NBER Working Papers

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9644: Bank Ties and Bond Market Access: Evidence on Investment-Cash Flow Sensitivity in Japan

Patrick McGuire

9643: Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan

Joe Peek and Eric Rosengren

9642: Idiosyncratic Risk and the Creative Destruction in Japan

Yasushi Hamao, Jianping Mei and Yexiao Xu

9641: Human Capital Externalities in Cities

Enrico Moretti

9640: Spillovers Across U.S. Financial Markets

Roberto Rigobon and Brian Sack

9639: Falling Trade Costs, Heterogeneous Firms, and Industry Dynamics

Andrew Bernard, J. Jensen and Peter Schott

9638: Alcohol Abuse and Suicide Attempts Among Youth - Correlation or Causation?

Pinka Chatterji, Dhaval Dave, Robert Kaestner and Sara Markowitz

9637: Geography and Export Performance: External Market Access and Internal Supply Capacity

Stephen Redding and Anthony Venables

9636: Do Airline Bankruptcies Reduce Air Service?

Severin Borenstein and Nancy Rose

9635: Fifty-four Forty or Fight!

Herschel Grossman

9634: Continuing Dangers of Disinformation in Corporate Accounting Reports

Edward Kane

9633: The Flattening Firm: Evidence from Panel Data on the Changing Nature of Corporate Hierarchies

Raghuram Rajan and Julie Wulf

9632: Teen Births Keep American Crime High

Jennifer Hunt

9631: Reciprocated Unilateralism in Trade Policy: An Interest-Group Approach

Pravin Krishna and Devashish Mitra

9630: Does Returning to Work After Childbirth Affect Breastfeeding Practices?

Pinka Chatterji and Kevin Frick

9629: Collective Investment Decision Making with Heterogeneous Time Preferences

Christian Gollier and Richard Zeckhauser

9628: Does Family Structure Affect Children's Educational Outcomes?

Donna Ginther and Robert Pollak

9627: Who Bears the Growing Cost of Science at Universities?

Ronald Ehrenberg, Michael J. Rizzo and George H. Jakubson

9626: Does Medicaid Pay Too Much for Prescription Drugs? A Case Study of Atypical Anti-Psychotics

Mark Duggan

9625: Evolving Discretionary Practices of U.S Antidumping Activity

Bruce Blonigen

9624: How to Restructure Failed Banking Systems: Lessons from the U.S. in the 1930's and Japan in the 1990's

Charles Calomiris and Joseph R. Mason

9623: Deflation: Prevention and Cure

Willem Buiter

9622: Fairness Versus Welfare: Notes on the Pareto Principle, Preferences, and Distributive Justice

Louis Kaplow and Steven Shavell

9621: Productivity Effects of TVE Privatization: The Case Study of Garment and Metal Casting Enterprises in the Greater Yangtze River Region

Tetsushi Sonobe and Keijiro Otsuka

9620: Bank Supervision and Corporate Finance

Thorsten Beck, Asli Demirguc-Kunt and Ross Levine

9619: Is Business Cycle Volatility Costly? Evidence from Surveys of Subjective Wellbeing

Justin Wolfers

9618: Military Expenditure, Threats, and Growth

Joshua Aizenman and Reuven Glick

9617: Why Plant-Level Productivity Studies are Often Misleading, and an Alternative Approach to Interference

Hajime Katayama, Shihua Lu and James Tybout

9616: New Estimates of the Average Tariff of the United States, 1790-1820

Douglas Irwin

9615: Productivity in Pharmaceutical Biotechnology R&D: The Role of Experience and Alliances

Patricia Danzon, Sean Nicholson and Nuno Sousa Pereira

9614: Migration, Spillovers,and Trade Diversion: The Impact of Internationalization on Stock Market Liquidity

Ross Levine and Sergio Schmukler

9613: The State of U.S. Corporate Governance: What's Right and What's Wrong?

Bengt Holmstrom and Steven Kaplan

9612: Hog Round Marketing, Seed Quality, and Government Policy: Institutional Change in U.S. Cotton Production, 1920-1960

Alan Olmstead and Paul Rhode

9611: How Often to Sample a Continuous-Time Process in the Presence of Market Microstructure Noise

Yacine Ait-Sahalia and Per A. Mykland

9610: Effects of Child Health on Parents' Relationship Status

Nancy E. Reichman, Hope Corman and Kelly Noonan

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