NBER Working Papers

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25394: Social Security Reforms and the Changing Retirement Behavior in Sweden

Mårten Palme and Lisa Laun

25393: How Prevalent Is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips

Michael Elsby and Gary Solon

25392: Capital Destruction and Economic Growth: The Effects of Sherman's March, 1850-1920

James Feigenbaum, James Lee and Filippo Mezzanotti

25391: Are Energy Executives Rewarded For Luck?

Lucas Davis and Catherine Hausman

25390: Technological Spillover Effects of State Renewable Energy Policy: Evidence from Patent Counts

Wancong Fu, Chong Li, Jan Ondrich and David Popp

25389: Social Proximity and Bureaucrat Performance: Evidence from India

Guo Xu, Marianne Bertrand and Robin Burgess

25388: Certain Effects of Uncertain Taxes

James Hines and Michael Keen

25387: Female Earnings Inequality: The Changing Role of Family Characteristics on the Extensive and Intensive Margins

David Card and Dean Hyslop

25386: The Origins and Effects of Macroeconomic Uncertainty

Francesco Bianchi, Howard Kung and Mikhail Tirskikh

25385: Deposit Spreads and the Welfare Cost of Inflation

Pablo Kurlat

25384: The Effect of Grade Retention on Adult Crime: Evidence from a Test-Based Promotion Policy

Ozkan Eren, Michael Lovenheim and Naci Mocan

25383: A Survey of Empirical Evidence on Patents and Innovation

Bhaven Sampat

25382: From Population Growth to Firm Demographics: Implications for Concentration, Entrepreneurship and the Labor Share

Hugo Hopenhayn, Julian Neira and Rish Singhania

25381: Characteristics of Mutual Fund Portfolios: Where Are the Value Funds?

Martin Lettau, Sydney Ludvigson and Paulo Manoel

25380: Exchange Rates and Uncovered Interest Differentials: The Role of Permanent Monetary Shocks

Stephanie Schmitt-Grohe and Martín Uribe

25379: The Economics and Politics of Revoking NAFTA

Raphael Auer, Barthélémy Bonadio and Andrei Levchenko

25378: Gender in the Labor Market: The Role of Equal Opportunity and Family-Friendly Policies

Elizabeth L. Doran, Ann P. Bartel and Jane Waldfogel

25377: Multigenerational Effects of Early Life Health Shocks

Justin Cook, Jason Fletcher and Angela Forgues

25376: Organizational Equilibrium with Capital

Marco Bassetto, Zhen Huo and José-Víctor Ríos-Rull

25375: Social Security Incentives in Belgium: An Analysis of Four Decades of Change

Anne-Lore Fraikin, Alain Jousten and Mathieu Lefebvre

25374: Reinsurance, Repayments, and Risk Adjustment in Individual Health Insurance: Germany, The Netherlands and the U.S. Marketplaces

Thomas G. McGuire, Sonja Schillo and Richard C. van Kleef

25373: A Global Safe Asset for and from Emerging Market Economies

Markus Brunnermeier and Lunyang Huang

25372: Venting Out: Exports During a Domestic Slump

Miguel Almunia, Pol Antras, David Lopez-Rodriguez and Eduardo Morales

25371: Rational Self-Medication

Michael Darden and Nicholas Papageorge

25370: Cash and the Economy: Evidence from India's Demonetization

Gabriel Chodorow-Reich, Gita Gopinath, Prachi Mishra and Abhinav Narayanan

25369: Do State Laws Protecting Older Workers from Discrimination Reduce Age Discrimination in Hiring? Evidence from a Field Experiment

David Neumark, Ian Burn, Patrick Button and Nanneh Chehras

25368: Does School Spending Matter? The New Literature on an Old Question

C. Kirabo Jackson

25367: Trends in Employment and Social Security Incentives in the Spanish Pension System: 1980-2016

Pilar Garcia-Gomez, Silvia Garcia-Mandicó, Sergi Jimenez-Martin and Judit Vall Castello

25366: Monetary Policy, Corporate Finance and Investment

James Cloyne, Clodomiro Ferreira Mayorga, Maren Froemel and Paolo Surico

25365: Gender-Targeted Job Ads in the Recruitment Process: Evidence from China

Peter Kuhn, Kailing Shen and Shuo Zhang

25364: Economic History and Contemporary Challenges to Globalization

Kevin O'Rourke

25363: Equilibrium Analysis in the Behavioral Neoclassical Growth Model

Daron Acemoglu and Martin Jensen

25362: The (lack of) Distortionary Effects of Proxy-Means Tests: Results from a Nationwide Experiment in Indonesia

Abhijit Banerjee, Rema Hanna, Benjamin Olken and Sudarno Sumarto

25361: Conditional Dynamics and the Multi-Horizon Risk-Return Trade-Off

Mikhail Chernov, Lars A. Lochstoer and Stig R. H. Lundeby

25360: Entrepreneurial Spillovers from Corporate R&D

Tania Babina and Sabrina T. Howell

25359: Subsidizing Low- and Middle-Income Adoption of Electric Vehicles: Quasi-Experimental Evidence from California

Erich Muehlegger and David Rapson

25358: Intertemporal Choice

Keith Ericson and David Laibson

25357: Discrimination at the Intersection of Age, Race, and Gender: Evidence from a Lab-in-the-field Experiment

Joanna Lahey and Douglas R. Oxley

25356: Using RCTs to Estimate Long-Run Impacts in Development Economics

Adrien Bouguen, Yue Huang, Michael Kremer and Edward Miguel

25355: Racial Bias and In-group Bias in Judicial Decisions: Evidence from Virtual Reality Courtrooms

Samantha Bielen, Wim Marneffe and Naci Mocan

25354: Can Mobile-Linked Bank Accounts Bolster Savings? Evidence from a Randomized Controlled Trial in Sri Lanka

Suresh De Mel, Craig McIntosh, Ketki Sheth and Christopher Woodruff

25353: Media Sentiment and International Asset Prices

Samuel P. Fraiberger, Do Lee, Damien Puy and Romain Ranciere

25352: Why are Firms with More Managerial Ownership Worth Less?

Kornelia Fabisik, Ruediger Fahlenbrach, René Stulz and Jérôme P. Taillard

25351: High Tech and Venture Capital Inflows: The case of Israel

Assaf Razin

25350: Selection into Entrepreneurship and Self-Employment

Ross Levine and Yona Rubinstein

25349: Closing the Gap: The Effect of a Targeted, Tuition-Free Promise on College Choices of High-Achieving, Low-Income Students

Susan Dynarski, C.J. Libassi, Katherine Michelmore and Stephanie Owen

25348: Identity Politics and Trade Policy

Gene Grossman and Elhanan Helpman

25347: Quantifying the Benefits of Labor Mobility in a Currency Union

Christopher House, Christian Proebsting and Linda Tesar

25346: The Dynamics of Disagreement

Kent Daniel, Alexander Klos and Simon Rottke

25345: Regional and Racial Inequality in Infectious Disease Mortality in U.S. Cities, 1900-1948

James Feigenbaum, Christopher Muller and Elizabeth Wrigley-Field

25344: Monetary Policy and Reaching for Income

Kent Daniel, Lorenzo Garlappi and Kairong Xiao

25343: Annuity Pricing in Public Pension Plans: Importance of Interest Rates

Nino Abashidze, Robert L. Clark, Beth Ritter and David Vanderweide

25342: What is a Good School, and Can Parents Tell? Evidence on the Multidimensionality of School Output

Diether Beuermann, C. Kirabo Jackson, Laia Navarro-Sola and Francisco Pardo

25341: The Price of Biodiesel RINs and Economic Fundamentals

Scott Irwin, Kristen McCormack and James Stock

25340: Monetary Independence and Rollover Crises

Javier Bianchi and Jorge Mondragon

25339: Decompositions and Policy Consequences of an Extraordinary Decline in Air Pollution from Electricity Generation

Stephen Holland, Erin Mansur, Nicholas Muller and Andrew Yates

25338: The Effect of Economic Conditions on the Disability Insurance Program: Evidence from the Great Recession

Nicole Maestas, Kathleen Mullen and Alexander Strand

25337: The Benchmark Inclusion Subsidy

Anil Kashyap, Natalia Kovrijnykh, Jian Li and Anna Pavlova

25336: Expectations Uncertainty and Household Economic Behavior

Itzhak Ben-David, Elyas Fermand, Camelia Kuhnen and Geng Li

25335: Who’s Minding the Kids? Experimental Evidence on the Demand for Child Care Quality

James Gordon, Chris M. Herbst and Erdal Tekin

25334: Brexit Uncertainty and Trade Disintegration

Alejandro Graziano, Kyle Handley and Nuno Limão

25333: Revealing Stereotypes: Evidence from Immigrants in Schools

Alberto Alesina, Michela Carlana, Eliana La Ferrara and Paolo Pinotti

25332: Does Remedial Education at Late Childhood Pay Off After All? Long-Run Consequences for University Schooling, Labor Market Outcomes and Inter-Generational Mobility

Victor Lavy, Assaf Kott and Genia Rachkovski

25331: Reshaping Adolescents' Gender Attitudes: Evidence from a School-Based Experiment in India

Diva Dhar, Tarun Jain and Seema Jayachandran

25330: Two Hundred Years of Health and Medical Care: The Importance of Medical Care for Life Expectancy Gains

Maryaline Catillon, David Cutler and Thomas Getzen

25329: Hall of Mirrors: Corporate Philanthropy and Strategic Advocacy

Marianne Bertrand, Matilde Bombardini, Raymond Fisman, Bradley Hackinen and Francesco Trebbi

25328: The Long-run Impact of New Medical Ideas on Cancer Survival and Mortality

Frank Lichtenberg

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