NBER Working Papers

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34082: Can Author Manipulation of AI Referees be Welfare Improving?

Joshua Gans

34081: Equilibrium Particulate Exposure

Lorenzo Aldeco, Lint Barrage and Matthew Turner

34080: Carbon Taxes and Green Subsidies in a World Economy

Matthew Kotchen and Giovanni Maggi

34079: The Role of Industrial Policy in the Renewable Energy Sector

Todd D. Gerarden, Mar Reguant and Yi Xu

34078: The Risk, Reward, and Asset Allocation of Nonprofit Endowment Funds

Andrew Lo, Egor V. Matveyev and Stefan Zeume

34077: Understanding Cultural Change

Raquel Fernandez

34076: Opting Out of Centralized Collective Bargaining: Evidence from Italy

Christian Dustmann, Chiara Giannetto, Lorenzo Incoronato, Chiara Lacava, Vincenzo Pezone, Raffaele Saggio and Benjamin Schoefer

34075: Unpacking Aggregate Welfare in a Spatial Economy

Eric Donald, Masao Fukui and Yuhei Miyauchi

34074: Mobilizing Green Support through Digital Technology

Jiayin Hu, Shang-Jin Wei, Jianwei Xing and Eric Zou

34072: What Does Consulting Do?

Gert Bijnens, Simon Jäger and Benjamin Schoefer

34071: Rising Young Worker Despair in the United States

David Blanchflower and Alex Bryson

34070: Algorithmic Coercion with Faster Pricing

Zach Brown and Alexander MacKay

34068: The Time Cost of a Disability

Daniel Hamermesh and Michal Myck

34067: Multinational Firms and Cross-Border Mergers: Theory and Evidence

Kenneth Ahern

34066: Digital Economy, Stablecoins, and the Global Financial System

Marina Azzimonti and Vincenzo Quadrini

34065: Flexible Data Centers and the Grid: Lower Costs, Higher Emissions?

Christopher Knittel, Juan Ramon L. Senga and Shen Wang

34064: The Impact of a Child with Down Syndrome

Liran Einav, Amy Finkelstein and Petra Persson

34063: "Muddling Through or Tunnelling Through?” UK Monetary and Fiscal Exceptionalism and the Great Inflation

Michael Bordo, Oliver Bush and Ryland Thomas

34062: Greener on the Other Side: Inequity and Tax Compliance

Michael Best, Luigi Caloi, Francois Gerard, Evan Plous Kresch, Joana Naritomi and Laura Zoratto

34061: Capital Budgeting For EPS Maximizers

Itzhak Ben-David and Alex Chinco

34060: Looking Backward: Long-Term Religious Service Attendance in 66 Countries

Robert Barro, Edgard Dewitte and Laurence Iannaccone

34059: Tax Reform and the Laffer Curve

Ana Gamarra Rondinel, James Hines and José F. Sanz-Sanz

34058: The Racial Penalty in Job Ladder Transitions

Itzik Fadlon, Briana Sullivan and Vedant Vohra

34057: Frontline Leadership: Evidence from American Civil War Captains

Andreas Ferrara, Christian Dippel and Stephan Heblich

34056: A Trade-off Between Monetary Policy Transmission and Systemic Risk in China

Kaiji Chen, Yiqing Xiao and Tao Zha

34055: Targeting Distributional Impacts in the Presence of Behavioral Responses: Lessons from Maritime Emissions Regulation

Jamie Hansen-Lewis and Michelle M. Marcus

34054: AI-Powered Trading, Algorithmic Collusion, and Price Efficiency

Winston Dou, Itay Goldstein and Yan Ji

34053: Credit Access in the United States

Trevor J. Bakker, Stefanie DeLuca, Eric A. English, James S. Fogel, Nathaniel Hendren and Daniel Herbst

34052: Tariff Reciprocity

James Anderson and Yoto Yotov

34051: The Illusion of Time: Gender Gaps in Job Search and Employment

Oriana Bandiera, Amen Jalal and Nina Roussille

34050: Beyond Bonferroni: Hierarchical Multiple Testing in Empirical Research

Sebastian Calonico and Sebastian Galiani

34049: Economic Crisis and Disillusionment from Socialism: Evidence From a Quasi-Natural Experiment

Ran Abramitzky, Netanel Ben Porath, Victor Lavy and Michal Palgi

34048: ESG Aversion: Experimental Evidence on Perceptions and Preferences

Ye Zhang and Eric Zou

34047: Hot Weather, Undernutrition, and Adaptation in Rural India

Paul Stainier, Manisha Shah and Alan Barreca

34046: The Benefits of Scholastic Athletics

James J. Heckman, Colleen P. Loughlin and Haihan Tian

34045: Misconduct Synergies

Heather Tookes and Emmanuel Yimfor

34044: The Aggregate Welfare and Trade Implications of Contracting Frictions in Global Sourcing

Davin Chor and Lin Ma

34043: How Do Tax Incentives Influence Employer Decisions to Offer Retirement Benefits?

Adam Bloomfield, Lucas Goodman, Shanthi Ramnath and Sita Slavov

34042: Helping Schools Survive: Experimental Evidence on the Impact of Financial and Educational Support to Private Schools

Tahir Andrabi, Jishnu Das, Asim Khwaja and Selcuk Ozyurt

34041: Green Business Cycles

Diego Känzig, Maximilian Konradt, Lixing Wang and Donghai Zhang

34040: The Impact of Unconditional Cash Transfers on Parenting and Children

Patrick K. Krause, Elizabeth Rhodes, Sarah Miller, Alexander Bartik, David E. Broockman and Eva Vivalt

34039: Are Hospital Acquisitions of Physician Practices Anticompetitive?

Zack Cooper, Stuart V. Craig, Aristotelis Epanomeritakis, Matthew Grennan, Joseph R. Martinez, Fiona Scott Morton and Ashley T. Swanson

34038: Matching-Gift Incentives and Blood Donation: Linking Local and Global Altruism

Gary Charness, Ramon Cobo-Reyes, Nicola Lacetera, Juan A. Lacomba, Francisco Lagos, Mario Macis, Juliette Milgram-Baleix and María José Ruiz-Martos

34037: Government Monitoring of Health Care Quality: Evidence from the Nursing Home Sector

Yiqun Chen and Marcus Dillender

34036: Rounding up the Effect of Tariffs on Financial Markets: Evidence from April 2, 2025

Felipe Benguria and Felipe Saffie

34035: Adaptive Priority Mechanisms

Oğuzhan Çelebi and Joel P. Flynn

34034: The Economics of Bicycles for the Mind

Ajay Agrawal, Joshua Gans and Avi Goldfarb

34033: Did California's Fast Food Minimum Wage Reduce Employment?

Jeffrey Clemens, Olivia Edwards and Jonathan Meer

34032: The Effect of Hospital Breastfeeding Policies on Infant Health

Emily C. Lawler and Meghan Skira

34031: Evaluating Experimental Designs

Erik Snowberg and Leeat Yariv

34030: Does Universal Occupational Licensing Recognition Improve Patient Access? Evidence from Healthcare Utilization

Yun taek Oh and Morris M. Kleiner

34029: The Death and Life of Great British Cities

Stephan Heblich, David Nagy, Alex Trew and Yanos Zylberberg

34028: Digital Media Mergers: Theory and Application to Facebook-Instagram

Justin Katz and Hunt Allcott

34027: Credit Scores and Inequality across the Life Cycle

Satyajit Chatterjee, P. Dean Corbae, Kyle Dempsey and José-Víctor Ríos-Rull

34026: How Do Certificate-of-Need Laws Affect Hospitals? A Review of the Evidence

Charles Courtemanche and Joseph Garuccio

34025: Designing Consent: Choice Architecture and Consumer Welfare in Data Sharing

Chiara Farronato, Andrey Fradkin and Tesary Lin

34024: Strategic Patenting: Evidence from the Biopharmaceutical Industry

Michael D. Frakes and Melissa F. Wasserman

34023: Introducing a High-School Exit Exam in Science: Consequences in Massachusetts

Ann Mantil, John Papay, Preeya P. Mbekeani and Richard Murnane

34022: Jackpot for Good: Can Lottery Matches Increase Charitable Giving?

Amelia Ahles, Joanna Lahey and Marco Palma

34021: Sovereign Default and the Decline in Interest Rates

Max Miller, James D. Paron and Jessica Wachter

34020: Geoeconomic Pressure

Christopher Clayton, Antonio Coppola, Matteo Maggiori and Jesse Schreger

34019: Firm Heterogeneity and Adverse Selection in External Finance: Micro Evidence and Macro Implications

Xing Guo, Pablo Ottonello, Thomas Winberry and Toni Whited

34018: Revisiting the Interest Rate Effects of Federal Debt

Michael Plante, Alexander W. Richter and Sarah Zubairy

34017: Broad Divisia Money, Supply Pressures, and U.S. Inflation Following the COVID-19 Recession

Michael Bordo, John Duca and Barry Jones

34016: Wealth Inequality, Labor Market Arrangements and the Secular Decline in the Real Interest Rate

John B. Donaldson, Hyung Seok E. Kim and Rajnish Mehra

34015: Early and Accurate Recession Detection Using Classifiers on the Anticipation-Precision Frontier

Pascal Michaillat

34014: Optimal Estimation of Two-Way Effects under Limited Mobility

Xu Cheng, Sheng Chao Ho and Frank Schorfheide

34013: Racial Inequality in France

Yajna Govind, Paolo Santini and Ellora Derenoncourt

34012: Do Workforce Development Programs Bridge the Skills Gap

Eleanor W. Dillon, Lisa B. Kahn, Joanna Venator and Michael Dalton

34011: Public Goods Under Financial Distress

Pawel Janas

34010: The Geography of Innovative Firms

Craig A. Chikis, Benny Kleinman and Marta Prato

34009: Unpriced Risks: Rethinking Cross-Sectional Asset Pricing

Mikhail Chernov, Magnus Dahlquist and Lars A. Lochstoer

34008: Debt and Assets

Efraim Benmelech, Nitish Kumar and Raghuram Rajan

34007: Income Elasticity of Demand for Healthy and Unhealthy Foods: Evidence from Lump-Sum Earned Income Tax Credit Payments

Emma LaGuardia, Leslie McGranahan and Diane Schanzenbach

34006: International Power

Ernest Liu and David Yang

34005: From Rural Schools to City Factories: Assessing the Quality of Chinese Rural Schools

Eric Hanushek, Le Kang, Xueying Li and Lei Zhang

34004: Political Foundations of Racial Violence in the Post-Reconstruction South

Patrick Testa and Jhacova A. Williams

34003: Tariffs and Trade Deficits

Lorenzo Caliendo, Samuel Kortum and Fernando Parro

34002: Central Banks as Educators

Carola Binder

34001: When Do Migrants Shape Culture?

Samuel Bazzi and Martin Fiszbein

34000: Productivity Beliefs and Efficiency in Science

Fabio Bertolotti, Kyle Myers and Wei Yang Tham

33999: Finding John Smith: Using Extra Information for Historical Record Linkage

Ran Abramitzky, Leah Boustan, Harriet M. Brookes Gray, Katherine Eriksson, Santiago Perez, Hannah M. Postel, Myera Rashid and Noah Simon

33998: AI and the Fed

Sophia Kazinnik and Erik Brynjolfsson

33997: Transitory and Permanent Import Tariff Shocks in the United States: An Empirical Investigation

Stephanie Schmitt-Grohe and Martín Uribe

33996: Where Discovery Happens: Research Institutions and Fundamental Knowledge in the Life-Sciences

Amitabh Chandra and Connie Xu

33995: The Revenue and Distributional Impacts of Unemployment Insurance Reform: Evidence from California

Mark Duggan, Jonathan Gruber and Audrey Guo

33994: Health Spillovers: The Broad Impact of Spousal Health Shocks

Carolina Arteaga, Natalia Vigezzi and Pilar Garcia-Gomez

33993: Technifying Ventures

Yoshiki Ando, Emin Dinlersoz, Jeremy Greenwood and Ruben Piazzesi

33992: Extending Healthspans in an Aging World

Stephen P. Utkus and Olivia Mitchell

33991: The Real Costs of Washing Away Corruption: Evidence from Brazil’s Lava Jato Investigation

Claudio Ferraz, Luiz C. Moura, Lars Norden and Ricardo Schechtman

33990: Effects of the Minimum Wage on Employment of Young Adults with Cognitive Disabilities

Barry Chiswick, Hope Corman, Dhaval Dave and Nancy Reichman

33989: Why Is Fertility So Low in High Income Countries?

Melissa Kearney and Phillip Levine

33988: Doctor Discretion in Medical Evaluations

Marika Cabral and Marcus Dillender

33987: Due Diligence and the Allocation of Venture Capital

Xiaoyong (Jack) Fu and Lucian A. Taylor

33986: Do Pensions Enhance Teacher Effort and Selective Retention?

Michael Bates and Andrew Johnston

33985: What Do Market-Access Subsidies Do? Experimental Evidence from Tunisia

Nadia Ali, Giacomo De Giorgi, Aminur Rahman and Eric Verhoogen

33984: Out-of-School Learning: Subtitling vs. Dubbing and the Acquisition of Foreign-Language Skills

Frauke Baumeister, Eric Hanushek and Ludger Woessmann

33983: Carbon Rollercoaster: A Historical Analysis of Decarbonization in the United States

Karen Clay, Akshaya Jha, Joshua Lewis and Edson Severnini

33982: Basel Endgame: Bank Capital Requirements and the Future of International Standard Setting

Stephen Cecchetti, Jeremy C. Kress and Kermit Schoenholtz

33981: Lab Experiments in Developing Country Contexts

Sara Lowes and Nathan Nunn