NBER Working Papers

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24227: Intergenerational Effects of Incarceration

Manudeep Bhuller, Gordon Dahl, Katrine Løken and Magne Mogstad

24226: The Power of Working Longer

Gila Bronshtein, Jason Scott, John B. Shoven and Sita Slavov

24225: The Effect of Education on Health and Mortality: A Review of Experimental and Quasi-Experimental Evidence

Titus Galama, Adriana Lleras-Muney and Hans van Kippersluis

24224: Shadow Funding Costs: Measuring the Cost of Balance Sheet Constraints

Matthias Fleckenstein and Francis Longstaff

24223: Real Keynesian Models and Sticky Prices

Paul Beaudry and Franck Portier

24222: Liquidity Regimes and Optimal Dynamic Asset Allocation

Pierre Collin-Dufresne, Kent Daniel and Mehmet Saǧlam

24221: Financial Heterogeneity and the Investment Channel of Monetary Policy

Pablo Ottonello and Thomas Winberry

24220: Wage Dynamics and Returns to Unobserved Skill

Lance Lochner, Youngmin Park and Youngki Shin

24219: Children and Gender Inequality: Evidence from Denmark

Henrik Kleven, Camille Landais and Jakob Søgaard

24218: Prices or Quantities Dominate Banking and Borrowing

Martin Weitzman

24217: Sources of Displaced Workers’ Long-Term Earnings Losses

Marta Lachowska, Alexandre Mas and Stephen Woodbury

24216: Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments

James Stock and Mark Watson

24215: Why Are Professors "Poorly Paid"?

Daniel Hamermesh

24214: Endogenous and Selective Service Choices After Airline Mergers

Sophia Ying Li, Joe Mazur, Yongjoon Park, James W. Roberts, Andrew Sweeting and Jun Zhang

24213: Corporate Credit Risk Premia

Antje Berndt, Rohan Douglas, Darrell Duffie and Mark Ferguson

24212: E-cigarettes and Adult Smoking

Henry Saffer, Daniel Dench, Dhaval Dave and Michael Grossman

24211: The Distributional Effects of Building Energy Codes

Christopher D. Bruegge, Tatyana Deryugina and Erica Myers

24210: An Evaluation of the CPI Indexes for Prescription Drugs

Barry Bosworth, John Bieler, Michael Kleinrock, Eric Koepcke and Ernst R. Berndt

24209: Kinship and Conflict: Evidence from Segmentary Lineage Societies in Sub-Saharan Africa

Jacob Moscona, Nathan Nunn and James Robinson

24208: A Sufficient Statistics Approach for Aggregating Firm-Level Experiments

David Sraer and David Thesmar

24207: The Impact of International Patent Systems: Evidence from Accession to the European Patent Convention

Bronwyn Hall and Christian Helmers

24206: Preventives Versus Treatments Redux: Tighter Bounds on Distortions in Innovation Incentives with an Application to the Global Demand for HIV Pharmaceuticals

Michael Kremer and Christopher Snyder

24205: A Neoclassical Theory of Liquidity Traps

Sebastian Di Tella

24204: International Tax Reforms with Flexible Prices

Assaf Razin and Efraim Sadka

24203: Do School Spending Cuts Matter? Evidence from The Great Recession

C. Kirabo Jackson, Cora Wigger and Heyu Xiong

24202: The Introduction of Tasers and Police Use of Force: Evidence from the Chicago Police Department

Bocar Ba and Jeffrey Grogger

24201: Bureaucratic Competence and Procurement Outcomes

Francesco Decarolis, Leonardo M. Giuffrida, Elisabetta Iossa, Vincenzo Mollisi and Giancarlo Spagnolo

24200: Statistical Discrimination and Duration Dependence in the Job Finding Rate

Gregor Jarosch and Laura Pilossoph

24199: Misallocation Measures: The Distortion That Ate the Residual

John Haltiwanger, Robert Kulick and Chad Syverson

24198: Dinner Table Human Capital and Entrepreneurship

Hans Hvide and Paul Oyer

24197: Match Quality, Search, and the Internet Market for Used Books

Glenn Ellison and Sara Fisher Ellison

24196: Artificial Intelligence, Automation and Work

Daron Acemoglu and Pascual Restrepo

24195: Triffin: dilemma or myth?

Michael Bordo and Robert McCauley

24194: Value for Money? Community Targeting in Vote-Buying and Politician Accountability

Jessica Leight, Dana Foarta, Rohini Pande and Laura Ralston

24193: The Welfare Effects of Encouraging Rural-Urban Migration

David Lagakos, Ahmed Mobarak and Michael Waugh

24192: Environmental Externalities and Free-riding in the Household

B. Kelsey Jack, Seema Jayachandran and Sarojini Rao

24191: Estimating the Direct and Indirect Effects of Major Education Reforms

Michael Gilraine, Hugh Macartney and Robert McMillan

24190: Do Black Politicians Matter?

Trevon Logan

24189: What Can UWE Do for Economics?

Tatyana Avilova and Claudia Goldin

24188: Deaths of Despair or Drug Problems?

Christopher Ruhm

24187: Distrust and Political Turnover during Economic Crises

Nathan Nunn, Nancy Qian and Jaya Wen

24186: The Intergenerational Effects of Parental Incarceration

Will Dobbie, Hans Grönqvist, Susan Niknami, Mårten Palme and Mikael Priks

24185: On the Measurement of Upstreamness and Downstreamness in Global Value Chains

Pol Antras and Davin Chor

24184: Quality of Public Governance and the Capital Structure of Nations and Firms

Shang-Jin Wei and Jing Zhou

24183: Subways and Urban Air Pollution

Nicolas Gendron-Carrier, Marco Gonzalez-Navarro, Stefano Polloni and Matthew Turner

24182: The Fragility of Market Risk Insurance

Ralph Koijen and Motohiro Yogo

24181: The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco

Rebecca Diamond, Timothy McQuade and Franklin Qian

24180: Are Lemons Sold First? Dynamic Signaling in the Mortgage Market

Manuel Adelino, Kristopher Gerardi and Barney Hartman-Glaser

24179: Rethinking Stabilization Policy: Evolution or Revolution?

Olivier Blanchard and Lawrence Summers

24178: Frictional Coordination

George-Marios Angeletos

24177: Global Inequality when Unequal Countries Create Unequal People

Martin Ravallion

24176: Should Retail Investors' Leverage Be Limited?

Rawley Heimer and Alp Simsek

24175: Do Taxes Increase Economic Inequality? A Comparative Study Based on the State Personal Income Tax

Ugo antonio Troiano

24174: Artificial Intelligence and Its Implications for Income Distribution and Unemployment

Anton Korinek and Joseph Stiglitz

24173: Parenthood, Family Friendly Workplaces, and the Gender Gaps in Early Work Careers

V. Joseph Hotz, Per Johansson and Arizo Karimi

24172: Impact Evaluation in Matching Markets with General Tie-Breaking

Atila Abdulkadiroglu, Joshua Angrist, Yusuke Narita and Parag Pathak

24171: Intermediation as Rent Extraction

Maryam Farboodi, Gregor Jarosch and Guido Menzio

24170: Crude Oil Price Differentials and Pipeline Infrastructure

Shaun McRae

24169: When Corporate Social Responsibility Backfires: Theory and Evidence from a Natural Field Experiment

John List and Fatemeh Momeni

24168: The Death of a Regulator: Strict Supervision, Bank Lending, and Business Activity

João Granja and Christian Leuz

24167: Structural Interpretation of Vector Autoregressions with Incomplete Identification: Revisiting the Role of Oil Supply and Demand Shocks

Christiane Baumeister and James Hamilton

24166: Inferring Inequality with Home Production

Job Boerma and Loukas Karabarbounis

24165: Productivity and Pay: Is the link broken?

Anna Stansbury and Lawrence Summers

24164: The Cross-Section of Risk and Return

Kent Daniel, Lira Mota, Simon Rottke and Tano Santos

24163: Short- and Long-Horizon Behavioral Factors

Kent Daniel, David Hirshleifer and Lin Sun

24162: Necessary and Sufficient Conditions for Existence and Uniqueness of Recursive Utilities

Jaroslav Borovička and John Stachurski

24161: How Do Individuals Repay Their Debt? The Balance-Matching Heuristic

John Gathergood, Neale Mahoney, Neil Stewart and Jörg Weber

24160: Changes across Cohorts in Wage Returns to Schooling and Early Work Experiences

Jared Ashworth, V. Joseph Hotz, Arnaud Maurel and Tyler Ransom

24159: Knowledge Spillovers and Learning in the Workplace: Evidence from the U.S. Patent Office

Michael D. Frakes and Melissa F. Wasserman

24158: The Arsenal of Democracy: Production and Politics During WWII

Paul Rhode, James Snyder and Koleman Strumpf

24157: Willingness to Pay for Clean Air in China

Richard Freeman, Wenquan Liang, Ran Song and Christopher Timmins

24156: Open Enrollment Periods and Plan Choices

Francesco Decarolis, Andrea Guglielmo and Calvin Luscombe

24155: Physician Practice Style and Healthcare Costs: Evidence from Emergency Departments

Gautam Gowrisankaran, Keith A. Joiner and Pierre Leger

24154: An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime

Michael Bordo

24153: Intergovernmental Cooperation and Tax Enforcement

Ugo antonio Troiano

24152: Regulating Capital Flows to Emerging Markets: An Externality View

Anton Korinek

24151: Recent Manufacturing Employment Growth: The Exception That Proves the Rule

Robert Lawrence

24150: Increasing Community College Completion Rates among Low-Income Students: Evidence from a Randomized Controlled Trial Evaluation of a Case Management Intervention

William Evans, Melissa Kearney, Brendan C. Perry and James Sullivan

24149: Rules Versus Discretion: Assessing the Debate Over the Conduct of Monetary Policy

John Taylor

24148: Short-Run and Long-Run Effects of Milton Friedman's Presidential Address

Robert Hall and Thomas Sargent

24147: Labor Market Concentration

Jose Azar, Ioana Marinescu and Marshall Steinbaum

24146: Augmenting Markets with Mechanisms

Samuel Antill and Darrell Duffie

24145: Mars or Mercury? The Geopolitics of International Currency Choice

Barry Eichengreen, Arnaud Mehl and Livia Chitu

24144: The Causal Effect of Limits to Arbitrage on Asset Pricing Anomalies

Yongqiang Chu, David Hirshleifer and Liang Ma

24143: Index Investing and Asset Pricing under Information Asymmetry and Ambiguity Aversion

David Hirshleifer, Chong Huang and Siew Hong Teoh

24142: Misvaluation and Corporate Inventiveness

Ming Dong, David Hirshleifer and Siew Hong Teoh

24141: The Importance of Education and Skill Development for Economic Growth in the Information Era

Charles R. Hulten

24140: Housing Disease and Public School Finances

Matthew Davis and Fernando Ferreira

24139: Costs of Inefficient Regulation: Evidence from the Bakken

Gabriel Lade and Ivan Rudik

24138: Exploiting MIT Shocks in Heterogeneous-Agent Economies: The Impulse Response as a Numerical Derivative

Timo Boppart, Per Krusell and Kurt Mitman

24137: Norms in Bargaining: Evidence from Government Formation in Spain

Thomas Fujiwara and Carlos Sanz

24136: On Bunching and Identification of the Taxable Income Elasticity

Sören Blomquist, Whitney Newey, Anil Kumar and Che-Yuan Liang

24135: Making Discretion in Monetary Policy More Rule-Like

Frederic Mishkin

24134: The Value of Pharmacogenomic Information

John A. Graves, Shawn Garbett, Zilu Zhou and Josh Peterson

24133: Incentivizing Better Quality of Care: The Role of Medicaid and Competition in the Nursing Home Industry

Martin Hackmann

24132: Does Size Matter? Bailouts with Large and Small Banks

Eduardo Davila and Ansgar Walther

24131: Evolution of the Infant Health Production Function

Hope Corman, Dhaval Dave and Nancy E. Reichman

24130: Inferring the Ideological Affiliations of Political Committees via Financial Contributions Networks

Yiran Chen and Hanming Fang

24129: How do insurance firms respond to financial risk sharing regulations? Evidence from the Affordable Care Act

Daniel W. Sacks, Khoa Vu, Tsan-Yao Huang and Pinar Karaca-Mandic

24128: Persistent Effects of Teacher-Student Gender Matches

Jaegeum Lim and Jonathan Meer