NBER Working Papers

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22011: School Finance Reform and the Distribution of Student Achievement

Julien Lafortune, Jesse Rothstein and Diane Schanzenbach

22010: MisMatch in Human Capital Accumulation

Russell Cooper and Huacong Liu

22009: Sluggish Inflation Expectations: A Markov Chain Analysis

Narayana Kocherlakota

22008: Good Booms, Bad Booms

Gary Gorton and Guillermo Ordonez

22007: Dynamic Savings Choices with Disagreements

Dan Cao and Iván Werning

22006: Breaking the Spell with Credit-Easing: Self-Confirming Credit Crises in Competitive Search Economies

Gaetano Gaballo and Ramon Marimon

22005: Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence

Diego Anzoategui, Diego Comin, Mark Gertler and Joseba Martinez

22004: What Drives Racial and Ethnic Differences in High Cost Mortgages? The Role of High Risk Lenders

Patrick Bayer, Fernando Ferreira and Stephen Ross

22003: Judges, Juveniles and In-group Bias

Briggs Depew, Ozkan Eren and Naci Mocan

22002: What is Different About Urbanization in Rich and Poor Countries? Cities in Brazil, China, India and the United States

Juan Chauvin, Edward Glaeser, Yueran Ma and Kristina Tobio

22001: What do we learn from stock price reactions to China’s first announcement of anti-corruption reforms?

Chen Lin, Randall Morck, Bernard Yeung and Xiaofeng Zhao

22000: Sets of Models and Prices of Uncertainty

Lars Hansen and Thomas Sargent

21999: Methodological Issues in Analyzing Market Dynamics

Ariel Pakes

21998: Income-comparison Attitudes in the US and the UK: Evidence from Discrete-choice Experiments

Hitoshi Shigeoka and Katsunori Yamada

21997: Solution Methods for Models with Rare Disasters

Jesus Fernandez-Villaverde and Oren Levintal

21996: Just Starting Out: Learning and Equilibrium in a New Market

Ulrich Doraszelski, Gregory Lewis and Ariel Pakes

21995: The Mobility of Elite Life Scientists: Professional and Personal Determinants

Pierre Azoulay, Ina Ganguli and Joshua Graff Zivin

21994: Effect of International Competition on Firm Productivity and Market Power

Jan De Loecker and Johannes Van Biesebroeck

21993: The Sovereign-Bank Diabolic Loop and ESBies

Markus Brunnermeier, Luis Garicano, Philip Lane, Marco Pagano, Ricardo Reis, Tano Santos, David Thesmar, Stijn Van Nieuwerburgh and Dimitri Vayanos

21992: Who Benefits from Calorie Labeling? An Analysis of its Effects on Body Mass

Partha Deb and Carmen Vargas

21991: What has Been Happening to UK Income Inequality Since the Mid-1990s? Answers from Reconciled and Combined Household Survey and Tax Return Data

Richard Burkhauser, Nicolas Hérault, Stephen Jenkins and Roger Wilkins

21990: Including Health Insurance in Poverty Measurement: The Impact of Massachusetts Health Reform on Poverty

Sanders Korenman and Dahlia K. Remler

21989: Micro to Macro: Optimal Trade Policy with Firm Heterogeneity

Arnaud Costinot, Andres Rodriguez-Clare and Iván Werning

21988: Economic Backwardness and Catching Up: Brazilian Agriculture, 1964–2014

Lee Alston and Bernardo Mueller

21987: Intergenerational Persistence of Health in the U.S.: Do Immigrants Get Healthier as they Assimilate?

Mevlude Akbulut-Yuksel and Adriana Kugler

21986: Learning Job Skills from Colleagues at Work: Evidence from a Field Experiment Using Teacher Performance Data

John P. Papay, Eric S. Taylor, John Tyler and Mary Laski

21985: Trade Policy Uncertainty and Exports: Evidence from China’s WTO Accession

Ling Feng, Zhiyuan Li and Deborah Swenson

21984: International Trade with Indirect Additivity

Paolo Bertoletti, Federico Etro and Ina Simonovska

21983: Growth, Urbanization and Poverty Reduction in India

Gaurav Datt, Martin Ravallion and Rinku Murgai

21982: The Complexity of Immigrant Generations: Implications for Assessing the Socioeconomic Integration of Hispanics and Asians

Brian Duncan and Stephen Trejo

21981: Does Government Intervention Affect Banking Globalization?

Anya Kleymenova, Andrew Rose and Tomasz Wieladek

21980: Health Capacity to Work at Older Ages: Evidence from the United Kingdom

James Banks, Carl Emmerson and Gemma Tetlow

21979: Conditional PPP and Real Exchange Rate Convergence in the Euro Area

Paul Bergin, Reuven Glick and Jyh-Lin Wu

21978: Macroeconomic Shocks and Their Propagation

Valerie Ramey

21977: Financial Markets’ Views about the Euro-Swiss Franc Floor

Urban Jermann

21976: Work Capacity at Older Ages in the Netherlands

Adriaan Kalwij, Arie Kapteyn and Klaas de Vos

21975: Growth through Rigidity: An Explanation for the Rise in CEO Pay

Kelly Shue and Richard Townsend

21974: Challenges to Mismeasurement Explanations for the U.S. Productivity Slowdown

Chad Syverson

21973: Health Capacity to Work at Older Ages: Evidence from Spain

Pilar Garcia-Gomez, Sergi Jimenez-Martin and Judit Vall Castello

21972: Healthy, Happy and Idle: Estimating the Health Capacity to Work at Older Ages in Germany

Hendrik Jürges, Lars Thiel and Axel Börsch-Supan

21971: Health Capacity to Work at Older Ages: Evidence from Japan

Emiko Usui, Satoshi Shimizutani and Takashi Oshio

21970: Work Capacity and Longer Working Lives in Belgium

Alain Jousten and Mathieu Lefebvre

21969: Health, Work Capacity and Retirement in Sweden

Per Johansson, Lisa Laun and Mårten Palme

21968: Who Did the Ethanol Tax Credit Benefit? An Event Analysis of Subsidy Incidence

David A. Bielen, Richard Newell and William Pizer

21967: Accounting for the Rise in College Tuition

Grey Gordon and Aaron Hedlund

21966: What Forces Dictate the Design of Pollution Monitoring Networks?

Nicholas Muller and Paul Ruud

21965: Wage Inequality and Cognitive Skills: Re-Opening the Debate

Stijn Broecke, Glenda Quintini and Marieke Vandeweyer

21964: Patents and Innovation in Economic History

Petra Moser

21963: The Limits of Meritocracy: Screening Bureaucrats Under Imperfect Verifiability

Juan Carlos Suárez Serrato, Xiao Yu Wang and Shuang Zhang

21962: Partners in Crime: Schools, Neighborhoods and the Formation of Criminal Networks

Stephen Billings, David Deming and Stephen Ross

21961: Using Lagged Outcomes to Evaluate Bias in Value-Added Models

Raj Chetty, John Friedman and Jonah Rockoff

21960: A Jury of Her Peers: The Impact of the First Female Jurors on Criminal Convictions

Shamena Anwar, Patrick Bayer and Randi Hjalmarsson

21959: The Bright Side of Patents

Joan Farre-Mensa, Deepak Hegde and Alexander Ljungqvist

21958: Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015

Carmen Reinhart, Vincent Reinhart and Christoph Trebesch

21957: The Effects of Trade Policy

Pinelopi Goldberg and Nina Pavcnik

21956: The Aggregate Implications of Regional Business Cycles

Martin Beraja, Erik Hurst and Juan Ospina-Tejeiro

21955: Financial Frictions and Unconventional Monetary Policy in Emerging Economies

Roberto Chang and Andrés Velasco

21954: Japanization: Is it Endemic or Epidemic?

Takatoshi Ito

21953: Supply and Demand for Discrimination: Strategic Revelation of Own Characteristics in a Trust Game

Anthony Heyes and John List

21952: Bankruptcy and Investment: Evidence from Changes in Marital Property Laws in the U.S. South, 1840-1850

Peter Koudijs and Laura Salisbury

21951: To Borrow or Not to Borrow? An Analysis of University Leverage Decisions

Harvey Rosen and Alexander J. W. Sappington

21950: Net Neutrality: A Fast Lane to Understanding the Trade-offs

Shane Greenstein, Martin Peitz and Tommaso Valletti

21949: Appliance Ownership and Aspirations among Electric Grid and Home Solar Households in Rural Kenya

Kenneth Lee, Edward Miguel and Catherine Wolfram

21948: Political Economy of Sovereign Debt: A Theory of Cycles of Populism and Austerity

Alessandro Dovis, Mikhail Golosov and Ali Shourideh

21947: Separate and Unequal in the Labor Market: Human Capital and the Jim Crow Wage Gap

Celeste Carruthers and Marianne Wanamaker

21946: Parental Influences on Health and Longevity: Lessons from a Large Sample of Adoptees

Mikael Lindahl, Evelina Lundberg, Mårten Palme and Emilia Simeonova

21945: Overconfident Investors, Predictable Returns, and Excessive Trading

Kent Daniel and David Hirshleifer

21944: Extrapolation and Bubbles

Nicholas Barberis, Robin Greenwood, Lawrence Jin and Andrei Shleifer

21943: Unanimous Rules in the Laboratory

Laurent Bouton, Aniol Llorente-Saguer and Frederic Malherbe

21942: A Simple Model of Subprime Borrowers and Credit Growth

Alejandro Justiniano, Giorgio Primiceri and Andrea Tambalotti

21941: Immigration to the U.S.: A problem for the Republicans or the Democrats?

Anna Maria Mayda, Giovanni Peri and Walter Steingress

21940: Health Capacity to Work at Older Ages: Evidence from the U.S

Courtney Coile, Kevin Milligan and David Wise

21939: Social Security and Retirement Programs Around the World: The Capacity to Work at Older Ages – Introduction and Summary

Courtney Coile, Kevin Milligan and David Wise

21938: Strong Sterling Pound and Weak European Currencies in the Crises: Evidence from Covered Interest Parity of Secured Rates

Shin-ichi Fukuda

21937: The Effect of Smoking on Obesity: Evidence from a Randomized Trial

Charles Courtemanche, Rusty Tchernis and Benjamin Ukert

21936: Childhood Environment and Gender Gaps in Adulthood

Raj Chetty, Nathaniel Hendren, Frina Lin, Jeremy Majerovitz and Benjamin Scuderi

21935: How Exporters Grow

Doireann Fitzgerald, Stefanie Haller and Yaniv Yedid-Levi

21934: Starting Small: Endogenous Stakes and Rational Cooperation

James Andreoni, Michael Kuhn and Larry Samuelson

21933: Obama, Katrina, and the Persistence of Racial Inequality

Robert Margo

21932: State Capacity and American Technology: Evidence from the 19th Century

Daron Acemoglu, Jacob Moscona and James Robinson

21931: Relative Price Dispersion: Evidence and Theory

Greg Kaplan, Guido Menzio, Leena Rudanko and Nicholas Trachter

21930: Healing the Poor: The Influence of Patient Socioeconomic Status on Physician Supply Responses

Alice Chen and Darius Lakdawalla

21928: Taxation, Corruption, and Growth

Philippe Aghion, Ufuk Akcigit, Julia Cagé and William Kerr

21927: Positive and Normative Judgments Implicit in U.S. Tax Policy, and the Costs of Unequal Growth and Recessions

Benjamin Lockwood and Matthew Weinzierl

21926: Raising the Bar for College Admission: North Carolina’s Increase in Minimum Math Course Requirements

Charles Clotfelter, Steven W. Hemelt and Helen Ladd

21925: How Successful Was the New Deal? The Microeconomic Impact of New Deal Spending and Lending Policies in the 1930s

Price Fishback

21924: Skewed Wealth Distributions: Theory and Empirics

Jess Benhabib and Alberto Bisin

21923: Not Working at Work: Loafing, Unemployment and Labor Productivity

Michael Burda, Katie R. Genadek and Daniel Hamermesh

21922: Teacher Turnover, Teacher Quality, and Student Achievement in DCPS

Melinda Adnot, Thomas Dee, Veronica Katz and James Wyckoff

21921: Overconfidence and Occupational Choice

Edward Lazear

21920: Intermediary Asset Pricing: New Evidence from Many Asset Classes

Zhiguo He, Bryan Kelly and Asaf Manela

21919: Dynamic Debt Maturity

Zhiguo He and Konstantin Milbradt

21918: Australia Farewell: Predictors of Emigration in the 2000s

Richard Burkhauser, Markus Hahn, Matthew Hall and Nicole Watson

21917: The Implications of Richer Earnings Dynamics for Consumption and Wealth

Mariacristina De Nardi, Giulio Fella and Gonzalo Paz-Pardo

21916: Housing Inequality

David Albouy and Mike Zabek

21915: Guns, Latrines, and Land Reform: Private Expectations and Public Policy

Michael Kremer and Jack Willis

21914: Life-Cycle Human Capital Accumulation Across Countries: Lessons From U.S. Immigrants

David Lagakos, Benjamin Moll, Tommaso Porzio, Nancy Qian and Todd Schoellman

21913: The Gender Wage Gap: Extent, Trends, and Explanations

Francine Blau and Lawrence Kahn

21912: Is California More Energy Efficient than the Rest of the Nation? Evidence from Commercial Real Estate

Matthew Kahn, Nils Kok and Peng Liu

21911: How Collateral Laws Shape Lending and Sectoral Activity

Charles Calomiris, Mauricio Larrain, Jose Liberti and Jason Sturgess