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NBER Working Papers
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10259: Why Are Most Funds Open-End? Competition and the Limits of Arbitrage
Jeremy C. Stein
10258: R&D Investments with Competitive Interactions
Kristian R. Miltersen and Eduardo S. Schwartz
10257: Is There a Retirement-Consumption Puzzle? Evidence Using Subjective Retirement Expectations
Steven J. Haider and Melvin Stephens
10256: Market Culture: How Norms Governing Exploding Offers Affect Market Performance
Muriel Niederle and Alvin E. Roth
10255: The Great Depression and the Friedman-Schwartz Hypothesis
Lawrence J. Christiano , Roberto Motto and Massimo V Rostagno
10254: The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology
Lawrence J. Christiano , Martin Eichenbaum and Robert John Vigfusson
10253: Optimal Simple and Implementable Monetary and Fiscal Rules
Stephanie Schmitt-Grohé and Martín Uribe
10252: A Search for Multiple Equilibria in Urban Industrial Structure
Donald R. Davis and David Weinstein
10251: Air Pollution and Infant Health: What Can We Learn From California's Recent Experience
Janet Currie and Matthew Neidell
10250: Tight Clothing: How the MFA Affects Asian Apparel Exports
Carolyn L. Evans and James Harrigan
10249: National Sovereignty in an Interdependent World
Kyle Bagwell and Robert W. Staiger
10248: Persuasion in Politics
Kevin M. Murphy and Andrei Shleifer
10247: How Well Do Parents With Young Children Combine Work and Family Life
Christopher Ruhm
10246: Financial Development and the Instability of Open Economies
Philippe Aghion , Philippe Bacchetta and Abhijit Banerjee
10245: A Scapegoat Model of Exchange Rate Fluctuations
Philippe Bacchetta and Eric van Wincoop
10244: Fooling Ourselves: Evaluating the Globalization and Growth Debate
Juan Carlos Hallak and James Levinsohn
10243: The Labor Market Effects of the 1960s Riots
William J. Collins and Robert Andrew Margo
10242: How Financial Aid Affects Persistence
Eric P. Bettinger
10241: Bureaucrats or Politicians?
Alberto Alesina and Guido Tabellini
10240: Incentives vs. Control: An Analysis of U.S. Dual-Class Companies
Paul Alan Gompers , Joy Ishii and Andrew Metrick
10239: Is it is or is it Ain't my Obligation? Regional Debt in Monetary Unions
Russell Cooper , Hubert Kempf and Dan Peled
10238: Investment Prices and Exchange Rates: Some Basic Facts
Ariel Tomas Burstein , Joao C. Neves and Sergio T Rebelo
10237: Knowledge Management, Innovation, and Productivity: A Firm Level Exploration Based on French Manufacturing CIS3 Data
Elisabeth Kremp and Jacques MAIRESSE
10236: Financial Development and Growth in the Short and Long Run
Raymond Fisman and Inessa Love
10235: The Geography of Stock Market Participation: The Influence of Communities and Local Firms
Jeffrey Robert Brown , Zoran Ivkovich , Paul A. Smith and Scott Weisbenner
10234: Population and Regulation
Casey Mulligan and Andrei Shleifer
10233: Market Reactions to Export Subsidies
Mihir A. Desai and James R. Hines
10232: On the Desirability of Fiscal Constraints in a Monetary Union
Varadarajan Chari and Patrick Kehoe
10231: Efficiency with Endogenous Population Growth
Michael Golosov , Larry E. Jones and Michele Tertilt
10230: Helping the Poor to Help Themselves: Debt Relief or Aid
Serkan Arslanalp and Peter Blair Henry
10229: Some Simple Analytics of School Quality
Eric A. Hanushek
10228: Employees' Investment Decisions about Company Stock
James Jinwoo Choi , David Isaac Laibson , Brigitte C. Madrian and Andrew Metrick
10227: What Happens When Child Care Inspections and Complaints Are Made Available on the Internet?
Ann Dryden Witte and Magaly Queralt
10226: Interpersonal Effects in Consumption: Evidence from the Automobile Purchases of Neighbors
Mark Grinblatt , Matti Keloharju and Seppo Ikaheimo
10225: World Markets for Raising New Capital
Brian J. Henderson , Narasimhan Jegadeesh and Michael Steven Weisbach
10224: Private Benefits and Cross-Listings in the United States
Evangelos Benos and Michael Steven Weisbach
10223: The New New Financial Thing: The Sources of Innovation Before and After State Street
Josh Lerner
10222: Why Do Some Firms Give Stock Options to All Employees?: An Empirical Examination of Alternative Theories
Paul Oyer and Scott Schaefer
10221: Compensating Employees Below the Executive Ranks: A Comparison of Options, Restricted Stock, and Cash
Paul Oyer and Scott Schaefer
10220: Measuring the Effects of Monetary Policy: A Factor-Augmented Vector Autoregressive (FAVAR) Approach
Ben S. Bernanke , Jean Boivin and Piotr Eliasz
10219: How Large are the Classification Errors in the Social Security Disability Award Process?
Hugo Benitez-Silva , Moshe Buchinsky and John Philip Rust
10218: Aggregate Short Interest and Market Valuations
Owen A. Lamont and Jeremy C. Stein
10217: Is Debt Relief Efficient?
Serkan Arslanalp and Peter Blair Henry
10216: The Absent-Minded Consumer
John Ameriks , Andrew Caplin and John Leahy
10215: The Effect of Job Security Regulations on Labor Market Flexibility: Evidence from the Colombian Labor Market Reform
Adriana Kugler
10214: Family Cap Provisions and Changes in Births and Abortions
Ted Joyce , Robert John Kaestner , Sanders Korenman and Stanley Henshaw
10213: A Portrait of the Artist as a Young or Old Innovator: Measuring the Careers of Modern Novelists
David W. Galenson
10212: Innovation and Diffusion
Bronwyn Hughes Hall
10211: Consumption Commitments, Unemployment Durations, and Local Risk Aversion
Raj Chetty
10210: Robust Aggregate Implications of Stochastic Discount Factor Volatility
Casey Mulligan
10209: Physical and Human Capital Deepening and New Trade Patterns in Japan
Keiko Ito and Kyoji Fukao
10208: Exporting and Performance of Plants: Evidence from Korean Manufacturing
Chin Hee Hahn
10207: Does the WTO Make Trade More Stable?
Andrew Kenan Rose
10206: Does the Length of Maternity Leave Affect Maternal Health?
Pinka Chatterji and Sara Markowitz
10205: Foreign Lobbies and US Trade Policy
Kishore Gawande , Pravin Krishna and Michael J. Robbins
10204: Managed Care, Drug Benefits and Mortality: An Analysis of the Elderly
Gautam Gowrisankaran and Robert J. Town
10203: Psychology and the Market
Edward Ludwig Glaeser
10202: Benchmarking the Returns to Venture
Susan E. Woodward and Robert Ernest Hall
10201: The Dynamics of Work and Debt
Jeffrey R. Campbell and Zvi Hercowitz
10200: Wealth Destruction on a Massive Scale? A Study of Acquiring-Firm Returns in the Recent Merger Wave
Sara B. Moeller , Frederik P. Schlingemann and René M. Stulz
10199: Age Variations in Workers' Value of Statistical Life
Joseph E. Aldy and W Kip Viscusi
10198: Ownership and Control in Outsourcing to China: Estimating the Property-Rights Theory of the Firm
Robert C. Feenstra and Gordon Hanson
10197: Should Exact Index Numbers Have Standard Errors? Theory and Application to Asian Growth
Robert C. Feenstra and Marshall B. Reinsdorf
10196: Optimal Policy with Low-Probability Extreme Events
Lars E. O. Svensson
10195: Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others
Lars E. O. Svensson
10194: Small Noise Asymptotics for a Stochastic Growth Model
Noah Williams
10193: Varieties of Currency Crises
Graciela Laura Kaminsky
10192: Internal and External Labor Markets: A Personnel Economics Approach
Edward Lazear and Paul Oyer
10191: The Rise of the Skilled City
Edward Ludwig Glaeser and Albert Saiz
10190: Why Firms Adopt Antitakeover Arrangements
Lucian Bebchuk
10189: Optimal Integration Strategies for the Multinational Firm
Gene Grossman , Elhanan Helpman and Adam Szeidl
10188: Do Firms in Countries with Poor Protection of Investor Rights Hold More Cash?
Lee Pinkowitz , René M. Stulz and Rohan Williamson
10187: Menu Costs and Phillips Curves
Michael Golosov and Robert E. Lucas
10186: Stressed Out on Four Continents: Time Crunch or Yuppie Kvetch?
Daniel Hamermesh and Jungmin Lee
10185: What You Don't Know Can't Help You: Pension Knowledge and Retirement Decision Making
Sewin Chan and Ann Huff Stevens
10184: Risk Management, Capital Budgeting and Capital Structure Policy for Insurers and Reinsurers
Kenneth A. Froot
10183: The Invention of Inflation-Indexed Bonds in Early America
Robert J. Shiller
10182: The Size and Composition of Wealth Holdings in the United States, Italy, and the Netherlands
Arie Kapteyn and Constantijn Panis
10181: Assessing the Benefits to Developing Countries of Liberalization in Services Trade
John Whalley
10180: Choosing Between Peace and War
Herschel . Grossman
10179: Assessing, Managing, and Financing Extreme Events: Dealing with Terrorism
Howard Kunreuther , Erwann Michel-Kerjan and Beverly Porter
10178: WTO Dispute Settlements in East Asia
Dukgeun Ahn
10177: Motivating Employee-Owners in ESOP Firms: Human Resource Policies and Company Performance
Douglas Kruse , Richard B. Freeman , Joseph Blasi , Robert Buchele and Adria Scharf
10176: How Do Electoral Rules Shape Party Structures, Government Coalitions, and Economic Policies?
Torsten Persson , Gérard Roland and Guido Tabellini
10175: Bargaining in the Shadow of the Law: Divorce Laws and Family Distress
Betsey Stevenson and Justin Wolfers
10174: Wages Equal Productivity: Fact or Fiction?
Johannes Van Biesebroeck
10173: The Impacts of an East Asia FTA on Foreign Trade in East Asia
Shujiro Urata and Kozo Kiyota
10172: The Effects of Financial Crises on International Trade
Zihui Ma and Leonard Cheng
10171: Gold, Fiat Money, and Price Stability
Michael David Bordo , Robert D. Dittmar and William Thomas Gavin
10170: Consequences of Constitutions
Torsten Persson
10169: International R&D Deployment and Locational Advantage: A Case Study of Taiwan
Meng-Chun Liu and Shin-Horng Chen
10168: Competitive Liberalization and a US-SACU FTA
John Whalley and James Clark Leith
10167: The Formation of International Production and Distribution Networks in East Asia
Mitsuyo Ando and Fukunari Kimura
10166: Reinventing Boston: 1640-2003
Edward Ludwig Glaeser
10165: Institutions, Capital Constraints and Entrepreneurial Firm Dynamics: Evidence from Europe
Mihir Desai , Paul Alan Gompers and Josh Lerner
10164: Does Human Capital Transfer from Parent to Child? The Intergenerational Effects of Compulsory Schooling
Philip Oreopoulos , Marianne Elizabeth Page and Ann Huff Stevens
10163: Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap
Willem Hendrik Buiter
10162: Remedies for Price Overcharges: The Deadweight Loss of Coupons and Discounts
A. Mitchell Polinsky and Daniel L. Rubinfeld
10161: Choosing the Federal Reserve Chair: Lessons from History
Christina Duckworth Romer and David Romer
10160: The Trade and Investment Effects of Preferential Trading Arrangements
Philippa S. Dee and Jyothi Gali