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NBER Working Papers

From National Bureau of Economic Research, Inc
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7319: Bankers on Boards: Monitoring, Conflicts of Interest, and Lender Liability Downloads
Randall S. Kroszner and Philip E. Strahan
7318: Delays in Claiming Social Security Benefits Downloads
Courtney Coile, Peter Diamond, Jonathan Gruber and Alain Jousten
7317: Order Flow and Exchange Rate Dynamics Downloads
Martin Evans and Richard Lyons
7316: An Efficiency Approach to the Evaluation of Policy Changes Downloads
Stephen Coate
7315: Political Economy, Sectoral Shocks, and Border Enforcement Downloads
Gordon Hanson and Antonio Splimbergo
7314: Pre-Retirement Cashouts and Foregone Retirement Saving: Implications for 401(k) Asset Accumulation Downloads
James Poterba, Steven Venti and David Wise
7313: New Directions for Stochastic Open Economy Models Downloads
Maurice Obstfeld and Kenneth Rogoff
7312: The Choice of Structural Model in Trade-Wages Decompositions Downloads
Lisandro Abrego and John Whalley
7311: Understanding How Price Responds to Costs and Production Downloads
Mark Bils and Yongsung Chang
7310: What Inventory Behavior Tells Us About Business Cycles Downloads
Mark Bils and James Kahn
7309: Wages and the Allocation of Hours and Effort Downloads
Mark Bils and Yongsung Chang
7308: Costs of Air Quality Regulation Downloads
Randy Becker and J. Vernon Henderson
7307: The Impact of Employer-Provided Health Insurance on Dynamic Employment Transitions Downloads
Donna B. Gilleskie and Byron F. Lutz
7306: The Impact of Young Workers on the Aggregate Labor Market Downloads
Robert Shimer
7305: The Environmental Regime in Developing Countries Downloads
Raghbendra Jha and John Whalley
7304: The Crisis of Germany's Pension Insurance System and How It Can Be Resolved Downloads
Hans-Werner Sinn
7303: Incomplete Contracts and Industrial Organization Downloads
Gene Grossman and Elhanan Helpman
7302: The Fallacy of the Fiscal Theory of the Price Level Downloads
Willem Buiter
7301: The Effects of Environmental Policy on the Performance of Environmental RIVs Downloads
Yannis Katsoulacos, Alistair Ulph and David Ulph
7300: Economic Imperialism Downloads
Edward Lazear
7299: A Cross-National Analysis of the Effects of Minimum Wages on Youth Employment Downloads
David Neumark and William Wascher
7298: Green Taxes and Administrative Costs: The Case of Carbon Taxation Downloads
Sjak Smulders and Herman R.J. Vollebergh
7297: An Industry-Adjusted Index of State Environmental Compliance Costs Downloads
Arik Levinson
7296: The Government as Litigant: Further Tests of the Case Selection Model Downloads
Theodore Eisenberg and Henry S. Farber
7295: Have Employment Reductions Become Good News for Shareholders? The Effect of Job Loss Announcements on Stock Prices, 1970-97 Downloads
Henry S. Farber and Kevin Hallock
7294: Measuring the Effects of Arbitration on Wage Levels: The Case of Police Officers Downloads
Orley Ashenfelter and Dean Hyslop
7293: Domestic Policies, National Sovereignty and International Economic Institutions Downloads
Kyle Bagwell and Robert Staiger
7292: Affiliates of U.S. and Japanese Multinationals in East Asian Production and Trade Downloads
Robert Lipsey
7291: Health Insurance and Less Skilled Workers Downloads
Janet Currie and Aaron Yelowitz
7290: Are Whites Still "Fleeing"? Racial Patterns and Enrollment Shifts in Urban Public Schools, 1987-1996 Downloads
Charles Clotfelter
7289: Are There Returns to the Wages of Young Men from Working While in School? Downloads
V. Joseph Hotz, Lixin Xu, Marta Tienda and Avner Ahituv
7288: Policies to Foster Human Capital Downloads
James Heckman
7287: The Evolving Market for Catastrophic Event Risk Downloads
Kenneth Froot
7286: The Market for Catastrophe Risk: A Clinical Examination Downloads
Kenneth Froot
7285: Organizational Change in French Manufacturing: What Do We Learn From Firm Representatives and From Their Employees? Downloads
Nathalie Greenan and Jacques Mairesse
7284: Comparing Asset Pricing Models: An Investment Perspective Downloads
Lubos Pastor and Robert Stambaugh
7283: Too Much of a Good Thing? The Economics of Investment in R&D Downloads
Charles Jones and John Williams
7282: The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence Downloads
Olivier Blanchard and Justin Wolfers
7281: Efficiency Effects on the U.S. Economy from Wireless Taxation Downloads
Jerry Hausman
7280: The U.S. Patent System in Transition: Policy Innovation and the Innovation Process Downloads
Adam Jaffe
7279: The Concentration of Medical Spending: An Update Downloads
David Cutler and Ellen Meara
7278: Tradable Deficit Permits: Efficient Implementation of the Stability Pacin the European Monetary Union Downloads
Alessandra Casella
7277: Race and Home Ownership, 1900 to 1990 Downloads
William Collins and Robert Margo
7276: Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability Downloads
Lars Svensson
7275: Size and Growth of Japanese Plants in the United States Downloads
Bruce Blonigen and KaSaundra Tomlin
7274: The Effects of Direct Foreign Investment on Local Communities Downloads
David Figlio and Bruce Blonigen
7273: The Competition Between Competition Rules Downloads
Hans-Werner Sinn
7272: Liquidity Crises in Emerging Markets: Theory and Policy Downloads
Roberto Chang and Andres Velasco
7271: Consumption Over the Life Cycle Downloads
Pierre-Olivier Gourinchas and Jonathan Parker
7270: ABC at Insteel Industries Downloads
V.G. Narayanan and Ratna G. Sarkar
7269: An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output Downloads
Olivier Blanchard and Roberto Perotti
7268: Taxing Retirement Income: Nonqualified Annuities and Distributions from Qualified Accounts Downloads
Jeffrey Brown, Olivia Mitchell, James Poterba and Mark J. Warshawsky
7267: No Contagion, Only Interdependence: Measuring Stock Market Co-movements Downloads
Kristin Forbes and Roberto Rigobon
7266: Is Hospital Competition Socially Wasteful? Downloads
Daniel P. Kessler and Mark B. McClellan
7265: International Institutions for Reducing Global Financial Instability Downloads
Kenneth Rogoff
7264: Trade and Growth: Import-Led or Export-Led? Evidence From Japan and Korea Downloads
Robert Lawrence and David Weinstein
7263: Can Capital Mobility be Destabilizing? Downloads
Qinglai Meng and Andres Velasco
7262: Determinants of Smoking Cessation: An Analysis of Young Adult Men and Women Downloads
John Tauras and Frank Chaloupka
7261: Optimal Monetary Policy Inertia Downloads
Michael Woodford
7260: Quality Certification and the Economics of Contract Software Development A Study of the Indian Software Industry Downloads
Ashish Arora and Jai Asundi
7259: A Tax on Output of the Polluting Industry is Not a Tax on Pollution: The Importance of Hitting the Target Downloads
Don Fullerton, Inkee Hong and Gilbert Metcalf
7258: Is There Monopsony in the Labor Market? Evidence from a Natural Experiment Downloads
Doug Staiger, Joanne Spetz and Ciaran Phibbs
7257: The Band Pass Filter Downloads
Lawrence Christiano and Terry Fitzgerald
7256: Assessing the Impact of Organizational Practices on the Productivity of University Technology Transfer Offices: An Exploratory Study Downloads
Donald Siegel, David Waldman and Albert Link
7254: Distortionary Taxation, Excessive Price Sensitivity, and Japanese Land Prices Downloads
Kiyohiko G. Nishimura, Fukujyu Yamazaki, Takako Idee and Toshiaki Watanabe
7253: Are All Banking Crises Alike? The Japanese Experience in International Comparison Downloads
Michael Hutchison and Kathleen McDill
7252: Tax Policy and Consumer Spending: Evidence from Japanese Fiscal Experiments Downloads
Katsunori Watanabe, Takayuki Watanabe and Tsutomu Watanabe
7251: Determinants of the Japan Premium: Actions Speak Louder Than Words Downloads
Joe Peek and Eric Rosengren
7250: The Japanese Banking Crisis: Where Did It Come From and How Will It End? Downloads
Takeo Hoshi and Anil Kashyap
7249: The Dynamics of Educational Attainment for Blacks, Hispanics, and Whites Downloads
Stephen V. Cameron and James Heckman
7248: Local Academic Science Driving Organizational Change: The Adoption of Biotechnology by Japanese Firms Downloads
Michael Darby and Lynne Zucker
7247: Japan's Big Bang and the Transformation of Financial Markets Downloads
Takatoshi Ito and Michael Melvin
7246: Explaining the Cross-Section of Stock Returns in Japan: Factors or Characteristics? Downloads
Kent Daniel, Sheridan Titman and K.C. John Wei
7245: Liquidity Traps: How to Avoid Them and How to Escape Them Downloads
Willem Buiter and Nikolaos Panigirtzoglou
7244: Tax Structure and Government Behavior: Implications for Tax Policy Downloads
Roger Gordon and John Wilson
7243: Worklife Determinants of Retirement Income Differentials Between Men and Women Downloads
Phillip Levine, Olivia Mitchell and John W. Phillips
7242: Violating the Law of One Price: Should We Make a Federal Case Out of It? Downloads
Charles Engel and John Rogers
7241: Characteristics of TQM: Evidence from the RIT/USA Today Quality Cup Competition Downloads
Joshua G. Rosett and Richard N. Rosett
7240: Social Approval, Values, and AFDC: A Re-Examination of the Illegitimacy Debate Downloads
Thomas Nechyba
7239: A Model of Multiple Districts and Private Schools: The Role of Mobility, Targeting, and Private School Vouchers Downloads
Thomas Nechyba
7238: Spendthrift in America? On Two Decades of Decline in the U.S. Saving Rate Downloads
Jonathan Parker
7237: Explaining the Poor Performance of Consumption-Based Asset Pricing Models Downloads
John Campbell and John Cochrane
7236: The Extent and Consequences of Downward Nominal Wage Rigidity Downloads
Joseph Altonji and Paul Devereux
7235: Estimating Returns to Schooling When Schooling is Misreported Downloads
Thomas J. Kane, Cecilia Elena Rouse and Doug Staiger
7234: Expectations, Credibility, and Time-Consistent Monetary Policy Downloads
Peter Ireland
7233: Crisis Prevention: Lessons from Mexico and East Asia Downloads
Sebastian Edwards
7232: Federalism and Takeover Law: The Race to Protect Managers from Takeovers Downloads
Lucian Bebchuk and Allen Ferrell
7231: The Transmission Mechanism of Monetary Policy in Europe: Evidence from Banks' Balance Sheets Downloads
Carlo Favero, Francesco Giavazzi and Luca Flabbi
7230: Accounting for Heterogeneity, Diversity, and General Equilibriumin Evaluating Social Programs Downloads
James Heckman
7229: Union Success in Representation Elections: Why Does Unit Size Matter? Downloads
Henry S. Farber
7228: Exchange Rates in Emerging Economies: What Do We Know? What Do We Need to Know? Downloads
Sebastian Edwards and Miguel A. Savastano
7227: The Impact of US News and World Report College Rankings on Admission Outcomes and Pricing Decisions at Selective Private Institutions Downloads
James Monks and Ronald Ehrenberg
7226: Testing for Structural Breaks in the Evaluation of Programs Downloads
Anne Piehl, Suzanne J. Cooper, Anthony A. Braga and David M. Kennedy
7225: The Supply of Quality in Child Care Centers Downloads
David Blau and Naci Mocan
7224: Explaining Inequality the World Round: Cohort Size, Kuznets Curves, andOpenness Downloads
Matthew Higgins and Jeffrey Williamson
7223: The Stock Market Valuation of Research and Development Expenditures Downloads
Louis K.C. Chan, Josef Lakonishok and Theodore Sougiannis
7222: Product Differentiation and the Use of Information Technology: New Evidence from the Trucking Industry Downloads
Atreya Chakraborty and Mark Kazarosian
7221: Health Care Capital Financing Agencies: The Intergovernmental Roles of Quasi-Government Authorities and the Impact on the Cost of Capital Downloads
Alec Ian Gershberg, Michael Grossman and Fred Goldman
7220: Prospect Theory and Asset Prices Downloads
Nicholas Barberis, Ming Huang and Tano Santos
7219: The Dynamics of Emerging Market Equity Flows Downloads
Geert Bekaert, Campbell Harvey and Robin L. Lumsdaine
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