Papers Issued in 1998
- w6838 December 1998 Parity for Mental Health and Substance Abuse Care Under Managed Care
Richard G. Frank and Thomas G. McGuire
- w6836 December 1998 Distance to Hospitals and Children's Access to Care: Is Being Closer Better, and for Whom?
Janet Currie and Patricia Reagan
- w6834 December 1998 What Caused the Asian Currency and Financial Crisis? Part II: The Policy Debate
Giancarlo Corsetti, Paolo Pesenti, and Nouriel Roubini
- w6832 December 1998 Network Effects and Welfare Cultures
Marianne Bertrand, Erzo F.P. Luttmer, and Sendhil Mullainathan
- w6833 December 1998 What Caused the Asian Currency and Financial Crisis? Part I: A Macroeconomic Overview
Giancarlo Corsetti, Paolo Pesenti, and Nouriel Roubini
- w6831 December 1998 The Strategic Use of Tying to Preserve and Create Market Power in Evolving Industries
Dennis W. Carlton and Michael Waldman
- w6829 December 1998 Propensity Score Matching Methods for Non-experimental Causal Studies
Rajeev H. Dehejia and Sadek Wahba
- w6830 December 1998 Executive Compensation and Incentives: The Impact of Takeover Legislation
Marianne Bertrand and Sendhil Mullainathan
- w6828 December 1998 Taxes and Income Distribution in Chile: Some Unpleasant Redistributive Arithmetic
Eduardo M.R.A. Engel, Alexander Galetovic, and Claudio E. Raddatz
- w6827 December 1998 European Technology Policy
Jonathan Eaton, Eva Gutierrez, and Samuel Kortum
- w6825 December 1998 Measuring Adverse Selection in Managed Health Care
Richard G. Frank, Jacob Glazer, and Thomas G. McGuire
- w6826 December 1998 Does Air Quality Matter? Evidence from the Housing Market
Kenneth Y. Chay and Michael Greenstone
- w6822 December 1998 Estimating Equilibrium Models of Local Jurisdictions
Dennis Epple and Holger Sieg
- w6823 December 1998 Covering Up Trading Losses: Opportunity-Cost Accounting as an Internal Control Mechanism
Edward J. Kane and Kimberly DeTrask
- w6824 December 1998 Under What Circumstances, Past and Present, Have International Rescues of Countries in Financial Distress Been Successful?
Michael D. Bordo and Anna J. Schwartz
- w6821 December 1998 Does Mercosur Need a Single Currency
Barry Eichengreen
- w6856 December 1998 The Earned Income Tax Credit and the Labor Supply of Married Couples
Nada Eissa and Hilary Williamson Hoynes
- w6855 December 1998 Hours of Work and the Fair Labor Standards Act: A Study of Retail and Wholesale Trade, 1938-1950
Dora L. Costa
- w6854 December 1998 Changing Pensions in Cross-Section and Panel Data: Analysis with Employer Provided Plan Descriptions
Alan L. Gustman and Thomas L. Steinmeier
- w6850 December 1998 Contagion, Bank Lending Spreads and Output Fluctuations
P.R. Agenor, J. Aizenman, and A. Hoffmaister
- w6851 December 1998 Empirical Implications of Physician Authority in Pharmaceutical Decisionmaking
Scott Stern and Manuel Trajtenberg
- w6852 December 1998 Three Sides of Harberger Triangles
James R. Hines, Jr.
- w6853 December 1998 What is Driving US and Canadian Wages: Exogenous Technical Change or Endogenous Choice of Technique?
Paul Beaudry and David Green
- w6848 December 1998 The Size and Scope of Government: Comparative Politics with Rational Politicians
Torsten Persson and Guido Tabellini
- w6849 December 1998 Geography and Economic Development
John Luke Gallup, Jeffrey D. Sachs, and Andrew D. Mellinger
- w6845 December 1998 Real-Time Multivariate Density Forecast Evaluation and Calibration: Monitoring the Risk of High-Frequency Returns on Foreign Exchange
Francis X. Diebold, Jinyong Hahn, and Anthony S. Tay
- w6846 December 1998 Does Venture Capital Spur Innovation?
Samuel Kortum and Josh Lerner
- w6847 December 1998 Conflict of Interest in the Issuance of Public Securities: Evidence from Venture Capital
Paul Gompers and Josh Lerner
- w6843 December 1998 Emerging Market Crises: An Asset Markets Perspective
Ricardo J. Caballero and Arvind Krishnamurthy
- w6844 December 1998 How Relevant is Volatility Forecasting for Financial Risk Management?
Peter F. Christoffersen and Francis X. Diebold
- w6841 December 1998 Inequality
Jan Eeckhout and Boyan Jovanovic
- w6842 December 1998 Estate and Gift Taxes and Incentives for Inter Vivos Giving in the United States
James Poterba
- w6840 December 1998 Discrimination in the Small Business Credit Market
David G. Blanchflower, Phillip B. Levine, and David J. Zimmerman
- w6837 December 1998 Regulatory Free Cash Flow and the High Cost of Insurance Company Failures
Brian J. Hall
- w6835 December 1998 Did Late Nineteenth Century U.S. Tariffs Promote Infant Industries? Evidence from the Tinplate Industry
Dougas A. Irwin
- w6839 December 1998 Individual Risk and Intergenerational Risk Sharing in an Investment-Based Social Security Program
Martin Feldstein and Elena Ranguelova
- w6857 December 1998 Firm Behavior and Market Access in a Free Trade Area with Rules of Origin
Jiandong Ju and Kala Krishna
- w6858 December 1998 Malthus to Solow
Gary D. Hansen and Edward C. Prescott
- w6859 December 1998 Understanding the Twentieth Century Decline in Chronic Conditions Among Older Men
Dora L. Costa
- w6861 December 1998 Trade, Investment, and Growth: Nexus, Analysis, and Prognosis
Kala Krishna, Ataman Ozyildirim, and Norman R. Swanson
- w6860 December 1998 Unemployment Insurance Savings Accounts
Martin Feldstein and Daniel Altman
- w6863 December 1998 In a World Without Borders: The Impact of Taxes on Internet Commerce
Austan Goolsbee
- w6862 December 1998 What If Alexander Hamilton Had Been Argentinean? A Comparison of the Early Monetary Experiences of Argentina and the United States
Michael D. Bordo and Carlos A. Vegh
- w6868 December 1998 CEO Incentives and Firm Size
George P. Baker and Brian J. Hall
- w6866 December 1998 Demographics and Medical Care Spending: Standard and Non-Standard Effects
David M. Cutler and Louise Sheiner
- w6867 December 1998 Fixed vs. Floating Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime
Michael B. Devereux and Charles Engel
- w6865 December 1998 Are Invisible Hands Good Hands? Moral Hazard, Competition, and the Second Best in Health Care Markets
Martin Gaynor, Deborah Haas-Wilson, and William B. Vogt
- w6864 December 1998 Exchange Rates and Jobs: What Do We Learn from Job Flows?
Pierre-Olivier Gourinchas
- h0112 December 1998 The Tallest in the World: Native Americans of the Great Plains in the Nineteenth Century
Joseph M. Prince and Richard H. Steckel
- h0111 December 1998 Intra-Ethnic Diversity in Hispanic Child Mortality, 1890-1910
Myron P. Gutmann, Michael R. Haines, W. Parker Frisbie, and K. Stephen Blanchard
- h0110 December 1998 The Stability of the American Business Elite
Peter Temin
- w6869 December 1998 The Effects of Class Size and Composition on Student Achievement: New Evidence from Natural Population Variation
Caroline M. Hoxby
- w6787 November 1998 Market Access, Economic Geography, and Comparative Advantage: An Empirical Assessment
Donald R. Davis and David E. Weinstein
- w6785 November 1998 An Account of Global Factor Trade
Donald R. Davis and David E. Weinstein
- w6786 November 1998 Crime, Imprisonment, and Female Labor Force Participation: A Time-Series Approach
Robert Witt and Ann Dryden Witte
- w6783 November 1998 Paper Tigers? A Model of the Asian Crisis
Giancarlo Corsetti, Paolo Pesenti, and Nouriel Roubini
- w6784 November 1998 The Impact of Race on Policing, Arrest Patterns, and Crime
John J. Donohue III and Steven D. Levitt
- w6782 November 1998 Volatility and the Welfare Costs of Financial Market Integration
Pierre-Richard Agenor and Joshua Aizenman
- w6781 November 1998 Does Teacher Training Affect Pupil Learning? Evidence from Matched Comparisons in Jerusalem Public Schools
Joshua D. Angrist and Victor Lavy
- w6780 November 1998 Incentive Effects of Social Security on Labor Force Participation: Evidence in Germany and Across Europe
Axel Borsch-Supan
- w6779 November 1998 Public School Segregation in Metropolitan Areas
Charles T. Clotfelter
- w6778 November 1998 Migration and Pension
Assaf Razin and Efraim Sadka
- w6777 November 1998 The Dynamic Effects of Health on the Labor Force Transitions of Older Workers
John Bound, Michael Schoenbaum, Todd R. Stinebrickner, and Timothy Waidmann
- w6776 November 1998 Environmental Regulation and Productivity: Evidence from Oil Refineries
Eli Berman and Linda T.M. Bui
- h0108 November 1998 Height, Weight, and Body Mass of the British Population Since 1820
Roderick Floud
- w6792 November 1998 All School Finance Equalizations Are Not Created Equal
Caroline M. Hoxby
- w6790 November 1998 Inflation Targeting as a Monetary Policy Rule
Lars E.O. Svensson
- w6791 November 1998 Establishing a Monetary Union
Russell Cooper and Hubert Kempf
- w6789 November 1998 Deadweight Costs and the Size of Government
Gary S. Becker and Casey B. Mulligan
- w6788 November 1998 The Effects of Capital Subsidization on Israeli Industry
Arie Bregman, Melvyn Fuss, and Haim Regev
- w6794 November 1998 Social Security Pension Reform in China
Martin Feldstein
- w6795 November 1998 Social Mobility and the Demand for Redistribution: The POUM Hypothesis
Roland Benabou and Efe A. Ok
- w6796 November 1998 The Asian Liquidity Crisis
Roberto Chang and Andres Velasco
- w6804 November 1998 Undertstanding the Home Market Effect and the Gravity Equation: The Role of Differentiating Goods
Robert C. Feenstra, James A. Markusen, and Andrew K. Rose
- w6802 November 1998 The Case for a Populist Banker
Andres Velasco and Vincenzo Guzzo
- w6801 November 1998 Who Should Buy Long-Term Bonds?
John Y. Campbell and Luis M. Viceira
- w6793 November 1998 Monetary Policy and the Well-Being of the Poor
Christina D. Romer and David H. Romer
- w6797 November 1998 Long-Horizon Uncovered Interest Rate Parity
Guy Meredith and Menzie D. Chinn
- w6798 November 1998 Unintended Consequences? Welfare Reform and the Working Poor
Ann Dryden Witte, Magaly Queralt, Tasneem Chipty, and Harriet Griesinger
- w6799 November 1998 Price Indexes for Acute Phase Treatment of Depression
Ernst R. Berndt, Susan H. Busch, and Richard G. Frank
- w6811 November 1998 Population, Technology, and Growth: From the Malthusian Regime to the Demographic Transition and Beyond
Oded Galor and David N. Weil
- w6814 November 1998 Inherited Wealth, Corporate Control and Economic Growth: The Canadian Disease
Randall K. Morck, David A. Stangeland, and Bernard Yeung
- w6813 November 1998 Immigration and Welfare Magnets
George J. Borjas
- w6800 November 1998 Capital Flows, Real Exchange Rates, and Capital Controls: Some Latin American Experiences
Sebastian Edwards
- w6803 November 1998 Aggregate Productivity Growth: Lessons from Microeconomic Evidence
Lucia Foster, John Haltiwanger, and C.J. Krizan
- w6805 November 1998 Welfare for the Elderly: The Effects of SSI on Pre-Retirement Labor Supply
David Neumark and Elizabeth Powers
- w6806 November 1998 Contagion and Trade: Why Are Currency Crises Regional?
Reuven Glick and Andrew K. Rose
- w6807 November 1998 Is There Discretion in Wage Setting? A Test Using Takeover Legislation
Marianne Bertrand and Sendhil Mullainathan
- w6810 November 1998 Not-For-Profit Entrepreneurs
Edward L. Glaeser and Andrei Shleifer
- w6808 November 1998 Using a Natural Experiment to Estimate the Effects of the Unemployment Insurance Payroll Tax on Wages, Employment, Claims, and Denials
Patricia M. Anderson and Bruce D. Meyer
- w6809 November 1998 Organizational Flexibility and Employment Dynamics at Young and Old Plants
Jeffrey R. Campbell and Jonas D.M. Fisher
- w6819 November 1998 Trust and Opportunism in Close Corporations
Paul G. Mahoney
- w6812 November 1998 Putty-Clay and Investment: A Business Cycle Analysis
Simon Gilchrist and John C. Williams
- w6815 November 1998 Do Endowments Predict the Location of Production? Evidence from National and International Data
Jeffrey R. Bernstein and David E. Weinstein
- w6817 November 1998 Price Indexes for Medical Care Goods and Services: An Overview of Measurement Issues
Ernst R. Berndt, David M. Cutler, Richard G. Frank, Zvi Griliches, and Joseph P. Newhouse
- w6816 November 1998 Technology Transfer and Spillovers? Does Local Participation with Multinationals Matter?
Magnus Blomstrom and Fredrik Sjoholm
- w6818 November 1998 The Evolution of Price Dispersion in the European Car Market
Pinelopi Koujianou Goldberg and Frank Verboven
- w6764 October 1998 The Changing Skills of New Immigrants to the United States: Recent Trends and Their Determinants
Guillermina Jasso, Mark R. Rosenzweig, and James P. Smith
- w6745 October 1998 Valuation and Return Dynamics of New Ventures
Jonathan B. Berk, Richard C. Green, and Vasant Naik
- w6744 October 1998 Physician Fees and Procedure Intensity: The Case of Cesarean Delivery
Jon Gruber, John Kim, and Dina Mayzlin
- w6743 October 1998 Love or Money? The Effects of Owner Motivation in the California Wine Industry
Fiona M. Scott Morton and Joel M. Podolny
- w6747 October 1998 "Overreaction" of Asset Prices in General Equilibrium
S. Rao Aiyagari and Mark Gertler
- w6746 October 1998 Redistributive Public Employment
Alberto Alesina, Reza Baqir, and William Easterly
- w6752 October 1998 The Structure of Foreign Trade
Elhanan Helpman
- w6753 October 1998 Empirical Patterns of Firm Growth and R&D Investment: A QuUality LadderModel Interpretation
Tor Jakob Klette and Zvi Griliches
- w6751 October 1998 Horizontal Mergers in the Paper Industry
Martin Pesendorfer
- w6749 October 1998 Employment versus Wage Adjustment and the US Dollar
Jose Manuel Campa and Linda S. Goldberg
- w6750 October 1998 The Last American Shoe Manufacturers: Changing the Method of Pay to Survive Foreign Competition
Richard B. Freeman and Morris M. Kleiner
- w6748 October 1998 Medical Care at the End of Life: Diseases, Treatment Patterns, and Costs
Alan M. Garber, Thomas E. MaCurdy, and Mark C. McClellan
- w6758 October 1998 Prospective Deficits and the Asian Currency Crisis
Craig Burnside, Martin Eichenbaum, and Sergio Rebelo
- w6759 October 1998 Tax Reform Evaluation Using Nonparametric Methods: Sweden 1980 - 1991
Soren Blomquist, Matias Eklof, and Whitney Newey
- w6760 October 1998 Policy Rules for Open Economies
Laurence Ball
- w6761 October 1998 Tools or Toys? The Impact of High Technology on Scholarly Productivity
Daniel S. Hamermesh and Sharon M. Oster
- w6762 October 1998 Health Insurance and the Labor Market
Jonathan Gruber
- w6763 October 1998 Elasticities of Substitution in Real Business Cycle Models with Home Production
John Y. Campbell and Sydney Ludvigson
- w6757 October 1998 The Educational Attainment of Immigrants: Trends and Implications
Julian R. Betts and Magnus Lofstrom
- w6755 October 1998 Health Care for the Elderly: How Much? Who Will Pay for It?
Victor R. Fuchs
- w6756 October 1998 Interest Rate Volatility, Capital Controls, and Contagion
Sebastian Edwards
- w6754 October 1998 Staggered Price and Wage Setting in Macroeconomics
John B. Taylor
- w6765 October 1998 Constraints on Large-Block Shareholders
Clifford G. Holderness and Dennis P. Sheehan
- w6766 October 1998 School Finance Reform, the Distribution of School Spending, and the Distribution of SAT Scores
David Card and A. Abigail Payne
- w6769 October 1998 The Effects of Daycare Reconsidered
Karen Norberg
- w6768 October 1998 An Historical Analysis of Monetary Policy Rules
John B. Taylor
- w6774 October 1998 Population Age Structure and Asset Returns: An Empirical Investigation
James M. Poterba
- w6773 October 1998 Estimating the Knowledge-Capital Model of the Multinational Enterprise
David L. Carr, James R. Markusen, and Keith E. Maskus
- w6771 October 1998 Long-term Debt and Optimal Policy in the Fiscal Theory of the Price Level
John H. Cochrane
- w6770 October 1998 Income Inequality and Poverty
Martin Feldstein
- w6772 October 1998 Coding Geographic Areas Across Census Years: Creating Consistent Definitions of Metropolitan Areas
David A. Jaeger, Susanna Loeb, Sarah E. Turner, and John Bound
- w6775 October 1998 Displaced Capital
Valerie A. Ramey and Matthew D. Shapiro
- h0109 October 1998 Labor Market Integration Before the Civil War
Robert A. Margo
- w6718 September 1998 Education, Earnings, and the "Canadian G.I. Bill"
Thomas Lemieux and David Card
- w6717 September 1998 Improper Churn: Social Costs and Macroeconomic Consequences
Ricardo J. Caballero and Mohamad L. Hammour
- w6716 September 1998 Continuing Progress? Trends in Occupational Segregation in the United States Over the 1970s and 1980s
Francine D. Blau, Patricia Simpson, and Deborah Anderson
- w6719 September 1998 The Economics of Social Security Reform
Peter Diamond
- w6721 September 1998 Double Trouble: On the Value of Twins-Based Estimation of the Return to Schooling
John Bound and Gary Solon
- w6724 September 1998 Dating the Integration of World Equity Markets
Geert Bekaert, Campbell R. Harvey, and Robin L. Lumsdaine
- w6723 September 1998 Institutional Investors and Equity Prices
Paul A. Gompers and Andrew Metrick
- w6720 September 1998 International Trade Aspects of Competition Policy
Sadao Nagaoka
- w6727 September 1998 The Quality of Goverment
Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert Vishny
- w6726 September 1998 Foundations of Incomplete Contracts
Oliver Hart and John Moore
- w6725 September 1998 The Determinants of Corporate Venture Capital Successes: Organizational Structure, Incentives, and Complementarities
Paul A. Gompers and Josh Lerner
- w6731 September 1998 Taxes and the Quality of Capital
Austan Goolsbee
- w6730 September 1998 Impacts of the Basle Capital Standard on Japanese Banks' Behavior
Takatoshi Ito and Yuri Nagatake Sasaki
- t0235 September 1998 Sorting Out Sorts
Jonathan B. Berk
- w6728 September 1998 "Tax Sparing" and Direct Investment in Developing Countries
James R. Hines, Jr.
- t0234 September 1998 A Simple Framework for Nonparametric Specification Testing
Glenn Ellison and Sara Fisher Ellison
- w6737 September 1998 Understanding the Effects of a Shock to Government Purchases
Wendy Edelberg, Martin Eichenbaum, and Jonas D.M. Fisher
- w6736 September 1998 Discrete-Time Models of Bond Pricing
David Backus, Silverio Foresi, and Chris Telmer
- w6735 September 1998 Risky Habits: On Risk Sharing, Habit Formation, and the Interpretation of International Consumption Correlations
Jeffrey C. Fuhrer and Michael W. Klein
- w6734 September 1998 Tax Burden and Migration: A Political Economy Theory and Evidence
Assaf Razin, Effraim Sadka, and Phillip Swagel
- w6732 September 1998 Supply Side Hysterisis: The Case of the Canadian Unemployment InsuranceSystem
Thomas Lemieux and W. Bentley MacLeod
- w6733 September 1998 Multinationals and the Gains from International Diversification
Patrick F. Rowland and Linda L. Tesar
- w6738 September 1998 Was There Really an Earlier Period of International Financial Integration Comparable to Today?
Michael D. Bordo, Barry Eichengreen, and Jongwoo Kim
- w6740 September 1998 Beyond Becker: Training in Imperfect Labor Markets
Daron Acemoglu and Jorn-Steffen Pischke
- w6741 September 1998 Diversity and Trade
Gene M. Grossman and Giovanni Maggi
- w6742 September 1998 Currency Hedging and Goods Trade
Shang-Jin Wei
- w6739 September 1998 The Simple Analytics of the Environmental Kuznets Curve
James Andreoni and Arik Levinson
- w6673 August 1998 LAPM: A Liquidity-based Asset Pricing Model
Bengt Holmstrom and Jean Tirole
- w6671 August 1998 On the Won and Other East Asian Currencies
Menzie D. Chinn
- w6672 August 1998 Converting Hospitals from Not-for-profit to For-profit Status
David M. Cutler and Jill R. Horwitz
- w6677 August 1998 Prices and Productivity in Managed Care Insurance
David M. Cutler, Mark McClellan, and Joseph P. Newhouse
- w6674 August 1998 The Pay to Performance Incentives of Executive Stock Options
Brian J. Hall
- w6678 August 1998 A Simple Approach for Deciding When to Invest
Jonathan B. Berk
- w6684 August 1998 The A-K Model: It's Past, Present, and Future
Laurence J. Kotlikoff
- w6683 August 1998 Risk Premia and Term Premia in General Equilibrium
Andrew B. Abel
- w6680 August 1998 The Onset of the East Asian Financial Crisis
Steven Radelet and Jeffrey Sachs
- w6681 August 1998 Effects of Pensions on Saving: Analysis with Data from the Health and Retirement Study
Alan L. Gustman and Thomas L. Steinmeier
- w6679 August 1998 Effects of Work-Related Absences on Families: Evidence from the Gulf War
Joshua D. Angrist and John H. Johnson, IV
- w6690 August 1998 Does Special Education Raise Academic Achievement for Students with Disabilities?
Eric A. Hanushek, John F. Kain, and Steven G. Rivkin
- w6687 August 1998 The Portfolio Flows of International Investors, I
Kenneth A. Froot, Paul G.J. O'Connell, and Mark S. Seasholes
- w6688 August 1998 The Impact of Transfer Pricing on Intrafirm Trade
Kimberly A. Clausing
- w6689 August 1998 Least-Present-Value-of-Revenue Auctions and Highway Franchising
Eduardo M.R.A. Engel, Ronald D. Fischer, and Alexander Galetovic
- w6686 August 1998 Efficient Unemployment Insurance
Daron Acemoglu and Robert Shimer
- w6685 August 1998 Why Do Countries Subsidize Investment and Not Employment?
Clemens Fuest and Bernd Huber
- w6691 August 1998 Teachers, Schools, and Academic Achievement
Eric A. Hanushek, John F. Kain, and Steven G. Rivkin
- w6694 August 1998 Risk and Exchange Rates
Maurice Obstfeld and Kenneth Rogoff
- w6692 August 1998 The Causes of American Business Cycles: An Essay in Economic Historiography
Peter Temin
- w6693 August 1998 Tax Reform and the Dutch Labor Market: An Applied General Equilibrium Approach
A. Lans Bovenberg, Johan J. Graafland, and Ruud A. de Mooij
- h0107 August 1998 Health, Height, Nutrition, and Mortality: Evidence on the "Antebellum Puzzle" from Union Army Recruits in the Middle of the Nineteenth Century
Michael R. Haines
- w6701 August 1998 Change, Consolidation, and Competition in Health Care Markets
Martin Gaynor and Deborah Haas-Wilson
- w6695 August 1998 Incentives in Organizations
Robert Gibbons
- w6696 August 1998 Research, Innovation, and Productivity: An Econometric Analysis at the Firm Level
Bruno Crepon, Emmanuel Duguet, and Jacques Mairesse
- w6697 August 1998 Oil Prices and the Terms of Trade
David K. Backus and Mario J. Crucini
- w6698 August 1998 Proofs and Prototypes for Sale: The Tale of University Licensing
Richard Jensen and Marie Thursby
- w6699 August 1998 Characterizing Selection Bias Using Experimental Data
James Heckman, Hidehiko Ichimura, Jeffrey Smith, and Petra Todd
- w6700 August 1998 On the Dynamics of Trade Reform
Rui Albuquerque and Sergio Rebelo
- w6702 August 1998 Diffusion Indexes
James H. Stock and Mark W. Watson
- w6703 August 1998 Capital Mobility in a Second Best World -- Moral Hazard With Costly Financial Intermediation
Joshua Aizenman
- w6706 August 1998 Hospital Ownership and Cost and Quality of Care: Is There a Dime's Worth of Difference?
Frank A. Sloan, Gabriel A. Picone, Donald H. Taylor, Jr., and Shin-Yi Chou
- w6705 August 1998 Derivatives Usage in Risk Management by US and German Non-Financial Firms: A Comparative Survey
Gordon M. Bodnar and Gunther Gebhardt
- w6704 August 1998 Does Exchange Rate Stability Increase Trade and Capital Flows?
Philippe Bacchetta and Eric Van Wincoop
- w6707 August 1998 Is Free Trade Good for the Environment?
Werner Antweiler, Brian R. Copeland, and M. Scott Taylor
- w6708 August 1998 Tax Arbitrage and Labor Supply
Jonas Agell and Mats Persson
- w6711 August 1998 Import Peneteration and the Politics of Trade Protection
Giovanni Maggi and Andres Rodriguez-Clare
- w6710 August 1998 Health, Government, and Irving Fisher
Victor R. Fuchs
- w6709 August 1998 Recent Trends in Employer-Sponsored Health Insurance Coverage: Are Bad Jobs Getting Worse?
Henry S. Farber and Helen Levy
- w6712 August 1998 The Division and Size of Gains from Liberalization of Service Networks
Keshab Bhattarai and John Whalley
- w6715 August 1998 Sect, Subsidy, and Sacrifice: An Economist's View of Ultra-Orthodox Jews
Eli Berman
- w6714 August 1998 Extended Benefits and the Duration of UI Spells: Evidence from the New Jersey Extended Benefit Program
David Card and Phillip B. Levine
- w6630 July 1998 The Immigrant and Native-born Wage Distributions: Evidence from United States Censuses
Kristin F. Butcher and John DiNardo
- w6629 July 1998 The Effects of Alcohol Regulation on Physical Child Abuse
Sara Markowitz and Michael Grossman
- w6631 July 1998 Poisson-Guassian Processes and the Bond Markets
Sanjiv R. Das
- w6633 July 1998 Capital Movements, Asset Values, and Banking Policy in Globalized Markets
Edward J. Kane
- w6632 July 1998 What Do Technology Shocks Do?
John Shea
- w6635 July 1998 A Direct Approach to Arbitrage-Free Pricing of Credit Derivatives
Sanjiv R. Das and Rangarajan K. Sundaram
- w6634 July 1998 The Other Side of the Tradeoff: The Impact of Risk on Executive Compensation
Rajesh Aggarwal and Andrew A. Samwick
- w6636 July 1998 What Hides Behind an Umemployment Rate: Comparing Portuguese and U.S. Unemployment
Olivier Blanchard and Pedro Portugal
- w6641 July 1998 Social Security and Institutions for Intergenerational, Intragenerational, and International Risk Sharing
Robert J. Shiller
- w6640 July 1998 Tax Reform and Target Savings
Andrew A. Samwick
- w6639 July 1998 On the Regulation of Fee Structures in Mutual Funds
Sanjiv Ranjan Das and Rangarajan K. Sundaram
- w6638 July 1998 Wages, Skills, and Technology in the United States and Canada
Kevin M. Murphy, W. Craig Riddell, and Paul M. Romer
- w6637 July 1998 What Drives Deregulation? Economics and Politics of the Relaxation of Bank Branching Restrictions
Randall S. Kroszner and Philip E. Strahan
- w6643 July 1998 Labor Market Integration Before the Civil War
Robert A. Margo
- w6642 July 1998 Provide, Provide: The Economics of Aging
Victor R. Fuchs
- w6644 July 1998 Fee Speech: Adverse Selection and the Regulation of Mutual Funds
Sanjiv Ranjan Das and Rangarajan K. Sundaram
- w6646 July 1998 A Frictionless View of U.S. Inflation
John H. Cochrane
- w6645 July 1998 How Will Defined Contribution Pension Plans Affect Retirement Income?
Andrew A. Samwick and Jonathan Skinner
- w6647 July 1998 Accounting for Growth
Jeremy Greenwood and Boyan Jovanovic
- w6651 July 1998 Minimum Wages and Training Revisited
David Neumark and William Wascher
- w6650 July 1998 Is Job Stability in the US Falling? Reconciling Trends in the Current Population Survey and Panel Study of Income Dynamics
David A. Jaeger and Ann Huff Stevens
- w6649 July 1998 Bank Capital and Portfolio Management: The 1930's Capital Crunch and Scramble to Shed Risk
Charles W. Calormiris and Berry Wilson
- w6648 July 1998 Performance Evaluation with Transactions Data: The Stock Selection of Investment Newsletters
Andrew Metrick
- w6653 July 1998 Meals on Wheels: Restaurant and Home Meal Production and the Exemption of Food from Sales and Value Added Taxes
Aled Ab Iorwerth and John Whalley
- w6652 July 1998 Investment, Fundamentals and Finance
Simon Gilchrist and Charles Himmelberg
- w6660 July 1998 Some Costs and Benefits of Price Stability in the United Kingdom
Hasan Bakhshi, Andrew G. Haldane, and Neal Hatch
- w6658 July 1998 Changes in Unemployment and Wage Inequality: An Alternative Theory and Some Evidence
Daron Acemoglu
- w6657 July 1998 Alternative Estimates of Productivity Growth in the NICs: A Comment on the Findings of Chang-Tai Hsieh
Alwyn Young
- w6656 July 1998 Are Insiders' Trades Informative?
Josef Lakonishok and Inmoo Lee
- w6654 July 1998 Notes on Growth Accounting
Robert J. Barro
- w6661 July 1998 Do Foreign Investors Destabilize Stock Markets? The Korean Experience in 1997
Hyuk Choe, Bong-Chan Kho, and Rene M. Stulz
- w6659 July 1998 Fiscal Institutions and Public Sector Labor Markets
James M. Poterba and Kim S. Rueben
- w6663 July 1998 Paasche vs. Laspeyres: The Elasticity of Substitution and Bias in Measures of TFP Growth
Alwyn Young
- w6662 July 1998 The Complexity of Job Mobility Among Young Men
Derek Neal
- w6664 July 1998 Dunning Delinquent Dads: The Effects of Child Support Enforcement on Child Support Receipt by Never Married Women
Richard B. Freeman and Jane Waldfogel
- w6665 July 1998 State Versus Private Ownership
Andrei Shleifer
- w6668 July 1998 Trade Flows and Wage Premiums: Does Who or What Matter?
Mary E. Lovely and J. David Richardson
- w6667 July 1998 Sales Taxes and Prices: An Empirical Analysis
Timothy J. Besley and Harvey S. Rosen
- w6666 July 1998 Testing for Market Microstructure Effects in Intraday Volatility: A Reassessment of the Tokyo FX Experiment
Torben G. Anderson, Tim Bollerslev, and Ashish Das
- w6669 July 1998 Capital Flows and the Behavior of Emerging Market Equity Returns
Geert Bekaert and Campbell R. Harvey
- w6670 July 1998 Consequences of Employment Protection? The Case of the Americans with Disabilities Act
Daron Acemoglu and Joshua Angrist
- w6594 June 1998 Agency Problems and Dividend Policies Around the World
Rafael La Porta, Florencio Lopez-de-Silane, Andrei Shleifer, and Robert Vishny
- w6628 June 1998 Overcoming Informational Barriers to International Resource Allocation: Prices and Group Ties
James E. Rauch and Alessandra Casella
- w6627 June 1998 Optimal Investment, Growth Options, and Security Returns
Jonathan Berk, Richard C. Green, and Vasant Naik
- w6626 June 1998 Efforts and Wages: A New Look at the Inter-Industry Wage Differentials
Edward E. Leamer and Christopher Thornberg
- w6625 June 1998 Corporate Ownership Around the World
Rafael La Porta, Florencio Lopez-de-Silane, and Andrei Shleifer
- w6624 June 1998 Comparing Capital Mobility Across Provincial and National Borders
John F. Helliwell and Ross McKitrick
- w6623 June 1998 Derivatives in International Capital Flows
Peter M. Garber
- w6622 June 1998 Setting the X Factor in Price Cap Regulation Plans
Jeffrey I. Bernstein and David E. M. Sappington
- w6621 June 1998 Taxation and the Labor Supply: Decisions of the Affluent
Robert A. Moffitt and Mark Wilhelm
- w6619 June 1998 Notes on the Role of TARGET in a Stage III Crisis
Peter M. Garber
- w6620 June 1998 Current Account Reversals and Currency Crises: Empirical Regularities
Gian Maria Milesi-Ferrett and Assaf Razin
- w6618 June 1998 Interest-Rate Rules in an Estimated Sticky Price Model
Julio J. Rotemberg and Michael Woodford
- w6617 June 1998 Junior Can't Borrow: A New Perspective on the Equity Premium Puzzle
George M. Constantinidies, John B. Donaldson, and Rajnish Mehra
- w6615 June 1998 Investment Ramifications of Distortionary Tax Subsidies
James R. Hines Jr.
- w6616 June 1998 Capital Gains Tax Rules, Tax Loss Trading and Turn-of-the-Year Returns
James M. Poterba and Scott J. Weisbenner
- w6613 June 1998 Crime and the Timing of Work
Daniel S. Hamermesh
- w6614 June 1998 Coveting Thy Neighbor's Manuafacturing: The Dilemma of State Income Apportionment
Austan Goolsbee and Edward L. Maydew
- w6612 June 1998 Who Gives Foreign Aid to Whom and Why?
Alberto Alesina and David Dollar
- w6610 June 1998 The Pay-As-You-Go Pension System as a Fertility Insurance and Enforcement Device
Hans-Werner Sinn
- w6611 June 1998 Approximate Equilibrium Asset Prices
Fernando Restoy and Philippe Weil
- w6609 June 1998 International Trade and American Wages in General Equilibrium, 1967 - 1995
James Harrigan
- w6607 June 1998 A Comparison of Linear and Nonlinear Univariate Models for Forecasting Macroeconomic Time Series
James H. Stock and Mark W. Watson
- w6608 June 1998 The Liquidity Effect and Long-Run Neutrality
Ben S. Bernanke and Ilian Mihov
- w6606 June 1998 Financial Crises in Emerging Markets
Roberto Chang and Andres Velasco
- w6605 June 1998 What Does Affirmative Action Do?
Harry J. Holzer and David Neumark
- w6604 June 1998 The Simple Economics of Labor Standards and the GATT
Kyle Bagwell and Robert W. Staiger
- w6603 June 1998 Social Security's Treatment of Postwar Americans
Steven Caldwell, Melissa Favreault, Alla Gantman, Jagadeesh Gokhale, and Thomas Johnson
- w6602 June 1998 What Do Prosecutors Maximize? An Analysis of Drug Offenders and Concurrent Jurisdiction
Edward L. Glaeser, Daniel P. Kessler, and Anne Morrison Piehl
- w6601 June 1998 The Allocation of Publicly-Funded Biomedical Research
Frank R. Lichtenberg
- w6588 June 1998 Education and Borrowing Constraints: Tests vs. Prices
Raquel Fernandez
- w6587 June 1998 North American Economic Integration and Industry Location
Gordon H. Hanson
- w6586 June 1998 Causal Effects in Non-Experimental Studies: Re-Evaluating the Evaluation of Training Programs
Rajeev H. Dehejia and Sadek Wahba
- w6589 June 1998 Lobbying and Legislative Bargaining
Elhanan Helpman and Torsten Persson
- w6591 June 1998 What Are the Results of Product-Price Studies and What Can We Learn From Their Differences?
Matthew J. Slaughter
- w6590 June 1998 Managing Annual Accounting Reports to Avoid State Taxes: An Analysis of Property-Casualty Insurers
Kathy R. Petroni and Douglas A. Shackelford
- w6593 June 1998 The Demand for Money, Financial Innovation, and the Welfare Cost of Inflation: An Analysis with Household Data
Orazio Attanasio, Luigi Guiso, and Tuillo Jappelli
- w6595 June 1998 The Adoption and Impact of Advanced Emergency Response Services
Susan Athey and Scott Stern
- w6592 June 1998 An Economic Analysis of a Drug-Selling Gang's Finances
Steven D. Levitt and Sudhir Alladi Venkatesh
- w6597 June 1998 Another Look at Long-Run Money Demand
Laurence Ball
- w6596 June 1998 Medicare from the Perspective of Generational Accounting
Jagadeesh Gokhale and Laurence J. Kotlikoff
- w6598 June 1998 The US-China Bilateral Trade Balance: Its Size and Determinants
Robert C. Feenstra, Wen Hai, Wing T. Woo, and Shunli Yao
- w6599 June 1998 Performance of Operational Policy Rules in an Estimated Semi-Classical Structural Model
Bennett T. McCallum and Edward Nelson
- w6600 June 1998 An Empirical Framework for Testing Theories About Complimentarity in Organizational Design
Susan Athey and Scott Stern
- w6549 May 1998 Why Do the Rich Save So Much?
Christopher D. Carroll
- w6548 May 1998 The Effect of Old Age Assistance on Retirement
Leora Friedberg
- w6547 May 1998 The Rise in Old Age Longevity and the Market for Long-Term Care
Darius Lakdawalla and Tomas Philipson
- w6546 May 1998 A Distributional Analysis of an Environmental Tax Shift
Gilbert E. Metcalf
- w6544 May 1998 Incentive Contracting and the Franchise Decision
Francine Lafontaine and Margaret E. Slade
- w6543 May 1998 Forward-Looking Rules for Monetary Policy
Andrew G. Haldane and Nicoletta Batini
- w6542 May 1998 Evaluating the Welfare State
James J. Heckman and Jeffrey A. Smith
- w6550 May 1998 Were the Good Old Days That Good? Changes in Managerial Stock Ownership Since the Great Depression
Clifford G. Holderness, Randall S. Kroszner, and Dennis P. Sheehan
- w6552 May 1998 Moral Hazard in Home Equity Conversion
Robert J. Shiller and Allan N. Weiss
- w6553 May 1998 Bad News Travels Slowly: Size, Analyst Coverage and the Profitability of Momentum Strategies
Harrison Hong, Terence Lim, and Jeremy C. Stein
- w6551 May 1998 Adjusting to a New Technology: Experience and Training
Elhanan Helpman and Antonio Rangel
- w6563 May 1998 Currency Crisis and Unemployment: Sterling in 1931
Barry Eichengreen and Olivier Jeanne
- w6561 May 1998 Outside Equity Financing
Stewart C. Myers
- w6562 May 1998 Trade Policy and Economic Performance in Sub-Saharan Africa
Dani Rodrik
- w6560 May 1998 Intertemporal Choice and the Cross-Sectional Variance of Marginal Utility
Orazio P. Attanasio and Tullio Jappelli
- w6559 May 1998 The Global Capital Market: Benefactor or Menace?
Maurice Obstfeld
- w6557 May 1998 International Trade and Per Capita Income Convergence: A Difference-in-Differences Analysis
Matthew J. Slaughter
- w6558 May 1998 Productivity and the Decision to Export: Micro Evidence from Taiwan and South Korea
Bee Yan Aw, Sukkyun Chung, and Mark J. Roberts
- w6556 May 1998 Subsidiarity and the European Union
Robert P. Inman and Daniel L. Rubinfeld
- w6555 May 1998 Macroeconomic Policy and Institutions During the Transition to European Union Membership
William H. Branson, Jorge Braga de Macedo, and Jurgen von Hagen
- w6554 May 1998 Parental Leave and Child Health
Christopher J. Ruhm
- w6568 May 1998 Does Cultural Origin Affect Saving Behavior? Evidence from Immigrants
Christopher D. Carroll, Byung-Kun Rhee, and Changyong Rhee
- t0233 May 1998 An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy: Expanded Version
Julio J. Rotemberg and Michael Woodford
- w6567 May 1998 Asset Holding and Consumption Volatility
Orazio Attanasio, James Banks, and Sarah Tanner
- w6566 May 1998 Revisiting European Unemployment: Unemployment, Capital Accumulation, and Factor Prices
Olivier Blanchard
- w6565 May 1998 Does the Sector Bias of Skill-Biased Technical Change Explain Changing Wage Inequality?
Jonathan E. Haskel and Matthew J. Slaughter
- w6569 May 1998 Pharmaceutical Innovation, Mortality Reduction, and Economic Growth
Frank R. Lichtenberg
- w6570 May 1998 Robustness of Simple Monetary Policy Rules under Model Uncertainty
Andrew Levin, Volker Wieland, and John C. Williams
- w6573 May 1998 Labor Market Information and Wage Differentials by Race and Sex
David Neumark
- w6571 May 1998 Understanding Increasing and Decreasing Wage Inequality
Andrew B. Bernard and J. Bradford Jensen
- w6572 May 1998 How are Stock Prices Affected by the Location of Trade?
Kenneth A. Froot and Emil Dabora
- w6574 May 1998 Hedonic Analysis of Arthritis Drugs
Iain M. Cockburn and Aslam H. Anis
- w6575 May 1998 The Determinants of Income Tax Compliance: Evidence from a Controlled Experiment in Minnesota
Marsha Blumenthal, Charles Christian, and Joel Slemrod
- w6576 May 1998 Are "Real" Responses to Taxes Simply Income Shifting Between Corporate and Personal Tax Bases?
Roger H. Gordon and Joel Slemrod
- w6583 May 1998 Did Steve Forbes Scare the Municipal Bond Market?
Joel Slemrod and Timothy Greimel
- w6582 May 1998 A General Model of the Behavioral Response to Taxation
Joel Slemrod
- w6579 May 1998 Globalization and the Market for Teammates
Edward P. Lazear
- w6580 May 1998 A New Model of Quality
Kala Krishna and Tor Winston
- w6581 May 1998 Youth Labor Markets in the U.S.: Shopping Around vs. Staying Put
David Neumark
- w6577 May 1998 The Role of Leasing under Adverse Selection
Igal Hendel and Alessandro Lizzeri
- w6584 May 1998 The Economics of Taxing the Rich
Joel Slemrod
- w6585 May 1998 Substitution over Time: Another Look at Life Cycle Labor Supply
Casey B. Mulligan
- w6535 April 1998 Diversity and Immigration
Edward P. Lazear
- t0231 April 1998 Efficient Intertemporal Allocations with Recursive Utility
Bernard Dumas, Raman Uppal, and Tan Wang
- t0232 April 1998 Solutions to Linear Rational Expectations Models: A Compact Exposition
Bennett T. McCallum
- w6536 April 1998 The Effects of Minimum Wages on the Distribution of Family Incomes: A Non-Parametric Analysis
David Neumark, Mark Schweitzer, and William Wascher
- w6537 April 1998 The Shaping of Higher Education: The Formative Years in the United States, 1890 to 1940
Claudia Goldin and Lawrence F. Katz
- w6538 April 1998 Export Entry and Exit by German Firms
Andrew B. Bernard and Joachim Wagner
- w6490 April 1998 Costs of Equity Capital and Model Mispricing
Lubos Pastor and Robert F. Stambaugh
- w6492 April 1998 Staggered Price Setting and Endogenous Persistence
Paul R. Bergin and Robert C. Feenstra
- w6491 April 1998 Before the Fall: Were East Asian Currencies Overvalued?
Menzie D. Chinn
- w6493 April 1998 Effects of Information Provision in an Vertically Differentiated Market
Tasneem Chipty and Ann Dryden Witte
- w6494 April 1998 Optimal CO2 Abatement in the Presence of Induced Technological Change
Lawrence H. Goulder and Koshy Mathai
- w6495 April 1998 The Current Account and the Real Exchange Rate: A Structural VAR Analysis of Major Currencies
Jaewoo Lee and Menzie D. Chinn
- w6498 April 1998 Voracity and Growth
Aaron Tornell and Philip R. Lane
- w6497 April 1998 Reform from Within
Aaron Tornell
- w6496 April 1998 Mentoring and Diversity
Susan Athey, Christopher Avery, and Peter Zemsky
- w6500 April 1998 It'll Only Hurt a Second? Microeconomic Determinants of Who Gets Flu Shots
John Mullahy
- w6501 April 1998 Labor-Market Frictions and Employment Fluctuations
Robert E. Hall
- w6503 April 1998 Health Problems as Determinants of Retirement: Are Self-Rated Measures Endogenous?
Debra Sabatini Dwyer and Olivia S. Mitchell
- w6502 April 1998 Why Aren't Savings Rates in Latin America Procyclical?
Philip R. Lane and Aaron Tornell
- w6504 April 1998 The Wage and the Length of the Work Day: From the 1890s to 1991
Dora L. Costa
- w6506 April 1998 The Economic Progress of Immigrants
George J. Borjas
- w6505 April 1998 Valuing the Futures Market Clearinghouse's Default Exposure During the 1987 Crash
David Bates and Roger Craine
- w6507 April 1998 International Knowledge Flows: Evidence from Patent Citations
Adam B. Jaffe and Manuel Trajtenberg
- w6508 April 1998 Regime Switches in Interest Rates
Andrew Ang and Geert Bekaert
- t0230 April 1998 Combining Panel Data Sets with Attrition and Refreshment Samples
Keisuke Hirano, Guido W. Imbens, Geert Ridder, and Donald B. Rebin
- w6510 April 1998 The Political Economy of Unilateral Trade Liberalization: The Case of Chile
Sebastian Edwards and Daniel Lederman
- w6512 April 1998 Policy Rules for Inflation Targeting
Glenn D. Rudebusch and Lars E. O. Svensson
- w6511 April 1998 Social Security, Economic Growth, and the Rise in Independence of Elderly Widows in the 20th Century
Kathleen McGarry and Robert F. Schoeni
- w6515 April 1998 Changing Inequality in Markets for Workplace Amenities
Daniel S. Hamermesh
- w6514 April 1998 The Costs and Benefits of Intensive Treatment for Cardiovascular Disease
David Cutler, Mark McClellan, and Joseph Newhouse
- w6513 April 1998 How Much is Enough? Efficiency and Medicare Spending in the Last Six Months of Life
Jonathan Skinner and John E. Wennberg
- w6516 April 1998 The Morning After: The Mexican Peso in the Aftermath of the 1994 Currency Crisis
Sebastian Edwards and Miguel A. Savastano
- w6519 April 1998 The More Things Change: Immigrants and the Children of Immigrants in the 1940s, the 1970s, and the 1990s
David Card, John DiNardo, and Eugena Estes
- w6520 April 1998 Falling Union Membership and Rising Wage Inequality: What's the Connection?
David Card
- w6522 April 1998 Notes on "A Code for Fiscal Stability"
Willem H. Buiter
- w6529 April 1998 On Theories Explaining the Success of the Gravity Equation
Simon J. Evenett and Wolfgang Keller
- w6528 April 1998 Business Cycle Fluctuations in U.S. Macroeconomic Time Series
James H. Stock and Mark W. Watson
- w6527 April 1998 Medicaid Expansions and The Crowding Out of Private Health Insurance
Esel Y. Yazici and Robert Kaestner
- w6526 April 1998 Investment Subsidies and Wages in Capital Goods Industries: To the Workers Go the Spoils?
Austan Goolsbee
- w6525 April 1998 Taxes and Investment in Annuities
William M. Gentry and Joseph Milano
- w6523 April 1998 Managed Care Provider Volume
Sarah Feldman and David Scharfstein
- w6524 April 1998 Privatization in Emerging Markets
Joshua Aizenman
- w6531 April 1998 What Determines Individual Trade Policy Preferences?
Kenneth F. Scheve and Matthew J. Slaughter
- w6530 April 1998 Capital Flows to Emerging Markets: Liberalization, Overshooting, and Volatility
Philippe Bacchetta and Eric van Wincoop
- w6532 April 1998 Does Government R&D Policy Mainly Benefit Scientists and Engineers?
Austan Goolsbee
- w6533 April 1998 Taxation and the Sources of Growth: Estimates from United States Multinational Corporations
Jason G. Cummins
- w6534 April 1998 New Evidence on Pensions, Social Security, and the Timing of Retirement
Andrew A. Samwick
- w6541 April 1998 An Examination of Gender and Race Differences in Youth Smoking Responsiveness to Price and Tobacco Control Policies
Frank J. Chaloupka and Rosalie Liccardo Pacula
- w6539 April 1998 A Re-Examination of the Conglomerate Merger Wave in the 1960s: An Internal Capital Markets View
R. Glenn Hubbard and Darius Palia
- w6436 March 1998 The Rise and Fall of a Barbarous Relic: The Role of Gold in the International Monetary SYstem
Michael D. Bordo and Barry Eichengreen
- t0226 March 1998 Regression-Based Tests of Predictive Ability
Kenneth D. West and Michael W. McCracken
- w6437 March 1998 The Induced Innovation Hypothesis and Energy-Saving Technological Change
Richard G. Newell, Adam B. Jaffe, and Robert N. Stavins
- w6444 March 1998 The Behavioral Economics of Smoking
Warren K. Bickel and Gregory J. Madden
- w6443 March 1998 The Effects of Price Changes on Alcohol Consumption in Alcohol-Experienced Rats
Jeffrey K. Sarbaum, Solomon W. Polachek, and Norman E. Spear
- w6442 March 1998 Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory
Richard Clarida, Jordi Gali, and Mark Gertler
- w6441 March 1998 Capital Inflows into Latin America: A Stop-Go Story?
Sebastian Edwards
- w6440 March 1998 Changing the Price of Pork: The Impact of Local Cost Sharing on Legislators' Demand for Distributive Public Goods
Alison F. DelRossi and Robert P. Inman
- w6439 March 1998 Human Capital and Social Capital: The Rise of Secondary Schooling in America, 1910 to 1940
Claudia Goldin and Lawrence F. Katz
- w6438 March 1998 Understanding the U.S. Export Boom
Andrew B. Bernard and J. Bradford Jensen
- w6448 March 1998 Contracts, Intellectual Property Rights, and Multinational Investment in Developing Countries
James R. Markusen
- w6445 March 1998 Cyclical Movements in Wages and Consumption in a Bargaining Model of Unemployment
Julio J. Rotemberg
- w6446 March 1998 Meritocracy in America: An Examination of Wages Within and Across Occupations
John Cawley, James Heckman, and Edward Vytlacil
- w6447 March 1998 An International Comparison of Generational Accounts
Laurence J. Kotlikoff and Willi Leibfritz
- w6451 March 1998 A Contracting-Theory Interpretation of the Origins of Federal Deposit Insurance
Edward J. Kane and Berry K. Wilson
- w6449 March 1998 Would Financial Incentives for Leaving Welfare Lead Some People to Stay on Welfare Longer? An Experimental Evaluation of 'Entry Effects' in the SSP
David Card, Philip K. Robins, and Winston Lin
- w6450 March 1998 Assessing the Bias in the Consumer Price Index from Survey Data
Alan B. Krueger and Aaron Siskind
- w6454 March 1998 A Theory of Wage and Promotion Dynamics in Internal Labor Markets
Robert Gibbons and Michael Waldman
- w6453 March 1998 Universal Service in the Digital Age: The Commercialization and Geography of U.S. Internet Access
Shane Greenstein
- w6452 March 1998 Transparency and Credibility: Monetary Policy with Unobservable Goals
Jon Faust and Lars E. O. Svensson
- w6459 March 1998 Agglomeration and Endogenous Capital
Richard E. Baldwin
- w6458 March 1998 Global Income Divergence, Trade and Industrializatiion: The Geography of Growth Take-Offs
Richard E. Baldwin, Philippe Martin, and Gianmarco I. P. Ottaviano
- w6457 March 1998 Household Savings in Transition Economies
Cevdet Denizer and Holger C. Wolf
- w6456 March 1998 Indeterminacy, Bubbles, and the Fiscal Theory of Price Level Determination
Bennett T. McCallum
- w6455 March 1998 The Financial Accelerator in a Quantitative Business Cycle Framework
Ben Bernanke, Mark Gertler, and Simon Gilchrist
- w6462 March 1998 Tax Policy and Human Capital Formation
James J. Heckman, Lance Lochner, and Christopher Taber
- w6461 March 1998 The Value of MFN Treatment
Madanmohan Ghosh, Carlo Perroni, and John Whalley
- w6460 March 1998 The Institutional Context and Manufacturing Performance: The Case of the U.S. Defense Industrial Network
Maryellen R. Kelley and Cynthia R. Cook
- w6463 March 1998 An Empirical Analysis of the Potential for Market Power in California's Electricity Industry
Severin Borenstein and James Bushnell
- w6464 March 1998 The Cost-Effectiveness of Alternative Instruments for Environmental Protection in a Second-Best Setting
Lawrence H. Goulder, Ian W. H. Parry, Roberton C. Williams III, and Dallas Burtraw
- t0227 March 1998 Net Health Benefits: A New Framework for the Analysis of Uncertainty in Cost-Effectiveness Analysis
Aaron A. Stinnett and John Mullahy
- t0228 March 1998 Much Ado About Two: Reconsidering Retransformation and the Two-Part Model in Health Economics
John Mullahy
- w6467 March 1998 Stock Repurchases and Incentive Compensation
Christine Jolls
- w6466 March 1998 Consumption Demand
Orazio P. Attanasio
- w6465 March 1998 Transition to and Tax Rate Flexibility in a Cash-Flow Type Tax
David F. Bradford
- w6468 March 1998 Current Account Sustainability in Transition Economies
Nouriel Roubini and Paul Wachtel
- w6481 March 1998 Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market
Steven Berry, James Levinsohn, and Ariel Pakes
- w6480 March 1998 Thresholds and Context Dependence in Growth
Atish R. Ghosh and Holger Wolf
- w6479 March 1998 Illegal Child Labor in the United States: Prevalence and Characteristics
Douglas Kruse and Douglas Mahony
- w6478 March 1998 Social Security Benefits of Immigrants and U.S. Born
Alan L. Gustman and Thomas L. Steinmeier
- w6477 March 1998 Incremental Trade and Endogenous Growth: A q-Theory Approach
Richard E. Baldwin and Rikard Forslid
- w6475 March 1998 Total Factor Productivity Growth in the Canadian Life Insurance Industry: 1979-1989
Jeffrey I. Bernstein
- w6476 March 1998 Asset Pricing when Risk Sharing is Limited by Default
Fernando Alvarez and Urban J. Jermann
- w6473 March 1998 Chapter 11
Lucian Arye Bebchuk
- w6474 March 1998 Negative Expected Value Suits
Lucian Arye Bebchuk
- t0229 March 1998 Instrumental Variables Estimation of Quantile Treatment Effects
Alberto Abadie, Joshua D. Angrist, and Guido W. Imbens
- w6472 March 1998 The Uneasy Case for the Priority of Secured Claims in Bankruptcy: Further Thoughts and a Reply to Critics
Lucian Arye Bebchuk and Jesse Fried
- w6470 March 1998 Government Debt
Douglas W. Elmendorf and N. Gregory Mankiw
- w6471 March 1998 Is the Price Level Determined by the Needs of Fiscal Solvency?
Matthew B. Canzoneri, Robert E. Cumby, and Behzad T. Diba
- w6469 March 1998 Financial Fragility and the Exchange Rate Regime
Roberto Chang and Andres Velasco
- w6486 March 1998 Tobacco Taxes, Smoking Restrictions, and Tobacco Use
Robert L. Ohsfeldt, Raymond G. Boyle, and Eli L. Capilouto
- w6484 March 1998 Using Sentence Enhancements to Distinguish between Deterrence and Incapacitation
Daniel Kessler and Steven D. Levitt
- w6485 March 1998 Asset Prices, Consumption, and the Business Cycle
John Y. Campbell
- w6483 March 1998 Multiproduct Multinationals and Reciprocal FDI Dumping
Richard E. Baldwin and Gianmarco I. P. Ottaviano
- w6482 March 1998 Why Are Process Monitoring Technologies Valuable? The Use of On-Board Information Technology in the Trucking Industry
Thomas N. Hubbard
- w6489 March 1998 Less-Skilled Workers, Welfare Reform, and the Unemployment Insurance System
Cynthia K. Gustafson and Phillip B. Levine
- w6487 March 1998 Applying Behavioral Economics to the Challenge of Reducing Cocaine Abuse
Stephen T. Higgins
- w6488 March 1998 The Effect of Price Advertising and Prices: Evidence in the Wake of 44 Liquormart
Jeffrey Milyo and Joel Waldfogel
- w6392 February 1998 The Business Cycle, Financial Performance, and the Retirement of Capital Goods
Austan Goolsbee
- w6391 February 1998 Estimating the Impact of the GED on the Earnings of Young Dropouts Using a Series of Natural Experiments
John H. Tyler, Richard J. Murnane, and John B. Willett
- t0221 February 1998 A Research Assistant's Guide to Random Coefficients Discrete Choice Models of Demand
Aviv Nevo
- t0220 February 1998 An Analysis of Sample Attrition in Panel Data: The Michigan Panel Study of Income Dynamics
John Fitzgerald, Peter Gottschalk, and Robert Moffitt
- t0219 February 1998 Anchoring Effects in the HRS: Experimental and Nonexperimental Evidence
Michael D. Hurd
- w6394 February 1998 Career Concerns of Mutual Fund Managers
Judith Chevalier and Glenn Ellison
- w6393 February 1998 Does Schooling Cause Growth or the Other Way Around?
Mark Bils and Peter J. Klenow
- w6398 February 1998 Did Unilateral Divorce Raise Divorce Rates? Evidence from Panel Data
Leora Friedberg
- w6397 February 1998 Unit Roots, Postwar Slowdowns and Long-Run Growth: Evidence from Two Structural Breaks
Dan Ben-David, Robin L. Lumsdaine, and David H. Papell
- w6395 February 1998 It's Not About the Money: Why Natural Experiments Don't Work on the Rich
Austan Goolsbee
- w6396 February 1998 The Young Person's Guide to Neutrality, Price Level Indeterminacy, Interest Rate Pegs, and Fiscal Theories of the Price Level
Willem H. Buiter
- t0222 February 1998 Maximum Likelihood Estimation of Discretely Sampled Diffusions: A Closed-Form Approach
Yacine Ait-Sahalia
- t0223 February 1998 Overidentification Tests with Grouped Data
Caroline Hoxby and M. Daniele Paserman
- w6400 February 1998 Monetary Policy Shocks: What Have We Learned and to What End?
Lawrence J. Christiano, Martin Eichenbaum, and Charles L. Evans
- w6399 February 1998 Capital Gains Taxation and Tax Avoidance: New Evidence from Panel Data
Alan J. Auerbach, Leonard E. Burman, and Jonathan Siegel
- w6402 February 1998 Employment as a Drug Abuse Treatment Intervention: A Behavioral Economic Analysis
Kenneth Silverman and Elias Robles
- w6401 February 1998 Are Alcoholics in Bad Jobs?
Don Kenkel and Ping Wang
- w6408 February 1998 What Explains Changing Spreads on Emerging-Market Debt: Fundamentals or Market Sentiment?
Barry Eichengreen and Ashoka Mody
- w6404 February 1998 Measuring Real Investment: Trends in the United States and International Comparisons
Milka S. Kirova and Robert S. Lipsey
- w6403 February 1998 Human Capital and Predation: A Positive Theory of Educational Policy
Herschel I. Grossman and Minseong Kim
- w6405 February 1998 Internationalized Production in Developed and Developing Countries and in Industry Sectors
Robert E. Lipsey
- w6406 February 1998 Does Drug Use Cause Poverty?
Robert Kaestner
- w6407 February 1998 Income Alters the Relative Reinforcing Effects of Drug and Nondrug Reinforcers
Marilyn E. Carroll
- w6410 February 1998 Delayed Reward Discounting in Alcohol Abuse
Rudy E. Vuchinich and Cathy A. Simpson
- w6409 February 1998 Reconciling Asymmetric Information and Divergent Expectations Theories of Litigation
Joel Waldfogel
- w6411 February 1998 The Demand for Cocaine and Marijuana by Youth
Frank J. Chaloupka, Michael Grossman, and John A. Tauras
- w6412 February 1998 Positive Portfolio Factors
Stephen J. Brown, William N. Goetzmann, and Mark Grinblatt
- w6413 February 1998 High Water Marks
William N. Goetzmann, Jonathan Ingersoll, Jr., and Stephen A. Ross
- w6416 February 1998 Vintage Capital and Inequality
Boyan Jovanovic
- w6415 February 1998 A Behavioral Economic Analysis of Polydrug Abuse in Heroin Addicts
Nancy M. Petry and Warren K. Bickel
- w6414 February 1998 Fundamentals or Population Dynamics and the Geographic Distribution of U.S. Biotechnology Enterprises, 1976-1989
Lynne G. Zucker, Michael R. Darby, and Yusheng Peng
- w6417 February 1998 Price Indexes for the Treatment of Depression
Richard G. Frank, Ernst R. Berndt, and Susan H. Busch
- w6420 February 1998 Nonlinear Aggregate Investment Dynamics: Theory and Evidence
Ricardo J. Caballero and Eduardo M.R.A. Engel
- w6419 February 1998 The Unequal Work Day: A Long-Term View
Dora L. Costa
- w6418 February 1998 Social Action, Private Choice, and Philanthropy: Understanding the Sources of Improvements in Black Schooling in Georgia, 1911-1960
John Donohue III, James J. Heckman, and Petra E. Todd
- w6422 February 1998 The New Empirics of Economic Growth
Steven N. Durlauf and Danny T. Quah
- w6421 February 1998 Cooperatives vs. Outside Ownership
Oliver Hart and John Moore
- w6424 February 1998 The Emergence of the Euro as an International Currency
Richard Portes and Helene Rey
- w6423 February 1998 Does Spending on Medical Services Change as HMOs Grow and Mature?
Patricia Born and Rosalie Liccardo Pacula
- w6425 February 1998 The Rise of Multiunit Firms in U.S. Manufacturing
Sukkoo Kim
- w6428 February 1998 Social Security: Privatization and Progressivity
Laurence J. Kotlikoff, Kent A. Smetters, and Jan Walliser
- w6426 February 1998 General Equilibrium Treatment Effects: A Study of Tuition Policy
James J. Heckman, Lance Lochner, and Christopher Taber
- w6427 February 1998 Hedge Funds and the Asian Currency Crisis of 1997
Stephen J. Brown, William N. Goetzmann, and James Park
- w6430 February 1998 Opting Out of Social Security and Adverse Selection
Laurence J. Kotlikoff, Kent A. Smetters, and Jan Walliser
- w6432 February 1998 Demographic Differentials in the Demand for Alcohol and Illicit Drugs
Henry Saffer and Frank Chaloupka
- w6429 February 1998 Market Potential, Increasing Returns, and Geographic Concentration
Gordon H. Hanson
- w6435 February 1998 The Tax Benefits of Not-for-Profit Hospitals
William N. Gentry and John R. Penrod
- w6434 February 1998 Conditional Market Timing with Benchmark Investors
Connie Becker, Wayne Ferson, David Myers, and Michael Schill
- w6433 February 1998 Fundamental Tax Reform and Corporate Financial Policy
William M. Gentry and R. Glenn Hubbard
- t0224 February 1998 Monotone Instrumental Variables with an Application to the Returns to Schooling
Charles F. Manski and John V. Pepper
- t0225 February 1998 Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients
Lawrence J. Christiano
- w6207 February 1998 Where is the Market Going? Uncertain Facts and Novel Theories
John H. Cochrane
- w6126 February 1998 Inflation Targeting: Lessons from Four Countries
Frederic S. Mishkin and Adam S. Posen
- w6122 February 1998 Strategies for Controlling Inflation
Frederic S. Mishkin
- w6150 February 1998 The Political Economy of the European Economic and Monetary Union: Political Sources of an Economic Liability
Martin Feldstein
- w6346 January 1998 The Effects of Malpractice Pressure and Liability Reforms on Physicians' Perceptions of Medical Care
Daniel P. Kessler and Mark McClellan
- w6348 January 1998 Adolescent Alcohol and Marijuana Consumption: Is There Really a Gateway Effect?
Rosalie Liccardo Pacula
- w6347 January 1998 The Japanese Open-End Fund Puzzle
Stephen J. Brown, William N. Goetzmann, Takato Hiraki, Toshiyuki Otsuki, and Noriyoshi Shiraishi
- w6349 January 1998 VAT Base Broadening, Self Supply, and The Informal Sector
John Piggott and John Whalley
- w6350 January 1998 Where Did All The Growth Go? External Shocks, Social Conflict, and Growth Collapses
Dani Rodrik
- w6352 January 1998 The Dark Side of Internal Capital Markets II: Evidence from Diversified Conglomerates
David S. Scharfstein
- w6351 January 1998 International Home Bias in International Finance and Business Cycles
Karen K. Lewis
- w6354 January 1998 Asset Pricing with Distorted Beliefs: Are Equity Returns Too Good To Be True?
Stephen G. Cecchetti, Pok-sang Lam, and Nelson C. Mark
- w6353 January 1998 The Introduction of Crack Cocaine and the Rise in Urban Crime Rates
Jeff Grogger and Mike Willis
- w6355 January 1998 Taxes and Employment Subsidies in Optimal Redistribution Programs
Paul Beaudry and Charles Blackorby
- w6357 January 1998 The Structure of Wages and Investment in General Training
Daron Acemoglu and Jorn-Steffen Pischke
- w6356 January 1998 Indexed Units of Account: Theory and Assessment of Historical Experience
Robert J. Shiller
- w6360 January 1998 Capturing Technological Opportunity via Japan's Star Scientists: Evidence from Japanese Firms' Biotech Patents and Products
Lynne G. Zucker and Michael R. Darby
- w6358 January 1998 Institutional Arrangements and Fiscal Performance: The Latin American Experience
Ernesto Stein, Ernesto Talvi, and Alejandro Grisanti
- w6361 January 1998 Do Sentencing Guidelines Raise the Cost of Punishment?
Jose Meade and Joel Waldfogel
- w6369 January 1998 The Immediate Challenges for the European Central Bank
Rudiger Dornbusch, Carlo A. Favero, and Francesco Giavazzi
- w6370 January 1998 Staying Afloat When the Wind Shifts: External Factors and Emerging-Market Banking Crises
Barry Eichengreen and Andrew K. Rose
- w6364 January 1998 Democracies Pay Higher Wages
Dani Rodrik
- w6363 January 1998 Incentives and Social Capital: Are Homeowners Better Citizens?
Denise DiPasquale and Edward L. Glaeser
- w6362 January 1998 School Quality and the Longer-Term Effects of Head Start
Janet Currie and Duncan Thomas
- w6365 January 1998 Another Look at the Capitalization of Interest Subsidies: Evidence from Sweden
Tommy Berger, Peter Englund, Patric H. Hendershott, and Bengt Turner
- w6368 January 1998 The Cost of Diversity: The Diversification Discount and Inefficient Investment
Raghuram Rajan, Henri Servaes, and Luigi Zingales
- w6366 January 1998 The Introduction of Pharmaceutical Product Patents in India: "Heartless Exploitation of the Poor and Suffering"?
Jean O. Lanjouw
- w6373 January 1998 Expandability, Reversibility, and Optimal Capacity Choice
Avinash K. Dixit and Robert S. Pindyck
- w6374 January 1998 Entrepreneurs, Income Taxes, and Investment
Robert Carroll, Douglas Holtz-Eakin, Mark Rider, and Harvey S. Rosen
- w6375 January 1998 Human Behavior and the Efficiency of the Financial System
Robert J. Shiller
- w6372 January 1998 Consumption Smoothing through Fiscal Policy in OECD and EU Countries
Adriana Arreaza, Bent E. Sorensen, and Oved Yosha
- w6371 January 1998 Modeling Money
Lawrence J. Christiano, Martin Eichenbaum, and Charles L. Evans
- w6377 January 1998 Nonprofit Production and Competition
Darius Lakdawalla and Tomas Philipson
- w6376 January 1998 Is Trade Policy for Sale? Congressional Voting on Recent Trade Bills
Robert E. Baldwin and Christopher S. Magee
- w6381 January 1998 Stock Market Volatility: Ten Years After the Crash
G. William Schwert
- w6379 January 1998 Predictable Changes in Yields and Forward Rates
David Backus, Silverio Foresi, Abon Mozumdar, and Liuren Wu
- w6378 January 1998 Theories of the Distribution of Labor Earnings
Derek Neal and Sherwin Rosen
- w6382 January 1998 International Portfolio Diversification and Labor/Leisure Choice
Urban J. Jermann
- w6383 January 1998 Has U.S. Investment Abroad Become More Sensitive to Tax Rates?
Rosanne Altshuler, Harry Grubert, and T. Scott Newlon
- w6380 January 1998 Perspectives on the Recent Currency Crisis Literature
Robert Flood and Nancy Marion
- w6385 January 1998 Life Cycle Schooling and Dynamic Selection Bias: Models and Evidence for Five Cohorts
Stephen V. Cameron and James J. Heckman
- w6386 January 1998 A Reanalysis of the Effect of the New Jersey Minimum Wage Increase on the Fast-Food Industry with Representative Payroll Data
David Card and Alan B. Krueger
- w6384 January 1998 Explaining Rising Wage Inequality: Explorations with a Dynamic General Equilibrium Model of Labor Earnings with Heterogeneous Agents
James J. Heckman, Lance Lochner, and Christopher Taber
- w6387 January 1998 Measuring Market Power in the Ready-to-Eat Cereal Industry
Aviv Nevo
- w6389 January 1998 Owner-Occupied Housing and the Composition of the Household Portfolio Over the Life-Cycle
Marjorie Flavin and Takashi Yamashita
- w6388 January 1998 Understanding the Role of Cognitive Ability in Accounting for the Recent Rise in the Economic Return to Education
John Cawley, James Heckman, and Edward Vytlacil
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