Papers Issued in 1996
- w5852 December 1996 Are Some Mutual Funds Managers Better Than Others? Cross-Sectional Patterns in Behavior and Performance
Judith Chevalier and Glenn Ellison
- w5851 December 1996 Optimal Government Spending and Taxation in Endgenous Growth Models
Giancarlo Corsetti and Nouriel Roubini
- w5850 December 1996 Tax Burden and Migration: A Political Economy Perspective
Assaf Razin and Efraim Sadka
- w5848 December 1996 The Demise of Double Liability as an Optimal Contract for Large-Bank Stockholders
Berry K. Wilson and Edward J. Kane
- w5849 December 1996 Bank Consolidation: A Central Banker's Perspective
Frederic S. Mishkin
- w5847 December 1996 Infrastructure Capital and Economic Growth: How Well You Use It May Be More Important Than How Much You Have
Charles R. Hulten
- w5846 December 1996 Manufactured Inequality
Sherwin Rosen
- w5853 December 1996 Product Standards Coalitions in a Market Without Borders
Alessandra Casella
- w5857 December 1996 Consumption and Portfolio Decisions When Expected Returns are Time Varying
John Y. Campbell and Luis M. Viceira
- w5856 December 1996 The Invisible Hand and the Grabbing Hand
Timothy Frye and Andrei Shleifer
- w5855 December 1996 The Timing of Work Time Over Time
Daniel S. Hamermesh
- w5854 December 1996 Effective Protection Redux
James E. Anderson
- w5860 December 1996 Fundamental Determinants of National Equity Market Returns: A Perspective on Conditional Asset Pricing
Wayne E. Ferson and Campbell R. Harvey
- w5859 December 1996 The Characteristics of Multi-Unit Ownership in Franchising: Evidence from Fast-Food Restaurants in Texas
Arturs Kalnins and Francine Lafontaine
- w5862 December 1996 Goods Prices and Exchange Rates: What Have We Learned?
Pinelopi K. Goldberg and Michael M. Knetter
- w5861 December 1996 An International Comparison of Employment Adjustment to Exchange Rate Fluctuations
Simon Burgess and Michael M. Knetter
- w5867 December 1996 Racism, Xenophobia or Markets? The Political Economy of Immigration Policy Prior to the Thirties
Ashley S. Timmer and Jeffrey G. Williamson
- w5866 December 1996 Disability Insurance Benefits and Labor Supply
Jonathan Gruber
- w5864 December 1996 Trust in Large Organizations
Rafael La Porta, Florencio Lopez-de-Silane, Andrei Shleifer, and Robert W. Vishny
- w5865 December 1996 Appropriate Technology and Growth
Susanto Basu and David N. Weil
- w5863 December 1996 Do Borders Matter for Social Capital? Economic Growth and Civic Culture in U.S. States and Canadian Provinces
John F. Helliwell
- w5868 December 1996 How Big Should Government Be?
Martin Feldstein
- w5858 December 1996 Accounting for Outward Direct Investment from Hong Kong and Singapore: Who Controls What?
Linda Low, Eric D. Ramstetter, and Henry Wai-Chung Yeung
- w5812 November 1996 The Productivity of Nations
Robert E. Hall and Charles I. Jones
- w5811 November 1996 The Chilean Pension Reform: A Pioneering Program
Sebastian Edwards
- w5814 November 1996 Financial and Capital Account Liberalization in the Pacific Basin: Korea and Taiwan during the 1980's
Menzie D. Chinn and William F. Maloney
- w5816 November 1996 The Econometrics of Ultra-High Frequency Data
Robert F. Engle
- w5815 November 1996 The Taxation of Pensions: A Shelter can Become a Trap
John B. Shoven and David A. Wise
- w5813 November 1996 Alternate Insurance Arrangements and the Treatment of Depression: What Are the Facts?
Ernst R. Berndt, Richard G. Frank, and Thomas G. McGuire
- w5820 November 1996 The Changing Structure of Cost and Demand for the U.S. Telecommunications Industry
M. Ishaq Nadiri and Banani Nandi
- w5819 November 1996 The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan
Jun-Koo Kang, Yong-Cheol Kim, and Rene M. Stulz
- w5818 November 1996 The Myth of the Patient Japanese: Corporate Myopia and Financial Distress in Japan and the US
Brian J. Hall and David E. Weinstein
- w5817 November 1996 Private and Public Supply of Liquidity
Bengt Holmstrom and Jean Tirole
- w5822 November 1996 What We Know and Do Not Know About the Natural Rate of Unemployment
Olivier Blanchard and Lawrence F. Katz
- w5823 November 1996 Changes in Wage Inequality, 1970-1990
Jacob Mincer
- w5821 November 1996 Inflation, Real Interest Rates, and the Bond Market: A Study of UK Nominal and Index-Linked Government Bond Prices
David G. Barr and John Y. Campbell
- w5827 November 1996 Trade Reform with a Government Budget Constraint
James E. Anderson
- w5825 November 1996 New Activities, the Welfare Cost of Uncertainty and Investment Policies
Joshua Aizenman
- w5824 November 1996 Liberalization of Capital Flows in Korea: Big-Bang or Gradualism?
Dongchul Cho and Youngsun Koh
- w5831 November 1996 Health Insurance for Poor Women and Children in the U.S.: Lessons from the Past Decade
Jonathan Gruber
- w5830 November 1996 Conditioning Manager Alphas on Economic Information: Another Look at the Persistence of Performance
Jon A. Christopherson, Wayne E. Ferson, and Debra A. Glassman
- h0094 November 1996 The Efficiency Consequences of Institutional Change: Financial Market Regulation and Industrial Productivity Growth in Brazil, 1866-1934
Stephen Haber
- w5829 November 1996 Continuous Training in Germany
Jorn-Steffen Pischke
- t0206 November 1996 Further Investigation of the Uncertain Unit Root in GNP
Yin-Wong Cheung and Menzie D. Chinn
- w5828 November 1996 Institutions and Labor Reallocation
Giuseppe Bertola and Richard Rogerson
- w5826 November 1996 Taxation and Economic Growth
Eric M. Engen and Jonathan Skinner
- w5837 November 1996 You Can't Take It With You? Immigrant Assimilation and the Portability of Human Capital
Rachel M. Friedberg
- w5836 November 1996 Computers and Productivity in France: Some Evidence
Nathalie Greenan and Jacques Mairesse
- w5834 November 1996 Medicaid and Service Use Among Homeless Adults
Sherry Glied, Christina Hoven, Robert Moore, and A. Bowen Garrett
- w5835 November 1996 On the Validity of Season of Birth as an Instrument in Wage Equations: A Comment on Angrist & Krueger's "Does Compulsory School Attendance Affect Scho
John Bound and David A. Jaeger
- w5832 November 1996 Distributional Implications of Introducing a Broad-Based Consumption Tax
William M. Gentry and R. Glenn Hubbard
- w5833 November 1996 Research Productivity in a System of Universities
James D. Adams and Zvi Griliches
- w5839 November 1996 International Implications of German Unification
Hans-Werner Sinn
- w5838 November 1996 Do Balanced Budget Rules Work? U.S. Experience and Possible Lessons for the EMU
Robert P. Inman
- w5840 November 1996 The Adoption of Workers' Compensation in the United States 1900-1930
Price V. Fishback and Shawn Everett Kantor
- w5841 November 1996 Volatility and the Investment Response
Joshua Aizenman and Nancy P. Marion
- w5845 November 1996 Is There a Role for Monetary Aggregates in the Conduct of Monetary Policy?
Arturo Estrella and Frederic S. Mishkin
- h0095 November 1996 The Political Economy of Workers' Compensation Benefit Levels, 1910-1930
Price V. Fishback and Shawn Everett Kantor
- w5844 November 1996 Neoclassical vs. Endogenous Growth Analysis: An Overview
Bennett T. McCallum
- w5843 November 1996 The Effects of Short-Term Variation in Abortion Funding on Pregnancy Outcomes
Philip J. Cook, Allan M. Parnell, Michael J. Moore, and Deanna Pagnini
- w5842 November 1996 When Are Fixed Exchange Rates Really Fixed?
Andres Velasco
- h0067 November 1996 A Comparison of the Stability and Efficiency of the Canadian and American Banking Systems 1870-1925
Michael D. Bordo and Angela Redish
- h0046 November 1996 Land, Labor and the Wage-Rental Ratio: Factor Price Convergence in the Late Nineteenth Century
Kevin O'Rourke, Alan M. Taylor, and Jeffrey G. Williamsmn
- r2091 November 1996 A Price Target for U.S. Monetary Policy? Lessons from the Experience with Money Growth Targets
Benjamin M. Friedman and Kenneth N. Kuttner
- r2092 November 1996 The Private and Social Returns to Research and Development
Bronwyn H. Hall
- r2093 November 1996 Treatment of Financial Services under Income and Consumption Taxes
David F. Bradford
- w5785 October 1996 Linear Probability Models of the Demand for Attributes with an Empirical Application to Estimating the Preferences of Legislators
James J. Heckman and James M. Snyder, Jr.
- w5784 October 1996 Do Nontraded Goods Explain the Home Bias Puzzle?
Paolo Pesenti and Eric van Wincoop
- w5782 October 1996 A Critical Assessment of the Role of Imperfect Competition in Macroeconomics
Dennis W. Carlton
- w5783 October 1996 DM-Dollar Volatility: Intraday Activity Patterns, Macroeconomic Announcements, and Longer Run Dependencies
Torben G. Andersen and Tim Bollerslev
- w5781 October 1996 Child Support and Fathers' Remarriage and Fertility
David E. Bloom, Cecilia Conrad, and Cynthia Miller
- t0205 October 1996 The NBER Manufacturing Productivity Database
Eric J. Bartelsman and Wayne Gray
- w5788 October 1996 Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis
Christopher D. Carroll
- w5787 October 1996 Testing for the Fundamental Determinants of the Long-Run Real Exchange Rate: The Case of Taiwan
Hsiu-Ling Wu
- w5786 October 1996 Measuring Short-Run Inflation for Central Bankers
Stephen G. Cecchetti
- w5791 October 1996 Current Account Sustainability: Selected East Asian and Latin American Experiences
Gian Maria Milesi-Ferrett and Assaf Razin
- w5789 October 1996 Speculative Attacks: Fundamentals and Self-Fulfilling Prophecies
Robert P. Flood and Nancy P. Marion
- w5793 October 1996 Inflation and the Distribution of Price Changes
Michael F. Bryan and Stephen G. Cecchetti
- w5792 October 1996 Understanding Equilibrium Models with a Small and a Large Number of Agents
Wouter J. Den Haan
- w5796 October 1996 Paying for Health Insurance: The Tradeoff between Competition and Adverse Selection
David M. Cutler and Sarah Reber
- w5795 October 1996 Star Scientists, Institutions, and the Entry of Japanese Biotechnology Enterprises
Michael R. Darby and Lynne G. Zucker
- w5794 October 1996 A Tale of Two Crises: Chile and Mexico
Sebastian Edwards
- w5790 October 1996 Index Number and Factor Demand Approaches to the Estimation of Productivity
David H. Good, M. Ishaq Nadiri, and Robin C. Sickles
- w5801 October 1996 International R&D Spillovers, Trade and Productivity in Major OECD Countries
M. Ishaq Nadiri and Seongjun Kim
- w5800 October 1996 Are Knowledge Spillovers International or Intranational in Scope? Microeconometric Evidence from the Japan and the United States
Lee Branstetter
- w5798 October 1996 Convergence and International Factor Flows in Theory and History
Alan M. Taylor
- w5799 October 1996 Australia's Retirement Income System: Implications for Saving and Capital Markets
Malcolm Edey and John Simon
- w5797 October 1996 Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets
Lars E. O. Svensson
- w5803 October 1996 Effort, Wages and the International Division of Labor
Edward E. Leamer
- w5802 October 1996 What Happens Within Firms? A Survey of Empirical Evidence on Compensation Policies
Canice Prendergast
- w5809 October 1996 Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?
V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
- w5810 October 1996 Balance Sheets, Multinational Financial Policy, and the Cost of Capital at Home and Abroad
Rosanne Altshuler and Harry Grubert
- w5808 October 1996 Firm Heterogeneity, Jobs, and International Trade: Evidence from Chile
James Levinsohn
- w5804 October 1996 Sticky Price and Limited Participation Models of Money: A Comparison
Lawrence J. Christiano, Martin Eichenbaum, and Charles L. Evans
- w5806 October 1996 Sources of Convergence in the Late Nineteenth Century
Alan M. Taylor
- w5805 October 1996 Does Head Start Help Hispanic Children?
Janet Currie and Duncan Thomas
- w5807 October 1996 The Effect of Teen Childbearing and Single Parenthood on Childhood Disabilities and Progress in School
Joshua D. Angrist and Victor Lavy
- w5743 September 1996 International Capital Mobility in History: The Saving-Investment Relationship
Alan M. Taylor
- w5742 September 1996 International Capital Mobility in History: Purchasing-Power Parity in the Long Run
Alan M. Taylor
- w5741 September 1996 How to Count Patents and Value Intellectual Property: Uses of Patent Renewal and Application Data
Jean O. Lanjouw, Ariel Pakes, and Jonathan Putnam
- w5740 September 1996 Price, Tobacco Control Policies and Youth Smoking
Frank J. Chaloupka and Michael Grossman
- w5739 September 1996 Macroeconomic Policy in the Presence of Structural Maladjustment
Robert J. Gordon
- w5748 September 1996 The Equilibrium Approach to Exchange Rates: Theory and Tests
Prakash Apte, Piet Sercu, and Raman Uppal
- w5737 September 1996 Crime, Urban Flight, and the Consequences for Cities
Julie Berry Cullen and Steven D. Levitt
- w5738 September 1996 Cash Welfare as a Consumption Smoothing Mechanism for Single Mothers
Jonathan Gruber
- w5753 September 1996 The Government as Venture Capitalist: The Long-Run Effects of the SBIR Program
Josh Lerner
- w5752 September 1996 Heterogeneous Information Arrivals and Return Volatility Dynamics: Uncovering the Long-Run in High Frequency Returns
Torben G. Andersen and Tim Bollerslev
- w5745 September 1996 Auction Design and the Market for Sulfur Dioxide Emissions
Paul L. Joskow, Richard Schmalensee, and Elizabeth M. Bailey
- w5746 September 1996 Environmental Change and Hedonic Cost Functions for Automobiles
Steven Berry, Samuel Kortum, and Ariel Pakes
- w5744 September 1996 The Proper Scope of Government: Theory and an Application to Prisons
Oliver Hart, Andrei Shleifer, and Robert W. Vishny
- w5747 September 1996 Issues in Korean Exchange Rate Policy
Stanley W. Black
- w5754 September 1996 Fixing Capital Gains: Symmetry, Consistency and Correctness in the Taxation of Financial Instruments
David F. Bradford
- w5749 September 1996 Exchange Rate Pass-through and Industry Characteristics: The Case of Taiwan's Exports of Midstream Petrochemical Products
Kuo-Liang Wang and Chung-Shu Wu
- w5750 September 1996 Are Medical Prices Declining?
David M. Cutler, Mark McClellan, Joseph P. Newhouse, and Dahlia Remler
- w5751 September 1996 The Determinants of Technological Change in Heart Attack Treatment
David M. Cutler and Mark McClellan
- h0092 September 1996 Explaining the Rise in Antebellum Pauperism: New Evidence
Lynne L. Kiesling and Robert A. Margo
- w5758 September 1996 Financial Dependence and Growth
Raghuram G. Rajan and Luigi Zingales
- w5757 September 1996 The Macroeconomics of Specificity
Ricardo J. Caballero and Mohamad L. Hammour
- w5756 September 1996 The Determinants of the Choice between Fixed and Flexible Exchange-Rate Regimes
Sebastian Edwards
- w5755 September 1996 "Basket" Cases: International Joint Ventures After the Tax Reform Act of 1986
Mihir A. Desai and James R. Hines, Jr.
- w5767 September 1996 Aggregate Employment Fluctuations with Microeconomic Asymmetries
Jeffrey R. Campbell and Jonas D.M. Fisher
- w5765 September 1996 Non-Monetary Exchange Within Firms and Industry
Canice Prendergast and Lars A. Stole
- w5766 September 1996 A Model of Foreign Exchange Rate Indetermination
Charles Engel
- w5764 September 1996 What Does the Bundesbank Target?
Ben S. Bernanke and Ilian Mihov
- w5763 September 1996 The Wages and Language Skills of U.S. Immigrants
Geoffrey Carliner
- w5759 September 1996 The Effects of Tax-Based Saving Incentives On Saving and Wealth
Eric M. Engen, William G. Gale, and John Karl Scholz
- w5761 September 1996 The Transition Path in Privatizing Social Security
Martin Feldstein and Andrew Samwick
- w5760 September 1996 Mortality Contingent Claims, Health Care, and Social Insurance
Tomas Philipson and Gary S. Becker
- w5762 September 1996 Individual Financial Decisions in Retirement Saving Plans and The Provision of Resources for Retirement
James M. Poterba and David A. Wise
- w5768 September 1996 Trade and Environment Beyond Singapore
John Whalley
- t0203 September 1996 Statistical Mechanics Approaches to Socioeconomic Behavior
Steven N. Durlauf
- w5773 September 1996 Diffusion of General Purpose Technologies
Elhanan Helpman and Manuel Trajtenberg
- w5772 September 1996 Debt, Cash Flow and Inflation Incentives: A Swedish Example
Mats Persson, Torsten Persson, and Lars E. O. Svensson
- w5771 September 1996 The Exchange Value of the Renminbi and China's Balance of Trade: An Emp irical Study
Zhaoyong Zhang
- w5770 September 1996 Estimating the Welfare Effects of Digital Infrastructure
Shane M. Greenstein and Pablo T. Spiller
- w5769 September 1996 Do Markets Respond More to More Reliable Labor Market Data? A Test of Market Rationality
Alan B. Krueger
- w5775 September 1996 On the Driving Forces Behind Cyclical Movement, in Employment and Job Reallocation
Steven J. Davis and John Haltiwanger
- w5774 September 1996 The Decline of Welfare Benefits in the U.S.: The Role of Wage Inequality
Robert Moffitt, David Ribar, and Mark Wilhelm
- h0093 September 1996 Immigrants and Natives: Comparative Economic Performance in the U.S., 1850-60 and 1965-80
Joseph P. Ferrie
- t0204 September 1996 Hierarchical Bayes Models with Many Instrumental Variables
Gary Chamberlain and Guido W. Imbens
- w5779 September 1996 Executive Compensation and the Optimality of Managerial Entrenchment
Gary Gorton and Bruce D. Grundy
- w5777 September 1996 The Long-Run U.S./U.K. Real Exchange Rate
Charles Engel and Chang-Jin Kim
- w5778 September 1996 Children and Their Parents' Labor Supply: Evidence from Exogenous Variation in Family Size
Joshua D. Angrist and William N. Evans
- w5776 September 1996 Simulating the Privatization of Social Security in General Equilibrium
Laurence J. Kotlikoff
- w5780 September 1996 Pension System Reform: The Mexican Case
Carlos Sales-Sarrapy, Fernando Solis-Soberon, and Alejandro Villagomez-Amez
- t0200 August 1996 Nonparametric Applications of Bayesian Inference
Gary Chamberlain and Guido W. Imbens
- w5702 August 1996 Social Policy Dimensions of Economic Integration: Environmental and Labour Standards
Kym Anderson
- w5701 August 1996 Do Financial Incentives Encourage Welfare Recipients to Work? Evidence from a Randomized Evaluation of the Self-Sufficiency Project
David Card and Philip K. Robins
- w5700 August 1996 The Endogeneity of the Optimum Currency Area Criteria
Jeffrey A. Frankel and Andrew K. Rose
- w5699 August 1996 From Obscurity to Notoriety: A Biography of the Exchange Stabilization Fund
Anna J. Schwartz
- w5698 August 1996 Determinants of Economic Growth: A Cross-Country Empirical Study
Robert J. Barro
- w5697 August 1996 Why Are There Rich and Poor Countries? Symmetry-Breaking in the World Economy
Kiminori Matsuyama
- h0091 August 1996 "Location, Location, Location!" The Market for Vacant Urban Land: New York 1835-1900
Jeremy Atack and Robert A. Margo
- w5693 August 1996 Trade Liberalization and Income Distribution
Donald R. Davis
- w5694 August 1996 International Conflict, Defense Spending and the Size of Countries
Alberto Alesina and Enrico Spolaore
- w5695 August 1996 Quota Licenses for Imported Capital Equipment: Could Bureaucrats Ever DoBetter than the Market?
Barbara J. Spencer
- w5696 August 1996 A Unified Treatment of Horizontal Direct Investment, Vertical Direct Investment, and the Pattern of Trade in Goods and Services
James R. Markusen, Anthony J. Venables, Denise Eby Konan, and Kevin H. Zhang
- w5703 August 1996 Chaos, Sunspots, and Automatic Stabilizers
Lawrence J. Christiano and Sharon G. Harrison
- t0201 August 1996 Asymptotically Median Unbiased Estimation of Coefficient Variance in a Time Varying Parameter Model
James H. Stock and Mark W. Watson
- w5706 August 1996 Does Economic Geography Matter for International Specialization?
Donald R. Davis and David E. Weinstein
- w5705 August 1996 Incentives and Careers in Organizations
Robert Gibbons
- w5704 August 1996 Inequality, Predation and Welfare
Herschel I. Grossman and Minseong Kim
- w5712 August 1996 Flows of Knowledge from Universities and Federal Labs: Modeling the Flowof Patent Citations Over Time and Across Institutional and Geographic Boundari
Adam B. Jaffe and Manuel Trajtenberg
- w5711 August 1996 Risk-Shifting by Federally Insured Commercial Banks
Armen Hovakimian and Edward J. Kane
- w5710 August 1996 Why Clashes Between Internal and External Stability Goals End in Currency Crises, 1797-1994
Michael D. Bordo and Anna J. Schwartz
- w5709 August 1996 Real Exchange Rate Levels, Productivity and Demand Shocks: Evidence from a Panel of 14 Countries
Menzie Chinn and Louis Johnston
- w5708 August 1996 School Resources and Student Outcomes: An Overview of the Literature and New Evidence from North and South Carolina
David Card and Alan Krueger
- w5707 August 1996 Construction of the Earnings and Benefits File (EBF) for Use With the Health and Retirement Survey
Olivia Mitchell, Jan Olson, and Thomas Steinmeier
- w5713 August 1996 The Demand for Cocaine by Young Adults: A Rational Addiction Approach
Michael Grossman, Frank J. Chaloupka, and Charles C. Brown
- w5714 August 1996 Country Fund Discounts, Asymmetric Information and the Mexican Crisis of 1994: Did Local Residents Turn Pessimistic Before International Investors?
Jeffrey A. Frankel and Sergio L. Schmukler
- w5720 August 1996 The Yen and Its East Asian Neighbors, 1980-1995: Cooperation or Competition?
Shinji Takagi
- w5721 August 1996 Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations
Jordi Gali
- w5719 August 1996 Price Level Targeting vs. Inflation Targeting: A Free Lunch?
Lars E. O. Svensson
- w5718 August 1996 Wage Inequality and Segregation by Skill
Michael Kremer and Eric Maskin
- w5717 August 1996 The Strategic Response by Pharmaceutical Firms to the Medicaid Most-Favored-Customer Rules
Fiona Scott Morton
- w5716 August 1996 The Response of Wages and Actual Hours Worked to the Reductions of Standard Hours
Jennifer Hunt
- w5724 August 1996 Has Work-Sharing Worked in Germany?
Jennifer Hunt
- w5723 August 1996 Hong Kong's Currency Board and Changing Monetary Regimes
Yum K. Kwan and Francis T. Lui
- t0202 August 1996 Imposing Moment Restrictions from Auxiliary Data by Weighting
Guido W. Imbens and Judith K. Hellerstein
- w5715 August 1996 Is "Learning-by-Exporting" Important? Micro-Dynamic Evidence from Colombia, Mexico and Morocco
Sofronis Clerides, Saul Lach, and James Tybout
- w5728 August 1996 Price versus Quantity: Market Clearing Mechanisms When Sellers Differ in Quality
Andrew Metrick and Richard Zeckhauser
- w5727 August 1996 When Liberal Policies Reflect External Shocks, What Do We Learn?
Leonardo Bartolini and Allan Drazen
- w5726 August 1996 Market Segmentation and the Sources of Rents from Innovation: Personal Computers in the Late 1980's
Timothy F. Bresnahan, Scott Stern, and Manuel Trajtenberg
- w5722 August 1996 Technology, Factor Supplies and International Specialization: Estimating the Neoclassical Model
James Harrigan
- w5731 August 1996 Private Consumption, Nontraded Goods and Real Exchange Rate: A Cointegration_Euler Equation Approach
Kenneth S. Lin
- w5730 August 1996 Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects
Alberto Alesina and Roberto Perotti
- w5729 August 1996 Unraveling in Assignment Markets
Hao Li and Shewin Rosen
- w5725 August 1996 Capital Account Liberalization as a Signal
Leonardo Bartolini and Allan Drazen
- w5736 August 1996 Are 401(k) Plans Replacing Other Employer-Provided Pensions? Evidence from Panel Data
Leslie E. Papke
- w5734 August 1996 Administrative Costs in Public and Private Retirement Systems
Olivia S. Mitchell
- w5735 August 1996 The Time-Varying NAIRU and its Implications for Economic Policy
Robert J. Gordon
- w5733 August 1996 Women Helping Women? Role-Model and Mentoring Effects on Female Ph.D. Student in Economics
David Neumark and Rosella Gardecki
- w5732 August 1996 Trade and Growth in East Asian Countries: Cause and Effect?
Jeffrey A. Frankel, David Romer, and Teresa Cyrus
- h0089 July 1996 Compulsory Schooling Legislation and School Attendance in Turn-of-the-Century America: A "Natural Experiment" Approach
Robert A. Margo and T. Aldrich Finegan
- w5644 July 1996 Work, Welfare, and Family Structure: What Have We Learned?
Hilary Williamson Hoynes
- w5646 July 1996 Long-Run PPP May Not Hold After All
Charles Engel
- w5649 July 1996 The Litigious Plaintiff Hypothesis: Case Selection and Resolution
Theodore Eisenberg and Henry S. Farber
- w5650 July 1996 The Aftermath of Appreciations
Ilan Goldfajn and Rodrigo O. Valdes
- w5648 July 1996 Executive Compensation, Strategic Competition, and Relative Performance Evaluation: Theory and Evidence
Rajesh Aggarwal and Andrew A. Samwick
- w5647 July 1996 The Effects of Child-Bearing on Married Women's Labor Supply and Earnings: Using Twin Births as a Natural Experiment
Jaisri Gangadharan, Joshua Rosenbloom, Joyce Jacobson, and James Wishart Pearre III
- w5645 July 1996 Cognitive Ability, Wages, and Meritocracy
John Cawley, Karen Conneely, James Heckman, and Edward Vytlacil
- w5652 July 1996 The Effects of Tax-Law Changes on Property-Casualty Insurance Prices
David F. Bradford and Kyle Logue
- w5651 July 1996 Stepping Stone Mobility
Boyan Jovanovic and Yaw Nyarko
- w5658 July 1996 Inequality and Growth
Roland Benabou
- w5657 July 1996 The Origins of Technology-Skill Complementarity
Claudia Goldin and Lawrence F. Katz
- w5656 July 1996 Technology and Jobs: Secular Changes and Cyclical Dynamics
Timothy Dunne, John Haltiwanger, and Kenneth R. Troske
- w5655 July 1996 The Effects of Financial Education in the Workplace: Evidence from a Survey of Employers
Patrick J. Bayer, B. Douglas Bernheim, and John Karl Scholz
- w5662 July 1996 United States Steel's Acquisition of the Great Northern Ore Properties: Vertical Foreclosure or Efficient Contractual Governance?
Joseph C. Mullin and Wallace P. Mullin
- w5653 July 1996 Personal Bankruptcy and Credit Supply and Demand
Reint Gropp, John Karl Scholz, and Michelle White
- w5654 July 1996 Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations
David C. Parsley and Shang-Jin Wei
- w5660 July 1996 Loan Commitments and Optimal Monetary Policy
Michael Woodford
- w5659 July 1996 Growth Cycles
George Evans, Seppo Honkapohja, and Paul Romer
- w5661 July 1996 Law and Finance
Rafael La Porta, Florencio Lopez-de-Silane, Andrei Shleifer, and Robert W. Vishny
- w5667 July 1996 The Determinants and Consequences of Financial Education in the Workplace: Evidence from a Survey of Households
B. Douglas Bernheim and Daniel M. Garrett
- w5664 July 1996 The Gender Pay Gap
Francine D. Blau
- w5665 July 1996 Changes in U.S. Tariffs: Prices or Policies?
Douglas A. Irwin
- w5666 July 1996 Exclusive Dealing
B. Douglas Bernheim and Michael D. Whinston
- w5663 July 1996 Entry and Predation: British Shipping Cartels 1879-1929
Fiona Scott Morton
- w5671 July 1996 Earnings and Expected Returns
Owen Lamont
- w5672 July 1996 Performance Pay and Productivity
Edward P. Lazear
- w5669 July 1996 An Empirical Examination of Information Barriers to Trade in Insurance
John Cawley and Tomas Philipson
- w5668 July 1996 International R&D Spillovers: A Re-Examination
Frank Lichtenberg and Bruno van Pottelsberghe de la Potterie
- w5673 July 1996 The Effects of the Corporate Average Fuel Efficiency Standards
Pinelopi Koujianou Goldbe
- w5674 July 1996 Elephants
Michael Kremer and Charles Morcom
- w5675 July 1996 Forecasting Exchange Rates and Relative Prices with the Hamburger Standard: Is What You Want What You Get With McParity?
Robert E. Cumby
- w5676 July 1996 Relative Labor Productivity and the Real Exchange Rate in the Long Run: Evidence for a Panel of OECD Countries
Matthew B. Canzoneri, Robert E. Cumby, and Behzad Diba
- t0198 July 1996 Asymptotics for GMM Estimators with Weak Instruments
James H. Stock and Jonathan Wright
- w5678 July 1996 Money and Exchange Rates in the Grossman-Weiss-Rotemberg Model
Fernando Alvarez and Andrew Atkeson
- w5677 July 1996 Demographic Structure and the Political Economy of Public Education
James M. Poterba
- w5681 July 1996 Contagious Currency Crises
Barry Eichengreen, Andrew K. Rose, and Charles Wyplosz
- w5679 July 1996 Wage Subsidies for the Disadvantaged
Lawrence F. Katz
- h0090 July 1996 What Determines the Allocation of National Government Grants to the States?
John Joseph Wallis
- w5684 July 1996 Control of the Public Debt: A Requirement for Price Stability?
Michael Woodford
- w5683 July 1996 Tax Policy and Investment
Kevin A. Hassett and R. Glenn Hubbard
- w5682 July 1996 Optimal Money Burning: Theory and Application to Corporate Dividend Policy
B. Douglas Bernheim and Lee Redding
- w5680 July 1996 Implementing Results-Oriented Trade Policies: The Case of the US-Japanese Auto Parts Dispute
Kala Krishna and John Morgan
- w5688 July 1996 The Economic Consequences of Parental Leave Mandates: Lessons from Europe
Christopher J. Ruhm
- w5687 July 1996 Deregulation and Labor Earnings in the Airline Industry
David Card
- w5686 July 1996 Assessing the Effectiveness of Saving Incentives
R. Glenn Hubbard and Jonathan S. Skinner
- w5685 July 1996 Demand Shifts, Population Adjustments, and Labor Market Outcomes during the 1980s
John Bound and Harry J. Holzer
- w5692 July 1996 Federal Reserve Private Information and the Behavior of Interest Rates
Christina D. Romer and David H. Romer
- w5691 July 1996 Dynamic Complementarities: A Quantitative Analysis
Russell Cooper and Alok Johri
- w5689 July 1996 Preliminary Injunctive Relief: Theory and Evidence from Patent Litigation
Jean O. Lanjouw and Josh Lerner
- w5690 July 1996 Perceptions of Economic Insecurity: Evidence from the Survey of Economic Expectations
Jeff Dominitz and Charles F. Manski
- w5670 July 1996 Application of Nationality-Adjusted Net Sales and Value Added Framework: The Case of Japan
Fukunari Kimura and Robert E. Baldwin
- w5601 June 1996 The Effect of New Political Administration on Federal Government Productivity and Employment
Frank R. Lichtenberg
- w5610 June 1996 Consumption and the Stock Market: Interpreting International Experience
John Y. Campbell
- w5609 June 1996 The Wealth of Cohorts: Retirement Saving and the Changing Assets of Older Americans
Steven F. Venti and David A. Wise
- w5608 June 1996 Spousal Labor Supply as Insurance: Does Unemployment Insurance Crowd Outthe Added Worker Effect?
Jonathan Gruber and Julie Berry Cullen
- w5607 June 1996 Stock Market Yields and the Pricing of Municipal Bonds
N. Gregory Mankiw and James M. Poterba
- w5602 June 1996 Trade Credit: Theories and Evidence
Mitchell A. Petersen and Raghuram G. Rajan
- w5604 June 1996 Evidence on the Characteristics of Cross Sectional Variation in Stock Returns
Kent Daniel and Sheridan Titman
- w5603 June 1996 Are Affirmative Action Hires Less Qualified? Evidence from Employer-Employee Data on New Hires
Harry Holzer and David Neumark
- w5605 June 1996 Why Do Firms Train? Theory and Evidence
Daron Acemoglu and Jorn-Steffen Pischke
- w5606 June 1996 The Returns to Computer Use Revisited: Have Pencils Changed the Wage Structure Too?
John E. DiNardo and Jorn-Steffen Pischke
- w5615 June 1996 Roe v. Wade and American Fertility
Phillip B. Levine, Douglas Staiger, Thomas J. Kane, and David J. Zimmerman
- w5618 June 1996 Trade and Search: Social Capital, Sogo Shosha, and Spillovers
James E. Rauch
- w5619 June 1996 Age Discrimination, Job Separation, and Employment Status of Older Workers: Evidence from Self-Reports
Richard W. Johnson and David Neumark
- w5611 June 1996 Keynesianism, Pennsylvania Avenue Style: Some Economic Consequences of the Employment Act of 1946
J. Bradford De Long
- t0197 June 1996 A Practitioner's Guide to Robust Covariance Matrix Estimation
Wouter J. Den Haan and Andrew T. Levin
- w5612 June 1996 Foreign Direct Investment and Keiretsu: Rethinking U.S. and Japanese Policy
David E. Weinstein
- w5613 June 1996 Does It Pay To Attend An Elite Private College? Cross Cohort Evidence on the Effects of College Quality on Earnings
Dominic J. Brewer, Eric Eide, and Ronald G. Ehrenberg
- w5614 June 1996 The Costs and Benefits of Fiscal Rules: Evidence from U.S. States
Alberto Alesina and Tamim Bayoumi
- w5621 June 1996 Trade Sensitivity, Technology, and Labor Displacement
John T. Addison, Douglas A. Fox, and Christopher J. Ruhm
- w5620 June 1996 Does European Unemployment Prop up American Wages?
Donald R. Davis
- w5616 June 1996 Computer Use and Productivity Growth in Federal Government Agencies, 1987 to 1992
William Lehr and Frank R. Lichtenberg
- w5617 June 1996 Networks versus Markets in International Trade
James E. Rauch
- w5624 June 1996 Perceptions of Equity and the Distribution of Income
Julio J. Rotemberg
- w5623 June 1996 Affine Models of Currency Pricing
David Backus, Silverio Foresi, and Chris Telmer
- w5622 June 1996 Financial Capital, Human Capital, and the Transition to Self-Employment:Evidence from Intergenerational Links
Thomas Dunn and Douglas Holtz-Eakin
- w5627 June 1996 Relative Price Variability and Inflation: Evidence from US Cities
Guy Debelle and Owen Lamont
- w5626 June 1996 Wages, Productivity, and Worker Characteristics: Evidence from Plant-Level Production Functions and Wage Equations
Judith K. Hellerstein, David Neumark, and Kenneth R. Troske
- w5625 June 1996 The Heckscher-Ohlin-Vanek Model of Trade: Why Does It Fail? When Does It Work?
Donald R. Davis, David E. Weinstein, Scott C. Bradford, and Kazushige Shimpo
- w5633 June 1996 Trade and Wages: Insights from the Crystal Ball
Robert Z. Lawrence and Carolyn L. Evans
- w5632 June 1996 Observations on International Labor Standards and Trade
Alan B. Krueger
- w5631 June 1996 Is the Time-Series Evidence on Minimum Wage Effects Contaminated by Publication Bias?
David Neumark and William Wascher
- w5630 June 1996 Borrowing Constraints and the Tenure Choice of Young Households
Donald R. Haurin, Patric H. Hendershott, and Susan M. Wachter
- w5628 June 1996 R&D Spillovers and Global Growth
Tamim Bayoumi, David T. Coe, and Elhanan Helpman
- w5629 June 1996 Expected Home Ownership and Real Wealth Accumulation of Youth
Donald R. Haurin, Patric H. Hendershott, and Susan M. Wachter
- w5637 June 1996 Contracts and Money
Boyan Jovanovic and Masako Ueda
- w5635 June 1996 Hyperbolic Discount Functions, Undersaving, and Savings Policy
David I. Laibson
- w5636 June 1996 Technology, Unemployment, and Relative Wages in a Global Economy
Donald R. Davis
- w5634 June 1996 Imperfect Competition and the Effects of Energy Price Increases on Economic Activity
Julio J. Rotemberg and Michael Woodford
- w5639 June 1996 An Analysis of Divisional Investment Policies
Hyun-Han Shin and Rene M. Stulz
- w5638 June 1996 Arbitrage Opportunities in Arbitrage-Free Models of Bond Pricing
David Backus, Silverio Foresi, and Stanley Zin
- w5640 June 1996 Insurance or Self-Insurance?: Variation, Persistence, and Individual Health Accounts
Matthew J. Eichner, Mark B. McClellan, and David A. Wise
- h0088 June 1996 The Entry Into the U.S. Labor Market of Antebellum European Immigrants, 1840-60
Joseph P. Ferrie
- w5641 June 1996 Revenue-Raising vs. Other Approaches to Environmental Protection: The Critical Significance of Pre-Existing Tax Distortions
Lawrence H. Goulder, Ian W. H. Parry, and Dallas Burtraw
- w5643 June 1996 Local Labor Markets and Welfare Spells: Do Demand Conditions Matter?
Hilary Williamson Hoynes
- w5642 June 1996 Public School Finance in a General Equilibrium Tiebout World: Equalization Programs, Peer Effects and Private School Vouchers
Thomas J. Nechyba
- t0123 June 1996 Specification Testing in Panel Data With Instrumental Variables
Gilbert E. Metcalf
- h0084 May 1996 America's Only Peacetime Inflation: The 1970s
J. Bradford De Long
- h0083 May 1996 The Paradox of Planning: The Controlled Materials Plan of World War II
John Landon-Lane and Hugh Rockoff
- t0195 May 1996 Inferences from Parametric and Non-Parametric Covariance Matrix Estimation Procedures
Wouter J. Den Haan and Andrew Levin
- w5556 May 1996 Budget Deficits and Budget Institutions
Alberto Alesina and Roberto Perotti
- w5561 May 1996 Airline Hubs: Costs, Markups and the Implications of Customer Heterogeneity
Steven Berry, Michael Carnall, and Pablo T. Spiller
- w5559 May 1996 Axiomatic and Economic Approaches to International Comparisons
W. Erwin Diewert
- w5557 May 1996 Institutions for Monetary Stability
Christina D. Romer and David H. Romer
- w5558 May 1996 Optimal Tax and Debt Policy with Endogenously Imperfect Creditworthiness
Joshua Aizenman, Michael Gavin, and Ricardo Hausmann
- w5567 May 1996 Do Workplace Smoking Bans Reduce Smoking?
William N. Evans, Matthew C. Farrelly, and Edward Montgomery
- w5566 May 1996 How Much Does Sorting Increase Inequality?
Michael Kremer
- w5565 May 1996 The Role of History in Bilateral Trade Flows
Barry Eichengreen and Douglas A. Irwin
- w5570 May 1996 Are Recessions Good For Your Health?
Christopher J. Ruhm
- w5569 May 1996 Quality Change in Capital Goods and Its Impact on Economic Growth
Charles R. Hulten
- w5560 May 1996 Asian Demography and Foreign Capital Dependence
Matthew Higgins and Jeffrey G. Williamson
- w5562 May 1996 Information Technology and the Future of Cities
Jess Gaspar and Edward Glaeser
- w5563 May 1996 The Mexican Peso Crisis: Sudden Death or Death Foretold?
Jeffrey Sachs, Aaron Tornell, and Andres Velasco
- w5564 May 1996 Parametric and Non-Parametric Approaches to Price and Tax Reform
Angus Deaton and Serena Ng
- w5573 May 1996 Debt and Monetary Policy: The Policy Issues
Rudi Dornbusch
- w5574 May 1996 Strategic Export Subsidies and Reciprocal Trade Agreements: The Natural Monopoly Case
Kyle Bagwell and Robert W. Staiger
- w5572 May 1996 Large Cash Transfers to the Elderly in South Africa
Anne Case and Angus Deaton
- h0085 May 1996 "The Use of the Census to Estimate Childhood Mortality: Comparisons fromthe 1900 and 1910 United States Census Public Use Samples"
Michael R. Haines and Samuel H. Preston
- w5571 May 1996 Understanding the Postwar Decline in U.S. Saving: A Cohort Analysis
Jagadeesh Gokhale, Laurence J. Kotlikoff, and John Sabelhaus
- w5568 May 1996 Abandoning the Nest Egg? 401(k) Plans and Inadequate Pension Saving
Andrew A. Samwick and Jonathan Skinner
- w5575 May 1996 Inflation and the Growth Rate of Output
Christina D. Romer
- t0196 May 1996 Generating Non-Standard Multivariate Distributions with an Application to Mismeasurement in the CPI
Matthew D. Shapiro and David W. Wilcox
- w5577 May 1996 Costly Information in Firm Transformation, Exit, or Persistent Failure
Lynne G. Zucker and Michael R. Darby
- w5580 May 1996 Sex-Based Differences in School Content and the Male/Female Wage Gap
Charles Brown and Mary Corcoran
- w5581 May 1996 How the Bundesbank Conducts Monetary Policy
Richard Clarida and Mark Gertler
- w5579 May 1996 Inflation Targeting in Canada, New Zealand, Sweden, the United Kingdom, and in General
Bennett T. McCallum
- w5578 May 1996 Multilevel "General Policy Equilibria": Evidence from the American Unemployment Insurance Tax Ceiling
Daniel S. Hamermesh and David Scoones
- w5576 May 1996 Financial Crises in Emerging Markets: The Lessons from 1995
Jeffrey Sachs, Aaron Tornell, and Andres Velasco
- w5588 May 1996 Investor Reaction to Salient News in Closed-End Country Funds
Peter Klibanoff, Owen Lamont, and Thierry A. Wizman
- w5587 May 1996 A Scorecard for Indexed Government Debt
John Y. Campbell and Robert J. Shiller
- w5586 May 1996 Budget Institutions and Fiscal Performance in Latin America
Alberto Alesina, Ricardo Hausmann, Rudolf Hommes, and Ernesto Stein
- w5585 May 1996 The Dynamics of Franchise Contracting: Evidence from Panel Data
Francine Lafontaine and Kathryn L. Shaw
- w5584 May 1996 Corporate Ownership Structures: Private versus Social Optimality
Lucian Arye Bebchuk and Luigi Zingales
- w5583 May 1996 Unequal Societies
Roland Benabou
- w5582 May 1996 Trade-Induced Investment-led Growth
Richard E. Baldwin and Elena Seghezza
- w5589 May 1996 Tax Policy and the Activities of Multinational Corporations
James R. Hines, Jr.
- w5592 May 1996 Illegal Immigration, Border Enforcement, and Relative Wages: Evidence from Apprehensions at the U.S.-Mexico Border
Gordon H. Hanson and Antonio Spilimbergo
- w5591 May 1996 Public Policy for Health Care
David M. Cutler
- w5599 May 1996 Personal Retirement Saving Programs and Asset Accumulation: Reconciling the Evidence
James M. Poterba, Steven F. Venti, and David A. Wise
- w5596 May 1996 The Changing Face of Job Loss in the United States, 1981-1993
Henry S. Farber
- w5597 May 1996 Crucial Issues Concerning Central Bank Independence
Bennett T. McCallum
- w5598 May 1996 Should Transfer Payments Be Indexed to Local Price Levels?
Edward L. Glaeser
- w5594 May 1996 Policies for Green Design
Don Fullerton and Wenbo Wu
- w5595 May 1996 Accounting for Chinese Trade: Some National and Regional Considerations
K.C. Fung
- w5590 May 1996 Mismeasurement in the Consumer Price Index: An Evaluation
Matthew D. Shapiro and David W. Wilcox
- w5593 May 1996 Implementing Market Access
Kala Krishna, Suddhasatwa Roy, and Marie Thursby
- h0086 May 1996 Strikebreaking and the Labor Market in the United States, 1881-1874
Joshua L. Rosenbloom
- h0087 May 1996 Health, Height and Welfare: Britain 1700-1980
Roderick Floud and Bernard Harris
- w5600 May 1996 Understanding Financial Crises: A Developing Country Perspective
Frederic S. Mishkin
- t0187 May 1996 Selection Bias Adjustment in Treatment-Effect Models as a Method of Aggregation
Robert A. Moffitt
- w5554 April 1996 A Survey of Corporate Governance
Andrei Shleifer and Robert W. Vishny
- w5555 April 1996 Drug Use and AFDC Participation: Is There a Connection?
Robert Kaestner
- w5552 April 1996 Why Do Countries Seek Regional Trade Agreements?
John Whalley
- w5553 April 1996 The Comovements Between Real Activity and Prices at Different Business Cycle Frequencies
Wouter J. Den Haan
- w5529 April 1996 The Theory of Endowment, Intra-Industry, and Multinational Trade
James R. Markusen and Anthony J. Venables
- w5528 April 1996 Free Entry and Social Inefficiency in Radio Broadcasting
Steven Berry and Joel Waldfogel
- h0082 April 1996 Were Free Southern Farmers "Driven to Indolence" by Slavery? A Stochastic Production Frontier Approach
Elizabeth B. Field-Hendre and Lee A. Craig
- w5527 April 1996 Tax Avoidance and Value-Added vs. Income Taxation in an Open Economy
Roger H. Gordon and Soren Bo Nielsen
- w5525 April 1996 Labor Market Responses to Rising Health Insurance Costs: Evidence on Hours Worked
David M. Cutler and Brigitte C. Madrian
- w5524 April 1996 Public Policy and Youth Smokeless Tobacco Use
Frank J. Chaloupka, Michael Grossman, and John A. Tauras
- w5521 April 1996 Are Brothers Really Better? Sibling Sex Composition and Educational Achievement Revisited
Robert Kaestner
- t0194 April 1996 Exact Maximum Likelihood Estimation of Observation-Driven Econometric Models
Francis X. Diebold and Til Schuermann
- w5522 April 1996 The Effects of Income and Wealth on Time and Money Transfers between Parents and Children
Joseph G. Altonji, Fumio Hayashi, and Laurence Kotlikoff
- w5523 April 1996 The 1995 NRC Ratings of Doctoral Programs: A Hedonic Model
Ronald G. Ehrenberg and Peter J. Hurst
- w5533 April 1996 Balanced Budget Rules and Public Deficits: Evidence from the U.S. States
Henning Bohn and Robert P. Inman
- w5532 April 1996 Monetary Cohabitation in Europe
Torsten Persson and Guido Tabellini
- w5531 April 1996 Intra-National versus International Trade: How Stubborn are Nations in Global Integration?
Shang-Jin Wei
- w5530 April 1996 Exchange Rate Dynamics and Learning
Pierre-Olivier Gourinchas and Aaron Tornell
- w5534 April 1996 Technology and the Wage Structure
Steven G. Allen
- w5537 April 1996 Why Do More Open Economies Have Bigger Governments?
Dani Rodrik
- w5536 April 1996 Race Differences in Labor Force Attachment and Disability Status
John Bound, Michael Schoenbaum, and Timothy Waidmann
- w5540 April 1996 Why Does Inflation Differ Across Countries?
Marta Campillo and Jeffrey A. Miron
- w5539 April 1996 Why Do People Dislike Inflation?
Robert J. Shiller
- w5538 April 1996 Does Inflation "Grease the Wheels of the Labor Market"?
David Card and Dean Hyslop
- w5535 April 1996 What Do Bureaucrats Do? The Effects of Performance Standards and Bureaucratic Preferences on Acceptance into the JTPA Program
James J. Heckman, Jeffrey A. Smith, and Christopher Taber
- w5543 April 1996 U.S. Trade Policy and Cigarette Smoking in Asia
Frank J. Chaloupka and Adit Laixuthai
- w5544 April 1996 Bounding the Effects of R&D: An Investigation Using Matched Establishment-Firm Data
James D. Adams and Adam B. Jaffe
- w5542 April 1996 Sulfur Dioxide Compliance of a Regulated Utility
Don Fullerton, Shaun P. McDermott, and Jonathan P. Caulkins
- w5541 April 1996 Expectation Traps and Discretion
V. V. Chari, Lawrence J. Christiano, and Martin Eichenbaum
- w5550 April 1996 Do Budget Rules Work?
James M. Poterba
- w5549 April 1996 Trade Liberalization and Endogenous Growth: A q-Theory Approach
Richard E. Baldwin and Rikard Forslid
- w5548 April 1996 Aggregation and the Estimated Effects of School Resources
Eric A. Hanushek, Steven G. Rivkin, and Lori L. Taylor
- w5547 April 1996 Understanding the 20th Century Growth in U.S. School Spending
Eric A. Hanushek and Steven G. Rivkin
- w5546 April 1996 Business Fixed Investment and the Recent Business Cycle in Japan
Nobuhiro Kiyotaki and Kenneth D. West
- w5545 April 1996 Environmental Regulation and Innovation: A Panel Data Study
Adam B. Jaffe and Karen Palmer
- w5551 April 1996 The Entry and Exit of Workers and the Growth of Employment: An Analysis of French Establishments
John M. Abowd, Patrick Corbel, and Francis Kramarz
- t0138 April 1996 From Each According to His Surplus: Equi-Proportionate Sharing of Commodity Tax Burdens
James R. Hines, Jr., John C. Hlinko, and Theodore J.F. Lubke
- w5526 April 1996 The Significance of International Tax Rules for Sourcing Income: The Relationship Between Income Taxes and Trade Taxes
John Mutti and Harry Grubert
- w5479 March 1996 Dynamic Equilibrium and Volatility in Financial Asset Markets
Yacine Ait-Sahalia
- w5478 March 1996 Measuring Science: An Exploration
James Adams and Zvi Griliches
- w5476 March 1996 Trade and Growth: An Empirical Investigation
Jeffrey A. Frankel and David Romer
- w5477 March 1996 How Precise are Estimates of the Natural Rate of Unemployment?
Douglas Staiger, James H. Stock, and Mark W. Watson
- w5475 March 1996 Protectionist Threats and Foreign Direct Investment
Bruce A. Blonigen and Robert C. Feenstra
- w5473 March 1996 Domestic Distortions and the Deindustrialization Hypothesis
Paul Krugman
- w5474 March 1996 Open Access Renewable Resources: Trade and Trade Policy in a Two-CountryModel
James A. Brander and M. Scott Taylor
- w5472 March 1996 The Welfare Implications of Trading Blocs among Countries with Different Endowments
Antonio Spilimbergo and Ernesto Stein
- t0192 March 1996 Forecast Evaluation and Combination
Francis X. Diebold and Jose A. Lopez
- t0193 March 1996 Instrument Relevance in Multivariate Linear Models: A Simple Measure
John Shea
- h0080 March 1996 "Long Term Marriage Patterns in the United States from Colonial Times tothe Present"
Michael R. Haines
- w5482 March 1996 Bounded Rationality and Strategic Complementarity in a Macroeconomic Model: Policy Effects, Persistence and Multipliers
Antulio N. Bomfim and Francis X. Diebold
- w5481 March 1996 Deterministic vs. Stochastic Trend in U.S. GNP, Yet Again
Francis X. Diebold and Abdelhak S. Senhadji
- w5480 March 1996 Market Access and Welfare Effects of Free Trade Areas without Rules of Origin
Jiandong Ju and Kala Krishna
- w5488 March 1996 Reciprocal Trade Liberalization
Kyle Bagwell and Robert W. Staiger
- w5489 March 1996 Beyond Arbitrage: "Good-Deal" Asset Price Bounds in Incomplete Markets
John H. Cochrane and Jesus Saa-Requejo
- w5487 March 1996 Changes in the Relative Structure of Wages and Employment: A Comparison of the United States, Canada, and France
David Card, Francis Kramarz, and Thomas Lemieux
- w5486 March 1996 Reputation Spillover Across Relationships with Enduring and Transient Beliefs: Reviving reputation Models of Debt
Harold L. Cole and Patrick J. Kehoe
- w5485 March 1996 A Statistical Analysis of Crime Against Foreigners in Unified Germany
Alan B. Krueger and Jorn-Steffen Pischke
- w5483 March 1996 Multinational Production, Skilled Labor and Real Wages
James R. Markusen and Anthony J. Venables
- w5484 March 1996 Transferable Licenses vs. Nontransferable Licenses: What is the Difference?
Kala Krishna and Ling Hui Tan
- w5496 March 1996 Rational Capital Budgeting in an Irrational World
Jeremy C. Stein
- w5494 March 1996 Determinants of Privatization Prices
Florencio Lopez-de-Silane
- w5493 March 1996 Compensation Structure and Product Market Competition
John M. Abowd and Laurence Allain
- w5492 March 1996 Cross-State Variation in Medicaid Programs and Female Labor Supply
Edward Montgomery and John Navin
- w5491 March 1996 "Globalization and Inequality Past and Present"
Jeffrey G. Williamson
- w5490 March 1996 Costly Pollution Abatement, Competitiveness, and Plant Location Decisions
James R. Markusen
- w5500 March 1996 Implied Volatility Functions: Empirical Tests
Bernard Dumas, Jeff Fleming, and Robert E. Whaley
- w5497 March 1996 Getting Pegged: Comparing the 1879 and 1925 Gold Resumptions
Michael D. Bordo and Tamim Bayoumi
- w5498 March 1996 Pricing Strategy and Financial Policy
Sudipto Dasgupta and Sheridan Titman
- w5495 March 1996 Explaining Domestic Content: Evidence from Japanese and U.S. Auto Production in the U.S.
Deborah L. Swenson
- w5510 March 1996 Log-Rolling and Economic Interests in the Passage of the Smoot-Hawley Tariff
Douglas A. Irwin and Randall S. Kroszner
- w5508 March 1996 Fixed Costs: The Demise of Marginal q
Ricardo J. Caballero and John V. Leahy
- w5507 March 1996 Inflation Targeting in a St. Louis Model of the 21st Century
Robert G. King and Alexander L. Wolman
- w5506 March 1996 R&D, Production Structure and Productivity Growth: A Comparison of the US, Japanese and Korean Manufacturing Sectors
M. Ishaq Nadiri and Seongjun Kim
- w5505 March 1996 Technical Trading Rule Profitability and Foreign Exchange Intervention
Blake LeBaron
- w5504 March 1996 Adoption of Financial Technologies: Implications for Money Demand and Monetary Policy
Casey B. Mulligan and Xavier Sala-i-Martin
- w5503 March 1996 Labor Productivity: Structural Change and Cyclical Dynamics
Martin Neil Baily, Eric J. Bartelsman, and John Haltiwanger
- w5502 March 1996 Reflections on Ricardian Equivalence
Robert J. Barro
- w5501 March 1996 Estimating the Productivity of Research and Development: An Exploration of GMM Methods Using Data on French & United States Manufacturing Firms
Jacques Mairesse and Bronwyn H. Hall
- h0081 March 1996 Two Views of the British Industrial Revolution
Peter Temin
- w5499 March 1996 Cash Flow and Investment: Evidence from Internal Capital Markets
Owen Lamont
- w5514 March 1996 Implicit Budget Deficits: The Case of a Mandated Shift to Community-Rated Health Insurance
David F. Bradford and Derrick A. Max
- w5515 March 1996 U.S. Imports, 1972-1994: Data and Concordances
Robert C. Feenstra
- w5518 March 1996 The Effects of Industry Structure on Economic Exposure
Richard C. Marston
- w5517 March 1996 Fiscal Policy and Monetary Union: Is There a Tradeoff between Federalism and Budgetary Restrictions?
Barry Eichengreen and Jurgen von Hagen
- w5516 March 1996 Measuring U.S. International Goods and Services Transactions
Robert E. Baldwin and Fukunari Kimura
- w5509 March 1996 The Smoot-Hawley Tariff: A Quantitative Assessment
Douglas A. Irwin
- w5511 March 1996 Second-Best Pollution Taxes
Don Fullerton
- w5512 March 1996 "Social Security Privatization: A Structure for Analysis"
Olivia S. Mitchell and Stephen P. Zeldes
- w5513 March 1996 Tax Principles and Capital Inflows: Is It Efficient to Tax Nonresident Income?
Assaf Razin, Efraim Sadka, and Chi-Wa Yuen
- w5520 March 1996 Disinflation and the NAIRU
Laurence Ball
- w5519 March 1996 Problems in the Measurement and Performance of Service-Sector Productivity in the United States
Robert J. Gordon
- h0079 February 1996 Financing the American Corporation: The Changing Menu of Financial Rela-tionships
Charles W. Calomiris and Carlos D. Ramirez
- w5448 February 1996 What's the Use of Factor Contents?
Edward E. Leamer
- w5451 February 1996 Why Do So Many Young American Men Commit Crimes and What Might We Do About It?
Richard B. Freeman
- w5449 February 1996 Budget Institutions and Fiscal Policy in the U.S. States
James M. Poterba
- w5450 February 1996 Labor Market Effects of School Quality: Theory and Evidence
David Card and Alan B. Krueger
- w5452 February 1996 Inflation's Children: Tales of Crises that Beget Reforms
Michael Bruno and William Easterly
- w5461 February 1996 Threats without Binding Commitment
Steven Shavell and Kathryn Spier
- w5459 February 1996 Wage Inequality and Family Labor Supply
Chinhui Juhn and Kevin M. Murphy
- w5460 February 1996 A Citation-Based Test for Discrimination at Economics and Finance Journals
Scott Smart and Joel Waldfogel
- w5458 February 1996 Rent-Shifting Export Subsidies with an Imported Intermediate Product
Jota Ishikawa and Barbara J. Spencer
- w5453 February 1996 Universal Banking and the Performance of German Firms
Gary Gorton and Frank A. Schmid
- w5455 February 1996 Wage Mobility in the United States
Moshe Buchinsky and Jennifer Hunt
- w5454 February 1996 Searching for the Effect of Immigration on the Labor Market
George J. Borjas, Richard B. Freeman, and Lawrence F. Katz
- w5456 February 1996 The L.A. Riot and the Economics of Urban Unrest
Denise DiPasquale and Edward L. Glaeser
- w5457 February 1996 Japanese and U.S. Exports and Investment as Conduits of Growth
Jonathan Eaton and Akiko Tamura
- w5467 February 1996 Sustainability of Persistent Current Account Deficits
Gian Maria Milesi-Ferrett and Assaf Razin
- w5466 February 1996 Do Doctors Practice Defensive Medicine?
Daniel P. Kessler and Mark McClellan
- w5465 February 1996 The Rise and Fall of Money Growth Targets as Guidelines for U.S. Monetary Policy
Benjamin M. Friedman
- w5464 February 1996 The Channels of Monetary Transmission: Lessons for Monetary Policy
Frederic S. Mishkin
- w5463 February 1996 A Time-Series Analysis of Crime and Drug Use in New York City
Hope Corman and H. Naci Mocan
- w5469 February 1996 The Costs and Benefits of Going from Low Inflation to Price Stability
Martin Feldstein
- w5468 February 1996 Sticky Prices, Inventories, and Market Power in Wholesale Gasoline Markets
Severin Borenstein and Andrea Shepard
- w5470 February 1996 Economic Growth and Social Capital in Asia
John F. Helliwell
- w5471 February 1996 The "Fundamental Transformation" in Macroeconomics
Ricardo J. Caballero and Mohamad L. Hammour
- w5462 January 1996 Financing Constraints and Corporate Investment: Response to Kaplan and Zingales
Steven M. Fazzari, R. Glenn Hubbard, and Bruce C. Petersen
- w5403 January 1996 Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach
Kenneth A. Froot and Jeremy C. Stein
- h0078 January 1996 The Extent of the Labor Market in the United States, 1850-1914
Joshua L. Rosenbloom
- w5405 January 1996 The Determinants and Impact of Property Rights: Land Titles on the Brazilian Frontier
Lee J. Alston, Gary D. Libecap, and Robert Schneider
- w5412 January 1996 Trends in Regional Inequality in China
Tianlun Jian, Jeffrey D. Sachs, and Andrew M. Warner
- w5410 January 1996 Consumption, Stock Returns, and the Gains from International Risk-Sharing
Karen K. Lewis
- w5411 January 1996 The Principle and Market Failure in Systems Competition
Hans-Werner Sinn
- w5409 January 1996 Cause-Specific Mortality among Medicare Enrollees
Jay Bhattacharya, Alan M. Garber, and Thomas MaCurdy
- w5408 January 1996 High Yields: The Spread on German Interest Rates
Carlo Favero, Francesco Giavazzi, and Luigi Spaventa
- w5406 January 1996 Schooling and Labor Market Consequences of the 1970 State Abortion Reforms
Joshua D. Angrist and William N. Evans
- w5404 January 1996 Reforms in Eastern Europe and the Former Soviet Union in Light of the East Asian Experiences
Jeffrey D. Sachs
- w5407 January 1996 Public Sector Deficits and Macroeconomic Stability in Developing Countries
Sebastian Edwards
- w5429 January 1996 Displacing the Family: Union Army Pensions and Elderly Living Arrange- ments
Dora L. Costa
- w5428 January 1996 Integrating Behavioral Choice into Epidemiological Models of the AIDS Epidemic
Michael Kremer
- w5426 January 1996 Education, Human Capital, and Growth: A Personal Perspective
Zvi Griliches
- w5427 January 1996 In Search of Stolper-Samuelson Effects on U.S. Wages
Edward E. Leamer
- w5425 January 1996 U.S.-Mexico Integration and Regional Economies: Evidence from Border- City Pairs
Gordon H. Hanson
- w5424 January 1996 Globalization, Outsourcing, and Wage Inequality
Robert C. Feenstra and Gordon H. Hanson
- w5423 January 1996 Repeat Use of Unemployment Insurance
Bruce D. Meyer and Dan T. Rosenbaum
- w5422 January 1996 How Well do Foreign Exchange Markets Function: Might a Tobin Tax Help?
Jeffrey A. Frankel
- w5421 January 1996 Tariff Phase-Outs: Theory and Evidence from GATT and NAFTA
Carsten Kowalczyk and Donald Davis
- w5420 January 1996 A Computable General Equilibrium Model of Intergovernmental Aid
Thomas J. Nechyba
- w5419 January 1996 Local Property and State Income Taxes: The Role of Interjurisdictional Competition and Collusion
Thomas J. Nechyba
- w5418 January 1996 The Effect of Pharmaceutical Utilization and Innovation on Hospitalization and Mortality
Frank R. Lichtenberg
- w5417 January 1996 Wage Dispersion and Technical Progress
Pierre-Richard Agenor and Joshua Aizenman
- t0190 January 1996 Existence of Equilibrium and Stratification in Local and Hierarchical Tiebout Economies with Property Taxes and Voting
Thomas J. Nechyba
- w5416 January 1996 Testing for Trade-Induced Investment-Led Growth
Richard E. Baldwin and Elena Seghezza
- w5415 January 1996 Whither Flat Panel Displays?
Kala Krishna and Marie Thursby
- w5414 January 1996 The Poverty of Nations: A Quantitative Exploration
V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
- w5413 January 1996 The Missing Piece in Policy Analysis: Social Security Reform
Martin Feldstein
- w5433 January 1996 Labor Mobility and Fiscal Coordination
Assaf Razin and Chi-Wa Yuen
- w5432 January 1996 On the Costs of Inward-Looking Development: Historical Perspectives on Price Distortions, Growth, and Divergence in Latin American from 1930s - 1980s
Alan M. Taylor
- w5431 January 1996 Regional Trading Arrangement: Natural or Super-Natural?
Jeffrey A. Frankel, Ernesto Stein, and Shang-Jin Wei
- w5430 January 1996 Why Is There More Crime in Cities?
Edward L. Glaeser and Bruce Sacerdote
- w5439 January 1996 Nominal Wage Stickiness and Aggregate Supply in the Great Depression
Ben S. Bernanke and Kevin Carey
- w5438 January 1996 Employer Learning and the Signaling Value of Education
Joseph G. Altonji and Charles R. Pierret
- w5437 January 1996 Currency Crashes in Emerging Markets: Empirical Indicators
Jeffrey A. Frankel and Andrew K. Rose
- w5436 January 1996 Relational Investing: The Worker's Perspective
Edward P. Lazear and Richard B. Freeman
- w5435 January 1996 Working for Nothing: The Supply of Volunteer Labor
Richard B. Freeman
- w5434 January 1996 The Effect of Maternal Drug Use on Birth Weight: Measurement Error in Binary Variables
Robert Kaestner, Theodore Joyce, and Hassan Wehbeh
- t0191 January 1996 On Biases in Tests of the Expecations Hypothesis of the Term Structure Of Interest Rates
Geert Bekaert, Robert J. Hodrick, and David A. Marshall
- w5441 January 1996 The Social Costs of Rent Control Revisited
Edward L. Glaeser
- w5440 January 1996 The Trade Effects of U.S. Antidumping Actions
Thomas J. Prusa
- w5446 January 1996 Public Information and the Persistence of Bond Market Volatility
Charles M. Jones, Owen Lamont, and Robin Lumsdaine
- w5445 January 1996 Target Zones and Exchange Rates: An Empirical Investigation
Geert Bekaert and Stephen F. Gray
- w5444 January 1996 Incentives in Basic Research
Edward P. Lazear
- w5443 January 1996 Why, indeed, in America? Theory, History, and the Origins of Modern Economic Growth
Paul M. Romer
- w5442 January 1996 The Efficiency of Self-Regulated Payments Systems: Learning From the Suffolk System
Charles W. Calomiris and Charles M. Kahn
- w5447 January 1996 Intergenerational Redistribution with Short-Lived Governments
Gene M. Grossman and Elhanan Helpman
- r2027 January 1996 Stock Ownership Patterns, Stock Market Fluctuations, and Consumption
James M. Poterba and Andrew A. Samwick
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