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New This Week Archive

NBER Working Papers released in the past, by week.

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Week of March 27, 2006

Latest NBER Working Papers

• The U.S. Current Account Deficit: Gradual Correction or Abrupt Adjustment?
  Sebastian Edwards #12154 (IFM)
  
• The Diffusion of Development
  Enrico Spolaore and Romain Wacziarg #12153 (EFG)
  
• An Economist Sells Bagels: A Case Study in Profit Maximization
  Steven D. Levitt #12152 (IO)
  
• Why Do IPO Auctions Fail?
  Ravi Jagannathan and Ann E. Sherman #12151 (AP)
  
• Abortion and Selection
  Elizabeth Oltmans Ananat, Jonathan Gruber, Phillip B. Levine and Douglas O. Staiger #12150 (PE, CH)
  
• Household Finance
  John Y. Campbell #12149 (EFG, ME, AP)
  
• Open Source Software: The New Intellectual Property Paradigm
  Stephen M. Maurer and Suzanne Scotchmer #12148 (PR)
  
• Population Aging
  David N. Weil #12147 (AG, LS, PE)
  
• Investment Taxes and Equity Returns
  Clemens Sialm #12146 (CF, AP, PE)
  
• Preferences and Heterogenous Treatment Effects in a Public School Choice Lottery
  Justine S. Hastings, Thomas J. Kane and Douglas O. Staiger #12145 (ED, PE, CH)
  
• Optimal Decentralized Investment Management
  Jules H. van Binsbergen, Micharl W. Brandt and Ralph S.J. Koijen #12144 (AP)
  
• The New Promised Land: Black-White Convergence in The American South, 1960-2000
  Jacob L. Vigdor #12143 (ED, LS)
  
• The Causes of Japan's 'Lost Decade': The Role of Household Consumption
  Charles Yuji Horioka #12142 (EFG, PE)
  
• Illegal Migration from Mexico to the United States
  Gordon H. Hanson #12141 (ITI, LS)
  
• The Dynamics of Age Structure, Dependency, and Consumption
  Heinrich Hock and David N. Weil #12140 (AG, PE)
  
• The Homecoming of the American College Women: The Reversal of the College Gender Gap
  Claudia Goldin, Lawrence F. Katz and Ilyana Kuziemko #12139 (ED, DAE, LS, CH)
  
• Bubbles and Busts: The 1990s in the Mirror of the 1920s
  Eugene N. White #12138 (DAE, ME, AP)
  
• How Occupied France Financed Its Own Exploitation in World War II
  Filippo Occhino, Kim Oosterlinck and Eugene N. White #12137 (DAE)
  
• Flight to Quality and Collective Risk Management
  Ricardo J. Caballero and Arvind Krishnamurthy #12136 (CF, EFG, IFM, ME)
  
• Political Risk versus Market Risk in Social Security
  John G. Shoven and Sita N. Slavov #12135 (AG, PE)
  
• The Thick Market Effect on Housing Markets Transactions
  Li Gan and Qinghua Zhang #12134 (AP)
  
• A Political Theory of the Soft Budget Constraint
  James A. Robinson and Ragnar Torvik #12133 (AG, HE)
  
• Antitrust in the Not-For-Profit Sector
  Tomas J. Philipson and Richard A. Posner #12132 (HE, LE)
  
• Complementarities in Automobile Production
  Johannes Van Biesebroeck #12131 (PR)
  
• Does Neoclassical Theory Account for the Effects of Big Fiscal Shocks? Evidence From World War II
  Ellen R. McGrattan and Lee E. Ohanian #12130 (EFG)
  
• Zombie Lending and Depressed Restructuring in Japan
  Ricardo J. Caballero, Takeo Hoshi and Anil K. Kashyap #12129 (CF, EFG, ME)
  
• Why Does Democracy Need Education?
  Edward L. Glaeser, Giacomo Ponzetto and Andrei Shleifer #12128 (EFG, LE, PE)
  

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Week of March 20, 2006

Latest NBER Working Papers

• Institutional Weakness and Stock Price Volatility
  Galina Hale, Assaf Razin and Hui Tong #12127 (IFM, AP)
  
• Empirical Models of Auctions
  Susan Athey and Philip A. Haile #12126 (IO)
  
• On the Theory of Ethnic Conflict
  Francesco Caselli and Wilbur John Coleman II #12125 (EFG)
  
• Why Do Europeans Smoke More Than Americans?
  David M. Cutler and Edward L. Glaeser #12124 (AG, HE)
  
• The Effects of Retirement on Physical and Mental Health Outcomes
  Dhaval Dave, Inas Rashad and Jasmina Spasojevic #12123 (AG, HE)
  
• Why China is Likely to Achieve its Growth Objectives
  Robert W. Fogel #12122 (EFG)
  
• Distribution Margins, Imported Inputs, and the Sensitivity of the CPI to Exchange Rates
  Linda S. Goldberg and Jose Manuel Campa #12121 (IFM, ITI)
  
• The Impact of New Laboratory Procedures and Other Medical Innovations on the Health of Americans, 1990-2003: Evidence from Longitudinal, Disease-Level Data
  Frank R. Lichtenberg #12120 (HE, PR)
  
• Exploring Links Between Innovation and Diffusion: Adoption of NOx Control Technologies at U.S. Coal-Fired Power Plants
  David Popp #12119 (PR)
  
• The Greenspan Era: Discretion, Rather Than Rules
  Benjamin M. Friedman #12118 (EFG, ME)
  
• Exchange Rate Volatility and Productivity Growth: The Role of Financial Development
  Philippe Aghion, Philippe Bachetta, Romain Ranciere and Kenneth Rogoff #12117 (EFG, IFM, ME)
  
• Learning from Other Economies: The Unique Institutional and Policy Experiments Down Under
  Richard B. Freeman #12116 (LS)
  
• The Narrowing of the U.S. Gender Earnings Gap, 1959-1999: A Cohort-Based Analysis
  Catherine Weinberger and Peter Kuhn #12115 (LS)
  
• Prison-Based Education and Re-Entry into the Mainstream Labor Market
  John H. Tyler and Jeffrey R. Kling #12114 (ED, LS)
  
• Effects of Title IX and Sports Participation on Girls' Physical Activity and Weight
  Robert Kaestner and Xin Xu #12113 (HE, CH)
  
• Testing for Adverse Selection with "Unused Observables"
  Amy Finkelstein and James Poterba #12112 (AP, PE)
  
• Deprivation and Disease in Early Twentieth-Century America
  Karen Clay and Werner Troesken #12111 (AG, HE, DAE)
  

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Week of March 13, 2006

Latest NBER Working Papers

• "Sick of Local Government Corruption? Vote Islamic"
  J. Vernon Henderson and Ari Kuncoro #12110 (PE)
  
• Reconciling the Return Predictability Evidence
  Martin Lettau and Stijn Van Nieuwerburgh #12109 (AP)
  
• Persistence of Power, Elites and Institutions
  Daron Acemoglu and James A. Robinson #12108 (EFG, DAE)
  
• Pay for Short-Term Performance: Executive Compensation in Speculative Markets
  Patrick Bolton, Jose Scheinkman and Wei Xiong #12107 (CF, AP)
  
• Migration and Hedonic Valuation: The Case of Air Quality
  Patrick Bayer, Nathaniel Keohane and Christopher Timmins #12106 (PE)
  
• Public Health Insurance, Program Take-Up, and Child Health
  Anna Aizer #12105 (HC, CH)
  
• Taxes and Growth in a Financially Underdeveloped Country: Evidence from the Chilean Investment Boom
  Chang-Tai Hsieh and Jonathan A. Parker #12104 (CF, EFG, PE)
  
• Dynamic Scoring: Alternative Financing Schemes
  Eric M. Leeper and Shu-Chun Susan Yang #12103 (EFG, PE)
  
• A Health Economy Can Break Your Heart
  Christopher J. Ruhm #12102 (HC)
  
• Phoenix Miracles in Emerging Markets: Recovering without Credit from System Financial Crises
  Guillermo A. Calvo, Alejandro Izquierdo and Ernesto Talvi #12101 (IFM)
  
• A Dynamic Theory of Public Spending, Taxation and Debt
  Marco Battaglini and Stephen Coate #12100 (PE)
  
• Political Conflict and Power-Sharing in the Origins of Modern Colombia
  Sebastian Mazzuca and James A. Robinson #12099 (DAE)
  
• Testing Portfolio Efficiency with Conditioning Information
  Wayne E. Ferson and Andrew F. Siegel (AP)
  
• Friend or Foe? A Natural Experiment of the Prisoner's Dilemma
  John A. List #12097 (PE)
  
• The Impact of Antihypertensive Drugs on the Number and Risk of Death, Stroke and Myocardial Infarction in the United States
  Genia Long, David Cutler, Ernst R. Berndt, Jimmy Royer, Andree-Anne Fournier, Alicia Sasser and Pierre Cremieux #12096 (AG, HE)
  
• Stick Borders
  Gita Gopinath and Roberto Rigobon #12095 (IFM, ITI)
  

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Week of March 6, 2006

Latest NBER Working Papers

• Regression Discontinuity Inference with Specification Error
  David S. Lee and David Card #T322 (TWP)
  
• Innovatoin, Competition and Welfare-Enhancing Monopoly
  Michael R. Darby and Lynne G. Zucker #12094 (PR)
  
• The Persistence of Underdevelopment: Institutions, Human Capital, or Constituencies?
  Raghuram G. Rajan and Luigi Zingales #12093 (EFG, LE)
  
• War in Iraq versus Containment
  Steven J. Davis, Kevin M. Murphy and Robert H. Topel #12092 (EFG, PE)
  
• Trade, FDI, and the Organization of Firms
  Elhanan Helpman #12091 (ITI)
  

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Week of February 27, 2006

Latest NBER Working Papers

• Is There Hedge Fund Contagion?
  Nicole M. Boyson, Christof W. Stahel, and René M. Stulz #12090 (CF, AP)
  
• Monetary and Fiscal Theories of the Price Level: The Irreconcilable Differences
  Bennett T. McCallum and Edward Nelson #12089 (EFG, ME)
  
• Making it in America: Social Mobility in the Immigrant Population
  George J. Borjas #12088 (LS)
  
• Financial Constraints, Asset Tangibility, and Corporate Investment
  Heitor Almeida and Murillo Campello #12087 (CF)
  
• The Effects of Tort Reform on Medical Malpractice Insurers' Ultimate Losses
  Patricia Born, W. Kip Viscusi, and Tom Baker #12086 (LE)
  
• Immigration in High-Skill Labor Markets: The Impact of Foreign Students on the Earnings of Doctorates
  George J. Borjas #12085 (LS)
  
• Agency-Based Asset Pricing
  Gary Gorton and Ping He #12084 (CF, AP)
  
• Prediction Markets in Theory and Practice
  Justin Wolfers and Eric Zitzewitz #12083 (EFG, AG)
  
• Measuring Trends in Leisure: The Allocation of Time Over Five Decades
  Mark Aguiar and Erik Hurst #12082 (EFG, LS)
  
• The Depressing Effect of Agricultural Institution on the Prewar Japanese Economy
  Fumio Hayashi and Edward C. Prescott #12081 (EFG, PR)
  
• Insurance and Incentives for Medical Innovation
  Alan M. Garber, Charles I. Jones, and Paul M. Romer #12080 (AG, HC)
  
• Why Have Business Cycle Fluctuations Become Less Volatile?
  Andres Arias, Gary D. Hansen, and Lee E. Ohanian #12079 (EFG)
  
• Racial Segregation and the Black-White Test Score Gap
  David Card and Jesse Rothstein #12078 (ED, CH)
  
• Post-Secondary Education and Increasing Wage Inequality
  Thomas Lemieux #12077 (ED, LS)
  
• Discretionary Policy and Multiple Equilibria
  Robert G. King #12076 (EFG)
  
• Asset Prices When Agents are Marked-to-Market
  Gary Gorton, Ping He, and Lixin Huang #12075 (AP, CF)
  
• Are Prudential Supervision and Regulation Pillars of Financial Stability? Evidence from the Great Depression
  Kris James Mitchener #12074 (DAE)
  
• Partisan Impacts on the Economy: Evidence from Prediction Markets and Close Elections
  Erik Snowberg, Justin Wolfers, and Eric Zitzewitz #12073 (EFG, AP)
  
• Recent Chinese Buyout Activity and Implications for Global Architecture
  Agata Antkiewicz and John Whalley #12072 (ITI)
  
• Employee Screening: Theory and Evidence
  Fali Huang and Peter Cappelli #12071 (LS)
  
• Environmental Investment and Policy with Distortionary Taxes and Endogenous Growth
  Don Fullerton and Seung-Rae Kim #12070 (PE)
  

  Chapters for Forthcoming NBER Books

  "Endogenous Financial and Trade Openness in a Volatile World"
  Joshua Aizenman and Ilan Noy
  "Ineffective Controls on Capital Inflows under Sophisticated Financial Markets: Brazil in the Nineties"
  Bernardo S. de M. Carvalho and Márcio G. P. Garcia
  "Financial Openness, Crises and Output Losses"
  Sebastian Edwards
  "The International CAPM and a Wavelet-based Decomposition of Value at Risk"
  Viviana Fernandez
  "Internationalization and Stock Market Liquidity"
  Ross Levine and Sergio Schmukler
  "Zombie Lending and Depressed Restructuring in Japan"
  Ricardo J. Caballero, Takeo Hoshi and Anil Kashyap
  "Judicial Risk and Creditor Expropriation: Micro Evidence from Brazilian Payroll Loans"
  Ana Carla A. Costa and João Manoel Pinho De Mello
  "Liquidity Insurance in Financially Dollarized Economies"
  Eduardo Levy Yeyati
  "Sudden Stops and IMF Programs"
  Barry Eichengreen, Poonam Gupta and Ashoka Mody

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Week of February 20, 2006

Latest NBER Working Papers

• Looking Beyond TRIA: A Clinical Examination of Potential Terrorism Loss Sharing
  Howard Kunreuther and Erwann Michel-Kerjan #12069 (PE)
  
• CEO Turnover and Relative Performance Evaluation
  Dirk Jenter and Fadi Kanaan #12068 (CF, LS)
  
• A Bound on Risk Aversion Using Labor Supply Elasticities
  Raj Chetty #12067 (EFG, LS, AP, PE)
  
• Testing for Racial Differences in the Mental Ability of Young Children
  Roland G. Fryer, Jr. and Steven D. Levitt #12066 (LS)
  
• Inside the Black Box of Doctoral Education: What Program Characteristics Influence Doctoral Students' Attrition and Graduation Probabilities?
  Ronald G. Ehrenberg, George H. Jakubson, Jeffrey Groen, Eric So, and Joseph Price #12065 (LS, ED)
  
• Program Design and Student Outcomes in Graduate Education
  Jeffrey Groen, George H. Jakubson, Ronald G. Ehrenberg, Scott Condie, and Albert Yung-Hsu #12064 (LS, ED)
  
• Putting Behavioral Economics to Work: Testing for Gift Exchange in Labor Markets Using Field Experiments
  Uri Gneezy and John A. List #12063 (LS, PE)
  
• Unhappiness After Hurricane Katrina
  Miles Kimball, Helen Levy, Fumio Ohtake, and Yoshiro Tsutsui #12062 (EFG, HC)
  
• Taxation
  Louis Kaplow #12061 (LE, PE)
  

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Week of February 13, 2006

Latest NBER Working Papers

• Five Open Questions About Prediction Markets
  Justin Wolfers and Eric Zitzewitz #12060 (EFG, AP)
  
• The Making of an Investment Banker: Macroeconomic Shocks, Career Choice, and Lifetime Income
  Paul Oyer #12059 (CF, LS)
  
• The Most Important Works of Art of the Twentieth Century
  David W. Galenson #12058 (LS, PR)
  
• Some Answers to the Retirement-Consumption Puzzle
  Michael D. Hurd and Susann Rohwedder #12057 (EFG, AG)
  
• Single Parenthood and Childhood Outcomes in the Mid-Nineteenth Century Urban South
  Howard Bodenhorn #12056 (DAE, CH)
  
• Estimating and Testing Beta Pricing Models: Alternative Methods and Their Performance in Simulations
  Jay Shanken and Guofo Zhou #12055 (AP)
  
• The Economic Costs of the Iraq War An Appraisal Three Years after the Beginning of the Conflict
  Linda Bilmes and Joseph E. Stiglitz #12054 (PE)
  
• Competing Approaches to Forecasting Elections: Economic Models, Opinion Polling and Prediction Markets
  Andrew Leigh and Justin Wolfers #12053 (EFG, AP)
  
• New Measures of Port Efficiency Using International Trade Data
  Bruce A. Blonigen and Wesley W. Wilson #12052 (ITI)
  
• Bidding for Incomplete Contracts: An Empirical Analysis
  Patrick Bajari, Stephanie Houghton, and Steve Tadelis #12051 (IO)
  
• A Framework for Assessing Corporate Governance Reform
  Benjamin E. Hermalin and Michael S. Weisbach #12050 (CF)
  
• Who Adjusts and When? On the Political Economy of Reforms
  Alberto Alesina, Silvia Ardagna, and Francesco Trebbi #12049 (EFG, PE)
  
• State Age Protection Laws and the Age Discrimination in Employment Act
  Joanna Lahey #12048 (AG, LS)
  
• The Causes of Political Integration: An Application to School Districts
  Nora Gordon and Brian Knight #12047 (ED, PE)
  
• Why Did U.S. Market Hours Boom in the 1990s?
  Ellen McGrattan and Edward Prescott #12046 (EFG, LS)
  
• Exports and Slow Economic Growth in the Lower South Region, 1720-1800
  Peter C. Mancall, Joshua L. Rosenbloom, and Thomas Weiss #12045 (DAE)
  
• Offshore Financial Centers: Parasites or Symbionts?
  Andrew K. Rose and Mark M. Spiegel #12044 (IFM, ME, PR)
  

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Week of February 6, 2006

Latest NBER Working Papers

• Estimating Macroeconomic Models: A Likelihood Approach
  Jesus Fernandez-Villaverde and Juan F. Rubio-Ramirez #T321 (TWP)
  
• Semiparametric Estimation of a Dynamic Game of Incomplete Information
  Patrick Bajari and Han Hong #T320 (TWP)
  
• Urban Poverty, School Attendance, and Adolescent Labor Force Attachment: Some Historical Evidence
  Howard Bodenhorn #12043 (ITI)
  
• Investment Under Uncertainty and Time-Inconsistent Preferences
  Steven R. Grenadier and Neng Wang #12042 (AP)
  
• Sorting in Experiments with Application to Social Preferences
  Edward Lazear, Ulrike Malmendier, and Roberto Weber #12041 (LS, PE)
  
• How Do the Better Educated Do It? Socioeconomic Status and the Ability to Cope with Underlying Impairment
  David M. Cutler, Mary Beth Landrum, and Kate A. Stewart #12040 (AG, HC)
  
• PublicationHarvester: An Open-Source Software Tool for Science Policy Research
  Pierre Azoulay, Andrew Stellman, Joshua Graff Zivin #12039 (HC, HE)
  
• Economic Transformation, Population Growth and the Long-Run World Income Distribution
  Marcos Chamon and Michael Kremer #12038 (EFG, LS)
  
• Special Interest Groups and the Allocation of Public Funds
  Monica Singhal #12037 (PE)
  
• Housing, Consumption, and Asset Pricing
  Monika Piazzesi, Martin Schneider, and Selale Tuzel #12036 (AP, EFG, ME)
  
• Legal-Political Factors and the Historical Evolution of the Finance-Growth Link
  Michael D. Bordo and Peter L. Rousseau #12035 (DAE, EFG, LS)
  
• And Now for Something Completely Different: The Versatility of Conceptual Innovators
  David W. Galenson #12034 (LS)
  
• Optimal Tariffs: The Evidence
  Christian Broda, Nuno Limao, and David E. Weinstein #12033 (ITI)
  
• Turbulent Firms, Turbulent Wages?
  Diego Comin, Erica L. Goshen, and Bess Rabin #12032 (EFG, LS)
  
• The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India
  Philippe Aghion, Robin Burgess, Stephen Redding, and Fabrizio Zilibotti #12031 (EFG)
  
• Down or Out: Assessing the Welfare Costs of Household Investment Mistakes
  Laurent E. Calvet, John Y. Campbell, and Paolo Sodini #12030 (EFG, AP)
  
• Cost Should be No Barrier: An Evaluation of the First Year of Harvard's Financial Aid Initiative
  Christopher Avery, Caroline Hoxby, Clement Jackson, Kaitlin Burek, Glenn Pope, and Mridula Raman #12029 (ED)
  
• Durable Goods and Conformity
  Christopher L. House and Emre Ozdenoren #12028 (IO)
  
• The Effects of Entry on Incumbent Innovation and Productivity
  Philippe Aghion, Richard Blundell, Rachel Griffith, Peter Howitt, and Susanne Prantl #12027 (EFG, IO, PR)
  
• The Dog that Did Not Bark: A Defense of Return Predictability
  John H. Cochrane #12026 (AP)
  
• Geographic Spillover of Unionism
  Thomas J. Holmes #12025 (LS)
  
• Pervasive Stickiness (Expanded Version)
  N. Gregory Mankiw and Ricardo Reis #12024 (EFG, ME)
  
• India's Patterns of Development: What Happened, What Follows
  Kalpana Kochhar, Utsav Kumar, Raghuram Rajan, Arvind Krishnamurthy, and Ioannis Tokatlidis #12023 (EFG, IFM)
  
• The Time Varying Volatility of Macroeconomic Fluctuations
  Alejandro Justiniano and Giorgio E. Primiceri #12022 (EFG, ME)
  
• Does Television Rot Your Brain? ew Evidence from the Coleman Study
  Matthew Gentzkow and Jesse M. Shapiro #12021 (CH, ED, LS)
  
• Valuation in Over-the-Counter Markets
  Darrell Duffie, Nicolae Garleanu, and Lasse Heje Pedersen #12020 (AP)
  

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Week of January 30, 2006

Latest NBER Working Papers

• Ugly Criminals
  Naci Mocan and Erdal Tekin #12019 (CH, HE, LS)
  
• Bias Corrected Estimates of GED Returns
  James J. Heckman and Paul A. LaFontaine #12018 (CH, ED, LS, PE)
  
• Optimal Value and Growth Tilts in Long-Horizon Portfolios
  Jakub W. Jarek and Luis M. Viceira #12017 (AP)
  
• Surplus Appropriation from R&D and Health Care Technology Assessment Procedures
  Thomas J. Philipson and Anupam B. Jena #12016 (HC, IO)
  
• Do Hot Hands Persist Among Hedge Fund Managers? An Empirical Evaluation
  Ravi Jagannathan, Alexey Malakhov, and Dmitry Novikov #12015 (AP)
  
• Optimal Market Timing
  Erica X. N. Li, Dmitry Livdan, and Lu Zhang #12014 (AP)
  
• Estimating Static Models of Strategic Interaction
  Patrick Bajari, Han Hong, John Krainer, and Denis Nekipelov #12013 (IO)
  
• State Casket Sales and Restrictions: A Pointless Undertaking?
  Judith Chevalier and Fiona Scott Morton #12012 (IO)
  
• A Short Note on the Size of the Dot-Com Bubble
  J. Bradford DeLong and Konstantin Magin #12011 (AP, ME)
  
• Piracy on the Silver Screen
  Rafael Rob and Joel Waldfogel #12010 (IO, LE)
  
• The Importance of Default Options for Retirement Savings Outcomes: Evidence from the United States
  John Beshears, James J. Choi David Laibson, and Brigitte C. Madrian #12009 (AG, EFG, PE)
  
• Perverse Incentives in the Medicare Prescription Drug Benefit
  David McAdams and Michael Schwarz #12008 (HC, PE)
  
• Trends in Intergenerational Income Mobility
  Chul-In Lee and Gary Solon #12007 (LS)
  
• The Effects of Cognitive and Noncognitive Abilities on Labor Market Outcomes and Social Behavior
  James J. Heckman, Jora Stixrud, and Sergio Uzrua#12006 (CH, ED)
  
• Is Spanish-Only Schooling Responsible for the Puerto Rican Language Gap?
  Joshua Angrist, Aimee Chin, and Ricardo Godoy #12005 (CH, ED)
  
• Typically Unobserved Variables (TUVs) and Selection into Prenatal Inputs: Implications for Estimating Infant Health Production Functions
  Nancy E. Reichman, Hope Corman, Kelly Noonan, and Dhaval Dave #12004 (HE)
  
• Incarceration Length, Employment, and Earnings
  Jeffrey R. Kling #12003 (LS)
  
• Time to Eat: Household Production Under Increasing Income Inequality
  Daniel S. Hamermesh #12002 (LS)
  
• Regulating Advertisements: The Case of Smoking Cessation Products
  Rosemary J. Avery, Donald S. Kenkel, Dean R. Lillard, and Alan D. Mathios #12001 (HE)
  
• Equilibrium Exhaustible Resource Price Dynamics
  Murray Carlson, Zeigham Khoker, and Sheridan Titman #12000 (AP, CF)
  
• Does Culture Affect Economic Outcomes?
  Luigi Guiso, Paola Sapienza, and Luigi Zingales #11999 (CF, EFG)
  
• Short, Medium, and Long Term Consequences of Poor Infant Health: An Analysis Using Siblings and Twins
  Phil Oreopoulos, Mark Stabile, Randy Walld, and Leslie Roos #11998 (CH, HC)
  
• How Rapidly Does Science Leak Out?
  James D. Adams, J. Roger Clemmons, and Paula E. Stephan #11997 (PR)
  
• An Equilibrium Model of "Global Imbalances and Low Interest Rates
  Ricardo J. Caballero, Emmanuel Farhi, and Pierre-Olivier Gourinchas #11996 (EFG, IFM)
  
• Valuing Consumer Products by the Time Spent Using Them: An Application to the Internet
  Austan Goolsbee and Peter J. Klenow #11995 (EFG, IO, PR)
  
• The Value of Broadband and the Deadweight Loss of Taxing New Technology
  Austan Goolsbee #11994 (IO, PR, PE)
  
• Democracy and Development: The Devil in the Details
  Torsten Persson and Guido Tabellini #11993 (EFG)
  

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Week of January 23, 2006

Latest NBER Working Papers

• Growth, Initial Conditions, Law and Speed of Privatization in Transition Countries: 11 Years Later
  Joseph Stiglitz #11992 (EFG, LE)
  
• Vying for Foreign Direct Investment: A EU-type Model of Tax Competition
  Assaf Razin and Efraim Sadka #11991 (IFM, ITI, PE)
  
• The Roles of High School Completion and GED Receipt in Smoking and Obesity
  Donald S. Kenkel, Dean R. Lillard, and Alan D. Mathios #11990 (CH, HE)
  
• Diagnosing Discrimination: Stock Returns and CEO Gender
  Justin Wolfers #11989 (AP, CF, LE, LS)
  
• How's Your Government? International Evidence Linking Good Government and Well-Being
  John F. Helliwell and Haifang Huang #11988 (EFG)
  
• Measurement Error, Legalized Abortion, and the Decline in Crime: A Response to Foote and Goetz (2005)
  John J. Donohue and Steven D. Levitt #11987 (HE, LE, LS, PE)
  
• The Polarization of the U.S. Labor Market
  David H. Autor, Lawrence F. Katz, and Melissa S. Kearney #11986 (LS)
  
• People People: Social Capital and the Labor Market Outcomes of Underrepresented Groups
  Lex Borghans, Bas ter Weel, and Bruce A. Weinberg #11985 (LS)
  
• Life is Cheap: Using Mortality Bonds to Hedge Aggregate Mortality Risk
  Leora Friedberg and Anthony Webb #11984 (AG, CF, PE)
  
• Securitization and the Declining Impact of Bank Finance on Loan Supply: Evidence from Mortgage Acceptance Rates
  Elena Loutskina and Philip E. Strahan #11983 (CF, ME)
  
• Uses and Abuses of Empirical Evidence in the Death Penalty Debate
  John J. Donohue III and Justin Wolfers #11982 (LE)
  
• Consumer Boycotts: The Impact of the Iraq War on French Wine Sales in the U.S.
  Larry Chavis and Phillip Leslie #11981 (IO)
  

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Week of January 16, 2006

Latest NBER Working Papers

• The U.S. Health Care System and Labor Markets
  Brigitte C. Madrian #11980 (AG, HE, LS, PE)
  
• Reducing the Complexity Costs of 401(k) Participation Through Quick Enrollment(TM)
  James J. Choi, Brigitte C. Madrian, and David Laibson #11979 (EFG, AG, PE)
  
• Comparing the Point Predictions and Subjective Probability Distributions of Professional Forecasters
  Joseph Engelberg, Charles F. Manski, and Jared Williams #11978 (EFG)
  
• The Health Care Safety Net and Crowd-Out of Private Health Insurance
  Anthony T. Lo Sasso and Bruce D. Meyer #11977 (HE, PE)
  
• Consumption, Income, and Material Well-Being After Welfare Reform
  Bruce D. Meyer and James X. Sullivan #11976 (LS, PE)
  
• Health Insurance and the Wage Gap
  Helen Levy #11975 (HE, LS)
  
• Lifecycle Asset Allocation Strategies and the Distribution of 401(k) Retirement Wealth
  James Poterba, Joshua Rauh, Steven Venti, and David Wise #11974 (AG, PE)
  
• Capital Controls: An Evaluation
  Nicolas Magud and Carmen R. Reinhart #11973 (IFM)
  
• The Median Voter and the Median Consumer: Local Private Goods and Residential Sorting
  Joel Waldfogel #11972 (IO)
  
• A Phillips Curve With an Ss Foundation
  Mark Gertler and John Leahy #11971 (EFG, ME)
  
• Incentives and Effort in the Public Sector: Have U.S. Education Reforms Increased Teachers' Work Hours?
  Christiana Stoddard and Peter Kuhn #11970 (ED, LS)
  
• From Forced Busing to Free Choice in Public Schools: Quasi-Experimental Evidence of Individual and General Effects
  Victor Lavy #11969 (ED, LS, CH)
  
• Examining the Effect of the Earned Income Tax Credit on the Labor Market Participation of Families on Welfare
  V. Joseph Hotz, Charles H. Mullin, and John Karl Scholz #11968 (PE, CH)
  
• Private Information, Wage Bargaining and Employment Fluctuations
  John Kennan #11967 (EFG)
  
• Lessons From the Debt-Deflation Theory of Sudden Stops
  Enrique G. Mendoza #11966 (IFM)
  
• Changing the Boston School Choice Mechanism
  Atila Abdulkadiroglu, Parag A. Pathak, Alvin E. Roth, and Tayfun Sonmez #11965 (LE)
  
• Household Ownership of Variable Annuities
  Jeffrey R. Brown and James Poterba #11964 (AG, AP, PE)
  
• The Determinants of Mortality
  David M. Cutler, Angus S. Deaton, and Adriana Lleras-Muney #11963 (AG, HE)
  
• Multi-Period Corporate Default Prediction with Stochastic Covariates
  Darrell Duffie, Ke Wang, and Leandro Saita #11962 (CF, AP)
  
• Common Failings: How Corporate Defaults Are Correlated
  Sanjiv Das, Darrell Duffie, Nikunj Kapadia, and Leandro Saita #11961 (CF, AP)
  
• The Negative Trade-Off Between Risk and Incentives: Evidence from the American Whaling Industry
  Eric Hilt #11960 (DAE)
  
• Dividend Taxes and Firm Valuation: New Evidence
  Alan Auerbach and Kevin Hassett #11959 (PE)
  
• Production Targets
  Guillermo Caruana and Liran Einav #11958 (IO)
  
• Structural Estimation of Caloric Intake, Exercise, Smoking And Obesity
  Inas Rashad #11957 (HE)
  
• Nutrition Labels and Obesity
  Jayachandran N. Variyam and John Cawley #11956 (HE)
  
• The Evolution of Top Incomes: A Historical and International Perspective
  Thomas Piketty and Emmaunel Saez #11955 (PE)
  
• The Long Run Impact of Bombing Vietnam
  Edward Miguel and Gerard Roland #11954 (EFG)
  
• The Quiet Revolution that Transformed Women's Employment, Education, and Family
  Claudia Goldin #11953 (ED, DAE, LS, CH)
  
• The Social Cost of Foreign Exchange Reserves
  Dani Rodrik #11952 (IFM)
  
• Health Insurance Take-Up by the Near Elderly
  Thomas C. Buchmueller and Sabina Ohri #11951 (AG, HE)
  
• The Value of Stock Options to Non-Executive Employees
  Kevin F. Hallock and Craig A. Olsen #11950 (CF, LS)
  
• Did Medicare Induce Pharmaceutical Innovation?
  Daron Acemoglu, David Cutler, Amy Finkelstein, and Joshua Linn #11949 (HE, PR)
  
• Intangible Capital and Economic Growth
  Carol A. Corrado, Charles R. Hulten, and Daniel E. Sichel #11948 (EFG, PR)
  
• What's So Special About China's Exports?
  Dani Rodrik #11947 (ITI)
  
• Assessing the Sources of Changes in the Volatility of Real Growth
  Stephen G. Cecchetti, Alfonso Flores-Lagunes, and Stefan Krause #11946 (EFG, IFM, ME)
  
• A Tax-Based Estimate of the Elasticity of Intertemporal Substitution
  Jonathan Gruber #11945 (EFG, PE)
  
• Innovation and Incentives: Evidence from Corporate R&D
  Josh Lerner and Julie Wolf #11944 (CF, PR)
  
• Life-Cycle Variation in the Association Between Current and Lifetime Earnings
  Steven Haider and Gary Solon #11943 (EFG, LS)
  
• Robust Optimal Policy in a Forward-Looking Model with Parameter and Shock Uncertainty
  Marc P. Giannoni #11942 (ME)
  
• Estimating the Intertemporal Risk-Return Tradeoff Using the Implied Cost of Capital
  Lubos Pastor, Meenakshi Sinha, and Bhaskaran Swaminthan #11941 (AP)
  
• Modeling Inefficient Institutions
  Daron Acemoglu #11940 (EFG)
  

  Chapters for Forthcoming NBER Books

  Comment by Yasushi Iwamoto on "Simulating the Demographic, Fiscal, and Economic Transition Paths of the U.S., EU, Japan, and China"
  by Hans Fehr, Sabine Jokisch and Laurence J. Kotlikoff
  "Splitting Tax Refunds and Building Savings: An Empirical Text"
  Peter Tufano, Sondra Beverly and Daniel Schneider
  "Fiscal and Generational Imbalances: An Update"
  Jagadeesh Gokhale and Kent Smetters
  Introduction to "Innovation Policy and the Economy," Volume 6
  edited by Adam B. Jaffe, Josh Lerner and Scott Stern
  "Policy Implications of Weak Patent Rights"
  James J. Anton, Hilary Greene and Dennis A. Yao
  "Innovation and Its Discontents"
  Adam B. Jaffe and Josh Lerner
  "Consumer Benefit from Use of the Internet"
  Fiona Scott Morton
  "Opportunities for Improving the Drug Development Process: Results from a Survey of Industry and the FDA"
  Ernst R. Berndt, Adrian H.B. Gottschalk and Matthew W. Strobeck
  "Does Globalization of the Scientific/Engineering Workforce Threaten U.S. Economic Leadership?"
  Richard B. Freeman
  "Looking for Mr. Schumpeter: Where Are We in the Competition-Innovation Debate?"
  Richard Gilbert

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Week of January 9, 2006

Latest NBER Working Papers

• Evaluating the Differential Effects of Alternative Welfare-to-Work Training Components: A Re-Analysis of the California GAIN Program
  V. Joseph Hotz, Guido W. Imbens, and Jacob A. Klerman #11939 (LS)
  
• Private Profits and Public Health: Does Advertising Smoking Cessation Products Encourage Smokers to Quit?
  Rosemary Avery, Donald Kenkel, Dean R. Dillard, and Alan Mathios #11938 (HE)
  
• Strategic Information Disclosure: the Case of Multi-Attribute Products with Heterogenous Consumers
  V. Joseph Hotz and Mo Xiao #11937 (IO)
  
• Teacher-Student Matching and the Assessment of Teacher Effectiveness
  Charles T. Clotfelter, Helen F. Ladd, and Jacob L. Vigdor #11936 (ED)
  
• Hyperbolic Discounting of Public Goods
  W. Kip Viscusi and Joel Huber #11935 (HC, LE, PE)
  
• Regulation of Health, Safety, and Environmental Risks
  W. Kip Viscusi #11934 (HC, HE)
  
• Globalization and Developing Countries - Shrinking Tax Base?
  Joshua Aizenman and Yothin Jinjarak #11933 (ITI, PE)
  
• The Long-Term Effects of a Generous Income Support Program: Unemployment Insurance in ew Brunswick and Maine, 1940-1991
  Peter Kuhn and Chris Riddell #11932 (LS, PE)
  
• Steam Power, Establishment Size, and Labor Productivity Growth in Nineteenth Century American Manufacturing
  Jeremy Atack, Fred Bateman, and Robert Margo #11931 (DAE, PR)
  
• IP & External Consumption Effects: Generalizations from Health Care Markets
  Tomas Philipson, Stephanie Mechoulan, and Anupam B. Jena #11930 (HC, PE)
  
• Macroeconomic Derivatives: An Initial Analysis of Market-Based Macro Forecasts, Uncertainty, and Risk
  Refet Gurkaynak and Justin Wolfers #11929 (AP, EFG)
  
• Five Facts You Need to Know About Technology Diffusion
  Diego Comin, Bart Hobijn, and Emilie Rovito #11928 (EFG, PR)
  
• The Political Economy of "Truth-in-Advertising" Regulation During the Progressive Era
  Zeynep Hansen and Marc T. Law #11927 (DAE)
  
• Service Offshoring and Productivity: Evidence from the United States
  Mary Amiti and Shang-Jin Wei #11926 (ITI, PR)
  
• Happiness and the Human Development Index: Australia is Not a Paradox
  Andrew Leigh and Justin Wolfers #11925 (LS)
  
• Female Socialization: How Daughters Affect Their Legislator Fathers' Voting on Women's Issues
  Ebonya Washington #11924 (CH)
  
• The Economics of Climate Change
  Lawrence H. Goulder and William A. Pizer #11923 (PE)
  
• Overconfidence, Subjective Perception and Pricing Behavior
  Pierpaolo Benigno and Anastasios G. Karantounias #11922 (ME)
  
• The U.S. Current Account Deficit and the Expected Share of World Output
  Charles Engel and John H. Rogers #11921 (IFM)
  

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Week of January 2, 2006

Latest NBER Working Papers

• Early Decisions: A Regulatory Framework
  John Beshears, James J. Choi, David Laibson, and Brigitte C. Madrian #11920 (HE, PE)
  
• Capitalizing Patriotism: The Liberty Loans of World War
  Sung Won Kang and Hugh Rockoff #11919 (DAE)
  
• When to Start a Fight and When to Fight Back: Liability Disputes in the Workers Compensation System
  David Card and Brian P. McCall #11918 (LS)
  
• The Impact of Academic Patenting on the Rate, Quality, and Direction of (Public) Research Output
  Pierre Azoulay, Waverly Ding, and Toby Stuart #11917 (PR)
  
• Measuring the Value of a Statistical Life: Problems and Prospects
  Orley Ashenfleter #11916 (LE, LS, PE)
  
• How Black Candidates Affect Voter Turnout
  Ebonya Washington #11915 (PE)
  
• The Impact of Boards with Financial Expertise on Corporate Policies
  A. Burak Guner, Ulrike Malmendier, and Geoffrey Tate #11914 (CF, LS)
  
• On Overborrowing
  Martin Uribe #11913 (EFG, IFM)
  
• Financial Globalization, Corporate Governance, and Eastern Europe
  Rene M. Stulz #11912 (AP, CF)
  
• The Scots May be Brave but They are Neither Healthy Nor Happy
  David Bell and David G. Blanchflower #11911 (HE)
  
• Sticking with Your Vote: Cognitive Dissonance and Voting
  Sendhil Mullainathan and Ebonya Washington #11910 (PE)
  
• Neighborhoods and Academic Achievement: Results from the Moving to Opportunity Experiment
  Lisa Sanbonmatsu, Jeffrey R. Kling, Greg J. Duncan, and Jeanne Brooks-Gunn #11909 (CH, ED)
  

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