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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.

• Cumulative Effects of Job Characteristics on Health
  Jason M. Fletcher, Jody L. Sindelar, and Shintaro Yamaguchi #15121 (AG, HE)
  
• Transmission of the U.S. Subprime Crisis to Emerging Markets: Evidence on the Decoupling-Recoupling Hypothesis
  Michael P. Dooley and Michael M. Hutchison #15120 (IFM)
  
• Credit Constraints, Cyclical Fiscal Policy and Industry Growth
  Philippe Aghion, David Hemous, and Enisse Kharroubi #15119 (EFG)
  
• Negative Nominal Interest Rates: Three ways to overcome the zero lower bound
  Willem H. Buiter #15118 (IFM, ME)
  
• Stepping Off the Wage Escalator: The Effects of Wage Growth on Equilibrium Employment
  Michael W. L. Elsby and Matthew D. Shapiro #15117 (EFG, LS, ME, PR)
  
• Putting Tasks to the Test: Human Capital, Job Tasks and Wages
  David H. Autor and Michael J. Handel #15116 (LS)
  
• Capital Income Taxes with Heterogeneous Discount Rates
  Peter A. Diamond and Johannes Spinnewijn #15115 (PE)
  
• Public Policy, Health Insurance and the Transition to Adulthood
  Phillip B. Levine, Robin McKnight, and Samantha Heep #15114 (CH, HC, HE)
  
• Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks
  James Feyrer and Jay C. Shambaugh #15113 (EFG, IFM, ME)
  
• Anti-Lemons: School Reputation and Educational Quality
  W. Bentley MacLeod and Miguel Urquiola #15112 (ED, LS)
  

• Risk Sharing, Inequality and Fertility
  Roozbeh Hosseini, Larry E. Jones, and Ali Shourideh #15111 (EFG, PE)
  
• Risk Allocation, Debt Fueled Expansion and Financial Crisis
  Paul Beaudry and Amartya Lahiri #15110 (EFG)
  
• Tax reform, delocation and heterogeneous firms
  Richard Baldwin and Toshihiro Okubo #15109 (ITI)
  
• Default, Framing and Spillover Effects: The Case of Lifecycle Funds in 401(k) Plans
  Olivia S. Mitchell, Gary R. Mottola, Stephen P. Utkus, and Takeshi Yamaguchi #15108 (AG, LS, PE)
  
• Estimating the Impact of Trade and Offshoring on American Workers Using the Current Population Surveys
  Avraham Ebenstein, Ann Harrison, Margaret McMillan, and Shannon Phillips #15107 (EEE, ITI)
  
• The Effects of Consumer-Directed Health Plans on Health Care Spending
  Anthony T. Lo Sasso, Lorens A. Helmchen, and Robert Kaestner #15106 (HE)
  
• The Long-Term Effects of Military Conscription on Mortality: Estimates from the Vietnam-era Draft Lottery
  Dalton Conley and Jennifer A. Heerwig #15105 (HE)
  
• Yet Another Tale of Two Cities: Buenos Aires and Chicago
  Filipe Campante and Edward L. Glaeser #15104 (PE)
  
• The Complementarity between Cities and Skills
  Edward L. Glaeser and Matthew G. Resseger #15103 (PE)
  
• Buy Local? The Geography of Successful and Unsuccessful Venture Capital Expansion
  Henry Chen, Paul Gompers, Anna Kovner, and Josh Lerner #15102 (CF, PR)
  

• Obesity, Self-esteem and Wages
  Naci H. Mocan and Erdal Tekin #15101 (HE)
  
• Risk-Based Pricing and Risk-Reducing Effort: Does the Private Insurance Market Reduce Environmental Accidents?
  Haitao Yin, Howard Kunreuther, and Matthew Whte #15100 (EEE, IO, LE, PE)
  
• Crime and Body Weight in the Nineteenth Century: Was there a Relationship between Brawn, Employment Opportunities and Crime?
  Howard Bodenhorn and Gregory Price #15099 (DAE, LS)
  
• Abortion and Crime: A Review
  Theodore J. Joyce #15098 (CH, HE)
  
• Skill Dispersion and Trade Flows
  Matilde Bombardini, Giovanni Gallipoli, and German Pupato #15097 (ITI)
  
• Food Prices and the Dynamics of Body Weight
  Dana Goldman, Darius Lakdawalla, and Yuhui Zheng #15096 (HE)
  
• War and Relatedness
  Enrico Spolaore and Romain Wacziarg #15095 (POL)
  
• The New Kaldor Facts: Ideas, Institutions, Population, and Human Capital
  Charles I. Jones and Paul M. Romer #15094 (EFG, ITI, PR)
  
• The Competitive Saving Motive: Evidence from Rising Sex Ratios and Savings Rates in China
  Shang-Jin Wei and Xiaobo Zhang #15093 (IFM, ME)
  
• Identification in Matching Games
  Jeremy T. Fox #15092 (IO, LS, TWP)
  
• Do Multinationals or Domestic Firms Face Higher Effective Tax Rates?
  Kevin S. Markle and Douglas Shackelford #15091 (PE)
  
• Life at the top: the benefits of height
  Angus S. Deaton and Raksha Arora #15090 (AG, HC)
  
• Modern Medicine and the 20th Century Decline in Mortality: Evidence on the Impact of Sulfa Drugs
  Seema Jayachandran, Adriana Lleras-Muney, and Kimberly V. Smith #15089 (DAE, HC, HE)
  
• State Capacity, Conflict and Development
  Timothy J. Besley and Torsten Persson #15088 (POL)
  
• A Free Lunch in the Commons
  Matthew J. Kotchen and Stephen W. Salant #15086 (EEE, PE)
  
• Censored Quantile Instrumental Variable Estimates of the Price Elasticity of Expenditure on Medical Care
  Amanda E. Kowalski #15085 (AG, HC)
  
• What Comes to Mind
  Nicola Gennaioli and Andrei Shleifer #15084 (AP, CF)
  
• Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century
  Raghuram G. Rajan and Rodney Ramcharan #15083 (CF, DAE, ME, PE, POL)
  
• What Do Emissions Markets Deliver and to Whom? Evidence from Southern California's NOx Trading Program
  Meredith Fowlie, Stephen P. Holland, and Erin T. Mansur #15082 (EEE, IO)
  

• The Economics of Renewable Energy
  Geoffrey Heal #15081 (EEE)
  
• Inequality and Volatility Moderation in Russia: Evidence from Micro-Level Panel Data on Consumption and Income
  Yuriy Gorodnichenko, Klara Sabirianova Peter, and Dmitriy Stolyarov #15080 (ED, EFG, LS)
  
• Extending Life Cycle Models of Optimal Portfolio Choice: Integrating Flexible Work, Endogenous Retirement, and Investment Decisions with Lifetime Payouts
  Jingjing Chai, Wolfram Horneff, Raimond Maurer, and Olivia S. Mitchell #15079 (AG, LS, PE)
  
• Birth Cohort and the Black-White Achievement Gap: The Roles of Access and Health Soon After Birth
  Kenneth Y. Chay, Jonathan Guryan, and Bhashkar Mazumder #15078 (CH, ED, HC, HE, LS, PE)
  
• Decomposing the U.S. External Returns Differential
  Stephanie E. Curcuru, Tomas Dvorak, and Francis E. Warnock #15077 (IFM)
  
• The Equality Multiplier
  Erling Barth and Karl O. Moene #15076 (LS)
  
• The (Mythical?) Housing Wealth Effect
  Charles Calomiris, Stanley D. Longhofer, and William Miles #15075 (EFG)
  
• Opting For Families: Recent Trends in the Fertility of Highly Educated Women
  Qingyan Shang and Bruce A. Weinberg #15074 (CH, LS)
  
• Conceptual Revolutions in Twentieth-Century Art
  David Galenson #15073 (ED, LS)
  
• A Model of a Systemic Bank Run
  Harald Uhlig #15072 (AP, EFG, ME)
  
• Optimal Taxation in Theory and Practice
  N. Gregory Mankiw, Matthew Weinzierl, and Danny Yagan #15071 (ME, PE)
  
• Is Social Security Part of the Social Safety Net?
  Jeffrey R. Brown, Julia Lynn Coronado, and Don Fullerton #15070 (AG, PE)
  
• Empirics of Strategic Interdependence: The Case of the Racial Tipping Point
  William Easterly #15069 (POL)
  
• The Quality of Medical Care, Behavioral Risk Factors, and Longevity Growth
  Frank R. Lichtenberg #15068 (EFG, HC)
  
• China's Land Market Auctions: Evidence of Corruption
  Hongbin Cai, J. Vernon Henderson, and Qinghua Zhang #15067 (PE)
  
• Schooling, Cognitive Skills, and the Latin American Growth Puzzle
  Eric A. Hanushek and Ludger Woessmann #15066 (ED, EFG, LS, PE)
  
• Adoption Curves and Social Interactions
  William A. Brock and Steven N. Durlauf #15065 (EFG, TWP)
  
• Do Race and Fairness Matter in Generosity? Evidence from a Nationally Representative Charity Experiment
  Christina M. Fong and Erzo F.P. Luttmer #15064 (LS, PE, POL)
  
• Reducing Foreclosures: No Easy Answers
  Christopher Foote, Kristopher Gerardi, Lorenz Goette, and Paul Willen #15063 (EFG)
  

• Crash Risk in Currency Markets
  Emmanuel Farhi, Samuel Paul Fraiberger, Xavier Gabaix, Romain Ranciere, and Adrien Verdelhan #15062 (AP, EFG, IFM)
  
• Do Patent Pools Encourage Innovation? Evidence from the 19th-Century Sewing Machine Industry
  Ryan L. Lampe and Petra Moser #15061 (DAE, LE, PR)
  
• Learning by Drilling: Inter-Firm Learning and Relationship Persistence in the Texas Oilpatch
  Ryan Kellogg #15060 (EEE, IO, PR)
  
• Inequality Trends for Germany in the Last Two Decades: A Tale of Two Countries
  Nicola Fuchs-Sch?ndeln, Dirk Krueger, and Mathias Sommer #15059 (EFG)
  
• Bailouts, the Incentive to Manage Risk, and Financial Crises
  Stavros Panageas #15058 (AP, CF)
  
• Measuring Discrimination in Education
  Rema Hanna and Leigh Linden #15057 (CH, ED, LS)
  
• Equilibrium effects of public goods: The impact of community water fluoridation on dentists
  Katherine Ho and Matthew Neidell #15056 (HC, HE, IO, LS, PE)
  
• Labor-Market Regimes in U.S. Economic History
  Joshua L. Rosenbloom and William A. Sundstrom #15055 (DAE)
  
• Tax Policies for Low-Carbon Technologies
  Gilbert E. Metcalf #15054 (EEE, PE)
  
• Integrated Political Strategy
  John M. de Figueiredo #15053 (LE, POL)
  
• The Japanese Bubble: A 'Heterogeneous' Approach
  Robert B. Barsky #15052 (AP, EFG, ME)
  
• Generalized Agency Problems
  Randall Morck #15051 (CF)
  
• Information, Animal Spirits, and the Meaning of Innovations in Consumer Confidence
  Robert B. Barsky and Eric R. Sims #15049 (EFG, ME)
  
• Trade, Offshoring, and the Invisible Handshake
  Bilgehan Karabay and John McLaren #15048 (ITI)
  
• Pricing Model Performance and the Two-Pass Cross-Sectional Regression Methodology
  Raymond Kan, Cesare Robotti, and Jay Shanken #15047 (AP)
  
• Economic Contextual Factors and Child Body Mass Index
  Lisa M. Powell and Frank J. Chaloupka #15046 (HE)
  
• The Credit Rating Crisis
  Efraim Benmelech and Jennifer Dlugosz #15045 (AP, CF, LE, ME)
  
• Firm Heterogeneity and the Long-run Effects of Dividend Tax Reform
  Francois Gourio and Jianjun Miao #15044 (CF, EFG, PE)
  
• Can a Focus on Breakthrough Technologies Improve the Performance of International Environmental Agreements?
  Michael Hoel and Aart de Zeeuw #15043 (EEE)
  
• Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance
  Randall Morck and Bernard Yeung #15042 (CF)
  
• Why Do Mothers Breastfeed Girls Less Than Boys? Evidence and Implications for Child Health in India
  Seema Jayachandran and Ilyana Kuziemko #15041 (CH, HC, HE)
  
• Amplification Mechanisms in Liquidity Crises
  Arvind Krishnamurthy #15040 (AP, CF, ME)
  
• Physical Activity: Economic and Policy Factors
  Melayne M. McInnes and Judith A. Shinogle #15039 (HE)
  
• Is Investor Rationality Time Varying? Evidence from the Mutual Fund Industry
  Vincent Glode, Burton Hollifield, Marcin Kacperczyk, and Shimon Kogan #15038 (AP, CF)
  
• The ABCs of Charitable Solicitation
  Jonathan Meer and Harvey S. Rosen #15037 (ED, PE)
  
• Why Do Skilled Immigrants Struggle in the Labor Market? A Field Experiment with Six Thousand Resumes
  Philip Oreopoulos #15036 (LS)
  
• Co-optimization of Enhanced Oil Recovery and Carbon Sequestration
  Andrew Leach, Charles F. Mason, and Klaas van't Veld #15035 (EEE)
  
• What Lies Beneath the Euro's Effect on Financial Integration: Currency Risk, Legal Harmonization, or Trade?
  Sebnem Kalemli-Ozcan, Elias Papaioannou, and Jose-Luis Peydro #15034 (EFG, IFM, ITI)
  
• Wage Dispersion in the Search and Matching Model with Intra-Firm Bargaining
  Dale T. Mortensen #15033 (EFG)
  
• Endogenous Cost-Effectiveness Analysis in Health Care Technology Adoption
  Anupam Jena and Tomas Philipson #15032 (AG, HC, HE)
  
• Energy Efficiency Economics and Policy
  Kenneth Gillingham, Richard G. Newell, and Karen Palmer #15031 (EEE)
  
• Comparative Advantage and Unemployment
  Mark Bils, Yongsung Chang, and Sun-Bin Kim #15030 (EFG)
  
• Technology Innovation and Diffusion as Sources of Output and Asset Price Fluctuations
  Diego A. Comin, Mark Gertler, and Ana Maria Santacreu #15029 (AP, EFG, ME, PR)
  
• Land Policy: Founding Choices and Outcomes, 1781-1802
  Farley Grubb #15028 (DAE)
  
• Direct and Indirect Effects of Teenage Body Weight on Adult Wages
  Euna Han, Edward C. Norton, and Lisa M. Powell #15027 (HE)
  
• Computing DSGE Models with Recursive Preferences
  Dario Caldara, Jes?s Fern?ndez-Villaverde, Juan F. Rubio-Ram?rez, and Wen Yao #15026 (EFG)
• Debt, Deficits and Finite Horizons: The Stochastic Case
  Roger Farmer, Carine Nourry, and Alain Venditti #15025 (EFG)
  
• Inflation and the Stock Market:Understanding the "Fed Model"
  Geert Bekaert and Eric Engstrom #15024 (AP)
  
• Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act
  Dhammika Dharmapala, C. Fritz Foley, and Kristin J. Forbes #15023 (CF, IFM, ITI, PE)
  
• Designing Climate Mitigation Policy
  Joseph E. Aldy, Alan J. Krupnick, Richard G. Newell, Ian W.H. Parry, and William A. Pizer #15022 (EEE)
  

• Fiscal Policy Can Reduce Unemployment: But There is a Less Costly and More Effective Alternative
  Roger E. A. Farmer #15021 (EFG)
  
• Effects of Japanese Macroeconomic Announcements on the Dollar/Yen Exchange Rate: High-Resolution Picture
  Yuko Hashimoto and Takatoshi Ito #15020 (IFM, ME)
  
• A Dynamic Model of Price Discrimination and Inventory Management at the Fulton Fish Market
  Kathryn Graddy and George Hall #15019 (IO)
  
• Financial Crisis and the Paradox of Under- and Over-Regulation
  Joshua Aizenman #15018 (IFM, ITI)
  
• Environmental Liability and Redevelopment of Old Industrial Land
  Hilary Sigman #15017 (EEE, LE, PE)
  
• Was there Really a Hawthorne Effect at the Hawthorne Plant? An Analysis of the Original Illumination Experiments
  Steven D. Levitt and John A. List #15016 (DAE, IO, LS)
  
• News, Noise, and Fluctuations: An Empirical Exploration
  Olivier J. Blanchard, Jean-Paul L'Huillier, and Guido Lorenzoni #15015 (EFG, ME)
  
• Understanding Inflation-Indexed Bond Markets
  John Y. Campbell, Robert J. Shiller, and Luis M. Viceira #15014 (AP, IFM, ME)
  
• Migration-Regime Liberalization and Social Security: Political-Economy Effect
  Assaf Razin and Edith Sand #15013 (IFM, PE)
  
• The Elasticity of Taxable Income with Respect to Marginal Tax Rates: A Critical Review
  Emmanuel Saez, Joel B. Slemrod, and Seth H. Giertz #15012 (PE)
  
• Joint-Search Theory: New Opportunities and New Frictions
  Bulent Guler, Fatih Guvenen, and Giovanni L. Violante #15011 (EFG, LS)
  
• Optimal Inattention to the Stock Market with Information Costs and Transactions Costs
  Andrew B. Abel, Janice C. Eberly, and Stavros Panageas #15010 (AP, EFG, ME)
  
• Liquidity Shocks and Order Book Dynamics
  Bruno Biais and Pierre-Olivier Weill #15009 (AP)
  
• On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals
  Philippe Bacchetta and Eric van Wincoop #15008 (AP, IFM)
  
• Child Care Subsidies and Childhood Obesity
  Chris M. Herbst and Erdal Tekin #15007 (CH, HE)
  
• Unraveling Results from Comparable Demand and Supply: An Experimental Investigation
  Muriel Niederle, Alvin E. Roth, and M. Utku Unver #15006 (LS)
  
• Differences in the U.S. Trends in the Prevalence of Obesity Based on Body Mass Index and Skinfold Thickness
  Richard V. Burkhauser, John Cawley, and Maximilian D. Schmeiser #15005 (CH, HC, HE)
  
• Crowding Out and Crowding In of Private Donations and Government Grants
  Garth Heutel #15004 (PE)
  
• Incomplete Information, Higher-Order Beliefs and Price Inertia
  George-Marios Angeletos and Jennifer La'O #15003 (EFG, ME)
  
• Causes and Consequences of the Oil Shock of 2007-08
  James D. Hamilton #15002 (EEE, EFG, ME)
  

• The Impact of State-Level Nutrition-Education Program Funding on BMI: Evidence from the Behavioral Risk Factor Surveillance System
  Kerry Anne McGeary #15001 (HE)
  
• The Impact of the AIDS Pandemic on Health Services in Africa: Evidence from Demographic and Health Surveys
  Anne Case and Christina Paxson #15000 (AG, CH, HC)
  
• Subsidies to Industry and the Environment
  David Kelly #14999 (EEE, AP)
  
• Requiescat in Pace? The Consequences of High Priced Funerals in South Africa
  Anne Case and Alicia Menendez #14998 (AG)
  
• Complexity and Financial Panics
  Ricardo J. Caballero and Alp Simsek #14997 (AP, CF, EFG, IFM)
  
• Monetary policy in Europe vs the US: what explains the difference?
  Harald Uhlig #14996 (EFG, ME)
  
• Impact of "Seguro Popular" on Prenatal Visits in Mexico, 2002-2005: Latent Class Model of Count Data with a Discrete Endogenous Variable
  Jeffrey E. Harris and Sandra G. Sosa-Rubi #14995 (HC, HE)
  
• Effects of Weight on Adolescent Educational Attainment
  Robert Kaestner, Michael Grossman, and Benjamin Yarnoff #14994 (HE)
  
• Monetary Policy and the Dollar
  Peter L. Rousseau #14993 (DAE, ME)
  
• International Trade and Labor Income Risk in the United States
  Pravin Krishna and Mine Zeynep Senses #14992 (ITI)
  
• Improving the Numerical Performance of BLP Static and Dynamic Discrete Choice Random Coefficients Demand Estimation
  Jean-Pierre H. Dub?, Jeremy T. Fox, and Che-Lin Su #14991 (IO)
  
• Corporate Debt Maturity and the Real Effects of the 2007 Credit Crisis
  Heitor Almeida, Murillo Campello, Bruno Laranjeira, and Scott Weisbenner #14990 (CF)
  
• Studying the Child Obesity Epidemic With Natural Experiments
  Robert Sandy, Gilbert Liu, John Ottensmann, Rusty Tchernis, Jeffrey Wilson, and O.T. Ford #14989 (HE)
  
• Food Stamp Program and Consumption Choices
  Neeraj Kaushal and Qin Gao #14988 (HC, HE)
  
• Outcomes in a Program that Offers Financial Rewards for Weight Loss
  John Cawley and Joshua A. Price #14987 (HC, HE, LS)
  
• Short Run Constraints and the Increasing Marginal Value of Time in Recreation
  Raymond B. Palmquist, Daniel J. Phaneuf, and V. Kerry Smith #14986 (EEE)
  
• The Relationship Between Neighborhood Quality and Obesity Among Children
  Bisakha Sen, Stephen Mennemeyer, and Lisa C. Gary #14985 (HE)
  
• Where Does the Wage Penalty Bite?
  Christian A. Gregory and Christopher J. Ruhm #14984 (HE)
  
• The Structure and Formation of Business Groups: Evidence from Korean Chaebols
  Heitor Almeida, Sang Yong Park, Marti Subrahmanyam, and Daniel Wolfenzon #14983 (CF)
  
• Noisy Business Cycles
  George-Marios Angeletos and Jennifer La'O #14982 (EFG, ME)
  
• What Are Cities Worth? Land Rents, Local Productivity, and the Capitalization of Amenity Values
  David Albouy #14981 (EEE, PE)
  
• A Search-Theoretic Model of the Retail Market for Illicit Drugs
  Manolis Galenianos, Rosalie Liccardo Pacula, and Nicola Persico #14980 (LE)
  
• Analyzing the Extent and Influence of Occupational Licensing on the Labor Market
  Morris M. Kleiner and Alan B. Krueger #14979 (LS)
  
• Spatial Price Discrimination with Heterogeneous Firms
  Jonathan Vogel #14978 (ITI, IO)
  
• Toxic Exposure in America: Estimating Fetal and Infant Health Outcomes
  Nikhil Agarwal, Chanont Banternghansa, and Linda Bui #14977 (EEE)
  
• The Optimal Taxation of Height: A Case Study of Utilitarian Income Redistribution
  N. Gregory Mankiw and Matthew Weinzierl #14976 (ME)
  
• The distinct effects of Information Technology and Communication Technology on firm organization
  Nicholas Bloom, Luis Garicano, Raffaella Sadun, and John Van Reenen #14975 (IO, LS, PR)
  
• Why do Institutions of Higher Education Reward Research While Selling Education?
  Dahlia K. Remler and Elda Pema #14974 (ED)
  
• Quantity-Quality and the One Child Policy:The Only-Child Disadvantage in School Enrollment in Rural China
  Nancy Qian #14973 (CH)
  
• Legal Protection in Retail Financial Markets
  Bruce I. Carlin and Simon Gervais #14972 (CF)
  

• When are Analyst Recommendation Changes Influential?
  Roger K. Loh and René M. Stulz #14971 (CF)
  
• Welfare Spending and Mortality Rates for the Elderly Before the Social Security Era
  Adrian Stoian and Price V. Fishback #14970 (DAE)
  
• The Paradox of Declining Female Happiness
  Betsey Stevenson and Justin Wolfers #14969 (EFG, LE, LS, PE)
  
• The Two Waves of Service Sector Growth
  Barry Eichengreen and Poonam Gupta #14968 (IFM)
  
• The Impact of the Asian Miracle on the Theory of Economic Growth
  Robert W. Fogel #14967 (IFM)
  
• Is the EITC Equivalent to an NIT? Conditional Cash Transfers and Tax Incidence
  Jesse Rothstein #14966 (LS, PE)
  
• Comparative Advantage, Complexity and Volatility
  Pravin Krishna and Andrei A. Levchenko #14965 (ITI)
  
• Education and the Prevalence of Pain
  Steven J. Atlas and Jonathan S. Skinner #14964 (AG, HC, HE)
  
• Carbon Geography: The Political Economy of Congressional Support for Legislation Intended to Mitigate Greenhouse Gas Production
  Michael I. Cragg and Matthew E. Kahn #14963 (EEE, PE, POL)
  
• What Does Global Expansion of Higher Education Mean for the US?
  Richard B. Freeman #14962 (LS)
  
• Patterns of International Capital Raisings
  Juan Carlos Gozzi, Ross Levine, and Sergio L. Schmukler #14961 (CF, IFM, ITI)
  
• Extensive and Intensive Investment over the Business Cycle
  Boyan Jovanovic and Peter L. Rousseau #14960 (EFG, DAE, PR)
  
• Sex and Science: How Professor Gender Perpetuates the Gender Gap
  Scott E. Carrell, Marianne E. Page, and James E. West #14959 (ED, LS)
  
• Marry for What: Caste and Mate Selection in Modern India
  Abhijit Banerjee, Esther Duflo, Maitreesh Ghatak, and Jeanne Lafortune #14958 (CH)
  
• Evaluating Rubin’s Causal Model for Measuring the Capitalization of Environmental Amenities
  H. Allen Klaiber and V. Kerry Smith #14957 (EEE)
  
• Measuring the Benefits of Product Variety with an Accurate Variety Set
  Bruce A. Blonigen and Anson Soderbery #14956 (ITI)
  
• Fear and Loathing in Las Vegas: Evidence from Blackjack Tables
  Bruce Ian Carlin and David T. Robinson #14955 (CF)
  
• Obfuscation, Learning, and the Evolution of Investor Sophistication
  Bruce Ian Carlin and Gustavo Manso #14954 (CF)
  
• What Governments Maximize and Why: The View from Trade
  Kishore Gawande, Pravin Krishna, and Marcelo Olarreaga #14953 (ITI, POL)
  
• Market Conditions and the Structure of Securities
  Isil Erel, Brandon Julio, Woojin Kim, and Michael Weisbach #14952 (CF)
  
• Do Investments in Universal Early Education Pay Off? Long-term Effects of Introducing Kindergartens into Public Schools
  Elizabeth U. Cascio #14951 (CH, DAE, ED)
  

• Letting Different Views about Business Cycles Compete
  Paul Beaudry and Bernd Lucke #14950 (EFG)
  
• Family Networks and School Enrolment: Evidence from a Randomized Social Experiment
  Manuela Angelucci, Giacomo DeGiorgi, Marcos A. Rangel, and Imran Rasul #14949 (CH, ED)
  
• Be as Careful of the Company You Keep as of the Books You Read: Peer Effects in Education and on the Labor Market
  Giacomo DeGiorgi, Michele Pellizzari, and Silvia Redaelli #14948 (ED)
  
• A Model of Casino Gambling
  Nicholas C. Barberis #14947 (AP)
  
• Half a Century of Public Software Institutions: Open Source as a Solution to Hold-Up Problem
  Michael Schwarz and Yuri Takhteyev #14946 (IO, PE, PR)
  
• Do School Entry Laws Affect Educational Attainment and Labor Market Outcomes?
  Carlos Dobkin and Fernando Ferreira #14945 (ED, LS)
  
• The Limitations of Stock Market Efficiency: Price Informativeness and CEO Turnover
  Gary B. Gorton, Lixin Huang, and Qiang Kang #14944 (AP, CF)
  
• Unstable Banking
  Andrei Shleifer and Robert W. Vishny #14943 (CF, EFG)
  
• The Demarcation of Land and the Role of Coordinating Institutions
  Gary D. Libecap and Dean Lueck #14942 (DAE, EEE, ITI, LS)
  
• Charitable Memberships, Volunteering, and Discounts: Evidence from a Large-Scale Online Field Experiment
  Andreas Lange and Andrew Stocking #14941 (EEE, PE)
  
• Scarcity of Ideas and R&D Options: Use it, Lose it or Bank it
  Nisvan Erkal and Suzanne Scotchmer #14940 (IO, LE)
  
• Pollution, Health, and Avoidance Behavior: Evidence from the Ports of Los Angeles
  Enrico Moretti and Matthew Neidell #14939 (EEE, HE)
  

• Estimating the Border Effect: Some New Evidence
  Gita Gopinath, Pierre-Olivier Gourinchas, Chang-Tai Hsieh, and Nicholas Li #14938 (EFG, IFM, ME)
  
• Electoral Accountability and Corruption: Evidence from the Audits of Local Governments
  Claudio Ferraz and Frederico Finan #14937 (POL)
  
• Pollution and International Trade in Services
  Arik Levinson #14936 (EEE)
  
• Trade Reforms and Market Selection: Evidence from Manufacturing Plants in Colombia
  Marcela Eslava, John C. Haltiwanger, Adriana D. Kugler, and Maurice Kugler #14935 (EFG, IO, ITI, PR)
  
• The Random Coefficients Logit Model Is Identified
  Patrick Bajari, Jeremy Fox, Kyoo il Kim, and Stephen P. Ryan #14934 (IO, TWP)
  
• Altruistic Dynamic Pricing with Customer Regret
  Julio J. Rotemberg #14933 (EFG, ME)
  
• What’s the “Interest” in FDA Drug Advisory Committee Conflicts of Interest?
  Joseph Golec and John Vernon #14932 (HE)
  
• Why Do Foreign Firms Have Less Idiosyncratic Risk than U.S. Firms?
  Söhnke M. Bartram, Gregory Brown, and René M. Stulz #14931 (CF)
• On the Self-interested Use of Equity in International Climate Negotiations
  Andreas Lange, Andreas Löschel, Carsten Vogt, and Andreas Ziegler #14930 (EEE)
  
• Efficient Recapitalization
  Thomas Philippon and Philipp Schnabl #14929 (AP, CF, EFG, LE, ME, PE)
  
• Firms' Exporting Behavior under Quality Constraints
  Juan Carlos Hallak and Jagadeesh Sivadasan #14928 (ITI)
  
• Three Epochs of Oil
  Eyal Dvir and Kenneth S. Rogoff #14927 (IFM, ME)
  

• Does it Matter Who Has the Right to Patent: First-to-invent or First-to-file? Lessons From Canada
  Shih-tse Lo and Dhanoos Sutthiphisal #14926 (DAE)
  
• Fear of Fire Sales and the Credit Freeze
  Douglas W. Diamond and Raghuram G. Rajan #14925 (CF, EFG, IFM, ME)
  
• Adolescent Cognitive and Non-cognitive Correlates of Adult Health
  Robert Kaestner #14924 (CH, HE)
  
• The Price of Political Opposition: Evidence from Venezuela's Maisanta
  Chang-Tai Hsieh, Edward Miguel, Daniel Ortega, and Francisco Rodriguez #14923 (EFG, LS, PE, POL)
  
• Interviewing in Two-Sided Matching Markets
  Robin S. Lee and Michael Schwarz #14922 (LS)
  
• Experts and Their Records
  Alexander Frankel and Michael Schwarz #14921 (LS)
  
• Which Immigrants Are Most Innovative and Entrepreneurial? Distinctions by Entry Visa
  Jennifer Hunt #14920 (LS, PR)
  
• Reply to "Generalizing the Taylor Principle: A Comment"
  Troy Davig and Eric M. Leeper #14919 (EFG)
  
• Ruggedness: The Blessing of Bad Geography in Africa
  Nathan Nunn and Diego Puga #14918 (POL)
  
• The Long Term Consequences of Famine on Survivors: Evidence from a Unique Natural Experiment using China's Great Famine
  Xin Meng and Nancy Qian #14917 (CH)
  
• Thresholds in the Process of International Financial Integration
  M. Ayhan Kose, Eswar S. Prasad, and Ashley D. Taylor #14916 (IFM)
  
• Adverse Selection in Competitive Search Equilibrium
  Veronica Guerrieri, Robert Shimer, and Randall Wright #14915 (EFG, LS)
  
• Finance and Development: A Tale of Two Sectors
  Francisco J. Buera, Joseph Kaboski, and Yongseok Shin #14914 (EFG)
  
• U.S. Stock Market Crash Risk, 1926-2006
  David S. Bates #14913 (AP)
  
• State Dependence and Alternative Explanations for Consumer Inertia
  Jean-Pierre Dube, G?enter J. Hitsch, and Peter E. Rossi #14912 (IO)
  
• Ability-grouping and Academic Inequality: Evidence From Rule-based Student Assignments
  C. Kirabo Jackson #14911 (ED, LS)
  
• Trade and Income -- Exploiting Time Series in Geography
  James Feyrer #14910 (EFG, ITI)
  
• The Long or Short of it: Determinants of Foreign Currency Exposure in External Balance Sheets
  Philip R. Lane and Jay C. Shambaugh #14909 (IFM)
  
• Inequality and the Measurement of Residential Segregation by Income In American Neighborhoods
  Tara Watson #14908 (HE, LS)
  
• Block Recursive Equilibria for Stochastic Models of Search on the Job
  Guido Menzio and Shouyong Shi #14907 (TWP)
  
• Efficient Search on the Job and the Business Cycle
  Guido Menzio and Shouyong Shi #14905 (EFG)
  

• Motivating Politicians: The Impacts of Monetary Incentives on Quality and Performance
  Claudio Ferraz and Frederico Finan #14906 (POL)
  
• How the Subprime Crisis Went Global: Evidence from Bank Credit Default Swap Spreads
  Barry Eichengreen, Ashoka Mody, Milan Nedeljkovic, and Lucio Sarno #14904 (IFM, ITI, ME)
  
• Risk Shifting and Mutual Fund Performance
  Jennifer Huang, Clemens Sialm, and Hanjiang Zhang #14903 (AP, CF)
  
• Anticipated Alternative Instrument-Rate Paths in Policy Simulations
  Stefan Laséen and Lars E.O. Svensson #14902 (EFG, IFM, ME)
  
• Wage Risk and Employment Risk over the Life Cycle
  Hamish Low, Costas Meghir, and Luigi Pistaferri #14901 (EFG)
  
• Beyond Wages: The Effects of Immigration on the Scale and Composition of Output
  Francesca Mazzolari and David Neumark #14900 (LS)
  
• The Importance of History for Economic Development
  Nathan Nunn #14899 (POL)
  
• Fund Managers, Career Concerns, and Asset Price Volatility
  Veronica Guerrieri and Péter Kondor #14898 (AP, EFG, CF)
  
• Disclosure and the Cost of Capital: Evidence from Firms’ Responses to the Enron Shock
  Christian Leuz and Catherine Schrand #14897 (CF)
  
• Better LATE Than Nothing: Some Comments on Deaton (2009) and Heckman and Urzua (2009)
  Guido W. Imbens #14896 (LS)
  
• The Great Inflation in the United States and the United Kingdom: Reconciling Policy Decisions and Data Outcomes
  Riccardo DiCecio and Edward Nelson #14895 (ME)
  
• Euro Membership as a U.K. Monetary Policy Option: Results from a Structural Model
  Riccardo DiCecio and Edward Nelson #14894 (ME)
  
• Gender Interactions within Hierarchies: Evidence from the Political Arena
  Stefano Gagliarducci and M. Daniele Paserman #14893 (LS, POL)
  
• Wall Street's First Corporate Governance Crisis: The Panic of 1826
  Eric Hilt #14892 (CF, DAE, LE)
  
• Regional Trade Integration and Multinational Firm Strategies
  Pol Antràs and C. Fritz Foley #14891 (ITI)
  
• Do Regulations Based on Credit Ratings Affect a Firms Cost of Capital?
  Darren J. Kisgen and Philip E. Strahan #14890 (CF)
  
• CAPM for Estimating the Cost of Equity Capital: Interpreting the Empirical Evidence
  Zhi Da, Re-Jin Guo, and Ravi Jagannathan #14889 (AP)
  
• Global Financial Structure and Climate Change
  John Whalley and Yufei Yuan #14888 (EEE)
  
• Financial Integration and Business Cycle Synchronization
  Sebnem Kalemli-Ozcan, Elias Papaioannou, and José Luis Peydró #14887 (EFG, IFM)
  
• Can You Get What You Pay For? Pay-For-Performance and the Quality of Healthcare Providers
  Kathleen J. Mullen, Richard G. Frank, and Meredith B. Rosenthal #14886 (HC, HE)
  
• Does Affirmative Action Lead to Mismatch? A New Test and Evidence
  Peter Arcidiacono, Esteban M. Aucejo, Hanming Fang, and Kenneth I. Spenner #14885 (ED, LE, LS, PE)
  
• Sixty Years after the Magic Carpet Ride: The Long-Run Effect of the Early Childhood Environment on Social and Economic Outcomes
  Eric D. Gould, Victor Lavy, and M. Daniele Paserman #14884 (CH, ED, LS)
  
• Sophisticated Monetary Policies
  Andrew Atkeson, V. V. Chari, and Patrick Kehoe #14883 (EFG)
  
• Bayesian and Frequentist Inference in Partially Identified Models
  Hyungsik Roger Moon and Frank Schorfheide #14882 (EFG, ME)
  
• Information Asymmetry, Information Precision, and the Cost of Capital
  Richard A. Lambert, Christian Leuz, and Robert E. Verrecchia #14881 (AP, CF)
  
• Carbon Motivated Regional Trade Arrangements: Analytics and Simulations
  Yan Dong and John Whalley #14880 (EEE)
  
• A New Test of Borrowing Constraints for Education
  Meta Brown, John Karl Scholz, and Ananth Seshadri #14879 (CH, ED, PE)
  
• The Alchemy of CDO Credit Ratings
  Efraim Benmelech and Jennifer Dlugosz #14878 (CF)
  
• Does Corporate Governance Matter in Competitive Industries?
  Xavier Giroud and Holger M. Mueller #14877 (CF)
  
• An Elaborated Global Climate Policy Architecture: Specific Formulas and Emission Targets for All Countries in All Decades
  Jeffrey A. Frankel #14876 (EEE)
  
• Strategy-proofness versus Efficiency in Matching with Indifferences: Redesigning the New York City High School Match
  Atila Abdulkadiroglu, Parag A. Pathak, and Alvin E. Roth #14864 (ED, PE)
  

• Listing of Working PapersRisk Matters: The Real Effects of Volatility Shocks
  Jesús Fernández-Villaverde, Pablo A. Guerrón-Quintana, Juan Rubio-Ramírez, and Martín Uribe #14875 (EFG)
  
• The Finnish Great Depression: From Russia with Love
  Yuriy Gorodnichenko, Enrique G. Mendoza, and Linda L. Tesar #14874 (EFG, IFM, ME)
  
• Gender Roles and Medical Progress
  Stefania Albanesi and Claudia Olivetti #14873 (DAE, EFG)
  
• DSGE Model-Based Forecasting of Non-modelled Variables
  Frank Schorfheide, Keith Sill, and Maxym Kryshko #14872 (EFG, ME)
  
• Valuing Toxic Assets: An Analysis of CDO Equity
  Francis A. Longstaff and Brett Myers #14871 (AP)
  
• Sticky Prices Versus Monetary Frictions: An Estimation of Policy Trade-offs
  S. Boragan Aruoba and Frank Schorfheide #14870 (EFG, ME)
  
• Paying for Progress: Conditional Grants and the Desegregation of Southern Schools
  Elizabeth Cascio, Nora Gordon, Ethan Lewis, and Sarah Reber #14869 (CH, DAE, ED, PE)
  
• Business and Financial Method Patents, Innovation, and Policy
  Bronwyn H. Hall #14868 (IO, PR)
  
• Outside and Inside Liquidity
  Patrick Bolton, Tano Santos, and Jose A. Scheinkman #14867 (AP, CF)
  
• Forced Sales and House Prices
  John Y. Campbell, Stefano Giglio, and Parag Pathak #14866 (AP, PE)
  
• Technology Diffusion and Productivity Growth in Health Care
  Jonathan Skinner and Douglas Staiger #14865 (AG, HC, PR)
  
• Credit Market Shocks and Economic Fluctuations: Evidence from Corporate Bond and Stock Markets
  Simon Gilchrist, Vladimir Yankov, and Egon Zakrajsek #14863 (ME)
  
• The Great Inflation Drift
  Marvin Goodfriend and Robert G. King #14862 (AP, EFG, ME)
  
• The Investment Strategies of Sovereign Wealth Funds
  Shai Bernstein, Josh Lerner, and Antoinette Schoar #14861 (CF)
  
• Complementarity and Aggregate Implications of Assortative Matching: A Nonparametric Analysis
  Bryan S. Graham, Guido W. Imbens, and Geert Ridder #14860 (LS)
  
• How does simplified disclosure affect individuals' mutual fund choices?
  John Beshears, James J. Choi, David Laibson, and Brigitte C. Madrian #14859 (AG, AP, PE)
  
• The Riddle of the Great Pyramids
  Randall Morck #14858 (CF)
  
• Government Form and Public Spending: Theory and Evidence from U.S. Municipalities
  Stephen Coate and Brian Knight #14857 (PE, POL)
  
• A Theory of Outsourcing and Wage Decline
  Thomas J. Holmes and Julia Thornton Snider #14856 (PR)
  
• Procurement Contracting with Time Incentives: Theory and Evidence
  Patrick Bajari and Gregory Lewis #14855 (IO)
  
• The Olympic Effect
  Andrew K. Rose and Mark M. Spiegel #14854 (IFM, ITI, PE)
  
• Menstruation and Education in Nepal
  Emily Oster and Rebecca Thornton #14853 (HE, LS)
  
• Charter Schools in New York City: Who Enrolls and How They Affect Their Students' Achievement
  Caroline M. Hoxby and Sonali Murarka #14852 (CH, ED, LS, PE, TWP)
  
• The Governance and Performance of Research Universities: Evidence from Europe and the U.S.
  Philippe Aghion, Mathias Dewatripont, Caroline M. Hoxby, Andreu Mas-Colell, and André Sapir #14851 (ED, LS, PE)
  
• Face Value: Information and Signaling in an Illegal Market
  Trevon Logan and Manisha Shah #14841 (LE)
  

• Why is Mobility in India so Low? Social Insurance, Inequality, and Growth
  Kaivan Munshi and Mark Rosenzweig #14850 (EFG)
  
• Surprising Comparative Properties of Monetary Models: Results from a New Data Base
  John B. Taylor and Volker Wieland #14849 (ME)
  
• Entrepreneurial Finance and Non-diversifiable Risk
  Hui Chen, Jianjun Miao, and Neng Wang #14848 (AP, CF, EFG)
  
• Fluctuations in Overseas Travel by Americans, 1820 to 2000
  Brandon Dupont, Alka Gandhi, and Thomas Weiss #14847 (DAE)
  
• Confidence, Crashes and Animal Spirits
  Roger E.A. Farmer #14846 (EFG, ME)
  
• A Unified Theory of Tobin's q, Corporate Investment, Financing, and Risk Management
  Patrick Bolton, Hui Chen, and Neng Wang #14845 (AP, CF)
  
• Early Admissions at Selective Colleges
  Christopher Avery and Jonathan D. Levin #14844 (ED, IO)
  
• Financial Openness and Productivity
  Geert Bekaert, Campbell R. Harvey, and Christian Lundblad #14843 (AP, IFM)
  
• Estimation of Causal Effects in Experiments with Multiple Sources of Noncompliance
  John Engberg, Dennis Epple, Jason Imbrogno, Holger Sieg, and Ron Zimmer #14842 (CH, ED, PE)
  
• Decentralized Matching with Aligned Preferences
  Muriel Niederle and Leeat Yariv #14840 (IO, LS)
  
• Employer-Sponsored Health Insurance and the Promise of Health Insurance Reform
  Thomas C. Buchmueller and Alan C. Monheit #14839 (HC, HE)
  
• Can A Rational Choice Framework Make Sense of Anorexia Nervosa?
  Robert S. Goldfarb, Thomas C. Leonard, Sara Markowitz, and Steven Suranovic #14838 (CH, HE)
  
• Concording U.S. Harmonized System Categories Over Time
  Justin R. Pierce and Peter K. Schott #14837 (ITI)
  
• Teaching the Tax Code: Earnings Responses to an Experiment with EITC Recipients
  Raj Chetty and Emmanuel Saez #14836 (LS, PE)
  
• The Law of One Price Without the Border: The Role of Distance Versus Sticky Prices
  Mario J. Crucini, Mototsugu Shintani, and Takayuki Tsuruga #14835 (IFM)
  
• A Model of International Cities: Implications for Real Exchange Rates
  Mario J. Crucini and Hakan Yilmazkuday #14834 (IFM)
  
• The Causes and Effects of International Migrations: Evidence from OECD Countries 1980-2005
  Francesc Ortega and Giovanni Peri #14833 (EFG, ITI, LS)
  
• Energy, the Environment, and Technological Change
  David Popp, Richard G. Newell, and Adam B. Jaffe #14832 (EEE, PR)
  
• The Consequences of Radical Reform: The French Revolution
  Daron Acemoglu, Davide Cantoni, Simon Johnson, and James A. Robinson #14831 (POL)
  
• Show Me the Money: Does Shared Capitalism Share the Wealth?
  Robert Buchele, Douglas Kruse, Loren Rodgers, and Adria Scharf #14830 (LS)
  
• Currency Misalignments and Optimal Monetary Policy: A Reexamination
  Charles Engel #14829 (IFM, ME)
  

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