NBER Working Papers

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3322: An Empirical Analysis of Cigarette Addiction

Gary Becker, Michael Grossman and Kevin Murphy

3321: The Internationalization of the U.S. Labor Market

John Abowd and Richard Freeman

3320: Predicting Exchange Rate Crises: Mexico Revisited

Linda Goldberg

3319: Re-Interpreting the Failure of Foreign Exchange Market Efficiency Tests:Small Transaction Costs, Big Hysteresis Bands

Richard Baldwin

3318: Entry, Contestability, and Deregulated Airline Markets: An Event Study Analysis of People Express

Michael Whinston and Scott C. Collins

3317: World Real Interest Rates

Robert Barro and Xavier Sala-i-Martin

3316: The Welfare Economics of Moral Hazard

Richard Arnott and Joseph Stiglitz

3315: Tariffs and Sectoral Adjustments in an Open Economy

Stephen J Turnovsky

3314: Risk Adjusted Deposit Insurance for Japanese Banks

Ryuzo Sato, Rama V. Ramachandran and Bohyong Kang

3313: Fiscal Policy and the External Deficit: Siblings, but not Twins

John Helliwell

3312: Does Labor Supply Explain Fluctuations in Average Hours Worked?

Joshua Angrist

3311: Risk and Return on Real Estate: Evidence from Equity REITs

K.C. Chan, Patric Hendershott and Anthony Sanders

3310: Tenure Choice of American Youth

Donald Haurin, Patric Hendershott and Dongwook Kim

3309: Real Rents and Household Formation: The Effect of the 1986 Tax Reform Act

Donald Haurin, Patric Hendershott and Dongwook Kim

3308: Incentive Conflict in the International Regulatory Agreement on Risk-Based Analysis

Edward Kane

3307: Irreversibility, Uncertainty, and Investment

Robert Pindyck

3306: Is the Japanese Distribution System Really Inefficient?

Takatoshi Ito and Masayoshi Maruyama

3305: Measuring the Persistence of Expected Returns

John Campbell

3304: The International Comparison Program: Current Status and Problems

Irving B. Kravis and Robert Lipsey

3303: Do Publicly Traded Corporations Act in the Public Interest?

Roger Gordon

3302: From Stabilization to Growth

Rüdiger Dornbusch

3301: Patent Statistics as Economic Indicators: A Survey

Zvi Griliches

3300: Premature Liberalization, Incomplete Stabilization: the Ozal Decade in Turkey

Dani Rodrik

3299: Does Foreign Exchange Intervention Matter? Disentangling the Portfolio and Expectations Effects for the Mark

Kathryn Dominguez and Jeffrey Frankel

3298: Investment Tax Credit in an Open Economy

Partha Sen and Stephen J Turnovsky

3297: Predictable Stock Returns: Reality or Statistical Illusion?

Charles Nelson and Myung J. Kim

3296: Stock Returns and Real Activity: A Century of Evidence

G. Schwert

3295: Inventories and the Short-Run Dynamics of Commodity Prices

Robert Pindyck

3294: Specific Capital, Mobility, and Wages: Wages Rise with Job Seniority

Robert Topel

3293: American Firms Face Europe: 1992

Robert Lipsey

3292: Determinants of Saving and Labor Force Participation of the Elderly in Japan

Tetsuji Yamada, Tadashi Yamada and Guorn Liu

3291: Non-Cointegration and Econometric Evaluation of Models of Regional Shift and Share

Scott Brown, N. Edward Coulson and Robert Engle

3290: Were Japanese Stock Prices Too High?

Kenneth French and James Poterba

3289: Randomization in Optimal Income Tax Schedules

Dagobert Brito, Jonathan Hamilton, Steven M. Slutsky and Joseph Stiglitz

3288: Pareto Efficient Tax Structures

Dagobert Brito, Jonathan Hamilton, Steven M. Slutsky and Joseph Stiglitz

3287: Debt, Deficits and Inflation: An Application to the Public Finances of India

Willem Buiter and Urjit R. Patel

3286: The Effect of the Medicaid Program on Welfare Participation and Labor Supply

Robert Moffitt and Barbara Wolfe

3285: Does It Matter What We Trade? Trade and Industrial Policies When Labor Markets Don't Clear

William T. Dickens

3284: First Mover Advantages, Blockaded Entry, And the Economics of Uneven Development

James Markusen

3283: Endogenous Market Structures in International Trade

Ignatius Horstmann and James Markusen

3282: Was There a "Peso Problem" in the U.S. Term Structure of Interest Rates:1979-1982?

Karen Lewis

3281: Capital Market Integration: Issues of International Taxation

Assaf Razin and Efraim Sadka

3280: The Effects of Colleges and Universities on Local Labor Markets

Patricia Beeson and Edward B. Montgomery

3279: Asset Prices under Habit Formation and Catching up with the Joneses

Andrew Abel

3278: Changing Effects of Monetary Policy on Real Economic Activity

Benjamin M. Friedman

3277: Distributing the Gains from Trade With Incomplete Information

Robert Feenstra and Tracy Lewis

3276: Trade and Uneven Growth

Robert Feenstra

3275: Increasing Returns and Economic Geography

Paul Krugman

3274: Asymmetries and Rigidities in Wage Adjustments by Firms

Harry Holzer and Edward B. Montgomery

3273: The Impact of Tax Reform on Charitable Giving: A 1989 Perspective

Charles Clotfelter

3272: A Positive Theory of Social Security

Guido Tabellini

3271: Are Nonconvexities Important For Understanding Growth?

Paul Romer

3270: Taxation and Housing Markets: Preliminary Evidence on the Effects of Recent Tax Reforms

James Poterba

3269: Why is Trade Reform so Unpopular? On Status Quo Bias in Policy Reforms

Raquel Fernandez and Dani Rodrik

3268: Rational Addictive Behavior and Cigarette Smoking

Frank Chaloupka

3267: Men, Women, and Addiction: The Case of Cigarette Smoking

Frank Chaloupka

3266: Implications of Corporate Indebtedness for Monetary Policy

Benjamin M. Friedman

3265: Dynamic Optimal Income Taxation with Government Commitment

Dagobert Brito, Jonathan Hamilton, Steven M. Slutsky and Joseph Stiglitz

3264: Macroeconomic Convergence: International Transmission of Growth and Technical Progress

John Helliwell and Alan Chung

3263: Can Direct and Indirect Taxes Be Added for International Comparisons of Competitiveness?

Hans-Werner Sinn

3262: Pay, Performance, and Turnover of Bank CEOs

Jason R. Barro and Robert Barro

3261: Product Innovations, Price Indices and the (Mis)Measurement of Economic Performance

Manuel Trajtenberg

3260: The Effects of Mandating Benefits Packages

Olivia Mitchell

3259: The Informational Content of Initial Public Offerings

Ian Gale and Joseph Stiglitz

3258: Designing Policies to Open Trade

Robert Feenstra, Tracy Lewis and John McMillan

3257: The Impact of the 1986 Tax Reform Act on Personal Saving

Jonathan Skinner and Daniel Feenberg

3256: A Quick Refresher Course in Macroeconomics

N. Gregory Mankiw

3255: Federal Taxation and the Supply of State Debt

Gilbert Metcalf

3254: The Effect of Domestic Antidumping Law in the Presence of Foreign Monopoly

Robert Staiger and Frank A. Wolak

3253: Workers' Compensation Insurance and the Duration of Workplace Injuries

Alan Krueger

3252: What Makes an Entrepreneur? Evidence on Inheritance and Capital Constraints

David Blanchflower and Andrew Oswald

3251: Unemployment and the Demand for Unions

David Blanchflower, Robert Crouchley, Saul Estrin and Andrew Oswald

3250: Herd on the Street: Informational Inefficiencies in a Market with Short-Term Speculation

Kenneth Froot, David Scharfstein and Jeremy Stein

3249: Nominal Exchange Rate Patterns: Correlationswith Entry, Exit, and Invesment in U.S. Industry

Linda Goldberg

3248: Tax Harmonization and Tax Competition in Europe

Hans-Werner Sinn

3247: Short Rates and Expected Asset Returns

Kenneth Froot

3246: A Variance Decomposition for Stock Returns

John Campbell

3245: A Modern Look At Asset Pricing and Short-Term Interest Rates

Martin Evans and Paul Wachtel

3244: Export Restraints With Imperfect Competition: A Selective Survey

Kala Krishna

3243: Speculative Dynamics and the Role of Feedback Traders

David Cutler, James Poterba and Lawrence Summers

3242: Speculative Dynamics

David Cutler, James Poterba and Lawrence Summers

3241: A Convex Model of Equilibrium Growth

Larry Jones and Rodolfo Manuelli

3240: Reviving the Federal Statistical System: International Aspects

Robert Lipsey

3239: Faculty Turnover at American Colleges and Universities: Analysis of AAUP Data

Ronald Ehrenberg, Hirschel Kasper and Daniel Rees

3238: A North-South Model of Taxation and Capital Flow

Joel Slemrod

3237: The Tax Elasticity of Capital Gains Realizations: Evidence from a Panel of Taxpayers

Joel Slemrod and William Shobe

3236: The Sensitivity of Strategic and Corrective R&D Policy in Oligopolistic Industries

Robert Staiger and Kyle Bagwell

3235: The Sensitivity of Strategic and Corrective R&D Policy in Battles for Monopoly

Kyle Bagwell and Robert Staiger

3234: The Impact of the Tax Reform Act of 1986 on Foreign Direct Investment to and from the United States

Joel Slemrod

3233: Are OSHA Health Inspections Effective? A Longitudinal Study in the Manufacturing Sector

Wayne Gray and Carol Adaire Jones

3232: A Note on Optimal Fines When Wealth Varies Among Individuals

A. Mitchell Polinsky and Steven Shavell

3231: Industrial De-Diversification and its Consequences for Productivity

Frank Lichtenberg

3230: Making Altruism Pay in Auction Quotas

Kala Krishna

3229: Aggregate Employment Dynamcis and Lumpy Adjustment Costs

Daniel Hamermesh

3228: Competition and Human Capital Accumulation: A Theory of Interregional Specialization and Trade

Julio Rotemberg and Garth Saloner

3227: An Estimate of a Sectoral Model of Labor Mobility

Boyan Jovanovic and Robert Moffitt

3226: Joint Crowdout: An Empirical Study of the Impact of Federal Grants on State Government Expenditures and Charitable Donations

Lawrence B. Lindsey and Richard Steinberg

3225: The Vanishing Harberger Triangle

Hans-Werner Sinn

3224: Why Does High Inflation Raise Inflation Uncertainty?

Laurence Ball

3223: A Model of Growth Through Creative Destruction

Philippe Aghion and Peter Howitt