NBER Working Papers

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26662: The Economic Consequences of Being Denied an Abortion

Sarah Miller, Laura Wherry and Diana Greene Foster

26661: Microentrepreneurship in Developing Countries

Seema Jayachandran

26660: Workplace Knowledge Flows

Jason Sandvik, Richard Saouma, Nathan Seegert and Christopher T. Stanton

26659: What Caused Racial Disparities in Particulate Exposure to Fall? New Evidence from the Clean Air Act and Satellite-Based Measures of Air Quality

Janet Currie, John Voorheis and Reed Walker

26658: Growth, Automation and the Long Run Share of Labor

Debraj Ray and Dilip Mookherjee

26657: Monetary Policy Strategies for the Federal Reserve

Lars Svensson

26656: Equilibrium Consequences of Corruption on Firms: Evidence from China’s Anti-Corruption Campaign

Haoyuan Ding, Hanming Fang, Shu Lin and Kang Shi

26655: Effects of Fiscal Policy on Credit Markets

Alan Auerbach, Yuriy Gorodnichenko and Daniel Murphy

26654: Political Activism and the Provision of Dynamic Incentives

Antoine Camous and Russell Cooper

26653: Do Firm Effects Drift? Evidence from Washington Administrative Data

Marta Lachowska, Alexandre Mas, Raffaele Saggio and Stephen Woodbury

26652: The Economic Consequences of Political Hierarchy: Evidence from Regime Changes in China, AD1000-2000

Ying Bai and Ruixue Jia

26651: The End of Economic Growth? Unintended Consequences of a Declining Population

Charles Jones

26650: A Skeptic's Guide to Modern Monetary Theory

N. Gregory Mankiw

26649: Can Re-Enrollment Campaigns Help Dropouts Return to College? Evidence from Florida Community Colleges

Justin C. Ortagus, Melvin J. Tanner and Isaac McFarlin

26648: The Structure of Economic News

Leland Bybee, Bryan T. Kelly, Asaf Manela and Dacheng Xiu

26647: Micro Jumps, Macro Humps: Monetary Policy and Business Cycles in an Estimated HANK Model

Adrien Auclert, Matthew Rognlie and Ludwig Straub

26646: Quantum Prices

Diego Aparicio and Roberto Rigobon

26645: Real Effects of Search Frictions in Consumer Credit Markets

Bronson Argyle, Taylor D. Nadauld and Christopher Palmer

26644: Japanese Foreign Exchange Interventions, 1971-2018: Estimating a Reaction Function Using the Best Proxy

Takatoshi Ito and Tomoyoshi Yabu

26643: Who Are the Hand-to-Mouth?

Mark Aguiar, Mark Bils and Corina Boar

26642: Unhappiness and age

David Blanchflower

26641: Is Happiness U-shaped Everywhere? Age and Subjective Well-being in 132 Countries

David Blanchflower

26640: Using Payroll Tax Variation to Unpack the Black Box of Firm-Level Production

Youssef Benzarti and Jarkko Harju

26639: The Effects of Income on Children’s Health: Evidence from Supplemental Security Income Eligibility under New York State Medicaid

Hansoo Ko, Renata E. Howland and Sherry A. Glied

26638: Socio-Economic Decline and Death: The Life-Cycle Impacts of Recessions for Labor Market Entrants

Hannes Schwandt and Till von Wachter

26637: The Decline of Secured Debt

Efraim Benmelech, Nitish Kumar and Raghuram Rajan

26636: Farm Profits, Prices and Household Behavior

Daniel LaFave, Evan D. Peet and Duncan Thomas

26635: Dynastic Precautionary Savings

Corina Boar

26634: The Impact of Deunionization on the Growth and Dispersion of Productivity and Pay

Giovanni Dosi, Richard Freeman, Marcelo Pereira, Andrea Roventini and Maria Enrica Virgillito

26633: How Are Employers Responding to an Aging Workforce?

Robert L. Clark and Beth M. Ritter

26632: Imputing Missing Values in the US Census Bureau's County Business Patterns

Fabian Eckert, Teresa Fort, Peter Schott and Natalie J. Yang

26631: Transparency in Structural Research

Isaiah Andrews, Matthew Gentzkow and Jesse Shapiro

26630: Household Balance Sheet Channels of Monetary Policy: A Back of the Envelope Calculation for the Euro Area

Jiri Slacalek, Oreste Tristani and Giovanni Violante

26629: How Does State-Level Carbon Pricing in the United States Affect Industrial Competitiveness?

Brendan J. Casey, Wayne Gray, Joshua Linn and Richard Morgenstern

26628: Precautionary Saving in a Financially-Constrained Firm

Andrew Abel and Stavros Panageas

26627: How Do Employers Use Compensation History?: Evidence From a Field Experiment

Moshe A. Barach and John Horton

26626: Cross-Asset Information Synergy in Mutual Fund Families

Jun Kyung Auh and Jennie Bai

26625: Technological Transitions with Skill Heterogeneity Across Generations

Rodrigo Adão, Martin Beraja and Nitya Pandalai-Nayar

26624: Combining Matching and Synthetic Control to Trade off Biases from Extrapolation and Interpolation

Maxwell Kellogg, Magne Mogstad, Guillaume Pouliot and Alexander Torgovitsky

26623: Age Discrimination in Hiring: Evidence from Age-Blind vs. Non-Age-Blind Hiring Procedures

David Neumark

26622: Is Parental Leave Costly for Firms and Coworkers?

Anne Brenøe, Serena Canaan, Nikolaj Harmon and Heather Royer

26621: The Impact of Bequest Motives on Retirement Behavior in Japan: A Theoretical and Empirical Analysis

Charles Horioka, Emin Gahramanov, Aziz Hayat and Xueli Tang

26620: Diversity, Immigration, and Redistribution

Alberto Alesina and Stefanie Stantcheva

26619: The Negative Consequences of Loss-Framed Performance Incentives

Lamar Pierce, Alex Rees-Jones and Charlotte Blank

26618: Does the Marginal Hospitalization Save Lives? The Case of Respiratory Admissions for the Elderly

Janet Currie and David Slusky

26617: Why Firms Offer Paid Parental Leave: An Exploratory Study

Claudia Goldin, Sari Pekkala Kerr and Claudia Olivetti

26616: Are Political and Charitable Giving Substitutes? Evidence from the United States

Pinar Yildirim, Andrei Simonov, Maria Petrova and Ricardo Perez-Truglia

26615: Credit Rationing and Pass-Through in Supply Chains: Theory and Evidence from Bangladesh

M. Shahe Emran, Dilip Mookherjee, Forhad Shilpi and M. Helal Uddin

26614: Is Scholarly Refereeing Productive (at the Margin)?

Aboozar Hadavand, Daniel Hamermesh and Wesley Wilson

26613: Deterministic Debt Cycles in Open Economies with Flow Collateral Constraints

Stephanie Schmitt-Grohe and Martín Uribe

26612: Contract Work at Older Ages

Katharine Abraham, Brad Hershbein and Susan Houseman

26611: Rising Import Tariffs, Falling Export Growth: When Modern Supply Chains Meet Old-Style Protectionism

Kyle Handley, Fariha Kamal and Ryan Monarch

26610: Who's Paying for the US Tariffs? A Longer-Term Perspective

Mary Amiti, Stephen Redding and David Weinstein

26609: The Global Impact of Brexit Uncertainty

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

26608: Recovering Investor Expectations from Demand for Index Funds

Mark L. Egan, Alexander MacKay and Hanbin Yang

26607: Heterogeneity and Asset Prices: A Different Approach

Nicolae B. Gârleanu and Stavros Panageas

26606: Drawing Conclusions from Structural Vector Autoregressions Identified on the Basis of Sign Restrictions

Christiane Baumeister and James Hamilton

26605: Alternative Work Arrangements

Alexandre Mas and Amanda Pallais

26604: Who Bears the Welfare Costs of Monopoly? The Case of the Credit Card Industry

Kyle Herkenhoff and Gajendran Raveendranathan

26603: Evaluating State and Local Business Tax Incentives

Cailin Slattery and Owen Zidar

26602: Monetary Policy in an Era of Global Supply Chains

Shang-Jin Wei and Yinxi Xie

26601: Consumer Protection in an Online World: An Analysis of Occupational Licensing

Chiara Farronato, Andrey Fradkin, Bradley Larsen and Erik Brynjolfsson

26600: General Equilibrium Effects of Cash Transfers: Experimental Evidence from Kenya

Dennis Egger, Johannes Haushofer, Edward Miguel, Paul Niehaus and Michael Walker

26599: Coordination and Bandwagon Effects: How Past Rankings Shape the Behavior of Voters and Candidates

Riako Granzier, Vincent Pons and Clemence Tricaud

26598: The Private and External Costs of Germany's Nuclear Phase-Out

Stephen Jarvis, Olivier Deschenes and Akshaya Jha

26597: Demand for Older Workers: What Do Economists Think? What Are Firms Doing?

Steven Allen

26596: Econometrics For Decision Making: Building Foundations Sketched By Haavelmo And Wald

Charles Manski

26595: Motivated Errors

Christine L. Exley and Judd B. Kessler

26594: Railroads, Reallocation, and the Rise of American Manufacturing

Richard Hornbeck and Martin Rotemberg

26593: An Econometric Model of International Long-run Growth Dynamics

Ulrich K. Müller, James Stock and Mark Watson

26592: Voluntary Disclosure and Personalized Pricing

S. Nageeb Ali, Gregory Lewis and Shoshana Vasserman

26591: Urban Growth and its Aggregate Implications

Gilles Duranton and Diego Puga

26590: A Market for Work Permits

Michael Lokshin and Martin Ravallion

26589: E-Cigarettes and Adult Smoking: Evidence from Minnesota

Henry Saffer, Daniel Dench, Michael Grossman and Dhaval Dave

26588: Saving Behavior Across the Wealth Distribution: The Importance of Capital Gains

Andreas Fagereng, Martin Holm, Benjamin Moll and Gisle Natvik

26587: The (Non-) Effect of Opportunity Zones on Housing Prices

Jiafeng Chen, Edward Glaeser and David Wessel

26586: Market Efficiency in the Age of Big Data

Ian Martin and Stefan Nagel

26585: Relocating or Redefined: A New Perspective on Urbanization in China

Li Gan, Qing He, Ruichao Si and Daichun Yi

26584: Machine Labor

Joshua Angrist and Brigham Frandsen

26583: The U.S. Public Debt Valuation Puzzle

Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh and Mindy Xiaolan

26582: Impact Investing

Brad Barber, Adair Morse and Ayako Yasuda

26581: The Impact of Intranational Trade Barriers on Exports: Evidence from a Nationwide VAT Rebate Reform in China

Jie Bai and Jiahua Liu

26580: Asset Prices and Unemployment Fluctuations

Patrick Kehoe, Pierlauro Lopez, Virgiliu Midrigan and Elena Pastorino

26579: Industry Structure, Segmentation, and Competition in the U.S. Hotel Industry

R. Andrew Butters and Thomas N. Hubbard

26578: Expanded GDP for Welfare Measurement in the 21st Century

Charles R. Hulten and Leonard Nakamura

26577: Network Data

Bryan Graham

26576: FinTech Platforms and Mutual Fund Distribution

Claire Yurong Hong, Xiaomeng Lu and Jun Pan

26575: The SOE Premium and Government Support in China's Credit Market

Zhe Geng and Jun Pan

26574: Are Poor Cities Cheap for Everyone? Non-Homotheticity and the Cost of Living Across U.S. Cities

Jessie Handbury

26573: The Local Residential Land Use Regulatory Environment Across U.S. Housing Markets: Evidence from a New Wharton Index

Joseph Gyourko, Jonathan Hartley and Jacob Krimmel

26572: How Do Campaigns Shape Vote Choice? Multi-Country Evidence from 62 Elections and 56 TV Debates

Caroline Le Pennec and Vincent Pons

26571: Who Pays for and Who Benefits from Minimum Wage Increases? Evidence from Israeli Tax Data on Business Owners and Workers

Lev Drucker, Katya Mazirov and David Neumark

26570: Non-Linear Effects of Tax Changes on Output: The Role of the Initial Level of Taxation

Samara Gunter, Daniel Riera-Crichton, Carlos Vegh and Guillermo Vuletin

26569: Forecasting with a Panel Tobit Model

Laura Liu, Hyungsik Moon and Frank Schorfheide

26568: Revealed Preference Analysis of School Choice Models

Nikhil Agarwal and Paulo Somaini

26567: Social Media and Xenophobia: Evidence from Russia

Leonardo Bursztyn, Georgy Egorov, Ruben Enikolopov and Maria Petrova

26566: Using Wasserstein Generative Adversarial Networks for the Design of Monte Carlo Simulations

Susan Athey, Guido Imbens, Jonas Metzger and Evan M. Munro

26565: Skewed Business Cycles

Sergio Salgado Ibáñez, Fatih Guvenen and Nicholas Bloom

26564: Government Guarantees and Bank Vulnerability during a Crisis: Evidence from an Emerging Market

Viral Acharya and Nirupama Kulkarni

26563: Local Exposure to School Shootings and Youth Antidepressant Use

Maya Rossin-Slater, Molly Schnell, Hannes Schwandt, Sam Trejo and Lindsey Uniat