NBER Working Papers

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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

10125: International Lending of Last Resort and Moral Hazard: A Model of IMF's Catalytic Finance

Giancarlo Corsetti, Bernardo Guimaraes and Nouriel Roubini

10124: Why is Manhattan So Expensive? Regulation and the Rise in House Prices

Edward Glaeser, Joseph Gyourko and Raven Saks

10123: The LM Curve: A Not-So-Fond Farewell

Benjamin Friedman

10122: The Timing of Births: Is the Health of Infants Counter-Cyclical?

Rajeev Dehejia and Adriana Lleras-Muney

10121: What Mean Impacts Miss: Distributional Effects of Welfare Reform Experiments

Marianne Bitler, Jonah Gelbach and Hilary Hoynes

10120: Behavioral Decision-Making: An Application to the Setting of Magazine Subscription Prices

Fiona Scott Morton and Sharon Oster

10119: Pareto Efficient Income Taxation with Stochastic Abilities

Marco Battaglini and Stephen Coate

10118: The Central Role of Noise in Evaluating Interventions that Use Test Scores to Rank Schools

Kenneth Chay, Patrick McEwan and Miguel Urquiola

10117: A Multiple Indicators Model for Volatility Using Intra-Daily Data

Robert Engle and Giampiero Gallo

10116: Two Trees: Asset Price Dynamics Induced by Market Clearing

John Cochrane, Francis Longstaff and Pedro Santa-Clara

10115: Cross-Border Valuation: The International Cost of Equity Capital

Gordon Bodnar, Bernard Dumas and Richard D. Marston

10114: Patents and R&D as Real Options

Eduardo S. Schwartz

10113: The Effect of School Choice on Student Outcomes: Evidence from Randomized Lotteries

Julie Cullen, Brian A. Jacob and Steven Levitt

10112: Financial Aid and Students' College Decisions: Evidence from the District of Columbia's Tuition Assistance Grant Program

Katharine Abraham and Melissa A. Clark

10111: A Tale of Two Time Scales: Determining Integrated Volatility with Noisy High Frequency Data

Lan Zhang, Per A. Mykland and Yacine Ait-Sahalia

10110: Cross-Border Tax Externalities: Are Budget Deficits Too Small?

Willem Buiter and Anne Sibert

10109: The Optimal Degree of Discretion in Monetary Policy

Susan Athey, Andrew Atkeson and Patrick Kehoe

10108: The Market for American State Government Bonds in Britain and the United States, 1830-1843

Namsuk Kim and John Joseph Wallis

10107: Generalized Disappointment Aversion and Asset Prices

Bryan Routledge and Stanley Zin

10106: Firm Location and the Creation and Utilization of Human Capital

Andres Almazan, Adolfo de Motta and Sheridan Titman

10105: Nonparametric Tests for Common Values at First-Price Sealed-Bid Auctions

Philip Haile, Han Hong and Matthew Shum

10104: Categorical Redistribution in Winner-Take-All Markets

Roland Fryer and Glenn Loury

10103: Color-Blind Affirmative Action

Roland Fryer, Glenn Loury and Tolga Yuret

10102: Self Enforcing Voting in International Organizations

Giovanni Maggi and Massimo Morelli

10101: Stakeholder, Transparency and Capital Structure

Andres Almazan, Javier Suarez and Sheridan Titman

10100: The Role of Retiree Health Insurance in the Employment Behavior of Older Men

David Blau and Donna Gilleskie

10099: Optimal Taxation When Consumers Have Endogenous Benchmark Levels of Consumption

Andrew Abel

10098: Grasshoppers, Ants, and Pre-Retirement Wealth: A Test of Permanent Income

Erik Hurst

10097: How Do Legal Differences and Learning Affect Financial Contracts?

Steven Kaplan, Frederic Martel and Per Stromberg

10096: The Developed World's Demographic Transition - The Roles of Capital Flows, Immigration, and Policy

Hans Fehr, Sabine Jokisch and Laurence Kotlikoff

10095: Crisis Resolution: Next Steps

Barry Eichengreen and Kenneth Kletzer

10094: On the Writing and the Interpretation of Contracts

Steven Shavell

10093: Monetary Policies for Developing Countries: The Role of Corruption

Haizhou Huang and Shang-Jin Wei

10092: Health Insurance Coverage and the Macroeconomy

John Cawley and Kosali Simon

10091: Getting Inside the "Black Box" of Head Start Quality: What Matters and What Doesn't?

Janet Currie and Matthew Neidell

10090: The Environment and Globalization

Jeffrey Frankel

10089: An "Inflation Reports" Report

Eric Leeper

10088: Child Labor, Crop Shocks, and Credit Constraints

Kathleen Beegle, Rajeev Dehejia and Roberta Gatti

10087: Inequality and Trade

Devashish Mitra and Vitor Trindade

10086: Does the Failure of the Expectations Hypothesis Matter for Long-Term Investors

Antonios Sangvinatsos and Jessica Wachter

10085: The Impact on Consumption and Saving of Current and Future Fiscal Policies

Katherine Carman, Jagadeesh Gokhale and Laurence Kotlikoff

10084: Labor Versus Capital in Trade-Policy Determination: The Role of General-Interest and Special-Interest Politics

Pushan Dutt and Devashish Mitra

10083: Acquiring Knowledge Within and Across Firm Boundaries: Evidence from Clinical Development

Pierre Azoulay

10082: Global Sourcing

Pol Antras and Elhanan Helpman

10081: Zvi Griliches' Contribution to the Theory of Human Capital

Reuben Gronau

10080: How do Regimes Affect Asset Allocation?

Andrew Ang and Geert Bekaert

10079: A Theory of Factor Allocation and Plant Size

Thomas Holmes and Matthew Mitchell

10078: Inventories and the Business Cycle: An Equilibrium Analysis of (S,s) Policies

Aubhik Khan and Julia Thomas

10077: Determinants of Labor Demand in Colombia: 1976-1996

Mauricio Cardenas and Raquel Bernal

10076: Economic Insights from Internet Auctions: A Survey

Patrick Bajari and Ali Hortacsu

10075: Mass Secondary Schooling and the State

Claudia Goldin and Lawrence Katz

10074: A Prism into the PPP Puzzles: The Micro-foundations of Big Mac Real Exchange Rates

David Parsley and Shang-Jin Wei

10073: Crises and Growth: A Re-Evaluation

Romain Ranciere, Aaron Tornell and Frank Westermann

10072: The Alternative Minimum Tax and Effective Marginal Tax Rates

Daniel Feenberg and James Poterba

10071: Liquidity Shortages and Banking Crises

Douglas Diamond and Raghuram Rajan

10070: Money in a Theory of Banking

Douglas Diamond and Raghuram Rajan

10069: The Origins of Spatial Interaction

Wolfgang Keller and Carol Shiue

10068: Labor Market Discrimination and Racial Differences in Premarket Factors

Pedro Carneiro, James Heckman and Dimitriy V. Masterov

10067: Globalizing Activities and the Rate of Survival: Panel Data Analysis on Japanese Firms

Fukunari Kimura and Takamune Fujii

10066: Why the Apple Doesn't Fall Far: Understanding Intergenerational Transmission of Human Capital

Sandra Black, Paul Devereux and Kjell G Salvanes

10065: Revisiting Some Productivity Debates

Johannes Van Biesebroeck

10064: Domestic Capital Market Reform and Access to Global Finance: Making Markets Work

Peter Henry and Peter Lorentzen

10063: Consequences and Predictors of New Health Events

James Smith

10062: Benefit Plan Design and Prescription Drug Utilization Among Asthmatics: Do Patient Copayments Matter?

William H. Crown, Ernst R. Berndt, Onur Baser, Stan N. Finkelstein and Whitney P. Witt

10061: The Unholy Trinity of Financial Contagion

Graciela Kaminsky, Carmen Reinhart and Carlos Vegh

10060: School-to-Career Programs and Transitions to Employment and Higher Education

David Neumark and Donna Rothstein

10059: Efficiency Costs of Meeting Industry-Distributional Constraints under Environmental Permits and Taxes

Lans Bovenberg, Lawrence H. Goulder and Derek J. Gurney

10058: Is Japan's Trade (still) Different?

James Harrigan and Rohit Vanjani

10057: A Normal Country

Andrei Shleifer and Daniel Treisman

10056: The Demand for Coordination

Wouter Dessein and Tano Santos

10055: Small Farms, Externalities, and the Dust Bowl of the 1930's

Zeynep K. Hansen and Gary Libecap

10054: Corporate Earnings and the Equity Premium

Francis Longstaff and Monika Piazzesi

10053: Air Quality, Infant Mortality, and the Clean Air Act of 1970

Kenneth Chay and Michael Greenstone

10052: Heterogeneity and the FDI versus Export Decision of Japanese Manufacturers

Keith Head and John Ries

10051: Winners and Losers of Tax Competition in the European Union

Enrique Mendoza and Linda Tesar

10050: Growth Strategies

Dani Rodrik

10049: Product Substitutability and Productivity Dispersion

Chad Syverson

10048: Forecasting the Term Structure of Government Bond Yields

Francis Diebold and Canlin Li

10047: The Chinese Economies in Global Context: The Integration Process and Its Determinants

Yin-Wong Cheung, Menzie Chinn and Eiji Fujii

10046: Marijuana and Crime: Is there a Connection Beyond Prohibition?

Rosalie Pacula and Beau Kilmer

10045: Illicit Drug Use and Educational Attainment

Pinka Chatterji

10044: Tax Bases, Tax Rates and the Elasticity of Reported Income

Wojciech Kopczuk

10043: Unemployment Insurance Tax Burdens and Benefits: Funding Family Leave and Reforming the Payroll Tax

Patricia Anderson and Bruce Meyer

10042: How to Discount Cashflows with Time-Varying Expected Returns

Andrew Ang and Jun Liu

10041: A Model of R&D Valuation and the Design of Research Incentives

Jason C. Hsu and Eduardo S. Schwartz

10040: Do Democracies Have Different Public Policies than Nondemocracies?

Casey Mulligan, Xavier Sala-i-Martin and Ricard Gil