NBER Working Papers

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5889: A Distinctive System: Origins and Impact of U.S. Unemployment Compensation

Katherine Baicker, Claudia Goldin and Lawrence Katz

5888: Using Maimonides' Rule to Estimate the Effect of Class Size on Student Achievement

Joshua Angrist and Victor Lavy

5887: Business Groups and Trade in East Asia: Part 2, Product Variety

Robert Feenstra, Maria Yang and Gary G. Hamilton

5886: Business Groups and Trade in East Asia: Part 1, Networked Equilibria

Robert Feenstra, Deng-Shing Huang and Gary G. Hamilton

5885: Distributional Effects of Adopting a National Retail Sales Tax

Daniel Feenberg, Andrew W. Mitrusi and James Poterba

5884: Cost of Capital for the United States, Japan, and Canada: An Attempt at Measurement Based on Individual Company Records and Aggregate National Acccoun

Albert Ando, John Hancock and Gary Sawchuk

5883: Implications of the Great Depression for the Development of the International Monetary System

Michael Bordo and Barry Eichengreen

5882: A Portfolio Approach to a Cross-Sectoral and Cross-National Investment Strategy in Transition Economies

Willem Buiter, Ricardo Lago and Helene Rey

5881: The Rise and Decline of the American Ghetto

David Cutler, Edward Glaeser and Jacob Vigdor

5880: Manufacturing Plant Location: Does State Pollution Regulation Matter?

Wayne Gray

5879: Legal Determinants of External Finance

Rafael La Porta, Florencio Lopez- de-Silane, Andrei Shleifer and Robert Vishny

5878: The Segmentation of International Markets: Evidence from The Economist

Michael M. Knetter

5877: New Techniques to Extract Market Expectations from Financial Instruments

Paul Söderlind and Lars Svensson

5876: Monetary Shocks and Real Exchange Rates in Sticky Price Models of International Business Cycles

Varadarajan Chari, Patrick Kehoe and Ellen McGrattan

5875: An Optimizing IS-LM Specification for Monetary Policy and Business Cycle Analysis

Bennett McCallum and Edward Nelson

5874: Does the Nominal Exchange Rate Regime Matter?

Atish Ghosh, Anne-Marie Gulde, Jonathan Ostry and Holger C. Wolf

5873: Auction Theory: A Summary with Applications to Treasury Markets

Sanjiv Das and Rangarajan K. Sundaram

5872: The Generalized War of Attrition

Jeremy Bulow and Paul Klemperer

5871: Solow vs. Solow: Machine Prices and Development

Boyan Jovanovic and Rafael Rob

5870: Learning, Complementarities, and Asynchronous Use of Technology

Boyan Jovanovic and Dmitriy Stolyarov

5869: Does Regulation Affect Economic Outcomes?: The Case of Dentistry

Morris M. Kleiner and Robert T. Kudrle

5868: How Big Should Government Be?

Martin Feldstein

5867: Racism, Xenophobia or Markets? The Political Economy of Immigration Policy Prior to the Thirties

Ashley S. Timmer and Jeffrey Williamson

5866: Disability Insurance Benefits and Labor Supply

Jonathan Gruber

5865: Appropriate Technology and Growth

Susanto Basu and David Weil

5864: Trust in Large Organizations

Rafael La Porta, Florencio Lopez- de-Silane, Andrei Shleifer and Robert Vishny

5863: Do Borders Matter for Social Capital? Economic Growth and Civic Culture in U.S. States and Canadian Provinces

John Helliwell

5862: Goods Prices and Exchange Rates: What Have We Learned?

Pinelopi Goldberg and Michael M. Knetter

5861: An International Comparison of Employment Adjustment to Exchange Rate Fluctuations

Simon Burgess and Michael M. Knetter

5860: Fundamental Determinants of National Equity Market Returns: A Perspective on Conditional Asset Pricing

Wayne Ferson and Campbell Harvey

5859: The Characteristics of Multi-Unit Ownership in Franchising: Evidence from Fast-Food Restaurants in Texas

Arturs Kalnins and Francine Lafontaine

5858: Accounting for Outward Direct Investment from Hong Kong and Singapore: Who Controls What?

Linda Low, Eric Ramstetter and Wai Chung Henry Yeung

5857: Consumption and Portfolio Decisions When Expected Returns are Time Varying

John Campbell and Luis Viceira

5856: The Invisible Hand and the Grabbing Hand

Timothy Frye and Andrei Shleifer

5855: The Timing of Work Time Over Time

Daniel Hamermesh

5854: Effective Protection Redux

James Anderson

5853: Product Standards Coalitions in a Market Without Borders

Alessandra Casella

5852: Are Some Mutual Funds Managers Better Than Others? Cross-Sectional Patterns in Behavior and Performance

Judith Chevalier and Glenn Ellison

5851: Optimal Government Spending and Taxation in Endgenous Growth Models

Giancarlo Corsetti and Nouriel Roubini

5850: Tax Burden and Migration: A Political Economy Perspective

Assaf Razin and Efraim Sadka

5849: Bank Consolidation: A Central Banker's Perspective

Frederic Mishkin

5848: The Demise of Double Liability as an Optimal Contract for Large-Bank Stockholders

Berry K. Wilson and Edward Kane

5847: Infrastructure Capital and Economic Growth: How Well You Use It May Be More Important Than How Much You Have

Charles R. Hulten

5846: Manufactured Inequality

Sherwin Rosen

5845: Is There a Role for Monetary Aggregates in the Conduct of Monetary Policy?

Arturo Estrella and Frederic Mishkin

5844: Neoclassical vs. Endogenous Growth Analysis: An Overview

Bennett McCallum

5843: The Effects of Short-Term Variation in Abortion Funding on Pregnancy Outcomes

Philip J Cook, Allan M. Parnell, Michael J. Moore and Deanna Pagnini

5842: When Are Fixed Exchange Rates Really Fixed?

Andres Velasco

5841: Volatility and the Investment Response

Joshua Aizenman and Nancy Marion

5840: The Adoption of Workers' Compensation in the United States 1900-1930

Price Fishback and Shawn Kantor

5839: International Implications of German Unification

Hans-Werner Sinn

5838: Do Balanced Budget Rules Work? U.S. Experience and Possible Lessons for the EMU

Robert P. Inman

5837: You Can't Take It With You? Immigrant Assimilation and the Portability of Human Capital

Rachel Friedberg

5836: Computers and Productivity in France: Some Evidence

Nathalie Greenan and Jacques Mairesse

5835: On the Validity of Season of Birth as an Instrument in Wage Equations: A Comment on Angrist & Krueger's "Does Compulsory School Attendance Affect Scho

John Bound and David Jaeger

5834: Medicaid and Service Use Among Homeless Adults

Sherry Glied, Christina Hoven, Robert Moore and A. Garrett

5833: Research Productivity in a System of Universities

James Adams and Zvi Griliches

5832: Distributional Implications of Introducing a Broad-Based Consumption Tax

William Gentry and Robert Hubbard

5831: Health Insurance for Poor Women and Children in the U.S.: Lessons from the Past Decade

Jonathan Gruber

5830: Conditioning Manager Alphas on Economic Information: Another Look at the Persistence of Performance

Jon A. Christopherson, Wayne Ferson and Debra A. Glassman

5829: Continuous Training in Germany

Jorn-Steffen Pischke

5828: Institutions and Labor Reallocation

Giuseppe Bertola and Richard Rogerson

5827: Trade Reform with a Government Budget Constraint

James Anderson

5826: Taxation and Economic Growth

Eric M. Engen and Jonathan Skinner

5825: New Activities, the Welfare Cost of Uncertainty and Investment Policies

Joshua Aizenman

5824: Liberalization of Capital Flows in Korea: Big-Bang or Gradualism?

Dongchul Cho and Youngsun Koh

5823: Changes in Wage Inequality, 1970-1990

Jacob Mincer

5822: What We Know and Do Not Know About the Natural Rate of Unemployment

Olivier Blanchard and Lawrence Katz

5821: Inflation, Real Interest Rates, and the Bond Market: A Study of UK Nominal and Index-Linked Government Bond Prices

David Barr and John Campbell

5820: The Changing Structure of Cost and Demand for the U.S. Telecommunications Industry

M. Ishaq Nadiri and Banani Nandi

5819: The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan

Jun-Koo Kang, Yong-Cheol Kim and René Stulz

5818: The Myth of the Patient Japanese: Corporate Myopia and Financial Distress in Japan and the US

Brian J. Hall and David Weinstein

5817: Private and Public Supply of Liquidity

Bengt Holmstrom and Jean Tirole

5816: The Econometrics of Ultra-High Frequency Data

Robert Engle

5815: The Taxation of Pensions: A Shelter can Become a Trap

John B. Shoven and David Wise

5814: Financial and Capital Account Liberalization in the Pacific Basin: Korea and Taiwan during the 1980's

Menzie Chinn and William Maloney

5813: Alternate Insurance Arrangements and the Treatment of Depression: What Are the Facts?

Ernst R. Berndt, Richard G. Frank and Thomas G. McGuire

5812: The Productivity of Nations

Robert Hall and Charles Jones

5811: The Chilean Pension Reform: A Pioneering Program

Sebastian Edwards

5810: Balance Sheets, Multinational Financial Policy, and the Cost of Capital at Home and Abroad

Rosanne Altshuler and Harry Grubert

5809: Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?

Varadarajan Chari, Patrick Kehoe and Ellen McGrattan

5808: Firm Heterogeneity, Jobs, and International Trade: Evidence from Chile

James Levinsohn

5807: The Effect of Teen Childbearing and Single Parenthood on Childhood Disabilities and Progress in School

Joshua Angrist and Victor Lavy

5806: Sources of Convergence in the Late Nineteenth Century

Alan Taylor

5805: Does Head Start Help Hispanic Children?

Janet Currie and Duncan Thomas

5804: Sticky Price and Limited Participation Models of Money: A Comparison

Lawrence Christiano, Martin Eichenbaum and Charles Evans

5803: Effort, Wages and the International Division of Labor

Edward Leamer

5802: What Happens Within Firms? A Survey of Empirical Evidence on Compensation Policies

Canice Prendergast

5801: International R&D Spillovers, Trade and Productivity in Major OECD Countries

M. Ishaq Nadiri and Seongjun Kim

5800: Are Knowledge Spillovers International or Intranational in Scope? Microeconometric Evidence from the Japan and the United States

Lee Branstetter

5799: Australia's Retirement Income System: Implications for Saving and Capital Markets

Malcolm Edey and John Simon

5798: Convergence and International Factor Flows in Theory and History

Alan Taylor

5797: Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets

Lars Svensson

5796: Paying for Health Insurance: The Tradeoff between Competition and Adverse Selection

David Cutler and Sarah Reber

5795: Star Scientists, Institutions, and the Entry of Japanese Biotechnology Enterprises

Michael Darby and Lynne Zucker

5794: A Tale of Two Crises: Chile and Mexico

Sebastian Edwards

5793: Inflation and the Distribution of Price Changes

Michael F. Bryan and Stephen Cecchetti

5792: Understanding Equilibrium Models with a Small and a Large Number of Agents

Wouter J. Den Haan

5791: Current Account Sustainability: Selected East Asian and Latin American Experiences

Gian Maria Milesi-Ferretti and Assaf Razin

5790: Index Number and Factor Demand Approaches to the Estimation of Productivity

David H. Good, M. Ishaq Nadiri and Robin Sickles