NBER Working Papers

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14315: Demand Estimation Under Incomplete Product Availability

Christopher T. Conlon and Julie Holland Mortimer

14314: Teacher Preparation and Student Achievement

Donald Boyd, Pamela Grossman, Hamilton Lankford, Susanna Loeb and James Wyckoff

14313: New Keynesian Models: Not Yet Useful for Policy Analysis

V.V. Chari, Patrick J. Kehoe and Ellen R. McGrattan

14312: How Much Does Immigration Boost Innovation?

Jennifer Hunt and Marjolaine Gauthier-Loiselle

14311: Pitfalls of Participatory Programs: Evidence From a Randomized Evaluation in Education in India

Abhijit Banerjee, Rukmini Banerji, Esther Duflo, Rachel Glennerster and Stuti Khemani

14310: Housing Busts and Household Mobility

Fernando Ferreira, Joseph Gyourko and Joseph Tracy

14309: The Effect of Medicare Coverage for the Disabled on the Market for Private Insurance

John F. Cogan, R. Glenn Hubbard and Daniel P. Kessler

14308: The Prevalence and Effects of Occupational Licensing

Morris M. Kleiner and Alan B. Krueger

14307: Redistribution and Tax Expenditures: The Earned Income Tax Credit

Nada Eissa and Hilary Hoynes

14306: Inside the War on Poverty: The Impact of Food Stamps on Birth Outcomes

Douglas Almond, Hilary W. Hoynes and Diane Whitmore Schanzenbach

14304: Reconsidering the Economics of Demand Analysis with Kinked Budget Constraints

Aaron Strong and V. Kerry Smith

14303: Does Church Attendance Cause People to Vote? Using Blue Laws' Repeal to Estimate the Effect of Religiosity on Voter Turnout

Alan Gerber, Jonathan Gruber and Daniel M. Hungerman

14302: Attitude-Dependent Altruism, Turnout and Voting

Julio J. Rotemberg

14301: Transfer Program Complexity and the Take Up of Social Benefits

Henrik Jacobsen Kleven and Wojciech Kopczuk

14300: Business Volatility, Job Destruction, and Unemployment

Steven J. Davis, R. Jason Faberman, John Haltiwanger, Ron Jarmin and Javier Miranda

14299: Power Laws in Economics and Finance

Xavier Gabaix

14298: The Cost of Property Rights: Establishing Institutions on the Philippine Frontier Under American Rule, 1898-1918

Noel Maurer and Lakshmi Iyer

14297: School Nutrition Programs and the Incidence of Childhood Obesity

Daniel L. Millimet, Rusty Tchernis and Muna Husain

14296: Measuring Welfare and the Effects of Regulation in a Government-Created Market: The Case of Medicare Part D Plans

Claudio Lucarelli, Jeffrey Prince and Kosali Simon

14295: Current Account Sustainability and Relative Reliability

Stephanie E. Curcuru, Charles P. Thomas and Francis E. Warnock

14294: The Foreclosure-House Price Nexus: Lessons from the 2007-2008 Housing Turmoil

Charles W. Calomiris, Stanley D. Longhofer and William Miles

14293: Effects of Low-Skilled Immigration on U.S. Natives: Evidence from Hurricane Mitch

Adriana Kugler and Mutlu Yuksel

14291: Post-Merger Restructuring and the Boundaries of the Firm

Vojislav Maksimovic, Gordon M. Phillips and N. R. Prabhala

14290: Real and Financial Industry Booms and Busts

Gerard Hoberg and Gordon M. Phillips

14289: Product Market Synergies and Competition in Mergers and Acquisitions

Gerard Hoberg and Gordon M. Phillips

14288: Federal Budget Rules: The US Experience

Alan J. Auerbach

14287: Public or Private Production of Food Safety: What Do U.S. Consumers Want?

V. Kerry Smith, Carol Mansfield and Aaron Strong

14286: Trade, Technology, and the Environment: Why Have Poor Countries Regulated Sooner?

Mary Lovely and David Popp

14285: Offshoring and the Role of Trade Agreements

Pol Antràs and Robert W. Staiger

14284: Bayesian Averaging, Prediction and Nonnested Model Selection

Han Hong and Bruce Preston

14283: Criminal Sentencing in Nineteenth Century Pennsylvania

Howard Bodenhorn

14282: Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox

Betsey Stevenson and Justin Wolfers

14281: Preserving Slave Families for Profit: Traders' Incentives and Pricing in the New Orleans Slave Market

Charles Calomiris and Jonathan Pritchett

14280: Understanding Bank Runs: The Importance of Depositor-Bank Relationships and Networks

Rajkamal Iyer and Manju Puri

14279: "Might Not Be a Tomorrow": A Multi-Methods Approach to Anticipated Early Death and Youth Crime

Timothy Brezina, Erdal Tekin and Volkan Topalli

14278: Long Term Persistence

Luigi Guiso, Paola Sapienza and Luigi Zingales

14277: Cognitive and Non-Cognitive Peer Effects in Early Education

Matthew Neidell and Jane Waldfogel

14276: Affirmative Action in Law School Admissions: What Do Racial Preferences Do?

Jesse Rothstein and Albert H. Yoon

14275: Mismatch in Law School

Jesse Rothstein and Albert Yoon

14274: Like Father, Like Son? A Note on the Intergenerational Transmission of IQ Scores

Sandra E. Black, Paul J. Devereux and Kjell G Salvanes

14273: Racial Discrimination and Competition

Ross Levine, Alexey Levkov and Yona Rubinstein

14272: Complementarity of Shared Compensation and Decision-Making Systems: Evidence from the American Labor Market

Arindrajit Dube and Richard B. Freeman

14271: Days of Haze: Environmental Information Disclosure and Intertemporal Avoidance Behavior

Joshua Graff Zivin and Matthew Neidell

14270: Individual Laboratory-Measured Discount Rates Predict Field Behavior

Christopher F. Chabris, David Laibson, Carrie L. Morris, Jonathon P. Schuldt and Dmitry Taubinsky

14269: Macroeconomic Volatility and Stock Market Volatility, Worldwide

Francis X. Diebold and Kamil Yilmaz

14268: Culture, Context, and the Taste for Redistribution

Erzo F.P. Luttmer and Monica Singhal

14267: The Distribution of Congressional Spending During the American Revolution, 1775-1780: The Problem of Geographic Balance

Farley Grubb

14266: Fertility Theories: Can They Explain the Negative Fertility-Income Relationship?

Larry E. Jones, Alice Schoonbroodt and Michèle Tertilt

14265: Selection Bias in College Admissions Test Scores

Melissa Clark, Jesse Rothstein and Diane Whitmore Schanzenbach

14264: Is the Washington Consensus Dead? Growth, Openness, and the Great Liberalization, 1970s-2000s

Antoni Estevadeordal and Alan M. Taylor

14263: Tax Expenditure Estimation and Reporting: A Critical Review

Rosanne Altshuler and Robert D. Dietz

14262: Organizations and Trade

Pol Antràs and Esteban Rossi-Hansberg

14261: Ability, Gender, and Performance Standards: Evidence from Academic Probation

Jason M. Lindo, Nicholas J. Sanders and Philip Oreopoulos

14260: On the Need for a New Approach to Analyzing Monetary Policy

Andrew Atkeson and Patrick J. Kehoe

14259: The State of Macro

Olivier Blanchard

14258: Balancing Cost and Emissions Certainty: An Allowance Reserve for Cap-and-Trade

Brian C. Murray, Richard G. Newell and William A. Pizer

14257: Is American Health Care Uniquely Inefficient?

Alan M. Garber and Jonathan Skinner

14256: The Effect of Soft Budget Constraints on Access and Quality in Hospital Care

Yu-Chu Shen and Karen Nisa Eggleston

14255: Learning from Prices: Public Communication and Welfare

Manuel Amador and Pierre-Olivier Weill

14254: When to Pollute, When to Abate? Intertemporal Permit Use in the Los Angeles NOx Market

Stephen P. Holland and Michael Moore

14253: Income Tax Provisions Affecting Owner-Occupied Housing: Revenue Costs and Incentive Effects

James Poterba and Todd M. Sinai

14252: Information, Learning, and Drug Diffusion: the Case of Cox-2 Inhibitors

Pradeep Chintadunta, Renna Jiang and Ginger Z. Jin

14251: Recent Developments in the Econometrics of Program Evaluation

Guido M. Imbens and Jeffrey Wooldridge

14250: On the Lifecycle Dynamics of Venture-Capital- and Non-Venture-Capital-Financed Firms

Manju Puri and Rebecca Zarutskie

14249: Crises and Sudden Stops: Evidence from International Bond and Syndicated-Loan Markes

Graciela Laura Kaminsky

14248: HIV and Fertility in Africa: First Evidence from Population Based Surveys

Chinhui Juhn, Sebnem Kalemli-Ozcan and Belgi Turan

14247: Estimating Trends in US Income Inequality Using the Current Population Survey: The Importance of Controlling for Censoring

Richard V. Burkhauser, Shuaizhang Feng, Stephen Jenkins and Jeff Larrimore

14246: Externalities in the Classroom: How Children Exposed to Domestic Violence Affect Everyone's Kids

Scott E. Carrell and Mark L. Hoekstra

14245: Why Do Foreign Firms Leave U.S. Equity Markets? An Analysis of Deregistrations Under SEC Exchange Act Rule 12h-6

Craig Doidge, G. Andrew Karolyi and René M. Stulz

14244: Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework

Matthew Buford Canzoneri, Robert E. Cumby, Behzad Diba and David Lopez-Salido

14243: Modeling the Long Run: Valuation in Dynamic Stochastic Economies

Lars Peter Hansen

14242: The Macroeconomic Implications of a Key Currency

Matthew Buford Canzoneri, Robert E. Cumby, Behzad Diba and David Lopez-Salido

14241: Distributional Effects of Environmental and Energy Policy: An Introduction

Don Fullerton

14240: Technology's Edge: The Educational Benefits of Computer-Aided Instruction

Lisa Barrow, Lisa Markman and Cecilia E. Rouse

14239: Dynamics and Stability of Constitutions, Coalitions, and Clubs

Daron Acemoglu, Georgy Egorov and Konstantin Sonin

14238: The Greenness of Cities: Carbon Dioxide Emissions and Urban Development

Edward Ludwig Glaeser and Matthew Kahn

14237: How Does Charitable Giving Respond to Incentives and Income? Dynamic Panel Estimates Accounting for Predictable Changes in Taxation

Jon Bakija and Bradley Heim

14236: Does Employee Ignorance Undermine Shared Capitalism?

John W. Budd

14235: How Does Shared Capitalism Affect Economic Performance in the UK?

Alex Bryson and Richard B. Freeman

14234: Who Has a Better Idea? Innovation, Shared Capitalism, and HR Policies

Erika Harden, Douglas L. Kruse and Joseph R. Blasi

14233: Do Workers Gain by Sharing? Employee Outcomes under Employee Ownership, Profit Sharing, and Broad-based Stock Options

Douglas Kruse, Richard B. Freeman and Joseph Blasi

14232: Hiring Cheerleaders: Board Appointments of "Independent" Directors

Lauren Cohen, Andrea Frazzini and Christopher Malloy

14231: Adjusting Government Policies for Age Inflation

John B. Shoven and Gopi Shah Goda

14230: Creating a Bigger Pie? The Effects of Employee Ownership, Profit Sharing, and Stock Options on Workplace Performance

Joseph R. Blasi, Richard B. Freeman, Chris Mackin and Douglas L. Kruse

14229: Risk and Lack of Diversification under Employee Ownership and Shared Capitalism

Joseph R. Blasi, Douglas L. Kruse and Harry M. Markowitz

14228: An Economic Model of the Planning Fallacy

Markus K. Brunnermeier, Filippos Papakonstantinou and Jonathan A. Parker

14227: WORKER RESPONSES TO SHIRKING UNDER SHARED CAPITALISM

Richard B. Freeman, Douglas Kruse and Joseph Blasi

14226: Inventor Moral Hazard in University Licensing: The Role of Contracts

Emmanuel Dechenaux, Jerry Thursby and Marie C. Thursby

14225: Shared Capitalism in the U.S. Economy? Prevalence, Characteristics, and Employee Views of Financial Participation in Enterprises

Douglas L. Kruse, Joseph R. Blasi and Rhokeun Park

14224: Why the DEA STRIDE Data are Still Useful for Understanding Drug Markets

Jeremy Arkes, Rosalie Liccardo Pacula, Susan M. Paddock, Jonathan P. Caulkins and Peter Reuter

14223: Daily Monetary Policy Shocks and the Delayed Response of New Home Sales

James Hamilton

14222: Liquidity Needs in Economies with Interconnected Financial Obligations

Julio Rotemberg

14221: What's a Recession, Anyway?

Edward E. Leamer

14220: Happiness Inequality in the United States

Betsey Stevenson and Justin Wolfers

14219: The Burden of the Nondiversifiable Risk of Entrepreneurship

Robert E. Hall and Susan E. Woodward

14218: Securities Laws, Disclosure, and National Capital Markets in the Age of Financial Globalization

René M. Stulz

14217: Financial Stability, the Trilemma, and International Reserves

Maurice Obstfeld, Jay C. Shambaugh and Alan M. Taylor

14216: Does Innovation Stimulate Employment? A Firm-Level Analysis Using Comparable Micro-Data from Four European Countries

Rupert Harrison, Jordi Jaumandreu, Jacques MAIRESSE and Bettina Peters

14215: What's News in Business Cycles

Stephanie Schmitt-Grohe and Martin Uribe

14214: Market Penetration Costs and the New Consumers Margin in International Trade

Costas Arkolakis