NBER Working Papers

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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

11509: Futures Prices in a Production Economy with Investment Constraints

Leonid Kogan, Dmitry Livdan and Amir Yaron

11508: Contractionary Currency Crashes in Developing Countries

Jeffrey Frankel

11507: Separate When Equal? Racial Inequality and Residential Segregation

Patrick Bayer, Hanming Fang and Robert McMillan

11506: Matching and Price Competition

Jeremy Bulow and Jonathan Levin

11505: Why Do Firms Become Widely Held? An Analysis of the ynamics of Corporate Ownership

Jean Helwege, Christo Pirinsky and René Stulz

11504: The Changing Role of Auditors in Corporate Tax Planning

Edward L. Maydew and Douglas Shackelford

11503: A Theory of Growth and Volatility at the Aggregate and Firm Level

Diego Comin and Sunil Mulani

11502: Law, Endowments, and Property Rights

Ross Levine

11501: Toward Abstraction: Ranking European Painters of the Early Twentieth Century

David Galenson

11500: Bank Concentration and Fragility: Impact and Mechanics

Thorsten Beck, Asli Demirguc-Kunt and Ross Levine

11499: Is There a Diversification Discount in Financial Conglomerates?

Luc Laeven and Ross Levine

11498: Bank Supervision and Corruption in Lending

Thorsten Beck, Asli Demirguc-Kunt and Ross Levine

11497: Are There Real Effects of Licensing on Academic Research? A Life Cycle View

Marie Thursby, Jerry Thursby and Swasti Gupta-Mukherjee

11496: The "News" View of Economic Fluctuations: Evidence from Aggregate Japanese Data and Sectoral U.S. Data

Paul Beaudry and Franck Portier

11495: Inefficiency in Legislative Policy-Making: A Dynamic Analysis

Marco Battaglini and Stephen Coate

11494: What Do Parents Value in Education? An Empirical Investigation of Parents' Revealed Preferences for Teachers

Brian A. Jacob and Lars Lefgren

11493: Global Business Cycles and Credit Risk

Mohammad Pesaran, Til Schuermann and Björn-Jakob Treutler

11492: Relative Price Volatility Under Sudden Stops: The Relevance of Balance Sheet Effects

Guillermo Calvo, Alejandro Izquierdo and Rudy Loo-Kung

11491: Crime, Punishment, and Myopia

David S. Lee and Justin McCrary

11490: Efficient Fiscal Policy and Amplification

Mark Aguiar, Manuel Amador and Gita Gopinath

11489: The Sensitivity of Homeowner Leverage to the Deductibility of Home Mortgage Interest

Patric Hendershott and Gwilym Pryce

11488: The Only Game in Town: Stock-Price Consequences of Local Bias

Harrison Hong, Jeffrey D. Kubik and Jeremy Stein

11487: Nonrenewable Resource Prices: Deterministic or Stochastic Trends?

Junsoo Lee, John List and Mark Strazicich

11486: Filming Images or Filming Reality: The Life Cycles of Movie Directors from D.W. Griffith to Federico Fellini

David Galenson and Joshua Kotin

11485: Denial of Death and Economic Behavior

Wojciech Kopczuk and Joel Slemrod

11484: Political Competition and Economic Performance: Theory and Evidence from the United States

Timothy Besley, Torsten Persson and Daniel Sturm

11483: Does Falling Smoking Lead to Rising Obesity?

Jonathan Gruber and Michael Frakes

11482: Reexamining the Distribution of Wealth in 1870

Joshua Rosenbloom and Gregory W. Stutes

11481: Layoffs, Lemons, Race, and Gender

Luojia Hu and Christopher Taber

11480: Momentum Profits and Macroeconomic Risk

Laura X.L. Liu, Jerold B. Warner and Lu Zhang

11479: Global Engagement and the Innovation Activities of Firms

Chiara Criscuolo, Jonathan Haskel and Matthew J. Slaughter

11478: Mandated Disclosure, Stock Returns, and the 1964 Securities Acts Amendments

Michael Greenstone, Paul Oyer and Annette Vissing-Jorgensen

11477: The Empirical Risk-Return Relation: A Factor Analysis Approach

Sydney Ludvigson and Serena Ng

11476: Consumption Strikes Back?: Measuring Long-Run Risk

Lars Hansen, John Heaton and Nan Li

11475: University Invention, Entrepreneurship, and Start-Ups

Celestine Chukumba and Richard Jensen

11474: Do Women Shy Away From Competition? Do Men Compete Too Much?

Muriel Niederle and Lise Vesterlund

11473: Long-Run Determinants of Inflation Differentials in a Monetary Union

Filippo Altissimo, Pierpaolo Benigno and Diego Rodriguez Palenzuela

11472: Supersanctions and Sovereign Debt Repayment

Kris James Mitchener and Marc Weidenmier

11471: Heterogeneous Firms and Trade: Testable and Untestable Properties of the Melitz Model

Richard Baldwin

11470: Early Academic Science and the Birth of Industrial Research Laboratories in the U.S. Pharmaceutical Industry

Megan MacGarvie and Jeffrey L. Furman

11469: Taxation and the Evolution of Aggregate Corporate Ownership Concentration

Mihir A. Desai, Dhammika Dharmapala and Winnie Fung

11468: Predicting the Equity Premium Out of Sample: Can Anything Beat the Historical Average?

John Campbell and Samuel B. Thompson

11467: Implications of Dynamic Factor Models for VAR Analysis

James Stock and Mark Watson

11466: Spacey Parents: Spatial Autoregressive Patterns in Inbound FDI

Bruce Blonigen, Ronald Davies, Helen Naughton and Glen Waddell

11465: Do Formal Intellectual Property Rights Hinder the Free Flow of Scientific Knowledge? An Empirical Test of the Anti-Commons Hypothesis

Fiona Murray and Scott Stern

11464: Affirmative Action and Its Mythology

Roland Fryer and Glenn Loury

11463: Principals as Agents: Subjective Performance Measurement in Education

Brian A. Jacob and Lars Lefgren

11462: Socially Optimal Districting

Stephen Coate and Brian Knight

11461: Estimating Risk Preferences from Deductible Choice

Alma Cohen and Liran Einav

11460: The Role of Patents for Bridging the Science to Market Gap

Thomas Hellmann

11459: Investment-Based Underperformance Following Seasoned Equity Offerings

Evgeny Lyandres, Le Sun and Lu Zhang

11458: Organization and Inequality in a Knowledge Economy

Luis Garicano and Esteban Rossi-Hansberg

11457: Does Globalization of the Scientific/Engineering Workforce Threaten U.S. Economic Leadership?

Richard Freeman

11456: Mexican Immigration and Self-Selection: New Evidence from the 2000 Mexican Census

Pablo Ibarraran and Darren Lubotsky

11455: Accounting for the Effect of Health on Economic Growth

David Weil

11454: Labor Supply Effects of the Earned Income Tax Credit: Evidence from Wisconsin Supplemental Benefit for Families with Three Children

Maria Cancian and Arik Levinson

11453: The Value of Peripatetic Economists: A Sesqui-Difference Evaluation of Bob Gregory

Daniel Hamermesh

11452: The Effects of Taxes on Market Responses to Dividend Announcements and Payments: What Can we Learn from the 2003 Dividend Tax Cut?

Raj Chetty, Joseph Rosenberg and Emmanuel Saez

11451: Managerial Skill Acquisition and the Theory of Economic Development

Paul Beaudry and Patrick Francois

11450: Biomedical Academic Entrepreneurship Through the SBIR Program

Andrew A. Toole and Dirk Czarnitzki

11449: The 2003 Dividend Tax Cuts and the Value of the Firm: An Event Study

Alan Auerbach and Kevin Hassett

11448: A Note on the Empirical Implementation of the Lens Condition

Andrew Bernard, Raymond Robertson and Peter Schott

11447: The Influence of University Research on Industrial Innovation

Jinyoung Kim, Sangjoon John Lee and Gerald Marschke

11446: Health Insurance Reform and HMO Penetration in the Small Group Market

Thomas Buchmueller

11445: Race, Income, and College in 25 Years: The Continuing Legacy of Segregation and Discrimination

Alan Krueger, Jesse Rothstein and Sarah Turner

11444: Optimal Trading Strategy and Supply/Demand Dynamics

Anna Obizhaeva and Jiang Wang

11443: The Growth of Executive Pay

Lucian Bebchuk and Yaniv Grinstein

11442: The Risks of Financial Institutions

Mark Carey and René Stulz

11441: Multifrequency News and Stock Returns

Laurent Calvet and Adlai Fisher

11440: Wealth Transfers, Contagion, and Portfolio Constraints

Anna Pavlova and Roberto Rigobon