NBER Working Papers

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22911: Corrective Policy and Goodhart's Law: The Case of Carbon Emissions from Automobiles

Mathias Reynaert and James M. Sallee

22910: The Fading American Dream: Trends in Absolute Income Mobility Since 1940

Raj Chetty, David Grusky, Maximilian Hell, Nathaniel Hendren, Robert Manduca and Jimmy Narang

22909: Bombs and Babies: US Navy Bombing Activity and Infant Health in Vieques, Puerto Rico

Gustavo Bobonis, Mark Stabile and Leonardo Tovar

22908: Optimal Taxation and R&D Policies

Ufuk Akcigit, Douglas Hanley and Stefanie Stantcheva

22907: The Effects of Computers on Children’s Social Development and School Participation: Evidence from a Randomized Control Experiment

Robert Fairlie and Ariel Kalil

22906: Regional Distribution and Dynamics of Human Capital in China 1985-2014: Education, Urbanization, and Aging of the Population

Haizheng Li, Junzi He, Qinyi Liu, Barbara M. Fraumeni and Xiang Zheng

22905: Leverage

Tano Santos and Pietro Veronesi

22904: Estimating the Productivity of Community Colleges in Paving the Road to Four-Year Success

Scott Carrell and Michal Kurlaender

22903: Stimulating Housing Markets

David Berger, Nick Turner and Eric Zwick

22902: The Great Recession and Charitable Giving

Jonathan Meer, David H. Miller and Elisa Wulfsberg

22901: Price Regulation, Price Discrimination, and Equality of Opportunity in Higher Education: Evidence from Texas

Rodney Andrews and Kevin Stange

22900: Elite Colleges and Upward Mobility to Top Jobs and Top Incomes

Seth Zimmerman

22899: The Long-Run Effects of Childhood Insurance Coverage: Medicaid Implementation, Adult Health, and Labor Market Outcomes

Andrew Goodman-Bacon

22898: The Effect of Early Education on Social Preferences

Alexander Cappelen, John List, Anya Samek and Bertil Tungodden

22897: Investment-less Growth: An Empirical Investigation

German Gutierrez and Thomas Philippon

22896: Purchasing Power Disparity before 1914

Peter Lindert

22895: Charging Ahead: Prepaid Electricity Metering in South Africa

B. Kelsey Jack and Grant Smith

22894: The History of the Cross Section of Stock Returns

Juhani T. Linnainmaa and Michael Roberts

22893: Activism, Strategic Trading, and Liquidity

Kerry Back, Pierre Collin-Dufresne, Vyacheslav Fos, Tao Li and Alexander Ljungqvist

22892: Bounds on Treatment Effects in Regression Discontinuity Designs with a Manipulated Running Variable

Francois Gerard, Miikka Rokkanen and Christoph Rothe

22891: Relationship Lending and the Great Depression

Jon Cohen, Kinda Cheryl Hachem and Gary Richardson

22890: Climate Risks and Market Efficiency

Harrison Hong, Frank Weikai Li and Jiangmin Xu

22889: Economic Transformation in Africa from the Bottom Up: Evidence from Tanzania

Xinshen Diao, Josaphat Kweka and Margaret McMillan

22888: Accounting for Business Income in Measuring Top Income Shares: Integrated Accrual Approach Using Individual and Firm Data from Norway

Annette Alstadsæter, Martin Jacob, Wojciech Kopczuk and Kjetil Telle

22887: Health, Human Capital and Domestic Violence

Nicholas Papageorge, Gwyn C. Pauley, Mardge Cohen, Tracey E. Wilson, Barton H. Hamilton and Robert Pollak

22886: The Behavioralist as Policy Designer: The Need to Test Multiple Treatments to Meet Multiple Targets

Robert Hahn, Robert Metcalfe, David Novgorodsky and Michael Price

22885: Population Growth and Carbon Emissions

Gregory Casey and Oded Galor

22884: Measuring “Schmeduling”

Alex Rees-Jones and Dmitry Taubinsky

22883: Portfolio Choices, Firm Shocks and Uninsurable Wage Risk

Andreas Fagereng, Luigi Guiso and Luigi Pistaferri

22882: Identifying the Benefits from Homeownership: A Swedish Experiment

Paolo Sodini, Stijn Van Nieuwerburgh, Roine Vestman and Ulf von Lilienfeld-Toal

22881: Performance Information and Personnel Decisions in the Public Sector: The Case of School Principals

Julie Cullen, Eric A. Hanushek, Gregory Phelan and Steven Rivkin

22880: Labor Market Outcomes and Postsecondary Accountability: Are Imperfect Metrics Better than None?

Veronica Minaya and Judith Scott-Clayton

22879: Foreign Competition and Domestic Innovation: Evidence from U.S. Patents

David Autor, David Dorn, Gordon Hanson, Gary Pisano and Pian Shu

22878: Accelerator or Brake? Cash for Clunkers, Household Liquidity, and Aggregate Demand

Daniel Green, Brian Melzer, Jonathan Parker and Arcenis Rojas

22877: Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance

Luca Flabbi, Mario Macis, Andrea Moro and Fabiano Schivardi

22876: Insurers' Response to Selection Risk: Evidence from Medicare Enrollment Reforms

Francesco Decarolis and Andrea Guglielmo

22875: The Impact of Increased Cost-sharing on Utilization of Low Value Services: Evidence from the State of Oregon

Jonathan Gruber, Johanna Maclean, Bill J. Wright, Eric S. Wilkinson and Kevin Volpp

22874: Cross-Border Prudential Policy Spillovers: How Much? How Important? Evidence from the International Banking Research Network

Claudia Buch and Linda Goldberg

22873: How do Hospitals Respond to Payment Incentives?

Gautam Gowrisankaran, Keith A. Joiner and Jianjing Lin

22872: The Interest Rate Effect on Private Saving: Alternative Perspectives

Joshua Aizenman, Yin-Wong Cheung and Hiro Ito

22871: Sustaining Impacts When Transfers End: Women Leaders, Aspirations, and Investment in Children

Karen Macours and Renos Vakis

22870: Ambiguity and the Tradeoff Theory of Capital Structure

Yehuda Izhakian, David Yermack and Jaime F. Zender

22869: The Surprising Instability of Export Specializations

Diego Daruich, William Easterly and Ariell Reshef

22868: Macroprudential Policy: Promise and Challenges

Enrique Mendoza

22867: It's Not the Thought that Counts: A Field Experiment on Gift Exchange and Giving at a Public University

Catherine Eckel, David H. Herberich and Jonathan Meer

22866: Is The Monetarist Arithmetic Unpleasant?

Martín Uribe

22865: Japan’s Ultimately Unaccursed Natural Resources-Financed Industrialization

Randall Morck and Masao Nakamura

22864: The Welfare Cost of Uncertainty in Policy Outcomes

Edward Schlee and V. Kerry Smith

22863: Is it the "How" or the "When" that Matters in Fiscal Adjustments?

Alberto Alesina, Gualtiero Azzalini, Carlo Favero, Francesco Giavazzi and Armando Miano

22862: Distributional Effects of Air Pollution from Electric Vehicle Adoption

Stephen P. Holland, Erin Mansur, Nicholas Muller and Andrew Yates

22861: Geographical Distribution of Emergency Department Closures and Consequences on Heart Attack Patients

Yu-Chu Shen and Renee Y. Hsia

22860: Transforming Cities: Does Urbanization Promote Democratic Change?

Edward Glaeser and Bryce Millett Steinberg

22859: Fear of Fracking? The Impact of the Shale Gas Exploration on House Prices in Britain

Stephen Gibbons, Stephan Heblich, Esther Lho and Christopher Timmins

22858: Do Good Reports Mean Higher Prices? The Impact of Hospital Compare Ratings on Cardiac Pricing

Avi Dor, William Encinosa and Kathleen Carey

22857: Is the U.S. public corporation in trouble?

Kathleen Kahle and René M. Stulz

22856: A Shadow Rate New Keynesian Model

Jing Cynthia Wu and Ji Zhang

22855: Laws, Educational Outcomes, and Returns to Schooling: Evidence from the Full Count 1940 Census

Karen Clay, Jeff Lingwall and Melvin Stephens, Jr.

22854: From “Made in China” to “Innovated in China”: Necessity, Prospect, and Challenges

Shang-Jin Wei, Zhuan Xie and Xiaobo Zhang

22853: Leaving Big Money on the Table: Arbitrage Opportunities in Delaying Social Security

Gila Bronshtein, Jason Scott, John B. Shoven and Sita Slavov

22852: Immigrants and Firms' Outcomes: Evidence from France

Cristina Mitaritonna, Gianluca Orefice and Giovanni Peri

22851: Prepayment Risk and Expected MBS Returns

Peter Diep, Andrea Eisfeldt and Scott Richardson

22850: Firms and Labor Market Inequality: Evidence and Some Theory

David Card, Ana Rute Cardoso, Jörg Heining and Patrick Kline

22849: Trade Liberalization and Mortality: Evidence from U.S. Counties

Justin Pierce and Peter K. Schott

22848: Extending Industry Specialization through Cross-Border Acquisitions

Laurent Frésard, Ulrich Hege and Gordon Phillips

22847: Take the Short Route: Equilibrium Default and Debt Maturity

Mark Aguiar, Manuel Amador, Hugo Hopenhayn and Iván Werning

22846: The Impact of Consumer Credit Access on Employment, Earnings and Entrepreneurship

Kyle Herkenhoff, Gordon Phillips and Ethan Cohen-Cole

22845: Does The Samaritan's Dilemma Matter? Evidence From U.S. Agriculture

Tatyana Deryugina and Barrett Kirwan

22844: Pegxit Pressure: Evidence from the Classical Gold Standard

Kris James Mitchener and Goncalo Pina

22843: An Analysis of the Labor Market for Uber’s Driver-Partners in the United States

Jonathan V. Hall and Alan Krueger

22842: Multilateral Trade Bargaining and Dominant Strategies

Kyle Bagwell and Robert W. Staiger

22841: Shifting College Majors in Response to Advanced Placement Exam Scores

Christopher Avery, Oded Gurantz, Michael Hurwitz and Jonathan Smith

22840: The Impact of Emerging Market Competition on Innovation and Business Strategy

Lorenz Kueng, Nicholas Li and Mu-Jeung Yang

22839: Macro Risks and the Term Structure of Interest Rates

Geert Bekaert, Eric Engstrom and Andrey Ermolov

22838: Pseudo-wealth and Consumption Fluctuations

Martin Guzman and Joseph Stiglitz

22837: The Theory of Credit and Macro-economic Stability

Joseph Stiglitz

22836: The Competitive Effects of Information Sharing

John Asker, Chaim Fershtman, Jihye Jeon and Ariel Pakes

22835: The Evolution of Health Insurer Costs in Massachusetts, 2010-12

Kate Ho, Ariel Pakes and Mark Shepard

22834: The Economic Contribution of Unauthorized Workers: An Industry Analysis

Ryan Edwards and Francesc Ortega

22833: World Shocks, World Prices, and Business Cycles: An Empirical Investigation

Andrés Fernández Martin, Stephanie Schmitt-Grohe and Martín Uribe

22832: Screening in Contract Design: Evidence from the ACA Health Insurance Exchanges

Michael Geruso, Timothy Layton and Daniel Prinz

22831: Monetary Policy and the Stock Market: Time-Series Evidence

Andreas Neuhierl and Michael Weber

22830: An Economic Analysis of U.S Airline Fuel Economy Dynamics from 1991 to 2015

Matthew Kahn and Jerry Nickelsburg

22829: Exchange Traded Funds (ETFs)

Itzhak Ben-David, Francesco Franzoni and Rabih Moussawi

22828: Corporate Deleveraging

Harry DeAngelo, Andrei S. Gonçalves and René M. Stulz

22827: Inflation Dynamics During the Financial Crisis

Simon Gilchrist, Raphael Schoenle, Jae Sim and Egon Zakrajšek

22826: Hospital Competition, Quality, and Expenditures in the U.S. Medicare Population

Carrie Colla, Julie Bynum, Andrea Austin and Jonathan Skinner

22825: Putting the Cycle Back into Business Cycle Analysis

Paul Beaudry, Dana Galizia and Franck Portier

22824: Time-Inconsistent Charitable Giving

James Andreoni and Marta Serra-Garcia

22823: The Optimal Distribution of Population across Cities

David Albouy, Kristian Behrens, Frederic Robert-Nicoud and Nathan Seegert

22822: Heterogeneity and Persistence in Returns to Wealth

Andreas Fagereng, Luigi Guiso, Davide Malacrino and Luigi Pistaferri

22821: Durable Coalitions and Communication: Public versus Private Negotiations

David P. Baron, T. Renee Bowen and Salvatore Nunnari

22820: Puzzles in the Forex Tokyo “Fixing”: Order Imbalances and Biased Pricing by Banks

Takatoshi Ito and Masahiro Yamada

22819: International Borrowing Cycles: A New Historical Database

Graciela Kaminsky

22818: Technical Aspects of Correspondence Studies

Joanna Lahey and Ryan Beasley

22817: The Aggregate Implications of Gender and Marriage

Margherita Borella, Mariacristina De Nardi and Fang Yang

22816: Housing Demand, Cost-of-Living Inequality, and the Affordability Crisis

David Albouy, Gabriel Ehrlich and Yingyi Liu

22815: The Affordable Care Act as Retiree Health Insurance: Implications for Retirement and Social Security Claiming

Alan Gustman, Thomas L. Steinmeier and Nahid Tabatabai

22814: Past Performance and Procurement Outcomes

Francesco Decarolis, Giancarlo Spagnolo and Riccardo Pacini

22813: On a World Climate Assembly and the Social Cost of Carbon

Martin Weitzman

22812: International Transmissions of Monetary Shocks: Between a Trilemma and a Dilemma

Xuehui Han and Shang-Jin Wei