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NBER Working Papers
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2356: Employee Crime, Monitoring, and the Efficiency Wage Hypothesis
William T. Dickens , Lawrence F. Katz , Kevin Lang and Lawrence H. Summers
2355: Taxes, Budget Deficits ad Consumer Spending: Some New Evidence
Martin S. Feldstein and Douglas W. Elmendorf
2354: An Overlapping Generations Model of Electoral Competition
Alberto Alesina and Stephen Spear
2353: The Marginal Excess Burden of Different Capital Tax Instruments
Don Fullerton and Yolanda K. Henderson
2352: Government Saving, Capital Formation and Wealth in the United States, 1947-1985
Michael J. Boskin , Marc S. Robinson and Alan M. Huber
2351: Arbitrator Behavior in Public Sector Wage Disputes
David Bloom
2350: A Goodness of Fit Test of Dual Labor Market Theory
William T. Dickens and Kevin Lang
2349: Imputing Corporate Tax Liabilities to Individual Taxpayers
Martin S. Feldstein
2348: Exchange Controls, Devaluations and Real Exchange Rates: The Latin American Experience
Sebastian Edwards
2347: One Share/One Vote and the Market for Corporate Control
Sanford Jay Grossman and Oliver D. Hart
2346: A Cost-Effectiveness Analysis of Strategies to Reduce Infant Mortality
Hope Corman , Ted Joyce and Michael Grossman
2345: The ECU - An Imaginary or Embryonic Form of Money: What Can We Learn from History?
Michael David Bordo and Anna Jacobson Schwartz
2344: The Worldwide Change in the Behavior of Interest Rates and Prices in 1914
Robert Barsky , N. Gregory Mankiw , Jeffrey A Miron and David N. Weil
2343: Mean Reversion in Stock Prices: Evidence and Implications
James Poterba and Lawrence H. Summers
2342: Breach of Trust in Hostile Takeovers
Andrei Shleifer and Lawrence H. Summers
2341: The Term Structure of Interest Rates
Robert J. Shiller and J. Huston McCulloch
2340: Interest-Only/Principal-Only Mortgage-Backed Strips: A Valuation and Risk Analysis
Alan J. Marcus and Arnold Kling
2339: Sources of Macroeconomic Imbalances in the World Economy: A Simulation Approach
Jeffrey D. Sachs and Nouriel Roubini
2338: Household Dissolution and the Choice of Alternative Living Arrangements Among Elderly Americans
Axel Borsch-Supan
2337: The Effects of Technological Change on Earnings and Income Inequality inthe United States
McKinley L. Blackburn and David Bloom
2336: Risky Income, Life Cycle Consumption, and Precautionary Savings
Jonathan Skinner
2335: Taxation and Output Growth: Evidence from African Countries
Jonathan Skinner
2334: Sibling and Intergenerational Correlations in Welfare Program Participation
Gary Solon , Mary Corcoran , Roger H. Gordon and Deborah Laren
2333: The Right Combination of Demand and Supply Policies: The Case for a Two-Handed Approach
Willem Hendrik Buiter
2332: Concepts and Measures of Federal Deficits and Debt and Their Impact on Economic Activity
Michael J. Boskin
2331: Operative Gift and Bequest Motives
Andrew Abel
2330: Ricardian Equivalence: An Evaluation of Theory and Evidence
B. Douglas Bernheim
2329: The Role of Education: Mobility Increasing or Mobility Impeding?
Axel Borsch-Supan
2328: Long-Term Care, Wealth, and Health of the Disabled Elderly Living in the Community
Alan M. Garber
2327: Sticky Prices as Coordination Failure
Laurence Ball and David Romer
2326: The Poverty of Widows: Future Prospects
Michael D. Hurd
2325: The Wealth and Poverty of Widows: Assets Before and After the Husband's Death
Michael D. Hurd and David Wise
2324: Aging, Moving, and Housing Wealth
Steven Venti and David Wise
2323: Employee Retirement and a Firm's Pension Plan
Laurence J. Kotlikoff and David Wise
2322: Treasury Bill Futures as Hedges Against Inflation Risk
Jayendu Patel and Richard J. Zeckhauser
2321: The Mundell-Flemming Model: A Quarter Century Later
Jacob A. Frenkel and Assaf Razin
2320: Declining Unionization in Construction: The Facts and the Reasons
Steven Allen
2319: Why Have Private Saving Rates in the United States and Canada Diverged?
Christopher Carroll and Lawrence H. Summers
2318: Financial Fragility and Economic Performance
Ben S. Bernanke and Mark L. Gertler
2317: No Room for Weak Links in the Chain of Deposit Insurance Reform
Edward J. Kane
2316: Implicit Contracts, Labor Mobility and Unemployment
Richard J. Arnott , Arthur Hosios and Joseph E. Stiglitz
2315: Costly Adjustment and Limited Borrowing: A Welfare Analysis of Policiesto Achieve External Balance
Joshua Aizenman and Marcelo Selowsky
2314: Income Originating in the State and Local Sector
Charles R. Hulten and Robert M. Schwab
2313: Sectoral and National Aggregate Disturbances to Industrial Output in Seven European Countries
Alan C. Stockman
2312: Inflation: Theory and Evidence
Bennett McCallum
2311: Menu Costs and the Neutrality of Money
Andrew Caplin and Daniel F. Spulber
2310: Exchange Rate Policy Reconsidered
Richard C. Marston
2309: Political vs. Currency Premia in International Real Interest Differentials: A Study of Forward Rates for 24 Countries
Jeffrey Alexander Frankel and Alan T. MacArthur
2308: A Positive Theory of Fiscal Deficits and Government Debt in a Democracy
Alberto Alesina and Guido Tabellini
2307: U.S. Firms in Latin American Service Industries
Magnus Blomstrom and Robert E. Lipsey
2306: Wage Structures and Labor Turnover in the U.S. and in Japan
Jacob Mincer and Yoshio Higuchi
2305: Homeownership Rates of Married Couples: An Econometric Investigation
Donald Richard Haurin , Patric H. Hendershott and David C. Ling
2304: Productivity Levels and Productivity Change Under Unionism
Steven Allen
2303: Tests of International CAPM with Time-Varying Covariances
Charles Engel and Anthony P. Rodrigues
2302: Monopolistic Competition, Credibility and the Output Costs of Disinflation Programs: An Analysis of Price Controls
Sweder van Wijnbergen
2301: Breath Testing and the Demand for Drunk Driving
Henry Saffer and Frank Joseph Chaloupka
2300: Monetary Policy Lessons of recent Inflation and Disinflation
William Poole
2299: Are User Fees Regressive? The Welfare Implications of Health Care Financing Proposals in Peru
Paul Gertler , Luis Locay and Warren C. Sanderson
2298: An Analysis of Fiscal Policy Under Operative and Inoperative Bequest Motives
Andrew Abel
2297: The Efficiency of Investment in the Presence of Aggregate Demand Spillovers
Andrei Shleifer and Robert W. Vishny
2296: Uncertainty and Liquidity
Alberto Giovannini
2295: Characteristics of Hostile and Friendly Takeover Targets
Randall Morck , Andrei Shleifer and Robert W. Vishny
2294: Private Saving in the United States: 1950-85
Patric H. Hendershott and Joe Peek
2293: International Coordination of Trade Policy
J. David Richardson
2292: Federal Deductibility of State and Local Taxes: A Test of Public Choiceby Representative Government
Lawrence B. Lindsey
2291: The Timing of Retirement: A Comparison of Expectations and Realizations
B. Douglas Bernheim
2290: Pricing Mortgages: An Interpretation of the Models and Results
Patric H. Hendershott and Robert Albert Van Order
2289: Understanding the Real Estate Provisions of Tax Reform: Motivation and Impact
James R. Follain , Patric H. Hendershott and David C. Ling
2288: Intergenerational Altruism and Social Welfare: A Critique of the Dynastic Model
B. Douglas Bernheim
2287: International Policy Coordination: The Case of the Developing Country Debt Crisis
Jeffrey D. Sachs
2286: The Cost of Capital in the U.S. and Japan: A Comparison
Albert Ando and Alan Auerbach
2285: Why Does Money Affect Output? A Survey
Olivier Blanchard
2284: The Effect of Public Sector Labor laws on Collective Bargaining, Wages, and Employment
Richard B. Freeman and Robert G. Valletta
2283: Federal Assistance and Local Services in the United States: The Evolution of a New Federalist Fiscal Order
Robert P. Inman
2282: The Effect of Family Background on Economic Status: A Longitudinal Analysis of Sibling Correlations
Gary Solon , Mary Corcoran , Roger H. Gordon and Deborah Laren
2281: Household Migration, Urban Growth, and Industrialization: The United States, 1850-1860
Richard H. Steckel
2280: Effects of the Changing U.S. Age Distribution on Macroeconomic Equations
Ray C. Fair and Kathryn Mary Elizabeth Dominguez
2279: The Significance of Tax Law Asymmetries: An Empirical Investigation
Rosanne Altshuler and Alan Auerbach
2278: Delay in Reporting Acquired Immune Deficiency Syndrome (AIDS)
Jeffrey E. Harris
2277: Financial Innovations in International Financial Markets
Richard M. Levich
2276: Developing the ECU Markets: Perspectives on Financial Innovation
Richard M. Levich
2275: On the Definition and Magnitude of Recent Capital Flight
Robert E. Cumby and Richard M. Levich
2274: Is the U.S. a Spendthrift Nation?
Robert E. Lipsey and Irving B. Kravis
2273: The Impact of Firm Acquisitions on Labor
Charles Brown and James L. Medoff
2272: Housing Finance Imperfections and Private Saving: A Comparative Simulation Analysis of the U.S. and Japan
Fumio Hayashi , Takatoshi Ito and Joel Slemrod
2271: Inter-Industry Wage Differences and Theories of Wage Determination
William T. Dickens and Lawrence F. Katz
2270: The Optimal Collection of Seigniorage: Theory and Evidence
N. Gregory Mankiw
2269: Regulation and the Provision of Quality to Heterogenous Consumers: The Case of Prospective Pricing of Medical Services
Robin Allen and Paul Gertler
2268: Stabilization with Exchange Rate Management under Uncertainty
Allan Drazen and Elhanan Helpman
2267: The Decline of Unionization in the United States: What can Be Learned from Recent Experience?
Henry S. Farber
2266: Pensions and Firm Performance
Steven Allen and Robert L. Clark
2265: Consumption
Robert Ernest Hall
2264: Investment Under Uncertainty: Theory and Tests with Industry Data
Robert Ernest Hall
2263: Longitudinal Analysis of Strike Activity
David E. Card
2262: Excess Capacity, Monopolistic Competition, and International Transmission of Monetary Disturbances
Lars E. O. Svensson and Sweder van Wijnbergen
2261: Tariffs, Employment and the Current Account: Real Wage Resistance and the Macroeconomics of Protectionism
Sweder van Wijnbergen
2260: Who Should Learn What From the Failure and Delayed Bailout of the ODGF?
Edward J. Kane
2259: Nominally Sovereign Debt, Risk Shifting, and Reputation
Herschel . Grossman and John B. Van Huyck
2258: Testing Ricardian Neutrality with an Intertemporal Stochastic Model
Leonardo Leiderman and Assaf Razin
2257: Social Security Benefits: An Empirical Study of Expectations and Realizations
B. Douglas Bernheim