NBER Working Papers

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6522: Notes on "A Code for Fiscal Stability"

Willem Buiter

6521: An Economic Analysis of Transnational Bankruptcies

Lucian Bebchuk and Andrew T. Guzman

6520: Falling Union Membership and Rising Wage Inequality: What's the Connection?

David Card

6519: The More Things Change: Immigrants and the Children of Immigrants in the 1940s, the 1970s, and the 1990s

David Card, John DiNardo and Eugena Estes

6518: Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty

Arturo Estrella and Frederic Mishkin

6517: Vertical Externalities in Tax Setting: Evidence from Gasoline and Cigarettes

Timothy Besley and Harvey Rosen

6516: The Morning After: The Mexican Peso in the Aftermath of the 1994 Currency Crisis

Sebastian Edwards and Miguel A. Savastano

6515: Changing Inequality in Markets for Workplace Amenities

Daniel Hamermesh

6514: The Costs and Benefits of Intensive Treatment for Cardiovascular Disease

David Cutler, Mark McClellan and Joseph Newhouse

6513: How Much is Enough? Efficiency and Medicare Spending in the Last Six Months of Life

Jonathan Skinner and John E. Wennberg

6512: Policy Rules for Inflation Targeting

Glenn Rudebusch and Lars Svensson

6511: Social Security, Economic Growth, and the Rise in Independence of Elderly Widows in the 20th Century

Kathleen McGarry and Robert Schoeni

6510: The Political Economy of Unilateral Trade Liberalization: The Case of Chile

Sebastian Edwards and Daniel Lederman

6509: The Effect of Offer-of-Settlement Rules on the Terms of Settlement

Lucian Bebchuk and Howard F. Chang

6508: Regime Switches in Interest Rates

Andrew Ang and Geert Bekaert

6507: International Knowledge Flows: Evidence from Patent Citations

Adam Jaffe and Manuel Trajtenberg

6506: The Economic Progress of Immigrants

George Borjas

6505: Valuing the Futures Market Clearinghouse's Default Exposure During the 1987 Crash

David Bates and Roger Craine

6504: The Wage and the Length of the Work Day: From the 1890s to 1991

Dora Costa

6503: Health Problems as Determinants of Retirement: Are Self-Rated Measures Endogenous?

Debra Dwyer and Olivia Mitchell

6502: Why Aren't Savings Rates in Latin America Procyclical?

Philip Lane and Aaron Tornell

6501: Labor-Market Frictions and Employment Fluctuations

Robert Hall

6500: It'll Only Hurt a Second? Microeconomic Determinants of Who Gets Flu Shots

John Mullahy

6499: Producers and Predators

Herschel Grossman

6498: Voracity and Growth

Aaron Tornell and Philip Lane

6497: Reform from Within

Aaron Tornell

6496: Mentoring and Diversity

Susan Athey, Christopher Avery and Peter Zemsky

6495: The Current Account and the Real Exchange Rate: A Structural VAR Analysis of Major Currencies

Jaewoo Lee and Menzie Chinn

6494: Optimal CO2 Abatement in the Presence of Induced Technological Change

Lawrence H. Goulder and Koshy Mathai

6493: Effects of Information Provision in an Vertically Differentiated Market

Tasneem Chipty and Ann Dryden Witte

6492: Staggered Price Setting and Endogenous Persistence

Paul Bergin and Robert Feenstra

6491: Before the Fall: Were East Asian Currencies Overvalued?

Menzie Chinn

6490: Costs of Equity Capital and Model Mispricing

Lubos Pastor and Robert Stambaugh

6489: Less-Skilled Workers, Welfare Reform, and the Unemployment Insurance System

Cynthia K. Gustafson and Phillip Levine

6488: The Effect of Price Advertising and Prices: Evidence in the Wake of 44 Liquormart

Jeffrey Milyo and Joel Waldfogel

6487: Applying Behavioral Economics to the Challenge of Reducing Cocaine Abuse

Stephen T. Higgins

6486: Tobacco Taxes, Smoking Restrictions, and Tobacco Use

Robert L. Ohsfeldt, Raymond G. Boyle and Eli L. Capilouto

6485: Asset Prices, Consumption, and the Business Cycle

John Campbell

6484: Using Sentence Enhancements to Distinguish between Deterrence and Incapacitation

Daniel Kessler and Steven Levitt

6483: Multiproduct Multinationals and Reciprocal FDI Dumping

Richard Baldwin and Gianmarco Ottaviano

6482: Why Are Process Monitoring Technologies Valuable? The Use of On-Board Information Technology in the Trucking Industry

Thomas N. Hubbard

6481: Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market

Steven Berry, James Levinsohn and Ariel Pakes

6480: Thresholds and Context Dependence in Growth

Atish Ghosh and Holger Wolf

6479: Illegal Child Labor in the United States: Prevalence and Characteristics

Douglas Kruse and Douglas Mahony

6478: Social Security Benefits of Immigrants and U.S. Born

Alan Gustman and Thomas L. Steinmeier

6477: Incremental Trade and Endogenous Growth: A q-Theory Approach

Richard Baldwin and Rikard Forslid

6476: Asset Pricing when Risk Sharing is Limited by Default

Fernando Alvarez and Urban Jermann

6475: Total Factor Productivity Growth in the Canadian Life Insurance Industry: 1979-1989

Jeffrey Bernstein

6474: Negative Expected Value Suits

Lucian Bebchuk

6473: Chapter 11

Lucian Bebchuk

6472: The Uneasy Case for the Priority of Secured Claims in Bankruptcy: Further Thoughts and a Reply to Critics

Lucian Bebchuk and Jesse Fried

6471: Is the Price Level Determined by the Needs of Fiscal Solvency?

Matthew Canzoneri, Robert Cumby and Behzad Diba

6470: Government Debt

Douglas Elmendorf and N. Gregory Mankiw

6469: Financial Fragility and the Exchange Rate Regime

Roberto Chang and Andres Velasco

6468: Current Account Sustainability in Transition Economies

Nouriel Roubini and Paul Wachtel

6467: Stock Repurchases and Incentive Compensation

Christine Jolls

6466: Consumption Demand

Orazio Attanasio

6465: Transition to and Tax Rate Flexibility in a Cash-Flow Type Tax

David Bradford

6464: The Cost-Effectiveness of Alternative Instruments for Environmental Protection in a Second-Best Setting

Lawrence H. Goulder, Ian Parry, Roberton Williams and Dallas Burtraw

6463: An Empirical Analysis of the Potential for Market Power in California's Electricity Industry

Severin Borenstein and James Bushnell

6462: Tax Policy and Human Capital Formation

James Heckman, Lance Lochner and Christopher Taber

6461: The Value of MFN Treatment

Madanmohan Ghosh, Carlo Perroni and John Whalley

6460: The Institutional Context and Manufacturing Performance: The Case of the U.S. Defense Industrial Network

Maryellen Kelley and Cynthia R. Cook

6459: Agglomeration and Endogenous Capital

Richard Baldwin

6458: Global Income Divergence, Trade and Industrialization: The Geography of Growth Take-Offs

Richard Baldwin, Philippe Martin and Gianmarco Ottaviano

6457: Household Savings in Transition Economies

Cevdet Denizer and Holger C. Wolf

6456: Indeterminacy, Bubbles, and the Fiscal Theory of Price Level Determination

Bennett McCallum

6455: The Financial Accelerator in a Quantitative Business Cycle Framework

Ben Bernanke, Mark Gertler and Simon Gilchrist

6454: A Theory of Wage and Promotion Dynamics in Internal Labor Markets

Robert Gibbons and Michael Waldman

6453: Universal Service in the Digital Age: The Commercialization and Geography of U.S. Internet Access

Shane Greenstein

6452: Transparency and Credibility: Monetary Policy with Unobservable Goals

Jon Faust and Lars Svensson

6451: A Contracting-Theory Interpretation of the Origins of Federal Deposit Insurance

Edward Kane and Berry K. Wilson

6450: Assessing the Bias in the Consumer Price Index from Survey Data

Alan Krueger and Aaron Siskind

6449: Would Financial Incentives for Leaving Welfare Lead Some People to Stay on Welfare Longer? An Experimental Evaluation of 'Entry Effects' in the SSP

David Card, Philip Robins and Winston Lin

6448: Contracts, Intellectual Property Rights, and Multinational Investment in Developing Countries

James Markusen

6447: An International Comparison of Generational Accounts

Laurence Kotlikoff and Willi Leibfritz

6446: Meritocracy in America: An Examination of Wages Within and Across Occupations

John Cawley, James Heckman and Edward Vytlacil

6445: Cyclical Movements in Wages and Consumption in a Bargaining Model of Unemployment

Julio Rotemberg

6444: The Behavioral Economics of Smoking

Warren K. Bickel and Gregory J. Madden

6443: The Effects of Price Changes on Alcohol Consumption in Alcohol-Experienced Rats

Jeffrey Sarbaum, Solomon Polachek and Norman E. Spear

6442: Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory

Richard Clarida, Jordi Galí and Mark Gertler

6441: Capital Inflows into Latin America: A Stop-Go Story?

Sebastian Edwards

6440: Changing the Price of Pork: The Impact of Local Cost Sharing on Legislators' Demand for Distributive Public Goods

Alison F. DelRossi and Robert P. Inman

6439: Human Capital and Social Capital: The Rise of Secondary Schooling in America, 1910 to 1940

Claudia Goldin and Lawrence Katz

6438: Understanding the U.S. Export Boom

Andrew Bernard and J. Jensen

6437: The Induced Innovation Hypothesis and Energy-Saving Technological Change

Richard Newell, Adam Jaffe and Robert Stavins

6436: The Rise and Fall of a Barbarous Relic: The Role of Gold in the International Monetary SYstem

Michael Bordo and Barry Eichengreen

6435: The Tax Benefits of Not-for-Profit Hospitals

William Gentry and John R. Penrod

6434: Conditional Market Timing with Benchmark Investors

Connie Becker, Wayne Ferson, David Myers and Michael Schill

6433: Fundamental Tax Reform and Corporate Financial Policy

William Gentry and Robert Hubbard

6432: Demographic Differentials in the Demand for Alcohol and Illicit Drugs

Henry Saffer and Frank Chaloupka

6431: Regional Nonadjustment and Fiscal Policy: Lessons for EMU

Maurice Obstfeld and Giovanni Peri

6430: Opting Out of Social Security and Adverse Selection

Laurence Kotlikoff, Kent Smetters and Jan Walliser

6429: Market Potential, Increasing Returns, and Geographic Concentration

Gordon Hanson

6428: Social Security: Privatization and Progressivity

Laurence Kotlikoff, Kent Smetters and Jan Walliser

6427: Hedge Funds and the Asian Currency Crisis of 1997

Stephen Brown, William Goetzmann and James Park

6426: General Equilibrium Treatment Effects: A Study of Tuition Policy

James Heckman, Lance Lochner and Christopher Taber

6425: The Rise of Multiunit Firms in U.S. Manufacturing

Sukkoo Kim

6424: The Emergence of the Euro as an International Currency

Richard Portes and Helene Rey

6423: Does Spending on Medical Services Change as HMOs Grow and Mature?

Patricia Born and Rosalie Pacula