NBER Working Papers

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32262: Measuring the Commercial Potential of Science

Roger Masclans, Sharique Hasan and Wesley M. Cohen

32261: 3D-PCA: Factor Models with Restrictions

Martin Lettau

32260: Navigating Higher Education Insurance: An Experimental Study on Demand and Adverse Selection

Sidhya Balakrishnan, Eric Bettinger, Michael Kofoed, Dubravka Ritter, Douglas Webber, Ege Aksu and Jonathan S. Hartley

32259: Effects of COVID-19 Shutdowns on Domestic Violence in the U.S

Yutong Chen, Amalia Miller, Carmit Segal and Melissa Spencer

32258: Tunneling and Hidden Profits in Health Care

Ashvin Gandhi and Andrew Olenski

32257: The Impact of Municipal Broadband Restrictions on COVID-19 Labor Market Outcomes

Saket S. Hegde and Jessica Van Parys

32256: Banks in Space

Ezra Oberfield, Esteban Rossi-Hansberg, Nicholas Trachter and Derek T. Wenning

32255: Scenarios for the Transition to AGI

Anton Korinek and Donghyun Suh

32254: Regulation of Access, Pricing, and Planning of High Voltage Transmission in the U.S

Joe DeLosa, Johannes P. Pfeifenberger and Paul Joskow

32253: The Household Equipment Revolution

Effrosyni Adamopoulou, Jeremy Greenwood and Nezih Guner

32252: Re-assessing the Spatial Mismatch Hypothesis

David Card, Jesse Rothstein and Moises Yi

32251: Non-robustness of Diffusion Estimates on Networks with Measurement Error

Arun Chandrasekhar, Paul Goldsmith-Pinkham, Tyler McCormick, Samuel A. Thau and Jerry Wei

32250: Size Matters: Matching Externalities and the Advantages of Large Labor Markets

Enrico Moretti and Moises Yi

32249: The Effect of Price Caps on Advertising to Physicians: Evidence from the 340b Drug Pricing Program

Sylvia Hristakeva, Julie Mortimer and Eric Yde

32248: Asset Demand and Real Interest Rates

Paul Beaudry, Katya Kartashova and Cesaire Meh

32247: Technological Synergies, Heterogeneous Firms, and Uncertainty Shocks

Jesus Fernandez-Villaverde, Yang Yu and Francesco Zanetti

32246: On the Spatial Determinants of Educational Access

Francesco Agostinelli, Margaux Luflade and Paolo Martellini

32245: Spillovers and Spillbacks

Sushant Acharya and Paolo Pesenti

32244: Adaptation Using Financial Markets: Climate Risk Diversification through Securitization

Matthew Kahn, Amine Ouazad and Erkan Yönder

32243: Community Engagement with Law Enforcement after High-profile Acts of Police Violence

Desmond Ang, Panka Bencsik, Jesse M. Bruhn and Ellora Derenoncourt

32242: Competing Narratives in Action: An Empirical Analysis of Model Adoption Dynamics

Marco Angrisani, Anya Samek and Ricardo Serrano-Padial

32241: Can VAT Cuts and Anti-Profiteering Measures Dampen the Effects of Food Price Inflation?

Youssef Benzarti, Santiago Garriga and Dario Tortarolo

32240: Within-Firm Pay Inequality and Productivity

Melanie Wallskog, Nicholas Bloom, Scott Ohlmacher and Cristina Tello-Trillo

32239: Evaluating and Pricing Health Insurance in Lower-income Countries: A Field Experiment in India

Anup Malani, Cynthia Kinnan, Gabriella Conti, Kosuke Imai, Morgen Miller, Shailender Swaminathan, Alessandra Voena and Bartosz Woda

32238: Sticky Discount Rates

Masao Fukui, Niels Gormsen and Kilian Huber

32237: Central Banking Post Crises

Michael Kiley and Frederic Mishkin

32236: The Effect of Early Childhood Programs on Third-Grade Test Scores: Evidence from Transitional Kindergarten in Michigan

Jordan S. Berne, Brian A. Jacob, Tareena Musaddiq, Anna Shapiro and Christina Weiland

32235: On the Feasibility, Costs, and Benefits of an Immediate Phasedown of Coal for U.S. Electricity Generation

Stephen Holland, Matthew Kotchen, Erin Mansur and Andrew Yates

32234: On Recoding Ordered Treatments as Binary Indicators

Evan K. Rose and Yotam Shem-Tov

32233: Driving Under the Influence of Allergies: The Effect of Seasonal Pollen on Traffic Fatalities

Shooshan Danagoulian and Monica Deza

32232: Air Pollution, Wildfire Smoke, and Worker Health

Marika Cabral and Marcus Dillender

32231: A Practical Guide to Endogeneity Correction Using Copulas

Yi Qian, Anthony Koschmann and Hui Xie

32230: Sectoral Development Multipliers

Francisco Buera and Nicholas Trachter

32229: Toward an Understanding of the Returns to Cognitive Skills Across Cohorts

Judith Hellerstein, Sai Luo and Sergio S. Urzúa

32228: The Market and Climate Implications of U.S. LNG Exports

James Stock and Matthew Zaragoza-Watkins

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: The value of forecasts: Experimental evidence from India

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