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New This Week Archive

NBER Working Papers released in the past, by week.

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Week of September 30, 2002

Latest NBER Working Papers

• International Migration, Self-Selection, and the Distribution of Wages: Evidence from Mexico and the United States
  Daniel Chiquiar and Gordon H. Hanson #9242 (ITI, LS)
  
• The Persistence of Emerging Market Equity Flows
  Jessica Tjornhom Donohue and Kenneth A. Froot #9241 (AP, IFM, ITI)
  
• Decomposing the Twin-peaks in the World Distribution of Output-per-worker
  Paul Beaudry,Fabrice Collard, and David A. Green #9240 (LS, PR)
  
• Political Ideology and Endogenous Trade Policy: An Empirical Investigation
  Pushan Dutt and Devashish Mitra #9239 (ITI)
  
• Access to Physician Services: Does Supplemental Insurance Matter? Evidence from Frace
  Thomas C. Buchmueller, Agnes Coffinhal, Michel Grignon, and Marc Perronnin #9238 (HE)
  
• People's Opium? Religion and Economic Attitudes
  Luigi Guiso, Paola Sapienza, and Luigi Zingales #9237 (CF)
  
• Food Insecurity and Public Assistance
  George J. Borjas #9236 (LS, PE)
  
• Short-Run Demand
  Laurence Ball #9235 (EFG, ME)
  
• Marrying Your Mom: Preference Transmission and Women's Labor and Education Choices
  Raquel Fernandez, Alessandra Fogli, and Claudia Olivetti #9234 (EFG, LS, ED)
  
• A New World Order: Explaining the Emergence of the Classical Gold Standard
  Christopher M. Meissner #9233 (DAE, IFM)
  
• Gary Becker's Contributions to Family and Household Economics
  Robert A. Pollak #9232 (LS)
  
• The Timing of Childbearing among Heterogeneous Women in Dynamic General Equilibrium
  Charles H. Mullin and Ping Wang #9231 (HE)
  
• Suppressing Asset Price Inflation: The Confederate Experience, 1861-1865
  Richard C.K. Burdekin and Marc D. Weidenmier #9230 (DAE)
  
• "Napsterizing" Pharmaceuticals: Access, Innovation, and Consumer Welfare
  James W. Hughes, Michael J. Moore, and Edward A. Snyder #9229 (HC, HE)
  

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Week of September 23, 2002

Latest NBER Working Papers

• Financial Aid Packages and College Enrollment Decisions: An Econometric Case Study
  David M. Linsenmeier, Harvey S. Rosen, and Cecilia Elena Rouse #9228 (CH, LS, PE, ED)
  
• Slavery and the Intergenerational Transmission of Human Capital
  Bruce Sacerdote #W9227 (DAE, LS)
  
• The Effects of Progressive Income Taxation on Job Turnover
  William M. Gentry and R. Glenn Hubbard #9226 (LS, PE)
  
• Why Do Employers Pay For College?
  Peter Cappelli #9225 (LS)
  
• Chains of Ownership, Reginal Tax Competition, and Foreign Direct Investment
  Mihir A. Desai, C. Fritz Foley, and James R. Hines Jr. #9224 (ITI, PE)
  
• Borders and Growth
  Enrico Spolaore and Romain Wacziarg #9223 (IFM)
  
• A Survey of Behavioral Finance
  Nicholas Barberis and Richard Thaler #9222 (AP, CF)
  
• A Fiscal Theory of Sovereign Risk
  Martin Uribe #9221 (EFG, IFM)
  
• Optimal Fiscal and Monetary Policy Under Sticky Prices
  Stephanie Schmitt-Grohe and Martin Uribe #9220 (EFG)
  
• Boom-Bust Cycles in Middle Income Countries: Facts and Explanation
  Aaron Tornell and Frank Westermann #9219 (IFM)
  
• Consistent Expectations, Rational Expectations, Multiple-Solution Indeterminacies, and Least-Squares Learnability
  Bennett T. McCallum #9218 (EFG, ME)
  
• The Time Series of the Cross Section of Asset Prices
  Lior Menzly, Tano Santos, and Pietro Veronesi #9217 (AP)
  
• Get High and Get Stupid: The Effect of Alcohol and Marijuana Use on Teen Sexual Behavior
  Michael Grossman, Robert Kaestner, and Sara Markowitz #9216 (CH, HE)
  
• Insurance, Self-Protection, and the Economics of Terrorism
  Darius Lakdawalla and George Zanjani #9215 (HE, PE)
  
• Valuing and Pricing Retail Leases with Renewal and Overage Options
  Patric H. Hendershott and Charles W.R. Ward #9214 (AP)
  
• Orphans in Africa
  Anne Case, Christina Paxson, and Joseph Ableidinger #9213 (A, CH)
  
• University Research, Industrial R&D, and the Anchor Tenant Hypothesis
  Ajay Agrawal and Iain M. Cockburn #9212 (PR)
  
• A Brazilian Debt-Crisis Model
  Assaf Razin and Efraim Sadka #9211 (IFM)
  
• The Effects of a Baby Boom on Stock Prices and Capitala Accumulation in the Presence of Social Security
  Andrew B. Abel #9210 (A, AP, EFG, PE)
  
• Networks or Neighborhoods? Correlations in the Use of Publicly-Funded Maternity Care in California
  Anna Aizer and Janet Currie #9209 (CH, HC)
  
• Can Free Entry be Inefficient? Fixed Commissions and Social Waste in the Real Estate Industry
  Chang-Tai Hsieh and Enrico Moretti #9208 (EFG, IO)
  
• Household Leverage and the Deductibility of Home Mortgage Interest: Evidence from UK House Purchasers
  Patric H. Hendershott, Dr. Gwilym Pryce, and Dr. Michael White #9207 (PE)
  
• Competition, Payers, and Hospital Quality
  Gautam Gowrisankaran and RobertTown #9206 (HC, PR)
  
• What is the Tradeoff Between Smaller Classes and Teacher Quality?
  Christopher Jepsen and Steven Rivkin #9205 (ED)
  
• FDI Contribution to Capital Flows and Investment in Capacity
  Assaf Razin #9204 (ITI)
  
• The Role for Discretionary Fiscal Policy in a Low Interest Rate Environment
  Martin Feldstein #9203 (EFG, ME, PE)
  
• Does Income Inequality Lead to Consumption Inequality? Evidence and Theory
  Dirk Krueger and Fabrizio Perri #9202 (EFG, LS)
  
• Is Trade Good or Bad for the Environment? Sorting Out the Causality
  Jeffrey A. Frankel and Andrew K. Rose #9201 (ITI, EE)
  

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More new working papers for week of September 16, 2002

Latest NBER Working Papers

• Affine Processes and Applications in Finance
  D. Duffie, D. Filipovic and W. Schachermayer #T281 (TWP)
  
• Identification and Inference in Nonlinear Difference-In-Differences Models
  Susan Athey and Guido W. Imbens #T280 (TWP)
  
• Do Trust and Trustworthiness Pay Off?
  Joel Slemrod and Peter Katuscak #9200 (PE)
  
• Integration of Unemployment Insurance with Retirement Insurance
  Joseph Stiglitz and Jungyoll Yun #9199 (LS, PE)
  
• The Social and Economic Impact of Native American Casinos
  William N. Evans and Julie H. Topoleski #9198 (PE)
  
• The Impact of Income on Mortality: Evidence from the Social Security Notch
  Stephen E. Snyder and William N. Evans #9197 (A, HE)
  
• Precautionary Saving and Consumption Fluctuations
  Jonathan A. Parker and Bruce Preston #9196 (EFG, ME)
  
• Understanding Individual Account Guarantees
  Marie-Eve Lachance and Olivia S. Mitchell #9195 (A, PE)
  
• Flexibility and Job Creation: Lessons for Germany
  James J. Heckman #9194 (EFG, LS, PR)
  
• Abortion Legalization and Adolescent Substance Use
  Kerwin Kofi Charles and Melvin Stephens Jr. #9193 (HE)
  
• Modest Policy Interventions
  Eric M. Leeper and Tao Zha #9192 (EFG)
  
• Vertical Integration and Distance to Frontier
  Daron Acemoglu, Philippe Aghion and Fabrizio Zilibotti #9191 (EFG)
  
• Sargent-Wallace Meets Krugman-Flood-Garber, or: Why Sovereign Debt Swaps Don't Avert Macroeconomic Crises
  Joshua Aizenman, Kenneth M. Kletzer and Brian Pinto #9190 (IFM)
  
• Storable Votes
  Alessandra Casella #9189 (IFM, PE)
  
• The Trick is to Live: Is the Estate Tax Social Security for the Rich?
  Wojciech Kopczuk #9188 (PE)
  
• Trust in Public Finance
  Joel Slemrod #9187 (EFG, PE)
  
• Why World Redistribution Fails
  Wojciech Kopczuk, Joel Slemrod, and Shlomo Yitzhaki #9186 (PE)
  
• The Effect of Education on Medical Technology Adoption: Are the More Educated More Likely to Use New Drugs
  Adriana Lleras-Muney and Frank R. Lichtenberg #9185 (HC, HE)
  
• Decomposing Wage Inequality Change Using General Equilibrium Models
  Lisandro Abrego and John Whalley #9184 (ITI, LS)
  
• The Social Security Early Entitlement Age in a Structural Model of Retirement and Wealth
  Alan L. Gustman and Thomas L. Steinmeier #9183 (A, LS, PE)
  
• Path Dependence and the Origins of Cotton Textile Manufacturing in New England
  Joshua L. Rosenbloom #9182 (DAE, ITI)
  
• Why Did the Tariff-Growth Correlation Reverse After 1950?
  Michael A. Clemens and Jeffrey G. Williamson #9181 (DAE, ITI)
  
• Changing Labor Market Opportunities for Women and the Quality of Teachers 1957-1992
  Sean P. Corcoran, William N. Evans and Robert S. Schwab #9180 (CH, ED)
  
• How to Protect Future Generations Using Tax Base Restrictions
  Antonio Rangel #9179 (PE)
  
• Bond Risk Premia
  John H. Cochrane and Monika Piazzesi #9178 (AP, EFG, ME)
  
• Large Portfolio Losses
  Amir Dembo, Jean-Deominique Deuscdhel, and Darrell Duffie #9177 (AP)
  
• Real Shock, Monetary Aftershock: The San Francisco Earthquake and the Panic of 1907
  Kerry A. Odell and Marc D. Weidenmier #9176 (DAE, ME)
  
• Efficient Patent Pools
  Josh Lerner and Jean Tirole #9175 (CF, PR)
  
• Coordination, Fair Treatment and Inflation Persistence
  John C. Driscoll and Steinar Holden #9174 (ME)
  
• A Renaissance Instrument to Support Nonprofits: The Sale of Private Chapels in Florentine Churches
  Jonathan Katz Nelson and Richard J. Zeckhauser #9173 (PE)
  
• Catholic Schools and Bad Behavior
  H. Naci Mocan, Benjamin Scafidi, and Erdal Tekin #9172 (CH, ED)
  
• The Political Economy of Hatred
  Edward L. Glaeser #9171 (LE)
  
• Survival of the Best Fit: Competition from Low Wage Countries and the (Uneven) Growth of US Manufacturing Plants
  Andrew B. Bernard, J. Bradford Jensen and Peter K. Schott #9170 (ITI)
  
• The Gains from Trade with Monopolistic Competition: Specification, Estimation, and Mis-Specification
  Huiwen Lai and Daniel Trefler #9169 (ITI)
  

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Week of September 16, 2002

Latest NBER Working Papers

• Welfare Programs and Labor Supply
  Robert Moffitt #9168 (LS, PE)
  
• Did Blue Cross and Blue Shield Suffer from Adverse Selection? Evidence from the 1950s
  Melissa A. Thomasson #9167 (DAE, HC)
  
• The Role of Economic Policy in Social Security Reform: Perspectives from the President's Commission
  John F. Cogan and Olivia S. Mitchell #9166 (A, PE)
  
• Are Politicians Really Paid Like Bureaucrats?
  Rafael Di Tella and Raymond Fisman #9165 (PE)
  
• International Financial Integration and Economic Growth
  Hali J. Edison, Ross Levine, Luca Ricci and Torsten Slok #9164 (IFM)
  
• Towards a Theory of Current Accounts
  Jaume Ventura #9163 (IFM)
  
• Vertical Networks and U.S. Auto Parts Exports: Is Japan Different?
  Keith Head, John Ries and Barbara Spencer #9162 (ITI)
  
• Winners and Losers Over Two Centuries of Globalization
  Jeffrey G. Williamson #9161 (DAE, ITI)
  
• A Brazilian Debt-Crisis
  Assaf Razin and Efraim Sadka #9160 (IFM)
  
• What Fundamentals Drive World Migration?
  Timothy J. Hatton and Jeffrey G. Williamson #9159 (DAE, ITI)
  
• Liquidity, Efficiency and Bank Bailouts
  Gary Gorton and Lixin Huang #9158 (CF)
  
• Does Managerial 'Outsourcing' Reduce Expense Preference Behavior? A Comparison of Adopters and Non-Adopters of Contract-Management in US Hospitals
  Kathleen Carey and Avi Dor #9157 (HC)
  
• The Market for Corporate Law
  Oren Bar-Gill, Michal Barzuza and Lucian Bebchuk #9156 (CF, LE)
  

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Week of September 9, 2002

Latest NBER Working Papers

• The Welfare Implications of Increasing Disability Insurence Benefit Generosity
  John Bound, Julie Berry Cullen, Austin Nichols, and Lucie Schmidt #9155 (A, LS, PE)
  
• International Reserve Holdings with Sovereign Risk and Costly Tax Collection
  Joshua Aizenman and Nancy Marion #9154 (IFM)
  
• The Social Multiplier
  Edward L. Glaeser, Bruce I. Sacerdote, and Jose A. Scheinkman #9153 (LE, LS, PE)
  
• Estimates from a Consumer Demand System: Implications for the Incidence of Environmental Taxes
  Sarah E. West and Roberton C. Williams III #9152 (PE)
  
• Do Mergers Lead to Monopoly in the Long Run? Results from the Dominant Frim Model
  Gautam Gowrisankaran and Thomas J. Holmes #9151 (IO)
  
• The Injustice of Inequality
  Edward L. Glaeser and Andrei Shleifer #9150 (EFG, LE)
  
• The New York School vs. the School of Paris: Who Really Made the Most Important Art After World War II?
  David W. Galenson #9149 (LS)
  
• Health Insurance Coverage and the Disability Insurance Application Decision
  Jonathan Gruber and Jeffrey Kubik #9148 (HC, LS, PE)
  
• Crises in the Global Economy from Tulips to Today: Contagion and Consequences
  Larry Neal and Marc Weidenmier #9147 (DAE, IFM)
  
• The Illiquidity Puzzle: Theory and Evidence from Private Equity
  Josh Lerner and Antoinette Schoar #9146 (CF)
  
• Using Heteroscedasticity to Estimate the Returns to Education
  Vincent Hogan and Roberto Rigobon #9145 (PE, ED)
  
• Household Demand for Employer-Based Health Insurance
  Jean Marie Abraham, William B. Vogt, and Martin S. Gaynor #9144 (HC)
  
• Spurious Regressions in Financial Economics?
  Wayne E. Ferson, Sergei Sarkissian and Timothy Simin #9143 (AP)
  
• Expected Bequests and their Distribution
  Michael D. Hurd and James P. Smith #9142 (A)
  
• The Impact and Inefficiency of the Corporate Income Tax: Evidence from State Organizational Form Data
  Austan Goolsbee #9141 (PE)
  
• The Effects of Subjective Survival on Retirement and Social Security Claiming
  Michael D. Hurd, James P. Smith, and Julie M. Zissimopoulos #9140 (A, LS)
  
• The Effect of Changes in Drug Utilization on Labor Supply and Per Capita Output
  Frank R. Lichtenberg #9139 (HC, PR)
  
• Bank-Based or Market-Based Financial Systems: Which is Better?
  Ross Levine #9138 (CF, IFM)
  
• Banking Panics and the Origin of Central Banking
  Gary Gorton and Lixin Huang #9137 (CF, ME)
  

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Week of September 2, 2002

Latest NBER Working Papers

• Tax Distortions and Global Climate Policy
  Mustafa H. Habiker, Gilbert E. Metcalf and John Reilly #9136 (PE, EE)
  
• "3rd of tha Month": Do Social Security Recipients Smooth Consuption Between Checks?
  Melvin Stephens Jr. #9135 (A, LS, PE)
  
• In Search of the Holy Grail: Policy Convergence, Experimentation and Economic Performance
  Sharun Mukand and Dani Rodrik #9134 (IFM)
  
• The Measured Black-White Wage Gap Among Women is Too Small
  Derek Neal #9133 (LS)
  
• Optimal Long-Run Fiscal Policy: Constraints, Preferences and the Resolution of Uncertainty
  Alan J. Auerbach and Kevin A. Hassett #9132 (EFG, PE)
  
• Investor Behavior and the Purchase of Company Stock in 401(k) Plans - The Importance of Plan Design
  Nellie Liang and Scott Weisbenner #9131 (CF, PE)
  
• Modeling Health Insurance Expansions: Effects of Alternate Approaches
  Dahlia K. Remler, Joshua Graff Zivin and Sherry A. Glied #9130 (HC, PE)
  
• Feasible Globalizations
  Dani Rodrik #9129 (IFM, ITI)
  
• Wealth Portfolios in the UK and the US
  James Banks, Richard Blundell and James P. Smith #9128 (A)
  
• Has the Business Cycle Changed and Why?
  James H. Stock and Mark W. Watson #9127 (EFG, ME)
  
• Does Confidential Proxy Voting Matter?
  Roberta Romano #9126 (CF)
  
• 'Optimal' Pollution Abatement - Whose Benefits Matter, and How Much?
  Wayne B. Gray and Ronald J. Shadbegian #9125 (EE, LS)
  
• Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth
  Daron Acemoglu, Simon Johnson, James Robison and YunYong Thaicharoen #9124 (EFG)
  
• Careers and Canvases: The Rise of the Market of Modern Art in the Nineteenth Century
  David W. Galenson and Robert Jensen #9123 (IO, LS)
  
• Foreign Entry into U.S. Manufacturing by Takeovers and the Creasion of New Firms
  Zadia Feliciano and Robert E. Lipsey #9122 (ITI)
  
• Knowledge Creation and Control in Organizations
  Diego Puga and Daniel Trefler #9121 (IO, PR)
  

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Week of August 26, 2002

Latest NBER Working Papers

• The Link Between Aggregate and Micro Productivity Growth: Evidence from Retail Trade
  Lucia Foster, John Haltiwanger and C.J. Krizan #9120 (EFG, PR)
  
• The Declining Effects of OSHA Inspections on Manufacturing Injuries: 1979 to 1998
  Wayne B. Gray and John Mendeloff #9119 (LS, PR)
  
• Exchange Rates and Adjustment: Perspectives from the New Open Economy Macroeconomics
  Maurice Obstfeld #9118 (EFG, IFM)
  
• When Economic Reform Goes Wrong: Cashews in Mozambique
  Margaret McMillan, Dani Rodrik and Karen Horn Welch #9117 (ITI)
  
• Sharpening Sharpe Ratios
  William Goetzmann, Jonathan Ingersoll, Matthew I. Spiegel and Ivo Welch #9116 (AP)
  
• International Joint Ventures and the Boundaries of the Firm
  Mihir A. Desai, C. Fritz Foley and James R. Hines Jr. #9115 (CF, IO, ITI, PE)
  

  Chapters for Forthcoming NBER Books

  "Why Do the Japanese Spend So Much on Drugs?"
  Seiritsu Ogura and Takehiko Hagino
  "Financial Opening: Evidence and Policy Options"
  Joshua Aizenman
  "Assessing Globalization's Critics: 'Talkers are No Good Doers?'"
  Kimberly Ann Elliott, Debayani Kar and J. David Richardson
  Comment by Tsutomu Miyagawa on "Productivity Growth and R&D Expenditure in Taiwan's Manufacturing Firms," by Kuen-Hung Tsai and Jiann-Chyuan Wang
  Comment by Dean Parham on "FDI Flows, Portfolio Flows and Domestic Investment: The Role of Information," by Assaf Razin and Efraim Sadka
  Comment by Chin Hee Hahn on "Australia's 1990s Productivity Surge and Its Determinants," by Dean Parham
  Comment by Jungho Yoo on "The Sources of Inefficiency in Current Japanese Economy," by Hiroki Kawai
  Comment by Jungho Yoo on "Productivity Growth and R&D Expenditure in Taiwan's Manufacturing Firms," by Kuen-Hung Tsai and Jiann-Chyuan Wang
  Comment by Dipinder Randhawa on "Institutions, Volatility, and Crises," by Daron Acemoglu, Simon Johnson and James Robinson
  Comment by Dipinder Randhawa on "Impact of Information Technologies on Firm Performance in Korea," by Jong-Il Kim
  Comment by Jordi Gali on "Has the Business Cycle Changed and Why?" by James Stock and Mark Watson
  Comment by Alan V. Deardorff in "The Brain Drain: Curse of Boon? A Survey of the Literature," by Simon Commander, Mari Kangasniemi and L. Alan Winters
  Comment by Peter N. Ireland on "'Rules versus Discretion' After Twenty-Five Years" by Nancy L. Stokey

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Week of August 19, 2002

Latest NBER Working Papers

• The Political Economy of Intellectual Property Treaties
  Suzanne Scotchmer #9114 (ITI, LE, PR)
  
• Market Size Matters
  Jeffrey R. Campbell and Hugo A. Hopenhayn #9113 (IO)
  
• From Sectoral to Functional Urban Specialization
  Gilles Duranton and Diego Puga #9112 (ITI)
  
• Understanding Mutual Fund and Hedge Fund Styles Using Return Based Style Analysis
  Arik Ben Dor and Ravi Jagannathan #9111 (AP)
  
• Importing Equality? The Impact of Globalization on Gender Discrimination
  Sandra E. Black and Elizabeth Brainerd #9110 (ITI, LS)
  
• Entrepreneurship
  Edward P. Lazear #9109 (CF, LS)
  

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Week of August 12, 2002

Latest NBER Working Papers

• Estimating the Social Return to Higher Education: Evidence From Longitudinal and Repeated Cross-Sectional Data
  Enrico Moretti #9108 (CH, EE)
  
• Firms' Decisions Where to Incorporate
  Lucian Bebchuk and Alma Cohen #9107 (CF, LE)
  
• Tropics, Germs, and Crops: How Endowments Influence Economic Development
  William Easterly and Ross Levine #9106 (EFG, IFM)
  
• How Prevalent is Tax Arbitrage? Evidence from the Market for Municipal Bonds
  Merle Erickson, Austan Goolsbee and Edward Maydew #9105 (AP, PE)
  
• R&D, Implementation and Stagnation: A Schumpeterian Theory of Convergence Clubs
  Peter Howitt and David Mayer-Foulkes #9104 (EFG)
  
• Dynamic Asset Allocation With Event Risk
  Jun Liu, Francis A. Longstaff and Jun Pan #9103 (AP)
  
• Bank Panics and the Endogeneity of Central Banking
  Gary Gorton and Lixin Huang #9102 (CF, ME)
  
• Currency Returns, Institutional Investor Flows, and Exchange Rate Fundamentals
  Kenneth A. Froot and Tarun Ramadorai #9101 (AP, IFM)
  
• Capital Account Liberalization and Economic Performance: Survey and Synthesis
  Hali J. Edison, Michael W. Klein, Luca Ricci and Torsten Sloek #9100 (EFG, IFM)
  
• An Intergenerational Model of Domestic Violence
  Robert A. Pollak #9099 (LS)
  
• Parametric and Nonparametric Volatility Measurement
  Torben G. Andersen, Tim Bollerslev and Francis X. Diebold #T0279 (TWP)
  
• Econometric Methods for Endogenously Sampled Time Series: The Case of Commodity Price Speculation in the Steel Market
  George Hall and John Rust #T0278 (TWP)
  

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Week of August 5, 2002

Latest NBER Working Papers

• Socioeconomic Status and Health: Why is the Relationship Stronger for Older Children?
  Janet Currie and Mark Stabile #9098 (CH, HC)
  
• An Assessment of the Proposals of the President's Commission to Strengthen Social Security
  Peter A. Diamond and Peter R. Orszag #9097 (PE)
  
• Does It Pay to Work?
  Jagadeesh Gokhale, Laurence J. Kotlikoff and Alexi Sluchynsky #9096 (PE)
  
• How Do Large Depreciations Affect Firm Performance?
  Kristin J. Forbes #9095 (IFM)
  
• Using Mandated Speed Limits to Measure the Value of a Statistical Life
  Orley Ashenfelter and Michael Greenstone #9094 (HC, HE, LS, PE, ENV)
  
• Is There an Effect of Incremental Welfare Benefits on Fertility Behavior? A Look at the Family Cap
  Melissa Schettini Kearney #9093 (CH, PE)
  
• Annuities for an Ageing World
  Olivia S. Mitchell and David McCarthy #9092 (A)
  
• Does Contracting Out Increase the Efficiency of Government Programs? Evidence from Medicaid HMOs
  Mark Duggan #9091 (HC, PE)
  
• The Impact of Internet Subsidies in Public Schools
  Austan Goolsbee and Jonathan Guryan #9090 (PE, EE)
  
• Law, Endowments, and Finance
  Thorsten Beck, Asli Demirguc-Kunt and Ross Levine #9089 (IFM, LE, PE)
  
• Why Do School District Budget Referenda Fail?
  Ronald G. Ehrenberg, Randy A. Ehrenberg, Christopher L. Smith and Liang Zhang #9088 (PE, EE)
  
• Defining Benchmark Status: An Application using Euro-Area Bonds
  Peter G. Dunne, Michael J. Moore and Richard Portes #9087 (AP, IFM)
  

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Week of July 29, 2002

Latest NBER Working Papers

• Trade with Labor Market Distortions and Heterogeneous Labor: Why Trade Can Hurt
  Kala Krishna, Abhiroop Mukhopadhyay and Cemile Yavas #9086 (ITI)
  
• Measuring Prices and Price Competition Online: Amazon and Barnes and Noble
  Austan Goolsbee and Judith Chevalier #9085 (IO)
  
• The Price Level, the Quantity Theory of Money, and the Fiscal Theory of the Price Level
  David B. Gordon and Eric M. Leeper #9084 (EFG)
  
• Learning-By-Doing Vs. On-the-Job Training: Using Variation Induced by the EITC to Distinguish Between Models of Skill Formation
  James Heckman, Lance Lochner and Ricardo Cossa #9083 (LS, PE)
  
• Stock Markets, Banks, and Growth: Panel Evidence
  Thorsten Beck and Ross Levine #9082 (IFM)
  
• Work and Play: International Evidence of Gender Equality in Employment and Sports
  Michael W. Klein #9081 (LS, PE)
  
• Currency Returns, Institutional Investor Flows, and Exchange Rate Fundamentals
  Kenneth A. Froot and Tarun Ramadorai #9080 (AP, IFM)
  
• Decomposing the Persistence of International Equity Flows
  Kenneth A. Froot and Jessica D. Tjornhom #9079 (AP, IFM)
  
• The Case Against Board Veto in Corporate Takeovers
  Lucian Arye Bebchuk #9078 (CF, LE)
  
• Competitive Equilibria With Limited Enforcement
  Patrick J. Kehoe and Fabrizio Perri #9077 (EFG)
  
• The Home Market Effect and Bilateral Trade Patterns
  Gordon H. Hanson and Chong Xiang #9076 (ITI)
  

  Chapters for Forthcoming NBER Books

  "Smoking Cessation and Lifestyle Changes"
  Gabriel Picone and Frank Sloan
  "Demand Effects of Recent Changes in Prescription Drug Promotion"
  Meredith B. Rosenthal, Ernst R. Berndt, Julie M. Donohue, Arnold M. Epstein, Richard G. Frank
  "The Impact of Macroeconomic Conditions on the Health Insurance Coverage of Americans"
  John Cawley and Kosali I. Simon
  "Health Insurance Expansions and the Content of Coverage: Is Something Better than Nothing?"
  Sherry Glied
  "Employee Costs and the Decline in Health Insurance Coverage"
  David M. Cutler
  Comment by Richard Portes on "Globalization and Capital Markets," by Maurice Obstfeld and Alan Taylor

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Week of July 22, 2002

Latest NBER Working Papers

• Foreign Currency for Long-Term Investors
  John Y. Campbell, Luis M. Viceira and Joshua S. White #9075 (AP, IFM, ME)
  
• Education, Poverty, Political Violence and Terrorism: Is There a Causal Connection?
  Alan B. Krueger and Jitka Maleckova #9074 (LS, PE, EE)
  
• Price Uncertainty, Tax Policy, and Addiction: Evidence and Implications
  Mark Coppejans and Holger Sieg #9073 (HE, PE)
  
• Optimal Currency Areas
  Alberto Alesina, Robert J. Barro and Silvana Tenreyro #9072 (EFG, IFM, ME)
  
• The Long Run Importance of School Quality
  Eric A. Hanushek #9071 (CH, LS, PE, EE)
  
• Institutional Allocation In Initial Public Offerings: Empirical Evidence
  Reena Aggarwal, Nagpurnanand R. Prabhala and Manju Puri #9070 (AP)
  
• Some Evidence on the Importance of Sticky Prices
  Mark Bils and Peter J. Klenow #9069 (EFG)
  
• Managerial Power and Rent Extraction in the Design of Executive Compensation
  Lucian Arye Bebchuk, Jesse M. Fried and David I. Walker #9068 (CF, LS, LE)
  
• Intertemporal State Budgeting
  Bruce Baker, Daniel Besendorfer and Laurence J. Kotlikoff #9067 (PE)
  
• Distance to Frontier, Selection, and Economic Growth
  Daron Acemoglu, Philippe Aghion and Fabrizio Zilibotti #9066 (EFG)
  
• How's Life? Combining Individual and National Variables to Explain Subjective Well-Being
  John F. Helliwell #9065 (EFG)
  
• Academic Earmarks and the Returns to Lobbying
  John M. de Figueiredo and Brian S. Silverman #9064 (LE, PE)
  

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Week of July 15, 2002

Latest NBER Working Papers

• Empirical Analysis of Policy Interventions
  Eric M. Leeper and Tao Zha #9063 (EFG, ME)
  
• Identifying the Efficacy of Central Bank Interventions: The Australian Case
  Jonathan Kearns and Roberto Rigobon #9062 (IFM, ME)
  
• Carrots, Sticks and Broken Windows
  Hope Corman and Naci Mocan #9061 (PE)
  
• Does Sales-only Apportionment of Corporate Income Violate the GATT?
  Charles E. McLure, Jr. and Walter Hellerstein #9060 (ITI, PE)
  
• Managing Option Fragility
  Brian J. Hall and Thomas A. Knox #9059 (CF, LS)
  
• Using Discontinuous Eligibility Rules to Identify the Effects of the Federal Medicaid Expansions on Low Income Children
  David Card and Lara D. Shore-Sheppard #9058 (CH, HC, PE)
  
• Expectations and Expatriations: Tracing the Causes and Consequences of Corporate Inversions
  Mihir A. Desai and James R. Hines Jr. #9057 (CF, PE)
  
• On the Relationship Between the Conditional Mean and Volatility of Stock Returns: A Latent VAR Approach
  Michael W. Brandt and Qiang Kang #9056 (AP)
  
• The Evidence on Credit Constraints in Post-Secondary Schooling
  Pedro Carneiro and James J. Heckman #9055 (CH, LS, PE, EE)
  
• Using Market Valuation to Assess Public School Spending
  Lisa Barrow and Cecilia Elena Rouse #9054 (CH, EE)
  
• Cheap Labor Meets Costly Capital: The Impact of Devaluations on Commodity Firms
  Kristin J. Forbes #9053 (IFM)
  
• Factor Price Equalization in the UK?
  Andrew B. Bernard, Stephen Redding, Peter K. Schott and Helen Simpson #9052 (ITI)
  
• The Role of the Family in Immigrants' Labor-Market Activity: Evidence from the United States
  Francine D. Blau, Lawrence M. Kahn, Joan Y. Moriarty and Andre Portela Souza #9051 (LS)
  
• Moral Hazard in Reinsurance Markets
  Neil Doherty and Kent Smetters #9050 (AP, PE)
  
• Evaluating Value Weighting: Corporate Events and Market Timing
  Owen A. Lamont #9049 (AP, CF)
  
• Sales and Consumer Inventory
  Igal Hendel and Aviv Nevo #9048 (IO, PR)
  
• Pricing Currency Risk: Facts and Puzzles from Currency Boards
  Sergio L. Schmukler and Luis Serven #9047 (AP, IFM)
  
• Optimal Progressive Capital Income Taxes in the Infinite Horizon Model
  Emmanuel Saez #9046 (PE)
  

  Chapters for Forthcoming NBER Books

  "Impediments to the Productive Employment of Labor in Japan"
  Hiroshi Ono and Marcus E. Rebick
  "Who Really Lost Their Jobs in Japan? Youth Employment in an Aging Japanese Society"
  Yuji Genda
  "'Rules versus Discretion' after Twenty-Five Years"
  Nancy Stokey
  "White Hats or Don Quixotes? Human Rights Vigilantes in the Global Economy"
  Kimberly Ann Elliott and Richard B. Freeman
  "Union Participation in Strategic Decisions of Corporations"
  Eileen Appelbaum and Larry W. Hunter
  "Unionization of Professional and Technical Workers: The Labor Market and Institutional Transformation"
  Richard W. Hurd and John Bunge
  "A Workers' Lobby to Provide Portable Benefits"
  Joni Hersch
  Introduction
  David A. Wise
  "Changing the Guard: The Rise of the US to Peak Capitalist Economy"
  Richard B. Freeman;
  "The Recent Transformation of Participatory Employment Practices in Japan"
  Takao Kato;
  "Determinants of the Shadow Value of Simultaneous Information Sharing in the Japanese Machine-Tool Manufacturing Industry"
  Hiroyuki Chuma;
  "Total Labor Costs and the Employment Adjustment Behavior of Large Japanese Firms"
  Yoshifumi Nakata and Ryoji Takehiro

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Week of July 8, 2002

Latest NBER Working Papers

• The New Social Security Commission Personal Accounts: Where Is the Investment Principal?
  Alan L. Gustman and Thomas L. Steinmeier #9045 (A, LS, PE)
  
• Closing the Gap or Widening the Divide: The Effects of the G.I. Bill and World War II on the Educational Outcomes of Black Americans
  Sarah E. Turner and John Bound #9044 (LS, PE, EE)
  
• Labor Market Institutions and Demographic Employment Patterns
  Giuseppe Bertola, Francine D. Blau and Lawrence M. Kahn #9043 (LS)
  
• Ethnic Differences in Demographic Behavior in the United States: Has There Been Convergence?
  Michael R. Haines #9042 (DAE)
  
• Relational Costs and the Production of Social Capital: Evidence from Carpooling
  Kerwin Charles and Patrick Kline #9041 (LS)
  
• The Failure of Input-based Schooling Policies
  Eric A. Hanushek #9040 (PE)
  
• A Theory of the Currency Denomination of International Trade
  Philippe Bacchetta and Eric van Wincoop #9039 (IFM, ITI)
  
• Drug Treatment as a Crime Fighting Tool
  Mireia Jofre-Bonet and Jody L. Sindelar #9038 (HE)
  
• Ethnicity, Language, and Workplace Segregation: Evidence from a New Matched Employer-Employee Data Set
  Judith K. Hellerstein and David Neumark #9037 (LS)
  
• Employee Costs and the Decline in Health Insurance Coverage
  David M. Cutler #9036 (HC, PE)
  

  Chapters for Forthcoming NBER Books

  "Willingness to Pay for Environmental Quality: Testable Empirical Implications of the Growth and Environment Literature," Debra Israel and Arik Levinson, http://www.nber.org/books/environment5-02/index.html.
  "Appendix: Properties and Availability of the Union Army Life-Cycle Sample"
  Peter Viechnicki
  "A Simulation-Based Welfare Loss Calculation for Taxes on Labor Supply with Piecewise-Linear Budget Constraints"
  Don Fullerton and Li Gan
  "The Effect of Income Taxation on Consumption and Labor Supply: New Implications for the Optimal Income Tax"
  James P. Ziliak, Thomas J. Kniesner and Douglas Holtz-Eakin
  "Current Accounts in the Long and Short Run"
  Aart Kraay and Jaume Ventura

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Week of July 1, 2002

Latest NBER Working Papers

• When Can Partial Public Insurance Produce Pareto Improvements?
  Amy Finkelstein #9035 (PE)
  
• Stock Market Boom and the Productivity Gains of the 1990s
  Urban Jermann and Vincenzo Quadrini #9034 (EFG)
  
• Is Retirement Depressing?: Labor Force Inactivity and Psychological Well-Being in Later Life
  Kerwin Kofi Charles #9033 (LS)
  
• Is There an Optimal Industry Financial Structure?
  Peter MacKay and Gordon M. Phillips #9032 (CF, PE)
  
• The Interaction of Partial Public Insurance Programs and Residual Private Insurance Markets: Evidence from the U.S. Medicare Program
  Amy Finkelstein #9031 (HC, PE)
  
• Current Accounts in the Long and Short Run
  Aart Kraay and Jaume Ventura #9030 (IFM, ITI)
  
• Beyond Markets and Hierarchies: Toward a New Synthesis of American Business History
  Naomi R. Lamoreaux, Daniel M.G. Raff and Peter Temin #9029 (DAE)
  
• Gender Differences in Completed Schooling
  Kerwin Kofi Charles and Ming-Ching Luoh #9028 (LS)
  
• Tariff-jumping FDI and Domestic Firms' Profits
  Bruce A. Blonigen, KaSaundra Tomlin and Wesley W. Wilson #9027 (ITI)
  
• The Deaths of Manufacturing Plants
  Andrew B. Bernard and J. Bradford Jensen #9026 (ITI, PR)
  
• Peer Effects in Medical School
  Peter Arcidiacono and Sean Nicholson #9025 (HC, LS)
  

  Chapters for Forthcoming NBER Books

  "Medicaid"
  Jonathan Gruber
  "International Trade and Pollution in Shared Resources: A Study of International Rivers"
  Hilary Sigman
  "Expenditure Switching and Exchange Rate Policy"
  Charles Engel

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