NBER Working Papers

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10225: World Markets for Raising New Capital

Brian J. Henderson, Narasimhan Jegadeesh and Michael Weisbach

10224: Private Benefits and Cross-Listings in the United States

Evangelos Benos and Michael Weisbach

10223: The New New Financial Thing: The Sources of Innovation Before and After State Street

Josh Lerner

10222: Why Do Some Firms Give Stock Options to All Employees?: An Empirical Examination of Alternative Theories

Paul Oyer and Scott Schaefer

10221: Compensating Employees Below the Executive Ranks: A Comparison of Options, Restricted Stock, and Cash

Paul Oyer and Scott Schaefer

10220: Measuring the Effects of Monetary Policy: A Factor-Augmented Vector Autoregressive (FAVAR) Approach

Ben Bernanke, Jean Boivin and Piotr Eliasz

10219: How Large are the Classification Errors in the Social Security Disability Award Process?

Hugo Benitez-Silva, Moshe Buchinsky and John Rust

10218: Aggregate Short Interest and Market Valuations

Owen Lamont and Jeremy Stein

10217: Is Debt Relief Efficient?

Serkan Arslanalp and Peter Henry

10216: The Absent-Minded Consumer

John Ameriks, Andrew Caplin and John Leahy

10215: The Effect of Job Security Regulations on Labor Market Flexibility: Evidence from the Colombian Labor Market Reform

Adriana Kugler

10214: Family Cap Provisions and Changes in Births and Abortions

Ted Joyce, Robert Kaestner, Sanders Korenman and Stanley Henshaw

10213: A Portrait of the Artist as a Young or Old Innovator: Measuring the Careers of Modern Novelists

David Galenson

10212: Innovation and Diffusion

Bronwyn Hall

10211: Consumption Commitments, Unemployment Durations, and Local Risk Aversion

Raj Chetty

10210: Robust Aggregate Implications of Stochastic Discount Factor Volatility

Casey Mulligan

10209: Physical and Human Capital Deepening and New Trade Patterns in Japan

Keiko Ito and Kyoji Fukao

10208: Exporting and Performance of Plants: Evidence from Korean Manufacturing

Chin Hee Hahn

10207: Does the WTO Make Trade More Stable?

Andrew Rose

10206: Does the Length of Maternity Leave Affect Maternal Health?

Pinka Chatterji and Sara Markowitz

10205: Foreign Lobbies and US Trade Policy

Kishore Gawande, Pravin Krishna and Michael J. Robbins

10204: Managed Care, Drug Benefits and Mortality: An Analysis of the Elderly

Gautam Gowrisankaran and Robert Town

10203: Psychology and the Market

Edward Glaeser

10202: Benchmarking the Returns to Venture

Susan E. Woodward and Robert Hall

10201: The Dynamics of Work and Debt

Jeffrey Campbell and Zvi Hercowitz

10200: Wealth Destruction on a Massive Scale? A Study of Acquiring-Firm Returns in the Recent Merger Wave

Sara B. Moeller, Frederik Schlingemann and René Stulz

10199: Age Variations in Workers' Value of Statistical Life

Joseph Aldy and W Viscusi

10198: Ownership and Control in Outsourcing to China: Estimating the Property-Rights Theory of the Firm

Robert Feenstra and Gordon Hanson

10197: Should Exact Index Numbers Have Standard Errors? Theory and Application to Asian Growth

Robert Feenstra and Marshall B. Reinsdorf

10196: Optimal Policy with Low-Probability Extreme Events

Lars Svensson

10195: Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others

Lars Svensson

10194: Small Noise Asymptotics for a Stochastic Growth Model

Noah Williams

10193: Varieties of Currency Crises

Graciela Kaminsky

10192: Internal and External Labor Markets: A Personnel Economics Approach

Edward Lazear and Paul Oyer

10191: The Rise of the Skilled City

Edward Glaeser and Albert Saiz

10190: Why Firms Adopt Antitakeover Arrangements

Lucian Bebchuk

10189: Optimal Integration Strategies for the Multinational Firm

Gene Grossman, Elhanan Helpman and Adam Szeidl

10188: Do Firms in Countries with Poor Protection of Investor Rights Hold More Cash?

Lee Pinkowitz, René Stulz and Rohan Williamson

10187: Menu Costs and Phillips Curves

Mikhail Golosov and Robert Lucas

10186: Stressed Out on Four Continents: Time Crunch or Yuppie Kvetch?

Daniel Hamermesh and Jungmin Lee

10185: What You Don't Know Can't Help You: Pension Knowledge and Retirement Decision Making

Sewin Chan and Ann Stevens

10184: Risk Management, Capital Budgeting and Capital Structure Policy for Insurers and Reinsurers

Kenneth Froot

10183: The Invention of Inflation-Indexed Bonds in Early America

Robert Shiller

10182: The Size and Composition of Wealth Holdings in the United States, Italy, and the Netherlands

Arie Kapteyn and Constantijn Panis

10181: Assessing the Benefits to Developing Countries of Liberalization in Services Trade

John Whalley

10180: Choosing Between Peace and War

Herschel Grossman

10179: Assessing, Managing, and Financing Extreme Events: Dealing with Terrorism

Howard Kunreuther, Erwann Michel-Kerjan and Beverly Porter

10178: WTO Dispute Settlements in East Asia

Dukgeun Ahn

10177: Motivating Employee-Owners in ESOP Firms: Human Resource Policies and Company Performance

Douglas Kruse, Richard Freeman, Joseph Blasi, Robert Buchele, Adria Scharf, Loren Rodgers and Chris Mackin

10176: How Do Electoral Rules Shape Party Structures, Government Coalitions, and Economic Policies?

Torsten Persson, Gérard Roland and Guido Tabellini

10175: Bargaining in the Shadow of the Law: Divorce Laws and Family Distress

Betsey Stevenson and Justin Wolfers

10174: Wages Equal Productivity: Fact or Fiction?

Johannes Van Biesebroeck

10173: The Impacts of an East Asia FTA on Foreign Trade in East Asia

Shujiro Urata and Kozo Kiyota

10172: The Effects of Financial Crises on International Trade

Zihui Ma and Leonard Cheng

10171: Gold, Fiat Money, and Price Stability

Michael Bordo, Robert D. Dittmar and William Gavin

10170: Consequences of Constitutions

Torsten Persson

10169: International R&D Deployment and Locational Advantage: A Case Study of Taiwan

Meng-Chun Liu and Shin-Horng Chen

10168: Competitive Liberalization and a US-SACU FTA

John Whalley and James Leith

10167: The Formation of International Production and Distribution Networks in East Asia

Mitsuyo Ando and Fukunari Kimura

10166: Reinventing Boston: 1640-2003

Edward Glaeser

10165: Institutions, Capital Constraints and Entrepreneurial Firm Dynamics: Evidence from Europe

Mihir Desai, Paul Gompers and Josh Lerner

10164: Does Human Capital Transfer from Parent to Child? The Intergenerational Effects of Compulsory Schooling

Philip Oreopoulos, Marianne Page and Ann Stevens

10163: Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap

Willem Buiter

10162: Remedies for Price Overcharges: The Deadweight Loss of Coupons and Discounts

A. Mitchell Polinsky and Daniel L. Rubinfeld

10161: Choosing the Federal Reserve Chair: Lessons from History

Christina Romer and David Romer

10160: The Trade and Investment Effects of Preferential Trading Arrangements

Philippa Dee and Jyothi Gali

10159: Estimating the Effects of Global Patent Protection in Pharmaceuticals: A Case Study of Quinolones in India

Shubham Chaudhuri, Pinelopi Goldberg and Panle Jia

10158: Governance and Bank Valuation

Gerard Caprio, Luc Laeven and Ross Levine

10157: The Risk Tolerance of International Investors

Kenneth Froot and Paul G. J. O'Connell

10156: The Effects of Overseas Investment on Domestic Employment

Tain-Jy Chen and Ying-Hua Ku

10155: Do Dropouts Drop Out Too Soon? International Evidence From Changes in School-Leaving Laws

Philip Oreopoulos

10154: Common Sense and Simplicity in Empirical Industrial Organization

Ariel Pakes

10153: The Character and Determinants of Corporate Capital Gains

Mihir Desai and William Gentry

10152: Trade Liberalization and Growth: New Evidence

Romain Wacziarg and Karen Horn Welch

10151: Commitment Vs. Flexibility

Manuel Amador, Iván Werning and George-Marios Angeletos

10150: Corporate Earnings Track the Competitive Benchmark

Robert Hall

10149: Optimal Fiscal and Monetary Policy Under Imperfect Competition

Stephanie Schmitt-Grohe and Martín Uribe

10148: The Effect of Word of Mouth on Sales: Online Book Reviews

Judith Chevalier and Dina Mayzlin

10147: International Determinants of Religiosity

Robert Barro and Rachel M. McCleary

10146: Estimating Models of On-the-Job Search Using Record Statistics

Gadi Barlevy

10145: Which Countries Export FDI, and How Much?

Assaf Razin, Yona Rubinstein and Efraim Sadka

10144: Endogenous Financial Openness: Efficiency and Political Economy Considerations

Joshua Aizenman and Ilan Noy

10143: Liberalization in China's Key Service Sectors Following WTO Accession: Some Scenarios and Issues of Measurement

John Whalley

10142: Agents of Embeddedness

Pierre Azoulay

10141: Weather Forecasting for Weather Derivatives

Sean D. Campbell and Francis Diebold

10140: The Two-Part Instrument in a Second-Best World

Don Fullerton and Ann Wolverton

10139: A Simulation-Based Welfare Loss Calculation for Labor Taxes with Piecewise-Linear Budgets

Don Fullerton and Li Gan

10138: Regeneration, Labour Supply and the Welfare Costs of Taxes

Edgar Cudmore and John Whalley

10137: The Use of Literature Based Elasticity Estimates in Calibrated Models of Trade-Wage Decompositions: A Calibmetric Approach

Hui Huang and John Whalley

10136: Kleptocracy and Divide-and-Rule: A Model of Personal Rule

Daron Acemoglu, James Robinson and Thierry Verdier

10135: Competitive Risk Sharing Contracts with One-Sided Commitment

Dirk Krueger and Harald Uhlig

10134: Does Child Labor Decline with Improving Economic Status?

Eric Edmonds

10133: Entrant Experience and Plant Exit

Timothy Dunne, Shawn Klimek and Mark Roberts

10132: Aggregate Consequences of Limited Contract Enforceability

Thomas Cooley, Ramon Marimon and Vincenzo Quadrini

10131: The Price is (Almost) Right

Randolph B. Cohen, Christopher Polk and Tuomo Vuolteenaho

10130: Have National Business Cycles Become More Synchronized?

Michael Bordo and Thomas Helbling

10129: Law and Employment: Lessons from Latin America and the Caribbean

James Heckman and Carmen Pages

10128: External Constraints on Monetary Policy and the Financial Accelerator

Mark Gertler, Simon Gilchrist and Fabio Natalucci

10127: Health Plan Conversions: Are They in the Public Interest?

Nancy Dean Beaulieu

10126: Legal Institutions and Financial Development

Thorsten Beck and Ross Levine