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NBER Working Papers

From National Bureau of Economic Research, Inc
National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A..
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636: On the Predictability of Tax-Rate Changes Downloads
Robert Barro
635: Process Consistency and Monetary Reform: Further Evidence and Implications Downloads
Robert Flood and Peter Garber
634: Involuntary Terminations under Explicit and Implicit Employment Contracts Downloads
James Medoff and Katharine Abraham
633: The Impact of Unions on the Labor Market for White and Minority Youth Downloads
Harry Holzer
632: Self-Selection and Pareto Efficient Taxation Downloads
Joseph Stiglitz
631: When Is a Positive Income Tax Optimal? Downloads
Fischer Black
630: Monetarist Principles and the Money Stock Growth Rule Downloads
Bennett McCallum
629: The Real Price of Oil and the 1970s World Inflation Downloads
Michael Darby
628: Trade Policy and Import Competition under Fluctuating Prices Downloads
Paul Strebel and Shabtai Donnenfeld
627: The Adequacy of Savings Downloads
Laurence Kotlikoff and Lawrence Summers
626: A Model of Stochastic Process Switching Downloads
Robert Flood and Peter Garber
625: Explanations of Exchange Rate Volatility and Other Empirical Regularities in Some Popular Models of the Foreign Exchange Market Downloads
Robert Flood
624: An Intertemporal Analysis of Taxation and Work Disincentives: An Analysis of the Denver Income Maintenance Experiment Downloads
Thomas E. MaCurdy
623: Wage-Employment Contracts (Replaced by W0675) Downloads
Jerry Green
622: The Real Interest Rate: An Empirical Investigation Downloads
Frederic Mishkin
621: Output Fluctuations and Gradual Price Adjustment Downloads
Robert Gordon
620: Inventories and Sticky Prices: More on the Microfoundations of Macroeconomics Downloads
Alan Blinder
619: Social Security, Bequests, and the Life Cycle Theory of Saving: Cross-Sectional Tests Downloads
Alan Blinder, Roger Gordon and Donald E. Wise
618: The Role of Seniority at U.S. Work Places: A Report on Some New Evidence Downloads
James Medoff and Katharine Abraham
617: Black-White Earnings Ratios Since the Civil Rights Act of 1964: The Importance of Labor Market Dropouts Downloads
Charles Brown
616: The Elusive Incidence of the Corporate Income Tax: The State Case Downloads
Charles E. McLure, Jr.
615: Variations in Infant Mortality Rates among Counties in the United States: The Roles of Social Policies and Programs Downloads
Michael Grossman and Steven Jacobowitz
614: Asset Holdings and the Life Cycle Downloads
Mervyn A. King and Louis Dicks-Mireaux
613: Is the Maximum Tax on Earned Income Effective? Downloads
Lawrence B. Lindsey
612: The Choice of Health Policies with Heterogeneous Populations Downloads
Richard Zeckhauser and Donald S. Shepard
611: Healthiness, Education, and Marital Status Downloads
Paul J. Taubman and Sherwin Rosen
610: Income and Payroll Tax Policy and Labor Supply Downloads
Jerry Hausman
609: Physical Disabilities and Post-Secondary Educational Outcomes Downloads
Robert A. Shakotko and Michael Grossman
608: On Functions, Quality, and Timeliness of Economic Information Downloads
Victor Zarnowitz
607: Does Purchasing Power Parity Work? Downloads
Michael Darby
606: Inflation, the Stock Market, and Owner-Occupied Housing Downloads
Lawrence Summers
605: Tax Policy and Corporate Investment Downloads
Lawrence Summers
604: Inflation, Taxation, and Corporate Investment: A q-Theory Approach Downloads
Lawrence Summers
603: How Close to an Auction Is the Labor Market? Employee Risk Aversion, Income Uncertainty, and Optimal Labor Contracts Downloads
James N. Brown
602: International Price Behavior and the Demand for Money Downloads
Arthur E. Gandolfi and James Lothian
601: Real Effects of Anticipated and Unanticipated Money: Some Problems of Estimation and Hypothesis Testing Downloads
Willem Buiter
600: Social Insurance and Consumption: An Empirical Inquiry Downloads
Daniel Hamermesh
599: Macroeconomic Policy, Exchange-Rate Dynamics, and Optimal Asset Accumulation Downloads
Maurice Obstfeld
598: The International Financial Market and U.S. Interest Rates Downloads
David G. Hartman
597: Variable Cost Functions and the Rate of Return to Quasi-Fixed Factors: An Application to R and D in the Bell System Downloads
M. Ishaq Nadiri and Mark Schankerman
596: Accelerated Depreciation and the Efficacy of Temporary Fiscal Policy: Implications for an Inflationary Economy Downloads
Andrew Abel
595: On Expectations, Term Premiums and the Volatility of Long-Term Interest Rates Downloads
James Pesando
594: Taxes and Corporate Capital Structure in an Incomplete Market Downloads
Robert A. Taggart, Jr.
593: Symmetry Restrictions in a System of Financial Asset Demands: A Theoretical and Empirical Analysis Downloads
V. Vance Roley
592: Oil, Disinflation, and Export Competitiveness: A Model of the "Dutch Disease" Downloads
Willem Buiter and Douglas Purvis
591: Monetary Policy and International Competitiveness Downloads
Willem Buiter and Marcus Miller
590: A Model of the Black Market for Dollars Downloads
Rüdiger Dornbusch, Daniel Valente Dantas, Clarice Pechman, Roberto de Rezende Rocha and Demetrio Simoes
589: Unanticipated or Actual Changes in Aggregate Demand Variables: A Cross-Country Analysis Downloads
Michael Darby
588: Inflation, Taxation, and Corporate Behavior Downloads
Roger Gordon
587: Effects of Shifting Saving Patterns on Interest Rates and Economic Activity Downloads
Benjamin M. Friedman
586: The Effect of Federal Debt Management Policy on Corporate Bond and Equity Yields Downloads
V. Vance Roley
585: International Transmission under Pegged and Floating Exchange Rates: An Empirical Comparison Downloads
Michael Darby
584: Self-Employment and Labor Force Participation of Older Males (Revised) Downloads
Victor Fuchs
583: Modeling Alternative Solutions to the Long-Run Social Security Funding Problem Downloads
Michael J. Boskin, Marcy Avrin and Kenneth Cone
582: Energy and Growth under Flexible Exchange Rates: A Simulation Study Downloads
Jeffrey D. Sachs
581: International Effects on the U.S. Capital Market Downloads
David G. Hartman
580: The Role of Economic Policy after the New Classical Macroeconomics Downloads
Willem Buiter
579: Social Security, Induced Retirement, and Aggregate Capital Accumulation:A Correction and Updating Downloads
Martin Feldstein
578: The Reservation Wage of Unemployed Persons in the Federal Republic of Germany: Theory and Empirical Tests Downloads
Wolfgang Franz
577: Inflation, Tax Rules, and Investment: Some Econometric Evidence Downloads
Martin Feldstein
576: Taxation and Corporation Finance Downloads
Roger Gordon and Burton G. Malkiel
575: Monetary and Fiscal Policies in an Open Economy Downloads
Jacob A. Frenkel and Michael Mussa
574: Symmetric Substitution Matrices in Asset Demand Systsems Downloads
David S. Jones
573: Consistent Simple Sum Aggregation over Assets Downloads
David S. Jones
572: Accumulation and Growth in a Two-Country Model: A Simulation Approach Downloads
David Lipton and Jeffrey Sachs
571: International Trade, Indebtedness, and Welfare Repercussions among Supply-Constrained Economies under Floating Exchange Rates Downloads
Bryce Hool and J. David Richardson
570: Wage and Employment Determinants under Trade Unionism: The InternationalTypographical Union Downloads
James N. Dertouzos and John Pencavel
569: The Collapse of Purchasing Power Parities during the 1970s Downloads
Jacob A. Frenkel
568: Private Pensions and Inflation Downloads
Martin Feldstein
567: Two Notes on Exchange Rate Rules and on the Real Value of External Debt Downloads
Rüdiger Dornbusch
566: Asset Prices, Substitution Effects, and the Impact of Changes in Asset Stocks Downloads
Carl Walsh
565: The Use of Volatility Measures in Assessing Market Efficiency Downloads
Robert Shiller
564: The Determinants of the Variability of Stock Market Prices Downloads
Sanford Grossman and Robert Shiller
563: Alternative Tests of Rational Expectations Models: The Case of the Term Structure Downloads
Robert Shiller
562: Reconsidering the Work Disincentive Effects of Social Security Downloads
Alan Blinder, Roger Gordon and Donald E. Wise
561: Patents and R and D at the Firm Level: A First Look Downloads
Ariel Pakes and Zvi Griliches
560: The Importance of Lifetime Jobs in the U.S. Economy Downloads
Robert Hall
559: Price Level Determinacy with an Interest Rate Policy Rule and Rational Expectations Downloads
Bennett McCallum
558: Tests of Equilibrium Macroeconomics Using Contemporaneous Monetary Data Downloads
John F. Boschen and Herschel Grossman
557: Capital Mobility and Devaluation in an Optimizing Model with Rational Expectations Downloads
Maurice Obstfeld
556: Trade Adjustment Assistance under the U.S. Trade Act of 1974: An Analytical Examination and Worker Survey Downloads
J. David Richardson
555: Inflation Stabilization and Capital Mobility Downloads
Rüdiger Dornbusch
554: Oil and the Dollar Downloads
Paul Krugman
553: Inflation, Income Taxes, and Owner-Occupied Housing Downloads
James Poterba
552: Wages, Nonwage Job Characteristics, and Labor Mobility Downloads
Ann P. Bartel
551: The Variance and Acceleration of Inflation in the 1970s: Alternative Explanatory Models and Methods Downloads
Jon Frye and Robert Gordon
550: Government Intervention in the Inflation Process: The Econometrics of "Self-Inflicted Wounds" Downloads
Jon Frye and Robert Gordon
549: The Timing of Monetary and Price Changes and the International Transmission of Inflation Downloads
Anthony Cassese and James Lothian
548: Transfers, Taxes, and the NAIRU Downloads
Daniel Hamermesh
547: Inflation and the Tax Treatment of Firm Behavior Downloads
Alan Auerbach
546: Taxation, Portfolio Choice, and Debt-Equity Ratios: A General Equilibrium Model Downloads
Alan Auerbach and Mervyn A. King
545: Staggered Wage Setting without Money Illusion: Variations on a Theme of Taylor Downloads
Willem Buiter and Ian Jewitt
544: Gold Monetization and Gold Discipline Downloads
Robert Flood and Peter Garber
543: The Economics of Tenure Choice: 1955-79 Downloads
Patric Hendershott and James D. Shilling
542: Expected Inflation and Equity Prices: A Structural Econometric Approach Downloads
David S. Jones
541: Three Papers on Brazilian Trade and Payments Downloads
Eliana Cardoso and Rüdiger Dornbusch
540: Intermediate Imports, the Terms of Trade, and the Dynamics of the Exchange Rate and Current Account Downloads
Maurice Obstfeld
539: Time Preference and Health: An Exploratory Study Downloads
Victor Fuchs
538: Estimated Effects of the October 1979 Change in Monetary Policy on the 1980 Economy Downloads
Ray Fair
537: Exchange-Rate Expectations and Nominal Interest Differentials: A Test ofthe Fisher Hypothesis Downloads
Robert Cumby and Maurice Obstfeld
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