NBER Working Papers

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21381: Learning and (or) Doing: Human Capital Investments and Optimal Taxation

Stefanie Stantcheva

21380: Academics as Economic Advisers: Gold, the ‘Brains Trust,’ and FDR

Sebastian Edwards

21379: Does Protecting Older Workers from Discrimination Make It Harder to Get Hired? Evidence from Disability Discrimination Laws

David Neumark, Joanne Song and Patrick Button

21378: The Birth of Edge Cities in China: Measuring the Spillover Effects of Industrial Parks

Siqi Zheng, Weizeng Sun, Jianfeng Wu and Matthew Kahn

21377: Growth and Trade with Frictions: A Structural Estimation Framework

James Anderson, Mario Larch and Yoto Yotov

21376: Multidimensional Skill Mismatch

Fatih Guvenen, Burhanettin Kuruscu, Satoshi Tanaka and David Wiczer

21375: Inventing Prizes: A Historical Perspective on Innovation Awards and Technology Policy

B. Zorina Khan

21374: How was the Weekend? How the Social Context Underlies Weekend Effects in Happiness and other Emotions for US Workers

John Helliwell and Shun Wang

21373: Broadening State Capacity

Traviss Cassidy, Mark Dincecco and Ugo antonio Troiano

21372: Military Officer Quality in the All-Volunteer Force

Matthew F. Cancian and Michael Klein

21371: The Intergenerational Transmission of War

Filipe Campante and David Yanagizawa-Drott

21370: The Elusive Pro-Competitive Effects of Trade

Costas Arkolakis, Arnaud Costinot, Dave Donaldson and Andres Rodriguez-Clare

21369: Why Don't Households Smooth Consumption? Evidence from a 25 Million Dollar Experiment

Jonathan Parker

21368: Apply Yourself: Racial and Ethnic Differences in College Application

Sandra Black, Kalena E. Cortes and Jane Arnold Lincove

21367: The Effect of Post-and-Hold Laws on Alcohol Consumption

Henry Saffer and Markus Gehrsitz

21366: The Rise of Domestic Outsourcing and the Evolution of the German Wage Structure

Deborah Goldschmidt and Johannes Schmieder

21365: Accounting for Adaptation in the Economics of Happiness

Miles Kimball, Ryan Nunn and Dan Silverman

21364: When Is Social Responsibility Socially Desirable?

Jean-Etienne de Bettignies and David Robinson

21363: The Dynamics of Inequality

Xavier Gabaix, Jean-Michel Lasry, Pierre-Louis Lions and Benjamin Moll

21362: The Private Ordering Solution to Multiforum Shareholder Litigation

Roberta Romano and Sarath Sanga

21361: Long Run Effects of Temporary Incentives on Medical Care Productivity

Pablo Celhay, Paul Gertler, Paula Giovagnoli and Christel Vermeersch

21360: Economic and Social Impacts of the Media

Stefano DellaVigna and Eliana La Ferrara

21359: Who Needs a Fracking Education? The Educational Response to Low-Skill Biased Technological Change

Elizabeth Cascio and Ayushi Narayan

21358: Fiscal Policies and the Prices of Labor: A Comparison of the U.K. and U.S

Casey Mulligan

21357: Why the Referential Treatment: Evidence from Field Experiments on Referrals

Amanda Pallais and Emily Glassberg Sands

21356: Precautionary Savings, Retirement Planning and Misperceptions of Financial Literacy

Anders Anderson, Forest Baker and David Robinson

21355: Solar Geoengineering, Uncertainty, and the Price of Carbon

Garth Heutel, Juan Moreno-Cruz and Soheil Shayegh

21354: Birth Weight in the Long Run

Prashant Bharadwaj, Petter Lundborg and Dan-Olof Rooth

21353: Health and Unemployment during Macroeconomic Crises

Prashant Bharadwaj, Petter Lundborg and Dan-Olof Rooth

21352: Family Labor Supply Responses to Severe Health Shocks

Itzik Fadlon and Torben Nielsen

21351: What do Exporters Know?

Michael J. Dickstein and Eduardo Morales

21350: The Antecedents and Aftermath of Financial Crises as told by Carlos F. Díaz Alejandro

Carmen Reinhart

21349: Capital Markets in China and Britain, 18th and 19th Century: Evidence from Grain Prices

Wolfgang Keller, Carol Shiue and Xin Wang

21348: The Long-Term Consequences of Vietnam-Era Conscription and Genotype on Smoking Behavior and Health

Lauren Schmitz and Dalton Conley

21347: Top Incomes in Canada: Evidence from the Census

Thomas Lemieux and W. Craig Riddell

21346: Evaluating the Risk of Chinese Housing Markets: What We Know and What We Need to Know

Jing Wu, Joseph Gyourko and Yongheng Deng

21345: Do Medical Marijuana Laws Reduce Addictions and Deaths Related to Pain Killers?

David Powell, Rosalie Pacula and Mireille Jacobson

21344: Networks and the Macroeconomy: An Empirical Exploration

Daron Acemoglu, Ufuk Akcigit and William Kerr

21343: The Pass-Through of RIN Prices to Wholesale and Retail Fuels under the Renewable Fuel Standard

Christopher Knittel, Ben Meiselman and James Stock

21342: The Private Net Benefits of Residential Solar PV: The Role of Electricity Tariffs, Tax Incentives and Rebates

Severin Borenstein

21341: Protecting Financial Stability in the Aftermath of World War I: The Federal Reserve Bank of Atlanta's Dissenting Policy

Eugene White

21340: Effective Policy for Reducing Inequality? The Earned Income Tax Credit and the Distribution of Income

Hilary Hoynes and Ankur J. Patel

21339: The Effect of Savings Accounts on Interpersonal Financial Relationships: Evidence from a Field Experiment in Rural Kenya

Pascaline Dupas, Anthony Keats and Jonathan Robinson

21338: A Theory of Civil Disobedience

Edward Glaeser and Cass Sunstein

21337: Healthy(?), Wealthy and Wise: Birth Order and Adult Health

Sandra Black, Paul Devereux and Kjell G Salvanes

21336: Time Consistency and the Duration of Government Debt: A Signalling Theory of Quantitative Easing

Saroj Bhattarai, Gauti Eggertsson and Bulat Gafarov

21335: The Development of Corporate Governance in Toulouse: 1372-1946

David Le Bris, William Goetzmann and Sébastien Pouget

21334: Banks' Risk Exposures

Juliane Begenau, Monika Piazzesi and Martin Schneider

21333: From Financial Repression to External Distress: The Case of Venezuela

Carmen Reinhart and Miguel Santos

21332: On the Origins of Risk-Taking

Sandra Black, Paul Devereux, Petter Lundborg and Kaveh Majlesi

21331: Do Energy Efficiency Investments Deliver? Evidence from the Weatherization Assistance Program

Meredith Fowlie, Michael Greenstone and Catherine Wolfram

21330: (Un)Informed College and Major Choice: Evidence from Linked Survey and Administrative Data

Justine Hastings, Christopher Neilson, Anely Ramirez and Seth Zimmerman

21329: Backtesting Strategies Based on Multiple Signals

Robert Novy-Marx

21328: Mandatory Disclosure and Financial Contagion

Fernando Alvarez and Gadi Barlevy

21327: The Measurement of Wealth: Recessions, Sustainability and Inequality

Joseph Stiglitz

21326: Does Retirement Improve Health and Life Satisfaction?

Aspen Gorry, Devon Gorry and Sita Slavov

21325: Mining with Environmental Risk

Christopher Costello and Charles Kolstad

21324: Governance and the Effectiveness of Public Health Subsidies

Rebecca Dizon-Ross, Pascaline Dupas and Jonathan Robinson

21323: The Taxation of Superstars

Florian Scheuer and Iván Werning

21322: The Optimal Use of Government Purchases for Stabilization

Pascal Michaillat and Emmanuel Saez

21321: Usage-Based Pricing and Demand for Residential Broadband

Aviv Nevo, John Turner and Jonathan W. Williams

21320: Loan Originations and Defaults in the Mortgage Crisis: Further Evidence

Manuel Adelino, Antoinette Schoar and Felipe Severino

21319: The Labor Market Effects of Opening the Border: Evidence from Switzerland

Andreas Beerli and Giovanni Peri

21318: The Elasticity of Substitution Between Time and Market Goods: Evidence from the Great Recession

Aviv Nevo and Arlene Wong

21317: Health Disparities Across Education: The Role of Differential Reporting Error

John Cawley and Anna Choi

21316: Government Economic Policy, Sentiments, and Consumption

Atif Mian, Amir Sufi and Nasim Khoshkhou

21315: Aggregating Elasticities: Intensive and Extensive Margins of Female Labour Supply

Orazio Attanasio, Peter Levell, Hamish Low and Virginia Sanchez-Marcos

21314: Relaxing Migration Constraints for Rural Households

Cynthia Kinnan, Shing-Yi Wang and Yongxiang Wang

21313: Exact P-values for Network Interference

Susan Athey, Dean Eckles and Guido Imbens

21312: Solving Shortage in a Priceless Market: Insights from Blood Donation

Tianshu Sun, Susan Feng Lu and Ginger Zhe Jin

21311: Cigarette Taxes and Youth Smoking: Updated Estimates Using YRBS Data

Benjamin Hansen, Joseph J. Sabia and Daniel Rees

21310: The Returns to Microenterprise Support Among the Ultra-Poor: A Field Experiment in Post-War Uganda

Christopher Blattman, Eric P. Green, Julian C. Jamison, M. Christian Lehmann and Jeannie Annan

21309: Two-sided Altruism and Signaling

Garance Genicot

21308: The Value of Medicaid: Interpreting Results from the Oregon Health Insurance Experiment

Amy Finkelstein, Nathaniel Hendren and Erzo Luttmer

21307: Technological Change, Occupational Tasks and Declining Immigrant Outcomes: Implications for Earnings and Income Inequality in Canada

Casey Warman and Christopher Worswick

21306: ICT and Education: Evidence from Student Home Addresses

Benjamin Faber, Rosa Sanchis-Guarner and Felix Weinhardt

21305: Risk and Risk Management in the Credit Card Industry

Florentin Butaru, QingQing Chen, Brian Clark, Sanmay Das, Andrew Lo and Akhtar Siddique

21304: Beyond Statistics: The Economic Content of Risk Scores

Liran Einav, Amy Finkelstein, Raymond Kluender and Paul Schrimpf

21303: Is the WTO passé?

Kyle Bagwell, Chad Bown and Robert Staiger

21302: Can Bureaucrats Really Be Paid Like CEOs? School Administrator Incentives for Anemia Reduction in Rural China

Renfu Luo, Grant Miller, Scott Rozelle, Sean Sylvia and Marcos Vera-Hernandez

21301: Self-Protection Investment Exacerbates Air Pollution Exposure Inequality in Urban China

Siqi Zheng, Cong Sun and Matthew Kahn

21300: The Effects of Earnings Disclosure on College Enrollment Decisions

Justine Hastings, Christopher Neilson and Seth Zimmerman

21299: Assessing the Effects of the MFA/ATC from US and World Trade Data after Its Removal

Daqing Yao and John Whalley

21298: Subsidy Design in Privately-Provided Social Insurance: Lessons from Medicare Part D

Francesco Decarolis, Maria Polyakova and Stephen Ryan

21297: Why Work More? The Impact of Taxes, and Culture of Leisure on Labor Supply in Europe

Naci Mocan and Luiza Pogorelova

21296: Recent Declines in Labor's Share in US Income: A Preliminary Neoclassical Account

Robert Lawrence

21295: Knowledge Capital and Aggregate Income Differences: Development Accounting for U.S. States

Eric Hanushek, Jens Ruhose and Ludger Woessmann

21294: Sentiments, Financial Markets, and Macroeconomic Fluctuations

Jess Benhabib, Xuewen Liu and Pengfei Wang

21293: Illinois Pensions in a Fiscal Context: A (Basket) Case Study

Jeffrey Brown and Richard F. Dye

21292: On the Effect of the Costs of Operating Formally: New Experimental Evidence

Sebastian Galiani, Marcela Meléndez and Camila Navajas-Ahumada

21291: Environmental Benefits from Driving Electric Vehicles?

Stephen Holland, Erin Mansur, Nicholas Muller and Andrew Yates

21290: Hospitals as Insurers of Last Resort

Craig Garthwaite, Tal Gross and Matthew Notowidigdo

21289: Can Employment Reduce Lawlessness and Rebellion? A Field Experiment with High-Risk Men in a Fragile State

Christopher Blattman and Jeannie Annan

21288: Compassion or Cash: Evaluating Survey Response Incentives and Valuing Public Goods

V. Smith, Sharon L. Harlan, Michael McLaen, Jacob Fishman, Carlos Valcarcel and Marcia Nation

21287: Growing Up to Stability? Financial Globalization, Financial Development and Financial Crises

Michael Bordo and Christopher Meissner

21286: Dark Trading at the Midpoint: Pricing Rules, Order Flow, and High Frequency Liquidity Provision

Robert P. Bartlett, III and Justin McCrary

21285: Cheap Talk, Round Numbers, and the Economics of Negotiation

Matthew Backus, Thomas Blake and Steven Tadelis

21284: The Accumulation of Human and Nonhuman Capital, Revisited

Barbara M. Fraumeni, Michael S. Christian and Jon D. Samuels

21283: Choosing a Human Capital Measure: Educational Attainment Gaps and Rankings

Barbara M. Fraumeni

21282: Core Inflation and Trend Inflation

James Stock and Mark Watson