Papers Issued in 2002
- w9404 December 2002 Retirement and the Stock Market Bubble
Alan L. Gustman and Thomas L. Steinmeier
- w9405 December 2002 The Effect of the State Children's Health Insurance Program on Health Insurance Coverage
Anthony T. LoSasso and Thomas C. Buchmueller
- w9406 December 2002 Welfare Reform and Non-Marital Fertility in the 1990s: Evidence from Birth Records
Theodore Joyce, Robert Kaestner, and Sanders Korenman
- w9407 December 2002 Social Security Programs and Retirement Around the World: Micro Estimation
Jonathan Gruber and David A. Wise
- w9402 December 2002 Optimal Monetary Policy
Aubhik Khan, Robert G. King, and Alexander L. Wolman
- w9403 December 2002 Managerial Incentives and the International Organization of Production
Elhanan Helpman and Gene M. Grossman
- w9400 December 2002 The Consequences of Merit Aid
Susan Dynarski
- w9401 December 2002 Closed Jaguar, Open Dragon: Comparing Tariffs in Latin America and Asia before World War II
Michael A. Clemens and Jeffrey G. Williamson
- w9398 December 2002 Exchange Rate, Equity Prices and Capital Flows
Harald Hau and Helene Rey
- w9399 December 2002 Welfare Reform and Changes in the Economic Well-Being of Children
Neil G. Bennett, Hsien-Hen Lu, and Younghwan Song
- w9397 December 2002 Volatility, employment and the patterns of FDI in emerging markets
Joshua Aizenman
- w9396 December 2002 Changes in the Value of Life: 1940-1980
Dora L. Costa and Matthew E. Kahn
- w9394 December 2002 Health Insurance and Households' Precautionary Behaviors - An Unusual Natural Experiment
Shin-Yi Chou, Jin-Tan Liu, and James K. Hammitt
- w9395 December 2002 Changes over time in union relative wage effects in the UK and the US revisited
David Blanchflower and Alex Bryson
- w9393 December 2002 Empirical Exchange Rate Models of the Nineties: Are Any Fit to Survive?
Yin-Wong Cheung, Menzie D. Chinn, and Antonio Garcia Pascual
- w9390 December 2002 Endogenous Money or Sticky Prices?
Peter N. Ireland
- w9391 December 2002 Exchange Rate Dynamics, Learning and Misperception
Pierre-Olivier Gourinchas and Aaron Tornell
- w9392 December 2002 Mutual Fund Performance with Learning Across Funds
Christopher S. Jones and Jay Shanken
- w9388 December 2002 How Well Do Banks Manage Their Reserves?
Eduardo Jallath-Coria, Tridas Mukhopadhyay, and Amir Yaron
- w9389 December 2002 The Effect of High School Matriculation Awards: Evidence from Randomized Trials
Joshua D. Angrist and Victor Lavy
- w9382 December 2002 Consumption over the Life Cycle: Facts from Consumer Expenditure Survey Data
Jesus Fernandez-Villaverde and Dirk Krueger
- w9383 December 2002 Interpretable Asset Markets?
Ravi Bansal, Varoujan Khatachtrian, and Amir Yaron
- w9384 December 2002 Sorting Out Japan's Financial Crisis
Anil K. Kashyap
- w9385 December 2002 Paying for the FILP
Takero Doi and Takeo Hoshi
- w9386 December 2002 An International Perspective of Japan's Corporate Groups and their Prospects
Yishay Yafeh
- w9387 December 2002 U.S. Imports, Exports, and Tariff Data, 1989-2001
Robert C. Feenstra, John Romalis, and Peter K. Schott
- w9381 December 2002 Speculative Growth
Ricardo J. Caballero and Mohamad L. Hammour
- w9379 December 2002 Law and Finance: Why Does Legal Origin Matter?
Thorsten Beck, Asli Demirguc-Kunt, and Ross Levine
- w9380 December 2002 Does the Evidence Favor State Competition in Corporate Law?
Lucian Bebchuk, Alma Cohen, and Allen Ferrell
- t0286 December 2002 Estimating Affine Multifactor Term Structure Models Using Closed-Form Likelihood Expansions
Yacine Aït-Sahalia and Robert Kimmel
- t0287 December 2002 Cointegration Vector Estimation by Panel DOLS and Long-Run Money Demand
Nelson C. Mark and Donggyu Sul
- w9375 December 2002 What Measure of Inflation Should a Central Bank Target?
N. Gregory Mankiw and Ricardo Reis
- w9376 December 2002 High Frequency Contagion of Currency Crises in Asia
Takatoshi Ito and Yuko Hashimoto
- w9377 December 2002 Why Not a Political Coase Theorem? Social Conflict, Commitment and Politics
Daron Acemoglu
- w9378 December 2002 The Rise of Europe: Atlantic Trade, Institutional Change and Economic Growth
Daron Acemoglu, Simon Johnson, and James Robinson
- w9371 December 2002 Corporate Governance and Control
Patrick Bolton, Marco Becht, and Alisa Röell
- w9372 December 2002 PPP Strikes Back: Aggregation and the Real Exchange Rate
Jean Imbs, Haroon Mumtaz, Morton O. Ravn, and Helene Rey
- w9373 December 2002 Capital, Interest, and Aggregate Intertemporal Substitution
Casey B. Mulligan
- w9374 December 2002 Capital Tax Incidence: First Impressions from the Time Series
Casey B. Mulligan
- w9369 December 2002 Debt Relief: What Do the Markets Think?
Serkan Arslanalp and Peter Blair Henry
- w9370 December 2002 Time Consistency and Free-Riding in a Monetary Union
V. V. Chari and Patrick J. Kehoe
- w9364 December 2002 Asset Prices and Business Cycles with Costly External Finance
Joao Gomes, Amir Yaron, and Lu Zhang
- w9365 December 2002 Asset Pricing Implications of Firms' Financing Constraints
Joao Gomes, Amir Yaron, and Lu Zhang
- w9366 December 2002 Human Capital and Earnings Distribution Dynamics
Mark Hugget, Gustavo Ventura, and Amir Yaron
- w9367 December 2002 The Deteriorating Fiscal Situation and an Aging Population
Robert Dekle
- w9368 December 2002 Financial Sector Profitability and Double-Gearing
Mitsuhiro Fukao
- w9361 December 2002 The Economic Consequences of a War in Iraq
William D. Nordhaus
- w9362 December 2002 Explaining the Flood of Asbestos Litigation: Consolidation, Bifurcation, and Bouquet Trials
Michelle J. White
- w9363 December 2002 The Scope of Open Source Licensing
Josh Lerner and Jean Tirole
- w9360 December 2002 Mother's Education and the Intergenerational Transmission of Human Capital: Evidence from College Openings and Longitudinal Data
Janet Currie and Enrico Moretti
- w9355 December 2002 The Credit Channel in Middle Income Countries
Aaron Tornell and Frank Westermann
- w9356 December 2002 Paycheck Receipt and the Timing of Consumption
Melvin Stephens Jr.
- w9357 December 2002 Deaths Rise in Good Economic Times: Evidence From the OECD
Ulf-G. Gerdtham and Christopher J. Ruhm
- w9359 December 2002 Judging Fund Managers by the Company They Keep
Randolph Cohen, Joshua Coval, and Lubos Pastor
- w9358 December 2002 An Evaluation of Instrumental Variable Strategies for Estimating the Effects of Catholic Schools
Joseph G. Altonji, Todd E. Elder, and Christopher R. Taber
- w9348 November 2002 One Simple Test of Samuelson's Dictum for the Stock Market
Jeeman Jung and Robert J. Shiller
- w9349 November 2002 Temporary Shocks and Unavoidable Transistions to a High-Unemployment Regime
Wouter J. DenHaan
- w9350 November 2002 Determinants of Drug Injection Behavior: Economic Factors, HIV Injection Risk and Needle Exchange Programs
Jeff DeSimone
- w9351 November 2002 Pharmaceutical-embodied technical progress, longevity, and quality of life: drugs as "equipment for your health"
Frank R. Lichtenberg and Suchin Virabhak
- w9352 November 2002 Why Do Consumer Prices React less than Import Prices to Exchange Rates?
Philippe Bacchetta and Eric van Wincoop
- w9353 November 2002 Debt Policy, Corporate Taxes, and Discount Rates
Mark Grinblatt and Jun Liu
- w9354 November 2002 Educational Vouchers and Cream Skimming
Dennis Epple and Richard Romano
- t0285 November 2002 Identification and Estimation of Triangular Simultaneous Equations Models Without Additivity
Guido W. Imbens and Whitney K. Newey
- w9346 November 2002 The Link Between Public and Private Insurance and HIV-Related Mortality
Jay Bhattacharya, Dana Goldman, and Neeraj Sood
- w9347 November 2002 Do WTO Members have More Liberal Trade Policy?
Andrew K. Rose
- w9345 November 2002 Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31
Maurice Obstfeld and Alan M. Taylor
- w9344 November 2002 Pricing the Global Industry Portfolios
Stefano Cavaglia, Robert J. Hodrick, Moroz Vadim, and Xiaoyan Zhang
- w9341 November 2002 The Own-Price of Money and a New Channel of Monetary Transmission
Michael T. Belongia and Peter N. Ireland
- w9342 November 2002 Why Measure Inequality?
Louis Kaplow
- w9343 November 2002 Cross-Border Trading as a Mechanism for Capital Flight: ADRs and the Argentine Crisis
Sebastian Auguste, Kathryn M.E. Dominguez, Herman Kamil, and Linda L. Tesar
- w9337 November 2002 IS-LM-BP in the Pampas
Luis Felipe Cespedes, Roberto Chang, and Andres Velasco
- w9338 November 2002 The Impact of Welfare Benefits on Single Motherhood and Headship of Young Women: Evidence from the Census
Francine D. Blau, Lawrence M. Kahn, and Jane Waldfogel
- w9339 November 2002 Economic Insecurity and the Globalization of Production
Kenneth Scheve and Matthew Slaughter
- w9340 November 2002 Personal Bankruptcy and the Level of Entrepreneurial Activity
Wei Fan and Michelle J. White
- w9333 November 2002 Historical Perspectives on Financial Development and Economic Growth
Peter L. Rousseau
- w9334 November 2002 Why Europe Should Love Tax Competition - and the U.S. Even More So
Eckhard Janeba and Guttorm Schjelderup
- w9335 November 2002 Minimum Asset Requirements
Steven Shavell
- w9336 November 2002 Shooting Down the More Guns, Less Crime Hypothesis
Ian Ayres and John J. Donohue III
- w9325 November 2002 Why Have Health Expenditures as a Share fo GDP Risen So Much?
Charles I. Jones
- w9326 November 2002 Globalization, Trade, and Development: Some Lessons From History
Alan M. Taylor
- w9317 November 2002 Health and Retirement: Do Changes in Health Affect Retirement Expectations?
Kathleen McGarry
- w9318 November 2002 The Rise and Fall of World Trade, 1870-1939
Antoni Estevadeordal, Brian Frantz, and Alan M. Taylor
- w9319 November 2002 Food for Thought: The Effects of School Accountability Plans on School Nutrition
David N. Figlio and Joshua Winicki
- w9332 November 2002 Trade Openness, Investment Instability and Terms-of-Trade Volatility
Assaf Razin, Efraim Sadka, and Tarek Coury
- w9331 November 2002 Borrowing Costs and the Demand for Equity Over the Life Cycle
Steven J. Davis, Felix Kubler, and Paul Willen
- w9329 November 2002 Addiction and Cue-Conditioned Cognitive Processes
B. Douglas Bernheim and Antonio Rangel
- w9330 November 2002 State Lotteries and Consumer Behavior
Melissa Schettini Kearney
- w9328 November 2002 The Value of Information in International Trade: Gains to Outsourcing through Hong Kong
Robert C. Feenstra, Gordon H. Hanson, and Songhua Lin
- w9327 November 2002 Horses and Rabbits? Optimal Dynamic Capital Structure from Shareholder and Manager Perspectives
Nengjiu Ju, Robert Parrino, Allen M. Poteshman, and Michael S. Weisbach
- w9320 November 2002 Customer Anger at Price Increases, Time Variation in the Frequency of Price Changes and Monetary Policy
Julio J. Rotemberg
- w9321 November 2002 Asset Price Inflation and Monetary Policy
Anna J. Schwartz
- w9322 November 2002 How Country and Safety-Net Characteristics Affect Bank Risk-Shifting
Armen Hovakimian, Edward J. Kane, and Luc Laeven
- w9323 November 2002 Bank Regulation and Supervision: What Works Best?
James R. Barth, Gerard Caprio, Jr., and Ross Levine
- w9324 November 2002 Institutional Efficiency, Monitoring Costs, and the Investment Share of FDI
Joshua Aizenman and Mark M. Spiegel
- w9315 November 2002 Credibility and Policy Convergence: Evidence from U.S. House Roll Call Voting Records
David S. Lee, Enrico Moretti, and Matthew J. Butler
- w9316 November 2002 Human Capital Spillovers in Manufacturing: Evidence from Plant-Level Production Functions
Enrico Moretti
- w9312 November 2002 The Flight-to-Liquidity Premium in U.S. Treasury Bond Prices
Francis A. Longstaff
- w9313 November 2002 The Wage Structure and the Sorting of Workers into the Public Sector
George J. Borjas
- w9314 November 2002 The Correlation of Wealth Across Generations
Kerwin Kofi Charles and Erik Hurst
- w9311 November 2002 Technological Development and Medical Productivity: The Diffusion of Angioplasty in New York State
David M. Cutler and Robert S. Huckman
- w9308 November 2002 Did the 2001 Tax Rebate Stimulate Spending? Evidence from Taxpayer Surveys
Matthew D. Shapiro and Joel Slemrod
- t0284 November 2002 Testing for Weak Instruments in Linear IV Regression
James H. Stock and Motohiro Yogo
- w9309 November 2002 The Corporate Governance Role of the Media
Alexander Dyck and Luigi Zingales
- w9310 November 2002 Who Goes to College? Differential Enrollment by Race and Family Background
Sandra E. Black and Amir Sufi
- w9304 November 2002 Bubbles and Capital Flows
Jaume Ventura
- w9305 November 2002 Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development
Dani Rodrik, Arvind Subramanian, and Francesco Trebbi
- w9306 November 2002 Is There a Role for Discretionary Fiscal Policy?
Alan Auerbach
- w9307 November 2002 Accountability , Ability and Disability: Gaming the System
David N. Figlio and Lawrence S. Getzler
- w9303 November 2002 The Dual Effects of Intellectual Property Regulations: Within- and Between- Patent Competition in the US Pharmaceuticals Industry
Frank R. Lichtenberg and Tomas J. Philipson
- w9302 November 2002 The "Arms Race" on American Roads: The Effect of Heavy Vehicles on Traffic Safety and the Failure of Liability Rules
Michelle J. White
- w9301 November 2002 Stochastic Taxation and Asset Pricing in Dynamic General Equilibrium
Clemens Sialm
- w9300 November 2002 Outsourcing versus FDI in Industry Equilibrium
Gene M. Grossman and Elhanan Helpman
- t0283 October 2002 Simple and Bias-Corrected Matching Estimators for Average Treatment Effects
Alberto Abadie and Guido W. Imbens
- w9298 October 2002 Sources of Bias and Solutions to Bias in the CPI
Jerry Hausman
- w9299 October 2002 Health Insurance on the Internet and the Economics of Search
Mark V. Pauly, Bradley Herring, and David Song
- w9292 October 2002 Financial Globalization and Real Regionalization
Jonathan Heathcote and Fabrizio Perri
- w9293 October 2002 Home and Host Country Effects of FDI
Robert E. Lipsey
- w9294 October 2002 Real Exchange Rate Targeting and Macroeconomic Instability
Martin Uribe
- w9295 October 2002 Media Bias
Sendhil Mullainathan and Andrei Shleifer
- w9296 October 2002 China's Investment in Human Capital
James J. Heckman
- w9297 October 2002 Financial Crises and Reform of the International Financial System
Stanley Fischer
- w9288 October 2002 Financial Globalization and Emerging Markets: With or Without Crash?
Philippe Martin and Helene Rey
- w9289 October 2002 Employee Stock Options, Corporate Taxes and Debt Policy
John R. Graham, Mark H. Lang, and Douglas A. Shackelford
- w9290 October 2002 Agglomeration, Integration and Tax Harmonization
Richard E. Baldwin and Paul Krugman
- w9291 October 2002 The Role of Output Stabilization in the Conduct of Monetary Policy
Frederic S. Mishkin
- t0282 October 2002 Solving Dynamic General Equilibrium Models Using a Second-Order Approximation to the Policy Function
Stephanie Schmitt-Grohe and Martin Uribe
- w9285 October 2002 A Gravity Model of Sovereign Lending: Trade, Default and Credit
Andrew K. Rose and Mark M. Spiegel
- w9286 October 2002 Margin Calls, Trading Costs, and Asset Prices in Emerging Markets: The Finanical Mechanics of the 'Sudden Stop' Phenomenon
Enrique G. Mendoza and Katherine A. Smith
- w9287 October 2002 Digital Dispersion: An Industrial and Geographic Census of Commerical Internet Use
Chris Forman, Avi Goldfarb, and Shane Greenstein
- w9281 October 2002 Is Health Insurance Affordable for the Uninsured?
M. Kate Bundorf and Mark V. Pauly
- w9282 October 2002 After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies
Karla Hoff and Joseph E. Stiglitz
- w9283 October 2002 Prices vs. Quantities vs. Tradable Quantities
Roberton Williams
- w9284 October 2002 The Benefits of the Home Mortgage Interest Deduction
Edward L. Glaeser and Jesse M. Shapiro
- w9277 October 2002 Anomalies and Market Efficiency
G. William Schwert
- w9279 October 2002 Mergers as Reallocation
Boyan Jovanovic and Peter L. Rousseau
- w9280 October 2002 Does Medicare Benefit the Poor? New Answers to an Old Question
Jay Bhattacharya and Darius Lakdawalla
- w9278 October 2002 The Stability and Growth Pact as an Impediment to Privatizing Social Security
Assaf Razin and Efraim Sadka
- w9276 October 2002 Still Fettered After All These Years
Barry Eichengreen
- w9275 October 2002 Mutual Fund Flows and Performance in Rational Markets
Jonathan B. Berk and Richard C. Green
- w9270 October 2002 Closing Small Open Economy Models
Stephanie Schmitt-Grohe and Martin Uribe
- w9271 October 2002 Federal Terrorism Risk Insurance
Jeffrey R. Brown, Randall S. Kroszner, and Brian H. Jenn
- w9272 October 2002 Information Technology Externalities: Empirical Evidence from 42 U.S. Industries
Sung-Bae Mun and M. Ishaq Nadiri
- w9273 October 2002 Do We Really Know that the WTO Increases Trade?
Andrew K. Rose
- w9274 October 2002 The Evolution of Economic Understanding and Postwar Stabilization Policy
Christina D. Romer and David H. Romer
- w9262 October 2002 Determinants of Real House Price Dynamics
Dennis R. Capozza, Patric H. Hendershott, Charlotte Mack, and Christopher J. Mayer
- w9263 October 2002 How Important are Classroom Peer Effects? Evidence from Boston's Metco Program
Joshua D. Angrist and Kevin Lang
- w9264 October 2002 What is the Price of Hubris? Using Takeover Battles to Infer Overpayments and Synergies
Pekka Hietala, Steven N. Kaplan, and David T. Robinson
- w9265 October 2002 Short and Long Run Decompositions of OECD Wage Inequality Changes
T. Huw Edwards and John Whalley
- w9266 October 2002 The High Demand for International Reserves in the Far East: What's Going On?
Joshua Aizenman and Nancy Marion
- w9267 October 2002 Decomposing Productivity Growth in the U.S. Computer Industry
Hyunbae Chun and M. Ishaq Nadiri
- w9268 October 2002 Asset Allocation and Asset Location: Household Evidence from the Survey of Consumer Finances
Daniel Bergstresser and James Poterba
- w9258 October 2002 Redistribution Policy: A European Model
Alessandra Casella
- w9259 October 2002 Factor Endowments, Inequality, and Paths of Development Among New World Economics
Stanley L. Engerman and Kenneth L. Sokoloff
- w9260 October 2002 Transparency and International Investor Behavior
R. Gaston Gelos and Shang-Jin Wei
- w9261 October 2002 Exchange Rates and Casualties During the First World War
George J. Hall
- w9269 October 2002 Competition and Innovation: An Inverted U Relationship
Philippe Aghion, Nicholas Bloom, Richard Blundell, Rachel Griffith, and Peter Howitt
- w9257 October 2002 The Great Exchange Rate Debate After Argentina
Sebastian Edwards
- w9253 October 2002 Corporate Demand for Liquidity
Heitor Almeida, Murillo Campello, and Michael S. Weisbach
- w9254 October 2002 The Labour Market in the New Information Economy
Richard B. Freeman
- w9255 October 2002 The Role of Information in Driving FDI: Theory and Evidence
Assaf Razin, Ashoka Mody, and Efraim Sadka
- w9256 October 2002 Redistribution and Insurance: Mandatory Annuitization with Mortality Heterogeneity
Jeffrey R. Brown
- w9252 October 2002 Firm-Specific Resources, Financial-Market Development and the Growth of U.S. Multinationals
Susan Feinberg and Gordon Phillips
- w9251 October 2002 Financial Market Runs
Antonio E. Bernardo and Ivo Welch
- w9248 October 2002 Optimal Drug Policy in Low-Income Neighborhoods
Sheng-Wen Chang, N. Edward Coulson, and Ping Wang
- w9249 October 2002 Rational Addiction, Peer Externalities and Long Run Effects of Public Policy
Donald S. Kenkel, Robert R. Reed III, and Ping Wang
- w9250 October 2002 The Role of Company Stock in Defined Contribution Plans
Olivia S. Mitchell and Stephen P. Utkus
- w9246 October 2002 Information Content of Equity Analyst Reports
Paul Asquith, Michael B. Mikhail, and Andrea S. Au
- w9247 October 2002 An Economic Analysis of Adult Obesity: Results from the Behavioral Risk Factor Surveillance System
Shin-Yi Chou, Michael Grossman, and Henry Saffer
- w9244 October 2002 I Did What Last Night?!!! Adolescent Risky Sexual Behaviors and Substance Use
Michael Grossman and Sara Markowitz
- w9245 October 2002 The Effect of Cigarette Excise Taxes on Smoking Before, During and After Pregnancy
Greg Coleman, Michael Grossman, and Ted Joyce
- w9242 September 2002 International Migration, Self-Selection, and the Distribution of Wages: Evidence from Mexico and the United States
Daniel Chiquiar and Gordon H. Hanson
- w9243 September 2002 Frictions and Tax-Motivated Hedging: An Empirical Exploration of Publicly-Traded Exchangeable Securities
William Gentry and David M. Schizer
- w9238 September 2002 Access to Physician Services: Does Supplemental Insurance Matter? Evidence from France
Thomas C. Buchmueller, Agnès Couffinhal, Michel Grignon, and Marc Perronin
- w9239 September 2002 Political Ideology and Endogenous Trade Policy: An Empirical Investigation
Pushan Dutt and Devashish Mitra
- w9240 September 2002 Decomposing the Twin-peaks in the World Distribution of Output-per-worker
Paul Beaudry, Fabrice Collard, and David A. Green
- w9241 September 2002 The Persistence of Emerging Market Equity Flows
Jessica Tjornhom Donohue and Kenneth A. Froot
- w9234 September 2002 Marrying Your Mom: Preference Transmission and Women's Labor and Education Choices
Raquel Fernandez, Alessandra Fogli, and Claudia Olivetti
- w9235 September 2002 Short-Run Money Demand
Laurence Ball
- w9236 September 2002 Food Insecurity and Public Assistance
George J. Borjas
- w9237 September 2002 People's Opium? Religion and Economic Attitudes
Luigi Guiso, Paola Sapienza, and Luigi Zingales
- w9233 September 2002 A New World Order: Explaining the Emergence of the Classical Gold Standard
Christopher M. Meissner
- w9232 September 2002 Gary Becker's Contributions to Family and Household Economics
Robert A. Pollak
- w9231 September 2002 The Timing of Childbearing among Heterogeneous Women in Dynamic General Equilibrium
Charles H. Mullin and Ping Wang
- w9230 September 2002 Suppressing Asset Price Inflation: The Confederate Experience, 1861-1865
Marc D. Weidenmier and Richard C.K. Burdekin
- w9229 September 2002 "Napsterizing" Pharmaceuticals: Access, Innovation, and Consumer Welfare
James W. Hughes, Michael J. Moore, and Edward A. Snyder
- w9226 September 2002 The Effects of Progressive Income Taxation on Job Turnover
William M. Gentry and R. Glenn Hubbard
- w9227 September 2002 Slavery and the Intergenerational Transmission of Human Capital
Bruce Sacerdote
- w9228 September 2002 Financial Aid Packages and College Enrollment Decisions: An Econometric Case Study
David M. Linsenmeier, Harvey S. Rosen, and Cecilia Elena Rouse
- w9225 September 2002 Why Do Employers Pay For College?
Peter Cappelli
- w9221 September 2002 A Fiscal Theory of Sovereign Risk
Martin Uribe
- w9222 September 2002 A Survey of Behavioral Finance
Nicholas Barberis and Richard Thaler
- w9223 September 2002 Borders and Growth
Enrico Spolaore and Romain Wacziarg
- w9224 September 2002 Chains of Ownership, Regional Tax Competition, and Foreign Direct Investment
Mihir A. Desai, C. Fritz Foley, and James R. Hines Jr.
- w9215 September 2002 Insurance, Self-Protection, and the Economics of Terrorism
Darius Lakdawalla and George Zanjani
- w9216 September 2002 Get High and Get Stupid: The Effect of Alcohol and Marijuana Use on Teen Sexual Behavior
Michael Grossman, Robert Kaestner, and Sara Markowitz
- w9217 September 2002 The Time Series of the Cross Section of Asset Prices
Lior Menzly, Tano Santos, and Pietro Veronesi
- w9218 September 2002 Consistent Expectations, Rational Expectations, Multiple-Solution Indeterminacies, and Least-Squares Learnability
Bennett T. McCallum
- w9219 September 2002 Boom-Bust Cycles in Middle Income Countries: Facts and Explanation
Aaron Tornell and Frank Westermann
- w9220 September 2002 Optimal Fiscal and Monetary Policy Under Sticky Prices
Stephanie Schmitt-Grohe and Martin Uribe
- w9203 September 2002 The Role for Discretionary Fiscal Policy in a Low Interest Rate Environment
Martin Feldstein
- w9204 September 2002 FDI Contribution to Capital Flows and Investment in Capacity
Assaf Razin
- w9205 September 2002 What is the Tradeoff Between Smaller Classes and Teacher Quality?
Christopher Jepsen and Steven Rivkin
- w9206 September 2002 Competition, Payer, and Hospital Quality
Gautam Gowrisankaran and Robert Town
- w9201 September 2002 Is Trade Good or Bad for the Environment? Sorting Out the Causality
Jeffrey A. Frankel and Andrew K. Rose
- w9202 September 2002 Does Income Inequality Lead to Consumption Inequality? Evidence and Theory
Dirk Krueger and Fabrizio Perri
- w9214 September 2002 Valuing and Pricing Retail Leases with Renewal and Overage Options
Patric H. Hendershott and Charles W.R. Ward
- w9213 September 2002 Orphans in Africa
Anne Case, Christina Paxson, and Joseph Ableidinger
- w9212 September 2002 University Research, Industrial R&D, and the Anchor Tenant Hypothesis
Ajay Agrawal and Iain M. Cockburn
- w9211 September 2002 A Brazilian Debt-Crisis Model
Assaf Razin and Efraim Sadka
- w9210 September 2002 The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security
Andrew B. Abel
- w9209 September 2002 Networks or Neighborhoods? Correlations in the Use of Publicly-Funded Maternity Care in California
Anna Aizer and Janet Currie
- w9208 September 2002 Can Free Entry be Inefficient? Fixed Commissions and Social Waste in the Real Estate Industry
Chang-Tai Hsieh and Enrico Moretti
- w9207 September 2002 Household Leverage and the Deductibility of Home Mortgage Interest: Evidence from UK House Purchasers
Patric H. Hendershott, Dr. Gwilyn Pryce, and Dr. Michael White
- w9150 September 2002 The Injustice of Inequality
Edward L. Glaeser and Andrei Shleifer
- t0281 September 2002 Affine Processes and Application in Finance
D. Duffie, D. Filipovic, and W. Schachermayer
- w9200 September 2002 Do Trust and Trustworthiness Pay Off?
Joel Slemrod and Peter Katuscak
- t0280 September 2002 Identification and Inference in Nonlinear Difference-In-Differences Models
Susan Athey and Guido W. Imbens
- w9199 September 2002 Integration of Unemployment Insurance with Retirement Insurance
Joseph Stiglitz and Jungyoll Yun
- w9196 September 2002 Precautionary Saving and Consumption Fluctuations
Jonathan Parker and Bruce Preston
- w9197 September 2002 The Impact of Income on Mortality: Evidence from the Social Security Notch
Stephen E. Snyder and William N. Evans
- w9198 September 2002 The Social and Economic Impact of Native American Casinos
William N. Evans and Julie H. Topoleski
- w9191 September 2002 Vertical Integration and Distance to Frontier
Daron Acemoglu, Philippe Aghion, and Fabrizio Zilibotti
- w9192 September 2002 Modest Policy Interventions
Eric M. Leeper and Tao Zha
- w9193 September 2002 Abortion Legalization and Adolescent Substance Use
Kerwin Kofi Charles and Melvin Stephens Jr.
- w9194 September 2002 Flexibility and Job Creation: Lessons for Germany
James J. Heckman
- w9195 September 2002 Understanding Individual Account Guarantees
Marie-Eve Lachance and Olivia S. Mitchell
- w9190 September 2002 Sargent-Wallace Meets Krugman-Flood-Garber, or: Why Sovereign Debt Swaps Don't Avert Macroeconomic Crises
Joshua Aizenman, Kenneth M. Kletzer, and Brian Pinto
- w9185 September 2002 The Effect of Education on Medical Technology Adoption: Are the More Educated More Likely to Use New Drugs
Adriana Lleras-Muney and Frank R. Lichtenberg
- w9186 September 2002 Why World Redistribution Fails
Wojciech Kopczuk, Joel Slemrod, and Shlomo Yitzhaki
- w9187 September 2002 Trust in Public Finance
Joel Slemrod
- w9188 September 2002 The Trick is to Live: Is the Estate Tax Social Security for the Rich?
Wojciech Kopczuk
- w9189 September 2002 Storable Votes
Alessandra Casella
- w9183 September 2002 The Social Security Early Entitlement Age in a Structural Model of Retirement and Wealth
Alan L. Gustman and Thomas L. Steinmeier
- w9184 September 2002 Decomposing Wage Inequality Change Using General Equilibrium Models
Lisandro Abrego and John Whalley
- w9181 September 2002 Why Did the Tariff-Growth Correlation Reverse After 1950?
Michael A. Clemens and Jeffrey G. Williamson
- w9182 September 2002 Path Dependence and the Origins of Cotton Textile Manufacturing in New England
Joshua L. Rosenbloom
- w9179 September 2002 How to Protect Future Generations Using Tax Base Restrictions
Antonio Rangel
- w9180 September 2002 Changing Labor Market Opportunities for Women and the Quality of Teachers 1957-1992
Sean P. Corcoran, William N. Evans, and Robert S. Schwab
- w9178 September 2002 Bond Risk Premia
John H. Cochrane and Monika Piazzesi
- w9174 September 2002 Coordination, Fair Treatment and Inflation Persistence
John C. Driscoll and Steinar Holden
- w9175 September 2002 Efficient Patent Pools
Josh Lerner and Jean Tirole
- w9176 September 2002 Real Shock, Monetary Aftershock: The San Francisco Earthquake and the Panic of 1907
Kerry A. Odell and Marc D. Weidenmier
- w9177 September 2002 Large Portfolio Losses
Amir Dembo, Jean-Deominique Deuschel, and Darrell Duffie
- w9165 September 2002 Are Politicians Really Paid Like Bureaucrats?
Rafael Di Tella and Raymond Fisman
- w9166 September 2002 The Role of Economic Policy in Social Security Reform: Perspectives from the President's Commission
John F. Cogan and Olivia S. Mitchell
- w9167 September 2002 Did Blue Cross and Blue Shield Suffer from Adverse Selection? Evidence from the 1950s
Melissa A. Thomasson
- w9168 September 2002 Welfare Programs and Labor Supply
Robert Moffitt
- w9169 September 2002 The Gains from Trade with Monopolistic Competition: Specification, Estimation, and Mis-Specification
Huiwen Lai and Daniel Trefler
- w9170 September 2002 Survival of the Best Fit: Competition from Low Wage Countries and the (Uneven) Growth of US Manufacturing Plants
Andrew B. Bernard, J. Bradford Jensen, and Peter K. Schott
- w9171 September 2002 The Political Economy of Hatred
Edward L. Glaeser
- w9172 September 2002 Catholic Schools and Bad Behavior: A Propensity Score Matching Analysis
H. Naci Mocan and Erdal Tekin
- w9173 September 2002 A Renaissance Instrument to Support Nonprofits: The Sale of Private Chapels in Florentine Churches
Jonathan Katz Nelson and Richard J. Zeckhauser
- w9152 September 2002 Estimates from a Consumer Demand System: Implications for the Incidence of Environmental Taxes
Sarah E. West and Roberton C. Williams III
- w9153 September 2002 The Social Multiplier
Edward L. Glaeser, Bruce I. Sacerdote, and Jose A. Scheinkman
- w9154 September 2002 International Reserve Holdings with Sovereign Risk and Costly Tax Collection
Joshua Aizenman and Nancy P. Marion
- w9155 September 2002 The Welfare Implications of Increasing Disability Insurance Benefit Generosity
John Bound, Julie Berry Cullen, Austin Nichols, and Lucie Schmidt
- w9156 September 2002 The Market for Corporate Law
Oren Bar-Gill, Michal Barzuza, and Lucian Bebchuk
- w9157 September 2002 Does Managerial 'Outsourcing' Reduce Expense Preference Behavior? A Comparison of Adopters and Non-Adopters of Contract-Management in US Hospitals
Kathleen Carey and Avi Dor
- w9158 September 2002 Liquidity, Efficiency and Bank Bailouts
Gary Gorton and Lixin Huang
- w9164 September 2002 International Financial Integration and Economic Growth
Hali J. Edison, Ross Levine, Luca Ricci, and Torsten Slok
- w9163 September 2002 Towards a Theory of Current Accounts
Jaume Ventura
- w9161 September 2002 Winners and Losers Over Two Centuries of Globalization
Jeffrey G. Williamson
- w9162 September 2002 Vertical Networks and US Auto Parts Exports: Is Japan Different?
Keith Head, John Ries, and Barbara J. Spencer
- w9160 September 2002 A Brazilian Debt-Crisis
Assaf Razin and Efraim Sadka
- w9159 September 2002 What Fundamentals Drive World Migration?
Timothy J. Hatton and Jeffrey G. Williamson
- w9151 September 2002 Do Mergers Lead to Monopoly in the Long Run? Results from the Dominant Firm Model
Gautam Gowrisankaran and Thomas J. Holmes
- w9149 September 2002 The New York School vs. the School of Paris: Who Really Made the Most Important Art After World War II?
David Galenson
- w9145 September 2002 Using Heteroscedasticity to Estimate the Returns to Education
Vincent Hogan and Roberto Rigobon
- w9146 September 2002 The Illiquidity Puzzle: Theory and Evidence from Private Equity
Josh Lerner and Antoinetter Schoar
- w9147 September 2002 Crises in the Global Economy from Tulips to Today: Contagion and Consequences
Larry Neal and Marc Weidenmier
- w9148 September 2002 Health Insurance Coverage and the Disability Insurance Application Decision
Jonathan Gruber and Jeffrey Kubik
- w9137 September 2002 Banking Panics and the Origin of Central Banking
Gary Gorton and Lixin Huang
- w9144 September 2002 Household Demand for Employer-Based Health Insurance
Jean Marie Abraham, William B. Vogt, and Martin Gaynor
- w9142 September 2002 Expected Bequests and Their Distribution
Michael Hurd and James P. Smith
- w9143 September 2002 Spurious Regressions in Financial Economics?
Wayne E. Ferson, Sergei Sarkissian, and Timothy Simin
- w9141 September 2002 The Impact and Inefficiency of the Corporate Income Tax: Evidence from State Organizational Form Data
Austan Goolsbee
- w9140 September 2002 The Effects of Subjective Survival on Retirement and Social Security Claiming
Michael D. Hurd, James P. Smith, and Julie M. Zissimopoulos
- w9139 September 2002 The Effect of Changes in Drug Utilization on Labor Supply and Per Capita Output
Frank R. Lichtenberg
- w9138 September 2002 Bank-Based or Market-Based Financial Systems: Which is Better?
Ross Levine
- w9131 August 2002 Investor Behavior and the Purchase of Company Stock in 401(k) Plans - The Importance of Plan Design
Nellie Liang and Scott Weisbenner
- w9132 August 2002 Optimal Long-Run Fiscal Policy: Constraints, Preferences and the Resolution of Uncertainty
Alan J. Auerbach and Kevin A. Hassett
- w9127 August 2002 Has the Business Cycle Changed and Why?
James H. Stock and Mark W. Watson
- w9128 August 2002 Wealth Portfolios in the UK and the US
James Banks, Richard Blundell, and James P. Smith
- w9129 August 2002 Feasible Globalizations
Dani Rodrik
- w9130 August 2002 Modeling Health Insurance Expansions: Effects of Alternate Approaches
Dahlia K. Remler, Joshua Graff Zivin, and Sherry A. Glied
- w9136 August 2002 Tax Distortions and Global Climate Policy
Mustafa H. Babiker, Gilbert E. Metcalf, and John Reilly
- w9135 August 2002 '3rd of tha Month': Do Social Security Recipients Smooth Consumption Between Checks?
Melvin Stephens Jr.
- w9134 August 2002 In Search of the Holy Grail: Policy Convergence, Experimentation, and Economic Performance
Sharun Mukand and Dani Rodrik
- w9133 August 2002 The Measured Black-White Wage Gap Among Women is Too Small
Derek Neal
- w9124 August 2002 Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth
Daron Acemoglu, Simon Johnson, James Robinson, and Yunyong Thaicharoen
- w9126 August 2002 Does Confidential Proxy Voting Matter?
Roberta Romano
- w9125 August 2002 Optimal Pollution Abatement - Whose Benefits Matter, and How Much?
Wayne B. Gray and Ronald J. Shadbegian
- w9123 August 2002 Careers and Canvases: The Rise of the Market for Modern Art in the Nineteenth Century
David W. Galenson and Robert Jensen
- w9121 August 2002 Knowledge Creation and Control in Organizations
Diego Puga and Daniel Trefler
- w9122 August 2002 Foreign Entry into U.S. Manufacturing by Takeovers and the Creation of New Firms
Robert E. Lipsey and Zadia Feliciano
- w9120 August 2002 The Link Between Aggregate and Micro Productivity Growth: Evidence from Retail Trade
Lucia Foster, John Haltiwanger, and C.J. Krizan
- w9115 August 2002 International Joint Ventures and the Boundaries of the Firm
Mihir A. Desai, C. Fritz Foley, and James R. Hines Jr.
- w9116 August 2002 Sharpening Sharpe Ratios
William Goetzmann, Jonathan Ingersoll, Matthew I. Spiegel, and Ivo Welch
- w9117 August 2002 When Economic Reform Goes Wrong: Cashews in Mozambique
Margaret McMillan, Dani Rodrik, and Karen Horn Welch
- w9118 August 2002 Exchange Rates and Adjustment: Perspectives from the New Open Economy Macroeconomics
Maurice Obstfeld
- w9119 August 2002 The Declining Effects of OSHA Inspections on Manufacturing Injuries: 1979 to 1998
Wayne B. Gray and John Mendeloff
- w9113 August 2002 Market Size Matters
Jeffrey R. Campbell and Hugo A. Hopenhayn
- w9114 August 2002 The Political Economy of Intellectual Property Treaties
Suzanne Scotchmer
- w9109 August 2002 Entrepreneurship
Edward P. Lazear
- w9110 August 2002 Importing Equality? The Impact of Globalization on Gender Discrimination
Sandra E. Black and Elizabeth Brainerd
- w9112 August 2002 From Sectoral to Functional Urban Specialization
Gilles Duranton and Diego Puga
- w9111 August 2002 Understanding Mutual Fund and Hedge Fund Styles Using Return Based Style Analysis
Arik Ben Dor and Ravi Jagannathan
- w9105 August 2002 How Prevalent is Tax Arbitrage? Evidence from the Market for Municipal Bonds
Merle Erickson, Austan Goolsbee, and Edward Maydew
- w9106 August 2002 Tropics, Germs, and Crops: How Endowments Influence Economic Development
William Easterly and Ross Levine
- w9107 August 2002 Firms' Decisions Where to Incorporate
Lucian Bebchuk and Alma Cohen
- w9108 August 2002 Estimating the Social Return to Higher Education: Evidence From Longitudinal and Repeated Cross-Sectional Data
Enrico Moretti
- t0278 August 2002 Econometric Methods for Endogenously Sampled Time Series: The Case of Commodity Price Speculation in the Steel Market
George Hall and John Rust
- t0279 August 2002 Parametric and Nonparametric Volatility Measurement
Torben G. Andersen, Tim Bollerslev, and Francis X. Diebold
- w9102 August 2002 Bank Panics and the Endogeneity of Central Banking
Gary Gorton and Lixin Huang
- w9103 August 2002 Dynamic Asset Allocation With Event Risk
Jun Liu, Francis A. Longstaff, and Jun Pan
- w9104 August 2002 R&D, Implementation and Stagnation: A Schumpeterian Theory of Convergence Clubs
Peter Howitt and David Mayer-Foulkes
- w9100 August 2002 Capital Account Liberalization and Economic Performance: Survey and Synthesis
Hali J. Edison, Michael W. Klein, Luca Ricci, and Torsten Sloek
- w9101 August 2002 Currency Returns, Institutional Investor Flows, and Exchange Rate Fundamentals
Kenneth A. Froot and Tarun Ramadorai
- w9099 August 2002 An Intergenerational Model of Domestic Violence
Robert A. Pollak
- w9097 August 2002 An Assessment of the Proposals of the President's Commission to Strengthen Social Security
Peter A. Diamond and Peter R. Orszag
- w9098 August 2002 Socioeconomic Status and Health: Why is the Relationship Stronger for Older Children?
Janet Currie and Mark Stabile
- w9095 August 2002 How Do Large Depreciations Affect Firm Performance?
Kristin J. Forbes
- w9096 August 2002 Does It Pay to Work?
Jagadeesh Gokhale, Laurence J. Kotlikoff, and Alexi Sluchynsky
- w9091 August 2002 Does Contracting Out Increase the Efficiency of Government Programs? Evidence from Medicaid HMOs
Mark Duggan
- w9092 August 2002 Annuities for an Ageing World
Olivia S. Mitchell and David McCarthy
- w9093 August 2002 Is There an Effect of Incremental Welfare Benefits on Fertility Behavior? A Look at the Family Cap
Melissa Schettini Kearney
- w9094 August 2002 Using Mandated Speed Limits to Measure the Value of a Statistical Life
Orley Ashenfelter and Michael Greenstone
- w9087 August 2002 Defining Benchmark Status: An Application using Euro-Area Bonds
Peter G. Dunne, Michael J. Moore, and Richard Portes
- w9088 August 2002 Why Do School District Budget Referenda Fail?
Ronald G. Ehrenberg, Randy A. Ehrenberg, Christopher L. Smith, and Liang Zhang
- w9089 August 2002 Law, Endowment, and Finance
Thorsten Beck, Asli Demirguc-Kunt, and Ross Levine
- w9090 August 2002 The Impact of Internet Subsidies in Public Schools
Austan Goolsbee and Jonathan Guryan
- w9086 July 2002 Trade with Labor Market Distortions and Heterogeneous Labor: Why Trade Can Hurt
Kala Krishna, Abhiroop Mukhopadhyay, and Cemile Yavas
- w9083 July 2002 Learning-By-Doing Vs. On-the-Job Training: Using Variation Induced by the EITC to Distinguish Between Models of Skill Formation
James Heckman, Lance Lochner, and Ricardo Cossa
- w9084 July 2002 The Price Level, the Quantity Theory of Money, and the Fiscal Theory of the Price Level
David B. Gordon and Eric M. Leeper
- w9085 July 2002 Measuring Prices and Price Competition Online: Amazon and Barnes and Noble
Austan Goolsbee and Judith Chevalier
- w9080 July 2002 Currency Returns, Institutional Investor Flows, and Exchange Rate Fundamentals
Kenneth A. Froot and Tarun Ramadorai
- w9081 July 2002 Work and Play: International Evidence of Gender Equality in Employment and Sports
Michael W. Klein
- w9082 July 2002 Stock Markets, Banks, and Growth: Panel Evidence
Thorsten Beck and Ross Levine
- w9076 July 2002 The Home Market Effect and Bilateral Trade Patterns
Gordon H. Hanson and Chong Xiang
- w9077 July 2002 Competitive Equilibria With Limited Enforcement
Patrick J. Kehoe and Fabrizio Perri
- w9078 July 2002 The Case Against Board Veto in Corporate Takeovers
Lucian Arye Bebchuk
- w9079 July 2002 Decomposing the Persistence of International Equity Flows
Kenneth A. Froot and Jessica D. Tjornhom
- w9075 July 2002 Foreign Currency for Long-Term Investors
John Y. Campbell, Luis M. Viceira, and Joshua S. White
- w9067 July 2002 Intertemporal State Budgeting
Bruce Baker, Daniel Besendorfer, and Laurence J. Kotlikoff
- w9073 July 2002 Price Uncertainty, Tax Policy, and Addiction: Evidence and Implications
Mark Coppejans and Holger Sieg
- w9074 July 2002 Education, Poverty, Political Violence and Terrorism: Is There a Causal Connection?
Alan B. Krueger and Jitka Maleckova
- w9072 July 2002 Optimal Currency Areas
Alberto Alesina, Robert J. Barro, and Silvana Tenreyro
- w9071 July 2002 The Long Run Importance of School Quality
Eric A. Hanushek
- w9070 July 2002 Institutional Allocation In Initial Public Offerings: Empirical Evidence
Reena Aggarwal, Nagpurnanand R. Prabhala, and Manju Puri
- w9069 July 2002 Some Evidence on the Importance of Sticky Prices
Mark Bils and Peter J. Klenow
- w9068 July 2002 Managerial Power and Rent Extraction in the Design of Executive Compensation
Lucian Arye Bebchuk, Jesse M. Fried, and David I. Walker
- w9064 July 2002 Academic Earmarks and the Returns to Lobbying
John M. de Figueiredo and Brian S. Silverman
- w9065 July 2002 How's Life? Combining Individual and National Variables to Explain Subjective Well-Being
John F. Helliwell
- w9066 July 2002 Distance to Frontier, Selection, and Economic Growth
Daron Acemoglu, Philippe Aghion, and Fabrizio Zilibotti
- w9060 July 2002 Does Sales-only Apportionment of Corporate Income Violate the GATT?
Charles E. McLure, Jr. and Walter Hellerstein
- w9061 July 2002 Carrots, Sticks and Broken Windows
Hope Corman and Naci Mocan
- w9062 July 2002 Identifying the Efficacy of Central Bank Interventions: The Australian Case
Jonathan Kearns and Roberto Rigobon
- w9063 July 2002 Empirical Analysis of Policy Interventions
Eric M. Leeper and Tao Zha
- w9056 July 2002 On the Relationship Between the Conditional Mean and Volatility of Stock Returns: A Latent VAR Approach
Michael W. Brandt and Qiang Kang
- w9057 July 2002 Expectations and Expatriations: Tracing the Causes and Consequences of Corporate Inversions
Mihir A. Desai and James R. Hines Jr.
- w9058 July 2002 Using Discontinuous Eligibility Rules to Identify the Effects of the Federal Medicaid Expansions on Low Income Children
David Card and Lara D. Shore-Sheppard
- w9059 July 2002 Managing Option Fragility
Brian J. Hall and Thomas A. Knox
- w9052 July 2002 Factor Price Equalization in the UK?
Andrew B. Bernard, Stephen Redding, Peter K. Schott, and Helen Simpson
- w9053 July 2002 Cheap Labor Meets Costly Capital: The Impact of Devaluations on Commodity Firms
Kristin J. Forbes
- w9054 July 2002 Using Market Valuation to Assess Public School Spending
Lisa Barrow and Cecilia Elena Rouse
- w9055 July 2002 The Evidence on Credit Constraints in Post-Secondary Schooling
Pedro Carneiro and James J. Heckman
- w9046 July 2002 Optimal Progressive Capital Income Taxes in the Infinite Horizon Model
Emmanuel Saez
- w9051 July 2002 The Role of the Family in Immigrants' Labor-Market Activity: Evidence from the United States
Francine D. Blau, Lawrence M. Kahn, Joan Y. Moriarty, and Andre Portela Souza
- w9049 July 2002 Evaluating Value Weighting: Corporate Events and Market Timing
Owen A. Lamont
- w9050 July 2002 Moral Hazard in Reinsurance Markets
Neil Doherty and Kent Smetters
- w9047 July 2002 Pricing Currency Risk: Facts and Puzzles from Currency Boards
Sergio L. Schmukler and Luis Serven
- w9048 July 2002 Sales and Consumer Inventory
Igal Hendel and Aviv Nevo
- w9043 July 2002 Labor Market Institutions and Demographic Employment Patterns
Giuseppe Bertola, Francine D. Blau, and Lawrence M. Kahn
- w9044 July 2002 Closing the Gap or Widening the Divide: The Effects of the G.I. Bill and World War II on the Educational Outcomes of Black Americans
Sarah E. Turner and John Bound
- w9045 July 2002 The New Social Security Commission Personal Accounts: Where Is the Investment Principal?
Alan L. Gustman and Thomas L. Steinmeier
- w9040 July 2002 The Failure of Input-based Schooling Policies
Eric A. Hanushek
- w9041 July 2002 Relational Costs and the Production of Social Capital: Evidence from Carpooling
Kerwin Charles and Patrick Kline
- w9042 July 2002 Ethnic Differences in Demographic Behavior in the United States: Has There Been Convergence?
Michael R. Haines
- w9038 July 2002 Drug Treatment as a Crime Fighting Tool
Mireia Jofre-Bonet and Jody L. Sindelar
- w9039 July 2002 A Theory of the Currency Denomination of International Trade
Philippe Bacchetta and Eric van Wincoop
- w9037 July 2002 Ethnicity, Language, and Workplace Segregation: Evidence from a New Matched Employer-Employee Data Set
Judith K. Hellerstein and David Neumark
- w9036 July 2002 Employee Costs and the Decline in Health Insurance Coverage
David M. Cutler
- w9035 June 2002 When Can Partial Public Insurance Produce Pareto Improvements?
Amy Finkelstein
- w9029 June 2002 Beyond Markets and Hierarchies: Toward a New Synthesis of American Business History
Naomi R. Lamoreaux, Daniel M.G. Raff, and Peter Temin
- w9030 June 2002 Current Accounts in the Long and Short Run
Aart Kraay and Jaume Ventura
- w9031 June 2002 The Interaction of Partial Public Insurance Programs and Residual Private Insurance Markets: Evidence from the U.S. Medicare Program
Amy Finkelstein
- w9032 June 2002 Is There an Optimal Industry Financial Structure?
Peter MacKay and Gordon M. Phillips
- w9033 June 2002 Is Retirement Depressing?: Labor Force Inactivity and Psychological Well-Being in Later Life
Kerwin Kofi Charles
- w9034 June 2002 Stock Market Boom and the Productivity Gains of the 1990s
Urban Jermann and Vincenzo Quadrini
- w9025 June 2002 Peer Effects in Medical School
Peter Arcidiacono and Sean Nicholson
- w9026 June 2002 The Deaths of Manufacturing Plants
Andrew B. Bernard and J. Bradford Jensen
- w9028 June 2002 Gender Differences in Completed Schooling
Kerwin Kofi Charles and Ming-Ching Luoh
- w9027 June 2002 Tariff-jumping FDI and Domestic Firms' Profits
Bruce A. Blonigen, KaSaundra Tomlin, and Wesley W. Wilson
- w9022 June 2002 Intra-national Home Bias: Some Explanations
Russell Hillberry and David Hummels
- w9023 June 2002 Shipping the Good Apples Out? An Empirical Confirmation of the Alchian-Allen Conjecture
David Hummels and Alexandre Skiba
- w9024 June 2002 It's Fourth Down and What Does the Bellman Equation Say? A Dynamic Programming Analysis of Football Strategy
David Romer
- t0277 June 2002 Trimming for Bounds on Treatment Effects with Missing Outcomes
David S. Lee
- w9019 June 2002 Globalization and Changing Patterns in the International Transmission of Shocks in Financial Markets
Michael D. Bordo and Antu Panini Murshid
- w9020 June 2002 Explaining Home Bias in Consumption: The Role of Intermediate Input Trade
Russell Hillberry and David Hummels
- w9016 June 2002 Expenditure Switching and Exchange Rate Policy
Charles Engel
- w9017 June 2002 Intermediaries in the U.S. Market for Technology, 1870-1920
Naomi R. Lamoreaux and Kenneth L. Sokoloff
- w9018 June 2002 Child Labor: The Role of Income Variability and Access to Credit Across Countries
Rajeev Dehejia and Roberta Gatti
- w9021 June 2002 The Impact of Social Policy and Economic Activity Throughout the Fertility Decision Tree
Phillip B. Levine
- w9007 June 2002 Biotech-Pharmaceutical Alliances as a Signal of Asset and Firm Quality
Sean Nicholson, Patricia M. Danzon, and Jeffrey S. McCullough
- w9008 June 2002 Gains from FDI Inflows with Incomplete Information
Assaf Razin and Efraim Sadka
- w9009 June 2002 Bidder Discounts and Target Premia in Takeovers
Boyan Jovanovic and Serguey Braguinsky
- w9010 June 2002 Bankruptcy and Small Firms' Access to Credit
Jeremy Berkowitz and Michelle J. White
- w9011 June 2002 How Could Everyone Have Been So Wrong? Forecasting the Great Depression with the Railroads
John Landon-Lane, Eugene N. White, and Adam Klug
- w9012 June 2002 The Bush Tax Cut and National Saving
Alan J. Auerbach
- w9013 June 2002 Women, War and Wages: The Effect of Female Labor Supply on the Wage Structure at Mid-Century
Daron Acemoglu, David H. Autor, and David Lyle
- w9014 June 2002 Labor Supply Effects of Social Insurance
Alan B. Krueger and Bruce D. Meyer
- w9015 June 2002 Taxes and Entrepreneurial Activity: Theory and Evidence for the U.S.
Roger H. Gordon and Julie Berry Cullen
- w9006 June 2002 Endogenous Political Institutions
Philippe Aghion, Alberto Alesina, and Francesco Trebbi
- w8999 June 2002 The Roots of Latin American Protectionism: Looking Before the Great Depression
John H. Coatsworth and Jeffrey G. Williamson
- w9005 June 2002 Monetary Policy in a Financial Crisis
Lawrence J. Christiano, Christopher Gust, and Jorge Roldos
- w8990 June 2002 The Market Price of Credit Risk: An Empirical Analysis of Interest Rate Swap Spreads
Jun Liu, Francis A. Longstaff, and Ravit E. Mandell
- w8991 June 2002 Stock Valuation and Learning about Profitability
Lubos Pastor and Pietro Veronesi
- w8992 June 2002 U.S. Stock Market Crashes and Their Aftermath: Implications for Monetary Policy
Frederic S. Mishkin and Eugene N. White
- w8993 June 2002 The Impact of Unionization on Establishment Closure: A Regression Discontinuity Analysis of Representation Elections
John DiNardo and David S. Lee
- w8994 June 2002 Are Financial Assets Priced Locally or Globally?
G. Andrew Karolyi and Rene M. Stulz
- w8995 June 2002 When Does Trade Hurt? Market, Transition and Developing Economies
Kala Krishna and Cemile Yavas
- w8996 June 2002 Benefits and Costs of Newer Drugs: An Update
Frank Lichtenberg
- w8997 June 2002 Art Auctions: A Survey of Empirical Studies
Orley Ashenfelter and Kathryn Graddy
- w8998 June 2002 Where Do U.S. Immigrants Come From, and Why?
Ximena Clark, Timothy J. Hatton, and Jeffrey G. Williamson
- w9000 June 2002 Daily Cross-Border Equity Flows: Pushed or Pulled?
John M. Griffin, Federico Nardari, and Rene M. Stulz
- w9001 June 2002 Entrepreneurship in Equilibrium
Denis Gromb and David Scharfstein
- w9002 June 2002 The Performance of Performance Standards
James Heckman, Carolyn Heinrich, and Jeffrey Smith
- w9003 June 2002 Food Insecurity or Poverty? Measuring Need-Related Dietary Adequacy
Jayanta Bhattacharya, Steven Haider, and Janet Currie
- w9004 June 2002 Heat or Eat? Cold Weather Shocks and Nutrition in Poor American Families
Jayanta Bhattacharya, Thomas DeLeire, Steven Haider, and Janet Currie
- w8985 June 2002 A Pollution Theory of Discrimination: Male and Female Differences in Occupations and Earnings
Claudia Goldin
- w8986 June 2002 The Relationship Between Education and Adult Mortality in the United States
Adriana Lleras-Muney
- w8987 June 2002 Stocks as Money: Convenience Yield and the Tech-Stock Bubble
John H. Cochrane
- w8988 June 2002 Risk Sharing and Asset Prices: Evidence From a Natural Experiment
Anusha Chari and Peter Blair Henry
- w8989 June 2002 Ownership Form and Trapped Capital in the Hospital Industry
Henry Hansmann, Daniel Kessler, and Mark McClellan
- w8975 June 2002 Understanding the Black-White Test Score Gap in the First Two Years of School
Roland G. Fryer, Jr. and Steven D. Levitt
- w8976 June 2002 Intellectual Property, Antitrust and Strategic Behavior
Dennis W. Carlton and Robert H. Gertner
- w8984 June 2002 Private and Social Incentives for Fertility: Israeli Puzzles
Charles F. Manski and Joram Mayshar
- w8982 June 2002 Industry Growth and Capital Allocation: Does Having a Market- or Bank-Based System Matter?
Thorsten Beck and Ross Levine
- w8983 June 2002 Evaluating Welfare Reform in the United States
Rebecca M. Blank
- w8981 June 2002 The Allocation of Resources by Interest Groups: Lobbying, Litigation and Administrative Regulation
John M. de Figueiredo and Rui J.P. de Figueiredo
- w8978 June 2002 The Distribution of Tax Burdens: An Introduction
Gilbert E. Metcalf and Don Fullerton
- w8979 June 2002 Social Networks and the Aggregation on Individual Decisions
D. Lee Heavner and Lance Lochner
- w8980 June 2002 Are All Patent Examiners Equal? The Impact of Examiner Characteristics
Iain M. Cockburn, Samuel Kortum, and Scott Stern
- w8977 June 2002 Patent Protection and Innovation Over 150 Years
Josh Lerner
- w8963 May 2002 The Modern History of Exchange Rate Arrangements: A Reinterpretation
Carmen M. Reinhart and Kenneth S. Rogoff
- w8964 May 2002 Where the boys aren't: Non-cognitive skills, returns to school and the gender gap in higher education
Brian A. Jacob
- w8965 May 2002 Studying Ourselves: The Academic Labor Market
Ronald G. Ehrenberg
- w8966 May 2002 Boom-Busts in Asset Prices, Economic Instability, and Monetary Policy
Michael D. Bordo and Olivier Jeanne
- w8967 May 2002 Capital Account Liberalization, Institutions and Financial Development: Cross Country Evidence
Menzie D. Chinn and Hiro Ito
- w8968 May 2002 Accountability, Incentives and Behavior: The Impact of High-Stakes Testing in the Chicago Public Schools
Brian A. Jacob
- w8969 May 2002 Paper millionaires: How valuable is stock to a stockholder who is restricted from selling it?
Matthias Kahl, Jun Liu, and Francis A. Longstaff
- w8970 May 2002 Asset Prices in a Flexible Inflation Targeting Framework
Stephen G. Cecchetti, Hans Genberg, and Sushil Wadhwani
- w8971 May 2002 Technological Superiority and the Losses from Migration
Donald R. Davis and David E. Weinstein
- w8972 May 2002 The Use and Meaning of Words in Central Banking: Inflation Targeting, Credibility, and Transparency
Benjamin M. Friedman
- w8973 May 2002 Democratic Policy Making with Real-Time Agenda Setting: Part 1
B. Douglas Bernheim, Antonio Rangel, and Luis Rayo
- w8974 May 2002 The Powerful Antitakeover Force of Staggered Boards: Theory, Evidence and Policy
Lucian Arye Bebchuk, John C. Coates IV, and Guhan Subramanian
- w8956 May 2002 Closed-Form Likelihood Expansions for Multivariate Diffusions
Yacine Ait-Sahalia
- w8957 May 2002 The Complexion Gap: The Economic Consequences of Color among Free African Americans in the Rural Antebellum South
Howard Bodenhorn
- w8958 May 2002 Social Security and Democracy
Casey B. Mulligan, Ricard Gil, and Xavier Sala-i-Martin
- w8959 May 2002 Micro Effects of Macro Announcements: Real-Time Price Discovery in Foreign Exchange
Torben G. Andersen, Tim Bollerslev, Francis X. Diebold, and Clara Vega
- w8960 May 2002 Trade Credit, Financial Intermediary Development and Industry Growth
Raymond Fisman and Inessa Love
- w8961 May 2002 Equity Volatility and Corporate Bond Yields
John Y. Campbell and Glen B. Taksler
- w8962 May 2002 Estimating Price Elasticities When there is Smuggling: The Sensitivity of Smoking to Price in Canada
Jonathan Gruber, Anindya Sen, and Mark Stabile
- w8954 May 2002 Going Public When You Can in Biotechnology
Michael R. Darby and Lynne G. Zucker
- w8955 May 2002 From Malthus to Ohlin: Trade, Growth and Distribution Since 1500
Kevin H. O'Rourke and Jeffrey G. Williamson
- w8952 May 2002 Economic Development as Self-Discovery
Ricardo Hausmann and Dani Rodrik
- w8953 May 2002 Odious Debt
Michael Kremer and Seema Jayachandran
- w8951 May 2002 IMF Programs: Who is Chosen and What Are the Effects?
Robert J. Barro and Jong-Wha Lee
- w8944 May 2002 Nonparametric Option Pricing under Shape Restrictions
Yacine Ait-Sahalia and Jefferson Duarte
- w8945 May 2002 Homeownership in the Immigrant Population
George J. Borjas
- w8946 May 2002 The Growth of Obesity and Technological Change: A Theoretical and Empirical Examination
Darius Lakdawalla and Tomas Philipson
- w8947 May 2002 Growing by Leaps and Inches: Creative Destruction, Real Cost Reduction, and Inching Up
Michael R. Darby and Lynne G. Zucker
- w8948 May 2002 Economic Interpretations of Intergenerational Correlations
Nathan D. Grawe and Casey B. Mulligan
- w8949 May 2002 Efficiency and Equity in Schools around the World
Eric A. Hanushek and Javier A. Luque
- w8950 May 2002 Why Should Emerging Economies Give up National Currencies: A Case for 'Institutions Substitution'
Enrique G. Mendoza
- w8937 May 2002 Liquidity Shortages and Banking Crises
Douglas W. Diamond and Raghuram G. Rajan
- w8938 May 2002 The Mildest Recession: Output, Profits, and Stock Prices as the U.S. Emerges from the 2001 Recession
William D. Nordhaus
- w8939 May 2002 Debt Relief and Fiscal Sustainability
Sebastian Edwards
- w8940 May 2002 The NAIRU in Theory and Practice
Laurence Ball and N. Gregory Mankiw
- w8941 May 2002 Estimation and Identification of Structural Parameters in the Presence of Multiple Equilibria
Russell W. Cooper
- w8942 May 2002 The Curley Effect
Edward L. Glaeser and Andrei Shleifer
- w8943 May 2002 Network Externalities and Technology Adoption: Lessons from Electronic Payments
Gautam Gowrisankaran and Joanna Stavins
- w8930 May 2002 Modern Hyper- and High Inflations
Stanley Fischer, Ratna Sahay, and Carlos A. Vegh
- w8931 May 2002 Religion and Political Economy in an International Panel
Robert J. Barro and Rachel M. McCleary
- w8932 May 2002 Has Welfare Reform Changed Teenage Behaviors?
Robert Kaestner and June O'Neill
- w8936 May 2002 Medicaid Managed Care and Infant Health: A National Evaluation
Robert Kaestner, Lisa Dubay, and Genevieve Kenney
- w8935 May 2002 The New Economy and the Challenges for Macroeconomic Policy
Stephen G. Cecchetti
- w8933 May 2002 The World Distribution of Income (estimated from Individual Country Distributions)
Xavier Sala-i-Martin
- w8934 May 2002 Exchange Rate Pass-Through into Import Prices: A Macro or Micro Phenomenon?
Jose Manuel Campa and Linda S. Goldberg
- w8929 May 2002 Estimating the Knowledge-Capital Model of the Multinational Enterprise: Comment
Bruce A. Blonigen, Ronald B. Davies, and Keith Head
- w8927 May 2002 A Century of Current Account Dynamics
Alan M. Taylor
- w8928 May 2002 Financial Intermediation
Gary Gorton and Andrew Winton
- w8925 May 2002 Inflation Targeting: Should It Be Modeled as an Instrument Rule or a Targeting Rule?
Lars E.O. Svensson
- w8926 May 2002 The Effects of Gun Prevalence on Burglary: Deterrence vs Inducement
Philip J. Cook and Jens Ludwig
- w8918 May 2002 Remedial Education and Student Achievement: A Regression-Discontinuity Analysis
Brian A. Jacob and Lars Lefgren
- w8919 May 2002 Stochastic Technical Progress, Nearly Smooth Trends and Distinct Business Cycles
Julio J. Rotemberg
- w8920 May 2002 Wealth Accumulation and the Propensity to Plan
John Ameriks, Andrew Caplin, and John Leahy
- w8921 May 2002 The Governance of Not-For-Profit Firms
Edward L. Glaeser
- w8917 May 2002 Minimum Standards and Insurance Regulation: Evidence from the Medigap Market
Amy Finkelstein
- w8924 May 2002 Social Security Privatization Reform and Labor Markets: The Case of Chile
Sebastian Edwards and Alejandra Cox Edwards
- w8923 May 2002 Does Local Financial Development Matter?
Luigi Guiso, Paola Sapienza, and Luigi Zingales
- w8922 May 2002 Risk Reduction in Large Portfolios: Why Imposing the Wrong Constraints Helps
Ravi Jagannathan and Tongshu Ma
- w8915 April 2002 The Rising (and then Declining) Significance of Gender
Claudia Goldin
- w8916 April 2002 The Impact of Teacher Training on Student Achievement: Quasi-Experimental Evidence from School Reform Efforts in Chicago
Brian A. Jacob and Lars Lefgren
- w8908 April 2002 Capital Account Liberalization: Allocative Efficiency or Animal Spirits?
Anusha Chari and Peter Blair Henry
- w8909 April 2002 On the Timeliness of Tax Reform
James R. Hines Jr.
- w8910 April 2002 Employment Relationships in the New Economy
David Neumark and Deborah Reed
- w8911 April 2002 Social Security and Elderly Living Arrangements
Gary V. Engelhardt, Jonathan Gruber, and Cynthia D. Perry
- w8912 April 2002 Expectation Traps and Monetary Policy
Stefania Albanesi, V.V. Chari, and Lawrence J. Christiano
- w8913 April 2002 The Property Tax as a Tax on Value: Deadweight Loss
Richard Arnott and Petia Petrova
- w8914 April 2002 Is Foreign Exchange Intervention Effective?: The Japanese Experiences in the 1990s
Takatoshi Ito
- w8907 April 2002 Physician Income Prediction Errors: Sources and Implications for Behavior
Sean Nicholson and Nicholas S. Souleles
- w8903 April 2002 Can the New Deal's Three R's Be Rehabilitated? A Program-by-Program, County-by-County Analysis
Price V. Fishback, Shawn Kantor, and John Joseph Wallis
- w8904 April 2002 The Disturbing "Rise" of Global Income Inequality
Xavier Sala-i-Martin
- w8905 April 2002 Monetary Policy and Exchange Rate Volatility in a Small Open Economy
Jordi Gali and Tommaso Monacelli
- w8906 April 2002 Junior Must Pay: Pricing the Implicit Put in Privatizing Social Security
George M. Constantinides, John B. Donaldson, and Rajnish Mehra
- w8900 April 2002 Financial Opening: Evidence and Policy Options
Joshua Aizenman
- w8901 April 2002 Cap and Trade Policies in the Presence of Monopoly and Distortionary Taxation
Don Fullerton and Gilbert E. Metcalf
- w8902 April 2002 The Welfare of Children During the Great Depression
Price V. Fishback, Michael R. Haines, and Shawn Kantor
- w8898 April 2002 Teacher Quality and the Future of America
Peter Temin
- w8899 April 2002 HMO Penetration, Ownership Status, and the Rise of Hospital Advertising
Jason R. Barro and Michael Chu
- w8897 April 2002 Geography, Economic Policy, and Regional Development in China
Sylvie Demurger, Jeffrey D. Sachs, Wing Thye Woo, Shuming Bao, Gene Chang, and Andrew Mellinger
- t0276 April 2002 The Effects of Random and Discrete Sampling When Estimating Continuous-Time Diffusions
Yacine Ait-Sahalia and Per A. Mykland
- w8894 April 2002 Exports and Manufacturing Productivity in East Asia: A Comparative Analysis with Firm-Level Data
Mary Hallward-Driemeier, Giuseppe Iarossi, and Kenneth L. Sokoloff
- w8895 April 2002 Comovement
Nicholas Barberis, Andrei Shleifer, and Jeffrey Wurgler
- w8896 April 2002 Limited Asset Market Participation and the Elasticity of Intertemporal Substitution
Annette Vissing-Jorgensen
- w8892 April 2002 Policy-Driven Productivity in Chile and Mexico in the 1980s and 1990s
Raphael Bergoeing, Patrick J. Kehoe, Timothy J. Kehoe, and Raimundo Soto
- w8893 April 2002 The Policy Context and Infant and Toddler Care in the Welfare Reform Era
Ann Witte, Magaly Queralt, Robert Witt, and Harriet Griesinger
- w8887 April 2002 Global Capital Flows and Financing Constraints
Ann E. Harrison, Inessa Love, and Margaret S. McMillan
- w8888 April 2002 Moving to Greener Pastures? Multinationals and the Pollution Haven Hypothesis
Gunnar A. Eskeland and Ann E. Harrison
- w8889 April 2002 Comparative Advantage, Learning, and Sectoral Wage Determination
Robert Gibbons, Lawrence F. Katz, Thomas Lemieux, and Daniel Parent
- w8890 April 2002 Courts: the Lex Mundi Project
Simeon Djankov, Rafael La Porta, Florencio Lopez-de-Silane, and Andrei Shleifer
- w8891 April 2002 Strengthening Employment-Based Pensions in Japan
Robert L. Clark and Olivia S. Mitchell
- w8883 April 2002 Middlemen versus Market Makers: A Theory of Competitive Exchange
John Rust and George Hall
- w8884 April 2002 Towards an Explanation of Household Portfolio Choice Heterogeneity: Nonfinancial Income and Participation Cost Structures
Annette Vissing-Jorgensen
- w8882 April 2002 The Non-Optimality of Proposed Monetary Policy Rules Under Timeless-Perspective Commitment
Christian Jensen and Bennett C. McCallum
- w8886 April 2002 Take-Up Rates and Trade Offs After the Age of Entitlement: Some Thoughts and Empirical Evidence for Child Care Subsidies
Ann Dryden Witte and Magaly Queralt
- w8885 April 2002 The Role of Information and Social Interactions in Retirement Plan Decisions: Evidence from a Randomized Experiment
Esther Duflo and Emmanuel Saez
- w8876 April 2002 The Returns to Entrepreneurial Investment: A Private Equity Premium Puzzle?
Tobias J. Moskowitz and Annette Vissing-Jorgensen
- w8877 April 2002 Confronting Information Asymmetries: Evidence from Real Estate Markets
Mark J. Garmaise and Tobias J. Moskowitz
- w8878 April 2002 Why Did Employee Health Insurance Contributions Rise?
Jonathan Gruber and Robin McKnight
- w8879 April 2002 Dollarization and Trade
Michael W. Klein
- w8880 April 2002 Credit Frictions and 'Sudden Stops' in Small Open Economies: An Equilibrium Business Cycle Framework for Emerging Markets Crises
Cristina Arellano and Enrique G. Mendoza
- w8881 April 2002 The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity
Mark J. Melitz
- w8874 April 2002 Informal Financial Networks: Theory and Evidence
Mark J. Garmaise and Tobias J. Moskowitz
- w8875 April 2002 Economic Considerations and Class Size
Alan B. Krueger
- w8869 April 2002 Competition in or for the Field: Which is Better?
Eduardo Engel, Ronald Fischer, and Alexander Galetovic
- w8870 April 2002 A Simple Framework for International Monetary Policy Analysis
Richard Clarida, Jordi Gali, and Mark Gertler
- w8871 April 2002 Interdependent Security: The Case of Identical Agents
Howard Kunreuther and Geoffrey Heal
- w8872 April 2002 Do Cigarette Taxes Make Smokers Happier?
Jonathan Gruber and Sendhil Mullainathan
- w8873 April 2002 School Choice and School Productivity (or Could School Choice be a Tide that Lifts All Boats?)
Caroline M. Hoxby
- w8867 March 2002 Stochastic Dominance Bounds on Derivative Prices in a Multiperiod Economy with Proportional Transaction Costs
George M. Constantinides and Stylianos Perrakis
- w8868 March 2002 The Role of Residual Claims and Self-Enforcement in Franchise Contracting
Francine Lafontaine and Emmanuel Raynaud
- w8865 March 2002 The Costs of Price Stability - Downward Nominal Wage Rigidity in Europe
Steinar Holden
- w8866 March 2002 The Corporate Profit Base, Tax Sheltering Activity, and the Changing Nature of Employee Compensation
Mihir A. Desai
- w8860 March 2002 Gallman's Annual Output Series for the United States, 1834-1909
Paul W. Rhode
- w8861 March 2002 Collective Bargaining and Staff Salaries in American Colleges and Universities
Daniel B. Klaff and Ronald G. Ehrenberg
- w8862 March 2002 Technology, Agglomeration, and Regional Competition for Investment
Bruce A. Blonigen and Van Kolpin
- w8863 March 2002 The Red Queen and the Hard Reds: Productivity Growth in American Wheat, 1800-1940
Alan L. Olmstead and Paul W. Rhode
- w8864 March 2002 Can Subsidiaries of Foreign Banks Contribute to the Stability of the Forex Market in Emerging Economies? A Look at Some Evidence from the Mexican...
Alejandro Reynoso
- w8856 March 2002 Who Panics During Panics? Evidence from a Nineteenth Century Savings Bank
Cormac O. Grada and Eugene N. White
- w8857 March 2002 The Reconstruction of the American Urban Landscape in the Twentieth Century
Sukkoo Kim
- w8858 March 2002 Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect
Michael B. Devereux and Charles Engel
- w8854 March 2002 International Taxation
Roger H. Gordon and James R. Hines Jr.
- w8855 March 2002 The Cost of Accountability
Caroline M. Hoxby
- w8859 March 2002 Contracting in the Absence of Specific Investments and Moral Hazard: Understanding Carrier-Driver Relations in U.S. Trucking
Francine Lafontaine and Scott E. Masten
- w8847 March 2002 Imperfect Contract Enforcement
James E. Anderson and Leslie Young
- w8848 March 2002 Related Lending
Rafael La Porta, Florencio Lopez-de-Silane, and Guillermo Zamarripa
- w8849 March 2002 Industry Dynamics with Adjustment Costs
Robert E. Hall
- w8850 March 2002 Markups, Gaps, and the Welfare Costs of Business Fluctuations
Jordi Gali, Mark Gertler, and J. David Lopez-Salido
- w8851 March 2002 Ricardian Equivalence with Incomplete Household Risk Sharing
Shinichi Nishiyama and Kent Smetters
- w8852 March 2002 Property Rights and Finance
Simon Johnson, John McMillan, and Christopher Woodruff
- w8853 March 2002 One Reason Countries Pay their Debts: Renegotiation and International Trade
Andrew K. Rose
- w8838 March 2002 Dollarization: Analytical Issues
Roberto Chang and Andres Velasco
- w8839 March 2002 The Fed and Interest Rates: A High-Frequency Identification
John H. Cochrane and Monika Piazzesi
- w8840 March 2002 Removing the Veil of Ignorance in Assessing the Distributional Impacts of Social Policies
Pedro Carneiro, Karsten T. Hansen, and James J. Heckman
- w8841 March 2002 How Much Should We Trust Differences-in-Differences Estimates?
Marianne Bertrand, Esther Duflo, and Sendhil Mullainathan
- w8842 March 2002 Testing Trade Theory in Ohlin's Time
Antoni Estevadeordal and Alan M. Taylor
- w8843 March 2002 The Measure of Man and Older Age Mortality: Evidence from the Gould Sample
Dora L. Costa
- w8846 March 2002 Globalization and Capital Markets
Maurice Obstfeld and Alan M. Taylor
- w8845 March 2002 Subsidizing the Stork: New Evidence on Tax Incentives and Fertility
Kevin Milligan
- w8844 March 2002 The Impact of Lending, Borrowing, and Anti-Smoking Policies on Cigarette Consumption by Teens
Brett Katzman, Sara Markowitz, and Kerry Anne McGeary
- w8837 March 2002 Economic and Financial Crises in Emerging Market Economies: Overview of Prevention and Management
Martin Feldstein
- w8829 March 2002 Tax Incidence
Don Fullerton and Gilbert E. Metcalf
- w8833 March 2002 Direct or Indirect Tax Instruments for Redistribution: Short-run versus Long-run
Emmanuel Saez
- w8834 March 2002 Do Bilateral Tax Treaties Promote Foreign Direct Investment?
Bruce A. Blonigen and Ronald B. Davies
- w8835 March 2002 The Impact of Zoning on Housing Affordability
Edward L. Glaeser and Joseph Gyourko
- w8836 March 2002 Exploring the Racial Gap in Infant Mortality Rates, 1920-1970
William J. Collins and Melissa A. Thomasson
- w8832 March 2002 Cross-Country Inequality Trends
Daron Acemoglu
- w8821 March 2002 Implementing the Friedman Rule
Peter N. Ireland
- w8822 March 2002 Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence
Alon Brav, George M. Constantinides, and Christopher C. Geczy
- w8823 March 2002 A Theory of the Informal Sector
Yoshiaki Azuma and Herschel I. Grossman
- w8824 March 2002 Productivity and the Euro-Dollar Exchange Rate Puzzle
Ron Alquist and Menzie D. Chinn
- w8825 March 2002 Is the Threat of Reemployment Services More Effective than the Services Themselves? Experimental Evidence from the UI System
Dan A. Black, Jeffrey A. Smith, Mark C. Berger, and Brett J. Noel
- w8826 March 2002 Rational Asset Prices
George M. Constantinides
- w8827 March 2002 Trade Openness and Investment Instability
Assaf Razin, Efraim Sadka, and Tarek Coury
- w8828 March 2002 Global Transmission of Interest Rates: Monetary Independence and Currency Regime
Jeffrey A. Frankel, Sergio L. Schmukler, and Luis Serven
- w8830 March 2002 Was Jackson Pollock the Greatest Modern American Painter? A Quantitative Investigation
David W. Galenson
- w8831 March 2002 Economic Backwardness in Political Perspective
Daron Acemoglu and James A. Robinson
- w8819 February 2002 Innovating Firms and Aggregate Innovation
Tor Jakob Klette and Samuel Kortum
- w8820 February 2002 Can Equity and Efficiency Complement Each Other?
Rebecca M. Blank
- w8814 February 2002 Partnership and Hold-Up in Early America
Howard Bodenhorn
- w8815 February 2002 Human Capital Formation with Endogenous Credit Constraints
Lance Lochner and Alexander Monge-Naranjo
- w8816 February 2002 Market Liquidity as a Sentiment Indicator
Malcolm Baker and Jeremy C. Stein
- w8818 February 2002 The Health of Nations: The Contribution of Improved Health to Living Standards
William D. Nordhaus
- w8817 February 2002 Health Insurance, Labor Supply, and Job Mobility: A Critical Review of the Literature
Jonathan Gruber and Brigitte C. Madrian
- w8808 February 2002 Longevity and Life Cycle Savings
David E. Bloom, David Canning, and Bryan Graham
- w8809 February 2002 International Rent Sharing in Multinational Firms
John W. Budd, Josef Konings, and Matthew J. Slaughter
- w8810 February 2002 Substance Use and Suicidal Behaviors Among Young Adults
Sara Markowitz, Pinka Chatterji, Robert Kaestner, and Dhaval Dave
- w8811 February 2002 Monitoring, Motivation and Management: The Determinants of Opportunistic Behavior in a Field Experiment
Daniel Nagin, James Rebitzer, Seth Sanders, and Lowell Taylor
- w8812 February 2002 Medicaid Managed Care: Effects on Children's Medicaid Coverage and Utilization
Janet Currie and John Fahr
- w8813 February 2002 Abortion as Insurance
Phillip B. Levine and Douglas Staiger
- w8806 February 2002 The Effects of Website Provision on the Demand for German Women's Magazines
Ulrich Kaiser
- w8807 February 2002 Post-Issue Patent "Quality Control": A Comparative Study of US Patent Re-examinations and European Patent Oppositions
Stuart J. H. Graham, Bronwyn H. Hall, Dietmar Harhoff, and David C. Mowery
- w8805 February 2002 A Review of IPO Activity, Pricing, and Allocations
Jay Ritter and Ivo Welch
- w8803 February 2002 Highway Franchising and Real Estate Values
Eduardo Engel, Ronald Fischer, and Alexander Galetovic
- w8804 February 2002 Trade Integration and Risk Sharing
Aart Kraay and Jaume Ventura
- w8795 February 2002 Uncovered Interest Rate Parity and the Term Structure
Geert Bekaert, Min Wei, and Yuhang Xing
- w8796 February 2002 Quantity Controls, License Transferability, and the Level of Investment
Kala Krishna, Ling Hui Tan, and Ram Ranjan
- w8797 February 2002 Marketization of Production and the US-Europe Employment Gap
Richard B. Freeman and Ronald Schettkat
- w8798 February 2002 Unobserved Product Differentiation in Discrete Choice Models: Estimating Price Elasticities and Welfare Effects
Daniel A. Ackerberg and Marc Rysman
- w8799 February 2002 Publicly Provided Education
Eric A. Hanushek
- w8800 February 2002 A Rehabilitation of Monetary Policy in the 1950s
Christina D. Romer and David H. Romer
- w8801 February 2002 What Have Two Decades of British Economic Reform Delivered?
David Card and Richard B. Freeman
- w8802 February 2002 Health Care and the Public Sector
David M. Cutler
- w8791 February 2002 Performance Evaluation with Stochastic Discount Factors
Heber Farnsworth, Wayne E. Ferson, David Jackson, and Steven Todd
- w8780 February 2002 How Does Job Loss Affect the Timing of Retirement?
Sewin Chan and Ann Huff Stevens
- w8781 February 2002 Exchange Traded Funds: A New Investment Option for Taxable Investors
James M. Poterba and John B. Shoven
- w8782 February 2002 Columbus' Egg: The Real Determinant of Capital Structure
Ivo Welch
- w8783 February 2002 Self-Validating Optimum Currency Areas
Giancarlo Corsetti and Paolo Pesenti
- w8794 February 2002 The Impact of Monetary Policy on Asset Prices
Roberto Rigobon and Brian P. Sack
- w8793 February 2002 Who Underreacts to Cash-Flow News? Evidence from Trading between Individuals and Institutions
Randolph B. Cohen, Paul A. Gompers, and Tuomo Vuolteenaho
- w8792 February 2002 Within State Transitions from 2-Year to 4-Year Public Institutions
Ronald G. Ehrenberg and Christopher L. Smith
- w8790 February 2002 Conditional Performance Measurement Using Portfolio Weights: Evidence for Pension Funds
Wayne Ferson and Kenneth Khang
- w8789 February 2002 Stochastic Discount Factor Bounds with Conditioning Information
Wayne E. Ferson and Andrew Siegel
- w8788 February 2002 Predicting the Equity Premium With Dividend Ratios
Amit Goyal and Ivo Welch
- w8787 February 2002 Changes in U.S. Wages 1976-2000: Ongoing Skill Bias or Major Technological Change?
Paul Beaudry and David A. Green
- w8785 February 2002 The Fed and the New Economy
Laurence Ball and Robert Tchaidze
- w8786 February 2002 Will You Miss Me When I Am Gone? The Economic Consequences of Absent Parents
Marianne E. Page and Ann Huff Stevens
- w8784 February 2002 The Impact of Welfare Reform on Living Arrangements
Marianne P. Bitler, Jonah B. Gelbach, and Hilary W. Hoynes
- w8771 February 2002 Technology and Economic Performance in the American Economy
Robert J. Gordon
- w8772 February 2002 Social Security, Pensions and Retirement Behavior Within the Family
Alan L. Gustman and Thomas L. Steinmeier
- w8779 February 2002 The Life Cycles of Modern Artists
David W. Galenson
- w8778 February 2002 The North-South Wage Gap, Before and After the Civil War
Robert A. Margo
- w8776 February 2002 Family Firms
Mike Burkart, Fausto Panunzi, and Andrei Shleifer
- w8777 February 2002 A Theory of Government Regulation of Addictive Bads: Optimal Tax Levels and Tax Incidence for Cigarette Excise Taxation
Jonathan Gruber and Botond Koszegi
- w8767 February 2002 New Perspectives on Monetary Policy, Inflation, and the Business Cycle
Jordi Gali
- w8768 February 2002 Technology Shocks and Monetary Policy: Assessing the Fed's Performance
Jordi Gali, J. David Lopez-Salido, and Javier Valles
- w8769 February 2002 Skill Biased Technological Change and Rising Wage Inequality: Some Problems and Puzzles
David Card and John E. DiNardo
- w8770 February 2002 Maternal Employment and Overweight Children
Patricia M. Anderson, Kristin F. Butcher, and Phillip B. Levine
- w8775 February 2002 A Dual Method of Empirically Evaluating Dynamic Competitive Equilibrium Models with Market Distortions, Applied to the Great Depression & World War II
Casey B. Mulligan
- w8774 February 2002 A Century of Labor-Leisure Distortions
Casey B. Mulligan
- w8773 February 2002 The Financing of Research and Development
Bronwyn H. Hall
- w8764 February 2002 Characteristics, Contracts, and Actions: Evidence from Venture Capitalist Analyses
Steven N. Kaplan and Per Stromberg
- w8765 February 2002 The Need for International Policy Coordination: What's Old, What's New, What's Yet to Come?
Matthew B. Canzoneri, Robert E. Cumby, and Behzad T. Diba
- w8766 February 2002 Productivity, Output, and Failure: A Comparison of Taiwanese and Korean Manufacturers
Bee Yan Aw, Sukkyun Chung, and Mark J. Roberts
- w8755 January 2002 Sources of U.S. Longevity Increase, 1960-1997
Frank R. Lichtenberg
- w8756 January 2002 Entry and Asymmetric Lobbying: Why Governments Pick Losers
Richard E. Baldwin and Frederic Robert-Nicoud
- w8757 January 2002 International Labor Economics
Daniel S. Hamermesh
- w8758 January 2002 A Dual Liquidity Model for Emerging Markets
Ricardo J. Caballero and Arvind Krishnamurthy
- w8759 January 2002 The Guarantees of Freedom
Rafael La Porta, Florencio Lopez-de-Silane, Cristian Pop-Eleches, and Andrei Shleifer
- w8760 January 2002 Does Globalization Increase Child Labor? Evidence from Vietnam
Eric Edmonds and Nina Pavcnik
- w8761 January 2002 Medicare and Disparities in Women's Health
Sandra Decker and Carol Rapaport
- w8762 January 2002 Moore's Law and Learning-By-Doing
Boyan Jovanovic and Peter L. Rousseau
- w8763 January 2002 Measuring Investment Distortions when Risk-Averse Managers Decide Whether to Undertake Risky Projects
Robert Parrino, Allen M. Poteshman, and Michael S. Weisbach
- w8750 January 2002 When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms
Malcolm Baker, Jeremy C. Stein, and Jeffrey Wurgler
- w8751 January 2002 Did Import Substitution Promote Growth in the Late Nineteenth Century?
Douglas A. Irwin
- w8752 January 2002 Does Function Follow Organizational Form? Evidence From the Lending Practices of Large and Small Banks
Allen N. Berger, Nathan H. Miller, Mitchell A. Petersen, Raghuram G. Rajan, and Jeremy C. Stein
- w8753 January 2002 Is a Bird in Hand Worth More than a Bird in the Bush? Intergenerational Transfers and Savings Behavior
Jeffrey R. Brown and Scott J. Weisbenner
- w8754 January 2002 Why has the Employment-Productivity Tradeoff among Industrialized Countries been so strong?
Paul Beaudry and Fabrice Collard
- w8748 January 2002 Why Are Rates of Inflation So Low After Large Devaluations?
Ariel Burstein, Martin Eichenbaum, and Sergio Rebelo
- w8749 January 2002 The Temporary Assistance for Needy Families Program
Robert Moffitt
- w8740 January 2002 The Q-Theory of Mergers
Boyan Jovanovic and Peter L. Rousseau
- w8741 January 2002 New Evidence about Brown v. Board of Education: The Complex Effects of School Racial Composition on Achievement
Eric A. Hanushek, John F. Kain, and Steven G. Rivkin
- w8742 January 2002 Mortality Change, the Uncertainty Effect, and Retirement
Sebnem Kalemli-Ozcan and David N. Weil
- w8743 January 2002 Productivity, Computerization, and Skill Change
Edward N. Wolff
- w8738 January 2002 Default, Currency Crises and Sovereign Credit Ratings
Carmen M. Reinhart
- w8739 January 2002 Interpreting the Tariff-Growth Correlation of the Late Nineteenth Century
Douglas A. Irwin
- w8733 January 2002 Constitution or Conflict?
Herschel I. Grossman
- w8747 January 2002 The New Systems Competition
Hans-Werner Sinn
- w8745 January 2002 Tax-Loss Trading and Wash Sales
Mark Grinblatt and Matti Keloharju
- w8746 January 2002 Information Aggregation, Security Design and Currency Swaps
Bhagwan Chowdhry, Mark Grinblatt, and David Levine
- w8744 January 2002 What Do We Really Know About the Cross-Sectional Relation Between Past and Expected Returns?
Mark Grinblatt and Tobias J. Moskowitz
- w8734 January 2002 The Disposition Effect and Momentum
Mark Grinblatt and Bing Han
- w8737 January 2002 Existence and Persistence of Price Dispersion: an Empirical Analysis
Saul Lach
- w8736 January 2002 Time Series Decomposition and Measurement of Business Cycles, Trends and Growth Cycles
Victor Zarnowitz and Ataman Ozyildirim
- w8735 January 2002 Retirement Consumption: Insights from a Survey
John Ameriks, Andrew Caplin, and John Leahy
- w8729 January 2002 Do Industrial Relations Institutions Impact Economic Outcomes?: International and U.S. State-Level Evidence
Morris M. Kleiner and Hwikwon Ham
- w8730 January 2002 Economic Effects of Means-Tested Transfers in the U.S.
Robert Moffitt
- w8731 January 2002 Guaranteeing Defined Contribution Pensions: The Option to Buy-Back a Defined Benefit Promise
Marie-Eve Lachance and Olivia S. Mitchell
- w8732 January 2002 Controlling the Cost of Minimum Benefit Guarantees in Public Pension Conversions
Kent Smetters
- w8727 January 2002 Make Versus Buy in Trucking: Asset Ownership, Job Design and Information
George P. Baker and Thomas N. Hubbard
- w8728 January 2002 Outsourcing in a Global Economy
Gene M. Grossman and Elhanan Helpman
- w8713 January 2002 Technological Diffusion, Conditional Convergence, and Economic Growth
David E. Bloom, David Canning, and Jaypee Sevilla
- w8714 January 2002 The Wealth of Nations: Fundamental Forces Versus Poverty Traps
David E. Bloom, David Canning, and Jaypee Sevilla
- w8715 January 2002 A Reconsideration of Hedonic Price Indices with an Application to PC's
Ariel Pakes
- w8716 January 2002 Crises Now and Then: What Lessons from the Last Era of Financial Globalization
Barry Eichengreen and Michael D. Bordo
- w8717 January 2002 Charles Goodhart's Contributions to the History of Monetary Institutions
Michael D. Bordo and Anna J. Schwartz
- w8718 January 2002 Social Security Expectations and Retirement Savings Decisions
Jeff Dominitz, Charles F. Manski, and Jordan Heinz
- w8719 January 2002 Do We Need CAPM for Capital Budgeting?
Ravi Jagannathan and Iwan Meier
- w8720 January 2002 Voter Turnout: Theory and Evidence from Texas Liquor Referenda
Stephen Coate and Michael Conlin
- w8721 January 2002 Optimal Interest Rate Policy in a Small Open Economy
Eric Parrado and Andres Velasco
- w8711 January 2002 Private Benefits of Control: An International Comparison
Alexander Dyck and Luigi Zingales
- w8712 January 2002 The Variety and Quality of a Nation's Trade
David Hummels and Peter J. Klenow
- w8726 January 2002 Is the Technology-Driven Real Business Cycle Hypothesis Dead?
Neville Francis and Valerie A. Ramey
- w8725 January 2002 The Responsiveness of Consumer Prices to Exchange Rates And the Implications for Exchange-Rate Policy: A Survey Of a Few Recent New Open-Economy...
Charles Engel
- w8724 January 2002 Does Inward Foreign Direct Investment Boost the Productivity of Domestic Firms?
Jonathan E. Haskel, Sonia C. Pereira, and Matthew J. Slaughter
- w8722 January 2002 Measuring Organization Capital
Andrew Atkeson and Patrick J. Kehoe
- w8723 January 2002 Suggested Subsidies are Sub-optimal Unless Combined with an Output Tax
Don Fullerton and Robert D. Mohr
- w8710 January 2002 The Medium Run Effects of Educational Expansion: Evidence from a Large School Construction Program in Indonesia
Esther Duflo
- w8703 January 2002 Optimal Defaults for Corporate Law Evolution
Lucian Arye Bebchuk and Assaf Hamdani
- w8704 January 2002 International Protection of Intellectual Property
Gene Grossman and Edwin L.-C. Lai
- w8705 January 2002 When Do Firms Shift Production Across States to Avoid Environmental Regulation?
Wayne B. Gray and Ronald J. Shadbegian
- w8708 January 2002 Entrepreneurship in International Trade
James E. Rauch and Joel Watson
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Chun-Chung Au and Vernon Henderson
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Henry Saffer and Dhaval Dave
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Roberto Rigobon
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Christopher Mayer and Todd Sinai
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Jenny Williams, Frank J. Chaloupka, and Henry Wechsler
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