problems
  Randall Morck #15051 (CF)
  
• Do International Labor Standards Contribute to the Persistence of the Child Labor Problem?
  Matthias Doepke and Fabrizio Zilibotti #15050 (   EFG   POL)
  
• Information, Animal Spirits, and the Meaning of Innovations in Consumer Confidence
  Robert B. Barsky and Eric R. Sims #15049 (   EFG   ME)
  
• Trade, Offshoring, and the Invisible Handshake
  Bilgehan Karabay and John McLaren #15048 (ITI)
  
• Pricing Model Performance and the Two-Pass Cross-Sectional Regression Methodology
  Raymond Kan, Cesare Robotti, and Jay Shanken #15047 (AP)
  
• Economic Contextual Factors and Child Body Mass Index
  Lisa M. Powell and Frank J. Chaloupka #15046 (HE)
  
• The Credit Rating Crisis
  Efraim Benmelech and Jennifer Dlugosz #15045 (AP, CF, LE, ME)
  
• Firm Heterogeneity and the Long-run Effects of Dividend Tax Reform
  Francois Gourio and Jianjun Miao #15044 (CF, EFG, PE)
  
• Can a Focus on Breakthrough Technologies Improve the Performance of International Environmental Agreements?
  Michael Hoel and Aart de Zeeuw #15043 (EEE)
  
• Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance
  Randall Morck and Bernard Yeung #15042 (CF)
  
• Why Do Mothers Breastfeed Girls Less Than Boys? Evidence and Implications for Child Health in India
  Seema Jayachandran and Ilyana Kuziemko #15041 (CH, HC, HE)
  
• Amplification Mechanisms in Liquidity Crises
  Arvind Krishnamurthy #15040 (AP, CF, ME)
  
• Physical Activity: Economic and Policy Factors
  Melayne M. McInnes and Judith A. Shinogle #15039 (HE)
  
• Is Investor Rationality Time Varying? Evidence from the Mutual Fund Industry
  Vincent Glode, Burton Hollifield, Marcin Kacperczyk, and Shimon Kogan #15038 (AP, CF)
  
• The ABCs of Charitable Solicitation
  Jonathan Meer and Harvey S. Rosen #15037 (ED, PE)
  
• Why Do Skilled Immigrants Struggle in the Labor Market? A Field Experiment with Six Thousand Resumes
  Philip Oreopoulos #15036 (LS)
  
• Co-optimization of Enhanced Oil Recovery and Carbon Sequestration
  Andrew Leach, Charles F. Mason, and Klaas van't Veld #15035 (EEE)
  
• What Lies Beneath the Euro's Effect on Financial Integration: Currency Risk, Legal Harmonization, or Trade?
  Sebnem Kalemli-Ozcan, Elias Papaioannou, and Jose-Luis Peydro #15034 (EFG, IFM, ITI)
  
• Wage Dispersion in the Search and Matching Model with Intra-Firm Bargaining
  Dale T. Mortensen #15033 (EFG)
  
• Endogenous Cost-Effectiveness Analysis in Health Care Technology Adoption
  Anupam Jena and Tomas Philipson #15032 (AG, HC, HE)
  
• Energy Efficiency Economics and Policy
  Kenneth Gillingham, Richard G. Newell, and Karen Palmer #15031 (EEE)
  
• Comparative Advantage and Unemployment
  Mark Bils, Yongsung Chang, and Sun-Bin Kim #15030 (EFG)
  
• Technology Innovation and Diffusion as Sources of Output and Asset Price Fluctuations
  Diego A. Comin, Mark Gertler, and Ana Maria Santacreu #15029 (AP, EFG, ME, PR)
  
• Land Policy: Founding Choices and Outcomes, 1781-1802
  Farley Grubb #15028 (DAE)
  
• Direct and Indirect Effects of Teenage Body Weight on Adult Wages
  Euna Han, Edward C. Norton, and Lisa M. Powell #15027 (HE)
  
• Computing DSGE Models with Recursive Preferences
  Dario Caldara, Jes?s Fern?ndez-Villaverde, Juan F. Rubio-Ram?rez, and Wen Yao #15026 (EFG)
• Debt, Deficits and Finite Horizons: The Stochastic Case
  Roger Farmer, Carine Nourry, and Alain Venditti #15025 (EFG)
  
• Inflation and the Stock Market:Understanding the "Fed Model"
  Geert Bekaert and Eric Engstrom #15024 (AP)
  
• Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act
  Dhammika Dharmapala, C. Fritz Foley, and Kristin J. Forbes #15023 (CF, IFM, ITI, PE)
  
• Designing Climate Mitigation Policy
  Joseph E. Aldy, Alan J. Krupnick, Richard G. Newell, Ian W.H. Parry, and William A. Pizer #15022 (EEE)
  

Week of May 24 - May 30

• Fiscal Policy Can Reduce Unemployment: But There is a Less Costly and More Effective Alternative
  Roger E. A. Farmer #15021 (EFG)
  
• Effects of Japanese Macroeconomic Announcements on the Dollar/Yen Exchange Rate: High-Resolution Picture
  Yuko Hashimoto and Takatoshi Ito #15020 (IFM, ME)
  
• A Dynamic Model of Price Discrimination and Inventory Management at the Fulton Fish Market
  Kathryn Graddy and George Hall #15019 (IO)
  
• Financial Crisis and the Paradox of Under- and Over-Regulation
  Joshua Aizenman #15018 (IFM, ITI)
  
• Environmental Liability and Redevelopment of Old Industrial Land
  Hilary Sigman #15017 (EEE, LE, PE)
  
• Was there Really a Hawthorne Effect at the Hawthorne Plant? An Analysis of the Original Illumination Experiments
  Steven D. Levitt and John A. List #15016 (DAE, IO, LS)
  
• News, Noise, and Fluctuations: An Empirical Exploration
  Olivier J. Blanchard, Jean-Paul L'Huillier, and Guido Lorenzoni #15015 (EFG, ME)
  
• Understanding Inflation-Indexed Bond Markets
  John Y. Campbell, Robert J. Shiller, and Luis M. Viceira #15014 (AP, IFM, ME)
  
• Migration-Regime Liberalization and Social Security: Political-Economy Effect
  Assaf Razin and Edith Sand #15013 (IFM, PE)
  
• The Elasticity of Taxable Income with Respect to Marginal Tax Rates: A Critical Review
  Emmanuel Saez, Joel B. Slemrod, and Seth H. Giertz #15012 (PE)
  
• Joint-Search Theory: New Opportunities and New Frictions
  Bulent Guler, Fatih Guvenen, and Giovanni L. Violante #15011 (EFG, LS)
  
• Optimal Inattention to the Stock Market with Information Costs and Transactions Costs
  Andrew B. Abel, Janice C. Eberly, and Stavros Panageas #15010 (AP, EFG, ME)
  
• Liquidity Shocks and Order Book Dynamics
  Bruno Biais and Pierre-Olivier Weill #15009 (AP)
  
• On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals
  Philippe Bacchetta and Eric van Wincoop #15008 (AP, IFM)
  
• Child Care Subsidies and Childhood Obesity
  Chris M. Herbst and Erdal Tekin #15007 (CH, HE)
  
• Unraveling Results from Comparable Demand and Supply: An Experimental Investigation
  Muriel Niederle, Alvin E. Roth, and M. Utku Unver #15006 (LS)
  
• Differences in the U.S. Trends in the Prevalence of Obesity Based on Body Mass Index and Skinfold Thickness
  Richard V. Burkhauser, John Cawley, and Maximilian D. Schmeiser #15005 (CH, HC, HE)
  
• Crowding Out and Crowding In of Private Donations and Government Grants
  Garth Heutel #15004 (PE)
  
• Incomplete Information, Higher-Order Beliefs and Price Inertia
  George-Marios Angeletos and Jennifer La'O #15003 (EFG, ME)
  
• Causes and Consequences of the Oil Shock of 2007-08
  James D. Hamilton #15002 (EEE, EFG, ME)
  

Week of May 17, 2009 - May 23, 2009

• The Impact of State-Level Nutrition-Education Program Funding on BMI: Evidence from the Behavioral Risk Factor Surveillance System
  Kerry Anne McGeary #15001 (HE)
  
• The Impact of the AIDS Pandemic on Health Services in Africa: Evidence from Demographic and Health Surveys
  Anne Case and Christina Paxson #15000 (AG, CH, HC)
  
• Subsidies to Industry and the Environment
  David Kelly #14999 (EEE, AP)
  
• Requiescat in Pace? The Consequences of High Priced Funerals in South Africa
  Anne Case and Alicia Menendez #14998 (AG)
  
• Complexity and Financial Panics
  Ricardo J. Caballero and Alp Simsek #14997 (AP, CF, EFG, IFM)
  
• Monetary policy in Europe vs the US: what explains the difference?
  Harald Uhlig #14996 (EFG, ME)
  
• Impact of "Seguro Popular" on Prenatal Visits in Mexico, 2002-2005: Latent Class Model of Count Data with a Discrete Endogenous Variable
  Jeffrey E. Harris and Sandra G. Sosa-Rubi #14995 (HC, HE)
  
• Effects of Weight on Adolescent Educational Attainment
  Robert Kaestner, Michael Grossman, and Benjamin Yarnoff #14994 (HE)
  
• Monetary Policy and the Dollar
  Peter L. Rousseau #14993 (DAE, ME)
  
• International Trade and Labor Income Risk in the United States
  Pravin Krishna and Mine Zeynep Senses #14992 (ITI)
  
• Improving the Numerical Performance of BLP Static and Dynamic Discrete Choice Random Coefficients Demand Estimation
  Jean-Pierre H. Dub?, Jeremy T. Fox, and Che-Lin Su #14991 (IO)
  
• Corporate Debt Maturity and the Real Effects of the 2007 Credit Crisis
  Heitor Almeida, Murillo Campello, Bruno Laranjeira, and Scott Weisbenner #14990 (CF)
  
• Studying the Child Obesity Epidemic With Natural Experiments
  Robert Sandy, Gilbert Liu, John Ottensmann, Rusty Tchernis, Jeffrey Wilson, and O.T. Ford #14989 (HE)
  
• Food Stamp Program and Consumption Choices
  Neeraj Kaushal and Qin Gao #14988 (HC, HE)
  
• Outcomes in a Program that Offers Financial Rewards for Weight Loss
  John Cawley and Joshua A. Price #14987 (HC, HE, LS)
  
• Short Run Constraints and the Increasing Marginal Value of Time in Recreation
  Raymond B. Palmquist, Daniel J. Phaneuf, and V. Kerry Smith #14986 (EEE)
  
• The Relationship Between Neighborhood Quality and Obesity Among Children
  Bisakha Sen, Stephen Mennemeyer, and Lisa C. Gary #14985 (HE)
  
• Where Does the Wage Penalty Bite?
  Christian A. Gregory and Christopher J. Ruhm #14984 (HE)
  
• The Structure and Formation of Business Groups: Evidence from Korean Chaebols
  Heitor Almeida, Sang Yong Park, Marti Subrahmanyam, and Daniel Wolfenzon #14983 (CF)
  
• Noisy Business Cycles
  George-Marios Angeletos and Jennifer La'O #14982 (EFG, ME)
  
• What Are Cities Worth? Land Rents, Local Productivity, and the Capitalization of Amenity Values
  David Albouy #14981 (EEE, PE)
  
• A Search-Theoretic Model of the Retail Market for Illicit Drugs
  Manolis Galenianos, Rosalie Liccardo Pacula, and Nicola Persico #14980 (LE)
  
• Analyzing the Extent and Influence of Occupational Licensing on the Labor Market
  Morris M. Kleiner and Alan B. Krueger #14979 (LS)
  
• Spatial Price Discrimination with Heterogeneous Firms
  Jonathan Vogel #14978 (ITI, IO)
  
• Toxic Exposure in America: Estimating Fetal and Infant Health Outcomes
  Nikhil Agarwal, Chanont Banternghansa, and Linda Bui #14977 (EEE)
  
• The Optimal Taxation of Height: A Case Study of Utilitarian Income Redistribution
  N. Gregory Mankiw and Matthew Weinzierl #14976 (ME)
  
• The distinct effects of Information Technology and Communication Technology on firm organization
  Nicholas Bloom, Luis Garicano, Raffaella Sadun, and John Van Reenen #14975 (IO, LS, PR)
  
• Why do Institutions of Higher Education Reward Research While Selling Education?
  Dahlia K. Remler and Elda Pema #14974 (ED)
  
• Quantity-Quality and the One Child Policy:The Only-Child Disadvantage in School Enrollment in Rural China
  Nancy Qian #14973 (CH)
  
• Legal Protection in Retail Financial Markets
  Bruce I. Carlin and Simon Gervais #14972 (CF)
  

Week of May 10, 2009 - May 16, 2009

• When are Analyst Recommendation Changes Influential?
  Roger K. Loh and René M. Stulz #14971 (CF)
  
• Welfare Spending and Mortality Rates for the Elderly Before the Social Security Era
  Adrian Stoian and Price V. Fishback #14970 (DAE)
  
• The Paradox of Declining Female Happiness
  Betsey Stevenson and Justin Wolfers #14969 (EFG, LE, LS, PE)
  
• The Two Waves of Service Sector Growth
  Barry Eichengreen and Poonam Gupta #14968 (IFM)
  
• The Impact of the Asian Miracle on the Theory of Economic Growth
  Robert W. Fogel #14967 (IFM)
  
• Is the EITC Equivalent to an NIT? Conditional Cash Transfers and Tax Incidence
  Jesse Rothstein #14966 (LS, PE)
  
• Comparative Advantage, Complexity and Volatility
  Pravin Krishna and Andrei A. Levchenko #14965 (ITI)
  
• Education and the Prevalence of Pain
  Steven J. Atlas and Jonathan S. Skinner #14964 (AG, HC, HE)
  
• Carbon Geography: The Political Economy of Congressional Support for Legislation Intended to Mitigate Greenhouse Gas Production
  Michael I. Cragg and Matthew E. Kahn #14963 (EEE, PE, POL)
  
• What Does Global Expansion of Higher Education Mean for the US?
  Richard B. Freeman #14962 (LS)
  
• Patterns of International Capital Raisings
  Juan Carlos Gozzi, Ross Levine, and Sergio L. Schmukler #14961 (CF, IFM, ITI)
  
• Extensive and Intensive Investment over the Business Cycle
  Boyan Jovanovic and Peter L. Rousseau #14960 (EFG, DAE, PR)
  
• Sex and Science: How Professor Gender Perpetuates the Gender Gap
  Scott E. Carrell, Marianne E. Page, and James E. West #14959 (ED, LS)
  
• Marry for What: Caste and Mate Selection in Modern India
  Abhijit Banerjee, Esther Duflo, Maitreesh Ghatak, and Jeanne Lafortune #14958 (CH)
  
• Evaluating Rubin’s Causal Model for Measuring the Capitalization of Environmental Amenities
  H. Allen Klaiber and V. Kerry Smith #14957 (EEE)
  
• Measuring the Benefits of Product Variety with an Accurate Variety Set
  Bruce A. Blonigen and Anson Soderbery #14956 (ITI)
  
• Fear and Loathing in Las Vegas: Evidence from Blackjack Tables
  Bruce Ian Carlin and David T. Robinson #14955 (CF)
  
• Obfuscation, Learning, and the Evolution of Investor Sophistication
  Bruce Ian Carlin and Gustavo Manso #14954 (CF)
  
• What Governments Maximize and Why: The View from Trade
  Kishore Gawande, Pravin Krishna, and Marcelo Olarreaga #14953 (ITI, POL)
  
• Market Conditions and the Structure of Securities
  Isil Erel, Brandon Julio, Woojin Kim, and Michael Weisbach #14952 (CF)
  
• Do Investments in Universal Early Education Pay Off? Long-term Effects of Introducing Kindergartens into Public Schools
  Elizabeth U. Cascio #14951 (CH, DAE, ED)
  

Week of May 3, 2009 - May 9, 2009

• Letting Different Views about Business Cycles Compete
  Paul Beaudry and Bernd Lucke #14950 (EFG)
  
• Family Networks and School Enrolment: Evidence from a Randomized Social Experiment
  Manuela Angelucci, Giacomo DeGiorgi, Marcos A. Rangel, and Imran Rasul #14949 (CH, ED)
  
• Be as Careful of the Company You Keep as of the Books You Read: Peer Effects in Education and on the Labor Market
  Giacomo DeGiorgi, Michele Pellizzari, and Silvia Redaelli #14948 (ED)
  
• A Model of Casino Gambling
  Nicholas C. Barberis #14947 (AP)
  
• Half a Century of Public Software Institutions: Open Source as a Solution to Hold-Up Problem
  Michael Schwarz and Yuri Takhteyev #14946 (IO, PE, PR)
  
• Do School Entry Laws Affect Educational Attainment and Labor Market Outcomes?
  Carlos Dobkin and Fernando Ferreira #14945 (ED, LS)
  
• The Limitations of Stock Market Efficiency: Price Informativeness and CEO Turnover
  Gary B. Gorton, Lixin Huang, and Qiang Kang #14944 (AP, CF)
  
• Unstable Banking
  Andrei Shleifer and Robert W. Vishny #14943 (CF, EFG)
  
• The Demarcation of Land and the Role of Coordinating Institutions
  Gary D. Libecap and Dean Lueck #14942 (DAE, EEE, ITI, LS)
  
• Charitable Memberships, Volunteering, and Discounts: Evidence from a Large-Scale Online Field Experiment
  Andreas Lange and Andrew Stocking #14941 (EEE, PE)
  
• Scarcity of Ideas and R&D Options: Use it, Lose it or Bank it
  Nisvan Erkal and Suzanne Scotchmer #14940 (IO, LE)
  
• Pollution, Health, and Avoidance Behavior: Evidence from the Ports of Los Angeles
  Enrico Moretti and Matthew Neidell #14939 (EEE, HE)
  

Week of April 26, 2009 - May 2, 2009

• Estimating the Border Effect: Some New Evidence
  Gita Gopinath, Pierre-Olivier Gourinchas, Chang-Tai Hsieh, and Nicholas Li #14938 (EFG, IFM, ME)
  
• Electoral Accountability and Corruption: Evidence from the Audits of Local Governments
  Claudio Ferraz and Frederico Finan #14937 (POL)
  
• Pollution and International Trade in Services
  Arik Levinson #14936 (EEE)
  
• Trade Reforms and Market Selection: Evidence from Manufacturing Plants in Colombia
  Marcela Eslava, John C. Haltiwanger, Adriana D. Kugler, and Maurice Kugler #14935 (EFG, IO, ITI, PR)
  
• The Random Coefficients Logit Model Is Identified
  Patrick Bajari, Jeremy Fox, Kyoo il Kim, and Stephen P. Ryan #14934 (IO, TWP)
  
• Altruistic Dynamic Pricing with Customer Regret
  Julio J. Rotemberg #14933 (EFG, ME)
  
• What’s the “Interest” in FDA Drug Advisory Committee Conflicts of Interest?
  Joseph Golec and John Vernon #14932 (HE)
  
• Why Do Foreign Firms Have Less Idiosyncratic Risk than U.S. Firms?
  Söhnke M. Bartram, Gregory Brown, and René M. Stulz #14931 (CF)
• On the Self-interested Use of Equity in International Climate Negotiations
  Andreas Lange, Andreas Löschel, Carsten Vogt, and Andreas Ziegler #14930 (EEE)
  
• Efficient Recapitalization
  Thomas Philippon and Philipp Schnabl #14929 (AP, CF, EFG, LE, ME, PE)
  
• Firms' Exporting Behavior under Quality Constraints
  Juan Carlos Hallak and Jagadeesh Sivadasan #14928 (ITI)
  
• Three Epochs of Oil
  Eyal Dvir and Kenneth S. Rogoff #14927 (IFM, ME)
  

Week of April 19, 2009 - April 25, 2009

• Does it Matter Who Has the Right to Patent: First-to-invent or First-to-file? Lessons From Canada
  Shih-tse Lo and Dhanoos Sutthiphisal #14926 (DAE)
  
• Fear of Fire Sales and the Credit Freeze
  Douglas W. Diamond and Raghuram G. Rajan #14925 (CF, EFG, IFM, ME)
  
• Adolescent Cognitive and Non-cognitive Correlates of Adult Health
  Robert Kaestner #14924 (CH, HE)
  
• The Price of Political Opposition: Evidence from Venezuela's Maisanta
  Chang-Tai Hsieh, Edward Miguel, Daniel Ortega, and Francisco Rodriguez #14923 (EFG, LS, PE, POL)
  
• Interviewing in Two-Sided Matching Markets
  Robin S. Lee and Michael Schwarz #14922 (LS)
  
• Experts and Their Records
  Alexander Frankel and Michael Schwarz #14921 (LS)
  
• Which Immigrants Are Most Innovative and Entrepreneurial? Distinctions by Entry Visa
  Jennifer Hunt #14920 (LS, PR)
  
• Reply to "Generalizing the Taylor Principle: A Comment"
  Troy Davig and Eric M. Leeper #14919 (EFG)
  
• Ruggedness: The Blessing of Bad Geography in Africa
  Nathan Nunn and Diego Puga #14918 (POL)
  
• The Long Term Consequences of Famine on Survivors: Evidence from a Unique Natural Experiment using China's Great Famine
  Xin Meng and Nancy Qian #14917 (CH)
  
• Thresholds in the Process of International Financial Integration
  M. Ayhan Kose, Eswar S. Prasad, and Ashley D. Taylor #14916 (IFM)
  
• Adverse Selection in Competitive Search Equilibrium
  Veronica Guerrieri, Robert Shimer, and Randall Wright #14915 (EFG, LS)
  
• Finance and Development: A Tale of Two Sectors
  Francisco J. Buera, Joseph Kaboski, and Yongseok Shin #14914 (EFG)
  
• U.S. Stock Market Crash Risk, 1926-2006
  David S. Bates #14913 (AP)
  
• State Dependence and Alternative Explanations for Consumer Inertia
  Jean-Pierre Dube, G?enter J. Hitsch, and Peter E. Rossi #14912 (IO)
  
• Ability-grouping and Academic Inequality: Evidence From Rule-based Student Assignments
  C. Kirabo Jackson #14911 (ED, LS)
  
• Trade and Income -- Exploiting Time Series in Geography
  James Feyrer #14910 (EFG, ITI)
  
• The Long or Short of it: Determinants of Foreign Currency Exposure in External Balance Sheets
  Philip R. Lane and Jay C. Shambaugh #14909 (IFM)
  
• Inequality and the Measurement of Residential Segregation by Income In American Neighborhoods
  Tara Watson #14908 (HE, LS)
  
• Block Recursive Equilibria for Stochastic Models of Search on the Job
  Guido Menzio and Shouyong Shi #14907 (TWP)
  
• Efficient Search on the Job and the Business Cycle
  Guido Menzio and Shouyong Shi #14905 (EFG)
  

Week of April 12, 2009 - April 18, 2009

• Motivating Politicians: The Impacts of Monetary Incentives on Quality and Performance
  Claudio Ferraz and Frederico Finan #14906 (POL)
  
• How the Subprime Crisis Went Global: Evidence from Bank Credit Default Swap Spreads
  Barry Eichengreen, Ashoka Mody, Milan Nedeljkovic, and Lucio Sarno #14904 (IFM, ITI, ME)
  
• Risk Shifting and Mutual Fund Performance
  Jennifer Huang, Clemens Sialm, and Hanjiang Zhang #14903 (AP, CF)
  
• Anticipated Alternative Instrument-Rate Paths in Policy Simulations
  Stefan Laséen and Lars E.O. Svensson #14902 (EFG, IFM, ME)
  
• Wage Risk and Employment Risk over the Life Cycle
  Hamish Low, Costas Meghir, and Luigi Pistaferri #14901 (EFG)
  
• Beyond Wages: The Effects of Immigration on the Scale and Composition of Output
  Francesca Mazzolari and David Neumark #14900 (LS)
  
• The Importance of History for Economic Development
  Nathan Nunn #14899 (POL)
  
• Fund Managers, Career Concerns, and Asset Price Volatility
  Veronica Guerrieri and Péter Kondor #14898 (AP, EFG, CF)
  
• Disclosure and the Cost of Capital: Evidence from Firms’ Responses to the Enron Shock
  Christian Leuz and Catherine Schrand #14897 (CF)
  
• Better LATE Than Nothing: Some Comments on Deaton (2009) and Heckman and Urzua (2009)
  Guido W. Imbens #14896 (LS)
  
• The Great Inflation in the United States and the United Kingdom: Reconciling Policy Decisions and Data Outcomes
  Riccardo DiCecio and Edward Nelson #14895 (ME)
  
• Euro Membership as a U.K. Monetary Policy Option: Results from a Structural Model
  Riccardo DiCecio and Edward Nelson #14894 (ME)
  
• Gender Interactions within Hierarchies: Evidence from the Political Arena
  Stefano Gagliarducci and M. Daniele Paserman #14893 (LS, POL)
  
• Wall Street's First Corporate Governance Crisis: The Panic of 1826
  Eric Hilt #14892 (CF, DAE, LE)
  
• Regional Trade Integration and Multinational Firm Strategies
  Pol Antràs and C. Fritz Foley #14891 (ITI)
  
• Do Regulations Based on Credit Ratings Affect a Firms Cost of Capital?
  Darren J. Kisgen and Philip E. Strahan #14890 (CF)
  
• CAPM for Estimating the Cost of Equity Capital: Interpreting the Empirical Evidence
  Zhi Da, Re-Jin Guo, and Ravi Jagannathan #14889 (AP)
  
• Global Financial Structure and Climate Change
  John Whalley and Yufei Yuan #14888 (EEE)
  
• Financial Integration and Business Cycle Synchronization
  Sebnem Kalemli-Ozcan, Elias Papaioannou, and José Luis Peydró #14887 (EFG, IFM)
  
• Can You Get What You Pay For? Pay-For-Performance and the Quality of Healthcare Providers
  Kathleen J. Mullen, Richard G. Frank, and Meredith B. Rosenthal #14886 (HC, HE)
  
• Does Affirmative Action Lead to Mismatch? A New Test and Evidence
  Peter Arcidiacono, Esteban M. Aucejo, Hanming Fang, and Kenneth I. Spenner #14885 (ED, LE, LS, PE)
  
• Sixty Years after the Magic Carpet Ride: The Long-Run Effect of the Early Childhood Environment on Social and Economic Outcomes
  Eric D. Gould, Victor Lavy, and M. Daniele Paserman #14884 (CH, ED, LS)
  
• Sophisticated Monetary Policies
  Andrew Atkeson, V. V. Chari, and Patrick Kehoe #14883 (EFG)
  
• Bayesian and Frequentist Inference in Partially Identified Models
  Hyungsik Roger Moon and Frank Schorfheide #14882 (EFG, ME)
  
• Information Asymmetry, Information Precision, and the Cost of Capital
  Richard A. Lambert, Christian Leuz, and Robert E. Verrecchia #14881 (AP, CF)
  
• Carbon Motivated Regional Trade Arrangements: Analytics and Simulations
  Yan Dong and John Whalley #14880 (EEE)
  
• A New Test of Borrowing Constraints for Education
  Meta Brown, John Karl Scholz, and Ananth Seshadri #14879 (CH, ED, PE)
  
• The Alchemy of CDO Credit Ratings
  Efraim Benmelech and Jennifer Dlugosz #14878 (CF)
  
• Does Corporate Governance Matter in Competitive Industries?
  Xavier Giroud and Holger M. Mueller #14877 (CF)
  
• An Elaborated Global Climate Policy Architecture: Specific Formulas and Emission Targets for All Countries in All Decades
  Jeffrey A. Frankel #14876 (EEE)
  
• Strategy-proofness versus Efficiency in Matching with Indifferences: Redesigning the New York City High School Match
  Atila Abdulkadiroglu, Parag A. Pathak, and Alvin E. Roth #14864 (ED, PE)
  

Week of April 5, 2009 - April 11, 2009

• Listing of Working PapersRisk Matters: The Real Effects of Volatility Shocks
  Jesús Fernández-Villaverde, Pablo A. Guerrón-Quintana, Juan Rubio-Ramírez, and Martín Uribe #14875 (EFG)
  
• The Finnish Great Depression: From Russia with Love
  Yuriy Gorodnichenko, Enrique G. Mendoza, and Linda L. Tesar #14874 (EFG, IFM, ME)
  
• Gender Roles and Medical Progress
  Stefania Albanesi and Claudia Olivetti #14873 (DAE, EFG)
  
• DSGE Model-Based Forecasting of Non-modelled Variables
  Frank Schorfheide, Keith Sill, and Maxym Kryshko #14872 (EFG, ME)
  
• Valuing Toxic Assets: An Analysis of CDO Equity
  Francis A. Longstaff and Brett Myers #14871 (AP)
  
• Sticky Prices Versus Monetary Frictions: An Estimation of Policy Trade-offs
  S. Boragan Aruoba and Frank Schorfheide #14870 (EFG, ME)
  
• Paying for Progress: Conditional Grants and the Desegregation of Southern Schools
  Elizabeth Cascio, Nora Gordon, Ethan Lewis, and Sarah Reber #14869 (CH, DAE, ED, PE)
  
• Business and Financial Method Patents, Innovation, and Policy
  Bronwyn H. Hall #14868 (IO, PR)
  
• Outside and Inside Liquidity
  Patrick Bolton, Tano Santos, and Jose A. Scheinkman #14867 (AP, CF)
  
• Forced Sales and House Prices
  John Y. Campbell, Stefano Giglio, and Parag Pathak #14866 (AP, PE)
  
• Technology Diffusion and Productivity Growth in Health Care
  Jonathan Skinner and Douglas Staiger #14865 (AG, HC, PR)
  
• Credit Market Shocks and Economic Fluctuations: Evidence from Corporate Bond and Stock Markets
  Simon Gilchrist, Vladimir Yankov, and Egon Zakrajsek #14863 (ME)
  
• The Great Inflation Drift
  Marvin Goodfriend and Robert G. King #14862 (AP, EFG, ME)
  
• The Investment Strategies of Sovereign Wealth Funds
  Shai Bernstein, Josh Lerner, and Antoinette Schoar #14861 (CF)
  
• Complementarity and Aggregate Implications of Assortative Matching: A Nonparametric Analysis
  Bryan S. Graham, Guido W. Imbens, and Geert Ridder #14860 (LS)
  
• How does simplified disclosure affect individuals' mutual fund choices?
  John Beshears, James J. Choi, David Laibson, and Brigitte C. Madrian #14859 (AG, AP, PE)
  
• The Riddle of the Great Pyramids
  Randall Morck #14858 (CF)
  
• Government Form and Public Spending: Theory and Evidence from U.S. Municipalities
  Stephen Coate and Brian Knight #14857 (PE, POL)
  
• A Theory of Outsourcing and Wage Decline
  Thomas J. Holmes and Julia Thornton Snider #14856 (PR)
  
• Procurement Contracting with Time Incentives: Theory and Evidence
  Patrick Bajari and Gregory Lewis #14855 (IO)
  
• The Olympic Effect
  Andrew K. Rose and Mark M. Spiegel #14854 (IFM, ITI, PE)
  
• Menstruation and Education in Nepal
  Emily Oster and Rebecca Thornton #14853 (HE, LS)
  
• Charter Schools in New York City: Who Enrolls and How They Affect Their Students' Achievement
  Caroline M. Hoxby and Sonali Murarka #14852 (CH, ED, LS, PE, TWP)
  
• The Governance and Performance of Research Universities: Evidence from Europe and the U.S.
  Philippe Aghion, Mathias Dewatripont, Caroline M. Hoxby, Andreu Mas-Colell, and André Sapir #14851 (ED, LS, PE)
  
• Face Value: Information and Signaling in an Illegal Market
  Trevon Logan and Manisha Shah #14841 (LE)
  

Week of March 29, 2009 - April 4, 2009

• Why is Mobility in India so Low? Social Insurance, Inequality, and Growth
  Kaivan Munshi and Mark Rosenzweig #14850 (EFG)
  
• Surprising Comparative Properties of Monetary Models: Results from a New Data Base
  John B. Taylor and Volker Wieland #14849 (ME)
  
• Entrepreneurial Finance and Non-diversifiable Risk
  Hui Chen, Jianjun Miao, and Neng Wang #14848 (AP, CF, EFG)
  
• Fluctuations in Overseas Travel by Americans, 1820 to 2000
  Brandon Dupont, Alka Gandhi, and Thomas Weiss #14847 (DAE)
  
• Confidence, Crashes and Animal Spirits
  Roger E.A. Farmer #14846 (EFG, ME)
  
• A Unified Theory of Tobin's q, Corporate Investment, Financing, and Risk Management
  Patrick Bolton, Hui Chen, and Neng Wang #14845 (AP, CF)
  
• Early Admissions at Selective Colleges
  Christopher Avery and Jonathan D. Levin #14844 (ED, IO)
  
• Financial Openness and Productivity
  Geert Bekaert, Campbell R. Harvey, and Christian Lundblad #14843 (AP, IFM)
  
• Estimation of Causal Effects in Experiments with Multiple Sources of Noncompliance
  John Engberg, Dennis Epple, Jason Imbrogno, Holger Sieg, and Ron Zimmer #14842 (CH, ED, PE)
  
• Decentralized Matching with Aligned Preferences
  Muriel Niederle and Leeat Yariv #14840 (IO, LS)
  
• Employer-Sponsored Health Insurance and the Promise of Health Insurance Reform
  Thomas C. Buchmueller and Alan C. Monheit #14839 (HC, HE)
  
• Can A Rational Choice Framework Make Sense of Anorexia Nervosa?
  Robert S. Goldfarb, Thomas C. Leonard, Sara Markowitz, and Steven Suranovic #14838 (CH, HE)
  
• Concording U.S. Harmonized System Categories Over Time
  Justin R. Pierce and Peter K. Schott #14837 (ITI)
  
• Teaching the Tax Code: Earnings Responses to an Experiment with EITC Recipients
  Raj Chetty and Emmanuel Saez #14836 (LS, PE)
  
• The Law of One Price Without the Border: The Role of Distance Versus Sticky Prices
  Mario J. Crucini, Mototsugu Shintani, and Takayuki Tsuruga #14835 (IFM)
  
• A Model of International Cities: Implications for Real Exchange Rates
  Mario J. Crucini and Hakan Yilmazkuday #14834 (IFM)
  
• The Causes and Effects of International Migrations: Evidence from OECD Countries 1980-2005
  Francesc Ortega and Giovanni Peri #14833 (EFG, ITI, LS)
  
• Energy, the Environment, and Technological Change
  David Popp, Richard G. Newell, and Adam B. Jaffe #14832 (EEE, PR)
  
• The Consequences of Radical Reform: The French Revolution
  Daron Acemoglu, Davide Cantoni, Simon Johnson, and James A. Robinson #14831 (POL)
  
• Show Me the Money: Does Shared Capitalism Share the Wealth?
  Robert Buchele, Douglas Kruse, Loren Rodgers, and Adria Scharf #14830 (LS)
  
• Currency Misalignments and Optimal Monetary Policy: A Reexamination
  Charles Engel #14829 (IFM, ME)
  

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