NBER Working Papers

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19879: Risk Aversion and the Desirability of Attenuated Legal Change

Steven Shavell

19878: Tobacco Control Campaign in Uruguay: Impact on Smoking Cessation during Pregnancy

Jeffrey E. Harris, Ana Balsa and Patricia Triunfo

19877: The Morphology of Price Dispersion

Greg Kaplan and Guido Menzio

19876: Revealed Preference, Rational Inattention, and Costly Information Acquisition

Andrew Caplin and Mark Dean

19875: Testing for Information Asymmetries in Real Estate Markets

Pablo Kurlat and Johannes Stroebel

19874: Present-Bias, Procrastination and Deadlines in a Field Experiment

Alberto Bisin and Kyle Hyndman

19873: Trial and Settlement: A Study of High-Low Agreements

J.J. Prescott, Kathryn E. Spier and Albert Yoon

19872: Intra-national Trade Costs: Measurement and Aggregation

Delina Agnosteva, James Anderson and Yoto Yotov

19871: High Discounts and High Unemployment

Robert Hall

19870: A Contribution to the Empirics of Reservation Wages

Alan Krueger and Andreas Mueller

19869: Divorce Risk, Wages, and Working Wives: A Quantitative Life-Cycle Analysis of Female Labor Force Participation

Raquel Fernandez and Joyce C. Wong

19868: Political Reservations and Women's Entrepreneurship in India

Ejaz Ghani, William Kerr and Stephen O'Connell

19867: Management Practices, Relational Contracts, and the Decline of General Motors

Susan Helper and Rebecca Henderson

19866: Age and Scientific Genius

Benjamin Jones, E.J. Reedy and Bruce Weinberg

19865: Exporter Dynamics, Firm Size and Growth, and Partial Year Effects

Andrew Bernard, Renzo Massari, José-Daniel Reyes and Daria Taglioni

19864: How Risky Are Recessions for Top Earners?

Fatih Guvenen, Greg Kaplan and Jae Song

19863: Loose Knots: Strong versus Weak Commitments to Save for Education in Uganda

Dean Karlan and Leigh Linden

19862: The (Surprising) Efficacy of Academic and Behavioral Intervention with Disadvantaged Youth: Results from a Randomized Experiment in Chicago

Philip J Cook, Kenneth Dodge, George Farkas, Roland Fryer, Jonathan Guryan, Jens Ludwig, Susan Mayer, Harold Pollack and Laurence Steinberg

19861: American Colonial Incomes, 1650-1774

Peter Lindert and Jeffrey Williamson

19860: How Johnson Fought the War on Poverty: The Economics and Politics of Funding at the Office of Economic Opportunity

Martha Bailey and Nicolas Duquette

19859: Demand Modeling, Forecasting, and Counterfactuals, Part I

Parag Pathak and Peng Shi

19858: Every Breath You Take - Every Dollar You'll Make: The Long-Term Consequences of the Clean Air Act of 1970

Adam Isen, Maya Rossin-Slater and Reed Walker

19857: Breaking the Link Between Legal Access to Alcohol and Motor Vehicle Accidents: Evidence from New South Wales

Jason Lindo, Peter Siminski and Oleg Yerokhin

19856: Equilibrium Health Spending and Population Aging in a Model of Endogenous Growth - Will the GDP Share of Health Spending Keep Rising?

Isaac Ehrlich and Yong Yin

19855: How Durable are Social Norms? Immigrant Trust and Generosity in 132 Countries

John Helliwell, Shun Wang and Jinwen Xu

19854: International Liquidity and Exchange Rate Dynamics

Xavier Gabaix and Matteo Maggiori

19853: China's Regional and Bilateral Trade Agreements

Chunding Li, Jing Wang and John Whalley

19852: Managing Innovation in a Crowd

Daron Acemoglu, Mohamed Mostagir and Asuman Ozdaglar

19851: Equalizing Superstars: The Internet and the Democratization of Education

Daron Acemoglu, David Laibson and John List

19850: Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data

Olivier Coibion, Yuriy Gorodnichenko, Marianna Kudlyak and John Mondragon

19849: Anatomy of a Contract Change

Rajshri Jayaraman, Debraj Ray and Francis de Vericourt

19848: Under the Thumb of History? Political Institutions and the Scope for Action

Abhijit Banerjee and Esther Duflo

19847: General Equilibrium Impacts of a Federal Clean Energy Standard

Lawrence H. Goulder, Marc Hafstead and Roberton Williams

19846: Using the Pareto Distribution to Improve Estimates of Topcoded Earnings

Philip Armour, Richard Burkhauser and Jeff Larrimore

19845: Firm Age, Investment Opportunities, and Job Creation

Manuel Adelino, Song Ma and David Robinson

19844: Is the United States Still a Land of Opportunity? Recent Trends in Intergenerational Mobility

Raj Chetty, Nathaniel Hendren, Patrick Kline, Emmanuel Saez and Nick Turner

19843: Where is the Land of Opportunity? The Geography of Intergenerational Mobility in the United States

Raj Chetty, Nathaniel Hendren, Patrick Kline and Emmanuel Saez

19842: Can You Leave High School Behind?

Sandra Black, Jane Arnold Lincove, Jenna Cullinane and Rachel Veron

19841: Does Medical Malpractice Law Improve Health Care Quality?

Michael Frakes and Anupam Jena

19840: Two Tales of Adjustment: East Asian Lessons for European Growth

Anusha Chari and Peter Henry

19839: Alcohol Exposure In Utero and Child Academic Achievement

Stephanie von Hinke, George L. Wehby, Sarah Lewis and Luisa Zuccolo

19838: Advertising and Environmental Stewardship: Evidence from the BP Oil Spill

Lint Barrage, Eric Chyn and Justine Hastings

19837: Return of the Solow Paradox? IT, Productivity, and Employment in U.S. Manufacturing

Daron Acemoglu, David Autor, David Dorn, Gordon Hanson and Brendan Price

19836: Cash-on-Hand & College Enrollment: Evidence from Population Tax Data and Policy Nonlinearities

Dayanand Manoli and Nick Turner

19835: Could a Website Really Have Doomed the Health Exchanges? Multiple Equilibria, Initial Conditions and the Construction of the Fine

Florian Scheuer and Kent Smetters

19834: How Constraining Are Limits to Arbitrage? Evidence from a Recent Financial Innovation

Alexander Ljungqvist and Wenlan Qian

19833: Restoring the Product Variety and Pro-competitive Gains from Trade with Heterogeneous Firms and Bounded Productivity

Robert Feenstra

19832: Voting to Tell Others

Stefano DellaVigna, John List, Ulrike Malmendier and Gautam Rao

19831: Lights, Camera,... Income!: Estimating Poverty Using National Accounts, Survey Means, and Lights

Maxim Pinkovskiy and Xavier Sala-i-Martin

19830: The Future of U.S. Economic Growth

John Fernald and Charles Jones

19829: Marry Your Like: Assortative Mating and Income Inequality

Jeremy Greenwood, Nezih Guner, Georgi Kocharkov and Cezar Santos

19828: Social Implications of Fiscal Policy Responses During Crises

Carlos Vegh and Guillermo Vuletin

19827: Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco

Manuela Angelucci, Dean Karlan and Jonathan Zinman

19826: Why Has U.S. Policy Uncertainty Risen Since 1960?

Scott Baker, Nicholas Bloom, Brandice Canes-Wrone, Steven Davis and Jonathan A. Rodden

19825: Incentives, Selection and Productivity in Labor Markets: Evidence from Rural Malawi

Raymond Guiteras and B. Kelsey Jack

19824: Linkage of Greenhouse Gas Emissions Trading Systems: Learning from Experience

Matthew Ranson and Robert Stavins

19823: Recovery from Financial Crises: Evidence from 100 Episodes

Carmen Reinhart and Kenneth Rogoff

19822: A Theory of Income Taxation under Multidimensional Skill Heterogeneity

Casey Rothschild and Florian Scheuer

19821: How Sticky Wages in Existing Jobs Can Affect Hiring

Mark Bils, Yongsung Chang and Sun-Bin Kim

19820: The Information Value of Online Social Networks: Lessons from Peer-to-Peer Lending

Seth Freedman and Ginger Zhe Jin

19819: Why and Wherefore of Increased Scientific Collaboration

Richard Freeman, Ina Ganguli and Raviv Murciano-Goroff

19818: Origins of Stock Market Fluctuations

Daniel Greenwald, Martin Lettau and Sydney Ludvigson

19817: Misinformed Speculators and Mispricing in the Housing Market

Alex Chinco and Christopher Mayer

19816: The Economics of Online Postsecondary Education: MOOCs, Nonselective Education, and Highly Selective Education

Caroline Hoxby

19815: Tax Benefits to Housing and Inefficiencies in Location and Consumption

David Albouy and Andrew Hanson

19814: Market Set-Up in Advance of Federal Reserve Policy Decisions

Dick van Dijk, Robin L. Lumsdaine and Michel van der Wel

19813: State Capacity and Economic Development: A Network Approach

Daron Acemoglu, Camilo García-Jimeno and James Robinson

19812: The Price of Political Uncertainty: Theory and Evidence from the Option Market

Bryan Kelly, Lubos Pastor and Pietro Veronesi

19811: Risk, Insurance and Wages in General Equilibrium

Ahmed Mobarak and Mark Rosenzweig

19810: Missing Gains from Trade?

Marc Melitz and Stephen Redding

19809: Powerful Independent Directors

Kathy Fogel, Liping Ma and Randall Morck

19808: Rainfall Forecasts, Weather and Wages over the Agricultural Production Cycle

Mark Rosenzweig and Christopher Udry

19807: Special Interests and the Media: Theory and an Application to Climate Change

Jesse Shapiro

19806: Corporate Governance and Risk Management at Unprotected Banks: National Banks in the 1890s

Charles Calomiris and Mark Carlson

19805: Motivating Migrants: A Field Experiment on Financial Decision-Making in Transnational Households

Ganesh Seshan and Dean Yang

19804: Public Goods, Hidden Income, and Tax Evasion: Some Nonstandard Results from the Warm-Glow Model

Daniel Hungerman

19803: Using School Choice Lotteries to Test Measures of School Effectiveness

David Deming

19802: Coal and the European Industrial Revolution

Alan Fernihough and Kevin O'Rourke

19801: Cross Border Effects of State Health Technology Regulation

Jill R. Horwitz and Daniel Polsky

19800: The Industrial Organization of Health Care Markets

Martin Gaynor, Kate Ho and Robert Town

19799: Governing Misvalued Firms

Dalida Kadyrzhanova and Matthew Rhodes-Kropf

19798: When Real Estate is the Only Game in Town

Hyun-Soo Choi, Harrison Hong, Jeffrey Kubik and Jeffrey Thompson

19797: Does Planning Regulation Protect Independent Retailers?

Raffaella Sadun

19796: The Housing Market Impacts of Shale Gas Development

Lucija Muehlenbachs, Elisheba Spiller and Christopher Timmins

19795: Media Influences on Social Outcomes: The Impact of MTV's 16 and Pregnant on Teen Childbearing

Melissa Kearney and Phillip Levine

19794: Direct to Consumer Advertising of Pharmaceutical Drugs: Information and Persuasion

Talia Bar and Dean R. Lillard

19793: The Employment Effect of Terminating Disability Benefits

Timothy Moore

19792: Shrinkage Estimation of High-Dimensional Factor Models with Structural Instabilities

Xu Cheng, Zhipeng Liao and Frank Schorfheide

19791: For a Few Dollars More: Reserves and Growth in Times of Crises

Matthieu Bussiere, Gong Cheng, Menzie Chinn and Noëmie Lisack

19790: Time-Varying Phillips Curves

Joseph Vavra

19789: Waging War on Poverty: Historical Trends in Poverty Using the Supplemental Poverty Measure

Liana Fox, Irwin Garfinkel, Neeraj Kaushal, Jane Waldfogel and Christopher Wimer

19788: Dynamic Dispersed Information and the Credit Spread Puzzle

Elias Albagli, Christian Hellwig and Aleh Tsyvinski

19787: Externalities and Taxation of Supplemental Insurance: A Study of Medicare and Medigap

Marika Cabral and Neale Mahoney

19786: Political Risk Spreads

Geert Bekaert, Campbell Harvey, Christian Lundblad and Stephan Siegel

19785: Do In-Work Tax Credits Serve as a Safety Net?

Marianne Bitler, Hilary Hoynes and Elira Kuka

19784: A Note on Variance Estimation for the Oaxaca Estimator of Average Treatment Effects

Patrick Kline

19783: Disentangling Financial Constraints, Precautionary Savings, and Myopia: Household Behavior Surrounding Federal Tax Returns

Brian Baugh, Itzhak Ben-David and Hoonsuk Park

19782: Military CEOs

Efraim Benmelech and Carola Frydman

19781: The Effect of Prices on Nutrition: Comparing the Impact of Product- and Nutrient-Specific Taxes

Matthew Harding and Michael Lovenheim

19780: Optimal Trading Ratios for Pollution Permit Markets

Stephen Holland and Andrew Yates