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NBER Working Papers
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17660: The Valuation Effects of Geographic Diversification: Evidence from U.S. Banks
Martin Richard Goetz , Luc Laeven and Ross Levine
17659: Cross-Sectoral Variation in The Volatility of Plant-Level Idiosyncratic Shocks
Rui Luís de Castro , Gian Luca Clementi and Yoonsoo Lee
17658: Take-Up of Public Insurance and Crowd-out of Private Insurance Under Recent CHIP Expansions to Higher Income Children
Carole Roan Gresenz , Sarah E. Edgington , Miriam J. Laugesen and José J. Escarce
17657: The Best of Times, the Worst of Times: Understanding Pro-cyclical Mortality
Ann Huff Stevens , Douglas Lee Miller , Marianne Elizabeth Page and Mateusz Filipski
17656: The Contribution of Schooling in Development Accounting: Results from a Nonparametric Upper Bound
Francesco Caselli and Antonio Ciccone
17655: The Electoral Consequences of Large Fiscal Adjustments
Alberto Alesina , Dorian Carloni and Giampaolo Lecce
17654: The Expanding Social Safety Net
Casey Mulligan
17653: Evaporating Liquidity
Stefan Nagel
17652: Competing on Speed
Emiliano Pagnotta and Thomas PHILIPPON
17651: Do Mood Swings Drive Business Cycles and is it Rational?
Paul Beaudry , Deokwoo Nam and Jian Wang
17650: Can the Doha Round be a Development Round? Setting a Place at the Table
Kyle Bagwell and Robert W. Staiger
17649: Aggregate Impacts of a Gift of Time
Jungmin Lee , Daiji Kawaguchi and Daniel Hamermesh
17648: Avoiding The Ask: A Field Experiment on Altruism, Empathy, and Charitable Giving
James Andreoni , Justin M. Rao and Hannah Trachtman
17647: Incentives and Adaptation: Evidence from Highway Procurement in Minnesota
Gregory Lewis and Patrick Bajari
17646: Does Practice-Based Teacher Preparation Increase Student Achievement? Early Evidence from the Boston Teacher Residency
John P. Papay , Martin R. West , Jon B. Fullerton and Thomas J. Kane
17645: Linking External Sector Imbalances and Changing Financial Instability before the 2008 Financial Crisis
John Whalley , Manmohan Agarwal , Jing Wang , Sean Walsh and Chen Yan
17644: The Use of Tax Havens in Exemption Regimes
Anna Gumpert , James R. Hines and Monika Schnitzer
17643: Regression Discontinuity Designs with an Endogenous Forcing Variable and an Application to Contracting in Health Care
Patrick Bajari , Han Hong , Minjung Park and Robert Town
17642: Optimal Dynamic Taxes
Michael Golosov , Maxim Troshkin and Aleh Tsyvinski
17641: The International Monetary System: Living with Asymmetry
Maurice Obstfeld
17640: Cultural Diversity, Geographical Isolation, and the Origin of the Wealth of Nations
Quamrul Ashraf and Oded Galor
17639: Selecting the Best? Spillover and Shadows in Elimination Tournaments
Jennifer Brown and Dylan B. Minor
17638: Recessions and the Cost of Job Loss
Steven J. Davis and Till M. von Wachter
17637: Alcohol and Student Performance: Estimating the Effect of Legal Access
Jason M. Lindo , Isaac D. Swensen and Glen R Waddell
17636: Rewarding Altruism? A Natural Field Experiment
Nicola Lacetera , Mario Macis and Robert L Slonim
17635: Crowding-Out Charitable Contributions in Canada: New Knowledge from the North
James Andreoni and A. Abigail Payne
17634: The Control of Politicians in Normal Times and Times of Crisis: Wealth Accumulation by U.S. Congressmen, 1850-1880
Pablo Querubin and James M. Snyder
17633: Gains and Gaps: Changing Inequality in U.S. College Entry and Completion
Martha J. Bailey and Susan Marie Dynarski
17632: Getting Beneath the Veil of Effective Schools: Evidence from New York City
Will Dobbie and Roland Gerhard Fryer
17631: Does Trade Globalization Induce or Inhibit Corporate Transparency? Unbundling the Growth Potential and Product Market Competition Channels
Hui Tong and Shang-Jin Wei
17630: The Incidence of Geography on Canada's Services Trade
James E. Anderson , Catherine A. Milot and Yoto V. Yotov
17629: Optimal Expectations and Limited Medical Testing: Evidence from Huntington Disease
Emily Oster , Ira Shoulson and E. Ray Dorsey
17628: Conflicts of Interest Distort Public Evaluations: Evidence from the Top 25 Ballots of NCAA Football Coaches
Matthew Jason Kotchen and Matthew Potoski
17627: The Empirics of Firm Heterogeneity and International Trade
Andrew B. Bernard , J. Bradford Jensen , Stephen James Redding and Peter K. Schott
17626: Target Loans, Current Account Balances and Capital Flows: The ECB’s Rescue Facility
Hans-Werner Sinn and Timo Wollmershaeuser
17625: The Evolving Impact of the Ogallala Aquifer: Agricultural Adaptation to Groundwater and Climate
Richard Hornbeck and Pinar Keskin
17624: When Should Sellers Use Auctions?
James W. Roberts and Andrew Sweeting
17623: A Theory of Monitoring and Internal Labor Markets
Gautam Bose and Kevin Lang
17622: Macroeconomics With Heterogeneity: A Practical Guide
Fatih Guvenen
17621: When Credit Bites Back: Leverage, Business Cycles, and Crises
Oscar Jorda , Moritz Schularick and Alan M. Taylor
17620: The Long-Run Effects of the Scramble for Africa
Stelios Michalopoulos and Elias Papaioannou
17619: On Graduation from Fiscal Procyclicality
Jeffrey Alexander Frankel , Carlos A. Vegh and Guillermo Javier Vuletin
17618: Diversity and Donations: The Effect of Religious and Ethnic Diversity on Charitable Giving
James Andreoni , Abigail Payne , Justin Smith and David Karp
17617: The Euro and European Economic Conditions
Martin S. Feldstein
17616: Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities
Thomas Piketty , Emmanuel Saez and Stefanie Stantcheva
17615: Time-Varying Fund Manager Skill
Marcin Kacperczyk , Stijn Van Nieuwerburgh and Laura Veldkamp
17614: Household Stock Market Beliefs and Learning
Gabor Kezdi and Robert J. Willis
17613: Logical Implications of GASB’s Methodology for Valuing Pension Liabilities
Robert Novy-Marx
17612: Risk Sharing through Capital Gains
Faruk Balli , Sebnem Kalemli-Ozcan and Bent E. Sorensen
17611: Hedonic Prices and Implicit Markets: Estimating Marginal Willingness to Pay for Differentiated Products Without Instrumental Variables
Kelly C. Bishop and Christopher Timmins
17610: Permanent Income and the Black-White Test Score Gap
Jesse Rothstein and Nathan Wozny
17609: Immigrant-Native Substitutability: The Role of Language Ability
Ethan G. Lewis
17608: Can Governments Do It Better? Merger Mania and Hospital Outcomes in the English NHS
Martin Gaynor , Mauro Laudicella and Carol Propper
17607: Economic History or History of Economics? A Review Essay on Sylvia Nasar’s Grand Pursuit: the Story of Economic Genius
Orley Ashenfelter
17606: Contracting With Synergies
Alex Edmans , Itay Goldstein and John Y. Zhu
17605: Skill-biased Technological Change, Earnings of Unskilled Workers, and Crime
Naci H. Mocan and Bulent Unel
17604: Skill Biased Heterogeneous Firms, Trade Liberalization, and the Skill Premium
James Harrigan and Ariell Reshef
17603: Size Inequality, Coordination Externalities and International Trade Agreements
Nuno M. Limão and Kamal Saggi
17602: The Role of Information in Competitive Experimentation
Ufuk Akcigit and Qingmin Liu
17601: Resource Windfalls, Political Regimes, and Political Stability
Francesco Caselli and Andrea Tesei
17600: The Impact of the Macroeconomy on Health Insurance Coverage: Evidence from the Great Recession
John Cawley , Asako S. Moriya and Kosali Ilayperuma Simon
17599: Should Derivatives be Privileged in Bankruptcy?
Patrick Bolton and Martin Oehmke
17598: Coping with Shocks and Shifts: The Multilateral Trading System in Historical Perspective
Douglas A. Irwin and O'Rourke, Kevin H.
17597: Anticipating the Great Depression? Gustav Cassel’s Analysis of the Interwar Gold Standard
Douglas A. Irwin
17596: Local Industrial Structures and Female Entrepreneurship in India
Ejaz Ghani , William Kerr and O'Connell, Stephen D.
17595: Gold Sterilization and the Recession of 1937-38
Douglas A. Irwin
17594: Trade Prices and the Global Trade Collapse of 2008-2009
Gita Gopinath , Oleg Itskhoki and Brent Neiman
17593: The External Impact of China's Exchange Rate Policy: Evidence from Firm Level Data
Barry Julian Eichengreen and Hui Tong
17592: The Leverage Effect Puzzle: Disentangling Sources of Bias at High Frequency
Yacine Ait-Sahalia , Jianqing Fan and Yingying Li
17591: Does School Autonomy Make Sense Everywhere? Panel Estimates from PISA
Eric A. Hanushek , Susanne Link and Ludger Woessmann
17590: Shaped by Booms and Busts: How the Economy Impacts CEO Careers and Management Styles
Antoinette Schoar and Luo Zuo
17589: Substitution and Stigma: Evidence on Religious Competition from the Catholic Sex-Abuse Scandal
Daniel M. Hungerman
17588: Marginal Effects in Multivariate Probit and Kindred Discrete and Count Outcome Models, with Applications in Health Economics
John Mullahy
17587: The Welfare Economics of Default Options: A Theoretical and Empirical Analysis of 401(k) Plans
B. Douglas Bernheim , Andrey Fradkin and Igor Popov
17586: Sovereign CDS and Bond Pricing Dynamics in the Euro-area
Giorgia Palladini and Richard Portes
17585: Charitable Giving When Altruism and Similarity are Linked
Julio Rotemberg
17584: Rising Labor Productivity during the 2008-9 Recession
Casey Mulligan
17583: Credit Crises, Precautionary Savings, and the Liquidity Trap
Veronica Guerrieri and Guido Lorenzoni
17582: Feedback Effects and the Limits to Arbitrage
Alex Edmans , Itay Goldstein and Wei Jiang
17581: The Determinants and Long-term Projections of Saving Rates in Developing Asia
Charles Yuji Horioka and Akiko Terada- Hagiwara
17580: Socioeconomic Differences in the Impact of Smoking Tobacco and Alcohol Prices on Smoking in India
G Emmanuel Guindon , Arindam Nandi , Frank Joseph Chaloupka and Prabhat Jha
17579: Laws and Norms
Roland J. Benabou and Jean Tirole
17578: What U.S. Data Should be Used to Measure the Price Elasticity of Demand for Alcohol?
Christopher Ruhm , Alison Snow Jones , William C. Kerr , Thomas K. Greenfield , Joseph V. Terza , Ravi S. Pandian and Kerry Anne McGeary
17577: The Dynamics of Firm Lobbying
William Kerr , William Fabius Lincoln and Prachi Mishra
17576: How Would EU Corporate Tax Reform Affect US Investment in Europe?
Michael P. Devereux and Simon Loretz
17575: Temperature, Aggregate Risk, and Expected Returns
Ravi Bansal and Juan Marcelo Ochoa
17574: Welfare Costs of Long-Run Temperature Shifts
Ravi Bansal and Juan Marcelo Ochoa
17573: Patent Pools and the Direction of Innovation - Evidence from the 19th-century Sewing Machine Industry
Ryan L. Lampe and Petra Moser
17572: Academic Dynasties: Decentralization and Familism in the Italian Academia
Ruben Durante , Giovanna Labartino and Roberto Perotti
17571: The "Austerity Myth": Gain Without Pain?
Roberto Perotti
17570: The Impact of Immigration on Native Poverty through Labor Market Competition
Giovanni Peri
17569: The Promise and Problems of Pricing Carbon: Theory and Experience
Joseph E. Aldy and Robert Norman Stavins
17568: A Model of Private Equity Fund Compensation
Wonho Wilson Choi , Andrew Metrick and Ayako Yasuda
17567: The Effect of Liquidity on Governance
Alex Edmans , Vivian W. Fang and Emanuel Zur
17566: Persistent Liquidity Effects and Long Run Money Demand
Fernando E. Alvarez and Francesco Lippi
17565: Ownership Characteristics, Real Exchange Rate Movements and Labor Market Adjustment in China
Risheng Mao and John Whalley
17564: The Forward Premium Puzzle in a Two-Country World
Ian Martin
17563: The Lucas Orchard
Ian Martin
17562: Fiscal Policy and Unemployment
Marco Battaglini and Stephen Coate
17561: Testing Conditional Factor Models
Andrew Ang and Dennis Kristensen