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NBER Working Papers
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4756: Multifactor Models Do Not Explain Deviations from the CAPM
A. Craig MacKinlay
4755: Changing Wage Structure and Black-White Differentials Among Men and Women: A Longitudinal Analysis
David E. Card and Thomas Lemieux
4754: Changes in the Structure of Family Income Inequality in the United States and Other Industrial Nationa During the 1980s
McKinley L. Blackburn and David E. Bloom
4753: American Regionalism and Global Free Trade
Edward E. Leamer
4752: The Great Wars, The Great Crash, and the Unit Root Hypothesis: Some New Evidence About an Old Stylized Fact
Dan Ben-David and David H. Papell
4751: The MFA Paradox: More Protection and More Trade?
Joseph Michael Finger and Ann E. Harrison
4750: The Consumption Smoothing Benefits of Unemployment Insurance
Jonathan Gruber
4749: Precedent and Legal Argument in U.S. Trade Policy: Do They Matter To The Political Economy of the Lumber Dispute?
Joseph P. Kalt
4748: The Impact of Wage Structure on Trends in U.S. Gender Wage Differentials 1975-1987
Francine Blau and Lawrence Kahn
4747: The Political Economy of U.S. Export Subsidies for Wheat
Bruce L. Gardner
4746: The Political-Economy of U.S. Automobile Protection
Douglas Russell Nelson
4745: Trade Politics and the Semiconductor Industry
Douglas A. Irwin
4744: Localization Economies, Vertical Organization and Trade
Gordon Hanson
4743: Information, Trading and Stock Returns: Lessons from Dually-Listed Securities
K.C. Chan , Wai-Ming Fong and René M. Stulz
4742: The Effects of Minimum Wages on Employment: Theory and Evidence from the US
Richard Frederick Dickens , Stephen Machin and Alan Manning
4741: Downsizing and Productivity Growth: Myth or Reality?
Martin Neil Baily , Eric J. Bartelsman and John Haltiwanger
4740: The Legacy of Communist Labor Relations
David G. Blanchflower and Richard B. Freeman
4739: Learning By Doing and the Choice of Technology
Boyan Jovanovic and Yaw Nyarko
4738: Insignificant and Inconsequential Hysteresis: The Case of the U.S. Bilateral Trade
David Parsley and Shang-Jin Wei
4737: Anticipations of Foreign Exchange Volatility and Bid-Ask Spreads
Shang-Jin Wei
4736: On the Speed of Transition Central Europe
Philippe Aghion and Olivier Blanchard
4735: The Soviet Economic Decline: Historical and Republican Data
William Easterly and Stanley Fischer
4734: The Distribution of Public Sector Wage Premia: New Evidence Using Quantile Regression Methods
James Poterba and Kim Rueben
4733: British Unions in Decline: An Examination of the 1980s Fall in Trade Union Recognition
Richard Disney , Amanda Gosling and Stephen Machin
4732: Trade Unions and the Dispersion of Earnings in British Establishments, 1980-90
Amanda Gosling and Stephen Machin
4731: An Analysis of Fee-Shifting Based on the Margin of Victory: On FrivolousSuits, Meritorious Suits and the Role of Rule 11
Lucian Bebchuk and Howard F. Chang
4730: Externalities and Industrial Development
J. Vernon Henderson
4729: Training and the Growth of Wage Inequality
Jill Constantine and David Neumark
4728: Cities and Skills
Edward Ludwig Glaeser and David Christopher Maré
4727: Transaction Costs in Dealer Markets: Evidence From The London Stock Exchange
Peter C. Reiss and Ingrid M. Werner
4726: A Comparison of Job Creation and Job Destruction in Canada and the United States
John Russel Baldwin , Timothy Dunne and John Haltiwanger
4725: Capital Goods Imports and Long-Run Growth
Jong-Wha Lee
4724: The Valuation of Cash Flow Forecasts: An Empirical Analysis
Steven Neil Kaplan and Richard S. Ruback
4723: Firm Diversification and CEO Compensation: Managerial Ability or Executive Entrenchment?
Nancy L. Rose and Andrea Shepard
4722: Testing Static Trade-off Against Pecking Order Models of Capital Structure
Lakshmi Shyam-Sunder and Stewart C. Myers
4721: Congressional Distributive Politics and State Economic Performance
Steven Levitt and James Poterba
4720: Implementing Option Pricing Models When Asset Returns Are Predictable
Andrew W. Lo and Jiang Wang
4719: Reconsidering the Costs of Business Cycles with Incomplete Markets
Andrew Atkeson and Christopher Phelan
4718: A Nonparametric Approach to Pricing and Hedging Derivative Securities Via Learning Networks
James M. Hutchinson , Andrew W. Lo and Tomaso Poggio
4717: A Stock Index Mutual Fund Without Net Capital Gains Realizations
Joel M. Dickson and John B. Shoven
4716: Trade, Wages and Revolving Door Ideas
Edward E. Leamer
4715: Trade and Circuses: Explaining Urban Giants
Alberto F. Ades and Edward Ludwig Glaeser
4714: Evidence on Growth, Increasing Returns and the Extent of the Market
Alberto F. Ades and Edward Ludwig Glaeser
4713: Regional Adjustment to Trade Liberalization
Gordon Hanson
4712: U.S. Interest Allocation Rules: Effects and Policy
Rosanne Altshuler and Jack M. Mintz
4711: Convergence in the Age of Mass Migration
Alan M. Taylor and Jeffrey Gale Williamson
4710: U.S. Foreign Trade and the Balance of Payments, 1800-1913
Robert E. Lipsey
4709: The U.S. Fiscal Problem: Where We Are, How We Got Here and Where We're Going
Alan Auerbach
4708: Alcohol Advertising and Motor Vehicle Fatalities
Henry Saffer
4707: The U-Shaped Female Labor Force Function in Economic Development and Economic History
Claudia Goldin
4706: A Semi-Classical Model of Price Level Adjustment
Bennett McCallum
4705: Recent Developments in the Marriage Tax
Daniel Richard Feenberg and Harvey Rosen
4704: Executive Pay and Performance: Evidence from the U.S. Banking Industry
Robert Glenn Hubbard and Darius Palia
4703: The Tax Sensitivity of Foreign Direct Investment: Evidence from Firm-Level Panel Data
Jason G. Cummins and Robert Glenn Hubbard
4702: Portfolio Inefficiency and the Cross-Section of Expected Returns
Shmuel Kandel and Robert F. Stambaugh
4701: How Much Did Capital Forbearance Add to the Cost of the S&L Insurance Mess
Edward J. Kane and Min-Teh Yu
4700: Information and the Demand for Supplemental Medicare Insurance
Paul Gertler , Roland Sturm and Bruce Davidson
4699: The Effects of Monetary Policy Shocks: Some Evidence from the Flow of Funds
Lawrence J. Christiano , Martin Eichenbaum and Charles L. Evans
4698: Shocks
John H. Cochrane
4697: Macroeconomic Stabilization in Latin America: Recent Experience and Some Sequencing Issues
Sebastian Edwards
4696: Measuring Industry Specific Protection: Antidumping in the United States
Robert W. Staiger and Frank A. Wolak
4695: Issues in the Industrial Organization of the Market for Physician Services
Martin Gaynor
4694: Can Foreign Aid Accelerate Stabilization?
Alessandra Casella and Barry Julian Eichengreen
4693: Exchange Rate Dynamics Redux
Maurice Obstfeld and Kenneth S Rogoff
4692: Monetary Policy Rules and Financial Stability
Bennett McCallum
4691: Outward Direct Investment and the U.S. Economy
Robert E. Lipsey
4690: Why Is There Corporate Taxation In a Small Open Economy? The Role of Transfer Pricing and Income Shifting
Roger H. Gordon and Jeffrey Mackie-Mason
4689: Taxes, Leverage and the National Return on Outbound Foreign Direct Investment
Martin S. Feldstein
4688: Why Do Wage Profiles Slope Upwards? Tests of the General Human Capital Model
David Neumark and Paul Taubman
4687: The Economics of Adjustment
Andrew Caplin and John Leahy
4686: Cross-Border Banking
Jonathan Eaton
4685: Accounting Standards, Information Flow, and Firm Investment Behavior
Jason G. Cummins , Trevor S. Harris and Kevin Allen Hassett
4684: Wage Inequality and Industrial Change: Evidence from Five Decades
Chinhui Juhn
4683: Foreign Direct Investment, Employment Volatility and Cyclical Dumping
Joshua Aizenman
4682: International R&D Spillovers Between U.S. and Japanese R&D Intensive Sectors
Jeffrey . Bernstein and Pierre Mohnen
4681: Policy, Technology Adoption, and Growth
William Easterly , Robert G. King , Ross Levine and Sergio T Rebelo
4680: The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience
Alwyn Young
4679: Minimum Wage Effects on Employment and School Enrollment
David Neumark and William Wascher
4678: International Differences in Male Wage Inequality: Institutions versus Market Forces
Francine Blau and Lawrence Kahn
4677: A Sticky-Price Manifesto
Laurence Ball and N. Gregory Mankiw
4676: Reverse Engineering the Yield Curve
David Backus and Stanley E. Zin
4675: Factor Hoarding and the Propagation of Business Cycles Shocks
Craig Burnside and Martin Eichenbaum
4674: Developments in Collective Bargaining in Construction in the 1980s and 1990s
Steven Allen
4673: The Impact of Prenatal Exposure to Cocaine on Newborn Costs and Length of Stay
Ted Joyce , Andrew D. Racine , Sandra McCalla and Hassan Wehbeh
4672: The Changing Labor Market Position of Canadian Immigrants
David Bloom , Gilles Grenier and Morley Gunderson
4671: Quality Change and other Influences on Measures of Export Prices of Manufactured Goods and the Terms of Trade between Primary Products and Manufacture
Robert E. Lipsey
4670: Household Responses for Pricing Garbage by the Bag
Don Fullerton and Thomas C. Kinnaman
4669: Do Teachers' Race, Gender, and Ethnicity Matter?: Evidence from NELS88
Ronald G. Ehrenberg , Daniel D. Goldhaber and Dominic J. Brewer
4668: The Effects of Outbound Foreign Direct Investment on the Domestic Capital Stock
Martin S. Feldstein
4667: Do Repatriation Taxes Matter? Evidence from the Tax Returns of U.S. Multinationals
Rosanne Altshuler , T. Scott Newlon and William C. Randolph
4666: The Impact of Demographics on Housing and Non-Housing Wealth in the United States
Hilary Williamson Hoynes and Daniel L. McFadden
4665: The Consequences of Population Aging on Private Pension Fund Saving and Asset Markets
Sylvester J. Schieber and John B. Shoven
4664: Updated Notes on the Interindustry Wage Structure
Steven Allen
4663: The Impact of the Federal Reserve Bank's Open Market Operations
Campbell R. Harvey and Roger D. Huang
4662: Do Youths Substitute Alcohol and Marijuana? Some Econometric Evidence
Frank Joseph Chaloupka and Adit Laixuthai
4661: Fixed Exchange Rates, Inflation and Macroeconomic Discipline
Sebastian Edwards and Fernando J. Losada
4660: What Determines Expected International Asset Returns?
Campbell R. Harvey , Bruno Solnik and Guofu Zhou
4659: Balanced and Unbalanced Growth
James E. Rauch
4658: Sources of Real Exchange Rate Fluctuations: How Important are Nominal Shocks?
Richard H. Clarida and Jordi Gali
4657: A Test of the International CAPM Using Business Cycles Indicators as Instrumental Variables
Bernard Dumas