NBER Working Papers

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24662: State Merit Aid Programs and Youth Labor Market Attachment

David Frisvold and Melinda Pitts

24661: Who Benefits From Productivity Growth? Direct and Indirect Effects of Local TFP Growth on Wages, Rents, and Inequality

Richard Hornbeck and Enrico Moretti

24660: Disclosure and Subsequent Innovation: Evidence from the Patent Depository Library Program

Jeffrey L. Furman, Markus Nagler and Martin Watzinger

24659: Taxes and Growth: New Narrative Evidence from Interwar Britain

James Cloyne, Nicholas Dimsdale and Natacha Postel-Vinay

24658: How Does School Accountability Affect Teachers? Evidence from New York City

Rebecca Dizon-Ross

24657: Policy Uncertainty and Innovation: Evidence from IPO Interventions in China

Lin Cong and Sabrina T. Howell

24656: Leadership and Social Movements: The Forty-Eighters in the Civil War

Christian Dippel and Stephan Heblich

24655: Price Rigidities and Relative PPP

Andres Blanco and Javier Cravino

24654: Price Stickiness along the Income Distribution and the Effects of Monetary Policy

Javier Cravino, Ting Lan and Andrei Levchenko

24653: Public Policy in an AI Economy

Austan Goolsbee

24652: Take-up and Targeting: Experimental Evidence from SNAP

Amy Finkelstein and Matthew Notowidigdo

24651: Effects of Access to Legal Same-Sex Marriage on Marriage and Health: Evidence from BRFSS

Christopher Carpenter, Samuel T. Eppink, Gilbert Gonzales and Tara McKay

24650: Perceived FOMC: The Making of Hawks, Doves and Swingers

Michael Bordo and Klodiana Istrefi

24649: Internet Rising, Prices Falling: Measuring Inflation in a World of E-Commerce

Austan Goolsbee and Pete Klenow

24648: Market-making with Search and Information Frictions

Benjamin Lester, Ali Shourideh, Venky Venkateswaran and Ariel Zetlin-Jones

24647: Reconciling Seemingly Contradictory Results from the Oregon Health Insurance Experiment and the Massachusetts Health Reform

Amanda Kowalski

24646: Global Portfolio Diversification for Long-Horizon Investors

Luis Viceira and Zixuan (Kevin) Wang

24645: The Critical Role of Markets in Climate Change Adaptation

Sarah E. Anderson, Terry L. Anderson, Alice C. Hill, Matthew Kahn, Howard Kunreuther, Gary Libecap, Hari Mantripragada, Pierre Mérel, Andrew Plantinga and V. Smith

24644: Do 'All-Age' Bicycle Helmet Laws Work? Evidence from Canada

Christopher Carpenter and Casey Warman

24643: Practical Policy Evaluation

Narayana Kocherlakota

24642: Genetic Endowments and Wealth Inequality

Daniel Barth, Nicholas Papageorge and Kevin Thom

24641: Pricing Long-Lived Securities in Dynamic Endowment Economies

Jerry Tsai and Jessica Wachter

24640: Global Melting? The Economics of Disintegration of the Greenland Ice Sheet

William Nordhaus

24639: Heat and Learning

Joshua Goodman, Michael Hurwitz, Jisung Park and Jonathan Smith

24638: From Revolving Doors to Regulatory Capture? Evidence from Patent Examiners

Haris Tabakovic and Thomas G. Wollmann

24637: Trends in Labor Force Participation of Older Workers in Spain

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

24636: Why are People Working Longer in the Netherlands?

Adriaan Kalwij, Arie Kapteyn and Klaas de Vos

24635: The Minimum Wage, Fringe Benefits, and Worker Welfare

Jeffrey Clemens, Lisa Kahn and Jonathan Meer

24634: Intertemporal Labor Supply Substitution? Evidence from the Swiss Income Tax Holidays

Isabel Martínez, Emmanuel Saez and Michael Siegenthaler

24633: The Real Exchange Rate, Innovation and Productivity: Heterogeneity, Asymmetries and Hysteresis

Laura Alfaro, Alejandro Cunat, Harald Fadinger and Yanping Liu

24632: Optimal Spatial Policies, Geography and Sorting

Pablo Fajgelbaum and Cecile Gaubert

24631: Social Media, Sentiment and Public Opinions: Evidence from #Brexit and #USElection

Yuriy Gorodnichenko, Tho Pham and Oleksandr Talavera

24630: The Cultural Divide

Klaus Desmet and Romain Wacziarg

24629: Leaning Against Housing Prices as Robustly Optimal Monetary Policy

Klaus Adam and Michael Woodford

24628: Inter-brand Competition in the Convenience Store Industry, Store Accessibility and Healthcare Utilization

Hung-Hao Chang and Chad Meyerhoefer

24627: Noisy Agents

Francisco Espinosa and Debraj Ray

24626: Exploring the Impact of Artificial Intelligence: Prediction versus Judgment

Ajay Agrawal, Joshua Gans and Avi Goldfarb

24625: The Political Boundaries of Ethnic Divisions

Samuel Bazzi and Matthew Gudgeon

24624: Uncertainty and Hyperinflation: European Inflation Dynamics after World War I

Jose Lopez and Kris James Mitchener

24623: Pauvreté, Egalité, Mortalité: Mortality (In)Equality in France and the United States

Janet Currie, Hannes Schwandt and Josselin Thuilliez

24622: Have R&D Spillovers Changed?

Brian Lucking, Nicholas Bloom and John van Reenen

24621: Changes in Nutrient Intake at Retirement

Melvin Stephens and Desmond Toohey

24620: An Assessment of the Forward-Looking Hypothesis of the Demand for Cigarettes

Robert Kaestner and Kevin Callison

24619: Energy Productivity and Energy Demand: Experimental Evidence from Indian Manufacturing Plants

Nicholas Ryan

24618: Estimating Latent Asset-Pricing Factors

Martin Lettau and Markus Pelger

24617: The other 1%: Class Leavening, Contamination and Voting for Redistribution

Lars Lefgren, David Sims and Olga Stoddard

24616: Partial Identification of the Distribution of Treatment Effects with an Application to the Knowledge Is Power Program (KIPP)

Brigham R. Frandsen and Lars Lefgren

24615: Judicial Politics and Sentencing Decisions

Alma Cohen and Crystal Yang

24614: Labor Force Participation of the Elderly in Japan

Takashi Oshio, Emiko Usui and Satoshi Shimizutani

24613: The ECB's Fiscal Policy

Hans-Werner Sinn

24612: Does the New Keynesian Model Have a Uniqueness Problem?

Lawrence Christiano, Martin Eichenbaum and Benjamin K. Johannsen

24611: Trust in State and Non-State Actors: Evidence from Dispute Resolution in Pakistan

Daron Acemoglu, Ali Cheema, Asim Khwaja and James Robinson

24610: Parents' Beliefs About Their Children's Academic Ability: Implications for Educational Investments

Rebecca Dizon-Ross

24609: Early Social Security Claiming and Old-Age Poverty: Evidence from the Introduction of the Social Security Early Eligibility Age

Gary V. Engelhardt, Jonathan Gruber and Anil Kumar

24608: Hysteresis and the Welfare Effect of Corrective Policies: Theory and Evidence from an Energy-Saving Program

Francisco Costa and Francois Gerard

24607: Toxic Truth: Lead and Fertility

Karen Clay, Margarita Portnykh and Edson Severnini

24606: Long-run Trends in the Economic Activity of Older People in the UK

James Banks, Carl Emmerson and Gemma Tetlow

24605: Whom Do Employers Want? The Role of Recent Employment and Unemployment Status and Age

Henry S. Farber, Chris M. Herbst, Dan Silverman and Till von Wachter

24604: The Carbon Abatement Game

Christoph Hambel, Holger Kraft and Eduardo S. Schwartz

24603: Come Together: Firm Boundaries and Delegation

Laura Alfaro, Nicholas Bloom, Paola Conconi, Harald Fadinger, Patrick Legros, Andrew Newman, Raffaella Sadun and John van Reenen

24602: Non-linear Real Arithmetic Benchmarks derived from Automated Reasoning in Economics

Casey Mulligan, Russell Bradford, James H. Davenport, Matthew England and Zak Tonks

24601: Quantifier Elimination for Deduction in Econometrics

Casey Mulligan

24600: The Heterogeneous Impact of Market Size on Innovation: Evidence from French Firm-Level Exports

Philippe Aghion, Antonin Bergeaud, Matthieu Lequien and Marc Melitz

24599: The Lifetime Medical Spending of Retirees

John Jones, Mariacristina De Nardi, Eric French, Rory McGee and Justin Kirschner

24598: Do Corporate Tax Cuts Increase Income Inequality?

Suresh Nallareddy, Ethan Rouen and Juan Carlos Suárez Serrato

24597: Inference in Structural Vector Autoregressions When the Identifying Assumptions are Not Fully Believed: Re-evaluating the Role of Monetary Policy in Economic Fluctuations

Christiane Baumeister and James Hamilton

24596: Does Investment in National Highways Help or Hurt Hinterland City Growth?

Nathaniel Baum-Snow, J. Vernon Henderson, Matthew Turner, Qinghua Zhang and Loren Brandt

24595: Missing Novelty in Drug Development

Joshua L. Krieger, Danielle Li and Dimitris Papanikolaou

24594: Safety Net Investments in Children

Hilary Hoynes and Diane Schanzenbach

24593: The Recent Rise of Labor Force Participation of Older Workers in Sweden

Lisa Laun and Mårten Palme

24592: How Happy are Your Neighbours? Variation in Life Satisfaction among 1200 Canadian Neighbourhoods and Communities

John Helliwell, Hugh Shiplett and Christopher Barrington-Leigh

24591: Death of the Salesman, But Not the Sales Force: How Interested Promotion Skews Scientific Valuation

Pierre Azoulay, J. Michael Wahlen and Ezra W. Zuckerman Sivan

24590: Spinning the Web: The Impact of ICT on Trade in Intermediates and Technology Diffusion

Réka Juhász and Claudia Steinwender

24589: Deposit Inflows and Outflows in Failing Banks: The Role of Deposit Insurance

Christopher Martin, Manju Puri and Alexander Ufier

24588: Structural Estimation of a Model of School Choices: the Boston Mechanism vs. Its Alternatives

Caterina Calsamglia, Chao Fu and Maia Güell

24587: Unions and Inequality Over the Twentieth Century: New Evidence from Survey Data

Henry S. Farber, Daniel Herbst, Ilyana Kuziemko and Suresh Naidu

24586: Effects of Credit Expansions on Stock Market Booms and Busts

Christopher Hansman, Harrison Hong, Wenxi Jiang, Yu-Jane Liu and Juanjuan Meng

24585: Douglass C. North: Transaction Costs, Property Rights, and Economic Outcomes

Gary Libecap

24584: Social Security Programs and Retirement Around the World: Working Longer – Introduction and Summary

Courtney Coile, Kevin Milligan and David Wise

24583: Cognition and SES Relationships Among the Mid-Aged and Elderly: A Comparison of China and Indonesia

John Strauss, Firman Witoelar, Qinqin Meng, Xinxin Chen, Yaohui Zhao, Bondan Sikoki and Yafeng Wang

24582: Banking on Deposits: Maturity Transformation without Interest Rate Risk

Itamar Drechsler, Alexi Savov and Philipp Schnabl

24581: How Effective is Energy-Efficient Housing? Evidence from a Field Experiment in Mexico

Lucas Davis, Sebastian Martinez and Bibiana Taboada

24580: Job Vacancies, the Beveridge Curve, and Supply Shocks: The Frequency and Content of Help-Wanted Ads in Pre- and Post-Mariel Miami

Jason Anastasopoulos, George Borjas, Gavin G. Cook and Michael Lachanski

24579: Is Your Lawyer a Lemon? Incentives and Selection in the Public Provision of Criminal Defense

Amanda Agan, Matthew Freedman and Emily Owens

24578: An Aggregative Games Approach to Merger Analysis in Multiproduct-Firm Oligopoly

Volker Nocke and Nicolas Schutz

24577: Innovation and Diffusion of Medical Treatment

Barton Hamilton, Andrés Hincapié, Robert A. Miller and Nicholas Papageorge

24576: Working Longer in the U.S.: Trends and Explanations

Courtney Coile

24575: Do Properly Anticipated Prices Fluctuate Randomly? Evidence from VIX Futures Markets

George O. Aragon, Rajnish Mehra and Sunil Wahal

24574: New Evidence on the Markup of Prices over Marginal Costs and the Role of Mega-Firms in the US Economy

Robert Hall

24573: The Impact of High School Curriculum on Confidence, Academic Success, and Mental and Physical Well-Being of University Students

Han Yu and Naci Mocan

24572: Moral NIMBY-ism? Understanding Societal Support for Monetary Compensation to Plasma Donors in Canada

Nicola Lacetera and Mario Macis

24571: The Finance Uncertainty Multiplier

Iván Alfaro, Nicholas Bloom and Xiaoji Lin

24570: Technology and Skill: Twin Engines of Growth

Nancy L. Stokey

24569: Asymmetric Business-Cycle Risk and Social Insurance

Christopher Busch, David Domeij, Fatih Guvenen and Rocio Madera

24568: Structural Change in Investment and Consumption: A Unified Approach

Berthold Herrendorf, Richard Rogerson and Akos Valentinyi

24567: The Poverty Reduction of Social Security and Means-Tested Transfers

Bruce Meyer and Derek Wu

24566: The Effects of Home Health Visit Length on Hospital Readmission

Elena Andreyeva, Guy David and Hummy Song

24565: Pre-event Trends in the Panel Event-study Design

Simon Freyaldenhoven, Christian Hansen and Jesse Shapiro

24564: Seasonal Liquidity, Rural Labor Markets and Agricultural Production

Günther Fink, B. Kelsey Jack and Felix Masiye

24563: Multihorizon Currency Returns and Purchasing Power Parity

Mikhail Chernov and Drew Creal