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New This Week Archive

NBER Working Papers released in the past, by week.

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Week of September 17, 1999

• The Quality of Ideas: Measuring Innovation with Multiple Indicators
  Jean O. Lanjouw and Mark Schankerman #7345 (PR)
  
• Self-Employment, Family Background, and Race
  Michael Hout and Harvey S. Rosen #7344 (LS)
  
• Work, Welfare, and Child Maltreatment
  Christina Paxson and Jane Waldfogel #7343 (CH)
  
• Congressional Vote Options
  David C. King and Richard J. Zeckhauser #7342 (PE)
  
• CAViaR: Conditional Value at Risk By Quantile Regression
  Robert F. Engle and Simone Manganelli #7341 (AP)
  
• Import Diversion under European Antidumping Policy
  Hylke Vandenbussche, Jozef Konings, and Linda Springael #7340 (ITI)
  
• Incentive Effects of Social Security Under an Uncertain Disability Option
  Axel Börsch-Supan #7339 (AG, PE)
  
• No Single Currency Regime is Right for all Countries or at All Times
  Jeffrey A. Frankel #7338 (IFM)
  
• The Market Microstructure of Central Bank Intervention
  Kathryn M. Dominguez #7337 (AP, IFM)
  
• The Determinants of Cross-Border Equity Flows
  Richard Portes and Hélène Rey #7336 (IFM)
  
• Empire-Builders and Shirkers: Investment, Firm Performance, and Managerial Incentives
  Rajesh K. Aggarwal and Andrew A. Samwick #7335 (CF, IO)
  
• Performance Incentives Within Firms: The Effect of Managerial Responsibility
  Rajesh K. Aggarwal and Andrew A. Samwick #7334 (CF, LS)
  
• Causal Parameters and Policy Analysis in Economics: A Twentieth Century Retrospective
  James L. Heckman #7333 (LS, ME, PE)
  
• The Changing Distribution of Job Satisfaction
  Daniel S. Hamermesh #7332 (LS)
  
• Modeling the Impacts of Market Activity on Bid-Ask Spreads in the Option Market
  Young-Hye Cho and Robert F. Engle #7331 (AP)
  
• Time-Varying Betas and Asymmetric Effect of News: Empirical Analysis of Blue Chip Stocks
  Young-Hye Cho and Robert F. Engle #7330 (AP)
  
• Evidence on Learning and Network Externalities in the Diffusion of Home Computers
  Austan Goolsbee and Peter J. Klenow #7329 (IO)
  
• The Phillips Curve is Back? Using Panel Data to Analyze the Relationship Between Unemployment and Inflation in an Open Economy
  John DiNardo and Mark P. Moore #7328 (LS)
  
• The Quality of Health Care Providers
  Mark McClellan and Douglas Staiger #7327 (AG, HC)
  
• The Economics of Residential Solid Waste Management
  Thomas C. Kinnaman and Don Fullerton #7326 (PE)
  
• Stock Repurchases in Canada: Performance and Strategic Trading
  David Ikenberry, Josef Lakonishok, and Theo Vermaelen #7325 (AP)
  
• Comparing Hospital Quality at For-Profit and Not-for-Profit Hospitals
  Mark McClellan and Douglas Staiger #7324 (AG, HC)
  
• Assessing Affirmative Action
  Harry Holzer and David Neumark #7323 (LS)
  
• Estimating the Payoff to Attending a More Selective College: An Application of Selection on Observables and Unobservables
  Stacy Berg Dale and Alan B. Krueger #7322 (CH, LS)
  
• A Brief History of Education in the United States
  Claudia Goldin #H0119 (DAE)
  

Week of August 27, 1999

• Comparing the Economic and Conventional Approaches to Financial Planning
  Jagadeesh Gokhale, Laurence J. Kotlikoff, and Mark J. Warshawsky #7321 (AG)
  
• Pensions and Retiree Health Benefits in Household Wealth: Changes from 1969 to 1992
  Alan L. Gustman and Thomas L. Steinmeier #7320 (AG)
  
• Bankers on Boards: Monitoring, Conflicts of Interest, and Lender Liability
  Randall S. Kroszner and Philip E. Strahan #7319 (CF, IO, LE, ME)
  
• Delays in Claiming Social Security Benefits
  Courtney Coile, Peter Diamond, Jonathan Gruber, and Alain Jousten #7318 (AG, LS, PE)
  
• Order Flow and Exchange Rate Dynamics
  Martin D. D. Evans and Richard K. Lyons #7317 (AP, IFM)
  
• An Efficiency Approach to the Evaluation of Policy Changes
  Stephen Coate #7316 (PE)
  
• Political Economy, Sectoral Shocks, and Border Enforcement
  Gordon H. Hanson and Antonio Spilimbergo #7315 (ITI)
  
• Pre-Retirement Cashouts and Foregone Retirement Saving: Implications for 401(k) Asset Accumulation
  James M. Poterba, Steven F. Venti, and David A. Wise #7314 (A, PE)
  
• New Directions for Stochastic Open Economy Models
  Maurice Obstfeld and Kenneth Rogoff #7313 (IFM, ME)
  
• The Choice of Structural Model in Trade-Wages Decompositions
  Lisandro Abrego and John Whalley #7312 (ITI)
  
• Understanding How Price Responds to Costs and Production
  Mark Bils and Yongsung Chang #7311 (EFG)
  
• What Inventory Behavior Tells Us about Business Cycles
  Mark Bils and James A. Kahn #7310 (EFG)
  
• Wages and the Allocation of Hours and Effort
  Mark Bils and Yongsung Chang #7309 (EFG)
  
• Costs of Air Quality Regulation
  Randy A. Becker and J. Vernon Henderson #7308 (PE)
  
• The Impact of Employer-Provided Health Insurance on Dynamic Employment Transitions
  Donna B. Gilleskie and Byron F. Lutz #7307 (HC)
  
• The Impact of Young Workers on the Aggregate Labor Market
  Robert Shimer #7306 (EFG, LS)
  
• The Environmental Regime in Developing Countries
  Raghbendra Jha and John Whalley #7305 (IO)
  
• The Crisis of Germany's Pension Insurance System and How It Can Be Resolved
  Hans-Werner Sinn #7304 (PE)
  
• Incomplete Contracts and Industrial Organization
  Gene M. Grossman and Elhanan Helpman #7303 (IO)
  
• The Fallacy of the Fiscal Theory of the Price Level
  Willem H. Buiter #7302 (IFM, ME)
  
• The Effects of Environmental Policy on the Performance of Environmental RJVs
  Yannis Katsoulacos, Alistair Ulph, and David Ulph #7301 (PE)
  
• Economic Imperialism
  Edward P. Lazear #7300 (LS)
  
• News About News: Information Arrival and Irreversible Investment
  Allen Drazen and Plutarchos Sakellaris #T0244 (TWP)
  

Week of August 20, 1999

• A Cross-National Analysis of the Effects of Minimum Wages on Youth Employment
  David Neumark and William Wascher #7299 (LS, CH)
  
• Green Taxes and Administrative Costs: The Case of Carbon Taxation
  Sjak Smulders and Herman R.J. Vollebergh #7298 (PE)
  
• An Industry-Adjusted Index of State Environmental Compliance Costs
  Arik Levinson #7297 (PE)
  
• The Government as Litigant: Further Tests of the Case Selection Model
  Theodore Eisenberg and Henry S. Farber #7296 (LS)
  
• Have Employment Reductions Become Good News for Shareholders? The Effect of Job Loss Announcements on Stock Prices, 1970 - 97
  Henry S. Farber and Kevin F. Hallock #7295 (LS)
  
• Measuring the Effects of Arbitration on Wage Levels: The Case of Police Officers
  Orley Ashenfelter and Dean Hyslop #7294 (LS)
  
• Domestic Policies, National Sovereignty and International Economic Institutions
  Kyle Bagwell and Robert W. Staiger #7293 (ITI)
  
• Affiliates of U.S. and Japanese Multinationals in East Asian Production and Trade
  Robert E. Lipsey #7292 (ITI)
  
• Health Insurance and Less Skilled Workers
  Janet Currie and Aaron Yelowitz #7291 (HC, LS)
  
• Are Whites Still "Fleeing"? Racial Patterns and Enrollment Shifts in Urban Public Schools, 1987-1996
  Charles T. Clotfelter #7290 (PE)
  
• Are There Returns to the Wages of Young Men from Working While in School?
  V. Joseph Hotz, Lixin Xu, Marta Tienda, and Avner Ahituv #7289 (CH)
  
• Policies to Foster Human Capital
  James J. Heckman #7288 (CH, LS, PE)
  
• The Evolving Market for Catastrophic Event Risk
  Kenneth A. Froot #7287 (AP)
  
• The Market for Catastrophe Risk: A Clinical Examination
  Kenneth A. Froot #7286 (AP)
  
• Organizational Change in French Manufacturing : What Do We Learn From Firm Representatives and From Their Employees?
  Nathalie Greenan and Jacques Mairesse #7285 (PR)
  
• Comparing Asset Pricing Models: An Investment Perspective
  Luboš Pástor and Robert F. Stambaugh #7284 (AP)
  
• Too Much of a Good Thing? The Economics of Investment in R&D
  Charles I. Jones and John C. Williams #7283 (PR, EFG)
• The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence
  Olivier Blanchard and Justin Wolfers #7282 (EFG, ME)
  
• Efficiency Effects on the U.S. Economy from Wireless Taxation
  Jerry Hausman #7281 (PE)
  
• The U.S. Patent System in Transition: Policy Innovation and the Innovation Process
  Adam B. Jaffe #7280 (PR)
  
• The Concentration of Medical Spending: An Update
  David M. Cutler and Ellen Meara #7279 (HC)
  
• Industrialization and Health in Historical Perspective
  Richard H. Steckel #H0118 (DAE)
  

Week of August 6, 1999

• Tradable Deficit Permits: Efficient Implementation of the Stability Pact in the European Monetary Union
  Alessandra Casella #7278 (IFM, ITI)
  
• Race and Home Ownership, 1900 to 1990
  William J. Collins and Robert A. Margo #7277 (DAE)
  
• Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability
  Lars E.O. Svensson #7276 (IFM, ME)
  
• Size and Growth of Japanese Plants in the United States
  Bruce A. Blonigen and KaSaundra Tomlin #7275 (ITI)
  
• The Effects of Direct Foreign Investment on Local Communities
  David N. Figlio and Bruce A. Blonigen #7274 (ITI)
  
• The Competition between Competition Rules
  Hans-Werner Sinn #7273 (PE)
  
• Liquidity Crises in Emerging Markets: Theory and Policy
  Roberto Chang and Andrés Velasco #7272 (IFM)
  
• Consumption Over the Life Cycle
  Pierre-Olivier Gourinchas and Jonathan A. Parker #7271 (IFM, EFG)
  
• ABC at Insteel Industries
  V.G. Narayanan and Ratna G. Sarkar #7270 (PR)
  
• An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output
  Olivier Blanchard and Roberto Perotti #7269 (EFG, ME)
  
• Taxing Retirement Income: Nonqualified Annuities and Distributions from Qualified Accounts
  Jeffrey R. Brown, Olivia S. Mitchell, James M. Poterba, and Mark J. Warshawsky #7268 (AG, PE)
  
• No Contagion, Only Interdependence: Measuring Stock Market Co-movements
  Kristin Forbes and Roberto Rigobon #7267 (AP, IFM)
  
• Is Hospital Competition Socially Wasteful?
  Daniel P. Kessler and Mark B. McClellan #7266 (HC)
  
• International Institutions for Reducing Global Financial Instability
  Kenneth Rogoff #7265 (IFM)
  
• Trade and Growth: Import-Led or Export-Led? Evidence from Japan and Korea
  Robert Z. Lawrence and David E. Weinstein #7264 (ITI)
  
• Can Capital Mobility be Destabilizing?
  Qinglai Meng and Andrés Velasco #7263 (IFM)
  
• Determinants of Smoking Cessation: An Analysis of Young Adult Men and Women
  John A. Tauras and Frank J. Chaloupka #7262 (HE)
  
• Optimal Monetary Policy Inertia
  Michael Woodford #7261 (EFG, ME)
  
• Quality Certification and the Economics of Contract Software Development: A Study of the Indian Software Industry
  Ashish Arora and Jai Asundi #7260 (PR)
  
• A Tax on Output of the Polluting Industry is not a Tax on Pollution: The Importance of Hitting the Target
  Don Fullerton, Inkee Hong, and Gilbert E. Metcalf #7259 (PE)
  
• Is There Monopsony in the Labor Market? Evidence from a Natural Experiment
  Douglas Staiger, Joanne Spetz, and Ciaran Phibbs #7258 (HC)
  
• The Band Pass Filter
  Lawrence J. Christiano and Terry J. Fitzgerald #7257 (EFG)
  
• Assessing the Impact of Organizational Practices on the Productivity of University Technology Transfer Offices: An Exploratory Study
  Donald Siegel, David Waldman, and Albert Link #7256 (PR)
  
• The Japanese Recession of the 1990's: An Exploration of Its Causes
  Albert Ando #7255
  
• Distortionary Taxation, Excessive Price Sensitivity, and Japanese Land Prices
  Kiyohiko G. Nishimura, Fukujyu Yamazaki, Takako Idee, and Toshiaki Watanabe #7254 (PE)
  
• Are All Banking Crises Alike? The Japanese Experience in International Comparison
  Michael Hutchison and Kathleen McDill #7253 (ME)
  
• Tax Policy and Consumer Spending: Evidence from Japanese Fiscal Experiments
  Katsunori Watanabe, Takayuki Watababe, and Tsutomu Watanabe #7252 (PE)
  
• Determinants of the Japan Premium: Actions Speak Louder than Words
  Joe Peek and Eric S. Rosengren #7251 (ME)
  
• The Japanese Banking Crisis: Where Did It Come From and How Will It End?
  Takeo Hoshi and Anil Kashyap #7250 (CF)
  
• Environmental Policy and Firm Behavior: Abatement Investment and Location Decisions under Uncertainty and Irreversibility
  Anastasios Xepapadeas #T0243 (TWP)
  

Week of July 30, 1999

• The Dynamics of Educational Attainment for Blacks, Hispanics, and Whites
  Stephen V. Cameron and James J. Heckman #7249 (LS, PE, C)
  
• Local Academic Science Driving Organizational Change: The Adoption of Biotechnology by Japanese Firms
  Michael R. Darby and Lynne G. Zucker #7248 (P)
  
• Japan's Big Bang and the Transformation of Financial Markets
  Takatoshi Ito and Michael Melvin #7247 (AP, IFM)
  
• Explaining the Cross-Section of Stock Returns in Japan: Factors or Characteristics?
  Kent Daniel, Sheridan Titman, and K.C. John Wei #7246 (AP)
  
• Liquidity Traps: How to Avoid Them and How to Escape Them
  Willem H. Buiter and Nikolaos Panigirtzoglou #7245 (IFM, ME)
  
• Tax Structure and Government Behavior: Implications for Tax Policy
  Roger H. Gordon and John D. Wilson #7244 (PE)
  
• Worklife Determinants of Retirement Income Differentials Between Men and Women
  Phillip B. Levine, Olivia S. Mitchell, and John W. Phillips #7243 (A, LS)
  
• Violating the Law of One Price: Should We Make A Federal Case Out of It?
  Charles Engel and John H. Rogers #7242 (IFM)
  
• Characteristics of TQM: Evidence from the RIT/USA Today Quality Cup Competition
  Joshua G. Rosett and Richard N. Rosett #7241 (P)
  
• Social Approval, Values, and AFDC: A Re-Examination of the Illegitimacy Debate
  Thomas J. Nechyba #7240 (PE, C)
  
• A Model of Multiple Districts and Private Schools: The Role of Mobility, Targeting and Private School Vouchers
  Thomas J. Nechyba #7239 (PE)
  
• Spendthrift in America? On Two Decades of Decline in the U.S. Saving Rate
  Jonathan A. Parker #7238 (EFG)
  
• Explaining the Poor Performance of Consumption-Based Asset Pricing Models
  John Y. Campbell and John H. Cochrane #7237 (AP, EFG)
  
• The Extent and Consequences of Downward Nominal Wage Rigidity
  Joseph G. Altonji and Paul J. Devereux #7236 (LS)
  
• Estimating Returns to Schooling When Schooling is Misreported
  Thomas J. Kane, Cecilia Elena Rouse, and Douglas Staiger #7235 (C, LS)
  
• Expectations, Credibility, and Time-Consistent Monetary Policy
  Peter N. Ireland #7234 (ME)
  
• Crisis Prevention: Lessons from Mexico and East Asia
  Sebastian Edwards #7233 (IFM)
  
• Federalism and Takeover Law: The Race to Protect Managers from Takeovers
  Lucian Arye Bebchuk and Allen Ferrell #7232 (LE)
  
• The Transmission Mechanism of Monetary Policy in Europe: Evidence from Banks' Balance Sheets
  Carlo A. Favero, Francesco Giavazzi and Luca Flabbi #7231 (IFM, ME)
  
• Accounting For Heterogeneity, Diversity and General Equilibrium In Evaluating Social Programs
  James J. Heckman #7230 (PE, LS)
  
• Union Success in Representation Elections: Why Does Unit Size Matter?
  Henry S. Farber #7229 (LS)
  
• Exchange Rates in Emerging Economies: What Do We Know? What Do We Need to Know?
  Sebastian Edwards and Miguel A. Savastano #7228 (IFM)
  
• The Impact of U.S. News & World Report College Rankings On Admission Outcomes and Pricing Decisions at Selective Private Institutions
  James Monks and Ronald G. Ehrenberg #7227 (LS, C)
  
• Testing for Structural Breaks in the Evaluation of Programs
  Anne Morrison Piehl, Suzanne J. Cooper, Anthony A. Braga, David M. Kennedy #7226 (LS, C)
  
• The Supply of Quality in Child Care Centers
  David M. Blau and H. Naci Mocan #7225 (C)
  
• Explaining Inequality the World Round: Cohort Size, Kuznets Curves, and Openness
  Matthew Higgins and Jeffrey G. Williamson #7224 (DAE, ITI, LS)
  
• The Stock Market Valuation of Research and Development Expenditures
  Louis K.C. Chan, Josef Lakonishok, and Theodore Sougiannis #7223 (AP)
  
• Product Differentiation and the Use of Information Technology: New Evidence from the Trucking Industry
  Atreya Chakraborty and Mark Kazarosian #7222 (P)
  
• Health Care Capital Financing Agencies: The Intergovernmental Roles of Quasi-Government Authorities and the Impact on the Cost of Capital
  Alec Ian Gershberg, Michael Grossman, and Fred Goldman #7221 (HE, PE)
  
• Prospect Theory and Asset Prices
  Nicholas Barberis, Ming Huang, and Tano Santos #7220 (AP)
  
• Structural Breaks in Emerging Market Capital Flows
  Geert Bekaert, Campbell R. Harvey, and Robin L. Lumsdaine #7219 (AP)
  
• Job Destruction and the Experiences of Displaced Workers
  Wouter J. den Haan, Garey Ramey, and Joel Watson #7218 (EFG)
  
• Education and Income in the Early 20th Century: Evidence from the Prairies
  Claudia Goldin and Lawrence F. Katz #7217 (DAE, LS)
  
• What is Social Capital? The Determinants of Trust and Trustworthiness
  Edward L. Glaeser, David Laibson, Jose A. Scheinkman, and Christine L. Soutter #7216 (LS)
  
• On Mutual Fund Investment Styles
  Louis K.C. Chan, Hsiu-Lang Chen, and Josef Lakonishok #7215 (AP)
  
• Behavioralize This! International Evidence on Autocorrelation Patterns of Stock Index and Futures Returns
  Dong-Hyun Ahn, Jacob Boudoukh, Matthew Richardson, and Robert F. Whitelaw #7214 (AP)
  
• A Multifactor, Nonlinear, Continuous-Time Model of Interest Rate Volatility
  Jacob Boudoukh, Matthew Richardson, Richard Stanton, and Robert F. Whitelaw #7213 (AP)
  
• Revealing Comparative Advantage: Chaotic or Coherent Patterns Across Time and Sector and U.S. Trading Partner?
  J. David Richardson and Chi Zhang #7212 (ITI)
  
• Political Contagion in Currency Crises
  Allan Drazen #7211 (IFM)
  
• Sample Selection in the Estimation of Air Bag and Seat Belt Effectiveness
  Steven D. Levitt and Jack Porter #7210 (LE, PE)
  
• Understanding the Determinants of Managerial Ownership and the Link Between Ownership and Performance
  Charles P. Himmelberg, R. Glenn Hubbard, and Darius Palia #7209 (CF)
  
• What Determines Firm Size?
  Krishna B. Kumar, Raghuram G. Rajan, and Luigi Zingales #7208 (CF)
  
• Fiscal Policy, Profits, and Investment
  Alberto Alesina, Silvia Ardagna, Roberto Perotti, and Fabio Schiantarelli #7207 (ME, PE)
  
• Privatizing the Privatized
  Aaron Tornell #7206 (IFM)
  
• Managed Care
  Sherry Glied #7205 (HC, HE)
  
• The Value of Reductions in Child Injury Mortality in the U.S.
  Sherry Glied #7204 (HC, HE)
  
• A Rent-Protection Theory of Corporate Ownership and Control
  Lucian Arye Bebchuk #7203 (LE)
  
• Reserve Uncertainty and the Supply of International Credit
  Joshua Aizenman and Nancy Marion #7202 (IFM)
  
• Stakes and Stars: The Effect of Intellectual Human Capital on the Level and Variability of High-Tech Firms' Market Values
  Michael R. Darby, Qiao Liu, and Lynne G. Zucker #7201 (P)
  

Week of July 2, 1999

• The Labor Supply Effects of the Social Security Earnings Test
  Leora Friedberg #7200 (A, PE)
  
• Joint Life Annuities and Annuity Demand by Married Couples
  Jeffrey R. Brown and James M. Poterba #7199 (A)
  
• Advances in Cost-Effectiveness Analysis of Health Interventions
  Alan M. Garber #7198 (HC)
  
• Monopsonistic Discrimination and the Gender Wage Gap
  Erling Barth and Harald Dale-Olsen #7197 (LS)
  
• International Trade and Factor Mobility: An Empirical Investigation
  Linda S. Goldberg and Michael W. Klein #7196 (IFM, ITI)
  
• Is Globalization Today Really Different than Globalization a Hundred Years Ago?
  Michael D. Bordo, Barry Eichengreen, and Douglas A. Irwin #7195 (DAE, ITI, IFM)
  
• Impacts of the Indonesian Economic Crisis: Price Changes and the Poor
  James Levinsohn, Steven Berry, and Jed Friedman #7194 (IFM, ITI)
  
• Are the Elderly Really Over-Annuitized? New Evidence on Life Insurance and Bequests
  Jeffrey R. Brown #7193 (A, PE)
  
• Asset Location in Tax-Deferred and Conventional Savings Accounts
  John B. Shoven and Clemens Sialm #7192 (A, AP, PE)
  
• Private Pensions, Mortality Risk, and the Decision to Annuitize
  Jeffrey R. Brown #7191 (A, PE)
  

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