Working Papers

From Princeton University, Department of Economics, Center for Economic Policy Studies.
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138: The Reliability of Subjective Well-Being Measures

Alan Krueger and David Schkade

137: Heterogeneity in Intra-Monthly Consumption Patterns, Self-Control, and Savings at Retirement

Giovanni Mastrobuoni and Matthew Weinberg

136: Labor Supply Effects of the Recent Social Security Benefit Cuts: Empirical Estimates Using Cohort Discontinuities

Giovanni Mastrobuoni

135: Preparing America's Workforce: Are We Looking in the Rear-View Mirror?

Alan Blinder

134: Rural Poverty in China: Problem and Policy

Gregory Chow

133: The Social Security Earnings Test Removal: Money Saved or Money Spent by the Trust Fund?

Giovanni Mastrobuoni

132: An Economic Analysis of Health Care in China

Gregory Chow

131: Predatory States and Failing States: An Agency Perspective

Avinash Dixit

130: Using a Hedonic Model of Solar Radiation to Assess the Economic Effect of Climate Change: The Case of Mosel Valley Vineyards

Orley Ashenfelter and Karl Storchmann

129: Monetary Policy Today: Sixteen Questions and about Twelve Answers

Alan Blinder

128: Improving Monetary Policy Models

Christopher Sims

127: The Instrument-Rate Projection under Inflation Targeting: The Norwegian Example

Lars Svensson

126: Monetary Policy and Japan's Liquidity Trap

Lars Svensson

125: Would You Be Happier If You Were Richer? A Focusing Illusion

Daniel Kahneman, Alan Krueger, David Schkade, Norbert Schwarz and Arthur Stone

124: Why Do Hedge Funds Stop Reporting Their Performance?

Alex Grecu, Burton Malkiel and Atanu Saha

123: Mismatch in Law School

Jesse Rothstein and Albert Yoon

122: Investment Strategies to Exploit Economic Growth in China

Burton Malkiel, Jianping Mei and Rui Yang

121: Efficiency, Equity, and Timing in Voting Mechanisms

Marco Battaglini, Rebecca Morton and Thomas Palfrey

120: Does Inflation Targeting Matter? A Reassessment

Luke Willard

119: Fear of Offshoring

Alan Blinder

118: Monetary Policy by Committee: Why and How?

Alan Blinder

117: Is Crime Contagious?

Jeffrey Kling and Jens Ludwig

116: Corruption and China's Economic Reform in the Early 21st Century

Gregory Chow

115: Globalization and China's Economic and Financial Development

Gregory Chow

114: Understanding the Greenspan Standard

Alan Blinder and Ricardo Reis

113: The Effects of Technical Change on Labor Market Inequalities

Andreas Hornstein, Per Krusell and Giovanni Violante

112: Economic Advice and Political Decisions: A Clash of Civilizations?

Alan Blinder

111: Laboratory Experiments in Political Economy

Thomas Palfrey

110: Were There Regime Switches in U.S. Monetary Policy?

Christopher Sims and Tao Zha

109: Racial Segregation and the Black-White Test Score Gap

David Card and Jesse Rothstein

108: Race, Income and College in 25 Years: The Continuing Legacy of Segregation and Discrimination

Alan Krueger, Jesse Rothstein and Sarah Turner

107: Effects of Neighborhood Characteristics on the Mortality of Black Male Youth: Evidence From Gautreaux

Mark Votruba and Jeffrey Kling

106: Demand for Education in China

Gregory Chow and Yan Shen

105: What Have We Learned since October 1979?

Alan Blinder

104: Hedge Funds: Risk and Return

Burton Malkiel and Atanu Saha

103: Charging NOx Emitters for Health Damages: An Exploratory Analysis

Denise Mauzeral, Babar Sultan, Namsoug Kim and David Bradford

102: Anatomy of the Rise and Fall of a Price-Fixing Conspiracy: Auctions at Sotheby's and Christie's

Orley Ashenfelter and Kathryn Graddy

101: The Effects of the Euro-Conversion on Prices and Price Perceptions

Giovanni Mastrobuoni

100: The Case Against the Case Against Discretionary Fiscal Policy

Alan Blinder

99: What Does the Public Know about Economic Policy, and How Does It Know It?

Alan Blinder and Alan Krueger

98: Money, Price Level and Output in the Chinese Macro Economy

Gregory Chow and Yan Shen

97: Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias

Orley Ashenfelter and Michael Greenstone

96: Improving on Kyoto: Greenhouse Gas Control as the Purchase of a Global Public Good

David Bradford

95: Social Security and Retirees' Decision to Work

Mark Votruba

94: Carbon Dioxide Sequestrian: When And How Much?

Klaus Keller, Zili Yang, Matt Hall and David Bradford

93: The X Tax in the World Economy

David Bradford

92: Is Tomorrow Another Day? The Labor Supply Of New York Cab Drivers

Henry Farber

91: The Efficient Market Hypothesis and Its Critics

Burton Malkiel

90: Nonunion Wage Rates and the Threat of Unionization

Henry Farber

89: Job Loss in the United States, 1981-2001

Henry Farber

88: Do Markets Respond More to More Reliable Labor Market Data? A Test of Market Rationality

Alan Krueger and Kenneth Forston

87: Inequality, Too Much of a Good Thing

Alan Krueger

86: Through the Looking Glass: Central Bank Transparency

Alan Blinder

85: Insurance, Health, and the Utilization of Medical Services

Jonathan Meer and Harvey Rosen

84: What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules

Lars Svensson

83: Monetary Policy and Real Stabilization

Lars Svensson

82: An Independent Review of Monetary Policy and Institutions in Norway

Lars Svensson, Kjetil Houg, Haakon Solheim and Erling Steigum

81: Art Auctions: A Survey of Empirical Studies

Orley Ashenfelter and Kathryn Graddy

80: Public Finance: Essay for the Encyclopedia of Public Choice

Harvey Rosen

79: When Schools Compete, How Do They Compete? An Assessment of Chile's Nationwide School Voucher Program

Chang-Tai Hsieh and Miguel Urquiola

78: Uncovering Rent-Seeking and Social Waste: A Parable from the Real Estate Market

Chang-Tai Hsieh and Enrico Moretti

77: Strikes, Scabs and Tread Separations: Labor Strife and the Production of Defective Bridgestone/Firestone Tires

Alan Krueger and Alexandre Mas

76: Financial Aid Packages and College Enrollment Decisions: An Econometric Case Study

David Linsenmeier, Harvey Rosen and Cecilia Rouse

75: Health Status and Portfolio Choice

Harvey Rosen and Stephen Wu

74: Reforming Budgetary Language

David Bradford

71: The Self-Employed Are Less Likely To Have Health Insurance Than Wage Earners: So What?

Craig Perry and Harvey Rosen

70: Are Two Heads Better Than One?: An Experimental Analysis of Group vs. Individual Decisionmaking

Alan Blinder and John Morgan

69: Generalized Cash Flow Taxation

Alan Auerbach and David Bradford

67: The Early Impacts of Moving to Opportunity in Boston

Lawrence Katz, Jeffrey Kling and Jeffrey Liebman

27: Reports of Beta's Death Have Been Greatly Exaggerated

Kevin Grundy and Burton Malkiel