NBER Working Papers

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18826: Aggregate Demand, Idle Time, and Unemployment

Pascal Michaillat and Emmanuel Saez

18825: A Nation Of Gamblers: Real Estate Speculation And American History

Edward Glaeser

18824: What Do We Learn From Schumpeterian Growth Theory?

Philippe Aghion, Ufuk Akcigit and Peter Howitt

18823: The Impact of Cartelization, Money, and Productivity Shocks on the International Great Depression

Harold Cole and Lee Ohanian

18822: In the Name of the Son (and the Daughter): Intergenerational Mobility in the United States, 1850-1930

Claudia Olivetti and M. Daniele Paserman

18821: Did Housing Policies Cause the Postwar Boom in Homeownership?

Matthew Chambers, Carlos Garriga and Don Schlagenhauf

18820: Estimating the Effect of Salience in Wholesale and Retail Car Markets

Meghan R. Busse, Nicola Lacetera, Devin Pope, Jorge Silva-Risso and Justin R. Sydnor

18819: Market Potential and the Rise of US Productivity Leadership

Dan Liu and Christopher Meissner

18818: Home Computers and Child Outcomes: Short-Term Impacts from a Randomized Experiment in Peru

Diether Beuermann, Julian Cristia, Yyannu Cruz-Aguayo, Santiago Cueto and Ofer Malamud

18817: Heterogeneous Economic Returns to Postsecondary Degrees: Evidence from Chile

Loreto Reyes, Jorge Rodríguez and Sergio Urzua

18816: Fluctuations in Weekly Hours and Total Hours Worked Over the Past 90 Years and the Importance of Changes in Federal Policy Toward Job Sharing

Todd Neumann, Jason Taylor and Price Fishback

18815: The Effect of Police on Crime: New Evidence from U.S. Cities, 1960-2010

Aaron Chalfin and Justin McCrary

18814: Capital Flows, Credit Booms, and Financial Crises in the Classical Gold Standard Era

Christopher Meissner

18813: Married to Intolerance: Attitudes towards Intermarriage in Germany, 1900-2006

Nico Voigtländer and Hans-Joachim Voth

18812: Estimating Benefits from University-Level Diversity

Barbara Wolfe and Jason Fletcher

18811: Understanding Long-run Price Dispersion

Mario Crucini and Hakan Yilmazkuday

18810: Do Parental Involvement Laws Deter Risky Teen Sex?

Silvie Colman, Thomas Dee and Ted Joyce

18809: Choice of Country by the Foreign Born for PhD and Postdoctoral Study: A Sixteen-Country Perspective

Paula Stephan, Chiara Franzoni and Giuseppe Scellato

18808: The Link Between Fundamentals and Proximate Factors in Development

Wolfgang Keller and Carol Shiue

18807: Gravity, Scale and Exchange Rates

James Anderson, Mykyta Vesselovsky and Yoto Yotov

18806: Monetary Policy and Rational Asset Price Bubbles

Jordi Galí

18805: The Demand for Cigarettes as Derived from the Demand for Weight Control

John Cawley and Stephanie von Hinke

18804: Information and Quality when Motivation is Intrinsic: Evidence from Surgeon Report Cards

Jonathan Kolstad

18803: An Economic Analysis of Black-White Disparities in NYPD's Stop and Frisk Program

Decio Coviello and Nicola Persico

18802: Distinctively Black Names in the American Past

Lisa Cook, Trevon Logan and John Parman

18801: Market-based Emissions Regulation When Damages Vary Across Sources: What Are the Gains from Differentiation?

Meredith Fowlie and Nicholas Muller

18800: Optimal Public Debt Management and Liquidity Provision

George-Marios Angeletos, Fabrice Collard, Harris Dellas and Behzad Diba

18799: University Differences in the Graduation of Minorities in STEM Fields: Evidence from California

Peter Arcidiacono, Esteban Aucejo and V. Joseph Hotz

18798: Does Elite Capture Matter? Local Elites and Targeted Welfare Programs in Indonesia

Vivi Alatas, Abhijit Banerjee, Rema Hanna, Benjamin Olken, Ririn Purnamasari and Matthew Wai-Poi

18797: Fiscal Stability of High-Debt Nations under Volatile Economic Conditions

Robert Hall

18796: The Interwar Housing Cycle in the Light of 2001-2011: A Comparative Historical Approach

Alexander Field

18795: Behind the Scenes: Sources of Complementarity in R&D

Marco Ceccagnoli, Matthew Higgins and Vincenzo Palermo

18794: Environmental Macroeconomics: Environmental Policy, Business Cycles, and Directed Technical Change

Garth Heutel and Carolyn Fischer

18793: Limited Partner Performance and the Maturing of the Private Equity Industry

Berk A. Sensoy, Yingdi Wang and Michael Weisbach

18792: Estate Taxation with Altruism Heterogeneity

Emmanuel Farhi and Iván Werning

18791: Birthdays, Schooling, and Crime: New Evidence on the Dropout-Crime Nexus

Philip J Cook and Songman Kang

18790: Theoretical Models of Inequality Transmission across Multiple Generations

Gary Solon

18789: National Banking's Role in U.S. Industrialization, 1850-1900

Matthew Jaremski

18788: Heterogeneous Workers and International Trade

Gene Grossman

18787: Aggregating Local Preferences to Guide Marginal Policy Adjustments

Daniel Benjamin, Ori Heffetz, Miles Kimball and Nichole Szembrot

18786: The Impact of Social Networks on Labour Market Outcomes: New Evidence from Cape Breton

Adnan Q. Khan and Steven Lehrer

18785: New Evidence on the Impacts of Access to and Attending Universal Childcare in Canada

Michael J. Kottelenberg and Steven Lehrer

18784: Untangling Searchable and Experiential Quality Responses to Counterfeits

Yi Qian, Qiang Gong and Yuxin Chen

18783: The Antitrust Analysis of Multi-Sided Platform Businesses

David Evans and Richard Schmalensee

18782: Education Policy and Intergenerational Transfers in Equilibrium

Brant Abbott, Giovanni Gallipoli, Costas Meghir and Giovanni Violante

18781: Commercial Building Electricity Consumption Dynamics: The Role of Structure Quality, Human Capital, and Contract Incentives

Matthew Kahn, Nils Kok and John Quigley

18780: Attracting Talent: Location Choices of Foreign-Born PhDs in the US

Jeffrey Grogger and Gordon Hanson

18779: Growth Forecast Errors and Fiscal Multipliers

Olivier Blanchard and Daniel Leigh

18778: Profitability of Fertilizer: Experimental Evidence from Female Rice Farmers in Mali

Lori Beaman, Dean Karlan, Bram Thuysbaert and Christopher Udry

18777: Shopping Externalities and Self-Fulfilling Unemployment Fluctuations

Greg Kaplan and Guido Menzio

18776: Do Information Technologies Improve Teenagers’ Sexual Education? Evidence from a Randomized Evaluation in Colombia

Alberto Chong, Marco Gonzalez-Navarro, Dean Karlan and Martín Valdivia

18775: Multinational Firms and the Structure of International Trade

Pol Antras and Stephen Yeaple

18774: A Production-Based Model for the Term Structure

Urban Jermann

18773: Effects of Bicycle Helmet Laws on Children's Injuries

Pinka Chatterji and Sara Markowitz

18772: Long-Term Neighborhood Effects on Low-Income Families: Evidence from Moving to Opportunity

Jens Ludwig, Greg Duncan, Lisa A. Gennetian, Lawrence Katz, Ronald C. Kessler, Jeffrey Kling and Lisa Sanbonmatsu

18771: The Future of International Liquidity and the Role of China

Alan Taylor

18770: Political Centralization in Pre-Colonial Africa

Philip Osafo-Kwaako and James Robinson

18769: Are Government Spending Multipliers Greater During Periods of Slack? Evidence from 20th Century Historical Data

Michael Owyang, Valerie Ramey and Sarah Zubairy

18768: A Mean-Variance Benchmark for Intertemporal Portfolio Theory

John Cochrane

18767: Evaluating Durable Public Good Provision using Housing Prices

Stephen Coate

18766: Uncertainty as Commitment

Jaromir Nosal and Guillermo Ordonez

18765: Climatic Fluctuations and the Diffusion of Agriculture

Quamrul Ashraf and Stelios Michalopoulos

18764: It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans

Veronika K. Pool, Clemens Sialm and Irina Stefanescu

18763: Do Labor Market Networks Have An Important Spatial Dimension?

Judith Hellerstein, Mark Kutzbach and David Neumark

18762: Is There Evidence of a Real Estate Collateral Channel Effect on Listed Firm Investment in China?

Jing Wu, Joseph Gyourko and Yongheng Deng

18761: Cyclical Unemployment, Structural Unemployment

Peter Diamond

18760: On Financing Retirement with an Aging Population

Ellen McGrattan and Edward Prescott

18759: Gold Returns

Robert Barro and Sanjay P. Misra

18758: Place Based Policies with Unemployment

Patrick Kline and Enrico Moretti

18757: Subways, Strikes, and Slowdowns: The Impacts of Public Transit on Traffic Congestion

Michael Anderson

18756: The Value of Climate Amenities: Evidence from US Migration Decisions

Paramita Sinha and Maureen Cropper

18755: Empirical Determinants of Intertemporal Choice

Jeffrey Brown, Zoran Ivković and Scott Weisbenner

18754: Incentives and Outcomes: China's Environmental Policy

Jing Wu, Yongheng Deng, Jun Huang, Randall Morck and Bernard Yeung

18753: Distribution Capital and the Short- and Long-Run Import Demand Elasticity

Mario Crucini and Jonathan Davis

18752: Technical Change and the Relative Demand for Skilled Labor: The United States in Historical Perspective

Lawrence Katz and Robert Margo

18751: Forecasting the Recovery from the Great Recession: Is This Time Different?

Kathryn Dominguez and Matthew Shapiro

18750: Do Prices and Attributes Explain International Differences in Food Purchases?

Pierre Dubois, Rachel Griffith and Aviv Nevo

18749: Does Federal Financial Aid Affect College Enrollment? Evidence from Drug Offenders and the Higher Education Act of 1998

Michael Lovenheim and Emily Owens

18748: The Importance of Being Marginal: Gender Differences in Generosity

Stefano DellaVigna, John List, Ulrike Malmendier and Gautam Rao

18747: Incentive Effects of Inheritances and Optimal Estate Taxation

Wojciech Kopczuk

18746: The Missing Transmission Mechanism in the Monetary Explanation of the Great Depression

Christina Romer and David Romer

18745: College as Country Club: Do Colleges Cater to Students' Preferences for Consumption?

Brian Jacob, Brian McCall and Kevin Stange

18744: Peer Gender Composition and Choice of College Major

Massimo Anelli and Giovanni Peri

18743: Ambiguity Aversion and Household Portfolio Choice: Empirical Evidence

Stephen Dimmock, Roy Kouwenberg, Olivia Mitchell and Kim Peijnenburg

18742: Poverty and Self-Control

B. Douglas Bernheim, Debraj Ray and Sevin Yeltekin

18741: Measuring Sovereign Contagion in Europe

Massimiliano Caporin, Loriana Pelizzon, Francesco Ravazzolo and Roberto Rigobon

18740: Payment for Environmental Services: Hypotheses and Evidence

Lee Alston, Krister Andersson and Steven Smith

18739: Reallocation and Technology: Evidence from the U.S. Steel Industry

Allan Collard-Wexler and Jan De Loecker

18738: Genetic Diversity and the Origins of Cultural Fragmentation

Quamrul Ashraf and Oded Galor

18737: A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy

Ricardo Caballero and Emmanuel Farhi

18736: Air Pollution and Infant Mortality: Evidence from the Expansion of Natural Gas Infrastructure

Resul Cesur, Erdal Tekin and Aydogan Ulker

18735: The Rise of the Low Carbon Consumer City

Matthew Holian and Matthew Kahn

18734: Working Over Time: Dynamic Inconsistency in Real Effort Tasks

Ned Augenblick, Muriel Niederle and Charles Sprenger

18733: Bank Regulation and Supervision in 180 Countries from 1999 to 2011

James Barth, Gerard Caprio and Ross Levine

18732: The Supply and Demand for Safe Assets

Gary Gorton and Guillermo Ordonez

18731: Alcohol Consumption, Deterrence and Crime in New York City

Hope Corman and Naci Mocan

18730: The Mystique Surrounding the Central Bank's Balance Sheet, Applied to the European Crisis

Ricardo Reis

18729: Gaming in Air Pollution Data? Lessons from China

Yuyu Chen, Ginger Zhe Jin, Naresh Kumar and Guang Shi

18728: Views among Economists: Professional Consensus or Point-Counterpoint?

Roger Gordon and Gordon Dahl

18727: Systemic Risk and Stability in Financial Networks

Daron Acemoglu, Asuman Ozdaglar and Alireza Tahbaz-Salehi