NBER Working Papers

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11609: What Did Medicare Do (And Was It Worth It)?

Amy Finkelstein and Robin McKnight

11608: Estimating Bank Trading Risk: A Factor Model Approach

James O'Brien and Jeremy Berkowitz

11607: "Aggregation Bias" DOES Explain the PPP Puzzle

Jean Imbs, Haroon Mumtaz, Morten Ravn and Helene Rey

11606: Euler Equation Errors

Martin Lettau and Sydney Ludvigson

11605: Disability Risk and the Value of Disability Insurance

Amitabh Chandra and Andrew Samwick

11604: Building the Stock of College-Educated Labor

Susan Dynarski

11603: The Industrial Organization of Markets with Two-Sided Platforms

David Evans and Richard Schmalensee

11602: Insurance and Innovation in Health Care Markets

Darius Lakdawalla and Neeraj Sood

11601: Lifecycle Prices and Production

Mark Aguiar and Erik Hurst

11600: Why is Fiscal Policy Often Procyclical?

Alberto Alesina and Guido Tabellini

11599: Workplace Segregation in the United States: Race, Ethnicity, and Skill

Judith Hellerstein and David Neumark

11598: The 2004 Global Labor Survey: Workplace Institutions and Practices Around the World

Davin Chor and Richard Freeman

11597: Do Accountability and Voucher Threats Improve Low-Performing Schools?

David Figlio and Cecilia Rouse

11596: Declining Volatility in the U.S. Automobile Industry

Valerie Ramey and Daniel J. Vine

11595: Why Are Some Public Officials more Corrupt Than Others?

Jennifer Hunt

11594: Wealth Transfers from Implementing Real-Time Retail Electricity Pricing

Severin Borenstein

11593: Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence

Francesco Giavazzi, Tullio Jappelli, Marco Pagano and Marina Benedetti

11592: Eat, Drink, Firms and Government: An Investigation of Corruption from Entertainment and Travel Costs of Chinese Firms

Hongbin Cai, Hanming Fang and Lixin Xu

11591: Evidence that Seat Belts are as Effective as Child Safety Seats in Preventing Death for Children Aged Two and Up

Steven Levitt

11590: Endogenous Fertility, Mortality and Economic Growth: Can a Malthusian Framework Account for the Conflicting Historical Trends in Population?

Isaac Ehrlich and Jinyoung Kim

11589: A Global Perspective on External Positions

Philip Lane and Gian Maria Milesi-Ferretti

11588: Commitment, Risk, and Consumption: Do Birds of a Feather Have Bigger Nests?

Stephen H. Shore and Todd Sinai

11587: The Intergenerational Effect of Worker Displacement

Philip Oreopoulos, Marianne Page and Ann Stevens

11586: Seventy Years of Central Banking: The Bank of Canada in International Context, 1935-2005

Michael Bordo and Angela Redish

11585: Determinants of City Growth in Brazil

Daniel Da Mata, Uwe Deichmann, J. Vernon Henderson, Somik Lall and H.G. Wang

11584: The Super Size of America: An Economic Estimation of Body Mass Index and Obesity in Adults

Inas Rashad, Michael Grossman and Shin-Yi Chou

11583: Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing

Hamid Faruqee, Douglas Laxton, Dirk Muir and Paolo Pesenti

11582: Education and Nonmarket Outcomes

Michael Grossman

11581: What Are Firms? Evolution from Birth to Public Companies

Steven Kaplan, Berk A. Sensoy and Per Stromberg

11580: Fiscal Divergence and Business Cycle Synchronization: Irresponsibility is Idiosyncratic

Zsolt Darvas, Andrew Rose and György Szapáry

11579: How Much Do Banks Use Credit Derivatives to Reduce Risk?

Bernadette A. Minton, René Stulz and Rohan Williamson

11578: Understanding the Effects of Government Spending on Consumption

Jordi Galí, David Lopez-Salido and Javier Valles

11577: Experimental Analysis of Neighborhood Effects

Jeffrey Kling, Jeffrey Liebman and Lawrence Katz

11576: Insuring Consumption and Happiness Through Religious Organizations

Rajeev Dehejia, Thomas DeLeire and Erzo Luttmer

11575: Products and Productivity

Peter Schott, Andrew Bernard and Stephen Redding

11574: Fiscal Policy and the Term Structure of Interest Rates

Qiang Dai and Thomas Philippon

11573: The Economics of Fraudulent Accounting

Simi Kedia and Thomas Philippon

11572: Why Does the Average Price of Tuna Fall During Lent?

Aviv Nevo and Konstantinos Hatzitaskos

11571: Wake Up and Smell the Ginseng: The Rise of Incremental Innovation in Low-Wage Countries

Diego Puga and Daniel Trefler

11570: Diversity and Redistribution

Raquel Fernandez and Gilat Levy

11569: Fertility: The Role of Culture and Family Experience

Raquel Fernandez and Alessandra Fogli

11568: The Impact of Child SSI Enrollment on Household Outcomes: Evidence from the Survey of Income and Program Participation

Mark Duggan and Melissa Kearney

11567: Biology as Destiny? Short and Long-Run Determinants of Intergenerational Transmission of Birth Weight

Janet Currie and Enrico Moretti

11566: The Economics of Workaholism: We Should Not Have Worked on This Paper

Daniel Hamermesh and Joel Slemrod

11565: Collateral Damage: Trade Disruption and the Economic Impact of War

Reuven Glick and Alan Taylor

11564: The Returns on Human Capital: Good News on Wall Street is Bad News on Main Street

Hanno Lustig and Stijn Van Nieuwerburgh

11563: From World Banker to World Venture Capitalist: US External Adjustment and the Exorbitant Privilege

Pierre-Olivier Gourinchas and Helene Rey

11562: The Incredible Volcker Disinflation

Marvin Goodfriend and Robert King

11561: Is Academic Science Driving a Surge in Industrial Innovation? Evidence from Patent Citations

Lee Branstetter and Yoshiaki Ogura

11560: Borrowing Constraints and Consumption Behavior in Japan

Midori Wakabayashi and Charles Horioka

11559: Solving Models with External Habit

Jessica Wachter

11558: Work Disability is a Pain in the *****, Especially in England, The Netherlands, and the United States

James Banks, Arie Kapteyn, James Smith and Arthur van Soest

11557: Real Output in Mental Health Care During the 1990s

Ernst R. Berndt, Alisa B. Busch, Richard G. Frank and Sharon-Lise Normand

11556: The Highest Price Ever: The Great NYSE Seat Sale of 1928-1929 and Capacity Constraints

Lance E. Davis, Larry Neal and Eugene White

11555: Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?

Lucia Foster, John Haltiwanger and Chad Syverson

11554: $100 Bills on the Sidewalk: Suboptimal Investment in 401(k) Plans

James Choi, David Laibson and Brigitte Madrian

11553: Vehicle Choices, Miles Driven, and Pollution Policies

Ye Feng, Don Fullerton and Li Gan

11552: The Diffusion of Mexican Immigrants During the 1990s: Explanations and Impacts

David Card and Ethan Lewis

11551: The Marginal Product of Capital

Francesco Caselli and James Feyrer

11550: Globalization and Emerging Markets: With or Without Crash?

Philippe Martin and Helene Rey

11549: The Formation and Evolution of Physician Treatment Styles: An Application to Cesarean Sections

Andrew Epstein and Sean Nicholson

11548: Apparel Prices 1914-93 and the Hulten/Brueghel Paradox

Robert Gordon

11547: Is the New Immigration Really So Bad?

David Card

11546: An Empirical Model of Growth Through Product Innovation

Rasmus Lentz and Dale Mortensen

11545: The Methods and Careers of Leading American Painters in the late Nineteenth Century

David Galenson

11544: Earnings Functions, Rates of Return and Treatment Effects: The Mincer Equation and Beyond

James Heckman, Lance Lochner and Petra Todd

11543: The Dot-Com Bubble the Bush Deficits, and the U.S. Current Account

Aart Kraay and Jaume Ventura

11542: Academic Freedom, Private-Sector Focus, and the Process of Innovation

Philippe Aghion, Mathias Dewatripont and Jeremy Stein

11541: Is the U.S. Current Account Deficit Sustainable? And If Not, How Costly is Adjustment Likely To Be?

Sebastian Edwards

11540: Competition and Productivity in Japanese Manufacturing Industries

Yosuke Okada

11539: The Collection Efficiency of the Value Added Tax: Theory and International Evidence

Joshua Aizenman and Yothin Jinjarak

11538: Do Macro Variables, Asset Markets or Surveys Forecast Inflation Better?

Andrew Ang, Geert Bekaert and Min Wei

11537: Social Value of Public Information: Morris and Shin (2002) Is Actually Pro Transparency, Not Con

Lars Svensson

11536: Economic Analysis of Corporate and Personal Bankruptcy Law

Michelle White

11535: Incentives and Prosocial Behavior

Roland Benabou and Jean Tirole

11534: How Do House Prices Affect Consumption? Evidence From Micro Data

John Campbell and João F. Cocco

11533: Notes for a Contingent Claims Theory of Limit Order Markets

Bruce N. Lehmann

11532: Digital Rights Management and the Pricing of Digital Products

Yooki Park and Suzanne Scotchmer

11531: Why Do Politicians Delegate?

Alberto Alesina and Guido Tabellini

11530: How Do Friendships Form?

Bruce Sacerdote and David Marmaros

11529: Health Insurance and the Obesity Externality

Jay Bhattacharya and Neeraj Sood

11528: The Anatomy of Start-Stop Growth

Benjamin Jones and Benjamin Olken

11527: Mexican Entrepreneurship: A Comparison of Self-Employment in Mexico and the United States

Robert Fairlie and Christopher Woodruff

11526: Dumb Money: Mutual Fund Flows and the Cross-Section of Stock Returns

Andrea Frazzini and Owen Lamont

11525: Antitrust in Innovative Industries

Ilya Segal and Michael Whinston

11524: The International Dynamics of R&D and Innovation in the Short and in the Long Run

Laura Bottazzi and Giovanni Peri

11523: Monetary Policy Under Uncertainty in Micro-Founded Macroeconometric Models

Andrew Levin, Alexei Onatski, John Williams and Noah Williams

11522: The Impact of Child Support Enforcement on Fertility, Parental Investment and Child Well-Being

Anna Aizer and Sara McLanahan

11521: A Primer on Real Effective Exchange Rates: Determinants, Overvaluation, Trade Flows and Competitive Devaluation

Menzie Chinn

11520: Savings Gluts and Interest Rates: The Missing Link to Europe

Michael Dooley, David Folkerts-Landau and Peter Garber

11519: Evaluating Labor Market Reforms: A General Equilibrium Approach

César Alonso-Borrego, Jesus Fernandez-Villaverde and Jose Galdon-Sanchez

11518: Behavioral Public Economics: Welfare and Policy Analysis with Non-Standard Decision-Makers

B. Douglas Bernheim and Antonio Rangel

11517: Regime-Switching Behavior of the Term Structure of Forward Markets

Elena Tchernykh and William Branson

11516: Do Stronger Intellectual Property Rights Increase International Technology Transfer? Empirical Evidence from U.S. Firm-Level Data

Lee Branstetter, Raymond Fisman and C. Fritz Foley

11515: How the Internet Lowers Prices: Evidence from Matched Survey and Auto Transaction Data

Florian Zettelmeyer, Fiona Scott Morton and Jorge Silva-Risso

11514: Information and Consumer Choice: The Value of Publicized Health Plan Ratings

Ginger Zhe Jin and Alan T. Sorensen

11513: Aid and Growth: What Does the Cross-Country Evidence Really Show?

Raghuram Rajan and Arvind Subramanian

11512: Gender and Assimilation Among Mexican Americans

Francine Blau and Lawrence Kahn

11511: Inequality

Edward Glaeser

11510: Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?

Menzie Chinn and Jeffrey Frankel