NBER Working Papers

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32227: Losing Medicaid and Crime

Monica Deza, Thanh Lu, Johanna Maclean and Alberto Ortega

32226: Fallow Lengths and the Structure of Property Rights

Etienne Le Rossignol, Sara Lowes and Eduardo Montero

32225: Corporate Debt, Boom-Bust Cycles, and Financial Crises

Victoria Ivashina, Sebnem Kalemli-Ozcan, Luc Laeven and Karsten Müller

32224: Health Shocks under Hospital Capacity Constraint: Evidence from Air Pollution in Sao Paulo, Brazil

Bruna Guidetti, Paula Pereda and Edson Severnini

32223: The Causal Effect of Parents’ Education on Children’s Earnings

Sang Yoon (Tim) Lee, Nicolas Roys and Ananth Seshadri

32222: Non-Binary Gender Economics

Katherine B. Coffman, Lucas Coffman and Keith Marzilli Ericson

32221: Are Supply Networks Efficiently Resilient?

Agostino Capponi, Chuan Du and Joseph Stiglitz

32220: Movies

Stelios Michalopoulos and Christopher Rauh

32219: Navigating by Falling Stars: Monetary Policy with Fiscally Driven Natural Rates

Rodolfo Campos, Jesus Fernandez-Villaverde, Galo Nuño Barrau and Peter Paz

32218: Weathering the Storm: Supply Chains and Climate Risk

Juanma Castro-Vincenzi, Gaurav Khanna, Nicolas Morales and Nitya Pandalai-Nayar

32217: The Feasibility of Using Bayh-Dole March-In Rights to Lower Drug Prices: An Update

Lisa Ouellette and Bhaven Sampat

32216: Equilibrium Responses to Price Controls: A Supply-Chain Approach

Casey Mulligan

32215: Product Liability Litigation and Innovation: Evidence from Medical Devices

Alberto Galasso and Hong Luo

32214: Behavioral Sticky Prices

Sergio Rebelo, Miguel Santana and Pedro Teles

32213: The Puzzling Persistence of Financial Crises

Charles Calomiris and Matthew Jaremski

32212: Persistent Effects of Social Program Participation on the Third Generation

Gordon Dahl and Anne Gielen

32211: A Housing Portfolio Channel of QE Transmission

Dominik Boddin, Daniel te Kaat, Chang Ma and Alessandro Rebucci

32210: Portfolio Flows and Household Portfolios

Daniel te Kaat, Chang Ma and Alessandro Rebucci

32209: Housing Speculation, GSEs, and Credit Market Spillovers

Natee Amornsiripanitch, Philip E. Strahan, Song Zhang and Xiang Zheng

32208: Do People Report Happiness Accurately?

James Andreoni, B. Douglas Bernheim and Tingyan Jia

32207: A Supply Curve for Forest-Based CO₂ Removal

Sergio L. Franklin and Robert Pindyck

32206: New Area- and Population-based Geographic Crosswalks for U.S. Counties and Congressional Districts, 1790–2020

Andreas Ferrara, Patrick Testa and Liyang Zhou

32205: Decarbonizing Aviation: Cash-for-Clunkers in the Airline Industry

Jan Brueckner, Matthew Kahn and Jerry Nickelsburg

32204: The Multigenerational Impact of Children and Childcare Policies

Sencer Karademir, Jean-William Laliberté and Stefan Staubli

32203: Inequality Within Countries is Falling: Underreporting-Robust Estimates of World Poverty, Inequality and the Global Distribution of Income

Maxim Pinkovskiy, Xavier Sala-i-Martin, Kasey Chatterji-Len and William H. Nober

32202: Globalization and Profitability of US Firms: The Role of Intangibles

Bullipe R. Chintha, Ravi Jagannathan and Sri S. Sridhar

32201: Is There Information in Corporate Acquisition Plans?

Sinan Gokkaya, Xi Liu and René M. Stulz

32200: Welfare and the Act of Choosing

B. Douglas Bernheim, Kristy Kim and Dmitry Taubinsky

32199: Why Survey-Based Subjective Expectations are Meaningful and Important

Francesco D’Acunto and Michael Weber

32198: Uncertainty or Frictions? A Quantitative Model of Scarce Safe Assets

Cosmin Ilut, Pavel Krivenko and Martin Schneider

32197: Climate Change Economics over Time and Space

Klaus Desmet and Esteban Rossi-Hansberg

32196: Long Term Care Risk for Couples and Singles

Elena Capatina, Gary Hansen and Minchung Hsu

32195: Temperature Extremes Impact Mortality and Morbidity Differently

Carlos F. Gould, Sam Heft-Neal, Alexandra K. Heaney, Eran Bendavid, Christopher W. Callahan, Mathew Kiang, Joshua Graff Zivin and Marshall Burke

32194: What Drives Inflation? Lessons from Disaggregated Price Data

Elisa Rubbo

32193: Appropriate Entrepreneurship? The Rise of China and the Developing World

Josh Lerner, Junxi Liu, Jacob Moscona and David Yang

32192: Innovation: The Bright Side of Common Ownership?

Miguel Antón, Florian Ederer, Mireia Gine and Martin Schmalz

32191: The How and Why of Household Reactions to Income Shocks

Roberto Colarieti, Pierfrancesco Mei and Stefanie Stantcheva

32190: Capital and Wages

Daron Acemoglu

32189: The Mortality Effects of Healthcare Consolidation: Evidence from Emergency Department Closures

Pinka Chatterji, Chun-Yu Ho and Xue Wu

32188: International Trade and Macroeconomic Dynamics with Sanctions

Fabio Ghironi, Daisoon Kim and Galip Ozhan

32187: The Role of Advertisers and Platforms in Monetizing Misinformation: Descriptive and Experimental Evidence

Wajeeha Ahmad, Ananya Sen, Chuck Eesley and Erik Brynjolfsson

32186: Friends with Benefits: Social Capital and Household Financial Behavior

Brad Cannon, David Hirshleifer and Joshua Thornton

32185: Optimal Urban Transportation Policy: Evidence from Chicago

Milena Almagro, Felipe Barbieri, Juan Castillo, Nathaniel G. Hickok and Tobias Salz

32184: Finance in a Time of Disruptive Growth

Nicolae B. Gârleanu and Stavros Panageas

32183: Venture Debt

Adair Morse

32182: The Distributional Effects of Asset Returns

Jesus Fernandez-Villaverde and Oren Levintal

32181: Genetic Risk for Alzheimer’s Disease and Related Dementias: Cognition, Economic Behavior, and Actionable Information

Yeongmi Jeong, Nicholas Papageorge, Meghan Skira and Kevin Thom

32180: Tax Policy and Investment in a Global Economy

Gabriel Chodorow-Reich, Matthew Smith, Owen Zidar and Eric Zwick

32179: Do For-Profit Hospitals Cream-Skim Patients? Evidence from Inpatient Psychiatric Care in California

Donghoon Lee, Anirban Basu, Jerome A. Dugan and Pinar Karaca-Mandic

32178: The IPCC Shared Socioeconomic Pathways (SSPs): Explained, Evaluated, Replaced

Ivo Welch

32177: Diversity and Discrimination in the Classroom

Dan Anderberg, Gordon Dahl, Christina Felfe, Helmut Rainer and Thomas Siedler

32176: The Secular Decline of Bank Balance Sheet Lending

Greg Buchak, Gregor Matvos, Tomasz Piskorski and Amit Seru

32175: From Dominant to Producer Currency Pricing: Dynamics of Chilean Exports

Jose De Gregorio, Pablo Garcia Silva, Emiliano Luttini and Marco Rojas

32174: Sectoral Debt and Global Dollar Cycles in Developing Economies

Bada Han, Rashad Ahmed, Joshua Aizenman and Yothin Jinjarak

32173: Long-Range Forecasts As Climate Adaptation: Experimental Evidence From Developing-Country Agriculture

Fiona Burlig, Amir Jina, Erin M. Kelley, Gregory V. Lane and Harshil Sahai

32172: The Slanted-L Phillips Curve

Pierpaolo Benigno and Gauti Eggertsson

32171: Competitive Job Seekers: When Sharing Less Leaves Firms at a Loss

Gaurav Chiplunkar, Erin M. Kelley and Gregory V. Lane

32170: Do Information Frictions and Corruption Perceptions Kill Competition? A Field Experiment On Public Procurement in Uganda

Emanuele Colonnelli, Francesco Loiacono, Edwin Muhumuza and Edoardo Teso

32169: Demand Shocks as Technology Shocks

Yan Bai, José-Víctor Ríos-Rull and Kjetil Storesletten

32168: Climate Policy Reform Options in 2025

John Bistline, Kimberly Clausing, Neil Mehrotra, James Stock and Catherine Wolfram

32167: Do Medical Treatments Work for Work? Evidence from Breast Cancer Patients

N. Meltem Daysal, William Evans, Mikkel Hasse Pedersen and Mircea Trandafir

32166: On the Effects of Monetary Policy Shocks on Income and Consumption Heterogeneity

Minsu Chang and Frank Schorfheide

32165: Early Childhood Intervention for the Poor: Long Term Outcomes

Alison Andrew, Orazio Attanasio, Britta Augsburg, Lina Cardona-Sosa, Monimalika Day, Michele Giannola, Sally Grantham-McGregor, Pamela Jervis, Costas Meghir and Marta Rubio-Codina

32164: Heterogeneity, Uncertainty and Learning: Semiparametric Identification and Estimation

Jackson Bunting, Paul Diegert and Arnaud Maurel

32163: The Cost of Money is Part of the Cost of Living: New Evidence on the Consumer Sentiment Anomaly

Marijn Bolhuis, Judd N. L. Cramer, Karl Oskar Schulz and Lawrence Summers

32162: English Language Requirement and Educational Inequality: Evidence from 16 Million College Applicants in China

Hongbin Li, Lingsheng Meng, Kai Mu and Shaoda Wang

32161: ChatGPT and Corporate Policies

Manish Jha, Jialin Qian, Michael Weber and Baozhong Yang

32160: The Long-term Effects of Inflation on Inflation Expectations

Fabio Braggion, Felix von Meyerinck, Nic Schaub and Michael Weber

32159: On Digital Currencies

Harald Uhlig

32158: How Do Voters Respond to Welfare Vis-a-Vis Public Good Programs? Theory and Evidence of Political Clientelism

Pranab Bardhan, Sandip Mitra, Dilip Mookherjee and Anusha Nath

32157: Declining Clientelism of Welfare Benefits? Targeting and Political Competition based Evidence from an Indian state

Pushkar Maitra, Sandip Mitra, Dilip Mookherjee and Sujata Visaria

32156: Content Moderation with Opaque Policies

Scott Kominers and Jesse Shapiro

32155: Information-Based Pricing in Specialized Lending

Kristian Blickle, Zhiguo He, Jing Huang and Cecilia Parlatore

32154: Gender Differences in Negotiations and Labor Market Outcomes: Evidence from an Information Intervention with College Students

Patricia Cortés, Jacob French, Jessica Pan and Basit Zafar

32153: Taxing Top Wealth: Migration Responses and their Aggregate Economic Implications

Katrine Jakobsen, Henrik Kleven, Jonas Kolsrud, Camille Landais and Mathilde Muñoz

32152: Smooth Diagnostic Expectations

Francesco Bianchi, Cosmin Ilut and Hikaru Saijo

32151: The Essential Role of Altruism in Medical Decision Making

Paul Gertler and Ada Kwan

32150: Trade War and Peace: U.S.-China Trade and Tariff Risk from 2015–2050

George Alessandria, Shafaat Khan, Armen Khederlarian, Kim Ruhl and Joseph Steinberg

32149: A Cognitive Foundation for Perceiving Uncertainty

Aislinn Bohren, Josh Hascher, Alex Imas, Michael Ungeheuer and Martin Weber

32148: Understanding the Demand-Side of an Illegal Market: Prohibition of Menthol Cigarettes

Donald Kenkel, Alan Mathios, Grace N. Phillips, Revathy Suryanarayana, Hua Wang and Sen Zeng

32147: Misallocation and Asset Prices

Winston Dou, Yan Ji, Di Tian and Pengfei Wang

32146: Data, Privacy Laws and Firm Production: Evidence from the GDPR

Mert Demirer, Diego J. Jiménez Hernández, Dean Li and Sida Peng

32145: Climate Change, Population Growth, and Population Pressure

J. Vernon Henderson, Bo Yeon Jang, Adam Storeygard and David Weil

32144: Labor Migration, Capital Accumulation, and the Structure of Rural Labor Markets

Taryn Dinkelman, Grace Kumchulesi and Martine Mariotti

32143: Technology Regulation Reconsidered: The Effects of Certificate of Need Policies on the Quantity and Quality of Diagnostic Imaging

Jill Horwitz, Austin Nichols, Carrie Colla and David Cutler

32142: Invoice Currency Choice in Intra-Firm Trade: A Transaction-Level Analysis of Japanese Automobile Exports

Taiyo Yoshimi, Uraku Yoshimoto, Kiyotaka Sato, Takatoshi Ito, Junko Shimizu and Yushi Yoshida

32141: How Managers Can Use Purchaser Performance Information to Improve Procurement Efficiency

Pablo Celhay, Paul Gertler, Marcelo Olivares and Raimundo Undurraga

32140: Applying AI to Rebuild Middle Class Jobs

David Autor

32139: Out-group Penalties in Refugee Assistance: A Survey Experiment

Cristina Cattaneo, Daniela Grieco, Nicola Lacetera and Mario Macis

32138: Tariff Rate Uncertainty and the Structure of Supply Chains

Sebastian Heise, Justin Pierce, Georg Schaur and Peter Schott

32137: Monetary Policy Wedges and the Long-term Liabilities of Households and Firms

Jules van Binsbergen and Marco Grotteria

32136: The Government Patent Register: A New Resource for Measuring U.S. Government-Funded Patenting

Daniel Gross and Bhaven Sampat

32135: Discrete Choice, Complete Markets, and Equilibrium

Simon Mongey and Michael Waugh

32134: Behavioral Responses to Wealth Taxation: Evidence from Colombia

Juliana Londoño-Vélez and Javier Avila-Mahecha

32133: What Drives U.S. Import Price Inflation?

Mary Amiti, Oleg Itskhoki and David Weinstein

32132: Making a Song and Dance About It: The Effectiveness of Teaching Children Vocabulary with Animated Music Videos

Ariel Kalil, Susan Mayer, Philip Oreopoulos and Rohen Shah

32131: Populism, Polarization and Green Investment

Anders Anderson and David Robinson

32130: Declining Responsiveness at the Establishment Level: Sources and Productivity Implications

Russell Cooper, John Haltiwanger and Jonathan Willis

32129: Exorbitant Privilege and the Sustainability of US Public Debt

Jason Choi, Duong Q. Dang, Rishabh Kirpalani and Diego J. Perez

32128: The Role of International Financial Integration in Monetary Policy Transmission

Jing Cynthia Wu, Yinxi Xie and Ji Zhang