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NBER Working Papers
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14059: Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines
Efraim Benmelech and Nittai K. Bergman
14058: Market Liquidity, Asset Prices and Welfare
Jennifer Huang and Jiang Wang
14057: Bringing Science to Market: Commercializing from NIH SBIR Awards
Albert N. Link and Christopher Ruhm
14056: Big-Think Regionalism: A Critical Survey
Richard Baldwin
14055: Asset Allocation and Location over the Life Cycle with Survival-Contingent Payouts
Wolfram J. Horneff , Raimond H. Maurer , Olivia S. Mitchell and Michael Z. Stamos
14054: Do Peso Problems Explain the Returns to the Carry Trade?
Craig Burnside , Martin Eichenbaum , Isaac Kleshchelski and Sergio T Rebelo
14053: Health, Stress, and Social Networks: Evidence from Union Army Veterans
Dora L. Costa and Matthew Kahn
14052: The Macroeconomic Implications of Rising Wage Inequality in the United States
Jonathan Heathcote , Kjetil Storesletten and Giovanni Luca Violante
14051: A Pragmatic Approach to Capital Account Liberalization
Eswar Prasad and Raghuram G. Rajan
14050: Second-Best Institutions
Dani Rodrik
14049: An Anatomy Of Credit Booms: Evidence From Macro Aggregates And Micro Data
Enrique G. Mendoza and Marco E. Terrones
14048: Interpreting the Great Moderation: Changes in the Volatility of Economic Activity at the Macro and Micro Levels
Steven J. Davis and James A Kahn
14047: Fiscal Policy over the Real Business Cycle: A Positive Theory
Marco Battaglini and Stephen Coate
14046: Consistent Trade Policy Aggregation
James E. Anderson
14045: Does Trade Foster Contract Enforcement?
James E. Anderson
14044: Taking the Easy Way Out: How the GED Testing Program Induces Students to Drop Out
James J. Heckman , John Eric Humphries , Paul Anthony LaFontaine and Pedro L. Rodriguez
14043: Crossover Inventions And Knowledge Diffusion Of General Purpose Technologies? Evidence From The Electrical Technology
Shih-tse Lo and Dhanoos Sutthiphisal
14042: Cigarette Taxes and the Transition from Youth to Adult Smoking: Smoking Initiation, Cessation, and Participation
Philip DeCicca , Donald S. Kenkel and Alan D. Mathios
14041: Effects of Regulation on Drug Launch and Pricing in Interdependent Markets
Patricia M. Danzon and Andrew J. Epstein
14040: Bayesian Learning in Social Networks
Daron Acemoglu , Munther A. Dahleh , Ilan Lobel and Asuman Ozdaglar
14039: Return Migration as a Channel of Brain Gain
Karin Mayr and Giovanni Peri
14038: The Impact of Earnings Disregards on the Behavior of Low Income Families
Jordan D. Matsudaira and Rebecca M. Blank
14037: Health, Human Capital, and African American Migration Before 1910
Trevon D. Logan
14036: Who Gentrifies Low-Income Neighborhoods?
Terra McKinnish , Randall Phillip Walsh and T. Kirk White
14035: The Own and Social Effects of an Unexpected Income Shock: Evidence from the Dutch Postcode Lottery
Peter Joseph Kuhn , Peter Kooreman , Adriaan Soetevent and Arie Kapteyn
14034: Globalization, Growth and Crises: The View from Latin America
Sebastian Edwards
14033: When Does Policy Reform Work? The Case of Central Bank Independence
Daron Acemoglu , Simon Johnson , Pablo Querubin and James Alan Robinson
14032: Does Your Cohort Matter? Measuring Peer Effects in College Achievement
Scott E. Carrell , Richard L. Fullerton and James E West
14031: Under the Weather: Health, Schooling, and Economic Consequences of Early-Life Rainfall
Sharon L. Maccini and Dean Yang
14030: The Allocative Cost of Price Ceilings in the U.S. Residential Market for Natural Gas
Lucas W. Davis and Lutz Kilian
14029: Government Sponsored versus Private Venture Capital: Canadian Evidence
James A. Brander , Edward Egan and Thomas Hellmann
14028: Fiscal Foresight: Analytics and Econometrics
Eric Leeper , Todd B. Walker and Shu-Chun S. Yang
14027: Big Business Stability and Social Welfare
Kathy Fogel , Randall Morck and Bernard Yeung
14026: Systemic Sudden Stops: The Relevance Of Balance-Sheet Effects And Financial Integration
Guillermo A. Calvo , Alejandro Izquierdo and Luis-Fernando Mejía
14025: Carbon Motivated Border Tax Adjustments: Old Wine in Green Bottles?
Ben Lockwood and John Whalley
14024: China's Growing Economic Activity in Africa
Hany Besada , Yang Wang and John Whalley
14023: Assessing the Federal Deduction for State and Local Tax Payments
Gilbert Metcalf
14022: Who Leaves? Teacher Attrition and Student Achievement
Donald Boyd , Pam Grossman , Hamilton Lankford , Susanna Loeb and James Wyckoff
14021: The Narrowing Gap in New York City Teacher Qualifications and its Implications for Student Achievement in High-Poverty Schools
Donald Boyd , Hamilton Lankford , Susanna Loeb , Jonah Rockoff and James Wyckoff
14020: Measuring the Output and Prices of the Lottery Sector: An Application of Implicit Expected Utility Theory
Kam Yu
14019: Inflation, Monetary Policy and Stock Market Conditions
Michael David Bordo , Michael J. Dueker and David C Wheelock
14018: Hedonic Imputation versus Time Dummy Hedonic Indexes
Walter Erwin Diewert , Saeed Heravi and Mick Silver
14017: Understanding International Price Differences Using Barcode Data
Christian Broda and David Weinstein
14016: Estimation of De Facto Exchange Rate Regimes: Synthesis of the Techniques for Inferring Flexibility and Basket Weights
Jeffrey Alexander Frankel and Shang-Jin Wei
14015: Private Sunspots and Idiosyncratic Investor Sentiment
George-Marios Angeletos
14014: Searching for Optimal Inequality/Incentives
Anders Bjorklund and Richard B. Freeman
14013: Liquidity and Market Crashes
Jennifer Huang and Jiang Wang
14012: Explaining International Differences in Entrepreneurship: The Role of Individual Characteristics and Regulatory Constraints
Silvia Ardagna and Annamaria Lusardi
14011: Air Quality and Early-Life Mortality: Evidence from Indonesia's Wildfires
Seema Jayachandran
14010: Is the Obesity Epidemic a Public Health Problem? A Decade of Research on the Economics of Obesity
Tomas J Philipson and Richard Posner
14009: Pharmaceutical innovation and the longevity of Australians: a first look
Frank Lichtenberg and Gautier DUFLOS
14008: Have Newer Cardiovascular Drugs Reduced Hospitalization? Evidence From Longitudinal Country-Level Data on 20 OECD Countries, 1995-2003
Frank Lichtenberg
14007: Making Sense of the Labor Market Height Premium: Evidence From the British Household Panel Survey
Anne Case , Christina Paxson and Mahnaz Islam
14006: The Impact of Employment during School on College Student Academic Performance
Jeffrey S DeSimone
14005: The Globalization of Advanced Art in the Twentieth Century
David Galenson
14004: Religion, Longevity, and Cooperation: The Case of the Craft Guild
Gary Richardson and Michael McBride
14003: An Empirical Test of Taste-based Discrimination Changes in Ethnic Preferences and their Effect on Admissions to the NYSE during World War I
Petra Moser
14002: Identification of Treatment Effects Using Control Functions in Models with Continuous, Endogenous Treatment and Heterogeneous Effects
Jean-Pierre Florens , James J. Heckman , Costas Meghir and Edward Vytlacil
14001: Monetary Non-Neutrality in a Multi-Sector Menu Cost Model
Emi Nakamura and Jon Steinsson
14000: When Should Firms Invest in Old Capital?
Boyan Jovanovic
13999: Institutions and Behavior: Experimental Evidence on the Effects of Democracy
Pedro Dal Bó , Andrew Foster and Louis Putterman
13998: Specific Capital and Technological Variety
Boyan Jovanovic and Peter Rousseau
13997: Obesity and Skill Attainment in Early Childhood
John Cawley and C. Katharina Spiess
13996: Minimum Wages and Firm Profitability
Mirko Draca , Stephen Machin and John Michael van Reenen
13995: The Unequal Geographic Burden of Federal Taxation
David Yves Albouy
13994: The Non-Cognitive Returns to Class Size
Thomas Dee and Martin West
13993: Parental Education and Parental Time With Children
Jonathan Guryan , Erik Hurst and Melissa Schettini Kearney
13992: Superpower Interventions and their Consequences for Democracy: An Empirical Inquiry
William Easterly , Shanker Satyanath and Daniel Berger
13991: Indexed Regulation
Richard G. Newell and William A. Pizer
13990: Was It Prices, Productivity or Policy? The Timing and Pace of Latin American Industrialization after 1870
Aurora Gómez Galvarriato and Jeffrey Gale Williamson
13989: Corporate Social Responsibility Through an Economic Lens
Forest L. Reinhardt , Robert Norman Stavins and Richard H. K. Vietor
13988: Non-Economic Engagement and International Exchange: The Case of Environmental Treaties
Andrew Kenan Rose and Mark M Spiegel
13987: Healthy, Wealthy, and Wise: Socioeconomic Status, Poor Health in Childhood, and Human Capital Development
Janet Currie
13986: The Inflation-Unemployment Trade-Off at Low Inflation
Pierpaolo Benigno and Luca Antonio Ricci
13985: Time Spent in Home Production in the 20th Century: New Estimates from Old Data
Valerie Ann Ramey
13984: When Is Quality of Financial System a Source of Comparative Advantage?
Jiandong Ju and Shang-Jin Wei
13983: Technology Capital and the U.S. Current Account
Ellen R. McGrattan and Edward C. Prescott
13982: Controversies about the Rise of American Inequality: A Survey
Robert J. Gordon and Ian Louis Dew-Becker
13981: Inverse Probability Tilting for Moment Condition Models with Missing Data
Bryan S. Graham , Cristine Campos de Xavier Pinto and Daniel Egel
13980: Analysis of U.S. Greenhouse Gas Tax Proposals
Gilbert Metcalf , Sergey Paltsev , John Matthew Reilly , Henry Jacoby and Jennifer F. Holak
13979: Reforming Social Security with Progressive Personal Accounts
John Geanakoplos and Stephen P. Zeldes
13978: Will Subprime be a Twin Crisis for the United States?
Michael Dooley , David Folkerts-Landau and Peter M. Garber
13977: The American Invasion of Europe: The Long Term Rise in Overseas Travel, 1820-2000
Brandon Dupont , Alka Gandhi and Thomas Weiss
13976: How are Preferences Revealed?
John Beshears , James Jinwoo Choi , David Isaac Laibson and Brigitte C. Madrian
13975: Panel Data Estimates Of The Production Function And Product And Labor Market Imperfections
Sabien Dobbelaere and Jacques MAIRESSE
13974: Creating Maryland's Paper Money Economy, 1720-1739: The Role of Power, Print, and Markets
Farley Grubb
13973: Sell Side School Ties
Lauren Cohen , Andrea Frazzini and Christopher James Malloy
13972: Minority Self-Employment in the United States and the Impact of Affirmative Action Programs
David G. Blanchflower
13971: Hepatitis B Does Not Explain Male-Biased Sex Ratios in China
Emily Oster and Gang Chen
13970: Does Stabilizing Inflation Contribute To Stabilizing Economic Activity?
Frederic Mishkin
13969: Too Young to Leave the Nest: The Effects of School Starting Age
Sandra E. Black , Paul J. Devereux and Kjell G Salvanes
13968: National Cultures and Soccer Violence
Edward Andrew Miguel , Sebastián M. Saiegh and Shanker Satyanath
13967: Moral Hazard vs. Liquidity and Optimal Unemployment Insurance
Raj Chetty
13966: Optimal Life-Cycle Investing with Flexible Labor Supply: A Welfare Analysis of Life-Cycle Funds
Francisco Gomes , Laurence J. Kotlikoff and Luis M. Viceira
13965: Pass-Through in Retail and Wholesale
Emi Nakamura
13964: Conflict and Deterrence under Strategic Risk
Sylvain Chassang and Gerard Padro i Miquel
13963: China's Local Comparative Advantage
James Harrigan and Haiyan Deng
13962: Derivatives Markets for Home Prices
Robert J. Shiller
13961: Institutions and Contract Enforcement
Armin Falk , David Huffman and W. Bentley Macleod
13960: Contracting in the Shadow of the Law
Surajeet Chakravarty and W. Bentley Macleod