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NBER Working Papers

From National Bureau of Economic Research, Inc
National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A..
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12509: Public & Private Spillovers, Location and the Productivity of Pharmaceutical Research Downloads
Jeffrey L. Furman, Margaret Kyle, Iain Cockburn and Rebecca Henderson
12508: Peers at Work Downloads
Alexandre Mas and Enrico Moretti
12507: An Experimental Test of Criminal Behavior Among Juveniles and Young Adults Downloads
Michael S. Visser, William Harbaugh and Naci Mocan
12506: Willingness to Pay for Drug Rehabilitation: Implications for Cost Recovery Downloads
David Bishai and Jody Sindelar
12505: A New Framework for the Analysis of Inequality Downloads
Flavio Cunha and James Heckman
12504: The Effect of State Community Rating Regulations on Premiums and Coverage in the Individual Health Insurance Market Downloads
Bradley Herring and Mark V. Pauly
12503: Rules Rather Than Discretion: Lessons from Hurricane Katrina Downloads
Howard Kunreuther and Mark Pauly
12502: The Tradeoff Between Mortgage Prepayments and Tax-Deferred Retirement Savings Downloads
Gene Amromin, Jennifer Huang and Clemens Sialm
12501: The Cost of Banking Regulation Downloads
Luigi Guiso, Paola Sapienza and Luigi Zingales
12500: Look at Me Now: What Attracts U.S. Shareholders? Downloads
John Ammer, Sara B. Holland, David C. Smith and Francis Warnock
12499: A Conceptual World: Why the Art of the Twentieth Century is So Different From the Art of All Earlier Centuries Downloads
David Galenson
12498: Unemployment Fluctuations With Staggered Nash Wage Bargaining Downloads
Mark Gertler and Antonella Trigari
12497: Rethinking the Effects of Immigration on Wages Downloads
Gianmarco Ottaviano and Giovanni Peri
12496: The Forward Market in Emerging Currencies: Less Biased Than in Major Currencies Downloads
Jeffrey Frankel and Jumana Poonawala
12495: The International Role of the Dollar and Trade Balance Adjustment Downloads
Linda Goldberg and Cédric Tille
12494: Exploring Gender Differences in Employment and Wage Trends Among Less-Skilled Workers Downloads
Rebecca Blank and Heidi Shierholz
12493: Transfer Pricing by U.S.-Based Multinational Firms Downloads
Andrew Bernard, J. Jensen and Peter Schott
12492: Changes in the Federal Reserve's Inflation Target: Causes and Consequences Downloads
Peter Ireland
12491: Swiss Exchange Rate Policy in the 1930s. Was the Delay in Devaluation Too High a Price to Pay for Conservatism? Downloads
Michael Bordo, Thomas Helbling and Harold James
12490: How Corruption Hits People When They Are Down Downloads
Jennifer Hunt
12489: The Returns to Currency Speculation Downloads
Craig Burnside, Martin Eichenbaum, Isaac Kleshchelski and Sergio Rebelo
12488: Quantifying Equilibrium Network Externalities in the ACH Banking Industry Downloads
Daniel Ackerberg and Gautam Gowrisankaran
12487: The Equity Premium Implied by Production Downloads
Urban Jermann
12486: Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development Downloads
Laarni Bulan, Christopher Mayer and Craig Somerville
12485: The Consequences of Teenage Childbearing Downloads
Adam Ashcraft and Kevin Lang
12484: Financial Globalization: A Reappraisal Downloads
Ayhan Kose, Eswar Prasad, Kenneth Rogoff and Shang-Jin Wei
12483: Productivity, External Balance and Exchange Rates: Evidence on the Transmission Mechanism Among G7 Countries Downloads
Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
12482: Globalization and Risk Sharing Downloads
Jaume Ventura and Fernando Broner
12481: Conventional and Unconventional Approaches to Exchange Rate Modeling and Assessment Downloads
Menzie Chinn and Ron Alquist
12480: Welfare Reform, Work Requirements, and Employment Barriers Downloads
Ellen Meara and Richard Frank
12479: The "Names Game": Harnessing Inventors' Patent Data for Economic Research Downloads
Manuel Trajtenberg, Gil Shiff and Ran Melamed
12478: First Do No Harm?: Tort Reform and Birth Outcomes Downloads
Janet Currie and W. Bentley Macleod
12477: A Theory of Demand Shocks Downloads
Guido Lorenzoni
12476: Modern Macroeconomics in Practice: How Theory is Shaping Policy Downloads
Patrick Kehoe and Varadarajan Chari
12475: Capital Deepening and Non-Balanced Economic Growth Downloads
Daron Acemoglu and Veronica Guerrieri
12474: Competition, Innovation and Growth with Limited Commitment Downloads
Ramon Marimon and Vincenzo Quadrini
12473: Understanding International Portfolio Diversification and Turnover Rates Downloads
Amir Amadi and Paul Bergin
12472: Smoke Signals: Adolescent Smoking and School Continuation Downloads
Philip J Cook and Rebecca Hutchinson
12471: Should Sixth Grade be in Elementary or Middle School? An Analysis of Grade Configuration and Student Behavior Downloads
Philip J Cook, Robert MacCoun, Clara Muschkin and Jacob Vigdor
12470: Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints Downloads
Tommaso Monacelli
12469: Learning-by-Producing and the Geographic Links Between Invention and Production: Experience From the Second Industrial Revolution Downloads
Dhanoos Sutthiphisal
12468: Fraternity Membership and Binge Drinking Downloads
Jeffrey DeSimone
12467: Consumption Commitments and Risk Preferences Downloads
Raj Chetty and Adam Szeidl
12466: Stature and Status: Height, Ability, and Labor Market Outcomes Downloads
Anne Case and Christina Paxson
12465: How has CEO Turnover Changed? Increasingly Performance Sensitive Boards and Increasingly Uneasy CEOs Downloads
Steven Kaplan and Bernadette Minton
12464: The Return to English in a Non-English Speaking Country: Russian Immigrants and Native Israelis in Israel Downloads
Kevin Lang and Erez Siniver
12463: Why Have Corporate Tax Revenues Declined? Another Look Downloads
Alan Auerbach
12462: The Bond Market's q Downloads
Thomas Philippon
12461: Benchmarking Money Manager Performance: Issues and Evidence Downloads
Josef Lakonishok, Louis Chan and Stephen Dimmock
12460: Euro-Productivity and Euro-Jobs since the 1960s: Which Institutions Really Mattered? Downloads
Gayle Allard and Peter Lindert
12459: Science and Industry: Tracing the Flow of Basic Research through Manufacturing and Trade Downloads
James Adams and Roger Clemmons
12458: Youth Smoking, Cigarette Prices, and Anti-Smoking Sentiment Downloads
Philip DeCicca, Donald Kenkel, Alan Mathios, Yoon-Jeong Shin and Jae-Young Lim
12457: Openness and Industrial Responses in a Wal-Mart World: A Case Study of Mexican Soaps, Detergents and Surfactant Producers Downloads
Beata Javorcik, Wolfgang Keller and James Tybout
12456: Stochastic Components of Individual Consumption: A Time Series Analysis of Grouped Data Downloads
Orazio Attanasio and Margherita Borella
12455: Contractual Tradeoffs and SMEs Choice of Organizational Form, A View from U.S. and French History, 1830-2000 Downloads
Naomi R. Lamoreaux and Jean-Laurent Rosenthal
12454: Can Central Banks Target Bond Prices? Downloads
Kenneth Kuttner
12453: On the Consequences of Demographic Change for Rates of Returns to Capital, and the Distribution of Wealth and Welfare Downloads
Dirk Krueger and Alexander Ludwig
12452: Myopia and the Effects of Social Security and Capital Taxation on Labor Supply Downloads
Louis Kaplow
12451: Insurance Underwriter or Financial Development Fund: What Role for Reserve Pooling in Latin America? Downloads
Barry Eichengreen
12450: Democracy and Globalization Downloads
Barry Eichengreen
12449: Reflections on U.S. Disaster Insurance Policy for the 21st Century Downloads
Howard Kunreuther
12448: Electoral Uncertainty and the Volatility of International Capital Flows Downloads
Roberto Chang
12447: Employer Matching and 401(k) Saving: Evidence from the Health and Retirement Study Downloads
Gary V. Engelhardt and Anil Kumar
12446: Goals and Plans in Protective Decision Making Downloads
David H. Krantz and Howard Kunreuther
12445: Moral Hazard, Adverse Selection and Health Expenditures: A Semiparametric Analysis Downloads
Patrick Bajari, Han Hong and Ahmed Khwaja
12444: Financial Innovation for an Aging World Downloads
Olivia Mitchell, John Piggott, Michael Sherris and Shaun Yow
12443: The Welfare Consequences of ATM Surcharges: Evidence from a Structural Entry Model Downloads
Gautam Gowrisankaran and John Krainer
12442: Expectations, Asset Prices, and Monetary Policy: The Role of Learning Downloads
Simon Gilchrist and Masashi Saito
12441: E-Stability vis-a-vis Determinacy Results for a Broad Class of Linear Rational Expectations Models Downloads
Bennett McCallum
12440: Schooling Externalities, Technology and Productivity: Theory and Evidence from U.S. States Downloads
Susana Iranzo and Giovanni Peri
12439: Home and Regional Biases and Border Effects in Armington Type Models Downloads
John Whalley and Xian Xin
12438: Regulatory Exploitation and the Market for Corporate Controls Downloads
Leemore Dafny and David Dranove
12437: How Do Youth with Mental Disorders Fare in the Juvenile Justice System? Downloads
Pinka Chatterji and Alison Cuellar
12436: The Growth in the Social Security Disability Rolls: A Fiscal Crisis Unfolding Downloads
David Autor and Mark Duggan
12435: Reaching for the Stars: Who Pays for Talent in Innovative Industries? Downloads
Fredrik Andersson, Matthew Freedman, John Haltiwanger, Julia Lane and Kathryn Shaw
12434: The Equity Premium in India Downloads
Rajnish Mehra
12433: Recursive Competitive Equilibrium Downloads
Rajnish Mehra
12432: On the Determinants of Exporters' Currency Pricing: History vs. Expectations Downloads
Shin-ichi Fukuda and Masanori Ono
12431: The Direct Substitution Between Government and Private Consumption in East Asia Downloads
Yum K. Kwan
12430: Employment and Adverse Selection in Health Insurance Downloads
Jayanta Bhattacharya and William Vogt
12429: Health Insurance Enrollment Decisions: Preferences for Coverage, Worker Sorting, and Insurance Take Up Downloads
Alan C. Monheit and Jessica Primoff Vistnes
12428: Corruption Perceptions vs. Corruption Reality Downloads
Benjamin Olken
12427: Policy Options for Financing the Future Health and Long-Term Care Costs in Japan Downloads
Tadashi Fukui and Yasushi Iwamoto
12426: Reflections on One Year at the Bank of Israel Downloads
Stanley Fischer
12425: Evaluating Wireless Carrier Consolidation Using Semiparametric Demand Estimation Downloads
Patrick Bajari, Jeremy Fox and Stephen Ryan
12424: Cohort Crowding: How Resources Affect Collegiate Attainment Downloads
John Bound and Sarah Turner
12423: Parallel Imports and Price Controls Downloads
Gene Grossman and Edwin Lai
12422: Cross-Border Acquisitions and Target Firms' Performance: Evidence From Japanese Firm-Level Data Downloads
Kyoji Fukao, Keiko Ito, Hyeog Ug Kwon and Miho Takizawa
12421: The Consumption-Tightness Puzzle Downloads
Morten Ravn
12420: Noisy Macroeconomic Announcements, Monetary Policy, and Asset Prices Downloads
Roberto Rigobon and Brian Sack
12419: Optimal Taxation of Entrepreneurial Capital with Private Information Downloads
Stefania Albanesi
12418: When Knowledge is not Enough: HIV/AIDS Information and Risky Behavior in Botswana Downloads
James Levinsohn, Taryn Dinkelman and Rolang Majelantle
12417: The Effect of Anticipated Tax Changes on Intertemporal Labor Supply and the Realization of Taxable Income Downloads
W. Looney and Monica Singhal
12416: Military Positions and Post-Service Occupational Mobility of Union Army Veterans, 1861-1880 Downloads
Chulhee Lee
12415: Cyclical Wages in a Search-and-Bargaining Model with Large Firms Downloads
Julio Rotemberg
12414: What Determines Immigration's Impact? Comparing Two Global Centuries Downloads
Timothy Hatton and Jeffrey Williamson
12413: Intra-Day Seasonality in Activities of the Foreign Exchange Markets: Evidence From the Electronic Broking System Downloads
Takatoshi Ito and Yuko Hashimoto
12412: Intertemporal Consumption Choices, Transaction Costs and Limited Participation to Financial Markets: Reconciling Data and Theory Downloads
Orazio Attanasio and Monica Paiella
12411: Skill Acquisition, Credit Constraints, and Trade Downloads
Tatyana Chesnokova and Kala Krishna
12410: The Church vs the Mall: What Happens When Religion Faces Increased Secular Competition? Downloads
Jonathan Gruber and Daniel Hungerman
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