NBER Working Papers

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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

25227: Matching in Cities

Wolfgang Dauth, Sebastian Findeisen, Enrico Moretti and Jens Suedekum

25226: Leverage over the Firm Life-Cycle, Firm Growth, and Aggregate Fluctuations

Emin Dinlersoz, Sebnem Kalemli-Ozcan, Henry Hyatt and Veronika Penciakova

25225: Behavioral Feedback: Do Individual Choices Influence Scientific Results?

Emily Oster

25224: Rational Inattention, Competitive Supply, and Psychometrics

Andrew Caplin, Dániel Csaba, John Leahy and Oded Nov

25223: Fake News and Advertising on Social Media: A Study of the Anti-Vaccination Movement

Lesley Chiou and Catherine Tucker

25222: Macroeconomic Effects of China's Financial Policies

Kaiji Chen and Tao Zha

25221: The Crucial Role of International Trade in Adaptation to Climate Change

Christophe Gouel and David Laborde Debucquet

25220: An Heterogeneous-Agent New-Monetarist Model with an Application to Unemployment

Guillaume Rocheteau, Pierre-Olivier Weill and Russell Wong

25219: Will Brexit Age Well? Cohorts, Seasoning and the Age-Leave Gradient, Past, Present and Future

Barry Eichengreen, Rebecca Mari and Gregory Thwaites

25218: Mobility and Congestion in Urban India

Prottoy Akbar, Victor Couture, Gilles Duranton and Adam Storeygard

25217: On the Informativeness of Descriptive Statistics for Structural Estimates

Isaiah Andrews, Matthew Gentzkow and Jesse Shapiro

25216: Floating Rate Money? The Stability Premium in Treasury Floating Rate Notes

Matthias Fleckenstein and Francis Longstaff

25215: Microeconometric Models of Consumer Demand

Jean-Pierre H. Dubé

25214: Consumer Misinformation and the Brand Premium: A Private Label Blind Taste Test

Bart Bronnenberg, Jean-Pierre H. Dubé and Robert E. Sanders

25213: The Big Con – Reassessing the "Great" Recession and its "Fix"

Laurence Kotlikoff

25212: Do Household Finances Constrain Unconventional Fiscal Policy?

Scott Baker, Lorenz Kueng, Leslie McGranahan and Brian Melzer

25211: May the Force be With You: Investor Power and Company Valuations

Thomas Hellmann and Veikko Thiele

25210: Identifying Price Informativeness

Eduardo Davila and Cecilia Parlatore

25209: Child Access Prevention Laws and Juvenile Firearm-Related Homicides

D. Mark Anderson, Joseph J. Sabia and Erdal Tekin

25208: Sex, Drugs, and Baby Booms: Can Behavior Overcome Biology?

Michele Baggio, Alberto Chong and David Simon

25207: Private Equity Indices Based on Secondary Market Transactions

Brian Boyer, Taylor D. Nadauld, Keith P. Vorkink and Michael Weisbach

25206: International Yield Curves and Currency Puzzles

Mikhail Chernov and Drew Creal

25205: Electoral Systems and Inequalities in Government Interventions

Garance Genicot, Laurent Bouton and Micael Castanheira

25204: The Value of Working Conditions in the United States and Implications for the Structure of Wages

Nicole Maestas, Kathleen Mullen, David Powell, Till von Wachter and Jeffrey B. Wenger

25203: What are the Consequences of Global Banking for the International Transmission of Shocks? A Quantitative Analysis

Jose Fillat, Stefania Garetto and Arthur V. Smith

25202: Moving Beyond the Valley of Death: Regulation and Venture Capital Investments in Early-Stage Biopharmaceutical Firms

Yujin Kim, Chirantan Chatterjee and Matthew Higgins

25201: Shared Analyst Coverage: Unifying Momentum Spillover Effects

Usman Ali and David Hirshleifer

25200: Errors in Probabilistic Reasoning and Judgment Biases

Daniel Benjamin

25199: Inequality in the Joint Distribution of Consumption and Time Use

Jeehoon Han, Bruce Meyer and James Sullivan

25198: The Decline of African-American and Hispanic Wealth since the Great Recession

Edward N. Wolff

25197: The Economics of African American Slavery: The Cliometrics Debate

Richard C. Sutch

25196: Going the Extra Mile: Distant Lending and Credit Cycles

João Granja, Christian Leuz and Raghuram Rajan

25195: The Intensive Margin in Trade

Ana Fernandes, Pete Klenow, Sergii Meleshchuk, Martha Denisse Pierola and Andres Rodriguez-Clare

25194: Financing the Response to Climate Change: The Pricing and Ownership of U.S. Green Bonds

Malcolm Baker, Daniel Bergstresser, George Serafeim and Jeffrey Wurgler

25193: A Portrait of U.S. Factoryless Goods Producers

Fariha Kamal

25192: Minority Representation in Local Government

Brian Beach, Daniel Jones, Tate Twinam and Randall Walsh

25191: Social Networks and Tax Avoidance: Evidence from a Well-Defined Norwegian Tax Shelter

Annette Alstadsæter, Wojciech Kopczuk and Kjetil Telle

25190: How Important Is Price Variation Between Health Insurers?

Stuart V. Craig, Keith Ericson and Amanda Starc

25189: An Economist’s Guide to Climate Change Science

Solomon Hsiang and Robert Kopp

25188: The Rise of Cloud Computing: Minding Your P’s, Q’s and K’s

David Byrne, Carol Corrado and Daniel Sichel

25187: The Impact of Consumer Credit Access on Unemployment

Kyle Herkenhoff

25186: Price Salience and Product Choice

Thomas Blake, Sarah Moshary, Kane Sweeney and Steven Tadelis

25185: U.S. Monetary Policy and Emerging Market Credit Cycles

Falk Bräuning and Victoria Ivashina

25184: Large Banks and Small Firm Lending

Vitaly M. Bord, Victoria Ivashina and Ryan D. Taliaferro

25183: Firm Scope and Spillovers from New Product Innovation: Evidence from Medical Devices

Matthew Grennan, Charu Gupta and Mara Lederman

25182: Minimum Wage Increases and Individual Employment Trajectories

Ekaterina Jardim, Mark Long, Robert Plotnick, Emma van Inwegen, Jacob Vigdor and Hilary Wething

25181: Impacts of a Carbon Tax across US Household Income Groups: What Are the Equity-Efficiency Trade-Offs?

Lawrence H. Goulder, Marc Hafstead, GyuRim Kim and Xianling Long

25180: Negative Interest Rate Policy and the Yield Curve

Jing Cynthia Wu and Fan Dora Xia

25179: Production and Learning in Teams

Kyle Herkenhoff, Jeremy Lise, Guido Menzio and Gordon Phillips

25178: Patient Versus Provider Incentives in Long Term Care

Martin Hackmann, R. Vincent Pohl and Nicolas Ziebarth

25177: Accounting for Unobservable Heterogeneity in Cross Section Using Spatial First Differences

Hannah Druckenmiller and Solomon Hsiang

25176: Assortative Matching or Exclusionary Hiring? The Impact of Firm Policies on Racial Wage Differences in Brazil

Francois Gerard, Lorenzo Lagos, Edson Severnini and David Card

25175: The Impact of Permanent Residency Delays for STEM PhDs: Who leaves and Why

Shulamit Kahn and Megan MacGarvie

25174: Computer Vision and Real Estate: Do Looks Matter and Do Incentives Determine Looks

Edward Glaeser, Michael Scott Kincaid and Nikhil Naik

25173: The French (Trade) Revolution of 1860: Intra-Industry Trade and Smooth Adjustment

Stéphane Becuwe, Bertrand Blancheton and Christopher Meissner

25172: General Equilibrium Rebound from Energy Efficiency Innovation

Derek Lemoine

25171: Unemployment and Development

Ying Feng, David Lagakos and James Rauch

25170: Household Debt and Recession in Brazil

Gabriel Garber, Atif Mian, Jacopo Ponticelli and Amir Sufi

25169: Signaling, Shame, and Silence in Social Learning

Arun Chandrasekhar, Benjamin Golub and He Yang

25168: Time-Use and Academic Peer Effects in College

Nirav Mehta, Ralph Stinebrickner and Todd Stinebrickner

25167: Quantifying Family, School, and Location Effects in the Presence of Complementarities and Sorting

Mohit Agrawal, Joseph Altonji and Richard Mansfield

25166: The Effects of Downstream Competition on Upstream Innovation and Licensing

Jean-Etienne de Bettignies, Bulat Gainullin, Hua Fang Liu and David Robinson

25165: Grandparents, Moms, or Dads? Why Children of Teen Mothers Do Worse in Life

Anna Aizer, Paul Devereux and Kjell G Salvanes

25164: New Technologies, Global Value Chains, and Developing Economies

Dani Rodrik

25163: Unequal Use of Social Insurance Benefits: The Role of Employers

Sarah Bana, Kelly Bedard, Maya Rossin-Slater and Jenna Stearns