NBER Working Papers

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10978: Theft and Taxes

Mihir A. Desai, Isaac Dyck and Luigi Zingales

10977: Tax Policy for Health Insurance

Jonathan Gruber

10976: The Economic Theory of Illegal Goods: The Case of Drugs

Gary Becker, Kevin Murphy and Michael Grossman

10975: Semiparametric Causality Tests Using the Policy Propensity Score

Joshua Angrist and Guido Kuersteiner

10974: Tobacco Spending and its Crowd-Out of Other Goods

Susan H. Busch, Mireia Jofre-Bonet, Tracy Falba and Jody L. Sindelar

10973: Has Monetary Policy Become More Efficient? A Cross Country Analysis

Stephen Cecchetti, Alfonso Flores-Lagunes and Stefan Krause Montalbert

10972: Manufacturer Liability for Harms Caused by Consumers to Others

Bruce Hay and Kathryn E. Spier

10971: Incentives to Learn

Michael Kremer, Edward Miguel and Rebecca Thornton

10970: Consumption Commitments and Habit Formation

Raj Chetty and Adam Szeidl

10969: Who Wins and Who Loses? Public Transfer Accounts for US Generations Born 1850 to 2090

Antoine Bommier, Ronald Lee, Timothy Miller and Stéphane Zuber

10968: The Integration of Child Tax Credits and Welfare: Evidence from the National Child Benefit Program

Kevin Milligan and Mark Stabile

10967: Aging and the Welfare State: The Role of Young and Old Voting Pivots

Assaf Razin and Efraim Sadka

10966: Institutions and Technological Innovation During the Early Economic Growth: Evidence from the Great Inventors of the United States, 1790-1930

B. Zorina Khan and Kenneth Sokoloff

10965: Digging the Dirt at Public Expense: Governance in the Building of the Erie Canal and Other Public Works

Stanley Engerman and Kenneth Sokoloff

10964: Prescription Drugs, Medical Care, and Health Outcomes: A Model of Elderly Health Dynamics

Zhou Yang, Donna Gilleskie and Edward Norton

10963: Bounds in Competing Risks Models and the War on Cancer

Bo E. Honore and Adriana Lleras-Muney

10962: Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs

Christopher Knittel and Victor Stango

10961: Covered Interest Arbitrage: Then vs. Now

Ted Juhl, William Miles and Marc Weidenmier

10960: Gunboats, Reputation, and Sovereign Repayment: Lessons from the Southern Confederacy

Marc Weidenmier

10959: Sorting It Out: International Trade and Protection With Heterogeneous Workers

Franziska Ohnsorge and Daniel Trefler

10958: Using Tontines to Finance Public Goods: Back to the Future?

Andreas Lange, John List and Michael Price

10957: Does Openness to Trade Make Countries More Vulnerable to Sudden Stops, Or Less? Using Gravity to Establish Causality

Jeffrey Frankel and Eduardo Cavallo

10956: The Economics of Technology Sharing: Open Source and Beyond

Josh Lerner and Jean Tirole

10955: A Theory of Housing Collateral, Consumption Insurance and Risk Premia

Hanno Lustig and Stijn Van Nieuwerburgh

10954: Globalization and Disinflation: A Note

Assaf Razin

10953: Has the Unified Budget Undermined the Federal Government Trust Funds?

Sita Nataraj and John B. Shoven

10952: The Concept of Systematic Corruption in American Political and Economic History

John Joseph Wallis

10951: Resolving the Puzzle of the Underissuance of National Bank Notes

Charles Calomiris and Joseph R. Mason

10950: Retrospective on the 1970s Productivity Slowdown

William Nordhaus

10949: An Investigation of the Effects of Alcohol Policies on Youth STDs

Michael Grossman, Robert Kaestner and Sara Markowitz

10948: Individual Behaviors and Substance Use: The Role of Price

Michael Grossman

10947: Using Hit Rate Tests to Test for Racial Bias in Law Enforcement: Vehicle Searches in Wichita

Nicola Persico and Petra Todd

10946: Measuring Disparate Impacts and Extending Disparate Impact Doctrine to Organ Transplantation

Robert Bornholz and James Heckman

10945: Demographic Changes and International Factor Mobility

John Helliwell

10944: How to Eliminate Pyramidal Business Groups - The Double Taxation of Inter-Corporate Dividends and Other Incisive Uses of Tax Policy

Randall Morck

10943: Information and Externalities in Sequential Litigation

Xiny Hua and Kathryn E. Spier

10942: Financial Globalization, Growth and Volatility in Developing Countries

Eswar Prasad, Kenneth Rogoff, Shang-Jin Wei and Ayhan Kose

10941: When in Peril, Retrench: Testing the Portfolio Channel of Contagion

Fernando Broner, R. Gaston Gelos and Carmen Reinhart

10940: Quantitative Implication of A Debt-Deflation Theory of Sudden Stops and Asset Prices

Enrique Mendoza and Katherine Smith

10939: FDI in Space: Spatial Autoregressive Relationships in Foreign Direct Investment

Bruce Blonigen, Ronald Davies, Glen Waddell and Helen Naughton

10938: Lost Decade in Translation: Did the US Learn from Japan's Post-Bubble Mistakes?

James Harrigan and Kenneth Kuttner

10937: Patterns of Comovement: The Role of Information Technology in the U.S. Economy

Hyunbae Chun, Jung-Wook Kim, Jason Lee and Randall Morck

10936: Do Tax Havens Flourish?

James Hines

10935: Evaluation of Four Tax Reforms in the United States: Labor Supply and Welfare Effects for Single Mothers

Nada Eissa, Henrik Jacobsen Kleven and Claus Kreiner

10934: A Simulation Approach to Dynamic Portfolio Choice with an Application to Learning About Return Predictability

Michael W. Brandt, Amit Goyal, Pedro Santa-Clara and Jonathan Storud

10933: Organizational Scope and Investment: Evidence from the Drug Development Strategies and Performance of Biopharmaceutical Firms

Ilan Guedj and David Scharfstein

10932: Speeding, Tax Fraud, and Teaching to the Test

Edward Lazear

10931: The Structure of Early Care and Education in the United States: Historical Evolution and International Comparisons

Ann Dryden Witte and Marisol Trowbridge

10930: The Distortionary Effects of Government Procurement: Evidence from Medicaid Prescription Drug Purchasing

Mark Duggan and Fiona Scott Morton

10929: Regulation of Entry and the Distortion of Industrial Organization

Raymond Fisman and Virginia Sarria-Allende

10928: Political Contribution Caps and Lobby Formation: Theory and Evidence

Allan Drazen, Nuno Limão and Thomas Stratman

10927: Can Public Discussion Enhance Program Ownership?

Allan Drazen and Peter Isard

10926: The Cost of Business Cycles and the Benefits of Stabilization: A Survey

Gadi Barlevy

10925: The Information of Option Volume for Future Stock Prices

Jun Pan and Allen Poteshman

10924: Monetary Policy and Regional Interest Rates in the United States, 1880-2002

John Landon-Lane and Hugh Rockoff

10923: Financing Invention During the Second Industrial Revolution: Cleveland, Ohio, 1870-1920

Naomi R. Lamoreaux, Margaret Levenstein and Kenneth Sokoloff

10922: Diverging Trends in Macro and Micro Volatility: Facts

Diego Comin and Sunil Mulani

10921: The Steady-State Growth Theorem: A Comment on Uzawa (1961)

Charles Jones and Dean Scrimgeour

10920: Partnership Status and the Human Sex Ratio at Birth

Karen Norberg

10919: The Effect of Improvements in Health and Longevity on Optimal Retirement and Saving

David Bloom, David Canning and Michael Moore

10918: Why Are Power Couples Increasingly Concentrated in Large Metropolitan Areas

Janice Compton and Robert Pollak

10917: Stochastic Infinite Horizon Forecasts for Social Security and Related Studies

Ronald Lee, Timothy Miller and Michael Anderson

10916: Model Uncertainty and Policy Evaluation: Some Theory and Empirics

William Brock, Steven Durlauf and Kenneth West

10915: Fair Pricing

Julio Rotemberg

10914: Predicting Volatility: Getting the Most out of Return Data Sampled at Different Frequencies

Eric Ghysels, Pedro Santa-Clara and Rossen Valkanov

10913: There is a Risk-Return Tradeoff After All

Eric Ghysels, Pedro Santa-Clara and Rossen Valkanov

10912: Jump and Volatility Risk and Risk Premia: A New Model and Lessons from S&P 500 Options

Pedro Santa-Clara and Shu Yan

10911: Fast Times at Ridgemont High? The Effect of Compulsory Schooling Laws on Teenage Births

Sandra Black, Paul J. Devereaux and Kjell G Salvanes

10910: The Product Cycle and Inequality

Boyan Jovanovic

10909: Land Prices and Business Fixed Investments in Japan

Nobuhiro Kiyotaki and Kenneth West

10908: Deposit Insurance and External Finance

Stephen Cecchetti and Stefan Krause Montalbert

10907: Managing Macroeconomic Crises

Jeffrey Frankel and Shang-Jin Wei

10906: Vertical Equity Consequences of Very High Cigarette Tax Increases: If the Poor are the Ones Smoking, How Could Cigarette Tax Increases be Progressive?

Gregory Colman and Dahlia K. Remler

10905: The social Security Retirement Earnings Test, Retirement and Benefit Claiming

Alan Gustman and Thomas L. Steinmeier

10904: The Economic Value of Cultural Diversity: Evidence from US Cities

Gianmarco Ottaviano and Giovanni Peri

10903: Hiccups for HIPCs?

Craig Burnside and Domenico Fanizza

10902: Race and Older Age Mortality: Evidence from Union Army Veterans

Dora Costa

10901: Uncovering GPTS with Patent Data

Bronwyn Hall and Manuel Trajtenberg

10900: Corporate Governance and the Plight of Minority Shareholders in the United States Before the Great Depression

Naomi Lamoreaux and Jean-Laurent Rosenthal

10899: Unbalanced Growth

Kala Krishna and Cesar A. Perez

10898: Is Mexico A Lumpy Country?

Andrew Bernard, Raymond Robertson and Peter Schott

10897: The Importance of R&D for Innovation: A Reassessment Using French Survey Data

Jacques Mairesse and Pierre Mohnen

10896: Well-Being and Social Capital: Does Suicide Pose a Puzzle?

John Helliwell

10895: Biases in Static Oligopoly Models? Evidence from the California Electricity Market

Dae-Wook Kim and Christopher Knittel

10894: What Happens When We Randomly Assign Children to Families?

Bruce Sacerdote

10893: Catching-Up to Foreign Technology? Evidence on the "Veblen-Gerschenkron" Effect of Foreign Investments

Giovanni Peri

10892: The Closing of the Gender Gap as a Roy Model Illusion

Casey Mulligan and Yona Rubinstein

10891: Bidding With Securities: Auctions and Security Design

Peter DeMarzo, Ilan Kremer and Andrzej Skrzypacz

10890: The Evolution of Income and Fertility Inequalities over the Course of Economic Development: A Human Capital Perspective

Isaac Ehrlich and Jinyoung Kim

10889: The Cost of Nominal Inertia in NNS Models

Matthew Canzoneri, Robert Cumby and Behzad Diba

10888: Disentangling the Importance of the Precautionary Saving Mode

Arthur Kennickell and Annamaria Lusardi

10887: $1000 Cash Back: Asymmetric Information in Auto Manufaturer Promotions

Meghan Busse, Florian Zettelmeyer and Jorge Silva-Risso

10886: The Impact of the Civil War on Capital Intensity and Labor Productivity in Southern Manufacturing

William Hutchinson and Robert Margo

10885: One Hit Wonders: Why Some of the Most Important Works of Modern Art are Not by Important Artists

David Galenson

10884: The Effect of Drug Vintage on Survival: Micro Evidence from Puerto Rico's Medicaid Program

Frank Lichtenberg

10883: Inattentive Consumers

Ricardo Reis

10882: Aged-Care Support in Japan: Perspectives and Challenges

Olivia Mitchell, John Piggott and Satoshi Shimizutani

10881: Behavioral Economics and Health Economics

Richard G. Frank

10880: R&D Subsidies and Climate Policy: Is There a "Free Lunch"?

David Popp

10879: Educational Opportunity and Income Inequality

Paul Willen, Igal Hendel and Joel Shapiro