NBER Working Papers

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4157: The Efficiency of a Group-Specific Mandated Benefit: Evidence From Health Insurance Benefits for Maternity

Jonathan Gruber

4156: Testing Long Run Neutrality

Robert King and Mark Watson

4155: An Economic Analysis of Life Care

Jonathan Feinstein and Edward G. Keating

4154: A Comparative Analysis of East and West German Labor Markets: Before and After Unification

Alan Krueger and Jorn-Steffen Pischke

4153: Black-Markets for Currency, Hoarding Activity and Currency Reform

Linda Goldberg and Ildar Karimov

4152: The Automobile Industry and The Mexico-Us Free Trade Agreement

Steven Berry, Vittorio Grilli and Florencio Lopez-de-Silanes

4151: Exchange Rates and Corporate Pricing Strategies

Michael M. Knetter

4150: Remeasuring Business Cycles

Christina Romer

4149: Protection For Sale

Gene Grossman and Elhanan Helpman

4148: General Purpose Technologies "Engines of Growth?"

Timothy Bresnahan and Manuel Trajtenberg

4147: The Risk and Duration of Catastrophic Health Care Expenditures

Daniel Feenberg and Jonathan Skinner

4146: Ivory Tower Versus Corporate Lab: An Empirical Study of Basic Research and Appropriability

Manuel Trajtenberg, Rebecca Henderson and Adam Jaffe

4145: Discouraging Rivals: Managerial Rent-Seeking and Economic Inefficiencies

Joseph Stiglitz and Aaron Edlin

4144: Solow and the States: Capital Accumulation, Productivity and Economic Growth

Douglas Holtz-Eakin

4143: Estimates of the Economic Return to Schooling from a New Sample of Twins

Alan Krueger and Orley Ashenfelter

4142: The Effects of High School Curriculum on Education and Labor Market Outcomes

Joseph Altonji

4141: Three Perspectives on the Bretton Woods System

Barry Eichengreen

4140: Global Versus Country-Specific Productivity Shocks and the Current Account

Reuven Glick and Kenneth Rogoff

4139: Determinants of Interest Rates on Tax-Exempt Hospital Bonds

Fred Goldman, Michael Grossman, Susan W. Nesbitt and Pamela Mobilia

4138: Do Gasoline Prices Respond Asymmetrically to Crude Oil Price Changes?

Severin Borenstein and A. Cameron

4137: Wealth Mobility in America: A View from the National Longitudinal Survey

Richard Steckel and Jayanthi Krishnan

4136: Arbitration in International Trade

Alessandra Casella

4135: Does Executive Compensation Affect Investment?

Kevin J. Murphy and Robert Gibbons

4134: Do Expected Shifts in Inflation Policy Affect Real Rates?

Karen Lewis and Martin Evans

4133: The Effects of Labor Market Experience, Job Seniority, and Job Mobility on Wage Growth

Joseph Altonji and Nicolas Williams

4132: What Explains Developing Country Growth?

Magnus Blomstrom, Robert Lipsey and Mario Zejan

4131: Host Country Competition and Technology Transfer by Multinationals

Magnus Blomstrom, Ari Kokko and Mario Zejan

4130: Inter-Industry Mobility and the Cyclical Upgrading of Labor

Mark Bils and Kenneth McLaughlin

4129: Liquidity Effects, Monetary Policy, and the Business Cycle

Martin Eichenbaum and Lawrence Christiano

4128: Office Market Values During the Past Decade: How Distorted Have Appraisals Been?

Patric Hendershott and Edward Kane

4127: International Transmission Under Bretton Woods

Alan Stockman

4126: The Savings of Ordinary Americans: The Philidelphia Saving Fund Society in the Mid-Nineteenth Century

George Alter, Claudia Goldin and Elyce Rotella

4125: Robin-Hooding Rents: Exploiting the Pecuniary Effects of In-Kind Programs

Richard Zeckhauser, Stephen Coate and Stephen Johnson

4124: Foreign Direct Investment in the U.S.: Changes Over Three Decades

Robert Lipsey

4123: Markup Adjustment and Exchange Rate Fluctuations: Evidence From Panel Data on Automobile Exports

Joseph Gagnon and Michael M. Knetter

4122: Public-Sector Capital and the Productivity Puzzle

Douglas Holtz-Eakin

4121: Rational Asset Price Movements Without News

David Romer

4120: Race and Gender Pay Differentials

Francine Blau and Lawrence Kahn

4119: Traded Goods Consumption Smoothing and the Random Walk Behavior of the Real Exchange Rate

Kenneth Rogoff

4118: The Carnegie Conjecture: Some Empirical Evidence

Douglas Holtz-Eakin, David Joulfaian and Harvey Rosen

4117: Towards a Reformulation of Monetary Theory: Competitive Banking

Joseph Stiglitz and Bruce Greenwald

4116: Trends in Expected Returns in Currency and Bond Markets

Martin Evans and Karen Lewis

4115: The Housing Wealth of the Aged

Louise Sheiner and David Weil

4114: Accounting for Growth With New Inputs

Robert Feenstra and James Markusen

4113: A Reconsideration of the Uncovered Interest Parity Relationship

Bennett McCallum

4112: Making Sense of the Soviet Trade Shock in Eastern Europe: A Framework and Some Estimates

Dani Rodrik

4111: Empirical Evidence for Collusion in the U.S. Auto Market?

Val Lambson and J. David Richardson

4110: Exact Solutions for Expected Rates of Return Under Markov Regime Switching: Implications for the Equity Premium Puzzle

Andrew Abel

4109: Race and School Quality Since Brown vs. Board of Education

Michael A. Boozer, Alan Krueger and Shari Wolkon

4108: Financial Market Efficiency Tests

Tim Bollerslev and Robert Hodrick

4107: Forecasting Nursing Home Utilization of Elderly Americans

Andrew Dick, Alan M. Garber and Thomas MaCurdy

4106: Male Jobs, Female Jobs, and Gender Gaps in Benefits Coverage

Janet Currie and Richard Chaykowski

4105: Output Fluctuations at the Plant Level

Timothy Bresnahan and Valerie Ramey

4104: Time Nonseparability in Aggregate Consumption: International Evidence

Phillip Braun, George Constantinides and Wayne Ferson

4103: Inflation and Social Welfare in a Model With Endogenous Financial Adaptation

Federico Sturzenegger

4102: Foreign Direct Investment as a Commitment Mechanism in the Presence of Managed Trade

Joshua Aizenman

4101: Hostile Takeovers and Expropriation of Extramarginal Wages: A Test

David Neumark and Steven Sharpe

4100: Autos and the National Industrial Recovery Act: Evidence on Industry Complementarities

Russell Cooper and John Haltiwanger

4099: The Meaning of College in the Lives of American Women: The Past One-Hundred Years

Claudia Goldin

4098: International Comparisons of Pricing-to-Market Behavior

Michael M. Knetter

4097: The Economics of Bankruptcy Reform

Philippe Aghion, Oliver Hart and John Moore

4096: Investment and Research and Development at the Firm Level: Does the Source of Financing Matter?

Bronwyn Hall

4095: Sequencing and Welfare: Labor Markets and Agriculture

Sebastian Edwards

4094: International Adjustment with Habit-Forming Consumption: A Diagrammatic Exposition

Maurice Obstfeld

4093: Risk-Taking, Global Diversification, and Growth

Maurice Obstfeld

4092: Ownership Structure and Corporate Performance in Japan

Frank Lichtenberg and George M. Pushner

4091: Price Rigidities, Asymmetries, and Output Fluctuations

Ricardo Caballero and Eduardo Engel

4090: Microeconomic Adjustment Hazards and Aggregate Dynamics

Ricardo Caballero and Eduardo Engel

4089: Asymmetric Price Adjustment and Economic Fluctuations

Laurence Ball and N. Gregory Mankiw

4088: Asset Pricing Explorations for Macroeconomics

John Cochrane and Lars Hansen

4087: Labor Market Segmentation Theory: Reconsidering the Evidence

William T. Dickens and Kevin Lang

4086: The International Transmission of Tax Policies in a Dynamic World Economy

Stephen J Turnovsky and Marcelo Bianconi

4085: Cross-Country Patterns of Change in Relative Wages

Steven Davis

4084: Risk Management: Coordinating Corporate Investment and Financing Policies

Kenneth Froot, David Scharfstein and Jeremy Stein

4083: The Present Value Model of Rational Commodity Pricing

Robert Pindyck

4082: Central Bank Behavior and the Strategy of Monetary Policy: Observations From Six Industrialized Countries

Ben Bernanke and Frederic Mishkin

4081: Innovation, Imitation, and Intellectual Property Rights

Elhanan Helpman

4080: Economic Exchange and Support Within U.S. Families

Laurence Kotlikoff

4079: Optimal Sanctions When Individuals are Imperfectly Informed About the Probability of Apprehension

Lucian Bebchuk and Louis Kaplow

4078: Optimal Sanctions When the Probability of Apprehension Varies Among Individuals

Lucian Bebchuk and Louis Kaplow

4077: Russia and the Soviet Union Then and Now

Stanley Fischer

4076: Government Solvency, Ponzi Finance and the Redundancy and Usefulness of Public Debt

Willem Buiter and Kenneth Kletzer

4075: Bargaining Power, Strike Duration, and Wage Outcomes: An Analysis of Strikes in the 1880s

David Card and Craig A. Olson

4074: Global Financial Markets and the Risk Premium on U.S. Equity

K.C. Chan, G. Karolyi and René Stulz

4073: Labor Market Segmentation, Wage Dispersion and Unemployment

Kevin Lang and William T. Dickens

4072: The Production and Cost Structure of Israeli Industry: Evidence From Individual Firm Data

Arie Bregman, Melvyn Fuss and Haim Regev

4071: GATT, Dispute Settlement and Cooperation

Dan Kovenock and Marie Thursby

4070: Do Doctoral Students' Financial Support Patterns Affect Their Times-to-Degree and Completion Probabilities

Ronald Ehrenberg and Panagiotis G. Mavros

4069: Strategic Trade Policy With Incompletely Informed Policymakers

S. Lael Brainard and David Martimort

4068: The Expected Timing of EMS Realignments: 1979-83

Susan M. Collins

4067: Estimating the Payoff to Schooling Using the Vietnam-Era Draft Lottery

Joshua Angrist and Alan Krueger

4066: Empirical Linkages Between Democracy and Economic Growth

John Helliwell

4065: Top Executive Rewards and Firm Performance: A Comparison of Japan and the U.S

Steven Kaplan

4064: Foreign Trade in Eastern Europe's Transition: Early Results

Dani Rodrik

4063: Taxation and the Structure of Labor Markets: The Case of Corporatism

Lawrence Summers, Jonathan Gruber and Rodrigo Vergara

4062: A Growth Model of Inflation, Tax Evasion, and Financial Repression

Nouriel Roubini and Xavier Sala-i-Martin

4061: Do the Costs of a Carbon Tax Vanish When Interactions With Other Taxes are Accounted For?

Lawrence H. Goulder

4060: R&D, Investment and Industry Dynamics

Saul Lach and Rafael Rob

4059: Productivity and Firm Turnover in Israeli Industry: 1979-1988

Zvi Griliches and Haim Regev

4058: Using Regional Variation in Wages to Measure the Effects of the Federal Minimum Wage

David Card