NBER Working Papers

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18010: Measuring Test Measurement Error: A General Approach

Donald Boyd, Hamilton Lankford, Susanna Loeb and James Wyckoff

18009: Entitlement Reforms in Europe: Policy Mixes in the Current Pension Reform Process

Axel H. Börsch-Supan

18008: Goods Trade, Factor Mobility and Welfare

Stephen Redding

18007: The Effect of Conventional and Unconventional Monetary Policy Rules on Inflation Expectations: Theory and Evidence

Roger Farmer

18006: Comparing Real Wages

Orley Ashenfelter

18005: Would You Buy a Honda Made in the U.S.? The Impact of Production Location on Manufacturing Quality

Nicola Lacetera and Justin R. Sydnor

18004: The Evolving Importance of Banks and Securities Markets

Asli Demirguc-Kunt, Erik Feyen and Ross Levine

18003: Demand for Smokeless Tobacco: Role of Magazine Advertising

Dhaval Dave and Henry Saffer

18002: Primate Evidence on the Late Health Effects of Early Life Adversity

Gabriella Conti, Christopher Hansman, James J. Heckman, Matthew F. X. Novak, Angela Ruggiero and Stephen J. Suomi

18001: Executives' "Off-The-Job" Behavior, Corporate Culture, and Financial Reporting Risk

Robert Davidson, Aiyesha Dey and Abbie J. Smith

18000: Status Competition and Housing Prices

Shang-Jin Wei, Xiaobo Zhang and Yin Liu

17999: Patent Disclosure in Standard Setting

Bernhard Ganglmair and Emanuele Tarantino

17998: Can Oil Prices Forecast Exchange Rates?

Domenico Ferraro, Kenneth Rogoff and Barbara Rossi

17997: Is Paper Money Just Paper Money? Experimentation and Variation in the Paper Monies Issued by the American Colonies from 1690 to 1775

Farley Grubb

17996: Saving Babies: The Contribution of Sheppard-Towner to the Decline in Infant Mortality in the 1920s

Carolyn Moehling and Melissa Thomasson

17995: Following Through on Good Intentions: The Power of Planning Prompts

Katherine Milkman, John Beshears, James Choi, David Laibson and Brigitte Madrian

17994: The World our Grandchildren Will Inherit: The Rights Revolution and Beyond

Daron Acemoglu

17993: Trends in Occupational Segregation by Gender 1970-2009: Adjusting for the Impact of Changes in the Occupational Coding System

Francine Blau, Peter Brummund and Albert Liu

17992: Is India's Manufacturing Sector Moving Away From Cities?

Ejaz Ghani, Arti Grover and William Kerr

17991: Trade and Inequality: From Theory to Estimation

Elhanan Helpman, Oleg Itskhoki, Marc-Andreas Muendler and Stephen Redding

17990: School Turnarounds: Evidence from the 2009 Stimulus

Thomas Dee

17989: A Theory of Optimal Capital Taxation

Thomas Piketty and Emmanuel Saez

17988: Defaults and Attention: The Drop Out Effect

Andrew Caplin and Daniel Martin

17987: The Role of Government Reimbursement in Drug Shortages

Ali Yurukoglu, Eli Liebman and David Ridley

17986: On The Political Economy Of Educational Vouchers

Dennis Epple and Richard Romano

17985: Heterogeneity in Human Capital Investments: High School Curriculum, College Major, and Careers

Joseph Altonji, Erica Blom and Costas Meghir

17984: Epilogue: Foreign-Exchange-Market Operations in the Twenty-First Century

Michael Bordo, Owen Humpage and Anna J. Schwartz

17983: The Choice between Formal and Informal Intellectual Property: A Literature Review

Bronwyn H. Hall, Christian Helmers, Mark Rogers and Vania Sena

17982: The Evolution of Income, Consumption, and Leisure Inequality in The US, 1980-2010

Orazio Attanasio, Erik Hurst and Luigi Pistaferri

17981: How much do firms pay as bribes and what benefits do they get? Evidence from corruption cases worldwide

Yan Leung Cheung, Raghavendra Rau and Aris Stouraitis

17980: University Entrepreneurship and Professor Privilege

Erika Färnstrand Damsgaard and Marie Thursby

17979: Medieval Universities, Legal Institutions, and the Commercial Revolution

Davide Cantoni and Noam Yuchtman

17978: Microeconomic Sources of Real Exchange Rate Variability

Mario Crucini and Chris Telmer

17977: Energy Policy with Externalities and Internalities

Hunt Allcott, Sendhil Mullainathan and Dmitry Taubinsky

17976: Global Supply Chains and Wage Inequality

Arnaud Costinot, Jonathan Vogel and Su Wang

17975: A Theory of Firm Characteristics and Stock Returns: The Role of Investment-Specific Shocks

Leonid Kogan and Dimitris Papanikolaou

17974: Measuring Total Household Spending in a Monthly Internet Survey: Evidence from the American Life Panel

Michael D. Hurd and Susann Rohwedder

17973: Stock Price Expectations and Stock Trading

Michael D. Hurd and Susann Rohwedder

17972: The Effect of Work First Job Placements on the Distribution of Earnings: An Instrumental Variable Quantile Regression Approach

David Autor, Susan N. Houseman and Sari Pekkala Kerr

17971: Productivity and the Welfare of Nations

Susanto Basu, Luigi Pascali, Fabio Schiantarelli and Luis Serven

17970: Choice Probability Generating Functions

Mogens Fosgerau, Daniel McFadden and Michel Bierlaire

17969: Ricardo's Theory of Comparative Advantage: Old Idea, New Evidence

Arnaud Costinot and Dave Donaldson

17968: Corruption

Abhijit Banerjee, Sendhil Mullainathan and Rema Hanna

17967: Inflation Targeting and Financial Stability

Michael Woodford

17966: The Labor Market Four Years Into the Crisis: Assessing Structural Explanations

Jesse Rothstein

17965: Why is the Teen Birth Rate in the United States so High and Why Does it Matter?

Melissa Kearney and Phillip Levine

17964: Explaining Recent Trends in the U.S. Teen Birth Rate

Melissa Kearney and Phillip Levine

17963: Trade, Variety, and Immigration

Chen Bo and David Jacks

17962: Layoffs, Lemons and Temps

Christopher L. House and Jing Zhang

17961: The Rise of Middle Kingdoms: Emerging Economies in Global Trade

Gordon Hanson

17960: The Evolution of the Black-White Test Score Gap in Grades K-3: The Fragility of Results

Timothy Bond and Kevin Lang

17959: Platform Pricing at Sports Card Conventions

Ginger Zhe Jin and Marc Rysman

17958: Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence

Ruediger Bachmann, Tim Berg and Eric R. Sims

17957: On the Generalizability of Experimental Results in Economics

Omar Al-Ubaydli and John List

17956: How Frequent Are Small Price Changes?

Martin Eichenbaum, Nir Jaimovich, Sergio Rebelo and Josephine Smith

17955: In Whom We Trust: The Role of Certification Agencies in Online Drug Markets

Roger Bate, Ginger Zhe Jin and Aparna Mathur

17954: How Can Bill and Melinda Gates Increase Other People's Donations to Fund Public Goods?

Dean Karlan and John List

17953: A theory of the perturbed consumer with general budgets

Daniel McFadden and Mogens Fosgerau

17952: A Personal Touch: Text Messaging for Loan Repayment

Dean Karlan, Melanie Morten and Jonathan Zinman

17951: Who Suffers During Recessions?

Hilary W. Hoynes, Douglas Miller and Jessamyn Schaller

17950: The Impact of Corporate Sustainability on Organizational Processes and Performance

Robert G. Eccles, Ioannis Ioannou and George Serafeim

17949: Education, Cognition, Health Knowledge, and Health Behavior

Naci Mocan and Duha Altindag

17948: Costly Labor Adjustment: Effects of China's Employment Regulations

Russell Cooper, Guan Gong and Ping Yan

17947: Salience and Consumer Choice

Pedro Bordalo, Nicola Gennaioli and Andrei Shleifer

17946: The Mystery of Zero-Leverage Firms

Ilya A. Strebulaev and Baozhong Yang

17945: Investment Busts, Reputation, and the Temptation to Blend in with the Crowd

Steven Grenadier, Andrey Malenko and Ilya A. Strebulaev

17944: Debt Deleveraging and The Exchange Rate

Pierpaolo Benigno and Federica Romei

17943: Price Subsidies, Diagnostic Tests, and Targeting of Malaria Treatment: Evidence from a Randomized Controlled Trial

Jessica Cohen, Pascaline Dupas and Simone G. Schaner

17942: Do Private Equity Managers Earn Their Fees? Compensation, Ownership, and Cash Flow Performance

David Robinson and Berk A. Sensoy

17941: A Series of Unfortunate Events: Common Sequencing Patterns in Financial Crises

Carmen Reinhart

17940: Tailspotting: Identifying and profiting from CEO vacation trips

David Yermack

17939: School Governance, Teacher Incentives, and Pupil-Teacher Ratios: Experimental Evidence from Kenyan Primary Schools

Esther Duflo, Pascaline Dupas and Michael Kremer

17938: Remedies for Sick Insurance

Daniel McFadden, Carlos Noton and Pau Olivella

17937: Is There "Too Much" Inequality in Health Spending Across Income Groups?

Laurence Ales, Roozbeh Hosseini and Larry Jones

17936: Do High-Cost Hospitals Deliver Better Care? Evidence from Ambulance Referral Patterns

Joseph J. Doyle, Jr., John A. Graves, Jonathan Gruber and Samuel Kleiner

17935: Debt Financing in Asset Markets

Zhiguo He and Wei Xiong

17934: Liquidity, Business Cycles, and Monetary Policy

Nobuhiro Kiyotaki and John Moore

17933: Mandate-Based Health Reform and the Labor Market: Evidence from the Massachusetts Reform

Jonathan Kolstad and Amanda Kowalski

17932: Education and Mortality: Evidence from a Social Experiment

Costas Meghir, Mårten Palme and Emilia Simeonova

17931: Limited Life Expectancy, Human Capital and Health Investments: Evidence from Huntington Disease

Emily Oster, Ira Shoulson and E. Ray Dorsey

17930: Financial Literacy and the Financial Crisis

Leora Klapper, Annamaria Lusardi and Georgios Panos

17929: The Market for Financial Advice: An Audit Study

Sendhil Mullainathan, Markus Noeth and Antoinette Schoar

17928: Does March Madness Lead to Irrational Exuberance in the NBA Draft? High-Value Employee Selection Decisions and Decision-Making Bias

Casey Ichniowski and Anne E. Preston

17927: What Will My Account Really Be Worth? An Experiment on Exponential Growth Bias and Retirement Saving

Gopi Goda, Colleen Flaherty Manchester and Aaron Sojourner

17926: The Free Rider Problem: a Dynamic Analysis

Marco Battaglini, Salvatore Nunnari and Thomas Palfrey

17925: Prices, Markups and Trade Reform

Jan De Loecker, Pinelopi Goldberg, Amit Khandelwal and Nina Pavcnik

17924: Lumpy Investment, Lumpy Inventories

Ruediger Bachmann and Lin Ma

17923: Price Setting with menu cost for Multi-product firms

Fernando E. Alvarez and Francesco Lippi

17922: The Opt-In Revolution? Contraception and the Gender Gap in Wages

Martha Bailey, Brad Hershbein and Amalia Miller

17921: Convective Risk Flows in Commodity Futures Markets

Ing-Haw Cheng, Andrei Kirilenko and Wei Xiong

17920: Debt and Creative Destruction: Why Could Subsidizing Corporate Debt be Optimal?

Zhiguo He and Gregor Matvos

17919: Indirect Tax Initiatives and Global Rebalancing

Chunding Li and John Whalley

17918: Estimating the Relationship between Alcohol Policies and Criminal Violence and Victimization

Sara Markowitz, Erik Nesson, Eileen Poe-Yamagata, Curtis Florence, Partha Deb, Tracy Andrews and Sarah Beth L. Barnett

17917: Game Over: Simulating Unsustainable Fiscal Policy

Richard Evans, Laurence Kotlikoff and Kerk L. Phillips

17916: Evaluating Estimates of Materials Offshoring from U.S. Manufacturing

Robert Feenstra and J. Jensen

17915: You Get a Book! Demand Spillovers, Combative Advertising, and Celebrity Endorsements

Craig L. Garthwaite

17914: Housing Booms and City Centers

Edward Glaeser, Joshua Gottlieb and Kristina Tobio

17913: 'Fiscal Devaluation' and Fiscal Consolidation: The VAT in Troubled Times

Ruud de Mooij and Michael Keen

17912: Improving Police Performance in Rajasthan, India: Experimental Evidence on Incentives, Managerial Autonomy and Training

Abhijit Banerjee, Raghabendra Chattopadhyay, Esther Duflo, Daniel Keniston and Nina Singh

17911: Target-Date Funds in 401(k) Retirement Plans

Olivia Mitchell and Stephen Utkus