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New This Week Archive

NBER Working Papers released in the past, by week.

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Week of September 18, 1998

• How Did the Dollar Peg Fail in Asia?
  Takatoshi Ito, Eiji Ogawa, and Yuri Nagataki Sasaki #6729
  
• 'Tax Sparing'and Direct Investment in Developing Countries
  James R. Hines, Jr. #6728
  
• The Quality of Government
  Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert Vishny #6727
  
• Foundations of Incomplete Contracts
  Oliver Hart and John Moore #6726
  
• The Determinants of Corporate Venture Capital Successes: Organizational Structure, Incentives, and Complementarities
  Paul A. Gompers and Josh Lerner #6725
  

Week of September 11, 1998

• Dating the Integration of World Equity Markets
  Geert Bekaert, Campbell R. Harvey, and Robin L. Lumsdaine #6724
  
• Institutional Investors and Equity Prices
  Paul A. Gompers and Andrew Metrick #6723
  
• Social Security Money's Worth
  John Geanakoplos, Olivia S. Mitchell, and Stephen P. Zeldes #6722
  
• Double Trouble: On the Value of Twins-Based Estimation of the Return to Schooling
  John Bound and Gary Sloan #6721
  
• International Trade Aspects of Competition Policy
  Sadao Nagaoka #6720
  
• The Economics of Social Security Reform
  Peter Diamond #6719
  
• Education, Earnings, and the Canadian G.I. Bill
  Thomas Lemieux and David Card #6718
  
• Improper Churn: Social Costs and Macroeconomic Consequences
  Ricardo J. Caballero and Mohamad L. Hammour #6717
  
• Continuing Progress? Trends in Occupational Segregation in the United States Over the 1970s and 1980s
  Francine D. Blau, Patricia Simpson, and Deborah Anderson #6716
  
• Sect, Subsidy, and Sacrifice: An Economist's View of Ultra- Orthodox Jews
  Eli Berman and Ruth Klinov #6715
  
• Extended Benefits and the Duration of UI Spells: Evidence from the New Jersey Extended Benefits Program
  David Card and Phillip B. Levine #6714
  
• Would a Privatized Social Security System Really Pay a Higher Rate of Return?
  John Geanakoplos, Olivia S. Mitchell, and Stephen P. Zeldes #6713
  

Week of September 4, 1998

• The Division and Size of Gains from Liberalization of Service Networks
  Keshab Bhattarai and John Whalley #6712
  
• Import Penetration and the Politics of Trade Protection
  Giovanni Maggi and Andres Rodriguez-Clare #6711
  
• Health, Government, and Irving Fisher
  Victor R. Fuchs #6710
  
• Recent Trends in Employer-Sponsored Health Insurance Coverage: Are Bad Jobs Getting Worse?
  Henry S. Farber and Helen Levy #6709
  
• Tax Arbitrage and Labor Supply
  Jonas Agell and Mats Persson #6708
  
• Is Free Trade Good for the Environment?
  Werner Antweiler, Brian R. Copeland, and M. Scott Taylor #6707
  
• Hospital Ownership and Cost and Quality of Care: Is There a Dime's Worth of Difference?
  Frank A. Sloan, Gabriel A. Picone, Donald H. Taylor, and Shin-Yi Chou #6706
  
• Derivatives Usage in Risk Management by US and German Non-Financial Firms: A Comparative Survey
  Gordon M. Bodnar and Gunther Gebhardt #6705
  
• Does Exchange Rate Stability Increase Trade and Capital Flows?
  Philippe Bacchetta and Eric van Wincoop #6704
  
• Capital Mobility in a Second Best World -- Moral Hazard With Costly Financial Intermediation
  Joshua Aizenman #6703
  
• Diffusion Indexes
  James H. Stock and Mark W. Watson #6702
  

Week of August 28, 1998

• Change, Consolidation, and Competition in Health Care Markets
  Martin Gaynor and Deborah Haas-Wilson #6701
  
• On the Dynamics of Trade Reform
  Rui Albuquerque and Sergio Rebelo #6700
  
• Characterizing Selection Bias Using Experimental Data
  James Heckman, Hidehiko Ichimura, Jeffrey Smith, and Petra Todd #6699
  
• Proofs and Prototypes for Sale: The Tale of University Licensing
  Richard Jensen and Marie Thursby #6698
  
• Oil Prices and the Terms of Trade
  David K. Backus and Mario J. Crucini #6697
  
• Research, Innovation, and Productivity: an Econometric Analysis at the Firm Level
  Bruno Crepon, Emmanuel Duguet, and Jacques Mairesse #6696
  
• Incentives in Organizations
  Robert Gibbons #6695
  
• Risk and Exchange Rates
  Maurice Obstfeld and Kenneth Rogoff #6694
  
• Tax Reform and the Dutch Labor Market: An Applied General Equilibrium Approach
  A. Lans Bovenberg, Johan J. Graafland, and Ruud A. de Mooij #6693
  

Week of August 21, 1998

• The Causes of American Business Cycles: An Essay in Economic Historiography
  Peter Temin #6692
  
• Teachers, Schools, and Academic Achievement
  Eric A. Hanushek, John F. Kain, and Steven G. Rivkin #6691
  
• Does Special Education Raise Academic Achievement for Students with Disabilities?
  Eric A. Hanushek, John F. Kain, and Steven G. Rivkin #6690
  
• Least-Present-Value-of-Revenue Auctions and Highway Franchising
  Eduardo M.R.A. Engel, Ronald D. Fischer, and Alexander Galetovic #6689
  
• The Impact of Transfer Pricing on Intrafirm Trade
  Kimberly A. Clausing #6688
  
• The Portfolio Flows of International Investors, I
  Kenneth A. Froot, Paul G.J. O'Connell, and Mark S. Seasholes #6687
  
• Efficient Unemployment Insurance
  Daron Acemoglu and Robert Shimer #6686
  
• Why Do Countries Subsidize Investment and Not Employment?
  Clemens Fuest and Bernd Huber #6685
  
• The A-K Model -- Its Past, Present, and Future
  Laurence J. Kotlikoff #6684
  
• Risk Premia and Term Premia in General Equilibrium
  Andrew A. Abel #6683
  

Week of August 14, 1998

• EMU: Ready, or Not?
  Maurice Obstfeld #6682
  
• Effects of Pensions on Savings: Analysis with Data from the Health and Retirement Study
  Alan L. Gustman and Thomas L. Steinmeier #6681
  
• The Onset of the East Asian Financial Crisis
  Steven Radelet and Jeffrey Sachs #6680
  
• Effects of Work-Related Absences on Families: Evidence from the Gulf War
  Joshua D. Angrist and John H. Johnson, IV #6679
  
• A Simple Approach for Deciding When to Invest
  Jonathan B. Berk #6678
  
• Prices and Productivity in Managed Care Insurance
  David M. Cutler, Mark McClellan, and Joseph P. Newhouse #6677
  
• Are Investment Incentives Blunted by Changes in Prices of Capital Goods?
  Kevin A. Hassett and R. Glenn Hubbard #6676
  
• Nominal Income Targeting in an Open-Economy Optimizing Model
  Bennett T. McCallum and Edward Nelson #6675
  
• The Pay to Performance Incentives of Executive Stock Options
  Brian J. Hall #6674
  
• LAPM: A Liquidity-based Asset Pricing Model
  Bengt Holmstrom and Jean Tirole #6673
  
• Converting Hospitals from Not-for-profit to For-profit Status
  David M. Cutler and Jill R. Horwitz #6672
  
• On the Won and Other East Asian Currencies
  Menzie D. Chinn #6671
  

Week of August 7, 1998

• Consequences of Employment Protection? The Case of the Americans With Disabilities Act
  Daron Acemoglu and Joshua Angrist #6670
  
• Capital Flows and the Behavior of Emerging Market Equity Returns
  Geert Bekaert and Campbell R. Harvey #6669
  
• Trade Flows and Wage Premiums: Does Who or What Matter?
  Mary E. Lovely and J. David Richardson #6668
  
• Sales Taxes and Prices: An Empirical Analysis
  Timothy J. Besley and Harvey S. Rosen #6667
  
• Testing for Market Microstructure Effects in Intraday Volatility: A Reassessment of the Tokyo FX Experiment
  Torben G. Anderson, Tim Bollerslev, and Ashish Das #6666
  
• State Versus Private Ownership
  Andrei Shleifer #6665
  
• Dunning Delinquent Dads: The Effects of Child Support Enforcement Policy on Child Support Receipt by Never Married Women
  Richard B. Freeman and Jane Waldfogel #6664
  
• Paasche vs. Laspeyres: The Elasticity of Substitution and Bias in Measures of TFP Growth
  Alwyn Young #6663
  
• The Complexity of Job Mobility Among Young Men
  Derek Neal #6662
  
• Do Foreign Investors Destabilize Stock Markets? The Korean Experience in 1997
  Hyuk Choe, Bong-Chan Kho, and Rene M. Stulz #6661
  
• Some Costs and Benefits of Price Stability in the United Kingdom
  Hasan Bakhshi, Andrew G. Haldane, and Neal Hatch #6660
  
• Fiscal Institutions and Public Sector Labor Markets
  James M. Poterba and Kim S. Rueben #6659
  

Week of July 31, 1998

• Changes in Unemployment and Wage Inequality
  Daron Acemoglu #6658
  
• Alternative Estimates of Productivity Growth in the NICs: A Comment on the Findings of Chang-Tai Hsieh
  Alwyn Young #6657
  
• Are Insiders' Trades Informative?
  Josef Lakonishok and Inmoo Lee #6656
  
• Financial Consolidation: Dangers and Opportunities
  Frederic S. Mishkin #6655
  
• Notes on Growth Accounting
  Robert J. Barro #6654
  
• Meals on Wheels: Restaurant and Home Meal Production and the Exemption of Food from Sales and Value Added Taxes
  Aled Ab Iorwerth and John Whalley #6653
  
• Investment, Fundamentals and Finance
  Simon Gilchrist and Charles Himmelberg #6652
  
• Minimum Wages and Training Revisited
  David Neumark and William Wascher #6651
  
• Is Job Stability in the United States Falling? Reconciling Trends in the Current Population Survey and Panel Study of Income Dynamics
  David A. Jaeger and Ann Huff Stevens #6650
  
• Bank Capital and Portfolio Management: The 1930's Capital Crunch and Scramble to Shed Risk
  Charles W. Calomiris and Berry Wilson #6649
  
• Performance Evaluation with Transactions Data: The Stock Selection of Investment Newsletters
  Andrew Metrick #6648
  

Week of July 24, 1998

• Accounting for Growth
  Jeremy Greenwood and Boyan Jovanovic #6647
  
• A Frictionless View of U.S. Inflation
  John H. Cochrane #6646
  
• How Will Defined Contribution Retirement Pension Plans Affect Retirement Income?
  Andrew A. Samwick and Jonathan Skinner #6645
  
• Fee Speech: Adverse Selection and the Regulation of Mutual Fund Fees
  Sanjiv Ranjan Das and Rangarajan K. Sundaram #6644
  
• Labor Market Integration Before the Civil War
  Robert A. Margo #6643
  
• Provide, Provide: The Economics of Aging
  Victor R. Fuchs #6642
  
• Social Security and Institutions for Intergenerational, Intragenerational and International Risk Sharing
  Robert J. Shiller #6641
  
• Tax Reform and Target Savings
  Andrew A. Samwick #6640
  
• On the Regulation of Fee Structures in Mutual Funds
  Sanjiv Ranjan Das and Rangarajan K. Sundaram #6639
  
• Wages, Skills and Technology in the United States and Canada
  Kevin M. Murphy, W. Craig Riddell, and Paul M. Romer #6638
  
• What Drives Deregulation? Economics and Politics f the Relaxation of Bank Branching Restrictions
  Randall S. Kroszner and Philip E. Strahan #6637
  
• What Hides Behind an Unemployment Rate: Comparing Portuguese and U.S. Unemployment
  Olivier Blanchard and Pedro Portugal #6636
  
• A Direct Approach to Arbitrage-Free Pricing of Credit Derivatives
  Sanjiv R. Das and Rangarajan K. Sundaram #6635
  
• The Other Side of the Tradeoff: The Impact of Risk on Executive Compensation
  Rajesh Aggarwal and Andrew A. Samwick #6634
  
• Capital Movements, Asset Values, and Banking Policy in Globalized Markets
  Edward J. Kane #6633
  

Week of July 17, 1998

• What Do Technology Shocks Do?
  John Shea #6632
  
• Poisson-Guassian Processes and the Bond Markets
  Sanjiv R. Das #6631
  
• The Immigrant and Native-Born Wage Distributions: Evidence from United States Censuses
  Kristin F. Butcher and John DiNardo #6630
  
• The Effects of Alcohol Regulation on Physical Child Abuse
  Sara Markowitz and Michael Grossman #6629
  
• Overcoming Informational Barriers to International Resource Allocation: Prices and Group Ties
  James E. Rauch and Alessandra Casella #6628
  
• Optimal Investment, Growth Options and Security Returns
  Jonathan Berk, Richard C. Green, and Vasant Naik #6627
  

Week of July 10, 1998

• Effort and Wages: A New Look at the Inter-Industry Wage Differentials
  Edward E. Leamer and Christopher Thornberg #6626
  
• Corporate Ownership Around the World
  Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer #6625
  
• Comparing Capital Mobility Across Provincial and National Borders
  John F. Helliwell and Ross McKitrick #6624
  
• Derivatives in International Capital Flow
  Peter M. Garber #6623
  
• Comparing Capital Mobility Across Provincial and National Borders
  Jeffrey I. Bernstein and David E.M. Sappington #6622
  
• Taxation and the Labor Supply: Decisions of the Affluent
  Robert A. Moffitt and Mark Wilhem #6621
  
• Current Account Reversals and Currency Crises: Empirical Regularities
  Gian Maria Milesi-Ferretti and Assaf Razin #6620
  
• Notes on the Role of TARGET in a Stage III Crisis
  Peter M. Garber #6619
  
• Interest-Rate Rules in an Estimated Sticky Price Model
  Julio J. Rotemberg and Michael Woodford #6618
  
• Junior Can't Borrow: A New Perspective on the Equity Premium Puzzle
  George M. Constantinides, John B. Donaldson, and Rajnish Mehra #6617
  
• Capital Gains Tax Rules, Tax Loss Trading and Turn-of-the-Year Returns
  James M. Poterba and Scott J. Weisbenner #6616
  
• Investment Ramifications of Distortionary Tax Subsidies
  James R. Hines Jr. #6615
  
• Coveting Thy Neighbor's Manufacturing: The Dilemma of State Income Apportionment
  Austan Goolsbee and Edward L. Maydew #6614
  
• Crime and the Timing of Work
  Daniel S. Hamermesh #6613
  
• Who Gives Foreign Aid to Whom and Why?
  Alberto Alesina and David Dollar #6612
  

Week of July 3, 1998

• Approximate Equilibrium Asset Prices
  Fernando Restoy and Philippe Weil #6611
  
• The Pay-As-You-Go Pension System as a Fertility Insurance and Enforcement Drive
  Hans-Werner Sinn #6610
  
• International Trade and American Wages in General Equilibrium, 1967 - 1995
  James Harrigan #6609
  
• The Liquidity Effect and Long-Run Neutrality
  Ben S. Bernanke and Ilian Mihov #6608
  
• A Comparison of Linear and Nonlinear Univariate Models for Forecasting Macroeconomic Time Series
  James H. Stock and Mark W. Watson #6607
  
• Financial Crises in Emerging Markets: A Canonical Model
  ] Roberto Chang and Andres Velasco #6606
  
• What Does Affirmative Action Do?
  Harry J. Holzer and David Neumark #6605
  
• The Simple Economics of Labor Standards and the GATT
  Kyle Bagwell and Richard W. Staiger #6604
  
• Social Security's Treatment of Postwar Americans
  Steven Caldwell, Melissa Favreault, Alla Gantman, Jagadeesh Gokhale, Thomas Johnson, and Laurence J. Kotlikoff #6603
  
• What Do Prosecutors Maximize? An Analysis of Drug Offenders and Concurrent Jurisdiction
  Edward L. Glaeser, Daniel P. Kessler, and Anne Morrison Piehl #6602
  
• The Allocation of Publicly-Funded Biomedical Research
  Frank R. Lichtenberg #6601
  
• An Empirical Framework for Testing Theories About Complementarity in Organizational Design
  Susan Athey and Scott Stern #6600
  

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