The Latest NBER Research

                      THE LATEST WORKING PAPERS
                   National Bureau of Economic Research
                           June 9, 2014
                                                                     
The following NBER Working Papers that match your selections
were released in electronic format during the last week.

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1.  Income Inequality, Social Mobility, and the Decision to Drop Out of High School
by Melissa S. Kearney, Phillip B. Levine #20195 (CH LS)
http://papers.nber.org/papers/W20195?utm_campaign=ntw&utm_medium=email&utm_source=ntw

2.  Heterogeneity in the Value of Life
by Joseph E. Aldy, Seamus J. Smyth #20206 (EEE)
http://papers.nber.org/papers/W20206?utm_campaign=ntw&utm_medium=email&utm_source=ntw

3.  Banks Are Where The Liquidity Is
by Oliver Hart, Luigi Zingales #20207 (CF ME)
http://papers.nber.org/papers/W20207?utm_campaign=ntw&utm_medium=email&utm_source=ntw

4.  Premium Transparency in the Medicare Advantage Market: Implications for Premiums, Benefits, and Efficiency
by Karen Stockley, Thomas McGuire, Christopher Afendulis, Michael E. Chernew #20208 (HE)
http://papers.nber.org/papers/W20208?utm_campaign=ntw&utm_medium=email&utm_source=ntw

5.  Misspecified Recovery
by Jaroslav Borovicka, Lars P. Hansen, Jose A. Scheinkman #20209 (AP)
http://papers.nber.org/papers/W20209?utm_campaign=ntw&utm_medium=email&utm_source=ntw

6.  External Equity Financing Shocks, Financial Flows, and Asset Prices
by Frederico Belo, Xiaoji Lin, Fan Yang #20210 (AP)
http://papers.nber.org/papers/W20210?utm_campaign=ntw&utm_medium=email&utm_source=ntw

7.  Intensive Math Instruction and Educational Attainment: Long-Run Impacts of Double-Dose Algebra
by Kalena Cortes, Joshua Goodman, Takako Nomi #20211 (ED LS)
http://papers.nber.org/papers/W20211?utm_campaign=ntw&utm_medium=email&utm_source=ntw

8.  Pharmaceutical Profits and the Social Value of Innovation
by David Dranove, Craig Garthwaite, Manuel Hermosilla #20212 (HC HE IO PE)
http://papers.nber.org/papers/W20212?utm_campaign=ntw&utm_medium=email&utm_source=ntw

9.  Parenting with Style: Altruism and Paternalism in Intergenerational Preference Transmission
by Matthias Doepke, Fabrizio Zilibotti #20214 (CH DEV EFG)
http://papers.nber.org/papers/W20214?utm_campaign=ntw&utm_medium=email&utm_source=ntw

10.  Averting Catastrophes: The Strange Economics of Scylla and Charybdis
by Ian W.R. Martin, Robert S. Pindyck #20215 (EEE EFG IO PE PR)
http://papers.nber.org/papers/W20215?utm_campaign=ntw&utm_medium=email&utm_source=ntw

11.  The Dictator's Inner Circle
by Patrick Francois, Ilia Rainer, Francesco Trebbi #20216 (DEV POL)
http://papers.nber.org/papers/W20216?utm_campaign=ntw&utm_medium=email&utm_source=ntw

12.  External Integration, Structural Transformation and Economic Development: Evidence from Argentina 1870-1914
by Pablo Fajgelbaum, Stephen J. Redding #20217 (ITI)
http://papers.nber.org/papers/W20217?utm_campaign=ntw&utm_medium=email&utm_source=ntw

13.  Seasonal Credit Constraints and Agricultural Labor Supply: Evidence from Zambia
by Guenther Fink, B. Kelsey Jack, Felix Masiye #20218 (DEV LS)
http://papers.nber.org/papers/W20218?utm_campaign=ntw&utm_medium=email&utm_source=ntw

14.  Human Capital and Industrialization: Evidence from the Age of Enlightenment
by Mara P. Squicciarini, Nico Voigtlaender #20219 (DAE EFG)
http://papers.nber.org/papers/W20219?utm_campaign=ntw&utm_medium=email&utm_source=ntw

15.  Capital Controls and Recovery from the Financial Crisis of the 1930s
by Kris James Mitchener, Kirsten Wandschneider #20220 (DAE IFM)
http://papers.nber.org/papers/W20220?utm_campaign=ntw&utm_medium=email&utm_source=ntw

16.  Flaking Out: Student Absences and Snow Days as Disruptions of Instructional Time
by Joshua Goodman #20221 (ED)
http://papers.nber.org/papers/W20221?utm_campaign=ntw&utm_medium=email&utm_source=ntw

17.  Will Divestment from Employment-Based Health Insurance Save Employers Money? The Case of State and Local Governments
by Jeremy D. Goldhaber-Fiebert, David M. Studdert, Monica S. Farid, Jay Bhattacharya #20222 (AG HC HE PE)
http://papers.nber.org/papers/W20222?utm_campaign=ntw&utm_medium=email&utm_source=ntw

18.  "Sticker Shock" in Individual Insurance under Health Reform
by Mark Pauly, Scott Harrington, Adam Leive #20223 (HC HE)
http://papers.nber.org/papers/W20223?utm_campaign=ntw&utm_medium=email&utm_source=ntw

19.  Monetary Policy Surprises, Credit Costs and Economic Activity
by Mark Gertler, Peter Karadi #20224 (AP EFG ME)
http://papers.nber.org/papers/W20224?utm_campaign=ntw&utm_medium=email&utm_source=ntw

20.  The Price Impact of Joining a Currency Union: Evidence from Latvia
by Alberto Cavallo, Brent Neiman, Roberto Rigobon #20225 (IFM ITI ME)
http://papers.nber.org/papers/W20225?utm_campaign=ntw&utm_medium=email&utm_source=ntw

21.  Paying on the Margin for Medical Care: Evidence from Breast Cancer Treatments
by Liran Einav, Amy Finkelstein, Heidi Williams #20226 (AG HC HE IO LE PE PR)
http://papers.nber.org/papers/W20226?utm_campaign=ntw&utm_medium=email&utm_source=ntw

22.  The Choice of the Personal Income Tax Base
by Roger H. Gordon, Wojciech Kopczuk #20227 (PE)
http://papers.nber.org/papers/W20227?utm_campaign=ntw&utm_medium=email&utm_source=ntw

                      THE LATEST WORKING PAPERS
                   National Bureau of Economic Research
                           June 16, 2014
                                                                     
The following NBER Working Papers that match your selections
were released in electronic format during the last week.

----------------------------------------------------------------------

1.  Bases, Bullets and Ballots: the Effect of U.S. Military Aid on Political Conflict in Colombia
by Oeindrila Dube, Suresh Naidu #20213 (DEV POL)
http://papers.nber.org/papers/W20213?utm_campaign=ntw&utm_medium=email&utm_source=ntw

2.  Visual Tools and Narratives: New Ways to Improve Financial Literacy
by Annamaria Lusardi, Anya Savikhin Samek, Arie Kapteyn, Lewis Glinert, Angela Hung, Aileen Heinberg #20229 (AG)
http://papers.nber.org/papers/W20229?utm_campaign=ntw&utm_medium=email&utm_source=ntw

3.  Effects of Unconventional Monetary Policy on Financial Institutions
by Gabriel Chodorow-Reich #20230 (ME)
http://papers.nber.org/papers/W20230?utm_campaign=ntw&utm_medium=email&utm_source=ntw

4.  Revisiting American Exceptionalism:  Democracy and the Regulation of Corporate Governance in Nineteenth-Century Pennsylvania
by Naomi R. Lamoreaux #20231 (DAE)
http://papers.nber.org/papers/W20231?utm_campaign=ntw&utm_medium=email&utm_source=ntw

5.  Making the Most of Capital in the 21st Century
by Peter H. Lindert #20232 (DAE)
http://papers.nber.org/papers/W20232?utm_campaign=ntw&utm_medium=email&utm_source=ntw

6.  Marital Disruption and Health Insurance
by H. Elizabeth Peters, Kosali Simon, Jamie Rubenstein Taber #20233 (HC HE)
http://papers.nber.org/papers/W20233?utm_campaign=ntw&utm_medium=email&utm_source=ntw

7.  Ode to the sea:  Workplace Organizations and Norms of Cooperation
by Uri Gneezy, Andreas Leibbrandt, John A. List #20234 (EEE LS)
http://papers.nber.org/papers/W20234?utm_campaign=ntw&utm_medium=email&utm_source=ntw

8.  Transportation Costs and the Spatial Organization of Economic Activity
by Stephen J. Redding, Matthew A. Turner #20235 (ITI)
http://papers.nber.org/papers/W20235?utm_campaign=ntw&utm_medium=email&utm_source=ntw

9.  Global Value Chains and Effective Exchange Rates at the Country-Sector Level
by Nikhil Patel, Zhi Wang, Shang-Jin Wei #20236 (IFM ITI)
http://papers.nber.org/papers/W20236?utm_campaign=ntw&utm_medium=email&utm_source=ntw

10.  Optimal Taylor Rules in New Keynesian Models
by Christoph E. Boehm, Christopher L. House #20237 (EFG ME)
http://papers.nber.org/papers/W20237?utm_campaign=ntw&utm_medium=email&utm_source=ntw

11.  Escaping the Great Recession
by Francesco Bianchi, Leonardo Melosi #20238 (ME)
http://papers.nber.org/papers/W20238?utm_campaign=ntw&utm_medium=email&utm_source=ntw

12.  Saving More to Borrow Less: Experimental Evidence from Access to Formal Savings Accounts in Chile
by Felipe Kast, Dina Pomeranz #20239 (DEV PE)
http://papers.nber.org/papers/W20239?utm_campaign=ntw&utm_medium=email&utm_source=ntw

13.  Behavioral Indifference Curves
by John Komlos #20240 (TWP)
http://papers.nber.org/papers/W20240?utm_campaign=ntw&utm_medium=email&utm_source=ntw

14.  The Revolving Door and Worker Flows in Banking Regulation
by David Lucca, Amit Seru, Francesco Trebbi #20241 (CF POL)
http://papers.nber.org/papers/W20241?utm_campaign=ntw&utm_medium=email&utm_source=ntw

15.  The Eurocrisis: Muddling Through, or On the Way to a More Perfect Euro Union?
by Joshua Aizenman #20242 (IFM)
http://papers.nber.org/papers/W20242?utm_campaign=ntw&utm_medium=email&utm_source=ntw

16.  Punishment and Deterrence: Evidence from Drunk Driving
by Benjamin Hansen #20243 (HE LE PE)
http://papers.nber.org/papers/W20243?utm_campaign=ntw&utm_medium=email&utm_source=ntw

17.  Trying to Understand the PPPs in ICP2011: Why are the Results so Different?
by Angus Deaton, Bettina Aten #20244 (DEV EFG IFM)
http://papers.nber.org/papers/W20244?utm_campaign=ntw&utm_medium=email&utm_source=ntw

18.  Measuring the Risk-Return Tradeoff with Time-Varying Conditional Covariances
by Esben Hedegaard, Robert J. Hodrick #20245 (AP)
http://papers.nber.org/papers/W20245?utm_campaign=ntw&utm_medium=email&utm_source=ntw

19.  Investor Sophistication and Capital Income Inequality
by Marcin Kacperczyk, Jaromir B. Nosal, Luminita Stevens #20246 (AP EFG IFM)
http://papers.nber.org/papers/W20246?utm_campaign=ntw&utm_medium=email&utm_source=ntw

20.  Geographic Barriers to Commodity Price Integration: Evidence from US Cities and Swedish Towns, 1732-1860
by Mario J. Crucini, Gregor W. Smith #20247 (DAE IFM ITI)
http://papers.nber.org/papers/W20247?utm_campaign=ntw&utm_medium=email&utm_source=ntw

21.  Productivity and Potential Output Before, During, and After the Great Recession
by John Fernald #20248 (PR)
http://papers.nber.org/papers/W20248?utm_campaign=ntw&utm_medium=email&utm_source=ntw

22.  Defacto and Deeded Intellectual Property: Knowledge-Driven Co-Evolution of Firm Collaboration Boundaries and IPR Strategy
by Lynne G. Zucker, Michael R. Darby #20249 (PR)
http://papers.nber.org/papers/W20249?utm_campaign=ntw&utm_medium=email&utm_source=ntw

23.  Life Cycle Earnings, Education Premiums and Internal Rates of Return
by Manudeep Bhuller, Magne Mogstad, Kjell G. Salvanes #20250 (ED LS)
http://papers.nber.org/papers/W20250?utm_campaign=ntw&utm_medium=email&utm_source=ntw

24.  Free to Leave? A Welfare Analysis of Divorce Regimes
by Raquel Fernandez, Joyce Cheng Wong #20251 (EFG POL)
http://papers.nber.org/papers/W20251?utm_campaign=ntw&utm_medium=email&utm_source=ntw

                      THE LATEST WORKING PAPERS
                   National Bureau of Economic Research
                           June 23, 2014
                                                                     
The following NBER Working Papers that match your selections
were released in electronic format during the last week.

----------------------------------------------------------------------

1.  The Real Exchange Rate in the Long Run: Balassa-Samuelson Effects Reconsidered
by Michael D. Bordo, Ehsan U. Choudhri, Giorgio Fazio, Ronald MacDonald #20228 (DAE IFM)
http://papers.nber.org/papers/W20228?utm_campaign=ntw&utm_medium=email&utm_source=ntw

2.  Globalisation, Pass-through and the Optimal Policy Response to Exchange Rates
by Michael B. Devereux, James Yetman #20252 (IFM)
http://papers.nber.org/papers/W20252?utm_campaign=ntw&utm_medium=email&utm_source=ntw

3.  Guns and Votes
by Laurent Bouton, Paola Conconi, Francisco Pino, Maurizio Zanardi #20253 (POL)
http://papers.nber.org/papers/W20253?utm_campaign=ntw&utm_medium=email&utm_source=ntw

4.  The Agglomeration of Bankruptcy
by Efraim Benmelech, Nittai Bergman, Anna Milanez, Vladimir Mukharlyamov #20254 (AP CF EFG IO LE PE)
http://papers.nber.org/papers/W20254?utm_campaign=ntw&utm_medium=email&utm_source=ntw

5.  Banks as Secret Keepers
by Tri Vi Dang, Gary Gorton, Bengt Holmstrom, Guillermo Ordonez #20255 (CF EFG ME)
http://papers.nber.org/papers/W20255?utm_campaign=ntw&utm_medium=email&utm_source=ntw

6.  Breaking the Glass Ceiling? The Effect of Board Quotas on Female Labor Market Outcomes in Norway
by Marianne Bertrand, Sandra Black, Sissel Jensen, Adriana Lleras-Muney #20256 (LS)
http://papers.nber.org/papers/W20256?utm_campaign=ntw&utm_medium=email&utm_source=ntw

7.  Extremal Quantile Regressions for Selection Models and the Black-White Wage Gap
by Xavier D'Haultfoeuille, Arnaud Maurel, Yichong Zhang #20257 (LS TWP)
http://papers.nber.org/papers/W20257?utm_campaign=ntw&utm_medium=email&utm_source=ntw

8.  Beyond Zeroes and Ones: The Intensity and Dynamics of Civil Conflict
by Stephen Chaudoin, Zachary Peskowitz, Christopher Stanton #20258 (DEV POL)
http://papers.nber.org/papers/W20258?utm_campaign=ntw&utm_medium=email&utm_source=ntw

9.  Social Networks as Contract Enforcement: Evidence from a Lab Experiment in the Field
by Arun G. Chandrasekhar, Cynthia Kinnan, Horacio Larreguy #20259 (DEV POL)
http://papers.nber.org/papers/W20259?utm_campaign=ntw&utm_medium=email&utm_source=ntw

10.  The "Business Climate" and Economic Inequality
by David Neumark, Jennifer Muz #20260 (EFG LS PE)
http://papers.nber.org/papers/W20260?utm_campaign=ntw&utm_medium=email&utm_source=ntw

11.  The Runner-Up Effect
by Santosh Anagol, Thomas Fujiwara #20261 (DEV POL)
http://papers.nber.org/papers/W20261?utm_campaign=ntw&utm_medium=email&utm_source=ntw

12.  Channeling Remittances to Education: A Field Experiment Among Migrants from El Salvador
by Kate Ambler, Diego Aycinena, Dean Yang #20262 (DEV ED)
http://papers.nber.org/papers/W20262?utm_campaign=ntw&utm_medium=email&utm_source=ntw

13.  A Comparison of Programming Languages in Economics
by S. Boragan Aruoba, Jesus Fernandez-Villaverde #20263 (EFG)
http://papers.nber.org/papers/W20263?utm_campaign=ntw&utm_medium=email&utm_source=ntw

14.  The Acquisition and Commercialization of Invention in American Manufacturing: Incidence and Impact
by Ashish Arora, Wesley M. Cohen, John P. Walsh #20264 (PR)
http://papers.nber.org/papers/W20264?utm_campaign=ntw&utm_medium=email&utm_source=ntw

15.  The Liquidity Premium of Near-Money Assets
by Stefan Nagel #20265 (AP ME)
http://papers.nber.org/papers/W20265?utm_campaign=ntw&utm_medium=email&utm_source=ntw

16.  Public Goods Provision in the Presence of Heterogeneous Green Preferences
by Mark Jacobsen, Jacob LaRiviere, Michael Price #20266 (EEE)
http://papers.nber.org/papers/W20266?utm_campaign=ntw&utm_medium=email&utm_source=ntw

17.  Mutual Assistance between Federal Reserve Banks, 1913-1960 as Prolegomena to the TARGET2 Debate
by Barry Eichengreen, Arnaud J. Mehl, Livia Chitu, Gary Richardson #20267 (DAE IFM)
http://papers.nber.org/papers/W20267?utm_campaign=ntw&utm_medium=email&utm_source=ntw

                      THE LATEST WORKING PAPERS
                   National Bureau of Economic Research
                           July 7, 2014
                                                                     
The following NBER Working Papers that match your selections
were released in electronic format during the last week.

----------------------------------------------------------------------

1.  Learning Millennial-Style
by Bruce I. Carlin, Li Jiang, Stephen A. Spiller #20268 (AP CF ED PE)
http://papers.nber.org/papers/W20268?utm_campaign=ntw&utm_medium=email&utm_source=ntw

2.  Patents and Cumulative Innovation: Causal Evidence from the Courts
by Alberto Galasso, Mark Schankerman #20269 (IO PR)
http://papers.nber.org/papers/W20269?utm_campaign=ntw&utm_medium=email&utm_source=ntw

3.  Tales from the Bretton Woods
by Michael D. Bordo #20270 (DAE)
http://papers.nber.org/papers/W20270?utm_campaign=ntw&utm_medium=email&utm_source=ntw

4.  Educational Assortative Mating and Household Income Inequality
by Lasse Eika, Magne Mogstad, Basit Zafar #20271 (LS PE)
http://papers.nber.org/papers/W20271?utm_campaign=ntw&utm_medium=email&utm_source=ntw

5.  Fertility Decline and Missing Women
by Seema Jayachandran #20272 (CH DEV)
http://papers.nber.org/papers/W20272?utm_campaign=ntw&utm_medium=email&utm_source=ntw

6.  Long-Term Unemployment and the Great Recession: The Role of Composition, Duration Dependence, and Non-Participation
by Kory Kroft, Fabian Lange, Matthew J. Notowidigdo, Lawrence F. Katz #20273 (EFG LS)
http://papers.nber.org/papers/W20273?utm_campaign=ntw&utm_medium=email&utm_source=ntw

7.  Governance, Risk Management, and Risk-Taking in Banks
by Rene M. Stulz #20274 (CF)
http://papers.nber.org/papers/W20274?utm_campaign=ntw&utm_medium=email&utm_source=ntw

8.  A Market Based Solution to Price Externalities: A Generalized Framework
by Robert Townsend, Weerachart Kilenthong #20275 (DEV IFM)
http://papers.nber.org/papers/W20275?utm_campaign=ntw&utm_medium=email&utm_source=ntw

9.  Tractable and Consistent Random Graph Models
by Arun G. Chandrasekhar, Matthew O. Jackson #20276 (DEV LS TWP)
http://papers.nber.org/papers/W20276?utm_campaign=ntw&utm_medium=email&utm_source=ntw

                      THE LATEST WORKING PAPERS
                   National Bureau of Economic Research
                           July 7, 2014
                                                                     
The following NBER Working Papers that match your selections
were released in electronic format during the last week.

----------------------------------------------------------------------

1.  Learning Millennial-Style
by Bruce I. Carlin, Li Jiang, Stephen A. Spiller #20268 (AP CF ED PE)
http://papers.nber.org/papers/W20268?utm_campaign=ntw&utm_medium=email&utm_source=ntw

2.  Patents and Cumulative Innovation: Causal Evidence from the Courts
by Alberto Galasso, Mark Schankerman #20269 (IO PR)
http://papers.nber.org/papers/W20269?utm_campaign=ntw&utm_medium=email&utm_source=ntw

3.  Tales from the Bretton Woods
by Michael D. Bordo #20270 (DAE)
http://papers.nber.org/papers/W20270?utm_campaign=ntw&utm_medium=email&utm_source=ntw

4.  Educational Assortative Mating and Household Income Inequality
by Lasse Eika, Magne Mogstad, Basit Zafar #20271 (LS PE)
http://papers.nber.org/papers/W20271?utm_campaign=ntw&utm_medium=email&utm_source=ntw

5.  Fertility Decline and Missing Women
by Seema Jayachandran #20272 (CH DEV)
http://papers.nber.org/papers/W20272?utm_campaign=ntw&utm_medium=email&utm_source=ntw

6.  Long-Term Unemployment and the Great Recession: The Role of Composition, Duration Dependence, and Non-Participation
by Kory Kroft, Fabian Lange, Matthew J. Notowidigdo, Lawrence F. Katz #20273 (EFG LS)
http://papers.nber.org/papers/W20273?utm_campaign=ntw&utm_medium=email&utm_source=ntw

7.  Governance, Risk Management, and Risk-Taking in Banks
by Rene M. Stulz #20274 (CF)
http://papers.nber.org/papers/W20274?utm_campaign=ntw&utm_medium=email&utm_source=ntw

8.  A Market Based Solution to Price Externalities: A Generalized Framework
by Robert Townsend, Weerachart Kilenthong #20275 (DEV IFM)
http://papers.nber.org/papers/W20275?utm_campaign=ntw&utm_medium=email&utm_source=ntw

9.  Tractable and Consistent Random Graph Models
by Arun G. Chandrasekhar, Matthew O. Jackson #20276 (DEV LS TWP)
http://papers.nber.org/papers/W20276?utm_campaign=ntw&utm_medium=email&utm_source=ntw

10.  Coordination and Crisis in Monetary Unions
by Mark Aguiar, Manuel Amador, Emmanuel Farhi, Gita Gopinath #20277 (EFG IFM ME)
http://papers.nber.org/papers/W20277?utm_campaign=ntw&utm_medium=email&utm_source=ntw

11.  Deposit Insurance Database
by Asli Demirguec-Kunt, Edward J. Kane, Luc Laeven #20278 (CF)
http://papers.nber.org/papers/W20278?utm_campaign=ntw&utm_medium=email&utm_source=ntw

12.  Typhoid Fever, Water Quality, and Human Capital Formation
by Brian Beach, Joseph Ferrie, Martin Saavedra, Werner Troesken #20279 (CH DAE HE)
http://papers.nber.org/papers/W20279?utm_campaign=ntw&utm_medium=email&utm_source=ntw

13.  Hotelling Under Pressure
by Soren T. Anderson, Ryan Kellogg, Stephen W. Salant #20280 (EEE IO)
http://papers.nber.org/papers/W20280?utm_campaign=ntw&utm_medium=email&utm_source=ntw

14.  Decriminalizing Indoor Prostitution: Implications for Sexual Violence and Public Health
by Scott Cunningham, Manisha Shah #20281 (HE  LS LE)
http://papers.nber.org/papers/W20281?utm_campaign=ntw&utm_medium=email&utm_source=ntw

15.  The Shorting Premium and Asset Pricing Anomalies
by Itamar Drechsler, Qingyi Freda Drechsler #20282 (AP)
http://papers.nber.org/papers/W20282?utm_campaign=ntw&utm_medium=email&utm_source=ntw

16.  The Prison Boom and the Lack of Black Progress after Smith and Welch
by Derek Neal, Armin Rick #20283 (LS)
http://papers.nber.org/papers/W20283?utm_campaign=ntw&utm_medium=email&utm_source=ntw

17.  Improving Educational Outcomes in Developing Countries: Lessons from Rigorous Evaluations
by Richard Murnane, Alejandro J. Ganimian #20284 (ED)
http://papers.nber.org/papers/W20284?utm_campaign=ntw&utm_medium=email&utm_source=ntw

18.  Liquidity Risk and U.S. Bank Lending at Home and Abroad
by Ricardo Correa, Linda S. Goldberg, Tara Rice #20285 (IFM)
http://papers.nber.org/papers/W20285?utm_campaign=ntw&utm_medium=email&utm_source=ntw

19.  Housing, Finance and the Macroeconomy
by Morris A. Davis, Stijn Van Nieuwerburgh #20287 (AP EFG PE)
http://papers.nber.org/papers/W20287?utm_campaign=ntw&utm_medium=email&utm_source=ntw

20.  Banks as Patient Fixed-Income Investors
by Samuel G. Hanson, Andrei Shleifer, Jeremy C. Stein, Robert W. Vishny #20288 (CF ME)
http://papers.nber.org/papers/W20288?utm_campaign=ntw&utm_medium=email&utm_source=ntw

21.  Who Benefits from State Corporate Tax Cuts? A Local Labor Markets Approach with Heterogeneous Firms
by Juan Carlos Suarez Serrato, Owen Zidar #20289 (LS PE PR)
http://papers.nber.org/papers/W20289?utm_campaign=ntw&utm_medium=email&utm_source=ntw

22.  What Policies Increase Prosocial Behavior? An Experiment with Referees at the Journal of Public Economics
by Raj Chetty, Emmanuel Saez, Laszlo Sandor #20290 (LS PE)
http://papers.nber.org/papers/W20290?utm_campaign=ntw&utm_medium=email&utm_source=ntw

23.  Unhappy Cities
by Edward L. Glaeser, Joshua D. Gottlieb, Oren Ziv #20291 (EFG LS)
http://papers.nber.org/papers/W20291?utm_campaign=ntw&utm_medium=email&utm_source=ntw

24.  Do "Reverse Payment" Settlements of Brand-Generic Patent Disputes in the Pharmaceutical Industry Constitute an Anticompetitive Pay for Delay?
by Keith M. Drake, Martha A. Starr, Thomas McGuire #20292 (HC LE)
http://papers.nber.org/papers/W20292?utm_campaign=ntw&utm_medium=email&utm_source=ntw

25.  A Model of Dynamic Limit Pricing with an Application to the Airline Industry
by Christopher Gedge, James W. Roberts, Andrew Sweeting #20293 (IO)
http://papers.nber.org/papers/W20293?utm_campaign=ntw&utm_medium=email&utm_source=ntw

26.  Forward and Spot Exchange Rates in a Multi-currency World
by Tarek A. Hassan, Rui C. Mano #20294 (AP IFM ITI)
http://papers.nber.org/papers/W20294?utm_campaign=ntw&utm_medium=email&utm_source=ntw

27.  Do Pharmacists Buy Bayer? Informed Shoppers and the Brand Premium
by Bart J. Bronnenberg, Jean-Pierre Dube, Matthew Gentzkow, Jesse M. Shapiro #20295 (IO)
http://papers.nber.org/papers/W20295?utm_campaign=ntw&utm_medium=email&utm_source=ntw

28.  The Value of Brownfield Remediation
by Kevin Haninger, Lala Ma, Christopher Timmins #20296 (EEE)
http://papers.nber.org/papers/W20296?utm_campaign=ntw&utm_medium=email&utm_source=ntw

29.  Financial Literacy and Retirement Planning in Canada
by David Boisclair, Annamaria Lusardi, Pierre-Carl Michaud #20297 (AG)
http://papers.nber.org/papers/W20297?utm_campaign=ntw&utm_medium=email&utm_source=ntw

30.  How Persistent Are Consumption Habits? Micro-Evidence from Russia's Alcohol Market
by Lorenz Kueng, Evgeny Yakovelv #20298 (AG AP EFG HE PE)
http://papers.nber.org/papers/W20298?utm_campaign=ntw&utm_medium=email&utm_source=ntw

31.  The Fiscal Cost of Weak Governance: Evidence from Teacher Absence in India
by Karthik Muralidharan, Jishnu Das, Alaka Holla, Aakash Mohpal #20299 (DEV ED LS PE)
http://papers.nber.org/papers/W20299?utm_campaign=ntw&utm_medium=email&utm_source=ntw

32.  Employee Satisfaction, Labor Market Flexibility, and Stock Returns Around The World
by Alex Edmans, Lucius Li, Chendi Zhang #20300 (CF LE LS)
http://papers.nber.org/papers/W20300?utm_campaign=ntw&utm_medium=email&utm_source=ntw

33.  Inducing Leaders to Take Risky Decisions:  Dismissal, Tenure, and Term Limits
by Philippe Aghion, Matthew Jackson #20301 (  POL)
http://papers.nber.org/papers/W20301?utm_campaign=ntw&utm_medium=email&utm_source=ntw

34.  The Impact of Rainfall on Rice Output in Indonesia
by David I. Levine, Dean Yang #20302 (DEV)
http://papers.nber.org/papers/W20302?utm_campaign=ntw&utm_medium=email&utm_source=ntw

                     THE LATEST WORKING PAPERS
                   National Bureau of Economic Research
                           July 14, 2014
                                                                     
The following NBER Working Papers that match your selections
were released in electronic format during the last week.

----------------------------------------------------------------------

1.  International Banking and Liquidity Risk Transmission:  Lessons from Across Countries
by Claudia Buch, Linda S. Goldberg #20286 (IFM)
http://papers.nber.org/papers/W20286?utm_campaign=ntw&utm_medium=email&utm_source=ntw

2.  Identifying Long-Run Risks: A Bayesian Mixed-Frequency Approach
by Frank Schorfheide, Dongho Song, Amir Yaron #20303 (AP EFG ME)
http://papers.nber.org/papers/W20303?utm_campaign=ntw&utm_medium=email&utm_source=ntw

3.  Holy Cows or Cash Cows?
by Orazio Attanasio, Britta Augsburg #20304 (DEV EFG)
http://papers.nber.org/papers/W20304?utm_campaign=ntw&utm_medium=email&utm_source=ntw

4.  Firms' Sickness Costs and Workers' Sickness Absences
by Rene Boeheim, Thomas Leoni #20305 (AG)
http://papers.nber.org/papers/W20305?utm_campaign=ntw&utm_medium=email&utm_source=ntw

5.  The Persistence and Heterogeneity of Health among Older Americans
by Florian Heiss, Steven F. Venti, David A. Wise #20306 (AG)
http://papers.nber.org/papers/W20306?utm_campaign=ntw&utm_medium=email&utm_source=ntw

6.  The Micro and Macro of Disappearing Routine Jobs: A Flows Approach
by Guido Matias Cortes, Nir Jaimovich, Christopher J. Nekarda, Henry E. Siu #20307 (EFG LS)
http://papers.nber.org/papers/W20307?utm_campaign=ntw&utm_medium=email&utm_source=ntw

7.  Expanding the School Breakfast Program: Impacts on Children's Consumption, Nutrition and Health
by Diane Whitmore Schanzenbach, Mary Zaki #20308 (CH ED PE)
http://papers.nber.org/papers/W20308?utm_campaign=ntw&utm_medium=email&utm_source=ntw

8.  Social Structure and Institutional Design: Evidence from a Lab Experiment in the Field
by Emily Breza, Arun G. Chandrasekhar, Horacio Larreguy #20309 (DEV POL)
http://papers.nber.org/papers/W20309?utm_campaign=ntw&utm_medium=email&utm_source=ntw

9.  Loans on Sale: Credit Market Seasonality, Borrower Need, and Lender Rent Seeking
by Justin Murfin, Mitchell Petersen #20310 (CF IO)
http://papers.nber.org/papers/W20310?utm_campaign=ntw&utm_medium=email&utm_source=ntw

10.  An Econometric Evaluation of Competing Explanations for The Midterm Gap
by Brian G. Knight #20311 (POL)
http://papers.nber.org/papers/W20311?utm_campaign=ntw&utm_medium=email&utm_source=ntw

11.  Serial Entrepreneurship: Learning by Doing?
by Francine Lafontaine, Kathryn Shaw #20312 (LS PR)
http://papers.nber.org/papers/W20312?utm_campaign=ntw&utm_medium=email&utm_source=ntw

12.  Do Large Modern Retailers Pay Premium Wages?
by Brianna Cardiff-Hicks, Francine Lafontaine, Kathryn Shaw #20313 (LS)
http://papers.nber.org/papers/W20313?utm_campaign=ntw&utm_medium=email&utm_source=ntw

13.  A Model of the Twin Ds: Optimal Default and Devaluation
by Seunghoon Na, Stephanie Schmitt-Grohe, Martin Uribe, Vivian Z. Yue #20314 (EFG IFM ME)
http://papers.nber.org/papers/W20314?utm_campaign=ntw&utm_medium=email&utm_source=ntw

14.  Corruption, Intimidation, and Whistle-blowing: a Theory of Inference from Unverifiable Reports
by Sylvain Chassang, Gerard Padro i Miquel #20315 (DEV POL)
http://papers.nber.org/papers/W20315?utm_campaign=ntw&utm_medium=email&utm_source=ntw

15.  A Surplus of Ambition: Can Europe Rely on Large Primary Surpluses to Solve its Debt Problem?
by Barry Eichengreen, Ugo Panizza #20316 (IFM)
http://papers.nber.org/papers/W20316?utm_campaign=ntw&utm_medium=email&utm_source=ntw

16.  The Gradients of Power: Evidence from the Chinese Housing Market
by Hanming Fang, Quanlin Gu, Li-An Zhou #20317 (PE)
http://papers.nber.org/papers/W20317?utm_campaign=ntw&utm_medium=email&utm_source=ntw

17.  Applying Insights from Behavioral Economics to Policy Design
by Brigitte C. Madrian #20318 (AG CH DEV ED EEE HC HE LE LS PE)
http://papers.nber.org/papers/W20318?utm_campaign=ntw&utm_medium=email&utm_source=ntw

18.  Risk and Ambiguity in Models of Business Cycles
by David Backus, Axelle Ferriere, Stanley Zin #20319 (AP EFG)
http://papers.nber.org/papers/W20319?utm_campaign=ntw&utm_medium=email&utm_source=ntw

19.  Time Preferences and Consumer Behavior
by David Bradford, Charles Courtemanche, Garth Heutel, Patrick McAlvanah, Christopher Ruhm #20320 (EEE HE)
http://papers.nber.org/papers/W20320?utm_campaign=ntw&utm_medium=email&utm_source=ntw

20.  When Incentives Matter Too Much: Explaining Significant Responses to Irrelevant Information
by Thomas Ahn, Jacob L. Vigdor #20321 (ED LS)
http://papers.nber.org/papers/W20321?utm_campaign=ntw&utm_medium=email&utm_source=ntw

                      THE LATEST WORKING PAPERS
                   National Bureau of Economic Research
                           July 28, 2014
                                                                     
The following NBER Working Papers that match your selections
were released in electronic format during the last week.

----------------------------------------------------------------------

1.  Trade Liberalization, Quality, and Export Prices
by Haichao Fan, Yao Amber Li, Stephen R. Yeaple #20323 (ITI)
http://papers.nber.org/papers/W20323?utm_campaign=ntw&utm_medium=email&utm_source=ntw

2.  Presidents and the U.S. Economy: An Econometric Exploration
by Alan S. Blinder, Mark W. Watson #20324 (EFG)
http://papers.nber.org/papers/W20324?utm_campaign=ntw&utm_medium=email&utm_source=ntw

3.  Finite Population Causal Standard Errors
by Alberto Abadie, Susan Athey, Guido W. Imbens, Jeffrey M. Wooldridge #20325 (IO LS PE)
http://papers.nber.org/papers/W20325?utm_campaign=ntw&utm_medium=email&utm_source=ntw

4.  Growth, Import Dependence and War
by Roberto Bonfatti, Kevin Hjortshoj O'Rourke #20326 (DAE ITI)
http://papers.nber.org/papers/W20326?utm_campaign=ntw&utm_medium=email&utm_source=ntw

5.  Barriers to Electrification for "Under Grid" Households in Rural Kenya
by Kenneth Lee, Eric Brewer, Carson Christiano, Francis Meyo, Edward Miguel, Matthew Podolsky, Javier Rosa, Catherine Wolfram #20327 (DEV EEE)
http://papers.nber.org/papers/W20327?utm_campaign=ntw&utm_medium=email&utm_source=ntw

6.  Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies for the Macroeconomy
by YiLi Chien, Harold L. Cole, Hanno Lustig #20328 (EFG)
http://papers.nber.org/papers/W20328?utm_campaign=ntw&utm_medium=email&utm_source=ntw

7.  Should Student Employment Be Subsidized? Conditional Counterfactuals and the Outcomes of Work-Study Participation
by Judith Scott-Clayton, Veronica Minaya #20329 (ED LS)
http://papers.nber.org/papers/W20329?utm_campaign=ntw&utm_medium=email&utm_source=ntw

8.  Non-Adherence In Health Care: A Positive and Normative Analysis
by Mark Egan, Tomas J. Philipson #20330 (HC HE)
http://papers.nber.org/papers/W20330?utm_campaign=ntw&utm_medium=email&utm_source=ntw

9.  Measuring the Unequal Gains from Trade
by Pablo D. Fajgelbaum, Amit K. Khandelwal #20331 (ITI)
http://papers.nber.org/papers/W20331?utm_campaign=ntw&utm_medium=email&utm_source=ntw

10.  Medical Marijuana Laws and Teen Marijuana Use
by D. Mark Anderson, Benjamin Hansen, Daniel I. Rees #20332 (CH HE LE)
http://papers.nber.org/papers/W20332?utm_campaign=ntw&utm_medium=email&utm_source=ntw

11.  A Model to Evaluate Vehicle Emission Incentive Policies in Japan
by Don Fullerton, Li Gan, Miwa Hattori #20333 (EEE PE)
http://papers.nber.org/papers/W20333?utm_campaign=ntw&utm_medium=email&utm_source=ntw

12.  Multiple Pollutants, Uncovered Sectors, and Suboptimal Environmental Policies
by Don Fullerton, Daniel H. Karney #20334 (EEE PE)
http://papers.nber.org/papers/W20334?utm_campaign=ntw&utm_medium=email&utm_source=ntw

13.  The Macroeconomics of Shadow Banking
by Alan Moreira, Alexi Savov #20335 (AP EFG ME)
http://papers.nber.org/papers/W20335?utm_campaign=ntw&utm_medium=email&utm_source=ntw

14.  Capital Market Financing, Firm Growth, Firm Size Distribution
by Tatiana Didier, Ross Levine, Sergio L. Schmukler #20336 (CF IFM ITI)
http://papers.nber.org/papers/W20336?utm_campaign=ntw&utm_medium=email&utm_source=ntw

15.  Is the Time Allocated to Review Patent Applications Inducing Examiners to Grant Invalid Patents?: Evidence from Micro-Level Application Data
by Michael D. Frakes, Melissa F. Wasserman #20337 (LE PR)
http://papers.nber.org/papers/W20337?utm_campaign=ntw&utm_medium=email&utm_source=ntw

16.  An Exploration of the International Comparison Program's New Global Economic Landscape
by Martin Ravallion #20338 (DEV ME)
http://papers.nber.org/papers/W20338?utm_campaign=ntw&utm_medium=email&utm_source=ntw

17.  Inflating Away the Public Debt? An Empirical Assessment
by Jens Hilscher, Alon Raviv, Ricardo Reis #20339 (AP EFG ME)
http://papers.nber.org/papers/W20339?utm_campaign=ntw&utm_medium=email&utm_source=ntw

18.  Information, Misallocation and Aggregate Productivity
by Joel M. David, Hugo A. Hopenhayn, Venky Venkateswaran #20340 (DEV EFG PR)
http://papers.nber.org/papers/W20340?utm_campaign=ntw&utm_medium=email&utm_source=ntw

19.  An Empirical Model of Network Formation: Detecting Homophily When Agents Are Heterogenous
by Bryan S. Graham #20341 (DEV IO LS TWP)
http://papers.nber.org/papers/W20341?utm_campaign=ntw&utm_medium=email&utm_source=ntw

20.  Broken or Fixed Effects?
by Charles E. Gibbons, Juan Carlos Suarez Serrato, Michael B. Urbancic #20342 (LS PE)
http://papers.nber.org/papers/W20342?utm_campaign=ntw&utm_medium=email&utm_source=ntw