NBER Working Papers

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22511: The Effects of Pre-Trial Detention on Conviction, Future Crime, and Employment: Evidence from Randomly Assigned Judges

Will Dobbie, Jacob Goldin and Crystal Yang

22510: Infrequent but Long-Lived Zero-Bound Episodes and the Optimal Rate of Inflation

Marc Dordal-i-Carreras, Olivier Coibion, Yuriy Gorodnichenko and Johannes Wieland

22509: Optimal Domestic (and External) Sovereign Default

Pablo D'Erasmo and Enrique Mendoza

22508: Opening the Black Box of the Matching Function: the Power of Words

Ioana Marinescu and Ronald Wolthoff

22507: The Consequences of Spatially Differentiated Water Pollution Regulation in China

Zhao Chen, Matthew Kahn, Yu Liu and Zhi Wang

22506: On What States Do Prices Depend? Answers From Ecuador

Craig Benedict, Mario Crucini and Anthony Landry

22505: The Elusive Costs of Inflation: Price Dispersion during the U.S. Great Inflation

Emi Nakamura, Jon Steinsson, Patrick Sun and Daniel Villar

22504: Taking the Measure of a Fatal Drug Epidemic

Christopher Ruhm

22503: Designing Nonlinear Price Schedules for Urban Water Utilities to Balance Revenue and Conservation Goals

Frank A. Wolak

22502: Charter Schools and Labor Market Outcomes

Will S. Dobbie and Roland Fryer

22501: The Economic Impact of Universities: Evidence from Across the Globe

Anna Valero and John van Reenen

22500: Venture Capital Data: Opportunities and Challenges

Steven Kaplan and Josh Lerner

22499: Analyzing the Impact of the World’s Largest Public Works Project on Crime

Satadru Das and Naci Mocan

22498: Multinational Firms and International Business Cycle Transmission

Javier Cravino and Andrei Levchenko

22497: Union Army Veterans, All Grown Up

Dora Costa, Heather DeSomer, Eric Hanss, Christopher Roudiez, Sven E. Wilson and Noelle Yetter

22496: Wage Flexibility and Employment Fluctuations: Evidence from the Housing Sector

Jorn-Steffen Pischke

22495: Does Rosie Like Riveting? Male and Female Occupational Choices

Grace Lordan and Jorn-Steffen Pischke

22494: Level versus Variability Trade-offs in Wind and Solar Generation Investments: The Case of California

Frank A. Wolak

22493: Do Private Equity Funds Manipulate Reported Returns?

Gregory W. Brown, Oleg R. Gredil and Steven Kaplan

22492: Why Does Idiosyncratic Risk Increase with Market Risk?

Söhnke Bartram, Gregory Brown and René Stulz

22491: The Morale Effects of Pay Inequality

Emily Breza, Supreet Kaur and Yogita Shamdasani

22490: Paralyzed by Fear: Rigid and Discrete Pricing under Demand Uncertainty

Cosmin Ilut, Rosen Valchev and Nicolas Vincent

22489: Understanding the Gains from Wage Flexibility: The Exchange Rate Connection

Jordi Galí and Tommaso Monacelli

22488: Gender Differences in Cooperative Environments? Evidence from the U.S. Congress

Stefano Gagliarducci and M. Daniele Paserman

22487: Heads or Tails: The Impact of a Coin Toss on Major Life Decisions and Subsequent Happiness

Steven Levitt

22486: Peer Information and Risk-taking under Competitive and Non-competitive Pay Schemes

Philip Brookins, Jennifer Brown and Dmitry Ryvkin

22485: Macro-Finance

John Cochrane

22484: Grounded by Gravity: A Well-Behaved Trade Model with Industry-Level Economies of Scale

Konstantin Kucheryavyy, Gary Lyn and Andres Rodriguez-Clare

22483: Start-up Nation? Slave Wealth and Entrepreneurship in Civil War Maryland

Felipe González, Guillermo Marshall and Suresh Naidu

22482: The Deregularization of Land Titles

Sebastian Galiani and Ernesto Schargrodsky

22481: Is Optimal Capital-Control Policy Countercyclical In Open-Economy Models With Collateral Constraints?

Stephanie Schmitt-Grohe and Martín Uribe

22480: The Effects of School Desegregation on Mixed-Race Births

Nora Gordon and Sarah Reber

22479: Measuring Aggregate Price Indexes with Taste Shocks: Theory and Evidence for CES Preferences

Stephen Redding and David Weinstein

22478: The Evolution of Physician Practice Styles: Evidence from Cardiologist Migration

David Molitor

22477: Analyst Promotions within Credit Rating Agencies: Accuracy or Bias?

Darren J. Kisgen, Matthew Osborn and Jonathan Reuter

22476: The FinTech Opportunity

Thomas Philippon

22475: International Evidence on Long Run Money Demand

Luca Benati, Robert Lucas, Juan Pablo Nicolini and Warren Weber

22474: The Gap within the Gap: Using Longitudinal Data to Understand Income Differences in Student Achievement

Katherine Michelmore and Susan Dynarski

22473: Depreciation of Business R&D Capital

Wendy C.Y. Li and Bronwyn Hall

22472: Dynamic Effects of Teacher Turnover on the Quality of Instruction

Eric Hanushek, Steven Rivkin and Jeffrey Schiman

22471: Tobacco Regulation and Cost-Benefit Analysis: How Should We Value Foregone Consumer Surplus?

Helen Levy, Edward Norton and Jeffrey Smith

22470: Cognitive Performance and Labor Market Outcomes

Dajun Lin, Randall Lutter and Christopher Ruhm

22469: Does “Ban the Box” Help or Hurt Low-Skilled Workers? Statistical Discrimination and Employment Outcomes When Criminal Histories are Hidden

Jennifer Doleac and Benjamin Hansen

22468: External and Internal Validity of a Geographic Quasi-Experiment Embedded in Cluster-Randomized Experiment

Sebastian Galiani, Patrick McEwan and Brian Quistorff

22467: Buffering Volatility: A Study on the Limits of Germany’s Energy Revolution

Hans-Werner Sinn

22466: The Holders and Issuers of International Portfolio Securities

Vahagn Galstyan, Philip Lane, Caroline Mehigan and Rogelio Mercado

22465: The Scandinavian Fantasy: The Sources of Intergenerational Mobility in Denmark and the U.S

Rasmus Landersø and James Heckman

22464: Does Disease Cause Vaccination? Disease Outbreaks and Vaccination Response

Emily Oster

22463: Banking the Unbanked? Evidence From Three Countries

Pascaline Dupas, Dean Karlan, Jonathan Robinson and Diego Ubfal

22462: Popular Acceptance of Inequality due to Brute Luck and Support for Classical Benefit-Based Taxation

Matthew Weinzierl

22461: Taking Orders and Taking Notes: Dealer Information Sharing in Treasury Markets

Nina Boyarchenko, David Lucca and Laura Veldkamp

22460: Trends and Cycles in Small Open Economies: Making The Case For A General Equilibrium Approach

Kan Chen and Mario Crucini

22459: Economic Conditions and Children's Mental Health

Ezra Golberstein, Gilbert Gonzales and Ellen Meara

22458: On the Distribution of the Welfare Losses of Large Recessions

Dirk Krueger, Kurt Mitman and Fabrizio Perri

22457: Efficiency of Flexible Budgetary Institutions

T. Renee Bowen, Ying Chen, Hülya Eraslan and Jan Zapal

22456: The Effect of Occupational Licensing on Consumer Welfare: Early Midwifery Laws and Maternal Mortality

D. Mark Anderson, Ryan Brown, Kerwin Kofi Charles and Daniel Rees

22455: Measuring Time Preferences

Jonathan D. Cohen, Keith Ericson, David Laibson and John Myles White

22454: Bridging the Gap: Do Fast Reacting Fossil Technologies Facilitate Renewable Energy Diffusion?

Elena Verdolini, Francesco Vona and David Popp

22453: Education, Participation, and the Revival of U.S. Economic Growth

Dale Jorgenson, Mun Ho and Jon D. Samuels

22452: The Effect of Population Aging on Economic Growth, the Labor Force and Productivity

Nicole Maestas, Kathleen Mullen and David Powell

22451: Heterogeneity and Unemployment Dynamics

Hie Joo Ahn and James Hamilton

22450: New Evidence on Trust and Well-being

John Helliwell, Haifang Huang and Shun Wang

22449: External Validity in a Stochastic World

Mark Rosenzweig and Christopher Udry

22448: Can Market Participants Report their Preferences Accurately (Enough)?

Eric Budish and Judd B. Kessler

22447: The General Equilibrium Impacts of Unemployment Insurance: Evidence from a Large Online Job Board

Ioana Marinescu

22446: Does Career Risk Deter Potential Entrepreneurs?

Joshua Gottlieb, Richard R. Townsend and Ting Xu

22445: How Japan and the US Can Reduce the Stress of Aging

Claudia Goldin

22444: Pecuniary Externalities in Economies with Financial Frictions

Eduardo Davila and Anton Korinek

22443: Do Government Audits Reduce Corruption? Estimating the Impacts of Exposing Corrupt Politicians

Eric Avis, Claudio Ferraz and Frederico Finan

22442: Estimating the Technology of Children's Skill Formation

Francesco Agostinelli and Matthew Wiswall

22441: Identification of Dynamic Latent Factor Models: The Implications of Re-Normalization in a Model of Child Development

Francesco Agostinelli and Matthew Wiswall

22440: Demand Heterogeneity in Insurance Markets: Implications for Equity and Efficiency

Michael Geruso

22439: Estimation of a Roy/Search/Compensating Differential Model of the Labor Market

Christopher Taber and Rune Vejlin

22438: Time Discounting and Economic Decision-making Among the Elderly

David Huffman, Raimond Maurer and Olivia Mitchell

22437: Production Function Estimation and Capital Measurement Error

Allan Collard-Wexler and Jan De Loecker

22436: The Labor Market Effects of Credit Market Information

Marieke Bos, Emily Breza and Andres Liberman

22435: CEO Personality and Firm Policies

Ian D. Gow, Steven Kaplan, David F. Larcker and Anastasia Zakolyukina

22434: The Measurement of Student Ability in Modern Assessment Systems

Brian Jacob and Jesse Rothstein

22433: Product Mix and Firm Productivity Responses to Trade Competition

Thierry Mayer, Marc Melitz and Gianmarco Ottaviano

22432: Weathering the Great Recession: Variation in Employment Responses by Establishments and Countries

Erling Barth, James Davis, Richard Freeman and Sari Pekkala Kerr

22431: Monetary Policy with 100 Percent Reserve Banking: An Exploration

Edward Prescott and Ryan Wessel

22430: Disentangling the Contemporaneous and Dynamic Effects of Human and Health Capital on Wages over the Life Cycle

Donna Gilleskie, Euna Han and Edward Norton

22429: The Inner Workings of the Patient Centered Medical Home Model

Guy David, Philip A. Saynisch and Aaron Smith-McLallen

22428: Taking the Leap: The Determinants of Entrepreneurs Hiring their First Employee

Robert Fairlie and Javier Miranda

22427: The Empirical Economics of Online Attention

Andre Boik, Shane Greenstein and Jeffrey Prince

22426: First Cabin Fares from New York to the British Isles, 1826-1914

Brandon Dupont, Drew Keeling and Thomas Weiss

22425: Estimating Local Fiscal Multipliers

Juan Carlos Suárez Serrato and Philippe Wingender

22424: Distributional Effects of Means Testing Social Security: Income Versus Wealth

Alan Gustman, Thomas Steinmeier and Nahid Tabatabai

22423: Measuring Group Differences in High-Dimensional Choices: Method and Application to Congressional Speech

Matthew Gentzkow, Jesse Shapiro and Matt Taddy

22422: RBC Methodology and the Development of Aggregate Economic Theory

Edward Prescott

22421: Finders, Keepers?

Niko Jaakkola, Daniel Spiro and Arthur A. van Benthem

22420: Can Paying Firms Quicker Affect Aggregate Employment?

Jean-Noel Barrot and Ramana Nanda

22419: Disability Benefit Generosity and Labor Force Withdrawal

Kathleen Mullen and Stefan Staubli

22418: The New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective

Tobias Broer, Niels-Jakob H. Hansen, Per Krusell and Erik Öberg

22417: Bride Price and Female Education

Nava Ashraf, Natalie Bau, Nathan Nunn and Alessandra Voena

22416: Long-Run Risk is the Worst-Case Scenario

Rhys Bidder and Ian Dew-Becker

22415: QE in the future: the central bank’s balance sheet in a fiscal crisis

Ricardo Reis

22414: Buyout Activity: The Impact of Aggregate Discount Rates

Valentin Haddad, Erik Loualiche and Matthew Plosser

22413: A Forward Looking Ricardian Approach: Do Land Markets Capitalize Climate Change Forecasts?

Christopher Severen, Christopher Costello and Olivier Deschenes

22412: The Impact of Pre-marital Sex Ratios on Household Saving in Two Asian Countries: The Competitive Saving Motive Revisited

Charles Horioka and Akiko Hagiwara