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NBER Working Papers

From National Bureau of Economic Research, Inc
National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A..
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6406: Does Drug Use Cause Poverty? Downloads
Robert Kaestner
6405: Internationalized Production in Developed and Developing Countries and in Industry Sectors Downloads
Robert Lipsey
6404: Measuring Real Investment: Trends in the United States and International Comparisons Downloads
Milka S. Kirova and Robert Lipsey
6403: Human Capital and Predation: A Positive Theory of Educational Policy Downloads
Herschel Grossman and Minseong Kim
6402: Employment as a Drug Abuse Treatment Intervention: A Behavioral Economic Analysis Downloads
Kenneth Silverman and Elias Robles
6401: Are Alcoholics in Bad Jobs? Downloads
Donald Kenkel and Ping Wang
6400: Monetary Policy Shocks: What Have We Learned and to What End? Downloads
Lawrence Christiano, Martin Eichenbaum and Charles Evans
6399: Capital Gains Taxation and Tax Avoidance: New Evidence from Panel Data Downloads
Alan Auerbach, Leonard E. Burman and Jonathan Siegel
6398: Did Unilateral Divorce Raise Divorce Rates? Evidence from Panel Data Downloads
Leora Friedberg
6397: Unit Roots, Postwar Slowdowns and Long-Run Growth: Evidence from Two Structural Breaks Downloads
Dan Ben-David, Robin L. Lumsdaine and David Papell
6396: The Young Person's Guide to Neutrality, Price Level Indeterminacy, Interest Rate Pegs, and Fiscal Theories of the Price Level Downloads
Willem Buiter
6395: It's Not About the Money: Why Natural Experiments Don't Work on the Rich Downloads
Austan Goolsbee
6394: Career Concerns of Mutual Fund Managers Downloads
Judith Chevalier and Glenn Ellison
6393: Does Schooling Cause Growth or the Other Way Around? Downloads
Mark Bils and Pete Klenow
6392: The Business Cycle, Financial Performance, and the Retirement of Capital Goods Downloads
Austan Goolsbee
6391: Estimating the Impact of the GED on the Earnings of Young Dropouts Using a Series of Natural Experiments Downloads
John Tyler, Richard Murnane and John B. Willett
6390: International Capital Movements, Financial Volatility and Financial Instability Downloads
Frederic Mishkin
6389: Owner-Occupied Housing and the Composition of the Household Portfolio Over the Life-Cycle Downloads
Marjorie Flavin and Takashi Yamashita
6388: Understanding the Role of Cognitive Ability in Accounting for the Recent Rise in the Economic Return to Education Downloads
John Cawley, James Heckman and Edward Vytlacil
6387: Measuring Market Power in the Ready-to-Eat Cereal Industry Downloads
Aviv Nevo
6386: A Reanalysis of the Effect of the New Jersey Minimum Wage Increase on the Fast-Food Industry with Representative Payroll Data Downloads
David Card and Alan Krueger
6385: Life Cycle Schooling and Dynamic Selection Bias: Models and Evidence for Five Cohorts Downloads
Stephen V. Cameron and James Heckman
6384: Explaining Rising Wage Inequality: Explorations with a Dynamic General Equilibrium Model of Labor Earnings with Heterogeneous Agents Downloads
James Heckman, Lance Lochner and Christopher Taber
6383: Has U.S. Investment Abroad Become More Sensitive to Tax Rates? Downloads
Rosanne Altshuler, Harry Grubert and T. Scott Newlon
6382: International Portfolio Diversification and Labor/Leisure Choice Downloads
Urban Jermann
6381: Stock Market Volatility: Ten Years After the Crash Downloads
G. Schwert
6380: Perspectives on the Recent Currency Crisis Literature Downloads
Robert Flood and Nancy Marion
6379: Predictable Changes in Yields and Forward Rates Downloads
David Backus, Silverio Foresi, Abon Mozumdar and Liuren Wu
6378: Theories of the Distribution of Labor Earnings Downloads
Derek Neal and Sherwin Rosen
6377: Nonprofit Production and Competition Downloads
Darius Lakdawalla and Tomas Philipson
6376: Is Trade Policy for Sale? Congressional Voting on Recent Trade Bills Downloads
Robert Baldwin and Christopher S. Magee
6375: Human Behavior and the Efficiency of the Financial System Downloads
Robert Shiller
6374: Entrepreneurs, Income Taxes, and Investment Downloads
Robert Carroll, Douglas Holtz-Eakin, Mark Rider and Harvey Rosen
6373: Expandability, Reversibility, and Optimal Capacity Choice Downloads
Avinash Dixit and Robert Pindyck
6372: Consumption Smoothing through Fiscal Policy in OECD and EU Countries Downloads
Adriana Arreaza, Bent Sorensen and Oved Yosha
6371: Modeling Money Downloads
Lawrence Christiano, Martin Eichenbaum and Charles Evans
6370: Staying Afloat When the Wind Shifts: External Factors and Emerging-Market Banking Crises Downloads
Barry Eichengreen and Andrew Rose
6369: The Immediate Challenges for the European Central Bank Downloads
Rüdiger Dornbusch, Carlo Favero and Francesco Giavazzi
6368: The Cost of Diversity: The Diversification Discount and Inefficient Investment Downloads
Raghuram Rajan, Henri Servaes and Luigi Zingales
6367: Has the Business Cycle Been Abolished? Downloads
Victor Zarnowitz
6366: The Introduction of Pharmaceutical Product Patents in India: "Heartless Exploitation of the Poor and Suffering"? Downloads
Jean Lanjouw
6365: Another Look at the Capitalization of Interest Subsidies: Evidence from Sweden Downloads
Tommy Berger, Peter Englund, Patric Hendershott and Bengt Turner
6364: Democracies Pay Higher Wages Downloads
Dani Rodrik
6363: Incentives and Social Capital: Are Homeowners Better Citizens? Downloads
Denise DiPasquale and Edward Glaeser
6362: School Quality and the Longer-Term Effects of Head Start Downloads
Janet Currie and Duncan Thomas
6361: Do Sentencing Guidelines Raise the Cost of Punishment? Downloads
Jose Meade and Joel Waldfogel
6360: Capturing Technological Opportunity via Japan's Star Scientists: Evidence from Japanese Firms' Biotech Patents and Products Downloads
Lynne Zucker and Michael Darby
6359: Alcohol Regulation and Violence Towards Children Downloads
Sara Markowitz and Michael Grossman
6358: Institutional Arrangements and Fiscal Performance: The Latin American Experience Downloads
Ernesto Stein, Ernesto Talvi and Alejandro Grisanti
6357: The Structure of Wages and Investment in General Training Downloads
Daron Acemoglu and Jorn-Steffen Pischke
6356: Indexed Units of Account: Theory and Assessment of Historical Experience Downloads
Robert Shiller
6355: Taxes and Employment Subsidies in Optimal Redistribution Programs Downloads
Paul Beaudry and Charles Blackorby
6354: Asset Pricing with Distorted Beliefs: Are Equity Returns Too Good To Be True? Downloads
Stephen Cecchetti, Pok-sang Lam and Nelson Mark
6353: The Introduction of Crack Cocaine and the Rise in Urban Crime Rates Downloads
Jeffrey Grogger and Mike Willis
6352: The Dark Side of Internal Capital Markets II: Evidence from Diversified Conglomerates Downloads
David Scharfstein
6351: International Home Bias in International Finance and Business Cycles Downloads
Karen Lewis
6350: Where Did All The Growth Go? External Shocks, Social Conflict, and Growth Collapses Downloads
Dani Rodrik
6349: VAT Base Broadening, Self Supply, and The Informal Sector Downloads
John Piggott and John Whalley
6348: Adolescent Alcohol and Marijuana Consumption: Is There Really a Gateway Effect? Downloads
Rosalie Pacula
6347: The Japanese Open-End Fund Puzzle Downloads
Stephen Brown, William Goetzmann, Takato Hiraki, Toshiyuki Otsuki and Noriyoshi Shiraishi
6346: The Effects of Malpractice Pressure and Liability Reforms on Physicians' Perceptions of Medical Care Downloads
Daniel P. Kessler and Mark McClellan
6345: Inter vivos Transfers and Intended Bequests Downloads
Kathleen McGarry
6344: Foreign Direct Investment, Trade and Real Exchange Rate Linkages in Developing Countries Downloads
Linda Goldberg and Michael Klein
6343: What Causes Public Assistance Caseloads to Grow? Downloads
Rebecca Blank
6342: Estimating Adjustment Costs with Data on Heterogeneous Capital Goods Downloads
Austan Goolsbee and David B. Gross
6341: Electoral Institutions, Cabinet Negotiations, and Budget Deficits in the European Union Downloads
Mark Hallerberg and Juergen von Hagen
6340: Transfer Motives and Tax Policy Downloads
Louis Kaplow
6339: Quantitative Implications of the Home Bias: Foreign Underinvestment, Domestic Oversaving, and Corrective Taxation Downloads
Assaf Razin, Efraim Sadka and Chi-Wa Yuen
6338: Channeling Domestic Savings into Productive Investment Under Asymmetric Information: The Essential Role of Foreign Direct Investment Downloads
Assaf Razin, Efraim Sadka and Chi-Wa Yuen
6337: The Estate Tax and After-Tax Investment Returns Downloads
James Poterba
6336: A Model of Endogenous Fiscal Deficits and Delayed Fiscal Reforms Downloads
Andres Velasco
6335: Economic Integration and Convergence: U.S. Regions, 1840-1987 Downloads
Sukkoo Kim
6334: The Mexican Peso Crisis? How Much Did We Know? When Did We Know It? Downloads
Sebastian Edwards
6333: What Happens When You Tax the Rich? Evidence from Executive Compensation Downloads
Austan Goolsbee
6332: Hong Kong's Business Regulation in Transition Downloads
Changqi Wu and Leonard K. Cheng
6331: The Careers of Modern Artists: Evidence from Auctions of Contemporary Paintings Downloads
David Galenson
6330: Has Job Stability Declined Yet? New Evidence for the 1990's Downloads
David Neumark, Daniel Polsky and Daniel Hansen
6329: Political Economics and Macroeconomic Policy Downloads
Torsten Persson and Guido Tabellini
6328: The Determinants of Child Care Workers' Wages and Compensation: Sectoral Differences, Human Capital, Race, Insiders and Outsiders Downloads
Naci Mocan and Deborah Viola
6327: Whither the World Bank and the IMF? Downloads
Anne O. Krueger
6326: Pecuniary Incentives to Work in the U.S. during World War II Downloads
Casey Mulligan
6325: The Central Tendency: A Second Factor in Bond Yields Downloads
Pierluigi Balduzzi, Sanjiv Das and Silverio Foresi
6324: A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets Downloads
Harrison Hong and Jeremy Stein
6323: How the Changing Market Structure of U.S. Higher Education Explains College Tuition Downloads
Caroline Hoxby
6322: Regions, Resources, and Economic Geography: Sources of U.S. Regional Comparative Advantage, 1880-1987 Downloads
Sukkoo Kim
6321: Market Forces and Sex Discrimination Downloads
Judith Hellerstein, David Neumark and Kenneth Troske
6320: Volatility and Financial Intermediation Downloads
Joshua Aizenman and Andrew Powell
6319: Open-Economy Macroeconomics, Developments in Theory and Policy Downloads
Maurice Obstfeld
6318: Unions and Managerial Pay Downloads
John DiNardo, Kevin Hallock and Jorn-Steffen Pischke
6317: Myopia and Inconsistency in the Neoclassical Growth Model Downloads
Robert Barro
6316: After Chile, What? Second-Round Pension Reforms in Latin America Downloads
Olivia Mitchell and Flavio Ataliba Barreto
6315: Inventories Downloads
Valerie Ramey and Kenneth West
6314: NIMBY Taxes Matter: State Taxes and Interstate Hazardous Waste Shipments Downloads
Arik Levinson
6313: Unequal at Birth: A Long-Term Comparison of Income and Birth Weight Downloads
Dora Costa
6312: Foreign Speculators and Emerging Equity Markets Downloads
Geert Bekaert and Campbell Harvey
6311: Managing the Public Debt in Fiscal Stabilizations: The Evidence Downloads
Alessandro Missale, Francesco Giavazzi and Pierpaolo Benigno
6310: Sharp Reductions in Current Account Deficits: An Empirical Analyis Downloads
Gian Maria Milesi-Ferretti and Assaf Razin
6309: Corporate Governance Downloads
Luigi Zingales
6308: Social Security and Retirement in Canada Downloads
Jonathan Gruber
6307: Welfare and Macroeconomic Interdependence Downloads
Giancarlo Corsetti and Paolo Pesenti
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