NBER Working Papers

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9609: The Effects of War Risk on U.S. Financial Markets

Roberto Rigobon and Brian Sack

9608: The New Comparative Economics

Simeon Djankov, Edward Glaeser, Rafael La Porta, Florencio Lopez- de-Silane and Andrei Shleifer

9607: The Evolution of High Incomes in Canada, 1920-2000

Emmanuel Saez and Michael Veall

9606: A Brazilian-Type Debt Crisis: Simple Analytics

Assaf Razin and Efraim Sadka

9605: Expected Returns and Expected Dividend Growth

Martin Lettau and Sydney Ludvigson

9604: Frictionless Technology Diffusion: The Case of Tractors

Rodolfo Manuelli and Ananth Seshadri

9603: In-State versus Out-of State Students: The Divergence of Interest between Public Universities and State Governments

Jeffrey A. Groen and Michelle White

9602: The Effect of Automobile Insurance and Accident Liability Laws in Traffic Fatalities

Alma Cohen and Rajeev Dehejia

9601: Power-hungry Candidates, Policy Favors, and Pareto Improving Campaign Finance Policy

Stephen Coate

9600: Antitrust Merger Policy: Lessons from the Australian Experience

Philip L. Williams and Graeme Woodbridge

9599: Inflation Targeting and Sudden Stops

Ricardo Caballero and Arvind Krishnamurthy

9598: Intellectual Property & External Consumption Effects: Generalizations from Pharmaceutical Markets

Tomas Philipson and Stéphane Mechoulan

9597: The Kindergarten Rule of Sustainable Growth

William Brock and M. Scott Taylor

9596: Transition Policy: A Conceptual Framework

Louis Kaplow

9595: Banks and Markets: The Changing Character of European Finance

Luigi Zingales and Raghuram Rajan

9594: Historical Perspectives on U.S. Economic Geography

Sukkoo Kim and Robert Margo

9593: Race and Pregnancy Outcomes in the Twentieth Century: A Long-Term Comparison

Dora Costa

9592: Rail Reform Strategies: The Australian Experience

Helen Owens

9591: A Workers' Lobby to Provide Portable Benefits

Joni Hersch

9590: Union Participation in Strategic Decisions of Corporations

Eileen Appelbaum and Larry W. Hunter

9589: Market Evaluations of Banking Fragility in Japan: Japan Premium, Stock Prices, and Credit Derivatives

Takatoshi Ito and Kimie Harada

9588: Are There Civic Returns to Education?

Thomas Dee

9587: What Do Financial Markets Think of War in Iraq?

Andrew Leigh, Justin Wolfers and Eric Zitzewitz

9586: The Retirement-Consumption Puzzle: Anticipated and Actual Declines in Spending at Retirement

Michael Hurd and Susann Rohwedder

9585: The Effect of Expected Income on Individual Migration Decisions

John Kennan and James Walker

9584: Does Education Improve Citizenship? Evidence from the U.S. and the U.K

Kevin Milligan, Enrico Moretti and Philip Oreopoulos

9583: Financial Development and the Composition of Industrial Growth

Raymond Fisman and Inessa Love

9582: Financial Dependence and Growth Revisited

Raymond Fisman and Inessa Love

9581: The Measurement of Firm-Specific Organization Capital

Baruch Lev and Suresh Radhakrishnan

9580: Foreign Capital in Latin America in the Nineteenth and Twentieth Centuries

Alan Taylor

9579: Categorical Cognition: A Psychological Model of Categories and Identification in Decision Making

Roland Fryer and Matthew Jackson

9578: Openness and Growth: What's the Empirical Relationship?

Robert Baldwin

9577: Does Inflation Targeting Matter?

Laurence Ball and Niamh Sheridan

9576: Active Labour Market Policies and the British New Deal for the Young Unemployed in Context

John van Reenen

9575: Sources of Corporate Financing and Economic Crisis in Korea: A Micro-evidence

Youngjae Lim

9574: Initial Public Offering and Corporate Governance in China's Transitional Economy

Chien-Hsun Chen and Hui-Tzu Shih

9573: Characteristics of Foreign-Owned Firms in British Manufacturing

Rachel Griffith and Helen Simpson

9572: Traders, Cops and Robbers

James Anderson

9571: An Econometric Model of Serial Correlation and Illiquidity in Hedge Fund Returns

Mila Getmansky, Andrew Lo and Igor Makarov

9570: On the International Financial Architecture: Insuring Emerging Markets

Ricardo Caballero

9569: How Workers Fare When Employers Innovate

Sandra Black, Lisa Lynch and Anya Krivelyova

9568: Monetary Rules for Small, Open, Emerging Economies

Douglas Laxton and Paolo Pesenti

9567: Subsidies to Employee Health Insurance Premiums and the Health Insurance Market

Jonathan Gruber and Ebonya Washington

9566: Modeling Model Uncertainty

Alexei Onatski and Noah Williams

9565: Individual Rights and Collective Agents: The Role of Old and New Workplace Institutions in the Regulation of Labor Markets

David Weil

9564: The Surprising Retreat of Union Britain

John Pencavel

9563: What Has Happened to Wages in Mexico since NAFTA?

Gordon Hanson

9562: The Housing Market Impact of State-Level Anti-Discrimination Laws, 1960-970

William Collins

9561: Lighting Up and Slimming Down: The Effects of Body Weight and Cigarette Prices on Adolescent Smoking Initiation

John Cawley, Sara Markowitz and John Tauras

9560: Regulation and Investment

Alberto Alesina, Silvia Ardagna, Giuseppe Nicoletti and Fabio Schiantarelli

9559: Implicit Contracts, the Great Depression, and Institutional Change: A Comparative Analysis of U.S. and Japanese Employment Relations, 1920-1940

Chiaki Moriguchi

9558: Backward-Looking Interest-Rate Rules, Interest-Rate Smoothing, and Macroeconomic Instability

Jess Behabib, Stephanie Schmitt-Grohe and Martín Uribe

9557: Inflation Inertia and Credible Disinflation - The Open Economy Case

Guillermo Calvo, Oya Celasun and Michael Kumhof

9556: Pension Reform and Economic Performance in Britain in the 1980s and 1990s

Richard Disney, Carl Emmerson and Sarah Smith

9555: A Decomposition of Global Linkages in Financial Markets Over Time

Kristin Forbes and Menzie Chinn

9554: Exploring the Health-Wealth Nexus

Jonathan Meer, Douglas Miller and Harvey Rosen

9553: The Impact of Federal Tax Credits for Higher Education Expenses

Bridget Long

9552: Putting 'M' back in Monetary Policy

Eric Leeper and Jennifer E. Roush

9551: Why Does Financial Development Matter? The United States from 1900 to 1940

Rajeev Dehejia and Adriana Lleras-Muney

9550: Labor Market Status of Older Males in the United States, 1880-1940

Chulhee Lee

9549: Lead Water Pipes and Infant Mortality in Turn-of-the-Century Massachusetts

Werner Troesken

9548: Consumption Risk and Expected Stock Returns

Jonathan Parker

9547: Strategic Asset Allocation in a Continuous-Time VAR Model

John Campbell, George Chacko, Jorge Rodriguez and Luis M. Viciera

9546: Estimating Distributions of Treatment Effects with an Application to the Returns to Schooling and Measurement of the Effects of Uncertainty on College

Pedro Carneiro, Karsten T. Hansen and James Heckman

9545: Does Teacher Testing Raise Teacher Quality? Evidence from State Certification Requirements

Joshua Angrist and Jonathan Guryan

9544: Analysts' Conflict of Interest and Biases in Earnings Forecasts

Louis K. C. Chan, Jason Karceski and Josef Lakonishok

9543: Endogenous Exchange Rate Pass-through when Nominal Prices are Set in Advance

Michael Devereux, Charles Engel and Peter E. Storgaard

9542: A Catering Theory of Dividends

Malcolm Baker and Jeffrey Wurgler

9541: Does Insider Trading Raise Market Volatility?

Julan Du and Shang-Jin Wei

9540: The Reallocation of Compensation in Response to Health Insurance Premium Increases

Dana Goldman, Neeraj Sood and Arleen Leibowitz

9539: The Life Cycles of Modern Artists: Theory, Measurement, and Implications

David Galenson

9538: Consumption Risk and Cross-Sectional Returns

Jonathan Parker and Christian Julliard

9537: The Effect of the Payroll Tax on Earnings: A Test of Competing Models of Wage Determination

Kevin Lang

9536: The Cyclical Behavior of Equilibrium Unemployment and Vacancies: Evidence and Theory

Robert Shimer

9535: A New Summary Measure of the Effective Tax Rate on Investment

Roger Gordon, Laura Kalambokidis and Joel Slemrod

9534: Merchant Transmission Investment

Paul Joskow and Jean Tirole

9533: International agreements on product standard: an incomplete contracting theory

Pierpaolo Battigalli and Giovanni Maggi

9532: Further Evidence that Legalized Abortion Lowered Crime: A Reply to Joyce

John Donohue and Steven Levitt

9531: Freight Rates and Productivity Gains in British Tramp Shipping 1869-1950

Saif I. Shah Mohammed and Jeffrey Williamson

9530: Why is Productivity Growing Faster?

Martin Feldstein

9529: Price Discovery in the U.S. Treasury Market: The Impact of Orderflow and Liquidity on the Yield Curve

Michael W. Brandt and Kenneth A. Kavajecz

9528: Knife Edge of Plateau: When Do Market Models Tip?

Glenn Ellison and Drew Fudenberg

9527: CEO Turnover and Foreign Market Participation

Bruce Blonigen and Rossitza Wooster

9526: Measuring Capital

Walter Diewert

9525: The Equity Premium in Retrospect

Rajnish Mehra and Edward Prescott

9524: Strikes, Scabs and Tread Separations: Labor Strife and the Production of Defective Bridgestone/Firestone Tires

Alan Krueger and Alexandre Mas

9523: Do shareholders of acquiring firms gain from acquisitions?

Sara B. Moeller, Frederik Schlingemann and René Stulz

9522: Deflation, Silent Runs, and Bank Holidays, in the Great Contraction

Hugh Rockoff

9521: Doomed to Deficits? Aggregate U.S. Trade Flows Re-Examined

Menzie Chinn

9520: Is Deflation depressing? Evidence from the Classical Gold Standard

Michael Bordo and Angela Redish

9519: What Can Be Learned from Skeletons that Might Interest Economists, Historians and Other Social Scientists?

Richard Steckel

9518: Time in Purgatory: Determinants of the Grant Lag for U.S. Patent Applications

David Popp, Ted Juhl and Daniel Johnson

9517: Export-Platform Foreign Direct Investment

Karolina Ekholm, Rikard Forslid and James Markusen

9516: Resident and Nonresident Tuition and Enrollment at Flagship State Universities

Michael J. Rizzo and Ronald Ehrenberg

9515: Do Asset Prices Reflect Fundamentals? Freshly Squeezed Evidence from the OJ Market

Jacob Boudoukh, Matthew Richardson, YuQing Shen and Robert F. Whitelaw

9514: A Currency of One's Own? An Empirical Investigation on Dollarization and Independent Currency Unions

Sebastian Edwards and Igal Magendzo

9513: Geography and Racial Health Disparities

Amitabh Chandra and Jonathan Skinner

9512: The Equity Premium: Why is it a Puzzle?

Rajnish Mehra

9511: International Price-Fixing Cartels and Developing Countries: A Discussion of Effects and Policy Remedies

Margaret Levenstein, Valerie Suslow and Lynda Oswald

9510: Market Integration and Contagion

Geert Bekaert and Campbell Harvey