NBER Working Papers

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5422: How Well do Foreign Exchange Markets Function: Might a Tobin Tax Help?

Jeffrey Frankel

5421: Tariff Phase-Outs: Theory and Evidence from GATT and NAFTA

Carsten Kowalczyk and Donald Davis

5420: A Computable General Equilibrium Model of Intergovernmental Aid

Thomas Nechyba

5419: Local Property and State Income Taxes: The Role of Interjurisdictional Competition and Collusion

Thomas Nechyba

5418: The Effect of Pharmaceutical Utilization and Innovation on Hospitalization and Mortality

Frank Lichtenberg

5417: Wage Dispersion and Technical Progress

Pierre-Richard Agénor and Joshua Aizenman

5416: Testing for Trade-Induced Investment-Led Growth

Richard Baldwin and Elena Seghezza

5415: Whither Flat Panel Displays?

Kala Krishna and Marie Thursby

5414: The Poverty of Nations: A Quantitative Exploration

Varadarajan Chari, Patrick Kehoe and Ellen McGrattan

5413: The Missing Piece in Policy Analysis: Social Security Reform

Martin Feldstein

5412: Trends in Regional Inequality in China

Tianlun Jian, Jeffrey D. Sachs and Andrew Warner

5411: The Principle and Market Failure in Systems Competition

Hans-Werner Sinn

5410: Consumption, Stock Returns, and the Gains from International Risk-Sharing

Karen Lewis

5409: Cause-Specific Mortality among Medicare Enrollees

Jay Bhattacharya, Alan M. Garber and Thomas MaCurdy

5408: High Yields: The Spread on German Interest Rates

Carlo Favero, Francesco Giavazzi and Luigi Spaventa

5407: Public Sector Deficits and Macroeconomic Stability in Developing Countries

Sebastian Edwards

5406: Schooling and Labor Market Consequences of the 1970 State Abortion Reforms

Joshua Angrist and William Evans

5405: The Determinants and Impact of Property Rights: Land Titles on the Brazilian Frontier

Lee Alston, Gary Libecap and Robert Schneider

5404: Reforms in Eastern Europe and the Former Soviet Union in Light of the East Asian Experiences

Jeffrey D. Sachs

5403: Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach

Kenneth Froot and Jeremy Stein

5402: Do "Shortages" Cause Inflation?

Owen Lamont

5401: International R&D Spillovers between Canadian and Japanese Industries

Jeffrey Bernstein and Xiaoyi Yan

5400: The Effects of Offshore Assembly on Industry Location: Evidence from U.S. Border Cities

Gordon Hanson

5399: Schooling, Labor Force Quality, and Economic Growth

Eric Hanushek and Dongwook Kim

5398: Natural Resource Abundance and Economic Growth

Jeffrey D. Sachs and Andrew Warner

5397: The Effect of a Consumption Tax on the Rate of Interest

Martin Feldstein

5396: The Tyranny of Inequality

Raghuram Rajan and Luigi Zingales

5395: Regional Patterns in the Law of One Price: The Roles of Geography vs. Currencies

Charles Engel and John Rogers

5394: Accounting for U.S. Real Exchange Rate Changes

Charles Engel

5393: Employer Size and The Wage Structure in U.S. Manufacturing

Steven Davis and John Haltiwanger

5392: Around the European Periphery 1870-1913: Globalization, Schooling and Growth

Kevin O'Rourke and Jeffrey Williamson

5391: How Tax Complexity and Enforcement Affect the Equity and Efficiency of The Income Tax

Louis Kaplow

5390: Climbing Out of Poverty, Falling Back In: Measuring the Persistence of Poverty over Multiple Spells

Ann Stevens

5389: Changes in the Distribution of Wages, 1940-1950: The Public vs. the Private Sector

Robert Margo and T. Aldrich Finegan

5388: Do Children of Immigrants Make Differential Use of Public Health Insurance?

Janet Currie

5387: Sampling Errors and Confidence Intervals for Order Statistics: Implementing the Family Support Act

William Horrace, Peter Schmidt and Ann Dryden Witte

5386: Volatility, Investment and Disappointment Aversion

Joshua Aizenman and Nancy Marion

5385: Internationalized Production in World Output

Robert Lipsey, Magnus Blomstrom and Eric Ramstetter

5384: Capital Structure Choice when Managers are in Control: Entrenchment versus Efficiency

Walter Novaes and Luigi Zingales

5383: Learning and Growth

Boyan Jovanovic

5382: Aggregate Productivity and the Productivity of Aggregates

Susanto Basu and John Fernald

5381: Turning Points in the Civil War: Views from the Greenback Market

Kristen L. Willard, Timothy Guinnane and Harvey Rosen

5380: Why Have Separate Environmental Taxes?

Don Fullerton

5379: Predicting U.S. Recessions: Financial Variables as Leading Indicators

Arturo Estrella and Frederic Mishkin

5378: Parental Altruism and Inter Vivos Transfers: Theory and Evidence

Joseph Altonji, Fumio Hayashi and Laurence Kotlikoff

5377: Determinants of Bilateral Trade: Does Gravity Work in a Neoclassical World?

Alan Deardorff

5376: Heterogeneous Expectations and Tests of Efficiency in the Yen/Dollar Forward Foreign Exchange Rate Market

Graham Elliott and Takatoshi Ito

5375: Momentum Strategies

Louis K. C. Chan, Narasimhan Jegadeesh and Josef Lakonishok

5374: A Cross-Market Comparison of Institutional Equity Trading Costs

Louis K. C. Chan and Josef Lakonishok

5373: Social Construction of Trust to Protect Ideas and Data in Space Science and Geophysics

Lynne Zucker and Michael Darby

5372: Immigration and the Welfare State: Immigrant Participation in Means- Tested Entitlement Programs

George Borjas and Lynette Hilton

5371: Real Versus Pseudo-International Systemic Risk: Some Lessons from History

Michael Bordo, Bruce Mizrach and Anna Schwartz

5370: The Effect of Increased Tax Rates on Taxable Income and Economic Efficiency: A Preliminary Analysis of the 1993 Tax Rate Increases

Martin Feldstein and Daniel Feenberg

5369: Education Finance Reform and Investment in Human Capital: Lessons from California

Raquel Fernandez and Richard Rogerson

5368: Strikes and the Law in the U.S., 1881-1894: New Evidence on the Origins of American Exceptionalism

Janet Currie and Joseph Ferrie

5367: Why Do Companies Go Public? An Empirical Analysis

Marco Pagano, Fabio Panetta and Luigi Zingales

5366: Beauty, Productivity and Discrimination: Lawyers' Looks and Lucre

Jeff Biddle and Daniel Hamermesh

5365: Large Countries, Small Countries, and the Enlargement of Trade Blocs

Alessandra Casella

5364: Investment Creation and Investment Diversion: Simulation Analysis of theSingle Market Programme

Richard Baldwin, Rikard Forslid and Jan Haaland

5363: The Effects of Irreversibility and Uncertainty on Capital Accumulation

Andrew Abel and Janice Eberly

5362: Privatizing Social Security: First Round Effects of a Generic, VoluntaryPrivatized U.S. Social Security System

Alan Gustman and Thomas L. Steinmeier

5361: Optimal Buffer Stocks and Precautionary Savings with Disappointment Aversion

Joshua Aizenman

5360: HMOs and Fee-For-Service Health Care Expenditures: Evidence from Medicare

Laurence C. Baker

5359: Causes and Consequences of the Export Enhancement Program for Wheat

Pinelopi Goldberg and Michael M. Knetter

5358: Explaining Asset Bubbles in Japan

Takatoshi Ito and Tokuo Iwaisako

5357: Predation and Accumulation

Herschel Grossman and Minseong Kim

5356: The Effects of HMOs on Conventional Insurance Premiums: Theory and Evidence

Laurence C. Baker and Kenneth Corts

5355: Technology, Trade, and Factor Prices

Paul Krugman

5354: State Reproductive Policies and Adolescent Pregnancy Resolution: The Case of Parental Involvement Laws

Ted Joyce and Robert Kaestner

5353: The Effect of Catholic Secondary Schooling on Educational Attainment

Derek Neal

5352: A Survey of Academic Literature on Controls over International Capital Transactions

Michael Dooley

5351: Nonparametric Estimation of State-Price Densities Implicit in Financial Asset Prices

Yacine Ait-Sahalia and Andrew Lo

5350: Humps and Bumps in Lifetime Consumption

Orazio Attanasio, James Banks, Costas Meghir and Guglielmo Weber

5349: CARWARS: Trying to Make Sense of U.S.-Japan Trade Frictions in the Automobile and Automobile Parts Markets

James Levinsohn

5348: The Discovery of the Residual: An Historical Note

Zvi Griliches

5347: Financial Repression and Capital Mobility: Why Capital Flows and Covered Interest Rate Differentials Fail to Measure Capital Market Integration

Michael Dooley and Menzie Chinn

5346: Testing Continuous-Time Models of the Spot Interest Rate

Yacine Ait-Sahalia

5345: Nonparametric Pricing of Interest Rate Derivative Securities

Yacine Ait-Sahalia

5344: Expectations and the Effects of Monetary Policy

Laurence Ball and Dean Croushore

5343: Long-Term Effects of Job Displacement: Evidence from the Panel Study of Income Dynamics

Ann Stevens

5342: Virtuous Circles of Productivity: Star Bioscientists and the Institutional Transformation of Industry

Lynne Zucker and Michael Darby

5341: Economics and Politics of Rice Policy in Japan: A Perspective on the Uruguay Round

Yujiro Hayami and Yoshihisa Godo

5340: The Gold Standard as a `Good Housekeeping Seal of Approval'

Michael Bordo

5339: Trade Strategy, Investment, and Exports: Another Look at East Asia

Dani Rodrik

5338: The Impact of Inflation on Budgetary Discipline

Joshua Aizenman and Ricardo Hausmann

5337: Non-Walrasian Unemployment Fluctuations

Jordi Galí

5336: Procyclical Productivity: Increasing Returns or Cyclical Utilization?

Susanto Basu

5335: Social Insurance, Incentives, and Risk Taking

Hans-Werner Sinn

5334: Hiring Risky Workers

Edward Lazear

5333: The Effects of Human Resource Management Practices on Productivity

Casey Ichniowski, Kathryn Shaw and Giovanna Prennushi

5332: Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience

Francesco Giavazzi and Marco Pagano

5331: The Effect of Measured School Inputs on Academic Achievement: Evidence from the 1920s, 1930s and 1940s Birth Cohorts

Susanna Loeb and John Bound

5330: Privatization of Social Security: How It Works and Why It Matters

Laurence Kotlikoff

5329: The Balance of Payments and Borrowing Constraints: An Alternative View of the Mexican Crisis

Andrew Atkeson and José-Víctor Ríos-Rull

5328: The Political Economy of State Provided Health Insurance in the Progressive Era: Evidence from California

Dora Costa

5327: Optimal Debt Management

Robert Barro

5326: Inflation and Economic Growth

Robert Barro

5325: EU, NAFTA, and Asian Responses: A Perspective from the Calculus of Participation

Junichi Goto and Koichi Hamada

5324: Bilateral Negotiations and Multilateral Trade: The Case of Taiwan-U.S. Trade Talks

Tain-Jy Chen and Meng-chun Liu

5323: Exchange Rate Variability and the Riskiness of U.S. Multinational Firms:Evidence from the Breakdown of the Bretton Woods System

Eli Bartov, Gordon Bodnar and Aditya Kaul