NBER Working Papers

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25562: Immigration and Preferences for Redistribution in Europe

Alberto Alesina, Elie Murard and Hillel Rapoport

25561: Ambiguity Attitudes about Investments: Evidence from the Field

Kanin Anantanasuwong, Roy Kouwenberg, Olivia Mitchell and Kim Peijnenberg

25560: Bringing Satellite-Based Air Quality Estimates Down to Earth

Meredith Fowlie, Edward Rubin and Reed Walker

25559: The Endowment Model and Modern Portfolio Theory

Stephen Dimmock, Neng Wang and Jinqiang Yang

25558: Productivity Measurement: Racing to Keep Up

Daniel Sichel

25557: How Do Americans Repay Their Debt? The Balance-Matching Heuristic

John Gathergood, Neale Mahoney, Neil Stewart and Jörg Weber

25556: Retirement Implications of a Low Wage Growth, Low Real Interest Rate Economy

Jason Scott, John B. Shoven, Sita Slavov and John G. Watson

25555: De Facto or De Jure? Ethnic Differences in Quit Responses to Legal Protections of Medical Marijuana Dispensaries

Jenny Williams, Rosalie Pacula and Rosanna Smart

25554: Market Expectations About Climate Change

Wolfram Schlenker and Charles Taylor

25553: Do Trade Creditors Possess Private Information? Stock Returns Evidence

David Hirshleifer, Yifan Li, Ben Lourie and Thomas Ruchti

25552: Paying to Program? Engineering Brand and High-Tech Wages

Prasanna Tambe, Xuan Ye and Peter Cappelli

25551: Factor Momentum and the Momentum Factor

Sina Ehsani and Juhani T. Linnainmaa

25550: Job creation in Colombia vs the U.S.: “up or out dynamics” meets “the life cycle of plants”

Marcela Eslava, John Haltiwanger and Alvaro Pinzón

25549: Chinese Bond Market and Interbank Market

Marlene Amstad and Zhiguo He

25548: Discrimination In The Age Of Algorithms

Jon Kleinberg, Jens Ludwig, Sendhil Mullainathan and Cass Sunstein

25547: Contract Enforcement and Productive Efficiency: Evidence from the Bidding and Renegotiation of Power Contracts in India

Nicholas Ryan

25546: Tax Policy and Local Labor Market Behavior

Daniel Garrett, Eric C. Ohrn and Juan Carlos Suárez Serrato

25545: The Hidden Costs of Securing Innovation: The Manifold Impacts of Compulsory Invention Secrecy

Daniel Gross

25544: General Equilibrium Effects in Space: Theory and Measurement

Rodrigo Adão, Costas Arkolakis and Federico Esposito

25543: Sovereign Bonds since Waterloo

Josefin Meyer, Carmen Reinhart and Christoph Trebesch

25542: Fully Closed: Individual Responses to Realized Gains and Losses

Steffen Meyer and Michaela Pagel

25541: Technological Progress and Health Convergence: The Case of Penicillin in Post-War Italy

Marcella Alsan, Vincenzo Atella, Jay Bhattacharya, Valentina Conti, Iván Mejía-Guevara and Grant Miller

25540: We are all Behavioral, More or Less: Measuring and Using Consumer-level Behavioral Sufficient Statistics

Victor Stango and Jonathan Zinman

25539: Import Competition, Heterogeneous Preferences of Managers, and Productivity

Cheng Chen and Claudia Steinwender

25538: Universal Basic Income in the US and Advanced Countries

Hilary Hoynes and Jesse Rothstein

25537: Estimating the Economic Impacts of Climate Change Using Weather Observations

Charles Kolstad and Frances C. Moore

25536: Narratives about Technology-Induced Job Degradations Then and Now

Robert Shiller

25535: Born in the Family: Preferences for Boys and the Gender Gap in Math

Gaia Dossi, David Figlio, Paola Giuliano and Paola Sapienza

25534: Intergenerational Mobility in Africa

Alberto Alesina, Sebastian Hohmann, Stelios Michalopoulos and Elias Papaioannou

25533: The Economics of Parenting

Matthias Doepke, Giuseppe Sorrenti and Fabrizio Zilibotti

25532: Synthetic Difference In Differences

Dmitry Arkhangelsky, Susan Athey, David A. Hirshberg, Guido Imbens and Stefan Wager

25531: Ten Years after the Financial Crisis: What Have We Learned from the Renaissance in Fiscal Research?

Valerie Ramey

25530: A Panel-based Proxy for Gun Prevalence in the US

Daniel Cerqueira, Danilo Coelho, John Donohue, Marcelo Fernandes and Jony Arrais Pinto

25529: Fading Stars

German Gutierrez and Thomas Philippon

25528: Judging Judge Fixed Effects

Brigham R. Frandsen, Lars Lefgren and Emily Leslie

25527: Intergenerational Effects of Welfare Reform: Adolescent Delinquent and Risky Behaviors

Dhaval Dave, Hope Corman, Ariel Kalil, Ofira Schwartz-Soicher and Nancy Reichman

25526: Understanding the Correlation between Alzheimer’s Disease Polygenic Risk, Wealth, and the Composition of Wealth Holdings

Su H. Shin, Dean R. Lillard and Jay Bhattacharya

25525: Bank of Japan Equity Purchases: The (Non-)Effects of Extreme Quantitative Easing

Ben Charoenwong, Randall Morck and Yupana Wiwattanakantang

25524: Child Penalties Across Countries: Evidence and Explanations

Henrik Kleven, Camille Landais, Johanna Posch, Andreas Steinhauer and Josef Zweimüller

25523: The Monetary and Fiscal History of Bolivia, 1960–2017

Timothy Kehoe, Carlos Machicado Salas and José Peres-Cajías

25522: Strict ID Laws Don’t Stop Voters: Evidence from a U.S. Nationwide Panel, 2008–2018

Enrico Cantoni and Vincent Pons

25521: Fertility Trends in the United States, 1980-2017: The Role of Unintended Births

Kasey Buckles, Melanie Guldi and Lucie Schmidt

25520: Optimal Corporate Taxation Under Financial Frictions

Eduardo Davila and Benjamin Hebert

25519: Average Crossing Time: An Alternative Characterization of Mean Aversion and Reversion

John B. Donaldson and Rajnish Mehra

25518: Do Immigrants Delay Retirement and Social Security Claiming?

Mary Lopez and Sita Slavov

25517: Endogenous Trade Protection and Exchange Rate Adjustment

Stéphane Auray, Michael Devereux and Aurélien Eyquem

25516: How Elastic is the Demand for Tax Havens? Evidence from the US Possessions Corporations Tax Credit

Daniel Garrett and Juan Carlos Suárez Serrato

25515: Big Data and Firm Dynamics

Maryam Farboodi, Roxana Mihet, Thomas Philippon and Laura Veldkamp

25514: The Welfare Effects of Social Media

Hunt Allcott, Luca Braghieri, Sarah Eichmeyer and Matthew Gentzkow

25513: Parental Beliefs about Returns to Different Types of Investments in School Children

Orazio Attanasio, Teodora Boneva and Christopher Rauh

25512: The Nonpuzzling Behavior of Median Inflation

Laurence Ball and Sandeep Mazumder

25511: Is Inflation Just Around the Corner? The Phillips Curve and Global Inflationary Pressures

Olivier Coibion, Yuriy Gorodnichenko and Mauricio Ulate

25510: Storable Votes and Quadratic Voting. An Experiment on Four California Propositions

Alessandra Casella and Luis Sanchez

25509: Immigrant Networking and Collaboration: Survey Evidence from CIC

Sari Pekkala Kerr and William Kerr

25508: Incorporation, and Productivity

Robert Barro and Brian Wheaton

25507: Non-linear Incentives, Worker Productivity, and Firm Profits: Evidence from a Quasi-experiment

Richard Freeman, Wei Huang and Teng Li

25506: Tolerance and Compromise in Social Networks

Garance Genicot

25505: Low Interest Rates, Market Power, and Productivity Growth

Ernest Liu, Atif Mian and Amir Sufi

25504: Meta-Analysis for Medical Decisions

Charles Manski

25503: Effects of Photo ID Laws on Registration and Turnout: Evidence from Rhode Island

Francesco Maria Esposito, Diego Focanti and Justine Hastings

25502: Employment Structure and the Rise of the Modern Tax System

Anders Jensen

25501: Occupy Government: Democracy and the Dynamics of Personnel Decisions and Public Sector Performance

Klenio Barbosa and Fernando Ferreira

25500: Trends in the Diffusion of Misinformation on Social Media

Hunt Allcott, Matthew Gentzkow and Chuan Yu

25499: Different Strokes for Different Folks: Experimental Evidence on the Effectiveness of Input and Output Incentive Contracts for Health Care Providers with Varying Skills

Manoj Mohanan, Katherine Donato, Grant Miller, Yulya Truskinovsky and Marcos Vera-Hernandez

25498: The Costs and Benefits of Caring: Aggregate Burdens of an Aging Population

Finn Kydland and Nick Pretnar

25497: Naive Learning with Uninformed Agents

Abhijit Banerjee, Emily Breza, Arun Chandrasekhar and Markus Mobius

25496: IQ, Expectations, and Choice

Francesco D’Acunto, Daniel Hoang, Maritta Paloviita and Michael Weber

25495: Does Parental Quality Matter? Evidence on the Transmission of Human Capital Using Variation in Parental Influence from Death, Divorce, and Family Size

Eric Gould, Avi Simhon and Bruce Weinberg

25494: Public Debt Through the Ages

Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves and Kris James Mitchener

25493: Do Tax Cuts Produce More Einsteins? The Impacts of Financial Incentives vs. Exposure to Innovation on the Supply of Inventors

Alex Bell, Raj Chetty, Xavier Jaravel, Neviana Petkova and John van Reenen

25492: Marginal Jobs and Job Surplus: A Test of the Efficiency of Separations

Simon Jäger, Benjamin Schoefer and Josef Zweimüller

25491: Is There a Demand for Reverse Mortgages in China? Evidence from Two Online Surveys

Katja Hanewald, Hazel Bateman, Hanming Fang and Shang Wu

25490: Change and Persistence in the Age of Modernization: Saint-Germain-d'Anxure 1730-1895

Guillaume Blanc and Romain Wacziarg

25489: Does Pollution Drive Achievement? The Effect of Traffic Pollution on Academic Performance

Jennifer Heissel, Claudia Persico and David Simon

25488: The Impact of the Affordable Care Act: Evidence from California's Hospital Sector

Mark Duggan, Atul Gupta and Emilie Jackson

25487: The Welfare Effects of Transportation Infrastructure Improvements

Treb Allen and Costas Arkolakis

25486: Does School Lunch Fill the “SNAP Gap” at the End of the Month?

Agustina Laurito and Amy Schwartz

25485: Uncertainty about Future Income: Initial Beliefs and Resolution During College

Yifan Gong, Ralph Stinebrickner and Todd Stinebrickner

25484: Social Progress and Corporate Culture

Gary Gorton and Alexander K. Zentefis

25483: How Many Life-Years Have New Drugs Saved? A 3-Way Fixed-Effects Analysis of 66 Diseases in 27 Countries, 2000-2013

Frank Lichtenberg

25482: Monetary Policy Communications and their Effects on Household Inflation Expectations

Olivier Coibion, Yuriy Gorodnichenko and Michael Weber

25481: Taming the Factor Zoo: A Test of New Factors

Guanhao Feng, Stefano Giglio and Dacheng Xiu

25480: Wartime Health Shocks and the Postwar Socioeconomic Status and Mortality of Union Army Veterans and their Children

Dora Costa, Noelle Yetter and Heather DeSomer

25479: Measuring Opportunity in U.S. Higher Education

Caroline Hoxby and Sarah Turner

25478: Noisy Memory and Over-Reaction to News

Rava Azeredo da Silveira and Michael Woodford

25477: Markets for Financial Innovation

Ana Babus and Kinda Hachem

25476: Has the U.S. Wage Phillips Curve Flattened? A Semi-Structural Exploration

Jordi Galí and Luca Gambetti

25475: Can a Tiger Change Its Stripes? Reform of Chinese State-Owned Enterprises in the Penumbra of the State

Ann Harrison, Marshall Meyer, Peichun Wang, Linda Zhao and Minyuan Zhao

25474: The Effect of Superstition on Health: Evidence from the Taiwanese Ghost Month

Martin Halla, Chia-Lun Liu and Jin-Tan Liu

25473: Active Choice, Implicit Defaults, and the Incentive to Choose

John Beshears, James Choi, David Laibson and Brigitte Madrian

25472: An Extra Year to Learn English? Early Grade Retention and the Human Capital Development of English Learners

David Figlio and Umut Özek

25471: Measuring Productivity: Lessons from Tailored Surveys and Productivity Benchmarking

David Atkin, Amit Khandelwal and Adam Osman

25470: How Prevalent Is Downward Rigidity in Nominal Wages? Evidence from Payroll Records in Washington State

Ekaterina S. Jardim, Gary Solon and Jacob Vigdor

25469: China vs. U.S.: IMS Meets IPS

Emmanuel Farhi and Matteo Maggiori

25468: Age-Based Property Tax Exemptions

Spencer Banzhaf, Ryan Mickey and Carlianne Patrick

25467: Securities Laws, Bank Monitoring, and the Choice Between Cov-lite Loans and Bonds for Highly Levered

Robert Prilmeier and René Stulz

25466: Dynamism Diminished: The Role of Housing Markets and Credit Conditions

Steven Davis and John Haltiwanger

25465: Minding Your Ps and Qs: Going from Micro to Macro in Measuring Prices and Quantities

Gabriel Ehrlich, John Haltiwanger, Ron Jarmin, David Johnson and Matthew Shapiro

25464: Aggregation and the Gravity Equation

Stephen Redding and David Weinstein

25463: Fiscal Rules and Discretion under Limited Enforcement

Marina Halac and Pierre Yared