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NBER Working Papers

From National Bureau of Economic Research, Inc
National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A..
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12579: Testing the Theory of Trade Policy: Evidence from the Abrupt End of the Multifibre Arrangement Downloads
James Harrigan and Geoffrey Barrows
12578: Optimal Liability for Terrorism Downloads
Darius Lakdawalla and Eric Talley
12577: Intellectual Property and Marketing Downloads
Darius Lakdawalla, Tomas Philipson and Y. Richard Wang
12576: Commercial Policy in a Predatory World Downloads
James Anderson
12575: How to Advance Theory with Structural VARs: Use the Sims-Cogley-Nason Approach Downloads
Patrick Kehoe
12574: Understanding Instrumental Variables in Models with Essential Heterogeneity Downloads
James Heckman, Sergio Urzua and Edward Vytlacil
12573: The Control of Politicians in Divided Societies: The Politics of Fear Downloads
Gerard Padro i Miquel
12572: American Indian Mortality in the Late Nineteenth Century: The Impact of Federal Assimilation Policies on a Vulnerable Population Downloads
J. David Hacker and Michael Haines
12571: The Puzzle of the Antebellum Fertility Decline in the United States: New Evidence and Reconsideration Downloads
Michael Haines and J. David Hacker
12570: Behavioral Theories of the Business Cycle Downloads
Nir Jaimovich and Sergio Rebelo
12569: Inheritance and Saving Downloads
David Joulfaian
12568: Federal Tax Policy Towards Energy Downloads
Gilbert Metcalf
12567: Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model Downloads
Claustre Bajona and Timothy Kehoe
12566: Demographics in Dynamic Heckscher-Ohlin Models: Overlapping Generations Versus Infinitely Lived Consumers Downloads
Claustre Bajona and Timothy Kehoe
12565: Understanding South Africa's Economic Puzzles Downloads
Dani Rodrik
12564: Endogenous Sudden Stops in a Business Cycle Model with Collateral Constraints:A Fisherian Deflation of Tobin's Q Downloads
Enrique Mendoza
12563: Entry and Patenting in the Software Industry Downloads
Iain Cockburn and Megan MacGarvie
12562: Valuing New Goods in a Model with Complementarities: Online Newspapers Downloads
Matthew Gentzkow
12561: Do Television and Radio Destroy Social Capital? Evidence from Indonesian Villages Downloads
Benjamin Olken
12560: International Capital Flows and U.S. Interest Rates Downloads
Francis E. Warnock and Veronica Warnock
12559: Labor Market Shocks and Retirement: Do Government Programs Matter? Downloads
Courtney Coile and Phillip Levine
12558: The Evolution of Income Concentration in Japan, 1886-2002: Evidence from Income Tax Statistics Downloads
Chiaki Moriguchi and Emmanuel Saez
12557: Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement Downloads
Laura Veldkamp and Justin Wolfers
12556: Does How Much and How You Pay Matter? Evidence from the Inpatient Rehabilitation Facility Prospective Payment System Downloads
Neeraj Sood, Melinda Buntin and Jose J. Escarce
12555: Financially Constrained Stock Returns Downloads
Dmitry Livdan, Horacio Sapriza and Lu Zhang
12554: Differential Mortality, Uncertain Medical Expenses, and the Saving of Elderly Singles Downloads
Mariacristina De Nardi, Eric French and John Jones
12553: Inequality and Schooling Responses to Globalization Forces: Lessons from History Downloads
Jeffrey Williamson
12552: Local Currency Bond Markets Downloads
John Burger and Francis E. Warnock
12551: Are Currency Appreciations Contractionary in China? Downloads
Jianhuai Shi
12550: Wealth Inequality: Data and Models Downloads
Marco Cagetti and Mariacristina De Nardi
12549: Poverty Traps, Distance, and Diversity: The Migration Connection Downloads
Jeffrey Williamson
12548: Foreign Participation in Local Currency Bond Markets Downloads
John Burger and Francis E. Warnock
12547: Pass Through of Exchange Rates to Consumption Prices: What has Changed and Why? Downloads
Jose Campa and Linda Goldberg
12546: Colonialism and Modern Income -- Islands as Natural Experiments Downloads
James Feyrer and Bruce Sacerdote
12545: Multilateralising Regionalism: Spaghetti Bowls as Building Blocs on the Path to Global Free Trade Downloads
Richard Baldwin
12544: Growth, Reform Indicators and Policy Complementaries Downloads
Jorge Braga de Macedo and Joaquim Oliveira Martins
12543: International Trade and Finance under the Two Hegemons: Complementaries in the United Kingdom 1870-1913 and the United States 1920-30 Downloads
Alan Taylor and Janine L. F. Wilson
12542: Measuring the Macroeconomic Risks Posed by Asset Price Booms Downloads
Stephen Cecchetti
12541: Is A Great Labor Shortage Coming? Replacement Demand in the Global Economy Downloads
Richard Freeman
12540: Indeterminacy in a Forward Looking Regime Switching Model Downloads
Roger Farmer, Daniel Waggoner and Tao Zha
12539: Importation and Innovation Downloads
Frank Lichtenberg
12538: Why Has House Price Dispersion Gone Up? Downloads
Stijn Van Nieuwerburgh and Pierre-Olivier Weill
12537: Can News About the Future Drive the Business Cycle? Downloads
Nir Jaimovich and Sergio Rebelo
12536: Medicaid Crowd-Out of Private Long-Term Care Insurance Demand: Evidence from the Health and Retirement Survey Downloads
Jeffrey Brown, Norma Coe and Amy Finkelstein
12535: A Comment on The Role of Prices for Excludable Public Goods Downloads
Gilbert Metcalf and Jongsang Park
12534: Why Do U.S. Firms Hold So Much More Cash Than They Used To? Downloads
Thomas W. Bates, Kathleen M. Kahle and René Stulz
12533: Does It Pay, at the Margin, to Work and Save? -- Measuring Effective Marginal Taxes on Americans' Labor Supply and Saving Downloads
Laurence Kotlikoff and David Rapson
12532: Do State Expenditures on Tobacco Control Programs Decrease Use of Tobacco Products Among College Students? Downloads
Christina Czart Ciecierski, Pinka Chatterji, Frank Chaloupka and Henry Wechsler
12531: Explaining Import Variety and Quality: The Role of the Income Distribution Downloads
Yo Chul Choi, David Hummels and Chong Xiang
12530: Evidence of a Shift in the Short-Run Price Elasticity of Gasoline Demand Downloads
Jonathan Hughes, Christopher Knittel and Daniel Sperling
12529: High School Alcohol Use and Young Adult Labor Market Outcomes Downloads
Pinka Chatterji and Jeffrey DeSimone
12528: Do Female Physicians Capture Their Scarcity Value? The Case of OB/GYNs Downloads
Jessica Wolpaw Reyes
12527: The Effectiveness of Cigarette Regulations in Reducing Cases of Sudden Infant Death Syndrome Downloads
Sara Markowitz
12526: What Has Mattered to Economics Since 1970 Downloads
E. Han Kim, Adair Morse and Luigi Zingales
12525: The Corporate Governance Role of the Media: Evidence from Russia Downloads
Isaac Dyck, Natalya Volchkova and Luigi Zingales
12524: Customer Risk from Real-Time Retail Electricity Pricing: Bill Volatility and Hedgability Downloads
Severin Borenstein
12523: Climbing Atop the Shoulders of Giants: The Impact of Institutions on Cumulative Research Downloads
Jeffrey L. Furman and Scott Stern
12522: How Does Foreign Direct Investment Promote Economic Growth? Exploring the Effects of Financial Markets on Linkages Downloads
Laura Alfaro, Areendam Chanda, Sebnem Kalemli-Ozcan and Selin Sayek
12521: Endogenous Skill Bias in Technology Adoption: City-Level Evidence from the IT Revolution Downloads
Paul Beaudry, Mark Doms and Ethan Lewis
12520: Creative Destruction in Industries Downloads
Boyan Jovanovic and Chung-Yi Tse
12519: Evaluating the Effectiveness of Child Safety Seats and Seat Belts in Protecting Children from Injury Downloads
Steven Levitt and Joseph J. Doyle
12518: Immigration and African-American Employment Opportunities: The Response of Wages, Employment, and Incarceration to Labor Supply Shocks Downloads
George Borjas, Jeffrey Grogger and Gordon Hanson
12517: Land and Power: Theory and Evidence from Chile Downloads
Jean-Marie Baland and James Robinson
12516: Gravity for Dummies and Dummies for Gravity Equations Downloads
Richard Baldwin and Daria Taglioni
12515: Monetary Policy Strategy: How Did We Get Here? Downloads
Frederic Mishkin
12514: Temporary Investment Tax Incentives: Theory with Evidence from Bonus Depreciation Downloads
Christopher House and Matthew Shapiro
12513: Linear Approximations and Tests of Conditional Pricing Models Downloads
Michael W. Brandt and David Chapman
12512: From Groundnuts to Globalization: A Structural Estimate of Trade and Growth Downloads
Christian Broda, Joshua Greenfield and David Weinstein
12511: The Health Effects of Medicare for the Near-Elderly Uninsured Downloads
Daniel Polsky, Jalpa A. Doshi, Jose Escarce, Willard Manning, Susan M. Paddock, Liyi Cen and Jeannette Rogowski
12510: Contingent Valuation Analysis of Willingness to Pay To Reduce Childhood Obesity Downloads
John Cawley
12509: Public & Private Spillovers, Location and the Productivity of Pharmaceutical Research Downloads
Jeffrey L. Furman, Margaret Kyle, Iain Cockburn and Rebecca Henderson
12508: Peers at Work Downloads
Alexandre Mas and Enrico Moretti
12507: An Experimental Test of Criminal Behavior Among Juveniles and Young Adults Downloads
Michael S. Visser, William Harbaugh and Naci Mocan
12506: Willingness to Pay for Drug Rehabilitation: Implications for Cost Recovery Downloads
David Bishai and Jody Sindelar
12505: A New Framework for the Analysis of Inequality Downloads
Flavio Cunha and James Heckman
12504: The Effect of State Community Rating Regulations on Premiums and Coverage in the Individual Health Insurance Market Downloads
Bradley Herring and Mark V. Pauly
12503: Rules Rather Than Discretion: Lessons from Hurricane Katrina Downloads
Howard Kunreuther and Mark Pauly
12502: The Tradeoff Between Mortgage Prepayments and Tax-Deferred Retirement Savings Downloads
Gene Amromin, Jennifer Huang and Clemens Sialm
12501: The Cost of Banking Regulation Downloads
Luigi Guiso, Paola Sapienza and Luigi Zingales
12500: Look at Me Now: What Attracts U.S. Shareholders? Downloads
John Ammer, Sara B. Holland, David C. Smith and Francis E. Warnock
12499: A Conceptual World: Why the Art of the Twentieth Century is So Different From the Art of All Earlier Centuries Downloads
David Galenson
12498: Unemployment Fluctuations With Staggered Nash Wage Bargaining Downloads
Mark Gertler and Antonella Trigari
12497: Rethinking the Effects of Immigration on Wages Downloads
Gianmarco Ottaviano and Giovanni Peri
12496: The Forward Market in Emerging Currencies: Less Biased Than in Major Currencies Downloads
Jeffrey Frankel and Jumana Poonawala
12495: The International Role of the Dollar and Trade Balance Adjustment Downloads
Linda Goldberg and Cédric Tille
12494: Exploring Gender Differences in Employment and Wage Trends Among Less-Skilled Workers Downloads
Rebecca Blank and Heidi Shierholz
12493: Transfer Pricing by U.S.-Based Multinational Firms Downloads
Andrew Bernard, J. Jensen and Peter Schott
12492: Changes in the Federal Reserve's Inflation Target: Causes and Consequences Downloads
Peter Ireland
12491: Swiss Exchange Rate Policy in the 1930s. Was the Delay in Devaluation Too High a Price to Pay for Conservatism? Downloads
Michael Bordo, Thomas Helbling and Harold James
12490: How Corruption Hits People When They Are Down Downloads
Jennifer Hunt
12489: The Returns to Currency Speculation Downloads
Craig Burnside, Martin Eichenbaum, Isaac Kleshchelski and Sergio Rebelo
12488: Quantifying Equilibrium Network Externalities in the ACH Banking Industry Downloads
Daniel Ackerberg and Gautam Gowrisankaran
12487: The Equity Premium Implied by Production Downloads
Urban Jermann
12486: Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development Downloads
Laarni Bulan, Christopher Mayer and Craig Somerville
12485: The Consequences of Teenage Childbearing Downloads
Adam Ashcraft and Kevin Lang
12484: Financial Globalization: A Reappraisal Downloads
Ayhan Kose, Eswar Prasad, Kenneth Rogoff and Shang-Jin Wei
12483: Productivity, External Balance and Exchange Rates: Evidence on the Transmission Mechanism Among G7 Countries Downloads
Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
12482: Globalization and Risk Sharing Downloads
Jaume Ventura and Fernando Broner
12481: Conventional and Unconventional Approaches to Exchange Rate Modeling and Assessment Downloads
Menzie Chinn and Ron Alquist
12480: Welfare Reform, Work Requirements, and Employment Barriers Downloads
Ellen Meara and Richard Frank
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