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NBER Working Papers
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6356: Indexed Units of Account: Theory and Assessment of Historical Experience
Robert J. Shiller
6355: Taxes and Employment Subsidies in Optimal Redistribution Programs
Paul Beaudry and Charles Blackorby
6354: Asset Pricing with Distorted Beliefs: Are Equity Returns Too Good To Be True?
Stephen Cecchetti , Pok-sang Lam and Nelson C. Mark
6353: The Introduction of Crack Cocaine and the Rise in Urban Crime Rates
Jeffrey T. Grogger and Mike Willis
6352: The Dark Side of Internal Capital Markets II: Evidence from Diversified Conglomerates
David Scharfstein
6351: International Home Bias in International Finance and Business Cycles
Karen K. Lewis
6350: Where Did All The Growth Go? External Shocks, Social Conflict, and Growth Collapses
Dani Rodrik
6349: VAT Base Broadening, Self Supply, and The Informal Sector
John Piggott and John Whalley
6348: Adolescent Alcohol and Marijuana Consumption: Is There Really a Gateway Effect?
Rosalie Liccardo Pacula
6347: The Japanese Open-End Fund Puzzle
Stephen J. Brown , William N. Goetzmann , Takato Hiraki , Toshiyuki Otsuki and Noriyoshi Shiraishi
6346: The Effects of Malpractice Pressure and Liability Reforms on Physicians' Perceptions of Medical Care
Daniel P. Kessler and Mark McClellan
6345: Inter vivos Transfers and Intended Bequests
Kathleen McGarry
6344: Foreign Direct Investment, Trade and Real Exchange Rate Linkages in Developing Countries
Linda S. Goldberg and Michael W. Klein
6343: What Causes Public Assistance Caseloads to Grow?
Rebecca M. Blank
6342: Estimating Adjustment Costs with Data on Heterogeneous Capital Goods
Austan Goolsbee and David B. Gross
6341: Electoral Institutions, Cabinet Negotiations, and Budget Deficits in the European Union
Mark Hallerberg and Juergen von Hagen
6340: Transfer Motives and Tax Policy
Louis Kaplow
6339: Quantitative Implications of the Home Bias: Foreign Underinvestment, Domestic Oversaving, and Corrective Taxation
Assaf Razin , Efraim Sadka and Chi-Wa Yuen
6338: Channeling Domestic Savings into Productive Investment Under Asymmetric Information: The Essential Role of Foreign Direct Investment
Assaf Razin , Efraim Sadka and Chi-Wa Yuen
6337: The Estate Tax and After-Tax Investment Returns
James Poterba
6336: A Model of Endogenous Fiscal Deficits and Delayed Fiscal Reforms
Andres Velasco
6335: Economic Integration and Convergence: U.S. Regions, 1840-1987
Sukkoo Kim
6334: The Mexican Peso Crisis? How Much Did We Know? When Did We Know It?
Sebastian Edwards
6333: What Happens When You Tax the Rich? Evidence from Executive Compensation
Austan Goolsbee
6332: Hong Kong's Business Regulation in Transition
Changqi Wu and Leonard K. Cheng
6331: The Careers of Modern Artists: Evidence from Auctions of Contemporary Paintings
David W. Galenson
6330: Has Job Stability Declined Yet? New Evidence for the 1990's
David Neumark , Daniel Polsky and Daniel Hansen
6329: Political Economics and Macroeconomic Policy
Torsten Persson and Guido Tabellini
6328: The Determinants of Child Care Workers' Wages and Compensation: Sectoral Differences, Human Capital, Race, Insiders and Outsiders
Naci H. Mocan and Deborah Viola
6327: Whither the World Bank and the IMF?
Anne O. Krueger
6326: Pecuniary Incentives to Work in the U.S. during World War II
Casey Mulligan
6325: The Central Tendency: A Second Factor in Bond Yields
Pierluigi Balduzzi , Sanjiv Ranjan Das and Silverio Foresi
6324: A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets
Harrison Hong and Jeremy C. Stein
6323: How the Changing Market Structure of U.S. Higher Education Explains College Tuition
Caroline Hoxby
6322: Regions, Resources, and Economic Geography: Sources of U.S. Regional Comparative Advantage, 1880-1987
Sukkoo Kim
6321: Market Forces and Sex Discrimination
Judith K. Hellerstein , David Neumark and Kenneth R. Troske
6320: Volatility and Financial Intermediation
Joshua Aizenman and Andrew Powell
6319: Open-Economy Macroeconomics, Developments in Theory and Policy
Maurice Obstfeld
6318: Unions and Managerial Pay
John Enrico DiNardo , Kevin F. Hallock and Jorn-Steffen Pischke
6317: Myopia and Inconsistency in the Neoclassical Growth Model
Robert J. Barro
6316: After Chile, What? Second-Round Pension Reforms in Latin America
Olivia S. Mitchell and Flavio Ataliba Barreto
6315: Inventories
Valerie Ann Ramey and Kenneth D. West
6314: NIMBY Taxes Matter: State Taxes and Interstate Hazardous Waste Shipments
Arik Levinson
6313: Unequal at Birth: A Long-Term Comparison of Income and Birth Weight
Dora L. Costa
6312: Foreign Speculators and Emerging Equity Markets
Geert Bekaert and Campbell R. Harvey
6311: Managing the Public Debt in Fiscal Stabilizations: The Evidence
Alessandro Missale , Francesco Giavazzi and Pierpaolo Benigno
6310: Sharp Reductions in Current Account Deficits: An Empirical Analyis
Gian Maria Milesi-Ferrett and Assaf Razin
6309: Corporate Governance
Luigi Zingales
6308: Social Security and Retirement in Canada
Jonathan Gruber
6307: Welfare and Macroeconomic Interdependence
Giancarlo Corsetti and Paolo A. Pesenti
6306: Central Bank Policy Rules: Conceptual Issues and Practical Considerations
Stephen Cecchetti
6305: Are Public Housing Projects Good for Kids?
Janet Currie and Aaron Yelowitz
6304: Patent Buy-Outs: A Mechanism for Encouraging Innovation
Michael Kremer
6303: The Effect of Means-Tested Income Support for the Elderly on Pre-Retirement Saving: Evidence from the SSI Program in the U.S
David Neumark and Elizabeth T. Powers
6302: Argentina and the World Capital Market: Saving, Investment, and International Capital Mobility in the Twentieth Century
Alan M. Taylor
6301: Predation, Efficiency, and Inequality
Herschel . Grossman and Minseong Kim
6300: A Model of Crises in Emerging Markets
Michael Dooley
6299: band Labor Demand: Evidence from the South Coast Air Basin
Eli Berman and Linda T. Bui
6298: Death to the Log-Linearized Consumption Euler Equation! (And Very Poor Health to the Second-Order Approximation)
Christopher Carroll
6297: Stylized Facts of Patent Litigation: Value, Scope and Ownership
Jean O. Lanjouw and Mark Schankerman
6296: The Enforcement of Intellectual Property Rights: A Survey of the Empirical Literature
Jean O. Lanjouw and Josh Lerner
6295: Implications of Rising Personal Retirement Saving
James Poterba , Steven Venti and David Wise
6294: Market Access and Welfare Effects of Piecemeal Policy Reform
Jiandong Ju and Kala Krishna
6293: The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry
Severin Borenstein , James Bushnell and Steven Stoft
6292: Transition Issues for the European Monetary Union
Willem Hendrik Buiter and Anne Sibert
6291: The Alleged Instability of Nominal Income Targeting
Bennett McCallum
6290: The Past, Present, and Future of Macroeconomic Forecasting
Francis X. Diebold
6289: "Make Us a King": Anarchy, Predation, and the State
Herschel . Grossman
6288: The Sources of Regional Variation in the Severity of the Great Depression: Evidence from U.S. Manufacturing, 1919-1937
Joshua L. Rosenbloom and William A. Sundstrom
6287: The Market and the Estimators: Forecasting the Cost of Medicare Catastrophic Coverage
Sherry Glied and Tama Brooks
6286: Debts and Deficits with Fragmented Fiscal Policymaking
Andres Velasco
6285: Population and Ideas: A Theory of Endogenous Growth
Charles . Jones
6284: The Upcoming Slowdown in U.S. Economic Growth
Charles . Jones
6283: Costly Capital Reallocation and the Effects of Government Spending
Valerie Ann Ramey and Matthew D. Shapiro
6282: Apocalypse Now? Fundamental Tax Reform and Residential Housing Values
Donald Bruce and Douglas Holtz-Eakin
6281: The Redistributive Effects of Transfers
Keshab R Bhattarai and John Whalley
6280: Discreteness and the Welfare Cost of Labor Supply Tax Distortions
Keshab R Bhattarai and John Whalley
6279: Employer Learning and Statistical Discrimination
Joseph G. Altonji and Charles R. Pierret
6278: A New Bankruptcy Procedure that Uses Multiple Auctions
Oliver D. Hart , Rafael La Porta , Florencio Lopez- de-Silane and John Moore
6277: Avoiding Health Insurance Crowd-Out: Evidence from the Medicare as Secondary Payer Legislation
Sherry Glied and Mark Stabile
6276: Graduation to Health Insurance Coverage: 1981-1996
Sherry Glied and Mark Stabile
6275: Job Destruction and Propagation of Shocks
Wouter J. den Haan , Garey Ramey and Joel Watson
6274: Power in a Theory of the Firm
Raghuram G. Rajan and Luigi Zingales
6273: Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry
Luigi Zingales
6272: Exceptional Exporter Performance: Cause, Effect, or Both?
Andrew B. Bernard and J. Bradford Jensen
6271: Learning in Cities
Edward Ludwig Glaeser
6270: Geographic Concentration as a Dynamic Process
Guy Dumais , Glenn Ellison and Edward Ludwig Glaeser
6269: Strategic Bidding in a Multi-Unit Auction: An Empirical Analysis of Bids to Supply Electricity
Catherine D. Wolfram
6268: Demographic Transitions and Economic Miracles in Emerging Asia
David Bloom and Jeffrey Gale Williamson
6267: Convergence Clubs and Subsistence Economies
Dan Ben-David
6266: Slowdowns and Meltdowns: Postwar Growth Evidence from 74 Countries
Dan Ben-David and David H. Papell
6265: Does Immigration Hurt African-American Self-Employment?
Robert W. Fairlie and Bruce D. Meyer
6264: Aggregate Investment
Ricardo J. Caballero
6263: The Rate of Return to Corporate Capital and Factor Shares: New EstimatesUsing Revised National Income Accounts and Capital Stock Data
James Poterba
6262: International Trade and Labor-Demand Elasticities
Matthew J. Slaughter
6261: The Role of Discretion in the Criminal Justice System
Daniel P. Kessler and Anne Morrison Piehl
6260: Taxation by Telecommunications Regulation
Jerry Hausman
6259: On the Disutility and Discounting of Imprisonment and the Theory of Deterrence
A. Mitchell Polinsky and Steven Shavell
6258: Generating Real Persistent Effects of Monetary Shocks: How Much Nominal Rigidity Do We Really Need?
Olivier Jeanne
6257: Econometric Models of Limit-Order Executions
Andrew W. Lo , A. Craig MacKinlay and June Zhang