NBER Working Papers

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25327: The Effects of Medicare Advantage on Opioid Use

Laurence C. Baker, Kate Bundorf and Daniel Kessler

25326: Equity Concerns are Narrowly Framed

Christine L. Exley and Judd B. Kessler

25325: Firm Leverage and Regional Business Cycles

Xavier Giroud and Holger M. Mueller

25324: Intergenerational Mobility in Education: Variation in Geography and Time

Jason Fletcher and Joel Han

25323: Investment Returns and Distribution Policies of Non-Profit Endowment Funds

Sandeep Dahiya and David Yermack

25322: The Heterogeneous Effect of Affirmative Action on Performance

Anat Bracha, Alma Cohen and Lynn Conell-Price

25321: Transitional Dynamics in Aggregate Models of Innovative Investment

Andrew Atkeson, Ariel Burstein and Manolis Chatzikonstantinou

25320: Shackling the Identification Police?

Christopher Ruhm

25319: Money Markets, Collateral and Monetary Policy

Fiorella De Fiore, Marie Hoerova, Ciaran Rogers and Harald Uhlig

25318: The Causal Link between Relative Age Effect and Entrepreneurship: Evidence from 17 Million Users across 49 Years on Taobao

Youwei Wang, Yuxin Chen and Yi Qian

25317: Low Inflation: High Default Risk AND High Equity Valuations

Harjoat Bhamra, Christian Dorion, Alexandre Jeanneret and Michael Weber

25316: Information Costs and Sequential Information Sampling

Benjamin Hebert and Michael Woodford

25315: Elite Schools and Opting In: Effects of College Selectivity on Career and Family Outcomes

Suqin Ge, Elliott Isaac and Amalia Miller

25314: Why is Math Cheaper than English? Understanding Cost Differences in Higher Education

Steven W. Hemelt, Kevin Stange, Fernando Furquim, Andrew Simon and John E. Sawyer

25313: Unions and Wage Inequality: The Roles of Gender, Skill and Public Sector Employment

David Card, Thomas Lemieux and W. Craig Riddell

25312: Do Children Benefit from Internet Access? Experimental Evidence from Peru

Ofer Malamud, Santiago Cueto, Julian Cristia and Diether Beuermann

25311: Women, Wealth Effects, and Slow Recoveries

Masao Fukui, Emi Nakamura and Jon Steinsson

25310: Investor Rewards to Climate Responsibility: Evidence from the 2016 Climate Policy Shock

Stefano Ramelli, Alexander Wagner, Richard Zeckhauser and Alexandre Ziegler

25309: Policy Evolution under the Clean Air Act

Richard Schmalensee and Robert Stavins

25308: Taking Time Use Seriously: Income, Wages And Price Discrimination

Daniel Hamermesh and Jeff Biddle

25307: Treatment Effects with Multiple Outcomes

John Mullahy

25306: Free for Children? Patient Cost-sharing and Healthcare Utilization

Toshiaki Iizuka and Hitoshi Shigeoka

25305: Testing, Stress, and Performance: How Students Respond Physiologically to High-Stakes Testing

Jennifer Heissel, Emma K. Adam, Jennifer Doleac, David Figlio and Jonathan Meer

25304: The Returns to Parental Health: Evidence from Indonesia

Dara Lee Luca and David Bloom

25303: The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy

Ernesto Pasten, Raphael Schoenle and Michael Weber

25302: The Abolition of Immigration Restrictions and the Performance of Firms and Workers: Evidence from Switzerland

Andreas Beerli, Jan Ruffner, Michael Siegenthaler and Giovanni Peri

25301: The Effect of the Economic Collapse in Iceland on the Probability of Cardiovascular Events

Kristín H. Birgisdóttir, Arna Hauksdóttir, Christopher Ruhm, Unnur Anna Valdimarsdóttir and Tinna Laufey Ásgeirsdóttir

25300: In the Shadows of the Government: Relationship Building During Political Turnovers

Hanming Fang, Zhe Li, Nianhang Xu and Hongjun Yan

25299: Pension Reform and Return to Work Policies

Maria Fitzpatrick

25298: Improving Last-Mile Service Delivery using Phone-Based Monitoring

Karthik Muralidharan, Paul Niehaus, Sandip Sukhtankar and Jeffrey Weaver

25297: China's Real Estate Market

Chang Liu and Wei Xiong

25296: The Mandarin Model of Growth

Wei Xiong

25295: Techies, Trade, and Skill-Biased Productivity

James Harrigan, Ariell Reshef and Farid Toubal

25294: Job Seekers' Perceptions and Employment Prospects: Heterogeneity, Duration Dependence and Bias

Andreas Mueller, Johannes Spinnewijn and Giorgio Topa

25293: The Microeconomic Foundations of Aggregate Production Functions

David Baqaee and Emmanuel Farhi

25292: Partisan Professionals: Evidence from Credit Rating Analysts

Elisabeth Kempf and Margarita Tsoutsoura

25291: WIC Participation and Relative Quality of Household Food Purchases: Evidence from FoodAPS

Di Fang, Michael R. Thomsen, Rodolfo Nayga and Aaron M. Novotny

25290: High-Capacity Donors’ Preferences for Charitable Giving

Mackenzie Alston, Catherine Eckel, Jonathan Meer and Wei Zhan

25289: Geographical Roots of the Coevolution of Cultural and Linguistic Traits

Oded Galor, Ömer Özak and Assaf Sarid

25288: Some Evidence on Secular Drivers of U.S. Safe Real Rates

Kurt Lunsford and Kenneth West

25287: The Economic Assimilation of Irish Famine Migrants to the United States

William Collins and Ariell Zimran

25286: Organizing Global Supply Chains: Input Cost Shares and Vertical Integration

Giuseppe Berlingieri, Frank Pisch and Claudia Steinwender

25285: Drivers of the Great Housing Boom-Bust: Credit Conditions, Beliefs, or Both?

Josue Cox and Sydney Ludvigson

25284: The Contribution of Patients and Providers to the Overuse of Prescription Drugs

Carolina Lopez, Anja Sautmann and Simone Schaner

25283: Tax Reform Made Me Do It!

Michelle Hanlon, Jeffrey Hoopes and Joel Slemrod

25282: Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia

Emmanuel Farhi and Francois Gourio

25281: The Evolution of Retirement Incentives in the U.S

Courtney Coile

25280: Social Security Programs and Retirement Around the World: Reforms and Retirement Incentives – Introduction and Summary

Axel H. Börsch-Supan and Courtney Coile

25279: Incentivized Peer Referrals for Tuberculosis Screening: Evidence from India

Jessica Goldberg, Mario Macis and Pradeep Chintagunta

25278: Historical Legacies and African Development

Stelios Michalopoulos and Elias Papaioannou

25277: Foreseen Risks

João Gomes, Marco Grotteria and Jessica Wachter

25276: Volatility Risk Pass-through

Riccardo Colacito, Mariano Croce, Yang Liu and Ivan Shaliastovich

25275: The Micro-Level Anatomy of the Labor Share Decline

Matthias Kehrig and Nicolas Vincent

25274: Rationalizing Rational Expectations? Tests and Deviations

Xavier D'Haultfoeuille, Christophe Gaillac and Arnaud Maurel

25273: Climatic Roots of Loss Aversion

Oded Galor and Viacheslav Savitskiy

25272: Learning by Suffering? Patterns in Flu Shot Take-up

Ginger Zhe Jin and Thomas G. Koch

25271: Green Technology Diffusion: A Post-Mortem Analysis of the Eco-Patent Commons

Jorge L. Contreras, Bronwyn Hall and Christian Helmers

25270: Non-Randomly Sampled Networks: Biases and Corrections

Chih-Sheng Hsieh, Stanley Iat-Meng Ko, Jaromír Kovářík and Trevon Logan

25269: Heterogeneity in Expectations, Risk Tolerance, and Household Stock Shares: The Attenuation Puzzle

John Ameriks, Gabor Kezdi, Minjoon Lee and Matthew Shapiro

25268: Benchmark Regulation of Multiproduct Firms: An Application to the Rail Industry

Wesley Wilson and Frank A. Wolak

25267: Border Walls

Treb Allen, Caue Dobbin and Melanie Morten

25266: Measuring Technological Innovation over the Long Run

Bryan Kelly, Dimitris Papanikolaou, Amit Seru and Matt Taddy

25265: Long-term and Intergenerational Effects of Education: Evidence from School Construction in Indonesia

Richard Akresh, Daniel Halim and Marieke Kleemans

25264: Health and the Wage: Cause, Effect, Both, or Neither? New Evidence on an Old Question

Daniel Dench and Michael Grossman

25263: Do Male Workers Prefer Male Leaders? An Analysis of Principals' Effects on Teacher Retention

Aliza N. Husain, David A. Matsa and Amalia Miller

25262: How Much of Barrier to Entry is Occupational Licensing?

Peter Blair and Bobby (Wing Yin) Chung

25261: A Lifetime of Changes: State Pensions and Work Incentives at Older Ages in the UK, 1948-2018

James Banks and Carl Emmerson

25260: The Paper Money of Colonial North Carolina, 1712–74: Reconstructing the Evidence

Cory Cutsail and Farley Grubb

25259: Measuring the Impact of Household Innovation using Administrative Data

Javier Miranda and Nikolas Zolas

25258: Designed to Fail: Effects of the Default Option and Information Complexity on Student Loan Repayment

James Cox, Daniel Kreisman and Susan Dynarski

25257: When Fair Isn't Fair: Understanding Choice Reversals Involving Social Preferences

James Andreoni, Deniz Aydin, Blake Barton, B. Douglas Bernheim and Jeffrey Naecker

25256: An Analysis of Puerto Rico's Debt Relief Needs to Restore Debt Sustainability

Pablo Gluzmann, Martin Guzman and Joseph Stiglitz

25255: Teacher Expectations Matter

Nicholas Papageorge, Seth Gershenson and Kyung Min Kang

25254: The Long-Run Impacts of Same-Race Teachers

Seth Gershenson, Cassandra M. D. Hart, Joshua Hyman, Constance Lindsay and Nicholas Papageorge

25253: Market Access, Trade Costs, and Technology Adoption: Evidence from Northern Tanzania

Shilpa Aggarwal, Brian Giera, Dahyeon Jeong, Jonathan Robinson and Alan Spearot

25252: Reputation Cycles and Earnings Dynamics

Boyan Jovanovic and Julien Prat

25251: Using Empirical Marginal Cost to Measure Market Power in the US Economy

Robert Hall

25250: Social Security Programs and Employment at Older Ages in the Netherlands

Klaas de Vos, Arie Kapteyn and Adriaan Kalwij

25249: Accounting for Firm Heterogeneity within U.S. Industries: Extended Supply-Use Tables and Trade in Value Added using Enterprise and Establishment Level Data

James J. Fetzer, Tina Highfill, Kassu W. Hossiso, Thomas F. Howells, III, Erich H. Strassner and Jeffrey A. Young

25248: The Short-Run Effects of GDPR on Technology Venture Investment

Jian Jia, Ginger Zhe Jin and Liad Wagman

25247: Globalization, Gender, and the Family

Wolfgang Keller and Hale Utar

25246: Collateral Damage: The Impact of Foreclosures on New Home Mortgage Lending in the 1930s

Price Fishback, Sebastian Fleitas, Jonathan Rose and Kenneth Snowden

25245: Who Profits from Patents? Rent-Sharing at Innovative Firms

Patrick Kline, Neviana Petkova, Heidi Williams and Owen Zidar

25244: The Impact of Medicaid Expansion on Voter Participation: Evidence from the Oregon Health Insurance Experiment

Katherine Baicker and Amy Finkelstein

25243: Social Security Programs and the Elderly Employment in Japan

Takashi Oshio, Akiko S. Oishi and Satoshi Shimizutani

25242: Factor Incomes in Global Value Chains: The Role of Intangibles

Wen Chen, Bart Los and Marcel Timmer

25241: Heterogeneous Environmental and Grid Benefits from Rooftop Solar and the Costs of Inefficient Siting Decisions

Steven Sexton, Justin Kirkpatrick, Robert Harris and Nicholas Muller

25240: Minimum Wages and the Distribution of Family Incomes

Arindrajit Dube

25239: A Monetary Model of Bilateral Over-the-Counter Markets

Ricardo Lagos and Shengxing Zhang

25238: Saving Regret

Axel H. Börsch-Supan, Tabea Bucher-Koenen, Michael Hurd and Susann Rohwedder

25237: Political Discretion and Antitrust Policy: Evidence from the Assassination of President McKinley

Richard B. Baker, Carola Frydman and Eric Hilt

25236: Long Time Out: Unemployment and Joblessness in Canada and the United States

Kory Kroft, Fabian Lange, Matthew Notowidigdo and Matthew Tudball

25235: Bankable Prices

Garth Heutel

25234: Semiparametrically Efficient Estimation of the Average Linear Regression Function

Bryan Graham and Cristine Pinto

25233: Attributing Medical Spending to Conditions: A Comparison of Methods

David Cutler, Kaushik Ghosh, Irina Bondarenko, Kassandra Messer, Trivellore Raghunathan, Susan Stewart and Allison B. Rosen

25232: Arbitrage Or Narrow Bracketing? On Using Money to Measure Intertemporal Preferences

James Andreoni, Christina Gravert, Michael Kuhn, Silvia Saccardo and Yang Yang

25231: Longer-Run Effects of Anti-Poverty Policies on Disadvantaged Neighborhoods

David Neumark, Brian Asquith and Brittany Bass

25230: Wages and the Value of Nonemployment

Simon Jäger, Benjamin Schoefer, Samuel Young and Josef Zweimüller

25229: The Effect of Physical and Cognitive Decline at Older Ages on Job Mismatch and Retirement

Peter Hudomiet, Michael Hurd, Susann Rohwedder and Robert J. Willis

25228: Firm R&D Investment and Export Market Exposure

Bettina Peters, Mark Roberts and Vuong Van Anh