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NBER Working Papers
from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC . Series data maintained by ().
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9133: The Measured Black-White Wage Gap Among Women is Too Small
Derek A. Neal
9132: Optimal Long-Run Fiscal Policy: Constraints, Preferences and the Resolution of Uncertainty
Alan Auerbach and Kevin Allen Hassett
9131: Investor Behavior and the Purchase of Company Stock in 401(k) Plans - The Importance of Plan Design
Nellie Liang and Scott Weisbenner
9130: Modeling Health Insurance Expansions: Effects of Alternate Approaches
Dahlia K. Remler , Joshua Graff Zivin and Sherry A. Glied
9129: Feasible Globalizations
Dani Rodrik
9128: Wealth Portfolios in the UK and the US
James Banks , Richard Blundell and James P. Smith
9127: Has the Business Cycle Changed and Why?
James H. Stock and Mark W. Watson
9126: Does Confidential Proxy Voting Matter?
Roberta Romano
9125: Optimal Pollution Abatement - Whose Benefits Matter, and How Much?
Wayne B. Gray and Ronald J. Shadbegian
9124: Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth
Daron Acemoglu , Simon Johnson , James Alan Robinson and Yunyong Thaicharoen
9123: Careers and Canvases: The Rise of the Market for Modern Art in the Nineteenth Century
David W. Galenson and Robert Jensen
9122: Foreign Entry into U.S. Manufacturing by Takeovers and the Creation of New Firms
Robert E. Lipsey and Zadia Feliciano
9121: Knowledge Creation and Control in Organizations
Diego Puga and Daniel Trefler
9120: The Link Between Aggregate and Micro Productivity Growth: Evidence from Retail Trade
Lucia Smith Foster , John Haltiwanger and C.J. Krizan
9119: The Declining Effects of OSHA Inspections on Manufacturing Injuries: 1979 to 1998
Wayne B. Gray and John Mendeloff
9118: Exchange Rates and Adjustment: Perspectives from the New Open Economy Macroeconomics
Maurice Obstfeld
9117: When Economic Reform Goes Wrong: Cashews in Mozambique
Margaret McMillan , Dani Rodrik and Karen Horn Welch
9116: Sharpening Sharpe Ratios
William N. Goetzmann , Jonathan Ingersoll , Matthew I. Spiegel and Ivo Welch
9115: International Joint Ventures and the Boundaries of the Firm
Mihir A. Desai , C. Fritz Foley and James R. Hines
9114: The Political Economy of Intellectual Property Treaties
Suzanne Scotchmer
9113: Market Size Matters
Jeffrey R. Campbell and Hugo A. Hopenhayn
9112: From Sectoral to Functional Urban Specialization
Gilles Duranton and Diego Puga
9111: Understanding Mutual Fund and Hedge Fund Styles Using Return Based Style Analysis
Arik Ben Dor and Ravi Jagannathan
9110: Importing Equality? The Impact of Globalization on Gender Discrimination
Sandra E. Black and Elizabeth Brainerd
9109: Entrepreneurship
Edward Lazear
9108: Estimating the Social Return to Higher Education: Evidence From Longitudinal and Repeated Cross-Sectional Data
Enrico Moretti
9107: Firms' Decisions Where to Incorporate
Lucian Bebchuk and Alma Cohen
9106: Tropics, Germs, and Crops: How Endowments Influence Economic Development
William Easterly and Ross Levine
9105: How Prevalent is Tax Arbitrage? Evidence from the Market for Municipal Bonds
Merle Erickson , Austan Goolsbee and Edward Maydew
9104: R&D, Implementation and Stagnation: A Schumpeterian Theory of Convergence Clubs
Peter Howitt and David Mayer-Foulkes
9103: Dynamic Asset Allocation With Event Risk
Jun Liu , Francis A. Longstaff and Jun Pan
9102: Bank Panics and the Endogeneity of Central Banking
Gary Gorton and Lixin Huang
9101: Currency Returns, Institutional Investor Flows, and Exchange Rate Fundamentals
Kenneth A. Froot and Tarun Ramadorai
9100: Capital Account Liberalization and Economic Performance: Survey and Synthesis
Hali Edison , Michael W. Klein , Luca Antonio Ricci and Torsten Sloek
9099: An Intergenerational Model of Domestic Violence
Robert A. Pollak
9098: Socioeconomic Status and Health: Why is the Relationship Stronger for Older Children?
Janet Currie and Mark Stabile
9097: An Assessment of the Proposals of the President's Commission to Strengthen Social Security
Peter A. Diamond and Peter R. Orszag
9096: Does It Pay to Work?
Jagadeesh Gokhale , Laurence J. Kotlikoff and Oleksiy Sluchynsky
9095: How Do Large Depreciations Affect Firm Performance?
Kristin Forbes
9094: Using Mandated Speed Limits to Measure the Value of a Statistical Life
Orley Ashenfelter and Michael Greenstone
9093: Is There an Effect of Incremental Welfare Benefits on Fertility Behavior? A Look at the Family Cap
Melissa Schettini Kearney
9092: Annuities for an Ageing World
Olivia S. Mitchell and David McCarthy
9091: Does Contracting Out Increase the Efficiency of Government Programs? Evidence from Medicaid HMOs
Mark Duggan
9090: The Impact of Internet Subsidies in Public Schools
Austan Goolsbee and Jonathan Guryan
9089: Law, Endowment, and Finance
Thorsten Beck , Asli Demirguc-Kunt and Ross Levine
9088: Why Do School District Budget Referenda Fail?
Ronald G. Ehrenberg , Randy A. Ehrenberg , Christopher L. Smith and Liang Zhang
9087: Defining Benchmark Status: An Application using Euro-Area Bonds
Peter Gerard Dunne , Michael John Moore and Richard Portes
9086: Trade with Labor Market Distortions and Heterogeneous Labor: Why Trade Can Hurt
Kala Krishna , Abhiroop Mukhopadhyay and Cemile Yavas
9085: Measuring Prices and Price Competition Online: Amazon and Barnes and Noble
Austan Goolsbee and Judith Ann Chevalier
9084: The Price Level, the Quantity Theory of Money, and the Fiscal Theory of the Price Level
David B. Gordon and Eric Leeper
9083: Learning-By-Doing Vs. On-the-Job Training: Using Variation Induced by the EITC to Distinguish Between Models of Skill Formation
James J. Heckman , Lance Lochner and Ricardo Cossa
9082: Stock Markets, Banks, and Growth: Panel Evidence
Thorsten Beck and Ross Levine
9081: Work and Play: International Evidence of Gender Equality in Employment and Sports
Michael W. Klein
9080: Currency Returns, Institutional Investor Flows, and Exchange Rate Fundamentals
Kenneth A. Froot and Tarun Ramadorai
9079: Decomposing the Persistence of International Equity Flows
Kenneth A. Froot and Jessica D. Tjornhom
9078: The Case Against Board Veto in Corporate Takeovers
Lucian Bebchuk
9077: Competitive Equilibria With Limited Enforcement
Patrick Kehoe and Fabrizio Perri
9076: The Home Market Effect and Bilateral Trade Patterns
Gordon Hanson and Chong Xiang
9075: Foreign Currency for Long-Term Investors
John Y. Campbell , Luis M. Viceira and Joshua S. White
9074: Education, Poverty, Political Violence and Terrorism: Is There a Causal Connection?
Alan B. Krueger and Jitka Maleckova
9073: Price Uncertainty, Tax Policy, and Addiction: Evidence and Implications
Mark Coppejans and Holger Sieg
9072: Optimal Currency Areas
Alberto Alesina , Robert J. Barro and Silvana Tenreyro
9071: The Long Run Importance of School Quality
Eric A. Hanushek
9070: Institutional Allocation In Initial Public Offerings: Empirical Evidence
Reena Aggarwal , Nagpurnanand R. Prabhala and Manju Puri
9069: Some Evidence on the Importance of Sticky Prices
Mark Joseph Bils and Pete Klenow
9068: Managerial Power and Rent Extraction in the Design of Executive Compensation
Lucian Bebchuk , Jesse M. Fried and David I. Walker
9067: Intertemporal State Budgeting
Bruce Baker , Daniel Besendorfer and Laurence J. Kotlikoff
9066: Distance to Frontier, Selection, and Economic Growth
Daron Acemoglu , Philippe Aghion and Fabrizio Zilibotti
9065: How's Life? Combining Individual and National Variables to Explain Subjective Well-Being
John F. Helliwell
9064: Academic Earmarks and the Returns to Lobbying
John M. de Figueiredo and Brian S. Silverman
9063: Empirical Analysis of Policy Interventions
Eric Leeper and Tao Zha
9062: Identifying the Efficacy of Central Bank Interventions: The Australian Case
Jonathan Kearns and Roberto Rigobon
9061: Carrots, Sticks and Broken Windows
Hope Corman and Naci H. Mocan
9060: Does Sales-only Apportionment of Corporate Income Violate the GATT?
Charles E. McLure and Walter Hellerstein
9059: Managing Option Fragility
Brian J. Hall and Thomas A. Knox
9058: Using Discontinuous Eligibility Rules to Identify the Effects of the Federal Medicaid Expansions on Low Income Children
David E. Card and Lara Shore-Sheppard
9057: Expectations and Expatriations: Tracing the Causes and Consequences of Corporate Inversions
Mihir A. Desai and James R. Hines
9056: On the Relationship Between the Conditional Mean and Volatility of Stock Returns: A Latent VAR Approach
Michael W. Brandt and Qiang Kang
9055: The Evidence on Credit Constraints in Post-Secondary Schooling
Pedro Carneiro and James J. Heckman
9054: Using Market Valuation to Assess Public School Spending
Lisa Barrow and Cecilia Elena Rouse
9053: Cheap Labor Meets Costly Capital: The Impact of Devaluations on Commodity Firms
Kristin Forbes
9052: Factor Price Equalization in the UK?
Andrew B. Bernard , Stephen James Redding , Peter K. Schott and Helen Simpson
9051: The Role of the Family in Immigrants' Labor-Market Activity: Evidence from the United States
Francine Blau , Lawrence Kahn , Joan Y. Moriarty and André Portela Souza
9050: Moral Hazard in Reinsurance Markets
Neil Doherty and Kent Smetters
9049: Evaluating Value Weighting: Corporate Events and Market Timing
Owen A. Lamont
9048: Sales and Consumer Inventory
Igal Hendel and Aviv Nevo
9047: Pricing Currency Risk: Facts and Puzzles from Currency Boards
Sergio Luis Schmukler and Luis Servén
9046: Optimal Progressive Capital Income Taxes in the Infinite Horizon Model
Emmanuel Saez
9045: The New Social Security Commission Personal Accounts: Where Is the Investment Principal?
Alan L. Gustman and Thomas L. Steinmeier
9044: Closing the Gap or Widening the Divide: The Effects of the G.I. Bill and World War II on the Educational Outcomes of Black Americans
Sarah Elizabeth Turner and John Bound
9043: Labor Market Institutions and Demographic Employment Patterns
Giuseppe Bertola , Francine Blau and Lawrence Kahn
9042: Ethnic Differences in Demographic Behavior in the United States: Has There Been Convergence?
Michael Robert Haines
9041: Relational Costs and the Production of Social Capital: Evidence from Carpooling
Kerwin Charles and Patrick Kline
9040: The Failure of Input-based Schooling Policies
Eric A. Hanushek
9039: A Theory of the Currency Denomination of International Trade
Philippe Bacchetta and Eric van Wincoop
9038: Drug Treatment as a Crime Fighting Tool
Mireia Jofre-Bonet and Jody L. Sindelar
9037: Ethnicity, Language, and Workplace Segregation: Evidence from a New Matched Employer-Employee Data Set
Judith K. Hellerstein and David Neumark
9036: Employee Costs and the Decline in Health Insurance Coverage
David M. Cutler
9035: When Can Partial Public Insurance Produce Pareto Improvements?
Amy Finkelstein
9034: Stock Market Boom and the Productivity Gains of the 1990s
Urban Joseph Jermann and Vincenzo Quadrini