NBER Working Papers

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9078: The Case Against Board Veto in Corporate Takeovers

Lucian Bebchuk

9077: Competitive Equilibria With Limited Enforcement

Patrick Kehoe and Fabrizio Perri

9076: The Home Market Effect and Bilateral Trade Patterns

Gordon Hanson and Chong Xiang

9075: Foreign Currency for Long-Term Investors

John Campbell, Luis Viceira and Joshua S. White

9074: Education, Poverty, Political Violence and Terrorism: Is There a Causal Connection?

Alan Krueger and Jitka Maleckova

9073: Price Uncertainty, Tax Policy, and Addiction: Evidence and Implications

Mark Coppejans and Holger Sieg

9072: Optimal Currency Areas

Alberto Alesina, Robert Barro and Silvana Tenreyro

9071: The Long Run Importance of School Quality

Eric Hanushek

9070: Institutional Allocation In Initial Public Offerings: Empirical Evidence

Reena Aggarwal, Nagpurnanand R. Prabhala and Manju Puri

9069: Some Evidence on the Importance of Sticky Prices

Mark Bils and Pete Klenow

9068: Managerial Power and Rent Extraction in the Design of Executive Compensation

Lucian Bebchuk, Jesse M. Fried and David I. Walker

9067: Intertemporal State Budgeting

Bruce Baker, Daniel Besendorfer and Laurence Kotlikoff

9066: Distance to Frontier, Selection, and Economic Growth

Daron Acemoglu, Philippe Aghion and Fabrizio Zilibotti

9065: How's Life? Combining Individual and National Variables to Explain Subjective Well-Being

John Helliwell

9064: Academic Earmarks and the Returns to Lobbying

John M. de Figueiredo and Brian Silverman

9063: Empirical Analysis of Policy Interventions

Eric Leeper and Tao Zha

9062: Identifying the Efficacy of Central Bank Interventions: The Australian Case

Jonathan Kearns and Roberto Rigobon

9061: Carrots, Sticks and Broken Windows

Hope Corman and Naci Mocan

9060: Does Sales-only Apportionment of Corporate Income Violate the GATT?

Charles E. McLure, Jr. and Walter Hellerstein

9059: Managing Option Fragility

Brian J. Hall and Thomas A. Knox

9058: Using Discontinuous Eligibility Rules to Identify the Effects of the Federal Medicaid Expansions on Low Income Children

David Card and Lara Shore-Sheppard

9057: Expectations and Expatriations: Tracing the Causes and Consequences of Corporate Inversions

Mihir A. Desai and James Hines

9056: On the Relationship Between the Conditional Mean and Volatility of Stock Returns: A Latent VAR Approach

Michael W. Brandt and Qiang Kang

9055: The Evidence on Credit Constraints in Post-Secondary Schooling

Pedro Carneiro and James Heckman

9054: Using Market Valuation to Assess Public School Spending

Lisa Barrow and Cecilia Elena Rouse

9053: Cheap Labor Meets Costly Capital: The Impact of Devaluations on Commodity Firms

Kristin Forbes

9052: Factor Price Equalization in the UK?

Andrew Bernard, Stephen Redding, Peter Schott and Helen Simpson

9051: The Role of the Family in Immigrants' Labor-Market Activity: Evidence from the United States

Francine Blau, Lawrence Kahn, Joan Y. Moriarty and André Souza

9050: Moral Hazard in Reinsurance Markets

Neil Doherty and Kent Smetters

9049: Evaluating Value Weighting: Corporate Events and Market Timing

Owen Lamont

9048: Sales and Consumer Inventory

Igal Hendel and Aviv Nevo

9047: Pricing Currency Risk: Facts and Puzzles from Currency Boards

Sergio Schmukler and Luis Servén

9046: Optimal Progressive Capital Income Taxes in the Infinite Horizon Model

Emmanuel Saez

9045: The New Social Security Commission Personal Accounts: Where Is the Investment Principal?

Alan Gustman and Thomas L. Steinmeier

9044: Closing the Gap or Widening the Divide: The Effects of the G.I. Bill and World War II on the Educational Outcomes of Black Americans

Sarah Turner and John Bound

9043: Labor Market Institutions and Demographic Employment Patterns

Giuseppe Bertola, Francine Blau and Lawrence Kahn

9042: Ethnic Differences in Demographic Behavior in the United States: Has There Been Convergence?

Michael Haines

9041: Relational Costs and the Production of Social Capital: Evidence from Carpooling

Kerwin Charles and Patrick Kline

9040: The Failure of Input-based Schooling Policies

Eric Hanushek

9039: A Theory of the Currency Denomination of International Trade

Philippe Bacchetta and Eric van Wincoop

9038: Drug Treatment as a Crime Fighting Tool

Mireia Jofre-Bonet and Jody L. Sindelar

9037: Ethnicity, Language, and Workplace Segregation: Evidence from a New Matched Employer-Employee Data Set

Judith Hellerstein and David Neumark

9036: Employee Costs and the Decline in Health Insurance Coverage

David Cutler

9035: When Can Partial Public Insurance Produce Pareto Improvements?

Amy Finkelstein

9034: Stock Market Boom and the Productivity Gains of the 1990s

Urban Jermann and Vincenzo Quadrini

9033: Is Retirement Depressing?: Labor Force Inactivity and Psychological Well-Being in Later Life

Kerwin Kofi Charles

9032: Is There an Optimal Industry Financial Structure?

Peter MacKay and Gordon Phillips

9031: The Interaction of Partial Public Insurance Programs and Residual Private Insurance Markets: Evidence from the U.S. Medicare Program

Amy Finkelstein

9030: Current Accounts in the Long and Short Run

Aart Kraay and Jaume Ventura

9029: Beyond Markets and Hierarchies: Toward a New Synthesis of American Business History

Naomi R. Lamoreaux, Daniel M.G. Raff and Peter Temin

9028: Gender Differences in Completed Schooling

Kerwin Kofi Charles and Ming-Ching Luoh

9027: Tariff-jumping FDI and Domestic Firms' Profits

Bruce Blonigen, KaSaundra Tomlin and Wesley Wilson

9026: The Deaths of Manufacturing Plants

Andrew Bernard and J. Jensen

9025: Peer Effects in Medical School

Peter Arcidiacono and Sean Nicholson

9024: It's Fourth Down and What Does the Bellman Equation Say? A Dynamic Programming Analysis of Football Strategy

David Romer

9023: Shipping the Good Apples Out? An Empirical Confirmation of the Alchian-Allen Conjecture

David Hummels and Alexandre Skiba

9022: Intra-national Home Bias: Some Explanations

Russell Hillberry and David Hummels

9021: The Impact of Social Policy and Economic Activity Throughout the Fertility Decision Tree

Phillip Levine

9020: Explaining Home Bias in Consumption: The Role of Intermediate Input Trade

Russell Hillberry and David Hummels

9019: Globalization and Changing Patterns in the International Transmission of Shocks in Financial Markets

Michael Bordo and Antu Murshid

9018: Child Labor: The Role of Income Variability and Access to Credit Across Countries

Rajeev Dehejia and Roberta Gatti

9017: Intermediaries in the U.S. Market for Technology, 1870-1920

Naomi R. Lamoreaux and Kenneth Sokoloff

9016: Expenditure Switching and Exchange Rate Policy

Charles Engel

9015: Taxes and Entrepreneurial Activity: Theory and Evidence for the U.S

Roger Gordon and Julie Cullen

9014: Labor Supply Effects of Social Insurance

Alan Krueger and Bruce Meyer

9013: Women, War and Wages: The Effect of Female Labor Supply on the Wage Structure at Mid-Century

Daron Acemoglu, David Autor and David Lyle

9012: The Bush Tax Cut and National Saving

Alan Auerbach

9011: How Could Everyone Have Been So Wrong? Forecasting the Great Depression with the Railroads

John Landon-Lane, Eugene White and Adam Klug

9010: Bankruptcy and Small Firms' Access to Credit

Jeremy Berkowitz and Michelle White

9009: Bidder Discounts and Target Premia in Takeovers

Boyan Jovanovic and Serguey Braguinsky

9008: Gains from FDI Inflows with Incomplete Information

Assaf Razin and Efraim Sadka

9007: Biotech-Pharmaceutical Alliances as a Signal of Asset and Firm Quality

Sean Nicholson, Patricia Danzon and Jeffrey S. McCullough

9006: Endogenous Political Institutions

Philippe Aghion, Alberto Alesina and Francesco Trebbi

9005: Monetary Policy in a Financial Crisis

Lawrence Christiano, Christopher Gust and Jorge Roldos

9004: Heat or Eat? Cold Weather Shocks and Nutrition in Poor American Families

Jayanta Bhattacharya, Thomas DeLeire, Steven Haider and Janet Currie

9003: Food Insecurity or Poverty? Measuring Need-Related Dietary Adequacy

Jayanta Bhattacharya, Steven Haider and Janet Currie

9002: The Performance of Performance Standards

James Heckman, Carolyn Heinrich and Jeffrey Smith

9001: Entrepreneurship in Equilibrium

Denis Gromb and David Scharfstein

9000: Daily Cross-Border Equity Flows: Pushed or Pulled?

John M. Griffin, Federico Nardari and René Stulz

8999: The Roots of Latin American Protectionism: Looking Before the Great Depression

John H. Coatsworth and Jeffrey Williamson

8998: Where Do U.S. Immigrants Come From, and Why?

Ximena Clark, Timothy Hatton and Jeffrey Williamson

8997: Art Auctions: A Survey of Empirical Studies

Orley Ashenfelter and Kathryn Graddy

8996: Benefits and Costs of Newer Drugs: An Update

Frank Lichtenberg

8995: When Does Trade Hurt? Market, Transition and Developing Economies

Kala Krishna and Cemile Yavas

8994: Are Financial Assets Priced Locally or Globally?

G. Karolyi and René Stulz

8993: The Impact of Unionization on Establishment Closure: A Regression Discontinuity Analysis of Representation Elections

John DiNardo and David S. Lee

8992: U.S. Stock Market Crashes and Their Aftermath: Implications for Monetary Policy

Frederic Mishkin and Eugene White

8991: Stock Valuation and Learning about Profitability

Lubos Pastor and Pietro Veronesi

8990: The Market Price of Credit Risk: An Empirical Analysis of Interest Rate Swap Spreads

Jun Liu, Francis Longstaff and Ravit E. Mandell

8989: Ownership Form and Trapped Capital in the Hospital Industry

Henry Hansmann, Daniel Kessler and Mark McClellan

8988: Risk Sharing and Asset Prices: Evidence From a Natural Experiment

Anusha Chari and Peter Henry

8987: Stocks as Money: Convenience Yield and the Tech-Stock Bubble

John Cochrane

8986: The Relationship Between Education and Adult Mortality in the United States

Adriana Lleras-Muney

8985: A Pollution Theory of Discrimination: Male and Female Differences in Occupations and Earnings

Claudia Goldin

8984: Private and Social Incentives for Fertility: Israeli Puzzles

Charles Manski and Joram Mayshar

8983: Evaluating Welfare Reform in the United States

Rebecca Blank

8982: Industry Growth and Capital Allocation: Does Having a Market- or Bank-Based System Matter?

Thorsten Beck and Ross Levine

8981: The Allocation of Resources by Interest Groups: Lobbying, Litigation and Administrative Regulation

John M. de Figueiredo and Rui J.P. de Figueiredo

8980: Are All Patent Examiners Equal? The Impact of Examiner Characteristics

Iain Cockburn, Samuel Kortum and Scott Stern

8979: Social Networks and the Aggregation on Individual Decisions

D. Lee Heavner and Lance Lochner