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Archive of New National Bureau of Economic Research Working Papers and Books

New This Week Archive

Week of December 24, 1998

• Unemployment Insurance Savings Accounts
  Martin Feldstein and Daniel Altman #6860
  
• Understanding the Twentieth Century Decline in Chronic Conditions Among Older Men
  Dora L. Costa #6859
  
• Malthus to Solow
  Gary D. Hansen and Edward C. Prescott #6858
  
• Firm Behavior and Market Access in a Free Trade Area with Rules of Origin
  Jiandong Ju and Kala Krishna #6857
  
• The Earned Income Tax Credit and the Labor Supply of Married Couples
  Nada Eissa and Hilary Williamson Hoynes #6856
  
• Hours of Work and the Fair Labor Standards Act: A Study of Retail and Wholesale Trade, 1938 - 1950
  Dora L. Costa #6855
  
• Changing Pensions in Cross-Section and Panel Data: Analysis with Employer Provided Plan Descriptions
  Alan L. Gustman and Thomas L. Steinmeier #6854
  
• What is Driving U.S. and Canadian Wages: Exogenous Technical Change or Endogenous Choice of Technique
  Paul Beaudry and David Green #6853
  
• Three Sides of Harberger Triangles
  James R. Hines, Jr. #6852
  
• Empirical Implications of Physician Authority in Pharmaceutical Decisionmaking
  Scott Stern and Manuel Trajtenberg #6851
  
• Contagion, Bank Lending Spreads and Output Fluctuations
  P.R. Agenor, J. Aizenman, and A. Hoffmaister #6850
  
• Geography and Economic Development
  John Luke Gallup, Jeffrey D. Sachs, and Andrew D. Mellinger #6849
  
• The Size and Scope of Government: Comparative Politics with Rational Politicians
  Torsten Persson and Guido Tabellini #6848
  
• Conflict of Interest in the Issuance of Public Securities: Evidence from Venture Capital
  Paul Gompers and Josh Lerner #6847
  

Week of December 18, 1998

• Does Venture Capital Spur Innovation?
  Samuel Kortum and Josh Lerner #6846
  
• Real-Time Multivariate Density Forecast Evaluation and Calibration: Monitoring the Risk of High-Frequency Returns on Foreign Investments
  Francis X. Diebold, Jinyong Hahn, and Anthony S. Tay #6845
  
• How Relevant is Volatility Forecasting for Financial Risk Management?
  Peter F. Christoffersen and Francis X. Diebold #6844
  
• Emerging Market Crises: An Asset Markets Perspective
  Ricardo J. Caballero and Arvind Krishnamurthy #6843
  
• Estate and Gift Taxes and Incentives for Inter Vivos Giving in the United States
  James Poterba #6842
  
• Inequality
  Jan Eeckhout and Boyan Jovanovic #6841
  
• Discrimination in the Small Business Credit Market
  David G. Blanchflower, Phillip B. Levine, and David J. Zimmerman #6840
  
• Individual Risk and Intergenerational Risk Sharing in an Investment-Based Social Security Program
  Martin Feldstein and Elena Ranguelova #6839
  
• Parity for Mental Health and Substance Abuse Care Under Managed Care
  Richard G. Frank and Thomas G. McGuire #6838
  
• Regulatory Free Cash Flow and the High Cost of Insurance Company Failures
  Brian J. Hall #6837
  
• Distance to Hospital and Children's Access to Care: Is Being Closer Better, and for Whom?
  Janet Currie and Patricia Reagan #6836
  
• Did Late Nineteenth Century U.S. Tariffs Promote Infant Industries? Evidence from the Tinplate Industry
  Douglas A. Irwin #6835
  
• What Caused the Asian Currency and Financial Crisis? Part II: The Policy Debate
  Giancarlo Corsetti, Paolo Pesenti, and Nouriel Roubini #6834
  
• What Caused the Asian Currency and Financial Crisis? Part I: A Macroeconomic Overview
  Giancarlo Corsetti, Paolo Pesenti, and Nouriel Roubini #6833
  
• Network Effects and Welfare Cultures
  Marianne Bertrand, Erzo F.P. Luttmer, and Sendhil Mullainathan #6832
  

Week of December 11, 1998

• The Strategic Use of Tying to Preserve and Create Market Power in Evolving Industries
  Dennis W. Carlton and Michael Waldman #6831
  
• Executive Compensation and Incentives: The Impact of Takeover Legislation
  Marianne Bertrand and Sendhil Mullainathan #6830
  
• Propensity Score Matching Methods for Non-experimental Causal Studies
  Rajeev H. Dehejia and Sadek Wahba #6829
  
• Taxes and Income Distribution in Chile: Some Unpleasant Redistributive Arithmetic
  Eduardo M.R.A. Engel, Alexander Galetovic, and Claudio E. Raddatz #6828
  
• European Technology Policy
  Jonathan Eaton, Eva Gutierrez, and Samuel Kortum #6827
  
• Does Air Quality Matter? Evidence from the Housing Market
  Kenneth Y. Chay and Michael Greenstone #6826
  
• Measuring Adverse Selection in Managed Health Care
  Richard G. Frank, Jacob Glazer, and Thomas G. McGuire #6825
  
• Under What Circumstances, Past and Present, Have International Rescues of Countries in Financial Distress Been Successful?
  Michael D. Bordo and Anna J. Schwartz #6824
  
• Covering Up Trading Losses: Opportunity-Cost Accounting as an Internal Control Mechanism
  Edward J. Kane and Kimberly DeTrask #6823
  
• Estimating Equilibrium Models of Local Jurisdictions
  Dennis Epple and Holger Sieg #6822
  
• Does Mercosur Need a Single Currency?
  Barry Eichengreen #6821
  
• Nonprofit Business Activity and the Unrelated Business Income Tax
  James R. Hines, Jr. #6820
  
• Trust and Opportunism in Close Corporations
  Paul G. Mahoney #6819
  
• The Evolution of Price Dispersion in the European Car Market
  Pinelopi Koujianou Goldberg and Frank Verboven #6818
  
• Price Indexes for Medical Care Goods and Services: An Overview of Measurement Issues
  Ernst R. Berndt, David M. Cutler, Richard G. Frank, Zvi Griliches, Joseph P. Newhouse, and Jack E. Triplett #6817
  
• Technology Transfer and Spillovers: Does Local Participation with Multinationals Matter?
  Magnus Blomstrom and Fredrik Sjoholm #6816
  
• Do Endowments Predict the Location of Production? Evidence from National and International Data
  Jeffrey R. Bernstein and David E. Weinstein #6815
  
• Inherited Wealth, Corporate Control, and Economic Growth: The Canadian Disease
  Randall K. Morck, David A. Stangeland, and Bernard Yeung #6814
  

Week of November 27, 1998

• Immigration and Welfare Magnets
  George J. Borjas #6813
  
• Putty-Clay and Investment: A Business Cycle Analysis
  Simon Gilchrist and John C. Williams
  
• Population, Technology, and Growth: From the Malthusian Regime to the Demographic Transition
  Oded Galor and David N. Weil
  
• Not-For-Profit Entrepreneurs
  Edward L. Glaeser and Andrei Shleifer #6810
  
• Organizational Flexibility and Employment Dynamics at Young and Old Plants
  Jeffrey R. Campbell and Jonas D.M. Fisher #6809
  
• Using a Natural Experiment to Estimate the Effects of the Unemployment Insurance Payroll Tax on Wages, Employment, Claims, and Denials
  Patricia M. Anderson and Bruce D. Meyer #6808
  
• Is There Discretion in Wage Setting? A Test Using Takeover Legislation
  Marianne Bertrand and Sendhil Mullainathan #6807
  
• Contagion and Trade: Why Are Currency Crises Regional?
  Reuven Glick and Andrew K. Rose #6806
  
• Welfare for the Elderly: The Effects of SSI on Pre-Retirement Labor Supply
  David Neumark and Elizabeth Powers #6805
  
• Understanding the Home Market Effect and the Gravity Equation: The Role of Differentiating Goods
  Robert C. Feenstra, James A. Markusen, and Andrew K. Rose #6804
  
• Aggregate Productivity Growth: Lessons from Microeconomic Evidence
  Lucia Foster, John Haltiwanger, and C.J. Krizan #6803
  
• The Case for a Populist Central Banker
  Andres Velasco and Vincenzo Guzzo #6802
  
• Who Should Buy Long-Term Bonds?
  John Y. Campbell and Luis M. Viceira #6801
  
• Capital Flows, Real Exchange Rates, and Capital Controls: Some Latin American Examples
  Sebastian Edwards #6800
  

Week of November 13, 1998

• Price Indexes for Acute Phase Treatment of Depression
  Ernst R. Berndt, Susan H. Busch, and Richard G. Frank #6799
  
• Unintended Consequences? Welfare Reform and the Working Poor
  Ann Dryden Witte, Magaly Queralt, Tasneem Chipty, and Harriet Griesinger #6798
  
• Long-Horizon Uncovered Interest Rate Parity
  Guy Meredith and Menzie D. Chinn #6797
  
• The Asian Liquidity Crisis
  Roberto Chang and Andres Velasco #6796
  
• Social Mobility and the Demand for Redistribution: The POUM Hypothesis
  Roland Benabou and Efe A. Ok #6795
  
• Social Security Pension Reform in China
  Martin Feldstein #6794
  
• Monetary Policy and the Well-Being of the Poor
  Christina D. Romer and David H. Romer #6793
  
• All School Finance Equalizations Are Not Created Equal
  Caroline M. Hoxby #6792
  
• Establishing a Monetary Union
  Russell Cooper and Hubert Kempf #6791
  
• Inflation Targeting as a Monetary Policy Rule
  Lars E.O. Svensson #6790
  
• Deadweight Costs and the Size of Government
  Gary S. Becker and Casey B. Mulligan #6789
  
• The Effects of Capital Subsidization on Israeli Industry
  Arie Bregman, Melvyn Fuss, and Haim Regev #6788
  
• Market Access, Economic Geography, and Comparative Advantage: An Empirical Assessment
  Donald R. Davis and David E. Weinstein
  
• Crime, Imprisonment, and Female Labor Force Participation: A Time-Series Approach
  Robert Witt and Ann Dryden Witte #6786
  

Week of November 6, 1998

• An Account of Global Factor Trade
  Donald R. Davis and David E. Weinstein #6785
  
• The Impact of Race on Policing, Arrest Patterns, and Crime
  John J. Donohue III and Steven D. Levitt #6784
  
• Paper Tigers? A Model of the Asian Crisis
  Giancarlo Corsetti, Paolo Pesenti, and Nouriel Roubini #6783
  
• Volatility and the Welfare Costs of Financial Integration
  Pierre-Richard Agenor and Joshua Aizenman #6782
  
• Does Teacher Training Affect Pupil Learning? Evidence from Matched Comparisons in Jerusalem Public Schools
  Joshua D. Angrist and Victor Lavy #6781
  
• Incentive Effects of Social Security on Labor Force Participation: Evidence from Germany and Across Europe
  Axel Borsch-Supan #6780
  
• Public School Segregation in Metropolitan Areas
  Charles T. Clotfelter #6779
  
• Migration and Pension
  Assaf Razin and Effraim Sadka #6778
  
• The Dynamic Effects of Health on the Labor Force Transitions of Older Workers
  John Bound, Michael Schoenbaum, Todd R. Stinebrickner, and Timothy Waidmann #6777
  
• Environmental Regulation and Productivity: Evidence from Oil Refineries
  Eli Berman and Linda T.M. Bui #6776
  
• Height, Weight, and Body Mass of the British Population Since 1820
  Roderick Floud #H0108
  

Week of October 30, 1998

• Displaced Captial
  Valerie A. Ramey and Matthew D. Shapiro #6775
  
• Population Age Structure and Asset Returns: An Empirical Investigation
  James M. Poterba #6774
  
• Estimating the Knowledge-Capital Model of the Multinational Enterprise
  David L. Carr, James R. Markusen, and Keith E. Maskus #6773
  
• Coding Geographic Areas Across Census Years: Creating Consistent Definitions of Metropolitan Areas
  David A. Jaeger, Susanna Loeb, Sarah E. Turner, and John Bound #6772
  
• Long-term Debt and Optimal Policy in the Fiscal Theory of the Price Level
  John H. Cochrane #6771
  
• Income Inequality and Poverty
  Martin Feldstein #6770
  
• The Effects of Daycare Reconsidered
  Karen Norberg #6769
  
• An Historical Analysis of Monetary Policy Rules
  John B. Taylor #6768
  
• Economic Recovery from the Argentine Great Depression: Institutions, Expectations, and the Change of Macroeconomic Regime
  Gerardo della Paolera and Alan M. Taylor #6767
  
• School Finance Reform, the Distribution of School Spending, and the Distribution of SAT Scores
  David Card and A. Abigail Payne #6766
  
• Constraints on Large-Block Shareholders
  Clifford G. Holderness and Dennis P. Sheehan #6765
  
• The Changing Skill of New Immigrants to the United States: Recent Trends and Their Determinants
  Guillermina Jasso, Mark R. Rosenzweig, and James P. Smith #6764
  
• Elasticities of Substitution in Real Business Cycle Models with Home Production
  John Y. Campbell and Sydney Ludvigson #6763
• Health Insurance and the Labor Market
  Jonathan Gruber #6762
  
• Tools or Toys? The Impact of High Technology on Scholarly Productivity
  Daniel S. Hamermesh and Sharon M. Oster #6761
  
• Policy Rules for Open Economies
  Laurence Ball #6760
  
• Tax Reform Evaluation Using Nonparametric Methods: Sweden 1980 - 1991
  Soren Blomquist, Matias Eklof, and Whitney Newey #6759
  
• Prospective Deficits and the Asian Currency Crisis
  Craig Burnside, Martin Eichenbaum, and Sergio Rebelo #6758
  

Week of October 23, 1998

• The Educational Attainment of Immigrants: Trends and Implications
  Julian R. Betts and Magnus Lofstrom #6757
  
• Interest Rate Volatility, Capital Controls, and Contagion
  Sebastian Edwards #6756
  
• Health Care for the Elderly: How Much? Who Will Pay for It?
  Victor R. Fuchs #6755
  
• Staggered Prices and Wage Setting in Macroeconomics
  John B. Taylor #6754
  
• Empirical Patterns of Firm Growth and R&D Investment: A Quality Ladder Model Interpretation
  Tor Jakob Klette and Zvi Griliches #6753
  
• The Structure of Foreign Trade
  Elhanan Helpman #6752
  
• Horizontal Mergers in the Paper Industry
  Martin Pesendorfer #6751
  
• The Last American Shoe Manufacturers: Changing the Method of Pay to Survive Foreign Competition
  Richard B. Freeman and Morris M. Kleiner #6750
  
• Employment versus Wage Adjustment and the US Dollar
  Jose Manuel Campa and Linda S. Goldberg #6749
  
• Medical Care at the End of Life: Diseases, Treatment Patterns, and Costs
  Alan M. Garber, Thomas E. MaCurdy, and Mark C. McClellan #6748
  
• "Overreaction" of Asset Prices in General Equilibrium
  S. Rao Aiyagari and Mark Gertler #6747
  
• Redistributive Public Employment
  Alberto Alesina, Reza Baqir, and William Easterly #6746
  

Week of October 9, 1998

• Valuation and Return Dynamics of New Ventures
  Jonathan B. Berk, Richard C. Green, and Vasant Naik #6745
  
• Physician Fees and Procedure Intensity: The Case of Cesarean Delivery
  Jon Gruber, John Kim, and Dina Mayzlin #6744
  
• Love or Money? The Effects of Owner Motivation in the California Wine Industry
  Fiona M. Scott Morton and Joel M. Podolny #6743
  
• Currency Hedging and Goods Trade
  Shang-Jin Wei #6742
  
• Diversity and Trade
  Gene M. Grossman and Giovanni Maggi #6741
  
• Beyond Becker: Training in Imperfect Labor Markets
  Daron Acemoglu and Jorn-Steffen Pischke #6740
  

Week of October 2, 1998

• The Simple Analytics of the Environmental Kuznets Curve
  James Andreoni and Arik Levinson #6739
  
• Was There Really an Earlier Period of International Financial Integration Comparable to Today?
  Michael D. Bordo, Barry Eichengreen, and Jongwoo Kim #6738
  
• Understanding the Effects of a Shock to Government Purchases
  Wendy Edelberg, Martin Eichenbam, and Jonas D.M. Fisher #6737
  
• Discrete-Time Models of Bond Pricing
  David Backus, Silverio Foresi, and Chris Telmer #6736
  
• Risky Habits: On Risk Sharing, Habit Formation, and the Interpretation of International Consumption Correlations
  Jeffrey C. Fuhrer and Michael W. Klein #6735
  
• Tax Burden and Migration: A Political Economy Theory and Evidence
  Assaf Razin, Effraim Sadka, and Phillip Swagel #6734
  
• Multinational and the Gains from International Diversification
  Patrick F. Rowland and Linda L. Tesar #6733
  
• Supply Side Hysterisis: The Case of the Canadian Unemployment Insurance System
  Thomas Lemieux and W. Bentley MacLeod #6732
  
• Taxes and the Quality of Capital
  Austan Goolsbee #6731
  
• Impacts of the Basle Capital Standard on Japanese Banks' Behavior
  Takatoshi Ito and Yuri Nagataki Sasaki #6730
  
• Sorting Out Sorts
  Jonathan B. Berk #T235
  
• A Simple Framework for Nonparametric Specification Testing
  Glenn Ellison and Sara Fisher Ellison #T234
  

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