Archive of New National Bureau of Economic Research Working Papers and Books
New This Week Archive
NBER Working Papers released in the past, by week.Week of June 21, 2010 - June 28, 2010
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Trade Policy and Firm Boundaries
Laura Alfaro, Paola Conconi, Harald Fadinger, and Andrew F. Newman #16118 (IO ITI)
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Climate Policy and Voluntary Initiatives: An Evaluation of the Connecticut Clean Energy Communities Program
Matthew J. Kotchen #16117 (EEE)
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Upstream versus Downstream Implementation of Climate Policy
Erin T. Mansur #16116 (EEE)
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HIV and Fertility Revisited
Sebnem Kalemli-Ozcan and Belgi Turan #16115 (EFG IFM)
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Evaluating the Slow Adoption of Energy Efficient Investments:
Are Renters Less Likely to Have Energy Efficient Appliances?
Lucas W. Davis #16114 (EEE)
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Twins or Strangers? Differences and Similarities between Industrial and Academic Science
Henry Sauermann and Paula E. Stephan #16113 (LS PR)
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Estimating Heterogeneous Treatment Effects of Medicaid Expansions on Take-up and Crowd-out
John C. Ham, I. Serkan Ozbeklik, and Lara Shore-Sheppard #16112 (CH HC PE)
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Climate Policy and Labor Markets
Olivier Deschenes #16111 (EEE)
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Building Bridges Between Structural and Program Evaluation Approaches to Evaluating Policy
James J. Heckman #16110 (LS TWP)
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Belts and Suspenders: Interactions Among Climate Policy Regulations
Arik Levinson #16109 (EEE)
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U.S. War Costs: Two Parts Temporary, One Part Permanent
Ryan D. Edwards #16108 (DAE EFG PE)
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The Political Economy of the Subprime Mortgage Credit Expansion
Atif Mian, Amir Sufi, and Francesco Trebbi #16107 (POL)
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US Trade and Wages: The Misleading Implications of Conventional Trade Theory
Lawrence Edwards and Robert Z. Lawrence #16106 (ITI)
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Do Developed and Developing Countries Compete Head to Head in High-tech?
Lawrence Edwards and Robert Z. Lawrence #16105 (ITI)
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Markets for Anthropogenic Carbon Within the Larger Carbon Cycle
Severin Borenstein #16104 (EEE)
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International Business Cycle Synchronization in Historical Perspective
Michael D. Bordo and Thomas F. Helbling #16103 (DAE)
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Do Consumer Price Subsidies Really Improve Nutrition?
Robert T. Jensen and Nolan H. Miller #16102 (AG HC)
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Distributional Impacts in a Comprehensive Climate Policy Package
Gilbert E. Metcalf, Aparna Mathur, and Kevin A. Hassett #16101 (EEE PE)
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How Can Policy Encourage Economically Sensible Climate Adaptation?
V. Kerry Smith #16100 (EEE)
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Nominal Rigidities and Retail Price Dispersion in Canada over the Twentieth Century
Ross D. Hickey and David S. Jacks #16098 (DAE)
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Income Inequality, the Median Voter, and the Support for Public Education
Sean Corcoran and William N. Evans #16097 (CH ED PE)
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Assessing the Incidence and Efficiency of a Prominent Place Based Policy
Matias Busso, Jesse Gregory, and Patrick M. Kline #16096 (LS PE)
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Optimal Monetary Stabilization Policy
Michael Woodford #16095 (EFG ME)
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The Dynamics of Optimal Risk Sharing
Patrick Bolton and Christopher Harris #16094 (AP CF)
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The Optimal Inflation Rate in New Keynesian Models
Olivier Coibion, Yuriy Gorodnichenko, and Johannes F. Wieland #16093 (EFG IFM ME)
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Monetary Theory from a Chinese Historical Perspective
Zheng Xueyi, Yaguang Zhang, and John Whalley #16092 (ME)
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Overborrowing, Financial Crises and 'Macro-prudential' Taxes
Javier Bianchi and Enrique G. Mendoza #16091 (EFG IFM)
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The Potential Global and Developing Country Impacts of Alternative Emission Cuts and Accompanying Mechanisms for the Post Copenhagen
Huifang Tian and John Whalley #16090 (EEE ITI)
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Is it Live or is it Internet? Experimental Estimates of the Effects of Online Instruction on Student Learning
David N. Figlio, Mark Rush, and Lu Yin #16089 (CH ED)
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Trends in World Inequality in Life Span Since 1970
Ryan D. Edwards #16088 (AG HE)
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Understanding Policy in the Great Recession: Some Unpleasant Fiscal Arithmetic
John H. Cochrane #16087 (AP EFG)
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States in Fiscal Distress
Robert P. Inman #16086 (PE POL)
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Do Sticky Prices Increase Real Exchange Rate Volatility at the Sector Level?
Mario J. Crucini, Mototsugu Shintani, and Takayuki Tsuruga #16081 (IFM ME)
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Competing for Attention in Financial Markets
Bruce Ian Carlin, Shaun William Davies, and Andrew Miles Iannaccone #16085 (CF IO)
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Are Free Trade Agreements Contagious?
Richard Baldwin and Dany Jaimovich #16084 (ITI)
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Social Structure and Development: A Legacy of the Holocaust in Russia
Daron Acemoglu, Tarek A. Hassan, and James A. Robinson #16083 (DAE POL AG)
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Skills, Tasks and Technologies: Implications for Employment and Earnings
Daron Acemoglu and David Autor #16082 (LS)
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Adverse Selection, Reputation and Sudden Collapses in Secondary Loan Markets
V.V. Chari, Ali Shourideh, and Ariel Zetlin-Jones #16080 (CF EFG)
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Do Global Banks Spread Global Imbalances? The Case of Asset-Backed Commercial Paper During the Financial Crisis of 2007-09
Viral V. Acharya and Philipp Schnabl #16079 (CF IFM)
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Scaling the Digital Divide: Home Computer Technology and Student Achievement
Jacob L. Vigdor and Helen F. Ladd #16078 (CH ED)
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The Effect of Hospital Nurse Staffing on Patient Health Outcomes: Evidence from Californiaâs Minimum Staffing Regulation
Andrew Cook, Martin Gaynor, Melvin Stephens, Jr., and Lowell Taylor #16077 (HC LS)
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Income and the Utilization of Long-Term Care Services: Evidence from the Social Security Benefit Notch
Gopi Shah Goda, Ezra Golberstein, and David C. Grabowski #16076 (AG HC HE PE)
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Measuring Business Cycles by Saving for a Rainy Day
Mario J. Crucini and Mototsugu Shintani #16075 (EFG IFM)
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DSGE Models for Monetary Policy Analysis
Lawrence J. Christiano, Mathias Trabandt, and Karl Walentin #16074 (EFG)
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Composition of Wealth, Conditioning Information, and the Cross-Section of Stock Returns
Nikolai Roussanov #16073 (AP)
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Effects of Welfare Reform on Illicit Drug Use of Adult Women
Hope Corman, Dhaval M. Dave, Nancy E. Reichman, and Dhiman Das #16072 (HE)
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Business Cycles With A Common Trend in Neutral and Investment-Specific Productivity
Stephanie Schmitt-Grohé and Martín Uribe #16071 (EFG)
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School accountability and teacher mobility
Li Feng, David N. Figlio, and Tim Sass #16070 (CH ED)
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Evaluating the Effects of Large Scale Health Interventions in Developing Countries: The Zambian Malaria Initiative
Nava Ashraf, Günther Fink, and David N. Weil #16069 (HE)
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Financial Innovation and Financial Fragility
Nicola Gennaioli, Andrei Shleifer, and Robert W. Vishny #16068 (AP CF)
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Oil, Automobiles, and the U.S. Economy: How Much have Things Really Changed?
Valerie A. Ramey and Daniel J. Vine #16067 (EFG ME)
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Recessions, Reeling Markets, and Retiree Well-Being
Courtney C. Coile and Phillip B. Levine #16066 (AG LS PE CF)
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In Search of Real Rigidities
Gita Gopinath and Oleg Itskhoki #16065 (EFG IFM ME)
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The GED
James J. Heckman, John Eric Humphries, and Nicholas S. Mader #16064 (CH ED LS PE)
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Risk Aversion and Wealth: Evidence from Person-to-Person Lending Portfolios
Daniel Paravisini, Veronica Rappoport, and Enrichetta Ravina #16063 (AP CF ME)
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Field Experiments in Labor Economics
John A. List and Imran Rasul #16062 (ED LS)
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Indian Equity Markets: Measures of Fundamental Value
Rajnish Mehra #16061 (AP)
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The Collateral Channel: How Real Estate Shocks Affect Corporate Investment
Thomas Chaney, David Sraer, and David Thesmar #16060 (CF)
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The Great Trade Collapse of 2008-09: An Inventory Adjustment?
George Alessandria, Joseph P. Kaboski, and Virgiliu Midrigan #16059 (EFG IFM ITI)
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Aggregate Idiosyncratic Volatility
Geert Bekaert, Robert J. Hodrick, and Xiaoyan Zhang #16058 (AP IFM)
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Segregation and Tiebout Sorting: Investigating the Link between Investments in Public Goods and Neighborhood Tipping
H. Spencer Banzhaf and Randall P. Walsh #16057 (EEE)
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Competitive Effects of Means-Tested School Vouchers
David N. Figlio and Cassandra M.D. Hart #16056 (CH ED)
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Unpacking Neighborhood Influences on Education Outcomes: Setting the Stage for Future Research
David J. Harding, Lisa Gennetian, Christopher Winship, Lisa Sanbonmatsu, and Jeffrey R. Kling #16055 (CH ED LS)
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The Optimal Rate of Inflation
Stephanie Schmitt-Grohe and Martin Uribe #16054 (EFG ME)
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Distributional Implications of Alternative U.S. Greenhouse Gas Control Measures
Sebastian Rausch, Gilbert E. Metcalf, John M. Reilly, and Sergey Paltsev #16053 (EEE)
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External Capital Structures and Oil Price Volatility
John D. Burger, Alessandro Rebucci, Francis E. Warnock, and Veronica Cacdac Warnock #16052 (IFM)
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Are Increasing 5-Year Survival Rates Evidence of Success Against Cancer? A reexamination using data from the U.S. and Australia
Frank R. Lichtenberg #16051 (AG EFG HC HE PR)
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Ambiguity and Climate Policy
Antony Millner, Simon Dietz, and Geoffrey Heal #16050 (EEE PE)
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Contracts between Legal Persons
Lewis A. Kornhauser and W. Bentley MacLeod #16049 (LE)
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Great Expectations: Law, Employment Contracts, and Labor Market Performance
W. Bentley MacLeod #16048 (LE LS)
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Are Leading Indicators of Financial Crises Useful for Assessing Country Vulnerability? Evidence from the 2008-09 Global Crisis
Jeffrey A. Frankel and George Saravelos #16047 (IFM)
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Exports, Borders, Distance, and Plant Size
Thomas J. Holmes and John J. Stevens #16046 (ITI PR)
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Decomposition Methods in Economics
Nicole Fortin, Thomas Lemieux, and Sergio Firpo #16045 (LS)
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Does Foreign Exchange Reserve Decumulation Lead to Currency Appreciation?
Kathryn M.E. Dominguez, Rasmus Fatum, and Pavel Vacek #16044 (IFM)
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Growth Accounting with Misallocation: Or, Doing Less with More in Singapore
John Fernald and Brent Neiman #16043 (EFG IFM PR)
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Chasing Noise
Brock Mendel and Andrei Shleifer #16042 (AP CF)
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CEO Overconfidence and Innovation
Alberto Galasso and Timothy S. Simcoe #16041 (PR)
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Coordination, Switching Costs and the Division of Labor in General Medicine: An Economic Explanation for the Emergence of Hospitalists in the United States
David O. Meltzer and Jeanette W. Chung #16040 (HC)
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An Empirical Model for Strategic Network Formation
Nicholas A. Christakis, James H. Fowler, Guido W. Imbens, and Karthik Kalyanaraman #16039 (LS TWP)
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Investment under Uncertainty:
Testing the Options Model with Professional Traders
John A. List and Michael S. Haigh #16038 (IO)
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Measuring the Economic Effect of Global Warming on Viticulture Using Auction, Retail, and Wholesale Prices
Orley C. Ashenfelter and Karl Storchmann #16037 (EEE IO CH)
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How Can Behavioral Economics Inform Non-Market Valuation? An Example from the Preference Reversal Literature
Jonathan E. Alevy, John List, and Wiktor Adamowicz #16036 (PE)
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Rare Disasters and Risk Sharing with Heterogeneous Beliefs
Hui Chen, Scott Joslin, and Ngoc-Khanh Tran #16035 (AP)
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Does Trade Cause Capital to Flow? Evidence from Historical Rainfalls
Sebnem Kalemli-Ozcan and Alex Nikolsko-Rzhevskyy #16034 (DAE IFM ITI)
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Evidence on the Determinants of the Choice between Wage Posting and Wage Bargaining
Robert E. Hall and Alan B. Krueger #16033 (EFG)
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The Impact of Competition on Management Quality: Evidence from Public Hospitals
Nicholas Bloom, Carol Propper, Stephan Seiler, and John Van Reenen #16032 (ED EFG HE IO LS PE PR)
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Self-Fulfilling Credit Market Freezes
Lucian A. Bebchuk and Itay Goldstein #16031 (CF EFG LE ME)
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Where Are The Health Care Entrepreneurs? The Failure of Organizational Innovation in Health Care
David M. Cutler #16030 (HC HE IO PR)
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FDI in the Banking Sector
Beatriz de Blas and Katheryn Niles Russ #16029 (ITI)
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Matching with Couples: Stability and Incentives in Large Markets
Fuhito Kojima, Parag A. Pathak, and Alvin E. Roth #16028 (LS)
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The Labor Market in the Great Recession
Michael W. Elsby, Bart Hobijn, and Aysegul Sahin #15979 (EFG LS ME)
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Global shocks, economic growth and financial crises: 120 years of New Zealand experience
Michael D. Bordo, David Hargreaves, and Mizuho Kida #16027 (ME)
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Genetic Interactions with Prenatal Social Environment: Effects on Academic and Behavioral Outcomes
Dalton Conley and Emily Rauscher #16026 (CH, ED, HE)
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How Much is Social Capital Worth?
John F. Helliwell and Christopher P. Barrington-Leigh #16025 (PE, POL)
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Understanding Creativity
David W. Galenson #16024 (AG)
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The Cost of Debt
Jules H. van Binsbergen, John Graham, and Jie Yang #16023 (CF)
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Rationalizing Trading Frequency and Returns
Yosef Bonaparte and Russell Cooper #16022 (EFG)
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Economic Opportunities and Gender Differences in Human Capital: Experimental Evidence for India
Robert T. Jensen #16021 (AG)
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Financial Innovation, the Discovery of Risk, and the U.S. Credit Crisis
Emine Boz and Enrique G. Mendoza #16020 (IFM)
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Human Resource Management and Productivity
Nicholas Bloom and John Van Reenen #16019 (IO, LS, PR)
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Building Social Capital Through MicroFinance
Benjamin Feigenberg, Erica M. Field, and Rohini Pande #16018 (LS, POL)
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Recruiting Effective Math Teachers: How Do Math Immersion Teachers Compare?: Evidence from New York City
Donald Boyd, Pam Grossman, Karen Hammerness, Hamilton Lankford, Susanna Loeb, Mathew Ronfeldt, and James Wyckoff #16017 (ED)
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Program Evaluation and Research Designs
John DiNardo and David S. Lee #16016 (LS, PE)
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Measure for Measure: The relationship between measures of instructional practice in middle school English Language Arts and teachersâ value-added scores
Pam Grossman, Susanna Loeb, Julia Cohen, Karen Hammerness, James Wyckoff, Donald Boyd, and Hamilton Lankford #16015 (ED)
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Characterizing Markets for Biopharmaceutical Innovations: Do Biologics Differ from Small Molecules?
Mark Trusheim, Murray L. Aitken, and Ernst R. Berndt #16014 (HC, PR)
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The Effect of Education on Adult Health and Mortality: Evidence from Britain
Damon Clark and Heather Royer #16013 (ED, HE, LS)
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The Impact of an Individual Health Insurance Mandate On Hospital and Preventive Care: Evidence from Massachusetts
Jonathan T. Kolstad and Amanda E. Kowalski #16012 (AG, HC)
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Medicare Part D and its Effect on the Use of Prescription Drugs, Use of Other Health Care Services and Health of the Elderly
Robert Kaestner and Nasreen Khan #16011 (HC, HE, PE)
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GDP, Technical Change, and the Measurement of Net Income: the Weitzman Model Revisited
Charles R. Hulten and Paul Schreyer #16010 (PR)
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Taxing Guns vs. Taxing Crime: An Application of the âMarket for Offenses Modelâ
Isaac Ehrlich and Tetsuya Saito #16009 (HE, LE, PE)
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Build America Bonds
Andrew Ang, Vineer Bhansali, and Yuhang Xing #16008 (AP, PE)
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Diagnosing Consumer Confusion and Sub-Optimal Shopping Effort: Theory and Mortgage-Market Evidence
Susan E. Woodward and Robert E. Hall #16007 (EFG, IO)
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The Collapse of International Trade During the 2008-2009 Crisis: In Search of the Smoking Gun
Andrei A. Levchenko, Logan T. Lewis, and Linda L. Tesar #16006 (IFM, ITI)
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The Risk Content of Exports: A Portfolio View of International Trade
Julian di Giovanni and Andrei A. Levchenko #16005 (IFM, ITI)
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Under Pressure? The Effect of Peers on Outcomes of Young Adults
Sandra E. Black, Paul J. Devereux, and Kjell G. Salvanes #16004 (CH, ED, LS)
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Econometric Methods for Research in Education
Costas Meghir and Steven G. Rivkin #16003 (CH, ED, LS)
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As Science Evolves, How Can Science Policy?
Benjamin Jones #16002 (ED, EFG, PR)
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Deals versus Rules: Policy Implementation Uncertainty and Why Firms Hate It
Mary Hallward-Driemeier, Gita Khun-Jush, and Lant Pritchett #16001 (LS)
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A Sexually Unbalanced Model of Current Account Imbalances
Qingyuan Du and Shang-Jin Wei #16000 (IFM)
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Credit Default Swaps and the Empty Creditor Problem
Patrick Bolton and Martin Oehmke #15999 (CF)
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The Effect of Housing on Portfolio Choice
Raj Chetty and Adam Szeidl #15998 (AG, AP, EFG, PE)
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Financial Development and City Growth: Evidence from Northeastern American Cities, 1790-1870
Howard Bodenhorn and David Cuberes #15997 (DAE)
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Skills, Exports, and the Wages of Five Million Latin American Workers
Irene Brambilla, Rafael Dix Carneiro, , and Guido Porto #15996 (ITI)
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Exports, Export Destinations, and Skills
Irene Brambilla, Daniel Lederman, and Guido Porto #15995 (ITI)
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Joblessness and Perceptions about the Effectiveness of Democracy
Duha Tore Altindag and Naci H. Mocan #15994 (HE, LE)
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Value versus Growth: Time-Varying Expected Stock Returns
Huseyin Gulen, Yuhang Xing, and Lu Zhang #15993 (AP, CF)
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Asset Liquidity and the Cost of Capital
Hernán Ortiz-Molina and Gordon M. Phillips #15992 (AP, CF)
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Dynamic Text-Based Industry Classifications and Endogenous Product Differentiation
Gordon M. Phillips and Gerard Hoberg #15991 (CF, IO)
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Match Quality, Worker Productivity, and Worker Mobility: Direct Evidence From Teachers
C. Kirabo Jackson #15990 (CH, ED, LS, PE)
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Valuing Incremental Highway Capacity in a Network
H. Allen Klaiber and V. Kerry Smith #15989 (EEE)
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The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium
Jack Favilukis, Sydney C. Ludvigson, and Stijn Van Nieuwerburgh #15988 (AP, EFG, ME)
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Risk and the CEO Market: Why Do Some Large Firms Hire Highly-Paid, Low-Talent CEOs?
Alex Edmans and Xavier Gabaix #15987 (CF, LS)
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Optimal Interest-Rate Rules in a Forward-Looking Model, and Inflation Stabilization versus Price-Level Stabilization
Marc P. Giannoni #15986 (EFG, ME)
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The Contribution of Trade to Wage Inequality: The Role of Skill, Gender, and Nationality
Michael W. Klein, Christoph Moser, and Dieter M. Urban #15985 (IFM, ITI)
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Fertility and the Personal Exemption: Comment
Richard Crump, Gopi Shah Goda, and Kevin Mumford #15984 (CH, PE)
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Worker replacement
Guido Menzio and Espen R. Moen #15983 (EFG)
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Social Welfare Expenditures in the United States and the Nordic Countries: 1900-2003
Price V. Fishback #15982 (DAE)
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Commercial Imperialism? Political Influence and Trade During the Cold War
Daniel Berger, William Easterly, Nathan Nunn, and Shanker Satyanath #15981 (DAE, EFG, ITI, POL)
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Targeting the Poor: Evidence from a Field Experiment in Indonesia
Vivi Alatas, Abhijit Banerjee, Rema Hanna, Benjamin A. Olken, and Julia Tobias #15980 (PE, POL)
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Why Has Californias Residential Electricity Consumption Been So Flat since the 1980s?: A Microeconometric Approach
Dora L. Costa and Matthew E. Kahn #15978 (EEE)
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Personnel Economics: Hiring and Incentives
Paul Oyer and Scott Schaefer #15977 (LS)
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Back on the Rails: Competition and Productivity in State-owned Industry
Sanghamitra Das, Kala Krishna, Sergey Lychagin, and Rohini Somanathan #15976 (ITI)
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Persuasion and empathy in salesperson-customer interactions
Julio J. Rotemberg #15975 (IO)
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Global Banks and International Shock Transmission: Evidence from the Crisis
Nicola Cetorelli and Linda S. Goldberg #15974 (EFG, IFM)
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The Shape of Temptation: Implications for the Economic Lives of the Poor
Abhijit Banerjee and Sendhil Mullainathan #15973 (EFG)
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Charity and Favoritism in the Field: Are Female Economists Nicer (to Each Other)?
Jason Abrevaya and Daniel S. Hamermesh #15972 (LS)
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The Housing Cycle and Prospects for Technical Progress
Casey B. Mulligan #15971 (EFG, PE)
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Interracial Friendships in College
Braz Camargo, Ralph Stinebrickner, and Todd R. Stinebrickner #15970 (ED, LS)
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The Impact of Direct-to-Consumer Advertising on Pharmaceutical Prices and Demand
Dhaval Dave and Henry Saffer #15969 (HC, HE, LE)
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Did Bankruptcy Reform Cause Mortgage Default to Rise?
Wenli Li, Michelle J. White, and Ning Zhu #15968 (LE)
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On the Formation of Coalitions to Provide Public Goods - Experimental Evidence from the Lab
Astrid Dannenberg, Andreas Lange, and Bodo Sturm #15967 (EEE, PE)
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The Role of Teacher Quality in Retention and Hiring: Using Applications-to-Transfer to Uncover Preferences of Teachers and Schools
Donald Boyd, Hamilton Lankford, Susanna Loeb, Matthew Ronfeldt, and James Wyckoff #15966 (ED, LS, PE)
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A Cluster-Grid Projection Method: Solving Problems with High Dimensionality
Kenneth L. Judd, Lilia Maliar, and Serguei Maliar #15965 (EFG, TWP)
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Pop Internationalism: Has A Half Century of World Music Trade Displaced Local Culture?
Fernando Ferreira and Joel Waldfogel #15964 (IO, ITI, LE)
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Inertia and Overwithholding: Explaining the Prevalence of Income Tax Refunds
Damon Jones #15963 (PE)
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Disability Risk, Disability Insurance and Life Cycle Behavior
Hamish Low and Luigi Pistaferri #15962 (EFG, LS, PE)
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The Online Laboratory: Conducting Experiments in a Real Labor Market
John J. Horton, David G. Rand, and Richard J. Zeckhauser #15961 (LE, LS)
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Borders, Ethnicity and Trade
Jenny C. Aker, Michael W. Klein, Stephen A. O'Connell, and Muzhe Yang #15960 (IFM)
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Market Structure and Innovation: A Dynamic Analysis of the Global Automobile Industry
Aamir Rafique Hashmi and Johannes Van Biesebroeck #15959 (IO, PR)
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Competing Engines of Growth: Innovation and Standardization
Daron Acemoglu, Gino Gancia, and Fabrizio Zilibotti #15958 (EFG, ITI, POL)
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An Alternative Theory of the Plant Size Distribution with an Application to Trade
Thomas J. Holmes and John J. Stevens #15957 (ITI, PR)
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An Autopsy of the U.S. Financial System
Ross Levine #15956 (CF, IFM, PE)
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A Dynamic Model of Housing Demand: Estimation and Policy Implications
Patrick Bajari, Phoebe Chan, Dirk Krueger, and Daniel Miller #15955 (EFG, IO, PE)
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The Falling Time Cost of College: Evidence from Half a Century of Time Use Data
Philip S. Babcock and Mindy Marks #15954 (ED)
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Binge Drinking and Risky Sex among College Students
Jeffrey S. DeSimone #15953 (HE)
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Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts
Ulf Axelson, Tim Jenkinson, Per Strömberg, and Michael S. Weisbach #15952 (CF)
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Measurement Errors in Investment Equations
Heitor Almeida, Murillo Campello, and Antonio F. Galvao Jr. #15951 (CF)
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Do anomalies exist ex ante?
Jin Ginger Wu and Lu Zhang #15950 (AP, CF)
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The Economics of International Differences in Educational Achievement
Eric A. Hanushek and Ludger Woessmann #15949 (CH, ED, EFG, LS, PE)
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Characteristic Timing
Robin Greenwood and Samuel Hanson #15948 (AP, CF)
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Local Labor Markets
Enrico Moretti #15947 (LS)
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The Political Economy of Intergenerational Income Mobility
Andrea Ichino, Loukas Karabarbounis, and Enrico Moretti #15946 (CH, LS)
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Short Criminals: Stature and Crime in Early America
Howard Bodenhorn, Carolyn Moehling, and Gregory N. Price #15945 (DAE, LS)
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Theory, General Equilibrium and Political Economy in Development Economics
Daron Acemoglu #15944 (DAE, POL)
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Breadth vs. Depth: The Timing of Specialization in Higher Education
Ofer Malamud #15943 (ED, LS)
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Who Pays Cigarette Taxes? The Impact of Consumer Price Search
Philip DeCicca, Donald S. Kenkel, and Feng Liu #15942 (HE)
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Excise Tax Avoidance: The Case of State Cigarette Taxes
Philip DeCicca, Donald S. Kenkel, and Feng Liu #15941 (HE)
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The Other Side of Value: Good Growth and the Gross Profitability Premium
Robert Novy-Marx #15940 (AP)
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Energy Conservation "Nudges" and Environmentalist Ideology: Evidence from a Randomized Residential Electricity Field Experiment
Dora L. Costa and Matthew E. Kahn #15939 (EEE)
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On the Sources of Aggregate Fluctuations in Emerging Economies
Roberto Chang and Andrés Fernández #15938 (IFM)
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Locked Up by a Lockup: Valuing Liquidity as a Real Option
Andrew Ang and Nicolas P.B. Bollen #15937 (AP)
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Foreign Ownership and Employment Growth in Indonesian Manufacturing
Robert E. Lipsey, Fredrik Sjöholm, and Jing Sun #15936 (IFM, ITI, PR)
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Can Pollution Tax Rebates Protect Low-Income Families? The Effects of Relative Wage Rates
Don Fullerton and Holly Monti #15935 (EEE, PE)
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Fiscal Rules in India: Are They Effective?
Willem H. Buiter and Urjit R. Patel #15934 (IFM, ME)
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Client-Based Entrepreneurship
James E. Rauch and Joel Watson #15933 (LE)
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Does Reducing College Costs Improve Educational Outcomes for Undocumented Immigrants? Evidence from State Laws Permitting Undocumented Immigrants to Pay In-state Tuition at State Colleges and Universities
Aimee Chin and Chinhui Juhn #15932 (CH, ED)
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Unemployment Fiscal Multipliers
Tommaso Monacelli, Roberto Perotti, and Antonella Trigari #15931 (EFG)
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Innovators: Filmmakers
David W. Galenson #15930 (AG)
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Reading the Recent Monetary History of the U.S., 1959-2007
Jesús Fernández-Villaverde, Pablo A. Guerrón-Quintana, and Juan Rubio-Ramírez #15929 (EFG)
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Fortune or Virtue: Time-Variant Volatilities Versus Parameter Drifting in U.S. Data
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana, and Juan F. Rubio-Ramírez #15928 (EFG)
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Excessive Volatility in Capital Flows: A Pigouvian Taxation Approach
Olivier Jeanne and Anton Korinek #15927 (IFM)
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Expansion of Trade at the Extensive Margin: A General Gains-from-Trade Result and Illustrative Examples
James R. Markusen #15926 (ITI)
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Religious Identity and Economic Behavior
Daniel J. Benjamin, James J. Choi, and Geoffrey W. Fisher #15925 (AP, LS, POL)
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Credit within the firm
Luigi Pistaferri, Luigi Guiso, and Fabiano Schivardi #15924 (LS)
-
Explaining the Favorite-Longshot Bias: Is it Risk-Love or Misperceptions?
Erik Snowberg and Justin Wolfers #15923 (AP, EFG, IO)
-
Do Call Centers Promote School Enrollment? Evidence from India
Emily Oster and M. Bryce Millett #15922 (CH, ED, LS)
-
Identifying Supply and Demand Elasticities of Agricultural Commodities: Implications for the US Ethanol Mandate
Michael J. Roberts and Wolfram Schlenker #15921 (EEE)
-
Crises and Recoveries in an Empirical Model of Consumption Disasters
Emi Nakamura, Jón Steinsson, Robert Barro, and José Ursúa #15920 (AP, EFG, ME)
-
Balance Sheet Adjustments in the 2008 Crisis
Zhiguo He, In Gu Khang, and Arvind Krishnamurthy #15919 (AP, CF, ME)
-
Leadership: A Personnel Economics Approach
Edward P. Lazear #15918 (IO, LS, PR)
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Learning and the Disappearing Association Between Governance and Returns
Lucian A. Bebchuk, Alma Cohen, and Charles C.Y. Wang #15912 (AP, CF, LE)
-
The dark side of outside directors: Do they quit when they are most needed?
Rüdiger Fahlenbrach, Angie Low, and René M. Stulz #15917 (CF)
-
Ideological Segregation Online and Offline
Matthew Gentzkow and Jesse M. Shapiro #15916 (IO, POL)
-
Household Location and Schools in Metropolitan Areas with Heterogeneous Suburbs; Tiebout, Alonso, and Government Policy
Eric A. Hanushek and Kuzey Yilmaz #15915 (CH, ED, PE)
-
Earnings, Consumption and Lifecycle Choices
Costas Meghir and Luigi Pistaferri #15914 (EFG, LS)
-
Lab Labor: What Can Labor Economists Learn from the Lab?
Gary Charness and Peter J. Kuhn #15913 (LS)
-
Trust and Well-being
John F. Helliwell and Shun Wang #15911 (HC, PE, POL)
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Agency Costs, Mispricing, and Ownership Structure
Sergey Chernenko, C. Fritz Foley, and Robin Greenwood #15910 (CF)
-
Tapping the Supercomputer Under Your Desk: Solving Dynamic Equilibrium Models with Graphics Processors
Eric M. Aldrich, Jesús Fernández-Villaverde, A. Ronald Gallant, and Juan F. Rubio-RamÃrez #15909 (EFG)
-
Simple and Robust Rules for Monetary Policy
John B. Taylor and John C. Williams #15908 (EFG, ME)
-
Decoupling and Recoupling
Anton Korinek, Agustín Roitman, and Carlos A. Végh #15907 (IFM)
-
A Corporate Beauty Contest
John R. Graham, Campbell R. Harvey, and Manju Puri #15906 (CF, LS)
-
Nurturing the Accumulation of Innovations: Lessons from the Internet
Shane Greenstein #15905 (IO, PR)
-
Getting Cars Off the Road: The Cost-Effectiveness of an Episodic Pollution Control Program
Maureen L. Cropper, Yi Jiang, Anna Alberini, and Patrick Baur #15904 (EEE)
-
Putting Per-Capita Income Back into Trade Theory
James R. Markusen #15903 (ITI)
-
A New Data Set of Educational Attainment in the World, 1950â2010
Robert J. Barro and Jong-Wha Lee #15902 (EFG, ME, PE)
-
Search in Macroeconomic Models of the Labor Market
Richard Rogerson and Robert Shimer #15901 (EFG)
-
Deep Financial Integration and Volatility
Sebnem Kalemli-Ozcan, Bent Sørensen, and Vadym Volosovych #15900 (CF, IFM, ITI, PR)
-
Optimal Emission Pricing in the Presence of International Spillovers: Decomposing Leakage and Terms-of-Trade Motives
Christoph Böhringer, Andreas Lange, and Thomas F. Rutherford #15899 (EEE)
-
Financial Incentives and Student Achievement: Evidence from Randomized Trials
Roland G. Fryer, Jr #15898 (ED, LS)
-
The Marginal Products of Residential and Non-Residential Capital Through 2009
Casey B. Mulligan and Luke Threinen #15897 (EFG, PE, PR)
-
Household Leverage and the Recession of 2007 to 2009
Atif R. Mian and Amir Sufi #15896 (CF, EFG, IFM, ME)
-
The Effect of State Workers' Compensation Program Changes on the Use of Federal Social Security Disability Insurance
Melissa P. McInerney and Kosali I. Simon #15895 (HC, HE)
-
Education Policy and Crime
Lance Lochner #15894 (CH, ED, LS, PE)
-
Quantifying the Impact of Financial Development on Economic Development
Jeremy Greenwood, Juan M. Sanchez, and Cheng Wang #15893 (EFG)
-
Increasing Time to Baccalaureate Degree in the United States
John Bound, Michael F. Lovenheim, and Sarah Turner #15892 (ED, LS)
-
Understanding the mechanisms of economic development
Angus S. Deaton #15891 (EFG)
-
The Term Structure of Interest Rates in a DSGE Model with Recursive Preferences
Jules van Binsbergen, Jesús Fernández-Villaverde, Ralph S.J. Koijen, and Juan F. Rubio-Ramírez #15890 (EFG)
-
Recent Developments in Intergenerational Mobility
Sandra E. Black and Paul J. Devereux #15889 (CH, ED, LS)
-
Pass-Through of Oil Prices to Japanese Domestic Prices
Etsuro Shioji and Taisuke Uchino #15888 (EFG, IFM)
-
Measuring and Understanding Subjective Well-Being
John F. Helliwell and Christopher P. Barrington-Leigh #15887 (PE, POL)
-
Female Employment and Fertility in Rural China
Hai Fang, Karen N. Eggleston, John A. Rizzo, and Richard J. Zeckhauser #15886 (LS)
-
Do Americans Consume Too Little Natural Gas? An Empirical Test of Marginal Cost Pricing
Lucas W. Davis and Erich Muehlegger #15885 (EEE, IO, PE)
-
The Shanxi Banks
Randall Morck and Fan Yang #15884 (CF)
-
Beauty Contests and Irrational Exuberance: A Neoclassical Approach
George-Marios Angeletos, Guido Lorenzoni, and Alessandro Pavan #15883 (AP, EFG)
-
Trade-in-goods and trade-in-tasks: An Integrating Framework
Richard Baldwin and Frédéric Robert-Nicoud #15882 (ITI)
-
Intra-firm Trade and Product Contractibility (Long Version)
Andrew B. Bernard, J. Bradford Jensen, Stephen J. Redding, and Peter K. Schott #15881 (ITI)
-
Has medical innovation reduced cancer mortality?
Frank R. Lichtenberg #15880 (HC, HE, PR)
-
How Has the Monetary Transmission Mechanism Evolved Over Time?
Jean Boivin, Michael T. Kiley, and Frederic S. Mishkin #15879 (EFG, ME)
-
Why Should Inventories Rise When Demand Falls in Housing and Other Markets?
Edward P. Lazear #15878 (EFG, IO, PR)
-
Public Safety through Private Action: An economic assessment of BIDs, locks, and citizen cooperation
Philip J. Cook and John MacDonald #15877 (LE)
-
Surfing the Waves of Globalization: Asia and Financial Globalization in the Context of the Trilemma
Joshua Aizenman, Menzie D. Chinn, and Hiro Ito #15876 (IFM)
-
Diet, Health and Work Intensity in England and Wales, 1700-1914
Bernard Harris, Roderick Floud, Robert W. Fogel, and Sok Chul Hong #15875 (PR)
-
Improving Employment Prospects for Former Prison Inmates: Challenges and Policy
Steven Raphael #15874 (LE)
-
The Effect of Daughters on Partisanship
Dalton Conley and Emily Rauscher #15873 (CH, PE)
-
One for the Road: Public Transportation, Alcohol Consumption, and Intoxicated Driving
C. Kirabo Jackson and Emily Greene Owens #15872 (HE, PE)
-
Monetary Policy and Unemployment
Jordi Galí #15871 (EFG, ME)
-
Economic Growth with Bubbles
Alberto Martin and Jaume Ventura #15870 (EFG)
-
Recruiting for Ideas: How Firms Exploit the Prior Inventions of New Hires
Jasjit Singh and Ajay K. Agrawal #15869 (PR)
-
The Harrod-Balassa-Samuelson Hypothesis: Real Exchange Rates and their Long-Run Equilibrium
Yanping Chong, Òscar Jordà, and Alan M. Taylor #15868 (IFM)
-
Sample Selectivity and the Validity of International Student Achievement Tests in Economic Research
Eric A. Hanushek and Ludger Woessmann #15867 (ED, EFG, LS, PE)
-
Investor Overconfidence and the Forward Premium Puzzle
Craig Burnside, Bing Han, David Hirshleifer, and Tracy Yue Wang #15866 (AP, EFG, IFM)
-
Interest Groups, Information Manipulation in the Media, and Public Policy: The Case of the Landless Peasants Movement in Brazil
Lee J. Alston, Gary D. Libecap, and Bernardo Mueller #15865 (DAE, EEE, LE, POL)
-
Estimation of a Dynamic Model of Weight
Shu Wen Ng, Edward C. Norton, David K. Guilkey, and Barry M. Popkin #15864 (HC, HE)
-
Agriculture, Roads, and Economic Development in Uganda
Douglas Gollin and Richard Rogerson #15863 (PE, PR)
-
The Trend of Mean BMI Values of US Adults, Birth Cohorts 1882-1986 Indicates that the Obesity Epidemic Began Earlier than Hitherto Thought
John Komlos and Marek Brabec #15862 (HE)
-
Why I Lost My Secretary: The Effect of Endowment Shocks on University Operations
Jeffrey Brown, Stephen G. Dimmock, Jun-Koo Kang, and Scott Weisbenner #15861 (AP, CF, ED, PE)
-
Theories of Statistical Discrimination and Affirmative Action: A Survey
Hanming Fang and Andrea Moro #15860 (LS, PE)
-
Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios
Laurent E. Calvet and Paolo Sodini #15859 (AP, EFG)
-
Mental Health Treatment and Criminal Justice Outcomes
Richard Frank and Thomas G. McGuire #15858 (HE)
-
Using Innovations Surveys for Econometric Analysis
Jacques Mairesse and Pierre Mohnen #15857 (PR)
-
The Politics of Monetary Policy
Alberto F. Alesina and Andrea Stella #15856 (POL)
-
The Natural Resource Curse: A Survey
Jeffrey A. Frankel #15836 (EEE, IFM)
-
Leverage and Asset Bubbles: Averting Armageddon with Chapter 11?
Marcus Miller and Joseph E. Stiglitz #15817 (ME)
-
Do Strikes Kill? Evidence from New York State
Jonathan Gruber and Samuel A. Kleiner #15855 ( AG HC HE LS PE)
-
The Effect of Allowance Allocations on Cap-and-Trade System Performance
Robert W. Hahn and Robert N. Stavins #15854 (EEE)
-
Why Do Women Leave Science and Engineering?
Jennifer Hunt #15853 (LS)
-
Optimal price setting with observation and menu costs
Fernando E. Alvarez, Francesco Lippi, and Luigi Paciello #15852 (EFG, ME)
-
Harmonizing and Combining Large Datasets – An Application to Firm-Level Patent and Accounting Data
Grid Thoma, Salvatore Torrisi, Alfonso Gambardella, Dominique Guellec, Bronwyn H. Hall, and Dietmar Harhoff #15851 (PR)
-
Modeling Financial Contagion Using Mutually Exciting Jump Processes
Yacine Aït-Sahalia, Julio Cacho-Diaz, and Roger J.A. Laeven #15850 (AP)
-
Public-Place Smoking Laws and Exposure to Environmental Tobacco Smoke (ETS) in Public Places
Christopher Carpenter, Sabina Postolek, and Casey Warman #15849 (HE)
-
Corporate Bond Default Risk: A 150-Year Perspective
Kay Giesecke, Francis A. Longstaff, Stephen Schaefer, and Ilya Strebulaev #15848 (AP)
-
Tax buyouts
Marco Del Negro, Fabrizio Perri, and Fabiano Schivardi #15847 (EFG, PE)
-
Spreading the Wealth Around: Reflections Inspired by Joe the Plumber
N. Gregory Mankiw #15846 (PE)
-
Civic Capital as the Missing Link
Luigi Guiso, Paola Sapienza, and Luigi Zingales #15845 (EEE, POL)
-
Valuing ecosystem services in general equilibrium
Jared C. Carbone and V. Kerry Smith #15844 (EEE)
-
The economic crisis and medical care usage
Annamaria Lusardi, Daniel J. Schneider, and Peter Tufano #15843 (AG)
-
Globalization, Pass-Through and Inflation Dynamic
Pierpaolo Benigno and Ester Faia #15842 (IFM, ME)
-
The Effect of Malpractice Liability on the Specialty of Obstetrics and Gynecology
Jessica Wolpaw Reyes #15841 (HC, LE)
-
Education, Knowledge and the Evolution of Disparities in Health
Anna Aizer and Laura Stroud #15840 (CH, HE)
-
Do Powerful Politicians Cause Corporate Downsizing?
Lauren Cohen, Joshua D. Coval, and Christopher Malloy #15839 (AP, CF, PE, POL, PR)
-
Late Bloomers in the Arts and Sciences: Answers and Questions
David Galenson #15838 (AG)
-
Leverage, Moral Hazard and Liquidity
Viral V. Acharya and S. Viswanathan #15837 (AP, CF)