NBER Working Papers

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10278: Demand Estimation with Heterogeneous Consumers and Unobserved Product Characteristics: A Hedonic Approach

C. Lanier Benkard and Patrick Bajari

10277: Financial Openness, Sudden Stops and Current Account Reversals

Sebastian Edwards

10276: Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops

Sebastian Edwards

10275: Tax-Motivated Trading by Individual Investors

Zoran Ivkovich, James Poterba and Scott Weisbenner

10274: Single Mothers Working at Night: Standard Work, Child Care Subsidies, and Implications for Welfare Reform

Erdal Tekin

10273: Reported Incomes and Marginal Tax Rates, 1960-2000: Evidence and Policy Implications

Emmanuel Saez

10272: Chaotic Interest Rate Rules: Expanded Version

Jess Benhabib, Stephanie Schmitt-Grohe and Martín Uribe

10271: Does Copyright Piracy Pay? The Effects of U.S. International Copyright Laws on the Market for Books, 1790-1920

B. Zorina Khan

10270: The Declining Equity Premium: What Role Does Macroeconomic Risk Play?

Martin Lettau, Sydney Ludvigson and Jessica Wachter

10269: Does Competition Destroy Ethical Behavior?

Andrei Shleifer

10268: Deflation and Depression: Is There and Empirical Link?

Andrew Atkeson and Patrick Kehoe

10267: Accounting for Exchange Rate Variability in Present-Value Models When the Discount Factor is Near One

Charles Engel and Kenneth West

10266: Life-Cycle Consumption and the Age-Adjusted Value of Life

Thomas Kniesner, James Ziliak and W Viscusi

10265: Does Illiquidity Alter Child Labor and Schooling Decisions? Evidence from Household Responses to Anticipated Cash Transfers in South Africa

Eric Edmonds

10264: Investor Behavior in the Option Market

Josef Lakonishok, Inmoo Lee and Allen M. Poteshman

10263: Inflation Illusion and Stock Prices

John Campbell and Tuomo Vuolteenaho

10262: What do Aggregate Consumption Euler Equations Say about the Capital Income Tax Burden?

Casey Mulligan

10261: Deep Habits

Morten Ravn, Stephanie Schmitt-Grohe and Martín Uribe

10260: Are Americans Saving "Optimally" for Retirement?

John Scholz, Ananth Seshadri and Surachai Khitatrakun

10259: Why Are Most Funds Open-End? Competition and the Limits of Arbitrage

Jeremy Stein

10258: R&D Investments with Competitive Interactions

Kristian R. Miltersen and Eduardo S. Schwartz

10257: Is There a Retirement-Consumption Puzzle? Evidence Using Subjective Retirement Expectations

Steven Haider and Melvin Stephens

10256: Market Culture: How Norms Governing Exploding Offers Affect Market Performance

Muriel Niederle and Alvin Roth

10255: The Great Depression and the Friedman-Schwartz Hypothesis

Lawrence Christiano, Roberto Motto and Massimo Rostagno

10254: The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology

Lawrence Christiano, Martin Eichenbaum and Robert Vigfusson

10253: Optimal Simple and Implementable Monetary and Fiscal Rules

Stephanie Schmitt-Grohe and Martín Uribe

10252: A Search for Multiple Equilibria in Urban Industrial Structure

Donald Davis and David Weinstein

10251: Air Pollution and Infant Health: What Can We Learn From California's Recent Experience

Janet Currie and Matthew Neidell

10250: Tight Clothing: How the MFA Affects Asian Apparel Exports

Carolyn Evans and James Harrigan

10249: National Sovereignty in an Interdependent World

Kyle Bagwell and Robert Staiger

10248: Persuasion in Politics

Kevin Murphy and Andrei Shleifer

10247: How Well Do Parents With Young Children Combine Work and Family Life

Christopher Ruhm

10246: Financial Development and the Instability of Open Economies

Philippe Aghion, Philippe Bacchetta and Abhijit Banerjee

10245: A Scapegoat Model of Exchange Rate Fluctuations

Philippe Bacchetta and Eric van Wincoop

10244: Fooling Ourselves: Evaluating the Globalization and Growth Debate

Juan Hallak and James Levinsohn

10243: The Labor Market Effects of the 1960s Riots

William Collins and Robert Margo

10242: How Financial Aid Affects Persistence

Eric Bettinger

10241: Bureaucrats or Politicians?

Alberto Alesina and Guido Tabellini

10240: Incentives vs. Control: An Analysis of U.S. Dual-Class Companies

Paul Gompers, Joy Ishii and Andrew Metrick

10239: Is it is or is it Ain't my Obligation? Regional Debt in Monetary Unions

Russell Cooper, Hubert Kempf and Dan Peled

10238: Investment Prices and Exchange Rates: Some Basic Facts

Ariel Burstein, Joao C. Neves and Sergio Rebelo

10237: Knowledge Management, Innovation, and Productivity: A Firm Level Exploration Based on French Manufacturing CIS3 Data

Elisabeth Kremp and Jacques Mairesse

10236: Financial Development and Growth in the Short and Long Run

Raymond Fisman and Inessa Love

10235: The Geography of Stock Market Participation: The Influence of Communities and Local Firms

Jeffrey Brown, Zoran Ivkovich, Paul A. Smith and Scott Weisbenner

10234: Population and Regulation

Casey Mulligan and Andrei Shleifer

10233: Market Reactions to Export Subsidies

Mihir A. Desai and James Hines

10232: On the Desirability of Fiscal Constraints in a Monetary Union

Varadarajan Chari and Patrick Kehoe

10231: Efficiency with Endogenous Population Growth

Mikhail Golosov, Larry Jones and Michele Tertilt

10230: Helping the Poor to Help Themselves: Debt Relief or Aid

Serkan Arslanalp and Peter Henry

10229: Some Simple Analytics of School Quality

Eric Hanushek

10228: Employees' Investment Decisions about Company Stock

James Choi, David Laibson, Brigitte Madrian and Andrew Metrick

10227: What Happens When Child Care Inspections and Complaints Are Made Available on the Internet?

Ann Dryden Witte and Magaly Queralt

10226: Interpersonal Effects in Consumption: Evidence from the Automobile Purchases of Neighbors

Mark Grinblatt, Matti Keloharju and Seppo Ikaheimo

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