NBER Working Papers

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27062: Pandemic Lockdown: The Role of Government Commitment

Christian Moser and Pierre Yared

27061: Labor Demand in the time of COVID-19: Evidence from vacancy postings and UI claims

Eliza Forsythe, Lisa Kahn, Fabian Lange and David Wiczer

27060: Economic Activity and the Value of Medical Innovation during a Pandemic

Casey Mulligan

27059: Internal and External Effects of Social Distancing in a Pandemic

Maryam Farboodi, Gregor Jarosch and Robert Shimer

27058: Corporate Taxes and Retail Prices

Scott Baker, Stephen Teng Sun and Constantine Yannelis

27057: Financial Education Affects Financial Knowledge and Downstream Behaviors

Tim Kaiser, Annamaria Lusardi, Lukas Menkhoff and Carly J. Urban

27056: Loan Types and the Bank Lending Channel

Victoria Ivashina, Luc Laeven and Enrique Moral-Benito

27055: Corporate Immunity to the COVID-19 Pandemic

Wenzhi Ding, Ross Levine, Chen Lin and Wensi Xie

27054: Information and the Persistence of the Gender Wage Gap: Early Evidence from California's Salary History Ban

Benjamin Hansen and Drew McNichols

27053: Persistence Despite Revolutions

Alberto Alesina, Marlon Seror, David Yang, Yang You and Weihong Zeng

27052: Does the US Tax Code Favor Automation?

Daron Acemoglu, Andrea Manera and Pascual Restrepo

27051: A Sticky-Price View of Hoarding

Christopher Hansman, Harrison Hong, Aureo de Paula and Vishal Singh

27050: It Takes a Village: The Economics of Parenting with Neighborhood and Peer Effects

Francesco Agostinelli, Matthias Doepke, Giuseppe Sorrenti and Fabrizio Zilibotti

27049: Non-Pharmaceutical Interventions and Mortality in U.S. Cities during the Great Influenza Pandemic, 1918-1919

Robert Barro

27048: Elusive Safety: The New Geography of Capital Flows and Risk

Laura Alfaro, Ester Faia, Ruth A. Judson and Tim Schmidt-Eisenlohr

27047: Macroeconomic Dynamics and Reallocation in an Epidemic: Evaluating the “Swedish Solution”

Dirk Krueger, Harald Uhlig and Taojun Xie

27046: Health versus Wealth: On the Distributional Effects of Controlling a Pandemic

Andy Glover, Jonathan Heathcote, Dirk Krueger and José-Víctor Ríos-Rull

27045: Income Segregation: Up or Down, and for Whom?

John Logan, Andrew Foster, Hongwei Xu and Wenquan Zhang

27044: A Model of Endogenous Risk Intolerance and LSAPs: Asset Prices and Aggregate Demand in a “Covid-19” Shock

Ricardo Caballero and Alp Simsek

27043: Demographic Perspectives on Mortality of Covid-19 and Other Epidemics

Joshua R. Goldstein and Ronald Lee

27042: Which Retail Outlets Generate the Most Physical Interactions?

Avi Goldfarb and Catherine Tucker

27041: Bilateral Information Disclosure in Adverse Selection Markets with Nonexclusive Competition

Joseph Stiglitz, Jungyoll Yun and Andrew Kosenko

27040: Immigration Policy Levers for US Innovation and Startups

Sari Pekkala Kerr and William Kerr

27039: Voluntary and Mandatory Social Distancing: Evidence on COVID-19 Exposure Rates from Chinese Provinces and Selected Countries

Alexander Chudik, Mohammad Pesaran and Alessandro Rebucci

27038: Managing Intelligence: Skilled Experts and AI in Markets for Complex Products

Jonathan Gruber, Benjamin R. Handel, Samuel H. Kina and Jonathan Kolstad

27037: Evidence on Job Search Models from a Survey of Unemployed Workers in Germany

Stefano DellaVigna, Jörg Heining, Johannes Schmieder and Simon Trenkle

27036: Price Discovery and Liquidity Recovery: Forex Market Reactions to Macro Announcements

Masahiro Yamada and Takatoshi Ito

27035: Saving for Multiple Financial Needs: Evidence from Lockboxes and Mobile Money in Malawi

Shilpa Aggarwal, Valentina Brailovskaya and Jonathan Robinson

27034: Big G

Lydia Cox, Gernot Müller, Ernesto Pasten, Raphael Schoenle and Michael Weber

27033: Beyond Reading, Writing, and Arithmetic: The Role of Teachers and Schools in Reporting Child Maltreatment

Maria Fitzpatrick, Cassandra Benson and Samuel R. Bondurant

27032: Hometown Ties and the Quality of Government Monitoring: Evidence from Rotation of Chinese Auditors

Jian Chu, Raymond Fisman, Songtao Tan and Yongxiang Wang

27031: Endogenous Education and Long-Run Factor Shares

Gene Grossman, Elhanan Helpman, Ezra Oberfield and Thomas Sampson

27030: Good-Bye Original Sin, Hello Risk On-Off, Financial Fragility, and Crises?

Joshua Aizenman, Yothin Jinjarak, Donghyun Park and Huanhuan Zheng

27029: Variation in Performance of Commonly Used Statistical Methods for Estimating Effectiveness of State-Level Opioid Policies on Opioid-Related Mortality

Beth Ann Griffin, Megan S. Schuler, Elizabeth A. Stuart, Stephen Patrick, Elizabeth McNeer, Rosanna Smart, David Powell, Bradley Stein, Terry Schell and Rosalie Pacula

27028: Estimating the Fraction of Unreported Infections in Epidemics with a Known Epicenter: an Application to COVID-19

Ali Hortacsu, Jiarui Liu and Timothy Schwieg

27027: Tracking Public and Private Responses to the COVID-19 Epidemic: Evidence from State and Local Government Actions

Sumedha Gupta, Thuy D. Nguyen, Felipe Lozano Rojas, Shyam Raman, Byungkyu Lee, Ana Bento, Kosali Simon and Coady Wing

27026: Can the Unemployed Borrow? Implications for Public Insurance

J. Carter Braxton, Kyle Herkenhoff and Gordon Phillips

27025: Portfolio Choice with Sustainable Spending: A Model of Reaching for Yield

John Campbell and Roman Sigalov

27024: On Vickrey’s Income Averaging

Stefan Steinerberger and Aleh Tsyvinski

27023: Estimating the COVID-19 Infection Rate: Anatomy of an Inference Problem

Charles Manski and Francesca Molinari

27022: The US Equity Valuation Premium, Globalization, and Climate Change Risks

Craig Doidge, G. Karolyi and René Stulz

27021: The Subways Seeded the Massive Coronavirus Epidemic in New York City

Jeffrey E. Harris

27020: Economic Policy Incentives to Preserve Lives and Livelihoods

Roberto Chang and Andrés Velasco

27019: Covid-19: Testing Inequality in New York City

Stephanie Schmitt-Grohe, Ken Teoh and Martín Uribe

27018: Lock-downs, Loneliness and Life Satisfaction

Daniel Hamermesh

27017: Labor Markets During the COVID-19 Crisis: A Preliminary View

Olivier Coibion, Yuriy Gorodnichenko and Michael Weber

27016: Market Structure and Product Assortment: Evidence from a Natural Experiment in Liquor Licensure

Gastón Illanes and Sarah Moshary

27015: Innovative Growth Accounting

Peter J. Klenow and Huiyu Li

27014: Advances in Using Vector Autoregressions to Estimate Structural Magnitudes

Christiane Baumeister and James Hamilton

27013: An Alternative Explanation for the “Fed Information Effect”

Michael Bauer and Eric Swanson

27012: Disputes in International Investment and Trade

Ralph Ossa, Robert Staiger and Alan O. Sykes

27011: The Roots of Agricultural Innovation: Patent Evidence of Knowledge Spillovers

Matthew Clancy, Paul Heisey, Yongjie Ji and GianCarlo Moschini

27010: Spending Less After (Seemingly) Bad News

Mark Garmaise, Yaron Levi and Hanno Lustig

27009: Covid-19 Infection Externalities: Trading Off Lives vs. Livelihoods

Zachary A. Bethune and Anton Korinek

27008: Risk Perception Through the Lens of Politics in the Time of the COVID-19 Pandemic

John Barrios and Yael Hochberg

27007: Policy Implications of Models of the Spread of Coronavirus: Perspectives and Opportunities for Economists

Christopher Avery, William Bossert, Adam Clark, Glenn Ellison and Sara Fisher Ellison

27006: No Line Left Behind: Assortative Matching Inside the Firm

Achyuta Adhvaryu, Vittorio Bassi, Anant Nyshadham and Jorge A. Tamayo

27005: Countervailing Market Power and Hospital Competition

Eric Barrette, Gautam Gowrisankaran and Robert Town

27004: Shotgun Wedding: Fiscal and Monetary Policy

Marco Bassetto and Thomas Sargent

27003: What’s up with the Phillips Curve?

Marco Del Negro, Michele Lenza, Giorgio Primiceri and Andrea Tambalotti

27002: Some Unpleasant Markup Arithmetic: Production Function Elasticities and their Estimation from Production Data

Stephen Bond, Arshia Hashemi, Greg Kaplan and Piotr Żoch

27001: Energy Markets and Global Economic Conditions

Christiane Baumeister, Dimitris Korobilis and Thomas K. Lee

27000: Optimal Regulation of E-cigarettes: Theory and Evidence

Hunt Allcott and Charlie Rafkin

26999: Measuring Racial Discrimination in Bail Decisions

David Arnold, Will S. Dobbie and Peter Hull

26998: Ageing-Driven Migration and Redistribution: Comparing Policy Regimes

Assaf Razin and Alexander Schwemmer

26997: Sticky Capital Controls

Miguel Acosta-Henao, Laura Alfaro and Andrés Fernández Martin

26996: Distributing Personal Income: Trends Over Time

Dennis Fixler, Marina Gindelsky and David Johnson

26995: The Macroeconomic Stabilization of Tariff Shocks: What is the Optimal Monetary Response?

Paul Bergin and Giancarlo Corsetti

26994: Do People Have a Bias for Low-Deductible Insurance?

Howard Kunreuther and Mark Pauly

26993: In Praise of Moderation: Suggestions for the Scope and Use of Pre-Analysis Plans for RCTs in Economics

Abhijit Banerjee, Esther Duflo, Amy Finkelstein, Lawrence Katz, Benjamin Olken and Anja Sautmann

26992: Did California’s Shelter-in-Place Order Work? Early Coronavirus-Related Public Health Effects

Andrew Friedson, Drew McNichols, Joseph J. Sabia and Dhaval Dave

26991: Three Prongs for Prudent Climate Policy

Joseph Aldy and Richard Zeckhauser

26990: The Geographic Spread of COVID-19 Correlates with the Structure of Social Networks as Measured by Facebook

Theresa Kuchler, Dominic Russel and Johannes Stroebel

26989: How Are Small Businesses Adjusting to COVID-19? Early Evidence from a Survey

Alexander Bartik, Marianne Bertrand, Zoë B. Cullen, Edward Glaeser, Michael Luca and Christopher T. Stanton

26988: The Evolving Consequences of OxyContin Reformulation on Drug Overdoses

David Powell and Rosalie Pacula

26987: COVID-19 and The Macroeconomic Effects of Costly Disasters

Sydney Ludvigson, Sai Ma and Serena Ng

26986: The Wealth Decumulation Behavior of the Retired Elderly in Italy: The Importance of Bequest Motives and Precautionary Saving

Luigi Ventura and Charles Horioka

26985: Risk Sharing Externalities

Luigi Bocola and Guido Lorenzoni

26984: Optimal Mitigation Policies in a Pandemic: Social Distancing and Working from Home

Callum Jones, Thomas Philippon and Venky Venkateswaran

26983: COVID-Induced Economic Uncertainty

Scott Baker, Nicholas Bloom, Steven Davis and Stephen Terry

26982: Social Distancing, Internet Access and Inequality

Lesley Chiou and Catherine Tucker

26981: A Simple Planning Problem for COVID-19 Lockdown

Fernando E. Alvarez, David Argente and Francesco Lippi

26980: Rising Burdens of Proofs and The Grand Bargain of Workers’ Compensation Laws

Andy Yuan and Price Fishback

26979: Every Day is Earth Day: Evidence on the Long-term Impact of Environmental Activism

Daniel Hungerman and Vivek Moorthy

26978: Effects of the Affordable Care Act Dependent Coverage Mandate on Health Insurance Coverage for Individuals in Same-Sex Couples

Christopher Carpenter, Gilbert Gonzales, Tara McKay and Dario Sansone

26977: News that Takes Your Breath Away: Risk Perceptions During an Outbreak of Vaping-related Lung Injuries

Dhaval Dave, Daniel Dench, Donald Kenkel, Alan Mathios and Hua Wang

26976: The Impact of Benefit Generosity on Workers’ Compensation Claims: Evidence and Implications

Marika Cabral and Marcus Dillender

26975: Relief Rally: Senators As Feckless As the Rest of Us at Stock Picking

William Belmont, Bruce Sacerdote, Ranjan Sehgal and Ian Van Hoek

26974: The Implications of Heterogeneity and Inequality for Asset Pricing

Stavros Panageas

26973: Should Germany Have Built a New Wall? Macroeconomic Lessons from the 2015-18 Refugee Wave

Christopher Busch, Dirk Krueger, Alexander Ludwig, Irina Popova and Zainab Iftikhar

26972: Beyond Cobb-Douglas: Flexibly Estimating Matching Functions with Unobserved Matching Efficiency

Fabian Lange and Theodore Papageorgiou

26971: Firm-Level Exposure to Epidemic Diseases: COVID-19, SARS, and H1N1

Tarek Hassan, Stephan Hollander, Laurence van Lent, Markus Schwedeler and Ahmed Tahoun

26970: Generalized Robustness and Dynamic Pessimism

Pascal J. Maenhout, Andrea Vedolin and Hao Xing

26969: Understanding “Wage Theft”: Evasion and Avoidance Responses to Minimum Wage Increases

Jeffrey Clemens and Michael Strain

26968: Do Investors Care about Carbon Risk?

Patrick Bolton and Marcin Kacperczyk

26967: Diminishing Marginal Returns to Computer-Assisted Learning

Eric Bettinger, Robert Fairlie, Anastasia Kapuza, Elena Kardanova, Prashant Loyalka and Andrey Zakharov

26966: Presence and Persistence of Poverty in U.S. Tax Data

Jeff Larrimore, Jacob Mortenson and David Splinter

26965: How Deadly Is COVID-19? Understanding The Difficulties With Estimation Of Its Fatality Rate

Andrew Atkeson

26964: Technological Innovation and Labor Income Risk

Leonid Kogan, Dimitris Papanikolaou, Lawrence Schmidt and Jae Song

26963: Reversing Reserves

Parag Pathak, Alex Rees-Jones and Tayfun Sönmez