NBER Working Papers

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9280: Does Medicare Benefit the Poor? New Answers to an Old Question

Jay Bhattacharya and Darius Lakdawalla

9279: Mergers as Reallocation

Boyan Jovanovic and Peter Rousseau

9278: The Stability and Growth Pact as an Impediment to Privatizing Social Security

Assaf Razin and Efraim Sadka

9277: Anomalies and Market Efficiency

G. Schwert

9276: Still Fettered After All These Years

Barry Eichengreen

9275: Mutual Fund Flows and Performance in Rational Markets

Jonathan B. Berk and Richard Green

9274: The Evolution of Economic Understanding and Postwar Stabilization Policy

Christina Romer and David Romer

9273: Do We Really Know that the WTO Increases Trade?

Andrew Rose

9272: Information Technology Externalities: Empirical Evidence from 42 U.S. Industries

Sung-Bae Mun and M. Ishaq Nadiri

9271: Federal Terrorism Risk Insurance

Jeffrey Brown, Randall S. Kroszner and Brian H. Jenn

9270: Closing Small Open Economy Models

Stephanie Schmitt-Grohe and Martín Uribe

9269: Competition and Innovation: An Inverted U Relationship

Philippe Aghion, Nicholas Bloom, Richard Blundell, Rachel Griffith and Peter Howitt

9268: Asset Allocation and Asset Location: Household Evidence from the Survey of Consumer Finances

Daniel Bergstresser and James Poterba

9267: Decomposing Productivity Growth in the U.S. Computer Industry

Hyunbae Chun and M. Ishaq Nadiri

9266: The High Demand for International Reserves in the Far East: What's Going On?

Joshua Aizenman and Nancy Marion

9265: Short and Long Run Decompositions of OECD Wage Inequality Changes

Terence Edwards and John Whalley

9264: What is the Price of Hubris? Using Takeover Battles to Infer Overpayments and Synergies

Pekka Hietala, Steven Kaplan and David Robinson

9263: How Important are Classroom Peer Effects? Evidence from Boston's Metco Program

Joshua Angrist and Kevin Lang

9262: Determinants of Real House Price Dynamics

Dennis Capozza, Patric Hendershott, Charlotte Mack and Christopher Mayer

9261: Exchange Rates and Casualties During the First World War

George Hall

9260: Transparency and International Investor Behavior

R. Gaston Gelos and Shang-Jin Wei

9259: Factor Endowments, Inequality, and Paths of Development Among New World Economics

Stanley L. Engerman and Kenneth Sokoloff

9258: Redistribution Policy: A European Model

Alessandra Casella

9257: The Great Exchange Rate Debate After Argentina

Sebastian Edwards

9256: Redistribution and Insurance: Mandatory Annuitization with Mortality Heterogeneity

Jeffrey Brown

9255: The Role of Information in Driving FDI: Theory and Evidence

Assaf Razin, Ashoka Mody and Efraim Sadka

9254: The Labour Market in the New Information Economy

Richard Freeman

9253: Corporate Demand for Liquidity

Heitor Almeida, Murillo Campello and Michael Weisbach

9252: Firm-Specific Resources, Financial-Market Development and the Growth of U.S. Multinationals

Susan Feinberg and Gordon Phillips

9251: Financial Market Runs

Antonio E. Bernardo and Ivo Welch

9250: The Role of Company Stock in Defined Contribution Plans

Olivia Mitchell and Stephen P. Utkus

9249: Rational Addiction, Peer Externalities and Long Run Effects of Public Policy

Donald Kenkel, Robert Reed and Ping Wang

9248: Optimal Drug Policy in Low-Income Neighborhoods

Sheng-Wen Chang, N. Edward Coulson and Ping Wang

9247: An Economic Analysis of Adult Obesity: Results from the Behavioral Risk Factor Surveillance System

Shin-Yi Chou, Michael Grossman and Henry Saffer

9246: Information Content of Equity Analyst Reports

Paul Asquith, Michael B. Mikhail and Andrea S. Au

9245: The Effect of Cigarette Excise Taxes on Smoking Before, During and After Pregnancy

Greg Coleman, Michael Grossman and Ted Joyce

9244: I Did What Last Night?!!! Adolescent Risky Sexual Behaviors and Substance Use

Michael Grossman and Sara Markowitz

9243: Frictions and Tax-Motivated Hedging: An Empirical Exploration of Publicly-Traded Exchangeable Securities

William Gentry and David M. Schizer

9242: International Migration, Self-Selection, and the Distribution of Wages: Evidence from Mexico and the United States

Daniel Chiquiar and Gordon Hanson

9241: The Persistence of Emerging Market Equity Flows

Jessica Tjornhom Donohue and Kenneth Froot

9240: Decomposing the Twin-peaks in the World Distribution of Output-per-worker

Paul Beaudry, Fabrice Collard and David Green

9239: Political Ideology and Endogenous Trade Policy: An Empirical Investigation

Pushan Dutt and Devashish Mitra

9238: Access to Physician Services: Does Supplemental Insurance Matter? Evidence from France

Thomas Buchmueller, Agnès Couffinhal, Michel Grignon and Marc Perronin

9237: People's Opium? Religion and Economic Attitudes

Luigi Guiso, Paola Sapienza and Luigi Zingales

9236: Food Insecurity and Public Assistance

George Borjas

9235: Short-Run Money Demand

Laurence Ball

9234: Marrying Your Mom: Preference Transmission and Women's Labor and Education Choices

Raquel Fernandez, Alessandra Fogli and Claudia Olivetti

9233: A New World Order: Explaining the Emergence of the Classical Gold Standard

Christopher Meissner

9232: Gary Becker's Contributions to Family and Household Economics

Robert Pollak

9231: The Timing of Childbearing among Heterogeneous Women in Dynamic General Equilibrium

Charles H. Mullin and Ping Wang

9230: Suppressing Asset Price Inflation: The Confederate Experience, 1861-1865

Marc Weidenmier and Richard Burdekin

9229: "Napsterizing" Pharmaceuticals: Access, Innovation, and Consumer Welfare

James Hughes, Michael J. Moore and Edward Snyder

9228: Financial Aid Packages and College Enrollment Decisions: An Econometric Case Study

David M. Linsenmeier, Harvey Rosen and Cecilia Elena Rouse

9227: Slavery and the Intergenerational Transmission of Human Capital

Bruce Sacerdote

9226: The Effects of Progressive Income Taxation on Job Turnover

William Gentry and Robert Hubbard

9225: Why Do Employers Pay For College?

Peter Cappelli

9224: Chains of Ownership, Regional Tax Competition, and Foreign Direct Investment

Mihir A. Desai, C. Fritz Foley and James Hines

9223: Borders and Growth

Enrico Spolaore and Romain Wacziarg

9222: A Survey of Behavioral Finance

Nicholas Barberis and Richard Thaler

9221: A Fiscal Theory of Sovereign Risk

Martín Uribe

9220: Optimal Fiscal and Monetary Policy Under Sticky Prices

Stephanie Schmitt-Grohe and Martín Uribe

9219: Boom-Bust Cycles in Middle Income Countries: Facts and Explanation

Aaron Tornell and Frank Westermann

9218: Consistent Expectations, Rational Expectations, Multiple-Solution Indeterminacies, and Least-Squares Learnability

Bennett McCallum

9217: The Time Series of the Cross Section of Asset Prices

Lior Menzly, Tano Santos and Pietro Veronesi

9216: Get High and Get Stupid: The Effect of Alcohol and Marijuana Use on Teen Sexual Behavior

Michael Grossman, Robert Kaestner and Sara Markowitz

9215: Insurance, Self-Protection, and the Economics of Terrorism

Darius Lakdawalla and George Zanjani

9214: Valuing and Pricing Retail Leases with Renewal and Overage Options

Patric Hendershott and Charles Ward

9213: Orphans in Africa

Anne Case, Christina Paxson and Joseph Ableidinger

9212: University Research, Industrial R&D, and the Anchor Tenant Hypothesis

Ajay Agrawal and Iain Cockburn

9211: A Brazilian Debt-Crisis Model

Assaf Razin and Efraim Sadka

9210: The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security

Andrew Abel

9209: Networks or Neighborhoods? Correlations in the Use of Publicly-Funded Maternity Care in California

Anna Aizer and Janet Currie

9208: Can Free Entry be Inefficient? Fixed Commissions and Social Waste in the Real Estate Industry

Chang-Tai Hsieh and Enrico Moretti

9207: Household Leverage and the Deductibility of Home Mortgage Interest: Evidence from UK House Purchasers

Patric Hendershott, Gwilym Pryce and Michael White

9206: Competition, Payer, and Hospital Quality

Gautam Gowrisankaran and Robert Town

9205: What is the Tradeoff Between Smaller Classes and Teacher Quality?

Christopher Jepsen and Steven Rivkin

9204: FDI Contribution to Capital Flows and Investment in Capacity

Assaf Razin

9203: The Role for Discretionary Fiscal Policy in a Low Interest Rate Environment

Martin Feldstein

9202: Does Income Inequality Lead to Consumption Inequality? Evidence and Theory

Dirk Krueger and Fabrizio Perri

9201: Is Trade Good or Bad for the Environment? Sorting Out the Causality

Jeffrey Frankel and Andrew Rose

9200: Do Trust and Trustworthiness Pay Off?

Joel Slemrod and Peter Katuscak

9199: Integration of Unemployment Insurance with Retirement Insurance

Joseph Stiglitz and Jungyoll Yun

9198: The Social and Economic Impact of Native American Casinos

William Evans and Julie H. Topoleski

9197: The Impact of Income on Mortality: Evidence from the Social Security Notch

Stephen E. Snyder and William Evans

9196: Precautionary Saving and Consumption Fluctuations

Jonathan Parker and Bruce Preston

9195: Understanding Individual Account Guarantees

Marie-Eve Lachance and Olivia Mitchell

9194: Flexibility and Job Creation: Lessons for Germany

James Heckman

9193: Abortion Legalization and Adolescent Substance Use

Kerwin Kofi Charles and Melvin Stephens

9192: Modest Policy Interventions

Eric Leeper and Tao Zha

9191: Vertical Integration and Distance to Frontier

Daron Acemoglu, Philippe Aghion and Fabrizio Zilibotti

9190: Sargent-Wallace Meets Krugman-Flood-Garber, or: Why Sovereign Debt Swaps Don't Avert Macroeconomic Crises

Joshua Aizenman, Kenneth Kletzer and Brian Pinto

9189: Storable Votes

Alessandra Casella

9188: The Trick is to Live: Is the Estate Tax Social Security for the Rich?

Wojciech Kopczuk

9187: Trust in Public Finance

Joel Slemrod

9186: Why World Redistribution Fails

Wojciech Kopczuk, Joel Slemrod and Shlomo Yitzhaki

9185: The Effect of Education on Medical Technology Adoption: Are the More Educated More Likely to Use New Drugs

Adriana Lleras-Muney and Frank Lichtenberg

9184: Decomposing Wage Inequality Change Using General Equilibrium Models

Lisandro Abrego and John Whalley

9183: The Social Security Early Entitlement Age in a Structural Model of Retirement and Wealth

Alan Gustman and Thomas L. Steinmeier

9182: Path Dependence and the Origins of Cotton Textile Manufacturing in New England

Joshua Rosenbloom

9181: Why Did the Tariff-Growth Correlation Reverse After 1950?

Michael Clemens and Jeffrey Williamson