NBER Working Papers

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10709: The Effect of Malpractice Liability on the Delivery of Health Care

Katherine Baicker and Amitabh Chandra

10708: The Role and Functioning of Public-Interest Legal Organizations in the Enforcement of the Employment Laws

Christine Jolls

10707: Optimal Expectations

Markus Brunnermeier and Jonathan Parker

10706: Interdependent Security: A General Model

Geoffrey Heal and Howard Kunreuther

10705: Abortion Legalization and Lifecycle Fertility

Elizabeth Oltmans Ananat, Jonathan Gruber and Phillip Levine

10704: Monetary Policy and Asset Prices: A Look Back at Past U.S. Stock Market Booms

Michael Bordo and David Wheelock

10703: Why Do Real and Nominal Inventory-Sales Ratios Have Different Trends

Valerie Ramey and Daniel J. Vine

10702: A Common Currency: Early U.S. Monetary Policy and the Transition to the Dollar

Peter Rousseau

10701: The Effect of Mandated State Education Spending on Total Local Resources

Katherine Baicker and Nora Gordon

10700: How Far to the Hospital? The Effect of Hospital Closures on Access to Care

Thomas Buchmueller, Mireille Jacobson and Cheryl Wold

10699: What Did the "Illegitimacy Bonus" Reward?

Sanders Korenman, Ted Joyce, Robert Kaestner and Jennifer Walper

10698: Pairwise Kidney Exchange

Alvin Roth, Tayfun Sönmez and Utku Unver

10697: Overseas Assembly and Country Sourcing Choices

Deborah Swenson

10696: Fixed Exchange Rates and Trade

Michael Klein and Jay Shambaugh

10695: Do Tenured and Tenure-Track Faculty Matter?

Ronald Ehrenberg and Liang Zhang

10694: Budget Windows, Sunsets, and Fiscal Control

Alan Auerbach

10693: The Fiscal Burden of Korean Reunification: A Generational Accounting Approach

Alan Auerbach, Young Jun Chun and Ilho Yoo

10692: Corporate Governance, Economic Entrenchment and Growth

Randall Morck, Daniel Wolfenzon and Bernard Yeung

10691: Maternal Employment and Adolescent Development

Christopher Ruhm

10690: Corporate Tax Evasion with Agency Costs

Keith J. Crocker and Joel Slemrod

10689: Weak and Semi-Strong Form Stock Return Predictability, Revisited

Wayne Ferson, Andrea Heuson and Tie Su

10688: Demand for Illicit Drugs by Pregnant Women

Hope Corman, Kelly Noonan, Nancy E. Reichman and Dhaval Dave

10687: Law and Firms' Access to Finance

Thorsten Beck, Asli Demirguc-Kunt and Ross Levine

10686: The Determinants of the Global Digital Divide: A Cross-Country Analysis of Computer and Internet Penetration

Menzie Chinn and Robert Fairlie

10685: Can Mutual Fund Managers Pick Stocks? Evidence from the Trades Prior to Earnings Announcements

Malcolm Baker, Lubomir Litov, Jessica Wachter and Jeffrey Wurgler

10684: What is Discrimination? Gender in the American Economic Association

Stephen Donald and Daniel Hamermesh

10683: Inequality Change in China and (Hukou) Labour Mobility Restrictions

John Whalley and Shunming Zhang

10682: Welfare Migration: Is the Net Fiscal Burden a Good Measure of Its Economic Impact on the Welfare of the Native Born Population?

Assaf Razin and Efraim Sadka

10681: Federal Government Debt and Interest Rates

Eric M. Engen and Robert Hubbard

10680: Refugees, Asylum Seekers and Policy in Europe

Timothy Hatton and Jeffrey Williamson

10679: Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank

Olivier Jeanne and Lars Svensson

10678: Do Gender Stereotypes Reduce Girls' Human Capital Outcomes? Evidence from a Natural Experiment

Victor Lavy

10677: Detecting Medicare Abuse

David Becker, Daniel Kessler and Mark McClellan

10676: The X Tax in the World Economy

David Bradford

10675: Portfolio Concentration and the Performance of Individual Investors

Zoran Ivkovich, Clemens Sialm and Scott Weisbenner

10674: Corruption in Indonesia

J. Vernon Henderson and Ari Kuncoro

10673: Exchange Rate Regime Durability and Performance in Developing Countries Versus Advanced Economies

Aasim M. Husain, Ashoka Mody and Kenneth Rogoff

10672: What Does the Yield Curve Tell us about GDP Growth?

Andrew Ang, Monika Piazzesi and Min Wei

10671: Large Blocks of Stock: Prevalence, Size, and Measurement

Jennifer Dlugosz, Ruediger Fahlenbrach, Paul Gompers and Andrew Metrick

10670: Preschool, Day Care, and Afterschool Care: Who's Minding the Kids?

David Blau and Janet Currie

10669: Health in an Age of Globalization

Angus Deaton

10668: Comparative Advantage and Heterogeneous Firms

Andrew Bernard, Stephen Redding and Peter Schott

10667: Neighbors as Negatives: Relative Earnings and Well-Being

Erzo Luttmer

10666: Good Principals or Good Peers? Parental Valuation of School Characteristics, Tiebout Equilibrium, and the Effects of Inter-district Competition

Jesse Rothstein

10665: An Empirical Model of Stock Analysts' Recommendations: Market Fundamentals, Conflicts of Interest, and Peer Effects

Patrick Bajari and John Krainer

10664: A Model of Forum Shopping, with Special Reference to Standard Setting Organizations

Josh Lerner and Jean Tirole

10663: The Economic Impacts of Climate Change: Evidence from Agricultural Profits and Random

Olivier Deschenes and Michael Greenstone

10662: Two Centuries of Economic Growth: Europe Chasing the American Frontier

Robert Gordon

10661: Why was Europe Left at the Station When America's Productivity Locomotive Departed?

Robert Gordon

10660: Five Puzzles in the Behavior of Productivity, Investment, and Innovation

Robert Gordon

10659: Go Down Fighting: Short Sellers vs. Firms

Owen Lamont

10658: Evaluating the Impact of the D.C. Tuition Assistance Grant Program

Thomas Kane

10657: Economic and Political Liberalizations

Francesco Giavazzi and Guido Tabellini

10656: Minimum Wage Effects in the Longer Run

David Neumark and Olena Nizalova

10655: Search-Theoretic Models of the Labor Market-A Survey

Richard Rogerson, Robert Shimer and Randall Wright

10654: Free Banking and Bank Entry in Nineteenth-Century New York

Howard Bodenhorn

10653: Sex Differences in Morbidity and Mortality

Anne Case and Christina Paxson

10652: Modeling Inventories Over the Business Cycle

Aubhik Khan and Julia Thomas

10651: On the Importance of Measuring Payout Yield: Implications for Empirical Asset Pricing

Jacob Boudoukh, Roni Michaely, Matthew Richardson and Michael Roberts

10650: Do a Firm's Equity Returns Reflect the Risk of Its Pension Plan?

Li Jin, Robert Merton and Zvi Bobie

10649: China's Post Accession WTO Stance

Glenda Mallon and John Whalley

10648: Illicit Drug Use Among Arrestees and Drug Prices

Dhaval Dave

10647: Estimating the Effects of a Time Limited Earnings Subsidy for Welfare Leavers

David Card and Dean Hyslop

10646: Can Inflation Targeting Work in Emerging Market Countries?

Frederic Mishkin

10645: Do the Rich Flee from High State Taxes? Evidence from Federal Estate Tax Returns

Jon Bakija and Joel Slemrod

10644: Behavioral Finance in Corporate Governance - Independent Directors, Non-Executive Chairs, and the Importance of the Devil's Advocate

Randall Morck

10643: International Innovation and Diffusion of Air Pollution Control Technologies: The Effects of NOX and SO2 Regulation in the US, Japan, and Germany

David Popp

10642: Deflationary Bubbles

Willem Buiter and Anne Sibert

10641: The History and Politics of Corporate Ownership in Sweden

Peter Hogfeldt

10640: Scientific Teams and Institution Collaborations: Evidence from U.S. Universities, 1981-1999

James Adams

10639: Auctions with Resale When Private Values Are Uncertain: Theory and Empirical Evidence

Andreas Lange, John List and Michael Price

10638: Specialization, Factor Accumulation and Development

Doireann Fitzgerald and Juan Hallak

10637: Public Debt, Fiscal Solvency and Macroeconomic Uncertainty in Latin America: The Cases of Brazil, Colombia, Costa Rica, and Mexico

Enrique Mendoza and P. Marcelo Oviedo

10636: Technology Shocks and Aggregate Fluctuations: How Well Does the RBS Model Fit Postwar U.S. Data?

Jordi Galí and Pau Rabanal

10635: The Rise and Fall of the Widely Held Firm - A History of Corporate Ownership in Canada

Randall Morck, Michael Percy, Gloria Tian and Bernard Yeung

10634: A New Look at Racial Profiling: Evidence from the Boston Police Department

Kate Antonovics and Brian Knight

10633: Are Migrants More Skilled than Non-Migrants? Repeat, Return and Same-Employer Migrants

Jennifer Hunt

10632: Measuring the Effects of Workloss on Productivity With Team Production

Sean Nicholson, Marc V. Pauly, Daniel Polsky, Claire Sharda and Helena Szrek

10631: The Source of Historical Economic Fluctuations: An Analysis using Long-Run Restrictions

Neville Francis and Valerie Ramey

10630: Capital Income Taxation in the Globalized World

Assaf Razin and Efraim Sadka

10629: Unmasking the Pollution Haven Effect

Arik Levinson and M. Scott Taylor

10628: Spending Less Time with the Family: The Decline of Family Ownership in the UK

Julian Franks, Colin Mayer and Stefano Rossi

10627: Using Investment Data to Assess the Importance of Price Mismeasurement

Diego Comin

10626: Direct Investment, Rising Real Wages and the Absorption of Excess Labor in the Periphery

Michael Dooley, David Folkerts-Landau and Peter Garber

10625: R&D: A Small Contribution to Productivity Growth

Diego Comin

10624: Sources for Financing Domestic Capital -- Is Foreign Saving a Viable Option for Developing Countries?

Joshua Aizenman, Brian Pinto and Artur Radziwill

10623: How Have Borrowers Fared in Banking Mega-Mergers?

Kenneth A. Carow, Edward Kane and Rajesh Narayanan

10622: Performance Pay and Teachers' Effort, Productivity and Grading Ethics

Victor Lavy

10621: The Wage Gains of African-American Women in the 1940s

Martha Bailey and William Collins

10620: The Design of Financial Systems: Towards a Synthesis of Function and Structure

Robert Merton and Zvi Bodie

10619: The Effects of Cocaine and Heroin Prices on Drug-Related Emergency Department Visits

Dhaval Dave

10618: Education, Redistribution, and the Threat of Brain Drain

Alexander Haupt and Eckhard Janeba

10617: Evaluating the Calvo Model of Sticky Prices

Martin Eichenbaum and Jonas Fisher

10616: The Macroeconomy and the Yield Curve: A Dynamic Latent Factor Approach

Francis Diebold, Glenn Rudebusch and S. Boragan Aruoba

10615: A Continuous-Time Agency Model of Optimal Contracting and Capital Structure

Peter DeMarzo and Yuliy Sannikov

10614: Unbiased Estimation of the Half-Life to PPP Convergence in Panel Data

Chi-Young Choi, Nelson Mark and Donggyu Sul

10613: The Evolution of Concentrated Ownership in India Broad patterns and a History of the Indian Software Industry

Tarun Khann and Krishna Palepu

10612: Targeting vs. Instrument Rules for Monetary Policy

Bennett McCallum and Edward Nelson

10611: Liquidity Constraints and Housing Prices: Theory and Evidence from the VA Mortgage

Jacob Vigdor

10610: The Political Economy of Fair Housing Laws Prior to 1968

William Collins