Papers Issued in 2012

• w18660 December 2012 Losing Heart? The Effect of Job Displacement on Health
  Sandra E. Black, Paul J. Devereux, and Kjell G. Salvanes
• w18664 December 2012 The Developmental Approach to Child and Adult Health
  Gabriella Conti and James J. Heckman
• w18663 December 2012 Revealed Preferences for Journals: Evidence from Page Limits
  David Card and Stefano DellaVigna
• w18662 December 2012 Wanna Get Away? RD Identification Away from the Cutoff
  Joshua Angrist and Miikka Rokkanen
• w18661 December 2012 Identifying Equilibrium Models of Labor Market Sorting
  Marcus Hagedorn, Tzuo Hann Law, and Iourii Manovskii
• w18657 December 2012 Size-Dependent Regulations, Firm Size Distribution, and Reallocation
  François Gourio and Nicolas A. Roys
• w18658 December 2012 The Nexus of Social Security Benefits, Health, and Wealth at Death
  James M. Poterba, Steven F. Venti, and David A. Wise
• w18655 December 2012 The Surprisingly Swift Decline of U.S. Manufacturing Employment
  Justin R. Pierce and Peter K. Schott
• w18659 December 2012 Corn Production Shocks in 2012 and Beyond: Implications for Food Price Volatility
  Steven T. Berry, Michael J. Roberts, and Wolfram Schlenker
• w18656 December 2012 Youth Depression and Future Criminal Behavior
  D. Mark Anderson, Resul Cesur, and Erdal Tekin
• w18649 December 2012 Algebra for 8th Graders: Evidence on its Effects from 10 North Carolina Districts
  Charles T. Clotfelter, Helen F. Ladd, and Jacob L. Vigdor
• w18650 December 2012 Deregulation, Misallocation, and Size: Evidence from India
  Laura Alfaro and Anusha Chari
• w18647 December 2012 The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in the Real World
  Roger E.A. Farmer, Carine Nourry, and Alain Venditti
• w18646 December 2012 On the Asset Market View of Exchange Rates
  A. Craig Burnside and Jeremy J. Graveline
• w18644 December 2012 Carry Trade and Systemic Risk: Why are FX Options so Cheap?
  Ricardo J. Caballero and Joseph B. Doyle
• w18645 December 2012 Market-Based Emissions Regulation and Industry Dynamics
  Meredith Fowlie, Mar Reguant, and Stephen P. Ryan
• w18642 December 2012 The RAND Health Insurance Experiment, Three Decades Later
  Aviva Aron-Dine, Liran Einav, and Amy Finkelstein
• w18643 December 2012 A Gift of Time
  Daiji Kawaguchi, Jungmin Lee, and Daniel S. Hamermesh
• w18641 December 2012 The Economics of Faith: Using an Apocalyptic Prophecy to Elicit Religious Beliefs in the Field
  Ned Augenblick, Jesse M. Cunha, Ernesto Dal Bó, and Justin M. Rao
• w18640 December 2012 Fast-Food Restaurant Advertising on Television and Its Influence on Youth Body Composition
  Michael Grossman, Erdal Tekin, and Roy Wada
• w18639 December 2012 Increasing Our Understanding of the Health-Income Gradient in Children
  Jason Fletcher and Barbara L. Wolfe
• w18632 December 2012 The Great Trade Collapse
  Rudolfs Bems, Robert C. Johnson, and Kei-Mu Yi
• w18633 December 2012 Social Fragmentation, Public Goods and Elections: Evidence from China
  Gerard Padro i Miquel, Nancy Qian, and Yang Yao
• w18626 December 2012 Endowment Management Based on a Positive Model of the University
  Caroline M. Hoxby
• w18630 December 2012 The Effects of Information, Social and Economic Incentives on Voluntary Undirected Blood Donations: Evidence from a Randomized Controlled Trial in Argentina
  Victor Iajya, Nicola Lacetera, Mario Macis, and Robert Slonim
• w18631 December 2012 Patent Laws and Innovation: Evidence from Economic History
  Petra Moser
• w18654 December 2012 Catching Up and Falling Behind
  Nancy L. Stokey
• w18629 December 2012 Smart Machines and Long-Term Misery
  Jeffrey D. Sachs and Laurence J. Kotlikoff
• w18627 December 2012 Are the Gains from Foreign Diversification Diminishing? Assessing the Impact with Cross-listed Stocks
  Karen K. Lewis and Sandy Lai
• w18636 December 2012 Third-Party Opportunism and the Nature of Public Contracts
  Marian W. Moszoro and Pablo T. Spiller
• w18635 December 2012 Six Decades of Top Economics Publishing: Who and How?
  Daniel S. Hamermesh
• w18634 December 2012 Solomonic Separation: Risk Decisions as Productivity Indicators
  Nolan Miller, Alexander F. Wagner, and Richard J. Zeckhauser
• w18638 December 2012 Prominent Job Advertisements, Group Learning and Wage Dispersion
  Julio J. Rotemberg
• w18637 December 2012 Multi-Product Firms and Product Quality
  Kalina Manova and Zhiwei Zhang
• w18648 December 2012 Do Classmate Effects Fade Out?
  Robert Bifulco, Jason M. Fletcher, Sun Jung Oh, and Stephen L. Ross
• w18628 December 2012 International Reserves and Rollover Risk
  Javier Bianchi, Juan Carlos Hatchondo, and Leonardo Martinez
• w18651 December 2012 Notes for a New Guide to Keynes (I): Wages, Aggregate Demand, and Employment
  Jordi Galí
• w18652 December 2012 Heterogeneous Firms and Trade
  Marc J. Melitz and Stephen J. Redding
• w18653 December 2012 Trade Reforms and Current Account Imbalances
  Jiandong Ju, Kang Shi, and Shang-Jin Wei
• w18623 December 2012 The Impact of Minimum Age of Employment Regulation on Child Labor and Schooling: Evidence from UNICEF MICS Countries
  Eric V. Edmonds and Maheshwor Shrestha
• w18625 December 2012 Matthew: Effect or Fable?
  Pierre Azoulay, Toby Stuart, and Yanbo Wang
• w18622 December 2012 A Voting Architecture for the Governance of Free-Driver Externalities, with Application to Geoengineering
  Martin Weitzman
• w18621 December 2012 Thirty Years of Prospect Theory in Economics: A Review and Assessment
  Nicholas C. Barberis
• w18616 December 2012 Harvests and Financial Crises in Gold-Standard America
  Christopher Hanes and Paul W. Rhode
• w18624 December 2012 Non-Cognitive Ability, Test Scores, and Teacher Quality: Evidence from 9th Grade Teachers in North Carolina
  C. Kirabo Jackson
• w18615 December 2012 Importers, Exporters, and Exchange Rate Disconnect
  Mary Amiti, Oleg Itskhoki, and Jozef Konings
• w18614 December 2012 Cognitive Mobility: Labor Market Responses to Supply Shocks in the Space of Ideas
  George J. Borjas and Kirk B. Doran
• w18613 December 2012 Mobile Scientists and International Networks
  Giuseppe Scellato, Chiara Franzoni, and Paula Stephan
• w18612 December 2012 A Poll Tax by any Other Name: The Political Economy of Disenfranchisement
  Daniel B. Jones, Werner Troesken, and Randall Walsh
• w18611 December 2012 Securitization
  Gary Gorton and Andrew Metrick
• w18598 December 2012 The Effects of Texas's Targeted Pre-Kindergarten Program on Academic Performance
  Rodney J. Andrews, Paul Jargowsky, and Kristin Kuhne
• w18610 December 2012 Who is Exposed to Gas Prices? How Gasoline Prices Affect Automobile Manufacturers and Dealerships
  Meghan R. Busse, Christopher R. Knittel, and Florian Zettelmeyer
• w18620 December 2012 Firm/Employee Matching: An Industry Study of American Lawyers
  Paul Oyer and Scott Schaefer
• w18619 December 2012 Disagreement and Asset Prices
  Bruce I. Carlin, Francis A. Longstaff, and Kyle Matoba
• w18618 December 2012 Consolidating the Evidence on Income Mobility in the Western States of Germany and the U.S. from 1984-2006
  Gulgun Bayaz-Ozturk, Richard V. Burkhauser, and Kenneth A. Couch
• w18617 December 2012 Valuation Risk and Asset Pricing
  Rui Albuquerque, Martin S. Eichenbaum, and Sergio Rebelo
• w18582 December 2012 Fettered Consumers and Sophisticated Firms: Evidence from Mexico's Privatized Social Security Market
  Fabian Duarte and Justine S. Hastings
• w18587 December 2012 Efficient Bailouts?
  Javier Bianchi
• w18605 December 2012 Does State Preschool Crowd-Out Private Provision? The Impact of Universal Preschool on the Childcare Sector in Oklahoma and Georgia
  Daphna Bassok, Maria Fitzpatrick, and Susanna Loeb
• w18594 December 2012 Costly Litigation and Optimal Damages
  A. Mitchell Polinsky and Steven Shavell
• w18585 December 2012 Participation and Duration of Environmental Agreements
  Marco Battaglini and Bård Harstad
• w18595 December 2012 Offshoring and Directed Technical Change
  Daron Acemoglu, Gino Gancia, and Fabrizio Zilibotti
• w18586 December 2012 The Missing "One-Offs": The Hidden Supply of High-Achieving, Low Income Students
  Caroline M. Hoxby and Christopher Avery
• w18591 December 2012 The ARRA: Some Unpleasant Welfare Arithmetic
  Casey B. Mulligan
• w18590 December 2012 Buy-it-now or Take-a-chance: Price Discrimination through Randomized Auctions
  L. Elisa Celis, Gregory Lewis, Markus M. Mobius, and Hamid Nazerzadeh
• w18589 December 2012 The Gorbachev Anti-Alcohol Campaign and Russia's Mortality Crisis
  Jay Bhattacharya, Christina Gathmann, and Grant Miller
• w18588 December 2012 Changing Social Contracts: Beliefs and Dissipative Inclusion in Brazil
  Lee J. Alston, Marcus Melo, Bernardo Mueller, and Carlos Pereira
• w18609 December 2012 Did the Community Reinvestment Act (CRA) Lead to Risky Lending?
  Sumit Agarwal, Efraim Benmelech, Nittai Bergman, and Amit Seru
• w18601 December 2012 Narrow Framing and Life Insurance
  Daniel Gottlieb and Kent Smetters
• w18600 December 2012 When Is There a Strong Transfer Risk from the Sovereigns to the Corporates? Property Rights Gaps and CDS Spreads
  Jennie Bai and Shang-Jin Wei
• w18599 December 2012 The Promise of Positive Optimal Taxation: Normative Diversity and a role for Equal Sacrifice
  Matthew Weinzierl
• w18597 December 2012 Do Labor Market Policies Have Displacement Effects? Evidence from a Clustered Randomized Experiment
  Bruno Crépon, Esther Duflo, Marc Gurgand, Roland Rathelot, and Philippe Zamora
• w18596 December 2012 Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry
  Philippe Aghion, Antoine Dechezleprêtre, David Hemous, Ralf Martin, and John Van Reenen
• w18593 December 2012 Value-Based Differential Pricing: Efficient Prices for Drugs in a Global Context
  Patricia M. Danzon, Adrian K. Towse, and Jorge Mestre-Ferrandiz
• w18592 December 2012 Capital and Labor Reallocation Inside Firms
  Xavier Giroud and Holger M. Mueller
• w18602 December 2012 Experience Matters: Human Capital and Development Accounting
  David Lagakos, Benjamin Moll, Tommaso Porzio, Nancy Qian, and Todd Schoellman
• w18603 December 2012 Cyclical Variation in Labor Hours and Productivity Using the ATUS
  Michael C. Burda, Daniel S. Hamermesh, and Jay Stewart
• w18604 December 2012 Concording EU Trade and Production Data over Time
  Ilke Van Beveren, Andrew B. Bernard, and Hylke Vandenbussche
• w18606 December 2012 External Imbalances and Financial Crises
  Alan M. Taylor
• w18607 December 2012 Risk Management and Climate Change
  Howard Kunreuther, Geoffrey Heal, Myles Allen, Ottmar Edenhofer, Christopher B. Field, and Gary Yohe
• w18608 December 2012 Misconduct in Credence Good Markets
  Jennifer Brown and Dylan B. Minor
• w18569 November 2012 Macroeconomic Performance During Commodity Price Booms and Busts
  Luis Felipe Céspedes and Andrés Velasco
• w18584 November 2012 Taxation of Intergenerational Transfers and Wealth
  Wojciech Kopczuk
• w18583 November 2012 Gasoline Prices, Fuel Economy, and the Energy Paradox
  Hunt Allcott and Nathan Wozny
• w18581 November 2012 Understanding the Mechanisms through Which an Influential Early Childhood Program Boosted Adult Outcomes
  James J. Heckman, Rodrigo Pinto, and Peter A. Savelyev
• w18580 November 2012 Incentives, Commitments and Habit Formation in Exercise: Evidence from a Field Experiment with Workers at a Fortune-500 Company
  Heather Royer, Mark F. Stehr, and Justin R. Sydnor
• w18579 November 2012 Tracing Value-added and Double Counting in Gross Exports
  Robert Koopman, Zhi Wang, and Shang-Jin Wei
• w18578 November 2012 Output Spillovers from Fiscal Policy
  Alan J. Auerbach and Yuriy Gorodnichenko
• w18577 November 2012 The Mover's Advantage: Scientific Performance of Mobile Academics
  Chiara Franzoni, Giuseppe Scellato, and Paula Stephan
• w18576 November 2012 Gender, Competitiveness and Career Choices
  Thomas Buser, Muriel Niederle, and Hessel Oosterbeek
• w18575 November 2012 What Makes Annuitization More Appealing?
  John Beshears, James J. Choi, David Laibson, Brigitte C. Madrian, and Stephen P. Zeldes
• w18574 November 2012 Free to Choose? Reform and Demand Response in the English National Health Service
  Martin Gaynor, Carol Propper, and Stephan Seiler
• w18573 November 2012 Democracy Undone. Systematic Minority Advantage in Competitive Vote Markets
  Alessandra Casella and Sébastien Turban
• w18572 November 2012 Analyzing the Effects of Insuring Health Risks: On the Trade-off between Short Run Insurance Benefits vs. Long Run Incentive Costs
  Harold L. Cole, Soojin Kim, and Dirk Krueger
• w18568 November 2012 Using Student Test Scores to Measure Principal Performance
  Jason A. Grissom, Demetra Kalogrides, and Susanna Loeb
• w18566 November 2012 Colonialism and Economic Development in Africa
  Leander Heldring and James A. Robinson
• w18571 November 2012 Public Liabilities and Health Care Policy
  Kristopher J. Hult and Tomas J. Philipson
• w18570 November 2012 Is Inflation Targeting Still On Target?
  Luis Felipe Céspedes, Roberto Chang, and Andrés Velasco
• w18567 November 2012 Aggregation of Consumer Ratings: An Application to Yelp.com
  Weijia Dai, Ginger Z. Jin, Jungmin Lee, and Michael Luca
• w18565 November 2012 Active vs. Passive Decisions and Crowdout in Retirement Savings Accounts: Evidence from Denmark
  Raj Chetty, John N. Friedman, Soren Leth-Petersen, Torben Nielsen, and Tore Olsen
• w18551 November 2012 Information and College Access: Evidence from a Randomized Field Experiment
  Philip Oreopoulos and Ryan Dunn
• w18558 November 2012 Embedded Leverage
  Andrea Frazzini and Lasse H. Pedersen
• w18557 November 2012 The Federal Reserve, Emerging Markets, and Capital Controls: A High Frequency Empirical Investigation
  Sebastian Edwards
• w18556 November 2012 On the Link Between the Volatility and Skewness of Growth
  Geert Bekaert and Alexander Popov
• w18555 November 2012 Building Castles in the Air: Evidence from Industry IPO Waves
  Zhi Da, Ravi Jagannathan, and Jianfeng Shen
• w18552 November 2012 The Effect of Pharmaceutical Innovation on Longevity: Patient-Level Evidence from the 1996-2002 Medical Expenditure Panel Survey and Linked Mortality Public-Use Files
  Frank R. Lichtenberg
• w18559 November 2012 The Asset Price Meltdown and the Wealth of the Middle Class
  Edward N. Wolff
• w18562 November 2012 Using Neural Data to Test a Theory of Investor Behavior: An Application to Realization Utility
  Cary Frydman, Nicholas Barberis, Colin Camerer, Peter Bossaerts, and Antonio Rangel
• w18563 November 2012 Currency Unions, Product Introductions, and the Real Exchange Rate
  Alberto Cavallo, Brent Neiman, and Roberto Rigobon
• w18564 November 2012 Nonlinear Policy Rules and the Identification and Estimation of Causal Effects in a Generalized Regression Kink Design
  David Card, David Lee, Zhuan Pei, and Andrea Weber
• w18560 November 2012 Arbitrage Asymmetry and the Idiosyncratic Volatility Puzzle
  Robert F. Stambaugh, Jianfeng Yu, and Yu Yuan
• w18561 November 2012 How Firms Export: Processing vs. Ordinary Trade with Financial Frictions
  Kalina Manova and Zhihong Yu
• w18553 November 2012 How Important Are Perpetual Tax Savings?
  James R. Hines Jr.
• w18554 November 2012 Empirical Cross-Sectional Asset Pricing
  Stefan Nagel
• w18545 November 2012 Fiscal Rules and Discretion under Persistent Shocks
  Marina Halac and Pierre Yared
• w18550 November 2012 Misallocation and Financial Frictions: Some Direct Evidence From the Dispersion in Borrowing Costs
  Simon Gilchrist, Jae W. Sim, and Egon Zakrajšek
• w18542 November 2012 Mismeasurement of Pensions Before and After Retirement: The Mystery of the Disappearing Pensions with Implications for the Importance of Social Security as a Source of Retirement Support
  Alan L. Gustman, Thomas L. Steinmeier, and Nahid Tabatabai
• w18548 November 2012 Speculative Betas
  Harrison Hong and David Sraer
• w18547 November 2012 Quiet Bubbles
  Harrison Hong and David Sraer
• w18546 November 2012 On the Spatial Economic Impact of Global Warming
  Klaus Desmet and Esteban Rossi-Hansberg
• w18534 November 2012 The Spatial Diffusion of Technology
  Diego A. Comin, Mikhail Dmitriev, and Esteban Rossi-Hansberg
• w18537 November 2012 Vulnerable Banks
  Robin Greenwood, Augustin Landier, and David Thesmar
• w18543 November 2012 You Owe Me
  Ulrike Malmendier and Klaus Schmidt
• w18549 November 2012 Repo and Securities Lending
  Tobias Adrian, Brian Begalle, Adam Copeland, and Antoine Martin
• w18538 November 2012 The Impacts of Microcredit: Evidence from Bosnia and Herzegovina
  Britta Augsburg, Ralph De Haas, Heike Harmgart, and Costas Meghir
• w18544 November 2012 The Making Of A Great Contraction With A Liquidity Trap and A Jobless Recovery
  Stephanie Schmitt-Grohé and Martín Uribe
• w18539 November 2012 The Political Economy of Government Revenues in Post-Conflict Resource-Rich Africa: Liberia and Sierra Leone
  Victor A.B. Davies and Sylvain Dessy
• w18540 November 2012 Dynamic Programming with Hermite Approximation
  Yongyang Cai and Kenneth L. Judd
• w18535 November 2012 Long Run Impacts of Childhood Access to the Safety Net
  Hilary W. Hoynes, Diane Whitmore Schanzenbach, and Douglas Almond
• w18541 November 2012 Free Lunch! Arbitrage Opportunities in the Foreign Exchange Markets
  Takatoshi Ito, Kenta Yamada, Misako Takayasu, and Hideki Takayasu
• w18536 November 2012 Monetary Rules for Commodity Traders
  Luis Catão and Roberto Chang
• w18524 November 2012 Highway to Success: The Impact of the Golden Quadrilateral Project for the Location and Performance of Indian Manufacturing
  Ejaz Ghani, Arti Grover Goswami, and William R. Kerr
• w18530 November 2012 Higher Education, Merit-Based Scholarships and Post-Baccalaureate Migration
  Maria D. Fitzpatrick and Damon Jones
• w18533 November 2012 Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing
  Koichiro Ito
• w18525 November 2012 Donating the Voucher: An Alternative Tax Treatment of Private School Enrollment
  Andrew A. Samwick
• w18504 November 2012 Carbon Markets: Past, Present, and Future
  Richard G. Newell, William A. Pizer, and Daniel Raimi
• w18523 November 2012 Affirmative Action and University Fit: Evidence from Proposition 209
  Peter Arcidiacono, Esteban Aucejo, Patrick Coate, and V. Joseph Hotz
• w18522 November 2012 Workplace Heterogeneity and the Rise of West German Wage Inequality
  David Card, Jörg Heining, and Patrick Kline
• w18521 November 2012 Optimal Labor Income Taxation
  Thomas Piketty and Emmanuel Saez
• w18520 November 2012 The U.S. Employment-Population Reversal in the 2000s: Facts and Explanations
  Robert A. Moffitt
• w18519 November 2012 Games and Resources
  Bård Harstad and Matti Liski
• w18517 November 2012 The Effect of Pension Design on Employer Costs and Employee Retirement Choices: Evidence from Oregon
  John Chalmers, Woodrow T. Johnson, and Jonathan Reuter
• w18531 November 2012 Systemic Risks in Global Banking: What Available Data can tell us and What More Data are Needed?
  Eugenio Cerutti, Stijn Claessens, and Patrick McGuire
• w18526 November 2012 Capital Controls: Gates versus Walls
  Michael W. Klein
• w18527 November 2012 Macroeconomic Adjustment and the History of Crises in Open Economies
  Joshua Aizenman and Ilan Noy
• w18528 November 2012 Dollar Funding and the Lending Behavior of Global Banks
  Victoria Ivashina, David S. Scharfstein, and Jeremy C. Stein
• w18518 November 2012 Does Mandatory Diversion to Drug Treatment Eliminate Racial Disparities in the Incarceration of Drug Offenders? An Examination of California's Proposition 36
  Nancy Nicosia, John M. MacDonald, and Rosalie Liccardo Pacula
• w18532 November 2012 Trade, Domestic Frictions, and Scale Effects
  Natalia Ramondo, Andrés Rodríguez-Clare, and Milagro Saborío-Rodríguez
• w18529 November 2012 Health Insurance Reform: The Impact of a Medicare Buy-In
  Gary D. Hansen, Minchung Hsu, and Junsang Lee
• w18507 November 2012 Understanding the Long-Run Decline in Interstate Migration
  Greg Kaplan and Sam Schulhofer-Wohl
• w18506 November 2012 The Role of Technological Change in Green Growth
  David Popp
• w18505 November 2012 Challenges in Identifying and Measuring Systemic Risk
  Lars Peter Hansen
• w18503 November 2012 Trade Policy and Wage Inequality: A Structural Analysis with Occupational and Sectoral Mobility
  Erhan Artuç and John McLaren
• w18500 November 2012 Did the New Deal Solidify the 1932 Democratic Realignment?
  Shawn Kantor, Price V. Fishback, and John Joseph Wallis
• w18502 November 2012 Retirement Pay and Officer Retention
  Jeffrey S. Smith and James E. West
• w18501 November 2012 Merging Simulation and Projection Approaches to Solve High-Dimensional Problems
  Kenneth L. Judd, Lilia Maliar, and Serguei Maliar
• w18513 November 2012 Information Acquisition in Rumor Based Bank Runs
  Zhiguo He and Asaf Manela
• w18512 November 2012 Ethnic Inequality
  Alberto F. Alesina, Stelios Michalopoulos, and Elias Papaioannou
• w18511 November 2012 Do Women Avoid Salary Negotiations? Evidence from a Large Scale Natural Field Experiment
  Andreas Leibbrandt and John A. List
• w18510 November 2012 LEADS on Macroeconomic Risks to and from the Household Sector
  Jonathan A. Parker
• w18509 November 2012 Trust and Cheating
  Jeffrey V. Butler, Paola Giuliano, and Luigi Guiso
• w18508 November 2012 Estimates of the Trade and Welfare Effects of NAFTA
  Lorenzo Caliendo and Fernando Parro
• w18514 November 2012 The Hated Property Tax: Salience, Tax Rates, and Tax Revolts
  Marika Cabral and Caroline Hoxby
• w18515 November 2012 Immigration and the Distribution of Incomes
  Francine D. Blau and Lawrence M. Kahn
• w18516 November 2012 Wrongful Discharge Laws and Innovation
  Viral V. Acharya, Ramin P. Baghai, and Krishnamurthy V. Subramanian
• w18499 October 2012 Retractions
  Pierre Azoulay, Jeffrey L. Furman, Joshua L. Krieger, and Fiona E. Murray
• w18496 October 2012 Rare Disasters, Tail-Hedged Investments, and Risk-Adjusted Discount Rates
  Martin L. Weitzman
• w18495 October 2012 A Theory of the Firm based on Partner Displacement
  Thomas F. Hellmann and Veikko Thiele
• w18494 October 2012 Words in Patents: Research Inputs and the Value of Innovativeness in Invention
  Mikko Packalen and Jay Bhattacharya
• w18493 October 2012 Early and Late Human Capital Investments, Borrowing Constraints, and the Family
  Elizabeth M. Caucutt and Lance Lochner
• w18492 October 2012 The Short-Run and Long-Run Effects of Behavioral Interventions: Experimental Evidence from Energy Conservation
  Hunt Allcott and Todd Rogers
• w18490 October 2012 The African Growth Miracle
  Alwyn Young
• w18489 October 2012 The Revenue Demands of Public Employee Pension Promises
  Robert Novy-Marx and Joshua D. Rauh
• w18488 October 2012 Defined Benefit Pension Plan Distribution Decisions by Public Sector Employees
  Robert L. Clark, Melinda S. Morrill, and David Vanderweide
• w18491 October 2012 Linking Benefits to Investment Performance in US Public Pension Systems
  Robert Novy-Marx and Joshua D. Rauh
• w18497 October 2012 Tax Multipliers: Pitfalls in Measurement and Identification
  Daniel Riera-Crichton, Carlos A. Vegh, and Guillermo Vuletin
• w18498 October 2012 Value-Added Exchange Rates
  Rudolfs Bems and Robert C. Johnson
• w18466 October 2012 The Economics of Child Well-Being
  Gabriella Conti and James J. Heckman
• w18487 October 2012 School Segregation, Educational Attainment and Crime: Evidence from the end of busing in Charlotte-Mecklenburg
  Stephen B. Billings, David J. Deming, and Jonah E. Rockoff
• w18469 October 2012 Is Psychological Well-being Linked to the Consumption of Fruit and Vegetables?
  David G. Blanchflower, Andrew J. Oswald, and Sarah Stewart-Brown
• w18486 October 2012 Understanding and Improving the Social Context of Well-Being
  John F. Helliwell
• w18485 October 2012 Parental Investments in College and Later Cash Transfers
  Steven J. Haider and Kathleen M. McGarry
• w18484 October 2012 The Effect of Schooling on Cognitive Skills
  Magnus Carlsson, Gordon B. Dahl, and Dan-Olof Rooth
• w18482 October 2012 Long Horizon Uncovered Interest Parity Re-Assessed
  Menzie D. Chinn and Saad Quayyum
• w18480 October 2012 Labor Market, Financial Crises and Inflation: Jobless and Wageless Recoveries
  Guillermo A. Calvo, Fabrizio Coricelli, and Pablo Ottonello
• w18479 October 2012 Reform of Ill-health Retirement Benefits for Police in England and Wales: The roles of National Policy and Local Finance
  Rowena Crawford and Richard Disney
• w18478 October 2012 Robust Standard Errors in Small Samples: Some Practical Advice
  Guido W. Imbens and Michal Kolesar
• w18477 October 2012 Do Schooling Laws Matter? Evidence from the Introduction of Compulsory Attendance Laws in the United States
  Karen Clay, Jeff Lingwall, and Melvin Stephens, Jr.
• w18476 October 2012 Financial Constraints on Corporate Goodness
  Harrison Hong, Jeffrey D. Kubik, and Jose A. Scheinkman
• w18475 October 2012 Popularity
  Gabriella Conti, Andrea Galeotti, Gerrit Mueller, and Stephen Pudney
• w18474 October 2012 Diasporas and Outsourcing: Evidence from oDesk and India
  Ejaz Ghani, William R. Kerr, and Christopher T. Stanton
• w18473 October 2012 Non-linear Effects of Taxation on Growth
  Nir Jaimovich and Sergio Rebelo
• w18472 October 2012 Investment, Accounting, and the Salience of the Corporate Income Tax
  Jesse Edgerton
• w18481 October 2012 Cost Effectiveness Analysis and the Design of Cost-Sharing in Insurance: Solving a Puzzle
  Mark Pauly
• w18470 October 2012 Germs, Social Networks and Growth
  Alessandra Fogli and Laura Veldkamp
• w18471 October 2012 A Game Theoretic Foundation of Competitive Equilibria with Adverse Selection
  Nick Netzer and Florian Scheuer
• w18467 October 2012 Prior Selection for Vector Autoregressions
  Domenico Giannone, Michele Lenza, and Giorgio E. Primiceri
• w18468 October 2012 Behavioral Hazard in Health Insurance
  Katherine Baicker, Sendhil Mullainathan, and Joshua Schwartzstein
• w18465 October 2012 The "Big C": Identifying Contagion
  Kristin Forbes
• w18464 October 2012 The Gender Gap in Mathematics: Evidence from Low- and Middle-Income Countries
  Prashant Bharadwaj, Giacomo De Giorgi, David Hansen, and Christopher Neilson
• w18463 October 2012 Agricultural Decisions after Relaxing Credit and Risk Constraints
  Dean Karlan, Robert Darko Osei, Isaac Osei-Akoto, and Christopher Udry
• w18483 October 2012 International Taxation and Cross-Border Banking
  Harry Huizinga, Johannes Voget, and Wolf Wagner
• w18461 October 2012 Health, Human Capital Formation and Knowledge Production: Two Centuries of International Evidence
  Jakob Madsen
• w18460 October 2012 Trust, Values and False Consensus
  Jeffrey Butler, Paola Giuliano, and Luigi Guiso
• w18459 October 2012 Mobilizing Social Capital Through Employee Spinoffs
  Marc-Andreas Muendler and James E. Rauch
• w18462 October 2012 Spatial and Temporal Heterogeneity of Marginal Emissions: Implications for Electric Cars and Other Electricity-Shifting Policies
  Joshua S. Graff Zivin, Matthew Kotchen, and Erin T. Mansur
• w18458 October 2012 Punishment and Cooperation in Stochastic Social Dilemmas
  Erte Xiao and Howard Kunreuther
• w18457 October 2012 Improving the Targeting of Treatment: Evidence from College Remediation
  Judith Scott-Clayton, Peter M. Crosta, and Clive R. Belfield
• w18456 October 2012 Energy-Saving Technical Change
  John Hassler, Per Krusell, and Conny Olovsson
• w18455 October 2012 Who Ran on Repo?
  Gary B. Gorton and Andrew Metrick
• w18454 October 2012 Financial Reforms and Capital Flows: Insights from General Equilibrium
  Alberto Martin and Jaume Ventura
• w18453 October 2012 Carrots that Look Like Sticks: Toward an Understanding of Multitasking Incentive Schemes
  Omar Al-Ubaydli, Steffen Andersen, Uri Gneezy, and John A. List
• w18452 October 2012 Do prices reveal the presence of informed trading?
  Pierre Collin-Dufresne and Vyacheslav Fos
• w18451 October 2012 Insider Trading, Stochastic Liquidity and Equilibrium Prices
  Pierre Collin-Dufresne and Vyacheslav Fos
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  Frederico Belo, Pierre Collin-Dufresne, and Robert S. Goldstein
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  Peter Arcidiacono, Patrick Bayer, Jason R. Blevins, and Paul B. Ellickson
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  Kathleen McGarry
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  Alessandra Fogli, Enoch Hill, and Fabrizio Perri
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  Alicia Munnell, Jean-Pierre Aubry, Joshua Hurwitz, and Laura Quinby
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  Daron Acemoglu, James A. Robinson, and Thierry Verdier
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  Raj Chetty and Amy Finkelstein
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  Isaac Ehrlich and Yong Yin
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  Richard Blundell, Luigi Pistaferri, and Itay Saporta-Eksten
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  Jarkko Harju and Tuomas Kosonen
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  Luis Felipe Céspedes, Roberto Chang, and Andrés Velasco
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  Finn E. Kydland, Peter Rupert, and Roman Sustek
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  Victor Lavy and Edith Sand
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  Huifang Tian, Xiaojun Shi , and John Whalley
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  Laura Kawano and Joel Slemrod
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  Scott A. Imberman and Michael F. Lovenheim
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  Stelios Michalopoulos, Alireza Naghavi, and Giovanni Prarolo
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  William N. Evans, Craig Garthwaite, and Timothy J. Moore
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  Ian Fillmore and Devin G. Pope
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  Kewei Hou, Chen Xue, and Lu Zhang
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  Luca Sala, Ulf Söderström, and Antonella Trigari
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  Anna Aizer and Flávio Cunha
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  Joon-Ho Hahm, Hyun Song Shin, and Kwanho Shin
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  Charles W. Calomiris, Joseph R. Mason, Marc Weidenmier, and Katherine Bobroff
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  Casey B. Mulligan
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  Patrick Francois, Ilia Rainer, and Francesco Trebbi
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  Ilia Rainer and Francesco Trebbi
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  Alberto F. Alesina and Silvia Ardagna
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  Anna Aizer, Laura Stroud, and Stephen Buka
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  Roger E.A. Farmer
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  Susanto Basu and Brent Bundick
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  Jesse Rothstein
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  Steven Shavell
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  Felipe Kast, Stephan Meier, and Dina Pomeranz
• w18411 September 2012 An Intertemporal CAPM with Stochastic Volatility
  John Y. Campbell, Stefano Giglio, Christopher Polk, and Robert Turley
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  Richard Hornbeck and Pinar Keskin
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  Peter Egger, Christian Keuschnigg, Valeria Merlo, and Georg Wamser
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  Bruce A. Blonigen, Lionel Fontagné, Nicholas Sly, and Farid Toubal
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  Jess Benhabib, Pengfei Wang, and Yi Wen
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  Claudia Goldin and Lawrence F. Katz
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  Peter N. Ireland
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  Zhiguo He and Konstantin Milbradt
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  Justine S. Hastings, Brigitte C. Madrian, and William L. Skimmyhorn
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  Samuel H. Preston, Andrew Stokes, Neil K. Mehta, and Bochen Cao
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  Florian Scheuer
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  Charles R. Hulten and Janet X. Hao
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  Olivier Jeanne
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  Yongheng Deng, Joseph Gyourko, and Jing Wu
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  Rema Hanna, Sendhil Mullainathan, and Joshua Schwartzstein
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  Karl E. Case, Robert J. Shiller, and Anne Thompson
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  Hunt Allcott
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  Daniel J. Benjamin, Ori Heffetz, Miles S. Kimball, and Nichole Szembrot
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  James Habyarimana and William Jack
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  Peter H. Lindert and Jeffrey G. Williamson
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  Steven N. Kaplan
• w18397 September 2012 Some Reflections on the Recent Financial Crisis
  Gary B. Gorton
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  John Y. Campbell, Tarun Ramadorai, and Benjamin Ranish
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  Jean-Pierre H. Dube, Günter J. Hitsch, and Pranav Jindal
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  Michael Greenstone, John A. List, and Chad Syverson
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  Francis X. Diebold
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  Lucija Muehlenbachs, Elisheba Spiller, and Christopher Timmins
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  Jeffrey R. Brown, Stephen G. Dimmock, and Scott Weisbenner
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  Jonathan Rose and Kenneth A. Snowden
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  Kory Kroft, Fabian Lange, and Matthew J. Notowidigdo
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  Markus K. Brunnermeier and Martin Oehmke
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  Edward P. Lazear and James R. Spletzer
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  Timothy Simcoe and Michael W. Toffel
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  Jörn-Steffen Pischke and Hannes Schwandt
• w18383 September 2012 Russian Inequality on the Eve of Revolution
  Steven Nafziger and Peter H. Lindert
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  Charles Engel, Nelson C. Mark, and Kenneth D. West
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  Emmanuel Farhi and Iván Werning
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  C. Bora Durdu, Enrique G. Mendoza, and Marco E. Terrones
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  Russell Cooper
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  Enrique G. Mendoza and Marco E. Terrones
• w18399 September 2012 Estimating Dynamic Equilibrium Models with Stochastic Volatility
  Jesus Fernandez-Villaverde, Pablo A. Guerrón-Quintana, and Juan Rubio-Ramírez
• w18376 September 2012 A Study of the Extent and Potential Causes of Alternative Employment Arrangements
  Peter Cappelli and J. R. Keller
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  Eli Berman, Joseph Felter, Ethan Kapstein, and Erin Troland
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  Guillermo Ordoñez
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  Keith M. Marzilli Ericson
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  Hideaki Hirata, M. Ayhan Kose, Christopher Otrok, and Marco E. Terrones
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  Robert E. Hall
• w18369 September 2012 Expanding School Resources and Increasing Time on Task: Effects of a Policy Experiment in Israel on Student Academic Achievement and Behavior
  Victor Lavy
• w18368 September 2012 Healing the Wounds: Learning from Sierra Leone's Post-war Institutional Reforms
  Katherine Casey, Rachel Glennerster, and Edward Miguel
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  Hui Chen, Yu Xu, and Jun Yang
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  Loukas Karabarbounis
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  Laurence Ales, Pricila Maziero, and Pierre Yared
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  Kristopher Gerardi, Eric Rosenblatt, Paul S. Willen, and Vincent Yao
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  Assaf Razin and Steven Rosefielde
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  Courtney C. Coile, Phillip B. Levine, and Robin McKnight
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  Michael J. Fishman and Jonathan A. Parker
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  Ravi Bansal and Ivan Shaliastovich
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  Jongha Lim, Bernadette A. Minton, and Michael Weisbach
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  Claire S.H. Lim and James M. Snyder, Jr.
• w18365 September 2012 Continuous-Time Methods for Integrated Assessment Models
  Yongyang Cai, Kenneth L. Judd, and Thomas S. Lontzek
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  Carolin Haeussler and Matthew J. Higgins
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  Gerardo della Paolera and Alan M. Taylor
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  Julien Bengui, Enrique G. Mendoza, and Vincenzo Quadrini
• w18371 September 2012 Early-Life Health and Adult Circumstance in Developing Countries
  Janet Currie and Tom Vogl
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  Teresa B. Gibson, A. Mark Fendrick, and Michael E. Chernew
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  Donghoon Lee, Christopher J. Mayer, and Joseph Tracy
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  Paul R. Bergin, Reuven Glick, and Jyh-Lin Wu
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  Sumit Agarwal, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, Tomasz Piskorski, and Amit Seru
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  Eli Berman, Laurence R. Iannaccone, and Giuseppe Ragusa
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  Eva O. Arceo-Gomez, Rema Hanna, and Paulina Oliva
• w18348 August 2012 Refining Linear Rational Expectations Models and Equilibria
  Seonghoon Cho and Bennett T. McCallum
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  Costas Meghir, Renata Narita, and Jean-Marc Robin
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  Vivi Alatas, Abhijit Banerjee, Arun G. Chandrasekhar, Rema Hanna, and Benjamin A. Olken
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  Tobias Adrian, Paolo Colla, and Hyun Song Shin
• w18346 August 2012 R&D and the Incentives from Merger and Acquisition Activity
  Gordon M. Phillips and Alexei Zhdanov
• w18345 August 2012 Temperature, Human Health, and Adaptation: A Review of the Empirical Literature
  Olivier Deschenes
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  Katrina Jessoe and David Rapson
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  Edward L. Glaeser, Sari Pekkala Kerr, and William R. Kerr
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  Robert J. Gordon
• w18332 August 2012 Equalizing Outcomes and Equalizing Opportunities: Optimal Taxation when Children's Abilities Depend on Parents' Resources
  Alexander M. Gelber and Matthew C. Weinzierl
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  Tanya Molodtsova and David Papell
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  Fernando Broner, Paula Bustos, and Vasco M. Carvalho
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  Stephanie Riegg Cellini and Latika Chaudhary
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  Jeffrey R. Brown and Scott Weisbenner
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  John Cawley, David Frisvold, and Chad Meyerhoefer
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  Dina Mayzlin, Yaniv Dover, and Judith A. Chevalier
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  Alberto Alesina, Carlo Favero, and Francesco Giavazzi
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  Nir Jaimovich and Henry E. Siu
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  John Y. Campbell
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  Theodore J. Joyce, Ruoding Tan, and Yuxiu Zhang
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  Kristin J. Forbes and Francis E. Warnock
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  Judith Scott-Clayton and Olga Rodriguez
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  Jessica Wolpaw Reyes
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  Kevin Callison and Robert Kaestner
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  Dean Karlan, Ryan Knight, and Christopher Udry
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  Justine S. Hastings, Christopher A. Neilson, and Seth D. Zimmerman
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  Francesc Ortega and Giovanni Peri
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  Bennett T. McCallum
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  Efraim Benmelech
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  Adriana Lleras-Muney and Allison Shertzer
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  Luca Guerrieri, Matteo Iacoviello, and Raoul Minetti
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  Ralph S.J. Koijen and Motohiro Yogo
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  Tom Vogl
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  Tom Vogl
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  Tom Vogl
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  Ryan L. Lampe and Petra Moser
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  Edward P. Lazear, Kathryn L. Shaw, and Christopher T. Stanton
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  Richard Hornbeck and Suresh Naidu
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  Leopoldo Fergusson, James A. Robinson, Ragnar Torvik, and Juan F. Vargas
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  Robert C. Feenstra and John Romalis
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  Lauren Cohen, Umit G. Gurun, and Christopher J. Malloy
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  Ran Abramitzky, Leah Platt Boustan, and Katherine Eriksson
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  Albert N. Link, Christopher J. Ruhm, and Donald S. Siegel
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  Robert J. Barro
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  Ethan G. Lewis
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  H. Allen Klaiber, V. Kerry Smith, Michael Kaminsky, and Aaron Strong
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  Bruce D. Meyer and Laura R. Wherry
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  Adam Bee, Bruce D. Meyer, and James X. Sullivan
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  Michael Roach and Wesley M. Cohen
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  Abhay Aneja, John J. Donohue III, and Alexandria Zhang
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  John Kennan
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  Lawrence H. Goulder and Roberton C. Williams III
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  Jeffrey Brown, Chichun Fang, and Francisco Gomes
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  Richard Schmalensee and Robert Stavins
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  Nicola Lacetera, Mario Macis, and Sarah S. Stith
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  Ravi Bansal, Dana Kiku, and Amir Yaron
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  Glenn Ellison and Ashley Swanson
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  Diego Puga and Daniel Trefler
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  Janvier D. Nkurunziza, Léonce Ndikumana, and Prime Nyamoya
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  Takeo Hoshi and Takatoshi Ito
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  Bruce A. Blonigen and Anca D. Cristea
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  Roger E.A. Farmer
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  Lauren Cohen, Karl B. Diether, and Christopher Malloy
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  Alan M. Taylor
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  Nathaniel Hendren
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  Guillermo A. Calvo
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  David Dranove, Christopher Forman, Avi Goldfarb, and Shane Greenstein
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  Jason Fletcher, Nicole L. Hair, and Barbara L. Wolfe
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  Jeffrey A. Frankel and Jesse Schreger
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  Ivan Werning and Emmanuel Farhi
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  Ayşegül Şahin, Joseph Song, Giorgio Topa, and Giovanni L. Violante
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  Olivier Deschenes, Michael Greenstone, and Joseph S. Shapiro
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  S. Boragan Aruoba, Morris A. Davis, and Randall Wright
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  Price V. Fishback and Trevor Kollmann
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  Price V. Fishback and John Joseph Wallis
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  Craig B. Merrill, Taylor D. Nadauld, René M. Stulz, and Shane Sherlund
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  Stelios Michalopoulos and Elias Papaioannou
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  Alberto Chong, Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer
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  David Atkin
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  Olivier Coibion, Yuriy Gorodnichenko, and Gee Hee Hong
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  Nicolas Berman, José De Sousa, Philippe Martin, and Thierry Mayer
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  Leemore Dafny and Subramaniam Ramanarayanan
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  Ling Feng, Zhiyuan Li, and Deborah L. Swenson
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  Carola Frydman, Eric Hilt, and Lily Y. Zhou
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  Dimitri Vayanos and Jiang Wang
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  Mercedes Delgado, Michael E. Porter, and Scott Stern
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  Mercedes Delgado, Christian Ketels, Michael E. Porter, and Scott Stern
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  Daron Acemoglu and Alexander Wolitzky
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  Edward C. Norton
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  Richard M. Levich
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  Robert Kaestner and Anthony T. Lo Sasso
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  Joel C. Cantor, Alan C. Monheit, Derek DeLia, and Kristen Lloyd
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  Jason M. Fletcher and Stephen L. Ross
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  Florian Heider and Alexander Ljungqvist
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  Péter Hudomiet and Robert J. Willis
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  Robert S. Pindyck
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  Lex Borghans, Anne C. Gielen, and Erzo F.P. Luttmer
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  Lorenzo Caliendo, Ferdinando Monte, and Esteban Rossi-Hansberg
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  Robert F. Stambaugh, Jianfeng Yu, and Yu Yuan
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  Raj Chetty, John N. Friedman, and Emmanuel Saez
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  Tinna Laufey Ásgeirsdóttir, Hope Corman, Kelly Noonan, Þórhildur Ólafsdóttir, and Nancy E. Reichman
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  Shamena Anwar and Hanming Fang
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  Dhaval M. Dave and Jose M. Fernandez
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  Frank R. Lichtenberg
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