NBER Working Papers

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10009: Financial Asset Returns, Direction-of-Change Forecasting, and Volatility Dynamics

Peter Christoffersen and Francis Diebold

10008: When Schools Compete, How Do They Compete? An Assessment of Chile's Nationwide School Voucher Program

Chang-Tai Hsieh and Miguel Urquiola

10007: Reference Pricing of Pharmaceuticals for Medicare: Evidence from Germany, the Netherlands and New Zealand

Patricia Danzon and Jonathan Ketcham

10006: The Cost of Labor Adjustment: Inferences from the Gap

Russell W. Cooper and Jonathan Willis

10005: Concavity of Utility, Concavity of Welfare, and Redistribution of Income

Louis Kaplow

10004: Hamas, Taliban and the Jewish Underground: An Economist's View of Radical Religious Militias

Eli Berman

10003: Medium Term Business Cycles

Diego Comin and Mark Gertler

10002: Kidney Exchange

Alvin Roth, Tayfun Sönmez and Utku Unver

10001: US-Europe Differences in Technology-Driven Growth: Quantifying the Role of Education

Dirk Krueger and Krishna Kumar

10000: Trade Wars: The Exaggerated Impact of Trade in Economic Debate

Richard Freeman

9999: Retirement and the Evolution of Pension Structure

Leora Friedberg and Anthony Webb

9998: Relative Wage Variation and Industry Location

Andrew Bernard, Stephen Redding, Peter Schott and Helen Simpson

9997: Individual Preferences, Monetary Gambles and the Equity Premium

Nicholas Barberis, Ming Huang and Richard Thaler

9996: The Effects of Offering Health Plan Choice within Employment-Based Purchasing Groups

M. Kate Bundorf

9995: Appearing and Disappearing Dividends: The Link to Catering Incentives

Malcolm Baker and Jeffrey Wurgler

9994: Are Mental Health Insurance Mandates Effective? Evidence from Suicides

Jonathan Klick and Sara Markowitz

9993: On the Welfare Consequences of the Increase in Inequality in the United States

Dirk Krueger and Fabrizio Perri

9992: What Do Unions Do... to Voting?

Richard Freeman

9991: Are Faculty Critical? Their Role in University-Industry Licensing

Jerry Thursby and Marie Thursby

9990: Corruption in Cities: Graft and Politics in American Cities at the Turn of the Twentieth Century

Rebecca Menes

9989: Institutional and Non-Institutional Explanations of Economic Differences

Stanley L. Engerman and Kenneth Sokoloff

9988: A New Method of Estimating Risk Aversion

Raj Chetty

9987: Can a Work Organization Have an Attitude Problem? The Impact of Workplaces on Employee Attitudes and Economic Outcomes

Ann Bartel, Richard Freeman, Casey Ichniowski and Morris M. Kleiner

9986: Demand and Pricing in Electricity Markets: Evidence from San Diego During California's Energy Crisis

Peter C. Reiss and Matthew W. White

9985: The Output Composition Puzzle: A Difference in the Monetary Transmission Mechanism in the Euro Area and U.S

Ignazio Angeloni, Anil Kashyap, Benoit Mojon and Daniele Terlizzese

9984: Monetary Transmission in the Euro Area: Does the Interest Rate Channel Explain it All?

Ignazio Angeloni, Anil Kashyap, Benoit Mojon and Daniele Terlizzese

9983: Generational Accounting in Korea

Alan Auerbach and Young Jun Chun

9982: An Experimental Study of Storable Votes

Alessandra Casella, Andrew Gelman and Thomas Palfrey

9981: Inflation Targeting in the United States?

Marvin Goodfriend

9980: Hedonic Price Indexes with Unobserved Product Characteristics, and Application to PC's

C. Lanier Benkard and Patrick Bajari

9979: How did Location Affect Adoption of the Commercial Internet? Global Village, Urban Density, and Industry Composition

Chris Forman, Avi Goldfarb and Shane Greenstein

9978: Lessons from Patents: Using Patents To Measure Technological Change in Environmental Models

David Popp

9977: Unemployment Risk and Compensating Differential in Late-Nineteenth Century New Jersey Manufacturing

Susan Averett, Howard Bodenhorn and Justas Staisiunas

9976: The Consumption Response to Predictable Changes in Discretionary Income: Evidence from the Repayment of Vehicle Loans

Melvin Stephens

9975: International Adverse Selection in Life Insurance and Annuities

David McCarthy and Olivia Mitchell

9974: The Conditional CAPM does not Explain Asset-Pricing Anamolies

Jonathan Lewellen and Stefan Nagel

9973: What Effect do Unions Have on Wages Now and Would 'What Do Unions Do' Be Surprised?

David Blanchflower and Alex Bryson

9972: How Do Hospitals Respond to Price Changes?

Leemore S. Dafny

9971: An Essay on the Revived Bretton Woods System

Michael Dooley, David Folkerts-Landau and Peter Garber

9970: The Cost of Business Cycles Under Endogenous Growth

Gadi Barlevy

9969: Monetary Policy in an Uncertain Environment

Martin Feldstein

9968: Optimal Monetary Policy in a Liquidity Trap

Gauti Eggertsson and Michael Woodford

9967: Wage Determination and Employment Fluctuations

Robert Hall

9966: Price Indexes for Microsoft's Personal Computer Software Products

Jaison Abel, Ernst R. Berndt and Alan White

9965: Scale and Scope Economies in the Global Advertising and Marketing Services Business

Alvin J. Silk and Ernst R. Berndt

9964: The Impact of Length of the School Year on Student Performance and Earnings: Evidence from the German Short School Year

Jorn-Steffen Pischke

9963: Does Marijuana Use Impair Human Capital Formation?

Rosalie Pacula, Karen E. Ross and Jeanne Ringel

9962: The Economics of Identity and the Endogeneity of Race

Howard Bodenhorn and Christopher Ruebeck

9961: Is the Fiscal Theory of the Price Level Learnable?

Bennett McCallum

9960: The Unique Minimum State Variable RE Solution is E-Stable in All Well Formulated Linear Models

Bennett McCallum

9959: Housing Collateral, Consumption Insurance and Risk Premia: An Empirical Perpective

Hanno Lustig and Stijn Van Nieuwerburgh

9958: The "Virtues" of the Past: Education in the First Hundred Years of the New Republic

Claudia Goldin and Lawrence Katz

9957: Private Information and its Effect on Market Equilibrium: New Evidence from Long-Term Care Insurance

Amy Finkelstein and Kathleen McGarry

9956: Banks' Advantage in Hedging Liquidity Risk: Theory and Evidence from the Commercial Paper Market

Evan Gatev and Philip E. Strahan

9955: Advance Directives and Medical Treatment at the End of Life

Daniel Kessler and Mark B. McClellan

9954: Child Care in Poor Communities: Early Learning Effects of Type, Quality, and Stability

Susanna Loeb, Bruce Fuller, Sharon Lynn Kagan, Bidemi Carrol and Judith Carroll

9953: The Draw of Home: How Teachers' Preferences for Proximity Disadvantage Urban Schools

Donald Boyd, Hamilton Lankford and Susanna Loeb

9952: The Relationships between Mental Health and Substance Abuse Treatment and Juvenile Crime

Alison Evans Cuellar, Sara Markowitz and Anne M. Libby

9951: Capital Investments and Stock Returns

Sheridan Titman, K.C. John Wei and Feixue Xie

9950: Gone But Not Forgotten: Labor Flows, Knowledge Spillovers, and Enduring Social Capital

Ajay Agrawal, Iain Cockburn and John McHale

9949: Propping and Tunneling

Eric Friedman, Simon Johnson and Todd Mitton

9948: Official Interventions and Occasional Violations of Uncovered Interest Party in the Dollar-DM Market

Nelson Mark and Young-Kyu Moh

9947: Trade Policy and Industrial Sector Responses: Using Evolutionary Models to Interpret the Evidence

Erkan Erdem and James Tybout

9946: Partial Adjustment without Apology

Robert King and Julia Thomas

9945: Incomplete Contracts and the Product Cycle

Pol Antras

9944: Trade Disruptions and America's Early Industrialization

Douglas Irwin and Joseph H. Davis

9943: The Aftermath of Hamilton's "Report on Manufactures"

Douglas Irwin

9942: Does Information Undermine Brand? Information Intermediary Use and Preference for Branded Web Retailers

Joel Waldfogel and Lu Chen

9941: Changes in the Process of Aging During the Twentieth Century: Findings and Procedures of the Early Indicators Project

Robert Fogel

9940: The Terms of Trade and Economic Growth in the Periphery 1870-1938

Christopher Blattman, Jason Hwang and Jeffrey Williamson

9939: Optimal Inflation Targeting Rules

Marc Giannoni and Michael Woodford

9938: The Causes and Consequences of Distinctively Black Names

Roland Fryer and Steven Levitt

9937: The Magnitude and Nature of Risk Selection in Employer-Sponsored Health Plans

Sean Nicholson, Kate Bundorf, Rebecca M. Stein and Daniel Polsky

9936: On the Duration of Trade

Tibor Besedes and Thomas Prusa

9935: The Reappearing Masterpiece: Ranking American Artists and Art Works of the Late Twentieth Century

David Galenson

9934: Unbundling Institutions

Daron Acemoglu and Simon Johnson

9933: Becoming Oldest-Old: Evidence from Historical U.S. Data

Dora Costa and Joanna Lahey

9932: Tough Policies, Incredible Policies?

Andres Velasco and Alejandro Neut

9931: Micro-Foundations of Urban Agglomeration Economies

Gilles Duranton and Diego Puga

9930: Does the Source of Capital Affect Capital Structure?

Michael Faulkender and Mitchell Petersen

9929: Monetary Discretion, Pricing Complementarity and Dynamic Multiple Equilibria

Robert King and Alexander Wolman

9928: Importing Technology

Francesco Caselli and Daniel Wilson

9927: Uncovering the Risk-Return Relation in the Stock Market

Hui Guo and Robert F. Whitelaw

9926: How Should We Measure Consumer Confidence (Sentiment)? Evidence from the Michigan Survey of Consumers

Jeff Dominitz and Charles Manski

9925: Price Elasticity of Demand for Term Life Insurance and Adverse Selection

Mark V. Pauly, Kate H. Withers, Krupa Subramanian-Viswana, Jean Lemaire and John C. Hershey

9924: A New Approach to the Valuation of Intangible Capital

Jason Cummins

9923: Capital Deepening in American Manufacturing, 1850-1880

Jeremy Atack, Fred Bateman and Robert Margo

9922: On the Efficiency of Competitive Electricity Markets With Time-Invariant Retail Prices

Severin Borenstein and Stephen Holland

9921: Bank Concentration and Crises

Thorsten Beck, Asli Demirguc-Kunt and Ross Levine

9920: The Case for Auctioning Countermeasures in the WTO

Kyle Bagwell, Petros C. Mavroidis and Robert Staiger

9919: Adverse Selection and the Challenges to Stand-Alone Prescription Drug Insurance

Mark V. Pauly and Yuhui Zeng

9918: Mothers' and Fathers' Labor Supply in Fragile Families: The Role of Child Health

Hope Corman, Nancy E. Reichman and Kelly Noonan

9917: Passive Decisions and Potent Defaults

James Choi, David Laibson, Brigitte Madrian and Andrew Metrick

9916: Capital Tax Incidence: Fisherian Impressions from the Time Series

Casey Mulligan

9915: Disentangling Volatility from Jumps

Yacine Ait-Sahalia

9914: The Effect of Macroeconomic News on Beliefs and Preferences: Evidence from the Options Market

Alessandro Beber and Michael W. Brandt

9913: Pension Reform in Germany: The Impact on Retirement Decisions

Axel Borsch-Supan and Barbara Berkel

9912: The Role of Consumer Knowledge of Insurance Benefits in the Demand for Preventative Health

Steve Parente, David Salkever and Joan DaVanzo

9911: The Pricing of Job Characteristics When Markets Do Not Clear: Theory and Implications

Kevin Lang and Sumon Majumdar

9910: Identification and Estimation of Hedonic Models

Ivar Ekeland, James Heckman and Lars Nesheim