NBER Working Papers

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27762: What Difference Does a Health Plan Make? Evidence from Random Plan Assignment in Medicaid

Michael Geruso, Timothy Layton and Jacob Wallace

27761: Racial Disparities in Motor Vehicle Searches Cannot Be Justified by Efficiency

Benjamin Feigenberg and Conrad Miller

27760: What Can Economics Say About Alzheimer's Disease?

Amitabh Chandra, Courtney Coile and Corina Mommaerts

27759: Is the Cure Worse than the Disease? County-Level Evidence from the COVID-19 Pandemic in the United States

Catalina Amuedo-Dorantes, Neeraj Kaushal and Ashley N. Muchow

27758: Jacks of All Trades and Masters of One: Declining Search Frictions and Unequal Growth

Paolo Martellini and Guido Menzio

27757: Modern Infectious Diseases: Macroeconomic Impacts and Policy Responses

David Bloom, Michael Kuhn and Klaus Prettner

27756: An Instrumental Variable Approach to Dynamic Models

Steven Berry and Giovanni Compiani

27755: Monopsony in Movers: The Elasticity of Labor Supply to Firm Wage Policies

Ihsaan Bassier, Arindrajit Dube and Suresh Naidu

27754: Centrino and the Restructuring of WI-FI Supply

Roberto Fontana and Shane Greenstein

27753: Stable Income, Stable Family

Jason Lindo, Krishna Regmi and Isaac Swensen

27752: Business Incomes at the Top

Wojciech Kopczuk and Eric Zwick

27751: Investor Tax Credits and Entrepreneurship: Evidence from U.S. States

Matthew R. Denes, Sabrina T. Howell, Filippo Mezzanotti, Xinxin Wang and Ting Xu

27750: Property Rights to Land and Agricultural Organization: An Argentina-United States Comparison

Eric Edwards, Martin Fiszbein and Gary Libecap

27749: Remote Work and the Heterogeneous Impact of COVID-19 on Employment and Health

Manuela Angelucci, Marco Angrisani, Daniel Bennett, Arie Kapteyn and Simone Schaner

27748: Limitations on the Effectiveness of Monetary Policy Forward Guidance in the Context of the COVID-19 Pandemic

Andrew Levin and Arunima Sinha

27747: Doubling Down on Debt: Limited Liability as a Financial Friction

Jesse Perla, Carolin Pflueger and Michal Szkup

27746: International Evidence on Shock-Dependent Exchange Rate Pass-Through

Kristin Forbes, Ida Hjortsoe and Tsvetelina Nenova

27745: Social Finance: Cultural Evolution, Transmission Bias and Market Dynamics

Erol Akcay and David Hirshleifer

27744: Cheap Thrills: the Price of Leisure and the Global Decline in Work Hours

Alexandr Kopytov, Nikolai Roussanov and Mathieu Taschereau-Dumouchel

27743: Does Vote Trading Improve Welfare?

Alessandra Casella and Antonin Macé

27742: Social Distancing, Vaccination and the Paradoxical Optimality of an Endemic Equilibrium

Andrew Abel and Stavros Panageas

27741: Pandemic Control in ECON-EPI Networks

Marina Azzimonti, Alessandra Fogli, Fabrizio Perri and Mark Ponder

27740: Financial Returns to Household Inventory Management

Scott Baker, Stephanie Johnson and Lorenz Kueng

27739: Global Business and Financial Cycles: A Tale of Two Capital Account Regimes

Julien Acalin and Alessandro Rebucci

27738: Using a Satisficing Model of Experimenter Decision-Making to Guide Finite-Sample Inference for Compromised Experiments

Ganesh Karapakula and James Heckman

27737: Intergenerational Effects of Early-Life Advantage: Lessons from a Primate Study

Amanda M. Dettmer, James Heckman, Juan Pantano, Victor Ronda and Stephen J. Suomi

27736: Hiring as Exploration

Danielle Li, Lindsey Raymond and Peter Bergman

27735: Moonshots, Investment Booms, and Selection Bias in the Transmission of Cultural Traits

David Hirshleifer and Joshua Plotkin

27734: Who Profits From Amateurism? Rent-Sharing in Modern College Sports

Craig Garthwaite, Jordan Keener, Matthew Notowidigdo and Nicole F. Ozminkowski

27733: Payments Crises and Consequences

Qian Chen, Christoffer Koch, Padma Sharma and Gary Richardson

27732: Repurchase Options in the Market for Lemons

Saki Bigio and Liyan Shi

27731: The Stable Transformation Path

Francisco Buera, Joseph Kaboski, Martí Mestieri and Daniel G. O'Connor

27730: Coping with H-1B Shortages: Firm Performance and Mitigation Strategies

Anna Maria Mayda, Francesc Ortega, Giovanni Peri, Kevin Shih and Chad Sparber

27729: Income and Poverty in the COVID-19 Pandemic

Jeehoon Han, Bruce Meyer and James Sullivan

27728: Heterogeneous Effects Of Health Insurance On Birth Related Outcomes: Unpacking Compositional Vs. Direct Changes

Jie Ma and Kosali Simon

27727: Dynamic Trade-offs and Labor Supply Under the CARES Act

Corina Boar and Simon Mongey

27726: Increasing Hours Worked: Moonlighting Responses to a Large Tax Reform

Alisa Tazhitdinova

27725: Gender and Culture

Paola Giuliano

27724: On Socializing and Social Distancing in Markets: Implications for Retail Prices, Store-level Consumer Density, and Disease Transmission

Ricardo Lagos

27723: Data-intensive Innovation and the State: Evidence from AI Firms in China

Martin Beraja, David Yang and Noam Yuchtman

27722: When Tariffs Disturb Global Supply Chains

Gene Grossman and Elhanan Helpman

27721: Interbank Networks in the Shadows of the Federal Reserve Act

Haelim Anderson, Selman Erol and Guillermo Ordonez

27720: Now Unions Increase Job Satisfaction and Well-being

David Blanchflower and Alex Bryson

27719: Four Stylized Facts about COVID-19

Andrew Atkeson, Karen Kopecky and Tao Zha

27718: The Economic Impact of Migrants from Hurricane Maria

Giovanni Peri, Derek Rury and Justin Wiltshire

27717: The EITC and Maternal Time Use: More Time Working and Less Time with Kids?

Jacob Bastian and Lance Lochner

27716: Openness to Trade and the Spread of Industrialization: Evidence from Canada during the First Era of Globalization

Taylor Jaworski and Ian Keay

27715: Estimating DSGE Models: Recent Advances and Future Challenges

Jesus Fernandez-Villaverde and Pablo Guerron

27714: Have Income-Based Achievement Gaps Widened or Narrowed?

Shirin A. Hashim, Thomas J. Kane, Thomas Kelley-Kemple, Mary E. Laski and Doug Staiger

27713: Judge Peer Effects in the Courthouse

Ozkan Eren and Naci Mocan

27712: Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect

Ricardo Caballero and Alp Simsek

27711: What Good Are Treatment Effects without Treatment? Mental Health and the Reluctance to Use Talk Therapy

Christopher Cronin, Matthew P. Forsstrom and Nicholas Papageorge

27710: Exit vs. Voice

Eleonora Broccardo, Oliver Hart and Luigi Zingales

27709: Permanent Income Shocks, Target Wealth, and the Wealth Gap

Tullio Jappelli and Luigi Pistaferri

27708: The Baker Hypothesis

Anusha Chari, Peter Henry and Hector Reyes

27707: Measuring Customer Churn and Interconnectedness

Scott Baker, Brian Baugh and Marco C. Sammon

27706: History as Evolution

Nathan Nunn

27705: The Tax Elasticity of Capital Gains and Revenue-Maximizing Rates

Ole Agersnap and Owen Zidar

27704: Nonparametric Identification of Differentiated Products Demand Using Micro Data

Steven Berry and Philip Haile

27703: When Uncle Sam Introduced Main Street to Wall Street: Liberty Bonds and the Transformation of American Finance

Eric Hilt, Matthew Jaremski and Wendy Rahn

27702: Confidence and the Propagation of Demand Shocks

George-Marios Angeletos and Chen Lian

27701: Bank Syndicates and Liquidity Provision

Joao Santos and S Viswanathan

27700: Intermediation and Competition in Search Markets: An Empirical Case Study

Tobias Salz

27699: Understanding Tax Policy: How Do People Reason?

Stefanie Stantcheva

27698: The International Aspects of Macroprudential Policy

Kristin Forbes

27697: Peak China Housing

Kenneth Rogoff and Yuanchen Yang

27696: Decoding India's Low Covid-19 Case Fatality rate

Minu Philip, Debraj Ray and S. Subramanian

27695: Public and Private Provision of Information in Market-Based Public Programs: Evidence from Advertising in Health Insurance Marketplaces

Naoki Aizawa and You Suk Kim

27694: The Effect of Job Displacement on College Enrollment: Evidence from Ohio

Veronica Minaya, Brendan Moore and Judith Scott-Clayton

27693: How Did U.S. Consumers Use Their Stimulus Payments?

Olivier Coibion, Yuriy Gorodnichenko and Michael Weber

27692: Union Membership Peaks in Midlife

David Blanchflower and Alex Bryson

27691: Low Interest Rates, Policy, and the Predictive Content of the Yield Curve

Michael Bordo and Joseph Haubrich

27690: Return to Venture Capital in the Aggregate

Shumiao Ouyang, Jiaheng Yu and Ravi Jagannathan

27689: Discrimination and Racial Disparities in Labor Market Outcomes: Evidence from WWII

Anna Aizer, Ryan Boone, Adriana Lleras-Muney and Jonathan Vogel

27688: What Determines School Segregation? The Crucial Role of Neighborhood Factors

Gregorio Caetano and Hugh Macartney

27687: The Macroeconomic Effects of Macroprudential Policy: Evidence from a Narrative Approach

Diego Rojas, Carlos Vegh and Guillermo Vuletin

27686: Patenting Inventions or Inventing Patents? Continuation Practice at the USPTO

Cesare Righi and Timothy Simcoe

27685: Behavioral Welfare Economics and Risk Preferences: A Bayesian Approach

Xiaoxue Sherry Gao, Glenn Harrison and Rusty Tchernis

27684: Generalizable and Robust TV Advertising Effects

Bradley Shapiro, Günter J. Hitsch and Anna Tuchman

27683: A History of Pricing Pollution (Or, Why Pigouvian Taxes are not Necessarily Pigouvian)

Spencer Banzhaf

27682: Dollar Safety and the Global Financial Cycle

Zhengyang Jiang, Arvind Krishnamurthy and Hanno Lustig

27681: Autonomy and Technology Adoption

Benjamin Bushong, Carolina Corral, Xavier Gine, Aprajit Mahajan and Enrique Seira Bejarano

27680: Improving Management through Worker Evaluations: Evidence from Auto Manufacturing

Jing Cai and Shing-Yi Wang

27679: Social Learning along International Migrant Networks

Yuan Tian, Maria Esther Caballero and Brian Kovak

27678: Data and Policy Decisions: Experimental Evidence from Pakistan

Michael Callen, Saad Gulzar, Syed Ali Hasanain, Muhammad Khan and Arman B. Rezaee

27677: Survival Pessimism and the Demand for Annuities

Cormac O'Dea and David Sturrock

27676: Structuring Mortgages for Macroeconomic Stability

John Campbell, Nuno Clara and João F. Cocco

27675: The Return to Capital in Capital-Scarce Countries

Anusha Chari and Jennifer S. Rhee

27674: Estimating Trends in Male Earnings Volatility with the Panel Study of Income Dynamics

Robert Moffitt and Sisi Zhang

27673: The 1918 Influenza Pandemic and its Lessons for COVID-19

Brian Beach, Karen Clay and Martin Saavedra

27672: Reconciling Trends in Volatility: Evidence from the SIPP Survey and Administrative Data

Michael D. Carr, Robert Moffitt and Emily E. Wiemers

27671: A Quantitative Theory of the Credit Score

Satyajit Chatterjee, P. Dean Corbae, Kyle Dempsey and José-Víctor Ríos-Rull

27670: The Average and Heterogeneous Effects of Transportation Investments: Evidence from Sub-Saharan Africa 1960-2010

Remi Jedwab and Adam Storeygard

27669: Medium-Term Money Neutrality and the Effective Lower Bound

Gauti Eggertsson and Marc Giannoni

27668: Early Fertility Decline in the United States: Tests of Alternative Hypotheses using New Complete-Count Census Microdata and Enhanced County-Level Data

Michael Haines, J. David Hacker and Matthew Jaremski

27667: COVID-19 and Crime: Effects of Stay-at-Home Orders on Domestic Violence

Lindsey Rose Bullinger, Jillian Carr and Analisa Packham

27666: The $100 Million Nudge: Increasing Tax Compliance of Businesses and the Self-Employed using a Natural Field Experiment

Justin Holz, John List, Alejandro Zentner, Marvin Cardoza and Joaquin Zentner

27665: Valuing Long-Term Property Rights with Anticipated Political Regime Shifts

Zhiguo He, Maggie Rong Hu, Zhenping Wang and Vincent Yao

27664: Reconciling Trends in U.S. Male Earnings Volatility: Results from a Four Data Set Project

Robert Moffitt

27663: The Missing Inflation Puzzle: The Role of the Wage-Price Pass-Through

Sebastian Heise, Fatih Karahan and Aysegul Sahin