NBER Working Papers

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8309: Labor Income and Predictable Stock Returns

Tano Santos and Pietro Veronesi

8308: Earnings Quality and Stock Returns

Konan Chan, Louis K. C. Chan, Narasimhan Jegadeesh and Josef Lakonishok

8307: The Sources and Uses of Annual Giving at Private Research Universities

Ronald Ehrenberg and Christopher L. Smith

8306: Opportunity Counts: Teams and the Effectiveness of Production Incentives

Brent Boning, Casey Ichniowski and Kathryn Shaw

8305: A Cure Worse Than the Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs

Michael M. Hutchison

8304: How Often Are Propositions on the Effects of Customs Unions Theoretical Curiosa and When Should They Guide Policy?

Lisandro Abrego, Raymond Riezman and John Whalley

8303: The Role of Large Players in Currency Crises

Giancarlo Corsetti, Paolo Pesenti and Nouriel Roubini

8302: Can the Market Add and Subtract? Mispricing in Tech Stock Carve-Outs

Owen Lamont and Richard Thaler

8301: A Century of Missing Trade?

Antoni Estevadeordal and Alan Taylor

8300: Affiliation, Integration, and Information: Ownership Incentives and Industry Structure

Thomas N. Hubbard

8299: Foreign Direct Investment and Wages in Indonesian Manufacturing

Robert Lipsey and Fredrik Sjöholm

8298: The Effects of Welfare and Tax Reform: The Material Well-Being of Single Mothers in the 1980s and 1990s

Bruce Meyer and James X. Sullivan

8297: The Impact of Technological Change on Older Workers: Evidence from Data on Computer Use

Leora Friedberg

8296: Lumpy Consumer Durables, Market Power, and Endogenous Business Cycles

Kala Krishna and Cemile Yavas

8295: Understanding the Decline in Social Capital, 1952-1998

Dora Costa and Matthew Kahn

8294: Empirical Implications of Equilibrium Bidding in First-Price, Symmetric, Common Value Auctions

Kenneth Hendricks, Joris Pinkse and Robert Porter

8293: The Long and Short of the Canada-U.S. Free Trade Agreement

Daniel Trefler

8292: Comparative Localization of Academic and Industrial Spillovers

James Adams

8291: Can Consumers Detect Lemons? Information Asymmetry in the Market for Child Care

Naci Mocan

8290: Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve

N. Gregory Mankiw and Ricardo Reis

8289: Is Disinflation Good for the Stock Market?

Peter Blair Henry

8288: Who Owns the Media?

Simeon Djankov, Caralee McLiesh, Tatiana Nenova and Andrei Shleifer

8287: Directed Technical Change

Daron Acemoglu

8286: Norms and the Theory of the Firm

Oliver Hart

8285: Financial Contracting

Oliver Hart

8284: Induced Innovation and Energy Prices

David Popp

8283: Do Federal Programs Affect Internal Migration? The Impact of New Deal Expenditures on Mobility During the Great Depression

Price Fishback, William C. Horrace and Shawn Kantor

8282: The Level and Persistence of Growth Rates

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

8281: Employment, Dynamic Deterrence and Crime

Susumu Imai and Kala Krishna

8280: Who Bears the Burden of the Corporate Tax in The Open Economy?

Jane Gravelle and Kent Smetters

8279: Keiretsu and Relationship-Specific Investment: Implications for Market-Opening Trade Policy

Larry Qiu and Barbara J. Spencer

8278: Ownership and Use Taxes as Congestion Correcting Instruments

Ngee Choon Chia, Albert Tsui and John Whalley

8277: On the Fiscal Implications of Twin Crises

Craig Burnside, Martin Eichenbaum and Sergio Rebelo

8276: A New Approach to Valuing Secured Claims in Bankruptcy

Lucian Bebchuk and Jesse M. Fried

8275: Does the Current Account Matter?

Sebastian Edwards

8274: Dollarization and Economic Performance: An Empirical Investigation

Sebastian Edwards

8273: Two-Sided Learning, Labor Turnover and Displacement

Gerard Pfann and Daniel S. Hamermesh

8272: Legal Origins

Edward Glaeser and Andrei Shleifer

8271: Prices and Price Dispersion on the Web: Evidence from the Online Book Industry

Karen Clay, Ramayya Krishnan and Eric Wolff

8270: Intergenerational Risk Sharing in the Spirit of Arrow, Debreu, and Rawls, with Applications to Social Security Design

Laurence Ball and N. Gregory Mankiw

8269: Does Money Matter? Regression-Discontinuity Estimates from Education Finance Reform in Massachusetts

Jonathan Guryan

8268: Some Economic Aspects of Antitrust Analysis in Dynamically Competitive Industries

David Evans and Richard Schmalensee

8267: Preferences for Redistribution in the Land of Opportunities

Alberto Alesina and Eliana La Ferrara

8266: Measuring Masters and Masterpieces: French Rankings of French Painters and Paintings from Realism to Surrealism

Martin Bruegel and David Galenson

8265: Stock Market Liberalizations and the Repricing of Systematic Risk

Anusha Chari and Peter Blair Henry

8264: Economic Problems of Ireland in Europe

Martin Feldstein

8263: The Declining Quality of Teachers

Darius Lakdawalla

8262: The Exchange Theory of Teenage Smoking and the Counterproductiveness of Moderate Regulation

Kent Smetters and Jennifer Gravelle

8261: Distortion Costs of Taxing Wealth Accumulation: Income Versus Estate Taxes

Douglas Holtz-Eakin and Donald Marples

8260: Worker Displacement and the Added Worker Effect

Melvin Stephens

8259: The Equivalence of the Social Security's Trust Fund Portfolio Allocation and Capital Income Tax Policy

Kent Smetters

8258: Finding a Way Out of America's Demographic Dilemma

Laurence Kotlikoff, Kent Smetters and Jan Walliser

8257: A Biological Model of Unions

Michael Kremer and Benjamin Olken

8256: Payment Systems and Interchange Fees

Richard Schmalensee

8255: Indicator Variables for Optimal Policy under Asymmetric Information

Lars E.O. Svensson and Michael Woodford

8254: Global Corporations and Local Politics: A Theory of Voter Backlash

Eckhard Janeba

8253: Whither Poverty in Great Britain and the United States? The Determinants of Changing Poverty and Whether Work Will Work

Richard Dickens and David T. Ellwood

8252: Electoral Acceleration: The Effect of Minority Population on Minority Voter Turnout

Felix Oberholzer-Gee and Joel Waldfogel

8251: Links and Hyperlinks: An Empirical Analysis of Internet Portal Alliances, 1995-1999

Dan Elfenbein and Josh Lerner

8250: Searching for Prosperity

Michael Kremer, Alexei Onatski and James Stock

8249: Lending Booms: Latin America and the World

Pierre-Olivier Gourinchas, Rodrigo Valdés and Oscar Landerretche

8248: The Impact of Market Rules and Market Structure on the Price Determination Process in the England and Wales Electricity Market

Frank A. Wolak and Robert Patrick

8247: Are the Young Becoming More Disabled?

Darius Lakdawalla, Dana Goldman and Jay Bhattacharya

8246: An Econometric Model of the Yield Curve with Macroeconomic Jump Effects

Monika Piazzesi

8245: Does Financial Liberalization Spur Growth?

Geert Bekaert, Campbell R. Harvey and Christian Lundblad

8244: One Size Fits All? Heckscher-Ohlin Specialization in Global Production

Peter K. Schott

8243: Do We Have A New E-Conomy?

Martin N. Baily and Robert Lawrence

8242: The Value Spread

Randolph B. Cohen, Christopher Polk and Tuomo Vuolteenaho

8241: Differential Mortality in the UK

Orazio Attanasio and Carl Emmerson

8240: What Drives Firm-Level Stock Returns?

Tuomo Vuolteenaho

8239: The Human Capital Century and American Leadership: Virtues of the Past

Claudia Goldin

8238: Union Effects on Health Insurance Provision and Coverage in the United States

Thomas Buchmueller and John DiNardo

8237: Saving Puzzles and Saving Policies in the United States

Annamaria Lusardi, Jonathan Skinner and Steven Venti

8236: The Financial Problems of the Elderly: A Holistic Approach

Victor Fuchs

8235: Pre-Contractual Reliance

Lucian Bebchuk and Omri Ben-Shahar

8234: Individual Learning About Consumption

Todd W. Allen and Christopher Carroll

8233: Precautionary Saving and the Marginal Propensity to Consume out of Permanent Income

Christopher Carroll

8232: Markets and Multiunit Firms from an American Historical Perspective

Sukkoo Kim

8231: Why is Health Related to Socioeconomic Status?

Ellen Meara

8230: International Dimensions of Optimal Monetary Policy

Giancarlo Corsetti and Paolo Pesenti

8229: Retirement and Wealth

Alan Gustman and Thomas L. Steinmeier

8228: Does Globalization Make the World More Unequal?

Peter Lindert and Jeffrey Williamson

8227: Quantifying the Benefits of New Products: The Case of the Minivan

Amil Petrin

8226: Should Monetary Policy Respond Strongly to Output Gaps?

Bennett McCallum

8225: Inflation Targeting and the Liquidity Trap

Bennett McCallum

8224: Financial Safety Nets: Reconstructing and Modeling a Policymaking Metaphor

Edward Kane

8223: Taxation and Portfolio Structure: Issues and Implications

James Poterba

8222: Culture, Openness, and Finance

Rene M. Stulz and Rohan Williamson

8221: Valuation Ratios and the Long-Run Stock Market Outlook: An Update

John Campbell and Robert J. Shiller

8220: Corporate Governance and Merger Activity in the U.S.: Making Sense of the 1980s and 1990s

Bengt Holmstrom and Steven Kaplan

8219: The Perverse Effects of Partial Labor Market Reform: Fixed Duration Contracts in France

Olivier Blanchard and Augustin Landier

8218: European Inflation Dynamics

Jordi Galí, Mark Gertler and David Lopez-Salido

8217: The International Macroeconomics of Taxation and the Case Against European Tax Harmonization

Enrique Mendoza

8216: The Silent Majority Fallacy of the Elzinga-Hogarty Criteria: A Critique and New Approach to Analyzing Hospital Mergers

Cory S. Capps, David Dranove, Shane Greenstein and Mark Satterthwaite

8215: The Effects of Race and Sex Discrimination Laws

David Neumark and Wendy A. Stock

8214: Do Political Institutions Shape Economic Policy?

Torsten Persson

8213: Estimating the Customer-Level Demand for Electricity Under Real-Time Market Prices

Robert Patrick and Frank A. Wolak

8212: An Empirical Analysis of the Impact of Hedge Contracts on Bidding Behavior

Frank A. Wolak

8211: Does Entry Regulation Hinder Job Creation? Evidence from the French Retail Industry

Marianne Bertrand and Francis Kramarz

8210: Do Cognitive Test Scores Explain Higher US Wage Inequality?

Francine Blau and Lawrence Kahn