NBER Working Papers

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11778: The 1920s and the 1990s in Mutual Reflection

Robert Gordon

11777: What Caused the Decline in U.S. Business Cycle Volatility?

Robert Gordon

11776: A Century of Housing Shelter Prices: Is There a Downward Bias in the CPI?

Robert Gordon and Todd vanGoethem

11775: Roughing it Up: Including Jump Components in the Measurement, Modeling and Forecasting of Return Volatility

Torben Andersen, Tim Bollerslev and Francis Diebold

11774: The Complementary Role of Exports and R&D Investments as Sources of Productivity Growth

Bee Yan Aw, Mark Roberts and Tor Winston

11773: How Does Information Technology Really Affect Productivity? Plant-Level Comparisons of Product Innovation, Process Improvement and Worker Skills

Ann P. Bartel, Casey Ichniowski and Kathryn Shaw

11772: The Creation of the Rule of Law and the Legitimacy of Property Rights: The Political and Economic Consequences of a Corrupt Privatization

Karla Hoff and Joseph Stiglitz

11771: Interest Rates, Exchange Rates and International Adjustment

Michael Dooley, David Folkerts-Landau and Peter Garber

11770: Drug Advertising and Health Habit

Toshiaki Iizuka and Ginger Zhe Jin

11769: What Defines "News" in Foreign Exchange Markets?

Kathryn Dominguez and Freyan Panthaki

11768: Electronic Filing, Tax Preparers, and Participation in the Earned Income Tax Credit

Wojciech Kopczuk and Cristian Pop-Eleches

11767: To Leave or Not To Leave: The Distribution of Bequest Motives

Wojciech Kopczuk and Joseph Lupton

11766: Unobserved Actions of Mutual Funds

Marcin Kacperczyk, Clemens Sialm and Lu Zheng

11765: Internet Advertising and the Generalized Second Price Auction: Selling Billions of Dollars Worth of Keywords

Benjamin Edelman, Michael Ostrovsky and Michael Schwarz

11764: General Equilibrium Analysis of the Eaton-Kortum Model of International Trade

Fernando Alvarez and Robert Lucas

11763: A Simple Test of Adverse Events and Strategic Timing Theories of Consumer Bankruptcy

Li Gan and Tarun Sabarwal

11762: Cities and Countries

Andrew Rose

11761: Current Account Balances, Financial Development and Institutions: Assaying the World "Savings Glut"

Menzie Chinn and Hiro Ito

11760: Why do Unemployment Benefits Raise Unemployment Durations? Moral Hazard vs. Liquidity

Raj Chetty

11759: How's the Job? Well-Being and Social Capital in the Workplace

John F. Heliwell and Haifang Huang

11758: The Role of Beliefs in Inference for Rational Expectations Models

Bruce N. Lehmann

11757: An Information-Based Trade Off between Foreign Direct Investment and Foreign Portfolio Investment

Itay Goldstein and Assaf Razin

11756: Tax Changes and Asset Pricing: Time-Series Evidence

Clemens Sialm

11755: Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets

Xavier Gabaix and David Laibson

11754: The Transformation of Hunger: The Demand for Calories Past and Present

Trevon Logan

11753: Monitoring Corruption: Evidence from a Field Experiment in Indonesia

Benjamin Olken

11752: Buyer Investment, Product Variety, and Intrafirm Trade

Robert Feenstra and Yongmin Chen

11751: Why Don't More Puerto Rican Men Work? The Rich Uncle (Sam) Hypothesis

Maria Enchautegui and Richard Freeman

11750: European Unemployment: The Evolution of Facts and Ideas

Olivier Blanchard

11749: Can IT be Japan's Savior?

Fumio Hayashi and Koji Nomura

11748: Understanding Order Flow

Martin Evans and Richard Lyons

11747: Socially Responsible Investment in Japanese Pensions

Henry Hongbo Jin, Olivia Mitchell and John Piggott

11746: A Dynamic Measure of Inflation

Ricardo Reis

11745: A Customs Union with Multinational Firms: The Automobile Market in Argentina and Brazil

Irene Brambilla

11744: "The War for the Fare": How Driver Compensation Affects Bus System Performance

Ryan M. Johnson, David Reiley and Juan Carlos Munoz

11743: Do Temporary Help Jobs Improve Labor Market Outcomes for Low-Skilled Workers? Evidence from 'Work First'

David Autor and Susan Houseman

11742: Temporary Agency Employment as a Way out of Poverty?

David Autor and Susan Houseman

11741: Default Risk Sharing Between Banks and Markets: The Contribution of Collateralized Debt Obligations

Günter Franke and Jan Krahnen

11740: Hard Targets: Theory and Evidence on Suicide Attacks

Eli Berman and David Laitin

11739: Identifying Age, Cohort and Period Effects in Scientific Research Productivity: Discussion and Illustration Using Simulated and Actual Data on French Physicists

Bronwyn Hall, Jacques Mairesse and Laure Turner

11738: Debiasing through Law

Christine Jolls and Cass Sunstein

11737: Underground Gun Markets

Philip J Cook, Jens Ludwig, Sudhir Venkatesh and Anthony A. Braga

11736: Stock Returns and Expected Business Conditions: Half a Century of Direct Evidence

Sean D. Campbell and Francis Diebold

11735: A Portfolio View of Consumer Credit

David K. Musto and Nicholas Souleles

11734: Usury Ceilings, Relationships and Bank Lending Behavior: Evidence from Nineteenth Century

Howard Bodenhorn

11733: Monetary Policy with Model Uncertainty: Distribution Forecast Targeting

Lars Svensson and Noah Williams

11732: Colorism and African American Wealth: Evidence from the Nineteenth-Century South

Howard Bodenhorn and Christopher Ruebeck

11731: Precautionary Savings and the Importance of Business Owners

Erik Hurst, Arthur Kennickell, Annamaria Lusardi and Francisco Torralba

11730: Mughal Decline, Climate Change, and Britain's Industrial Ascent: An Integrated Perspective on India's 18th and 19th Century Deindustrialization

David Clingingsmith and Jeffrey Williamson

11729: Behavioral Responses to Taxes: Lessons from the EITC and Labor Supply

Nada Eissa and Hilary Hoynes

11728: Has Financial Development Made the World Riskier?

Raghuram Rajan

11727: U.S. v. Microsoft: Did Consumers Win?

David Evans, Albert L. Nichols and Richard Schmalensee

11726: Turning Workers into Savers? Incentives, Liquidity, and Choice in 401(k) Plan Design

Olivia Mitchell, Stephen P. Utkus and Tongxuan (Stella) Yang

11725: Using Experimental Economics to Measure the Effects of a Natural Educational Experiment on Altruism

Eric Bettinger and Robert Slonim

11724: Assessing the Safety and Efficacy of the FDA: The Case of the Prescription Drug User Fee Acts

Tomas Philipson, Ernst R. Berndt, Adrian H. B. Gottschalk and Matthew W. Strobeck

11723: Moral Hazard in Nursing Home Use

David C. Grabowski and Jonathan Gruber

11722: Institutional Investors and Stock Market Volatility

Xavier Gabaix, Parameswaran Gopikrishnan, Vasiliki Plerou and H. Eugene Stanley

11721: Training, Wages, and Sample Selection: Estimating Sharp Bounds on Treatment Effects

David S. Lee

11720: Local Public Good Provision: Voting, Peer Effects, and Mobility

Stephen Calabrese, Dennis Epple, Thomas Romer and Holger Sieg

11719: Supply Capacity, Vertical Specialization and Tariff Rates: The Implications for Aggregate U.S. Trade Flow Equations

Menzie Chinn

11718: Y2K and Offshoring: The Role of External Economies and Firm Heterogeneity

Devashish Mitra and Priya Ranjan

11717: Foreign Direct Investment and Domestic Economic Activity

Mihir A. Desai, C. Fritz Foley and James Hines

11716: A Political-Economy Theory of Trade Agreements

Giovanni Maggi and Andres Rodriguez-Clare

11715: Do the Young British Artists Rule (or: Has London Stolen the Idea of Postmodern Art from New York?): Evidence from the Auction Market

David Galenson

11714: Review of A History of the Federal Reserve. Volume 1 (2003) by Allan H. Meltzer

Michael Bordo

11713: Monetary and Exchange Rate Policy Coordination in ASEAN 1

William Branson and Conor N. Healy

11712: Changing Looks and Changing "Discrimination:" The Beauty of Economists

Daniel Hamermesh

11711: Dams

Esther Duflo and Rohini Pande

11710: Job Hopping in Silicon Valley: Some Evidence Concerning the Micro-Foundations of a High Technology Cluster

Bruce Fallick, Charles A. Fleischmann and James Rebitzer

11709: Consumption Smoothing and the Welfare Consequences of Social Insurance in Developing Economies

Raj Chetty and W. Looney

11708: Income Risk and the Benefits of Social Insurance: Evidence from Indonesia and the United States

Raj Chetty and W. Looney

11707: The Effects of Cardiac Specialty Hospitals on the Cost and Quality of Medical Care

Jason R. Barro, Robert Huckman and Daniel P. Kessler

11706: A Re-Examination of the Border Effect

Yuriy Gorodnichenko and Linda Tesar

11705: Does the Profit Motive Make Jack Nimble? Ownership Form and the Evolution of the U.S. Hospital Industry

Sujoy Chakravarty, Martin Gaynor, Steven Klepper and William Vogt

11704: Contraception as Development? New Evidence from Family Planning in Colombia

Grant Miller

11703: Macro Factors in Bond Risk Premia

Sydeny C. Ludvigson and Serena Ng

11702: Does Head Start Improve Children's Life Chances? Evidence from a Regression Discontinuity Design

Jens Ludwig and Douglas Miller

11701: International Capital Flows, Returns and World Financial Integration

Martin Evans and Viktoria Hnatkovska

11700: Good bye Lenin (or not?): The Effect of Communism on People's Preferences

Alberto Alesina and Nicola Fuchs-Schuendeln

11699: The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations

Ariel Burstein, Martin Eichenbaum and Sergio Rebelo

11698: Banking System Stability: A Cross-Atlantic Perspective

Philipp Hartmann, Stefan Straetmans and Casper de Vries

11697: Do Local Analysts Know More? A Cross-Country Study of the Performance of Local Analysts and Foreign Analysts

Kee-Hong Bae, René Stulz and Hongping Tan

11696: Capital Flows in a Globalized World: The Role of Policies and Institutions

Laura Alfaro, Sebnem Kalemli-Ozcan and Vadym Volosovych

11695: Historical Financing of Small- and Medium-Sized Enterprises

Robert Cull, Lance E. Davis, Naomi R. Lamoreaux and Jean-Laurent Rosenthal

11694: Measures of Per Capita Hours and their Implications for the Technology-Hours Debate

Neville Francis and Valerie Ramey

11693: Work Hours, Wages, and Vacation Leave

Joseph Altonji and Emiko Usui

11692: More on Unemployment and Vacancy Fluctuations

Dale Mortensen and Éva Nagypál

11691: Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies

Enrique Mendoza

11690: Race and Health Disparities Among Seniors in Urban Areas in Brazil

Antonio J. Trujillo, John A. Vernon, Laura Rodriguez Wong and Gustavo Angeles

11689: Liquidity and Insurance for the Unemployed

Robert Shimer and Iván Werning

11688: Airplanes and Comparative Advantage

James Harrigan

11687: Fiscal Hedging and the Yield Curve

Hanno Lustig, Christopher Sleet and Sevin Yeltekin

11686: Who Bears the Corporate Tax? A review of What We Know

Alan Auerbach

11685: The Risk-Adjusted Cost of Financial Distress

Heitor Almeida and Thomas Philippon

11684: The Labor Market and Macro Volatility: A Nonstationary General-Equilibrium Analysis

Robert Hall

11683: Investor Inattention, Firm Reaction, and Friday Earnings Announcements

Stefano DellaVigna and Joshua Pollet

11682: Markov Forecasting Methods for Welfare Caseloads

Jeffrey Grogger

11681: Poverty in America: Trends and Explanations

Hilary Hoynes, Marianne Page and Ann Stevens

11680: Saving Incentives for Low- and Middle-Income Families: Evidence from a Field Experiment with H&R Block

Esther Duflo, William Gale, Jeffrey Liebman, Peter Orszag and Emmanuel Saez

11679: The Climate for Business Development and Employment Growth in Puerto Rico

Steven Davis and Luis Rivera-Batiz