NBER Working Papers

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23862: Marijuana legalization and disability claiming

Johanna Maclean, Keshar Ghimire and Lauren Nicholas

23861: The Effect of House Prices on Household Borrowing: A New Approach

James Cloyne, Kilian Huber, Ethan Ilzetzki and Henrik Kleven

23860: ProPelled: The Effects of Grants on Graduation, Earnings, and Welfare

Jeffrey Denning, Benjamin Marx and Lesley Turner

23859: The Effects of Accountability Incentives in Early Childhood Education

Daphna Bassok, Thomas Dee and Scott Latham

23858: What Lies Beneath: Pipeline Awareness and Aversion

Evan Herrnstadt and Richard Sweeney

23857: Agricultural Trade Reform, Reallocation and Technical Change: Evidence from the Canadian Prairies

William Brown, Shon Ferguson and Crina Viju

23856: Attribute Substitution in Household Vehicle Portfolios

James Archsmith, Kenneth Gillingham, Christopher Knittel and David Rapson

23855: Environmental Consequences of Hydrocarbon Infrastructure Policy

Thomas R. Covert and Ryan Kellogg

23854: Flood Risk Belief Heterogeneity and Coastal Home Price Dynamics: Going Under Water?

Laura A. Bakkensen and Lint Barrage

23853: The Productivity Slowdown and the Declining Labor Share: A Neoclassical Exploration

Gene Grossman, Elhanan Helpman, Ezra Oberfield and Thomas Sampson

23852: The External Costs of Transporting Petroleum Products by Pipelines and Rail: Evidence From Shipments of Crude Oil from North Dakota

Karen Clay, Akshaya Jha, Nicholas Muller and Randall Walsh

23851: Vocational and Career Tech Education in American High Schools: The Value of Depth Over Breadth

Daniel Kreisman and Kevin Stange

23850: How Credit Cycles across a Financial Crisis

Arvind Krishnamurthy and Tyler Muir

23849: What Goes Up May Not Come Down: Asymmetric Incidence of Value-Added Taxes

Youssef Benzarti, Dorian Carloni, Jarkko Harju and Tuomas Kosonen

23848: Who Really Benefits from Consumption Tax Cuts? Evidence from a Large VAT Reform in France

Youssef Benzarti and Dorian Carloni

23847: Central Banks: Evolution and Innovation in Historical Perspective

Michael Bordo and Pierre Siklos

23846: Premium Levels and Demand Response in Health Insurance: Relative Thinking and Zero-Price Effects

Rudy Douven, Ron van der Heijden, Thomas McGuire and Frederik T. Schut

23845: East Asian Financial and Economic Development

Randall Morck and Bernard Yeung

23844: Employment Hysteresis from the Great Recession

Danny Yagan

23843: The Decline of Big-Bank Lending to Small Business: Dynamic Impacts on Local Credit and Labor Markets

Brian S. Chen, Samuel Hanson and Jeremy Stein

23842: Returns to Pharmaceutical Innovation in the Market for Oral Chemotherapy in Response to Insurance Coverage Expansion

Caroline S. Bennette, Anirban Basu, Scott D. Ramsey, Zachary Helms and Peter B. Bach

23841: International Credit Supply Shocks

Ambrogio Cesa-Bianchi, Andrea Ferrero and Alessandro Rebucci

23840: Comparing 2SLS vs 2SRI for Binary Outcomes and Binary Exposures

Anirban Basu, Norma Coe and Cole G. Chapman

23839: Longitudinal Determinants of End-of-Life Wealth Inequality

James Poterba, Steven Venti and David Wise

23838: General Equilibrium Effects of (Improving) Public Employment Programs: Experimental Evidence from India

Karthik Muralidharan, Paul Niehaus and Sandip Sukhtankar

23837: Keynesian Economics without the Phillips Curve

Roger Farmer and Giovanni Nicolò

23836: Macro Needs Micro

Fabio Ghironi

23835: Default Risk, Sectoral Reallocation, and Persistent Recessions

Cristina Arellano, Yan Bai and Gabriel Mihalache

23834: Too Much of a Good Thing? Labor Market Imperfections as a Source of Exceptional Exporter Performance

Carsten Eckel and Stephen Yeaple

23833: The Economic Implications of Housing Supply

Edward Glaeser and Joseph Gyourko

23832: Are CEOs Different? Characteristics of Top Managers

Steven Kaplan and Morten Sorensen

23831: Optimal Financing for R&D-Intensive Firms

Richard Thakor and Andrew Lo

23830: Negative Bubbles: What Happens After a Crash

William Goetzmann and Dasol Kim

23829: How Efficient is Dynamic Competition? The Case of Price as Investment

David Besanko, Ulrich Doraszelski and Yaroslav Kryukov

23828: Deposit Insurance and Depositor Monitoring: Quasi-Experimental Evidence from the Creation of the Federal Deposit Insurance Corporation

Haelim Park Anderson, Gary Richardson and Brian S. Yang

23827: Ethnic Differences in Demographic Behavior in the United States: What Can We Learn from Vital Statistics about Inequality?

Michael Haines

23826: A Simple Approximation for Evaluating External Validity Bias

Isaiah Andrews and Emily Oster

23825: Two Great Trade Collapses: The Interwar Period & Great Recession Compared

Kevin O'Rourke

23824: Allocating Effort and Talent in Professional Labor Markets

Gadi Barlevy and Derek Neal

23823: Attention Manipulation and Information Overload

Petra Persson

23822: How Segregated is Urban Consumption?

Donald Davis, Jonathan Dingel, Joan Monras and Eduardo Morales

23821: March Madness: NCAA Tournament Participation and College Alcohol Use

Dustin White, Benjamin Cowan and Jadrian Wooten

23820: Smoking, Health Capital, and Longevity: Evaluation of Personalized Cessation Treatments in a Lifecycle Model with Heterogeneous Agents

Li-Shiun Chen, Ping Wang and Yao Yao

23819: Rural-Urban Migration, Structural Transformation, and Housing Markets in China

Carlos Garriga, Aaron Hedlund, Yang Tang and Ping Wang

23818: The U.S. Shale Oil Boom, the Oil Export Ban, and the Economy: A General Equilibrium Analysis

Nida Cakir Melek, Michael Plante and Mine Yucel

23817: Signaling to Experts

Pablo Kurlat and Florian Scheuer

23816: Is There Still Son Preference in the United States?

Francine Blau, Lawrence Kahn, Peter Brummund, Jason Cook and Miriam Larson-Koester

23815: Search Engines and Data Retention: Implications for Privacy and Antitrust

Lesley Chiou and Catherine Tucker

23814: Mis-classified, Binary, Endogenous Regressors: Identification and Inference

Francis DiTraglia and Camilo García-Jimeno

23813: Racial Segregation and Southern Lynching

Lisa Cook, Trevon Logan and John Parman

23812: Changes in Corporate Governance and Top Executive Turnover: The Evidence from Japan

Hideaki Miyajima, Ryo Ogawa and Takuji Saito

23811: Complementary Bias: A Model of Two-Sided Statistical Discrimination

Ashley Craig and Roland Fryer

23810: Multi-generational Impacts of Childhood Access to the Safety Net: Early Life Exposure to Medicaid and the Next Generation’s Health

Chloe East, Sarah Miller, Marianne Page and Laura Wherry

23809: Anomalies Abroad: Beyond Data Mining

Xiaomeng Lu, Robert Stambaugh and Yu Yuan

23808: Network-Mediated Knowledge Spillovers: A Cross-Country Comparative Analysis of Information Security Innovations

Lee Branstetter, Neil Gandal and Nadav Kuniesky

23807: Water, Health and Wealth

Nava Ashraf, Edward Glaeser, Abraham Holland and Bryce Steinberg

23806: Should Robots be Taxed?

Joao Guerreiro, Sergio Rebelo and Pedro Teles

23805: Who Owns the Wealth in Tax Havens? Macro Evidence and Implications for Global Inequality

Annette Alstadsæter, Niels Johannesen and Gabriel Zucman

23804: Enjoying the Quiet Life: Corporate Decision-Making by Entrenched Managers

Naoshi Ikeda, Kotaro Inoue and Sho Watanabe

23803: The Effects of Graduation Requirements on Risky Health Behaviors of High School Students

Zhuang Hao and Benjamin Cowan

23802: How do Credit Supply Shocks Affect the Real Economy? Evidence from the United States in the 1980s

Atif Mian, Amir Sufi and Emil Verner

23801: Market Power, Production (Mis)Allocation and OPEC

John Asker, Allan Collard-Wexler and Jan De Loecker

23800: The Origins of Financial Development: How the African Slave Trade Continues to Influence Modern Finance

Ross Levine, Chen Lin and Wensi Xie

23799: Understanding the Rise in Corporate Cash: Precautionary Savings or Foreign Taxes

Michael W. Faulkender, Kristine Hankins and Mitchell Petersen

23798: FinTech Adoption Across Generations: Financial Fitness in the Information Age

Bruce Carlin, Arna Olafsson and Michaela Pagel

23797: Long-Term Care in Latin America and the Caribbean? Theory and Policy Considerations

Martín Caruso, Sebastian Galiani and Pablo Ibarraran

23796: Uncertainty Shocks as Second-Moment News Shocks

David Berger, Ian Dew-Becker and Stefano Giglio

23795: Where Modern Macroeconomics Went Wrong

Joseph Stiglitz

23794: Structural Transformation, Deep Downturns, and Government Policy

Joseph Stiglitz

23793: Can Financial Incentives Reduce the Baby Gap? Evidence from a Reform in Maternity Leave Benefits

Anna Raute

23792: High-Dosage Tutoring and Reading Achievement: Evidence from New York City

Roland Fryer and Meghan Howard Noveck

23791: The Accident Externality from Trucking

Lucija Muehlenbachs, Stefan Staubli and Ziyan Chu

23790: Tarnishing the Golden and Empire States: Land-Use Restrictions and the U.S. Economic Slowdown

Kyle Herkenhoff, Lee Ohanian and Edward Prescott

23789: Fiscal Stimulus and Fiscal Sustainability

Alan Auerbach and Yuriy Gorodnichenko

23788: How was the Quantitative Easing Program of the 1930s Unwound?

Matthew Jaremski and Gabriel Mathy

23787: Rational Inattention and Sequential Information Sampling

Benjamin Hebert and Michael Woodford

23786: The Second Era of Globalization is Not Yet Over: An Historical Perspective

Michael Bordo

23785: Historical Antisemitism, Ethnic Specialization, and Financial Development

Francesco D’Acunto, Marcel Prokopczuk and Michael Weber

23784: The Mortgage Rate Conundrum

Alejandro Justiniano, Giorgio Primiceri and Andrea Tambalotti

23783: The Paper Money of Colonial North Carolina, 1712-1774

Cory Cutsail and Farley Grubb

23782: Are Ideas Getting Harder to Find?

Nicholas Bloom, Charles Jones, John van Reenen and Michael Webb

23781: Access to Long-Term Care After a Wealth Shock: Evidence from the Housing Bubble and Burst

Joan Costa-Font, Richard Frank and Katherine Swartz

23780: The Revolution of Information Economics: The Past and the Future

Joseph Stiglitz

23779: The Effects of Marijuana Liberalizations: Evidence from Monitoring the Future

Angela Dills, Sietse Goffard and Jeffrey Miron

23778: Pricing when Customers Care about Fairness but Misinfer Markups

Erik Eyster, Kristof Madarasz and Pascal Michaillat

23777: How Wide Is the Firm Border?

Enghin Atalay, Ali Hortacsu, Mary Jialin Li and Chad Syverson

23776: Biased Monitors: Corporate Governance When Managerial Ability is Mis-assessed

Benjamin Hermalin

23775: Personalized Pricing and Consumer Welfare

Jean-Pierre Dubé and Sanjog Misra

23774: Learning by Ruling and Trade Disputes

Giovanni Maggi and Robert Staiger

23773: Gravity in FX R-Squared: Understanding the Factor Structure in Exchange Rates

Hanno Lustig and Robert Richmond

23772: Tax Evasion and Inequality

Annette Alstadsæter, Niels Johannesen and Gabriel Zucman

23771: Strategy-proofness in the Large

Eduardo Azevedo and Eric Budish

23770: Primary-Market Auctions for Event Tickets: Eliminating the Rents of 'Bob the Broker'?

Aditya Bhave and Eric Budish

23769: High School Choices and the Gender Gap in STEM

David Card and A. Payne

23768: Reproductive Health Care in Catholic-Owned Hospitals

Elaine Hill, David Slusky and Donna Ginther

23767: The Evolution of Corporate Cash

John R. Graham and Mark T. Leary

23766: Financialization in Commodity Markets

Varadarajan Chari and Lawrence Christiano

23765: The Impact of Partial-Year Enrollment on the Accuracy of Risk Adjustment Systems: A Framework and Evidence

Keith Ericson, Kimberley Geissler and Benjamin Lubin

23764: Global Macro Risks in Currency Excess Returns

Kimberly Berg and Nelson Mark

23763: Early Childhood Health Shocks and Adult Wellbeing: Evidence from Wartime Britain

Jeffrey Schiman, Robert Kaestner and Anthony T. Lo Sasso