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 March 22, 2010 - March 28, 2010

Durable consumption and asset management with transaction and observation costs

Revisiting U. S. Productivity Growth over the Past Century with a View of the Future

Information, analysts, and stock return comovement

Estimating Network Economies in Retail Chains: A Revealed Preference Approach

The Consequences of Entrepreneurial Finance: A Regression Discontinuity Analysis

The Predictive Content of Commodity Futures

Insuring Consumption Using Income-Linked Assets

Alcohol Regulation and Crime

Human Capital Development Before Age Five

Microeconomic Evidence on Price-Setting

Regulating Abortion: Impact on Patients and Providers in Texas

The Influence of the Home Ownersâ Loan Corporation on Housing Markets During the 1930s

The Effect of Health Insurance Coverage on the Use of Medical Services

The Redistributional Impact of Non-linear Electricity Pricing

Limits of Arbitrage: The State of the Theory

Large Scale Institutional Changes: Land Demarcation Within the British Empire

"Loans for Shares" Revisited

On the Taxation of Private Transfers

Week of March 15, 2010 - March 21, 2010

Constrained Job Matching: Does Teacher Job Search Harm Disadvantaged Urban Schools?

This Time is Different Chartbook: Country Histories on Debt, Default, and Financial Crises

Home Computer Use and the Development of Human Capital

The Relationship Between Health and Growth: When Lucas Meets Nelson-Phelps

Disruption, Achievement and the Heterogeneous Benefits of Smaller Classes

Measuring the Impact of Health Insurance on Levels and Trends in Inequality

Sovereign Debt Risk Premia and Fiscal Policy in Sweden

Market Response to Policy Initiatives during the Global Financial Crisis

Analyzing the Spectrum of Asset Returns: Jump and Volatility Components in High Frequency Data

Cash Flow Multipliers and Optimal Investment Decisions

Stressed not Frozen: The Fed Funds Market in the Financial Crisis

Optimal retirement benefit guarantees

International reserves and swap lines: substitutes or complements?

Week of March 8, 2010 - March 14, 2010

Identifying Effective Classroom Practices Using Student Achievement Data

Reassessing FHA Risk

Involuntary Unemployment and the Business Cycle

Simple Analytics and Empirics of the Government Spending Multiplier and Other âKeynesianâ Paradoxes

Decoding Microsoft: Intangible Capital as a Source of Company Growth

Public vs. Private Provision of Charity Care? Evidence from the Expiration of Hill-Burton Requirements in Florida

Water Markets: Australia's Murray-Darling Basin and the US Southwest

Are Pink Slips Better Than Flu Shots? The Effects of Employment on Influenza Rates

From Financial Crash to Debt Crisis

The Credibility Revolution in Empirical Economics: How Better Research Design is Taking the Con out of Econometrics

Agricultural Innovation

Financial constraints and innovation: Why poor countries don't catch up

The Effects of Oil Price Changes on the Industry-Level Production and Prices in the U.S. and Japan

Equilibrium Fictions: A Cognitive Approach to Societal Rigidity

Property Rights, Land Conflict and Tenancy in Brazil

Week of March 1, 2010 - March 7, 2010

How Much Is Employment Increased by Cutting Labor Costs? Estimating the Elasticity of Job Creation

Family Status Transitions, Latent Health, and the Post-Retirement Evolution of Assets

Analytical General Equilibrium Effects of Energy Policy on Output and Factor Prices

Questions and Answers about the Financial Crisis

Empirical Industrial Organization: A Progress Report

Optimal Interventions in Markets with Adverse Selection

On the ease of overstating the fiscal stimulus in the US, 2008-9

Rational-Expectations Equilibrium in Intermediate Good Markets

"Unfunded Liabilities" and Uncertain Fiscal Financing

Prices and Cigarette Demand: Evidence from Youth Tobacco Use in Developing Countries

Terms of Trade Shocks and Fiscal Cycles

Integration and Information: Markets and Hierarchies Revisited

Health, Income, and the Timing of Education Among Military Retirees

Foreclosures, Enforcement, and Collections under the Federal Mortgage Modification Guidelines

African Poverty is Falling...Much Faster than You Think!

Correlated Disturbances and U.S. Business Cycles

Imperfect Information and Aggregate Supply

Students Choosing Colleges: Understanding the Matriculation Decision at a Highly Selective Private Institution

Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Policy

Great Inflation and Central Bank Independence in Japan

Week of February 22, 2010 - February 28, 2010

The Market for Bank Stocks and the Rise of Deposit Banking in New York City, 1866-1897

Unwilling or Unable to Cheat? Evidence from a Randomized Tax Audit Experiment in Denmark

The Supply Side of Innovation: H-1B Visa Reforms and US Ethnic Invention

Measuring What Employers Really Do about Entry Wages over the Business Cycle

The Tax Exclusion for Employer-Sponsored Health Insurance

Self-Selection and International Migration: New Evidence from Mexico

Labor Market Frictions as a Source of Comparative Advantage, with Implications for Unemployment and Inequality

Central Bank Dollar Swap Lines and Overseas Dollar Funding Costs

The Inflation-Output Trade-off with Downward Wage Rigidities

How Does Life Settlement Affect the Primary Life Insurance Market?

Clustering, Spatial Correlations and Randomization Inference

Capital Flows, Consumption Booms and Asset Bubbles: A Behavioural Alternative to the Savings Glut Hypothesis

The Return of the Wage Phillips Curve

Optimal Target Criteria for Stabilization Policy

Which Parts of Globalization Matter for Catch-up Growth?

Industry Evidence on the Effects of Government Spending

What Determines European Real Exchange Rates?

Public Avoidance and the Epidemiology of novel H1N1 Influenza A

Intermediation and Economic Integration

Intermediated Trade

Globalization, Markups, and the U.S. Price Level

The Political Economy of Indirect Control

Family Values and the Regulation of Labor

A Shred of Credible Evidence on the Long Run Elasticity of Labor Supply

Earnings Determination and Taxes: Evidence from a Cohort Based Payroll Tax Reform in Greece

Old Europe ages: Reforms and Reform Backlashes

Commodity prices, commodity currencies, and global economic developments

Policies to Create and Destroy Human Capital in Europe

Economics of estate taxation: a brief review of theory and evidence

Week of February 15, 2010 - February 21, 2010

Who Benefits from KIPP?

The Consumption Response to Income Changes

Watchdog or Lapdog? Media and the U.S. Government

The Business Cycle and Health Behaviors

Sources of Variation in Holding Returns for Fed Funds Futures Contracts

Vintage Capital and Creditor Protection

On the Relative Pricing of long Maturity S&P 500 Index Options and CDX Tranches

Is Credit Event Risk Priced? Modeling Contagion via the Updating of Beliefs.

University-Industry Spillovers, Government Funding, and Industrial Consulting

Exits from Recessions: The U.S. Experience 1920-2007

Securitization without risk transfer

Modeling College Major Choices using Elicited Measures of Expectations and Counterfactuals

Estimating the Technology of Cognitive and Noncognitive Skill Formation

Week of February 8, 2010 - February 14, 2010

Beyond the Classroom: Using Title IX to Measure the Return to High School Sports

Liquidity, Institutional Quality and the Composition of International Equity Flows

Women's Education and Family Behavior: Trends in Marriage, Divorce and Fertility

A Theory-Based Approach to Hedonic Price Regressions with Time-Varying Unobserved Product Attributes: The Price of Pollution

Generic Utilization Rates, Real Pharmaceutical Prices, and Research and Development Expenditures

A Stitch in Time: The Effects of a Novel Incentive-Based High-School Intervention on College Outcomes

Further Comments on The Impact of the Asian Miracle on the Theory of Economic Growth

The Effects of Relative Food Prices on Obesity â Evidence from China: 1991-2006

Consumption Risk-sharing in Social Networks

Risk and Global Economic Architecture: Why Full Financial Integration May Be Undesirable

Temperature and the Allocation of Time: Implications for Climate Change

Interval Estimation of Potentially Misspecified Quantile Models in the Presence of Missing Data

Do Principals Fire the Worst Teachers?

Week of February 1, 2010 - February 7, 2010

Simple Analytics of the Government Expenditure Multiplier

Spatial Competition and Cross-border Shopping: Evidence from State Lotteries

What Determines Productivity?

Climate Shocks and Exports

Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets

Limited Capital Market Participation and Human Capital Risk

Bankruptcy and the Collateral Channel

Can Mentoring Help Female Assistant Professors? Interim Results from a Randomized Trial

The Role of Intermediaries in Facilitating Trade

The Political Resource Curse

Manumission in Nineteenth Century Virginia

Inaccurate age and sex data in the Census PUMS files: Evidence and Implications

Interest Rate Risk and Other Determinants of Post-WWII U.S. Government Debt/GDP Dynamics

So you want to run an experiment, now what? Some Simple Rules of Thumb for Optimal Experimental Design

Envy, Altruism, and the International Distribution of Trade Protection

The Elasticity of Demand With Respect to Product Failures; or Why the Market for Quack Medicines Flourished for More Than 150 Years

Detecting Crowded Trades in Currency Funds

Property Rights and Parliament in Industrializing Britain

A Patchwork Safety Net: A Survey of Cliometric Studies of Income Maintenance Programs in the United States in the First Half of the Twentieth Century

Pay-to-Bid Auctions

Political Limits to Globalization

Institutions, Factor Prices and Taxation: Virtues of Strong States?

Modeling the Impact of Warming in Climate Change Economics

Does Prescription Drug Adherence Reduce Hospitalizations and Costs?

Is the Spurious Regression Problem Spurious?

Asymmetric Information and the Demand for Voluntary Health Insurance in Europe

The Cross-Section and Time-Series of Stock and Bond Returns

Let them Have Choice: Gains from Shifting Away from Employer-Sponsored Health Insurance and Toward an Individual Exchange

Insider Econometrics: Empirical Studies of How Management Matters

Week of January 25, 2010 - January 31, 2010

How general are risk preferences? Choices under uncertainty in different domains.

U.S. Growth in the Decade Ahead

Europe's tired, poor, huddled masses: Self-selection and economic outcomes in the age of mass migration

Educational Expectations and Attainment

The Effect of Uncertain Labor Income and Social Security on Life-cycle Portfolios

Aggregate Implications of Labor Market Distortions: The Recession of 2008-9 and Beyond

Latin American Growth-Inequality Trade-Offs: The Impact of Insurgence and Independence

Globalization, Trade & Wages: What Does History tell us about China?

Explaining the Rise in Educational Gradients in Mortality

From Shame to Game in One Hundred Years: An Economic Model of the Rise in Premarital Sex and its De-Stigmatization

Implications for Energy Innovation from the chemical industry

Euler-Equation Estimation for Discrete Choice Models: A Capital Accumulation Application

Rollover Risk and Market Freezes

Innovation and Climate Policy

Rational Ignorance in Education: A Field Experiment in Student Plagiarism

Peer Migration in China

Searching for Irving Fisher

Did Frederick Brodie Discover the World's First Environmental Kuznets Curve? Coal Smoke and the Rise and Fall of the London Fog

Human Capital, Endogenous Information Acquisition, and Home Bias in Financial Markets

Oil and Democracy in Russia

Heterogeneous Harm vs. Spatial Spillovers: Environmental Federalism and US Air Pollution

Research in Accounting for Income Taxes

Who Owns Children and Does it Matter?

Interpreting the Unconventional U.S. Monetary Policy of 2007-09

The Effect of Employment Protection on Worker Effort: Evidence from Public Schooling

Week of January 18, 2010 - January 24, 2010

Innovators: Architects

Wholesalers and Retailers in U.S. Trade (Long Version)

Managerial Beliefs and Corporate Financial Policies

Intended and Unintended Effects of Youth Bicycle Helmet Laws

Real-Time Macroeconomic Monitoring: Real Activity, Inflation, and Interactions

Targeted Savings and Labor Supply

Can we infer social preferences from the lab? Evidence from the trust game

Rollover Risk and Credit Risk

Asset Fire Sales and Credit Easing

Efficient Regulation

Securitization in the 1920's

Terminal Care and The Value of Life Near Its End

Calorie Posting in Chain Restaurants

Finance and Misallocation: Evidence from Plant-level Data

On the Size of the Active Management Industry

The Great Recession and the Great Depression

Quality Disclosure and Certification: Theory and Practice

Growth in a Time of Debt

New Trade Models, Same Old Gains?

Adjustment Costs, Firm Responses, and Labor Supply Elasticities: Evidence from Danish Tax Records

Bounds on Elasticities with Optimization Frictions: A Synthesis of Micro and Macro Evidence on Labor Supply

Week of January 11, 2010 - January 17, 2010

Elected Versus Appointed Policymakers: Evidence from City Treasurers

Virtual Borders: Online Nominal Rigidities and International Market Segmentation

Identification in Differentiated Products Markets Using Market Level Data

The Long Reach of Childhood Health and Circumstance: Evidence from the Whitehall II Study

Employee Spinoffs and Other Entrants: Stylized Facts from Brazil

Causes and Consequences of Early Life Health

The "Other" Imbalance and the Financial Crisis

Quality Provision, Expected Firm Altruism and Brand Extensions

Danger on the Exchange: How Counterparty Risk Was Managed on the Paris Bourse in the Nineteenth Century

The Impact of Comparative Effectiveness Research on Health and Health Care Spending

Private Equity and Industry Performance

The Degree of Judicial Enforcement and Credit Markets: Evidence from Japanese Household Panel Data

Falling Behind the Curve: A Positive Analysis of Stop-Start Monetary Policies and the Great Inflation

Liaisons Dangereuses: Increasing Connectivity, Risk Sharing, and Systemic Risk

Week of January 4, 2010 - January 10, 2010

Testing for Altruism and Social Pressure in Charitable Giving

Labor Regulations and European Private Equity

Estimated Impact of the Fed's Mortgage-Backed Securities Purchase Program

The Trade Creation Effect of Immigrants: Evidence from the Remarkable Case of Spain

The Micro-Macro Disconnect of Purchasing Power Parity

The Behavioralist Visits the Factory: Increasing Productivity Using Simple Framing Manipulations

Measuring the Returns to R&D

The Greenness of China: Household Carbon Dioxide Emissions and Urban Development

Estimation of De Facto Flexibility Parameter and Basket Weights in Evolving Exchange Rate Regimes

Connective Capital as Social Capital: The Value of Problem-Solving Networks for Team Players in Firms
Casey Ichniowski and Kathryn L. Shaw #15619 ( LS PR)

Week of December 28, 2009 - January 3, 2010

Recent Russian Debate on Moving from VAT to Sales Taxes and Its Global Implications

Reputation, Altruism, and the Benefits of Seller Charity in an Online Marketplace

How Large are the Impacts of Carbon Motivated Border Tax Adjustments

Playing With Fire: Cigarettes, Taxes and Competition From the Internet

Checkmate: Exploring Backward Induction Among Chess Players

What Happens in the Field Stays in the Field: Exploring Whether Professionals Play Minimax in Laboratory Experiments

How Do Retirees Value Life Annuities? Evidence from Public Employees

Integrating Retirement Models

Do Trustees and Administrators Matter? Diversifying the Faculty Across Gender Lines

The Enduring Impact of the American Dust Bowl: Short and Long-run Adjustments to Environmental Catastrophe

Trade, Multinational Production, and the Gains from Trade

The Effects of Product Liability Exemption in the Presence of the FDA

Criminal Recidivism after Prison and Electronic Monitoring

The (Dis)saving Behavior of the Aged in Japan

The Good, the Bad and the Average: Evidence on the Scale and Nature of Ability Peer Effects in Schools

Composition of International Capital Flows: A Survey

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