NBER Working Papers

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5206: Property and Casualty Solvency Funds as a Tax and Social Insurance System

James Bohn and Brian J. Hall

5205: A Positive Model of Growth and Pollution Controls

Larry Jones and Rodolfo Manuelli

5204: Price Level Determinacy Without Control of a Monetary Aggregate

Michael Woodford

5203: What Can Explain the Apparent Lack of International Consumption Risk Sharing?

Karen Lewis

5202: The Decline of Non-Competing Groups: Changes in the Premium to Education, 1890 to 1940

Claudia Goldin and Lawrence Katz

5201: The Incidence of a Firm-Varying Payroll Tax: The Case of Unemployment Insurance

Patricia Anderson and Bruce Meyer

5200: An Empirical Analysis of Alcohol Addiction: Results from the Monitoring the Future Panels

Michael Grossman, Frank Chaloupka and Ismail Sirtalan

5199: Collaboration Structure and Information Dilemmas in Biotechnology: Organizational Boundaries as Trust Production

Lynne Zucker, Michael Darby, Marilynn B. Brewer and Yusheng Peng

5198: On the Ills of Adjustment

Ricardo Caballero and Mohamad L. Hammour

5197: Real Effects of Exchange Rate-Based Stabilization: An Analysis of Competing Theories

Sergio Rebelo and Carlos Vegh

5196: Choosing a Dictator: Bureaucracy and Welfare in Less Developed Polities

James Rauch

5195: Alcohol Policies and Highway Vehicle Fatalities

Christopher Ruhm

5194: How Important is Precautionary Saving?

Christopher Carroll and Andrew Samwick

5193: The Nature of Precautionary Wealth

Christopher Carroll and Andrew Samwick

5192: Estimating the Labor Market Impact of Voluntary Military Service Using Social Security Data on Military Applicants

Joshua Angrist

5191: The Mirage of Fixed Exchange Rates

Maurice Obstfeld and Kenneth Rogoff

5190: Why are Retirement Rates So High at Age 65?

Robin L. Lumsdaine, James Stock and David Wise

5189: Taxation and Corporate Investment: The Impact of the 1991 Swedish Tax Reform

Alan Auerbach, Kevin Hassett and Jan Södersten

5188: Career and Family: College Women Look to the Past

Claudia Goldin

5187: Strategic Trading in a Two-Sided Foreign Exchange Auction

Linda Goldberg and Rafael Tenorio

5186: Improving the Accessibility of the NBER's Historical Data

Daniel Feenberg and Jeffrey Miron

5185: The Impact of Imigration on American Labor Markets Prior to the Quotas

Timothy J. Hutton and Jeffrey Williamson

5184: Mortgage Default and Low Downpayment Loans: The Costs of Public Subsidy

Yongheng Deng, John Quigley and Robert Van Order

5183: House Prices and Home Owner Saving Behavior

Gary V. Engelhardt

5182: Housing Price Dynamics Within a Metropolitan Area

Karl Case and Christopher Mayer

5181: Residential Mobility and Mortgages

Sewin Chan

5180: The Effect of Income and Collateral Constraints on Residential Mortgage Terminations

Wayne Archer, David Ling and Gary A. McGill

5179: Expectations, Efficiency, and Euphoria in the Housing Market

Dennis Capozza and Paul J. Seguin

5178: Risk-Based Capital Standards and the Riskiness of Bank Portfolios: Credit and Factor Risks

Steven R. Grenadier and Brian J. Hall

5177: In Search of Empirical Evidence that Links Rent and User Cost

Dixie M. Blackley and James R. Follain

5176: Should the Stagnant Homeownership Rate be a Source of Concern?

Richard Green

5175: Nontraded Goods, Nontraded Factors, and International Non-Diversification

Marianne Baxter, Urban Jermann and Robert King

5174: Is an Integrated Regional Labor Market Emergin in East and Southeast Asia?

David Bloom and Waseen Noor

5173: The Seasonality of Consumer Prices

Michael F. Bryan and Stephen Cecchetti

5172: The Term Structure of Interest Rates in a Pure Exchange Economy with Heterogeneous Investors

Jiang Wang

5171: Tax Shelters and Passive Losses After the Tax Reform Act of 1986

Andrew Samwick

5170: Industry or Class Cleavages over Trade Policy? Evidence from the BritishGeneral Election of 1923

Douglas Irwin

5169: Worker Adaptation and Employer Accommodation Following the Onset of a Health Impairment

Mary Daly and John Bound

5168: Protection and the Business Cycle

Kyle Bagwell and Robert Staiger

5167: The Limits of Arbitrage

Andrei Shleifer and Robert Vishny

5166: Why Is There a Home Bias? An Analysis of Foreign Portfolio Equity Ownership in Japan

Jun-Koo Kang and René Stulz

5165: Leverage, Investment, and Firm Growth

Larry Lang, Eli Ofek and René Stulz

5164: Rising Public College Tuition and College Entry: How Well Do Public Subsidies Promote Access to College?

Thomas J. Kane

5163: Are Ghettos Good or Bad?

David Cutler and Edward Glaeser

5162: Cyclical versus Secular Movements in Employment Creation and Destruction

Randall Eberts and Edward Montgomery

5161: Inflation Indicators and Inflation Policy

Stephen Cecchetti

5160: Why is there Multilateral Lending?

Dani Rodrik

5159: Race and Education Differences in Disability Status and Labor Force Attachment

John Bound, Michael Schoenbaum and Timothy Waidmann

5158: Labor Supply Response to the Earned Income Tax Credit

Nada Eissa and Jeffrey Liebman

5157: Consumer Product Safety Regulation in the United States and the United Kingdom: The Case of Bicycles

Wesley A. Magat and Michael J. Moore

5156: Liberalized Portfolio Capital Inflows in Emerging Capital Markets: Sterilization, Expectations, and the Incompleteness of Interest Rate Convergence

Jeffrey Frankel and Chudozie Okongwu

5155: The Taxation of Two Earner Families

Martin Feldstein and Daniel Feenberg

5154: What do the VARs Mean?: Measuring the Output Effects of Monetary Policy

John Cochrane

5153: Death and Tobacco Taxes

Michael J. Moore

5152: Habit and Heterogeneity in the Youthful Demand for Alcohol

Michael J. Moore and Philip J Cook

5151: Technological Diffusion, Convergence, and Growth

Robert Barro and Xavier Sala-i-Martin

5150: Would Reducing Tenure Probabilities Increase Faculty Salaries?

Ronald Ehrenberg, Paul Pieper and Rachel A. Willis

5149: Does Welfare Play Any Role in Female Headship Decisions?

Hilary Hoynes

5148: Does the AIDS Epidemic Really Threaten Economic Growth?

David Bloom and Ajay Mahal

5147: Tax Subsidies to Employer-Provided Health Insurance

Jonathan Gruber and James Poterba

5146: Inside the Black Box: The Credit Channel of Monetary Policy Transmission

Ben Bernanke and Mark Gertler

5145: Measuring Monetary Policy

Ben Bernanke and Ilian Mihov

5144: Intraschool Variation in Class Size: Patterns and Implications

Michael Boozer and Cecilia Rouse

5143: The Paradox of Liquidity

Stewart C. Myers and Raghuram Rajan

5142: The Collapse of the Mexican Peso: What Have We Learned?

Jeffrey Sachs, Aaron Tornell and Andres Velasco

5141: Economic Implications of Changing Share Ownership

Benjamin M. Friedman

5140: A Center-Periphery Model of Monetary Coordination and Exchange Rate Crises

Willem Buiter, Giancarlo Corsetti and Paolo Pesenti

5139: Investment, Pass-Through and Exchange Rates: A Cross-Country Comparison

Jose Campa and Linda Goldberg

5138: How Much Better is Bigger, Faster & Cheaper? Buyer Benefits from Innovation in Mainframe Computers in the 1980s

Ken Brown and Shane Greenstein

5137: Do Labor Rents Justify Strategic Trade and Industrial Policy?

William T. Dickens

5136: How Does Privatization Work? Evidence from the Russian Shops

Nicholas Barberis, Maxim Boycko, Andrei Shleifer and Natalia Tsukanova

5135: Factor Mobility and Income Growth: Two Convergence Hypotheses

Assaf Razin and Chi-Wa Yuen

5134: The Relationship between State and Federal Tax Audits

James Alm, Brian Erard and Jonathan Feinstein

5133: Measuring Gross Worker and Job Flows

Steven Davis and John Haltiwanger

5132: The Law of One Price Over 700 Years

Kenneth Froot, Michael Kim and Kenneth Rogoff

5131: Sovereign Debt

Jonathan Eaton and Raquel Fernandez

5130: Financial Intermediation and The Great Depression: A Multiple Equilibrium Interpretation

Russell Cooper and João Ejarque

5129: Testing Option Pricing Models

David S. Bates

5128: GARCH Gamma

Robert Engle and Joshua Rosenberg

5127: Are Lots of College Graduates Taking High School Jobs? A Reconsiderationof the Evidence

John Tyler, Richard Murnane and Frank Levy

5126: Differential Mortality and Wealth Accumulation

Orazio Attanasio and Hilary Hoynes

5125: Capital Utilization and Returns to Scale

Craig Burnside, Martin Eichenbaum and Sergio Rebelo

5124: The Role of Pre-Market Factors in Black-White Wage Differences

Derek Neal and William Johnson

5123: Employment, Unemployment, and Problem Drinking

John Mullahy and Jody L. Sindelar

5122: Foreign Direct Investment and Relative Wages: Evidence from Mexico's Maquiladoras

Robert Feenstra and Gordon Hanson

5121: Foreign Investment, Outsourcing and Relative Wages

Robert Feenstra and Gordon Hanson

5120: Capital Mobility, Fiscal Policy and Growth under Self-Financing of Human Capital Formation

Willem Buiter and Kenneth Kletzer

5119: The Effect of Prison Population Size on Crime Rates: Evidence From Prison Overcrowding Litigation

Steven Levitt

5118: Effects of Air Quality Regulation

J. Vernon Henderson

5117: Costs of Environmentally Motivated Taxes in the Presence of Other Taxes:General Equilibrium Analyses

Lans Bovenberg and Lawrence H. Goulder

5116: Economics of the Generation and Management of Municipal Solid Waste

David N. Beede and David Bloom

5115: A Provincial View of Capital Mobility

Tamim Bayoumi and Michael Klein

5114: A Heckscher-Ohlin View of Sweden Competing in the Global Market

Edward Leamer and Per Lundborg

5113: Privatization in the United States

Florencio Lopez- de-Silane, Andrei Shleifer and Robert Vishny

5112: Open Economy Forces and Late 19th Century Scandinavian Catch-Up

Kevin O'Rourke and Jeffrey Williamson

5111: What is the Value-Added for Large U.S. Banks in Offering Mutual Funds?

Edward Kane

5110: Trade, Technology, and Wage Inequality

Gordon Hanson and Ann Harrison

5109: American Fiscal Policy in the 1990's

Herschel Grossman

5108: Fixed versus Flexible Exchange Rates: Which Provides More Fiscal Discipline?

Aaron Tornell and Andres Velasco

5107: Technological Change and the Skill Acquisition of Young Workers

Ann P. Bartel and Nachum Sicherman