NBER Working Papers

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26546: Balance Sheet Insolvency and Contribution Revenue in Public Charities

Tatiana Homonoff, Thomas L. Spreen and Travis St.Clair

26545: Endogenous Corporate Leverage Response to a Safer Macro Environment: The Case of Foreign Exchange Reserve Accumulation

Hui Tong and Shang-Jin Wei

26544: Wealth Taxation in the United States

Edward N. Wolff

26543: Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy

Lucian Bebchuk and Scott Hirst

26542: Services Development and Comparative Advantage in Manufacturing

Xuepeng Liu, Aaditya Mattoo, Zhi Wang and Shang-Jin Wei

26541: From Fog to Smog: the Value of Pollution Information

Panle Barwick, Shanjun Li, Liguo Lin and Eric Zou

26540: Going Green in China: Firms’ Responses to Stricter Environmental Regulations

Haichao Fan, Joshua Graff Zivin, Zonglai Kou, Xueyue Liu and Huanhuan Wang

26539: Conceptual Aspects of Global Value Chains

Pol Antras

26538: Q-factors and Investment CAPM

Lu Zhang

26537: China's Unconventional Nationwide CO₂ Emissions Trading System: The Wide-Ranging Impacts of an Implicit Output Subsidy

Lawrence H. Goulder, Xianling Long, Jieyi Lu and Richard Morgenstern

26536: The Effects of Immigration on the Economy: Lessons from the 1920s Border Closure

Ran Abramitzky, Philipp Ager, Leah Boustan, Elior Cohen and Casper Hansen

26535: Rethinking Production Under Uncertainty

John Cochrane

26534: More (or Less) Economic Limits of the Blockchain

Joshua Gans and Neil Gandal

26533: Health Insurance and Mortality: Experimental Evidence from Taxpayer Outreach

Jacob Goldin, Ithai Z. Lurie and Janet McCubbin

26532: Evaluating the Success of President Johnson’s War on Poverty: Revisiting the Historical Record Using an Absolute Full-Income Poverty Measure

Richard Burkhauser, Kevin Corinth, James Elwell and Jeff Larrimore

26531: Using Machine Learning to Target Treatment: The Case of Household Energy Use

Christopher Knittel and Samuel Stolper

26530: The Old Boys' Club: Schmoozing and the Gender Gap

Zoë B. Cullen and Ricardo Perez-Truglia

26529: Measuring and Using Happiness to Support Public Policies

John Helliwell

26528: Does Household Electrification Supercharge Economic Development?

Kenneth Lee, Edward Miguel and Catherine Wolfram

26527: Income and Wealth Volatility: Evidence from Italy and the U.S. in the Past Two Decades

Conchita D'Ambrosio, Giorgia Menta and Edward N. Wolff

26526: The Shrinking Advantage of Market Potential

Marius Brülhart, Klaus Desmet and Gian-Paolo Klinke

26525: The Firm's Role in Displaced Workers' Earnings Losses

Brendan Moore and Judith Scott-Clayton

26524: The Geography of Prescription Pharmaceuticals Supplied to the U.S.: Levels, Trends and Implications

Neriman Beste Kaygisiz, Yashna Shivdasani, Rena Conti and Ernst R. Berndt

26523: Does a One-Size-Fits-All Minimum Wage Cause Financial Stress for Small Businesses?

Sudheer Chava, Alexander Oettl and Manpreet Singh

26522: Estimating Biases in Smoking Cessation: Evidence from a Field Experiment

Frank Chaloupka, Matthew R. Levy and Justin S. White

26521: Hidden in Plain Sight: Venture Growth with or without Venture Capital

Christian Catalini, Jorge Guzman and Scott Stern

26520: Pledgeability and Asset Prices: Evidence from the Chinese Corporate Bond Markets

Hui Chen, Zhuo Chen, Zhiguo He, Jinyu Liu and Rengming Xie

26519: Labor in the Boardroom

Simon Jäger, Benjamin Schoefer and Jörg Heining

26518: Cognitive Uncertainty

Benjamin Enke and Thomas Graeber

26517: Text Selection

Bryan T. Kelly, Asaf Manela and Alan Moreira

26516: Subjective Parental Beliefs: Their Measurement and Role

Orazio Attanasio, Flavio Cunha and Pamela Jervis

26515: Moved to Vote: The Long-Run Effects of Neighborhoods on Political Participation

Eric Chyn and Kareem Haggag

26514: Valuing Private Equity Strip by Strip

Arpit Gupta and Stijn Van Nieuwerburgh

26513: Disability Insurance: Error Rates and Gender Differences

Hamish Low and Luigi Pistaferri

26512: The Surprising Hybrid Pedigree of Measures of Diversity and Economic Concentration

Paolo M. Adajar, Ernst R. Berndt and Rena Conti

26511: Decision-Making in Complex Households

Marcos Rangel and Duncan Thomas

26510: Hot Shots: An Analysis of the ‘Hot Hand’ in NBA Field Goal and Free Throw Shooting

Robert M. Lantis and Erik Nesson

26509: Does Virtual Advising Increase College Enrollment? Evidence from a Random Assignment College Access Field Experiment

Meredith Phillips and Sarah J. Reber

26508: Predicting Insurance Demand from Risk Attitudes

Johannes G. Jaspersen, Marc A. Ragin and Justin R. Sydnor

26507: The Investment Network, Sectoral Comovement, and the Changing U.S. Business Cycle

Christian vom Lehn and Thomas Winberry

26506: The Impact of E-Commerce on Relative Prices and Consumer Welfare

Yoon Jo, Misaki Matsumura and David Weinstein

26505: Does High Frequency Social Media Data Improve Forecasts of Low Frequency Consumer Confidence Measures?

Steven Lehrer, Tian Xie and Tao Zeng

26504: The Impact of Expanding Public Health Insurance on Safety Net Program Participation: Evidence from the ACA Medicaid Expansion

Lucie Schmidt, Lara Shore-Sheppard and Tara Watson

26503: Demographic Obstacles to European Growth

Thomas Cooley, Espen Henriksen and Edwin Nusbaum

26502: O Brother, Where Start Thou? Sibling Spillovers in College Enrollment

Joshua Goodman, Michael Hurwitz, Christine Mulhern and Jonathan Smith

26501: Regional Data in Macroeconomics: Some Advice for Practitioners

Gabriel Chodorow-Reich

26500: Origins of the Opioid Crisis and Its Enduring Impacts

Abby E. Alpert, William Evans, Ethan Lieber and David Powell

26499: Using Network Method to Measure Financial Interconnection

Ying Xu and Jenny Corbett

26498: Building Emergency Savings Through Employer-Sponsored Rainy-day Savings Accounts

John Beshears, James Choi, Mark Iwry, David John, David Laibson and Brigitte Madrian

26497: Stranded Fossil Fuel Reserves and Firm Value

Christina Atanasova and Eduardo S. Schwartz

26496: Inflation Dynamics: Dead, Dormant, or Determined Abroad?

Kristin Forbes

26495: Does Stock Market Listing Impact Investment in Japan?

Joseph French, Ryosuke Fujitani and Yukihiro Yasuda

26494: Commonality in Credit Spread Changes: Dealer Inventory and Intermediary Distress

Zhiguo He, Paymon Khorrami and Zhaogang Song

26493: Estimating The Anomaly Base Rate

Alexander M. Chinco, Andreas Neuhierl and Michael Weber

26492: Where Have All the Children Gone? An Empirical Study of Child Abandonment and Abduction in China

Xiaojia Bao, Sebastian Galiani, Kai Li and Cheryl Long

26491: The Effects of Foreign-Born Peers in US High Schools and Middle Schools

Jason Fletcher, Jinho Kim, Jenna Nobles, Stephen Ross and Irina Shaorshadze

26490: Spillover Effects of Intellectual Property Protection in the Interwar Aircraft Industry

W Hanlon and Taylor Jaworski

26489: Water Purification Efforts and the Black-White Infant Mortality Gap, 1906-1938

D. Mark Anderson, Kerwin Kofi Charles, Daniel Rees and Tianyi Wang

26488: Driving Behavior and the Price of Gasoline: Evidence from Fueling-Level Micro Data

Christopher Knittel and Shinsuke Tanaka

26487: Racial Disparities in Voting Wait Times: Evidence from Smartphone Data

M. Keith Chen, Kareem Haggag, Devin Pope and Ryne Rohla

26486: Financing Entrepreneurship through the Tax Code: Angel Investor Tax Credits

Sabrina T. Howell and Filippo Mezzanotti

26485: The Specialness of Zero

Joshua Gans

26484: Leaning In or Not Leaning Out? Opt-Out Choice Framing Attenuates Gender Differences in the Decision to Compete

Joyce He, Sonia Kang and Nicola Lacetera

26483: The Intellectual Spoils of War? Defense R&D, Productivity and International Spillovers

Enrico Moretti, Claudia Steinwender and John van Reenen

26482: Delineating Urban Areas Using Building Density

Marie-Pierre de Bellefon, Pierre-Philippe Combes, Gilles Duranton, Laurent Gobillon and Clément Gorin

26481: The Impact of the General Data Protection Regulation on Internet Interconnection

Ran Zhuo, Bradley Huffaker, Claffy Kc and Shane Greenstein

26480: Teacher Effects on Student Achievement and Height: A Cautionary Tale

Marianne Bitler, Sean Corcoran, Thurston Domina and Emily Penner

26479: Does the Lack of Financial Stability Impair the Transmission of Monetary Policy?

Viral Acharya, Bjorn Imbierowicz, Sascha Steffen and Daniel Teichmann

26478: Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Investigation

Alejandro Izquierdo, Ruy Lama, Juan Medina, Jorge Puig, Daniel Riera-Crichton, Carlos Vegh and Guillermo Vuletin

26477: Does Electricity Drive Structural Transformation? Evidence from the United States

Paul Gaggl, Rowena Gray, Ioana Marinescu and Miguel Morin

26476: The Earned Income Tax Credit and Infant Health Revisited

Daniel Dench and Ted Joyce

26475: Shrinking the Tax Gap: Approaches and Revenue Potential

Natasha Sarin and Lawrence Summers

26474: Beveridgean Unemployment Gap

Pascal Michaillat and Emmanuel Saez

26473: A Theory of Economic Unions

Gino Gancia, Giacomo Ponzetto and Jaume Ventura

26472: Does One Medicare Fit All? The Economics of Uniform Health Insurance Benefits

Mark Shepard, Katherine Baicker and Jonathan Skinner

26471: Monetary Easing, Leveraged Payouts and Lack of Investment

Viral Acharya and Guillaume Plantin

26470: Innovation, Growth, and Dynamic Gains from Trade

Wen-Tai Hsu, Raymond Riezman and Ping Wang

26469: Endogenous Leverage and Default in the Laboratory

Marco Cipriani, Ana Fostel and Daniel Houser

26468: Trade Wars, Technology and Productivity

Ching-mu Chen, Wan-Jung Cheng, Shin-Kun Peng, Raymond Riezman and Ping Wang

26467: Selection with Variation in Diagnostic Skill: Evidence from Radiologists

David C. Chan, Matthew Gentzkow and Chuan Yu

26466: Consumption Insurance Against Wage Risk: Family Labor Supply and Optimal Progressive Income Taxation

Chunzan Wu and Dirk Krueger

26465: Choosing Racial Identity in the United States, 1880-1940

Ricardo Dahis, Emily Nix and Nancy Qian

26464: Redeemable Platform Currencies

Yang You and Kenneth Rogoff

26463: The Surrogate Index: Combining Short-Term Proxies to Estimate Long-Term Treatment Effects More Rapidly and Precisely

Susan Athey, Raj Chetty, Guido Imbens and Hyunseung Kang

26462: Do Minimum Wages Reduce Employment in Developing Countries? A Survey and Exploration of Conflicting Evidence

David Neumark and Luis Felipe Munguia Corella

26461: A Global View of Creative Destruction

Chang-Tai Hsieh, Peter J. Klenow and Ishan B. Nath

26460: Does The Market Reward Quality?: Evidence from India

Zachary Wagner, Somalee Banerjee, Manoj Mohanan and Neeraj Sood

26459: Some Contributions of Economics to the Study of Personality

James Heckman, Tomáš Jagelka and Timothy D. Kautz

26458: Why Do Firms Borrow Directly from Nonbanks?

Sergey Chernenko, Isil Erel and Robert Prilmeier

26457: Economic Consequences of Housing Speculation

Zhenyu Gao, Michael Sockin and Wei Xiong

26456: Recruit to Reject? Harvard and African American Applicants

Peter Arcidiacono, Josh Kinsler and Tyler Ransom

26455: How do Hospitals Respond to Payment Incentives?

Gautam Gowrisankaran, Keith A. Joiner and Jianjing Lin

26454: The Welfare Magnet Hypothesis: Evidence From an Immigrant Welfare Scheme in Denmark

Ole Agersnap, Amalie Sofie Jensen and Henrik Kleven

26453: Skill Prices, Occupations, and Changes in the Wage Structure for Low Skilled Men

Nicolas Roys and Christopher R. Taber

26452: Tax Prices and Charitable Giving: Projected Changes in Donations Under the 2017 TCJA

Jonathan Meer and Benjamin A. Priday

26451: Rules without Commitment: Reputation and Incentives

Alessandro Dovis and Rishabh Kirpalani

26450: A Phillips Curve for the Euro Area

Laurence Ball and Sandeep Mazumder

26449: Networking Frictions in Venture Capital, and the Gender Gap in Entrepreneurship

Sabrina T. Howell and Ramana Nanda

26448: A Theory of Falling Growth and Rising Rents

Philippe Aghion, Antonin Bergeaud, Timo Boppart, Peter J. Klenow and Huiyu Li

26447: Capital Controls: Theory and Evidence

Bilge Erten, Anton Korinek and José Antonio Ocampo