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NBER Working Papers
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7170: Portfolio Advice for a Multifactor World
John H. Cochrane
7169: New Facts in Finance
John H. Cochrane
7168: Selection Effects in the Market for Individual Annuities: New Evidence from the United Kingdom
Amy Finkelstein and James Poterba
7167: Dress for Success — Does Primping Pay?
Daniel Hamermesh , Xin Meng and Junsen Zhang
7166: The Benefits of Reducing Gun Violence: Evidence from Contingent-Valuation Survey Data
Jens Ludwig and Philip J Cook
7165: Sticky Prices, Coordination and Collusion
John C. Driscoll and Harumi Ito
7164: Discriminating Among Alternative Theories of the Multinational Enterprise
James R. Markusen and Keith E. Maskus
7163: Multinational Firms: Reconciling Theory and Evidence
James R. Markusen and Keith E. Maskus
7162: Asset Pricing Models: Implications for Expected Returns and Portfolio Selection
A. Craig MacKinlay and Lubos Pastor
7161: Central Bank Credibility: Why Do We Care? How Do We Build It?
Alan S. Blinder
7160: Designing Indexed Units of Account
Robert J. Shiller
7159: Profitability of Momentum Strategies: An Evaluation of Alternative Explanations
Narasimhan Jegadeesh and Sheridan Titman
7158: Conflicts and Common Interests in Committees
Hao Li , Sherwin Rosen and Wing Suen
7157: An International Dynamic Asset Pricing Model
Robert James Hodrick , David Ng and Paul Sengmueller
7156: How Offshore Financial Competition Disciplines Exit Resistence by Incentive-Conflicted Bank Regulators
Edward J. Kane
7155: Participation in Heterogeneous Communities
Alberto Alesina and Eliana La Ferrara
7154: In Search of Substitution Between Foreign Production and Exports
Bruce A. Blonigen
7153: Regional Contagion and the Globalization of Securities Markets
Guillermo A. Calvo and Enrique G. Mendoza
7152: The Equilibrium Degree of Transparency and Control in Monetary Policy
Jon Faust and Lars E. O. Svensson
7151: Legal Structure, Financial Structure, and the Monetary Policy Transmission Mechanism
Stephen Cecchetti
7150: Capital Mobility, Distributive Conflict, and International Tax Coordination
Dani Rodrik and Tanguy van Ypersele
7149: Patterns of Trade in the Market for Used Durables: Theory and Evidence
Robert H. Porter and Peter Sattler
7148: American Living Standards: Evidence from Recreational Expenditures
Dora L. Costa
7147: The Science of Monetary Policy: A New Keynesian Perspective
Richard H. Clarida , Jordi Gali and Mark L. Gertler
7146: The Impact of Globalization on Pre-Industrial, Technologically Quiescent Economies
Jeffrey Gale Williamson
7145: Capital Goods Prices, Global Capital Markets and Accumulation: 1870-1950
William J. Collins and Jeffrey Gale Williamson
7144: Dispersion and Volatility in Stock Returns: An Empirical Investigation
John Y. Campbell and Martin Lettau
7143: Hedging and Financial Fragility in Fixed Exchange Rate Regimes
Craig Burnside , Martin Eichenbaum and Sergio T Rebelo
7142: The Self-Enforcing Provisions of Oil and Gas Unit Operating Agreements: Theory and Evidence
Gary D. Libecap and James L. Smith
7141: Inequalities in Income and Inequalities in Health
Angus S. Deaton
7140: Mortality, Education, Income, and Inequality among American Cohorts
Angus S. Deaton and Christina Paxson
7139: Common Fundamentals in the Tequila and Asian Crises
Aaron Tornell
7138: The Retirement Behavior of Married Couples: Evidence from the Spouse's Allowance
Michael Baker
7137: The Nominal Rigidity of Apartment Rents
David Genesove
7136: Information Technology, Workplace Organization and the Demand for Skilled Labor: Firm-Level Evidence
Timothy Bresnahan , Erik Brynjolfsson and Lorin Moultrie Hitt
7135: Exporting and Productivity
Andrew B. Bernard and J. Bradford Jensen
7134: Capital Flows in Asia
Takatoshi Ito
7133: Offshore Investment Funds: Monsters in Emerging Markets?
Woochan Kim and Shang-Jin Wei
7132: Tax and Education Policy in a Heterogeneous Agent Economy: What Levels f Redistribution Maximize Growth and Efficiency?
Roland J. Benabou
7131: Evaluating the Effect of an Antidiscrimination Law Using a Regression-Discontinuity Design
Jinyong Hahn , Petra Elisabeth Todd and Wilbert H van der Klaauw
7130: The Effect of Alcohol Prohibition on Alcohol Consumption
Jeffrey A Miron
7129: Alcohol Regulation and Violence on College Campuses
Michael Grossman and Sara Markowitz
7128: Determinants of Non-employment and Unemployment Durations in East Germany
Jennifer Hunt
7127: Learning and Forgetting: The Dynamics of Aircraft Production
C. Lanier Benkard
7126: The Returns to Skill in the United States across the Twentieth Century
Claudia Goldin and Lawrence F. Katz
7125: Was Expansionary Monetary Policy Feasible During the Great Contraction? An Examination of the Gold Standard Constraint
Michael David Bordo , Ehsan U. Choudhri and Anna Jacobson Schwartz
7124: Executive Compensation: Six Questions that Need Answering
John M. Abowd and David Scott Kaplan
7123: Blockholder Identity, Equity Ownership Structures, and Hostile Takeovers
Gary Gorton and Matthias Kahl
7122: Age and the Quality of Work: The Case of Modern American Painters
David W. Galenson and Bruce A. Weinberg
7121: Education and Social Capital
John F. Helliwell and Robert D. Putnam
7120: Urban Development in the United States, 1690-1990
Sukkoo Kim
7119: Social Security in Theory and Practice (II): Efficiency Theories, Narrative Theories, and Implications for Reform
Casey Mulligan and Xavier Sala--Martin
7118: Social Security in Theory and Practice (I): Facts and Political Theories
Casey Mulligan and Xavier Sala--Martin
7117: Gerontocracy, Retirement, and Social Security
Casey Mulligan and Xavier Sala--Martin
7116: Microfoundations and Macro Implications of Indivisible Labor
Casey Mulligan
7115: Understanding the "Problem of Economic Development": The Role of Factor Mobility and International Taxation
Assaf Razin and Chi-Wa Yuen
7114: State Drug Control and Illicit Drug Participation
Henry Saffer and Frank Joseph Chaloupka
7113: Lending Booms, Reserves, and the Sustainability of Short-Term Debt: Inferences from the Pricing of Syndicated Bank Loans
Barry Julian Eichengreen and Ashoka Mody
7112: Antitrust and Competition in Health Care Markets
Martin Gaynor and William B. Vogt
7111: Equity and Resources: An Analysis of Education Finance Systems
Raquel Fernandez and Richard Rogerson
7110: Government as a Discriminating Monopolist in the Financial Market: The Case of China
Roger H. Gordon and Wei Li
7109: Power Couples: Changes in the Locational Choice of the College Educated, 1940-1990
Dora L. Costa and Matthew Kahn
7108: Do Corrupt Governments Receive Less Foreign Aid?
Alberto Alesina and Beatrice Weder
7107: Inventive Activity and the Market for Technology in the United States, 1840-1920
Naomi R. Lamoreaux and Kenneth L. Sokoloff
7106: Reconsidering Contractual Liability and the Incentive to Reveal Information
Lucian Bebchuk and Steven Shavell
7105: Transform Analysis and Asset Pricing for Affine Jump-Diffusions
Darrell Duffie , Jun Pan and Kenneth Singleton
7104: Noise Trading and Exchange Rate Regimes
Olivier Jeanne and Andrew Kenan Rose
7103: Social Security Investment in Equities I: Linear Case
Peter A. Diamond and Jean Geanakoplos
7102: Lessons from the Asian Crisis
Frederic Mishkin
7101: Do the Cognitive Skills of School Dropouts Matter in the Labor Market?
John H. Tyler , Richard J. Murnane and John B. Willett
7100: Trade and Foreign Direct Investment in China: A Political Economy Approach
Lee G. Branstetter and Robert C. Feenstra
7099: When Can Public Policy Makers Rely on Private Markets? The Effective Provision of Social Services
Rebecca M. Blank
7098: How Effective are Fiscal Incentives for R&D? A New Review of the Evidence
Bronwyn Hughes Hall and John Michael van Reenen
7097: Political Economics and Public Finance
Torsten Persson and Guido Tabellini
7096: Incentives to Settle Under Joint and Several Liability
Howard F. Chang and Hilary A. Sigman
7095: Sectoral Job Creation and Destruction Responses to Oil Price Changes
Steven J. Davis and John Haltiwanger
7094: The Role of Foreign Direct Investment in International Capital Flows
Robert E. Lipsey
7093: Does "Grease Money" Speed Up the Wheels of Commerce?
Daniel Kaufmann and Shang-Jin Wei
7092: The Economics of Vouchers
David F. Bradford and Daniel N. Shaviro
7091: Latin America and East Asia in the Context of an Insurance Model of Currency Crises
Menzie Chinn , Michael Dooley and Sona Shrestha
7090: Business Cycles in International Historical Perspective
Susanto Basu and Alan M. Taylor
7089: Pricing Heart Attack Treatments
David M. Cutler , Mark McClellan , Joseph Newhouse and Dahlia Remler
7088: Recent Developments in Monetary Policy Analysis: The Roles of Theory and Evidence
Bennett McCallum
7087: Role of the Minimal State Variable Criterion
Bennett McCallum
7086: Damages and Injunctions in the Protection of Proprietary Research Tools
Mark Schankerman and Suzanne Scotchmer
7085: Hostility in Takeovers: In the Eyes of the Beholder?
G. William Schwert
7084: Centralized versus Decentralized Provision of Local Public Goods: A Political Economy Analysis
Timothy J. Besley and Stephen Coate
7083: The Public Critique of Welfare Economics: An Exploration
Timothy J. Besley and Stephen Coate
7082: Do Higher Salaries Buy Better Teachers?
Eric A. Hanushek , John F. Kain and Steven G. Rivkin
7081: Trade Policy and Economic Growth: A Skeptic's Guide to Cross-National Evidence
Francisco Rafael Rodríguez and Dani Rodrik
7080: Mergers, Station Entry, and Programming Variety in Radio Broadcasting
Steven Berry and Joel Waldfogel
7079: Dynamic Factor Demand Models and Productivity Analysis
M. Ishaq Nadiri and Ingmar R. Prucha
7078: The Human Capital Model of the Demand for Health
Michael Grossman
7077: Fiscal Stance and the Real Exchange: Some Empirical Estimates
Richard H. Clarida and Joe Prendergast
7076: The Adoption of Offset Presses in the Daily Newspaper Industry in the United States
David Genesove
7075: Do Investors Forecast Fat Firms? Evidence from the Gold Mining Industry
Severin Borenstein and Joseph Farrell
7074: The Rybczynski Theorem, Factor-Price Equalization, and Immigration: Evidence from U.S. States
Gordon Hanson and Matthew J. Slaughter
7073: Area Economic Conditions and the Labor Market Outcomes of Young Men in the 1990s Expansion
Richard B. Freeman and William M. Rodgers
7072: Volatile Policy and Private Information: The Case of Monetary Policy
Larry E. Jones and Rodolfo E. Manuelli
7071: Multilateral Trade Negotiations, Bilateral Opportunism and the Rules of GATT
Kyle Bagwell and Robert W. Staiger