NBER Working Papers

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21761: Divorce: What Does Learning Have to Do with It?

Ioana Marinescu

21760: State Taxes and Spatial Misallocation

Pablo Fajgelbaum, Eduardo Morales, Juan Carlos Suárez Serrato and Owen Zidar

21759: Information Frictions and Adverse Selection: Policy Interventions in Health Insurance Markets

Benjamin R. Handel, Jonathan Kolstad and Johannes Spinnewijn

21758: An Experimental Study of Decentralized Link Formation with Competition

Margherita Comola and Marcel Fafchamps

21757: Optimal Income Taxation with Unemployment and Wage Responses: A Sufficient Statistics Approach

Kory Kroft, Kavan J. Kucko, Etienne Lehmann and Johannes Schmieder

21756: Immigrants and Gender Roles: Assimilation vs. Culture

Francine Blau

21755: Tax Revenue Trends in Asia and Latin America: A Comparative Analysis

Joshua Aizenman, Yothin Jinjarak, Jungsuk Kim and Donghyun Park

21754: Citations in Economics: Measurement, Uses and Impacts

Daniel Hamermesh

21753: The Dynamics of Comparative Advantage

Gordon Hanson, Nelson Lind and Marc-Andreas Muendler

21752: Get With the Program: Software-Driven Innovation in Traditional Manufacturing

Lee Branstetter, Matej Drev and Namho Kwon

21751: Economics of Means-Tested Transfer Programs: Introduction

Robert Moffitt

21750: Forward Guidance in the Yield Curve: Short Rates versus Bond Supply

Robin Greenwood, Samuel Hanson and Dimitri Vayanos

21749: A Demand System Approach to Asset Pricing

Ralph Koijen and Motohiro Yogo

21748: Leveraging Lotteries for School Value-Added: Testing and Estimation

Joshua Angrist, Peter Hull, Parag Pathak and Christopher Walters

21747: Paid Family Leave, Fathers’ Leave-Taking, and Leave-Sharing in Dual-Earner Households

Ann Bartel, Maya Rossin-Slater, Christopher Ruhm, Jenna Stearns and Jane Waldfogel

21746: The Relationship between Establishment Training and the Retention of Older Workers: Evidence from Germany

Peter B. Berg, Mary K. Hamman, Matthew M. Piszczek and Christopher Ruhm

21745: Short-run Effects of Parental Job Loss on Child Health

Jessamyn Schaller and Mariana Zerpa

21744: Bad Investments and Missed Opportunities? Postwar Capital Flows to Asia and Latin America

Lee Ohanian, Paulina Restrepo-Echavarria and Mark Wright

21743: Agency Business Cycles

Mikhail Golosov and Guido Menzio

21742: Lessons Learned from Three Decades of Experience with Cap-and-Trade

Richard Schmalensee and Robert Stavins

21741: Identifying the Cost of a Public Health Success: Arsenic Well Water Contamination and Productivity in Bangladesh

Mark Pitt, Mark Rosenzweig and Nazmul Hassan

21740: Human Capital Development and Parental Investment in India

Orazio Attanasio, Costas Meghir and Emily Nix

21739: Regulation and Market Liquidity

Francesco Trebbi and Kairong Xiao

21738: Sign Restrictions in Bayesian FaVARs with an Application to Monetary Policy Shocks

Pooyan Amir Ahmadi and Harald Uhlig

21737: Self-Oriented Monetary Policy, Global Financial Markets and Excess Volatility of International Capital Flows

Ryan Banerjee, Michael Devereux and Giovanni Lombardo

21736: Declining Wealth and Work Among Male Veterans in the Health and Retirement Study

Alan Gustman, Thomas L. Steinmeier and Nahid Tabatabai

21735: Global Collaborative Patents

Sari Pekkala Kerr and William Kerr

21734: Explaining Foreign Holdings of Asia's Debt Securities: The Feldstein-Horioka Paradox Revisited

Charles Horioka, Akiko Hagiwara and Takaaki Nomoto

21733: Job Creation, Small vs. Large vs. Young, and the SBA

J. David Brown, John Earle and Yana Morgulis

21732: Dynamics of the U.S. Price Distribution

David Berger and Joseph Vavra

21731: Dynamic Directed Random Matching

Darrell Duffie, Lei Qiao and Yeneng Sun

21730: Piketty's Book and Macro Models of Wealth Inequality

Mariacristina De Nardi, Giulio Fella and Fang Yang

21729: Gentrification and the Rising Returns to Skill

Lena Edlund, Cecilia Machado and Maria Micaela Sviatschi

21728: Common Currency versus Currency Union: The U.S. Continental Dollar and Denominational Structure, 1775-1776

Farley Grubb

21727: Access to Schooling and the Black-White Incarceration Gap in the Early 20th Century US South: Evidence from Rosenwald Schools

Katherine Eriksson

21726: Inflation and Activity – Two Explorations and their Monetary Policy Implications

Olivier Blanchard, Eugenio Cerutti and Lawrence Summers

21725: It’s About Time: Effects of the Affordable Care Act Dependent Coverage Mandate On Time Use

Gregory Colman and Dhaval Dave

21724: The Option Value of Human Capital: Higher Education and Wage Inequality

Sang Yoon (Tim) Lee, Yongseok Shin and Donghoon Lee

21723: Impacts of Being Downwind of a Coal-Fired Power Plant on Infant Health at Birth: Evidence from the Precedent-Setting Portland Rule

Muzhe Yang and Shin-Yi Chou

21722: US Monetary Policy and the Global Financial Cycle

Silvia Miranda-Agrippino and Helene Rey

21721: Wealth Distribution and Social Mobility in the US: A Quantitative Approach

Jess Benhabib, Alberto Bisin and Mi Luo

21720: Insiders and Outsiders: Local Ethnic Politics and Public Goods Provision

Kaivan Munshi and Mark Rosenzweig

21719: The Tail that Wags the Economy: Beliefs and Persistent Stagnation

Julian Kozlowski, Laura Veldkamp and Venky Venkateswaran

21718: Nonlinear Pricing in Village Economies

Orazio Attanasio and Elena Pastorino

21717: Measuring and Changing Control: Women’s Empowerment and Targeted Transfers

Ingvild Almås, Alex Armand, Orazio Attanasio and Pedro Carneiro

21716: RMBI or RMBR: Is the Renminbi Destined to Become a Global or Regional Currency?

Barry Eichengreen and Domenico Lombardi

21715: How Strong are Ethnic Preferences?

Lars Ivar Oppedal Berge, Kjetil Bjorvatn, Simon Galle, Edward Miguel, Daniel N. Posner, Bertil Tungodden and Kelly Zhang

21714: Prescription Drug Advertising and Drug Utilization: The Role of Medicare Part D

Abby Alpert, Darius Lakdawalla and Neeraj Sood

21713: Work and Consumption in an Era of Unbalanced Technological Advance

Benjamin M. Friedman

21712: Host-MNC Relations in Resource-Rich Countries

Graciela Chichilnisky and Geoffrey Heal

21711: Climate Engineering Economics

Garth Heutel, Juan Moreno-Cruz and Katharine Ricke

21710: Central bank Credibility Before and After the Crisis

Michael Bordo and Pierre Siklos

21709: Discretion in Hiring

Mitchell Hoffman, Lisa Kahn and Danielle Li

21708: Work Incentives in the Social Security Disability Benefit Formula

Gopi Goda, John B. Shoven and Sita Slavov

21707: Business Groups in Canada: Their Rise and Fall, and Rise and Fall Again

Randall Morck and Gloria Y. Tian

21706: Commuting, Migration and Local Employment Elasticities

Ferdinando Monte, Stephen Redding and Esteban Rossi-Hansberg

21705: Research Design Meets Market Design: Using Centralized Assignment for Impact Evaluation

Atila Abdulkadiroglu, Joshua Angrist, Yusuke Narita and Parag Pathak

21704: Mobile Messaging for Offline Group Formation in Prosocial Activities: A Large Field Experiment

Tianshu Sun, Guodong (Gordon) Gao and Ginger Zhe Jin

21703: Why did the Democrats Lose the South? Bringing New Data to an Old Debate

Ilyana Kuziemko and Ebonya Washington

21702: Training and Search On the Job

Rasmus Lentz and Nicolas Roys

21701: How Do Right-To-Carry Laws Affect Crime Rates? Coping With Ambiguity Using Bounded-Variation Assumptions

Charles Manski and John Pepper

21700: Momentum in Imperial Russia

William Goetzmann and Simon Huang

21699: Immigration, Human Capital Formation and Endogenous Economic Growth

Isaac Ehrlich and Jinyoung Kim

21698: Which Alpha?

Francisco Barillas and Jay Shanken

21697: Caloric Requirements and Food Consumption Patterns of the Poor

Shari Eli and Nicholas Li

21696: Size Discovery

Darrell Duffie and Haoxiang Zhu

21695: Overconfidence And Preferences For Competition

Ernesto Reuben, Paola Sapienza and Luigi Zingales

21694: The U.S. Debt Restructuring of 1933: Consequences and Lessons

Sebastian Edwards, Francis Longstaff and Alvaro Garcia-Marin

21693: Bubble Investing: Learning from History

William Goetzmann

21692: Unequal Bequests

Marco Francesconi, Robert Pollak and Domenico Tabasso

21691: Contracting and the Division of the Gains from Trade

Andrew Bernard and Swati Dhingra

21690: Enlarging the Contracting Space: Collateral Menus, Access to Credit, and Economic Activity

Murillo Campello and Mauricio Larrain

21689: Factors Determining Callbacks to Job Applications by the Unemployed: An Audit Study

Henry S. Farber, Dan Silverman and Till von Wachter

21688: Greek Budget Realities: No Easy Options

Christopher House and Linda Tesar

21687: Where Does Voucher Funding Go? How Large-Scale Subsidy Programs Affect Private-School Revenue, Enrollment, and Prices

Daniel Hungerman and Kevin Rinz

21686: The Choice Channel of Financial Innovation

Felipe Iachan, Plamen T. Nenov and Alp Simsek

21685: Asymmetry of Information within Family Networks

Joachim De Weerdt, Garance Genicot and Alice Mesnard

21684: Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System

Charles Calomiris, Matthew Jaremski, Haelim Park and Gary Richardson

21683: Rosca Meets Formal Credit Market

Hanming Fang, Rongzhu Ke and Li-An Zhou

21682: What Determines End-of-Life Assets? A Retrospective View

James Poterba, Steven Venti and David Wise

21681: Maybe Next Month? Temperature Shocks, Climate Change, and Dynamic Adjustments in Birth Rates

Alan Barreca, Olivier Deschenes and Melanie Guldi

21680: Fiscal Stimulus in Economic Unions: What Role for States?

Gerald Carlino and Robert P. Inman

21679: Pricing with Limited Knowledge of Demand

Maxime C. Cohen, Georgia Perakis and Robert Pindyck

21678: Patent Assertions: Are We Any Closer to Aligning Reward to Contribution?

Fiona Scott Morton and Carl Shapiro

21677: Comparative Advantage, International Trade, and Fertility

Quy-Toan Do, Andrei Levchenko and Claudio Raddatz

21676: Using Linked Survey and Administrative Data to Better Measure Income: Implications for Poverty, Program Effectiveness and Holes in the Safety Net

Bruce Meyer and Nikolas Mittag

21675: Do Employers Prefer Migrant Workers? Evidence from a Chinese Job Board

Peter Kuhn and Kailing Shen

21674: The Welfare Gains from Macro-Insurance Against Natural Disasters

Eduardo Borensztein, Eduardo Cavallo and Olivier Jeanne

21673: Windfall Gains and Stock Market Participation

Joseph Briggs, David Cesarini, Erik Lindqvist and Robert Östling

21672: Economic Cycles in Ancient China

Yaguang Zhang, Guo Fan and John Whalley

21671: The Welfare Effects of Nudges: A Case Study of Energy Use Social Comparisons

Hunt Allcott and Judd B. Kessler

21670: Global Imbalances and Policy Wars at the Zero Lower Bound

Ricardo Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas

21669: Is It Harder for Older Workers to Find Jobs? New and Improved Evidence from a Field Experiment

David Neumark, Ian Burn and Patrick Button

21668: Income Inequality and Asset Prices under Redistributive Taxation

Lubos Pastor and Pietro Veronesi

21667: House Prices and Consumer Spending

David Berger, Veronica Guerrieri, Guido Lorenzoni and Joseph Vavra

21666: How Do Patents Affect Follow-On Innovation? Evidence from the Human Genome

Bhaven Sampat and Heidi Williams

21665: Do Employer Pension Contributions Reflect Employee Preferences? Evidence from a Retirement Savings Reform in Denmark

Itzik Fadlon, Jessica A. Laird and Torben Nielsen

21664: The Pitfalls of External Dependence: Greece, 1829-2015

Carmen Reinhart and Christoph Trebesch

21663: Local Instruments, Global Extrapolation: External Validity of the Labor Supply-Fertility Local Average Treatment Effect

James Bisbee, Rajeev Dehejia, Cristian Pop-Eleches and Cyrus Samii

21662: Exchange Market Pressure in OECD and Emerging Economies: Domestic vs. External Factors and Capital Flows in the Old and New Normal

Joshua Aizenman and Mahir Binici