Papers Issued in 2015

• w21839 December 2015 Free to Choose: Can School Choice Reduce Student Achievement?
  Atila Abdulkadiroglu, Parag A. Pathak, and Christopher R. Walters
• w21836 December 2015 Effects of ACA Medicaid Expansions on Health Insurance Coverage and Labor Supply
  Robert Kaestner, Bowen Garrett, Anuj Gangopadhyaya, and Caitlyn Fleming
• w21834 December 2015 Sharing Risk with the Government: How Taxes Affect Corporate Risk Taking
  Alexander Ljungqvist, Liandong Zhang, and Luo Zuo
• w21835 December 2015 Incentive Design in Education: An Empirical Analysis
  Hugh Macartney, Robert McMillan, and Uros Petronijevic
• w21832 December 2015 The Welfare Effects of Vertical Integration in Multichannel Television Markets
  Gregory S. Crawford, Robin S. Lee, Michael D. Whinston, and Ali Yurukoglu
• w21830 December 2015 The Minimum Wage and the Great Recession: Evidence from the Current Population Survey
  Jeffrey Clemens
• w21837 December 2015 Contracting out the Last-Mile of Service Delivery: Subsidized Food Distribution in Indonesia
  Abhijit Banerjee, Rema Hanna, Jordan C. Kyle, Benjamin A. Olken, and Sudarno Sumarto
• w21838 December 2015 Endogenous Volatility at the Zero Lower Bound: Implications for Stabilization Policy
  Susanto Basu and Brent Bundick
• w21831 December 2015 An Empirical Analysis of Racial Segregation in Higher Education
  Peter Hinrichs
• w21833 December 2015 Screening and Adverse Selection in Frictional Markets
  Benjamin Lester, Ali Shourideh, Venky Venkateswaran, and Ariel Zetlin-Jones
• w21829 December 2015 The Paradox of Civilization: Pre-Institutional Sources of Security and Prosperity
  Ernesto Dal Bó, Pablo Hernández, and Sebastián Mazzuca
• w21827 December 2015 Changing Faculty Employment at Four-Year Colleges and Universities in the United States
  Liang Zhang, Ronald G. Ehrenberg, and Xiangmin Liu
• w21826 December 2015 Household Location Decisions and the Value of Climate Amenities
  Paramita Sinha, Maureen L. Cropper, and Martha Caulkins
• w21825 December 2015 The Personnel Economics of the State
  Frederico Finan, Benjamin A. Olken, and Rohini Pande
• w21824 December 2015 The Quantity-Quality Trade-off and the Formation of Cognitive and Non-cognitive Skills
  Chinhui Juhn, Yona Rubinstein, and C. Andrew Zuppann
• w21823 December 2015 Striving for Balance in Economics: Towards a Theory of the Social Determination of Behavior
  Karla Hoff and Joseph E. Stiglitz
• w21828 December 2015 College Party Culture and Sexual Assault
  Jason M. Lindo, Peter M. Siminski, and Isaac D. Swensen
• w21819 December 2015 Knowledge of Future Job Loss and Implications for Unemployment Insurance
  Nathaniel Hendren
• w21820 December 2015 Credit Frictions and Optimal Monetary Policy
  Vasco Cúrdia and Michael Woodford
• w21821 December 2015 The Political Economy of Government Debt
  Alberto Alesina and Andrea Passalacqua
• w21818 December 2015 The Welfare Cost of Perceived Policy Uncertainty: Evidence from Social Security
  Erzo F.P. Luttmer and Andrew A. Samwick
• w21815 December 2015 The Price Ain’t Right? Hospital Prices and Health Spending on the Privately Insured
  Zack Cooper, Stuart V. Craig, Martin Gaynor, and John Van Reenen
• w21813 December 2015 The Plaza Accord, 30 Years Later
  Jeffrey Frankel
• w21817 December 2015 Financial Integration and Growth in a Risky World
  Nicolas Coeurdacier, Hélène Rey, and Pablo Winant
• w21814 December 2015 Inflation Targeting Does Not Anchor Inflation Expectations: Evidence from Firms in New Zealand
  Saten Kumar, Hassan Afrouzi, Olivier Coibion, and Yuriy Gorodnichenko
• w21811 December 2015 Productivity and Organization in Portuguese Firms
  Lorenzo Caliendo, Giordano Mion, Luca David Opromolla, and Esteban Rossi-Hansberg
• w21812 December 2015 Globalization and Its (Dis-)Content: Trade Shocks and Voting Behavior
  Christian Dippel, Robert Gold, and Stephan Heblich
• w21810 December 2015 The Dynamics of Adjustable-Rate Subprime Mortgage Default: A Structural Estimation
  Hanming Fang, You Suk Kim, and Wenli Li
• w21809 December 2015 Historical Origins of a Major Killer: Cardiovascular Disease in the American South
  Richard H. Steckel and Garrett Senney
• w21750 December 2015 Forward Guidance in the Yield Curve: Short Rates versus Bond Supply
  Robin Greenwood, Samuel Hanson, and Dimitri Vayanos
• w21822 December 2015 Fiscal Analysis is Darned Hard
  Eric M. Leeper
• w21816 December 2015 Measuring the Effects of Unconventional Monetary Policy on Asset Prices
  Eric T. Swanson
• w21808 December 2015 The Globalization of Angel Investments: Evidence across Countries
  Josh Lerner, Antoinette Schoar, Stanislav Sokolinski, and Karen Wilson
• w21803 December 2015 Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response?
  Sydney C. Ludvigson, Sai Ma, and Serena Ng
• w21804 December 2015 Total Returns to Single Family Rentals
  Andrea Eisfeldt and Andrew Demers
• w21802 December 2015 Corporate Governance and Blockchains
  David Yermack
• w21798 December 2015 The Evolution of Culture and Institutions: Evidence from the Kuba Kingdom
  Sara Lowes, Nathan Nunn, James A. Robinson, and Jonathan Weigel
• w21806 December 2015 Double for Nothing? Experimental Evidence on the Impact of an Unconditional Teacher Salary Increase on Student Performance in Indonesia
  Joppe de Ree, Karthik Muralidharan, Menno Pradhan, and Halsey Rogers
• w21801 December 2015 The Labor Market Effects of a Refugee Wave: Applying the Synthetic Control Method to the Mariel Boatlift
  Giovanni Peri and Vasil Yasenov
• w21799 December 2015 A History of U.S. Debt Limits
  George J. Hall and Thomas J. Sargent
• w21800 December 2015 Specialization in Bank Lending: Evidence from Exporting Firms
  Daniel Paravisini, Veronica Rappoport, and Philipp Schnabl
• w21795 December 2015 In Search of Ideas: Technological Innovation and Executive Pay Inequality
  Carola Frydman and Dimitris Papanikolaou
• w21797 December 2015 Inferring Risk Perceptions and Preferences using Choice from Insurance Menus: Theory and Evidence
  Keith Marzilli Ericson, Philipp Kircher, Johannes Spinnewijn, and Amanda Starc
• w21796 December 2015 Money and Output: Friedman and Schwartz Revisited
  Michael T. Belongia and Peter N. Ireland
• w21791 December 2015 A New Dilemma: Capital Controls and Monetary Policy in Sudden Stop Economies
  Michael B. Devereux, Eric R. Young, and Changhua Yu
• w21792 December 2015 Controlling for the Compromise Effect Debiases Estimates of Risk Preference Parameters
  Jonathan P. Beauchamp, Daniel J. Benjamin, Christopher F. Chabris, and David I. Laibson
• w21793 December 2015 International Coordination and Precautionary Policies
  Joshua Aizenman
• w21794 December 2015 Urban Networks: Connecting Markets, People, and Ideas
  Edward L. Glaeser, Giacomo A. M. Ponzetto, and Yimei Zou
• w21789 December 2015 Voter Preferences and Political Change: Evidence from Shale Booms
  Viktar Fedaseyeu, Erik Gilje, and Philip E. Strahan
• w21787 December 2015 Air Pollution and Criminal Activity: Evidence from Chicago Microdata
  Evan Herrnstadt and Erich Muehlegger
• w21788 December 2015 Does Science Advance One Funeral at a Time?
  Pierre Azoulay, Christian Fons-Rosen, and Joshua S. Graff Zivin
• w21786 December 2015 Forbearance by Contract: How Building and Loans Mitigated the Mortgage Crisis of the 1930s
  Sebastián Fleitas, Price Fishback, and Kenneth Snowden
• w21790 December 2015 Menthol Cigarette Advertising and Cigarette Demand
  Donald Kenkel, Alan Mathios, and Hua Wang
• w21784 December 2015 Short-Term Pain for Long-Term Gain: Market Deregulation and Monetary Policy in Small Open Economies
  Matteo Cacciatore, Romain Duval, Giuseppe Fiori, and Fabio Ghironi
• w21807 December 2015 Economic Impossibilities for our Grandchildren?
  Kevin Hjortshøj O'Rourke
• w21785 December 2015 Colonial Virginia’s Paper Money Regime, 1755-1774: a Forensic Accounting Reconstruction of the Data
  Farley Grubb
• w21805 December 2015 The International Monetary Fund: 70 Years of Reinvention
  Carmen M. Reinhart and Christoph Trebesch
• w21783 December 2015 Externalities and Benefit Design in Health Insurance
  Amanda Starc and Robert J. Town
• w21781 December 2015 Improving College Access in the United States: Barriers and Policy Responses
  Lindsay C. Page and Judith Scott-Clayton
• w21782 December 2015 The GATT's Starting Point: Tariff Levels circa 1947
  Chad P. Bown and Douglas A. Irwin
• w21780 December 2015 Listen to your Doctor, or else!: Medication Under-use and Overuse and Long-term Health Outcomes of Danish Diabetes Patients
  Gisela Hostenkamp and Frank R. Lichtenberg
• w21777 December 2015 Stages of Diversification: France, 1836-1938
  Stéphane Becuwe, Bertrand Blancheton, and Christopher M. Meissner
• w21778 December 2015 Big Data and Big Cities: The Promises and Limitations of Improved Measures of Urban Life
  Edward L. Glaeser, Scott Duke Kominers, Michael Luca, and Nikhil Naik
• w21779 December 2015 Working through the Distribution: Money in the Short and Long Run
  Guillaume Rocheteau, Pierre-Olivier Weill, and Tsz-Nga Wong
• w21773 December 2015 Pareto Weights as Wedges in Two-Country Models
  David Backus, Chase Coleman, Axelle Ferriere, and Spencer Lyon
• w21775 December 2015 Learning Entrepreneurship From Other Entrepreneurs?
  Luigi Guiso, Luigi Pistaferri, and Fabiano Schivardi
• w21776 December 2015 Where Has All The Skewness Gone? The Decline In High-Growth (Young) Firms In The U.S.
  Ryan A. Decker, John Haltiwanger, Ron S. Jarmin, and Javier Miranda
• w21769 December 2015 Patent Rights, Innovation and Firm Exit
  Alberto Galasso and Mark Schankerman
• w21770 December 2015 Economic Gains for U.S. States from Educational Reform
  Eric A. Hanushek, Jens Ruhose, and Ludger Woessmann
• w21771 December 2015 Comparing Asset Pricing Models
  Francisco Barillas and Jay Shanken
• w21772 December 2015 Explaining Consumption Excess Sensitivity with Near-Rationality: Evidence from Large Predetermined Payments
  Lorenz Kueng
• w21774 December 2015 Obstfeld and Rogoff's International Macro Puzzles: A Quantitative Assessment
  Jonathan Eaton, Samuel S. Kortum, and Brent Neiman
• w21768 December 2015 Tariff Reductions, Entry, and Welfare: Theory and Evidence for the Last Two Decades
  Lorenzo Caliendo, Robert C. Feenstra, John Romalis, and Alan M. Taylor
• w21764 November 2015 Wage Dispersion and Search Behavior: The Importance of Non-Wage Job Values
  Robert E. Hall and Andreas I. Mueller
• w21765 November 2015 Democratic Rulemaking
  John M. de Figueiredo and Edward H. Stiglitz
• w21767 November 2015 Climate Change and Long-Run Discount Rates: Evidence from Real Estate
  Stefano Giglio, Matteo Maggiori, Johannes Stroebel, and Andreas Weber
• w21761 November 2015 Divorce: What Does Learning Have to Do with It?
  Ioana Marinescu
• w21762 November 2015 The Effect of Wealth on Individual and Household Labor Supply: Evidence from Swedish Lotteries
  David Cesarini, Erik Lindqvist, Matthew J. Notowidigdo, and Robert Östling
• w21763 November 2015 When do Firms Go Green? Comparing Command and Control Regulations with Price Incentives in India
  Ann Harrison, Benjamin Hyman, Leslie Martin, and Shanthi Nataraj
• w21755 November 2015 Tax Revenue Trends in Asia and Latin America: A Comparative Analysis
  Joshua Aizenman, Yothin Jinjarak, Jungsuk Kim, and Donghyun Park
• w21756 November 2015 Immigrants and Gender Roles: Assimilation vs. Culture
  Francine D. Blau
• w21760 November 2015 State Taxes and Spatial Misallocation
  Pablo D. Fajgelbaum, Eduardo Morales, Juan Carlos Suárez Serrato, and Owen M. Zidar
• w21759 November 2015 Information Frictions and Adverse Selection: Policy Interventions in Health Insurance Markets
  Benjamin R. Handel, Jonathan T. Kolstad, and Johannes Spinnewijn
• w21758 November 2015 An Experimental Study of Decentralized Link Formation with Competition
  Margherita Comola and Marcel Fafchamps
• w21757 November 2015 Optimal Income Taxation with Unemployment and Wage Responses: A Sufficient Statistics Approach
  Kory Kroft, Kavan J. Kucko, Etienne Lehmann, and Johannes F. Schmieder
• w21753 November 2015 The Dynamics of Comparative Advantage
  Gordon H. Hanson, Nelson Lind, and Marc-Andreas Muendler
• w21754 November 2015 Citations in Economics: Measurement, Uses and Impacts
  Daniel S. Hamermesh
• w21752 November 2015 Get With the Program: Software-Driven Innovation in Traditional Manufacturing
  Lee G. Branstetter, Matej Drev, and Namho Kwon
• w21766 November 2015 Early Childhood Education
  Sneha Elango, Jorge Luis García, James J. Heckman, and Andrés Hojman
• w21744 November 2015 Bad Investments and Missed Opportunities? Postwar Capital Flows to Asia and Latin America
  Lee E. Ohanian, Paulina Restrepo-Echavarria, and Mark L. J. Wright
• w21742 November 2015 Lessons Learned from Three Decades of Experience with Cap-and-Trade
  Richard Schmalensee and Robert Stavins
• w21749 November 2015 A Demand System Approach to Asset Pricing
  Ralph S.J. Koijen and Motohiro Yogo
• w21748 November 2015 Leveraging Lotteries for School Value-Added: Testing and Estimation
  Joshua Angrist, Peter Hull, Parag A. Pathak, and Christopher Walters
• w21747 November 2015 Paid Family Leave, Fathers’ Leave-Taking, and Leave-Sharing in Dual-Earner Households
  Ann Bartel, Maya Rossin-Slater, Christopher Ruhm, Jenna Stearns, and Jane Waldfogel
• w21746 November 2015 The Relationship between Establishment Training and the Retention of Older Workers: Evidence from Germany
  Peter B. Berg, Mary K. Hamman, Matthew M. Piszczek, and Christopher J. Ruhm
• w21745 November 2015 Short-run Effects of Parental Job Loss on Child Health
  Jessamyn Schaller and Mariana Zerpa
• w21739 November 2015 Regulation and Market Liquidity
  Francesco Trebbi and Kairong Xiao
• w21740 November 2015 Human Capital Development and Parental Investment in India
  Orazio Attanasio, Costas Meghir, and Emily Nix
• w21743 November 2015 Agency Business Cycles
  Mikhail Golosov and Guido Menzio
• w21741 November 2015 Identifying the Cost of a Public Health Success: Arsenic Well Water Contamination and Productivity in Bangladesh
  Mark M. Pitt, Mark R. Rosenzweig, and Nazmul Hassan
• w21751 November 2015 Economics of Means-Tested Transfer Programs: Introduction
  Robert Moffitt
• w21738 November 2015 Sign Restrictions in Bayesian FaVARs with an Application to Monetary Policy Shocks
  Pooyan Amir Ahmadi and Harald Uhlig
• w21735 November 2015 Global Collaborative Patents
  Sari Pekkala Kerr and William R. Kerr
• w21734 November 2015 Explaining Foreign Holdings of Asia's Debt Securities: The Feldstein-Horioka Paradox Revisited
  Charles Yuji Horioka, Akiko Terada-Hagiwara, and Takaaki Nomoto
• w21736 November 2015 Declining Wealth and Work Among Male Veterans in the Health and Retirement Study
  Alan L. Gustman, Thomas L. Steinmeier, and Nahid Tabatabai
• w21733 November 2015 Job Creation, Small vs. Large vs. Young, and the SBA
  J. David Brown, John S. Earle, and Yana Morgulis
• w21737 November 2015 Self-Oriented Monetary Policy, Global Financial Markets and Excess Volatility of International Capital Flows
  Ryan Banerjee, Michael B. Devereux, and Giovanni Lombardo
• w21731 November 2015 Dynamic Directed Random Matching
  Darrell Duffie, Lei Qiao, and Yeneng Sun
• w21732 November 2015 Dynamics of the U.S. Price Distribution
  David Berger and Joseph Vavra
• w21725 November 2015 It’s About Time: Effects of the Affordable Care Act Dependent Coverage Mandate On Time Use
  Gregory Colman and Dhaval Dave
• w21726 November 2015 Inflation and Activity – Two Explorations and their Monetary Policy Implications
  Olivier Blanchard, Eugenio Cerutti, and Lawrence Summers
• w21728 November 2015 Common Currency versus Currency Union: The U.S. Continental Dollar and Denominational Structure, 1775-1776
  Farley Grubb
• w21729 November 2015 Gentrification and the Rising Returns to Skill
  Lena Edlund, Cecilia Machado, and Maria Micaela Sviatschi
• w21720 November 2015 Insiders and Outsiders: Local Ethnic Politics and Public Goods Provision
  Kaivan Munshi and Mark Rosenzweig
• w21721 November 2015 Wealth Distribution and Social Mobility in the US: A Quantitative Approach
  Jess Benhabib, Alberto Bisin, and Mi Luo
• w21722 November 2015 US Monetary Policy and the Global Financial Cycle
  Silvia Miranda-Agrippino and Hélène Rey
• w21727 November 2015 Access to Schooling and the Black-White Incarceration Gap in the Early 20th Century US South: Evidence from Rosenwald Schools
  Katherine Eriksson
• w21724 November 2015 The Option Value of Human Capital: Higher Education and Wage Inequality
  Sang Yoon (Tim) Lee, Yongseok Shin, and Donghoon Lee
• w21723 November 2015 Impacts of Being Downwind of a Coal-Fired Power Plant on Infant Health at Birth: Evidence from the Precedent-Setting Portland Rule
  Muzhe Yang and Shin-Yi Chou
• w21718 November 2015 Nonlinear Pricing in Village Economies
  Orazio Attanasio and Elena Pastorino
• w21717 November 2015 Measuring and Changing Control: Women’s Empowerment and Targeted Transfers
  Ingvild Almås, Alex Armand, Orazio Attanasio, and Pedro Carneiro
• w21716 November 2015 RMBI or RMBR: Is the Renminbi Destined to Become a Global or Regional Currency?
  Barry Eichengreen and Domenico Lombardi
• w21715 November 2015 How Strong are Ethnic Preferences?
  Lars Ivar Oppedal Berge, Kjetil Bjorvatn, Simon Galle, Edward Miguel, Daniel N. Posner, Bertil Tungodden, and Kelly Zhang
• w21711 November 2015 Climate Engineering Economics
  Garth Heutel, Juan Moreno-Cruz, and Katharine Ricke
• w21712 November 2015 Host-MNC Relations in Resource-Rich Countries
  Natasha Chichilnisky-Heal and Geoffrey Heal
• w21713 November 2015 Work and Consumption in an Era of Unbalanced Technological Advance
  Benjamin M. Friedman
• w21714 November 2015 Prescription Drug Advertising and Drug Utilization: The Role of Medicare Part D
  Abby Alpert, Darius Lakdawalla, and Neeraj Sood
• w21709 November 2015 Discretion in Hiring
  Mitchell Hoffman, Lisa B. Kahn, and Danielle Li
• w21708 November 2015 Work Incentives in the Social Security Disability Benefit Formula
  Gopi Shah Goda, John B. Shoven, and Sita Slavov
• w21730 November 2015 Piketty's Book and Macro Models of Wealth Inequality
  Mariacristina De Nardi, Giulio Fella, and Fang Yang
• w21707 November 2015 Business Groups in Canada: Their Rise and Fall, and Rise and Fall Again
  Randall Morck and Gloria Y. Tian
• w21710 November 2015 Central bank Credibility Before and After the Crisis
  Michael D. Bordo and Pierre L. Siklos
• w21719 November 2015 The Tail that Wags the Economy: Beliefs and Persistent Stagnation
  Julian Kozlowski, Laura Veldkamp, and Venky Venkateswaran
• w21706 November 2015 Commuting, Migration and Local Employment Elasticities
  Ferdinando Monte, Stephen J. Redding, and Esteban Rossi-Hansberg
• w21705 November 2015 Research Design Meets Market Design: Using Centralized Assignment for Impact Evaluation
  Atila Abdulkadiroglu, Joshua D. Angrist, Yusuke Narita, and Parag A. Pathak
• w21703 November 2015 Why did the Democrats Lose the South? Bringing New Data to an Old Debate
  Ilyana Kuziemko and Ebonya Washington
• w21704 November 2015 Mobile Messaging for Offline Group Formation in Prosocial Activities: A Large Field Experiment
  Tianshu Sun, Guodong (Gordon) Gao, and Ginger Zhe Jin
• w21699 November 2015 Immigration, Human Capital Formation and Endogenous Economic Growth
  Isaac Ehrlich and Jinyoung Kim
• w21700 November 2015 Momentum in Imperial Russia
  William Goetzmann and Simon Huang
• w21701 November 2015 How Do Right-To-Carry Laws Affect Crime Rates? Coping With Ambiguity Using Bounded-Variation Assumptions
  Charles F. Manski and John V. Pepper
• w21702 November 2015 Training and Search On the Job
  Rasmus Lentz and Nicolas Roys
• w21696 November 2015 Size Discovery
  Darrell Duffie and Haoxiang Zhu
• w21695 November 2015 Taste for Competition and the Gender Gap Among Young Business Professionals
  Ernesto Reuben, Paola Sapienza, and Luigi Zingales
• w21694 November 2015 The U.S. Debt Restructuring of 1933: Consequences and Lessons
  Sebastian Edwards, Francis A. Longstaff, and Alvaro Garcia Marin
• w21698 November 2015 Which Alpha?
  Francisco Barillas and Jay Shanken
• w21697 November 2015 Caloric Requirements and Food Consumption Patterns of the Poor
  Shari Eli and Nicholas Li
• w21692 October 2015 Unequal Bequests
  Marco Francesconi, Robert A. Pollak, and Domenico Tabasso
• w21690 October 2015 Enlarging the Contracting Space: Collateral Menus, Access to Credit, and Economic Activity
  Murillo Campello and Mauricio Larrain
• w21689 October 2015 Factors Determining Callbacks to Job Applications by the Unemployed: An Audit Study
  Henry S. Farber, Dan Silverman, and Till von Wachter
• w21687 October 2015 Where Does Voucher Funding Go? How Large-Scale Subsidy Programs Affect Private-School Revenue, Enrollment, and Prices
  Daniel M. Hungerman and Kevin Rinz
• w21688 October 2015 Greek Budget Realities: No Easy Options
  Christopher L. House and Linda L. Tesar
• w21684 October 2015 Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System
  Charles W. Calomiris, Matthew Jaremski, Haelim Park, and Gary Richardson
• w21686 October 2015 The Choice Channel of Financial Innovation
  Felipe S. Iachan, Plamen T. Nenov, and Alp Simsek
• w21683 October 2015 Rosca Meets Formal Credit Market
  Hanming Fang, Rongzhu Ke, and Li-An Zhou
• w21682 October 2015 What Determines End-of-Life Assets? A Retrospective View
  James Poterba, Steven Venti, and David A. Wise
• w21685 October 2015 Asymmetry of Information within Family Networks
  Joachim De Weerdt, Garance Genicot, and Alice Mesnard
• w21680 October 2015 Fiscal Stimulus in Economic Unions: What Role for States?
  Gerald Carlino and Robert P. Inman
• w21681 October 2015 Maybe Next Month? Temperature Shocks, Climate Change, and Dynamic Adjustments in Birth Rates
  Alan Barreca, Olivier Deschenes, and Melanie Guldi
• w21679 October 2015 Pricing with Limited Knowledge of Demand
  Maxime C. Cohen, Georgia Perakis, and Robert S. Pindyck
• w21678 October 2015 Patent Assertions: Are We Any Closer to Aligning Reward to Contribution?
  Fiona Scott Morton and Carl Shapiro
• w21693 October 2015 Bubble Investing: Learning from History
  William N. Goetzmann
• w21677 October 2015 Comparative Advantage, International Trade, and Fertility
  Quy-Toan Do, Andrei A. Levchenko, and Claudio Raddatz
• w21691 October 2015 Contracting and the Division of the Gains from Trade
  Andrew B. Bernard and Swati Dhingra
• w21676 October 2015 Using Linked Survey and Administrative Data to Better Measure Income: Implications for Poverty, Program Effectiveness and Holes in the Safety Net
  Bruce D. Meyer and Nikolas Mittag
• w21675 October 2015 Do Employers Prefer Migrant Workers? Evidence from a Chinese Job Board
  Peter Kuhn and Kailing Shen
• w21673 October 2015 Windfall Gains and Stock Market Participation
  Joseph S. Briggs, David Cesarini, Erik Lindqvist, and Robert Östling
• w21670 October 2015 Global Imbalances and Policy Wars at the Zero Lower Bound
  Ricardo J. Caballero, Emmanuel Farhi, and Pierre-Olivier Gourinchas
• w21668 October 2015 Income Inequality and Asset Prices under Redistributive Taxation
  Lubos Pastor and Pietro Veronesi
• w21667 October 2015 House Prices and Consumer Spending
  David Berger, Veronica Guerrieri, Guido Lorenzoni, and Joseph Vavra
• w21672 October 2015 Economic Cycles in Ancient China
  Yaguang Zhang, Guo Fan, and John Whalley
• w21671 October 2015 The Welfare Effects of Nudges: A Case Study of Energy Use Social Comparisons
  Hunt Allcott and Judd B. Kessler
• w21664 October 2015 The Pitfalls of External Dependence: Greece, 1829-2015
  Carmen M. Reinhart and Christoph Trebesch
• w21669 October 2015 Is It Harder for Older Workers to Find Jobs? New and Improved Evidence from a Field Experiment
  David Neumark, Ian Burn, and Patrick Button
• w21666 October 2015 How Do Patents Affect Follow-On Innovation? Evidence from the Human Genome
  Bhaven Sampat and Heidi L. Williams
• w21665 October 2015 Do Employer Pension Contributions Reflect Employee Preferences? Evidence from a Retirement Savings Reform in Denmark
  Itzik Fadlon, Jessica A. Laird, and Torben Heien Nielsen
• w21659 October 2015 Employment and Training Programs
  Burt S. Barnow and Jeffrey Smith
• w21660 October 2015 Political Economy of Debt and Growth
  Marco Battaglini and Levon Barseghyan
• w21663 October 2015 Local Instruments, Global Extrapolation: External Validity of the Labor Supply-Fertility Local Average Treatment Effect
  James Bisbee, Rajeev Dehejia, Cristian Pop-Eleches, and Cyrus Samii
• w21662 October 2015 Exchange Market Pressure in OECD and Emerging Economies: Domestic vs. External Factors and Capital Flows in the Old and New Normal
  Joshua Aizenman and Mahir Binici
• w21656 October 2015 Do Students Know Best? Choice, Classroom Time, and Academic Performance
  Theodore J. Joyce, Sean Crockett, David A. Jaeger, Onur Altindag, Stephen D. O'Connell, and Dahlia K. Remler
• w21657 October 2015 Measuring Changes in the Bilateral Technology Gaps between China, India and the U.S. 1979 - 2008
  Keting Shen, Jing Wang, and John Whalley
• w21658 October 2015 Evaluating Public Programs with Close Substitutes: The Case of Head Start
  Patrick Kline and Christopher Walters
• w21654 October 2015 Effects of Payment Reform in More versus Less Competitive Markets
  Neeraj Sood, Abby Alpert, Kayleigh Barnes, Peter Huckfeldt, and Jose Escarce
• w21655 October 2015 The Analysis of Field Choice in College and Graduate School: Determinants and Wage Effects
  Joseph G. Altonji, Peter Arcidiacono, and Arnaud Maurel
• w21653 October 2015 Streaming Reaches Flood Stage: Does Spotify Stimulate or Depress Music Sales?
  Luis Aguiar and Joel Waldfogel
• w21652 October 2015 The Effect of Public Funding on Research Output: the New Zealand Marsden Fund
  Jason Gush, Adam B. Jaffe, Victoria Larsen, and Athene Laws
• w21651 October 2015 Business in the United States: Who Owns it and How Much Tax Do They Pay?
  Michael Cooper, John McClelland, James Pearce, Richard Prisinzano, Joseph Sullivan, Danny Yagan, Owen Zidar, and Eric Zwick
• w21674 October 2015 The Welfare Gains from Macro-Insurance Against Natural Disasters
  Eduardo Borensztein, Eduardo Cavallo, and Olivier Jeanne
• w21661 October 2015 The Coming Wave: Where Do Emerging Market Investors Put Their Money?
  G. Andrew Karolyi, David T. Ng, and Eswar S. Prasad
• w21646 October 2015 The International Price System
  Gita Gopinath
• w21647 October 2015 Pollution and Mortality in the 19th Century
  W. Walker Hanlon
• w21648 October 2015 Private Safety-Net Clinics: Effects of Financial Pressures and Community Characteristics on Closures
  Suhui Li, Avi Dor, Jesse M. Pines, Mark S. Zocchi, and Renee Y. Hsia
• w21649 October 2015 Self-Selection of Emigrants: Theory and Evidence on Stochastic Dominance in Observable and Unobservable Characteristics
  George J. Borjas, Ilpo Kauppinen, and Panu Poutvaara
• w21645 October 2015 Trading Votes for Votes. A Decentralized Matching Algorithm
  Alessandra Casella and Thomas Palfrey
• w21650 October 2015 The Efficiency Consequences of Health Care Privatization: Evidence from Medicare Advantage Exits
  Mark Duggan, Jonathan Gruber, and Boris Vabson
• w21644 October 2015 Wealth, Tastes, and Entrepreneurial Choice
  Erik G. Hurst and Benjamin W. Pugsley
• w21643 October 2015 When Evidence is Not Enough: Findings from a Randomized Evaluation of Evidence-Based Literacy Instruction (EBLI)
  Brian Jacob
• w21642 October 2015 The Anatomy of Physician Payments: Contracting Subject to Complexity
  Jeffrey Clemens, Joshua D. Gottlieb, and Tímea Laura Molnár
• w21640 October 2015 Retaking in High Stakes Exams: Is Less More?
  Kala Krishna, Sergey Lychagin, and Verónica Frisancho Robles
• w21641 October 2015 Partial Identification in Applied Research: Benefits and Challenges
  Kate Ho and Adam M. Rosen
• w21639 October 2015 The Promise and Potential of Linked Employer-Employee Data for Entrepreneurship Research
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  Taryn Dinkelman
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  Carlos A. Vegh and Guillermo Vuletin
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  Severin Borenstein and Lucas W. Davis
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  Marco Ceccagnoli, Matthew J. Higgins, and Hyunsung D. Kang
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  Yan Lau and Harvey S. Rosen
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  David Card, Jochen Kluve, and Andrea Weber
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  Jordi Galí
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  Diva Dhar, Tarun Jain, and Seema Jayachandran
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  Olivier Blanchard, Christopher J. Erceg, and Jesper Lindé
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  Thomas Buchmueller, John C. Ham, and Lara D. Shore-Sheppard
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  Adrian Buss and Bernard Dumas
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  Sharon Barnhardt, Erica Field, and Rohini Pande
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  David Popp
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  David E. Bloom, Michael Kuhn, and Klaus Prettner
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  Jean-Pascal Bassino, Marion Dovis, and John Komlos
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  Sandra E. Black, Paul J. Devereux, Petter Lundborg, and Kaveh Majlesi
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  Jaegeum Lim and Jonathan Meer
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  Rodrigo Adao, Arnaud Costinot, and Dave Donaldson
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  Hitoshi Shigeoka
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  David Card, Ana Rute Cardoso, and Patrick Kline
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  Lesley Chiou and Catherine Tucker
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  Chie Hanaoka, Hitoshi Shigeoka, and Yasutora Watanabe
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  Bruce D. Meyer, Wallace K.C. Mok, and James X. Sullivan
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  Matthew J. Kotchen
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  Damon Jones
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  Jonathan D. Ketcham, Nicolai V. Kuminoff, and Christopher A. Powers
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  Steffen Andersen, John Y. Campbell, Kasper Meisner Nielsen, and Tarun Ramadorai
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  Martin Ravallion
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  Rahul Anand, Eswar Prasad, and Boyang Zhang
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  Robert L. Clark, Emma Hanson, and Olivia S. Mitchell
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  William J. Collins and Marianne H. Wanamaker
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  H. Ron Chan, B. Andrew Chupp, Maureen L. Cropper, and Nicholas Z. Muller
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  Stefanie Stantcheva
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  James E. Anderson, Mario Larch, and Yoto V. Yotov
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  John F. Helliwell and Shun Wang
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  Traviss Cassidy, Mark Dincecco, and Ugo Troiano
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  Sebastian Edwards
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  Jonathan A. Parker
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  Deborah Goldschmidt and Johannes F. Schmieder
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  Roberta Romano and Sarath Sanga
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  Pablo Celhay, Paul Gertler, Paula Giovagnoli, and Christel Vermeersch
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  Stefano DellaVigna and Eliana La Ferrara
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  Casey B. Mulligan
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  Anders Anderson, Forest Baker, and David T. Robinson
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  Amanda Pallais and Emily Glassberg Sands
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  Itzik Fadlon and Torben Heien Nielsen
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  Michael J. Dickstein and Eduardo Morales
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  Carmen M. Reinhart
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  Lauren Schmitz and Dalton Conley
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  Wolfgang Keller, Carol H. Shiue, and Xin Wang
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  Thomas Lemieux and W. Craig Riddell
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  David Powell, Rosalie Liccardo Pacula, and Mireille Jacobson
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  Daron Acemoglu, Ufuk Akcigit, and William Kerr
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  Eugene N. White
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  Severin Borenstein
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  Hilary W. Hoynes and Ankur J. Patel
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  Carmen M. Reinhart and Miguel Angel Santos
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  Juliane Begenau, Monika Piazzesi, and Martin Schneider
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  Edward L. Glaeser and Cass R. Sunstein
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  Pascaline Dupas, Anthony Keats, and Jonathan Robinson
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  Sandra E. Black, Paul J. Devereux, and Kjell G. Salvanes
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  Saroj Bhattarai, Gauti B. Eggertsson, and Bulat Gafarov
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  David Le Bris, William N. Goetzmann, and Sébastien Pouget
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  Justine S. Hastings, Christopher A. Neilson, Anely Ramirez, and Seth D. Zimmerman
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  Robert Novy-Marx
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  Florian Scheuer and Iván Werning
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  Aspen Gorry, Devon Gorry, and Sita Slavov
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  Joseph E. Stiglitz
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  Fernando Alvarez and Gadi Barlevy
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  Pascal Michaillat and Emmanuel Saez
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  Aviv Nevo, John L. Turner, and Jonathan W. Williams
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  Manuel Adelino, Antoinette Schoar, and Felipe Severino
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  Atif Mian, Amir Sufi, and Nasim Khoshkhou
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  Garance Genicot
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  Christopher Blattman, Eric P. Green, Julian C. Jamison, M. Christian Lehmann, and Jeannie Annan
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  Benjamin Hansen, Joseph J. Sabia, and Daniel I. Rees
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  Florentin Butaru, QingQing Chen, Brian Clark, Sanmay Das, Andrew W. Lo, and Akhtar Siddique
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  Liran Einav, Amy Finkelstein, Raymond Kluender, and Paul Schrimpf
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  Kyle Bagwell, Chad P. Bown, and Robert W. Staiger
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  Benjamin Faber, Rosa Sanchis-Guarner, and Felix Weinhardt
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  Renfu Luo, Grant Miller, Scott Rozelle, Sean Sylvia, and Marcos Vera-Hernández
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  Casey Warman and Christopher Worswick
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  Daqing Yao and John Whalley
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  Stephen P. Holland, Erin T. Mansur, Nicholas Z. Muller, and Andrew J. Yates
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  Naci H. Mocan and Luiza Pogorelova
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  Eric A. Hanushek, Jens Ruhose, and Ludger Woessmann
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  Jeffrey R. Brown and Richard F. Dye
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  Jess Benhabib, Xuewen Liu, and Pengfei Wang
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  Craig Garthwaite, Tal Gross, and Matthew J. Notowidigdo
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  V. Kerry Smith, Sharon L. Harlan, Michael McLaen, Jacob Fishman, Carlos Valcarcel, and Marcia Nation
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  Barbara M. Fraumeni
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  Barbara M. Fraumeni, Michael S. Christian, and Jon D. Samuels
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  Matthew Backus, Tom Blake, and Steven Tadelis
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  Robert P. Bartlett, III and Justin McCrary
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  James H. Stock and Mark W. Watson
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  Michael D. Bordo and Christopher M. Meissner
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  Jaume Ventura and Hans-Joachim Voth
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  Anne Case and Angus Deaton
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  Ramana Nanda and Matthew Rhodes-Kropf
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  Elizabeth Frankenberg, Jessica Y. Ho, and Duncan Thomas
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  Robert Z. Lawrence
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  Jeffrey R. Brown and George G. Pennacchi
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  Sebastian Galiani and Gustavo Torrens
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  Jason M. Lindo and Analisa Packham
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  Marina Azzimonti
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  Seth G. Benzell, Eugene Goryunov, Maria Kazakova, Laurence J. Kotlikoff, Guillermo LaGarda, Kristina Nesterova, and Andrey Zubarev
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  Andrew W. Lo
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  Georgy Egorov
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  Raymond Fisman and Yongxiang Wang
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  Harvey S. Rosen and Alexander J. W. Sappington
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  Damon Jones and Aprajit Mahajan
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  Mariacristina De Nardi, Eric French, John Bailey Jones, and Jeremy McCauley
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  Mariacristina De Nardi, Eric French, and John B. Jones
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  Robert C. Merton and Richard T. Thakor
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  Robert A. Moffitt, Brian J. Phelan, and Anne E. Winkler
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  Marcella Alsan and Claudia Goldin
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  James Banks, Richard Blundell, Zoé Oldfield, and James P. Smith
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  Ricardo Perez-Truglia and Ugo Troiano
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  Jacob T. Levy
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  Stephanie Schmitt-Grohé and Martín Uribe
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  Regis Barnichon and Andrew Figura
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  Dominick Bartelme and Yuriy Gorodnichenko
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  Enrico Spolaore and Romain Wacziarg
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  Philippe Aghion, Ufuk Akcigit, Antonin Bergeaud, Richard Blundell, and David Hémous
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  Paul Beaudry, Dana Galizia, and Franck Portier
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  Enrico Spolaore
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  Ross Levine, Chen Lin, and Beibei Shen
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  Heidi L. Williams
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  Chun Chang, Kaiji Chen, Daniel F. Waggoner, and Tao Zha
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  Geetesh Bhardwaj, Gary Gorton, and Geert Rouwenhorst
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  Frank R. Lichtenberg
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  Prashant Bharadwaj, Mallesh M. Pai, and Agne Suziedelyte
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  Sebastian Galiani, Ivan Torre, and Gustavo Torrens
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