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NBER Working Papers

Papers are available on-line in PDF format when listed on this page. We recommend using the latest version of Adobe Reader, which can be downloaded free of charge from Adobe's Web site. Hard copy Working Papers are available by mail within a few weeks of their electronic release.

• On the Relationship Between Determinate and MSV Solutions in Linear RE Models
  Bennett T. McCallum #T297 (TWP)
  
• A New Look at Racial Profiling: Evidence from the Boston Police Department
  Kate L. Antonovics and Brian G. Knight #10634 (PE)
  
• Are Migrants More Skilled than Non-Migrants? Repeat, Return and Same-Employer Migrants
  Jennifer Hunt #10633 (LS)
  
• Measuring the Effects of Workplace on Productivity With Team Production
  Sean Nicholson, Mark V. Pauly, Daniel Polsky, Claire Sharda, Helena Szrek, and Marc L. Berger #10632 (LS, P)
  
• The Source of Historical Economic Fluctuations: An Analysis using Long-Run Restrictions
  Neville Francis and Valerie A. Ramey #10631 (EFG, ME)
  
• Capital Income Taxation in the Globalized World
  Assaf Razin and Efraim Sadka #10630 (IFM, PE)
  
• Unmasking the Pollution Haven Effect
  Arik Levinson and M. Scott Taylor #10629 (ENV, ITI)
  
• Spending Less Time with the Family: The Decline of Family Ownership in the UK
  Julian Franks, Colin Mayer, Stefano Rossi (CF)
  
• Using Investment Data to Assess the Importance of Price Mismeasurement
  Diego Comin #10627 (EFG)
  
• Direct Investment, Rising Real Wages and the Absorption of Excess Labor in the Periphery
  Michael P. Dooley, David Folkerts-Landau, and Peter Garber #10626 (IFM)
  
• R&D;: A Small Contribution to Productivity Growth
  Diego Comin #10625 (P)
  
• Sources for Financing Domestic Capital - Is Foreign Saving a Viable Option for Developing Countries?
  Joshua Aizenman, Brian Pinto, and Artur Radziwill #10624 (ITI)
  
• How Have Borrowers Fared in Banking Mega-Mergers?
  Kenneth A. Carow, Edward J. Kane, and Rajesh Narayanan #10623 (CF)
  
• Performance Pay and Teachers' Effort, Productivity and Grading Ethics
  Victor Lavy #10622 (ED, LS)
  
• The Wage Gains of African-American Women in the 1940s
  William J. Collins and Martha J. Bailey #10621 (DAE, LS)
  
• The Design of Financial Systems: Towards a Synthesis of Function and Structure
  Robert C. Merton and Zvi Bodie #10620 (AP)
  
• The Effects of Cocaine and Heroin Price on Drug-Related Emergency Department Visits
  Dhaval Dave #10619 (HE)
  
• Education, Redistribution, and the Threat of Brian Drain
  Alexander Haupt and Eckhard Janeba #10618 (ITI, LS)
  
• Evaluating the Calvo Model of Sticky Prices
  Martin Eichenbaum and Jonas D.M. Fisher #10617 (EFG, ME)
  
• The Macroeconomy and the Yield Curve: A Dynamic Latent Factor Approach
  Francis X. Diebold, Glenn D. Redebusch, and S. Boragan Aruoba #10616 (EFG, ME, AP)
  
• A Continuous-Time Agency Model of Optimal Contracting and Capital Structure
  Peter M. DeMarzo and Yuliy Sannikov #10615 (CF, AP)
  
• Unbiased Estimation of the Half-Life to PPP Convergence in Panel Data
  Chi-Young Choi, Nelson Mark, and Donggyu Sul #10614 (IFM)
  
• The Evolution of Concentrated Ownership in India Broad Patterns and a History of the Indian Software Industry
  Tarun Khanna and Krishna Palepu #10613 (CF, IO)
  
• Targeting vs. Instrument Rules for Monetary Policy
  Bennett T. McCallum and Edward Nelson #10612 (EFG, ME)
  
• Liquidity Constraints and Housing Prices: Theory and Evidence from the VA Mortgage
  Jacob L. Vigdor #10611 ( PE)
  

  Chapters for Forthcoming NBER Books

  "The Differences in the Economic Effects Between the DB Plan and the DC Plan"
  Tomohiko Takeuchi and Toshiaki Tachibanaki
  "The History and Politics of Corporate Ownership in Sweden"
  Peter Högfeldt
  "The History of Corporate Ownership and Control in Germany"
  Caroline Fohlin

• The Political Economy of Fair Housing Laws Prior to 1968
  William J. Collins #10610 (DAE)
  
• How Elections Matter: Theory and Evidence from Environmental Policy
  John A. List and Daniel M. Sturm #10609 (PE)
  
• Breakfast of Champions? The School Breakfast Program and the Nutrition of Children and Families
  Jayanta Bhattacharya, Janet Currie, and Steven Haider #10608 (ED, HE, LS, C)
  
• The Purchasing Power Parity Debate
  Alan M. Taylor and Mark P. Taylor #10607 (IFM, ITI)
  
• Measuring the Growth from Better and Better Goods
  Mark Bils #10606 (EFG)
  
• Exploring the Patent Explosion
  Bronwyn H. Hall #10605 (IO, P)
  
• The Impact of Presumed Consent Legislation on Cadaveric Organ Donation: A Cross Country Study
  Alberto Abadie and Sebastien Gay #10604 (HE)
  
• Learning on the Quick and Cheap: Gains from Trade Through Imported Expertise
  James R. Markusen and Thomas F. Rutherford #10603 (ITI)
  
• Managing Volatility and Crises: A Practitioner's Guide Overview
  Joshua Aizenman and Brian Pinto #10602 (IFM)
  
• Peace and War in Territorial Disputes
  Herschel I. Grossman #10601 (EFG)
  
• The Impact of the Terms of Trade on Economic Development in the Periphery, 1870-1939
  Christopher Blattman, Jason Hwang, and Jeffrey G. Williamson #10600 (DAE, ITI)
  
• Dividend Policy, Agency Costs, and Earned Equity
  Harry DeAngelo, Linda DeAngelo, and René M. Stulz #10599 (CF, AP)
  
• Economic Impacts of Unionization on Private Sector Employers: 1984-2001
  John DiNardo and David S. Lee #10598 (LS)
  

  Chapters for Forthcoming NBER Books

  "WTO Dispute Settlements in East Asia"
  Dukgeun Ahn
  "Tight Clothing: How the MFA Affects Asian Apparel Exports"
  Carolyn L. Evans and James Harrigan
  Comment by Leonard K. Cheng on "Tight Clothing: How the MFA Affects Asian Apparel Exports"
  Carolyn L. Evans and James Harrigan
  "The Formation of International Production and Distribution Networks in East Asia"
  Mitsuyo Ando and Fukunari Kimra
  "International R&D; Deployment and Locational Advantage: A Case Study of Taiwan"
  Meng-chun Liu and Shin-Horng Chen
  "The Trade and Investment Effects of Preferential Trading Arrangements"
  Philippa Dee and Jyothi Gali
  Comment by Bih-Jane Liu on "The Trade and Investment Effects of Preferential Trading Arrangements"
  Philippa Dee and Jyothi Gali
  "The Impacts of an East Asia Free Trade Agreement on Foreign Trade in East Asia"
  Shujiro Urata and Kozo Kiyota
  "The Effects of Financial Crises on International Trade"
  Zihui Ma and Leonard K. Cheng
  Comment by Kozo Kiyota on ""The Effects of Financial Crises on International Trade"
  Zihui Ma and Leonard K. Cheng
  "Border Delays and Trade Liberalization"
  Edgar Cudmore and John Whalley

• Exotic Preferences for Macroeconomists
  David Backus, Bryan Routledge, and Stanley Zin #10597 (EFG, AP)
  
• The Effect of Population Health on Foreign Direct Investment
  Marcella Alsan, David E. Bloom, and David Canning #10596 (HE, ITI)
  
• Facts and Fantasies about Commodity Futures
  Gary Gorton and K. Geert Rouwenhorst #10595 (AP)
  
• Product Variety and Demand Uncertainty
  Dennis W. Carlton and James D. Dana, Jr. #10594 (IO)
  
• Trade, Inequality, and Poverty: What Do We Know? Evidence from Recent Trade Liberalization Episodes in Developing Countries
  Pinelopi K. Goldberg and Nina Pavcnik #10593 (ITI, LS)
  
• Are Technology Improvements Contractionary?
  Susanto Basu, John Fernald, and Miles Kimball #10592 (EFG, ME, P)
  
• Does School Accountability Lead to Improved Student Performance
  Eric A. Hanushek and Margaret E. Raymond #10591 (ED, PE, C)
  
• The Quality of Labor Relations and Unemployment
  Olivier Blanchard and Thomas Philippon #10590 (EFG, LS, ME)
  
• Preference Formation and the Rise of Women's Labor Force Participation: Evidence from WWII
  Raquel Fernandez, Alessandra Fogli, and Claudia Olivetti #10589 (EFG, LS, LE)
  
• The Timing, Intensity, and Composition of Interest Group Lobbying: An Analysis of Structural Policy Windows in the States
  John M. de Figueiredo #10588 (IO, LE)
  
• The Costs of Entrenched Boards
  Lucian Bebchuk and Alma Cohen #10587 (CF, LE)
  
• India's De-Industrialization Under British Rule: New Ideas, New Evidence
  David Clingingsmith and Jeffrey G. Williamson #10586 (DAE, ITI)
  
• Trade Liberalization and Pollution Havens
  Josh Ederington, Arik Levinson, and Jenny Minier #10585 (ITI)
  
• Slow Recoveries
  Raphael Bergoeing, Norman Loayzaw, and Andrea Repetto #10584 (EFG, P)
  
• Measuring Market Integration: Foreign Exchange Arbitrage and the Gold Standard, 1879-1913
  Eugene Canjels, Gauri Prakash-Canjels, and Alan M. Taylor #10583 (DAE, IFM)
  
• The Rise of U.S. Antidumping Actions in Historical Perspective
  Douglas Irwin #10582 (DAE, ITI)
  
• Was There a Nasdaq Bubble in the Late 1990s?
  Lubos Pastor and Pietro Veronesi #10581 (AP)
  
• Until it's Over, Over There: The U.S. Economy in World War I
  Hugh Rockoff #10580 (DAE)
  
• Maximum Likelihood Estimation of Stochastic Volatility Models
  Yacine Ait-Sahalia and Robert Kimmel #10579 (AP)
  
• Education for Innovation: Entrepreneurial Breakthroughs vs. Corporate Incremental Improvements
  William J. Baumol #10578 (IO)
  
• Why Barriers to Entry are Barriers to Understanding
  Dennis W. Carlton #10577 (IFM)
  
• Why Doesn't Asia Have Bigger Bond Markets?
  Barry Eichengreen and Pipat Luengnaruemitchai #10576 (CF, IFM)
  
• Targeted Remedial Education for Under-Performing Teenagers: Costs and Benefits
  Victor Lavy and Analia Schlosser #10575 (ED, LS, C)
  
• Should We Fear Derivatives?
  Rene M. Stulz #10574 (CF, AP)
  

• Asymmetric Cycles
  Boyan Jovanovic #10573 (EFG, P)
  
• Do Dividend Payments Respond to Taxes? Preliminary Evidence from the 2003 Dividend Tax Cut
  Raj Chetty and Emmanuel Saez #10572 (CF, PE)
  
• Conflicts of Interest, Information Provision, and Competition in Banking
  Patrick Bolton, Xavier Freixas, and Joel Shapiro #10571 (CF, IO)
  
• Search, Obfuscation, and Price Elasticities on the Internet
  Glenn Ellison and Sara Fisher Ellison #10570 (IO)
  
• Productivity, Tradability, and the Long-Run Price Puzzle
  Paul Bergin, Reuven Glick, and Alan M. Taylor #10569 (DAE, ITI, P)
  
• Do Institutions Cause Growth?
  Edward L. Glaeser, Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer #10568 (EFG)
  
• SEC Regulation Fair Disclosure, Information, and the Cost of Capital
  Armando Gomes, Gary Gorton, and Leonardo Madureira #10567 (CF, IO, AP)
  
• Growth Accelerations
  Ricardo Hausman, Lant Pritchett, and Dani Rodrik #10566 (EFG, ITI)
  
• Globalization, Returns to Accumulations and the World Distribution of Output
  Paul Beaudry and Fabrice Collard #10565 (EFG, ITI)
  
• Further Tests of Abortion and Crime
  Ted Joyce #10564 (HE, C)
  
• The Real Effects of Investor Sentiment
  Christopher Polk and Paola Sapienza #10563 (CF, EFG, AP)
  
• The Economic Effects of Living Wage Laws: A Provisional Review
  Scott Adams and David Neumark #10562 (LS)
  
• When Do Living Wages Bite?
  Scott Adams and David Neumark #10561 (LS)
  
• Growth Volatility and Financial Liberalization
  Geert Bekaert, Campbell R. Harvey, and Christian Lundblad #10560 (ITI, AP, EFG)
  
• The Stock Market and Investment: Evidence from FDI Flows
  Malcolm Baker, C. Fritz Foley, and Jeffrey Wurgler #10559 (IFM, ITI, AP)
  
• Conscription as Regulation
  Casey Mulligan and Andrei Shleifer #10558 (LS, PE)
  
• The Green Solow Model
  William A. Brock and M. Scott Taylor #10557 (EFG, ENV)
  
• Shakeouts and Market Crashes
  Alessandro Barbarino and Boyan Jovanovic #10556 (EFG, AP)
  
• Growth Effects of the Exchange-Rate Regime and the Capital-Account Openness in a Crisis Prone World Market: A Nuanced View
  Assaf Razin and Yona Rubinstein #10555 (IFM)
  
• Where Do New US-Trained Science-Engineering PhDs Come From?
  Richard B. Freeman, Emily Jin, and Chia-Yu Shen #10554 (ED, LS)
  

  Chapters for Forthcoming NBER Books

  "The Effects of Overseas Investment on Domestic Employment"
  Tain-Jy Chen and Ying-Hua Ku
  Introduction to "Innovation Policy and the Economy"
  Volume 5, edited by Adam B. Jaffe, Josh Lerner and Scott Stern
  "The Growing Problem of Antidumping Protection"
  Thomas J. Prusa
  "The Democratization of Invention: Patents and Copyrights in American Economic Development, 1790-1920"
  monograph by B. Zorina Khan
  "Broken Down by Work and Sex: How our Health Declines"
  Anne Case and Angus Deaton

• When Do Firms Hire Lobbyists? The Organization of Lobbying at the Federal Communications Commission
  John M. deFigueiredo and James J. Kim #10553 (IO, LE)
  
• The Costs of Low Birth Weight
  Douglas Almond, Kenneth Y. Chay, and David S. Lee #10552 (HE, C)
  
• "Success Taxes," Entrepreneurial Entry, and Innovation
  William M. Gentry and R. Glenn Hubbard #10551 (PE)
  
• The Economic Implications of Corporate Financial Reporting
  John R. Graham, Campbell R. Harvey, and Shiva Rajgopal #10550 (CF, AP)
  
• Welfare Reform and Health
  Marianne Bitler, Jonah Gelbach, and Hilary Hoynes #10549 (HE, PE)
  
• Stock Prices, News and Economic Fluctuations
  Paul Beaudry and Franck Portier #10548 (EFG, AP)
  
• Futures Prices as Risk-adjusted Forecasts of Monetary Policy
  Monika Piazzesi and Eric Swanson #10547 (ME)
  
• Profit Neutrality in Licensing: The Boundary between Antitrust Law and Patent Law
  Stephen M. Maurer and Suzanne Scotchmer #10546 (LE, P)
  
• Financial Constraints and Growth: Multinational and Local Firm Responses to Currency Crises
  Mihir A. Desai, C. Fritz Foley, and Kristin J. Forbes #10545 (CF, IFM)
  

• Heterogeneous Productivity Response to Tariff Reduction: Evidence from Brazilian Manufacturing Firms
  Adriana Schor #10544 (ITI, P)
  
• Earnings Manipulation and Managerial Investment Decisions: Evidence from Sponsored Pension Plans
  Daniel Bergstresser, Mihir A. Desai, and Joshua Rauh #10543 (CF, LS, AP, PE)
  
• How Much Do Medical Students Know About Physician Income?
  Sean Nicholson #10542 (HE, LS)
  
• Incentive Effects of Social Assistance: A Regression Discontinuity Approach
  Thomas Lemieux and Kevin Milligan #10541 (LS, PE)
  
• International Trade and Macroeconomic Dynamics with Heterogeneous Firms
  Fabio Ghironi and Marc J. Melitz #10540 (EFG, IFM, ITI)
  
• Political Budget Cycles in New versus Established Democracies
  Adi Brender and Allan Drazen #10539 (EFG, IFM)
  
• The Globalization of the Software Industry: Perspectives and Opportunities for Developed and Developing Countries
  Ashish Arora and Alfonso Gambardella #10538 (ITI, P)
  
• Do Stock Price Bubbles Influence Corporate Investment?
  Simon Gilchrist, Charles P. Himmelberg, and Gur Huberman #10537 (CF, ME, AP)
  
• Mergers and Acquisitions in the Pharmaceutical and Biotech Industries
  Patricia M. Danzon, Andrew Epstein, and Sean Nicholson #10536 (CF, HE, IO)
  
• Building Relationships Early: Banks in Venture Capital
  Thomas Hellmann, Laura Lindsey, and Manju Puri #10535 (CF)
  
• International Reserves Management and Capital Mobility in a Volatile World: Policy Considerations and a Case Study of Korea
  Joshua Aizenman, Yeonho Lee, and Yeongseop Rhee #10534 (IFM, ITI)
  

• Dealing with Destabilizing ‘Market Discipline'
  Daniel Cohen and Richard Portes #10533 (IFM)
  
• Fiscal Policy and Financial Depth
  Ricardo J. Caballero and Arvind Krishnamurthy #10532 (CF, EFG, IFM)
  
• The Value of Phased Retirement
  Steven G. Allen #10531 (A, LS)
  
• Bargaining in Legislatures: An Empirical Investigation
  Brian Knight #10530 (PE)
  
• International Migration in the Long-Run: Positive Selection, Negative Selection and Policy
  Timothy J. Hatton and Jeffrey G. Williamson #10529 (ITI, LS)
  
• Identifying the Effects of the Americans with Disabilities Act Using State-Law Variation: Preliminary Evidence on Educational Participation Effects
  Christine Jolls #10528 (LS, LE)
  
• Consumption Commitments and Preferences for Risk
  Andrew Postlewaite, Larry Samuelson, and Dan Silverman #10527 (EFG, LS)
  
• Firms' Histories and Their Capital Structures
  Ayla Kayhan and Sheridan Titman #10526 (CF)
  
• The German Public Pension System: How it Was, How it Will Be
  Axel Boersch-Supan and Christina B. Wilke #10525 (A, PE)
  
• A Small Corner of Intertemporal Public Finance - New Developments in Monetary Economics
  Willem H. Buiter #10524 (EFG, ME, PE)
  
• Firm Dynamics, Investment, and Debt Portfolio: Balance Sheet Effects of the Mexican Crisis of 1994
  Sangeeta Pratap and Carlos Urritia #10523 (EFG)
  
• The Effect of Adolescent Experience on Labor Market Outcomes: The Case of Height
  Nicola Persico, Andrew Postlewaite, and Dan Silverman #10522 (LS)
  
• How Fast Do Personal Computers Depreciate? Concepts and New Estimates
  Mark E. Doms, Wendy E. Dunn, Stephen D. Oliner, and Daniel E. Sichel #10521 (PE)
  
• On the Empirics of Sudden stops: The Relevance of Balance-Sheet Effects
  Guillermo A. Calvo, Alejandro Izquierdo, and Luis-Fernando Mejia #10520 (IFM)
  
• Fear of Sudden Stops: Lessons from Australia and Chile
  Ricardo J. Caballero, Kevin Cowan, and Jonathan Kearns #10519 (EFG, IFM)
  
• Speculative Growth: Hints from the US Economy
  Ricardo J. Caballero, Emmanuel Farhi, and Mohamad L. Hammour #10518 (EFG, IFM)
  
• Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective
  Ricardo J. Caballero and Arvind Krishnamurthy #10517 (EFG, IFM)
  
• HIV Breakthroughs and Risky Sexual Behavior
  Dana Goldman, Darius Lakdawalla, and Neeraj Sood #10516 (HE)
  
• A Portrait of the Artist as a Very Young or Very Old Innovator: Creativity at the Extremes of the Life Cycle
  David W. Galenson #10515 (LS)
  
• Measuring Self-Control
  John Ameriks, Andrew Caplin, John Leahy, and Tom Tyler #10514 (EFG)
  
• The Impact of Education on Fertility and Child Mortality: Do Fathers Really Matter Less Than Mothers?
  Lucia Breierova and Esther Duflo #10513 (ED, C)
  
• The Role of Immigration in Dealing with the Developed World's Demographic Transition #10512 (A, PE)
  Hans Fehr, Sabine Jokisch, and Laurence Kotlikoff #10512 (A, PE)
  
• The Role of Public Health Improvements in Health Advances: The 20th Century United States
  David M. Cutler and Grant Miller #10511 (HE)
  
• Trust and Bribery: The Role of Quid Pro Quo and the Link with Crime
  Jennifer Hunt #10510 (LS, PE)
  
• Tax Effects on Work Activity, Industry Mix, and Shadow Economy Size: Evidence from Rich-Country Comparisons
  Steven J. Davis and Magnus Henrekson #10509 (EFG, LS, PE)
  
• Obesity as a Barrier to the Transition from Welfare to Work
  John Cawley and Sheldon Danziger #10508 (HE, LS)
  
• The Path to the Top: Changes in the Attributes and Careers of Corporate Executives, 1980-2001
  Peter Cappelli and Monika Hamori #10507 (LS)
  
• Simple Estimators for the Parameters of Discrete Dynamic Games (with Entry/Exit Examples
  Ariel Pakes, Michael Ostrovsky, and Steve Berry #10506 (IO, P)
  

• Housing Collateral and Consumption Insurance Across US Regions
  Hanno Lustig and Stijn Van Neiuwerburgh #10505 (EFG, LS)
  
• Prediction Markets
  Justin Wolfers and Eric Zitzewitz #10504 (EFG)
  
• Land of Addicts? An Empirical Investigation of Habit-Based Asset Pricing Behavior
  Xiaohong Chen and Sydney C. Ludvigson #10503 (AP)
  
• Do Domestic Investors Have an Edge? The Trading Experience of Foreign Investors in Korea
  Hyuk Choe, Bong-Chan Kho, and Rene M. Stulz #10502 (IFM, AP)
  
• Market Structure and Productivity: A Concrete Example
  Chad Syverson #10501 (IO, P)
  
• Optimal Unemployment Insurance When Income Effects are Large
  Raj Chetty #10500 (LS, PE)
  
• Money, Sex, and Happiness: An Empirical Study
  David G. Blanchflower and Andrew J. Oswald #10499 (HE, LE)
  
• Intrahousehold Resource Allocation in Côte d'Ivoire: Social Norms, Separate Accounts and Consumption Choices
  Esther Duflo and Christopher Udry #10498 (C)
  

• Global Imbalances and the Lessons of Bretton Woods
  Barry Eichengreen #10497 (DAE, IFM)
  
• On the Two Way Feedback Between Financial and Trade Openness
  Joshua Aizenman and Ilan Noy #10496 (ITI)
  
• Elements of a Theory of Design Limits to Optimal Policy
  William A. Brock and Steven N. Durlauf #10495 (EFG)
  
• Are Perks Purely Managerial Excess?
  Raghuram Rajan and Julie Wulf #10494 (CF, LS)
  
• The Economic Aftermath of the 1960s Riots: Evidence from Property Values
  William J. Collins and Robert A. Margo #10493 (DAE, LS)
  
• Moving Up or Moving Out? Anti-Sweatshop Activists and Labor Market Outcomes
  Ann Harrison and Jason Scorse #10492 (ITI, LS)
  
• The Tying of Lending and Equity Underwriting
  Steven Drucker #10491 #10491 (CF)
  
• On the (Ir)Relevence of Distribution and Labor Supply Distortion to Government Policy
  Louis Kaplow #10490 #10490 (LE, PE)
  
• The Role of Information in Medical Markets: An Analysis of Publicly Reported Outcomes in Cardiac Surgery
  David M. Cutler, Robert S. Huckman, and Mary Beth Landrum #10489 (HE)
  
• The Take Up of Social Benefits
  Janet Currie #10488 (LS, PE, C)
  
• Do Welfare Asset Limits Affect Household Saving? Evidence from Welfare Reform
  Erik Hurst and James P. Ziliak #10487 (EFG, A, PE)
  
• Plan Design and 401(k) Savings Outcomes
  James J. Choi, David Laibson, and Brigitte C. Madrian #10486 (CF, EFG, A, LS, PE)
  
• Social Capital
  Steven N. Durlauf and Marcel Fafchamps #10485 (EFG)
  
• Finders Keepers: Forfeiture Laws, Policing Incentives, and Local Budgets
  Katherine Baicker and Mirielle Jacobson #10484 (PE)
  

  Chapters for Forthcoming NBER Books

  "A New Approach to the Valuation of Intangible Capital"
  Jason G. Cummins
  Comment by Thomas J. Prusa on "International R&D; Deployment and Locational Advantage: A Case Study of Taiwan," by Meng-chun Liu and Shin-Horng Chen
  "The Globalization of the Software Industry: Perspectives and Opportunities for Developed and Developing Countries"
  Ashish Arora and Alfonso Gambardella
  "Education for Innovation: Entrepreneurial Breakthroughs versus Corporate Incremental Improvements"
  William J. Baumol
  "Jurisdictional Advantage"
  Maryann Feldman and Roger Martin
  "'Success Taxes,' Entrepreneurial Entry, and Innovation"
  R. Glenn Hubbard and William Gentry

• A Comprehensive Look at the Empirical Performance of Equity Premium Prediction
  Amit Goyal and Ivo Welch #10483 (CF, AP)
  
• Assessing the Economic Gains from Telecom Competition
  Richard N. Clarke, Kevin A. Hassett, Zoya Ivanova, and Laurence J. Kotlikoff #10482 (IO)
  
• Institutions as the Fundamental Cause of Long-Run Growth
  Daron Acemoglu, Simon Johnson, and James Robinson #10481 (EFG)
  
• Trade Costs
  James E. Anderson and Eric van Wincoop #10480 (ITI)
  
• Bank Chartering and Political Corruption in Antebellum New York: Free Banking as Reform
  Howard Bodenhorn #10479 (DAE)
  
• Education, Work, and Crime: A Human Capital Approach
  Lance Lochner #10478 (LS, C)
  
• How Confident Can We Be in CGE-Based Assessments of Free Trade Agreements?
  Thomas Hertel, David Hummels, Maros Ivanic, and Roman Keeney #10477 (ITI)
  
• Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows and Exchange Rates?
  Harald Hau and Helene Rey #10476 (IFM, AP)
  
• Bank Supervision, Regulation, and Instability During the Great Depression
  Kris James Mitchener #10475 (DAE, ME)
  
• R&D; Sourcing, Joint Ventures and Innovation: A Multiple Indicators Approach
  James D. Adams and Mircea Marcu #10474 (P)
  
• Retail Electricity Competition
  Paul L. Joskow and Jean Tirole #10473 (IO)
  
• Reliability and Competitive Electricity Markets
  Paul L. Joskow and Jean Tirole #10472 (IO)
  
• Corporate Tax Avoidance and High Powered Incentives
  Mihir A. Desai and Dhammika Dharmapala #10471 (CF, PE)
  
• Who Benefits from the Education Saving Incentives? Income, Educational Expectations, and the Value of the 529 and Coverdell
  Susan M. Dynarski #10470 (ED, C)
  
• Earnings Inequality and the Business Cycle
  Gadi Barlevy and Daniel Tsiddon #10469 (EFG, LS)
  
• Soft Information, Hard Shell: The Role of Soft Information in the Pricing of Intellectual Property Evidence for Screenplays Sales
  William N. Goetzman, Vicente Pons-Sanz, and S. Abraham Ravid #10468 (IO, AP)
  
• Specialization and Regulation: The Rise of Professionals and the Emergence of Occupational Licensing Regulation
  Marc T. Law and Sukkoo Kim #10467 (HE, DAE, LS)
  
• Social Security and the Evolution of Elderly Poverty
  Gary V. Engelhardt and Jonathan Gruber #10466 (A, PE)
  
• Factor Substitution and Unobserved Factor Quality in Nursing Homes
  John Cawley, David C. Grabowski, and Richard A. Hirth #10465 (HE)
  
• Death Spiral or Euthanasia? The Demise of Generous Group Health Insurance Coverage
  Mark V. Pauly, Olivia Mitchell, and Yuhui Zeng #10464 (HE)
  

• A Simple Model of Optimal Hate Crime Legislation
  Li Gan, Roberton C. Williams III, and Thomas Wiseman #10463 (PE)
  
• A Test for Anchoring and Yea-Saying in Experimental Consumption Data
  Arthur van Soest and Michael Hurd #10462 (A)
  
• Models for Anchoring and Acquiescence Bias in Consumption Data
  Arthur van Soest and Michael Hurd #10461 (A)
  
• What Determines Corruption? International Evidence from Micro Data
  Naci Mocan #10460 (EFG, LE)
  
• Child Care Subsidy Receipt, Employment, and Child Care Choices of Single Mothers
  Erdal Tekin #10459 (HE, LS, C)
  
• A Model of Housing in the Presence of Adjustment Costs: A Structural Interpretation of Habit Persistence
  Marjorie Flavin and Shinobu Nakagawa #10458 (EFG)
  
• The Shape of Production Functions and the Direction of Technical Change
  Charles I. Jones #10457 (EFG, P)
  
• What prompts Japan to Intervene in the Forex Market? A New Approach to a Reaction Function
  Takatoshi Ito and Tomoyoshi Yabu #10456 (IFM)
  

  Chapters for Forthcoming NBER Books

  "A New Approach to the Valuation of Intangible Capital"
  Jason G. Cummins
  Comment by Thomas J. Prusa on "International R&D; Deployment and Locational Advantage: A Case Study of Taiwan," by Meng-chun Liu and Shin-Horng Chen

• On the Efficacy of Reforms: Policy Tinkering Institutional Change, and Entrepreneurship
  Murat Iyigun and Dani Rodrik #10455 (CF, PE)
  
• Consumption-Wealth Comovement of the Wrong Sign
  James J. Choi, David Laibson, Brigitte C. Madrian, and Andrew Metrick #10454 (EFG, AP)
  
• R-squared Around the World: New Theory and New Tests
  Li Jin and Stewart C. Myers #10453 (CF)
  
• Does Prekindergarten Improve School Preparation and Performance?
  Katherine A. Magnuson, Christopher J. Ruhm, and Jane Waldfogel #10452 (ED, C)
  
• Constitutions, Corporations, and Corruption: American States and Constitutional Change
  John Joseph Wallis #10451 (DAE)
  
• Estimating Dynamic Models of Imperfect Competition
  Patrick Bajari, C. Lanier Benkard, and Jonathan Levin #10450 (IO)
  

• Investor Sentiment and the Cross-Section of Stock Returns
  Malcolm Baker and Jeffrey Wurgler #10449 (CF, AP)
  
• High-Frequency Contagion Between the Exchange Rates and Stock Prices
  Yuko Hashimoto and Takatoshi Ito #10448 (IFM, AP)
  
• Assessing the Risk in Sample Minimum Risk Portfolios
  Gopal K. Basak, Ravi Jagannathan, and Tongshu Ma #10447 (AP)
  
• Investment, Capacity, and Uncertainty: A Putty-Clay Approach
  Simon Gilchrist and John C. Williams #10446 (ME)
  
• Access to Care, Provider Choice and Racial Disparities
  Anna Aizer, Adriana Lleras-Muney, and Mark Stabile #10445 (HE, C)
  
• Social Security and Trust Fund Management
  Takashi Oshio #10444 (A, PE)
  
• The Optimal Design of Unemployment Insurance and Employment Protection. A First Pass
  Olivier Blanchard and Jean Tirole #10443 (EFG, ME, PE)
  
• Factor Prices and Factor Substitution in U.S. Firms' Manufacturing Affiliates Abroad
  Maria Borga and Robert E. Lipsey #10442 (ITI)
  
• Financial-Sector FDI and Host Countries: New and Old Lessons
  Linda Goldberg #10441 (ITI)
  
• Fiscal Shenanigans, Targeted Federal Health Care Funds, and Patient Mortality
  Katherine Baicker and Douglas Staiger #10440 (HE, PE)
  
• Political Pressure Deflection
  James E. Anderson and Maurizio Zanardi #10439 (ITI)
  
• Which Countries Have State Religions?
  Robert J. Barro and Rachel M. McCleary #10438 (EFG)
  
• Managed Care Discounting: Evidence from the MarketScan Database
  Avi Dor, Siran Koroukian, and Michael Grossman #10437 (HE)
  
• Information Diffusion Effects in Individual Investors' Common Stock Purchases: Covet Thy Neighbors' Investment Choices
  Zoran Ivkovich and Scott Weisbenner #10436 (AP)
  
• Child Mental Health and Human Capital Accumulation: The Case of ADHD
  Janet Currie and Mark Stabile #10435 (ED, HE, C)
  
• Short Interest and Stock Returns
  Paul Asquith, Parag A. Pathak, and Jay R. Ritter #10434 (CF, AP)
  
• Schumpeterian Profits in the American Economy: Theory and Management
  William D. Nordhaus #10433 (EFG, P)
  
• Hierarchies, Specialization, and the Utilization of Knowledge: Theory and Evidence from the Legal Services Industry
  Luis Garicano and Thomas N. Hubbard #10432 (IO)
  
• The Yield Curve, Recessions and the Credibility of the Monetary Regime: Long Run Evidence 1875-1997
  Michael D. Bordo and Joseph G. Haubrich #10431 (DAE, ME)
  

• Fiscal Policy in the Aftermath of 9/11
  Martin Eichenbaum and Jonas Fisher #10430 (EFG, ME, PE)
  
• Competition in Imperfect Markets? Does it Help California's Medicaid Mothers?
  Anna Aizer, Janet Currie, and Enrico Moretti #10429 (HE, IO, PE, C)
  
• Quantile Regression under Misspecification, with an Application to the U.S. Wage Structure
  Joshua Angrist, Victor Chernozhukov, and Ivan Fernandez-Val #10428 (LS)
  
• Hedonic Price Indexes for Personal Computer Operating Systems and Productivity Suites
  Alan G. White, Jaison R. Abel, Ernst R. Berndt, and Cory W. Monroe #10427 (P)
  
• International Trade and Cultural Identity
  Eckhard Janeba #10426 (ITI)
  
• Shame and Ostracism: Union Army Deserters Leave Home
  Dora L. Costa and Matthew E. Kahn #10425 (DAE)
  
• How Much is Post-Acute Care Use Affected by Its Availability?
  Melinda Beeuwkes Buntin, Anita Datar Garten, Susan Paddock, Debra Saliba, Mark Totten, and Jose C. Escarce #10424 (HE)
  
• The Nobel Memorial Prize for Robert F.Engle
  Francis X. Diebold #10423 (AP)
  
• Optimal Recursive Refinancing and the Valuation of Mortgage-Backed Securities
  Francis A. Longstaff #10422 (CF, AP)
  
• Employee Stock Purchase Plan
  Gary V. Engelhardt and Brigitte C. Madrian #10421 (CF, A, LS, PE)
  
• Backward Stealing and Forward Manipulation in the WTO
  Kyle Bagwell and Robert W. Staiger #10420 (ITI)
  
• 401(k) Matching Contributions in Company Stock: Costs and Benefits for Firms and Workers
  Jeffrey R. Brown, Nellie Liang, and Scott Weisbenner #10419 (CF, A, LS, PE)
  
• Corporate Yield Spreads: Default Risk or Liquidity? New Evidence from the Credit-Default Swap Market
  Francis A. Longstaff, Sanjay Mithal, and Eric Neis #10418 (AP)
  
• Legal Institutions and Financial Development
  Thorsten Beck and Ross Levine #10417 (IFM)
  
• Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment
  Tamim Bayoumi, Douglas Laxton, and Paolo Pesenti #10416 (EFG, IFM)
  
• Phased-In Tax Cuts and Economic Activity
  Christopher L. House and Matthew D. Shapiro #10415 (EFG, PE)
  
• Home Care Reimbursement, Long-term Care Utilization, and Health Outcomes
  Robin McKnight #10414 (A, HE)
  
• Conditional Betas
  Tano Santos and Pietro Veronesi #10413 (AP)
  
• A Rational Model of the Closed-End Fund Discount
  Jonathan Berk and Richard Stanton #10412 (AP)
  
• Financial Claustrophobia: Asset Pricing in Illiquid Markets
  Francis A. Longstaff #10411 (CF, AP)
  
• Heterogeneous Investors and their Changing Demand and Supply Schedules for Individual Common Stocks
  Jung-Wook Kim, Jason Lee, and Randall K. Morck #10410 (CF, AP)
  
• Asymmetric Social Interaction in Economics: Beatriz Gonzalez Lopez-Valcarel Cigarette Smoking Among Young People in the United States
  Jeffrey E. Harris and Beatriz Gonzalez Lopez-Valcarel #10409 (HE)
  

  Chapters for Forthcoming NBER Books

  "The Trade and Investment Effects of Preferential Trading Arrangements"
  Philippa Dee and Jyothi Gali
  "Employee Stock Purchase Plans"
  Gary V. Engelhart and Brigitte C. Madrian
  "Top Wealth Shares in the United States, 1916-2000: Evidence from Estate Tax Returns"
  Wojciech Kopczuk and Emmanuel Saez
  "The Alternative Minimum Tax and Effective Marginal Tax Rates"
  Daniel R. Feenberg and James M. Poterba
  "Valuing Assets in Retirement Saving Accounts"
  James M. Poterba

• Does the Market Value R&D; Investment by European Firms? Evidence from a Panel of Manufacturing Firms in France, Germany, and Italy
  Bronwyn H. Hall and Raffaele Oriani #10408 (IO, P)
  
• On the Undesirability of Commodity Taxation Even When Income Taxation is Not Optimal
  Louis Kaplow #10407 (PE)
  
• New Forecasts of the Equity Premium
  Christopher Polk, Samuel Thompson, and Tuomo Vuolteenaho #10406 (AP)
  
• Mergers and the Composition of International Commerce
  Volker Nocke and Stephen Yeaple #10405 (ITI)
  
• Timeliness, Trade and Agglomeration
  James Harrigan and Anthony J. Venables #10404 (ITI)
  
• Incentives in Corporations: Evidence from the American Whaling Industry
  Eric Hilt #10403 (DAE)
  
• What Explains the Stock Market's Reaction to Federal Reserve Policy?
  Ben S. Bernanke and Kenneth N. Kuttner #10402 (ME)
  
• Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias
  Orley Ashenfelter and Michael Greenstone #10401 (HE, LS, LE)
  
• The Institutions of Monetary Policy
  Mervyn King #10400 (EFG, IFM, ME, PE)
  

• Top Wealth Shares in the United States, 1916-2000: Evidence from Estate Tax Returns
  Wojciech Kopczuk and Emmanuel Saez #10399 (EFG, LS, PE)
  
• Microeconomic Flexibility in Latin America
  Ricardo J. Caballero, Eduardo M.R.A. Engel, and Alejandro Micco #10398 (EFG, LS)
  
• Agreeing Now to Agree Later: Contracts that Rule Out but do not Rule in
  Oliver Hart and John Moore #10397 (CF)
  
• The Trilemma in History: Tradeoffs among Exchange Rates, Monetary Policies, and Capital Mobility
  Maurice Obstfeld, Jay C. Shambaugh, and Alan M. Taylor #10396 (DAE, IFM)
  
• Valuing Assets in Retirement Saving Accounts
  James Poterba #10395 (A, AP, PE)
  
• Public Debt Management in Brazil
  Francesco Giavazzi and Alessandro Missale #10394 (IFM)
  
• Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period
  Maurice Obstfeld, Jay C. Shambaugh, and Alan M. Taylor #10393 (IFM, ME)
  
• Rule-of-Thumb Consumers and the Design of Interest Rate Rules
  Jordi Gali, J. David Lopez-Salido, and Javier Valles #10392 (EFG, ME)
  
• Transparency of Information and Coordination in Economies with Investment
  George-Marios Angeletos and Alessandro Pavan #10391 (EFG)
  
• Inflation Targeting and Debt: Lessons from Brazil
  Carlo A. Favero and Francesco Giavazzi #10390 (IFM)
  
• Fiscal Dominance and Inflation Targeting: Lessons from Brazil
  Olivier Blanchard #10389 (EFG, IFM, ME)
  
• An Empirical Analysis of the Economic Impact of Federal Terrorism Reinsurance
  Jeffrey R. Brown, J. David Cummins, Christopher M. Lewis, and Ran Wei #10388 (PE)
  
• Business Cycles in Emerging Economies: The Role of Interest Rates
  Pablo A. Neumeyer and Fabrizio Perri #10387 (EFG)
  
• Consumer Demand for Health Information on the Internet
  M. Kate Bundorf, Laurence Baker, Sara Singer, and Todd Wagner #10386 (HE, P)
  
• Legislative Representation, Bargaining Power, and the Distribution of Federal Funds: Evidence from the U.S. Senate
  Brian Knight #10385 (PE)
  
• Tracking the Source of the Decline in GDP Volatility: Analysis of the Automobile
  Valerie A. Ramey and Daniel J. Vine #10384 (EFG)
  
• Nominal Wage Rigidities in Mexico: Evidence from Social Security Records
  Sara G. Castellanos, Rodrigo García-Verdú, and David S. Kaplan #10383 (LS)
  
• Employer-Sponsored Disability Insurance: Where are the Gaps in Coverage?
  Helen Levy #10382 (HE, LS, PE)
  

  Chapters for Forthcoming NBER Books

  Introduction to "Emerging Labor Market Institutions for the 21st Century"
  edited by Richard B. Freeman, Joni Hersch and Lawrence Mishel
  Comment by Keiko Ito on "The Effects of Overseas Investment on Domestic Employment"
  
  "An Anatomy of International Trade: Evidence from French Firms"
  Jonathan Eaton, Samuel Kortum and Francis Kramarz

• Mortality Risk and Educational Attainment of Black and White Men
  Li Gan and Guan Gong #10381 (A)
  
• Business Environment and Firm Entry: Evidence from International Data
  Leora Klapper, Luc Laeven and Raghuram Rajan #10380 (CF)
  
• A New Micro Model of Exchange Rate Dynamics
  Martin D.D. Evans and Richard K.Lyons #10379 (IFM)
  
• Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies
  Bruce A. Blonigen and Miao Wang #10378 (IO)
  
• Transaction Prices and Managed Care Discounting for Selected Medical Technologies: A Bargaining Approach
  Avi Dor, Michael Grossman, and Siran M. Koroukian #10377 (HE)
  
• From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition
  Dani Rodrik and Arvind Subramanian #10376 (EFG, IFM)
  
• Government Gains from Self-Restraint: A Bargaining Theory of Inefficient Redistribution
  Allan Drazen and Nuno Limao #10375 (EFG, PE)
  
• Pay or Pray? The Impact of Charitable Subsidies on Religious Attendance
  Jonathan Gruber #10374 (PE)
  
• A Meta-Analysis of the Effect of Common Currencies on International Trade
  Andrew W. Rose #10373 (IFM, ITI)
  
• Dynamic Portfolio Selection by Augmenting the Asset Space
  Michael W. Brandt and Pedro Santa-Clara #10372 (AP)
  
• Inequality, Technology, and the Social Contract
  Roland Benabou #10371 (EFG, PE)
  
• Do College Instructors Matter? The Effects of Adjuncts and Graduate Assistants on Students' Interests and Success
  Eric Bettinger and Bridget Terry Long #10370 (ED)
  
• Shape Up or Ship Out: The Effects of Remediation on Students at Four-Year Colleges
  Eric Bettinger and Bridget Terry Long #10369 (ED)
  
• Three Strikes and You're Out: Reply to Cooper and Willis
  Ricardo J. Caballero and Eduardo M.R.A. Engel #10368 (EFG, LS)
  

  Chapters for Forthcoming NBER Books

  "Port Efficiency, Maritime Transport Costs and Bilateral Trade"
  Ximena Clark, David Dollar and Alejandro Micco
  "The Effects of Structural Reforms on Productivity and Profitability Enhancing Reallocation: Evidence from Colombia"
  Marcela Eslava, John Haltiwanger, Adriana Kugler and Maurice Kugler
  "Slow Recoveries"
  Raphael Bergoeing, Norman Loayza and Andrea Repetto
  "Unlocking Housing Equity in Japan"
  Olivia S. Mitchell and John Piggott
  "Nominal Wage Rigidities in Mexico: Evidence from Social Security Records"
  Sara G. Castellanos, Rodrigo García-Verdú and David S. Kaplan
  "Firm Dynamics, Investment, and Debt Portfolio: Balance Sheet Effects of the Mexican Crisis of 1994"
  Sangeeta Pratap and Carlos Urrutia
  "Once Again, Is Openness Good for Growth?"
  Ha Yan Lee, Luca Antonio Ricci and Roberto Rigobon

• The Effect of Structural Reforms on Productivity and Profitability Enhancing Reallocation: Evidence from Colombia
  Marcela Eslave, John Haltiwanger, Adriana Kugler, and Maurice Kugler #10367 (EFG, P)
  
• Would the Elimination of Affirmative Action Affect Highly Qualified Minority Applicants? Evidence from California and Texas
  David Card, and Alan B. Krueger #10366 (C, Ed, LS, PE)
  
• The Impact of Nearly Universal Insurance Coverage on Health Care Utilization and Health: Evidence from Medicare
  David Card, Carlos Dobkin, and Nicole Maestas #10365 (HC)
  
• Labor Productivity in Britain and America During the Nineteenth Century
  Stephen N. Broadberry and Douglas A. Irwin #10364 (DAE, ITI)
  
• The Dynamics of Seller Reputation: Theory and Evidence from eBay
  Luis Cabral and Ali Hortacsu #10363 (IO)
  
• Monetary and Fiscal Policy Switching
  Troy Davig, Eric M. Leeper, and Hess Chung #10362 (EFG)
  
• Subjective Outcomes in Economics
  Daniel S. Hamermesh #10361 (LS)
  
• Productivity Growth and Disinflation in Chile
  Jose De Gregorio #10360 (IFM)
  

• Interpreting the Predictions of Prediction Markets
  Charles F. Manski #10359
  
• The Effect of Financial Development on Convergence: Theory and Evidence
  Philippe Aghion, Peter Howitt, and David Mayer-Foulkes #10358 (EFG)
  
• Tax Policy and Education Policy: Collision or Coordination? A Case Study of the 529 and Coverdell Saving Incentives
  Susan M. Dynarski #10357 (ED, PE, C)
  
• How Well Can the New Open Economy Macroeconomics Explain the Exchange Rate and Current Account?
  Paul R. Bergin #10356 (IFM)
  
• Equity Style Returns and Institutional Investor Flows
  Kenneth A. Froot and Melvyn Teo #10355 (AP)
  
• Interest Rates and Backward-Bending Investment
  Raj Chetty #10354 (EFG, ME, PE)
  
• Port Efficiency, Maritime Transport Costs, and Bilateral Trade
  Ximena Clark, David Dollar, and Alejandro Micco #10353 (ITI)
  
• Fibonacci and the Financial Revolution
  William N. Goetzmann #10352 (AP)
  
• Business Cycle Accounting
  V.V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan #10351 (EFG)
  
• Co-Worker Complementarity and the Stability of Top Management Teams
  Rachel M. Hayes, Paul Oyer and Scott Schaefer #10350 (LS, LE)
  
• Do Foreign Students Crowd Out Native Students from Graduate Programs?
  George J. Borjas #10349 (ED, LS)
  
• Transaction Structures in the Developing World
  Josh Lerner and Antoinette Schoar #10348 (CF)
  
• On the Distributional Consequences of Child Labor Legislation
  Dirk Krueger and Jessica Tjornhom Donohue #10347 (EFG, LS, C)
  
• Technological Innovations and Endogenous Changes in U.S. Legal Institutions, 1790-1920
  B. Zorina Khan #10346 (DAE, LE)
  
• Time-Inconsistency and Welfare
  Jay Bhattacharya and Darius Lakdawalla #10345 (HE)
  
• Dissecting Trade: Firms, Industries, and Export Destinations
  Jonathan Eaton, Samuel Kortum, and Francis Kramarz #10344 (IFM, ITI)
  
• Portfolio Diversification and City Agglomeration
  William N. Goetzmann, Massimo Massa, and Andrei Simonov #10343 (AP)
  
• The European Union: A Politically Incorrect View
  Alberto Alesina and Roberto Perotti #10342 (EFG, ME, PE)
  
• Minimum Asset Requirements and Compulsory Liability Insurance As Solutions to the Judgment-Proof Problem
  Steven Shavell #10341 (LE)
  
• Unlocking Housing Equity in Japan
  Olivia S. Mitchell and John Piggott #10340 (A)
  
• Who Bears the Burden of Social Insurance?: Evidence from Japanese Health and Long-term Care Insurance Data
  Kohei Komamura and Atsuhiro Yamada #10339 (A, LS, PE)
  
• What Really Happened to Consumption Inequality in the US?
  Orazio Attanasio, Erich Battistin, and Hidehiko Ichimura #10338 (EFG)
  
• Capital Controls, Liberalizations, and Foreign Direct Investment
  Mihir A. Desai, C. Fritz Foley, and James R. Hines Jr.#10337 (CF, IFM, ITI)
  
• A Risk Management Approach to Emerging Market's Sovereign Debt Sustainability with an Application to Brazilian Data
  Marcio Garcia and Roberto Rigobon #10336 (IFM)
  
• From the Valley to the Summit: The Quiet Revolution that Transformed Women's Work
  Claudia Goldin #10335 (DAE, LS)
  
• Coordination vs. Differentiation in a Standards War: 56K Modems
  Angelique Augereau, Shane Greenstein, and Marc Rysman #10334 (IO, P)
  
• Are Policy Platforms Capitalized into Equity Prices? Evidence from the Bush/Gore 2000 Presidential Election
  Brian Knight #10333 (AP, PE)
  
• The Revived Bretton Woods System: The Effects of Periphery Intervention and Reserve Management on Interest Rates and Exchange Rates in Center Countries
  Michael P. Dooley, David Folkerts-Landau, and Peter Garber #10332 (IFM)
  
• The Long Road to the Fast Track: Career and Family
  Claudia Goldin #10331 (DAE, LS)
  
• Empirical Estimates for Environmental Policy Making in a Second-Best Setting
  Sarah E. West and Roberton C. Williams #10330 (PE, ENV)
  

• Good vs. Bad Deflation: Lessons from the Gold Standard Era
  Michael Bordo, John Landon Lane and Angela Redish #10329 (DAE, ME)
  
• The Expanding Pharmaceutical Arsenal in the War on Cancer
  Frank Lichtenberg #10328 (HC, P)
  
• Flight to Quality, Flight to Liquidity, and the Pricing of Risk
  Dimitri Vayanos #10327 (AP)
  
• The Consequences of Rigid Wages in Search Models
  Robert Shimer #10326 (EFG, LS)
  
• Production Function and Wage Equation Estimation with Heterogeneous Labor: Evidence from a New Matched Employer-Employee Data Set
  Judith K. Hellerstein and David Neumark #10325 (LS, P)
  
• The Illusion of Sustainability
  Michael Kremer and Edward Miguel #10324 (EFG, HC, PE)
  
• Market Power vs. Efficiency Effects of Mergers and Research Joint Ventures: Evidence from the Semiconductor Industry
  Ralph Siebert and Klaus Gugler #10323 (IO, P)
  
• The (Un)Changing Geographical Distribution of Housing Tax Benefits: 1980-2000
  Todd Sinai and Joseph Gyourko #10322 (PE)
  
• Taxation and Corporate Payout Policy
  James Poterba #10321 (CF, PE)
  
• Household vs. Personal Accounts of the U.S. Labor Market, 1965-2000
  Casey B. Mulligan and Yona Rubinstein #10320 (LS, PE)
  
• Surviving the U.S. Import Market: The Role of Product Differentiation
  Tibor Besedes and Thomas J. Prusa #10319 (ITI)
  
• Is the Invisible Hand Discerning or Insdiscriminate? Investment and Stock Prices in the Aftermath of Capital Account Liberalizations
  Anusha Chari and Peter Blair Henry #10318 (CF, IFM)
  
• International Trade and Child Labor: Cross-Country Evidence
  Eric Edmonds and Nina Pavcnik #10317 (C, ITI. LS)
  
• Why Do Americans Work so Much More Than Europeans?
  Edward C. Prescott #10316 (A, EFG, PE)
  
• Putting Computerized Instruction to the Test: A Randomized Evaluation of a "Scientifically-based Reading Program
  Cecilia Elean Rouse and Alan B. Krueger #10315 (C, Ed)
  
• Globalization and the Gains from Variety
  Christian Broda and David E. Weinstein #10314 (ITI)
  
• Ethnic Diversity and Economic Performance
  Alberto Alesina and Eliana La Ferrara #10313 (EFG, PE)
  
• Opportunities, Race, and Urban Location: The Influence of John Kain
  Edward L. Glaeser, Eric A. Hanushek, and John M. Quigley #10312 (LE, PE)
  
• Changes in the Disparities in Chronic Disease during the Course of the Twentieth Century
  Robert W. Fogel #10311 (A, DAE, HE)
  

• The Economic Future of Europe
  Olivier Blanchard #10310 (EFG)
  
• Technology Shocks in the New Keynesian Model
  Peter N. Ireland #10309 (EFG)
  
• Asbestos and the Future of Mass Torts
  Michelle J. White #10308 (LE)
  
• Consumption vs. Expenditure
  Mark Aguiar and Erik Hurst #10307 (EFG)
  
• Rearranging the Family? Income Support and Elderly Living Arrangements in a Low Income Country
  Eric Edmonds, Kristin Mammen, and Douglas L. Miller #10306 (C)
  

• Personal Accounts and Family Retirement
  Alan L. Gustman and Thomas L. Steinmeier #10305 (A, LS, PE)
  
• Does "Aggregation Bias" Explain the PPP Puzzle?
  Shiu-Sheng Chen and Charles Engel #10304 (ITI)
  
• Robustness of Productivity Estimates
  Johannes Van Biesebroeck #10303 (P)
  
• The Economics of Latin American Art: Creativity Patterns and Rates of Return
  Sebastian Edwards #10302 (AP)
  
• Did Dividends Increase Immediately After the 2003 Reduction in Tax Rates?
  Jennifer L. Blouin, Jana Smith-Raedy, and Douglas A. Shackelford #10301 (PE)
  
• Market Integration and Economic Development: A Long-run Comparison
  Wolfgang Keller and Carol H. Shiue #10300 (ITI, P)
  
• The Best of Times, the Worst of Times: Health and Nutrition in Pre-Columbian America
  Richard H. Steckel #10299 (DAE)
  
• Interest Rates and Initial Public Offerings
  Boyan Jovanovic and Peter L. Rousseau #10298 (CF, EFG, ME)
  

• Dynamics of Labor Demand: Evidence from Plant-level Observations and Aggregate Implications
  Russell W. Cooper, John C. Haltiwanger, and Jonathan Willis #10297 (EFG, LS, P)
  
• Serial Default and the "Paradox" of Rich to Poor Capital Flows
  Carmen M. Reinhart and Kenneth S. Rogoff #10296 (EFG, IFM)
  
• How Do Banks Set Interest Rates?
  Leonardo Gambacorta #10295 (ME)
  
• Aggregate Supply and Potential Output
  Assaf Razin #10294 (IFM, ME)
  
• The Positive Link Between Financial Liberalization, Growth and Crises
  Aaron Tornell, Frank Westermann, and Lorenza Martinez #10293 (IFM)
  
• Subsidy Agreements
  Kyle Bagwell and Robert W. Staiger #10292 (ITI)
  
• How Much Equity Does the Government Hold?
  Alan J. Auerbach #10291 (CF, PE)
  
• Monetary and Fiscal Remedies for Deflation
  Alan J. Auerbach and Maurice Obstfeld #10290 (EFG, IFM, ME, PE)
  
• NAFTA and Mexico's Less-Than-Stellar Performance
  Aaron Tornell, Frank Westermann, and Lorenza Martinez #10289 (IFM)
  
• Legal Regime and Business's Organizational Choice
  Naomi R. Lamoreaux and Jean-Laurent Rosenthal #10288 (DAE)
  
• Mandatory Unbundling and Irreversible Investment in Telecom Networks
  Robert S. Pindyck #10287 (IO)
  
• Self-Employment: More may not be better
  David G. Blanchflower #10286 (LS)
  
• ENTICE-BR: The Effects of Backstop Technology R&D; on Climate Policy Models
  David Popp #10285 (P)
  

• Capital Controls: Mud in the Wheels of Market Discipline
  Kristin J. Forbes #10284 (IFM)
  
• Equilibrium Policy Experiments and the Evaluation of Social Programs
  Jeremy Lise, Shannon Seitz, and Jeffrey Smith #10283 (LS, PE)
  
• Social Security and Unsecured Debt
  Erik Hurst and Paul Willen #10282 (AP, PE)
  
• The Demand for Sons: Evidence from Divorce, Fertility, and Shotgun Marriage
  Gordon B. Dahl and Enrico Moretti #10281 (LS,C)
  
• Monetary Policy and the Volatility of Real Exchange Rates in New Zealand
  Kenneth D. West #10280 (IFM, ME)
  
• Cross-country Conversion Factors for Sectoral Productivity Comparisons
  Johannes Van Biesebroeck #10279 (P)
  
• Demand Estimation with Heterogeneous Consumers and Unobserved Product Characteristics: A Hedonic Approach
  C. Lanier Benkard and Patrick Bajari #10278 (IO)
  
• Financial Openness, Sudden Stops and Current Account Reversals
  Sebastian Edwards #10277 (IFM)
  
• Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops
  Sebastian Edwards #10276 (IFM)
  
• Tax-Motivated Trading by Individual Investors
  Zoran Ivkovich, James Poterba, and Scott Weisbenner #10275 (PE)
  
• Single Mothers Working at Night: Standard Work, Child Care Subsidies, and Implications for Welfare Reform
  Erdal Tekin #10274 (LS,PE)
  
• Reported Incomes and Marginal Tax Rates, 1960-2000: Evidence and Policy Implications
  Emmanuel Saez #10273 (PE)
  
• Chaotic Interest Rate Rules: Expanded Version
  Jess Benhabib, Stephanie Schmitt-Grohe, and Martin Uribe #10272 (EFG, ME)
  
• Does Copyright Piracy Pay? The Effects of U.S. International Copyright Laws on the Market for Books, 1790-1920
  B. Zorina Khan #10271 (DAE, LE, P)
  
• The Declining Equity Premium: What Role Does Macroeconomic Risk Play?
  Martin Lettau, Sydney C. Ludvigson, and Jessica A. Wachter #10270 (AP)
  
• Does Competition Destroy Ethical Behavior?
  Andrei Shleifer #10269 (CF, IO, LS, LE)
  
• Deflation and Depression: Is There an Empirical Link?
  Andrew Atkeson and Patrick Kehoe #10268 (EFG, ME)
  
• Accounting for Exchange Rate Variability in Present-Value Models When the Discount Factor is Near One
  Charles Engel and Kenneth D. West #10267 (IFM,AP)
  
• Life-Cycle Consumption and the Age-Adjusted Value of Life
  Thomas J. Kniesner, W. Kip Viscusi and James P. Ziliak #10266 (HE, LE)
  
• Does Illiquidity Alter Child Labor and Schooling Decisions? Evidence from Household Responses to Anticipated Cash Transfers in South Africa
  Eric V. Edmonds #10265 (C)
  
• Investor Behavior in the Option Market
  Josef Lakonishok, Inmoo Lee, and Allen M. Poteshman #10264 (AP)
  
• Inflation Illusion and Stock Prices
  John Y. Campbell and Tuomo Vuolteenaho #10263 (EFG, ME, AP)
  
• What do Aggregate Consumption Euler Equations Say about the Capital Income Tax Burden?
  Casey B. Mulligan #10262 (EFG, PE)
  
• Deep Habits
  Morten Ravn, Stephanie Schmitt-Grohe, and Martin Uribe #10261 (EFG, IO)
  
• Are Americans Saving "Optimally" for Retirement?
  John Karl Scholz, Ananth Seshadri, and Surachai Khitatrakun #10260 (A, PE)
  
• Why Are Most Funds Open-End? Competition and the Limits of Arbitrage
  Jeremy C. Stein #10259 (CF, AP)
  
• R&D; Investments with Competitive Interactions
  Kristian R. Miltersen and Eduardo S. Schwartz #10258 (IO, P, AP)
  
• Is here a Retirement-Consumption Puzzle? Evidence Using Subjective Retirement Expectations
  Steven J. Haider and Melvin Stephens Jr. #10257 (EFG, A, LS)
  
• Market Culture: How Norms Governing Exploding Offers Affect Market Performance
  Muriel Niederle and Alvin E. Roth #10256 (IO, LS)
  

  Chapters for Forthcoming NBER Books

  Introduction to "International Trade," EASE Volume 14, edited by Takatoshi Ito and Andrew K. Rose
  "Reported Incomes and Marginal Tax Rates, 1960-2000: Evidence and Policy Implications"
  Emmanuel Saez
  "Tax Policy and Education Policy: Collision or Coordination? A Case Study of the 529 and Coverdell Saving Incentives"
  Susan Dynarsk
  "Wage Rigidities in Mexico: Evidence from Social Security Records"
  Sara G. Castellanos, Rodrigo García-Verdú and David S. Kaplan
  "Financing Consumption in an Aging Japan: The Role of Foreign Capital Inflows and Immigration"
  Robert Dekle
  "Who Bears the Burden of Social Insurance? Evidence from Japanese Health and Long-Term Care Insurance Data"
  Kohei Komamura and Atsuhiro Yamada
  "Falling Trade Costs, Heterogeneous Firms, and Industry Dynamics"
  Andrew B. Bernard, J. Bradford Jensen and Peter K. Schott
  "Learning from Exporting: Plant-Level Evidence from Indonesia's Trade Liberalization"
  Garrick Blalock and Paul Gertler
  "Productivity Growth and Disinflation in Chile"
  José De Gregorio
  "Social Security and the Well-Being of the Elderly: Three Concepts of Generosity"
  Pierre Pestieau
  "Productivity: Competition, Embodied Technology and Heterogeneous Response to Tariff Reduction: Evidence from Brazilian Manufacturing Firms"
  Adriana Schor

• A Monte Carlo Study of Growth Regressions
  William R. Hauk, Jr. and Romain Wacziarg #T0296 (TWP)
  
• The Great Depression and the Friedman-Schwartz Hypothesis
  Lawrence J. Christiano, Roberto Motto, and Massimo Rostagno #10255 (EFG, ME)
  
• The Response of Hours to a Technology Stock: Evidence Based on Direct Measures of Technology
  Lawrence J. Christiano, Martin Eichenbaum, and Robert Vigfusson #10254 (EFG)
  
• Optimal Simple and Implementable Monetary and Fiscal Rules
  Stephanie Schmitt-Grohe and Martin Uribe #10253 (ME)
  
• A Search for Multiple Equilibria in Urban Industrial Structure
  Donald R. Davis and David E. Weinstein #10252 (IO, PE)
  
• Air Pollution and Infant Health: What Can We Learn From California's Recent Experience?
  Janet Currie and Matthew Neidell #10251(ENV, HE, C)
  
• Tight Clothing: How the MFA Affects Asian Apparel Exports
  Carolyn L. Evans and James Harrigan #10250 (ITI)
  
• National Sovereignty in an Interdependent World
  Kyle Bagwell and Robert W. Staiger #10249 (ITI)
  
• Persuasion in Politics
  Kevin Murphy and Andrei Shleifer #10248 (EFG)
  
• How Well Do Parents With Young Children Combine Work and Family Life?
  Christopher J. Ruhm #10247 (C)
  
• Financial Development and the Instability Of Open Economies
  Philippe Aghion, Philippe Bacchetta and Abhijit Banerjee #10246(EFG, IFM)
  
• A Scapegoat Model of Exchange Rate Fluctuations
  Philippe Bacchetta and Eric van Wincoop #10245(IFM)
  
• Fooling Ourselves: Evaluating the Globalization and Growth Debate
  James Levinsohn and Juan Carlos Hallak #10244 (ITI)
  
• The Labor Market Effects of the 1960s Riots
  William J. Collins and Robert A. Margo #10243 (DAE, LS)
  
• How Financial Aid Affects Persistence
  Eric Bettinger #10242 (ED)
  
• Bureaucrats or Politicians?
  Alberto Alesina and Guido Tabellini #10241 (EFG, PE)
  
• Incentives vs. Control: An Analysis of U.S. Dual-Class Companies
  Paul A. Gompers, Joy Ishii, and Andrew Metrick #10240 (CF, AP)
  
• Is it is or is it Ain't my Obligation? Regional Debt in Monetary Unions
  Russell Cooper, Hubert Kempf, and Dan Peled #10239 (EFG)
  
• Investment Prices and Exchange Rates: Some Basic Facts
  Ariel Burstein, Joao C. Neves and Sergio Rebelo #10238 (EFG, IFM)
  
• Knowledge Management, Innovation and Productivity: A Firm Level Exploration Based on French Manufacturing CIS3 Data
  Elizabeth Kremp and Jacques Mairesse #10237 (P)
  
• Financial Development and Growth in the Short and Long Run
  Raymond Fisman and Inessa Love #10236 (CF, EFG)
  
• The Geography of Stock Market Participation: The Influence of Communities and Local Firms
  Jeffrey R. Brown, Zoran Ivkovich, Paul A. Smith and Scott J. Weisbenner #10235 (AP, PE)
  
• Population and Regulation
  Casey B. Mulligan and Andrei Shleifer #10234 (EFG, IO, PE)
  
• Market Reactions to Export Subsidies
  Mihir A. Desai and James R. Hines Jr. #10233 (ITI, AP, PE)
  
• On the Desirability of Fiscal Constraints in a Monetary Union
  V.V. Chari and Patrick J. Kehoe #10232 (EFG, IFM)
  
• Efficiency with Endogenous Population Growth
  Mikhail Golosov, Larry E. Jones, and Michele Tertilt #10231 (EFG)
  
• Helping the Poor to Help Themselves: Debt Relief or Aid
  Serkan Arslanalp and Peter Blair Henry #10230 (IFM)
  
• Some Simple Analytics of School Quality
  Eric A. Hanushek #10229 (ED, LS, PE, C)
  

• Optimal Integration Strategies for the Multinational Firm
  James J. Choi, David Laibson, Brigitte C. Madrian, and Andrew Metrick #10228 (AP)
  
• What Happens When Child Care Inspections and Complaints Are Made Available on the Internet?
  Ann Dryden Witte and Magaly Queralt #10227 (C)
  
• Interpersonal Effects in Consumption: Evidence from the Automobile Purchases of Neighbors
  Mark Grinblatt, Matti Keloharju, and Seppo Ikaheimo #10226 (AP)
  
• World Markets for Raising New Capital
  Brian J. Henderson and Michael S. Weisbach #10225 (CF, IFM)
  
• Private Benefits and Cross-Listings in the United States
  Evangelos Benos and Michael S. Weisbach #10224 (CF)
  
• The New New Financial Thing: The Sources of Innovation Before and After State Street
  Josh Lerner #10223 (CF, P)
  
• Why Do Some Firms Give Stock Options to All Employees?: An Empirical Examination of Alternative Theories
  Paul Oyer and Scott Schaefer #10222 (CF, LS, LE)
  
• Compensating Employees Below the Executive Ranks: A Comparison of Options, Restricted Stock, and Cash
  Paul Oyer and Scott Schaefer #10221 (CF, LS, LE)
  
• Measuring the Effects of Monetary Policy: A Factor-Augmented Vector Autoregessive (FAVAR) Approach
  Ben S. Bernanke, Jean Boivin, and Piotr Eliasz #10220 (ME)
  
• How Large are the Classification Errors in the Social Security Disability Award Process?
  Hugo Benitez-Silva, Moshe Buchinsky, and John Rust #10119 (A, LS, PE)
  
• Aggregate Short Interest and Market Valuations
  Owen A. Lamont and Jeremy C. Stein #10218 (AP)
  
• Is Debt Relief Efficient?
  Serkan Arslanalp and Peter Blair Henry #10217 (IFM)
  
• The Absent-Minded Consumer
  John Ameriks, Andrew Caplin, and John Leahy #10216 (EFG)
  
• The Effect of Job Security Regulations on Labor Market Flexibility: Evidence from the Colombian Labor Market Reform
  Adriana Kugler #10215 (LS)
  
• Family Cap Provisions and Changes in Births and Adoptions
  Ted Joyce, Robert Kaestner, Sanders Korenman, and Stanley Henshaw #10214 (HE, PE, C)
  
• A Portrait of the Artist as a Young or Old Innovator: Measuring the Careers of Modern Novelists
  David W. Galenson #10213 (LS)
  
• Innovation and Diffusion
  Bronwyn H. Hall #10212 (P)
  
• Consumption Commitments, Unemployment Durations, and Local Risk Aversion
  Raj Chetty #10211 (EFG, LS, AP, PE)
  
• Robust Aggregate Implications of Stochastic Discount Factor Volatility
  Casey B. Mulligan #10210 (EFG, AP)
  
• Physical and Human Capital Deepening and New Trade Patterns in Japan
  Keiko Ito and Kyoji Fukao #10209 (ITI)
  
• Exporting and Performance of Plants: Evidence from Korean Manufacturing
  Chin Hee Hahn #10208 (ITI)
  
• Does the WTO Make Trade More Stable?
  Andrew K. Rose #10207 (ITI)
  
• Does the Length of Maternity Leave Affect Maternal Health?
  Pinka Chatterji and Sara Markowitz #10206 (HE)
  
• Foreign Lobbies and US Trade Policy
  Kishore Gawande, Pravin Krishna, and Michael J. Robbins #10205 (ITI)
  
• Managed Care, Drug Benefits and Mortality: An Analysis of the Elderly
  Gautam Gowrisankaran and Robert J. Town #10204 (HE)
  

  Chapters for Forthcoming NBER Books

  Comments by Chin Hee Hahn on "Physical and Human Capital Deepening and New Trade Patterns in Japan," by Keiko Ito and Kyoji Fukao and "The Effects of Financial Crises on International Trade," by Zihui Ma and Leonard Cheng
  Introduction to "Measuring Capital in the New Economy," edited by Carol Corrado, John Haltiwanger and Daniel Sichel
  "Measuring Capital and Technology: An Expanded Framework"
  Carol Corrado, Charles Hulten and Daniel Sichel
  Remarks by Baruch Lev and Robert E. Hall on private-sector approaches to accounting for intangible assets
  Comment by Edward C. Prescott on "Measuring Capital and Technology: An Expanded Framework," by Carol Corrado, Charles Hulten and Daniel Sichel
  Comment by Timothy F. Bresnahan on "The Measurement of Firm-Specific Organization Capital," by Baruch Lev and Suresh Radhakrishnan
  Comment by Katharine G. Abraham on "The Relation among Human Capital, Productivity and Market Value: Building Up from Micro Evidence," by John Abowd, John Haltiwanger, Ron Jarmin, Julia Lane, Paul Lengermann, Kristin McCue, Kevin McKinney and Kristin Sandusky
  Comment by Eric J. Bartelsman on "Pharmaceutical Knowledge-Capital Accumulation and Longevity," by Frank R. Lichtenberg
  Comment by Barry Bosworth on "Information Processing Equipment and Software in the National Accounts," by Bruce T. Grimm, Brent R. Moulton and David B. Wasshausen
  Comment by Michael J. Harper on "Growth of U.S. Industries and Investments in Information Technology and Higher Education," by Dale W. Jorgenson, Mun S. Ho and Kevin J. Stiroh
  Comment by Frank C. Wykoff on "Measuring Capital," by Erwin Diewert
  "The Role and Functioning of Public-Interest Legal Organizations in the Enforcement of the Employment Laws"
  Christine Jolls

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