NBER Working Papers

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7578: Do Immigrant Inflows Lead to Native Outflows?

David Card and John DiNardo

7577: Potential Pitfalls for the Purchasing-Power-Parity Puzzle? Sampling and Specification Biases in Mean-Reversion Tests of the Law of One Price

Alan Taylor

7576: Does Growing Inequality Reduce Tax Progressivity? Should It?

Joel Slemrod and Jon Bakija

7575: Globalization and International Public Finance

Michael Kremer and Paras Mehta

7574: Guaranteed Income: SSI and the Well-Being of the Elderly Poor

Kathleen McGarry

7573: Labor Markets in Professional Sports

Sherwin Rosen and Allen Sanderson

7572: Keiretsu and Relationship-Specific Investment: A Barrier to Trade?

Barbara Spencer and Larry Qiu

7571: The Savers-Spenders Theory of Fiscal Policy

N. Gregory Mankiw

7570: Social Security and Inequality over the Life Cycle

Angus Deaton, Pierre-Olivier Gourinchas and Christina Paxson

7569: The Shape of Twentieth Century Economic History

James DeLong

7568: Long Run Effects of Social Security Reform Proposals on Lifetime Progressivity

Julia Lynn Coronado, Don Fullerton and Thomas Glass

7567: Daily Momentum and Contrarian Behavior of Index Fund Investors

William Goetzmann and Massimo Massa

7566: Global Real Estate Markets - Cycles and Fundamentals

Bradford Case, William Goetzmann and K. Rouwenhorst

7565: A Century of Global Stock Markets

Philippe Jorion and William Goetzmann

7564: Why Do People Still Live in East Germany?

Jennifer Hunt

7563: The Role of Social Capital in Financial Development

Luigi Guiso, Paola Sapienza and Luigi Zingales

7562: Compensation in the Nonprofit Sector

Christopher Ruhm and Carey Borkoski

7561: The Effect of Immigration on Native Self-Employment

Robert Fairlie and Bruce Meyer

7560: Differential Mortality and the Value of Individual Account Retirement Annuities

Jeffrey Brown

7559: Monetary Policy and Asset Price Volatility

Ben Bernanke and Mark Gertler

7558: The Importance of Measurement Error in the Cost of Capital

Austan Goolsbee

7557: Outsourcing at Will: Unjust Dismissal Doctrine and the Growth of Temporary Help Employment

David Autor

7556: Single Peaked Vs. Diversified Capitalism: The Relation Between Economic Institutions and Outcomes

Richard Freeman

7555: Does Public Insurance Improve the Efficiency of Medical Care? Medicaid Expansions and Child Hospitalizations

Leemore Dafny and Jonathan Gruber

7554: On the Fundamentals of Self-Fulfilling Speculative Attacks

Craig Burnside, Martin Eichenbaum and Sergio Rebelo

7553: Tax Subsidies for Health Insurance: Evaluating the Costs and Benefits

Jonathan Gruber

7552: Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not)

Wesley M. Cohen, Richard Nelson and John P. Walsh

7551: Inflation Dynamics: A Structural Econometric Analysis

Jordi Galí and Mark Gertler

7550: What do we know about Macroeconomics that Fisher and Wicksell did not?

Olivier Blanchard

7549: The Information in the High Yield Bond Spread for the Business Cycle: Evidence and Some Implications

Mark Gertler and Cara S. Lown

7548: Optimal Exercise Prices for Executive Stock Options

Brian J. Hall and Kevin Murphy

7547: A Monetary Explanation of the Great Stagflation of the 1970s

Robert Barsky and Lutz Kilian

7546: The Firm as a Dedicated Hierarchy: A Theory of the Origin and Growth of Firms

Raghuram Rajan and Luigi Zingales

7545: Fertility, Migration, and Altruism

Eli Berman and Zaur Rzakhanov

7544: Labor- and Capital- Augmenting Technical Change

Daron Acemoglu

7543: The Importance of Group Coverage: How Tax Policy Shaped U.S. Health Insurance

Melissa Thomasson

7542: Why Do Dancers Smoke? Time Preference, Occupational Choice, and Wage Growth

Lalith Munasinghe and Nachum Sicherman

7541: The Growth Costs of Malaria

Desmond McCarthy, Holger Wolf and Yi Wu

7540: Institutions for High-Quality Growth: What They are and How to Acquire Them

Dani Rodrik

7539: Have Falling Tariffs and Transportation Costs Raised U.S. Wage Inequality?

Jonathan Haskel and Matthew J. Slaughter

7538: Heart of Darkness: Modeling Public-Private Funding Interactions Inside the R&D Black Box

Paul David and Bronwyn Hall

7537: Medical Liability, Managed Care, and Defensive Medicine

Daniel P. Kessler and Mark B. McClellan

7536: Strategic Trade Policy with Endogenous Choice of Quality and Asymmetric Costs

Dongsheng Zhou, Barbara Spencer and Ilan Vertinsky

7535: Cigarettes and Alcohol: Substitutes or Complements?

Sandra L. Decker and Amy Schwartz

7534: Resuscitating Real Business Cycles

Robert King and Sergio Rebelo

7533: How Liability Law Affects Medical Productivity

Daniel P. Kessler and Mark B. McClellan

7532: Capital Gains Realizations of the Rich and Sophisticated

Alan Auerbach and Jonathan Siegel

7531: Can Output Losses Following International Financial Crises be Avoided?

Michael Dooley

7530: Income-distribution Dynamics with Endogenous Fertility

Michael Kremer and Daniel Chen

7529: U.S. Banks, Crises, and Bailouts: From Mexico to LTCM

René Stulz

7528: Jacksonian Monetary Policy, Specie Flows, and the Panic of 1837

Peter Rousseau

7527: The Power of the Pill: Oral Contraceptives and Women's Career and Marriage Decisions

Claudia Goldin and Lawrence Katz

7526: How Large is the Bias is Self-Reported Disability?

Hugo Benitez-Silva, Moshe Buchinsky, Hiu Man Chan, Sofia Cheidvasser and John Rust

7525: The Income and Tax Share of Very High Income Households, 1960-1995

Daniel Feenberg and James Poterba

7524: How Do UK-Based Foreign Exchange Dealers Think Their Market Operates?

Yin-Wong Cheung, Menzie Chinn and Ian Marsh

7523: Tunnelling

Simon Johnson, Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer

7522: Children's Welfare Exposure and Subsequent Development

Phillip Levine and David Zimmerman

7521: Choice, Chance, and Wealth Dispersion at Retirement

Steven Venti and David Wise

7520: The Progressivity of Social Security

Julia Lynn Coronado, Don Fullerton and Thomas Glass

7519: The Effects of Minimum Wages Throughout the Wage Distribution

David Neumark, Mark Schweitzer and William Wascher

7518: Forward and Backward Intergenerational Goods: A Theory of Intergenerational Exchange

Antonio Rangel

7517: The European Central Bank and the Euro: The First Year

Martin Feldstein

7516: How Should Monetary Policy be Conducted in an Era of Price Stability?

Lars Svensson

7515: Fiscal Shocks in an Efficiency Wage Model

Craig Burnside, Martin Eichenbaum and Jonas Fisher

7514: Capital Movements, Banking Insolvency, and Silent Runs in the Asian Financial Crisis

Edward Kane

7513: Market Provision of Public Goods: The Case of Broadcasting

Simon Anderson and Stephen Coate

7512: The Elasticity of Taxable Income: Evidence and Implications

Jonathan Gruber and Emmanuel Saez

7511: Sticky-Price Models of the Business Cycle: Specification and Stability

Peter Ireland

7510: Understanding Young Women's Marriage Decisions: The Role of Labor and Marriage Market Conditions

Francine Blau, Lawrence Kahn and Jane Waldfogel

7509: Geographic Localization of International Technology Diffusion

Wolfgang Keller

7508: Sorting and Long-Run Inequality

Raquel Fernandez and Richard Rogerson

7507: Is Addiction "Rational"? Theory and Evidence

Jonathan Gruber and Botond Koszegi

7506: Youth Smoking in the U.S.: Prices and Policies

Jonathan Gruber

7505: Two Generalizations of a Deposit-Refund System

Don Fullerton and Ann Wolverton

7504: Medicare Reform: The Larger Picture

Victor Fuchs

7503: The Effects of Urban Concentration on Economic Growth

J. Vernon Henderson

7502: Wage-Setting Institutions as Industrial Policy

Steven Davis and Magnus Henrekson

7501: The Effect of Unions on Employment: Evidence from an Unnatural Experiment in Uruguay

Adriana Cassoni, Steven Allen and Gaston Labadie

7500: The Role of Alcohol and Drug Consumption in Determining Physical Fights and Weapon Carrying by Teenagers

Sara Markowitz

7499: Tax Base Variability and Procyclical Fiscal Policy

Ernesto Talvi and Carlos Vegh

7498: Money as Stock: Price Level Determination with no Money Demand

John Cochrane

7497: Estimating Exchange Rate Exposures: Some "Weighty" Issues

Gordon Bodnar and M.H. Franco Wong

7496: The Political Economy of the Budget Surplus in the U.S

Alberto Alesina

7495: Do Patents Matter?: Empirical Evidence after GATT

Jean Lanjouw and Iain Cockburn

7494: If at First You Don't Succeed...: Profits, Prices and Market Structure in a Model of Quality with Unknowable Consumer Heterogeneity

Kala Krishna and Tor Winston

7493: Identification through Heteroskedasticity: Measuring "Contagion: betweenArgentinean and Mexican Sovereign Bonds

Roberto Rigobon

7492: The Distributional Effects of an Investment-Based Social Security System

Martin Feldstein and Jeffrey Liebman

7491: Making Single Mothers Work: Recent Tax and Welfare Policy and its Effects

Bruce Meyer and Dan Rosenbaum

7490: Robust Monetary Policy Under Model Uncertainty in a Small Model of the U.S. Economy

Alexei Onatski and James Stock

7489: Market Efficiency in an Irrational World

Kent Daniel and Sheridan Titman

7488: Exchange Rate Returns Standardized by Realized Volatility are (Nearly) Gaussian

Torben Andersen, Tim Bollerslev, Francis Diebold and Paul Labys

7487: Well-Being Over Time in Britain and the USA

David Blanchflower and Andrew Oswald

7486: Self-Employment in OECD Countries

David Blanchflower

7485: Trade, Income Inequality, and Government Policies: Redistribution of Income or Education Subsidies?

Eckhard Janeba

7484: Endogenous R&D Spillovers and Industrial Research Productivity

James Adams

7483: Causes of the Korean Financial Crisis: Lessons for Policy

Joon-Ho Hahm and Frederic Mishkin

7482: Understanding Inflation: Implications for Monetary Policy

Stephen Cecchetti and Erica Groshen

7481: Criminal Violence and Alcohol Beverage Control: Evidence from an International Study

Sara Markowitz

7480: Does Product Market Competition Reduce Agency Costs?

Ravi Jagannathan and Shaker B. Srinivasan

7479: What's Driving the New Economy: The Benefits of Workplace Innovation

Sandra Black and Lisa Lynch