NBER Working Papers

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34654: Fiscal Inaction as Monetary Support

George-Marios Angeletos, Chen Lian and Christian Wolf

34653: Digital Incentives in Surveys: Response Rates and Sociodemographic Effects in a Large-Scale Parental Nudge Intervention

Kalena Cortes, Brian Holzman, Melissa Gentry and Miranda I. Lambert

34652: Self- and Social Signaling: Evidence from Solar Adoption in California

Bryan K. Bollinger, Kenneth Gillingham and Justin Kirkpatrick

34650: What Are the Benefits of Metro Rail in Mumbai, India?

Palak Suri and Maureen Cropper

34649: Green Waste

Ingvil Gaarder, Morten Grindaker, Tom G. Meling and Magne Mogstad

34648: Bayesian Inference in IV Regressions

Domenico Giannone, Michele Lenza and Giorgio Primiceri

34647: The Morality of Market Exchanges: Between Societal Values and Tradeoffs

Julio Elias, Nicola Lacetera and Mario Macis

34646: Entry and Exit in Treasury Auctions

Jason Allen, Ali Hortaçsu, Eric Richert and Milena Wittwer

34645: Market Power and Capital Constraints

Milena Wittwer and Jason Allen

34644: Renewable Energy Expansion: Key Challenges and Emerging Opportunities

Koichiro Ito

34643: Ruling for the Rich: the Supreme Court over Time

Andrea Prat, Fiona Scott Morton and Jacob Spitz

34642: From Treatment to Safety: The Role of Substance Use Treatment in Preventing Intimate Partner Violence

Mevlude Akbulut-Yuksel, Dhaval Dave, Bilge Erten, Pinar Keskin and Catarina R. Meneses

34641: Valuing Sticky Deposits

Matthias Fleckenstein, Shohini Kundu and Francis Longstaff

34640: Tariff War Shock and the Convenience Yield of US Treasuries — A Hedging Perspective

Viral Acharya and Toomas Laarits

34639: O-Ring Automation

Joshua Gans and Avi Goldfarb

34638: Biases in Belief Updating Within and Across Domains

Francesca Bastianello and Alex Imas

34637: Making Entrepreneurs: Long Term Returns to Training Youth in Business Skills

Laura Chioda, Paul Gertler, David Contreras-Loya and Dana R. Carney

34636: GIFfluence: A Visual Approach to Investor Sentiment and the Stock Market

Ming Gu, David Hirshleifer, Siew Hong Teoh and Shijia Wu

34635: Family Spillovers of Dementia

Onur Altindag, Jane Greve and Yulya Truskinovsky

34634: The Incredible Shrinking Instruments: Using Empirical Bayes to Increase Efficiency in IV Designs with Many Instruments

Brigham R. Frandsen, Lars Lefgren, Emily C. Leslie and Samuel P. McIntyre

34633: Unwilling to Reskill? Experimental Evidence from Real-World Jobseekers

Alexia Delfino, Andrea Garnero, Sergio Inferrera, Marco Leonardi and Raffaella Sadun

34632: How Monetary Policy Is Made: Lessons from Historical FOMC Discussions

Cooper Howes, Marc Dordal i Carreras, Olivier Coibion and Yuriy Gorodnichenko

34631: Payment-Chain Crises

Saki Bigio, Esteban Méndez and Diana Van Patten

34630: The Labor Market Return to Permanent Residency

Kory Kroft, Isaac Norwich, Matthew Notowidigdo and Stephen Tino

34629: Why Care About Debt-to-GDP?

Jonathan B. Berk and Jules van Binsbergen

34628: A Unified Theory of Delegated Capital Management

Jonathan B. Berk and Peter DeMarzo

34627: Global Ripple Effects of Corporate Tax Reforms

Sebastian Dyrda, Guangbin Hong, Muhammad Ali Sajid and Joseph Steinberg

34626: The Ins & Outs of Chinese Monetary Policy Transmission

Silvia Miranda-Agrippino, Tsvetelina Nenova and Helene Rey

34625: Employment Impacts of the CHIPS Act

Bilge Erten, Joseph Stiglitz and Eric Verhoogen

34624: The Effects of Regulating Greenwashing: Evidence from Europe’s Sustainable Finance Disclosure Regulation (SFDR)

Hunt Allcott, Mark L. Egan, Paul Smeets and Hanbin Yang

34623: Principled Identification of Structural Dynamic Models

Neville Francis, Peter Reinhard Hansen and Chen Tong

34622: What Drives Corporate Savings

Nan Chen, Xavier Giroud, Ling Qin and Neng Wang

34621: Household Finance in Retrospect and Prospect

John Campbell and Tarun Ramadorai

34620: The Incidence of Tariffs: Rates and Reality

Gita Gopinath and Brent Neiman

34619: Theoretical Approaches in Stratification Economics

Brendan Brundage, Dan J. McGee and Daniele Tavani

34618: Bank Opacity and Deposit Rates

Ana Babus, Maryam Farboodi and Gabriela Stockler

34617: Why is Private lending so Popular?

David Robinson and Melanie Wallskog

34616: Intergenerational Welfare Assessments

Sergi Barcons, Eduardo Davila and Andreas Schaab

34615: Expanding the Landscape of Cross-Border Flow Restrictions: Modern Tools and Historical Perspectives

Katharina Bergant, Andrés Fernández Martin, Ken Teoh and Martín Uribe

34614: Broadband Internet Access and Adolescent Mental Health in the U.S

Brandyn Churchill and Kathryn R. Johnson

34613: The Benefits of Public Transit to Households: Evidence from India

Palak Suri and Maureen Cropper

34612: The Impact of Spousal Social Security Claiming Decisions on the Financial Shock of Widowhood

Sita Slavov

34611: New Keynesian Economics with Household and Firm Heterogeneity

Thomas Winberry, Adrien Auclert, Matthew Rognlie and Ludwig Straub

34610: Quality Upgrading in Global Supply Chains: Evidence from Colombian Coffee

Rocco Macchiavello, Josepa Miquel-Florensa, Nicolás de Roux, Eric Verhoogen, Mario Bernasconi and Patrick W. Farrell

34609: Extreme Temperatures Promote High-Fat Diets

Xi Chen, Shuo Li, Ding Ma and Jintao Xu

34608: The Emerging Market for Intelligence: Pricing, Supply, and Demand for LLMs

Mert Demirer, Andrey Fradkin, Nadav Tadelis and Sida Peng

34607: One Instrument, Many Treatments: Instrumental Variables Identification of Multiple Causal Effects

Joshua Angrist, Andres Santos and Otávio Tecchio

34606: The Long Run Economic Effects of Medical Innovation and the Role of Opportunities

Sonia Bhalotra, Damian Clarke and Atheendar Venkataramani

34605: Women's Power in the Household

Seema Jayachandran and Alessandra Voena

34604: Connected for Better or Worse? The Role of Production Networks in Financial Crises

Jorge Miranda-Pinto, Eugenio I. Rojas, Felipe Saffie and Álvaro Silva

34603: Open Devices and Slices: Evidence From Wi-Fi Equipment

Do Yoon Kim, Roberto Fontana and Shane Greenstein

34602: Human Capital and Development

Philippe Aghion, Ingvild Almås and Costas Meghir

34601: The Economics of Climate Innovation: Technology, Climate Policy, and the Clean Energy Transition

Eugenie Dugoua and Jacob Moscona

34600: The Impact of Dynamic Prices on Electric Vehicle Public Charging Demand: Evidence from a Nationwide Natural Field Experiment

Louise Bernard, Andy Hackett, Robert Metcalfe, Luca Panzone and Andrew Schein

34599: An Evaluation of Biases in Wellbeing Estimates Using Interviewers Versus Online Data Collection in the Global Flourishing Study

David Blanchflower, Alex Bryson and Alan J. Cui

34598: Rebuilding Ukraine's Cities: Maximizing Benefits and Minimizing Costs

Edward Glaeser, Martina Kirchberger and Andrii Parkhomenko

34597: Sources of Evidence for Evidence-based Policymaking: Journals, Articles and Scholarly Structures in the Economic Report of the President 2010-2025

Richard Burkhauser and Ji Ma

34596: From RANK to HANK, without FIRE

George-Marios Angeletos, Joao Guerreiro and Dalton Rongxuan Zhang

34595: Volatile Rates, Fragile Growth: Global Financial Risk and Productivity Dynamics

Nils Gornemann, Eugenio I. Rojas and Felipe Saffie

34594: The Rise of Specialized Financial Products

Ana Babus, Matias Marzani and Sara Moreira

34593: Generous Long-Term Contracts

Sylvain Chassang

34592: Patents to Products: Product Innovation and Firm Dynamics

David Argente, Salome Baslandze, Douglas Hanley and Sara Moreira

34591: Multidimensional Sorting: Comparative Statics

Job Boerma, Andrea Ottolini and Aleh Tsyvinski

34590: Identity and Ideology in the School Boardroom

Barbara Biasi, Minseon Park, John Singleton and Seth Zimmerman

34589: Understanding the Employment Effects of Opportunity Zones

Matthew Freedman, Noah Arman Kouchekinia and David Neumark

34587: How Good is International Risk Sharing? Stepping Outside the Shadow of the Welfare Theorems

Mark Aguiar, Oleg Itskhoki and Dmitry Mukhin

34586: The Cost of State-Building: Evidence from Germany

Leander Heldring

34585: Elections and Political Investment

Patrick Testa

34584: Learning and the Emergence of Nonlinearity in Financial Markets

Ian Dew-Becker, Stefano Giglio and Pooya Molavi

34583: What Would it Cost to End Extreme Poverty?

Roshni Sahoo, Joshua Blumenstock, Paul Niehaus, Leo Selker and Stefan Wager

34582: Agglomeration, Segregation and Imperial Origins

Ester Faia, Edward Glaeser, Saverio Simonelli and Martina Viarengo

34581: Who Chooses and Who Benefits? The Design of Public School Choice Systems

Christopher Campos, Jesse Bruhn, Eric Chyn and Antonia Vazquez

34580: Exporting, Wage Profiles, and Human Capital: Evidence from Brazil

Xiao Ma, Marc-Andreas Muendler and Alejandro Nakab

34579: Social Security and Inequality in Belgium

Giulia Klinges, Alain Jousten and Mathieu Lefebvre

34578: Medium-Term Impacts of Integrated Social Safety Nets: Cash Transfers, Information Meetings, and Home Visits for Child Development

Richard Akresh, Damien de de Walque, Harounan Kazianga and Abigail Stocker

34577: Social Security Reforms and Inequality among Older Workers in Spain

Cristina Bellés-Obrero, Manuel Flores, Pilar Garcia-Gomez, Sergi Jimenez-Martin and Judit Vall Castello

34576: Pension Reforms and Inequalities in France

Antoine Bozio, Maxime To and Julie Tréguier

34575: Financializing the Professions: The Rise of Private Equity in Accounting

Inna Abramova and John Barrios

34574: Social Security Reforms and Inequality in Japan

Takashi Oshio, Satoshi Shimizutani and Akiko S. Oishi

34573: On Productivity and Distortions across Countries

Diego Restuccia

34572: Antitrust Enforcement in Labor Markets

Elena Prager

34571: Joint Child Custody and Interstate Migration

Abi Adams, Oğuz Bayraktar, Thomas H. Jørgensen, Hamish Low and Alessandra Voena

34570: Worker Preparedness Across the Marshallian Runs Survey Instruments and Early Evidence from the Copenhagen Life Panel

Andrew Caplin, Søren Leth-Petersen, Victoria Gregory, Ida Maria Hartmann, Eungik Lee and Johan Sæverud

34569: The State Pension Age and Inequality in Old-age Social Security Wealth in the Netherlands

Adriaan Kalwij and Arie Kapteyn

34568: Lenin's Shadow on the Istanbul Convention: The Legacy of Communism on Attitudes Toward Violence Against Women in Europe

Naci Mocan and Nur Orak

34567: Examining the Effect of Cannabis Legalization on Youth Cannabis Use: Evidence on the Importance of Enforcing Retailer Compliance

Rahi Abouk, Johanna Maclean and Rosalie Pacula

34566: Electoral Margins and Political Competition

Clemence Tricaud and Romain Wacziarg

34565: The Effect of Online Sales Bans on E-Cigarette Use

Ege Aksu, Charles Courtemanche, Dhaval Dave, Daniel Dench, Michael Grossman, Jooyoung Kim, Selen Ozdogan, Shubhsri Rajendra, Joseph J. Sabia and Henry Saffer

34564: Round Bidding in Auctions

Mark van Oldeniel, Christopher Snyder and Adriaan Soetevent

34563: Monthly Earnings Volatility and Household Pooling

Martin E. Andresen, Andreas Kostøl, Ross T. Milton, Corina Mommaerts and Luisa Wallossek

34562: Learning to Work Towards Goals: A Sequential Evaluation of the Effect of a Goal-Setting Course on Academic and Soft Skills

Anaya Dam, Guthrie Gray-Lobe, Michael Kremer, Joost de Laat and Karlijn Morsink

34561: The Role of Insurers in Health Care Spending and Production: Evidence from Utah

Benjamin R. Handel, Jonathan A. Holmes, Jonathan Kolstad and Kurt Lavetti

34560: In-situ Upgrading or Population Relocation? Direct Impacts and Spatial Spillovers of Slum Renewal Policies

Paul Gertler, Marco Gonzalez-Navarro, Raimundo Undurraga and Joaquin A. Urrego

34559: Experiencing Carbon Pricing

Stefano Carattini, Ian Fletcher, Chad Kendall, Michael Price and Arthur Vu

34558: Anatomy of US Inequality

Oded Galor and Daniel Wainstock

34557: Impacts of Contemporaneous Air Pollution Exposure on Cognitive Performance in Kenya

Xuqian Ma, Michelle N. Layvant, Edward Miguel, Eric Ochieng, Ajay Pillarisetti and Michael Walker

34556: The Labor Market and Health Impacts of Reducing Cesarean Section Deliveries

Sarah Miller, Petra Persson, Maya Rossin-Slater and Laura Wherry

34555: Default and Interest Rate Shocks: Renegotiation Matters

Victor Leão Borges de Almeida, Carlos Esquivel, Timothy Kehoe and Juan Pablo Nicolini

34554: Overlapping Policy Interventions: Evidence from Home Health

Liran Einav, Amy Finkelstein, Yunan Ji and Neale Mahoney

34553: Explaining the Widening Divides in US Midlife Mortality: Is There a Smoking Gun?

Christopher Foote, Ellen Meara, Jonathan Skinner and Luke R. Stewart