NBER Working Papers

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29811: When Can Benefit Cost Analyses Ignore Secondary Markets?

Matthew Kotchen and Arik Levinson

29810: Intergenerational Persistence in Child Mortality

Frances R. Lu and Tom Vogl

29809: Do Higher-Priced Hospitals Deliver Higher-Quality Care?

Zack Cooper, Joseph J. Doyle, John A. Graves and Jonathan Gruber

29808: Using Digitized Newspapers to Refine Historical Measures: The Case of the Boll Weevil

Andreas Ferrara, Joung Yeob Ha and Randall Walsh

29807: Collective Moral Hazard and the Interbank Market

Levent Altinoglu and Joseph Stiglitz

29806: The Wobbly Economy: Global Dynamics with Phase and State Transitions

Tomohiro Hirano and Joseph Stiglitz

29805: Spending Limits, Public Funding, and Election Outcomes

Nikolaj Broberg, Vincent Pons and Clemence Tricaud

29804: On the Dynamics of Human Behavior: The Past, Present, and Future of Culture, Conflict, and Cooperation

Nathan Nunn

29803: Dynamics of Subjective Risk Premia

Stefan Nagel and Zhengyang Xu

29802: Marijuana Legalization and Opioid Deaths

Neil K. Mathur and Christopher Ruhm

29801: Most-Favored Entry Clauses in Drug Patent Litigation Settlements as a Potential Reverse Payment

Keith M. Drake and Thomas McGuire

29800: Does Welfare Prevent Crime? The Criminal Justice Outcomes of Youth Removed From SSI

ManasI Deshpande and Michael G. Mueller-Smith

29799: Business Cycles and Healthcare Employment

Erkmen Aslim, Shin-Yi Chou and Kuhelika De

29798: Grandfathering with Anticipation

Christopher Costello and Corbett A. Grainger

29797: Democratization, Elite Capture and Economic Development

Andrew Foster and Mark Rosenzweig

29796: Measuring Upward Mobility

Debraj Ray and Garance Genicot

29795: The Coming Rise in Residential Inflation

Marijn Bolhuis, Judd N. L. Cramer and Lawrence H. Summers

29794: Asset Prices and Unemployment Fluctuations: A Resolution of the Unemployment Volatility Puzzle

Patrick Kehoe, Pierlauro Lopez, Virgiliu Midrigan and Elena Pastorino

29793: The Long-Run Labor Market Effects of the Canada-U.S. Free Trade Agreement

Brian Kovak and Peter Morrow

29792: The Effects of the Emeryville Fair Workweek Ordinance on the Daily Lives of Low-Wage Workers and their Families

Elizabeth Ananat, Anna Gassman-Pines and John Fitz-Henley

29791: Self-Interest in Public Service: Evidence from School Board Elections

Stephen B. Billings, Hugh Macartney, Geunyong Park and John D. Singleton

29790: Calling All Issuers: The Market for Debt Monitoring

Huaizhi Chen, Lauren Cohen and Weiling Liu

29789: Where Do My Tax Dollars Go? Tax Morale Effects of Perceived Government Spending

Matias Giaccobasso, Brad C. Nathan, Ricardo Perez-Truglia and Alejandro Zentner

29788: Ideas Have Consequences: The Impact of Law and Economics on American Justice

Elliott Ash, Daniel L. Chen and Suresh Naidu

29787: Causality and Econometrics

James J. Heckman and Rodrigo Pinto

29786: Seeing the Future: A Better Way to Model and Test for Adaptive Developmental Plasticity

Anup Malani, Stacy Rosenbaum, Susan C. Alberts and Elizabeth A. Archie

29785: The Unemployment-Inflation Trade-off Revisited: The Phillips Curve in COVID Times

Richard Crump, Stefano Eusepi, Marc Giannoni and Ayşegül Şahin

29784: Has the Willingness to Work Fallen during the Covid Pandemic?

Jason Faberman, Andreas Mueller and Ayşegül Şahin

29783: What Determines Effectiveness of Renewable Energy Standards? General Equilibrium Analytical Model and Empirical Analysis

Don Fullerton and Chi Ta

29782: Human Capital Reallocation Across Firms: Evidence from Idiosyncratic Shocks

Erik P. Gilje, Jérôme P. Taillard and Linghang Zeng

29781: Integrating Refugees by Addressing Labor Shortages? A Policy Evaluation

Mette Foged, Janis Kreuder and Giovanni Peri

29780: A Solomonic Solution to Ownership Disputes: An Application to Blockchain Front-Running

Joshua Gans and Richard T. Holden

29779: Gifted Children Programs’ Short and Long-Term Impact: Higher Education, Earnings, and the Knowledge Economy

Victor Lavy and Yoav Goldstein

29778: Gaps Between Official and Excess Covid-19 Mortality Measures: The Effects of Institutional Quality and Vaccinations

Joshua Aizenman, Alex Cukierman, Yothin Jinjarak, Sameer Nair-Desai and Weining Xin

29777: Exorbitant Privilege? Quantitative Easing and the Bond Market Subsidy of Prospective Fallen Angels

Viral Acharya, Ryan Banerjee, Matteo Crosignani, Tim Eisert and Renée Spigt

29776: Dampening General Equilibrium: Incomplete Information and Bounded Rationality

George-Marios Angeletos and Chen Lian

29775: What Gets Measured Gets Managed: Investment and the Cost of Capital

Zhiguo He, Guanmin Liao and Baolian Wang

29774: The Distribution of Crisis Credit: Effects on Firm Indebtedness and Aggregate Risk

Federico Huneeus, Joseph Kaboski, Mauricio Larrain, Sergio Schmukler and Mario Vera

29773: How Important are Investment Indivisibilities for Development? Experimental Evidence from Uganda

Joseph Kaboski, Molly Lipscomb, Virgiliu Midrigan and Carolyn Pelnik

29772: The Economic Effects of the English Parliamentary Enclosures

Leander Heldring, James Robinson and Sebastian Vollmer

29771: The End of Privilege: A Reexamination of the Net Foreign Asset Position of the United States

Andrew Atkeson, Jonathan Heathcote and Fabrizio Perri

29770: Patent Publication and Innovation

Deepak Hegde, Kyle F. Herkenhoff and Chenqi Zhu

29769: Procyclical Productivity in New Keynesian Models

Zhesheng Qiu and José-Víctor Ríos-Rull

29768: Statistical Uncertainty in the Ranking of Journals and Universities

Magne Mogstad, Joseph P. Romano, Azeem Shaikh and Daniel Wilhelm

29767: Could Machine Learning be a General Purpose Technology? A Comparison of Emerging Technologies Using Data from Online Job Postings

Avi Goldfarb, Bledi Taska and Florenta Teodoridis

29766: Electoral Turnovers

Benjamin Marx, Vincent Pons and Vincent Rollet

29765: Is There a VA Advantage? Evidence from Dually Eligible Veterans

David C. Chan, David Card and Lowell Taylor

29764: The Downward Spiral

Jeremy Greenwood, Nezih Guner and Karen Kopecky

29763: The World Uncertainty Index

Hites Ahir, Nicholas Bloom and Davide Furceri

29762: The Federal Funds Market, Pre- and Post-2008

Eric T. Swanson

29761: The Great Gatsby Curve

Steven Durlauf, Andros Kourtellos and Chih Ming Tan

29760: Intergenerational Mobility

Neil A. Cholli and Steven Durlauf

29759: Group Corruption via Sequential Bargaining in a Hierarchical Organization

Fan-chin Kung, Ping Wang and Quan Wen

29758: Conditional Cash Transfers for Education

Sandra García and Juan Saavedra

29757: Unequal Expenditure Switching: Evidence from Switzerland

Raphael Auer, Ariel Burstein, Sarah Lein and Jonathan Vogel

29756: Reinforcing RCTs with Multiple Priors while Learning about External Validity

Frederico Finan and Demian Pouzo

29755: Information and Credible Sanctions in Curbing Online Cheating Among Undergraduates: a Field Experiment

Daniel Dench and Ted Joyce

29754: Children and the US Social Safety Net: Balancing Disincentives for Adults and Benefits for Children

Anna Aizer, Hilary W. Hoynes and Adriana Lleras-Muney

29753: Who Can Tell Which Banks Will Fail?

Kristian Blickle, Markus Brunnermeier and Stephan Luck

29752: Valuing the Time of the Self-Employed

Daniel J. Agness, Travis Baseler, Sylvain Chassang, Pascaline Dupas and Erik Snowberg

29751: The Rise of the Engineer: Inventing the Professional Inventor During the Industrial Revolution

W Hanlon

29750: Survey Experiments on Economic Expectations

Andreas Fuster and Basit Zafar

29749: Assessing Misallocation in Agriculture: Plots versus Farms

Fernando Aragon, Diego Restuccia and Juan Pablo Rud

29748: Racial Disparities in the Paycheck Protection Program

Sergey Chernenko and David S. Scharfstein

29747: The Information Content of Corporate Earnings: Evidence from the Securities Exchange Act of 1934

Oliver Binz and John Graham

29746: Corporate Flexibility in a Time of Crisis

John W. Barry, Murillo Campello, John Graham and Yueran Ma

29745: Land Speculation and Wobbly Dynamics with Endogenous Phase Transitions

Tomohiro Hirano and Joseph Stiglitz

29744: The Value of Arbitrage

Eduardo Davila, Daniel D. Graves and Cecilia Parlatore

29743: Local Journalism under Private Equity Ownership

Michael Ewens, Arpit Gupta and Sabrina T. Howell

29742: A Bridge to Graduation: Post-Secondary Effects of an Alternative Pathway for Students Who Fail High School Exit Exams

Jane Arnold Lincove, Catherine Mata and Kalena Cortes

29741: From Anti-vax Intentions to Vaccination: Panel and Experimental Evidence from Nine Countries

Vincenzo Galasso, Vincent Pons, Paola Profeta, Michael Becher, Sylvain Brouard and Martial Foucault

29740: Environmental Liabilities, Borrowing Costs, and Pollution Prevention Activities: The Nationwide Impact of the Apex Oil Ruling

Jianqiang Chen, Pei-Fang Hsieh, Po-Hsuan Hsu and Ross Levine

29739: How Tight are U.S. Labor Markets?

Alex Domash and Lawrence H. Summers

29738: Minority Underrepresentation in U.S. Cities

Federico Ricca and Francesco Trebbi

29737: Reconciling Trends in U.S. Male Earnings Volatility: Results from Survey and Administrative Data

Robert Moffitt, John Abowd, Christopher Bollinger, Michael D. Carr, Charles M. Hokayem, Kevin L. McKinney, Emily E. Wiemers, Sisi Zhang and James Ziliak

29736: Designing Benefits for Platform Workers

Jonathan Gruber

29735: How Do Copayment Coupons Affect Branded Drug Prices and Quantities Purchased?

Leemore Dafny, Kate Ho and Edward Kong

29734: Two-Way Fixed Effects and Differences-in-Differences with Heterogeneous Treatment Effects: A Survey

Clément de Chaisemartin and Xavier D'Haultfoeuille

29733: A Structural Empirical Model of R&D Investment, Firm Heterogeneity, and Industry Evolution

Yanyou Chen and Yi Xu

29732: The 2021 Paycheck Protection Program Reboot: Loan Disbursement to Employer and Nonemployer Businesses in Minority Communities

Robert Fairlie and Frank Fossen

29731: Share Pledging in China: Funding Listed Firms or Funding Entrepreneurship?

Zhiguo He, Bibo Liu and Feifei Zhu

29730: Justifying Dissent

Leonardo Bursztyn, Georgy Egorov, Ingar K. Haaland, Aakaash Rao and Christopher Roth

29729: Back to Trend: COVID Effects on E-commerce in 47 Countries

Joel Alcedo, Alberto Cavallo, Bricklin Dwyer, Prachi Mishra and Antonio Spilimbergo

29728: Teacher Labor Market Policy and the Theory of the Second Best

Michael Bates, Michael Dinerstein, Andrew Johnston and Isaac Sorkin

29727: The Unequal Consequences of Job Loss across Countries

Antoine Bertheau, Edoardo Maria Acabbi, Cristina Barceló, Andreas Gulyas, Stefano Lombardi and Raffaele Saggio

29726: Empirical Strategies in Economics: Illuminating the Path from Cause to Effect

Joshua Angrist

29725: The Transformation of Self Employment

Innessa Colaiacovo, Margaret G. Dalton, Sari Pekkala Kerr and William Kerr

29724: Quantum Economic Advantage

Francesco Bova, Avi Goldfarb and Roger G. Melko

29723: Machine-Learning the Skill of Mutual Fund Managers

Ron Kaniel, Zihan Lin, Markus Pelger and Stijn Van Nieuwerburgh

29722: The Missing Baby Bust: The Consequences of the COVID-19 Pandemic for Contraceptive Use, Pregnancy, and Childbirth among Low-Income Women

Martha Bailey, Lea J. Bart and Vanessa Wanner Lang

29721: Omnia Juncta in Uno: Foreign Powers and Trademark Protection in Shanghai’s Concession Era

Laura Alfaro, Cathy Ge Bao, Maggie Chen, Junjie Hong and Claudia Steinwender

29720: Decentralization Through Tokenization

Michael Sockin and Wei Xiong

29719: Lethal Unemployment Bonuses? Substitution and Income Effects on Substance Abuse, 2020-21

Casey Mulligan

29718: The Value of Piped Water and Sewers: Evidence from 19th Century Chicago

Michael Coury, Toru Kitagawa, Allison Shertzer and Matthew Turner

29717: Management and Misallocation in Mexico

Nicholas Bloom, Leonardo Iacovone, Mariana Pereira-López and John van Reenen

29716: Minimax-Regret Climate Policy with Deep Uncertainty in Climate Modeling and Intergenerational Discounting

Stephen J. DeCanio, Charles Manski and Alan H. Sanstad

29715: Consumer Reviews and Regulation: Evidence from NYC Restaurants

Chiara Farronato and Georgios Zervas

29714: State-Level Economic Policy Uncertainty

Scott Baker, Steven Davis and Jeffrey A. Levy

29713: Economic Winners Versus Losers and the Unequal Pandemic Recession

Fernando Cirelli and Mark Gertler

29712: A Theory of Cash Flow-Based Financing with Distress Resolution

Barney Hartman-Glaser, Simon Mayer and Konstantin Milbradt