NBER Working Papers

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32562: Statistical Discrimination and the Distribution of Wages

Prashant Bharadwaj, Rahul Deb and Ludovic Renou

32561: Dynamic Targeting: Experimental Evidence from Energy Rebate Programs

Takanori Ida, Takunori Ishihara, Koichiro Ito, Daido Kido, Toru Kitagawa, Shosei Sakaguchi and Shusaku Sasaki

32560: Financial Incentives for Adoption and Kin Guardianship Improve Achievement for Foster Children

David Simon, Aaron Sojourner, Jon Pedersen and Heidi Ombisa Skallet

32559: Custom Proxy Voting Advice

Edwin Hu, Nadya Malenko and Jonathon Zytnick

32558: Optimal Age-based Policies for Pandemics: An Economic Analysis of Covid-19 and Beyond

Luiz Brotherhood, Philipp Kircher, Cezar Santos and Michele Tertilt

32557: Heterogeneity and Aggregate Fluctuations: Insights from TANK Models

Davide Debortoli and Jordi Galí

32556: Bankruptcy Resolution and Credit Cycles

Martin Kornejew, Chen Lian, Yueran Ma, Pablo Ottonello and Diego J. Perez

32555: Place-Based Economic Development and Long-Run Firm Employment and Sales: Evidence from American Indian Reservations

Joseph A. Aguilar, Randall Akee and Elton Mykerezi

32554: On Robust Inference in Time Series Regression

Richard Baillie, Francis Diebold, George Kapetanios, Kun Ho Kim and Aaron Mora

32553: Attention Cycles

Joel P. Flynn and Karthik Sastry

32552: Employment and Labor Supply Responses to the Child Tax Credit Expansion: Theory and Evidence

Diane Schanzenbach and Michael Strain

32551: The Rise of the Religious Right: Evidence from the Moral Majority and the Jimmy Carter Presidency

Giulia Buccione and Brian Knight

32550: Sleep: Educational Impact and Habit Formation

Osea Giuntella, Silvia Saccardo and Sally Sadoff

32549: Spatial Competition, Strategic Entry Responses, and the North Dakota Railroad War of 1905

Chad Syverson

32548: The Social Value of Hurricane Forecasts

Renato Molina and Ivan Rudik

32547: Do Stronger IPR Incentivize Female Participation in Innovation? Evidence from Chinese AI Patents

Shubhangi Agrawal, Sawan Rathi, Chirantan Chatterjee and Matthew Higgins

32546: Voluntary Minimum Wages

Ellora Derenoncourt and David Weil

32545: Tasks and Black-white Inequality over the Long Twentieth Century

Rowena Gray, Siobhan M. O'Keefe, Sarah Quincy and Zachary Ward

32544: Synthesis of Evidence Yields High Social Cost of Carbon Due to Structural Model Variation and Uncertainties

Frances C. Moore, Moritz Drupp, James Rising, Simon Dietz, Ivan Rudik and Gernot Wagner

32543: Commercial Rivalry as Seller Incidence Shifting: Non-parametric Accounting of the China Shock

James Anderson

32542: Organizing a Kingdom

Charles Angelucci, Simone Meraglia and Nico Voigtländer

32541: What Can Measured Beliefs Tell Us About Monetary Non-Neutrality?

Hassan Afrouzi, Joel P. Flynn and Choongryul Yang

32540: Algorithmic Pricing: Implications for Marketing Strategy and Regulation

Martin Spann, Marco Bertini, Oded Koenigsberg, Robert Zeithammer, Diego Aparicio, Yuxin Chen, Fabrizio Fantini, Ginger Zhe Jin, Vicki Morwitz, Peter Popkowski Leszczyc, Maria Ana Vitorino, Gizem Yalcin Williams and Hyesung Yoo

32539: Food Policy in a Warming World

Allan Hsiao, Jacob Moscona and Karthik Sastry

32538: Pricing Under Distress

S. Boragan Aruoba, Andrés Fernández Martin, Daniel Guzman Giron, Ernesto Pasten and Felipe Saffie

32537: The Effects of Short-Term Rental Regulation: Insights from Chicago

Ginger Zhe Jin, Liad Wagman and Mengyi Zhong

32536: Automation and Rent Dissipation: Implications for Wages, Inequality, and Productivity

Daron Acemoglu and Pascual Restrepo

32535: The Effect of E-Cigarette Flavor Bans on Tobacco Use

Chad Cotti, Charles Courtemanche, Yang Liang, Johanna Maclean, Erik Nesson and Joseph J. Sabia

32534: Comprehensive E-cigarette Flavor Bans and Tobacco Use among Youth, Young Adults, and Adults

Henry Saffer, Selen Ozdogan, Michael Grossman, Daniel Dench and Dhaval Dave

32533: Post-Neoliberal Globalization: International Trade Rules for Global Prosperity

Martin M. Guzman and Joseph Stiglitz

32532: An Analysis of Pandemic-Era Inflation in 11 Economies

Olivier Blanchard and Ben Bernanke

32531: The Inflation Accelerator

Andrés Blanco, Corina Boar, Callum Jones and Virgiliu Midrigan

32530: A Shared Interest: Do Bonds Strengthen Equity Monitoring?

Todd A. Gormley and Manish Jha

32529: Her Property Transactions: White Women and the Frequency of Female Ownership in the Antebellum Era

Benton Wishart and Trevon Logan

32528: The Concave Phillips Curve

Narayana Kocherlakota

32527: Unemployment Insurance Fraud in the Debit Card Market

Umang Khetan, Jetson Leder-Luis, Jialan Wang and Yunrong Zhou

32526: Measuring and Predicting “New Work” in the United States: The Role of Local Factors and Global Shocks

Gueyon Kim, Cassandra Merritt and Giovanni Peri

32525: How Far Can Inclusion Go? The Long-term Impacts of Preferential College Admissions

Michela Carlana, Enrico Miglino and Michela M. Tincani

32524: Risky Oil: It's All in the Tails

Christiane Baumeister, Florian Huber and Massimiliano Marcellino

32523: Latent Heterogeneity in the Marginal Propensity to Consume

Daniel Lewis, Davide Melcangi and Laura Pilossoph

32522: The Exchange Rate as an Industrial Policy

Pablo Ottonello, Diego J. Perez and William Witheridge

32521: Is the Decline in the Number of Community Banks Detrimental to Community Economic Development?

Bernadette Minton, Alvaro G. Taboada and Rohan Williamson

32520: The Effects of Tobacco 21 Laws on Smoking and Vaping: Evidence from Panel Data and Biomarkers

Chad Cotti, Philip DeCicca and Erik Nesson

32519: The Law of Small Numbers in Financial Markets: Theory and Evidence

Lawrence Jin and Cameron Peng

32518: Reviving Micro Real Rigidities: The Importance of Demand Shocks

S. Boragan Aruoba, Eugene Oue, Felipe Saffie and Jonathan Willis

32517: Broadband Internet Access, Economic Growth, and Wellbeing

Kathryn R. Johnson and Claudia Persico

32516: School Closures and Parental Mental Health

Sumedha Gupta, Dario Salcedo and Kosali Simon

32515: Understanding Expert Choices Using Decision Time

David Card, Stefano DellaVigna, Chenxi Jiang and Dmitry Taubinsky

32514: Medical Cannabis Availability and Mental Health: Evidence From New York’s Medical Cannabis Program

Coleman Drake, Dylan Nagy, Matthew D. Eisenberg and David Slusky

32513: Trust, Intangible Assets, and Productivity

Gilbert Cette, Jimmy Lopez, Jacques Mairesse and Giuseppe Nicoletti

32512: What is Newsworthy? Theory and Evidence

Luis Armona, Matthew Gentzkow, Emir Kamenica and Jesse Shapiro

32511: Monetary Policy Along the Yield Curve: Why Can Central Banks Affect Long-Term Real Rates?

Paul Beaudry, Paolo Cavallino and Tim Willems

32510: Can Technology Facilitate Scale? Evidence from a Randomized Evaluation of High Dosage Tutoring

Monica P. Bhatt, Jonathan Guryan, Salman A. Khan, Michael LaForest-Tucker and Bhavya Mishra

32509: Procyclical Stocks Earn Higher Returns

William Goetzmann, Akiko Watanabe and Masahiro Watanabe

32508: Gender-Specific Transportation Costs and Female Time Use: Evidence from India’s Pink Slip Program

Yutong Chen, A. Kerem Coşar, Devaki Ghose, Shirish Mahendru and Sheetal Sekhri

32507: The Political Economy of Industrial Policy

Réka Juhász and Nathaniel Lane

32506: Economic Budgeting for Endowment-Dependent Universities

John Campbell, Jeremy Stein and Alex A. Wu

32505: How Successful Public Health Interventions Fail: Regulating Prostitution in Nineteenth-Century Britain

Grant Goehring and W Hanlon

32504: SAFE to Update Inflation Expectations? New Survey Evidence on Euro Area Firms

Ursel Baumann, Annalisa Ferrando, Dimitris Georgarakos, Yuriy Gorodnichenko and Timo Reinelt

32503: Investment in Infrastructure and Trade: The Case of Ports

Giulia Brancaccio, Myrto Kalouptsidi and Theodore Papageorgiou

32502: The Impact of Affirmative Action Litigation on Police Killings of Civilians

Robynn J.A. Cox, Jamein P. Cunningham and Alberto Ortega

32501: Business, Liquidity, and Information Cycles

Gorkem Bostanci and Guillermo Ordonez

32500: Further Evidence on the Global Decline in the Mental Health of the Young

David Blanchflower, Alex Bryson, Anthony Lepinteur and Alan Piper

32499: Discount Factors and Monetary Policy: Evidence from Dual-Listed Stocks

Quentin Vandeweyer, Minghao Yang and Constantine Yannelis

32498: A Quantile Model of Firm Investment

Heitor Almeida, Murillo Campello, Luciano de Castro and Antonio Galvao

32497: People's Understanding of Inflation

Alberto Binetti, Francesco Nuzzi and Stefanie Stantcheva

32496: School Equalization in the Shadow of Jim Crow: Causes and Consequences of Resource Disparity in Mississippi circa 1940

David Card, Leah Clark, Ciprian Domnisoru and Lowell Taylor

32495: Double Robustness of Local Projections and Some Unpleasant VARithmetic

José Luis Montiel Olea, Mikkel Plagborg-Moller, Eric Qian and Christian Wolf

32494: Nominal Devaluations, Inflation and Inequality

Andrés Blanco, Andrés Drenik and Emilio Zaratiegui

32493: An Empirical Framework For Matching With Imperfect Competition

Mons Chan, Kory Kroft, Elena Mattana and Ismael Mourifié

32492: The Effect of Inequality on Redistribution: An Econometric Analysis

Michael J. Boskin, Kareem Elnahal and Adam Zhang

32491: Keeping Up Appearances: An Experimental Investigation of Relative Rank Signaling

Pascaline Dupas, Marcel Fafchamps and Laura Hernandez-Nunez

32490: Returns Heterogeneity and Consumption Inequality Over the Life Cycle

Claudio Daminato and Luigi Pistaferri

32489: Explaining Adverse Cholesterol Levels and Distinct Gender Patterns in an Indonesian Population Compared with the U.S

Ralph I. Lawton, Elizabeth Frankenberg, Teresa Seeman, Arun S. Karlamangla, Cecep Sumantri and Duncan Thomas

32488: Household Inflation Expectations: An Overview of Recent Insights for Monetary Policy

Francesco D’Acunto, Evangelos Charalambakis, Dimitris Georgarakos, Geoff Kenny, Justus Meyer and Michael Weber

32487: The Simple Macroeconomics of AI

Daron Acemoglu

32486: Does Occupational Licensing Reduce Job Loss During Recessions?

Peter Q. Blair and Bobby (Wing Yin) Chung

32485: Algorithmic Bias and Historical Injustice: Race and Digital Profiling

Abigail Matthew, Amalia Miller and Catherine Tucker

32484: Why Doesn’t the United States Have National Health Insurance? The Political Role of the American Medical Association

Marcella Alsan and Yousra Neberai

32483: (Pro-) Social Learning and Strategic Disclosure

Roland Benabou and Nikhil Vellodi

32482: Inflation's Impact on American Households

David Altig, Alan Auerbach, Erin F. Eidschun, Laurence Kotlikoff and Victor Yifan Ye

32481: There is No Excess Volatility Puzzle

Andrew Atkeson, Jonathan Heathcote and Fabrizio Perri

32480: Dynamic Efficiency and Pricing of Innovations with Insurance: The Case for Gene Therapies

Anirban Basu

32479: Credit, Land Speculation, and Long-Run Economic Growth

Tomohiro Hirano and Joseph Stiglitz

32478: Fiscal Consequences of Central Bank Losses

Stephen Cecchetti and Jens Hilscher

32477: Racial Protests and Credit Access

Raffi E. Garcia and Alberto Ortega

32476: What Drives Investors' Portfolio Choices? Separating Risk Preferences from Frictions

Taha Choukhmane and Tim de Silva

32475: Gendered Change: 150 Years of Transformation in US Hours

L. Rachel Ngai, Claudia Olivetti and Barbara Petrongolo

32474: Old Moats for New Models: Openness, Control, and Competition in Generative AI

Pierre Azoulay, Joshua L. Krieger and Abhishek Nagaraj

32473: Dynamic Collective Action and the Power of Large Numbers

Marco Battaglini and Thomas Palfrey

32472: Shrinking the Term Structure

Damir Filipović, Markus Pelger and Ye Ye

32471: Unions, wages and hours

David Blanchflower and Alex Bryson

32470: Inflation and Trading

Philip Schnorpfeil, Michael Weber and Andreas Hackethal

32469: What Went Wrong with Federal Student Loans?

W. Looney and Constantine Yannelis

32468: Paper Tiger? Chinese Science and Home Bias in Citations

Shumin Qiu, Claudia Steinwender and Pierre Azoulay

32467: Shaping Inequality and Intergenerational Persistence of Poverty: Free College or Better Schools

Dirk Krueger, Alexander Ludwig and Irina Popova

32466: When Protectionism Kills Talent

Mehmet I. Canayaz, Isil Erel, Umit Gurun and Yufeng Wu

32465: Sustained Debt Reduction: The Jamaica Exception

Serkan Arslanalp, Barry Eichengreen and Peter Henry

32464: Wage Insurance for Displaced Workers

Benjamin Hyman, Brian Kovak and Adam Leive

32463: The Effects of Emergency Rental Assistance During the Pandemic: Evidence from Four Cities

Robert Collinson, Anthony DeFusco, John Humphries, Benjamin Keys, David Phillips, Vincent Reina, Patrick Turner and Winnie van Dijk