NBER Working Papers

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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

5106: The Use of Replacement Workers in Union Contract Negotiations: The U.S. Experience, 1980-1989

Peter Cramton and Joseph Tracy

5105: The Effect of Collective Bargaining Legislation on Strikes and Wages

Peter Cramton, Morley Gunderson and Joseph Tracy

5104: Axiomatic and Economic Approaches to Elementary Price Indexes

Walter Diewert

5103: Price and Volume Measures in the System of National Accounts

Walter Diewert

5102: Wages and Foreign Ownership: A Comparative Study of Mexico, Venezuela and the United States

Brian Aitken, Ann Harrison and Robert Lipsey

5101: Internal Capital Markets and the Competition for Corporate Resources

Jeremy Stein

5100: Banks and Derivatives

Gary Gorton and Richard Rosen

5099: Transfer Behavior within the Family: Results from the Asset and Health Dynamics Survey

Kathleen McGarry and Robert Schoeni

5098: Globalization and the Inequality of Nations

Paul Krugman and Anthony Venables

5097: Why are Saving Rates so Different Across Countries?: An International Comparative Analysis

Sebastian Edwards

5096: Financial Innovation and the Management and Regulation of Financial Institutions

Robert Merton

5095: World Income Components: Measuring and Exploiting International Risk Sharing Opportunities

Robert Shiller and Stefano Athanasoulis

5094: Sectoral Growth Across U.S. States: Factor Content, Linkages, and Trade

J. David Richardson and Pamela Smith

5093: Labor Market Institutions and the Distribution of Wages, 1973-1992: A Semiparametric Approach

John DiNardo, Nicole Fortin and Thomas Lemieux

5092: The Effects of Minimum Wages on Teenage Employment and Enrollment: Evidence from Matched CPS Surveys

David Neumark and William Wascher

5091: Optimal Investment with Costly Reversibility

Andrew Abel and Janice Eberly

5090: Generational Accounting in General Equilibrium

Hans Fehr and Laurence Kotlikoff

5089: The Annuitization of Americans' Resources: A Cohort Analysis

Alan Auerbach, Jagadeesh Gokhale, Laurence Kotlikoff, John Sabelhaus and David Weil

5088: The Distributional Effects of the Tax Treatment of Child Care Expenses

William Gentry and Alison P. Hagy

5087: Generational Accounts, Aggregate Saving and Intergenerational Distribution

Willem Buiter

5086: Supply-Side Economics in a Global Economy

Enrique Mendoza and Linda Tesar

5085: Settling for Coupons: Discount Contracts as Compensation and Punishment in Antitrust Lawsuits

Severin Borenstein

5084: Free Trade Agreements versus Customs Unions

Anne O. Krueger

5083: Credit Cycles

Nobuhiro Kiyotaki and John Moore

5082: Does Public Insurance Crowd Out Private Insurance?

David Cutler and Jonathan Gruber

5081: Is There a Tradeoff between Unemployment and Productivity Growth?

Robert Gordon

5080: An Empirical Examination of the Fisher Effect in Australia

Frederic Mishkin and John Simon

5079: Benefits of Control, Managerial Ownership, and the Stock Returns of Acquiring Firms

Robert Hubbard and Darius Palia

5078: Mortgage Default Risk and Real Estate Prices: The Use of Index-Based Futures and Options in Real Estate

Karl Case, Robert Shiller and Allan N. Weiss

5077: Product Quality and Worker Quality

John Abowd, Francis Kramarz and Antoine Moreau

5076: The Growing Importance of Cognitive Skills in Wage Determination

Richard Murnane, John B. Willett and Frank Levy

5075: Two Fallacies Concerning Central Bank Independence

Bennett McCallum

5074: Endogenous Mortgage Choice, Borrowing Constraints and the Tenure Decision

William C. LaFayette, Donald Haurin and Patric Hendershott

5073: Are Apparent Productive Spillovers a Figment of Specification Error?

Susanto Basu and John Fernald

5072: The Effects of School and Family Characteristics on the Return to Education

Joseph Altonji and Thomas A. Dunn

5071: Selling Price and Selling Time: The Impact of Seller Motivation

Michel Glower, Donald Haurin and Patric Hendershott

5070: Wealth Accumulation and Housing Choices of Young Households: An Exploratory Investigation

Donald Haurin, Susan Wachter and Patric Hendershott

5069: Debt Usage and Mortgage Choice: Sensitivity to Default Insurance Costs

Patric Hendershott and William C. LaFayette

5068: Universities as a Source of Commercial Technology: A Detailed Analysis of University Patenting 1965-1988

Rebecca Henderson, Adam Jaffe and Manuel Trajtenberg

5067: Production Functions: The Search for Identification

Zvi Griliches and Jacques Mairesse

5066: The Effect of Medicaid Abortion Funding Restrictions on Abortions, Pregnancies, and Births

Phillip Levine, Amy B. Trainor and David Zimmerman

5065: Parental Leave Policies in Europe and North America

Christopher Ruhm and Jackqueline L. Teague

5064: Modern Approaches to Central Banking

Stanley Fischer

5063: Product Development and the Timing of Information Disclosure under U.S.and Japanese Patent Systems

Reiko Aoki and Thomas Prusa

5062: Cumulation and ITC Decision-Making: The Sum of the Parts is Greater thanthe Whole

Wendy L. Hansen and Thomas Prusa

5061: Exact Hedonic Price Indexes

Robert Feenstra

5060: Government Interventions and Productivity Growth in Korean ManufacturingIndustries

Jong-Wha Lee

5059: Public R&D Policies and Cost Behavior of the US Manufacturing Industries

Theofanis Mamuneas and M. Ishaq Nadiri

5058: Is Workers' Compensation Covering Uninsured Medical Costs? Evidence fromthe `Monday Effect'

David Card and Brian McCall