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NBER
2,008
NBER WORKING PAPER SERIES BEHAVIORAL WELFARE ECONOMICS B. Douglas Bernheim Working Paper 14622 http://www.nber.org/papers/w14622 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 December 2008 This paper was prepared for the 2008 EEA-ESEM Meetings in Milan, Italy, where it was delivered...
37,723
NBER
2,008
NBER WORKING PAPER SERIES GLOBAL PRODUCTION AND TRADE IN THE KNOWLEDGE ECONOMY Wolfgang Keller Stephen R. Yeaple Working Paper 14626 http://www.nber.org/papers/w14626 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 December 2008 We thank Gene Grossman, Jim Rauch, Andres Rodriguez-Clar...
22,532
NBER
2,008
NBER WORKING PAPER SERIES DO CHILD TAX BENEFITS AFFECT THE WELLBEING OF CHILDREN? EVIDENCE FROM CANADIAN CHILD BENEFIT EXPANSIONS Kevin Milligan Mark Stabile Working Paper 14624 http://www.nber.org/papers/w14624 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 December 2008 This resear...
18,854
NBER
2,008
NBER WORKING PAPER SERIES AN EMPIRICAL MODEL OF SUBPRIME MORTGAGE DEFAULT FROM 2000 TO 2007 Patrick Bajari Chenghuan Sean Chu Minjung Park Working Paper 14625 http://www.nber.org/papers/w14625 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 December 2008 We thank Narayana Kocherlakota...
38,120
NBER
2,008
NBER WORKING PAPER SERIES PRIVATE EQUITY AND LONG-RUN INVESTMENT: THE CASE OF INNOVATION Josh Lerner Morten Sørensen Per Strömberg Working Paper 14623 http://www.nber.org/papers/w14623 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 December 2008 We thank Geraldine Kim, Jodi Krakower,...
18,708
NBER
2,008
NBER WORKING PAPER SERIES INCOMPLETE-MARKET EQUILIBRIA SOLVED RECURSIVELY ON AN EVENT TREE Bernard Dumas Andrew Lyasoff Working Paper 14629 http://www.nber.org/papers/w14629 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 December 2008 We are grateful to colleagues and students for pr...
28,814
NBER
2,008
NBER WORKING PAPER SERIES A POLITICAL ECONOMY THEORY OF PARTIAL DECENTRALIZATION John William Hatfield Gerard Padró i Miquel Working Paper 14628 http://www.nber.org/papers/w14628 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 December 2008 We are grateful to Tim Besley, Ernesto Dal B...
24,422
NBER
2,009
NBER WORKING PAPER SERIES DO BETTER SCHOOLS LEAD TO MORE GROWTH? COGNITIVE SKILLS, ECONOMIC OUTCOMES, AND CAUSATION Eric A. Hanushek Ludger Woessmann Working Paper 14633 http://www.nber.org/papers/w14633 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We thank Mark Bils, ...
34,469
NBER
2,009
NBER WORKING PAPER SERIES THE EFFECTS OF PHARMACEUTICAL MARKETING AND PROMOTION ON ADVERSE DRUG EVENTS AND REGULATION Guy David Sara Markowitz Seth Richards Working Paper 14634 http://www.nber.org/papers/w14634 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We are gratef...
26,130
NBER
2,009
NBER WORKING PAPER SERIES FISCAL FORESIGHT AND INFORMATION FLOWS Eric M. Leeper Todd B. Walker Shu-Chun Susan Yang Working Paper 14630 http://www.nber.org/papers/w14630 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 Leeper acknowledges support of NSF Grant SES-0452599. M...
30,168
NBER
2,009
NBER WORKING PAPER SERIES RECENT TRENDS IN HEIGHT BY GENDER AND ETHNICITY IN THE US IN RELATION TO LEVELS OF INCOME John Komlos Working Paper 14635 http://www.nber.org/papers/w14635 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 The views expressed herein are those of th...
11,000
NBER
2,009
NBER WORKING PAPER SERIES THE FINANCIAL CRISIS AND THE POLICY RESPONSES: AN EMPIRICAL ANALYSIS OF WHAT WENT WRONG John B. Taylor Working Paper 14631 http://www.nber.org/papers/w14631 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 I am grateful to John Cogan, Angelo Melin...
9,898
NBER
2,009
NBER WORKING PAPER SERIES EXPORTING AND FIRM PERFORMANCE: CHINESE EXPORTERS AND THE ASIAN FINANCIAL CRISIS Albert Park Dean Yang Xinzheng Shi Yuan Jiang Working Paper 14632 http://www.nber.org/papers/w14632 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We thank Liu Fuji...
30,640
NBER
2,009
NBER WORKING PAPER SERIES LIFE (EVALUATION), HIV/AIDS, AND DEATH IN AFRICA Angus Deaton Jane Fortson Robert Tortora Working Paper 14637 http://www.nber.org/papers/w14637 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We are grateful to Anne Case and Danny Kahneman for he...
23,876
NBER
2,008
NBER WORKING PAPER SERIES THE EFFECTS OF CAPACITY ON SALES UNDER ALTERNATIVE VERTICAL CONTRACTS Ioannis Ioannou Julie Holland Mortimer Richard Mortimer Working Paper 14611 http://www.nber.org/papers/w14611 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 December 2008 We thank James Da...
26,430
NBER
2,009
NBER WORKING PAPER SERIES HOW BIG ARE THE GAINS FROM INTERNATIONAL FINANCIAL INTEGRATION? Indrit Hoxha Sebnem Kalemli-Ozcan Dietrich Vollrath Working Paper 14636 http://www.nber.org/papers/w14636 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 The authors would like to th...
16,421
NBER
2,009
NBER WORKING PAPER SERIES GRAVITY, PRODUCTIVITY AND THE PATTERN OF PRODUCTION AND TRADE James E. Anderson Working Paper 14642 http://www.nber.org/papers/w14642 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 I am grateful to Christian Broda for helpful comments on the fir...
19,263
NBER
2,009
NBER WORKING PAPER SERIES THE PERILS OF THE LEARNING MODEL FOR MODELING ENDOGENOUS TECHNOLOGICAL CHANGE William D. Nordhaus Working Paper 14638 http://www.nber.org/papers/w14638 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 This study expands on earlier presentations at...
7,544
NBER
2,009
NBER WORKING PAPER SERIES DID RAILROADS INDUCE OR FOLLOW ECONOMIC GROWTH? URBANIZATION AND POPULATION GROWTH IN THE AMERICAN MIDWEST, 1850-60 Jeremy Atack Fred Bateman Michael Haines Robert A. Margo Working Paper 14640 http://www.nber.org/papers/w14640 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cam...
15,237
NBER
2,008
NBER WORKING PAPER SERIES NEW EVIDENCE ON THE FORMATION OF TRADE POLICY PREFERENCES Bruce Blonigen Working Paper 14627 http://www.nber.org/papers/w14627 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 December 2008 This paper has benefited from the comments of seminar participants at ...
17,508
NBER
2,009
NBER WORKING PAPER SERIES GLOBALIZATION AND INCOME DISTRIBUTION: A SPECIFIC FACTORS CONTINUUM APPROACH James E. Anderson Working Paper 14643 http://www.nber.org/papers/w14643 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 I would like to thank, without implicating, Karim...
20,293
NBER
2,009
NBER WORKING PAPER SERIES AN ELEMENTARY THEORY OF COMPARATIVE ADVANTAGE Arnaud Costinot Working Paper 14645 http://www.nber.org/papers/w14645 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 I thank Pol Antras, Vince Crawford, Gene Grossman, Gordon Hanson, Navin Kartik, Gi...
21,449
NBER
2,009
NBER WORKING PAPER SERIES WAGES AND HUMAN CAPITAL IN THE U.S. FINANCIAL INDUSTRY: 1909-2006 Thomas Philippon Ariell Reshef Working Paper 14644 http://www.nber.org/papers/w14644 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We have benefited from discussions with George ...
32,110
NBER
2,009
NBER WORKING PAPER SERIES REGULATION AND DISTRUST Philippe Aghion Yann Algan Pierre Cahuc Andrei Shleifer Working Paper 14648 http://www.nber.org/papers/w14648 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 The authors thank for their very useful comments Alberto Alesina...
25,620
NBER
2,009
NBER WORKING PAPER SERIES LEARNING IN FINANCIAL MARKETS Lubos Pastor Pietro Veronesi Working Paper 14646 http://www.nber.org/papers/w14646 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 The views expressed herein are those of the author(s) and do not necessarily reflect ...
18,189
NBER
2,009
NBER WORKING PAPER SERIES SOCIAL SECURITY PROGRAMS AND RETIREMENT AROUND THE WORLD: THE RELATIONSHIP TO YOUTH EMPLOYMENT, INTRODUCTION AND SUMMARY Jonathan Gruber Kevin Milligan David A. Wise Working Paper 14647 http://www.nber.org/papers/w14647 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue ...
26,628
NBER
2,009
NBER WORKING PAPER SERIES VERTICAL INTEGRATION, INSTITUTIONAL DETERMINANTS AND IMPACT: EVIDENCE FROM CHINA Joseph P.H. Fan Jun Huang Randall Morck Bernard Yeung Working Paper 14650 http://www.nber.org/papers/w14650 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We are gr...
29,563
NBER
2,009
NBER WORKING PAPER SERIES INFORMATION, LIQUIDITY, AND THE (ONGOING) PANIC OF 2007 Gary B. Gorton Working Paper 14649 http://www.nber.org/papers/w14649 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 Thanks to Tri Vi Dang, Jerome Fons, Joe Haubrich, Chester Spatt and Jacki...
5,803
NBER
2,009
NBER WORKING PAPER SERIES THIS JOB IS 'GETTING OLD: ' MEASURING CHANGES IN JOB OPPORTUNITIES USING OCCUPATIONAL AGE STRUCTURE David Autor David Dorn Working Paper 14652 http://www.nber.org/papers/w14652 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We thank Maarten Goos...
7,608
NBER
2,009
NBER WORKING PAPER SERIES INVENTORIES, MARKUPS, AND REAL RIGIDITIES IN MENU COST MODELS Oleksiy Kryvtsov Virgiliu Midrigan Working Paper 14651 http://www.nber.org/papers/w14651 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We thank George Alessandria, Mike Dotsey, Mark ...
22,576
NBER
2,009
NBER WORKING PAPER SERIES LIFE EXPECTANCY AND OLD AGE SAVINGS Mariacristina De Nardi Eric French John Bailey Jones Working Paper 14653 http://www.nber.org/papers/w14653 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We are grateful to our discussant, Jonathan Skinner, fo...
6,241
NBER
2,009
NBER WORKING PAPER SERIES SATISFICING CONTRACTS Patrick Bolton Antoine Faure-Grimaud Working Paper 14654 http://www.nber.org/papers/w14654 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We owe special thanks to Denis Gromb for detailed comments. We also thank Mathias Dew...
25,607
NBER
2,009
NBER WORKING PAPER SERIES THE AFTERMATH OF FINANCIAL CRISES Carmen M. Reinhart Kenneth S. Rogoff Working Paper 14656 http://www.nber.org/papers/w14656 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 The authors would like to thank Pierre-Olivier Gourinchas and Vincent R. ...
5,340
NBER
2,009
NBER WORKING PAPER SERIES DO BEQUESTS INCREASE OR DECREASE WEALTH INEQUALITIES? Charles Yuji Horioka Working Paper 14639 http://www.nber.org/papers/w14639 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 I am indebted to the Institute for Research on Household Economics fo...
3,902
NBER
2,009
NBER WORKING PAPER SERIES DID IMPROVEMENTS IN HOUSEHOLD TECHNOLOGY CAUSE THE BABY BOOM? EVIDENCE FROM ELECTRIFICATION, APPLIANCE DIFFUSION, AND THE AMISH Martha J. Bailey William J. Collins Working Paper 14641 http://www.nber.org/papers/w14641 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA...
33,753
NBER
2,009
NBER WORKING PAPER SERIES SOME NEW PERSPECTIVES ON INDIA'S APPROACH TO CAPITAL ACCOUNT LIBERALIZATION Eswar S. Prasad Working Paper 14658 http://www.nber.org/papers/w14658 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 I thank the participants at the Brookings-NCAER Indi...
21,841
NBER
2,009
NBER WORKING PAPER SERIES PUBLIC POLICIES AND WOMEN'S EMPLOYMENT AFTER CHILDBEARING Wen-Jui Han Christopher Ruhm Jane Waldfogel Elizabeth Washbrook Working Paper 14660 http://www.nber.org/papers/w14660 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We gratefully acknowle...
31,861
NBER
2,009
NBER WORKING PAPER SERIES THE MARGINS OF U.S. TRADE (LONG VERSION) Andrew B. Bernard J. Bradford Jensen Stephen J. Redding Peter K. Schott Working Paper 14662 http://www.nber.org/papers/w14662 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 This is a longer version Bernar...
13,981
NBER
2,009
NBER WORKING PAPER SERIES POLICY CHOICE: THEORY AND EVIDENCE FROM COMMITMENT VIA INTERNATIONAL TRADE AGREEMENTS Nuno Limão Patricia Tovar Working Paper 14655 http://www.nber.org/papers/w14655 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 Limão gratefully acknowledges th...
38,595
NBER
2,009
NBER WORKING PAPER SERIES STERLING IN CRISIS: 1964-1967 Michael D. Bordo Ronald MacDonald Michael J. Oliver Working Paper 14657 http://www.nber.org/papers/w14657 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 The views expressed herein are those of the author(s) and do n...
15,441
NBER
2,009
NBER WORKING PAPER SERIES PAYDAY LOANS AND CREDIT CARDS: NEW LIQUIDITY AND CREDIT SCORING PUZZLES? Sumit Agarwal Paige M. Skiba Jeremy Tobacman Working Paper 14659 http://www.nber.org/papers/w14659 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We would like to thank Dav...
9,518
NBER
2,009
NBER WORKING PAPER SERIES THE INTEGRATED FINANCIAL AND REAL SYSTEM OF NATIONAL ACCOUNTS FOR THE UNITED STATES: DOES IT PRESAGE THE FINANCIAL CRISIS? Michael G. Palumbo Jonathan A. Parker Working Paper 14663 http://www.nber.org/papers/w14663 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02...
6,242
NBER
2,009
NBER WORKING PAPER SERIES WHO BEARS AGGREGATE FLUCTUATIONS AND HOW? Jonathan A. Parker Annette Vissing-Jorgensen Working Paper 14665 http://www.nber.org/papers/w14665 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We thank Francisco Gomes for helpful comments and Emmanue...
6,152
NBER
2,009
NBER WORKING PAPER SERIES MOMENTUM TRADERS IN THE HOUSING MARKET: SURVEY EVIDENCE AND A SEARCH MODEL Monika Piazzesi Martin Schneider Working Paper 14669 http://www.nber.org/papers/w14669 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We thank Bob Hall and Luigi Guiso fo...
6,625
NBER
2,009
NBER WORKING PAPER SERIES STUDENT SORTING AND BIAS IN VALUE ADDED ESTIMATION: SELECTION ON OBSERVABLES AND UNOBSERVABLES Jesse Rothstein Working Paper 14666 http://www.nber.org/papers/w14666 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 I thank Nathan Wozny and Enkeleda...
23,644
NBER
2,009
NBER WORKING PAPER SERIES R&D INVESTMENT, EXPORTING, AND PRODUCTIVITY DYNAMICS Bee Yan Aw Mark J. Roberts Daniel Yi Xu Working Paper 14670 http://www.nber.org/papers/w14670 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We thank Jan De Loecker, Ulrich Doraszelski, Marc M...
29,183
NBER
2,009
NBER WORKING PAPER SERIES RETIREMENT INCOME SECURITY AND WELL-BEING IN CANADA Michael Baker Jonathan Gruber Kevin S. Milligan Working Paper 14667 http://www.nber.org/papers/w14667 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 This research was supported by the National ...
16,344
NBER
2,009
NBER WORKING PAPER SERIES HOW GLOBALIZATION AFFECTS TAX DESIGN James R. Hines, Jr. Lawrence H. Summers Working Paper 14664 http://www.nber.org/papers/w14664 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We thank Fan Fei and Owen Kearney for outstanding research assistan...
17,754
NBER
2,009
NBER WORKING PAPER SERIES THE IMPACT OF CHILDREN'S PUBLIC HEALTH INSURANCE EXPANSIONS ON EDUCATIONAL OUTCOMES Phillip B. Levine Diane Whitmore Schanzenbach Working Paper 14671 http://www.nber.org/papers/w14671 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We are gratefu...
16,012
NBER
2,009
NBER WORKING PAPER SERIES CHINA'S CURRENT ACCOUNT AND EXCHANGE RATE Yin-Wong Cheung Menzie D. Chinn Eiji Fujii Working Paper 14673 http://www.nber.org/papers/w14673 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 Paper prepared for NBER conference on "China's Growing Role...
23,070
NBER
2,009
NBER WORKING PAPER SERIES MATCHING AND INEQUALITY IN THE WORLD ECONOMY Arnaud Costinot Jonathan Vogel Working Paper 14672 http://www.nber.org/papers/w14672 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We thank Daron Acemoglu, David Autor, Ariel Burstein, Pierre-André C...
30,701
NBER
2,009
NBER WORKING PAPER SERIES UNEMPLOYMENT, MARKET WORK AND HOUSEHOLD PRODUCTION Michael Burda Daniel S. Hamermesh Working Paper 14676 http://www.nber.org/papers/w14676 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We thank Steve Trejo and Philippe Weil for excellent comme...
8,006
NBER
2,009
NBER WORKING PAPER SERIES "MOMMA'S GOT THE PILL": HOW ANTHONY COMSTOCK AND GRISWOLD V. CONNECTICUT SHAPED U.S. CHILDBEARING Martha J. Bailey Working Paper 14675 http://www.nber.org/papers/w14675 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 Research on this project was ...
28,722
NBER
2,009
NBER WORKING PAPER SERIES LAST-IN FIRST-OUT OLIGOPOLY DYNAMICS Jaap H. Abbring Jeffrey R. Campbell Working Paper 14674 http://www.nber.org/papers/w14674 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We are grateful to Eugene Amromin, Gadi Barlevy, Allan Collard-Wexler, ...
29,115
NBER
2,009
NBER WORKING PAPER SERIES TEMPERATURE AND INCOME: RECONCILING NEW CROSS-SECTIONAL AND PANEL ESTIMATES Melissa Dell Benjamin F. Jones Benjamin A. Olken Working Paper 14680 http://www.nber.org/papers/w14680 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 The authors thank P...
7,075
NBER
2,009
NBER WORKING PAPER SERIES PRICE VARIATION IN MARKETS WITH HOMOGENEOUS GOODS: THE CASE OF MEDIGAP Nicole Maestas Mathis Schroeder Dana Goldman Working Paper 14679 http://www.nber.org/papers/w14679 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We thank Moshe Buchinsky, Am...
27,975
NBER
2,009
NBER WORKING PAPER SERIES THE ECONOMETRICS OF DSGE MODELS Jesús Fernández-Villaverde Working Paper 14677 http://www.nber.org/papers/w14677 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 Much of the research reviewed in this paper was undertaken jointly with Juan Rubio-Ra...
36,089
NBER
2,009
NBER WORKING PAPER SERIES IS MONETARY POLICY EFFECTIVE DURING FINANCIAL CRISES? Frederic S. Mishkin Working Paper 14678 http://www.nber.org/papers/w14678 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 The views expressed here are my own and are not necessarily those of C...
5,616
NBER
2,009
NBER WORKING PAPER SERIES DYNAMICS OF THE GENDER GAP FOR YOUNG PROFESSIONALS IN THE CORPORATE AND FINANCIAL SECTORS Marianne Bertrand Claudia Goldin Lawrence F. Katz Working Paper 14681 http://www.nber.org/papers/w14681 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We t...
35,993
NBER
2,009
NBER WORKING PAPER SERIES WELFARE AND GENERATIONAL EQUITY IN SUSTAINABLE UNFUNDED PENSION SYSTEMS Alan J. Auerbach Ronald Lee Working Paper 14682 http://www.nber.org/papers/w14682 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 This research was supported by the U.S. Soci...
23,101
NBER
2,009
NBER WORKING PAPER SERIES TECHNOLOGICAL CHANGE AND THE GROWING INEQUALITY IN MANAGERIAL COMPENSATION Hanno Lustig Chad Syverson Stijn Van Nieuwerburgh Working Paper 14661 http://www.nber.org/papers/w14661 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We are grateful to ...
35,173
NBER
2,009
NBER WORKING PAPER SERIES ADAPTATION AND THE BOUNDARY OF MULTINATIONAL FIRMS Arnaud Costinot Lindsay Oldenski James E. Rauch Working Paper 14668 http://www.nber.org/papers/w14668 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We thank Bob Gibbons, Richard Baldwin, and pa...
15,605
NBER
2,009
NBER WORKING PAPER SERIES ESTIMATING THE EFFECT OF A GASOLINE TAX ON CARBON EMISSIONS Lucas W. Davis Lutz Kilian Working Paper 14685 http://www.nber.org/papers/w14685 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 Comments from Soren Anderson and Ryan Kellogg substantial...
21,008
NBER
2,009
NBER WORKING PAPER SERIES MEDIAN STABLE MATCHING Michael Schwarz M. Bumin Yenmez Working Paper 14689 http://www.nber.org/papers/w14689 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We thank Zoe Abrams, Arpita Ghosh, Fuhito Kojima, Mohammad Mahdian, Michael Ostrovsky for...
15,368
NBER
2,009
NBER WORKING PAPER SERIES RETHINKING THE ROLE OF FISCAL POLICY Martin S. Feldstein Working Paper 14684 http://www.nber.org/papers/w14684 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 The views expressed herein are those of the author(s) and do not necessarily reflect th...
7,212
NBER
2,009
NBER WORKING PAPER SERIES GLOBAL IMBALANCES AND FINANCIAL FRAGILITY Ricardo J. Caballero Arvind Krishnamurthy Working Paper 14688 http://www.nber.org/papers/w14688 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 This article was written for the AEA meetings in San Francis...
5,399
NBER
2,009
NBER WORKING PAPER SERIES INSTRUMENTS OF DEVELOPMENT: RANDOMIZATION IN THE TROPICS, AND THE SEARCH FOR THE ELUSIVE KEYS TO ECONOMIC DEVELOPMENT Angus S. Deaton Working Paper 14690 http://www.nber.org/papers/w14690 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 The Keynes...
24,624
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2,009
NBER WORKING PAPER SERIES MUNICIPAL DEBT AND MARGINAL TAX RATES: IS THERE A TAX PREMIUM IN ASSET PRICES? Francis A. Longstaff Working Paper 14687 http://www.nber.org/papers/w14687 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 UCLA Anderson School and NBER. I am very gra...
16,791
NBER
2,009
NBER WORKING PAPER SERIES HARVESTS AND BUSINESS CYCLES IN NINETEENTH-CENTURY AMERICA Joseph H. Davis Christopher Hanes Paul W. Rhode Working Paper 14686 http://www.nber.org/papers/w14686 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We have benefited from the suggestion...
37,706
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NBER WORKING PAPER SERIES TAKE-UP OF MEDICARE PART D: RESULTS FROM THE HEALTH AND RETIREMENT STUDY Helen Levy David Weir Working Paper 14692 http://www.nber.org/papers/w14692 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 The research reported herein was pursuant to a gr...
18,442
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2,009
NBER WORKING PAPER SERIES INTERNATIONAL FINANCE AND GROWTH IN DEVELOPING COUNTRIES: WHAT HAVE WE LEARNED? Maurice Obstfeld Working Paper 14691 http://www.nber.org/papers/w14691 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 This research was sponsored by the Commission ...
32,536
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2,009
SAVINGS CONSTRAINTS AND MICROENTERPRISE DEVELOPMENT: EVIDENCE FROM A FIELD EXPERIMENT IN KENYA Pascaline Dupas Jonathan Robinson WORKING PAPER 14693 NBER WORKING PAPER SERIES SAVINGS CONSTRAINTS AND MICROENTERPRISE DEVELOPMENT: EVIDENCE FROM A FIELD EXPERIMENT IN KENYA Pascaline Dupas Jonathan Robinson Working Paper 1...
24,343
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NBER WORKING PAPER SERIES REFLECTIONS ON AMERICANS' VIEWS OF THE EURO EX ANTE Martin S. Feldstein Working Paper 14696 http://www.nber.org/papers/w14696 http://www.voxeu.org/index.php?q=node/2867 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 The views expressed herein ar...
7,170
NBER
2,009
NBER WORKING PAPER SERIES THE DEMAND FOR YOUTH: IMPLICATIONS FOR THE HOURS VOLATILITY PUZZLE Nir Jaimovich Seth Pruitt Henry E. Siu Working Paper 14697 http://www.nber.org/papers/w14697 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We thank Manuel Amador, Paul Beaudry, ...
23,622
NBER
2,009
NBER WORKING PAPER SERIES THE ECONOMICS AND PSYCHOLOGY OF INEQUALITY AND HUMAN DEVELOPMENT Flavio Cunha James J. Heckman Working Paper 14695 http://www.nber.org/papers/w14695 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 This paper was presented by Heckman as the Marsha...
31,886
NBER
2,009
NBER WORKING PAPER SERIES COMMODITY PRICE SHOCKS AND THE AUSTRALIAN ECONOMY SINCE FEDERATION Sambit Bhattacharyya Jeffrey G. Williamson Working Paper 14694 http://www.nber.org/papers/w14694 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We gratefully acknowledge comments...
17,584
NBER
2,009
NBER WORKING PAPER SERIES IMMIGRATION AND INEQUALITY David Card Working Paper 14683 http://www.nber.org/papers/w14683 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 Ely Lecture prepared for the January 2009 meetings of the American Economic Association. Some of this fin...
22,096
NBER
2,009
NBER WORKING PAPER SERIES GOVERNMENT TRANSFERS AND POLITICAL SUPPORT Marco Manacorda Edward Miguel Andrea Vigorito Working Paper 14702 http://www.nber.org/papers/w14702 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 We are grateful to Uruguay’s Minister for Social Devel...
26,269
NBER
2,009
NBER WORKING PAPER SERIES DISCLOSURE BY POLITICIANS Simeon Djankov Rafael La Porta Florencio Lopez-de-Silanes Andrei Shleifer Working Paper 14703 http://www.nber.org/papers/w14703 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 The authors are from the World Bank, Dartmo...
34,171
NBER
2,009
NBER WORKING PAPER SERIES INFLATION BETS OR DEFLATION HEDGES? THE CHANGING RISKS OF NOMINAL BONDS John Y. Campbell Adi Sunderam Luis M. Viceira Working Paper 14701 http://www.nber.org/papers/w14701 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 We are grateful to Geert ...
59,683
NBER
2,009
NBER WORKING PAPER SERIES MEASURING THE FINANCIAL SOPHISTICATION OF HOUSEHOLDS Laurent E. Calvet John Y. Campbell Paolo Sodini Working Paper 14699 http://www.nber.org/papers/w14699 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 We thank Statistics Sweden for providing t...
28,437
NBER
2,009
NBER WORKING PAPER SERIES ECONOMIES OF DENSITY VERSUS NATURAL ADVANTAGE: CROP CHOICE ON THE BACK FORTY Thomas J. Holmes Sanghoon Lee Working Paper 14704 http://www.nber.org/papers/w14704 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 Holmes is grateful to NSF Grant 0551...
28,213
NBER
2,009
NBER WORKING PAPER SERIES NEW ESTIMATION OF CHINA'S EXCHANGE RATE REGIME Jeffrey A. Frankel Working Paper 14700 http://www.nber.org/papers/w14700 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 The author would like to thank Danxia Xie for excellent research assistance a...
12,046
NBER
2,009
NBER WORKING PAPER SERIES STEREOTYPE THREAT AND THE STUDENT-ATHLETE Thomas S. Dee Working Paper 14705 http://www.nber.org/papers/w14705 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 I would like to thank the Mellon Tri-College Forum for financial support through its se...
14,743
NBER
2,009
NBER WORKING PAPER SERIES DO TEENAGERS RESPOND TO HIV RISK INFORMATION? EVIDENCE FROM A FIELD EXPERIMENT IN KENYA Pascaline Dupas Working Paper 14707 http://www.nber.org/papers/w14707 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 I am grateful to Esther Duflo, Michael ...
21,196
NBER
2,009
NBER WORKING PAPER SERIES UNDERSTANDING COMMERCIAL REAL ESTATE: JUST HOW DIFFERENT FROM HOUSING IS IT? Joseph Gyourko Working Paper 14708 http://www.nber.org/papers/w14708 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 I thank Fernando Ferreira, Ed Glaeser, Peter Linnem...
22,238
NBER
2,009
NBER WORKING PAPER SERIES THE TERM STRUCTURES OF EQUITY AND INTEREST RATES Martin Lettau Jessica A. Wachter Working Paper 14698 http://www.nber.org/papers/w14698 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2009 We thank John Campbell, Michael Gallmeyer, Nikolai Roussanov, ...
37,855
NBER
2,009
NBER WORKING PAPER SERIES LONG-RUN IMPACTS OF UNIONS ON FIRMS: NEW EVIDENCE FROM FINANCIAL MARKETS, 1961-1999 David Lee Alexandre Mas Working Paper 14709 http://www.nber.org/papers/w14709 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 We thank Jonathan Berk, David Card,...
37,451
NBER
2,009
NBER WORKING PAPER SERIES INTERNATIONAL TRADE AND THE NEGOTIABILITY OF GLOBAL CLIMATE CHANGE AGREEMENTS Yuezhou Cai Raymond Riezman John Whalley Working Paper 14711 http://www.nber.org/papers/w14711 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 The views expressed here...
13,930
NBER
2,009
NBER WORKING PAPER SERIES GENDER DIFFERENCES IN RISK AVERSION AND AMBIGUITY AVERSION Lex Borghans Bart H.H. Golsteyn James J. Heckman Huub Meijers Working Paper 14713 http://www.nber.org/papers/w14713 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 This paper has benefit...
8,127
NBER
2,009
NBER WORKING PAPER SERIES FINANCIAL PATENTING IN EUROPE Bronwyn H. Hall Grid Thoma Salvatore Torrisi Working Paper 14714 http://www.nber.org/papers/w14714 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 We are very grateful to Dietmar Harhoff for providing us with update...
34,313
NBER
2,009
NBER WORKING PAPER SERIES THE CREDIT RATINGS GAME Patrick Bolton Xavier Freixas Joel Shapiro Working Paper 14712 http://www.nber.org/papers/w14712 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 We are grateful to Adam Ashcraft, Heski Bar-Isaac, Marco Becht, Jens Josephs...
27,208
NBER
2,009
NBER WORKING PAPER SERIES UNDERSTANDING MARKOV-SWITCHING RATIONAL EXPECTATIONS MODELS Roger E.A. Farmer Tao Zha Daniel F. Waggoner Working Paper 14710 http://www.nber.org/papers/w14710 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 This paper is a thorough revision of t...
15,702
NBER
2,009
NBER WORKING PAPER SERIES INTRODUCTION TO “CHINA’S GROWING ROLE IN WORLD TRADE” Robert C. Feenstra Shang-Jin Wei Working Paper 14716 http://www.nber.org/papers/w14716 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 This is an introductory chapter to the volume, "China's ...
21,713
NBER
2,009
NBER WORKING PAPER SERIES NEW WAYS TO MAKE PEOPLE SAVE: A SOCIAL MARKETING APPROACH Annamaria Lusardi Punam Anand Keller Adam M. Keller Working Paper 14715 http://www.nber.org/papers/w14715 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 We would like to thank Nava Ashra...
15,413
NBER
2,009
NBER WORKING PAPER SERIES TOWARDS AN EFFICIENT MECHANISM FOR PRESCRIPTION DRUG PROCUREMENT Kyna Fong Michael Schwarz Working Paper 14718 http://www.nber.org/papers/w14718 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 We would like to thank Jeremy Bulow, Robin Lee, Pres...
18,087
NBER
2,009
NBER WORKING PAPER SERIES WHY WE NEED TO MEASURE THE EFFECT OF MERGER POLICY AND HOW TO DO IT Dennis W. Carlton Working Paper 14719 http://www.nber.org/papers/w14719 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 I thank Thomas Barnett, Richard Gilbert, Ken Heyer, Jeffr...
8,650
NBER
2,009
NBER WORKING PAPER SERIES WORK ENVIRONMENT AND “OPT-OUT" RATES AT MOTHERHOOD ACROSS HIGH-EDUCATION CAREER PATHS Jane Leber Herr Catherine Wolfram Working Paper 14717 http://www.nber.org/papers/w14717 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 We would like to thank ...
42,972
NBER
2,009
NBER WORKING PAPER SERIES THE EFFECT OF FAST FOOD RESTAURANTS ON OBESITY AND WEIGHT GAIN Janet Currie Stefano DellaVigna Enrico Moretti Vikram Pathania Working Paper 14721 http://www.nber.org/papers/w14721 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 The authors thank...
24,886
NBER
2,009
NBER WORKING PAPER SERIES THE EURO AND FISCAL POLICY Antonio Fatas Ilian Mihov Working Paper 14722 http://www.nber.org/papers/w14722 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2009 We are indebted to Alberto Alesina and Francesco Giavazzi for very useful comments on earl...
26,533