NBER Working Papers

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7323: Assessing Affirmative Action

Harry Holzer and David Neumark

7322: Estimating the Payoff to Attending a More Selective College: An Application of Selection on Observables and Unobservables

Stacy Berg Dale and Alan Krueger

7321: Comparing the Economic and Conventional Approaches to Financial Planning

Jagadeesh Gokhale, Laurence Kotlikoff and Mark J. Warshawsky

7320: Pensions and Retiree Health Benefits in Household Wealth: Changes from 1969 to 1992

Alan Gustman and Thomas L. Steinmeier

7319: Bankers on Boards: Monitoring, Conflicts of Interest, and Lender Liability

Randall S. Kroszner and Philip E. Strahan

7318: Delays in Claiming Social Security Benefits

Courtney Coile, Peter Diamond, Jonathan Gruber and Alain Jousten

7317: Order Flow and Exchange Rate Dynamics

Martin Evans and Richard Lyons

7316: An Efficiency Approach to the Evaluation of Policy Changes

Stephen Coate

7315: Political Economy, Sectoral Shocks, and Border Enforcement

Gordon Hanson and Antonio Splimbergo

7314: Pre-Retirement Cashouts and Foregone Retirement Saving: Implications for 401(k) Asset Accumulation

James Poterba, Steven Venti and David Wise

7313: New Directions for Stochastic Open Economy Models

Maurice Obstfeld and Kenneth Rogoff

7312: The Choice of Structural Model in Trade-Wages Decompositions

Lisandro Abrego and John Whalley

7311: Understanding How Price Responds to Costs and Production

Mark Bils and Yongsung Chang

7310: What Inventory Behavior Tells Us About Business Cycles

Mark Bils and James Kahn

7309: Wages and the Allocation of Hours and Effort

Mark Bils and Yongsung Chang

7308: Costs of Air Quality Regulation

Randy Becker and J. Vernon Henderson

7307: The Impact of Employer-Provided Health Insurance on Dynamic Employment Transitions

Donna Gilleskie and Byron F. Lutz

7306: The Impact of Young Workers on the Aggregate Labor Market

Robert Shimer

7305: The Environmental Regime in Developing Countries

Raghbendra Jha and John Whalley

7304: The Crisis of Germany's Pension Insurance System and How It Can Be Resolved

Hans-Werner Sinn

7303: Incomplete Contracts and Industrial Organization

Gene Grossman and Elhanan Helpman

7302: The Fallacy of the Fiscal Theory of the Price Level

Willem Buiter

7301: The Effects of Environmental Policy on the Performance of Environmental RIVs

Yannis Katsoulacos, Alistair Ulph and David Ulph

7300: Economic Imperialism

Edward Lazear

7299: A Cross-National Analysis of the Effects of Minimum Wages on Youth Employment

David Neumark and William Wascher

7298: Green Taxes and Administrative Costs: The Case of Carbon Taxation

Sjak Smulders and Herman R.J. Vollebergh

7297: An Industry-Adjusted Index of State Environmental Compliance Costs

Arik Levinson

7296: The Government as Litigant: Further Tests of the Case Selection Model

Theodore Eisenberg and Henry S. Farber

7295: Have Employment Reductions Become Good News for Shareholders? The Effect of Job Loss Announcements on Stock Prices, 1970-97

Henry S. Farber and Kevin Hallock

7294: Measuring the Effects of Arbitration on Wage Levels: The Case of Police Officers

Orley Ashenfelter and Dean Hyslop

7293: Domestic Policies, National Sovereignty and International Economic Institutions

Kyle Bagwell and Robert Staiger

7292: Affiliates of U.S. and Japanese Multinationals in East Asian Production and Trade

Robert Lipsey

7291: Health Insurance and Less Skilled Workers

Janet Currie and Aaron Yelowitz

7290: Are Whites Still "Fleeing"? Racial Patterns and Enrollment Shifts in Urban Public Schools, 1987-1996

Charles Clotfelter

7289: Are There Returns to the Wages of Young Men from Working While in School?

V. Joseph Hotz, Lixin Xu, Marta Tienda and Avner Ahituv

7288: Policies to Foster Human Capital

James Heckman

7287: The Evolving Market for Catastrophic Event Risk

Kenneth Froot

7286: The Market for Catastrophe Risk: A Clinical Examination

Kenneth Froot

7285: Organizational Change in French Manufacturing: What Do We Learn From Firm Representatives and From Their Employees?

Nathalie Greenan and Jacques Mairesse

7284: Comparing Asset Pricing Models: An Investment Perspective

Lubos Pastor and Robert Stambaugh

7283: Too Much of a Good Thing? The Economics of Investment in R&D

Charles Jones and John Williams

7282: The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence

Olivier Blanchard and Justin Wolfers

7281: Efficiency Effects on the U.S. Economy from Wireless Taxation

Jerry Hausman

7280: The U.S. Patent System in Transition: Policy Innovation and the Innovation Process

Adam Jaffe

7279: The Concentration of Medical Spending: An Update

David Cutler and Ellen Meara

7278: Tradable Deficit Permits: Efficient Implementation of the Stability Pacin the European Monetary Union

Alessandra Casella

7277: Race and Home Ownership, 1900 to 1990

William Collins and Robert Margo

7276: Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability

Lars Svensson

7275: Size and Growth of Japanese Plants in the United States

Bruce Blonigen and KaSaundra Tomlin

7274: The Effects of Direct Foreign Investment on Local Communities

David Figlio and Bruce Blonigen

7273: The Competition Between Competition Rules

Hans-Werner Sinn

7272: Liquidity Crises in Emerging Markets: Theory and Policy

Roberto Chang and Andres Velasco

7271: Consumption Over the Life Cycle

Pierre-Olivier Gourinchas and Jonathan Parker

7270: ABC at Insteel Industries

V.G. Narayanan and Ratna G. Sarkar

7269: An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output

Olivier Blanchard and Roberto Perotti

7268: Taxing Retirement Income: Nonqualified Annuities and Distributions from Qualified Accounts

Jeffrey Brown, Olivia Mitchell, James Poterba and Mark J. Warshawsky

7267: No Contagion, Only Interdependence: Measuring Stock Market Co-movements

Kristin Forbes and Roberto Rigobon

7266: Is Hospital Competition Socially Wasteful?

Daniel P. Kessler and Mark B. McClellan

7265: International Institutions for Reducing Global Financial Instability

Kenneth Rogoff

7264: Trade and Growth: Import-Led or Export-Led? Evidence From Japan and Korea

Robert Lawrence and David Weinstein

7263: Can Capital Mobility be Destabilizing?

Qinglai Meng and Andres Velasco

7262: Determinants of Smoking Cessation: An Analysis of Young Adult Men and Women

John Tauras and Frank Chaloupka

7261: Optimal Monetary Policy Inertia

Michael Woodford

7260: Quality Certification and the Economics of Contract Software Development A Study of the Indian Software Industry

Ashish Arora and Jai Asundi

7259: A Tax on Output of the Polluting Industry is Not a Tax on Pollution: The Importance of Hitting the Target

Don Fullerton, Inkee Hong and Gilbert Metcalf

7258: Is There Monopsony in the Labor Market? Evidence from a Natural Experiment

Doug Staiger, Joanne Spetz and Ciaran Phibbs

7257: The Band Pass Filter

Lawrence Christiano and Terry Fitzgerald

7256: Assessing the Impact of Organizational Practices on the Productivity of University Technology Transfer Offices: An Exploratory Study

Donald Siegel, David Waldman and Albert Link

7254: Distortionary Taxation, Excessive Price Sensitivity, and Japanese Land Prices

Kiyohiko G. Nishimura, Fukujyu Yamazaki, Takako Idee and Toshiaki Watanabe

7253: Are All Banking Crises Alike? The Japanese Experience in International Comparison

Michael Hutchison and Kathleen McDill

7252: Tax Policy and Consumer Spending: Evidence from Japanese Fiscal Experiments

Katsunori Watanabe, Takayuki Watanabe and Tsutomu Watanabe

7251: Determinants of the Japan Premium: Actions Speak Louder Than Words

Joe Peek and Eric Rosengren

7250: The Japanese Banking Crisis: Where Did It Come From and How Will It End?

Takeo Hoshi and Anil Kashyap

7249: The Dynamics of Educational Attainment for Blacks, Hispanics, and Whites

Stephen V. Cameron and James Heckman

7248: Local Academic Science Driving Organizational Change: The Adoption of Biotechnology by Japanese Firms

Michael Darby and Lynne Zucker

7247: Japan's Big Bang and the Transformation of Financial Markets

Takatoshi Ito and Michael Melvin

7246: Explaining the Cross-Section of Stock Returns in Japan: Factors or Characteristics?

Kent Daniel, Sheridan Titman and K.C. John Wei

7245: Liquidity Traps: How to Avoid Them and How to Escape Them

Willem Buiter and Nikolaos Panigirtzoglou

7244: Tax Structure and Government Behavior: Implications for Tax Policy

Roger Gordon and John Wilson

7243: Worklife Determinants of Retirement Income Differentials Between Men and Women

Phillip Levine, Olivia Mitchell and John W. Phillips

7242: Violating the Law of One Price: Should We Make a Federal Case Out of It?

Charles Engel and John Rogers

7241: Characteristics of TQM: Evidence from the RIT/USA Today Quality Cup Competition

Joshua G. Rosett and Richard N. Rosett

7240: Social Approval, Values, and AFDC: A Re-Examination of the Illegitimacy Debate

Thomas Nechyba

7239: A Model of Multiple Districts and Private Schools: The Role of Mobility, Targeting, and Private School Vouchers

Thomas Nechyba

7238: Spendthrift in America? On Two Decades of Decline in the U.S. Saving Rate

Jonathan Parker

7237: Explaining the Poor Performance of Consumption-Based Asset Pricing Models

John Campbell and John Cochrane

7236: The Extent and Consequences of Downward Nominal Wage Rigidity

Joseph Altonji and Paul Devereux

7235: Estimating Returns to Schooling When Schooling is Misreported

Thomas J. Kane, Cecilia Elena Rouse and Doug Staiger

7234: Expectations, Credibility, and Time-Consistent Monetary Policy

Peter Ireland

7233: Crisis Prevention: Lessons from Mexico and East Asia

Sebastian Edwards

7232: Federalism and Takeover Law: The Race to Protect Managers from Takeovers

Lucian Bebchuk and Allen Ferrell

7231: The Transmission Mechanism of Monetary Policy in Europe: Evidence from Banks' Balance Sheets

Carlo Favero, Francesco Giavazzi and Luca Flabbi

7230: Accounting for Heterogeneity, Diversity, and General Equilibriumin Evaluating Social Programs

James Heckman

7229: Union Success in Representation Elections: Why Does Unit Size Matter?

Henry S. Farber

7228: Exchange Rates in Emerging Economies: What Do We Know? What Do We Need to Know?

Sebastian Edwards and Miguel A. Savastano

7227: The Impact of US News and World Report College Rankings on Admission Outcomes and Pricing Decisions at Selective Private Institutions

James Monks and Ronald Ehrenberg

7226: Testing for Structural Breaks in the Evaluation of Programs

Anne Piehl, Suzanne J. Cooper, Anthony A. Braga and David M. Kennedy

7225: The Supply of Quality in Child Care Centers

David Blau and Naci Mocan

7224: Explaining Inequality the World Round: Cohort Size, Kuznets Curves, andOpenness

Matthew Higgins and Jeffrey Williamson

7223: The Stock Market Valuation of Research and Development Expenditures

Louis K.C. Chan, Josef Lakonishok and Theodore Sougiannis