Papers Issued in 2018

• w25408 December 2018 Dynamic Treatment Effects of Job Training
  Jorge Rodríguez, Fernando Saltiel, and Sergio S. Urzúa
• w25415 December 2018 The Race Between Demand and Supply: Tinbergen's Pioneering Studies of Earnings Inequality
  James J. Heckman
• w25407 December 2018 Blockchain Economics
  Joseph Abadi and Markus Brunnermeier
• w25413 December 2018 The Discount Rate for Public Policy over the Distant Future
  Qingran Li and William A. Pizer
• w25404 December 2018 Managing Expectations: Instruments vs. Targets
  George-Marios Angeletos and Karthik A. Sastry
• w25405 December 2018 Systemic Risk and the Great Depression
  Sanjiv R. Das, Kris James Mitchener, and Angela Vossmeyer
• w25403 December 2018 Debt Relief and Slow Recovery: A Decade after Lehman
  Tomasz Piskorski and Amit Seru
• w25406 December 2018 The Reversal Interest Rate
  Markus K. Brunnermeier and Yann Koby
• w25414 December 2018 The Creation and Evolution of Entrepreneurial Public Markets
  Shai Bernstein, Abhishek Dev, and Josh Lerner
• w25410 December 2018 The Rise of the Dollar and Fall of the Euro as International Currencies
  Matteo Maggiori, Brent Neiman, and Jesse Schreger
• w25409 December 2018 The Imbalances of the Bretton Woods System 1965 to 1973: U.S. Inflation, The Elephant in the Room
  Michael D. Bordo
• w25411 December 2018 Social Security and Retirement Timing: Evidence from a National Sample of Teachers
  Melinda S. Morrill and John Westall
• w25412 December 2018 Inflation Expectations and Firm Decisions: New Causal Evidence
  Olivier Coibion, Yuriy Gorodnichenko, and Tiziano Ropele
• w25402 December 2018 Macroeconomic Consequences of Tariffs
  Davide Furceri, Swarnali A. Hannan, Jonathan D. Ostry, and Andrew K. Rose
• w25400 December 2018 Long-run Impacts of Agricultural Shocks on Educational Attainment: Evidence from the Boll Weevil
  Richard B. Baker, John Blanchette, and Katherine Eriksson
• w25399 December 2018 Diagnostic Bubbles
  Pedro Bordalo, Nicola Gennaioli, Spencer Yongwook Kwon, and Andrei Shleifer
• w25397 December 2018 Liquidity and Exchange Rates: An Empirical Investigation
  Charles Engel and Steve Pak Yeung Wu
• w25398 December 2018 Empirical Asset Pricing via Machine Learning
  Shihao Gu, Bryan Kelly, and Dacheng Xiu
• w25395 December 2018 Inequality and Market Concentration, When Shareholding is More Skewed than Consumption
  Joshua Gans, Andrew Leigh, Martin Schmalz, and Adam Triggs
• w25396 December 2018 Education for All? A Nationwide Audit Study of School Choice
  Peter Bergman and Isaac McFarlin Jr.
• w25394 December 2018 Social Security Reforms and the Changing Retirement Behavior in Sweden
  Mårten Palme and Lisa Laun
• w25401 December 2018 Learning by Viewing? Social Learning, Regulatory Disclosure, and Firm Productivity in Shale Gas
  T. Robert Fetter, Andrew L. Steck, Christopher Timmins, and Douglas Wrenn
• w25393 December 2018 How Prevalent Is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips
  Michael W. Elsby and Gary Solon
• w25392 December 2018 Capital Destruction and Economic Growth: The Effects of Sherman's March, 1850-1920
  James J. Feigenbaum, James Lee, and Filippo Mezzanotti
• w25390 December 2018 Technological Spillover Effects of State Renewable Energy Policy: Evidence from Patent Counts
  Wancong Fu, Chong Li, Jan Ondrich, and David Popp
• w25391 December 2018 Are Energy Executives Rewarded For Luck?
  Lucas W. Davis and Catherine Hausman
• w25389 December 2018 Social Proximity and Bureaucrat Performance: Evidence from India
  Guo Xu, Marianne Bertrand, and Robin Burgess
• w25388 December 2018 Certain Effects of Uncertain Taxes
  James R. Hines Jr. and Michael Keen
• w25387 December 2018 Female Earnings Inequality: The Changing Role of Family Characteristics on the Extensive and Intensive Margins
  David Card and Dean R. Hyslop
• w25386 December 2018 The Origins and Effects of Macroeconomic Uncertainty
  Francesco Bianchi, Howard Kung, and Mikhail Tirskikh
• w25385 December 2018 Deposit Spreads and the Welfare Cost of Inflation
  Pablo Kurlat
• w25383 December 2018 A Survey of Empirical Evidence on Patents and Innovation
  Bhaven N. Sampat
• w25384 December 2018 The Effect of Grade Retention on Adult Crime: Evidence from a Test-Based Promotion Policy
  Ozkan Eren, Michael F. Lovenheim, and Naci H. Mocan
• w25382 December 2018 From Population Growth to Firm Demographics: Implications for Concentration, Entrepreneurship and the Labor Share
  Hugo Hopenhayn, Julian Neira, and Rish Singhania
• w25381 December 2018 Characteristics of Mutual Fund Portfolios: Where Are the Value Funds?
  Martin Lettau, Sydney C. Ludvigson, and Paulo Manoel
• w25378 December 2018 Gender in the Labor Market: The Role of Equal Opportunity and Family-Friendly Policies
  Elizabeth L. Doran, Ann P. Bartel, and Jane Waldfogel
• w25379 December 2018 The Economics and Politics of Revoking NAFTA
  Raphael Auer, Barthélémy Bonadio, and Andrei A. Levchenko
• w25380 December 2018 Exchange Rates and Uncovered Interest Differentials: The Role of Permanent Monetary Shocks
  Stephanie Schmitt-Grohé and Martín Uribe
• w25375 December 2018 Social Security Incentives in Belgium: An Analysis of Four Decades of Change
  Anne-Lore Fraikin, Alain Jousten, and Mathieu Lefebvre
• w25376 December 2018 Organizational Equilibrium with Capital
  Marco Bassetto, Zhen Huo, and José-Víctor Ríos-Rull
• w25374 December 2018 Reinsurance, Repayments, and Risk Adjustment in Individual Health Insurance: Germany, The Netherlands and the U.S. Marketplaces
  Thomas G. McGuire, Sonja Schillo, and Richard C. van Kleef
• w25373 December 2018 A Global Safe Asset for and from Emerging Market Economies
  Markus K. Brunnermeier and Lunyang Huang
• w25372 December 2018 Venting Out: Exports During a Domestic Slump
  Miguel Almunia, Pol Antràs, David Lopez-Rodriguez, and Eduardo Morales
• w25377 December 2018 Multigenerational Effects of Early Life Health Shocks
  C. Justin Cook, Jason M. Fletcher, and Angela Forgues
• w25365 December 2018 Gender-Targeted Job Ads in the Recruitment Process: Evidence from China
  Peter Kuhn, Kailing Shen, and Shuo Zhang
• w25371 December 2018 Rational Self-Medication
  Michael E. Darden and Nicholas W. Papageorge
• w25362 December 2018 The (lack of) Distortionary Effects of Proxy-Means Tests: Results from a Nationwide Experiment in Indonesia
  Abhijit Banerjee, Rema Hanna, Benjamin A. Olken, and Sudarno Sumarto
• w25364 December 2018 Economic History and Contemporary Challenges to Globalization
  Kevin Hjortshøj O'Rourke
• w25367 December 2018 Trends in Employment and Social Security Incentives in the Spanish Pension System: 1980-2016
  Pilar García-Gómez, Silvia Garcia-Mandicó, Sergi Jimenez-Martin, and Judit Vall Castelló
• w25363 December 2018 Equilibrium Analysis in the Behavioral Neoclassical Growth Model
  Daron Acemoglu and Martin Kaae Jensen
• w25366 December 2018 Monetary Policy, Corporate Finance and Investment
  James Cloyne, Clodomiro Ferreira, Maren Froemel, and Paolo Surico
• w25361 December 2018 Conditional Dynamics and the Multi-Horizon Risk-Return Trade-Off
  Mikhail Chernov, Lars A. Lochstoer, and Stig R. H. Lundeby
• w25360 December 2018 Entrepreneurial Spillovers from Corporate R&D
  Tania Babina and Sabrina T. Howell
• w25359 December 2018 Subsidizing Low- and Middle-Income Adoption of Electric Vehicles: Quasi-Experimental Evidence from California
  Erich Muehlegger and David S. Rapson
• w25358 December 2018 Intertemporal Choice
  Keith Marzilli Ericson and David Laibson
• w25357 December 2018 Discrimination at the Intersection of Age, Race, and Gender: Evidence from a Lab-in-the-field Experiment
  Joanna N. Lahey and Douglas R. Oxley
• w25355 December 2018 Racial Bias and In-group Bias in Judicial Decisions: Evidence from Virtual Reality Courtrooms
  Samantha Bielen, Wim Marneffe, and Naci H. Mocan
• w25368 December 2018 Does School Spending Matter? The New Literature on an Old Question
  C. Kirabo Jackson
• w25370 December 2018 Cash and the Economy: Evidence from India's Demonetization
  Gabriel Chodorow-Reich, Gita Gopinath, Prachi Mishra, and Abhinav Narayanan
• w25369 December 2018 Do State Laws Protecting Older Workers from Discrimination Reduce Age Discrimination in Hiring? Evidence from a Field Experiment
  David Neumark, Ian Burn, Patrick Button, and Nanneh Chehras
• w25356 December 2018 Using RCTs to Estimate Long-Run Impacts in Development Economics
  Adrien Bouguen, Yue Huang, Michael Kremer, and Edward Miguel
• w25353 December 2018 Media Sentiment and International Asset Prices
  Samuel P. Fraiberger, Do Lee, Damien Puy, and Romain Rancière
• w25352 December 2018 Why are Firms with More Managerial Ownership Worth Less?
  Kornelia Fabisik, Rüdiger Fahlenbrach, René M. Stulz, and Jérôme P. Taillard
• w25346 December 2018 Overconfidence, Information Diffusion, and Mispricing Persistence
  Kent Daniel, Alexander Klos, and Simon Rottke
• w25351 December 2018 High Tech and Venture Capital Inflows: The case of Israel
  Assaf Razin
• w25350 December 2018 Selection into Entrepreneurship and Self-Employment
  Ross Levine and Yona Rubinstein
• w25343 December 2018 Annuity Pricing in Public Pension Plans: Importance of Interest Rates
  Nino Abashidze, Robert L. Clark, Beth Ritter, and David Vanderweide
• w25347 December 2018 Quantifying the Benefits of Labor Mobility in a Currency Union
  Christopher L. House, Christian Proebsting, and Linda L. Tesar
• w25339 December 2018 Decompositions and Policy Consequences of an Extraordinary Decline in Air Pollution from Electricity Generation
  Stephen P. Holland, Erin T. Mansur, Nicholas Muller, and Andrew J. Yates
• w25342 December 2018 What is a Good School, and Can Parents Tell? Evidence on the Multidimensionality of School Output
  Diether Beuermann, C. Kirabo Jackson, Laia Navarro-Sola, and Francisco Pardo
• w25337 December 2018 The Benchmark Inclusion Subsidy
  Anil K. Kashyap, Natalia Kovrijnykh, Jian Li, and Anna Pavlova
• w25338 December 2018 The Effect of Economic Conditions on the Disability Insurance Program: Evidence from the Great Recession
  Nicole Maestas, Kathleen J. Mullen, and Alexander Strand
• w25341 December 2018 The Price of Biodiesel RINs and Economic Fundamentals
  Scott H. Irwin, Kristen McCormack, and James H. Stock
• w25340 December 2018 Monetary Independence and Rollover Crises
  Javier Bianchi and Jorge Mondragon
• w25335 December 2018 Who’s Minding the Kids? Experimental Evidence on the Demand for Child Care Quality
  James Gordon, Chris M. Herbst, and Erdal Tekin
• w25334 December 2018 Brexit Uncertainty and Trade Disintegration
  Alejandro Graziano, Kyle Handley, and Nuno Limão
• w25333 December 2018 Revealing Stereotypes: Evidence from Immigrants in Schools
  Alberto Alesina, Michela Carlana, Eliana La Ferrara, and Paolo Pinotti
• w25332 December 2018 Does Remedial Education at Late Childhood Pay Off After All? Long-Run Consequences for University Schooling, Labor Market Outcomes and Inter-Generational Mobility
  Victor Lavy, Assaf Kott, and Genia Rachkovski
• w25336 December 2018 Expectations Uncertainty and Household Economic Behavior
  Itzhak Ben-David, Elyas Fermand, Camelia M. Kuhnen, and Geng Li
• w25329 December 2018 Hall of Mirrors: Corporate Philanthropy and Strategic Advocacy
  Marianne Bertrand, Matilde Bombardini, Raymond Fisman, Bradley Hackinen, and Francesco Trebbi
• w25323 December 2018 Investment Returns and Distribution Policies of Non-Profit Endowment Funds
  Sandeep Dahiya and David Yermack
• w25324 December 2018 Intergenerational Mobility in Education: Variation in Geography and Time
  Jason Fletcher and Joel Han
• w25331 December 2018 Reshaping Adolescents' Gender Attitudes: Evidence from a School-Based Experiment in India
  Diva Dhar, Tarun Jain, and Seema Jayachandran
• w25330 December 2018 Two Hundred Years of Health and Medical Care: The Importance of Medical Care for Life Expectancy Gains
  Maryaline Catillon, David Cutler, and Thomas Getzen
• w25326 December 2018 Equity Concerns are Narrowly Framed
  Christine L. Exley and Judd B. Kessler
• w25327 December 2018 The Effects of Medicare Advantage on Opioid Use
  Laurence C. Baker, Kate Bundorf, and Daniel Kessler
• w25325 December 2018 Firm Leverage and Regional Business Cycles
  Xavier Giroud and Holger M. Mueller
• w25344 December 2018 Monetary Policy and Reaching for Income
  Kent Daniel, Lorenzo Garlappi, and Kairong Xiao
• w25345 December 2018 Regional and Racial Inequality in Infectious Disease Mortality in U.S. Cities, 1900-1948
  James J. Feigenbaum, Christopher Muller, and Elizabeth Wrigley-Field
• w25354 December 2018 Can Mobile-Linked Bank Accounts Bolster Savings? Evidence from a Randomized Controlled Trial in Sri Lanka
  Suresh De Mel, Craig McIntosh, Ketki Sheth, and Christopher Woodruff
• w25348 December 2018 Identity Politics and Trade Policy
  Gene M. Grossman and Elhanan Helpman
• w25349 December 2018 Closing the Gap: The Effect of a Targeted, Tuition-Free Promise on College Choices of High-Achieving, Low-Income Students
  Susan Dynarski, C.J. Libassi, Katherine Michelmore, and Stephanie Owen
• w25328 December 2018 The Long-run Impact of New Medical Ideas on Cancer Survival and Mortality
  Frank R. Lichtenberg
• w25322 December 2018 The Heterogeneous Effect of Affirmative Action on Performance
  Anat Bracha, Alma Cohen, and Lynn Conell-Price
• w25320 November 2018 Shackling the Identification Police?
  Christopher J. Ruhm
• w25318 November 2018 The Causal Link between Relative Age Effect and Entrepreneurship: Evidence from 17 Million Users across 49 Years on Taobao
  Youwei Wang, Yuxin Chen, and Yi Qian
• w25314 November 2018 Why is Math Cheaper than English? Understanding Cost Differences in Higher Education
  Steven W. Hemelt, Kevin M. Stange, Fernando Furquim, Andrew Simon, and John E. Sawyer
• w25316 November 2018 Information Costs and Sequential Information Sampling
  Benjamin Hébert and Michael Woodford
• w25312 November 2018 Do Children Benefit from Internet Access? Experimental Evidence from Peru
  Ofer Malamud, Santiago Cueto, Julian Cristia, and Diether W. Beuermann
• w25321 November 2018 Transitional Dynamics in Aggregate Models of Innovative Investment
  Andrew Atkeson, Ariel Burstein, and Manolis Chatzikonstantinou
• w25311 November 2018 Women,Wealth Effects, and Slow Recoveries
  Masao Fukui, Emi Nakamura, and Jón Steinsson
• w25310 November 2018 Investor Rewards to Climate Responsibility: Evidence from the 2016 Climate Policy Shock
  Stefano Ramelli, Alexander F. Wagner, Richard J. Zeckhauser, and Alexandre Ziegler
• w25301 November 2018 The Effect of the Economic Collapse in Iceland on the Probability of Cardiovascular Events
  Kristín H. Birgisdóttir, Arna Hauksdóttir, Christopher J. Ruhm, Unnur Anna Valdimarsdóttir, and Tinna Laufey Ásgeirsdóttir
• w25317 November 2018 Low Inflation: High Default Risk AND High Equity Valuations
  Harjoat S. Bhamra, Christian Dorion, Alexandre Jeanneret, and Michael Weber
• w25319 November 2018 Money Markets, Collateral and Monetary Policy
  Fiorella De Fiore, Marie Hoerova, and Harald Uhlig
• w25315 November 2018 Elite Schools and Opting In: Effects of College Selectivity on Career and Family Outcomes
  Suqin Ge, Elliott Isaac, and Amalia Miller
• w25300 November 2018 In the Shadows of the Government: Relationship Building During Political Turnovers
  Hanming Fang, Zhe Li, Nianhang Xu, and Hongjun Yan
• w25304 November 2018 The Returns to Parental Health: Evidence from Indonesia
  Dara Lee Luca and David E. Bloom
• w25302 November 2018 The Abolition of Immigration Restrictions and the Performance of Firms and Workers: Evidence from Switzerland
  Andreas Beerli, Jan Ruffner, Michael Siegenthaler, and Giovanni Peri
• w25303 November 2018 The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy
  Ernesto Pastén, Raphael Schoenle, and Michael Weber
• w25307 November 2018 Treatment Effects with Multiple Outcomes
  John Mullahy
• w25308 November 2018 Taking Time Use Seriously: Income, Wages And Price Discrimination
  Daniel S. Hamermesh and Jeff Biddle
• w25306 November 2018 Free for Children? Patient Cost-sharing and Healthcare Utilization
  Toshiaki Iizuka and Hitoshi Shigeoka
• w25305 November 2018 Testing, Stress, and Performance: How Students Respond Physiologically to High-Stakes Testing
  Jennifer A. Heissel, Emma K. Adam, Jennifer L. Doleac, David N. Figlio, and Jonathan Meer
• w25309 November 2018 Policy Evolution under the Clean Air Act
  Richard Schmalensee and Robert N. Stavins
• w25313 November 2018 Unions and Wage Inequality: The Roles of Gender, Skill and Public Sector Employment
  David Card, Thomas Lemieux, and W. Craig Riddell
• w25298 November 2018 Improving Last-Mile Service Delivery using Phone-Based Monitoring
  Karthik Muralidharan, Paul Niehaus, Sandip Sukhtankar, and Jeffrey Weaver
• w25294 November 2018 Job Seekers' Perceptions and Employment Prospects: Heterogeneity, Duration Dependence and Bias
  Andreas I. Mueller, Johannes Spinnewijn, and Giorgio Topa
• w25295 November 2018 Techies, Trade, and Skill-Biased Productivity
  James Harrigan, Ariell Reshef, and Farid Toubal
• w25293 November 2018 The Microeconomic Foundations of Aggregate Production Functions
  David Baqaee and Emmanuel Farhi
• w25291 November 2018 WIC Participation and Relative Quality of Household Food Purchases: Evidence from FoodAPS
  Di Fang, Michael R. Thomsen, Rodolfo M. Nayga, Jr., and Aaron M. Novotny
• w25290 November 2018 High-Capacity Donors’ Preferences for Charitable Giving
  Mackenzie Alston, Catherine Eckel, Jonathan Meer, and Wei Zhan
• w25292 November 2018 Partisan Professionals: Evidence from Credit Rating Analysts
  Elisabeth Kempf and Margarita Tsoutsoura
• w25287 November 2018 The Economic Assimilation of Irish Famine Migrants to the United States
  William J. Collins and Ariell Zimran
• w25286 November 2018 Organizing Global Supply Chains: Input Cost Shares and Vertical Integration
  Giuseppe Berlingieri, Frank Pisch, and Claudia Steinwender
• w25289 November 2018 Geographical Roots of the Coevolution of Cultural and Linguistic Traits
  Oded Galor, Ömer Özak, and Assaf Sarid
• w25288 November 2018 Some Evidence on Secular Drivers of U.S. Safe Real Rates
  Kurt G. Lunsford and Kenneth D. West
• w25285 November 2018 Drivers of the Great Housing Boom-Bust: Credit Conditions, Beliefs, or Both?
  Josue Cox and Sydney C. Ludvigson
• w25284 November 2018 The Contribution of Patients and Providers to the Overuse of Prescription Drugs
  Carolina Lopez, Anja Sautmann, and Simone Schaner
• w25283 November 2018 Tax Reform Made Me Do It!
  Michelle Hanlon, Jeffrey L. Hoopes, and Joel Slemrod
• w25299 November 2018 Pension Reform and Return to Work Policies
  Maria D. Fitzpatrick
• w25282 November 2018 Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia
  Emmanuel Farhi and François Gourio
• w25296 November 2018 The Mandarin Model of Growth
  Wei Xiong
• w25297 November 2018 China's Real Estate Market
  Chang Liu and Wei Xiong
• w25281 November 2018 The Evolution of Retirement Incentives in the U.S.
  Courtney Coile
• w25277 November 2018 Foreseen Risks
  João F. Gomes, Marco Grotteria, and Jessica Wachter
• w25278 November 2018 Historical Legacies and African Development
  Stelios Michalopoulos and Elias Papaioannou
• w25272 November 2018 Learning by Suffering? Patterns in Flu Shot Take-up
  Ginger Zhe Jin and Thomas G. Koch
• w25273 November 2018 Climatic Roots of Loss Aversion
  Oded Galor and Viacheslav Savitskiy
• w25280 November 2018 Social Security Programs and Retirement Around the World: Reforms and Retirement Incentives – Introduction and Summary
  Axel H. Börsch-Supan and Courtney Coile
• w25279 November 2018 Incentivized Peer Referrals for Tuberculosis Screening: Evidence from India
  Jessica Goldberg, Mario Macis, and Pradeep Chintagunta
• w25271 November 2018 Green Technology Diffusion: A Post-Mortem Analysis of the Eco-Patent Commons
  Jorge L. Contreras, Bronwyn H. Hall, and Christian Helmers
• w25258 November 2018 Designed to Fail: Effects of the Default Option and Information Complexity on Student Loan Repayment
  James C. Cox, Daniel Kreisman, and Susan Dynarski
• w25267 November 2018 Border Walls
  Treb Allen, Cauê de Castro Dobbin, and Melanie Morten
• w25270 November 2018 Non-Randomly Sampled Networks: Biases and Corrections
  Chih-Sheng Hsieh, Stanley I. M. Ko, Jaromír Kovářík, and Trevon Logan
• w25269 November 2018 Heterogeneity in Expectations, Risk Tolerance, and Household Stock Shares: The Attenuation Puzzle
  John Ameriks, Gábor Kézdi, Minjoon Lee, and Matthew D. Shapiro
• w25268 November 2018 Benchmark Regulation of Multiproduct Firms: An Application to the Rail Industry
  Wesley W. Wilson and Frank A. Wolak
• w25266 November 2018 Measuring Technological Innovation over the Long Run
  Bryan Kelly, Dimitris Papanikolaou, Amit Seru, and Matt Taddy
• w25265 November 2018 Long-term and Intergenerational Effects of Education: Evidence from School Construction in Indonesia
  Richard Akresh, Daniel Halim, and Marieke Kleemans
• w25264 November 2018 Health and the Wage: Cause, Effect, Both, or Neither? New Evidence on an Old Question
  Daniel Dench and Michael Grossman
• w25257 November 2018 When Fair Isn't Fair: Understanding Choice Reversals Involving Social Preferences
  James Andreoni, Deniz Aydin, Blake Barton, B. Douglas Bernheim, and Jeffrey Naecker
• w25256 November 2018 An Analysis of Puerto Rico's Debt Relief Needs to Restore Debt Sustainability
  Pablo A. Gluzmann, Martin M. Guzman, and Joseph E. Stiglitz
• w25259 November 2018 Measuring the Impact of Household Innovation using Administrative Data
  Javier Miranda and Nikolas Zolas
• w25275 November 2018 The Micro-Level Anatomy of the Labor Share Decline
  Matthias Kehrig and Nicolas Vincent
• w25274 November 2018 Rationalizing Rational Expectations? Tests and Deviations
  Xavier D'Haultfoeuille, Christophe Gaillac, and Arnaud Maurel
• w25260 November 2018 The Paper Money of Colonial North Carolina, 1712–74: Reconstructing the Evidence
  Cory Cutsail and Farley Grubb
• w25261 November 2018 A Lifetime of Changes: State Pensions and Work Incentives at Older Ages in the UK, 1948-2018
  James Banks and Carl Emmerson
• w25263 November 2018 Do Male Workers Prefer Male Leaders? An Analysis of Principals' Effects on Teacher Retention
  Aliza N. Husain, David A. Matsa, and Amalia R. Miller
• w25262 November 2018 How Much of Barrier to Entry is Occupational Licensing?
  Peter Q. Blair and Bobby W. Chung
• w25276 November 2018 Volatility Risk Pass-through
  Riccardo Colacito, Mariano Max Croce, Yang Liu, and Ivan Shaliastovich
• w25251 November 2018 Using Empirical Marginal Cost to Measure Market Power in the US Economy
  Robert E. Hall
• w25252 November 2018 Reputation Cycles and Earnings Dynamics
  Boyan Jovanovic and Julien Prat
• w25255 November 2018 Teacher Expectations Matter
  Nicholas W. Papageorge, Seth Gershenson, and Kyung Min Kang
• w25250 November 2018 Social Security Programs and Employment at Older Ages in the Netherlands
  Klaas de Vos, Arie Kapteyn, and Adriaan Kalwij
• w25253 November 2018 Market Access, Trade Costs, and Technology Adoption: Evidence from Northern Tanzania
  Shilpa Aggarwal, Brian Giera, Dahyeon Jeong, Jonathan Robinson, and Alan Spearot
• w25254 November 2018 The Long-Run Impacts of Same-Race Teachers
  Seth Gershenson, Cassandra M. D. Hart, Joshua Hyman, Constance Lindsay, and Nicholas W. Papageorge
• w25249 November 2018 Accounting for Firm Heterogeneity within U.S. Industries: Extended Supply-Use Tables and Trade in Value Added using Enterprise and Establishment Level Data
  James J. Fetzer, Tina Highfill, Kassu W. Hossiso, Thomas F. Howells, III, Erich H. Strassner, and Jeffrey A. Young
• w25244 November 2018 The Impact of Medicaid Expansion on Voter Participation: Evidence from the Oregon Health Insurance Experiment
  Katherine Baicker and Amy Finkelstein
• w25242 November 2018 Factor Incomes in Global Value Chains: The Role of Intangibles
  Wen Chen, Bart Los, and Marcel P. Timmer
• w25243 November 2018 Social Security Programs and the Elderly Employment in Japan
  Takashi Oshio, Akiko S. Oishi, and Satoshi Shimizutani
• w25240 November 2018 Minimum Wages and the Distribution of Family Incomes
  Arindrajit Dube
• w25241 November 2018 Heterogeneous Environmental and Grid Benefits from Rooftop Solar and the Costs of Inefficient Siting Decisions
  Steven E. Sexton, A. Justin Kirkpatrick, Robert Harris, and Nicholas Z. Muller
• w25239 November 2018 A Monetary Model of Bilateral Over-the-Counter Markets
  Ricardo Lagos and Shengxing Zhang
• w25238 November 2018 Saving Regret
  Axel H. Börsch-Supan, Tabea Bucher-Koenen, Michael D. Hurd, and Susann Rohwedder
• w25236 November 2018 Long Time Out: Unemployment and Joblessness in Canada and the United States
  Kory Kroft, Fabian Lange, Matthew J. Notowidigdo, and Matthew Tudball
• w25237 November 2018 Political Discretion and Antitrust Policy: Evidence from the Assassination of President McKinley
  Richard B. Baker, Carola Frydman, and Eric Hilt
• w25235 November 2018 Bankable Prices
  Garth Heutel
• w25234 November 2018 Semiparametrically Efficient Estimation of the Average Linear Regression Function
  Bryan S. Graham and Cristine Campos de Xavier Pinto
• w25233 November 2018 Attributing Medical Spending to Conditions: A Comparison of Methods
  David Cutler, Kaushik Ghosh, Irina Bondarenko, Kassandra Messer, Trivellore Raghunathan, Susan Stewart, and Allison B. Rosen
• w25247 November 2018 Globalization, Gender, and the Family
  Wolfgang Keller and Hâle Utar
• w25245 November 2018 Who Profits from Patents? Rent-Sharing at Innovative Firms
  Patrick Kline, Neviana Petkova, Heidi Williams, and Owen Zidar
• w25248 November 2018 The Short-Run Effects of GDPR on Technology Venture Investment
  Jian Jia, Ginger Zhe Jin, and Liad Wagman
• w25246 November 2018 Collateral Damage: The Impact of Foreclosures on New Home Mortgage Lending in the 1930s
  Price Fishback, Sebastián Fleitas, Jonathan Rose, and Kenneth Snowden
• w25220 November 2018 An Heterogeneous-Agent New-Monetarist Model with an Application to Unemployment
  Guillaume Rocheteau, Pierre-Olivier Weill, and Tsz-Nga Wong
• w25221 November 2018 The Crucial Role of International Trade in Adaptation to Climate Change
  Christophe Gouel and David Laborde
• w25225 November 2018 Behavioral Feedback: Do Individual Choices Influence Scientific Results?
  Emily Oster
• w25224 November 2018 Rational Inattention, Competitive Supply, and Psychometrics
  Andrew Caplin, Dániel Csaba, John Leahy, and Oded Nov
• w25218 November 2018 Mobility and Congestion in Urban India
  Prottoy A. Akbar, Victor Couture, Gilles Duranton, and Adam Storeygard
• w25219 November 2018 Will Brexit Age Well? Cohorts, Seasoning and the Age-Leave Gradient, Past, Present and Future
  Barry Eichengreen, Rebecca Mari, and Gregory Thwaites
• w25212 November 2018 Do Household Finances Constrain Unconventional Fiscal Policy?
  Scott R. Baker, Lorenz Kueng, Leslie McGranahan, and Brian T. Melzer
• w25213 November 2018 The Big Con – Reassessing the "Great" Recession and its "Fix"
  Laurence J. Kotlikoff
• w25214 November 2018 Consumer Misinformation and the Brand Premium: A Private Label Blind Taste Test
  Bart Bronnenberg, Jean-Pierre H. Dubé, and Robert E. Sanders
• w25215 November 2018 Microeconometric Models of Consumer Demand
  Jean-Pierre H. Dubé
• w25232 November 2018 Arbitrage Or Narrow Bracketing? On Using Money to Measure Intertemporal Preferences
  James Andreoni, Christina Gravert, Michael A. Kuhn, Silvia Saccardo, and Yang Yang
• w25217 November 2018 On the Informativeness of Descriptive Statistics for Structural Estimates
  Isaiah Andrews, Matthew Gentzkow, and Jesse M. Shapiro
• w25216 November 2018 Floating Rate Money? The Stability Premium in Treasury Floating Rate Notes
  Matthias Fleckenstein and Francis A. Longstaff
• w25209 November 2018 Child Access Prevention Laws and Juvenile Firearm-Related Homicides
  D. Mark Anderson, Joseph J. Sabia, and Erdal Tekin
• w25210 November 2018 Identifying Price Informativeness
  Eduardo Dávila and Cecilia Parlatore
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  Nelson Lind and Natalia Ramondo
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  Thibault Fally
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  Derek Lemoine
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  Will Dobbie, Andres Liberman, Daniel Paravisini, and Vikram Pathania
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  James Bushnell and Kevin Novan
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  Edward L. Glaeser, Hyunjin Kim, and Michael Luca
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  Hengjie Ai and Anmol Bhandari
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  Lawrence Christiano and Yuta Takahashi
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  Matthew J. Higgins, Xin Yan, and Chirantan Chatterjee
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  Richard Murphy and Felix Weinhardt
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  Jeffrey E. Harris, Mariana Gerstenblüth, and Patricia Triunfo
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  Jill Horwitz, Corey S. Davis, Lynn S. McClelland, Rebecca S. Fordon, and Ellen Meara
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  Adrienne M. Lucas and Nicholas L. Wilson
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  Pascal Michaillat and Emmanuel Saez
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  Yiming Cao, Raymond Fisman, Hui Lin, and Yongxiang Wang
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  Mel Win Khaw, Ziang Li, and Michael Woodford
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  Pierre Yared
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  Luigi Bocola, Gideon Bornstein, and Alessandro Dovis
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  Thibault Fally and James Sayre
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  Roberto Perotti
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  Ş. Pelin Akyol, Kala Krishna, and Jinwen Wang
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  Daniel O. Gilligan, Naureen Karachiwalla, Ibrahim Kasirye, Adrienne M. Lucas, and Derek Neal
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  Nicolas S. Lambert, Giorgio Martini, and Michael Ostrovsky
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  Osea Giuntella, Matthias Rieger, and Lorenzo Rotunno
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  Justin Caron and Thibault Fally
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  Assaf Razin and Efraim Sadka
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  Jennifer Bruner, Dylan G. Rassier, and Kim J. Ruhl
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  Charles F. Manski
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  Ariell Zimran
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  Rodrigo Adão, Michal Kolesár, and Eduardo Morales
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  Joshua Goodman, Oded Gurantz, and Jonathan Smith
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  Diether W. Beuermann and C. Kirabo Jackson
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  Xiang Hui, Maryam Saeedi, Giancarlo Spagnolo, and Steven Tadelis
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  Erik Brynjolfsson, Xiang Hui, and Meng Liu
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  Kevin Milligan and Tammy Schirle
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  Stephen G. Dimmock, Roy Kouwenberg, Olivia S. Mitchell, and Kim Peijnenburg
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  Josh Lerner, Antoinette Schoar, Jason Mao, and Nan R. Zhang
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  David N.F. Bell and David G. Blanchflower
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  Guangyu Cao, Ginger Zhe Jin, Xi Weng, and Li-An Zhou
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  Charles W. Calomiris and Sophia Chen
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  Johan Almenberg, Annamaria Lusardi, Jenny Säve-Söderbergh, and Roine Vestman
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  Johannes Boehm and Ezra Oberfield
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  Stefania Albanesi and Jaromir Nosal
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  Esra Kose, Elira Kuka, and Na'ama Shenhav
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  Jonathan Chapman, Mark Dean, Pietro Ortoleva, Erik Snowberg, and Colin Camerer
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  Rema Hanna and Benjamin A. Olken
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  Daniel M. Hungerman and Mark Ottoni-Wilhelm
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  Cátia Batista, Marcel Fafchamps, and Pedro C. Vicente
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  Lori Beaman, Ariel BenYishay, Jeremy Magruder, and Ahmed Mushfiq Mobarak
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  Melanie Guldi, Amelia Hawkins, Jeffrey Hemmeter, and Lucie Schmidt
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  Arindrajit Dube, Laura Giuliano, and Jonathan Leonard
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  Glenn Ellison and Ashley Swanson
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  Stuart Craig, Matthew Grennan, and Ashley Swanson
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  John Cawley, Alex Susskind, and Barton Willage
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  Katharine G. Abraham and Ashley Amaya
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  John Y. Campbell, Tarun Ramadorai, and Benjamin Ranish
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  Laura Bakkensen and Lint Barrage
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  Kevin Lang and Maria Dolores Palacios
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  Eric Arias, Horacio Larreguy, John Marshall, and Pablo Querubín
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  Zhi Wang, Shang-Jin Wei, Xinding Yu, and Kunfu Zhu
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  Jayson Beckman, Carmen Estrades, Manuel Flores, and Angel Aguiar
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  Ceren Baysan, Marshall Burke, Felipe González, Solomon Hsiang, and Edward Miguel
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  Robert J. Gordon
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  Thomas DeLeire
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  Ernesto Dal Bó, Frederico Finan, Nicholas Y. Li, and Laura Schechter
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  Harold Cole, Daniel Neuhann, and Guillermo Ordoñez
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  Jonathan H. Wright
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  Bart Los and Marcel P. Timmer
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  Stefan Hut and Emily Oster
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  Ramana Nanda, Sampsa Samila, and Olav Sorenson
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  Yukun Liu and Aleh Tsyvinski
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  Martin Lettau and Markus Pelger
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  Mikko Packalen and Jay Bhattacharya
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  Edward P. Lazear and Kristin McCue
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  Michael Geruso and Dean Spears
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  Robin Burgess, Francisco J.M. Costa, and Benjamin A. Olken
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  Elizabeth U. Cascio and Ethan G. Lewis
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  Isaac Mbiti, Karthik Muralidharan, Mauricio Romero, Youdi Schipper, Constantine Manda, and Rakesh Rajani
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  Michael Chernew, Zack Cooper, Eugene Larsen-Hallock, and Fiona Scott Morton
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  Matthew Grennan, Kyle Myers, Ashley Swanson, and Aaron Chatterji
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  Fabian Gaessler, Bronwyn H. Hall, and Dietmar Harhoff
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  Hal Varian
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  David N.F. Bell and David G. Blanchflower
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  Julian Reif
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  Zoë Cullen and Ricardo Perez-Truglia
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  Neil Bhutta and Benjamin J. Keys
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  David E. Bloom, Mathew McKenna, and Klaus Prettner
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  Annika B. Bergbauer, Eric A. Hanushek, and Ludger Woessmann
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  Ariella Kahn-Lang and Kevin Lang
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  Timothy N. Bond and Kevin Lang
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  Bradley Larsen and Anthony Lee Zhang
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  John Beshears, James J. Choi, David Laibson, and Brigitte C. Madrian
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  M. Scott Taylor
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  Sara G. Castellanos, Diego Jiménez Hernández, Aprajit Mahajan, and Enrique Seira
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  Juan Carlos Suárez Serrato
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  Jordi Galí
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  Achyuta Adhvaryu, Steven Bednar, Anant Nyshadham, Teresa Molina, and Quynh Nguyen
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  Michael D. Frakes and Jonathan Gruber
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  Anup Malani and Sonia P. Jaffe
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  Jason M. Lindo, Dave E. Marcotte, Jane E. Palmer, and Isaac D. Swensen
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  Amanda E. Kowalski
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  B. Douglas Bernheim and Dmitry Taubinsky
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  Qingnan Xie and Richard B. Freeman
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  Philippe Ruh and Stefan Staubli
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  Gaurav Khanna and Munseob Lee
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  Jan David Bakker, Stephan Maurer, Jörn-Steffen Pischke, and Ferdinand Rauch
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  Peter Christensen and Christopher Timmins
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  Joshua S. Graff Zivin, Yingquan Song, Qu Tang, and Peng Zhang
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  Tatyana Deryugina and David Molitor
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  William N. Evans, Craig Garthwaite, and Timothy J. Moore
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  Ariell Zimran
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  Andrew K. Rose
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  Aaron K. Chatterji, Joowon Kim, and Ryan C. McDevitt
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  Yi Huang, Ugo Panizza, and Richard Portes
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  Jianan Liu, Robert F. Stambaugh, and Yu Yuan
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  Adam M. Guren, Arvind Krishnamurthy, and Timothy J. McQuade
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  Janet Currie, Jonas Y. Jin, and Molly Schnell
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  Yan Bai, Dan Lu, and Xu Tian
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  Eric Anderson, Sergio Rebelo, and Arlene Wong
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  Charles W. Calomiris, Mauricio Larrain, and Sergio L. Schmukler
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  Charles W. Calomiris and Harry Mamaysky
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  Haichao Fan, Yu Liu, Nancy Qian, and Jaya Wen
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