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New This Week Archive

NBER Working Papers released in the past, by week.

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Week of June 26, 1998

• Performance of Operational Policy Rules in an Estimated Semi-Classical Structural Model
  Bennet T. McCallum and Edward Nelson #6599
  
• The U.S.-China Bilateral Trade Balance: Its Size and Determinants
  Robert C. Feenstra, Wen Hai, Wing T. Wood, and Shunli Yao #6598
  
• Another Look at Long-Run Money Demand
  Laurence Ball #6597
  
• Medicare from the Perspective of Generation Accounting
  Jagadeesh Gokhale and Laurence J. Kotlikoff #6596
  
• The Adoption and Impact of Advance Emergency Response Systems
  Susan Athey and Scott Stern #6595
  
• Agency Problems and Divided Policies Around the World
  Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert Vishny #6594
  
• The Demand for Money, Financial Innovation, and the Welfare Cost of Inflation: An Analysis with Households' Data
  Orazio Attanasio, Luigi Guiso, and Tuillo Jappelli #6593
  
• An Economic Analysis of a Drug-Selling Gang's Finances
  Steven D. Levitt and Sudhir Alladi Venkatesh #6592
  

Week of June 19, 1998

• What Are the Results of Product-Price Studies and What Can We Learn From Their Differences?
  Matthew J. Slaughter #6591
  
• Managing Annual Accounting Reports to Avoid State Taxes: An Analysis of Property-Casualty Insurers
  Kathy R. Petroni and Douglas A. Shackelford #6590
  
• Lobbying and Legislative Bargaining
  Elhanan Helpman and Torsten Persson #6589
  
• Education and Borrowing Constraints: Tests vs Prices
  Raquel Fernández #6588
  
• North American Economic Integration and Industry Location
  Gordon H. Hanson #6587
  
• Causal Effects in Non-Experimental Studies: Re-Evaluating the Evaluation of Training Programs
  Rajeev H. Dehejia and Sadek Wahba #6586
  

Week of June 12, 1998

• Substitution over Time: Another Look at Life Cycle Labor Supply
  Casey B. Mulligan #6585
  
• The Economics of Taxing the Rich
  Joel Slemrod #6584
  
• Did Steve Forbes Scare the Municipal Bond Market?
  Joel Slemrod and Timothy Greimel #6583
  
• A General Model of the Behavioral Response to Taxation
  Joel Slemrod #6582
  
• Youth Labor Markets in the U.S.: Shopping Around vs. Staying Put
  David Neumark #6581
  
• A New Model of Quality
  Kala Krishna and Tor Winston #6580
  

Week of June 5, 1998

• Globalization and the Market for Teammates
  Edward P. Lazear #6579
  
• Income Taxes and Entrepreneurs' Use of Labor
  Robert Carroll, Douglas Holtz-Eakin, Mark Rider and Harvey S. Rosen #6578
  
• The Role of Leasing under Adverse Selection
  Igal Hendel and Alessandro Lizzeri #6577
  
• Are "Real" Responses to Taxes Simply Income Shifting Between Corporate and Personal Tax Bases?
  Roger H. Gordon and Joel Slemrod #6576
  
• The Determinants of Income Tax Compliance: Evidence from a Controlled Experiment in Minnesota
  Marsha Blumenthal, Charles Christian and Joel Slemrod #6575
  
• Hedonic Analysis and Arthritis Drugs
  Iain M. Cockburn and Aslam H. Anis #6574
  
• Labor Market Information and Wage Differentials by Race and Sex
  David Neumark #6573
  
• How are Stock Prices Affected by the Location of Trade?
  Kenneth A. Froot and Emil Dabora #6572
  
• Understanding Increasing and Decreasing Wage Inequality
  Andrew B. Bernard and J. Bradford Jensen #6571
  
• Robustness of Simple Monetary Policy Rules under Model Uncertainty
  Andrew Levin, Volker Wieland and John C. Williams #6570
  
• Pharmaceutical Innovation, Mortality Reduction, and Economic Growth
  Frank R. Lichtenberg #6569
  

Week of May 29, 1998

• An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy: Expanded Version
  Julio J. Rotemberg and Michael Woodford #T233
  
• Does Cultural Origin Affect Saving Behavior? Evidence from Immigrants
  Christopher D. Carroll, Byung-Kun Rhee and Changyong Rhee #6568
  
• Asset Holding and Consumption Volatility
  Orazio Attanasio, James Banks and Sarah Tanner #6567
  
• Revisiting European Unemployment: Unemployment, Capital Accumulation, and Factor Price
  Olivier Blanchard #6566
  
• Does the Sector Bias of Skill-Biased Technical Change Explain Changing Wage Inequality?
  Jonathan E. Haskel and Matthew J. Slaughter #6565
  
• Why Do Some Countries Produce So Much More Output per Worker than Others?
  Robert E. Hall and Charles I. Jones #6564
  
• Currency Crisis and Unemployment: Sterling in 1931
  Barry Eichengreen and Olivier Jeanne #6563
  
• Trade Policy and Economic Performance in Sub-Saharan Africa
  Dani Rodrik #6562
  
• Outside Equity Financing
  Stewart C. Myers #6561
  
• Intertemporal Choice and the Cross-Sectional Variance of Marginal Utility
  Orazio P. Attanasio and Tullio Jappelli #6560
  
• The Global Capital Market: Benefactor or Menace?
  Maurice Obstfeld #6559
  
• Productivity and the Decision to Export: Micro Evidence from Taiwan and South Korea
  Bee Yan Aw, Sukkyun Chung and Mark J. Roberts #6558
  
• International Trade and Per Capita Income Convergence: A Difference-in-Differences Analysis
  Matthew J. Slaughter #6557
  
• Subsidiarity and the European Union
  Robert P. Inman and Daniel L. Rubinfeld #6556
  
• Macroeconomic Policy and Institutions During the Transition to European Union Membership
  William H. Branson, Jorge Braga de Macedo and Jurgen von Hagen #6555
  

Week of May 22, 1998

• Parental Leave and Child Health
  Christopher J. Ruhm #6554
  
• Bad News Travels Slowly: Size, Analyst Coverage and the Profitability of Momentum Strategies
  Harrison Hong, Terence Lim and Jeremy C. Stein #6553
  
• Moral Hazard in Home Equity Conversion
  Robert J. Shiller and Allan N. Weiss #6552
  
• Adjusting to a New Technology: Experience and Training
  Elhanan Helpman and Antonio Rangel #6551
  
• Were the Good Old Days That Good? Changes in Managerial Stock Ownership Since the Great Depression
  Clifford G. Holderness, Randall S. Kroszner and Dennis P. Sheehan #6550
  
• Why Do the Rich Save So Much?
  Christopher D. Carroll #6549
  
• The Effect of Old Age Assistance on Retirement
  Leora Friedberg #6548
  
• The Rise in Old Age Longevity and the Market for Long-Term Care
  Darius Lakdawalla and Tomas Philipson #6547
  
• A Distributional Analysis of an Environmental Tax Shift
  Gilbert E. Metcalf #6546
  
• Open-Economy Inflation Targeting
  Lars E. O. Svensson #6545
  

Week of May 15, 1998

• Solutions to Linear Rational Expectations Models: A Compact Exposition
  Bennett T. McCallum #T232
  
• Efficient Intertemporal Allocations with Recursive Utility
  Bernard Dumas, Raman Uppal and Tan Wang #T231
  
• Incentive Contracting and the Franchise Decision
  Francine Lafontaine and Margaret E. Slade #6544
  
• Forward-Looking Rules for Monetary Policy
  Andrew G. Haldane and Nicoletta Batini #6543
  
• Evaluating the Welfare State
  James J. Heckman and Jeffrey A. Smith #6542
  
• An Examination of Gender and Race Differences in Youth Smoking Responsiveness to Price and Tobacco Control Policies
  Frank J. Chaloupka and Rosalie Liccardo Pacula #6541
  
• Two Percent Personal Retirement Accounts: Their Potential Effects on Social Security Tax Rates and National Saving #6540
  Martin Feldstein and Andrew Samwick #6540
  
• A Re-Examination of the Conglomerate Merger Wave in the 1960s: An Internal Capital Markets View
  R. Glenn Hubbard and Darius Palia #6539
  
• Export Entry and Exit by German Firms
  Andrew B. Bernard and Joachim Wagner #6538
  
• The Shaping of Higher Education: The Formative Years in the United States, 1890 to 1940
  Claudia Goldin and Lawrence F. Katz #6537
  
• The Effects of Minimum Wages on the Distribution of Family Incomes: A Non-Parametric Approach
  David Neumark, Mark Schweitzer and William Wascher #6536
  

Week of May 8, 1998

• Diversity and Immigration
  Edward P. Lazear #6535
  
• New Evidence on Pensions, Social Security, and the Timing of Retirement
  Andrew A. Samwick #6534
  
• Taxation and the Sources of Growth: Estimates from United States Multinational Corporations
  Jason G. Cummins #6533
  
• Does Government R&D Policy Mainly Benefit Scientists and Engineers?
  Austan Goolsbee #6532
  
• What Determines Individual Trade Policy Preferences?
  Kenneth F. Scheve and Matthew J. Slaughter #6531
  
• Capital Flows to Emerging Markets: Liberalization, Overshooting, and Volatility
  Philippe Bacchetta and Eric van Wincoop #6530
  
• On Theories Explaining the Success of the Gravity Equation
  Simon J. Evenett and Wolfgang Keller #6529
  
• Business Cycle Fluctuations in U.S. Macroeconomic Time Series
  James H. Stock and Mark W. Watson #6528
  
• Medicaid Expansions and The Crowding Out of Private Health Insurance
  Esel Y. Yazici and Robert Kaestner #6527
  
• Investment Subsidies and Wages in Capital Goods Industries: To the Workers Go the Spoils?
  Austan Goolsbee #6526
  
• Taxes and Investment in Annuities
  William M. Gentry and Joseph Milano #6525
  
• Privatization in Emerging Markets
  Joshua Aizenman #6524
  
• Managed Care and Provider Volume
  Sarah Feldman and David Scharfstein #6523
  
• Notes on "A Codes for Fiscal Stability"
  Willem H. Buiter #6522
  

Week of May 1, 1998

• Combining Panel Data Sets with Attrition and Refreshment Samples
  Keisuke Hirano, Guido W. Imbens, Geert Ridder and Donald B. Rubin #T230
  
• An Economic Analysis of Transnational Bankruptcies
  Lucian Arye Bebchuk and Andrew T. Guzmán #6521
  
• Falling Union Membership and Rising Wage Inequality: What's the Connection?
  David Card #6520
  
• The More Things Change: Immigrants and the Children of Immigrants in the 1940s, the 1970s, and the 1990s
  David Card, John DiNardo and Eugena Estes #6519
  
• Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty
  Arturo Estrella and Frederic S. Mishkin #6518
  
• Vertical Externalities in Tax Setting: Evidence from Gasoline and Cigarettes
  Timothy J. Besley and Harvey S. Rosen #6517
  
• The Morning After: The Mexican Peso in the Aftermath of the 1994 Currency Crisis
  Sebastian Edwards and Miguel A. Savastano #6516
  
• Changing Inequality in the Markets for Workplace Amenities
  Daniel S. Hamermesh #6515
  
• The Costs and Benefits of Intensive Treatment for Cardiovascular Disease
  David Cutler, Mark McClellan and Joseph Newhouse #6514
  
• How Much is Enough? Efficiency and Medicare Spending in the Last Six Months of Life
  Jonathan Skinner and John E. Wennberg #6513
  
• Policy Rules for Inflation Targeting
  Glenn D. Rudebusch and Lars E. O. Svensson #6512
  
• Social Security, Economic Growth, and the Rise in Independence of Elderly Widows in the 20th Century
  Kathleen McGarry and Robert F. Schoeni #6511
  
• The Political Economy of Unilateral Trade Liberalization: The Case of Chile
  Sebastian Edwards and Daniel Lederman #6510
  

Week of April 24, 1998

• The Effect of Offer-of-Settlement Rules on the Terms of Settlement
  Lucian Arye Bebchuk and Howard F. Chang #6509
  
• Regime Switches in Interest Rates
  Andrew Ang and Geert Bekaert #6508
  
• International Knowledge Flows: Evidence from Patent Citations
  Adam B. Jaffe and Manuel Trajtenberg #6507
  
• The Economic Progress of Immigrants
  George J. Borjas #6506
  
• Valuing the Futures Market Clearinghouse's Default Exposure During the 1987 Crash
  David Bates and Roger Craine #6505
  
• The Wage and the Length of the Work Day: From the 1890s to 1991
  Dora L. Costa #6504
  
• Health Problems as Determinants of Retirement: Are Self-Rated Measures Endogenous?
  Debra Sabatini Dwyer and Olivia S. Mitchell #6503
  
• Why Aren't Savings Rates in Latin America Procyclical?
  Philip R. Lane and Aaron Tornell #6502
  
• Labor-Market Frictions and Employment Fluctuations
  Robert E. Hall #6501
  
• It'll Only Hurt a Second? Microeconomic Determinants of Who Gets Flu Shots
  John Mullahy #6500
  

Week of April 17, 1998

• Producers and Predators
  Herschel I. Grossman #6499
  
• Voracity and Growth
  Aaron Tornell and Philip R. Lane #6498
  
• Reform from Within
  Aaron Tornell #6497
  
• Mentoring and Diversity
  Susan Athey, Christopher Avery and Peter Zemsky #6496
  
• The Current Account and the Real Exchange Rate: A Structural VAR Analysis of Major Currencies
  Jaewoo Lee and Menzie D. Chinn #6495
  
• Optimal CO2 Abatement in the Presence of Induced Technological Change
  Lawrence H. Goulder and Koshy Mathai #6494
  
• Effects of Information Provision in a Vertically Differentiated Market
  Tasneem Chipty and Ann Dryden Witte #6493
  
• Staggered Price Setting and Endogenous Persistence
  Paul R. Bergin and Robert C. Feenstra #6492
  
• Before the Fall: Were East Asian Currencies Overvalued?
  Menzie D. Chinn #6491
  
• Costs of Equity Capital and Model Mispricing
  Lubos Pástor and Robert F. Stambaugh #6490
  

Week of April 10, 1998

• Instrumental Variables Estimation of Quantile Treatment Effects
  Alberto Abadie, Joshua D. Angrist and Guido W. Imbens #T229
  
• Less-Skilled Workers, Welfare Reform, and the Unemployment Insurance System
  Cynthia K. Gustafson and Phillip B. Levine #6489
  
• The Effect of Price Advertising on Prices: Evidence in the Wake of 44 Liquormart
  Jeffrey Milyo and Joel Waldfogel #6488
  
• Applying Behavioral Economics to the Challenge of Reducing Cocaine Abuse
  Stephen T. Higgins #6487
  
• Tobacco Taxes, Smoking Restrictions, and Tobacco Use
  Robert L. Ohsfeldt, Raymond G. Boyle and Eli I. Capilouto #6486
  
• Asset Prices, Consumption, and the Business Cycle
  John Y. Campbell #6485
  
• Using Sentence Enhancements to Distinguish between Deterrence and Incapacitation
  Daniel Kessler and Steven D. Levitt #6484
  
• Multiproduct Multinationals and Reciprocal FDI Dumping
  Richard E. Baldwin and Gianmarco I. P. Ottaviano #6483
  
• Why Are Process Monitoring Technologies Valuable? The Use of On-Board Information Technology in the Trucking Industry
  Thomas N. Hubbard #6482
  
• Differentiated Products Demand Systems from a Combination of Micro Macro Data: The New Car Market
  Steven Berry, James Levinsohn and Ariel Pakes #6481
  
• Thresholds and Context Dependence in Growth
  Atish R. Ghosh and Holger Wolf #6480
  
• Illegal Child Labor in the United States: Prevalence and Characteristics
  Douglas Kruse and Douglas Mahony #6479
  
• Social Security Benefits of Immigrants and U.S. Born
  Alan L. Gustman and Thomas L. Steinmeier #6478
  
• Incremental Trade Policy and Endogenous Growth: A q-Theory Approach
  Richard E. Baldwin and Rikard Forslid #6477
  
• Asset Pricing when Risk Sharing is Limited by Default
  Fernando Alvarez and Urban J. Jermann #6476
  
• Total Factor Productivity Growth in the Canadian Life Insurance Industry: 1979-1989
  Jeffrey I. Bernstein #6475
  

Week of April 3, 1998

• Negative Expected Value Suits
  Lucian Arye Bebchuk #6474
  
• Chapter 11
  Lucian Arye Bebchuk #6473
  
• The Uneasy Case for the Priority of Secured Claims in Bankruptcy: Further Thoughts and a Reply to Critics
  Lucian Arye Bebchuk and Jesse Fried #6472
  
• Is the Price Level Determined by the Needs of Fiscal Solvency?
  Matthew B. Canzoneri, Robert E. Cumby and Behzad T. Diba #6471
  
• Government Debt
  Douglas W. Elmendorf and N. Gregory Mankiw #6470
  
• Financial Fragility and the Exchange Rate Regime
  Roberto Change and Andres Velasco #6469
  
• Current Account Sustainability in Transition Economies
  Nouriel Roubini and Paul Wachtel #6468
  
• Stock Repurchases and Incentive Compensation
  Christine Jolls #6467
  
• Consumption Demand
  Orazio P. Attanasio #6466
  
• Transition to and Tax Rate Flexibility in a Cash-Flow Type Tax
  David F. Bradford #6465
  

Week of March 27, 1998

• Much Ado About Two: Reconsidering Retransformation and the Two-Part Model in Health Econometrics
  John Mullahy #T228
  
• Net Health Benefits: A New Framework for the Analysis of Uncertainty in Cost-Effectiveness Analysis
  Aaron A. Stinnett and John Mullahy #T227
  
• The Cost-Effectiveness of Alternative Instruments for Environmental Protection in a Second-Best Setting
  Lawrence H. Goulder, Ian W. H. Parry, Roberton C. Williams III and Dallas Burtraw #6464
  
• An Empirical Analysis of the Potential for Market Power in California's Electricity Industry
  Severin Borenstein and James Bushnell #6463
  
• Tax Policy and Human Capital Formation
  James J. Heckman, Lance Lochner and Christopher Taber #6462
  
• The Value of MFN Treatment
  Madanmohan Ghosh, Carlo Perroni and John Whalley #6461
  
• The Institutional Context and Manufacturing Performance: The Case of the US Defense Industrial Network
  Maryellen R. Kelley and Cynthia R. Cook #6460
  
• Agglomeration and Endogenous Capital
  Richard E. Baldwin #6459
  
• Global Income Divergence, Trade and Industrialization: The Geography of Growth Take-Offs
  Richard E. Baldwin, Philippe Martin and Gianmarco I. P. Ottaviano #6458
  
• Household Savings in Transition Economies
  Cevdet Denizer and Holger C. Wolf #6457
  
• Indeterminacy, Bubbles, and the Fiscal Theory of Price Level Determination
  Bennett T. McCallum #6456
  
• The Financial Accelerator in a Quantitative Business Cycle Framework
  Ben Bernanke, Mark Gertler and Simon Gilchrist #6455
  
• A Theory of Wage and Promotion Dynamics in Internal Labor Markets
  Robert Gibbons and Michael Waldman #6454
  
• Universal Service in the Digital Age: The Commercialization and Geography of US Internet Access
  Shane Greenstein #6453
  

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