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New This Week Archive

NBER Working Papers released in the past, by week.

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Week of September 25-October 2, 2006

• Understanding Instrumental Variables in Models with Essential Heterogeneity
  James J. Heckman, Sergio Urzua, and Edward J. Vytlacil #12574 (DAE, LS, POL, PE)
  
• The Control of Politicians in Divided Societies: The Politics of Fear
  Gerard Padro i Miquel #12573 (POL)
  
• American Indian Mortality in the Late Nineteenth Century: The Impact of Federal Assimilation Policies on a Vulnerable Population
  J. David Hacker and Michael R. Haines #12572 (DAE)
  
• The Puzzle of the Antebellum Fertility Decline in the United States: New Evidence and Reconsideration
  Michael R. Haines and J. David Hacker #12571 (DAE)
  
• Behavioral Theories of the Business Cycle
  Nir Jaimovich and Sergio Rebelo #12570 (EFG)
  
• Inheritance and Saving
  David Joulfaian #12569 (EFG, PE)
  
• Federal Tax Policy Towards Energy
  Gilbert E. Metcalf #12568 (PE)
  
• Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model
  Claustre Bajona and Timothy J. Kehoe #12567 (EFG)
  
• Demographics in Dynamic Heckscher-Ohlin Models: Overlapping Generations Versus Infinitely Lived Consumers
  Claustre Bajona and Timothy J. Kehoe #12566 (EFG, ITI)
  
• Understanding South Africa's Economic Puzzles
  Dani Rodrik #12565 (EFG, ITI)
  
• Endogenous Sudden Stops in a Business Cycle Model with Collateral Constraints:A Fisherian Deflation of Tobin's Q
  Enrique G. Mendozai #12564 (EFG, IFM)
  
• Entry, Exit and Patenting in the Software Industry
  Iain M. Cockburn and Megan J. MacGarvie #12563 (IO, PR)
  
• Valuing New Goods in a Model with Complementarities: Online Newspapers
  Matthew Gentzkow #12562 (IO)
  
• Do Television and Radio Destroy Social Capital? Evidence from Indonesian Villages
  Benjamin A. Olken #12561 (LS, POL)
  
• International Capital Flows and U.S. Interest Rates
  Francis E. Warnock and Veronica Cacdac Warnock #12560 (IFM, ME)
  
• Labor Market Shocks and Retirement: Do Government Programs Matter?
  Courtney C. Coile and Phillip B. Levine #12559 (AG, LS)
  
• The Evolution of Income Concentration in Japan, 1886-2002: Evidence from Income Tax Statistics
  Chiaki Moriguchi and Emmanuel Saez #12558 (LS, PE)
  
• Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement
  Laura Veldkamp and Justin Wolfers #12557 (AP, EFG, ME)
  
• Does How Much and How You Pay Matter? Evidence from the Inpatient Rehabilitation Care Prospective Payment System
  Neeraj Sood, Melinda Beeuwkes Buntin, and Jose J. Escarce #12556 (HC, HE)
  
• Financially Constrained Stock Returns
  Dmitry Livdan, Horacio Sapriza, and Lu Zhang #12555 (AP, CF, EFG)
  
• Differential Mortality, Uncertain Medical Expenses, and the Saving of Elderly Singles
  Mariacristina De Nardi, Eric French, and John Bailey Jones #12554 (AG, HE, PE)
  
• Inequality and Schooling Responses to Globalization Forces: Lessons from History
  Jeffrey G. Williamson #12553 (DAE, ED, LS, POL, ITI)
  
• Local Currency Bond Markets
  John D. Burger and Francis E. Warnock #12552 (IFM)
  
• Are Currency Appreciations Contractionary in China?
  Jianhuai Shi #12551 (IFM)
  
• Wealth Inequality: Data and Models
  Marco Cagetti and Mariacristina De Nardi #12550 (PE)
  
• Poverty Traps, Distance, and Diversity: The Migration Connectiony
  Jeffrey G. Williamson #12549 (DAE, EFG, LS)
  
• Foreign Participation in Local Currency Bond Markets
  John D. Burger and Francis E. Warnock #12548 (IFM)
  
• Pass Through of Exchange Rates to Consumption Prices: What has Changed and Why?
  Jose Manuel Campa and Linda S. Goldberg #12547 (IFM, ITI)
  
• Colonialism and Modern Income -- Islands as Natural Experiments
  James Feyrer and Bruce Sacerdote #12546 (DAE, EFG)
  
• Multilateralising Regionalism: Spaghetti Bowls as Building Blocs on the Path to Global Free Trade
  Richard Baldwin #12545 (IFM, ITI)
  

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Week of September 18-September 25, 2006

• Non-response in the American Time Use Survey: Who Is Missing from the Data and How Much Does It Matter?
  Katharine G. Abraham, Aaron Maitland and Suzanne M. Bianchi #t0328 (TWP)
  
• Robust Inference with Multi-way Clustering
  A. Colin Cameron, Jonah B. Gelbach, and Douglas L. Miller #t0327 (TWP)
  
• Growth, Reform Indicators and Policy Complementaries
  Jorge Braga de Macedo and Joaquim Oliveira Martins #12544 (PR)
  
• International Trade and Finance under the Two Hegemons: Complementaries in the United Kingdom 1870-1913 and the United States 1920-30
  Alan M. Taylor and Janine L. F. Wilson #12543 (IFM, ITI)
  
• Measuring the Macroeconomic Risks Posed by Asset Price Booms
  Stephen G. Cecchetti #12542 (ME)
  
• Is A Great Labor Shortage Coming? Replacement Demand in the Global Economy
  Richard B. Freeman #12541 (LS)
  
• Indeterminacy in a Forward Looking Regime Switching Model
  Roger E. A. Farmer, Daniel F. Waggoner, and Tao Zha #12540 (EFG)
  
• Importation and Innovation
  Frank R. Lichtenberg #12539 (EFG, HC, ITI, PR)
  
• Why Has House Price Dispersion Gone Up?
  Stijn Van Nieuwerburgh and Pierre-Olivier Weill #12538 (AP, EFG, PE)
  
• Can News About the Future Drive the Business Cycle?
  Nir Jaimovich,and Sergio Rebelo #12537 (EFG)
  

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Week of September 11-September 18, 2006

• Medicaid Crowd-Out of Private Long-Term Care Insurance Demand: Evidence from the Health and Retirement Survey
  Jeffrey R. Brown, Norma B. Coe and Amy Finkelstein #12536 (AG, HC, PE)
  
• A Comment on The Role of Prices for Excludable Public Goods
  Gilbert E. Metcalf and Jongsang Park #12535 (PE)
  
• Why Do U.S. Firms Hold So Much More Cash Than They Used To?
  Thomas W. Bates, Kathleen M. Kahle and Rene M. Stulz #12534 (CF)
  
• Comparing Average and Marginal Tax Rates Under the FairTax and the Current System of Federal Taxation
  Laurence J. Kotlikoff and David Rapson #12533 (AG, PE)
  
• Do State Expenditures on Tobacco Control Programs Decrease Use of Tobacco Products Among College Students?
  Christina Czart Ciecierski, Pinka Chatterji, Frank J. Chaloupka and Henry Wechsler #12532 (HE)
  
• Explaining Import Variety and Quality: The Role of the Income Distribution
  Yo Chul Choi, David Hummels and Chong Xiang #12531 (ITI)
  
• Evidence of a Shift in the Short-Run Price Elasticity of Gasoline Demand
  Jonathan E. Hughes, Christopher R. Knittel and Daniel Sperling #12530 (IO)
  
• High School Alcohol Use and Young Adult Labor Market Outcomes
  Pinka Chatterji and Jeff DeSimone #12529 (HE)
  
• Do Female Physicians Capture Their Scarcity Value? The Case of OB/GYNs
  Jessica Wolpaw Reyes #12528 (HC, HE, LS)
  
• The Effectiveness of Cigarette Regulations in Reducing Cases of Sudden Infant Death Syndrome
  Sara Markowitz #12527 (CH, HE)
  
• What Has Mattered to Economics Since 1970
  E. Han Kim, Adair Morse and Luigi Zingales #12526 (EFG, IO, ITI, PE, POL, PR)
  
• The Corporate Governance Role of the Media: Evidence from Russia
  Alexander Dyck, Natalya Volchkova and Luigi Zingales #12525 (CF)
  
• Customer Risk from Real-Time Retail Electricity Pricing: Bill Volatility and Hedgability
  Severin Borenstein #12524 (AP, IO)
  
• Climbing Atop the Shoulders of Giants: The Impact of Institutions on Cumulative Research
  Jeffrey L. Furman and Scott Stern #12523 (PR)
  
• How Does Foreign Direct Investment Promote Economic Growth?
  Laura Alfaro, Areendam Chanda, Sebnem Salemli-Ozcan and Selin Sayek #12522 (IFM, ITI, PR)
  
• Endogenous Skill Bias in Technology Adoption: City-Level Evidence From the IT Revolution
  Paul Beaudry, Mark Doms and Ethan Lewis #12521 (EFG, LS, PR)
  

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Week of September 4-September 11, 2006

• Creative Destruction in Industries
  Boyan Jovanovic and Chung-Yi Tse #12520 (EFG, PR)
  
• Evaluating the Effectiveness of Child Safety Seats and Seat Belts in Protecting Children from Injury
  Joseph J. Doyle, Jr. and Steven D. Levitt #12519 (CH, HE, LE, PE)
  
• Immigration and African-American Employment Opportunities: The Response of Wages, Employment, and Incarceration to Labor Supply Shocks
  George J. Borjas, Jeffrey Grogger and Gordon H. Hanson #12518 (ITI, LS)
  
• Land and Power: Theory and Evidence from Chile
  Jean-Marie Baland and James A. Robinson #12517 (DAE, POL)
  
• Gravity for Dummies and Dummies for Gravity Equations
  Richard Baldwin and Daria Taglioni #12516 (IFM, ITI)
  
• Monetary Policy Strategy: How Did We Get Here?
  Frederic S. Mishkin #12515 (EFG, ME)
  
• Temporary Investment Tax Incentives: Theory with Evidence from Bonus Depreciation
  Christopher L. House and Matthew D. Shapiro #12514 (EFG, ME, PE)
  
• Linear Approximations and Tests of Conditional Pricing Models
  Michael W. Brandt and David A. Chapman #12513 (AP)
  
• From Groundnuts to Globalization: A Structural Estimate of Trade and Growth
  Christian Broda, Joshua Greenfield and David E. Weinstein #12512 (ITI)
  
• The Health Effects of Medicate for the Near-Elderly Uninsured
  Daniel Polsky, Jalpa A. Doshi, Jose Escarce, Willard Manning, Susan M. Paddock, Liyi Cen and Jeannette Rogowski #12511 (AG, HC, PE)
  
• Contingent Valuation Analysis of Willingness to Pay to Reduce Childhood Obesity
  John Cawley #12510 (HC, HE)
  
• Public & Private Spillovers, Location and the Productivity of Pharmaceutical Research
  Jeffrey L. Furman, Margaret K. Jyle and Iain Cockburn #12509 (IO, PR)
  
• Peers at Work
  Alexandre Mas and Enrico Moretti #12508 (LS)
  
• An Experimental Test of Criminal Behavior Among Juveniles and Young Adults
  Michael S. Visser, William T. Harbaugh and Naci Mocan #12507 (CH, PE)
  
• Willingness to Pay for Drug Rehabilitation: Implications for Cost Recovery
  David Bishai and Jody Sindelar #12506 (HE)
  
• A New Framework for the Analysis of Inequality
  Flavio Cunha and James Heckman #12505 (DAE, IFM LS)
  

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Week of August 28-September 4, 2006

• The Effect of State Community Rating Regulations on Premiums and Coverage in the Individual Health Insurance Market
  Bradley Herring and Mark V. Pauly #12504 (HC, HE)
  
• Rules Rather Than Discretion: Lessons From Hurricane Katrina
  Howard Kunreuther and Mark Pauly #12503 (PE)
  
• The Tradeoff between Mortgage Prepayments and Tax-Deferred Retirement Savings
  Gene Amromin, Jennifer Huang and Clemens Sialm #12502 (AG, AP, PE)
  
• The Cost of Banking Regulation
  Luigi Guiso, Paola Sapienza and Luigi Zingales #12501 (ME, IO)
  
• Look at Me Now: What Attracts U.S. Shareholders?
  John Ammer, Sara B. Holland, David C. Smith and Francis E. Warnock #12500 (AP, CF, IFM)
  
• A Conceptual World: Why the Art of the Twentieth Century is So Different from the Art of All Earlier Centuries
  David W. Galenson #12499 (LS)
  
• Unemployment Fluctuations with Staggered Nash Wage Bargaining
  Mark Gertler and Antonella Trigari #12498 (EFG, LS, ME)
  
• Rethinking the Effects of Immigration on Wages
  Gianmarco I.P. Ottaviano and Giovanni Peri #12497 (ITI, LS)
  
• The Forward Market in Emerging Currencies: Less Biased than in Major Currencies
  Jeffrey Frankel and Jumana Poonawala #12496 (IFM)
  
• The International Role of the Dollar and Trade Balance Adjustment
  Linda Goldberg and Cédric Tille #12495 (IFM, ITI)
  
• Exploring Gender Differences in Employment and Wage Trends Among Less-Skilled Workers
  Rebecca M. Blank and Heidi Shierholz #12494 (LS)
  
• Transfer Pricing by U.S.-Based Multinational Firms
  Andrew B. Bernard, J. Bradford Jensen and Peter K. Schott #12493 (IO, ITI, PE)
  
• Changes in the Federal Reserve's Inflation Target: Causes and Consequences
  Peter N. Ireland #12492 (ME)
  
• Swiss Exchange Rate Policy in the 1930s. Was the Delay in Devaluation Too High a Price to Pay for Conservatism?
  Michael Bordo, Thomas Helbling and Harold James #12491 (ME, DAE, IFM)
  
• How Corruption Hits People When They Are Down
  Jennifer Hunt #12490 (LE, LS, PE)
  
• The Returns to Currency Speculation
  Craig Burnside, Martin Eichenbaum, Isaac Kleshchelski, and Sergio Rebelo #12489 (EFG, IFM, AP)
  

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Week of August 21-August 28, 2006

• Quantifying Equilibrium Network Externalities in the ACH Banking Industry
  Daniel A. Ackerberg and Gautam Gowrisankaran #12488 (PR)
  
• The Equity Premium Implied by Production
  Urban J. Jermann #12487 (AP)
  
• Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development
  Laarni Bulan, Christopher Mayer and C. Tsuriel Somerville #12486 (CF, EFG)
  
• The Consequences of Teenage Childbearing
  Adam Ashcraft and Kevin Lang #12485 (HC, LS)
  
• Financial Globalization: A Reappraisal
  M. Ayhan Kose, Eswar Prasad, Kenneth Rogoff and Shang-Jin Wei #12484 (IFM)
  
• Productivity, External Balance and Exchange Rates: Evidence on the Transmission Mechanism Among G7 Countries
  Giancarlo Corsetti, Luca Dedola and Sylvain LeDuc #12483 (IFM)
  
• Globalization and Risk Sharing
  Fernando A. Broner and Jaume Ventura #12482 (IFM)
  
• Conventional and Unconventional Approaches to Exchange Rate Modeling and Assessment
  Ron Alquist and Menzie D. Chinn #12481 (IFM)
  
• Welfare Reform, Work Requirements, and Employment Barriers
  Ellen Meara and Richard G. Frank #12480 (HC, LS)
  
• The "Names Game": Harnessing Inventors' Patent Data for Economic Research
  Manuel Trajtenberg, Gil Shiff and Ran Melamed #12479 (PR)
  
• First Do No Harm? Tort Reform and Birth Outcomes
  Janet Currie and W. Bentley Macleod #12478 (CH, HC, LE)
  
• A Theory of Demand Shocks
  Guido Lorenzoni #12477 (EFG)
  
• Modern Macroeconomics in Practice: How Theory is Shaping Policy
  Varadarajan V. Chari and Patrick J. Kehoe #12476 (EFG, ME)
  
• Capital Deepening and Non-Balanced Economic Growth
  Daron Acemoglu and Veronica Guerrieri #12475 (EFG)
  
• Competition, Innovation and Growth with Limited Commitment
  Ramon Marimon and Vincenzo Quadrini #12474 (EFG)
  
• Understanding International Portfolio Diversification and Turnover Rates
  Amir A. Amadi and Paul R. Bergin #12473 (IFM)
  
• Smoke Signals: Adolescent Smoking and School Continuation
  Philip J. Cook and Rebecca Hutchinson #12472 (CH, ED, HE)
  
• Should Sixth Grade be in Elementary or Middle School? An Analysis of Grade Configuration and Student Behavior
  Philip J. Cook, Robert MacCoun, Clara Muschkin and Jacob Vigdor #12471 (CH, ED, PE)
  
• Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints
  Tommaso Monacelli #12470 (AP, ME)
  

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Week of August 14-August 21, 2006

• Approximately Normal Tests for Equal Predictive Accuracy in Nested Models
  Todd E. Clark and Kenneth D. West #T326 (TWP)
  
• Learning-by-Producing and the Geographic Links Between Invention and Production: Experience From the Second Industrial Revolution
  Dhanoos Sutthiphisal #12469 (DAE, PR)
  
• Fraternity Membership and Binge Drinking
  Jeff DeSimone #12468 (HE)
  
• Consumption Commitments and Risk Preferences
  Raj Chetty and Adam Szeidl #12467 (AP, EFG, LS, PE)
  
• Stature and Status: Height, Ability, and Labor Market Outcomes
  Anne Case and Christina Paxson #12466 (AG, CH, HC, HE, LS)
  
• How Has CEO Turnover Changed? Increasingly Performance Sensitive Boards and Increasingly Uneasy CEOs
  Steven N. Kaplan and Bernadette A. Minton #12465 (CF)
  
• The Return to English in a Non-English Speaking Country: Russian Immigrants and Native Israelis in Israel
  Kevin Lang and Erez Siniver #12464 (LS)
  
• Why Have Corporate Tax Revenues Declined? Another Look
  Alan J. Auerbach #12463 (PE)
  
• The y-Theory of Investment
  Thomas Philippon #12462 (EFG)
  
• Benchmarking Money Manager Performance: Issues and Evidence
  Louis K.C. Chan, Stephen G. Dimmock and Josef Lakonishok #12461 (AP)
  
• Euro-Productivity and Euro-Jobs Since the 1960s: Which Institutions Really Mattered?
  Gayle J. Allard and Peter H. Lindert #12460 (DAE, PR)
  
• Science and Industry: Tracing the Flow of Basic Research Through Manufacturing and Trade
  James D. Adams and J. Roger Clemmons #12459 (PR)
  
• Youth Smoking, Cigarette Prices, and Anti-Smoking Sentiment
  Philip DeCicca, Donald Kenkel, Alan Mathios, Yoon-Jeong Shin and Jae-Young Lim #12458 (CH, HE)
  
• Openness and Industrial Response in a Wal-Mart World: A Case Study of Mexican Soaps, Detergents and Surfactant Producers
  Beata Smarzynska Javorcik, Wolfgang Keller and James Tybout #12457 (IO, ITI, PR)
  
• Stochastic Components of Individual Consumption: A Time Series Analysis of Grouped Data
  Orazio P. Attanasio and Margherita Borella #12456 (EFG)
  
• Contractual Tradeoffs and SMEs' Choice of Organizational Form: A View From U.S. and French History, 1830-2000
  Naomi R. Lamoreaux and Jean-Laurent Rosenthal #12455 (CF, DAE)
  
• Can Central Banks Target Bond Prices?
  Kenneth N. Kuttner #12454 (ME)
  
• On the Consequences of Demographic Change for Rates of Returns to Capital, and the Distribution of Wealth and Welfare
  Dirk Krueger and Alexander Ludwig #12453 (EFG, PE)
  
• Myopia and the Effects of Social Security and Capital Taxation on Labor Supply
  Louis Kaplow #12452 (LS, PE)
  
• Insurance Underwriter or Financial Development Fund: What Role for Reserve Pooling in Latin America?
  Barry Eichengreen #12451 (IFM)
  
• Democracy and Globalization
  Barry Eichengreen and David Leblang #12450 (DAE, IFM)
  
• Reflections on U.S. Disaster Insurance Policy for the 21st Century
  Howard Kunreuther #12449 (PE)
  
• Electoral Uncertainty and the Volatility of International Capital Flows
  Roberto Chang #12448 (IFM, POL)
  
• Employer Matching and 401(k) Saving: Evidence From the Health and Retirement Study
  Gary V. Engelhardt and Anil Kumar #12447 (PE)
  
• Goals and Plans in Protective Decision Making
  David H. Krantz and Howard C. Kunreuther #12446 (PE)
  
• Moral Hazard, Adverse Selection and Health Expenditures: A Semiparametric Analysis
  Patrick Bajari, Han Hong, Ahmed Khwaja #12445 (IO, HC, PE)
  
• Financial Innovation for an Aging World
  Olivia S. Mitchell, John Piggott, Michael Sherris and Shaun Yow #12444 (AG, LS, PE)
  
• The Welfare Consequences of ATM Surcharges: Evidence From a Structural Entry Model
  Gautam Gowrisankaran and John Krainer #12443 (IO, PR)
  
• Expectations, Asset Prices, and Monetary Policy: The Role of Learning
  Simon Gilchrist and Masashi Saito #12442 (ME)
  
• E-Stability vis-a-vis Determinacy Results for a Broad Class of Linear Rational Expectations Models
  Bennett T. McCallum #12441 (EFG, ME)
  
• Schooling Externalities, Technology and Productivity: Theory and Evidence from U.S. States
  Susana Iranzo and Giovanni Peri #12440 (ITI, LS, PR)
  
• Home and Regional Biases and Border Effects in Armington Type Models
  John Whalley and Xian Xin #12439 (ITI)
  
• Regulatory Exploitation and the Market for Corporate Control
  Leemore Dafny and David Dranove #12438 (CF, HC)
  
• How Do Youth With Mental Disorders Fare in the Juvenile System?
  Alison Evans Cuellar and Pinka Chatterji #12437 (HE)
  
• The Growth in the Social Security Disability Rolls: A Fiscal Crisis Unfolding
  David Autor and Mark Duggan #12436 (AG, HE, LS, PE)
  
• Reaching for the Stars: Who Pays For Talent in Innovative Industries?
  Frederik Andersson, Matthew Freedman, John Haltiwanger, Julia Lane and Kathryn Shaw #12435 (EFG, LS, PR)
  
• The Equity Premium in India
  Rajnish Mehra #12434 (AP, EFG, IFM)
  
• Recursive Competitive Equilibrium
  Rajnish Mehra #12433 (AP, EFG, IFM)
  
• On the Determinants of Exporters' Currency Pricing: History vs. Expectations
  Shin-ichi Fukuda and Masanori Ono #12432 (IFM, ITI)
  
• The Direct Substitution Between Government and Private Consumption in East Asia
  Yum K. Kwan #12431 (PE)
  
• Employment and Adverse Selection in Health Insurance
  Jayanta Bhattacharya and William B. Vogt #12430 (HC, LS)
  

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Week of August 7-August 14, 2006

• Health Insurance Enrollment Decisions: Preferences for Coverage, Worker Sorting, and Insurance Take Up
  Alan C. Monheit and Jessica Primoff Vistnes #12429 (HC)
  
• Corruption Perceptions vs. Corruption Reality
  Benjamin A. Olken #12428 (PE, POL)
  
• Policy Options for Financing the Future Health and Long-Term Care Costs in Japan
  Tadashi Fukui and Yasushi Iwamoto #12427 (AG, PE)
  
• Reflections on One Year at the Bank of Israel
  Stanley Fischer #12426 (IFM, ME)
  
• Evaluating Wireless Carrier Consolidation Using Semiparametric Demand Estimation
  Patrick Bajari, Jeremy T. Fox and Stephen Ryan #12425 (IO)
  
• Cohort Crowding: How Resources Affect Collegiate Attainment
  John Bound and Sarah Turner #12424 (ED, LS)
  
• Parallel Imports and Price Controls
  Gene M. Grossman and Edwin C.-L. Lai #12423 (ITI, POL)
  
• Cross-Border Acquisitions and Target Firms' Performance: Evidence From Japanese Firm-Level Data
  Kyoji Fukao, Keiko Ito, Hyeog Ug Kwon and Miho Takizawa #12422 (IO)
  
• The Consumption-Tightness Puzzle
  Morten O. Ravn #12421 (EFG)
  
• Noisy Macroeconomic Announcements, Monetary Policy, and Asset Prices
  Roberto Rigobon and Brian Sack #12420 (AP, IFM, ME)
  

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Week of July 31-August 7, 2006

• Optimal Taxation of Entrepreneurial Capital with Private Information
  Stefania Albanesi #12419 (EFG, PE)
  
• When Knowledge is not Enough: HIV/AIDS Information and Risky Behavior in Botswana
  Taryn Dinkelman, James Levinsohn and Rolang Majelantle #12418 (HE)
  
• The Effect of Anticipated Tax Changes on Intertemporal Labor Supply and the Realization of Taxable Income
  Adam Looney and Monica Singhal #12417 (LS, PE)
  
• Military Positions and Post-Service Occupational Mobility of Union Army Veterans, 1861-1880
  Chulhee Lee #12416 (DAE, LS)
  
• Cyclical Wages in a Search-and-Bargaining Model With Large Firms
  Julio J. Rotemberg #12415 (EFG)
  
• What Determines Immigration's Impact? Comparing Two Global Centuries
  Timothy J. Hatton and Jeffrey G. Williamson #12414 (DAE, IFM, LS)
  
• Intra-Day Seasonality in Activities of the Foreign Exchange Markets: Evidence From the Electronic Broking System
  Takatoshi Ito and Yuko Hashimoto #12413 (IFM)
  
• Intertemporal Consumption Choices, Transaction Costs and Limited Participation to Financial Markets: Reconciling Data and Theory
  Orazio P. Attanasio and Monica Paiella #12412 (EFG)
  
• Skill Acquisition, Credit Constraints, and Trade
  Tatyana Chesnokova and Kala Krishna #12411 (ITI)
  
• The Church vs the Mall: What Happens When Religion Faces Increased Secular Competition?
  Jonathan Gruber and Daniel M. Hungerman #12410 (LE, PE)
  
• Is Crime Contagious?
  Jens Ludwig and Jeffrey R. Kling #12409 (CH, LE, PE)
  
• Bond Markets as Conduits for Capital Flows: How Does Asia Compare?
  Barry Eichengreen and Pipat Luengnaruemitchai #12408 (IFM)
  
• Signaling Credibility – Choosing Optimal Debt and International Reserves
  Joshua Aizenman and Jorge Fernández-Ruiz #12407 (IFM)
  
• The Impact of Increased Utilization of HIV Drugs on Longevity and Medical Expenditures: An Assessment Based on Aggregate U.S. Time-Series Data
  Frank R. Lichtenberg #12406 (HC, PR)
  
• Endogenous Monetary Policy Regime Change
  Troy Davig and Eric M. Leeper #12405 (EFG, ME)
  
• How Progressive is the U.S. Federal Tax System? A Historical and International Perspective
  Thomas Piketty and Emmanuel Saez #12404 (PE)
  
• Two Paths to Abstract Art: Kandinsky and Malevich
  David W. Galenson #12403 (LS)
  
• Optimal Simple and Implementable Monetary and Fiscal Rules: Expanded Version
  Stephanie Schmitt-Grohé and Martín Uribe #12402 (EFG)
  
• The Chilean Pension Reform Turns 25: Lessons From the Social Protection Survey
  Alberto Arenas de Mesa, David Bravo, Jere R. Behrman, Olivia S. Mitchell and Petra E. Todd #12401 (AG, PE)
  
• The Brevity and Violence of Contractions and Expansions
  Alisdair McKay and Ricardo Reis #12400 (EFG, ME)
  

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Week of July 24-July 31,2006

• Renegotiation Without Holdup: Anticipating Spending and Infrastructure Concessions
  Eduardo Engel, Ronald Fischer and Alexander Galetovic #12399 (IO)
  
• The Politics and Economics of Offshore Outsourcing
  N. Gregory Mankiw and Phillip Swagel #12398 (EFG, ITI, POL)
  
• What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation
  Nicholas Barberis and Wei Xiong #12397 (AP)
  
• Why Do Migrants Return to Poor Countries? Evidence From Philippine Migrants' Responses to Exchange Rate Shocks
  Dean Yang #12396 (ED, ITI, LS)
  
• Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through
  Takatoshi Ito and Kiyotaka Sato #12395 (EFG, IFM)
  
• Big Business Stability and Economic Growth: Is What's Good for General Motors Good for America?
  Kathy Fogel, Randall Morck, and Bernard Yeung #12394 (CF, EFG)
  
• Sudden Stops, Financial Crises, and Original Sin in Emerging Countries: Déjà vu?
  Michael D. Bordo #12393 (HC)
  
• Optimizing the Retirement Portfolio: Asset Allocation, Annuitization, and Risk Aversion
  Wolfram J. Horneff, Raimond Maurer, Olivia S. Mitchell and Ivica Dus #12392 (AG, AP)
  
• How Household Portfolios Evolve After Retirement: The Effect of Aging and Health Shocks
  Courtney Coile and Kevin Milligan (AG, AP, HC)
  
• That's News to Me! Information Revelation in Professional Certification Markets
  Ginger Zhe Jin, Andrew Kato and John A. List #12390 (HC)
  
• Financial Globalization, Governance, and the Evolution of the Home Bias
  Bong-Chan Kho, René M. Stulz and Francis E. Warnock #12389 (AP, CF)
  
• The Level and Composition of Consumption Over the Business Cycle: The Role of "Quasi-Fixed" Expenditures
  Kerwin Kofi Charles and Melvin Stephens, Jr. #12388 (EFG, LS)
  
• Handedness and Earnings
  Christopher S. Ruebeck, Joseph E. Harrington, Jr. and Robert Moffitt #12387 (ED, LS)
  
• The Effect of Inheritance Receipt on Retirement
  Jeffrey R. Brown, Courtney C. Coile and Scott J. Weisbenner #12386 (AG, LS)
  
• Innovation, Diffusion, and Trade
  Jonathan Eaton and Samuel Kortum #12385 (LS)
  
• Inflation Band Targeting and Optimal Inflation Contracts
  Frederic S. Mishkin and Niklas J. Westelius #12384 (EFG, ME)
  
• Uncertainty and Investment Dynamics
  Nick Bloom, Stephen Bond and John Van Reenen #12383 (EFG, PR)
  
• ICT Use in the Developing World: An Analysis of Differences in Computer and Internet Penetration
  Menzie D. Chinn and Robert W. Fairlie #12382 (IFM)
  
• Railroads and Local Economic Development: The United States in the 1850s
  Michael R. Haines and Robert A. Margo #12381 (DAE)
  
• Using a Hedonic Model of Solar Radiation to Assess the Economic Effect of Climate Change: The Case of Mosel Valley Vineyards
  Orley Ashenfelter and Karl Storchmann #12380 (PE)
  

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Week of July 17-July 24, 2006

• Charting the Economic Life Cycle
  Ronald Lee, Sang-Hyop Lee and Andrew Mason #12379 (AG)
  
• The Loss Aversion / Narrow Framing Approach to the Equity Premium Puzzle
  Nicholas Barberis and Ming Huang #12378 (AP)
  
• Using Target Efficiency to Select Program Participants and Risk-Factor Models: An Application to Child Mental Health Interventions for Preventing Future Crime
  David S. Salkever, Stephen Johnston, Mustafa C. Karakus, Nicholas Ialongo and Eric Slade #12377 (HC)
  
• Flight-to-Quality or Flight-to-Liquidity? Evidence From the Euro-Area Bond Market
  Alessandro Beber, Michael W. Brandt and Kenneth A. Kavajecz #12376 (AP, IFM)
  
• Divorce, Fertility and the Shot Gun Marriage
  Alberto Alesina and Paola Giuliano #12375 (LE, PE)
  
• The Effects of HMO and Its For-Profit Expansion on the Survival of Specialized Hospital Services
  Yu-Chu Shen #12374 (HC)
  
• China's Embrace of Globalization
  Lee Bransetter and Nicholas Lardy #12373 (ITI)
  
• Outsourcing Jobs? Multinationals and US Employment
  Ann E. Harrison and Margaret S. McMillan #12372 (ITI, LS)
  
• Fifty Million Voters Can't Be Wrong: Economic Self-Interest and Redistributive Politics
  Jacob L. Vigdor #12371 (PE, POL)
  
• Evaluating Welfare with Nonlinear Prices
  Peter C. Reiss and Matthew W. White #12370 (IO)
  
• Biological Gender Differences, Absenteeism and the Earning Gap
  Andrea Ichino and Enrico Moretti #12369 (LS)
  
• The Effect of Court-Ordered Hiring Quotas on the Composition and Quality of Police
  Justin McCrary #12368 (LS, PE)
  
• Determinants and Consequences of Bargaining Power in Households
  Leora Friedberg and Anthony Webb #12367 (AG)
  
• Welfare Work Requirements with Paternalistic Government Preferences
  Robert Moffitt #12366 (LS, PE)
  
• Why Has CEO Pay Increased So Much?
  Xavier Gabaix and Augustin Landier #12365 (AP, EFG, LS)
  
• A Model of Social Interactions and Endogenous Poverty Traps
  Roland G. Fryer, Jr. #12364 (ED, LS, PE)
  

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Week of July 10-July 17, 2006

• Real Exchange Rate and International Reserves in the Era of Growing Financial and Trade Integration
  Joshua Aizenman and Daniel Riera-Crichton #12363 (IFM, ITI)
  
• In Search of Distress Risk
  John Y. Campbell, Jens Hilscher and Jan Szilagyi #12362 (AP, EFG, ME)
  
• Nursing Home Quality as a Public Good
  David C. Grabowski, Jonathan Gruber and Joseph J. Angelelli #12361 (AG, HC)
  
• A Skeptical Appraisal of Asset-Pricing Tests
  Jonathan Lewellen, Stefan Nagel and Jay Shanken #12360 (AP)
  
• Agency Conflicts, Asset Substitution, and Securitization
  Yingjin Hila Gan and Christopher Mayer #12359 (CF, IO)
  
• Efficiency in Family Bargaining: Living Arrangements and Caregiving Decisions of Adult Children and Disabled Elderly Parents
  Liliana E. Pezzin, Robert A. Pollak and Barbara S. Schone #12358 (AG, LS)
  
• Sustainability, Debt Management, and Public Debt Policy in Japan
  Takero Doi, Toshihiro Ihori and Kiyoshi Mitsui #12357 (IFM, PE)
  
• Inside the Family Firm: The Role of Families in Succession Decisions and Performance
  Morten Bennedsen, Kasper M. Nielsen, Francisco Pérez-González and Daniel Wolfenzon #12356 (CF)
  
• Superstar Cities
  Joseph Gyourko, Christopher Mayer and Todd Sinai #12355 (AP, PE)
  

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