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NBER
2,002
NBER WORKING PAPER SERIES MARKET LIQUIDITY AS A SENTIMENT INDICATOR Malcolm Baker Jeremy C. Stein Working Paper 8816 http://www.nber.org/papers/w8816 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 We thank Josh Coval, Andrei Shleifer, Tuomo Vuolteenaho and seminar particip...
21,109
NBER
2,002
NBER WORKING PAPER SERIES HEALTH INSURANCE, LABOR SUPPLY, AND JOB MOBILITY: A CRITICAL REVIEW OF THE LITERATURE Jonathan Gruber Brigitte C. Madrian Working Paper 8817 http://www.nber.org/papers/w8817 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 Prepared for the “Research...
39,567
NBER
2,002
NBER WORKING PAPER SERIES LONGEVITY AND LIFE CYCLE SAVINGS David E. Bloom David Canning Bryan Graham Working Paper 8808 http://www.nber.org/papers/w8808 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 The authors would like to thank Angus Deaton, Allen Kelley, Andrew Mason,...
17,094
NBER
2,002
NBER WORKING PAPER SERIES THE HEALTH OF NATIONS: THE CONTRIBUTION OF IMPROVED HEALTH TO LIVING STANDARDS William D. Nordhaus Working Paper 8818 http://www.nber.org/papers/w8818 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 The views expressed herein are those of the autho...
14,797
NBER
2,002
NBER WORKING PAPER SERIES PARTNERSHIP AND HOLD-UP IN EARLY AMERICA Howard Bodenhorn Working Paper 8814 http://www.nber.org/papers/w8814 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 The views expressed herein are those of the author and not necessarily those of the Nation...
13,634
NBER
2,002
NBER WORKING PAPER SERIES IMPLEMENTING THE FRIEDMAN RULE Peter N. Ireland Working Paper 8821 http://www.nber.org/papers/w8821 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 I would like to thank Fernando Alvarez, Henning Bohn, Shihe Fu, Gary Hansen, Narayana Kocherlakota, ...
33,899
NBER
2,002
NBER WORKING PAPER SERIES MEDICAID MANAGED CARE: EFFECTS ON CHILDREN’S MEDICAID COVERAGE AND UTILIZATION Janet Currie John Fahr Working Paper 8812 http://www.nber.org/papers/w8812 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 Currie is grateful for support from the Canadi...
26,324
NBER
2,002
NBER WORKING PAPER SERIES CAN EQUITY AND EFFICIENCY COMPLEMENT EACH OTHER? Rebecca M. Blank Working Paper 8820 http://www.nber.org/papers/w8820 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 This paper was prepared as the Adam Smith Lecture, European Association of Labour ...
12,951
NBER
2,002
NBER WORKING PAPER SERIES ASSET PRICING WITH HETEROGENEOUS CONSUMERS AND LIMITED PARTICIPATION: EMPIRICAL EVIDENCE Alon Brav George M. Constantinides Christopher C. Geczy Working Paper 8822 http://www.nber.org/papers/w8822 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 We ...
25,124
NBER
2,002
NBER WORKING PAPER SERIES RATIONAL ASSET PRICES George M. Constantinides Working Paper 8826 http://www.nber.org/papers/w8826 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 I thank John Campbell, Gene Fama, Chris Geczy, Lars Hansen, John Heaton, Rajnish Mehra, Lubos Pastor,...
20,208
NBER
2,002
NBER WORKING PAPER SERIES TRADE OPENNESS AND INVESTMENT INSTABILITY Assaf Razin Efraim Sadka Tarek Coury Working Paper 8827 http://www.nber.org/papers/w8827 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 The views expressed herein are those of the authors and not necessari...
11,106
NBER
2,002
NBER WORKING PAPER SERIES INNOVATING FIRMS AND AGGREGATE INNOVATION Tor Jakob Klette Samuel Kortum Working Paper 8819 http://www.nber.org/papers/w8819 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 We thank John Dagsvik, Jonathan Eaton, Charles Jones, Boyan Jovanovic, Kall...
22,955
NBER
2,002
NBER WORKING PAPER SERIES IS THE THREAT OF REEMPLOYMENT SERVICES MORE EFFECTIVE THAN THE SERVICES THEMSELVES? EXPERIMENTAL EVIDENCE FROM THE UI SYSTEM Dan A. Black Jeffrey A. Smith Mark C. Berger Brett J. Noel Working Paper 8825 http://www.nber.org/papers/w8825 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Av...
22,118
NBER
2,002
NBER WORKING PAPER SERIES PRODUCTIVITY AND THE EURO-DOLLAR EXCHANGE RATE PUZZLE Ron Alquist Menzie D. Chinn Working Paper 8824 http://www.nber.org/papers/w8824 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 We thank Bernd Schnatz, Giancarlo Corsetti and Fatih Yilmaz for ve...
11,349
NBER
2,002
NBER WORKING PAPER SERIES GLOBAL TRANSMISSION OF INTEREST RATES: MONETARY INDEPENDENCE AND CURRENCY REGIME Jeffrey A. Frankel Sergio L. Schmukler Luis Servén Working Paper 8828 http://www.nber.org/papers/w8828 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 We are grateful ...
21,819
NBER
2,002
NBER WORKING PAPER SERIES ECONOMIC BACKWARDNESS IN POLITICAL PERSPECTIVE Daron Acemoglu James A. Robinson Working Paper 8831 http://www.nber.org/papers/w8831 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 We are grateful to Hans-Joachim Voth and seminar participants at the...
29,784
NBER
2,002
NBER WORKING PAPER SERIES WAS JACKSON POLLOCK THE GREATEST MODERN AMERICAN PAINTER? A QUANTITATIVE INVESTIGATION David W. Galenson Working Paper 8830 http://www.nber.org/papers/w8830 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 The views expressed herein are those of the...
13,969
NBER
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NBER WORKING PAPER SERIES A THEORY OF THE INFORMAL SECTOR Yoshiaki Azuma Herschel I. Grossman Working Paper 8823 http://www.nber.org/papers/w8823 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 The views expressed herein are those of the authors and not necessarily those of...
10,312
NBER
2,002
NBER WORKING PAPER SERIES THE FED AND INTEREST RATES: A HIGH-FREQUENCY IDENTIFICATION John H. Cochrane Monika Piazzesi Working Paper 8839 http://www.nber.org/papers/w8839 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 The views expressed herein are those of the authors and...
5,434
NBER
2,002
NBER WORKING PAPER SERIES THE IMPACT OF ZONING ON HOUSING AFFORDABILITY Edward L. Glaeser Joseph Gyourko Working Paper 8835 http://www.nber.org/papers/w8835 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 This paper was written for the conference on “Policies to Promote Aff...
16,113
NBER
2,002
NBER WORKING PAPER SERIES DIRECT OR INDIRECT TAX INSTRUMENTS FOR REDISTRIBUTION: SHORT-RUN VERSUS LONG-RUN Emmanuel Saez Working Paper 8833 http://www.nber.org/papers/w8833 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 I thank Peter Diamond, Thomas Piketty, and David Spec...
13,675
NBER
2,002
NBER WORKING PAPER SERIES CROSS-COUNTRY INEQUALITY TRENDS Daron Acemoglu Working Paper 8832 http://www.nber.org/papers/w8832 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 I thank Larry Katz and Timothy Smeeding, and seminar participants at Cornell and MIT for comments and...
21,506
NBER
2,002
NBER WORKING PAPER SERIES DO BILATERAL TAX TREATIES PROMOTE FOREIGN DIRECT INVESTMENT? Bruce A. Blonigen Ronald B. Davies Working Paper 8834 http://www.nber.org/papers/w8834 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 Chapter draft prepared for forthcoming Blackwell boo...
16,059
NBER
2,002
NBER WORKING PAPER SERIES HOW MUCH SHOULD WE TRUST DIFFERENCES-IN-DIFFERENCES ESTIMATES? Marianne Bertrand Esther Duflo Sendhil Mullainathan Working Paper 8841 http://www.nber.org/papers/w8841 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 We thank Alberto Abadie, Daron Ac...
22,322
NBER
2,002
NBER WORKING PAPER SERIES DOLLARIZATION: ANALYTICAL ISSUES Roberto Chang Andrés Velasco Working Paper 8838 http://www.nber.org/papers/w8838 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 We are indebted to Eduardo Levy Yeyati, Will Roberds, and Federico Sturzenegger for us...
13,093
NBER
2,002
NBER WORKING PAPER SERIES REMOVING THE VEIL OF IGNORANCE IN ASSESSING THE DISTRIBUTIONAL IMPACTS OF SOCIAL POLICIES Pedro Carneiro Karsten T. Hansen James J. Heckman Working Paper 8840 http://www.nber.org/papers/w8840 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 Carneiro...
9,581
NBER
2,002
NBER WORKING PAPER SERIES TESTING TRADE THEORY IN OHLIN’S TIME Antoni Estevadeordal Alan M. Taylor Working Paper 8842 http://www.nber.org/papers/w8842 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 This paper was prepared for the conference Bertil Ohlin: A Centennial Celeb...
18,897
NBER
2,002
NBER WORKING PAPER SERIES EXPLORING THE RACIAL GAP IN INFANT MORTALITY RATES, 1920-1970 William J. Collins Melissa A. Thomasson Working Paper 8836 http://www.nber.org/papers/w8836 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 Both authors are Faculty Research Fellows at t...
27,466
NBER
2,002
NBER WORKING PAPER SERIES ECONOMIC AND FINANCIAL CRISES IN EMERGING MARKET ECONOMIES: OVERVIEW OF PREVENTION AND MANAGEMENT Martin Feldstein Working Paper 8837 http://www.nber.org/papers/w8837 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 The views expressed herein are th...
18,225
NBER
2,002
NBER WORKING PAPER SERIES THE MEASURE OF MAN AND OLDER AGE MORTALITY: EVIDENCE FROM THE GOULD SAMPLE Dora L. Costa Working Paper 8843 http://www.nber.org/papers/w8843 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 I gratefully acknowledge the support of NIH grants AG12658 ...
18,956
NBER
2,002
NBER WORKING PAPER SERIES IMPERFECT CONTRACT ENFORCEMENT James E. Anderson Leslie Young Working Paper 8847 http://www.nber.org/papers/w8847 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 This paper began while Anderson visited the Chinese University of Hong Kong,whose supp...
26,440
NBER
2,002
NBER WORKING PAPER SERIES GLOBALIZATION AND CAPITAL MARKETS Maurice Obstfeld Alan M. Taylor Working Paper 8846 http://www.nber.org/papers/w8846 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 This paper was prepared for the NBER conference “Globalization in Historical Persp...
42,726
NBER
2,002
NBER WORKING PAPER SERIES ONE REASON COUNTRIES PAY THEIR DEBTS: RENEGOTIATION AND INTERNATIONAL TRADE Andrew K. Rose Working Paper 8853 http://www.nber.org/papers/w8853 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 B.T. Rocca Jr. Professor of International Business, Econo...
19,950
NBER
2,002
NBER WORKING PAPER SERIES THE IMPACT OF LENDING, BORROWING, AND ANTI-SMOKING POLICIES ON CIGARETTE CONSUMPTION BY TEENS Brett Katzman Sara Markowitz Kerry Anne McGeary Working Paper 8844 http://www.nber.org/papers/w8844 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 The au...
109,795
NBER
2,002
NBER WORKING PAPER SERIES RELATED LENDING Rafael La Porta Florencio López-de-Silanes Guillermo Zamarripa Working Paper 8848 http://www.nber.org/papers/w8848 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 The views expressed here are those of the authors and not of the inst...
25,033
NBER
2,002
NBER WORKING PAPER SERIES INDUSTRY DYNAMICS WITH ADJUSTMENT COSTS Robert E. Hall Working Paper 8849 http://www.nber.org/papers/w8849 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 This research was supported by the National Science Foundation under grant SOC SBR-9730341 an...
13,883
NBER
2,002
NBER WORKING PAPER SERIES INTERNATIONAL TAXATION Roger H. Gordon James R. Hines Jr. Working Paper 8854 http://www.nber.org/papers/w8854 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We would very much like to thank Alan Auerbach and Joel Slemrod for comments on an earlier...
44,166
NBER
2,002
NBER WORKING PAPER SERIES RICARDIAN EQUIVALENCE WITH INCOMPLETE HOUSEHOLD RISK SHARING Shinichi Nishiyama Kent Smetters Working Paper 8851 http://www.nber.org/papers/w8851 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 Very helpful comments were received from Doug Hamilton...
13,285
NBER
2,002
NBER WORKING PAPER SERIES TAX INCIDENCE Don Fullerton Gilbert E. Metcalf Working Paper 8829 http://www.nber.org/papers/w8829 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 This paper is prepared for a forthcoming volume of the Handbook of Public Economics edited by Alan Au...
63,240
NBER
2,002
NBER WORKING PAPER SERIES THE COST OF ACCOUNTABILITY Caroline M. Hoxby Working Paper 8855 http://www.nber.org/papers/w8855 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 The views expressed herein are those of the author and not necessarily those of the National Bureau of ...
11,608
NBER
2,002
NBER WORKING PAPER SERIES CONTRACTING IN THE ABSENCE OF SPECIFIC INVESTMENTS AND MORAL HAZARD: UNDERSTANDING CARRIER-DRIVER RELATIONS IN U.S. TRUCKING Francine Lafontaine Scott E. Masten Working Paper 8859 http://www.nber.org/papers/w8859 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 0213...
20,847
NBER
2,002
NBER WORKING PAPER SERIES SUBSIDIZING THE STORK: NEW EVIDENCE ON TAX INCENTIVES AND FERTILITY Kevin Milligan Working Paper 8845 http://www.nber.org/papers/w8845 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 This research was financially supported in part by the Social Sci...
35,184
NBER
2,002
NBER WORKING PAPER SERIES MARKUPS, GAPS, AND THE WELFARE COSTS OF BUSINESS FLUCTUATIONS Jordi Galí Mark Gertler J. David López-Salido Working Paper 8850 http://www.nber.org/papers/w8850 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 We thank Jeff Amato, Andy Levin, Susanto...
19,637
NBER
2,002
NBER WORKING PAPER SERIES PROPERTY RIGHTS AND FINANCE Simon Johnson John McMillan Christopher Woodruff Working Paper 8852 http://www.nber.org/papers/w8852 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2002 The views expressed herein are those of the authors and not necessarily...
27,263
NBER
2,002
NBER WORKING PAPER SERIES TECHNOLOGY, AGGLOMERATION, AND REGIONAL COMPETITION FOR INVESTMENT Bruce A. Blonigen Van Kolpin Working Paper 8862 http://www.nber.org/papers/w8862 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We thank Ron Davies, Edward Glaeser, and Larry Samue...
10,566
NBER
2,002
NBER WORKING PAPER SERIES GALLMAN’S ANNUAL OUTPUT SERIES FOR THE UNITED STATES, 1834-1909 Paul W. Rhode Working Paper 8860 http://www.nber.org/papers/w8860 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 The views expressed herein are those of the author and not necessarily...
23,374
NBER
2,002
NBER WORKING PAPER SERIES THE RED QUEEN AND THE HARD REDS: PRODUCTIVITY GROWTH IN AMERICAN WHEAT, 1800-1940 Alan L. Olmstead Paul W. Rhode Working Paper 8863 http://www.nber.org/papers/w8863 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We have received valuable comments ...
33,385
NBER
2,002
NBER WORKING PAPER SERIES THE RECONSTRUCTION OF THE AMERICAN URBAN LANDSCAPE IN THE TWENTIETH CENTURY Sukkoo Kim Working Paper 8857 http://www.nber.org/papers/w8857 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 I would like to thank Will Strange for his kind and thoughtfu...
20,546
NBER
2,002
NBER WORKING PAPER SERIES EXCHANGE RATE PASS-THROUGH, EXCHANGE RATE VOLATILITY, AND EXCHANGE RATE DISCONNECT Michael B. Devereux Charles Engel Working Paper 8858 http://www.nber.org/papers/w8858 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 This paper was prepared for the...
22,848
NBER
2,002
NBER WORKING PAPER SERIES CAN SUBSIDIARIES OF FOREIGN BANKS CONTRIBUTE TO THE STABILITY OF THE FOREX MARKET IN EMERGING ECONOMIES? A LOOK AT SOME EVIDENCE FROM THE MEXICAN FINANCIAL SYSTEM Alejandro Reynoso Working Paper 8864 http://www.nber.org/papers/w8864 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenu...
12,516
NBER
2,002
NBER WORKING PAPER SERIES COMPETITION IN OR FOR THE FIELD: WHICH IS BETTER? Eduardo Engel Ronald Fischer Alexander Galetovic Working Paper 8869 http://www.nber.org/papers/w8869 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 Financial support from FONDE-CYT (Grant 1980658) ...
9,177
NBER
2,002
NBER WORKING PAPER SERIES WHO PANICS DURING PANICS? EVIDENCE FROM A NINETEENTH CENTURY SAVINGS BANK Cormac Ó Gráda Eugene N. White Working Paper 8856 http://www.nber.org/papers/w8856 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We thank Michael Bordo, Hugh Rockoff, and s...
20,620
NBER
2,002
NBER WORKING PAPER SERIES COLLECTIVE BARGAINING AND STAFF SALARIES IN AMERICAN COLLEGES AND UNIVERSITIES Daniel B. Klaff Ronald G. Ehrenberg Working Paper 8861 http://www.nber.org/papers/w8861 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 Klaff is a sophomore at Cornell’s...
9,027
NBER
2,002
NBER WORKING PAPER SERIES THE COSTS OF PRICE STABILITY - DOWNWARD NOMINAL WAGE RIGIDITY IN EUROPE Steinar Holden Working Paper 8865 http://www.nber.org/papers/w8865 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 Previous versions of the paper have circulated under the titl...
19,748
NBER
2,002
NBER WORKING PAPER SERIES THE CORPORATE PROFIT BASE, TAX SHELTERING ACTIVITY, AND THE CHANGING NATURE OF EMPLOYEE COMPENSATION Mihir A. Desai Working Paper 8866 http://www.nber.org/papers/w8866 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 Comments from participants at th...
33,152
NBER
2,002
NBER WORKING PAPER SERIES DO CIGARETTE TAXES MAKE SMOKERS HAPPIER? Jonathan Gruber Sendhil Mullainathan Working Paper 8872 http://www.nber.org/papers/w8872 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We are grateful to Brian Um for excellent research assistance and to D...
19,131
NBER
2,002
NBER WORKING PAPER SERIES STOCHASTIC DOMINANCE BOUNDS ON DERIVATIVE PRICES IN A MULTIPERIOD ECONOMY WITH PROPORTIONAL TRANSACTION COSTS George M. Constantinides Stylianos Perrakis Working Paper 8867 http://www.nber.org/papers/w8867 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April...
21,882
NBER
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NBER WORKING PAPER SERIES INTERDEPENDENT SECURITY: THE CASE OF IDENTICAL AGENTS Howard Kunreuther Geoffrey Heal Working Paper 8871 http://www.nber.org/papers/w8871 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We acknowledge support for this research from the U.S. Environ...
12,266
NBER
2,002
NBER WORKING PAPER SERIES SCHOOL CHOICE AND SCHOOL PRODUCTIVITY (OR COULD SCHOOL CHOICE BE A TIDE THAT LIFTS ALL BOATS?) Caroline M. Hoxby Working Paper 8873 http://www.nber.org/papers/w8873 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 The views expressed herein are thos...
34,565
NBER
2,002
NBER WORKING PAPER SERIES THE ROLE OF RESIDUAL CLAIMS AND SELF-ENFORCEMENT IN FRANCHISE CONTRACTING Francine Lafontaine Emmanuel Raynaud Working Paper 8868 http://www.nber.org/papers/w8868 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We thank two referees and David Leibs...
15,319
NBER
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NBER WORKING PAPER SERIES ECONOMIC CONSIDERATIONS AND CLASS SIZE Alan B. Krueger Working Paper 8875 http://www.nber.org/papers/w8875 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 The author is grateful to Diane Whitmore, Mark Votruba and Michael Watts for excellent resear...
21,160
NBER
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NBER WORKING PAPER SERIES THE IMPACT OF TRADE ON INTRA-INDUSTRY REALLOCATIONS AND AGGREGATE INDUSTRY PRODUCTIVITY Marc J. Melitz Working Paper 8881 http://www.nber.org/papers/w8881 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 The author thanks, without implicating, Alan ...
28,888
NBER
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NBER WORKING PAPER SERIES A SIMPLE FRAMEWORK FOR INTERNATIONAL MONETARY POLICY ANALYSIS Richard Clarida Jordi Gali Mark Gertler Working Paper 8870 http://www.nber.org/papers/w8870 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 Prepared for Fall 2001 Carnegie-Rochester Conf...
18,017
NBER
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NBER WORKING PAPER SERIES CONFRONTING INFORMATION ASYMMETRIES: EVIDENCE FROM REAL ESTATE MARKETS Mark J. Garmaise Tobias J. Moskowitz Working Paper 8877 http://www.nber.org/papers/w8877 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We thank the Center for Research in Secu...
73,464
NBER
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NBER WORKING PAPER SERIES WHY DID EMPLOYEE HEALTH INSURANCE CONTRIBUTIONS RISE? Jonathan Gruber Robin McKnight Working Paper 8878 http://www.nber.org/papers/w8878 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We are grateful to Cindy Perry, Kokkeong Puah, and Nannette Yan...
14,355
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NBER WORKING PAPER SERIES DOLLARIZATION AND TRADE Michael W. Klein Working Paper 8879 http://www.nber.org/papers/w8879 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 I thank Matt Kahn, Volker Nitsch, Andy Rose, and Jay Shambaugh for comments on an earlier draft. I also tha...
13,722
NBER
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NBER WORKING PAPER SERIES INFORMAL FINANCIAL NETWORKS: THEORY AND EVIDENCE Mark J. Garmaise Tobias J. Moskowitz Working Paper 8874 http://www.nber.org/papers/w8874 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We thank the Center for Research in Security Prices and the Di...
78,854
NBER
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NBER WORKING PAPER SERIES MOVING TO GREENER PASTURES? MULTINATIONALS AND THE POLLUTION HAVEN HYPOTHESIS Gunnar S. Eskeland Ann E. Harrison Working Paper 8888 http://www.nber.org/papers/w8888 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We would like to thank Ricardo Sanh...
18,591
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NBER WORKING PAPER SERIES THE RETURNS TO ENTREPRENEURIAL INVESTMENT: A PRIVATE EQUITY PREMIUM PUZZLE? Tobias J. Moskowitz Annette Vissing-Jørgensen Working Paper 8876 http://www.nber.org/papers/w8876 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We are grateful to several...
34,622
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NBER WORKING PAPER SERIES THE NON-OPTIMALITY OF PROPOSED MONETARY POLICY RULES UNDER TIMELESS-PERSPECTIVE COMMITMENT Christian Jensen Bennett T. McCallum Working Paper 8882 http://www.nber.org/papers/w8882 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 The authors are inde...
4,887
NBER
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NBER WORKING PAPER SERIES MIDDLEMEN VERSUS MARKET MAKERS: A THEORY OF COMPETITIVE EXCHANGE John Rust George Hall Working Paper 8883 http://www.nber.org/papers/w8883 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We received helpful feedback from Ian Domowitz, Bruno Jullien...
30,291
NBER
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NBER WORKING PAPER SERIES TOWARDS AN EXPLANATION OF HOUSEHOLD PORTFOLIO CHOICE HETEROGENEITY: NONFINANCIAL INCOME AND PARTICIPATION COST STRUCTURES Annette Vissing-Jorgensen Working Paper 8884 http://www.nber.org/papers/w8884 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 ...
75,732
NBER
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NBER WORKING PAPER SERIES CREDIT FRICTIONS AND ‘SUDDEN STOPS’ IN SMALL OPEN ECONOMIES: AN EQUILIBRIUM BUSINESS CYCLE FRAMEWORK FOR EMERGING MARKETS CRISES Cristina Arellano Enrique G. Mendoza Working Paper 8880 http://www.nber.org/papers/w8880 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA...
37,480
NBER
2,002
NBER WORKING PAPER SERIES GLOBAL CAPITAL FLOWS AND FINANCING CONSTRAINTS Ann E. Harrison Inessa Love Margaret S. McMillan Working Paper 8887 http://www.nber.org/papers/w8887 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 Inessa Love acknowledges support from Social Science...
24,398
NBER
2,002
NBER WORKING PAPER SERIES COURTS: THE LEX MUNDI PROJECT Simeon Djankov Rafael La Porta Florencio Lopez-de-Silanes Andrei Shleifer Working Paper 8890 http://www.nber.org/papers/w8890 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We are indebted to Carl E. Anduri, and Melin...
81,057
NBER
2,002
NBER WORKING PAPER SERIES STRENGTHENING EMPLOYMENT-BASED PENSIONS IN JAPAN Robert L. Clark Olivia S. Mitchell Working Paper 8891 http://www.nber.org/papers/w8891 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 The authors are grateful for financial support for this research...
19,525
NBER
2,002
NBER WORKING PAPER SERIES POLICY-DRIVEN PRODUCTIVITY IN CHILE AND MEXICO IN THE 1980S AND 1990S Raphael Bergoeing Patrick J. Kehoe Timothy J. Kehoe Raimundo Soto Working Paper 8892 http://www.nber.org/papers/w8892 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We thank the...
5,234
NBER
2,002
NBER WORKING PAPER SERIES THE ROLE OF INFORMATION AND SOCIAL INTERACTIONS IN RETIREMENT PLAN DECISIONS: EVIDENCE FROM A RANDOMIZED EXPERIMENT Esther Duflo Emmanuel Saez Working Paper 8885 http://www.nber.org/papers/w8885 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We th...
26,440
NBER
2,002
NBER WORKING PAPER SERIES COMPARATIVE ADVANTAGE, LEARNING, AND SECTORAL WAGE DETERMINATION Robert Gibbons Lawrence F. Katz Thomas Lemieux Daniel Parent Working Paper 8889 http://www.nber.org/papers/w8889 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We thank Derek Neal fo...
30,394
NBER
2,002
NBER WORKING PAPER SERIES EXPORTS AND MANUFACTURING PRODUCTIVITY IN EAST ASIA: A COMPARATIVE ANALYSIS WITH FIRM-LEVEL DATA Mary Hallward-Driemeier Giuseppe Iarossi Kenneth L. Sokoloff Working Paper 8894 http://www.nber.org/papers/w8894 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 021...
31,399
NBER
2,002
NBER WORKING PAPER SERIES COMOVEMENT Nicholas Barberis Andrei Shleifer Jeffrey Wurgler Working Paper 8895 http://www.nber.org/papers/w8895 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We thank Will Goetzmann, Mike Ryngaert, seminar participants at Columbia University...
44,474
NBER
2,002
NBER WORKING PAPER SERIES TAKE-UP RATES AND TRADE OFFS AFTER THE AGE OF ENTITLEMENT: SOME THOUGHTS AND EMPIRICAL EVIDENCE FOR CHILD CARE SUBSIDIES Ann Dryden Witte Magaly Queralt Working Paper 8886 http://www.nber.org/papers/w8886 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April ...
15,870
NBER
2,002
NBER WORKING PAPER SERIES HMO PENETRATION, OWNERSHIP STATUS, AND THE RISE OF HOSPITAL ADVERTISING Jason R. Barro Michael Chu Working Paper 8899 http://www.nber.org/papers/w8899 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We want to thank Martin Feldstein, Edward Glaeser...
8,352
NBER
2,002
NBER WORKING PAPER SERIES GEOGRAPHY, ECONOMIC POLICY, AND REGIONAL DEVELOPMENT IN CHINA Sylvie Démurger Jeffrey D. Sachs Wing Thye Woo Shuming Bao Gene Chang Andrew Mellinger Working Paper 8897 http://www.nber.org/papers/w8897 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April...
37,531
NBER
2,002
NBER WORKING PAPER SERIES LIMITED ASSET MARKET PARTICIPATION AND THE ELASTICITY OF INTERTEMPORAL SUBSTITUTION Annette Vissing-Jorgensen Working Paper 8896 http://www.nber.org/papers/w8896 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 This paper is a revised version o...
32,400
NBER
2,002
NBER WORKING PAPER SERIES THE POLICY CONTEXT AND INFANT AND TODDLER CARE IN THE WELFARE REFORM ERA Ann Dryden Witte Magaly Queralt Robert Witt Harriet Griesinger Working Paper 8893 http://www.nber.org/papers/w8893 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 This paper i...
20,240
NBER
2,002
NBER WORKING PAPER SERIES THE WELFARE OF CHILDREN DURING THE GREAT DEPRESSION Price V. Fishback Michael R. Haines Shawn Kantor Working Paper 8902 http://www.nber.org/papers/w8902 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 Fishback is Frank and Clara Kramer Professor of...
19,109
NBER
2,002
NBER WORKING PAPER SERIES CAP AND TRADE POLICIES IN THE PRESENCE OF MONOPOLY AND DISTORTIONARY TAXATION Don Fullerton Gilbert E. Metcalf Working Paper 8901 http://www.nber.org/papers/w8901 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 This research was supported by a gran...
17,744
NBER
2,002
NBER WORKING PAPER SERIES TEACHER QUALITY AND THE FUTURE OF AMERICA Peter Temin Working Paper 8898 http://www.nber.org/papers/w8898 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 Presidential address to the Eastern Economic Association, March 16, 2002, Boston, MA. I t...
11,417
NBER
2,002
NBER WORKING PAPER SERIES FINANCIAL OPENING: EVIDENCE AND POLICY OPTIONS Joshua Aizenman Working Paper 8900 http://www.nber.org/papers/w8900 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 Prepared for “Challenges to Globalization,” NBER-CEPR conference, May 24-25, 2002, St...
13,194
NBER
2,002
NBER WORKING PAPER SERIES ON THE TIMELINESS OF TAX REFORM James R. Hines Jr. Working Paper 8909 http://www.nber.org/papers/w8909 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 I thank William Andrews, David Bradford, Mihir Desai, Dhammika Dharmapala, and Kyle Logue for hel...
12,618
NBER
2,002
NBER WORKING PAPER SERIES THE DISTURBING “RISE” OF GLOBAL INCOME INEQUALITY Xavier Sala-i-Martin Working Paper 8904 http://www.nber.org/papers/w8904 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 This paper was partly written when I was visiting Universitat Pompeu Fabra in...
33,786
NBER
2,002
NBER WORKING PAPER SERIES CAN THE NEW DEAL’S THREE R’S BE REHABILITATED? A PROGRAM-BY-PROGRAM, COUNTY-BY-COUNTY ANALYSIS Price V. Fishback Shawn Kantor John Joseph Wallis Working Paper 8903 http://www.nber.org/papers/w8903 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 The...
44,559
NBER
2,002
NBER WORKING PAPER SERIES PHYSICIAN INCOME PREDICTION ERRORS: SOURCES AND IMPLICATIONS FOR BEHAVIOR Sean Nicholson Nicholas S. Souleles Working Paper 8907 http://www.nber.org/papers/w8907 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 The University of Pennsylvania Researc...
23,984
NBER
2,002
NBER WORKING PAPER SERIES EMPLOYMENT RELATIONSHIPS IN THE NEW ECONOMY David Neumark Deborah Reed Working Paper 8910 http://www.nber.org/papers/w8910 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We are grateful to Van Swearingen and Amanda Bailey for outstanding research ...
22,981
NBER
2,002
NBER WORKING PAPER SERIES SOCIAL SECURITY AND ELDERLY LIVING ARRANGEMENTS Gary V. Engelhardt Jonathan Gruber Cynthia D. Perry Working Paper 8911 http://www.nber.org/papers/w8911 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We are grateful to Dan Black, Peter Orszag, and ...
13,604
NBER
2,002
NBER WORKING PAPER SERIES CAPITAL ACCOUNT LIBERALIZATION: ALLOCATIVE EFFICIENCY OR ANIMAL SPIRITS? Anusha Chari Peter Blair Henry Working Paper 8908 http://www.nber.org/papers/w8908 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 Henry gratefully acknowledges the financial ...
10,904
NBER
2,002
NBER WORKING PAPER SERIES THE PROPERTY TAX AS A TAX ON VALUE: DEADWEIGHT LOSS Richard Arnott Petia Petrova Working Paper 8913 http://www.nber.org/papers/w8913 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 The views expressed herein are those of the authors and not necessa...
28,877
NBER
2,002
NBER WORKING PAPER SERIES JUNIOR MUST PAY: PRICING THE IMPLICIT PUT IN PRIVATIZING SOCIAL SECURITY George M. Constantinides John B. Donaldson Rajnish Mehra Working Paper 8906 http://www.nber.org/papers/w8906 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We thank Henning B...
29,923
NBER
2,002
NBER WORKING PAPER SERIES EXPECTATION TRAPS AND MONETARY POLICY Stefania Albanesi V.V. Chari Lawrence J. Christiano Working Paper 8912 http://www.nber.org/papers/w8912 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2002 We thank three anonymous referees and an editor for useful...
25,374