New This Week Archive

NBER Working Papers released in the past, by week.

Weekly papers released by June 30, 2014

• Mutual Assistance between Federal Reserve Banks, 1913-1960 as Prolegomena to the TARGET2 Debate
  Barry Eichengreen, Arnaud J. Mehl, Livia Chiţ›u, and Gary Richardson #20267 (DAE IFM)
  
• Public Goods Provision in the Presence of Heterogeneous Green Preferences
  Mark Jacobsen, Jacob LaRiviere, and Michael Price #20266 (EEE)
  
• The Liquidity Premium of Near-Money Assets
  Stefan Nagel #20265 (AP ME)
  
• The Acquisition and Commercialization of Invention in American Manufacturing: Incidence and Impact
  Ashish Arora, Wesley M. Cohen, and John P. Walsh #20264 (PR)
  
• A Comparison of Programming Languages in Economics
  S. BorağŸan Aruoba and Jesús Fernández-Villaverde #20263 (EFG)
  
• Channeling Remittances to Education: A Field Experiment Among Migrants from El Salvador
  Kate Ambler, Diego Aycinena, and Dean Yang #20262 (DEV ED)
  
• The Runner-Up Effect
  Santosh Anagol and Thomas Fujiwara #20261 (DEV POL)
  
• The "€œBusiness Climate"€ and Economic Inequality
  David Neumark and Jennifer Muz #20260 (EFG LS PE)
  
• Social Networks as Contract Enforcement: Evidence from a Lab Experiment in the Field
  Arun G. Chandrasekhar, Cynthia Kinnan, and Horacio Larreguy #20259 (DEV POL)
  
• Beyond Zeroes and Ones: The Intensity and Dynamics of Civil Conflict
  Stephen Chaudoin, Zachary Peskowitz, and Christopher Stanton #20258 (DEV POL)
  
• Extremal Quantile Regressions for Selection Models and the Black-White Wage Gap
  Xavier D'Haultfoeuille, Arnaud Maurel, and Yichong Zhang #20257 (LS TWP)
  
• Breaking the Glass Ceiling? The Effect of Board Quotas on Female Labor Market Outcomes in Norway
  Marianne Bertrand, Sandra E. Black, Sissel Jensen, and Adriana Lleras-Muney #20256 (LS)
  
• Banks as Secret Keepers
  Tri Vi Dang, Gary Gorton, Bengt Holmström, and Guillermo Ordonez #20255 (CF EFG ME)
  
• The Agglomeration of Bankruptcy
  Efraim Benmelech, Nittai Bergman, Anna Milanez, and Vladimir Mukharlyamov #20254 (AP CF EFG IO LE PE)
  
• Guns and Votes
  Laurent Bouton, Paola Conconi, Francisco Pino, and Maurizio Zanardi #20253 (POL)
  
• Globalisation, Pass-through and the Optimal Policy Response to Exchange Rates
  Michael B. Devereux and James Yetman #20252 (IFM)
  
• The Real Exchange Rate in the Long Run: Balassa-Samuelson Effects Reconsidered
  Michael D. Bordo, Ehsan U. Choudhri, Giorgio Fazio, and Ronald MacDonald #20228 (DAE IFM)
  

Weekly papers released by June 23, 2014

• Free to Leave? A Welfare Analysis of Divorce Regimes
  Raquel Fernández and Joyce Cheng Wong #20251 (EFG   POL)
  
• Life Cycle Earnings, Education Premiums and Internal Rates of Return
  Manudeep Bhuller, Magne Mogstad, and Kjell G. Salvanes #20250 (ED   LS)
  
• Defacto and Deeded Intellectual Property: Knowledge-Driven Co-Evolution of Firm Collaboration Boundaries and IPR Strategy
  Lynne G. Zucker and Michael R. Darby #20249 (PR)
  
• Productivity and Potential Output Before, During, and After the Great Recession
  John Fernald #20248 (PR)
  
• Geographic Barriers to Commodity Price Integration: Evidence from US Cities and Swedish Towns, 1732–1860
  Mario J. Crucini and Gregor W. Smith #20247 (DAE   IFM   ITI)
  
• Investor Sophistication and Capital Income Inequality
  Marcin Kacperczyk, Jaromir B. Nosal, and Luminita Stevens #20246 (AP   EFG   IFM)
  
• Measuring the Risk-Return Tradeoff with Time-Varying Conditional Covariances
  Esben Hedegaard and Robert J. Hodrick #20245 (AP)
  
• Trying to Understand the PPPs in ICP2011: Why are the Results so Different?
  Angus Deaton and Bettina Aten #20244 (DEV   EFG   IFM)
  
• Punishment and Deterrence: Evidence from Drunk Driving
  Benjamin Hansen #20243 (HE   LE   PE)
  
• The Eurocrisis: Muddling Through, or On the Way to a More Perfect Euro Union?
  Joshua Aizenman #20242 (IFM)
  
• The Revolving Door and Worker Flows in Banking Regulation
  David Lucca, Amit Seru, and Francesco Trebbi #20241 (CF   POL)
  
• Behavioral Indifference Curves
  John Komlos #20240 (TWP)
  
• Saving More to Borrow Less: Experimental Evidence from Access to Formal Savings Accounts in Chile
  Felipe Kast and Dina Pomeranz #20239 (DEV   PE)
  
• Escaping the Great Recession
  Francesco Bianchi and Leonardo Melosi #20238 (ME)
  
• Optimal Taylor Rules in New Keynesian Models
  Christoph E. Boehm and Christopher L. House #20237 (EFG   ME)
  
• Global Value Chains and Effective Exchange Rates at the Country-Sector Level
  Nikhil Patel, Zhi Wang, and Shang-Jin Wei #20236 (IFM   ITI)
  
• Transportation Costs and the Spatial Organization of Economic Activity
  Stephen J. Redding and Matthew A. Turner #20235 (ITI)
  
• Ode to the sea: Workplace Organizations and Norms of Cooperation
  Uri Gneezy, Andreas Leibbrandt, and John A. List #20234 (EEE   LS)
  
• Marital Disruption and Health Insurance
  H. Elizabeth Peters, Kosali Simon, and Jamie Rubenstein Taber #20233 (HC   HE)
  
• Making the Most of Capital in the 21st Century
  Peter H. Lindert #20232 (DAE)
  
• Revisiting American Exceptionalism: Democracy and the Regulation of Corporate Governance in Nineteenth-Century Pennsylvania
  Naomi R. Lamoreaux #20231 (DAE)
  
• Effects of Unconventional Monetary Policy on Financial Institutions
  Gabriel Chodorow-Reich #20230 (ME)
  
• Visual Tools and Narratives: New Ways to Improve Financial Literacy
  Annamaria Lusardi, Anya Savikhin Samek, Arie Kapteyn, Lewis Glinert, Angela Hung, and Aileen Heinberg #20229 (AG)
  
• Health, Disability Insurance and Retirement in Denmark
  Paul Bingley, Nabanita Datta Gupta, Michael Jorgensen, and Peder Pedersen #20114 (AG)
  

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Weekly papers released by June 16, 2014

• The Choice of the Personal Income Tax Base
  Roger H. Gordon and Wojciech Kopczuk #20227 (PE)
  
• Paying on the Margin for Medical Care: Evidence from Breast Cancer Treatments
  Liran Einav, Amy Finkelstein, and Heidi Williams #20226 (AG   HC   HE   IO   LE   PE   PR)
  
• The Price Impact of Joining a Currency Union: Evidence from Latvia
  Alberto Cavallo, Brent Neiman, and Roberto Rigobon #20225 (IFM   ITI   ME)
  
• Monetary Policy Surprises, Credit Costs and Economic Activity
  Mark Gertler and Peter Karadi #20224 (AP   EFG   ME)
  
• "Sticker Shock" in Individual Insurance under Health Reform
  Mark Pauly, Scott Harrington, and Adam Leive #20223 (HC   HE)
  
• Will Divestment from Employment-Based Health Insurance Save Employers Money? The Case of State and Local Governments
  Jeremy D. Goldhaber-Fiebert, David M. Studdert, Monica S. Farid, and Jay Bhattacharya #20222 (AG   HC   HE   PE)
  
• Flaking Out: Student Absences and Snow Days as Disruptions of Instructional Time
  Joshua Goodman #20221 (ED)
  
• Capital Controls and Recovery from the Financial Crisis of the 1930s
  Kris James Mitchener and Kirsten Wandschneider #20220 (DAE   IFM)
  
• Human Capital and Industrialization: Evidence from the Age of Enlightenment
  Mara P. Squicciarini and Nico Voigtländer #20219 (DAE   EFG)
  
• Seasonal Credit Constraints and Agricultural Labor Supply: Evidence from Zambia
  Günther Fink, B. Kelsey Jack, and Felix Masiye #20218 (DEV   LS)
  
• External Integration, Structural Transformation and Economic Development: Evidence from Argentina 1870-1914
  Pablo Fajgelbaum and Stephen J. Redding #20217 (ITI)
  
• The Dictator's Inner Circle
  Patrick Francois, Ilia Rainer, and Francesco Trebbi #20216 (DEV   POL)
  
• Averting Catastrophes: The Strange Economics of Scylla and Charybdis
  Ian W.R. Martin and Robert S. Pindyck #20215 (EEE   EFG   IO   PE   PR)
  
• Parenting with Style: Altruism and Paternalism in Intergenerational Preference Transmission
  Matthias Doepke and Fabrizio Zilibotti #20214 (CH   DEV   EFG)
  
• Pharmaceutical Profits and the Social Value of Innovation
  David Dranove, Craig Garthwaite, and Manuel Hermosilla #20212 (HC   HE   IO   PE)
  
• Intensive Math Instruction and Educational Attainment: Long-Run Impacts of Double-Dose Algebra
  Kalena Cortes, Joshua Goodman, and Takako Nomi #20211 (ED   LS)
  
• External Equity Financing Shocks, Financial Flows, and Asset Prices
  Frederico Belo, Xiaoji Lin, and Fan Yang #20210 (AP)
  
• Misspecified Recovery
  Jaroslav Borovička, Lars P. Hansen, and José A. Scheinkman #20209 (AP)
  
• Premium Transparency in the Medicare Advantage Market: Implications for Premiums, Benefits, and Efficiency
  Karen Stockley, Thomas McGuire, Christopher Afendulis, and Michael E. Chernew #20208 (HE)
  
• Banks Are Where The Liquidity Is
  Oliver Hart and Luigi Zingales #20207 (CF   ME)
  
• Heterogeneity in the Value of Life
  Joseph E. Aldy and Seamus J. Smyth #20206 (EEE)
  
• Income Inequality, Social Mobility, and the Decision to Drop Out of High School
  Melissa S. Kearney and Phillip B. Levine #20195 (CH   LS)
  

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Weekly papers released by June 9, 2014

• Informality and Development
  Rafael La Porta and Andrei Shleifer #20205 (DEV   EFG)
  
• International Environmental Agreements among Heterogeneous Countries with Social Preferences
  Charles D. Kolstad #20204 (EEE   PE)
  
• Five Steps to Planning Success. Experimental Evidence from U.S. Households
  Aileen Heinberg, Angela A. Hung, Arie Kapteyn, Annamaria Lusardi, Anya Savikhin Samek, and Joanne Yoong #20203 (AG)
  
• Access to Health Insurance and the Use of Inpatient Medical Care: Evidence from the Affordable Care Act Young Adult Mandate
  Yaa Akosa Antwi, Asako S. Moriya, and Kosali Simon #20202 (HC   HE)
  
• Women's Income and Marriage Markets in the United States: Evidence from the Civil War Pension
  Laura Salisbury #20201 (DAE   LS)
  
• Saving Europe?: The Unpleasant Arithmetic of Fiscal Austerity in Integrated Economies
  Enrique G. Mendoza, Linda L. Tesar, and Jing Zhang #20200 (IFM)
  
• Testing Asset Pricing Theory on Six Hundred Years of Stock Returns: Prices and Dividends for the Bazacle Company from 1372 to 1946
  David le Bris, William N. Goetzmann, and Sébastien Pouget #20199 (AP)
  
• American Banking and the Transportation Revolution Before the Civil War
  Jeremy Atack, Matthew S. Jaremski, and Peter L. Rousseau #20198 (DAE)
  
• Market Outcomes and Dynamic Patent Buyouts
  Alberto Galasso, Matthew Mitchell, and Gabor Virag #20197 (PR)
  
• Impact of Premium Subsidies on the Take-up of Health Insurance: Evidence from the 2009 American Recovery and Reinvestment Act (ARRA)
  Asako S. Moriya and Kosali Simon #20196 (HC   HE)
  
• Monetary/Fiscal Policy Mix and Agents' Beliefs
  Francesco Bianchi and Cosmin Ilut #20194 (EFG   ME)
  
• Information Aggregation in a DSGE Model
  Tarek A. Hassan and Thomas M. Mertens #20193 (AP   CF   ME   TWP)
  
• A General Rationale for a Governmental Role in the Relief of Large Risks
  Steven Shavell #20192 (LE   PE)
  
• Intrahousehold Inequality
  Pierre-André Chiappori and Costas Meghir #20191 (CH   LS   PE)
  
• Model Disagreement and Economic Outlook
  Daniel Andrei, Bruce Carlin, and Michael Hasler #20190 (AP)
  
• An African Growth Miracle?
  Dani Rodrik #20188 (DEV   IFM   ITI   PR)
  
• On the Fundamental Relation Between Equity Returns and Interest Rates
  Jaewon Choi, Matthew P. Richardson, and Robert F. Whitelaw #20187 (AP)
  
• Estimating the Impact of Microcredit on Those Who Take It Up: Evidence from a Randomized Experiment in Morocco
  Bruno Crépon, Florencia Devoto, Esther Duflo, and William Pariente #20144 (DEV)
  

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Weekly papers released by June 2, 2014

• The Value of Transmission in Electricity Markets: Evidence from a Nuclear Power Plant Closure
  Lucas Davis and Catherine Hausman #20186 (EEE   IO)
  
• Long-Term Damage from the Great Recession in OECD Countries
  Laurence M. Ball #20185 (EFG   ME)
  
• Grading on a Curve, and other Effects of Group Size on All-Pay Auctions
  James Andreoni and Andy Brownback #20184 (PE)
  
• Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis
  Robert E. Hall #20183 (EFG)
  
• Social Distance and Quality Ratings in Charity Choice
  Alexander L. Brown, Jonathan Meer, and J. Forrest Williams #20182 (PE)
  
• Dominated Choices and Medicare Advantage Enrollment
  Christopher Afendulis, Anna Sinaiko, and Richard Frank #20181 (AG   HC)
  
• A Field Experiment on Directed Giving at a Public University
  Catherine C. Eckel, David Herberich, and Jonathan Meer #20180 (PE)
  
• Defense Government Spending Is Contractionary, Civilian Government Spending Is Expansionary
  Roberto Perotti #20179 (EFG   PE)
  
• The Effect of Child Health Insurance Access on Schooling: Evidence from Public Insurance Expansions
  Sarah Cohodes, Samuel Kleiner, Michael F. Lovenheim, and Daniel Grossman #20178 (CH   ED   HC   PE)
  
• Food for Thought: Comparing Estimates of Food Availability in England and Wales, 1700-1914
  Bernard Harris, Roderick Floud, and Sok Chul Hong #20177 (DAE)
  
• Capital Gains Lock-In and Governance Choices
  Stephen G. Dimmock, William C. Gerken, Zoran Ivković, and Scott J. Weisbenner #20176 (AP   CF   PE)
  
• Consumption Dynamics During Recessions
  David Berger and Joseph Vavra #20175 (EFG)
  
• Culture: Persistence and Evolution
  Francesco Giavazzi, Ivan Petkov, and Fabio Schiantarelli #20174 (IFM   POL)
  
• In a Small Moment: Class Size and Moral Hazard in the Mezzogiorno
  Joshua D. Angrist, Erich Battistin, and Daniela Vuri #20173 (CH   DEV   ED   LS   PE)
  
• Under-investment in a Profitable Technology: The Case of Seasonal Migration in Bangladesh
  Gharad Bryan, Shyamal Chowdhury, and Ahmed Mushfiq Mobarak #20172 (DEV   LS)
  
• Consumer Heterogeneity and Paid Search Effectiveness: A Large Scale Field Experiment
  Tom Blake, Chris Nosko, and Steven Tadelis #20171 (IO)
  
• To Charge or Not to Charge: Evidence from a Health Products Experiment in Uganda
  Greg Fischer, Dean Karlan, Margaret McConnell, and Pia Raffler #20170 (DEV   HE   LS)
  
• Medicaid: A Review of the Literature
  Marianne P. Bitler and Madeline Zavodny #20169 (CH   HC   HE)
  
• The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy
  Lorenzo Caliendo, Fernando Parro, Esteban Rossi-Hansberg, and Pierre-Daniel Sarte #20168 (EFG   ITI)
  
• The Career Prospects of Overeducated Americans
  Brian Clark, Clément Joubert, and Arnaud Maurel #20167 (ED   LS   PE)
  
• Does in utero Exposure to Illness Matter? The 1918 Influenza Epidemic in Taiwan as a Natural Experiment
  Ming-Jen Lin and Elaine M. Liu #20166 (AG   CH   HE)
  
• How does macroprudential regulation change bank credit supply?
  Anil K Kashyap, Dimitrios P. Tsomocos, and Alexandros P. Vardoulakis #20165 (CF   EFG   ME)
  
• Human Capital Effects of Anti-Poverty Programs: Evidence from a Randomized Housing Voucher Lottery
  Brian Jacob, Max Kapustin, and Jens Ludwig #20164 (CH   ED   HE   PE)
  

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Weekly papers released by May 27, 2014

• Collusion at the Extensive Margin
  Martin C. Byford and Joshua S. Gans #20163 (IO)
  
• “Selling Out” and the Impact of Music Piracy on Artist Entry
  Joshua S. Gans #20162 (PR)
  
• Inflation Announcements and Social Dynamics
  Kinda Hachem and Jing Cynthia Wu #20161 (EFG   ME)
  
• Weak Versus Strong Net Neutrality
  Joshua S. Gans #20160 (IO   PR)
  
• Public Health Insurance Expansions and Hospital Technology Adoption
  Seth Freedman, Haizhen Lin, and Kosali Simon #20159 (HC   HE)
  
• Are Americans and Indians More Altruistic than the Japanese and Chinese? Evidence from a New International Survey of Bequest Plans
  Charles Yuji Horioka #20158 (AG   EFG   PE)
  
• The Wealth Distribution in Bewley Economies with Investment Risk
  Jess Benhabib, Alberto Bisin, and Shenghao Zhu #20157 (EFG)
  
• When Does Education Matter? The Protective Effect of Education for Cohorts Graduating in Bad Times
  David Cutler, Wei Huang, and Adriana Lleras-Muney #20156 (ED   HE   LS)
  
• Small and Large Price Changes and the Propagation of Monetary Shocks
  Fernando Alvarez, Hervé Le Bihan, and Francesco Lippi #20155 (EFG   ME)
  
• No-Bubble Condition: Model-free Tests in Housing Markets
  Stefano Giglio, Matteo Maggiori, and Johannes Stroebel #20154 (AP   CF   EFG   IFM   ME)
  
• A Revealed Preference Approach to the Elicitation of Political Attitudes: Experimental Evidence on Anti-Americanism in Pakistan
  Leonardo Bursztyn, Michael Callen, Bruno Ferman, Ali Hasanain, and Noam Yuchtman #20153 (DEV   POL)
  
• House Price Gains and U.S. Household Spending from 2002 to 2006
  Atif Mian and Amir Sufi #20152 (CF   EFG   ME)
  
• Who do Unions Target? Unionization over the Life-Cycle of U.S. Businesses
  Emin Dinlersoz, Jeremy Greenwood, and Henry Hyatt #20151 (EFG)
  
• Highway to Hitler
  Nico Voigtlaender and Hans-Joachim Voth #20150 (PE   POL)
  
• Does Financing Spur Small Business Productivity? Evidence from a Natural Experiment
  Karthik Krishnan, Debarshi Nandy, and Manju Puri #20149 (CF   PR)
  
• Impacts of the Affordable Care Act Dependent Coverage Provision on Health-Related Outcomes of Young Adults
  Silvia Barbaresco, Charles J. Courtemanche, and Yanling Qi #20148 (HC   HE)
  
• Friends or Foes: The Interrelationship between Angel and Venture Capital Markets
  Thomas F. Hellmann and Veikko Thiele #20147 (CF)
  
• How Did Distributional Preferences Change During the Great Recession?
  Raymond Fisman, Pamela Jakiela, and Shachar Kariv #20146 (PE   POL)
  
• The Distributional Preferences of Americans
  Raymond Fisman, Pamela Jakiela, and Shachar Kariv #20145 (PE   POL)
  
• Aggregate Fertility and Household Savings: A General Equilibrium Analysis using Micro Data
  Abhijit Banerjee, Xin Meng, Tommaso Porzio, and Nancy Qian #20050 (DEV   EFG)
  

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Weekly papers released by May 19, 2014

• Export Destinations and Input Prices
  Paulo Bastos, Joana Silva, and Eric Verhoogen #20143 (ITI)
  
• Can Variation in Subgroups' Average Treatment Effects Explain Treatment Effect Heterogeneity? Evidence from a Social Experiment
  Marianne P. Bitler, Jonah B. Gelbach, and Hilary W. Hoynes #20142 (CH   LS   PE)
  
• A Model of Monetary Policy and Risk Premia
  Itamar Drechsler, Alexi Savov, and Philipp Schnabl #20141 (AP   ME)
  
• More Insurers Lower Premiums: Evidence from Initial Pricing in the Health Insurance Marketplaces
  Leemore Dafny, Jonathan Gruber, and Christopher Ody #20140 (HC   IO   PE)
  
• Social Learning and Communication
  Ariel BenYishay and A. Mushfiq Mobarak #20139 (DEV)
  
• Matching Capital and Labor
  Jonathan B. Berk, Jules H. van Binsbergen, and Binying Liu #20138 (AP   CF   IO)
  
• Financial Knowledge and 401(k) Investment Performance
  Robert L. Clark, Annamaria Lusardi, and Olivia S. Mitchell #20137 (AG)
  
• Two-Sided Heterogeneity and Trade
  Andrew B. Bernard, Andreas Moxnes, and Karen Helene Ulltveit-Moe #20136 (ITI)
  
• Financial Education and Access to Savings Accounts: Complements or Substitutes? Evidence from Ugandan Youth Clubs
  Julian C. Jamison, Dean Karlan, and Jonathan Zinman #20135 (DEV   LE   LS)
  
• Interest Rates and Money in the Measurement of Monetary Policy
  Michael T. Belongia and Peter N. Ireland #20134 (ME)
  
• Very Long-Run Discount Rates
  Stefano Giglio, Matteo Maggiori, and Johannes Stroebel #20133 (AP   CF   EEE   EFG   ME   PE   POL)
  
• The Behavioralist as Nutritionist: Leveraging Behavioral Economics To Improve Child Food Choice and Consumption
  John A. List and Anya Savikhin Samek #20132 (HE)
  
• Immigration, Search, and Redistribution: A Quantitative Assessment of Native Welfare
  Michele Battisti, Gabriel Felbermayr, Giovanni Peri, and Panu Poutvaara #20131 (   LS   PE)
  
• A Big Data Approach to Optimal Sales Taxation
  Christian Baker, Jeremy Bejarano, Richard W. Evans, Kenneth L. Judd, and Kerk L. Phillips #20130 (PE)
  
• Resource Concentration and Civil Wars
  Massimo Morelli and Dominic Rohner #20129 (DEV   POL)
  
• Has the Financial Crisis Permanently Changed the Practice of Monetary Policy? Has It Changed the Theory of Monetary Policy?
  Benjamin M. Friedman #20128 (ME)
  
• When Consumers Do Not Make an Active Decision: Dynamic Default Rules and their Equilibrium Effects
  Keith M. Marzilli Ericson #20127 (IO   LE   PE)
  
• Costs and Benefits to Phasing Out Paper Currency
  Kenneth S. Rogoff #20126 (ME)
  
• Small Victories: Creating Intrinsic Motivation in Savings and Debt Reduction
  Alexander L. Brown and Joanna N. Lahey #20125 (AG   PE   POL)
  
• Accounting and Actuarial Smoothing of Retirement Payouts in Participating Life Annuities
  Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, and Ivonne Siegelin #20124 (AG)
  
• Pathways to Retirement and the Role of Financial Incentives in Sweden
  Per Johansson, Lisa Laun, and Mårten Palme #20123 (AG)
  
• The Economic Stimulus Payments of 2008 and the Aggregate Demand for Consumption
  Christian Broda and Jonathan A. Parker #20122 (EFG   ME   PE)
  
• Is the Stock Market Just a Side Show? Evidence from a Structural Reform
  Murillo Campello, Rafael P. Ribas, and Yan Wang #20121 (CF   DEV)
  
• Social Security Programs and Retirement Around the World: Disability Insurance Programs and Retirement - Introduction and Summary
  Courtney Coile, Kevin S. Milligan, and David A. Wise #20120 (AG)
  
• Estimation of Affine Term Structure Models with Spanned or Unspanned Stochastic Volatility
  Drew D. Creal and Jing Cynthia Wu #20115 (AP   ME)
  
• Economic History and Economic Development: New Economic History in Retrospect and Prospect
  Peter Temin #20107 (DAE   DEV)
  

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Weekly papers released by May 12, 2014

• Detection and Impact of Industrial Subsidies: The Case of World Shipbuilding
  Myrto Kalouptsidi #20119 (IO)
  
• The Effect of School Finance Reforms on the Distribution of Spending, Academic Achievement, and Adult Outcomes
  C. Kirabo Jackson, Rucker Johnson, and Claudia Persico #20118 (CH   ED   LS   PE)
  
• Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound
  Jing Cynthia Wu and Fan Dora Xia #20117 (AP   EFG   ME)
  
• The Role of Publication Selection Bias in Estimates of the Value of a Statistical Life
  W. Kip Viscusi #20116 (HE)
  
• Effects of Maternal Depression on Family Food Insecurity
  Kelly Noonan, Hope Corman, and Nancy E. Reichman #20113 (HE   PE)
  
• Curriculum and Ideology
  Davide Cantoni, Yuyu Chen, David Y. Yang, Noam Yuchtman, and Y. Jane Zhang #20112 (DAE   DEV   LS   POL)
  
• The Effect of Public Insurance Coverage for Childless Adults on Labor Supply
  Laura Dague, Thomas DeLeire, and Lindsey Leininger #20111 (HE   LS)
  
• Asset Pricing with Countercyclical Household Consumption Risk
  George M. Constantinides and Anisha Ghosh #20110 (AP)
  
• When Does Regulation Distort Costs? Lessons from Fuel Procurement in U.S. Electricity Generation
  Steve Cicala #20109 (EEE   IO   POL)
  
• Race, Ethnicity, and Discriminatory Zoning
  Allison Shertzer, Tate Twinam, and Randall P. Walsh #20108 (DAE   EEE   LE)
  
• Stereotypes
  Pedro Bordalo, Nicola Gennaioli, and Andrei Shleifer #20106 (ED   POL)
  
• Labor Mobility WIthin Currency Unions
  Emmanuel Farhi and Iván Werning #20105 (IFM   PE)
  
• Shock Elasticities and Impulse Responses
  Jaroslav Borovička, Lars Peter Hansen, and José A. Scheinkman #20104 (AP)
  
• The Long Term Impact of Cash Transfers to Poor Families
  Anna Aizer, Shari Eli, Joseph Ferrie, and Adriana Lleras-Muney #20103 (CH   DAE   ED   HE   LS   PE)
  
• The New Empirical Economics of Management
  Nicholas Bloom, Renata Lemos, Raffaella Sadun, Daniela Scur, and John Van Reenen #20102 (DEV   EFG   IO   ITI   LS   PE   PR)
  
• Reconciling Hayek's and Keynes Views of Recessions
  Paul Beaudry, Dana Galizia, and Franck Portier #20101 (EFG)
  
• Evaluating Policies to Prevent another Crisis: An Economist’s View
  Paul S. Willen #20100 (EFG)
  
• Financial Frictions and Firm Dynamics
  Paul Bergin, Ling Feng, and Ching-Yi Lin #20099 (EFG   IFM   ME)
  
• Communicating Uncertainty in Official Economic Statistics
  Charles F. Manski #20098 (EFG   PE   TWP)
  
• The Effect of Medical Marijuana Laws on Marijuana, Alcohol, and Hard Drug Use
  Hefei Wen, Jason M. Hockenberry, and Janet R. Cummings #20085 (HE)
  
• What is driving the "African Growth Miracle"?
  Margaret S. McMillan and Kenneth Harttgen #20077 (ITI)
  

Weekly papers released by May 5, 2014

• Is Smoking Inferior? Evidence from Variation in the Earned Income Tax Credit
  Donald S. Kenkel, Maximilian D. Schmeiser, and Carly J. Urban #20097 (HE)
  
• Corporate Governance and the Development of Manufacturing Enterprises in Nineteenth-Century Massachusetts
  Eric Hilt #20096 (DAE)
  
• Discrimination and the Effects of Drug Testing on Black Employment
  Abigail K. Wozniak #20095 (LS   PE)
  
• Monetary Policy and Real Borrowing Costs at the Zero Lower Bound
  Simon Gilchrist, David López-Salido, and Egon Zakrajšek #20094 (ME)
  
• Foreign STEM Workers and Native Wages and Employment in U.S. Cities
  Giovanni Peri, Kevin Shih, and Chad Sparber #20093 (LS   PR)
  
• Indirect Rule and State Weakness in Africa: Sierra Leone in Comparative Perspective
  Daron Acemoglu, Isaías N. Chaves, Philip Osafo-Kwaako, and James A. Robinson #20092 (DEV)
  
• The Market for High-Quality Medicine
  Daniel Bennett and Wesley Yin #20091 (DEV   HC)
  
• Corruption in Chinese Privatizations
  Raymond Fisman and Yongxiang Wang #20090 (CF   DEV   POL)
  
• Nationalism and Economic Exchange: Evidence from Shocks to Sino-Japanese Relations
  Raymond Fisman, Yasushi Hamao, and Yongxiang Wang #20089 (CF   DEV   ITI   POL)
  
• Banning Foreign Pharmacies from Sponsored Search: The Online Consumer Response
  Matthew Chesnes, Weijia (Daisy) Dai, and Ginger Zhe Jin #20088 (IO)
  
• Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Changes, 1952-1991
  Christina D. Romer and David H. Romer #20087 (DAE   EFG   ME   PE)
  
• Segregated Security Exchanges with Ex Ante Rights to Trade: A Market-Based Solution to Collateral-Constrained Externalities
  Weerachart T. Kilenthong and Robert M. Townsend #20086 (DEV   IFM)
  
• Mansion Tax: The Effect of Transfer Taxes on the Residential Real Estate Market
  Wojciech Kopczuk and David J. Munroe #20084 (PE)
  
• Floating a "Lifeboat": The Banque de France and the Crisis of 1889
  Pierre-Cyrille Hautcoeur, Angelo Riva, and Eugene N. White #20083 (CF   DAE   ME)
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• Electoral Rules and the Quality of Politicians: Theory and Evidence from a Field Experiment in Afghanistan
  Andrew Beath, Fotini Christia, Georgy Egorov, and Ruben Enikolopov #20082 (POL)
  
• Uncertainty Shocks, Asset Supply and Pricing over the Business Cycle
  Francesco Bianchi, Cosmin Ilut, and Martin Schneider #20081 (AP   CF   EFG   ME)
  

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Weekly papers released by April 28, 2014

• The Role of Proximity in Foreclosure Externalities: Evidence from Condominiums
  Lynn M. Fisher, Lauren Lambie-Hanson, and Paul S. Willen #20080 (EFG)
  
• Evolving Comparative Advantage and the Impact of Climate Change in Agricultural Markets: Evidence from 1.7 Million Fields around the World
  Arnaud Costinot, Dave Donaldson, and Cory B. Smith #20079 (DEV   EEE   EFG   ITI)
  
• The Evolution of Bank Boards of Directors in New York, 1840-1950
  Howard Bodenhorn and Eugene N. White #20078 (CF   DAE)
  
• The Common Factor in Idiosyncratic Volatility: Quantitative Asset Pricing Implications
  Bernard Herskovic, Bryan T. Kelly, Hanno Lustig, and Stijn Van Nieuwerburgh #20076 (AP)
  
• Financial Health Economics
  Ralph S.J. Koijen, Tomas J. Philipson, and Harald Uhlig #20075 (HE   EFG)
  
• Market Structure, Reputation, and the Value of Quality Certification
  Daniel W. Elfenbein, Raymond Fisman, and Brian McManus #20074 (IO)
  
• The Wealthy Hand-to-Mouth
  Greg Kaplan, Giovanni L. Violante, and Justin Weidner #20073 (AP   EFG   IFM   ME)
  
• Investment Noise and Trends
  Robert F. Stambaugh #20072 (AP)
  
• Do ETFs Increase Volatility?
  Itzhak Ben-David, Francesco Franzoni, and Rabih Moussawi #20071 (AP   CF)
  
• Monetary Policy Drivers of Bond and Equity Risks
  John Y. Campbell, Carolin Pflueger, and Luis M. Viceira #20070 (AP   EFG   ME)
  
• Firms and the Economics of Skilled Immigration
  Sari Pekkala Kerr, William R. Kerr, and William F. Lincoln #20069 (LS   PR)
  
• Understanding Earnings Dynamics: Identifying and Estimating the Changing Roles of Unobserved Ability, Permanent and Transitory Shocks.
  Lance Lochner and Youngki Shin #20068 (ED   LS)
  
• On the Distributive Costs of Drug-Related Homicides
  Nicolás Ajzenman, Sebastian Galiani, and Enrique Seira #20067 (DEV)
  
• Job Displacement and the Duration of Joblessness: The Role of Spatial Mismatch
  Fredrik Andersson, John C. Haltiwanger, Mark J. Kutzbach, Henry O. Pollakowski, and Daniel H. Weinberg #20066 (EFG   LS)
  

---

Weekly papers released by April 21, 2014

• Declining Migration within the U.S.: The Role of the Labor Market
  Raven Molloy, Christopher L. Smith, and Abigail Wozniak #20065 (DAE   EFG   LS)
  
• Disease and Development: A Reply to Bloom, Canning, and Fink
  Daron Acemoglu and Simon Johnson #20064 (   DEV   EFG)
  
• In Search of the Armington Elasticity
  Robert C. Feenstra, Philip Luck, Maurice Obstfeld, and Katheryn N. Russ #20063 (IFM   ITI)
  
• Rare Booms and Disasters in a Multi-sector Endowment Economy
  Jerry Tsai and Jessica A. Wachter #20062 (AP)
  
• Firms, Destinations, and Aggregate Fluctuations
  Julian di Giovanni, Andrei A. Levchenko, and Isabelle Mejean #20061 (EFG   IFM   ITI)
  
• Localized and Biased Technologies: Atkinson and Stiglitz’s New View, Induced Innovations, and Directed Technological Change
  Daron Acemoglu #20060 (DEV   EFG)
  
• Economic Well-being and Anti-Semitic, Xenophobic, and Racist Attitudes in Germany
  Naci H. Mocan and Christian Raschke #20059 (HE   LE   LS   POL)
  
• Bequests and Heterogeneity in Retirement Wealth
  Mariacristina De Nardi and Fang Yang #20058 (EFG   PE)
  
• Co-residence, Life-Cycle Savings and Inter-generational Support in Urban China
  Mark R. Rosenzweig and Junsen Zhang #20057 (DEV)
  
• Promise Scholarship Programs as Place-Making Policy: Evidence from School Enrollment and Housing Prices
  Michael LeGower and Randall Walsh #20056 (ED   PE)
  
• Inflation in the Great Recession and New Keynesian Models
  Marco Del Negro, Marc P. Giannoni, and Frank Schorfheide #20055 (EFG   ME)
  
• The Causal Effect of Competition on Prices and Quality: Evidence from a Field Experiment
  Matias Busso and Sebastian Galiani #20054 (DEV)
  
• How Do Providers Respond to Public Health Insurance Expansions? Evidence from Adult Medicaid Dental Benefits
  Thomas C. Buchmueller, Sarah Miller, and Marko Vujicic #20053 (HC   HE)
  
• The “Amazon Tax”: Empirical Evidence from Amazon and Main Street Retailers
  Brian Baugh, Itzhak Ben-David, and Hoonsuk Park #20052 (CF   IO)
  
• Internal versus External Growth in Industries with Scale Economies: A Computational Model of Optimal Merger Policy
  Ben Mermelstein, Volker Nocke, Mark A. Satterthwaite, and Michael D. Whinston #20051 (IO)
  

---

Weekly papers released by April 14, 2014

• Place-Based Policies
  David Neumark and Helen Simpson #20049 (LS   PE)
  
• Information Disclosure through Agents: Evidence from a Field Experiment
  Hunt Allcott and Richard Sweeney #20048 (EEE)
  
• The Effect of Effectiveness: Donor Response to Aid Effectiveness in a Direct Mail Fundraising Experiment
  Dean Karlan and Daniel H. Wood #20047 (DEV   POL)
  
• Host-Country Financial Development and Multinational Activity
  L. Kamran Bilir, Davin Chor, and Kalina Manova #20046 (IFM   ITI)
  
• Health Care in a Multipayer System: The Effects of Health Care Service Demand among Adults under 65 on Utilization and Outcomes in Medicare
  Sherry A. Glied #20045 (HC   HE)
  
• Private Information and Sunspots in Sequential Asset Markets
  Jess Benhabib and Pengfei Wang #20044 (AP)
  
• Capital Taxation under Political Constraints
  Florian Scheuer and Alexander Wolitzky #20043 (EFG   PE   POL)
  
• Varieties of Sovereign Crises: Latin America 1820-1931
  Graciela Laura Kaminsky and Pablo Vega-García #20042 (IFM)
  
• Credit Risk in the Euro Area
  Simon Gilchrist and Benoît Mojon #20041 (EFG   ME)
  
• Understanding the Great Recession
  Lawrence J. Christiano, Martin S. Eichenbaum, and Mathias Trabandt #20040 (EFG   ME)
  
• Algorithms and the Changing Frontier
  Hezekiah Agwara, Philip Auerswald, and Brian Higginbotham #20039 (PR)
  
• Uncertainty, Financial Frictions, and Investment Dynamics
  Simon Gilchrist, Jae W. Sim, and Egon Zakrajšek #20038 (EFG)
  
• The (Changing) Knowledge Production Function: Evidence from the MIT Department of Biology for 1970-2000
  Annamaria Conti and Christopher C. Liu #20037 (ED   PE)
  
• Information Technology and the Distribution of Inventive Activity
  Chris Forman, Avi Goldfarb, and Shane Greenstein #20036 (PR)
  
• Health Status, Disability and Retirement Incentives in Belgium
  Alain Jousten, Mathieu Lefebvre, and Sergio Perelman #20035 (AG)
  
• Structuring Incentives Within Organizations: The Case of Accountable Care Organizations
  Brigham Frandsen and James B. Rebitzer #20034 (HC   IO   LS)
  
• The Euro and The Geography of International Debt Flows
  Galina Hale and Maurice Obstfeld #20033 (IFM)
  
• Did Railroads Make Antebellum U.S. Banks More Sound?
  Jeremy Atack, Matthew S. Jaremski, and Peter L. Rousseau #20032 (DAE)
  
• An Empirical Model of Wage Dispersion with Sorting
  Jesper Bagger and Rasmus Lentz #20031 (EFG   LS)
  
• Retirement, Early Retirement and Disability: Explaining Labor Force Participation after 55 in France
  Luc Behaghel, Didier Blanchet, and Muriel Roger #20030 (AG)
  
• Colonial Institutions, Commodity Booms, and the Diffusion of Elementary Education in Brazil, 1889-1930
  Aldo Musacchio, Andre Martinez, and Martina Viarengo #20029 (DAE)
  
• Understanding Corporate Governance Through Learning Models of Managerial Competence
  Benjamin E. Hermalin and Michael S. Weisbach #20028 (CF   LE   LS)
  
• The Flight from Maturity
  Gary B. Gorton, Andrew Metrick, and Lei Xie #20027 (AP   CF   EFG   ME)
  

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Weekly papers released by April 7, 2014

• Which Peers Matter? The Relative Impacts of Collaborators, Colleagues, and Competitors
  George J. Borjas and Kirk B. Doran #20026 (LS)
  
• Input Diffusion and the Evolution of Production Networks
  Vasco Carvalho and Nico Voigtländer #20025 (EFG      IO   PR)
  
• Savings in Transnational Households: A Field Experiment among Migrants from El Salvador
  Nava Ashraf, Diego Aycinena, Claudia Martínez A., and Dean Yang #20024 (DEV   LS)
  
• Book Translations as Idea Flows: The Effects of the Collapse of Communism on the Diffusion of Knowledge
  Ran Abramitzky and Isabelle Sin #20023 (ITI   LS   PE   POL   PR)
  
• Behavioral and Descriptive Forms of Choice Models
  Ariel Pakes #20022 (IO   PR)
  
• How Much Favorable Selection Is Left in Medicare Advantage?
  Joseph P. Newhouse, Mary Price, J. Michael McWilliams, John Hsu, and Thomas G. McGuire #20021 (HC)
  
• The ACA: Some Unpleasant Welfare Arithmetic
  Casey B. Mulligan #20020 (EFG   HE   LS   PE)
  
• How Consumers Respond to Environmental Certification and the Value of Energy Information
  Sébastien Houde #20019 (EEE   IO)
  

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