NBER Working Papers

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6557: International Trade and Per Capita Income Convergence: A Difference-in-Differences Analysis

Matthew J. Slaughter

6556: Subsidiarity and the European Union

Robert P. Inman and Daniel L. Rubinfeld

6555: Macroeconomic Policy and Institutions During the Transition to European Union Membership

William Branson, Jorge Braga de Macedo and Juergen von Hagen

6554: Parental Leave and Child Health

Christopher Ruhm

6553: Bad News Travels Slowly: Size, Analyst Coverage and the Profitability of Momentum Strategies

Harrison Hong, Terence Lim and Jeremy Stein

6552: Moral Hazard in Home Equity Conversion

Robert Shiller and Allan N. Weiss

6551: Adjusting to a New Technology: Experience and Training

Elhanan Helpman and Antonio Rangel

6550: Were the Good Old Days That Good? Changes in Managerial Stock Ownership Since the Great Depression

Clifford G. Holderness, Randall S. Kroszner and Dennis P. Sheehan

6549: Why Do the Rich Save So Much?

Christopher Carroll

6548: The Effect of Old Age Assistance on Retirement

Leora Friedberg

6547: The Rise in Old Age Longevity and the Market for Long-Term Care

Darius Lakdawalla and Tomas Philipson

6546: A Distributional Analysis of an Environmental Tax Shift

Gilbert Metcalf

6545: Open-Economy Inflation Targeting

Lars Svensson

6544: Incentive Contracting and the Franchise Decision

Francine Lafontaine and Margaret Slade

6543: Forward-Looking Rules for Monetary Policy

Andrew Haldane and Nicoletta Batini

6542: Evaluating the Welfare State

James Heckman and Jeffrey Smith

6541: An Examination of Gender and Race Differences in Youth Smoking Responsiveness to Price and Tobacco Control Policies

Frank Chaloupka and Rosalie Pacula

6540: Maintaining Social Security Benefits and Tax Rates through Personal Retirement Accounts: An Update Based on the 1998 Social Security Trustees Report

Martin Feldstein and Andrew Samwick

6539: A Re-Examination of the Conglomerate Merger Wave in the 1960s: An Internal Capital Markets View

Robert Hubbard and Darius Palia

6538: Export Entry and Exit by German Firms

Andrew Bernard and Joachim Wagner

6537: The Shaping of Higher Education: The Formative Years in the United States, 1890 to 1940

Claudia Goldin and Lawrence Katz

6536: The Effects of Minimum Wages on the Distribution of Family Incomes: A Non-Parametric Analysis

David Neumark, Mark Schweitzer and William Wascher

6535: Diversity and Immigration

Edward Lazear

6534: New Evidence on Pensions, Social Security, and the Timing of Retirement

Andrew Samwick

6533: Taxation and the Sources of Growth: Estimates from United States Multinational Corporations

Jason Cummins

6532: Does Government R&D Policy Mainly Benefit Scientists and Engineers?

Austan Goolsbee

6531: What Determines Individual Trade Policy Preferences?

Kenneth F. Scheve and Matthew J. Slaughter

6530: Capital Flows to Emerging Markets: Liberalization, Overshooting, and Volatility

Philippe Bacchetta and Eric van Wincoop

6529: On Theories Explaining the Success of the Gravity Equation

Simon Evenett and Wolfgang Keller

6528: Business Cycle Fluctuations in U.S. Macroeconomic Time Series

James Stock and Mark Watson

6527: Medicaid Expansions and The Crowding Out of Private Health Insurance

Esel Y. Yazici and Robert Kaestner

6526: Investment Subsidies and Wages in Capital Goods Industries: To the Workers Go the Spoils?

Austan Goolsbee

6525: Taxes and Investment in Annuities

William Gentry and Joseph Milano

6524: Privatization in Emerging Markets

Joshua Aizenman

6523: Managed Care Provider Volume

Sarah Feldman and David Scharfstein

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