NBER Working Papers

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22811: Complementarity without Superadditivity

Steven Berry, Philip Haile, Mark Israel and Michael Katz

22810: Analyzing the Influence of Occupational Licensing Duration and Grandfathering on Labor Market Outcomes

Suyoun Han and Morris M. Kleiner

22809: Misallocation, Establishment Size, and Productivity

Pedro Bento and Diego Restuccia

22808: How Information Affects Support for Education Spending: Evidence from Survey Experiments in Germany and the United States

Martin R. West, Ludger Woessmann, Philipp Lergetporer and Katharina Werner

22807: The Social Cost of Carbon Revisited

Robert Pindyck

22806: Political Borders and Bank Lending in Post-Crisis America

Matthieu Chavaz and Andrew Rose

22805: The Compositional Effect of Rigorous Teacher Evaluation on Workforce Quality

Julie Cullen, Cory Koedel and Eric Parsons

22804: Trade, Pollution and Mortality in China

Matilde Bombardini and Bingjing Li

22803: E-governance, Accountability, and Leakage in Public Programs: Experimental Evidence from a Financial Management Reform in India

Abhijit Banerjee, Esther Duflo, Clément Imbert, Santhosh Mathew and Rohini Pande

22802: Intertemporal Substitution in Health Care Demand: Evidence from the RAND Health Insurance Experiment

Haizhen Lin and Daniel Sacks

22801: The Long Shadow of a Fiscal Expansion

Chong-En Bai, Chang-Tai Hsieh and Zheng Michael Song

22800: Should Central Banks Care About Fiscal Rules?

Eric Leeper

22799: Leverage Dynamics without Commitment

Peter DeMarzo and Zhiguo He

22798: Taxing the Rich More: Preliminary Evidence from the 2013 Tax Increase

Emmanuel Saez

22797: Divergent Paths: Structural Change, Economic Rank, and the Evolution of Black-White Earnings Differences, 1940-2014

Patrick Bayer and Kerwin Kofi Charles

22796: The Mortality and Medical Costs of Air Pollution: Evidence from Changes in Wind Direction

Tatyana Deryugina, Garth Heutel, Nolan H. Miller, David Molitor and Julian Reif

22795: Applying Asset Pricing Theory to Calibrate the Price of Climate Risk

Kent Daniel, Robert Litterman and Gernot Wagner

22794: Public Debt as Private Liquidity: Optimal Policy

George-Marios Angeletos, Fabrice Collard and Harris Dellas

22793: Commodities for the Long Run

Ari Levine, Yao Hua Ooi and Matthew Richardson

22792: E-Cigarette Minimum Legal Sale Age Laws and Traditional Cigarette Use among Rural Pregnant Teenagers

Michael Pesko and Janet Currie

22791: Balancing, Regression, Difference-In-Differences and Synthetic Control Methods: A Synthesis

Nikolay Doudchenko and Guido Imbens

22790: A Risk-based Theory of Exchange Rate Stabilization

Tarek Hassan, Thomas M. Mertens and Tony Zhang

22789: A Real Estate Boom with Chinese Characteristics

Edward Glaeser, Wei Huang, Yueran Ma and Andrei Shleifer

22788: Crime and Durable Goods

Sebastian Galiani, Laura Jaitman and Federico Weinschelbaum

22787: Fighting Crises

Gary Gorton and Guillermo Ordonez

22786: Discrimination as a Self-Fulfilling Prophecy: Evidence from French Grocery Stores

Dylan Glover, Amanda Pallais and William Parienté

22785: Forward Guidance without Common Knowledge

George-Marios Angeletos and Chen Lian

22784: Log-linear Approximation versus an Exact Solution at the ZLB in the New Keynesian Model

Gauti Eggertsson and Sanjay Singh

22783: Innovation Network

Daron Acemoglu, Ufuk Akcigit and William Kerr

22782: Trends in Cumulative Marginal Tax Rates Facing Low-Income Families, 1997-2007

Gizem Kosar and Robert Moffitt

22781: Regression Kink Design: Theory and Practice

David Card, David S. Lee, Zhuan Pei and Andrea Weber

22780: Competitive Effects of Scope of Practice Restrictions: Public Health or Public Harm?

Sara Markowitz, E. Kathleen Adams, Mary Jane Lewitt, PhD, Cnm and Md Anne Dunlop

22779: Knowledge Elites and Modernization: Evidence from Revolutionary France

Mara Squicciarini and Nico Voigtländer

22778: Business Income and Business Taxation in the United States Since the 1950s

Conor Clarke and Wojciech Kopczuk

22777: Elite Identity and Political Accountability: A Tale of Ten Islands

Jean-Paul Carvalho and Christian Dippel

22776: Racial and Gender Discrimination in Transportation Network Companies

Yanbo Ge, Christopher Knittel, Don MacKenzie and Stephen Zoepf

22775: Factions in Nondemocracies: Theory and Evidence from the Chinese Communist Party

Patrick Francois, Francesco Trebbi and Kairong Xiao

22774: Securities Lending as Wholesale Funding: Evidence from the U.S. Life Insurance Industry

Nathan Foley-Fisher, Borghan Nezami Narajabad and Stephane Verani

22773: Multidimensional Private Information, Market Structure and Insurance Markets

Hanming Fang and Zenan Wu

22772: Collective Choice in Dynamic Public Good Provision

T. Renee Bowen, George Georgiadis and Nicolas Lambert

22771: Vertical Information Restraints: Pro- and Anti-Competitive Impacts of Minimum Advertised Price Restrictions

John Asker and Heski Bar-Isaac

22770: Is Uncle Sam Inducing the Elderly to Retire?

Alan Auerbach, Laurence Kotlikoff, Darryl R. Koehler and Manni Yu

22769: Evaluating Economy-Wide Benefit Cost Analyses

V. Smith and Min Qiang (Kent) Zhao

22768: Patent Disclosures and Standard-Setting

Josh Lerner, Haris Tabakovic and Jean Tirole

22767: Effects of Adult Health Interventions at Scale on Children's Schooling: Evidence from Antiretroviral Therapy in Zambia

Adrienne Lucas, Margaret Chidothe and Nicholas Wilson

22766: The Causes and Consequences of Increased Female Education and Labor Force Participation in Developing Countries

Rachel Heath and Seema Jayachandran

22765: Inattention and Switching Costs as Sources of Inertia in Medicare Part D

Florian Heiss, Daniel McFadden, Joachim Winter, Amelie Wuppermann and Bo Zhou

22764: Mobile Phones, Civic Engagement, and School Performance in Pakistan

Minahil Asim and Thomas Dee

22763: Fiscal Risk and the Portfolio of Government Programs

Samuel Hanson, David Scharfstein and Adi Sunderam

22762: Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings

Brad Hershbein and Lisa Kahn

22761: Achieving Price Stability by Manipulating the Central Bank’s Payment on Reserves

Robert Hall and Ricardo Reis

22760: Local Government and Old-Age Support in the New Deal

Daniel Fetter

22759: The Effects of Income Mobility and Tax Persistence on Income Redistribution and Inequality

Marina Agranov and Thomas Palfrey

22758: International Financial Adjustment in a Canonical Open Economy Growth Model

Richard Clarida and Ildikó Magyari

22757: The Determinants of Quality Specialization

Jonathan Dingel

22756: Endogenous Network Formation in Congress

Nathan Canen and Francesco Trebbi

22755: A New Financial Order in Asia: Will a RMB bloc emerge?

Takatoshi Ito

22754: Can Online Delivery Increase Access to Education?

Joshua Goodman, Julia Melkers and Amanda Pallais

22753: The Effect of Air Pollution on Investor Behavior: Evidence from the S&P 500

Anthony Heyes, Matthew Neidell and Soodeh Saberian

22752: Notes on the Economics of Energy Storage

Geoffrey Heal

22751: A Model of Fickle Capital Flows and Retrenchment

Ricardo Caballero and Alp Simsek

22750: Evidence for the Effects of Mergers on Market Power and Efficiency

Bruce Blonigen and Justin Pierce

22749: The Competitive Effects of Online Education

David Deming, Michael Lovenheim and Richard Patterson

22748: Upward Mobility and Discrimination: The Case of Asian Americans

Nathaniel Hilger

22747: Silver Points, Silver Flows, and the Measure of Chinese Financial Integration

David Jacks, Se Yan and Liuyan Zhao

22746: Mainstreaming an Effective Intervention: Evidence from Randomized Evaluations of “Teaching at the Right Level” in India

Abhijit Banerjee, Rukmini Banerji, James Berry, Esther Duflo, Harini Kannan, Shobhini Mukherji, Marc Shotland and Michael Walton

22745: When Discounts Raise Costs: The Effect of Copay Coupons on Generic Utilization

Leemore Dafny, Christopher Ody and Matt Schmitt

22744: Ideological Segregation among Online Collaborators: Evidence from Wikipedians

Shane Greenstein, Yuan Gu and Feng Zhu

22743: Macrofinancial History and the New Business Cycle Facts

Oscar Jorda, Moritz Schularick and Alan Taylor

22742: Minimum Payments and Debt Paydown in Consumer Credit Cards

Benjamin Keys and Jialan Wang

22741: Current Account Deficits During Heightened Risk: Menacing or Mitigating?

Kristin Forbes, Ida Hjortsoe and Tsvetelina Nenova

22740: An Index of Global Economic Policy Uncertainty

Steven Davis

22739: Influencing Connected Legislators

Marco Battaglini and Eleonora Patacchini

22738: Changes in Marriage and Divorce as Drivers of Employment and Retirement of Older Women

Claudia Olivetti and Dana E. Rotz

22737: Balance Sheet Effects on Monetary and Financial Spillovers: The East Asian Crisis Plus 20

Joshua Aizenman, Menzie Chinn and Hiro Ito

22736: Market Potential and Global Growth over the Long Twentieth Century

David Jacks and Dennis Novy

22735: Necessity as the Mother of Invention: Monetary Policy after the Crisis

Alan Blinder, Michael Ehrmann, Jakob de Haan and David-Jan Jansen

22734: Money or Grit? Determinants of MisMatch

Russell Cooper

22733: A Distribution-Neutral Perspective On Tax Expenditure Limitations

Louis Kaplow

22732: Estimating the Heterogeneous Welfare Effects of Choice Architecture: An Application to the Medicare Prescription Drug Insurance Market

Jonathan Ketcham, Nicolai Kuminoff and Christopher A. Powers

22731: Will the Paris Accord Accelerate Climate Change?

Laurence Kotlikoff, Andrey Polbin and Andrey Zubarev

22730: Accounting for Price Endogeneity in Airline Itinerary Choice Models: An Application to Continental U.S. Markets

Virginie Lurkin, Laurie A. Garrow, Matthew Higgins, Jeffrey P. Newman and Michael Schyns

22729: Measuring Liquidity Mismatch in the Banking Sector

Arvind Krishnamurthy, Jennie Bai and Charles-Henri Weymuller

22728: What Makes a Price Fair? An Experimental Analysis of Transaction Experience and Endogenous Fairness Views

Holger Herz and Dmitry Taubinsky

22727: Global Firms

Andrew Bernard, J. Jensen, Stephen Redding and Peter Schott

22726: The Long-Term-Care Insurance Puzzle: Modeling and Measurement

John Ameriks, Joseph Briggs, Andrew Caplin, Matthew Shapiro and Christopher Tonetti

22725: Learning and Earning: An Approximation to College Value Added in Two Dimensions

Evan Riehl, Juan E. Saavedra and Miguel Urquiola

22724: Why Not Taxation and Representation? A Note on the American Revolution

Sebastian Galiani and Gustavo Torrens

22723: Do Rare Events Explain CDX Tranche Spreads?

Sang Byung Seo and Jessica Wachter

22722: Choosing Between an Estate Tax and a Basis Carryover Regime: Evidence from 2010

Robert Gordon, David Joulfaian and James Poterba

22721: Childhood Housing and Adult Earnings: A Between-Siblings Analysis of Housing Vouchers and Public Housing

Fredrik Andersson, John Haltiwanger, Mark Kutzbach, Giordano Palloni, Henry O. Pollakowski and Daniel Weinberg

22720: A Ricardian-Demand Explanation for Changing Pharmaceutical R&D Productivity

Mark Pauly and Kyle Myers

22719: Education Quality and Teaching Practices

Marina Bassi, Costas Meghir and Ana Reynoso

22718: Behavioral Welfare Economics and FDA Tobacco Regulations

Philip DeCicca, Donald Kenkel, Feng Liu and Hua Wang

22717: Putting the Pension Back in 401(k) Plans: Optimal versus Default Longevity Income Annuities

Vanya Horneff, Raimond Maurer and Olivia Mitchell

22716: Bidding Dynamics in Auctions

Hugo Hopenhayn and Maryam Saeedi

22715: Global Talent Flows

Sari Pekkala Kerr, William Kerr, Caglar Ozden and Christopher Parsons

22714: Poverty Traps and the Social Protection Paradox

Munenobu Ikegami, Michael Carter, Christopher Barrett and Sarah Janzen

22713: Performance Standards in Need-Based Student Aid

Judith Scott-Clayton and Lauren Schudde

22712: Tort Reform and Innovation

Alberto Galasso and Hong Luo