NBER Working Papers

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6175: Ethnicity and the Intergenerational Transmission of Welfare Dependency

George Borjas and Glenn T. Sueyoshi

6174: Real Exchange Rate Misalignments and Growth

Ofair Razin and Susan M. Collins

6173: Taxes, Organizational Form, and the Deadweight Loss of the Corporate Income Tax

Austan Goolsbee

6172: The Main Bank System and Corporate Investment: An Empirical Reassessment

Fumio Hayashi

6171: Pensions and the Distribution of Wealth

Kathleen McGarry and Andrew Davenport

6170: Price Stability vs. Low Inflation in Germany: An Analysis of Costs and Benefits

Karl-Heinz Todter and Gerhard Ziebarth

6169: Social Security and Retirement in Belgium

Pierre Pestieau and Jean-Philippe Stijns

6168: What Happens When Countries Peg Their Exchange Rates? (The Real Side of Monetary Reforms)

Sergio Rebelo

6167: The Transition in East Germany: When is a Ten Point Fall in the Gender Wage Gap Bad News?

Jennifer Hunt

6166: Implications of Skill-Biased Technological Change: International Evidence

Eli Berman, John Bound and Stephen Machin

6165: Mexico's 1994 Exchange Rate Crisis Interpreted in Light of the Non-Traded Model

Andrew Warner

6164: Selection, Marketing, and Medicaid Managed Care

Sherry Glied, Jane Sisk, Sheila Gorman and Michael Ganz

6163: Economic Integration and Political Disintegration

Alberto Alesina, Enrico Spolaore and Romain Wacziarg

6162: Is Real Exchange Rate Mean Reversion Caused By Arbitrage?

Jose Campa and Holger C. Wolf

6161: Does Favorable Tax-Treatment of Housing Reduce Equipment Investment?

Ben Broadbent and Michael Kremer

6160: Effects of Air Quality Regulation on in Polluting Industries

Randy Becker and J. Vernon Henderson

6159: Beyond Balanced Growth

Piyabha Kongsamut, Sergio Rebelo and Danyang Xie

6158: Optimal Risk Management Using Options

Dong-Hyun Ahn, Jacob Boudoukh, Matthew Richardson and Robert F. Whitelaw

6157: Inflation Forecasts and Monetary Policy

Ben Bernanke and Michael Woodford

6156: Social Security and Retirement in Japan

Takashi Oshio and Naohiro Yashiro

6155: Social Security and Retirement in Italy

Agar Brugiavini

6154: Pensions and Retirement in the UK

Richard Blundell and Paul Johnson

6153: Social Security and Retirement in Germany

Axel Borsch-Supan and Reinhold Schnabel

6152: Evaluating Trade Reform Using Ex-Post Criteria

Jiandong Ju and Kala Krishna

6151: Why do Economists Disagree About Policy?

Victor Fuchs, Alan Krueger and James Poterba

6150: The Political Economy of the European Economic and Monetary Union: Political Sources of an Economic Liability

Martin Feldstein

6149: Transition to a Fully Funded Pension System: Five Economic Issues

Martin Feldstein

6148: The Mix and Scale of Factors with Irreversibility and Fixed Costs of Investment

Andrew Abel and Janice Eberly

6147: "Peso Problem" Explanations for Term Structure Anomalies

Geert Bekaert, Robert Hodrick and David Marshall

6146: Observations and Conjectures on the U.S. Employment Miracle

Alan Krueger and Jorn-Steffen Pischke

6145: How Costly is Financial (not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed

Gregor Andrade and Steven Kaplan

6144: Why the United States Led in Education: Lessons from Secondary School Expansion, 1910 to 1940

Claudia Goldin and Lawrence Katz

6143: The Objectives of the FDA's Office of Generic Drugs

Fiona Scott Morton

6142: Adapting to Circumstances: The Evolution of Work, School, and Living Arrangements Among North American Youth

David Card and Thomas Lemieux

6141: What Drives Public Employment?

Dani Rodrik

6140: Managed Care and the Growth of Medical Expenditures

David Cutler and Louise Sheiner

6139: Why Did the SSI-Disabled Program Grow So Much? Disentangling the Effect of Medicaid

Aaron Yelowitz

6138: Comparison Utility in a Growth Model

Christopher Carroll, Jody Overland and David Weil

6137: Social Security, Occupational Pensions, and Retirement in Sweden

Mårten Palme and Ingemar Svensson

6136: Social Security and Retirement in Spain

Michele Boldrin, Sergi Jimenez-Martni and Franco Peracchi

6135: Social Security and Retirement in The Netherlands

Arie Kapteyn and Klaas de Vos

6134: Social Security Programs and Retirement Around the World: Introduction and Summary of Papers by

Jonathan Gruber and David Wise

6133: Human Capital, Unemployment, and Relative Wages in a Global Economy

Donald Davis and Trevor A. Reeve

6132: Cohort Patterns in Canadian Earnings: Assessing the Role of Skill Premia in Inequality Trends

Paul Beaudry and David Green

6131: Openness, Specialization, and Productivity Growth in Less Developed Countries

Diana Weinhold and James Rauch

6130: Nonparametric Risk Management and Implied Risk Aversion

Yacine Ait-Sahalia and Andrew Lo

6129: Measuring, Forecasting and Explaining Time Varying Liquidity in the Stock Market

Robert Engle and Joe Lange

6128: Specification Analysis of Affine Term Structure Models

Qiang Dai and Kenneth Singleton

6127: Do Minimum Wages Fight Poverty?

David Neumark and William Wascher

6126: Inflation Targeting: Lessons from Four Countries

Frederic Mishkin and Adam Posen

6125: The Effect of U.S. Supreme Court Ruling Sullivan v. Zebley on Child SSI and AFDC Enrollment

A. Garrett and Sherry Glied

6124: Dynamic Modeling of the Product Life Cycle in the Commercial Mainframe Computer Market, 1968-1982

Shane Greenstein and James B. Wade

6123: Controlled Openness and Foreign Direct Investment

Joshua Aizenman and Sang-Seung Yi

6122: Strategies for Controlling Inflation

Frederic Mishkin

6121: Estimation of Cross-Country Differences in Industry

James Harrigan

6120: How to Compete: The Impact of Workplace Practices and Information Technology on Productivity

Sandra Black and Lisa Lynch

6119: Quantifying the Current U.S. Fiscal Imbalance

Alan Auerbach

6118: Why are Worker Cooperatives So Rare?

Michael Kremer

6117: Misconceptions and Political Outcomes

David Romer

6116: Taxed Avoidance: American Participation in Unsanctioned International Boycotts

James Hines

6115: Violations of the `Rules of the Game' and the Credibility of the Classical Gold Standard, 1880-1914

Michael Bordo and Ronald MacDonald

6114: The Medical Costs of The Young and Old: A Forty Year Perspective

David Cutler and Ellen Meara

6113: Trade and Transmission of Technology

Wolfgang Keller

6112: Interests, Institutions, and Ideology in the Republican Conversion to Trade Liberalization, 1934-1945

Douglas Irwin and Randall S. Kroszner

6111: Minimum Wages and Youth Employment in France and the United States

John Abowd, Francis Kramarz, Thomas Lemieux and David Margolis

6110: The Costs of Hiring and Separations

John Abowd and Francis Kramarz

6109: Internal and External Labor Markets: An Analysis of Matched Longitudinal Employer-Employee Data

John Abowd and Francis Kramarz

6108: The Usual Suspects? Productivity and Demand Shocks and Asia-Pacific Real Exchange Rates

Menzie Chinn

6107: Adverse Selection in Health Insurance

David Cutler and Richard Zeckhauser

6106: Income, Schooling, and Ability: Evidence from a New Sample of Identical Twins

Orley Ashenfelter and Cecilia Rouse

6105: The Sensitivity of Experimental Impact Estimates: Evidence from the National JTPA Study

James Heckman and Jeffrey Smith

6104: An Empirical Investigation of Firms' Responses to Minimum Standards Regulations

Tasneem Chipty and Ann Dryden Witte

6103: Saving, Investment, and Gold: A Reassessment of Historical Current Account Data

Matthew T. Jones and Maurice Obstfeld

6102: The Rising Well-Being of the Young

David Blanchflower and Andrew Oswald

6101: R&D and Productivity: The International Connection

Elhanan Helpman

6100: Changes Over Time in Union Relative Wage Effects in Great Britain and the United States

David Blanchflower

6099: The Structure of Firm R&D and the Factor Intensity of Production

James Adams

6098: The Risk and Return from Factors

Louis K. C. Chan, Jason Karceski and Josef Lakonishok

6097: Social Security and Retirement in the U.S

Peter Diamond and Jonathan Gruber

6096: International Trade and Structural Change

Dan Ben-David and David Papell

6095: Free Trade, Growth, and Convergence

Dan Ben-David and Michael Loewy

6094: Financial Fragility and the Great Depression

Russell Cooper and P. Dean Corbae

6093: Economic Geography and Reginal Production Structure: An Empirical Investigation

Donald Davis and David Weinstein

6092: Monetary Policy in Japan, Germany and the United States: Does One Size Fit All?

Menzie Chinn and Michael Dooley

6091: Environmental Controls, Scarcity Rents, and Pre-Existing Distortions

Don Fullerton and Gilbert Metcalf

6090: Tariff Policy for a Monopolist Under Incomplete Information

Dobrin R. Kolev and Thomas Prusa

6089: "The Bigger They Are, The Harder They Fall": How Price Differences Across U.S. Cities Are Arbitraged

Paul G. J. O'Connell and Shang-Jin Wei

6088: Age Discrimination Laws and Labor Market Efficiency

David Neumark and Wendy A. Stock

6087: Physician Fee Policy and Medicaid Program Costs

Jonathan Gruber, Kathleen Adams and Joseph Newhouse

6086: Contract Renegotiation in Agency Problems

Aaron Edlin and Benjamin Hermalin

6085: Education and Saving: The Long-Term Effects of High School Financial Curriculum Mandates

B. Douglas Bernheim, Daniel M. Garrett and Dean M. Maki

6084: Rational Atrophy: The US Steel Industry

Aaron Tornell

6083: Business Success and Businesses' Beauty Capital

Ciska M. Bosman, Gerard Pfann, Jeff Biddle and Daniel Hamermesh

6082: Teen Drinking and Education Attainment: Evidence From Two-Sample Instrumental Variables (TSIV) Estimates

Thomas Dee and William Evans

6081: Unemployment Expectations, Jumping (S,s) Triggers, and Household Balance Sheets

Christopher Carroll and Wendy E. Dunn

6080: Contagion and Volatility with Imperfect Credit Markets

Pierre-Richard Agénor and Joshua Aizenman

6079: From Socialist Showcase to Mezzogiorno? Lessons on the Role of Technical Change from East Germany's Post-World War II Growth Performance

Wolfgang Keller

6078: Gender and Youth Employment Outcomes: The US and West Germany, 1984-91

Francine Blau and Lawrence Kahn

6077: Merger Policies and Trade Liberalization

Henrik Horn and James Levinsohn

6076: The Home Market, Trade, and Industrial Structure

Donald Davis