Papers Issued in 2005

• w11889 December 2005 Life After Kyoto: Alternative Approaches to Global Warming
  William Nordhaus
• w11890 December 2005 Neckties in the Tropics: A Model of International Trade and Cultural Diversity
  James E. Rauch and Vitor Trindade
• w11891 December 2005 Is Financial Globalization Beneficial?
  Frederic Mishkin
• w11892 December 2005 What's Psychology Worth? A Field Experiment in the Consumer Credit Market
  Marianne Bertrand, Dean Karlin, Sendhil Mullainathan, Eldar Shafir, and Jonathan Zinman
• w11893 December 2005 Psychiatric Disorders and Labor Market Outcomes: Evidence from the National Latino and Asian American Study
  Pinka Chatterji, Margarita Alegria, Mingshan Lu, and David Takeuchi
• w11894 December 2005 Internationalization and Stock Market Liquidity
  Ross Levine and Sergio Schmukler
• w11895 December 2005 The Expanding Workweek? Understanding Trends in Long Work Hours Among U.S. Men, 1979-2004
  Peter Kuhn and Fernando Lozano
• w11896 December 2005 Robustly Optimal Monetary Policy with Near Rational Expectations
  Michael Woodford
• w11897 December 2005 The Role of Foreign Currency Debt in Financial Crises: 1880-1913 vs. 1972-1997
  Michael D. Bordo and Christopher M. Meissner
• w11898 December 2005 Central Bank Communication and Policy Effectiveness
  Michael Woodford
• w11899 December 2005 The Greatest Artists of the Twentieth Century
  David Galenson
• w11900 December 2005 Markov Perfect Industry Dynamics with Many Firms
  Gabriel Weintraub, C. Lanier Benkard, and Ben Van Roy
• w11901 December 2005 Why Doesn't Capital Flow from Rich to Poor Countries? An Empirical Investigation
  Laura Alfaro, Sebnem Kalemli-Ozcan, and Vadym Volosovych
• w11902 December 2005 The Myth of the Drinker's Bonus
  Philip J. Cook and Bethany Peters
• w11903 December 2005 CAPM Over the Long Run: 1926-2001
  Andrew Ang and Joseph Chen
• w11904 December 2005 Remedying Education: Evidence from Two Randomized Experiments in India
  Abhijit Banerjee, Shawn Cole, Esther Duflo, and Leigh Linden
• w11905 December 2005 What You Export Matters
  Ricardo Hausmann, Jason Hwang, and Dani Rodrik
• w11906 December 2005 International Stock Return Comovements
  Geert Bekaert, Robert J. Hodrick, and Xiaoyan Zhang
• w11907 December 2005 Executive Pensions
  Lucian A. Bebchuk and Robert J. Jackson, Jr.
• w11908 December 2005 Who Should Govern Congress? Access to Power and the Salary Grab of 1873
  Lee J. Alston, Jeffery A. Jenkins, and Tomas Nonnenmacher
• w11852 December 2005 Platform Owner Entry and Innovation in Complementary Markets: Evidence from Intel
  Annabelle Gawer and Rebecca Henderson
• w11859 December 2005 The Generational Divide in Support for Environmental Policies: European Evidence
  Joni Hersch and W. Kip Viscusi
• w11861 December 2005 Can Standard Preferences Explain the Prices of out of the Money S&P 500 Put Options
  Luca Benzoni, Pierre Collin-Dufresne, and Robert S. Goldstein
• w11862 December 2005 How Do Budget Deficits and Economic Growth Affect Reelection Prospects? Evidence from a Large Cross-Section of Countries
  Adi Brender and Allan Drazen
• w11863 December 2005 The Perception and Valuation of the Risks of Climate Change: A Rational and Behavioral Blend
  W. Kip Viscusi and Richard Zeckhauser
• w11864 December 2005 Equilibrium Commodity Prices with Irreversible Investment and Non-Linear Technology
  Jaime Casassus, Pierre Collin-Dufresne, and Bryan R. Routledge
• w11865 December 2005 Confronting Divergent Interests in Cross-Country Regulatory Arrangements
  Edward J. Kane
• w11866 December 2005 A Dual Policy Paradox: Why Have Trade and Immigration Policies Always Differed in Labor-Scarce Economies
  Timothy J. Hatton and Jeffrey G. Williamson
• w11867 December 2005 Thinking Ahead: The Decision Problem
  Patrick Bolton and Antoine Faure-Grimaud
• w11868 December 2005 The Net Asset Position of the U.S. National Government, 1784-1802: Hamilton's Blessing or the Spoils of War?
  Farley Grubb
• w11869 December 2005 Are Countercyclical Fiscal Policies Counterproductive?
  David B. Gordon and Eric M. Leeper
• w11870 December 2005 The Response of Prices, Sales, and Output to Temporary Changes in Demand
  Adam Copeland and George Hall
• w11871 December 2005 The Economic Impact of AIDS Treatment: Labor Supply in Western Kenya
  Harsha Thirumurthy, Joshua Graff-Zivin, and Markus Goldstein
• w11872 December 2005 Games Parents and Adolescents Play: Risky Behaviors, Parental Reputation, and Strategic Transfers
  Lingxin Hao, V. Joseph Hotz, and Ginger Z. Jin
• w11873 December 2005 The Impact of Regulations on the Supply and Quality of Care in Child Care Markets
  V. Joseph Hotz and Mo Xiao
• w11874 December 2005 Generalizing the Taylor Principle
  Troy Davig and Eric M. Leeper
• w11875 December 2005 The Future of Drug Development: The Economics of Pharmacogenomics
  John A. Vernon and W. Keener Hughen
• w11876 December 2005 Technological Revolutions and Stock Prices
  Lubos Pastor and Pietro Veronesi
• w11877 December 2005 Pensions for an Aging Population
  Peter Diamond
• w11878 December 2005 The More Things Change, The More They Stay the Same: Trends in Long-term Employment in the United States, 1969-2002
  Ann Huff Stevens
• w11879 December 2005 Fast-Food Restaurant Advertising on Television and Its Influence on Childhood Obesity
  Shin-Yi Chou, Inas Rashad, and Michael Grossman
• w11880 December 2005 Monitoring Works: Getting Teachers to Come to School
  Esther Duflo and Rema Hanna
• w11881 December 2005 The Demand for Social Interaction
  Henry Saffer
• w11882 December 2005 Investor Sentiment and Corporate Finance: Micro and Macro
  Owen A. Lamont and Jeremy C. Stein
• w11883 December 2005 The Law and Economics of Self-Dealing
  Simeon Djankov, Rafael LaPorta, Florencio Lopez-de-Silanes, and Andrei Shleifer
• w11884 December 2005 Did Vasco da Gama Matter for European Markets? Testing Frederick Lane's Hypotheses Fifty Years Later
  Kevin H. O'Rourke and Jeffrey G. Williamson
• w11885 December 2005 Contractual Versus Generic Outsourcing: The Role of Proximity
  Robert C. Feenstra and Barbara J. Spencer
• w11886 December 2005 Firm Expansion and CEO Pay
  Lucian Bebchuk and Yaniv Grinstein
• w11887 December 2005 Measuring Aggregate Productivity Growth Using Plant-Level Data
  Amil Petrin and James Levinsohn
• w11888 December 2005 Mismatch
  Robert Shimer
• w11833 December 2005 Who's Going Broke? Comparing Growth in Healthcare Costs in Ten OECD Countries
  Christian Hagist and Laurence Kotlikoff
• w11834 December 2005 Financial System Risk and Flight to Quality
  Ricardo Caballero and Arvind Krishnamurthy
• w11835 December 2005 New Evidence on the Causal Link Between the Quantity and Quality of Children
  Joshua D. Angrist, Victor Lavy, and Analia Schlosser
• w11836 December 2005 Rising Family Income Inequality in the United States, 1968-2000: Impacts of Changing Labor Supply, Wages, and Family Structure
  Chulhee Lee
• w11837 December 2005 The Cost of Caring for Young Children
  Dan T. Rosenbaum and Christopher J. Ruhm
• w11838 December 2005 Persuasion in Finance
  Sendhil Mullainathan and Andrei Shleifer
• w11839 December 2005 Firm Fragmentation and Urban Patterns
  Esteban Rossi-Hansberg, Pierre-Daniel Sarte, and Raymond Owens III
• w11840 December 2005 The Information in Long-Maturity Forward Rates: Implications for Exchange Rates and the Forward Premium Anomaly
  Jacob Boudoukh, Matthew Richardson, and Robert Whitelaw
• w11841 December 2005 The Myth of Long-Horizon Predictability
  Jacob Boudoukh, Matthew Richardson, and Robert Whitelaw
• w11842 December 2005 Where Did the Productivity Growth Go? Inflation Dynamics and the Distribution of Income
  Ian Dew-Becker and Robert J. Gordon
• w11843 December 2005 Demand-Based Option Pricing
  Nicolae Garleanu, Lasse Heje Pedersen, and Allen M. Poteshman
• w11844 December 2005 How Changes in Entry Requirements Alter the Teacher Workforce and Affect Student Achievement
  Donald Boyd, Pamela Grossman, Hamilton Lankford, Susanna Loeb, and James Wyckoff
• w11845 December 2005 Equilibrium Bias of Technology
  Daron Acemoglu
• w11846 December 2005 Improving the Performance of the Education Sector: The Valuable, Challenging, and Limited Role of Random Assignment Evaluations
  Richard J. Murnane and Richard R. Nelson
• w11847 December 2005 Competition in Large Markets
  Jeffrey R. Campbell
• w11848 December 2005 Search Profiling with Partial Knowledge of Deterrence
  Charles F. Manski
• w11849 December 2005 Inertia and Incentives: Bridging Organizational Economics and Organizational Theory
  Rebecca Henderson and Sarah Kaplan
• w11850 December 2005 Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model
  Axel Boersch-Supan, Alexander Ludwig, and Joachim Winter
• w11851 December 2005 Limits of Arbitrage: Theory and Evidence from the Mortgage-Backed Securities Market
  Xavier Gabaix, Arvind Krishnamurthy, and Olivier Vigneron
• w11853 December 2005 Three Current Account Balances: A "Semi-Structuralist" Interpretation
  Menzie D. Chinn and Jaewoo Lee
• w11854 December 2005 Optimal Inflation Stabilization in a Medium-Scale Macroeconomic Model
  Stephanie Schmitt-Grohe and Martin Uribe
• w11855 December 2005 The Impact of Provider Choice on Workers' Compensation Costs and Outcomes
  David Neumark, Peter S. Barth, and Richard Victor
• w11856 December 2005 Monetary Policy in a Changing International Environment: The Role of Global Capital Flows
  Martin Feldstein
• w11857 December 2005 Myths and Realities of American Political Geography
  Edward L. Glaeser and Bryce A. Ward
• w11858 December 2005 Simulating the Dynamic Macroeconomic and Microeconomic Effects of the FairTax
  Sabine Jokisch and Laurence J. Kotlikoff
• w11860 December 2005 Can the European Community Afford to Neglect the Need for More Accountable Safety-Net Management?
  Edward J. Kane
• w11807 December 2005 Well-Being, Social Capital and Public Policy: What's New?
  John Helliwell
• w11808 December 2005 Searching for Better Prospects: Endogenizing Falling Job Tenure and Private Pension Coverage
  Leora Friedberg, Michael T. Owyang, and Tara M. Sinclair
• w11809 December 2005 Consumer Benefits from Increased Competition in Shopping Outlets: Measuring the Effect of Wal-Mart
  Jerry Hausman and Ephraim Leibtag
• w11810 December 2005 Who Benefits from New Medical Technologies? Estimates of Consumer and Producer Surpluses for HIV/AIDS Drugs
  Tomas J. Philipson and Anupam B. Jena
• w11811 December 2005 Aching to Retire? The Rise in the Full Retirement Age and its Impact on the Disability Rolls
  Mark Duggan, Perry Singleton, and Jae Song
• w11812 December 2005 How Much is Too Much? The Influence of Preschool Centers on Children's Social and Cognitive Development
  Susanna Loeb, Margaret Bridges, Bruce Fuller, Russ Rumberger, and Daphna Bassok
• w11813 December 2005 Racial Sorting and Neighborhood Quality
  Patrick Bayer and Robert McMillan
• w11814 December 2005 How Big a Problem is Too Big to Fail?
  Frederic S. Mishkin
• w11815 December 2005 Optimal Monetary and Fiscal Policy in a Currency Union
  Jordi Gali and Tommaso Monacelli
• w11816 December 2005 Cash-Flow Risk, Discount Risk, and the Value Premium
  Tano Santos and Pietro Veronesi
• w11817 December 2005 Salary or Benefits?
  Paul Oyer
• w11818 December 2005 Medical Expenditure Risk and Household Portfolio Choice
  Dana Goldman and Nicole Maestas
• w11819 December 2005 The Welfare Effects of Restricted Hospital Choice in the US Medical Care Market
  Katherine Ho
• w11820 December 2005 Inattentive Producers
  Ricardo Reis
• w11821 December 2005 Towards a Theory of Firm Entry and Stabilization Policy
  Paul R. Bergin and Giancarlo Corsetti
• w11822 December 2005 Insurer-Provider Networks in the Medical Care Market
  Katherine Ho
• w11823 December 2005 Current Account Deficits in Industrial Countries: The Bigger They are, the Harder They Fall?
  Caroline Freund and Frank Warnock
• w11824 December 2005 Downside Risk
  Andrew Ang, Joseph Chen, and Yuhang Xing
• w11825 December 2005 Surviving Andersonville: The Benefits of Social Networks in POW Camps
  Dora L. Costa and Matthew E. Kahn
• w11826 December 2005 Efficiency and Welfare with Complementarities and Asymmetric Information
  George-Marios Angeletos and Alessandro Pavan
• w11827 December 2005 Modeling the Offshoring of White-Collar Services: From Comparative Advantage to the New Theories of Trade and FDI
  James Markusen
• w11828 December 2005 Trade in Ideal Varieties: Theory and Evidence
  David Hummels and Volodymyr Lugovskyy
• w11829 December 2005 The Effect of Firm-Level Contracts on the Structure of Wages: Evidence from Matched Employer-Employee Data
  David Card and Sara de la Rica
• w11830 December 2005 Do Capital Adequacy Requirements Matter for Monetary Policy?
  Stephen G. Cecchetti and Lianfi Li
• w11831 December 2005 Comparing Average and Marginal Tax Rates Under the FairTax and the Current System of Federal Taxation
  Laurence J. Kotlikoff and David Rapson
• w11832 December 2005 Universal Childcare, Maternal Labor Supply, and Family Well-Being
  Michael Baker, Jonathan Gruber, and Kevin Milligan
• w11776 November 2005 A Century of Housing Shelter Prices: Is There a Downward Bias in the CPI?
  Robert J. Gordon and Todd vanGoethem
• w11777 November 2005 What Caused the Decline in U.S. Business Cycle Volatility?
  Robert J. Gordon
• w11778 November 2005 The 1920s and the 1990s in Mutual Reflection
  Robert J. Gordon
• w11779 November 2005 Financial Crises and Political Crises
  Roberto Chang
• w11780 November 2005 The Theory of Public Enforcement of Law
  A. Mitchell Polinsky and Steven Shavell
• w11781 November 2005 Liability for Accidents
  Steven Shavell
• w11782 November 2005 The Effects of Wal-Mart on Local Labor Markets
  David Neumark, Junfu Zhang, and Stephen Ciccarella
• w11783 November 2005 The U.S. Constitution and Monetary Powers: An Analysis of the 1787 Constitutional Convention and Constitutional Transformation of the Nation's Monetary System Emerged
  Farley Grubb
• w11784 November 2005 Two Theories of Money Reconciled: The Colonial Puzzle Revisited with New Evidence
  Farley Grubb
• w11785 November 2005 Evaluation of Currency Regimes: The Unique Role of Sudden Stops
  Assaf Razin and Yona Rubinstein
• w11786 November 2005 Pay Inequality, Pay Secrecy, and Effort: Theory and Evidence
  Gary Charness and Peter Kuhn
• w11787 November 2005 Openness Can be Good for Growth: The Role of Policy Complementarities
  Roberto Chang, Linda Kaltani, and Norman Loayza
• w11788 November 2005 Robustness of the Estimates of the Hybrid New Keynesian Phillips Curve
  Jordi Gali, Mark Gertler, and David Lopez-Salido
• w11789 November 2005 Paternalism and Psychology
  Edward L. Glaeser
• w11790 November 2005 Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program
  Michael Greenstone and Justin Gallagher
• w11791 November 2005 Output Costs, Currency Crises, and Interest Rate Defense of a Peg
  Amartya Lahiri and Carlos A. Vegh
• w11792 November 2005 Establishing Credibility: Evolving Perceptions of the European Central Bank
  Linda S. Goldberg and Michael W. Klein
• w11794 November 2005 The Effect of Randomized School Admissions on Voter Participation
  Justine S. Hastings, Thomas J. Kane, Douglas O. Staiger, and Jeffrey M. Weinstein
• w11793 November 2005 An Analysis of the Impact of Affirmative Action Programs on Self-Employment in the Construction Industry
  David G. Blanchflower and Jon Wainwright
• w11795 November 2005 Stuck on Gold: Real Exchange Rate Volatility and the Rise and Fall of the Gold Standard
  Natalia Chernyshoff, David S. Jacks, and Alan M. Taylor
• w11796 November 2005 From the Cradle to the Labor Market? The Effect of Birth Weight on Adult Outcomes
  Sandra E. Black, Paul J. Devereux, and Kjell Salvanes
• w11797 November 2005 Motivations for Public Equity Offers: An International Perspective
  Woojin Kim and Michael S. Weisbach
• w11798 November 2005 Foreign Subsidization and Excess Capacity
  Bruce A. Blonigen and Wesley W. Wilson
• w11799 November 2005 Creative Careers: The Life Cycles of Nobel Laureates in Economics
  Bruce A. Weinberg and David W. Galenson
• w11800 November 2005 The Industry Origins of Japanese Economic Growth
  Dale W. Jorgenson and Koji Nomura
• w11801 November 2005 Information Technology and the Japanese Economy
  Dale W. Jorgenson and Kazuyuki Motohashi
• w11802 November 2005 Choice and Competition in Local Education Markets
  Patrick Bayer and Robert McMillan
• w11803 November 2005 What Can Rational Investors Do About Excessive Volatility and Sentiment Fluctuations?
  Bernard Dumas, Alexander Kurshev, and Raman Uppal
• w11804 November 2005 Market Structure, Outgrower contracs and Farm Output. Evidence from Cotton Reforms in Zambia
  Irene Brambilla and Guido Porto
• w11805 November 2005 Parental Preferences and School Competition: Evidence from a Public School Choice Program
  Justine S. Hastings, Thomas J. Kane, and Douglas O. Staiger
• w11806 November 2005 Real Wage Rigidities and the New Keynesian Model
  Olivier Blanchard and Jordi Gali
• w11752 November 2005 Buyer Investment, Product Variety, and Intrafirm Trade
  Robert C. Feenstra and Yongmin Chen
• w11753 November 2005 Monitoring Corruption: Evidence from a Field Experiment in Indonesia
  Benjamin A. Olken
• w11754 November 2005 The Transformation of Hunger: The Demand for Calories Past and Present
  Trevon D. Logan
• w11755 November 2005 Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets
  Xavier Gabaix and David Laibson
• w11756 November 2005 Tax Changes and Asset Pricing: Time-Series Evidence
  Clemens Sialm
• w11757 November 2005 An Information-Based Trade Off between Foreign Direct Investment and Foreign Portfolio Investment
  Itay Goldstein and Assaf Razin
• w11758 November 2005 The Role of Beliefs in Inference for Rational Expectations Models
  Bruce N. Lehmann
• w11759 November 2005 How's the Job? Well-Being and Social Capital in the Workplace
  John F. Heliwell and Haifang Huang
• w11760 November 2005 Why do Unemployment Benefits Raise Unemployment Durations? Moral Hazard vs. Liquidity
  Raj Chetty
• w11761 November 2005 Current Account Balances, Financial Development and Institutions: Assaying the World "Savings Glut"
  Menzie D. Chinn and Hiro Ito
• w11762 November 2005 Cities and Countries
  Andrew K. Rose
• w11763 November 2005 A Simple Test of Adverse Events and Strategic Timing Theories of Consumer Bankruptcy
  Li Gan and Tarun Sabarwal
• w11764 November 2005 General Equilibrium Analysis of the Eaton-Kortum Model of International Trade
  Fernando Alvarez and Robert E. Lucas
• w11765 November 2005 Internet Advertising and the Generalized Second Price Auction: Selling Billions of Dollars Worth of Keywords
  Benjamin Edelman, Michael Ostrovsky, and Michael Schwarz
• w11766 November 2005 Unobserved Actions of Mutual Funds
  Marcin Kacperczyk, Clemens Sialm, and Lu Zheng
• w11767 November 2005 To Leave or Not To Leave: The Distribution of Bequest Motives
  Wojciech Kopczuk and Joseph Lupton
• w11768 November 2005 Electronic Filing, Tax Preparers, and Participation in the Earned Income Tax Credit
  Wojciech Kopczuk and Cristian Pop-Eleches
• w11769 November 2005 What Defines "News" in Foreign Exchange Markets?
  Kathryn Dominguez and Freyan Panthaki
• w11770 November 2005 Drug Advertising and Health Habit
  Toshiaki Iizuka and Ginger Zhe Jin
• w11771 November 2005 Interest Rates, Exchange Rates and International Adjustment
  Michael P. Dooley, David Folkerts-Landau, and Peter M. Garber
• w11772 November 2005 The Creation of the Rule of Law and the Legitimacy of Property Rights: The Political and Economic Consequences of a Corrupt Privatization
  Karla Hoff and Joseph E. Stiglitz
• w11773 November 2005 How Does Information Technology Really Affect Productivity? Plant-Level Comparisons of Product Innovation, Process Improvement and Worker Skills
  Ann P. Bartel, Casey Ichniowski, and Kathryn L. Shaw
• w11774 November 2005 The Complementary Role of Exports and R&D Investments as Sources of Productivity Growth
  Bee Yan Aw, Mark J. Roberts, and Tor Winston
• w11775 November 2005 Roughing it Up: Including Jump Components in the Measurement, Modeling and Forecasting of Return Volatility
  Torben G. Andersen, Tim Bollerslev, and Francis X. Diebold
• w11729 November 2005 Behavioral Responses to Taxes: Lessons from the EITC and Labor Supply
  Nada Eissa and Hilary Hoynes
• w11722 November 2005 Institutional Investors and Stock Market Volatility
  Xavier Gabaix, Parameswaran Gopikrishnan, Vasiliki Plerou, and H. Eugene Stanley
• w11728 November 2005 Has Financial Development Made the World Riskier?
  Raghuram G. Rajan
• w11730 November 2005 Mughal Decline, Climate Change, and Britain's Industrial Ascent: An Integrated Perspective on India's 18th and 19th Century Deindustrialization
  David Clingingsmith and Jeffrey G. Williamson
• w11731 November 2005 Precautionary Savings and the Importance of Business Owners
  Erik Hurst, Arthur Kennickell, Annamaria Lusardi, and Francisco Torralba
• w11732 November 2005 Colorism and African American Wealth: Evidence from the Nineteenth-Century South
  Howard Bodenhorn and Christopher S. Ruebeck
• w11733 November 2005 Monetary Policy with Model Uncertainty: Distribution Forecast Targeting
  Lars Svensson and Noah Williams
• w11734 November 2005 Usury Ceilings, Relationships and Bank Lending Behavior: Evidence from Nineteenth Century
  Howard Bodenhorn
• w11735 November 2005 A Portfolio View of Consumer Credit
  David K. Musto and Nicholas S. Souleles
• w11736 November 2005 Stock Returns and Expected Business Conditions: Half a Century of Direct Evidence
  Sean D. Campbell and Francis X. Diebold
• w11737 November 2005 Underground Gun Markets
  Philip J. Cook, Jens Ludwig, Sudhir Venkatesh, and Anthony A. Braga
• w11738 November 2005 Debiasing through Law
  Christine Jolls and Cass R. Sunstein
• w11739 November 2005 Identifying Age, Cohort and Period Effects in Scientific Research Productivity: Discussion and Illustration Using Simulated and Actual Data on French Physicists
  Bronwyn H. Hall, Jacques Mairesse, and Laure Turner
• w11740 November 2005 Hard Targets: Theory and Evidence on Suicide Attacks
  Eli Berman and David Laitin
• w11741 November 2005 Default Risk Sharing Between Banks and Markets: The Contribution of Collateralized Debt Obligations
  Guenter Franke and Jan Pieter Krahnen
• w11742 November 2005 Temporary Agency Employment as a Way out of Poverty?
  David Autor and Susan Houseman
• w11743 November 2005 Do Temporary Help Jobs Improve Labor Market Outcomes for Low-Skilled Workers? Evidence from 'Work First'
  David H. Autor and Susan Houseman
• w11744 November 2005 "The War for the Fare": How Driver Compensation Affects Bus System Performance
  Ryan M. Johnson, David H. Reiley, and Juan Carlos Munoz
• w11745 November 2005 A Customs Union with Multinational Firms: The Automobile Market in Argentina and Brazil
  Irene Brambilla
• w11746 November 2005 A Dynamic Measure of Inflation
  Ricardo Reis
• w11747 November 2005 Socially Responsible Investment in Japanese Pensions
  Henry Hongbo Jin, Olivia S. Mitchell, and John Piggott
• w11748 November 2005 Understanding Order Flow
  Martin D. D. Evans and Richard K. Lyons
• w11749 November 2005 Can IT be Japan's Savior?
  Fumio Hayashi and Koji Nomura
• w11750 November 2005 European Unemployment: The Evolution of Facts and Ideas
  Olivier Blanchard
• w11751 November 2005 Why Don't More Puerto Rican Men Work? The Rich Uncle (Sam) Hypothesis
  Maria Enchautegui and Richard B. Freeman
• w11719 October 2005 Supply Capacity, Vertical Specialization and Tariff Rates: The Implications for Aggregate U.S. Trade Flow Equations
  Menzie D. Chinn
• w11720 October 2005 Local Public Good Provision: Voting, Peer Effects, and Mobility
  Stephen Calabrese, Dennis Epple, Thomas Romer, and Holger Sieg
• w11721 October 2005 Training, Wages, and Sample Selection: Estimating Sharp Bounds on Treatment Effects
  David S. Lee
• w11723 October 2005 Moral Hazard in Nursing Home Use
  David C. Grabowski and Jonathan Gruber
• w11724 October 2005 Assessing the Safety and Efficacy of the FDA: The Case of the Prescription Drug User Fee Acts
  Tomas J. Philipson, Ernst R. Berndt, Adrian H. B. Gottschalk, and Matthew W. Strobeck
• w11725 October 2005 Using Experimental Economics to Measure the Effects of a Natural Educational Experiment on Altruism
  Eric Bettinger and Robert Slonim
• w11726 October 2005 Turning Workers into Savers? Incentives, Liquidity, and Choice in 401(k) Plan Design
  Olivia S. Mitchell, Stephen P. Utkus, and Tongxuan (Stella) Yang
• w11727 October 2005 U.S. v. Microsoft: Did Consumers Win?
  David S. Evans, Albert L. Nichols, and Richard Schmalensee
• t0319 October 2005 Edgeworth Expansions for Realized Volatility and Related Estimators
  Lan Zhang, Per A. Mykland, and Yacine Ait-Sahalia
• w11701 October 2005 International Capital Flows, Returns and World Financial Integration
  Martin D. D. Evans and Viktoria Hnatkovska
• w11702 October 2005 Does Head Start Improve Children's Life Chances? Evidence from a Regression Discontinuity Design
  Jens Ludwig and Douglas L. Miller
• w11703 October 2005 Macro Factors in Bond Risk Premia
  Sydeny C. Ludvigson and Serena Ng
• w11704 October 2005 Contraception as Development? New Evidence from Family Planning in Colombia
  Grant Miller
• w11705 October 2005 Does the Profit Motive Make Jack Nimble? Ownership Form and the Evolution of the U.S. Hospital Industry
  Sujoy Chakravarty, Martin Gaynor, Steven Klepper, and William B. Vogt
• w11706 October 2005 A Re-Examination of the Border Effect
  Yuriy Gorodnichenko and Linda Tesar
• w11707 October 2005 The Effects of Cardiac Specialty Hospitals on the Cost and Quality of Medical Care
  Jason R. Barro, Robert S. Huckman, and Daniel P. Kessler
• w11708 October 2005 Income Risk and the Benefits of Social Insurance: Evidence from Indonesia and the United States
  Raj Chetty and Adam Looney
• w11709 October 2005 Consumption Smoothing and the Welfare Consequences of Social Insurance in Developing Economies
  Raj Chetty and Adam Looney
• w11710 October 2005 Job Hopping in Silicon Valley: Some Evidence Concerning the Micro-Foundations of a High Technology Cluster
  Bruce Fallick, Charles A. Fleischmann, and James B. Rebitzer
• w11711 October 2005 Dams
  Esther Duflo and Rohini Pande
• w11712 October 2005 Changing Looks and Changing "Discrimination:" The Beauty of Economists
  Daniel S. Hamermesh
• w11713 October 2005 Monetary and Exchange Rate Policy Coordination in ASEAN 1
  William H. Branson and Conor N. Healy
• w11714 October 2005 Review of A History of the Federal Reserve. Volume 1 (2003) by Allan H. Meltzer
  Michael D. Bordo
• w11715 October 2005 Do the Young British Artists Rule (or: Has London Stolen the Idea of Postmodern Art from New York?): Evidence from the Auction Market
  David W. Galenson
• w11716 October 2005 A Political-Economy Theory of Trade Agreements
  Giovanni Maggi and Andres Rodriguez-Clare
• w11717 October 2005 Foreign Direct Investment and Domestic Economic Activity
  Mihir A. Desai, C. Fritz Foley, and James R. Hines Jr.
• w11718 October 2005 Y2K and Offshoring: The Role of External Economies and Firm Heterogeneity
  Devashish Mitra and Priya Ranjan
• w11693 October 2005 Work Hours, Wages, and Vacation Leave
  Joseph G. Altonji and Emiko Usui
• w11694 October 2005 Measures of Per Capita Hours and their Implications for the Technology-Hours Debate
  Neville Francis and Valerie A. Ramey
• w11695 October 2005 Historical Financing of Small- and Medium-Sized Enterprises
  Robert Cull, Lance E. Davis, Naomi R. Lamoreaux, and Jean-Laurent Rosenthal
• w11696 October 2005 Capital Flows in a Globalized World: The Role of Policies and Institutions
  Laura Alfaro, Sebnem Kalemli-Ozcan, and Vadym Volosovych
• w11697 October 2005 Do Local Analysts Know More? A Cross-Country Study of the Performance of Local Analysts and Foreign Analysts
  Kee-Hong Bae, Rene M. Stulz, and Hongping Tan
• w11698 October 2005 Banking System Stability: A Cross-Atlantic Perspective
  Philipp Hartmann, Stefan Straetmans, and Casper G. De Vries
• w11699 October 2005 The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations
  Ariel Burstein, Martin Eichenbaum, and Sergio Rebelo
• w11700 October 2005 Good bye Lenin (or not?): The Effect of Communism on People's Preferences
  Alberto Alesina and Nichola Fuchs Schuendeln
• t0315 October 2005 Convergence Properties of the Likelihood of Computed Dynamic Models
  Jesus Fernandez-Villaverde, Juan Rubio, and Manuel Santos
• t0316 October 2005 Dynamic Discrete Choice and Dynamic Treatment Effects
  James J. Heckman and Salvador Navarro
• t0317 October 2005 Generalized Stochastic Gradient Learning
  George W. Evans, Seppo Honkapohja, and Noah Williams
• t0318 October 2005 Solving General Equilibrium Models with Incomplete Markets and Many Assets
  Martin D. D. Evans and Viktoria Hnatkovska
• w11681 October 2005 Poverty in America: Trends and Explanations
  Hilary Hoynes, Marianne Page, and Ann Stevens
• w11682 October 2005 Markov Forecasting Methods for Welfare Caseloads
  Jeffrey Grogger
• w11683 October 2005 Investor Inattention, Firm Reaction, and Friday Earnings Announcements
  Stefano DellaVigna and Joshua Pollet
• w11684 October 2005 The Labor Market and Macro Volatility: A Nonstationary General-Equilibrium Analysis
  Robert E. Hall
• w11685 October 2005 The Risk-Adjusted Cost of Financial Distress
  Heitor Almeida and Thomas Philippon
• w11686 October 2005 Who Bears the Corporate Tax? A review of What We Know
  Alan J. Auerbach
• w11687 October 2005 Fiscal Hedging and the Yield Curve
  Hanno Lustig, Christopher Sleet, and Sevin Yeltekin
• w11688 October 2005 Airplanes and Comparative Advantage
  James Harrigan
• w11689 October 2005 Liquidity and Insurance for the Unemployed
  Robert Shimer and Ivan Werning
• w11690 October 2005 Race and Health Disparities Among Seniors in Urban Areas in Brazil
  Antonio J. Trujillo, John A. Vernon, Laura Rodriguez Wong, and Gustavo Angeles
• w11691 October 2005 Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies
  Enrique G. Mendoza
• w11692 October 2005 More on Unemployment and Vacancy Fluctuations
  Dale T. Mortensen and Eva Nagypal
• w11630 October 2005 Deficits and Debt in the Short and Long Run
  Benjamin M. Friedman
• w11644 October 2005 Who Are the Greatest Living Artists? The View from the Auction Market
  David W. Galenson
• w11645 October 2005 Barriers To Entry
  Dennis W. Carlton
• w11646 October 2005 Monetary-Fiscal Policy Interactions and the Price Level: Background and Beyond
  Eric M. Leeper and Tack Yun
• w11647 October 2005 Employment Dynamics and Business Relocation: New Evidence from the National Establishment Time Series
  David Neumark, Junfu Zhang, and Brandon Wall
• w11648 October 2005 Trusting the Stock Market
  Luigi Guiso, Paola Sapienza, and Luigi Zingales
• w11649 October 2005 Entry and Competition in Local Hospital Markets
  Jean M. Abraham, Martin S. Gaynor, and William B. Vogt
• w11650 October 2005 Heterogeneous Firms, Agglomeration and Economic Geography: Spatial Selection and Sorting
  Richard Baldwin and Toshihiro Okubo
• w11651 October 2005 Separating the Business Cycle from Other Economic Fluctuations
  Robert E. Hall
• w11652 October 2005 Pegged Exchange Rate Regimes -- A Trap?
  Joshua Aizenman and Reuven Glick
• w11653 October 2005 Trade Invoicing in the Accession Countries: Are They Suited to the Euro?
  Linda Goldberg
• w11654 October 2005 The Decline of the Independent Inventor: A Schumpterian Story?
  Naomi R. Lamoreaux and Kenneth L. Sokoloff
• w11655 October 2005 Is It Is or Is It Ain't My Obligation? Regional Debt in a Fiscal Federation
  Russell Cooper, Hubert Kempf, and Dan Peled
• w11656 October 2005 Factor Adjustments After Deregulation: Panel Evidence from Colombian Plants
  Marcela Eslava, John Haltiwanger, Adriana Kugler, and Maurice Kugler
• w11657 October 2005 What Undermines Aid's Impact on Growth?
  Raghuram G. Rajan and Arvind Subramanian
• w11658 October 2005 Effects of Employment Protection on Worker and Job Flows: Evidence from the 1990 Italian Reform
  Adriana Kugler and Giovanni Pica
• w11659 October 2005 How Unobservable Productivity Biases the Value of a Statistical Life
  Thomas J. Kniesner, W. Kip Viscusi, Christopher Woock, and James P. Ziliak
• w11660 October 2005 Teachers and the Gender Gaps in Student Achievement
  Thomas S. Dee
• w11661 October 2005 Puzzling Tax Structures in Developing Countries: A Comparison of Two Alternative Explanations
  Roger Gordon and Wei Li
• w11662 October 2005 Hospital Ownership and Financial Performance: A Quantitative Research Review
  Yu-Chu Shen, Karen Eggleston, Joseph Lau, and Christopher Schmid
• w11663 October 2005 Religious Extremism: The Good, The Bad, and The Deadly
  Eli Berman and Laurence R. Iannaccone
• w11664 October 2005 Media Bias and Reputation
  Matthew Gentzkow and Jesse Shapiro
• w11665 October 2005 Tax Reform and Environmental Taxation
  Gilbert E. Metcalf
• w11666 October 2005 Pillar 1 vs. Pillar 2 Under Risk Management
  Loriana Pelizzon and Stephen Schaefer
• w11667 October 2005 The Effect of Joint and Several Liability Under Superfund on Brownfields
  Howard F. Chang and Hilary Sigman
• w11668 October 2005 Will China Eat Our Lunch or Take Us Out to Dinner? Simulating the Transition Paths of the U.S., EU, Japan, and China
  Hans Fehr, Sabine Jokisch, and Laurence J. Kotlikoff
• w11669 October 2005 The End of Large Current Account Deficits, 1970-2002: Are There Lessons for the United States?
  Sebastian Edwards
• w11670 October 2005 Expanding School Enrollment by Subsidizing Private Schools: Lessons from Bogotá
  Claudia Uribe, Richard J. Murnane, John B. Willett, and Marie Andrée Somers
• w11671 October 2005 Measuring the Efficiency of an FCC Spectrum Auction
  Patrick Bajari and Jeremy T. Fox
• w11672 October 2005 Rethinking the Gains from Immigration: Theory and Evidence from the U.S.
  Gianmarco I.P. Ottaviano and Giovanni Peri
• w11673 October 2005 Estimation and Identification of Merger Effects: An Application to Hospital Mergers
  Leemore S. Dafny
• w11674 October 2005 Minorities and Storable Votes
  Alessandra Casella, Thomas Palfrey, and Raymond Riezman
• w11675 October 2005 Fractional Treatment Rules for Social Diversification of Indivisible Private Risks
  Charles F. Manski
• w11676 October 2005 Price Discrimination, Copyright Law, and Technological Innovation: Evidence from the Introduction of DVDs
  Julie Holland Mortimer
• w11677 October 2005 Health Risk, Income, and Employment-Based Health Insurance
  M. Kate Bundorf, Bradley Herring, and Mark Pauly
• w11678 October 2005 Job Loss, Job Finding, and Unemployment in the U.S. Economy Over the Past Fifty Years
  Robert E. Hall
• w11679 October 2005 The Climate for Business Development and Employment Growth in Puerto Rico
  Steven J. Davis and Luis Rivera-Batiz
• w11680 October 2005 Saving Incentives for Low- and Middle-Income Families: Evidence from a Field Experiment with H&R Block
  Esther Duflo, William Gale, Jeffrey Liebman, Peter Orszag, and Emmanuel Saez
• w11631 September 2005 The Law and Economics of Antidiscrimination Law
  John J. Donohue III
• w11632 September 2005 Exchange-Rate Pass-Through to Import Prices in the Euro Area
  José Manuel Campa, Linda S. Goldberg, and José M. González-Mínguez
• w11633 September 2005 Rational Inattention: A Solution to the Forward Discount Puzzle
  Philippe Bacchetta and Eric van Wincoop
• w11634 September 2005 Current Account Reversals: Always a Problem?
  Barry Eichengreen and Muge Adalet
• w11635 September 2005 Bribery: Who Pays, Who Refuses, What Are the Payoffs?
  Jennifer Hunt and Sonia Laszlo
• w11636 September 2005 Do School-To-Work Programs Help the "Forgotten Half"?
  David Neumark and Donna Rothstein
• w11637 September 2005 Tradability, Productivity, and Understanding International Economic Integration
  Paul R. Bergin and Reuven Glick
• w11638 September 2005 Modeling Exchange-Rate Passthrough After Large Devaluations
  Ariel Burstein, Martin Eichenbaum, and Sergio Rebelo
• w11639 September 2005 Bilateral FDI Flows: Threshold Barriers and Productivity Shocks
  Assaf Razin, Efraim Sadka, and Hui Tong
• w11640 September 2005 Capital Flows and Controls in Brazil: What Have We Learned?
  Ilan Goldfajn and André Minella
• w11641 September 2005 Globalization and Inflation-Output Tradeoffs
  Assaf Razin and Prakash Loungani
• w11642 September 2005 Technology Adoption In and Out of Major Urban Areas: When Do Internal Firm Resources Matter Most?
  Chris Forman, Avi Goldfarb, and Shane Greenstein
• w11643 September 2005 Assessing High House Prices: Bubbles, Fundamentals, and Misperceptions
  Charles Himmelberg, Christopher Mayer, and Todd Sinai
• t0314 September 2005 Instrumental Variables Methods in Experimental Criminological Research: What, Why, and How?
  Joshua Angrist
• w11615 September 2005 Smart Cities: Quality of Life, Productivity, and the Growth Effects of Human Capital
  Jesse M. Shapiro
• w11616 September 2005 The Behavioralist Meets the Market: Measuring Social Preferences and Reputation Effects in Actual Transactions
  John A. List
• w11617 September 2005 The Divergence of Human Capital Levels Across Cities
  Christopher R. Berry and Edward L. Glaeser
• w11618 September 2005 Bubbles and Capital Flow Volatility: Causes and Risk Management
  Ricardo J. Caballero and Arvind Krishnamurthy
• w11619 September 2005 The Aggregate Effects of Health Insurance: Evidence from the Introduction of Medicare
  Amy Finkelstein
• w11620 September 2005 Death and Development
  Peter Lorentzen, John McMillan, and Romain Wacziarg
• w11621 September 2005 Welfare Reform, Returns to Experience, and Wages: Using Reservation Wages to Account for Sample Selection Bias
  Jeffrey Grogger
• w11622 September 2005 Does Social Security Privatization Produce Efficiency Gains?
  Shinichi Nishiyama and Kent Smetters
• w11623 September 2005 Supporting "The Best and Brightest" in Science and Engineering: NSF Graduate Research Fellowships
  Richard B. Freeman, Tanwin Chang, and Hanley Chiang
• w11624 September 2005 Venture Capital Contracting and Syndication: An Experiment in Computational Corporate Finance
  Zsuzsanna Fluck, Kedran Garrison, and Stewart C. Myers
• w11625 September 2005 Can a Rapidly-Growing Export-Oriented Economy Smoothly Exit an Exchange Rate Peg? Lessons for China from Japan's High-Growth Era
  Barry Eichengreen and Mariko Hatase
• w11626 September 2005 Distributional Impacts of the Self-Sufficiency Project
  Marianne P. Bitler, Jonah B. Gelbach, and Hilary W. Hoynes
• w11627 September 2005 Trends in U.S. Wage Inequality: Re-Assessing the Revisionists
  David H. Autor, Lawrence F. Katz, and Melissa S. Kearney
• w11628 September 2005 Rising Wage Inequality: The Role of Composition and Prices
  David H. Autor, Lawrence F. Katz, and Melissa S. Kearney
• w11629 September 2005 Hours Worked: Long-Run Trends
  Jeremy Greenwood and Guillaume Vandenbroucke
• w11589 September 2005 A Global Perspective on External Positions
  Philip R. Lane and Gian Maria Milesi-Ferretti
• w11590 September 2005 Endogenous Fertility, Mortality and Economic Growth: Can a Malthusian Framework Account for the Conflicting Historical Trends in Population?
  Isaac Ehrlich and Jinyoung Kim
• w11591 September 2005 Evidence that Seat Belts are as Effective as Child Safety Seats in Preventing Death for Children Aged Two and Up
  Steven D. Levitt
• w11592 September 2005 Eat, Drink, Firms and Government: An Investigation of Corruption from Entertainment and Travel Costs of Chinese Firms
  Hongbin Cai, Hanming Fang, and Lixin Colin Xu
• w11593 September 2005 Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence
  Francesco Giavazzi, Tullio Jappelli, Marco Pagano, and Marina Benedetti
• w11594 September 2005 Wealth Transfers from Implementing Real-Time Retail Electricity Pricing
  Severin Borenstein
• w11595 September 2005 Why Are Some Public Officials more Corrupt Than Others?
  Jennifer Hunt
• w11596 September 2005 Declining Volatility in the U.S. Automobile Industry
  Valerie A. Ramey and Daniel J. Vine
• w11597 September 2005 Do Accountability and Voucher Threats Improve Low-Performing Schools?
  David N. Figlio and Cecilia Rouse
• w11598 September 2005 The 2004 Global Labor Survey: Workplace Institutions and Practices Around the World
  Davin Chor and Richard B. Freeman
• w11599 September 2005 Workplace Segregation in the United States: Race, Ethnicity, and Skill
  Judith Hellerstein and David Neumark
• w11600 September 2005 Why is Fiscal Policy Often Procyclical?
  Alberto Alesina and Guido Tabellini
• w11601 September 2005 Lifecycle Prices and Production
  Mark Aguiar and Erik Hurst
• w11602 September 2005 Insurance and Innovation in Health Care Markets
  Darius Lakdawalla and Neeraj Sood
• w11603 September 2005 The Industrial Organization of Markets with Two-Sided Platforms
  David S. Evans and Richard Schmalensee
• w11604 September 2005 Building the Stock of College-Educated Labor
  Susan Dynarski
• w11605 September 2005 Disability Risk and the Value of Disability Insurance
  Amitabh Chandra and Andrew A. Samwick
• w11606 September 2005 Euler Equation Errors
  Martin Lettau and Sydney C. Ludvigson
• w11607 September 2005 "Aggregation Bias" DOES Explain the PPP Puzzle
  Jean Imbs, Haroon Mumtaz, Morten O. Ravn, and Hélène Rey
• w11608 September 2005 Estimating Bank Trading Risk: A Factor Model Approach
  James O'Brien and Jeremy Berkowitz
• w11609 September 2005 What Did Medicare Do (And Was It Worth It)?
  Amy Finkelstein and Robin McKnight
• w11610 September 2005 Native Internal Migration and the Labor Market Impact of Immigration
  George J. Borjas
• w11611 September 2005 Toward an Understanding of the Economics of Charity: Evidence from a Field Experiment
  Craig Landry, Andreas Lange, John A. List, Michael K. Price, and Nicholas G. Rupp
• w11612 September 2005 Recent Trends in Resource Sharing Among the Poor
  Steven J. Haider and Kathleen McGarry
• w11613 September 2005 The Effect of Child Access Prevention Laws on Non-Fatal Gun Injuries
  Jeff DeSimone and Sara Markowitz
• w11614 September 2005 Trade Liberalization, Poverty, and Inequality: Evidence from Indian Districts
  Petia Topalova
• w11581 August 2005 What Are Firms? Evolution from Birth to Public Companies
  Steven N. Kaplan, Berk A. Sensoy, and Per Strömberg
• w11582 August 2005 Education and Nonmarket Outcomes
  Michael Grossman
• w11583 August 2005 Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing
  Hamid Faruqee, Douglas Laxton, Dirk Muir, and Paolo Pesenti
• w11584 August 2005 The Super Size of America: An Economic Estimation of Body Mass Index and Obesity in Adults
  Inas Rashad, Michael Grossman, and Shin-Yi Chou
• w11585 August 2005 Determinants of City Growth in Brazil
  Daniel da Mata, U. Deichmann, J. Vernon Henderson, Somik V. Lall, and H.G. Wang
• w11586 August 2005 Seventy Years of Central Banking: The Bank of Canada in International Context, 1935-2005
  Michael D. Bordo and Angela Redish
• w11587 August 2005 The Intergenerational Effect of Worker Displacement
  Philip Oreopoulos, Marianne Page, and Ann Huff Stevens
• w11588 August 2005 Commitment, Risk, and Consumption: Do Birds of a Feather Have Bigger Nests?
  Stephen H. Shore and Todd Sinai
• t0313 August 2005 Inference with Weak Instruments
  Donald W.K. Andrews and James H. Stock
• w11565 August 2005 Collateral Damage: Trade Disruption and the Economic Impact of War
  Reuven Glick and Alan M. Taylor
• w11559 August 2005 Solving Models with External Habit
  Jessica A. Wachter
• w11560 August 2005 Borrowing Constraints and Consumption Behavior in Japan
  Midori Wakabayashi and Charles Yuji Horioka
• w11561 August 2005 Is Academic Science Driving a Surge in Industrial Innovation? Evidence from Patent Citations
  Lee Branstetter and Yoshiaki Ogura
• w11562 August 2005 The Incredible Volcker Disinflation
  Marvin Goodfriend and Robert King
• w11563 August 2005 From World Banker to World Venture Capitalist: US External Adjustment and the Exorbitant Privilege
  Pierre-Olivier Gourinchas and Hélène Rey
• w11564 August 2005 The Returns on Human Capital: Good News on Wall Street is Bad News on Main Street
  Hanno Lustig and Stijn Van Nieuwerburgh
• w11567 August 2005 Biology as Destiny? Short and Long-Run Determinants of Intergenerational Transmission of Birth Weight
  Janet Currie and Enrico Moretti
• w11568 August 2005 The Impact of Child SSI Enrollment on Household Outcomes: Evidence from the Survey of Income and Program Participation
  Mark Duggan and Melissa Schettini Kearney
• w11569 August 2005 Fertility: The Role of Culture and Family Experience
  Raquel Fernández and Alessandra Fogli
• w11570 August 2005 Diversity and Redistribution
  Raquel Fernández and Gilat Levy
• w11571 August 2005 Wake Up and Smell the Ginseng: The Rise of Incremental Innovation in Low-Wage Countries
  Diego Puga and Daniel Trefler
• w11572 August 2005 Why Does the Average Price of Tuna Fall During Lent?
  Aviv Nevo and Konstantinos Hatzitaskos
• w11573 August 2005 The Economics of Fraudulent Accounting
  Simi Kedia and Thomas Philippon
• w11574 August 2005 Fiscal Policy and the Term Structure of Interest Rates
  Qiang Dai and Thomas Philippon
• w11576 August 2005 Insuring Consumption and Happiness Through Religious Organizations
  Rajeev Dehejia, Thomas DeLeire, and Erzo F.P. Luttmer
• w11575 August 2005 Products and Productivity
  Peter K. Schott, Andrew B. Bernard, and Stephen J. Redding
• w11566 August 2005 The Economics of Workaholism: We Should Not Have Worked on This Paper
  Daniel S. Hamermesh and Joel Slemrod
• w11577 August 2005 Experimental Analysis of Neighborhood Effects
  Jeffrey R. Kling, Jeffrey B. Liebman, and Lawrence F. Katz
• w11578 August 2005 Understanding the Effects of Government Spending on Consumption
  Jordi Galí, J. David López-Salido, and Javier Vallés
• w11579 August 2005 How Much Do Banks Use Credit Derivatives to Reduce Risk?
  Bernadette A. Minton, René Stulz, and Rohan Williamson
• w11580 August 2005 Fiscal Divergence and Business Cycle Synchronization: Irresponsibility is Idiosyncratic
  Zsolt Darvas, Andrew K. Rose, and György Szapáry
• w11547 August 2005 Is the New Immigration Really So Bad?
  David Card
• w11549 August 2005 The Formation and Evolution of Physician Treatment Styles: An Application to Cesarean Sections
  Andrew Epstein and Sean Nicholson
• w11550 August 2005 Globalization and Emerging Markets: With or Without Crash?
  Philippe Martin and Hélène Rey
• w11551 August 2005 The Marginal Product of Capital
  Francesco Caselli and James Feyrer
• w11552 August 2005 The Diffusion of Mexican Immigrants During the 1990s: Explanations and Impacts
  David Card and Ethan G. Lewis
• w11553 August 2005 Vehicle Choices, Miles Driven, and Pollution Policies
  Ye Feng, Don Fullerton, and Li Gan
• w11554 August 2005 $100 Bills on the Sidewalk: Suboptimal Investment in 401(k) Plans
  James J. Choi, David Laibson, and Brigitte C. Madrian
• w11548 August 2005 Apparel Prices 1914-93 and the Hulten/Brueghel Paradox
  Robert J. Gordon
• w11555 August 2005 Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?
  Lucia Foster, John Haltiwanger, and Chad Syverson
• w11556 August 2005 The Highest Price Ever: The Great NYSE Seat Sale of 1928-1929 and Capacity Constraints
  Lance E. Davis, Larry Neal, and Eugene N. White
• w11557 August 2005 Real Output in Mental Health Care During the 1990s
  Ernst R. Berndt, Alisa B. Busch, Richard G. Frank, and Sharon-Lise Normand
• w11558 August 2005 Work Disability is a Pain in the *****, Especially in England, The Netherlands, and the United States
  James Banks, Arie Kapteyn, James P. Smith, and Arthur van Soest
• w11508 August 2005 Contractionary Currency Crashes in Developing Countries
  Jeffrey A. Frankel
• w11532 August 2005 Digital Rights Management and the Pricing of Digital Products
  Yooki Park and Suzanne Scotchmer
• w11534 August 2005 How Do House Prices Affect Consumption? Evidence From Micro Data
  John Y. Campbell and João F. Cocco
• w11535 August 2005 Incentives and Prosocial Behavior
  Roland Bénabou and Jean Tirole
• w11536 August 2005 Economic Analysis of Corporate and Personal Bankruptcy Law
  Michelle J. White
• w11537 August 2005 Social Value of Public Information: Morris and Shin (2002) Is Actually Pro Transparency, Not Con
  Lars E.O. Svensson
• w11538 August 2005 Do Macro Variables, Asset Markets or Surveys Forecast Inflation Better?
  Andrew Ang, Geert Bekaert, and Min Wei
• w11539 August 2005 The Collection Efficiency of the Value Added Tax: Theory and International Evidence
  Joshua Aizenman and Yothin Jinjarak
• w11540 August 2005 Competition and Productivity in Japanese Manufacturing Industries
  Yosuke Okada
• w11541 August 2005 Is the U.S. Current Account Deficit Sustainable? And If Not, How Costly is Adjustment Likely To Be?
  Sebastian Edwards
• w11542 August 2005 Academic Freedom, Private-Sector Focus, and the Process of Innovation
  Philippe Aghion, Mathias Dewatripont, and Jeremy C. Stein
• w11543 August 2005 The Dot-Com Bubble the Bush Deficits, and the U.S. Current Account
  Aart Kraay and Jaume Ventura
• w11544 August 2005 Earnings Functions, Rates of Return and Treatment Effects: The Mincer Equation and Beyond
  James J. Heckman, Lance J. Lochner, and Petra E. Todd
• w11545 August 2005 The Methods and Careers of Leading American Painters in the late Nineteenth Century
  David W. Galenson
• w11546 August 2005 An Empirical Model of Growth Through Product Innovation
  Rasmus Lentz and Dale T. Mortensen
• w11497 August 2005 Are There Real Effects of Licensing on Academic Research? A Life Cycle View
  Marie Thursby, Jerry Thursby, and Swasti Gupta-Mukherjee
• w11495 August 2005 Inefficiency in Legislative Policy-Making: A Dynamic Analysis
  Marco Battaglini and Stephen Coate
• w11496 August 2005 The "News" View of Economic Fluctuations: Evidence from Aggregate Japanese Data and Sectoral U.S. Data
  Paul Beaudry and Franck Portier
• w11498 August 2005 Bank Supervision and Corruption in Lending
  Thorsten Beck, Asli Demirguc-Kunt, and Ross Levine
• w11499 August 2005 Is There a Diversification Discount in Financial Conglomerates?
  Luc Laeven and Ross Levine
• w11500 August 2005 Bank Concentration and Fragility: Impact and Mechanics
  Thorsten Beck, Asli Demirguc-Kunt, and Ross Levine
• w11501 August 2005 Toward Abstraction: Ranking European Painters of the Early Twentieth Century
  David W. Galenson
• w11502 August 2005 Law, Endowments, and Property Rights
  Ross Levine
• w11503 August 2005 A Theory of Growth and Volatility at the Aggregate and Firm Level
  Diego Comin and Sunil Mulani
• w11504 August 2005 The Changing Role of Auditors in Corporate Tax Planning
  Edward L. Maydew and Douglas A. Shackelford
• w11505 August 2005 Why Do Firms Become Widely Held? An Analysis of the ynamics of Corporate Ownership
  Jean Helwege, Christo Pirinsky, and René M. Stulz
• w11506 August 2005 Matching and Price Competition
  Jeremy Bulow and Jonathan Levin
• w11507 August 2005 Separate When Equal? Racial Inequality and Residential Segregation
  Patrick Bayer, Hanming Fang, and Robert McMillan
• w11509 August 2005 Futures Prices in a Production Economy with Investment Constraints
  Leonid Kogan, Dmitry Livdan, and Amir Yaron
• w11510 August 2005 Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?
  Menzie Chinn and Jeffrey Frankel
• w11511 August 2005 Inequality
  Edward L. Glaeser
• w11512 August 2005 Gender and Assimilation Among Mexican Americans
  Francine D. Blau and Lawrence M. Kahn
• w11513 August 2005 Aid and Growth: What Does the Cross-Country Evidence Really Show?
  Raghuram G. Rajan and Arvind Subramanian
• w11514 August 2005 Information and Consumer Choice: The Value of Publicized Health Plan Ratings
  Ginger Zhe Jin and Alan T. Sorensen
• w11515 August 2005 How the Internet Lowers Prices: Evidence from Matched Survey and Auto Transaction Data
  Florian Zettelmeyer, Fiona Scott Morton, and Jorge Silva-Risso
• w11516 August 2005 Do Stronger Intellectual Property Rights Increase International Technology Transfer? Empirical Evidence from U.S. Firm-Level Data
  Lee Branstetter, Raymond Fisman, and C. Fritz Foley
• w11517 August 2005 Regime-Switching Behavior of the Term Structure of Forward Markets
  Elena Tchernykh and William H. Branson
• w11518 August 2005 Behavioral Public Economics: Welfare and Policy Analysis with Non-Standard Decision-Makers
  B. Douglas Bernheim and Antonio Rangel
• w11519 August 2005 Evaluating Labor Market Reforms: A General Equilibrium Approach
  César Alonso-Borrego, Jesús Fernández-Villaverde, and José E. Galdón-Sánchez
• w11520 August 2005 Savings Gluts and Interest Rates: The Missing Link to Europe
  Michael P. Dooley, David Folkerts-Landau, and Peter M. Garber
• w11521 August 2005 A Primer on Real Effective Exchange Rates: Determinants, Overvaluation, Trade Flows and Competitive Devaluation
  Menzie D. Chinn
• w11522 August 2005 The Impact of Child Support Enforcement on Fertility, Parental Investment and Child Well-Being
  Anna Aizer and Sara McLanahan
• w11523 August 2005 Monetary Policy Under Uncertainty in Micro-Founded Macroeconometric Models
  Andrew T. Levin, Alexei Onatski, John C. Williams, and Noah Williams
• w11524 August 2005 The International Dynamics of R&D and Innovation in the Short and in the Long Run
  Laura Bottazzi and Giovanni Peri
• w11525 August 2005 Antitrust in Innovative Industries
  Ilya Segal and Michael Whinston
• w11526 August 2005 Dumb Money: Mutual Fund Flows and the Cross-Section of Stock Returns
  Andrea Frazzini and Owen A. Lamont
• w11527 August 2005 Mexican Entrepreneurship: A Comparison of Self-Employment in Mexico and the United States
  Robert Fairlie and Christopher Woodruff
• w11528 August 2005 The Anatomy of Start-Stop Growth
  Benjamin F. Jones and Benjamin A. Olken
• w11529 August 2005 Health Insurance and the Obesity Externality
  Jay Bhattacharya and Neeraj Sood
• w11530 August 2005 How Do Friendships Form?
  Bruce Sacerdote and David Marmaros
• w11531 August 2005 Why Do Politicians Delegate?
  Alberto Alesina and Guido Tabellini
• w11533 August 2005 Notes for a Contingent Claims Theory of Limit Order Markets
  Bruce N. Lehmann
• w11456 July 2005 Mexican Immigration and Self-Selection: New Evidence from the 2000 Mexican Census
  Pablo Ibarraran and Darren Lubotsky
• w11492 July 2005 Relative Price Volatility Under Sudden Stops: The Relevance of Balance Sheet Effects
  Guillermo A. Calvo, Alejandro Izquierdo, and Rudy Loo-Kung
• w11485 July 2005 Denial of Death and Economic Behavior
  Wojciech Kopczuk and Joel Slemrod
• w11486 July 2005 Filming Images or Filming Reality: The Life Cycles of Movie Directors from D.W. Griffith to Federico Fellini
  David W. Galenson and Joshua Kotin
• w11487 July 2005 Nonrenewable Resource Prices: Deterministic or Stochastic Trends?
  Junsoo Lee, John A. List, and Mark Strazicich
• w11488 July 2005 The Only Game in Town: Stock-Price Consequences of Local Bias
  Harrison Hong, Jeffrey D. Kubik, and Jeremy C. Stein
• w11489 July 2005 The Sensitivity of Homeowner Leverage to the Deductibility of Home Mortgage Interest
  Patric H. Hendershott and Gwilym Pryce
• w11490 July 2005 Efficient Fiscal Policy and Amplification
  Mark Aguiar, Manuel Amador, and Gita Gopinath
• w11491 July 2005 Crime, Punishment, and Myopia
  David S. Lee and Justin McCrary
• w11493 July 2005 Global Business Cycles and Credit Risk
  M. Hashem Pesaran, Til Schuermann, and Björn-Jakob Treutler
• w11494 July 2005 What Do Parents Value in Education? An Empirical Investigation of Parents' Revealed Preferences for Teachers
  Brian A. Jacob and Lars Lefgren
• w11472 July 2005 Supersanctions and Sovereign Debt Repayment
  Kris James Mitchener and Marc D. Weidenmier
• w11473 July 2005 Long-Run Determinants of Inflation Differentials in a Monetary Union
  Filippo Altissimo, Pierpaolo Benigno, and Diego Rodriguez Palenzuela
• w11474 July 2005 Do Women Shy Away From Competition? Do Men Compete Too Much?
  Muriel Niederle and Lise Vesterlund
• w11475 July 2005 University Invention, Entrepreneurship, and Start-Ups
  Celestine Chukumba and Richard Jensen
• w11476 July 2005 Consumption Strikes Back?: Measuring Long-Run Risk
  Lars Peter Hansen, John Heaton, and Nan Li
• w11477 July 2005 The Empirical Risk-Return Relation: A Factor Analysis Approach
  Sydney C. Ludvigson and Serena Ng
• w11478 July 2005 Mandated Disclosure, Stock Returns, and the 1964 Securities Acts Amendments
  Michael Greenstone, Paul Oyer, and Annette Vissing-Jorgensen
• w11479 July 2005 Global Engagement and the Innovation Activities of Firms
  Chiara Criscuolo, Jonathan E. Haskel, and Matthew J. Slaughter
• w11480 July 2005 Momentum Profits and Macroeconomic Risk
  Laura X.L. Liu, Jerold B. Warner, and Lu Zhang
• w11481 July 2005 Layoffs, Lemons, Race, and Gender
  Luojia Hu and Christopher Taber
• w11482 July 2005 Reexamining the Distribution of Wealth in 1870
  Joshua L. Rosenbloom and Gregory W. Stutes
• w11483 July 2005 Does Falling Smoking Lead to Rising Obesity?
  Jonathan Gruber and Michael Frakes
• w11484 July 2005 Political Competition and Economic Performance: Theory and Evidence from the United States
  Timothy Besley, Torsten Persson, and Daniel Sturm
• t0312 July 2005 Inference with "Difference in Differences" with a Small Number of Policy Changes
  Timothy Conley and Christopher Taber
• w11447 July 2005 The Influence of University Research on Industrial Innovation
  Jinyoung Kim, Sangjoon John Lee, and Gerald Marschke
• w11448 July 2005 A Note on the Empirical Implementation of the Lens Condition
  Andrew B. Bernard, Raymond Robertson, and Peter K. Schott
• w11449 July 2005 The 2003 Dividend Tax Cuts and the Value of the Firm: An Event Study
  Alan J. Auerbach and Kevin A. Hassett
• w11450 July 2005 Biomedical Academic Entrepreneurship Through the SBIR Program
  Andrew A. Toole and Dirk Czarnitzki
• w11451 July 2005 Managerial Skill Acquisition and the Theory of Economic Development
  Paul Beaudry and Patrick Francois
• w11452 July 2005 The Effects of Taxes on Market Responses to Dividend Announcements and Payments: What Can we Learn from the 2003 Dividend Tax Cut?
  Raj Chetty, Joseph Rosenberg, and Emmanuel Saez
• w11453 July 2005 The Value of Peripatetic Economists: A Sesqui-Difference Evaluation of Bob Gregory
  Daniel S. Hamermesh
• w11454 July 2005 Labor Supply Effects of the Earned Income Tax Credit: Evidence from Wisconsin Supplemental Benefit for Families with Three Children
  Maria Cancian and Arik Levinson
• w11455 July 2005 Accounting for the Effect of Health on Economic Growth
  David N. Weil
• w11457 July 2005 Does Globalization of the Scientific/Engineering Workforce Threaten U.S. Economic Leadership?
  Richard B. Freeman
• w11458 July 2005 Organization and Inequality in a Knowledge Economy
  Luis Garicano and Esteban Rossi-Hansberg
• w11459 July 2005 Investment-Based Underperformance Following Seasoned Equity Offerings
  Evgeny Lyandres, Le Sun, and Lu Zhang
• w11460 July 2005 The Role of Patents for Bridging the Science to Market Gap
  Thomas Hellmann
• w11461 July 2005 Estimating Risk Preferences from Deductible Choice
  Alma Cohen and Liran Einav
• w11462 July 2005 Socially Optimal Districting
  Stephen Coate and Brian Knight
• w11463 July 2005 Principals as Agents: Subjective Performance Measurement in Education
  Brian A. Jacob and Lars Lefgren
• w11464 July 2005 Affirmative Action and Its Mythology
  Roland G. Fryer, Jr. and Glenn C. Loury
• w11465 July 2005 Do Formal Intellectual Property Rights Hinder the Free Flow of Scientific Knowledge? An Empirical Test of the Anti-Commons Hypothesis
  Fiona Murray and Scott Stern
• w11466 July 2005 Spacey Parents: Spatial Autoregressive Patterns in Inbound FDI
  Bruce A. Blonigen, Ronald B. Davies, Helen T. Naughton, and Glen R. Waddell
• w11467 July 2005 Implications of Dynamic Factor Models for VAR Analysis
  James H. Stock and Mark W. Watson
• w11468 July 2005 Predicting the Equity Premium Out of Sample: Can Anything Beat the Historical Average?
  John Y. Campbell and Samuel B. Thompson
• w11469 July 2005 Taxation and the Evolution of Aggregate Corporate Ownership Concentration
  Mihir A. Desai, Dhammika Dharmapala, and Winnie Fung
• w11470 July 2005 Early Academis Science and the Birth of Industrial Research Laboratories in the U.S. Pharmaceutical Industry
  Megan MacGarvie and Jeffrey L. Furman
• w11471 July 2005 Heterogeneous Firms and Trade: Testable and Untestable Properties of the Melitz Model
  Richard Baldwin
• w11428 June 2005 Impacts of Policy Reforms on Labor Migration From Rural Mexico to the United States
  Susan M. Richter, J. Edward Taylor, and Antonio Naude
• w11429 June 2005 Establishing Credibility: The Role of Foreign Advisors
  Sebastian Edwards
• w11430 June 2005 Sunk Costs and Real Options in Antitrust
  Robert S. Pindyck
• w11431 June 2005 Generic Scrip Share and the Price of Brand-Name Drugs: The Role of the Consumer
  John A. Rizzo and Richard Zeckhauser
• w11432 June 2005 Regional Economic Development and Mexican Out-Migration
  Kurt Unger
• w11433 June 2005 Prenatal Drug Use and the Production of Infant Health
  Kelly Noonan, Nancy E. Reichman, Hope Corman, and Dhaval Dave
• w11434 June 2005 Capital Controls, Exchange Rate Volatility and External Vulnerability
  Sebastian Edwards and Roberto Rigobon
• w11435 June 2005 Age, Women, and Hiring: An Experimental Study
  Joanna Lahey
• w11436 June 2005 Firms' Demand for Employment-Based Mental Health Benefits
  Judith Shinogle and David Salkever
• w11437 June 2005 Crafting A Class: The Trade Off Between Merit Scholarships and Enrolling Lower-Income Students
  Ronald G. Ehrenberg, Liang Zhang, and Jared Levin
• w11438 June 2005 The Incidence of Pollution Control Policies
  Ian W.H. Parry, Hilary Sigman, Margaret Walls, and Roberton C. Williams III
• w11439 June 2005 Caught On Tape: Institutional Order Flow and Stock Returns
  John Y. Campbell, Tarun Ramadorai, and Tuomo O. Vuolteenaho
• w11440 June 2005 Wealth Transfers, Contagion, and Portfolio Constraints
  Anna Pavlova and Roberto Rigobon
• w11441 June 2005 Multifrequency News and Stock Returns
  Laurent E. Calvet and Adlai J. Fisher
• w11442 June 2005 The Risks of Financial Institutions
  Mark Carey and Rene M. Stulz
• w11443 June 2005 The Growth of Executive Pay
  Lucian Bebchuk and Yaniv Grinstein
• w11444 June 2005 Optimal Trading Strategy and Supply/Demand Dynamics
  Anna Obizhaeva and Jiang Wang
• w11445 June 2005 Race, Income, and College in 25 Years: The Continuing Legacy of Segregation and Discrimination
  Alan Krueger, Jesse Rothstein, and Sarah Turner
• w11446 June 2005 Health Insurance Reform and HMO Penetration in the Small Group Market
  Thomas C. Buchmueller
• w11416 June 2005 Happiness and the Human Development Index: The Paradox of Australia
  David G. Blanchflower and Andrew J. Oswald
• w11420 June 2005 Do Report Cards Tell Consumers Anything They Don't Already Know? The Case of Medicare HMOs
  Leemore Dafny and David Dranove
• w11421 June 2005 Are Durable Goods Consumers Forward Looking? Evidence from College Textbooks
  Judith Chevalier and Austan Goolsbee
• w11422 June 2005 Dating Business Cycle Turning Points
  Marcelle Chauvet and James D. Hamilton
• w11423 June 2005 Ethnic Identification, Intermarriage, and Unmeasured Progress by Mexican Americans
  Brian Duncan and Stephen J. Trejo
• w11424 June 2005 Determinants of Vertical Integration: Finance, Contracts, and Regulation
  Daron Acemoglu, Simon Johnson, and Todd Mitton
• w11425 June 2005 Opportunities for Improving the Drug Development Process: Results from a Survey of Industry and the FDA
  Ernst R. Berndt, Adrian H. B. Gottschalk, and Matthew W. Strobeck
• w11426 June 2005 Investor Competence, Trading Frequency, and Home Bias
  John R. Graham, Campbell R. Harvey, and Hai Huang
• w11427 June 2005 Death and the City: Chicago's Mortality Transition, 1850-1925
  Joseph P. Ferrie and Werner Troesken
• t0310 June 2005 A Portmanteau Test for Serially Correlated Errors in Fixed Effects Models
  Atsushi Inoue and Gary Solon
• t0311 June 2005 Two-Sample Instrumental Variables Estimators
  Atsushi Inoue and Gary Solon
• w11413 June 2005 Liquidity and Expected Returns: Lessons From Emerging Markets
  Geert Bekaert, Campbell R. Harvey, and Christian Lundblad
• w11414 June 2005 Zero Returns to Compulsory Schooling In Germany: Evidence and Interpretation
  Jorn-Steffen Pischke and Till von Wachter
• w11415 June 2005 They Don't Invent Them Like They Used To: An Examination of Energy Patent Citations Over Time
  David Popp
• w11417 June 2005 Optimal Fiscal and Monetary Policy in a Medium-Scale Macroeconomic Model: Expanded Version
  Stephanie Schmitt-Grohe and Martin Uribe
• w11418 June 2005 International Outsourcing and Incomplete Contracts
  Barbara J. Spencer
• w11419 June 2005 Can Ranking Hospitals on the Basis of Patients' Travel Distances Improve Quality of Care?
  Daniel P. Kessler
• w11396 June 2005 Party Discipline and Pork Barrel Politics
  Gene M. Grossman and Elhanan Helpman
• w11397 June 2005 Equilibrium Impotence: Why the States and Not the American National Government Financed Economic Development in the Antebellum Era
  John Joseph Wallis and Barry R. Weingast
• w11398 June 2005 Urban Colossus: Why is New York America's Largest City?
  Edward L. Glaeser
• w11399 June 2005 Corruption, Inequality and Fairness
  Alberto Alesina and George-Marios Angeletos
• w11400 June 2005 Investor Attention: Overconfidence and Category Learning
  Lin Peng and Wei Xiong
• w11401 June 2005 Real Business Cycle Models: Past, Present, and Future
  Sergio Rebelo
• w11402 June 2005 Efficient Kidney Exchange: Coincidence of Wants in a Structured Market
  Alvin E. Roth, Tayfun Sonmez, and M. Utku Unver
• w11403 June 2005 FDI and Trade -- Two Way Linkages?
  Joshua Aizenman and Ilan Noy
• w11404 June 2005 Importers, Exporters, and Multinationals: A Portrait of Firms in the U.S. that Trade Goods
  Andrew B. Bernard, J. Bradford Jensen, and Peter K. Schott
• w11405 June 2005 The Value of Health and Longevity
  Kevin M. Murphy and Robert H. Topel
• w11406 June 2005 Alternative Methods of Price Indexing Social Security: Implications for Benefits and System Financing
  Andrew G. Biggs, Jeffrey R. Brown, and Glenn Springstead
• w11407 June 2005 Tying, Upgrades, and Switching Costs in Durable-Goods Markets
  Dennis W. Carlton and Michael Waldman
• w11408 June 2005 Inequality, Social Discounting and Estate Taxation
  Emmanuel Farhi and Ivan Werning
• w11409 June 2005 Employee Sentiment and Stock Option Compensation
  Nittai K. Bergman and Dirk Jenter
• w11410 June 2005 What Do Unions Do?: The 2004 M-Brane Stringtwister Edition
  Richard B. Freeman
• w11411 June 2005 The Impact of State Physical Education Requirements on Youth Physical Activity and Overweight
  John Cawley, Chad D. Meyerhoefer, and David Newhouse
• w11412 June 2005 Emigration, Labor Supply, and Earnings in Mexico
  Gordon H. Hanson
• t0309 June 2005 The Method of Endogenous Gridpoints for Solving Dynamic Stochastic Optimization Problems
  Christopher D. Carroll
• w11389 June 2005 Growth or Glamour? Fundamentals and Systematic Risk in Stock Returns
  John Y. Campbell, Christopher Polk, and Tuomo Vuolteenaho
• w11390 June 2005 Assigning Deviant Youths to Minimize Total Harm
  Philip J. Cook and Jens Ludwig
• w11391 June 2005 Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies
  Viral V. Acharya, Heitor Almeida, and Murillo Campello
• w11392 June 2005 Optimal Policy Projections
  Lars O. Svensson and Robert J. Tetlow
• w11393 June 2005 Market Size, Trade, and Productivity
  Marc J. Melitz and Gianmarco I.P. Ottaviano
• w11394 June 2005 Evaluating the Role of Brown vs. Board of Education in School Equalization, Desegregation, and the Income of African Americans
  Orley Ashenfelter, William J. Collins, and Albert Yoon
• w11395 June 2005 Price and the Health Plan Choices of Retirees
  Thomas C. Buchmueller
• t0308 June 2005 A, B, C's (and D)'s for Understanding VARs
  Jesus Fernandez-Villaverde, Juan Rubio-Ramirez, and Thomas J. Sargent
• w11368 May 2005 A Theory of Pyramidal Ownership and Family Business Groups
  Heitor Almeida and Daniel Wolfenzon
• w11369 May 2005 Capital Flows and Exchange Rate Volatility: Singapore's Experience
  Basant K. Kapur
• w11370 May 2005 What Matters for Financial Development? Capital Controls, Institutions, and Interactions
  Menzie D. Chinn and Hiro Ito
• w11371 May 2005 Lobbying Competition Over Trade Policy
  Kishore Gawande, Pravin Krishna, and Marcelo Olarreaga
• w11372 May 2005 The Microeconomic Evidence on Capital Controls: No Free Lunch
  Kristin J. Forbes
• w11373 May 2005 Productivity, Efficiency, Scale Economies and Technical Change: A New Decomposition Analysis
  Jiro Nemoto and Mika Goto
• w11374 May 2005 Fiscal Remedies for Japan's Slump
  Laurence Ball
• w11375 May 2005 A Simple Scheme to Improve the Efficiency of Referenda
  Alessandra Casella and Andrew Gelman
• w11376 May 2005 Does Corporate Ownership Matter? Service Provision in the Hospital Industry
  Jill R. Horwitz
• w11377 May 2005 Religious Market Structure, Religious Participation, and Outcomes: Is Religion Good for You?
  Jonathan Gruber
• w11378 May 2005 An Investigation of the Effects of Alcohol Consumption and Alcohol Policies on Youth Risky Sexual Behaviors
  Sara Markowitz, Robert Kaestner, and Michael Grossman
• w11379 May 2005 Hospital Integration and Vertical Consolidation: An Analysis of Acquisitions in New York State
  Robert S. Huckman
• w11380 May 2005 Ultra High Frequency Volatility Estimation with Dependent Microstructure Noise
  Yacine Ait-Sahalia, Per A. Mykland, and Lan Zhang
• w11381 May 2005 South Korea's Experience with International Capital Flows
  Marcus Noland
• w11382 May 2005 International Borrowing, Capital Controls and the Exchange Rate: Lessons from Chile
  Kevin Cowan and Jose De Gregorio
• w11383 May 2005 Historical Perspective on Global Imbalances
  Michael D. Bordo
• w11384 May 2005 Incomes in South Africa Since the Fall of Apartheid
  Murray Leibbrandt, James Levinsohn, and Justin McCrary
• w11385 May 2005 Venture Capital Investment Cycles: The Impact of Public Markets
  Paul Gompers, Anna Kovner, Josh Lerner, and David Scharfstein
• w11386 May 2005 A General Formula for the Optimal Level of Social Insurance
  Raj Chetty
• w11387 May 2005 India's Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Deficit
  Ajay Shah and Ila Patnaik
• w11388 May 2005 The Rise in Firm-Level Volatility: Causes and Consequences
  Diego Comin and Thomas Philippon
• w11343 May 2005 Gender, Body Mass and Economic Status
  Dalton Conley and Rebecca Glauber
• w11344 May 2005 The Worldwide Economic Impact of the Revolutionary and Napoleonic Wars
  Kevin H. O'Rourke
• w11345 May 2005 Adjustment in Property Space Markets: Estimates from the Stockholm Office Market
  Peter Englund, Ake Gunnelin, Patric H. Hendershott, and Bo Soderberg
• w11346 May 2005 What Remains from the Volcker Experiment?
  Benjamin M. Friedman
• w11347 May 2005 School Quality, Neighborhoods and Housing Prices: The Impacts of school Desegregation
  Thomas J. Kane, Douglas O. Staiger, and Stephanie K. Riegg
• w11348 May 2005 The Determinants of Faculty Patenting Behavior: Demographics or Opportunities?
  Pierre Azoulay, Waverly Ding, and Toby Stuart
• w11349 May 2005 Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment
  Philippe Aghion, George-Marios Angeletos, Abhijit Banerjee, and Kalina Manova
• w11350 May 2005 Venture Capital as Human Resource Management
  Antonio Geldson de Carvalho, Charles W. Calomiris, and Joao Amaro de Matos
• w11351 May 2005 Monopoly-Creating Bank Consolidation? The Merger of Fleet and BankBoston
  Charles W. Calomiris and Thanavut Pornrojnangkool
• w11352 May 2005 Studying Texts: A Gemara of the Israeli Economy
  Michael W. Klein
• w11353 May 2005 International Borrowing and Macroeconomic Performance in Argentina
  Kathryn M.E. Dominguez and Linda L. Tesar
• w11354 May 2005 The Sources of the Productivity Rebound and the Manufacturing Employment Puzzle
  William Nordhaus
• w11355 May 2005 The Opium Wars, Opium Legalization, and Opium Consumption in China
  Jeffrey A. Miron and Chris Feige
• w11356 May 2005 Contracts and the Division of Labor
  Daron Acemoglu, Pol Antràs, and Elhanan Helpman
• w11357 May 2005 Asset Fire Sales (and Purchases) in Equity Markets
  Joshua D. Coval and Erik Stafford
• w11358 May 2005 A Proposed Method for Monitoring U.S. Population Health: Linking Symptoms, Impairments, and Health Ratings
  Susan T. Stewart, Rebecca M. Woodward, Allison B. Rosen, and David M. Cutler
• w11359 May 2005 Age and Great Invention
  Benjamin F. Jones
• w11360 May 2005 The Burden of Knowledge and the 'Death of the Renaissance Man': Is Innovation Getting Harder?
  Benjamin F. Jones
• w11361 May 2005 Optimism and Economic Choice
  Manju Puri and David Robinson
• w11362 May 2005 Speculative Trading and Stock Prices: Evidence from Chinese A-B Share Premia
  Jianping Mei, Jose Scheinkman, and Wei Xiong
• w11363 May 2005 Bank Credit Cycles
  Gary Gorton and Ping He
• w11364 May 2005 Eat or Be Eaten: A Theory of Mergers and Merger Waves
  Gary Gorton, Matthias Kahl, and Richard Rosen
• w11365 May 2005 The International Exposure of U.S. Banks
  Linda S. Goldberg
• w11366 May 2005 International Reserves: Precautionary versus Mercantilist Views, Theory and Evidence
  Joshua Aizenman and Jaewoo Lee
• w11367 May 2005 Asset Float and Speculative Bubbles
  Harrison Hong, Jose Scheinkman, and Wei Xiong
• w11338 May 2005 The Wage Curve Reloaded
  David G. Blanchflower and Andrew J. Oswald
• w11332 May 2005 Faith-Based Charity and Crowd Out during the Great Depression
  Jonathan Gruber and Daniel M. Hungerman
• w11333 May 2005 Banker Fees and Acquisition Premia for Targets in Cash Tender Offers: Challenges to the Popular Wisdom on Banker Conflicts
  Charles W. Calomiris and Donna M. Hitscherich
• w11334 May 2005 An Empirical Analysis of 'Acting White'
  Roland G. Fryer, Jr. and Paul Torelli
• w11335 May 2005 Is China's FDI Coming at the Expense of Other Countries?
  Barry Eichengreen and Hui Tong
• w11336 May 2005 Sterling's Past, Dollar's Future: Historical Perspectives on Reserve Currency Competition
  Barry Eichengreen
• w11337 May 2005 Adolescent Drinking and High School Dropout
  Pinka Chatterji and Jeff DeSimone
• w11339 May 2005 Trade Responses to Geographic Frictions: A Decomposition Using Micro-Data
  Russell Hillberry and David Hummels
• w11340 May 2005 New-Keynesian Macroeconomics and the Term Structure
  Geert Bekaert, Seonghoon Cho, and Antonio Moreno
• w11341 May 2005 The Simple Geometry of Transmission and Stabilization in Closed and Open Economies
  Giancarlo Corsetti and Paolo Pesenti
• w11342 May 2005 The Effects of Living Wage Laws: Evidence from Failed and Derailed Living Wage Campaigns
  Scott Adams and David Neumark
• w11309 May 2005 Does Voting Technology Affect Election Outcomes? Touch-screen Voting and the 2004 Presidential Election
  David Card and Enrico Moretti
• w11310 May 2005 Rare Events and the Equity Premium
  Robert J. Barro
• w11311 May 2005 The General Equilibrium Incidence of Environmental Taxes
  Don Fullerton and Garth Heutel
• w11312 May 2005 Real-Time Price Discovery in Stock, Bond and Foreign Exchange Markets
  Torben G. Andersen, Tim Bollerslev, Francis X. Diebold, and Clara Vega
• w11313 May 2005 Measuring and Interpreting Expectations of Equity Returns
  Jeff Dominitz and Charles F. Manski
• w11314 May 2005 Has US Monetary Policy Changed? Evidence from Drifting Coefficients and Real-Time Data
  Jean Boivin
• w11315 May 2005 Employee Cost-Sharing and the Welfare Effects of Flexible Spending Accounts
  William Jack, Arik Levinson, and Sjamsu Rahardja
• w11316 May 2005 The Determinants of the Willingness to be an Organ Donor
  Naci Mocan and Erdal Tekin
• w11317 May 2005 Judicial Lobbying: The Politics of Labor Law Constitutional Interpretation
  Matias Iaryczower, Pablo Spiller, and Mariano Tommasi
• w11318 May 2005 Measuring the Impact of Crack Cocaine
  Roland G. Fryer, Paul S. Heaton, Steven D. Levitt, and Kevin M. Murphy
• w11319 May 2005 Volatility in an Era of Reduced Uncertainty: Lessons from Pax Britannica
  William O. Brown, Richard C. K. Burdekin, and Marc D. Weidenmier
• w11320 May 2005 Sibling Similarity and Difference in Socioeconomic Status: Life Course and Family Resource Effects
  Dalton Conley and Rebecca Glauber
• w11321 May 2005 Patents, Price Controls, and Access to New Drugs: How Policy Affects Global Market Entry
  Jean O. Lanjouw
• w11322 May 2005 Anomalies
  Lu Zhang
• w11323 May 2005 Expected Returns, Yield Spreads, and Asset Pricing Tests
  Murillo Campello, Long Chen, and Lu Zhang
• w11324 May 2005 The End of American Exceptionalism? Mobility in the U.S. Since 1850
  Joseph P. Ferrie
• w11325 May 2005 Addressing the Needs of Under-Prepared Students in Higher Education: Does College Remediation Work?
  Eric P. Bettinger and Bridget Terry Long
• w11326 May 2005 The Value Spread as a Predictor of Returns
  Naiping Lu and Lu Zhang
• w11327 May 2005 Forsaking All Others? The Effects of "Gay Marriage" on Risky Sex
  Thomas S. Dee
• w11328 May 2005 Early Teen Marriage and Future Poverty
  Gordon B. Dahl
• w11329 May 2005 Evidence on Rationality in Commercial Property Markets: An Interpretation and Critique
  Patric Hendershott, Robert J. Hendershott, and Bryan D. MacGregor
• w11330 May 2005 The Role of Collateralized Household Debt in Macroeconomic Stabilization
  Jeffrey R. Campbell and Zvi Hercowitz
• w11331 May 2005 Interpreting the Evidence on Life Cycle Skill Formation
  Flavio Cunha, James J. Heckman, Lance Lochner, and Dimitriy V. Masterov
• t0307 May 2005 Threshold Crossing Models and Bounds on Treatment Effects: A Nonparametric Analysis
  Azeem Shaikh and Edward Vytlacil
• w11306 May 2005 The Chinese Approach to Capital Inflows: Patterns and Possible Explanations
  Eswar Prasad and Shang-Jin Wei
• w11283 May 2005 Conditional Policies in General Equilibrium
  Kala Krishna
• w11284 May 2005 Contracts, Holdup, and Legal Intervention
  Steven Shavell
• w11285 May 2005 Understanding and Comparing Factor-Based Forecasts
  Jean Boivin and Serena Ng
• w11286 May 2005 Labour Market Institutions Without Blinders: The Debate over Flexibility and Labour Market Performance
  Richard B. Freeman
• w11287 May 2005 Lucky Stores, Gambling, and Addiction: Empirical Evidence from State Lottery Sales
  Jonathan Guryan and Melissa S. Kearney
• w11288 May 2005 Advanced Purchase Commitments for a Malaria Vaccine: Estimating Costs and Effectiveness
  Ernst R. Berndt, Rachel Glennerster, Michael R. Kremer, Jean Lee, Ruth Levine, Georg Weizsacker, and Heidi Williams
• w11289 May 2005 My Policies or Yours: Does OECD Support for Agriculture Increase Poverty in Developing Countries?
  Margaret McMillan, Alix Peterson Zwane, and Nava Ashraf
• w11290 May 2005 Social Security Programs and Retirement around the World: Fiscal Implications, Introduction and Summary
  Jonathan Gruber and David Wise
• w11291 May 2005 Branch Banking, Bank Competition, and Financial Stability
  Mark Carlson and Kris James Mitchener
• w11292 May 2005 Contractibility and the Design of Research Agreements
  Josh Lerner and Ulrike Malmendier
• w11293 May 2005 A Quantitative Model of Sudden Stops and External Liquidity Management
  Ricardo Caballero and Stavros Panageas
• w11294 May 2005 Why Do Public Firms Issue Private and Public Securities?
  Armando Gomes and Gordon Phillips
• w11295 May 2005 Is the Melting Pot Still Hot? Explaining the Resurgence of Immigrant Segregation
  David M. Cutler, Edward L. Glaeser, and Jacob L. Vigdor
• w11296 May 2005 A Global View of Economic Growth
  Jaume Ventura
• w11297 May 2005 The Time-Series Properties of Aggregate Consumption: Implications for the Costs of Fluctuation
  Ricardo Reis
• w11298 May 2005 From the Webbs to the Web: The Contribution of the Internet to Reviving Union Fortunes
  Richard B. Freeman
• w11299 May 2005 A Review of the Empirical Literature on FDI Determinants
  Bruce A. Blonigen
• w11300 May 2005 The Life-Cycle Personal Accounts Proposal for Social Security: A Review
  Robert J. Shiller
• w11301 May 2005 Why Does Capital Flow to Rich States?
  Sebnem Kalemli-Ozcan, Ariell Reshef, Bent Sorensen, and Oved Yosha
• w11302 May 2005 Parental Educational Investment and Children's Academic Risk: Estimates of the Impact of Sibship Size and Birth Order from Exogenous Variations in Fertility
  Dalton Conley and Rebecca Glauber
• w11303 May 2005 The Incidence of the Healthcare Costs of Obesity
  Jay Bhattacharya and M. Kate Bundorf
• w11304 May 2005 Employment-Contingent Health Insurance, Illness, and Labor Supply of Women: Evidence from Married Women with Breast Cancer
  Cathy J. Bradley, David Neumark, Zhehui Luo, and Heather L. Bednarek
• w11305 May 2005 Crises in Emerging Market Economies: A Global Perspective
  Guillermo A. Calvo
• w11307 May 2005 Measuring the Implications of Sales and Consumer Inventory Behavior
  Igal Hendel and Aviv Nevo
• w11308 May 2005 The Great Escape: A Review Essay on Fogel's 'The Escape from Hunger and Premature Death, 1700-2100'
  Angus Deaton
• w11274 April 2005 On the Renminbi: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate
  Jeffrey Frankel
• w11275 April 2005 Politics and Economics in Weak and Strong States
  Daron Acemoglu
• w11276 April 2005 Taylor Rules, McCallum Rules and the Term Structure of Interest Rates
  Michael Gallmeyer, Burton Hollifield, and Stanley E. Zin
• w11277 April 2005 Boys Named Sue: Disruptive Children and their Peers
  David N. Figlio
• w11278 April 2005 Work and Leisure in the U.S. and Europe: Why So Different?
  Alberto Alesina, Edward L. Glaeser, and Bruce Sacerdote
• w11279 April 2005 The Impact of Family Income on Child Achievement
  Gordon B. Dahl and Lance Lochner
• w11280 April 2005 Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches
  Mitchell A. Petersen
• w11281 April 2005 The Evolution of the Mexican-Born Workforce in the United States
  George J. Borjas and Lawrence F. Katz
• w11282 April 2005 Rockonomics: The Economics of Popular Music
  Marie Connolly and Alan B. Krueger
• t0306 April 2005 Structural Equations, Treatment Effects and Econometric Policy Evaluation
  James J. Heckman and Edward Vytlacil
• w11261 April 2005 Firm Size Dynamics in the Aggregate Economy
  Esteban Rossi-Hansberg and Mark L.J. Wright
• w11262 April 2005 Urban Structure and Growth
  Esteban Rossi-Hansberg and Mark L.J. Wright
• w11263 April 2005 Treatment Effect Bounds: An Application to Swan-Ganz Catheterization
  Jay Bhattacharya, Azeem Shaikh, and Edward Vytlacil
• w11264 April 2005 An Alternative Test of Racial Prejudice in Motor Vehicle Searches: Theory and Evidence
  Shamena Anwar and Hanming Fang
• w11265 April 2005 The Evolution of Precedent
  Nicola Gennaioli and Andrei Shleifer
• w11266 April 2005 British Investment Overseas 1870-1913: A Modern Portfolio Theory Approach
  William N. Goetzmann and Andrey Ukhov
• w11267 April 2005 Tax Structure in Developing Countries: Many Puzzles and a Possible Explanation
  Roger Gordon and Wei Li
• w11268 April 2005 Culture: An Empirical Investigation of Beliefs, Work, and Fertility
  Raquel Fernandez and Alessandra Fogli
• w11269 April 2005 Protection for Sale with Imperfect Rent Capturing
  Giovanni Facchini, Johannes Van Biesebroeck, and Gerald Willmann
• w11270 April 2005 Overconfidence vs. Market Efficiency in the National Football League
  Cade Massey and Richard Thaler
• w11271 April 2005 Betting on Death and Capital Markets in Retirement: A Shortfall Risk Analysis of Life Annuities
  Ivica Dus, Raimond Maurer, and Olivia S. Mitchell
• w11272 April 2005 Effective Exchange Rate Classifications and Growth
  Justin M. Dubas, Byung-Joo Lee, and Nelson C. Mark
• w11273 April 2005 Pork for Policy: Executive and Legislative Exchange in Brazil
  Lee J. Alston and Bernardo Mueller
• w11256 April 2005 Winners and Losers from Enacting the Financial Modernization Statute
  Kenneth A. Carow, Edward J. Kane, and Rajesh P. Narayanan
• w11257 April 2005 Prices, Production and Inventories over the Automotive Model Year
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