NBER Working Papers

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7860: Schooling and Labor Market Consequences of School Construction in Indonesia: Evidence from an Unusual Policy Experiment

Esther Duflo

7859: Political Jurisdictions in Heterogeneous Communities

Alberto Alesina, Reza Baqir and Caroline Hoxby

7858: Globalization of the Economy

Jeffrey Frankel

7857: Estimating the Effect of Currency Unions on Trade and Output

Jeffrey Frankel and Andrew Rose

7856: Gold into Base Metals: Productivity Growth in the People's Republic of China during the Reform Period

Alwyn Young

7855: Managers, Investors, and Crises: Mutual Fund Strategies in Emerging Markets

Graciela Kaminsky, Richard Lyons and Sergio Schmukler

7854: Ability Tracking, School Competition, and the Distribution of Educational Benefits

Dennis Epple, Elizabeth Newlon and Richard Romano

7853: Monetary Policy in a World Without Money

Michael Woodford

7852: Trade Liberalization, Exit, and Productivity Improvements: Evidence from Chilean Plants

Nina Pavcnik

7851: When Does Start-Up Innovation Spur the Gale of Creative Destruction?

Joshua Gans, David H. Hsu and Scott Stern

7850: Neighborhood Schools, Choice, and the Distribution of Educational Benefits

Dennis Epple and Richard Romano

7849: Creative Destruction and Development: Institutions, Crises, and Restructuring

Ricardo Caballero and Mohamad L. Hammour

7848: Factor Supplies and Specialization in the World Economy

James Harrigan and Egon Zakrajšek

7847: A Model for the Federal Funds Rate Target

James Hamilton and Oscar Jorda

7846: What Explains Skill Upgrading in Less Developed Countries?

Nina Pavcnik

7845: Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit

Michael Klein, Joe Peek and Eric Rosengren

7844: Was There a Riverside Miracle? A Framework for Evaluating Multi-Site Programs

Rajeev Dehejia

7843: Industry-University Cooperative Research Centers

James Adams, Eric Chiang and Katara Starkey

7842: Regulating Executive Pay: Using the Tax Code to Influence CEO Compensation

Nancy Rose and Catherine Wolfram

7841: Body Weight and Women's Labor Market Outcomes

John Cawley

7840: Balance Sheets and Exchange Rate Policy

Luis Cespedes, Roberto Chang and Andres Velasco

7839: 'Risky Habits' and the Marginal Propensity to Consume Out of Permanent Income, or, How Much Would a Permanent Tax Cut Boost Japanese Consumption?

Christopher Carroll

7838: The Behavioral Dynamics of Youth Smoking

Donna Gilleskie and Koleman S. Strumpf

7837: Perspectives on the Budget Surplus

Alan Auerbach and William Gale

7836: Explaining the Border Effect: The Role of Exchange Rate Variability, Shipping Costs, and Geography

David Parsley and Shang-Jin Wei

7835: Rebels, Conformists, Contrarians and Momentum Traders

Evan Gatev and Stephen Ross

7834: Is Mobility of Technical Personnel a Source of R&D Spillovers?

Jarle Møen

7833: Does the "New Economy" Measure up to the Great Inventions of the Past?

Robert Gordon

7832: Enrollee Mix, Treatment Intensity, and Cost in Competing Indemnity and HMO Plans

Daniel Altman, David Cutler and Richard Zeckhauser

7831: Selection on Observed and Unobserved Variables: Assessing the Effectiveness of Catholic Schools

Joseph Altonji, Todd Elder and Christopher R. Taber

7830: Social Security and Retirement

Courtney Coile and Jonathan Gruber

7829: Medicaid

Jonathan Gruber

7828: The Razor's Edge: Distortions and Incremental Reform in the People's Republic of China

Alwyn Young

7827: Capital Gains Holding Periods and Equity Trading: Evidence from the 1998 Tax Act

Jennifer L. Blouin, Jana Smith Raedy and Douglas Shackelford

7826: Portfolios of the Rich

Christopher Carroll

7825: The Antebellum Tariff on Cotton Textiles Revisited

Douglas Irwin and Peter Temin

7824: On the Benefits of Dollarization when Stabilization Policy is not Credible and Financial Markets are Imperfect

Enrique Mendoza

7823: Fiscal Policies in Open Cities with Firms and Households

Andrew Haughwout and Robert P. Inman

7822: Strategic Trade, Competitive Industries and Agricultural Trade Disputes

Kyle Bagwell and Robert Staiger

7821: On the Marginal Source of Investment Funds

Alan Auerbach and Kevin Hassett

7820: Identifying the Role of Cognitive Ability in Explaining the Level of and Change in the Return to Schooling

James Heckman and Edward Vytlacil

7819: Estimating Production Functions Using Inputs to Control for Unobservables

James Levinsohn and Amil Petrin

7818: Comments on Obstfeld and Rogoff's "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?"

Charles Engel

7817: Technology, Unemployment, and Inflation

Jacob Mincer and Stephan Danninger

7816: The Medical Treatment of Depression, 1991-1996: Productive Inefficiency, Expected Outcome Variations, and Price Indexes

Ernst R. Berndt, Anupa Bir, Susan H. Busch, Richard G. Frank and Sharon-Lise T. Normand

7815: The Tenuous Tradeoff Between Risk and Incentives

Canice Prendergast

7814: Elderly Asset Management and Health: An Empirical Analysis

Jonathan Feinstein and Chih-Chin Ho

7813: Interest Rate Volatility and Contagion in Emerging Markets: Evidence from the 1990s

Sebastian Edwards and Raul Susmel

7812: Mortality Risk, Inflation Risk, and Annuity Products

Jeffrey Brown, Olivia Mitchell and James Poterba

7811: The Distributional Burden of Taxing Estates and Unrealized Capital Gains at the Time of Death

James Poterba and Scott Weisbenner

7810: Interpreting Developed Countries' Foreign Direct Investment

Robert Lipsey

7809: The Expectations Trap Hypothesis

Lawrence Christiano and Christopher Gust

7808: Firm Value, Risk, and Growth Opportunities

Hyun-Han Shin and René Stulz

7807: The Asian Flu and Russian Virus: Firm-level Evidence on How Crises are Transmitted Internationally

Kristin Forbes

7806: Child Care Subsidy Programs

David Blau

7805: Evolving Standards for Academic Publishing: A q-r Theory

Glenn Ellison

7804: The Slowdown of the Economics Publishing Process

Glenn Ellison

7803: Does Diversification Destroy Value? Evidence From Industry Shocks

Owen Lamont and Christopher Polk

7802: Collective Choice and Voluntary Provision of Public Goods

Dennis Epple and Richard Romano

7801: Interest Rates, Contagion and Capital Controls

Sebastian Edwards

7800: Technical Change, Inequality, and the Labor Market

Daron Acemoglu

7799: Market Responses to Interindustry Wage Differentials

George Borjas and Valerie Ramey

7798: Winning Isn't Everything: Corruption in Sumo Wrestling

Mark Duggan and Steven Levitt

7797: Looking for Contagion: Evidence from the ERM

Carlo Favero and Francesco Giavazzi

7796: On the Gains to International Trade in Risky Financial Assets

Steven Davis, Jeremy Nalewaik and Paul Willen

7795: Country Portfolios

Aart Kraay, Norman Loayza, Luis Servén and Jaume Ventura

7794: When Unions "Mattered": Assessing the Impact of Strikes on Financial Markets: 1925-1937

John DiNardo and Kevin Hallock

7793: Inequality and Growth: What Can the Data Say?

Abhijit Banerjee and Esther Duflo

7792: Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment

Ricardo Caballero and Arvind Krishnamurthy

7791: Bequests as Signals: An Explanation for the Equal Division Puzzle

B. Douglas Bernheim and Sergei Severinov

7790: Consumer City

Edward Glaeser, Jed Kolko and Albert Saiz

7789: Hospital Ownership and Public Medical Spending

Mark Duggan

7788: Product Prices and the OECD Cycle

Aart Kraay and Jaume Ventura

7787: Simon S. Kuznets: April 30, 1901-July 9, 1985

Robert Fogel

7786: Building the IPO Order Book: Underpricing and Participation Limits With Costly Information

Ann Sherman and Sheridan Titman

7785: The Dynamics of Car Sales: A Discrete Choice Approach

Jerome Adda and Russell Cooper

7784: Land, Labor and Globalization in the Pre-Industrial Third World

Jeffrey Williamson

7783: Why Stocks May Disappoint

Andrew Ang, Geert Bekaert and Jun Liu

7782: Macroeconomic Volatility in Latin America: A View and Three Case Studies

Ricardo Caballero

7781: Risky Behavior Among Youths: An Economic Analysis

Jonathan Gruber

7780: Youth Smoking in the U.S.: Evidence and Implications

Jonathan Gruber and Jonathan Zinman

7779: Evaluating and Investing in Equity Mutual Funds

Lubos Pastor and Robert Stambaugh

7778: The Equity Premium and Structural Breaks

Lubos Pastor and Robert Stambaugh

7777: The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?

Maurice Obstfeld and Kenneth Rogoff

7776: Tariff-Jumping Antidumping Duties

Bruce Blonigen

7775: A Framework for Assessing Estate and Gift Taxation

Louis Kaplow

7774: Tax and Subsidy Combinations for the Control of Car Pollution

Don Fullerton and Sarah West

7773: The Cost of Job Security Regulation: Evidence from Latin American Labor Markets

James Heckman and Carmen Pages

7772: Consumption Externalities and Diffusion in Pharmaceutical Markets: Antiulcer Drugs

Ernst R. Berndt, Robert Pindyck and Pierre Azoulay

7771: The Colonial Origins of Comparative Development: An Empirical Investigation

Daron Acemoglu, Simon Johnson and James Robinson

7770: Pensions and Contemporary Socioeconomic Change

Assar Lindbeck

7769: Estimating the Return to Schooling: Progress on Some Persistent Econometric Problems

David Card

7768: On the Instability of Variance Decompositions of the Real Exchange Rate across Exchange-Rate-Regimes: Evidence from Mexico and the United States

Enrique Mendoza

7767: Allocating Payroll Tax Revenue to Personal Retirement Accounts to Maintain Social Security Benefits and the Payroll Tax Rate

Martin Feldstein and Andrew Samwick

7766: Quality of Bureaucracy and Open-Economy Macro Policies

Chong-En Bai and Shang-Jin Wei

7765: Natural Openness and Good Government

Shang-Jin Wei

7764: Banks, Short Term Debt and Financial Crises: Theory, Policy Implications and Applications

Douglas Diamond and Raghuram Rajan

7763: Emerging Equity Markets and Economic Development

Geert Bekaert, Campbell Harvey and Christian Lundblad

7762: Generational Conflict, Human Capital Accumulation, and Economic Growth

Douglas Holtz-Eakin, Mary Lovely and Mehmet Tosun

7761: Borrowing Constraints and the Returns to Schooling

Stephen Cameron and Christopher Taber