NBER Working Papers

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22311: Are Supply Shocks Contractionary at the ZLB? Evidence from Utilization-Adjusted TFP Data

Julio Garin, Robert Lester and Eric Sims

22310: Macroeconomics, Aging and Growth

Ronald Lee

22309: Marriage Market Equilibrium

Robert Pollak

22308: Price Elasticities of Pharmaceuticals in a Value-Based-Formulary Setting

Kai Yeung, Anirban Basu, Ryan N. Hansen and Sean D. Sullivan

22307: The Spillovers, Interactions, and (Un)Intended Consequences of Monetary and Regulatory Policies

Kristin Forbes, Dennis Reinhardt and Tomasz Wieladek

22306: Understanding the Improvement in Disability Free Life Expectancy In the U.S. Elderly Population

Michael Chernew, David Cutler, Kaushik Ghosh and Mary Beth Landrum

22305: The Upside-down Economics of Regulated and Otherwise Rigid Prices

Casey Mulligan and Kevin Tsui

22304: Unsticking the Flypaper Effect Using Distortionary Taxation

Carlos Vegh and Guillermo Vuletin

22303: Environmental Taxation

Roberton Williams

22302: Returns to Consumer Search: Evidence from eBay

Thomas Blake, Chris Nosko and Steven Tadelis

22301: Inter Vivos Transfers of Ownership in Family Firms

James R. Hines, Niklas Potrafke, Marina Riem and Christoph Schinke

22300: Tourism and Economic Development: Evidence from Mexico's Coastline

Benjamin Faber and Cecile Gaubert

22299: A Contagious Malady? Open Economy Dimensions of Secular Stagnation

Gauti Eggertsson, Neil R. Mehrotra, Sanjay R. Singh and Lawrence H. Summers

22298: Reverse Speculative Attacks

Manuel Amador, Javier Bianchi, Luigi Bocola and Fabrizio Perri

22297: Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination

George-Marios Angeletos and Chen Lian

22296: The Influence of Geography and Measurement in Estimating Cigarette Price Responsiveness

Michael Pesko, John Tauras, Jidong Huang and Frank Chaloupka

22295: A Model of the International Monetary System

Emmanuel Farhi and Matteo Maggiori

22294: Carbon Emissions and Business Cycles

Hashmat Khan, Christopher Knittel, Konstantinos Metaxoglou and Maya Papineau

22293: Household Risk Management

Adriano Rampini and S Viswanathan

22292: Experimental Evidence on the Demand for and Costs of Rural Electrification

Kenneth Lee, Edward Miguel and Catherine Wolfram

22291: Returns to Education: The Causal Effects of Education on Earnings, Health and Smoking

James J. Heckman, John Humphries and Gregory Veramendi

22290: Height and Cognition at Work: Labor Market Productivity in a Low Income Setting

Daniel LaFave and Duncan Thomas

22289: The Economics of "Radiator Springs:" Industry Dynamics, Sunk Costs, and Spatial Demand Shifts

Jeffrey Campbell and Thomas Hubbard

22288: The Economic Consequences of Hospital Admissions

Carlos Dobkin, Amy Finkelstein, Raymond Kluender and Matthew Notowidigdo

22287: Gainfully Employed? Assessing the Employment and Earnings of For-Profit College Students Using Administrative Data

Stephanie Riegg Cellini and Nick Turner

22286: Curbing Shocks to Corporate Liquidity: The Role of Trade Credit

Niklas Amberg, Tor Jacobson, Erik von Schedvin and Robert Townsend

22285: Quantitative Easing and Financial Stability

Michael Woodford

22284: Durability, Deadline, and Election Effects in Bargaining

Alp Simsek and Muhamet Yildiz

22283: Does Easing Monetary Policy Increase Financial Instability?

Ambrogio Cesa-Bianchi and Alessandro Rebucci

22282: Adoption with Social Learning and Network Externalities

Marcel Fafchamps, Mans Soderbom and Monique vanden Boogaart

22281: Energy Cost Pass-Through in U.S. Manufacturing: Estimates and Implications for Carbon Taxes

Sharat Ganapati, Joseph S. Shapiro and Reed Walker

22280: Interpreting Recent Quasi-Experimental Evidence on the Effects of Unemployment Benefit Extensions

Marcus Hagedorn, Iourii Manovskii and Kurt Mitman

22279: Allocative and Remitted Wages: New Facts and Challenges for Keynesian Models

Susanto Basu and Christopher L. House

22278: Do Field Experiments on Labor and Housing Markets Overstate Discrimination? A Re-examination of the Evidence

David Neumark and Judith Rich

22277: Private Provision of Social Insurance: Drug-specific Price Elasticities and Cost Sharing in Medicare Part D

Liran Einav, Amy Finkelstein and Maria Polyakova

22276: Volatility and the Gains from Trade

Treb Allen and David Atkin

22275: Is the Macroeconomy Locally Unstable and Why Should We Care?

Paul Beaudry, Dana Galizia and Franck Portier

22274: How Credit Constraints Impact Job Finding Rates, Sorting & Aggregate Output

Kyle Herkenhoff, Gordon Phillips and Ethan Cohen-Cole

22273: How Does Hedge Fund Activism Reshape Corporate Innovation?

Alon Brav, Wei Jiang, Song Ma and Xuan Tian

22272: The Fiscal Cost of Hurricanes: Disaster Aid Versus Social Insurance

Tatyana Deryugina

22271: A Model of Safe Asset Determination

Zhiguo He, Arvind Krishnamurthy and Konstantin Milbradt

22270: The Costs of Sovereign Default: Evidence from Argentina

Benjamin Hébert and Jesse Schreger

22269: Unemployment and Environmental Regulation in General Equilibrium

Marc A. C. Hafstead and Roberton Williams

22268: East Asian Economies and Financial Globalization In the Post-Crisis World

Joshua Aizenman and Hiro Ito

22267: Family Disadvantage and the Gender Gap in Behavioral and Educational Outcomes

David Autor, David Figlio, Krzysztof Karbownik, Jeffrey Roth and Melanie Wasserman

22266: Diagnostic Expectations and Credit Cycles

Pedro Bordalo, Nicola Gennaioli and Andrei Shleifer

22265: The Impact of Health Insurance on Preventive Care and Health Behaviors: Evidence from the 2014 ACA Medicaid Expansions

Kosali Simon, Aparna Soni and John Cawley

22264: Multiple Equilibria in Open Economy Models with Collateral Constraints: Overborrowing Revisited

Stephanie Schmitt-Grohe and Martín Uribe

22263: Inequality Before Birth: The Developmental Consequences of Environmental Toxicants

Claudia Persico, David Figlio and Jeffrey Roth

22262: Cross-Generational Differences in Educational Outcomes in the Second Great Wave of Immigration

Umut Özek and David Figlio

22261: Price Regulation and Environmental Externalities: Evidence from Methane Leaks

Catherine Hausman and Lucija Muehlenbachs

22260: Recruiting and Supporting Low-Income, High-Achieving Students at Flagship Universities

Rodney J. Andrews, Scott Imberman and Michael Lovenheim

22259: The Great Escape? A Quantitative Evaluation of the Fed’s Liquidity Facilities

Marco Del Negro, Gauti Eggertsson, Andrea Ferrero and Nobuhiro Kiyotaki

22258: Social Networks and Housing Markets

Michael Bailey, Ruiqing Cao, Theresa Kuchler and Johannes Stroebel

22257: Reference-Dependent Job Search: Evidence from Hungary

Stefano DellaVigna, Attila Lindner, Balazs Reizer and Johannes Schmieder

22256: Who Bears the Cost of Recessions? The Role of House Prices and Household Debt

Atif Mian and Amir Sufi

22255: Using a Free Permit Rule to Forecast the Marginal Abatement Cost of Proposed Climate Policy

Kyle Meng

22254: Ownership and the Price of Residential Electricity: Evidence from the United States, 1935-1940

Carl Kitchens and Taylor Jaworski

22253: Theory and Measurement: Emergence, Consolidation and Erosion of a Consensus

Jeff Biddle and Daniel S. Hamermesh

22252: The Race Between Machine and Man: Implications of Technology for Growth, Factor Shares and Employment

Daron Acemoglu and Pascual Restrepo

22251: The Effect of Cigarette Prices on Cigarette Sales: Exploring Heterogeneity in Price Elasticities at High and Low Prices

John Tauras, Michael Pesko, Jidong Huang, Frank Chaloupka and Matthew C. Farrelly

22250: The Political Agenda Effect and State Centralization

Daron Acemoglu, James Robinson and Ragnar Torvik

22249: What is the Marginal Benefit of Payment-Induced Family Care?

Norma Coe, Jing Guo, R. Tamara Konetzka and Courtney Van Houtven

22248: Gender Based Occupational Segregation and Sex Differences in Sensory, Motor and Spatial Aptitudes

Michael Baker and Kirsten Cornelson

22247: The Granular Nature of Large Institutional Investors

Itzhak Ben-David, Francesco Franzoni, Rabih Moussawi and John Sedunov

22246: Which Social Cost of Carbon? A Theoretical Perspective

Matthew Kotchen

22245: Why Do Children Take Care of Their Elderly Parents? Are the Japanese Any Different?

Charles Yuji Horioka, Emin Gahramanov, Aziz Hayat and Xueli Tang

22244: Low-quality Patents in the Eye of the Beholder: Evidence from Multiple Examiners

Gaétan de Rassenfosse, William Griffiths, Adam Jaffe and Elizabeth Webster

22243: Bernanke's No-arbitrage Argument Revisited: Can Open Market Operations in Real Assets Eliminate the Liquidity Trap?

Gauti Eggertsson and Kevin Proulx

22242: Designing Policies to Make Cars Greener: A Review of the Literature

Soren Anderson and James M. Sallee

22241: The Division of Labor in Teams: A Conceptual Framework and Application to Collaborations in Science

Carolin Haeussler and Henry Sauermann

22240: Collective Action in an Asymmetric World

Cuicui Chen and Richard Zeckhauser

22239: The Great Recession in the Shadow of the Great Depression: A Review Essay on “Hall of Mirrors: The Great Depression, The Great Recession and the Uses and Misuses Of History”

Lee Ohanian

22238: Digital Currencies, Decentralized Ledgers, and the Future of Central Banking

Max Raskin and David Yermack

22237: Technology and Education: Computers, Software, and the Internet

George Bulman and Robert Fairlie

22236: Global Production with Export Platforms

Felix Tintelnot

22235: Impacts and Determinants of Health Levels in Low-Income Countries

Pascaline Dupas and Edward Miguel

22234: Moral Costs and Rational Choice: Theory and Experimental Evidence

James Cox, John List, Michael Price, Vjollca Sadiraj and Anya Samek

22233: Maternal Education, Parental Investment and Non-Cognitive Skills in Rural China

Jessica Leight and Elaine Liu

22232: Non-durable Consumption and Housing Net Worth in the Great Recession: Evidence from Easily Accessible Data

Greg Kaplan, Kurt Mitman and Giovanni Violante

22231: Democracy for Polarized Committees: The Tale of Blotto's Lieutenants

Alessandra Casella, Jean-François Laslier and Antonin Macé

22230: Macroeconomics of Persistent Slumps

Robert E. Hall

22229: Family Ruptures, Stress, and the Mental Health of the Next Generation

Petra Persson and Maya Rossin-Slater

22228: Pricing Assets in an Economy with Two Types of People

Roger Farmer

22227: Parental Responses to Child Support Obligations: Evidence from Administrative Data

Maya Rossin-Slater and Miriam Wüst

22226: What Do Test Scores Miss? The Importance of Teacher Effects on Non-Test Score Outcomes

C. Kirabo Jackson

22225: Identifying Ambiguity Shocks in Business Cycle Models Using Survey Data

Anmol Bhandari, Jaroslav Borovička and Paul Ho

22224: Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective

Gianluca Benigno, Huigang Chen, Christopher Otrok, Alessandro Rebucci and Eric Young

22223: Deposit Insurance: Theories and Facts

Charles Calomiris and Matthew Jaremski

22222: The Effect of Single-Sex Education on Test Scores, School Completion, Arrests, and Teen Motherhood: Evidence from School Transitions

C. Kirabo Jackson

22221: Compulsory Voting, Turnout, and Government Spending: Evidence from Austria

Mitchell Hoffman, Gianmarco León-Ciliotta and Maria Lombardi

22220: Open Access as a Crude Solution to a Hold-up Problem in the Two-Sided Market for Academic Journals

Mark J. McCabe and Christopher M. Snyder

22219: Communication in Vertical Markets: Experimental Evidence

Claudia Möllers, Hans-Theo Normann and Christopher M. Snyder

22218: The Requirements of Jobs: Evidence from a Nationally Representative Survey

Maury Gittleman, Kristen Monaco and Nicole Nestoriak

22217: Multifaceted Aid for Low-Income Students and College Outcomes: Evidence from North Carolina

Charles Clotfelter, Steven W. Hemelt and Helen Ladd

22216: Newer Need Not be Better: Evaluating the Penn World Tables and the World Development Indicators Using Nighttime Lights

Maxim Pinkovskiy and Xavier Sala-i-Martin

22215: Labor Supply in the Past, Present, and Future: a Balanced-Growth Perspective

Timo Boppart and Per Krusell

22214: Federal Coal Program Reform, the Clean Power Plan, and the Interaction of Upstream and Downstream Climate Policies

Todd Gerarden, W. Spencer Reeder and James H. Stock

22213: Premium Subsidies, the Mandate, and Medicaid Expansion: Coverage Effects of the Affordable Care Act

Molly Frean, Jonathan Gruber and Benjamin D. Sommers

22212: Distortions in Production Networks

Saki Bigio and Jennifer La’O