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New This Week Archive

NBER Working Papers released in the past, by week.

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Week of March 29, 2004

Latest NBER Working Papers

• Does the Market Value R&D Investment by European Firms? Evidence from a Panel of Manufacturing Firms in France, Germany, and Italy
  Bronwyn H. Hall and Raffaele Oriani #10408 (IO, P)
  
• On the Undesirability of Commodity Taxation Even When Income Taxation is Not Optimal
  Louis Kaplow #10407 (PE)
  
• New Forecasts of the Equity Premium
  Christopher Polk, Samuel Thompson, and Tuomo Vuolteenaho #10406 (AP)
  
• Mergers and the Composition of International Commerce
  Volker Nocke and Stephen Yeaple #10405 (ITI)
  
• Timeliness, Trade and Agglomeration
  James Harrigan and Anthony J. Venables #10404 (ITI)
  
• Incentives in Corporations: Evidence from the American Whaling Industry
  Eric Hilt #10403 (DAE)
  
• What Explains the Stock Market's Reaction to Federal Reserve Policy?
  Ben S. Bernanke and Kenneth N. Kuttner #10402 (ME)
  
• Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias
  Orley Ashenfelter and Michael Greenstone #10401 (HE, LS, LE)
  
• The Institutions of Monetary Policy
  Mervyn King #10400 (EFG, IFM, ME, PE)
  

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Week of March 22, 2004

Latest NBER Working Papers

• Top Wealth Shares in the United States, 1916-2000: Evidence from Estate Tax Returns
  Wojciech Kopczuk and Emmanuel Saez #10399 (EFG, LS, PE)
  
• Microeconomic Flexibility in Latin America
  Ricardo J. Caballero, Eduardo M.R.A. Engel, and Alejandro Micco #10398 (EFG, LS)
  
• Agreeing Now to Agree Later: Contracts that Rule Out but do not Rule in
  Oliver Hart and John Moore #10397 (CF)
  
• The Trilemma in History: Tradeoffs among Exchange Rates, Monetary Policies, and Capital Mobility
  Maurice Obstfeld, Jay C. Shambaugh, and Alan M. Taylor #10396 (DAE, IFM)
  
• Valuing Assets in Retirement Saving Accounts
  James Poterba #10395 (A, AP, PE)
  
• Public Debt Management in Brazil
  Francesco Giavazzi and Alessandro Missale #10394 (IFM)
  
• Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period
  Maurice Obstfeld, Jay C. Shambaugh, and Alan M. Taylor #10393 (IFM, ME)
  
• Rule-of-Thumb Consumers and the Design of Interest Rate Rules
  Jordi Gali, J. David Lopez-Salido, and Javier Valles #10392 (EFG, ME)
  
• Transparency of Information and Coordination in Economies with Investment
  George-Marios Angeletos and Alessandro Pavan #10391 (EFG)
  
• Inflation Targeting and Debt: Lessons from Brazil
  Carlo A. Favero and Francesco Giavazzi #10390 (IFM)
  
• Fiscal Dominance and Inflation Targeting: Lessons from Brazil
  Olivier Blanchard #10389 (EFG, IFM, ME)
  
• An Empirical Analysis of the Economic Impact of Federal Terrorism Reinsurance
  Jeffrey R. Brown, J. David Cummins, Christopher M. Lewis, and Ran Wei #10388 (PE)
  
• Business Cycles in Emerging Economies: The Role of Interest Rates
  Pablo A. Neumeyer and Fabrizio Perri #10387 (EFG)
  
• Consumer Demand for Health Information on the Internet
  M. Kate Bundorf, Laurence Baker, Sara Singer, and Todd Wagner #10386 (HE, P)
  
• Legislative Representation, Bargaining Power, and the Distribution of Federal Funds: Evidence from the U.S. Senate
  Brian Knight #10385 (PE)
  
• Tracking the Source of the Decline in GDP Volatility: Analysis of the Automobile
  Valerie A. Ramey and Daniel J. Vine #10384 (EFG)
  
• Nominal Wage Rigidities in Mexico: Evidence from Social Security Records
  Sara G. Castellanos, Rodrigo García-Verdú, and David S. Kaplan #10383 (LS)
  
• Employer-Sponsored Disability Insurance: Where are the Gaps in Coverage?
  Helen Levy #10382 (HE, LS, PE)
  

  Chapters for Forthcoming NBER Books

  Introduction to "Emerging Labor Market Institutions for the 21st Century"
  edited by Richard B. Freeman, Joni Hersch and Lawrence Mishel
  Comment by Keiko Ito on "The Effects of Overseas Investment on Domestic Employment"
  
  "An Anatomy of International Trade: Evidence from French Firms"
  Jonathan Eaton, Samuel Kortum and Francis Kramarz

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Week of March 15, 2004

Latest NBER Working Papers

• Mortality Risk and Educational Attainment of Black and White Men
  Li Gan and Guan Gong #10381 (A)
  
• Business Environment and Firm Entry: Evidence from International Data
  Leora Klapper, Luc Laeven and Raghuram Rajan #10380 (CF)
  
• A New Micro Model of Exchange Rate Dynamics
  Martin D.D. Evans and Richard K.Lyons #10379 (IFM)
  
• Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies
  Bruce A. Blonigen and Miao Wang #10378 (IO)
  
• Transaction Prices and Managed Care Discounting for Selected Medical Technologies: A Bargaining Approach
  Avi Dor, Michael Grossman, and Siran M. Koroukian #10377 (HE)
  
• From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition
  Dani Rodrik and Arvind Subramanian #10376 (EFG, IFM)
  
• Government Gains from Self-Restraint: A Bargaining Theory of Inefficient Redistribution
  Allan Drazen and Nuno Limao #10375 (EFG, PE)
  
• Pay or Pray? The Impact of Charitable Subsidies on Religious Attendance
  Jonathan Gruber #10374 (PE)
  
• A Meta-Analysis of the Effect of Common Currencies on International Trade
  Andrew W. Rose #10373 (IFM, ITI)
  
• Dynamic Portfolio Selection by Augmenting the Asset Space
  Michael W. Brandt and Pedro Santa-Clara #10372 (AP)
  
• Inequality, Technology, and the Social Contract
  Roland Benabou #10371 (EFG, PE)
  
• Do College Instructors Matter? The Effects of Adjuncts and Graduate Assistants on Students' Interests and Success
  Eric Bettinger and Bridget Terry Long #10370 (ED)
  
• Shape Up or Ship Out: The Effects of Remediation on Students at Four-Year Colleges
  Eric Bettinger and Bridget Terry Long #10369 (ED)
  
• Three Strikes and You're Out: Reply to Cooper and Willis
  Ricardo J. Caballero and Eduardo M.R.A. Engel #10368 (EFG, LS)
  

  Chapters for Forthcoming NBER Books

  "Port Efficiency, Maritime Transport Costs and Bilateral Trade"
  Ximena Clark, David Dollar and Alejandro Micco
  "The Effects of Structural Reforms on Productivity and Profitability Enhancing Reallocation: Evidence from Colombia"
  Marcela Eslava, John Haltiwanger, Adriana Kugler and Maurice Kugler
  "Slow Recoveries"
  Raphael Bergoeing, Norman Loayza and Andrea Repetto
  "Unlocking Housing Equity in Japan"
  Olivia S. Mitchell and John Piggott
  "Nominal Wage Rigidities in Mexico: Evidence from Social Security Records"
  Sara G. Castellanos, Rodrigo García-Verdú and David S. Kaplan
  "Firm Dynamics, Investment, and Debt Portfolio: Balance Sheet Effects of the Mexican Crisis of 1994"
  Sangeeta Pratap and Carlos Urrutia
  "Once Again, Is Openness Good for Growth?"
  Ha Yan Lee, Luca Antonio Ricci and Roberto Rigobon

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Week of March 8, 2004

Latest NBER Working Papers

• The Effect of Structural Reforms on Productivity and Profitability Enhancing Reallocation: Evidence from Colombia
  Marcela Eslave, John Haltiwanger, Adriana Kugler, and Maurice Kugler #10367 (EFG, P)
  
• Would the Elimination of Affirmative Action Affect Highly Qualified Minority Applicants? Evidence from California and Texas
  David Card, and Alan B. Krueger #10366 (C, Ed, LS, PE)
  
• The Impact of Nearly Universal Insurance Coverage on Health Care Utilization and Health: Evidence from Medicare
  David Card, Carlos Dobkin, and Nicole Maestas #10365 (HC)
  
• Labor Productivity in Britain and America During the Nineteenth Century
  Stephen N. Broadberry and Douglas A. Irwin #10364 (DAE, ITI)
  
• The Dynamics of Seller Reputation: Theory and Evidence from eBay
  Luis Cabral and Ali Hortacsu #10363 (IO)
  
• Monetary and Fiscal Policy Switching
  Troy Davig, Eric M. Leeper, and Hess Chung #10362 (EFG)
  
• Subjective Outcomes in Economics
  Daniel S. Hamermesh #10361 (LS)
  
• Productivity Growth and Disinflation in Chile
  Jose De Gregorio #10360 (IFM)
  

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Week of March 1, 2004

Latest NBER Working Papers

• Interpreting the Predictions of Prediction Markets
  Charles F. Manski #10359
  
• The Effect of Financial Development on Convergence: Theory and Evidence
  Philippe Aghion, Peter Howitt, and David Mayer-Foulkes #10358 (EFG)
  
• Tax Policy and Education Policy: Collision or Coordination? A Case Study of the 529 and Coverdell Saving Incentives
  Susan M. Dynarski #10357 (ED, PE, C)
  
• How Well Can the New Open Economy Macroeconomics Explain the Exchange Rate and Current Account?
  Paul R. Bergin #10356 (IFM)
  
• Equity Style Returns and Institutional Investor Flows
  Kenneth A. Froot and Melvyn Teo #10355 (AP)
  
• Interest Rates and Backward-Bending Investment
  Raj Chetty #10354 (EFG, ME, PE)
  
• Port Efficiency, Maritime Transport Costs, and Bilateral Trade
  Ximena Clark, David Dollar, and Alejandro Micco #10353 (ITI)
  
• Fibonacci and the Financial Revolution
  William N. Goetzmann #10352 (AP)
  
• Business Cycle Accounting
  V.V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan #10351 (EFG)
  
• Co-Worker Complementarity and the Stability of Top Management Teams
  Rachel M. Hayes, Paul Oyer and Scott Schaefer #10350 (LS, LE)
  
• Do Foreign Students Crowd Out Native Students from Graduate Programs?
  George J. Borjas #10349 (ED, LS)
  
• Transaction Structures in the Developing World
  Josh Lerner and Antoinette Schoar #10348 (CF)
  
• On the Distributional Consequences of Child Labor Legislation
  Dirk Krueger and Jessica Tjornhom Donohue #10347 (EFG, LS, C)
  
• Technological Innovations and Endogenous Changes in U.S. Legal Institutions, 1790-1920
  B. Zorina Khan #10346 (DAE, LE)
  
• Time-Inconsistency and Welfare
  Jay Bhattacharya and Darius Lakdawalla #10345 (HE)
  
• Dissecting Trade: Firms, Industries, and Export Destinations
  Jonathan Eaton, Samuel Kortum, and Francis Kramarz #10344 (IFM, ITI)
  
• Portfolio Diversification and City Agglomeration
  William N. Goetzmann, Massimo Massa, and Andrei Simonov #10343 (AP)
  
• The European Union: A Politically Incorrect View
  Alberto Alesina and Roberto Perotti #10342 (EFG, ME, PE)
  
• Minimum Asset Requirements and Compulsory Liability Insurance As Solutions to the Judgment-Proof Problem
  Steven Shavell #10341 (LE)
  
• Unlocking Housing Equity in Japan
  Olivia S. Mitchell and John Piggott #10340 (A)
  
• Who Bears the Burden of Social Insurance?: Evidence from Japanese Health and Long-term Care Insurance Data
  Kohei Komamura and Atsuhiro Yamada #10339 (A, LS, PE)
  
• What Really Happened to Consumption Inequality in the US?
  Orazio Attanasio, Erich Battistin, and Hidehiko Ichimura #10338 (EFG)
  
• Capital Controls, Liberalizations, and Foreign Direct Investment
  Mihir A. Desai, C. Fritz Foley, and James R. Hines Jr.#10337 (CF, IFM, ITI)
  
• A Risk Management Approach to Emerging Market's Sovereign Debt Sustainability with an Application to Brazilian Data
  Marcio Garcia and Roberto Rigobon #10336 (IFM)
  
• From the Valley to the Summit: The Quiet Revolution that Transformed Women's Work
  Claudia Goldin #10335 (DAE, LS)
  
• Coordination vs. Differentiation in a Standards War: 56K Modems
  Angelique Augereau, Shane Greenstein, and Marc Rysman #10334 (IO, P)
  
• Are Policy Platforms Capitalized into Equity Prices? Evidence from the Bush/Gore 2000 Presidential Election
  Brian Knight #10333 (AP, PE)
  
• The Revived Bretton Woods System: The Effects of Periphery Intervention and Reserve Management on Interest Rates and Exchange Rates in Center Countries
  Michael P. Dooley, David Folkerts-Landau, and Peter Garber #10332 (IFM)
  
• The Long Road to the Fast Track: Career and Family
  Claudia Goldin #10331 (DAE, LS)
  
• Empirical Estimates for Environmental Policy Making in a Second-Best Setting
  Sarah E. West and Roberton C. Williams #10330 (PE, ENV)
  

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Week of February 23, 2004

Latest NBER Working Papers

• Good vs. Bad Deflation: Lessons from the Gold Standard Era
  Michael Bordo, John Landon Lane and Angela Redish #10329 (DAE, ME)
  
• The Expanding Pharmaceutical Arsenal in the War on Cancer
  Frank Lichtenberg #10328 (HC, P)
  
• Flight to Quality, Flight to Liquidity, and the Pricing of Risk
  Dimitri Vayanos #10327 (AP)
  
• The Consequences of Rigid Wages in Search Models
  Robert Shimer #10326 (EFG, LS)
  
• Production Function and Wage Equation Estimation with Heterogeneous Labor: Evidence from a New Matched Employer-Employee Data Set
  Judith K. Hellerstein and David Neumark #10325 (LS, P)
  
• The Illusion of Sustainability
  Michael Kremer and Edward Miguel #10324 (EFG, HC, PE)
  
• Market Power vs. Efficiency Effects of Mergers and Research Joint Ventures: Evidence from the Semiconductor Industry
  Ralph Siebert and Klaus Gugler #10323 (IO, P)
  
• The (Un)Changing Geographical Distribution of Housing Tax Benefits: 1980-2000
  Todd Sinai and Joseph Gyourko #10322 (PE)
  
• Taxation and Corporate Payout Policy
  James Poterba #10321 (CF, PE)
  
• Household vs. Personal Accounts of the U.S. Labor Market, 1965-2000
  Casey B. Mulligan and Yona Rubinstein #10320 (LS, PE)
  
• Surviving the U.S. Import Market: The Role of Product Differentiation
  Tibor Besedes and Thomas J. Prusa #10319 (ITI)
  
• Is the Invisible Hand Discerning or Insdiscriminate? Investment and Stock Prices in the Aftermath of Capital Account Liberalizations
  Anusha Chari and Peter Blair Henry #10318 (CF, IFM)
  
• International Trade and Child Labor: Cross-Country Evidence
  Eric Edmonds and Nina Pavcnik #10317 (C, ITI. LS)
  
• Why Do Americans Work so Much More Than Europeans?
  Edward C. Prescott #10316 (A, EFG, PE)
  
• Putting Computerized Instruction to the Test: A Randomized Evaluation of a "Scientifically-based Reading Program
  Cecilia Elean Rouse and Alan B. Krueger #10315 (C, Ed)
  
• Globalization and the Gains from Variety
  Christian Broda and David E. Weinstein #10314 (ITI)
  
• Ethnic Diversity and Economic Performance
  Alberto Alesina and Eliana La Ferrara #10313 (EFG, PE)
  
• Opportunities, Race, and Urban Location: The Influence of John Kain
  Edward L. Glaeser, Eric A. Hanushek, and John M. Quigley #10312 (LE, PE)
  
• Changes in the Disparities in Chronic Disease during the Course of the Twentieth Century
  Robert W. Fogel #10311 (A, DAE, HE)
  

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Week of February 16, 2004

Latest NBER Working Papers

• The Economic Future of Europe
  Olivier Blanchard #10310 (EFG)
  
• Technology Shocks in the New Keynesian Model
  Peter N. Ireland #10309 (EFG)
  
• Asbestos and the Future of Mass Torts
  Michelle J. White #10308 (LE)
  
• Consumption vs. Expenditure
  Mark Aguiar and Erik Hurst #10307 (EFG)
  
• Rearranging the Family? Income Support and Elderly Living Arrangements in a Low Income Country
  Eric Edmonds, Kristin Mammen, and Douglas L. Miller #10306 (C)
  

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Week of February 9, 2004

Latest NBER Working Papers

• Personal Accounts and Family Retirement
  Alan L. Gustman and Thomas L. Steinmeier #10305 (A, LS, PE)
  
• Does "Aggregation Bias" Explain the PPP Puzzle?
  Shiu-Sheng Chen and Charles Engel #10304 (ITI)
  
• Robustness of Productivity Estimates
  Johannes Van Biesebroeck #10303 (P)
  
• The Economics of Latin American Art: Creativity Patterns and Rates of Return
  Sebastian Edwards #10302 (AP)
  
• Did Dividends Increase Immediately After the 2003 Reduction in Tax Rates?
  Jennifer L. Blouin, Jana Smith-Raedy, and Douglas A. Shackelford #10301 (PE)
  
• Market Integration and Economic Development: A Long-run Comparison
  Wolfgang Keller and Carol H. Shiue #10300 (ITI, P)
  
• The Best of Times, the Worst of Times: Health and Nutrition in Pre-Columbian America
  Richard H. Steckel #10299 (DAE)
  
• Interest Rates and Initial Public Offerings
  Boyan Jovanovic and Peter L. Rousseau #10298 (CF, EFG, ME)
  

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Week of February 2, 2004

Latest NBER Working Papers

• Dynamics of Labor Demand: Evidence from Plant-level Observations and Aggregate Implications
  Russell W. Cooper, John C. Haltiwanger, and Jonathan Willis #10297 (EFG, LS, P)
  
• Serial Default and the "Paradox" of Rich to Poor Capital Flows
  Carmen M. Reinhart and Kenneth S. Rogoff #10296 (EFG, IFM)
  
• How Do Banks Set Interest Rates?
  Leonardo Gambacorta #10295 (ME)
  
• Aggregate Supply and Potential Output
  Assaf Razin #10294 (IFM, ME)
  
• The Positive Link Between Financial Liberalization, Growth and Crises
  Aaron Tornell, Frank Westermann, and Lorenza Martinez #10293 (IFM)
  
• Subsidy Agreements
  Kyle Bagwell and Robert W. Staiger #10292 (ITI)
  
• How Much Equity Does the Government Hold?
  Alan J. Auerbach #10291 (CF, PE)
  
• Monetary and Fiscal Remedies for Deflation
  Alan J. Auerbach and Maurice Obstfeld #10290 (EFG, IFM, ME, PE)
  
• NAFTA and Mexico's Less-Than-Stellar Performance
  Aaron Tornell, Frank Westermann, and Lorenza Martinez #10289 (IFM)
  
• Legal Regime and Business's Organizational Choice
  Naomi R. Lamoreaux and Jean-Laurent Rosenthal #10288 (DAE)
  
• Mandatory Unbundling and Irreversible Investment in Telecom Networks
  Robert S. Pindyck #10287 (IO)
  
• Self-Employment: More may not be better
  David G. Blanchflower #10286 (LS)
  
• ENTICE-BR: The Effects of Backstop Technology R&D on Climate Policy Models
  David Popp #10285 (P)
  

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Week of January 26, 2004

Latest NBER Working Papers

• Capital Controls: Mud in the Wheels of Market Discipline
  Kristin J. Forbes #10284 (IFM)
  
• Equilibrium Policy Experiments and the Evaluation of Social Programs
  Jeremy Lise, Shannon Seitz, and Jeffrey Smith #10283 (LS, PE)
  
• Social Security and Unsecured Debt
  Erik Hurst and Paul Willen #10282 (AP, PE)
  
• The Demand for Sons: Evidence from Divorce, Fertility, and Shotgun Marriage
  Gordon B. Dahl and Enrico Moretti #10281 (LS,C)
  
• Monetary Policy and the Volatility of Real Exchange Rates in New Zealand
  Kenneth D. West #10280 (IFM, ME)
  
• Cross-country Conversion Factors for Sectoral Productivity Comparisons
  Johannes Van Biesebroeck #10279 (P)
  
• Demand Estimation with Heterogeneous Consumers and Unobserved Product Characteristics: A Hedonic Approach
  C. Lanier Benkard and Patrick Bajari #10278 (IO)
  
• Financial Openness, Sudden Stops and Current Account Reversals
  Sebastian Edwards #10277 (IFM)
  
• Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops
  Sebastian Edwards #10276 (IFM)
  
• Tax-Motivated Trading by Individual Investors
  Zoran Ivkovich, James Poterba, and Scott Weisbenner #10275 (PE)
  
• Single Mothers Working at Night: Standard Work, Child Care Subsidies, and Implications for Welfare Reform
  Erdal Tekin #10274 (LS,PE)
  
• Reported Incomes and Marginal Tax Rates, 1960-2000: Evidence and Policy Implications
  Emmanuel Saez #10273 (PE)
  
• Chaotic Interest Rate Rules: Expanded Version
  Jess Benhabib, Stephanie Schmitt-Grohe, and Martin Uribe #10272 (EFG, ME)
  
• Does Copyright Piracy Pay? The Effects of U.S. International Copyright Laws on the Market for Books, 1790-1920
  B. Zorina Khan #10271 (DAE, LE, P)
  
• The Declining Equity Premium: What Role Does Macroeconomic Risk Play?
  Martin Lettau, Sydney C. Ludvigson, and Jessica A. Wachter #10270 (AP)
  
• Does Competition Destroy Ethical Behavior?
  Andrei Shleifer #10269 (CF, IO, LS, LE)
  
• Deflation and Depression: Is There an Empirical Link?
  Andrew Atkeson and Patrick Kehoe #10268 (EFG, ME)
  
• Accounting for Exchange Rate Variability in Present-Value Models When the Discount Factor is Near One
  Charles Engel and Kenneth D. West #10267 (IFM,AP)
  
• Life-Cycle Consumption and the Age-Adjusted Value of Life
  Thomas J. Kniesner, W. Kip Viscusi and James P. Ziliak #10266 (HE, LE)
  
• Does Illiquidity Alter Child Labor and Schooling Decisions? Evidence from Household Responses to Anticipated Cash Transfers in South Africa
  Eric V. Edmonds #10265 (C)
  
• Investor Behavior in the Option Market
  Josef Lakonishok, Inmoo Lee, and Allen M. Poteshman #10264 (AP)
  
• Inflation Illusion and Stock Prices
  John Y. Campbell and Tuomo Vuolteenaho #10263 (EFG, ME, AP)
  
• What do Aggregate Consumption Euler Equations Say about the Capital Income Tax Burden?
  Casey B. Mulligan #10262 (EFG, PE)
  
• Deep Habits
  Morten Ravn, Stephanie Schmitt-Grohe, and Martin Uribe #10261 (EFG, IO)
  
• Are Americans Saving "Optimally" for Retirement?
  John Karl Scholz, Ananth Seshadri, and Surachai Khitatrakun #10260 (A, PE)
  
• Why Are Most Funds Open-End? Competition and the Limits of Arbitrage
  Jeremy C. Stein #10259 (CF, AP)
  
• R&D Investments with Competitive Interactions
  Kristian R. Miltersen and Eduardo S. Schwartz #10258 (IO, P, AP)
  
• Is here a Retirement-Consumption Puzzle? Evidence Using Subjective Retirement Expectations
  Steven J. Haider and Melvin Stephens Jr. #10257 (EFG, A, LS)
  
• Market Culture: How Norms Governing Exploding Offers Affect Market Performance
  Muriel Niederle and Alvin E. Roth #10256 (IO, LS)
  

  Chapters for Forthcoming NBER Books

  Introduction to "International Trade," EASE Volume 14, edited by Takatoshi Ito and Andrew K. Rose
  "Reported Incomes and Marginal Tax Rates, 1960-2000: Evidence and Policy Implications"
  Emmanuel Saez
  "Tax Policy and Education Policy: Collision or Coordination? A Case Study of the 529 and Coverdell Saving Incentives"
  Susan Dynarsk
  "Wage Rigidities in Mexico: Evidence from Social Security Records"
  Sara G. Castellanos, Rodrigo García-Verdú and David S. Kaplan
  "Financing Consumption in an Aging Japan: The Role of Foreign Capital Inflows and Immigration"
  Robert Dekle
  "Who Bears the Burden of Social Insurance? Evidence from Japanese Health and Long-Term Care Insurance Data"
  Kohei Komamura and Atsuhiro Yamada
  "Falling Trade Costs, Heterogeneous Firms, and Industry Dynamics"
  Andrew B. Bernard, J. Bradford Jensen and Peter K. Schott
  "Learning from Exporting: Plant-Level Evidence from Indonesia's Trade Liberalization"
  Garrick Blalock and Paul Gertler
  "Productivity Growth and Disinflation in Chile"
  José De Gregorio
  "Social Security and the Well-Being of the Elderly: Three Concepts of Generosity"
  Pierre Pestieau
  "Productivity: Competition, Embodied Technology and Heterogeneous Response to Tariff Reduction: Evidence from Brazilian Manufacturing Firms"
  Adriana Schor

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Week of January 19, 2004

Latest NBER Working Papers

• A Monte Carlo Study of Growth Regressions
  William R. Hauk, Jr. and Romain Wacziarg #T0296 (TWP)
  
• The Great Depression and the Friedman-Schwartz Hypothesis
  Lawrence J. Christiano, Roberto Motto, and Massimo Rostagno #10255 (EFG, ME)
  
• The Response of Hours to a Technology Stock: Evidence Based on Direct Measures of Technology
  Lawrence J. Christiano, Martin Eichenbaum, and Robert Vigfusson #10254 (EFG)
  
• Optimal Simple and Implementable Monetary and Fiscal Rules
  Stephanie Schmitt-Grohe and Martin Uribe #10253 (ME)
  
• A Search for Multiple Equilibria in Urban Industrial Structure
  Donald R. Davis and David E. Weinstein #10252 (IO, PE)
  
• Air Pollution and Infant Health: What Can We Learn From California's Recent Experience?
  Janet Currie and Matthew Neidell #10251(ENV, HE, C)
  
• Tight Clothing: How the MFA Affects Asian Apparel Exports
  Carolyn L. Evans and James Harrigan #10250 (ITI)
  
• National Sovereignty in an Interdependent World
  Kyle Bagwell and Robert W. Staiger #10249 (ITI)
  
• Persuasion in Politics
  Kevin Murphy and Andrei Shleifer #10248 (EFG)
  
• How Well Do Parents With Young Children Combine Work and Family Life?
  Christopher J. Ruhm #10247 (C)
  
• Financial Development and the Instability Of Open Economies
  Philippe Aghion, Philippe Bacchetta and Abhijit Banerjee #10246(EFG, IFM)
  
• A Scapegoat Model of Exchange Rate Fluctuations
  Philippe Bacchetta and Eric van Wincoop #10245(IFM)
  
• Fooling Ourselves: Evaluating the Globalization and Growth Debate
  James Levinsohn and Juan Carlos Hallak #10244 (ITI)
  
• The Labor Market Effects of the 1960s Riots
  William J. Collins and Robert A. Margo #10243 (DAE, LS)
  
• How Financial Aid Affects Persistence
  Eric Bettinger #10242 (ED)
  
• Bureaucrats or Politicians?
  Alberto Alesina and Guido Tabellini #10241 (EFG, PE)
  
• Incentives vs. Control: An Analysis of U.S. Dual-Class Companies
  Paul A. Gompers, Joy Ishii, and Andrew Metrick #10240 (CF, AP)
  
• Is it is or is it Ain't my Obligation? Regional Debt in Monetary Unions
  Russell Cooper, Hubert Kempf, and Dan Peled #10239 (EFG)
  
• Investment Prices and Exchange Rates: Some Basic Facts
  Ariel Burstein, Joao C. Neves and Sergio Rebelo #10238 (EFG, IFM)
  
• Knowledge Management, Innovation and Productivity: A Firm Level Exploration Based on French Manufacturing CIS3 Data
  Elizabeth Kremp and Jacques Mairesse #10237 (P)
  
• Financial Development and Growth in the Short and Long Run
  Raymond Fisman and Inessa Love #10236 (CF, EFG)
  
• The Geography of Stock Market Participation: The Influence of Communities and Local Firms
  Jeffrey R. Brown, Zoran Ivkovich, Paul A. Smith and Scott J. Weisbenner #10235 (AP, PE)
  
• Population and Regulation
  Casey B. Mulligan and Andrei Shleifer #10234 (EFG, IO, PE)
  
• Market Reactions to Export Subsidies
  Mihir A. Desai and James R. Hines Jr. #10233 (ITI, AP, PE)
  
• On the Desirability of Fiscal Constraints in a Monetary Union
  V.V. Chari and Patrick J. Kehoe #10232 (EFG, IFM)
  
• Efficiency with Endogenous Population Growth
  Mikhail Golosov, Larry E. Jones, and Michele Tertilt #10231 (EFG)
  
• Helping the Poor to Help Themselves: Debt Relief or Aid
  Serkan Arslanalp and Peter Blair Henry #10230 (IFM)
  
• Some Simple Analytics of School Quality
  Eric A. Hanushek #10229 (ED, LS, PE, C)
  

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Week of January 5, 2004

Latest NBER Working Papers

• Optimal Integration Strategies for the Multinational Firm
  James J. Choi, David Laibson, Brigitte C. Madrian, and Andrew Metrick #10228 (AP)
  
• What Happens When Child Care Inspections and Complaints Are Made Available on the Internet?
  Ann Dryden Witte and Magaly Queralt #10227 (C)
  
• Interpersonal Effects in Consumption: Evidence from the Automobile Purchases of Neighbors
  Mark Grinblatt, Matti Keloharju, and Seppo Ikaheimo #10226 (AP)
  
• World Markets for Raising New Capital
  Brian J. Henderson and Michael S. Weisbach #10225 (CF, IFM)
  
• Private Benefits and Cross-Listings in the United States
  Evangelos Benos and Michael S. Weisbach #10224 (CF)
  
• The New New Financial Thing: The Sources of Innovation Before and After State Street
  Josh Lerner #10223 (CF, P)
  
• Why Do Some Firms Give Stock Options to All Employees?: An Empirical Examination of Alternative Theories
  Paul Oyer and Scott Schaefer #10222 (CF, LS, LE)
  
• Compensating Employees Below the Executive Ranks: A Comparison of Options, Restricted Stock, and Cash
  Paul Oyer and Scott Schaefer #10221 (CF, LS, LE)
  
• Measuring the Effects of Monetary Policy: A Factor-Augmented Vector Autoregessive (FAVAR) Approach
  Ben S. Bernanke, Jean Boivin, and Piotr Eliasz #10220 (ME)
  
• How Large are the Classification Errors in the Social Security Disability Award Process?
  Hugo Benitez-Silva, Moshe Buchinsky, and John Rust #10119 (A, LS, PE)
  
• Aggregate Short Interest and Market Valuations
  Owen A. Lamont and Jeremy C. Stein #10218 (AP)
  
• Is Debt Relief Efficient?
  Serkan Arslanalp and Peter Blair Henry #10217 (IFM)
  
• The Absent-Minded Consumer
  John Ameriks, Andrew Caplin, and John Leahy #10216 (EFG)
  
• The Effect of Job Security Regulations on Labor Market Flexibility: Evidence from the Colombian Labor Market Reform
  Adriana Kugler #10215 (LS)
  
• Family Cap Provisions and Changes in Births and Adoptions
  Ted Joyce, Robert Kaestner, Sanders Korenman, and Stanley Henshaw #10214 (HE, PE, C)
  
• A Portrait of the Artist as a Young or Old Innovator: Measuring the Careers of Modern Novelists
  David W. Galenson #10213 (LS)
  
• Innovation and Diffusion
  Bronwyn H. Hall #10212 (P)
  
• Consumption Commitments, Unemployment Durations, and Local Risk Aversion
  Raj Chetty #10211 (EFG, LS, AP, PE)
  
• Robust Aggregate Implications of Stochastic Discount Factor Volatility
  Casey B. Mulligan #10210 (EFG, AP)
  
• Physical and Human Capital Deepening and New Trade Patterns in Japan
  Keiko Ito and Kyoji Fukao #10209 (ITI)
  
• Exporting and Performance of Plants: Evidence from Korean Manufacturing
  Chin Hee Hahn #10208 (ITI)
  
• Does the WTO Make Trade More Stable?
  Andrew K. Rose #10207 (ITI)
  
• Does the Length of Maternity Leave Affect Maternal Health?
  Pinka Chatterji and Sara Markowitz #10206 (HE)
  
• Foreign Lobbies and US Trade Policy
  Kishore Gawande, Pravin Krishna, and Michael J. Robbins #10205 (ITI)
  
• Managed Care, Drug Benefits and Mortality: An Analysis of the Elderly
  Gautam Gowrisankaran and Robert J. Town #10204 (HE)
  

  Chapters for Forthcoming NBER Books

  Comments by Chin Hee Hahn on "Physical and Human Capital Deepening and New Trade Patterns in Japan," by Keiko Ito and Kyoji Fukao and "The Effects of Financial Crises on International Trade," by Zihui Ma and Leonard Cheng
  Introduction to "Measuring Capital in the New Economy," edited by Carol Corrado, John Haltiwanger and Daniel Sichel
  "Measuring Capital and Technology: An Expanded Framework"
  Carol Corrado, Charles Hulten and Daniel Sichel
  Remarks by Baruch Lev and Robert E. Hall on private-sector approaches to accounting for intangible assets
  Comment by Edward C. Prescott on "Measuring Capital and Technology: An Expanded Framework," by Carol Corrado, Charles Hulten and Daniel Sichel
  Comment by Timothy F. Bresnahan on "The Measurement of Firm-Specific Organization Capital," by Baruch Lev and Suresh Radhakrishnan
  Comment by Katharine G. Abraham on "The Relation among Human Capital, Productivity and Market Value: Building Up from Micro Evidence," by John Abowd, John Haltiwanger, Ron Jarmin, Julia Lane, Paul Lengermann, Kristin McCue, Kevin McKinney and Kristin Sandusky
  Comment by Eric J. Bartelsman on "Pharmaceutical Knowledge-Capital Accumulation and Longevity," by Frank R. Lichtenberg
  Comment by Barry Bosworth on "Information Processing Equipment and Software in the National Accounts," by Bruce T. Grimm, Brent R. Moulton and David B. Wasshausen
  Comment by Michael J. Harper on "Growth of U.S. Industries and Investments in Information Technology and Higher Education," by Dale W. Jorgenson, Mun S. Ho and Kevin J. Stiroh
  Comment by Frank C. Wykoff on "Measuring Capital," by Erwin Diewert
  "The Role and Functioning of Public-Interest Legal Organizations in the Enforcement of the Employment Laws"
  Christine Jolls

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