NBER Working Papers

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19561: Patterns of Convergence and Divergence in the Euro Area

Angel Estrada, Jordi Galí and David Lopez-Salido

19560: Contracting Over the Disclosure of Scientific Knowledge: Intellectual Property and Academic Publication

Joshua Gans, Fiona E. Murray and Scott Stern

19559: Macro Fiscal Policy in Economic Unions: States as Agents

Gerald Carlino and Robert P. Inman

19558: The Effect of Safety Net Programs on Food Insecurity

Lucie Schmidt, Lara Shore-Sheppard and Tara Watson

19557: The Value of Corporate Culture

Luigi Guiso, Paola Sapienza and Luigi Zingales

19556: Mining Surplus: Modeling James A. Schmitz's Link Between Competition and Productivity

Jeremy Greenwood and David Weiss

19555: Antidumping and the Death of Trade

Tibor Besedes and Thomas Prusa

19554: The Origins of Early Childhood Anthropometric Persistence

Daniel Millimet and Rusty Tchernis

19553: Uncertainty, Redistribution, and the Labor Market

Casey Mulligan

19552: The Missing Manual: Using National Student Clearinghouse Data to Track Postsecondary Outcomes

Susan Dynarski, Steven W. Hemelt and Joshua Hyman

19551: Do Measures of Financial Constraints Measure Financial Constraints?

Joan Farre-Mensa and Alexander Ljungqvist

19550: Predatory Lending and the Subprime Crisis

Sumit Agarwal, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet and Douglas Evanoff

19549: What Are We Not Doing When We're Online

Scott Wallsten

19548: Linkages across Sovereign Debt Markets

Cristina Arellano and Yan Bai

19547: The Impact of Medicaid on Labor Force Activity and Program Participation: Evidence from the Oregon Health Insurance Experiment

Katherine Baicker, Amy Finkelstein, Jae Song and Sarah Taubman

19546: Affirmative Action: One Size Does Not Fit All

Kala Krishna and Alexander Tarasov

19545: Rational Inattention and Energy Efficiency

James Sallee

19544: A Comparison of Micro and Macro Expenditure Measures Across Countries Using Differing Survey Methods

Garry Barrett, Peter Levell and Kevin Milligan

19543: Asking Households About Expenditures: What Have We Learned?

Thomas Crossley and Joachim Winter

19542: Strategic Parenting, Birth Order and School Performance

V. Joseph Hotz and Juan Pantano

19541: How Much Would You Pay to Resolve Long-Run Risk?

Larry Epstein, Emmanuel Farhi and Tomasz Strzalecki

19540: The Development of Opacity in U.S. Banking

Gary Gorton

19539: Measuring the Accuracy of Survey Responses using Administrative Register Data: Evidence from Denmark

Claus Kreiner, David Lassen and Søren Leth-Petersen

19538: Credit History: The Changing Nature of Scientific Credit

Joshua Gans and Fiona Murray

19537: Money as a Unit of Account

Matthias Doepke and Martin Schneider

19536: The Potential use of In-home Scanner Technology for Budget Surveys

Andrew Leicester

19535: The Intergenerational Transmission of Automobile Brand Preferences: Empirical Evidence and Implications for Firm Strategy

Soren Anderson, Ryan Kellogg, Ashley Langer and James Sallee

19534: Risk-Taking Behavior in the Wake of Natural Disasters

Lisa Cameron and Manisha Shah

19533: Waste of Effort? International Environmental Agreements

Derek Kellenberg and Arik Levinson

19532: Corporate Demand for Insurance: New Evidence from the U.S. Terrorism and Property Markets

Erwann Michel-Kerjan, Paul Raschky and Howard Kunreuther

19531: High Frequency Traders: Taking Advantage of Speed

Yacine Ait-Sahalia and Mehmet Saglam

19530: Food Price Spikes, Price Insulation and Poverty

Kym Anderson, Maros Ivanic and Will Martin

19529: Incentives, Selection, and Teacher Performance: Evidence from IMPACT

Thomas Dee and James Wyckoff

19528: Conforming and Non-conforming Peer Effects in Vaccination Decisions

Elizabeth Bodine-Baron, Sarah Nowak, Raffaello Varadavas and Neeraj Sood

19527: How Product Standardization Affects Choice: Evidence from the Massachusetts Health Insurance Exchange

Keith Ericson and Amanda Starc

19526: Information Lost (Apologies to Milton)

Catherine Mann

19525: Digitization and the Contract Labor Market: A Research Agenda

Ajay Agrawal, John Horton, Nicola Lacetera and Elizabeth Lyons

19524: Retiree Health Insurance for Public School Employees: Does it Affect Retirement?

Maria Fitzpatrick

19523: Time Variation in Asset Price Responses to Macro Announcements

Linda Goldberg and Christian Grisse

19522: Pharmaceutical Followers

Peter Arcidiacono, Paul Ellickson, Peter Landry and David Ridley

19521: Copyright and the Profitability of Authorship: Evidence from Payments to Writers in the Romantic Period

Megan MacGarvie and Petra Moser

19520: Measuring the Effects of Advertising: The Digital Frontier

Randall Lewis, Justin M. Rao and David Reiley

19519: Searching for Physical and Digital Media: The Evolution of Platforms for Finding Books

Michael Baye, Babur De los Santos and Matthijs Wildenbeest

19518: Intellectual Returnees as Drivers of Indigenous Innovation: Evidence from the Chinese Photovoltaic Industry

Siping Luo, Mary Lovely and David Popp

19517: The Interaction of Spending Policies, Asset Allocation Strategies, and Investment Performance at University Endowment Funds

Keith Brown and Cristian Tiu

19516: Crisis and Commitment: Inflation Credibility and the Vulnerability to Sovereign Debt Crises

Mark Aguiar, Manuel Amador, Emmanuel Farhi and Gita Gopinath

19515: Do People Overreact? Evidence from the Housing Market After the Wenchuan Earthquake

Guoying Deng, Li Gan and Manuel Hernandez

19514: Predatory Short Selling

Markus Brunnermeier and Martin Oehmke

19513: Matching and Sorting in a Global Economy

Gene Grossman, Elhanan Helpman and Philipp Kircher

19512: Development, Structure, and Transformation: Some Evidence on Comparative Economic Growth

Gordon McCord and Jeffrey D. Sachs

19511: How Does Retiree Health Insurance Influence Public Sector Employee Saving?

Robert Clark and Olivia Mitchell

19510: Dynamic Salience with Intermittent Billing: Evidence from Smart Electricity Meters

Ben Gilbert and Joshua Graff Zivin

19509: The Performance of U.S. Wind and Solar Generating Units

Richard Schmalensee

19508: The Size of the LGBT Population and the Magnitude of Anti-Gay Sentiment are Substantially Underestimated

Katherine B. Coffman, Lucas Coffman and Keith Ericson

19507: Digital Dark Matter and the Economic Contribution of Apache

Shane Greenstein and Frank Nagle

19506: Sovereigns versus Banks: Credit, Crises, and Consequences

Oscar Jorda, Moritz Schularick and Alan Taylor

19505: Childhood Health and Sibling Outcomes: The Shared Burden and Benefit of the 1918 Influenza Pandemic

John Parman

19504: How Much Do Official Price Indexes Tell Us about Inflation?

Jessie Handbury, Tsutomu Watanabe and David Weinstein

19503: In the Shadow of a Giant: Medicare's Influence on Private Physician Payments

Jeffrey Clemens and Joshua Gottlieb

19502: Corporate Liquidity Management: A Conceptual Framework and Survey

Heitor Almeida, Murillo Campello, Igor Cunha and Michael Weisbach

19501: Addressing Global Environmental Externalities: Transaction Costs Considerations

Gary Libecap

19500: A Sharper Ratio: A General Measure for Correctly Ranking Non-Normal Investment Risks

Kent Smetters and Xingtan Zhang

19499: Unemployment Benefits and Unemployment in the Great Recession: The Role of Macro Effects

Marcus Hagedorn, Fatih Karahan, Iourii Manovskii and Kurt Mitman

19498: Left, Right, Left: Income, Learning and Political Dynamics

John Morrow and Michael Carter

19497: Banking Globalization, Transmission, and Monetary Policy Autonomy

Linda Goldberg

19496: Who Is in Control? The Determinants of Patient Adherence with Medication Therapy

Sergei Koulayev, Niels Skipper and Emilia Simeonova

19495: Migration to the US and Marital Mobility

Rebekka Christopoulou and Dean R. Lillard

19494: Transportation Choices and the Value of Statistical Life

Gianmarco León-Ciliotta and Edward Miguel

19493: Fifty Years of Family Planning: New Evidence on the Long-Run Effects of Increasing Access to Contraception

Martha Bailey

19492: Labor Market Frictions, Firm Growth, and International Trade

Pablo Fajgelbaum

19491: Estimating Earnings Adjustment Frictions: Method and Evidence from the Social Security Earnings Test

Alexander Gelber, Damon Jones and Daniel Sacks

19490: Identifying the Health Production Function: The Case of Hospitals

John Romley and Neeraj Sood

19489: The Reverse Matthew Effect: Catastrophe and Consequence in Scientific Teams

Ginger Zhe Jin, Benjamin Jones, Susan Feng Lu and Brian Uzzi

19488: Upstream Product Market Regulations, ICT, R&D and Productivity

Gilbert Cette, Jimmy Lopez and Jacques Mairesse

19487: The Regulation of Prescription Drug Competition and Market Responses: Patterns in Prices and Sales Following Loss of Exclusivity

Murray L. Aitken, Ernst R. Berndt, Barry Bosworth, Iain Cockburn, Richard Frank, Michael Kleinrock and Bradley T. Shapiro

19486: Accounting for Expectational and Structural Error in Binary Choice Problems: A Moment Inequality Approach

Michael J. Dickstein and Eduardo Morales

19485: Asymmetric Incentives in Subsidies: Evidence from a Large-Scale Electricity Rebate Program

Koichiro Ito

19484: Regulating Consumer Financial Products: Evidence from Credit Cards

Sumit Agarwal, Souphala Chomsisengphet, Neale Mahoney and Johannes Stroebel

19483: Does Economic Growth Reduce Corruption? Theory and Evidence from Vietnam

Jie Bai, Seema Jayachandran, Edmund J. Malesky and Benjamin Olken

19482: Taxpayer Search for Information: Implications for Rational Attention

Jeffrey Hoopes, Daniel Reck and Joel Slemrod

19481: Do Expiring Budgets Lead to Wasteful Year-End Spending? Evidence from Federal Procurement

Jeffrey Liebman and Neale Mahoney

19480: Small Differences that Matter: Mistakes in Applying to College

Amanda Pallais

19479: Girl Power: Cash Transfers and Adolescent Welfare. Evidence from a Cluster-Randomized Experiment in Malawi

Sarah Baird, Ephraim Chirwa, Jacobus de Hoop and Berk Özler

19478: Wage Adjustment in the Great Recession

Michael Elsby, Donggyun Shin and Gary Solon

19477: Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default

Pablo D'Erasmo and Enrique Mendoza

19476: The New-Keynesian Liquidity Trap

John Cochrane

19475: Does Uncertainty Reduce Growth? Using Disasters as Natural Experiments

Scott Baker and Nicholas Bloom

19474: Prices and Supply Disruptions during Natural Disasters

Alberto Cavallo, Eduardo Cavallo and Roberto Rigobon

19473: Back to Basics: Basic Research Spillovers, Innovation Policy and Growth

Ufuk Akcigit, Douglas Hanley and Nicolas Serrano-Velarde

19472: Incentivizing Calculated Risk-Taking: Evidence from an Experiment with Commercial Bank Loan Officers

Shawn Cole, Martin Kanz and Leora Klapper

19471: Endophilia or Exophobia: Beyond Discrimination

Jan Feld, Nicolas Salamanca and Daniel Hamermesh

19470: Taxes, Debts, and Redistributions with Aggregate Shocks

Anmol Bhandari, David Evans, Mikhail Golosov and Thomas Sargent

19469: Facts and Challenges from the Great Recession for Forecasting and Macroeconomic Modeling

Serena Ng and Jonathan Wright

19468: Task Routineness and Trade Policy Preferences

Bruce Blonigen and Jacob McGrew

19467: Relationship and Transaction Lending in a Crisis

Patrick Bolton, Xavier Freixas, Leonardo Gambacorta and Paolo Emilio Mistrulli

19466: Firm Volatility in Granular Networks

Bernard Herskovic, Bryan Kelly, Hanno Lustig and Stijn Van Nieuwerburgh

19465: Demography and Low Frequency Capital Flows

David Backus, Thomas Cooley and Espen Henriksen

19464: Instruction Time, Classroom Quality, and Academic Achievement

Steven Rivkin and Jeffrey Schiman

19463: Effects of Speculation and Interest Rates in a "Carry Trade" Model of Commodity Prices

Jeffrey Frankel

19462: Productivity Growth and Stock Returns: Firm- and Aggregate-Level Analyses

Hyunbae Chun, Jung-Wook Kim and Randall Morck