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NBER Working Papers
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12344: On the General Relativity of Fiscal Language
Jerry Green and Laurence J. Kotlikoff
12343: Competing With the NYSE
William O. Brown , J. Harold Mulherin and Marc Weidenmier
12342: Capital Gains Taxes and Asset Prices: Capitalization or Lock-In?
Zhonglan Dai , Edward Maydew , Douglas A. Shackelford and Harold H. Zhang
12341: Consumption Over the Life Cycle: The Role of Annuities
Gary D. Hansen and Selahattin Imrohoroglu
12340: The Lending Channel in Emerging Economics: Are Foreign Banks Different?
Marco Arena , Carmen M. Reinhart and Francisco Vazquez
12339: Optimal Control of Externalities in the Presence of Income Taxation
Louis Kaplow
12338: Does Price Matter in Charitable Giving? Evidence From a Large-Scale Natural Field Experiment
Dean S. Karlan and John List
12337: A General Stochastic Volatility Model for the Pricing and Forecasting of Interest Rate Derivatives
Anders B. Trolle and Eduardo S. Schwartz
12336: Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model
Ruediger Bachmann , Ricardo J. Caballero and Eduardo M.R.A. Engel
12335: Hospital Competition, Managed Care and Mortality After Hospitalization for Medical Conditions: Evidence From Three States
José J. Escarce , Arvind K. Jain and Jeannette Rogowski
12334: Competitive Wages in a Match with Ordered Contracts
Muriel Niederle
12333: Optimal Currency Shares in International Reserves: The Impact of the Euro and the Prospects for the Dollar
Elias Papaioannou , Richard Portes and Gregorios Siourounis
12332: Separation of Powers and the Budget Process
Gene Grossman and Elhanan Helpman
12331: Do Rising Tides Lift All Prices? Income Inequality and Housing Affordability
Janna L. Matlack and Jacob Vigdor
12330: Do Borrowing Constraints Matter? An Analysis of Why the Permanent Income Hypothesis Does Not Apply in Japan
Miki Kohara and Charles Yuji Horioka
12329: The Effect of Female Education on Fertility and Infant Health: Evidence from School Entry Policies Using Exact Date of Birth
Justin McCrary and Heather North Royer
12328: Artificial States
Alberto Alesina , William Easterly and Janina Matuszeski
12327: A Comparative Analysis of the Labor Market Impact of International Migration: Canada, Mexico, and the United States
Abdurrahman Aydemir and George Borjas
12326: Trade and Growth with Heterogenous Firms
Richard Baldwin and Frédéric Robert-Nicoud
12325: International Migration, Remittances, and Household Investment: Evidence from Philippine Migrants' Exchange Rate Shocks
Dean Yang
12324: Why Has U.S. Inflation Become Harder to Forecast?
James H. Stock and Mark W. Watson
12323: Federal Policy and the Rise in Disability Enrollment: Evidence for the VA's Disability Compensation Program
Mark Duggan , Robert Rosenheck and Perry Douglas Singleton
12322: Globalization and Endogenous Firm Scope
Volker Nocke and Stephen Ross Yeaple
12321: New Evidence on Gender Difference in Promotion Rates: An Empirical Analysis of a Sample of New Hires
Francine Blau and Jed DeVaro
12320: Empirical Studies of Innovation in the Knowledge Driven Economy
Bronwyn Hughes Hall and Jacques MAIRESSE
12319: Inflation as a Redistribution Shock: Effects on Aggregates and Welfare
Matthias Doepke and Martin Schneider
12318: Contributions of Zvi Griliches
James J. Heckman
12317: Media Markets and Localism: Does Local News en Español Boost Hispanic Voter Turnout?
Felix Oberholzer-Gee and Joel Waldfogel
12316: Globalization, De-Industrialization and Mexican Exceptionalism 1750-1879
Rafael Dobado González , Aurora Gómez Galvarriato and Jeffrey Gale Williamson
12315: People Flows in Globalization
Richard B. Freeman
12314: An Exploration of Technology Diffusion
Diego Comin and Bart Hobiijn
12313: Socially Optimal Districting: An Empirical Investigation
Stephen Coate and Brian G. Knight
12312: Cultures of Corruption: Evidence From Diplomatic Parking Tickets
Raymond Fisman and Edward Andrew Miguel
12311: The Boskin Commission Report: A Retrospective One Decade Later
Robert J. Gordon
12310: Worker Needs and Voice in the US and the UK
Alex Bryson and Richard B. Freeman
12309: Collateralized Borrowing and Life-Cycle Portfolio Choice
Paul Willen and Felix Kubler
12308: Financial Innovations and Macroeconomic Volatility
Urban Joseph Jermann and Vincenzo Quadrini
12307: The Choice Between Income and Consumption Taxes: A Primer
Alan Auerbach
12306: Searching for the EU Social Dialogue Model
Richard B. Freeman
12305: Do Peers Affect Student Achievement in China's Secondary Schools?
Weili Ding and Steven Lehrer
12304: The Impact of Poor Health on Education: New Evidence Using Genetic Markers
Weili Ding , Steven Lehrer , J. Niels Rosenquist and Janet Audrain-McGovern
12303: Early Retirement, Social Security and Well-Being in Germany
Axel Börsch-Supan and Hendrik Jürges
12302: Australian Government Balance Sheet Management
Wilson Au-Yeung , Jason McDonald and Amanda Sayegh
12301: What Do We Know About Competition and Quality in Health Care Markets?
Martin Gaynor
12300: Even For Teenagers, Money Does Not Grow on Trees: Teenage Substance Use and Budget Constraints
Sara Markowitz and John A. Tauras
12299: Currency Mismatches, Default Risk, and Exchange Rate Depreciation: Evidence from the End of Bimetallism
Michael David Bordo , Christopher M. Meissner and Marc Weidenmier
12298: Economic, Neurobiological and Behavioral Perspectives on Building America's Future Workforce
Eric I. Knudsen , James J. Heckman , Judy L. Cameron and Jack P. Shonkoff
12297: The Industry Life Cycle and Acquisitions and Investment: Does Firm Organization Matter?
Vojislav Maksimovic and Gordon M. Phillips
12296: Baumol-Tobin and the Welfare Costs of National Security Border Delays
Hui Huang and John Whalley
12295: The Variability of IPO Initial Returns
Michelle Lowry , Micah S. Officer and G. William Schwert
12294: Rational Discounting for Regulatory Analysis
W Kip Viscusi
12293: Multi-Product Firms and Product Switching
Andrew B. Bernard , Stephen James Redding and Peter K. Schott
12292: Dividends and Taxes
Roger H. Gordon and Martin D. Dietz
12291: Beyond BMI: The Value of More Accurate Measures of Fatness and Obesity in Social Science Research
John Cawley and Richard V. Burkhauser
12290: Equity Premia with Benchmark Levels of Consumption: Closed-Form Results
Andrew Abel
12289: Sources of Advantageous Selection: Evidence from the Medigap Insurance Market
Hanming Fang , Michael P Keane and Dan Silverman
12288: The Effect of Dividends on Consumption
Malcolm Baker , Stefan Nagel and Jeffrey Wurgler
12287: Home Production and the Macro Economy-Some Lessons from Pollak and Wachter and from Transition Russia
Reuben Gronau
12286: Tinkering Toward Accolades: School Gaming Under a Performance Accountability System
Julie Berry Cullen and Randall Reback
12285: Would Higher Salaries Keep Teachers in High-Poverty Schools? Evidence from a Policy Intervention in North Carolina
Charles T. Clotfelter , Elizabeth Glennie , Helen F. Ladd and Jacob Vigdor
12284: Optimal Income Transfers
Louis Kaplow
12283: Ineffective Controls on Capital Inflows Under Sophisticated Financial Markets: Brazil in the Nineties
Bernardo S. de M. Carvalho and Marcio G. P. Garcia
12282: Educational Debt Burden and Career Choice: Evidence from a Financial Aid Experiment at NYU Law School
Erica Field
12281: Supermodularity and Tipping
Geoffrey Heal and Howard Kunreuther
12280: Innovativity: A Comparison Across Seven European Countries
Pierre Mohnen , Jacques MAIRESSE and Marcel Dagenais
12279: Balancing the Goals of Health Care Provision
Martin S. Feldstein
12278: Willpower and the Optimal Control of Visceral Urges
Emre Ozdenoren , Stephen Walter Salant and Dan Silverman
12277: Stability First: Reflections Inspired by Otmar Issing's Success as the ECB's Chief Economist
Vitor Gaspar and Anil K Kashyap
12276: Capital Structure with Risky Foreign Investment
Mihir A. Desai , C. Fritz Foley and James R. Hines
12275: When Does Domestic Saving Matter for Economic Growth?
Philippe Aghion , Diego Comin and Peter Howitt
12274: Does Corruption Produce Unsafe Drivers?
Marianne Bertrand , Simeon Djankov , Rema Hanna and Sendhil Mullainathan
12273: Love or Money? Health Insurance and Retirement Among Married Couples
Kanika Kapur and Jeannette Rogowski
12272: Energy Conservation in the United States: Understanding its Role in Climate Policy
Gilbert Metcalf
12271: Measuring International Trade in Services
Robert E. Lipsey
12270: Resolving Macroeconomic Uncertainty in Stock and Bond Markets
Alessandro Beber and Michael W. Brandt
12269: Disease and Development: The Effect of Life Expectancy on Economic Growth
Daron Acemoglu and Simon Johnson
12268: Monetary Policy When Potential Output is Uncertain: Understanding the Growth Gamble of the 1990s
Yuriy Gorodnichenko and Matthew D. Shapiro
12267: Socioeconomic Status and Health in Childhood: A Comment on Chen, Martin and Matthews (2006)
Anne Case , Christina Paxson and Tom Vogl
12266: $2.00 Gas! Studying the Effects of a Gas Tax Moratorium
Joseph J. Doyle and Krislert Samphantharak
12265: Population Aging, Fiscal Policies, and National Saving: Predictions for Korean Economy
Young Jun Chun
12264: A Century of Work and Leisure
Valerie Ann Ramey and Neville Francis
12263: Information Spillovers in the Market for Recorded Music
Ken Hendricks and Alan Sorensen
12262: New Evidence on Real Wage Cyclicality within Employer-Employee Matches
Donggyun Shin and Gary Solon
12261: Why Does the Law of One Price Fail? An Experiment on Index Mutual Funds
James Jinwoo Choi , David Isaac Laibson and Brigitte C. Madrian
12260: Individual Versus Aggregate Collateral Constraints and the Overborrowing Syndrome
Martín Uribe
12259: Capital Levies and Transition to a Consumption Tax
Louis Kaplow
12258: Protection for Sale or Surge Protection?
Susumu Imai , Hajime Katayama and Kala Krishna
12257: Education and Labor-Market Discrimination
Kevin Lang and Michael Manove
12256: Noise Traders
James Dow and Gary Gorton
12255: Private Investment and Government Protection
Carolyn Kousky , Erzo F.P. Luttmer and Richard J. Zeckhauser
12254: Input and Technology Choices in Regulated Industries: Evidence From the Health Care Sector
Daron Acemoglu and Amy Finkelstein
12253: There Goes the Neighborhood? Estimates of the Impact of Crime Risk on Property Values From Megan's Laws
Leigh L. Linden and Jonah E. Rockoff
12252: Judicial Risk and Credit Market Performance: Micro Evidence from Brazilian Payroll Loans
Ana Carla A. Costa and Joao Manoel Pinho De Mello
12251: The Impact of Group Diversity on Performance and Knowledge Spillover -- An Experiment in a College Classroom
Zeynep Hansen , Hideo Owan and Jie Pan
12250: Democracy and Protectionism
O'Rourke, Kevin H. and Alan M. Taylor
12249: China's FDI and Non-FDI Economies and the Sustainability of Future High Chinese Growth
John Whalley and Xian Xin
12248: Risk, Uncertainty and Asset Prices
Geert Bekaert , Eric Engstrom and Yuhang Xing
12247: Stock and Bond Returns with Moody Investors
Geert Bekaert , Eric Engstrom and Steven R. Grenadier
12246: Division of Labor and the Rise of Cities: Evidence from U.S. Industrialization, 1850-1880
Sukkoo Kim
12245: Are Elite Universities Losing Their Competitive Edge?
E. Han Kim , Adair Morse and Luigi Zingales