Working Papers

2006 | 2007 | 2008

2009
WP-2009-10	The Life and Times of Nicolas Dutot François Velde Abstract \| Working Paper (PDF,966KB)
WP-2009-09	Pay for Percentile Gadi Barlevy Derek Neal Abstract \| Working Paper (PDF,444KB)
WP-2009-08	Perverse Incentives at the Banks? Evidence from a Natural Experiment Sumit Agarwal Faye H. Wang Abstract \| Working Paper (PDF,263KB)
WP-2009-07	Do Financial Counseling Mandates Improve Mortgage Choice and Performance? Evidence from a Legislative Experiment Sumit Agarwal Gene Amromin Itzhak Ben-David Souphala Chomsisengphet Douglas D. Evanoff Abstract \| Working Paper (PDF,615KB)
WP-2009-06	CEO Overconfidence and Dividend Policy Sanjay Deshmukh Anand M. Goel Keith M. Howe Abstract \| Working Paper (PDF,426KB)
WP-2009-05	The Effect of Disability Insurance Receipt on Labor Supply Eric French Jae Song Abstract \| Working Paper (PDF,283KB)
WP-2009-04	Stochastic Volatility Torben G. Andersen Luca Benzoni Abstract \| Working Paper (PDF,481KB)
WP-2009-03	Using Stock Returns to Identify Government Spending Shocks (REVISED September, 2009) Jonas D. M. Fisher Ryan Peters Abstract \| Working Paper (PDF,397KB)
WP-2009-02	Why do the Elderly Save? The Role of Medical Expenses Mariacristina De Nardi Eric French John Bailey Jones Abstract \| Working Paper (PDF,1074KB)
WP-2009-01	Why Has Home Ownership Fallen Among the Young? Jonas D. M. Fisher Martin Gervais Abstract \| Working Paper (PDF,394KB)
2008
WP-2008-21	Public Investment and Budget Rules for State vs. Local Governments Marco Bassetto Abstract \| Working Paper (PDF,263KB)
WP-2008-20	Birth Cohort and the Black-White Achievement Gap: The Roles of Access and Health Soon After Birth (REVISED June, 2009) Kenneth Y. Chay Jonathan Guryan Bhashkar Mazumder Abstract \| Working Paper (PDF,1752KB)
WP-2008-19	Remittance Behavior among New U.S. Immigrants (REVISED December, 2008) Katherine xMeckel Abstract \| Working Paper (PDF,324KB)
WP-2008-18	Life Expectancy and Old Age Savings (REVISED January, 2009) Mariacristina De Nardi Eric French John Bailey Jones Abstract \| Working Paper (PDF,190KB)
WP-2008-17	Bank Crises and Investor Confidence Una Okonkwo Osili Anna Paulson Abstract \| Working Paper (PDF,1143KB)
WP-2008-16	The Role of Lenders in the Home Price Boom Richard J. Rosen Abstract \| Working Paper (PDF,163KB)
WP-2008-15	Revenue Bubbles and Structural Deficits: What’s a State to Do? Rick Mattoon Leslie McGranahan Abstract \| Working Paper (PDF,323KB)
WP-2008-14	Realized Volatility Torben G. Andersen Luca Benzoni Abstract \| Working Paper (PDF,241KB)
WP-2008-13	New Vehicle Characteristics and the Cost of the Corporate Average Fuel Economy Standard Thomas H. Klier Joshua Linn Abstract \| Working Paper (PDF,187KB)
WP-2008-12	Investment Shocks and Business Cycles Alejandro Justiniano Giorgio E. Primiceri Andrea Tambalotti Abstract \| Working Paper (PDF,485KB)
WP-2008-11	Consumer Choice and Merchant Acceptance of Payment Media (REVISED September, 2009) Wilko Bolt Sujit Chakravorti Abstract \| Working Paper (PDF,430KB)
WP-2008-10	The Choice between Arm’s-Length and Relationship Debt: Evidence from eLoans Sumit Agarwal Robert Hauswald Abstract \| Working Paper (PDF,333KB)
WP-2008-09	Does It Pay to Read Your Junk Mail? Evidence of the Effect of Advertising on Home Equity Credit Choices (REVISED November, 2008) Sumit Agarwal Brent W. Ambrose Abstract \| Working Paper (PDF,408KB)
WP-2008-08	School Vouchers and Student Achievement: Recent Evidence, Remaining Questions Lisa Barrow Cecilia Elena Rouse Abstract \| Working Paper (PDF,225KB)
WP-2008-07	Inventories, Lumpy Trade, and Large Devaluations George Alessandria Joseph Kaboski Virgiliu Midrigan Abstract \| Working Paper (PDF,536KB)
WP-2008-06	Scale and the Origins of Structural Change Francisco J. Buera Joseph Kaboski Abstract \| Working Paper (PDF,423KB)
WP-2008-05	Global Inflation Matteo Ciccarelli Benoît Mojon Abstract \| Working Paper (PDF,310KB)
WP-2008-04	Bank Lending, Financing Constraints and SME Investment Santiago Carbó Valverde Francisco Rodríguez-Fernández Gregory F. Udell Abstract \| Working Paper (PDF,240KB)
WP-2008-03	BankCaR (Bank Capital-at-Risk): A Credit Risk Model for US Commercial Bank Charge-offs Jon Frye Eduard Pelz Abstract \| Working Paper (PDF,321KB)
WP-2008-02	Displacement, Asymmetric Information and Heterogeneous Human Capital Luojia Hu Christopher Taber Abstract \| Working Paper (PDF,305KB)
WP-2008-01	A Leverage-based Model of Speculative Bubbles Gadi Barlevy Abstract \| Working Paper (PDF,511KB)
2007
WP-2007-24	The Impact of Mexican Immigrants on U.S. Wage Structure Maude Toussaint-Comeau Abstract \| Working Paper (PDF,234KB)
WP-2007-23	The Spending and Debt Response to Minimum Wage Hikes (REVISED December, 2008) Daniel Aaronson Sumit Agarwal Eric French Abstract \| Working Paper (PDF,577KB)
WP-2007-22	Health Capital and the Prenatal Environment: The Effect of Maternal Fasting During Pregnancy (REVISED November, 2009) Douglas Almond Bhashkar Mazumder Abstract \| Working Paper (PDF,2658KB)
WP-2007-21	Cyclical Dumping and US Antidumping Protection: 1980-2001 (REVISED March, 2009) Meredith Crowley Abstract \| Working Paper (PDF,576KB)
WP-2007-20	A Conversation with 590 Nascent Entrepreneurs Jeffrey R. Campbell Mariacristina De Nardi Abstract \| Working Paper (PDF,278KB)
WP-2007-19	Demand Volatility and the Lag between the Growth of Temporary and Permanent Employment Sainan Jin Yukako Ono Qinghua Zhang Abstract \| Working Paper (PDF,199KB)
WP-2007-18	The Widow’s Offering: Inheritance, Family Structure, and the Charitable Gifts of Women Leslie McGranahan Abstract \| Working Paper (PDF,198KB)
WP-2007-17	Technology’s Edge: The Educational Benefits of Computer-Aided Instruction Lisa Barrow Lisa Markham Cecilia Elena Rouse Abstract \| Working Paper (PDF,617KB)
WP-2007-16	Establishments Dynamics and Matching Frictions in Classical Competitive Equilibrium Marcelo Veracierto Abstract \| Working Paper (PDF,1153KB)
WP-2007-15	First-Time Home Buyers and Residential Investment Volatility Jonas D. M. Fisher Martin Gervais Abstract \| Working Paper (PDF,395KB)
WP-2007-14	Labor Market Transitions and Self-Employment Ellen Rissman Abstract \| Working Paper (PDF,224KB)
WP-2007-13	How the Credit Channel Works: Differentiating the Bank Lending Channel and the Balance Sheet Channel Lamont K. Black Richard J. Rosen Abstract \| Working Paper (PDF,222KB)
WP-2007-12	Nonparametric Analysis of Intergenerational Income Mobility with Application to the United States (REVISED June, 2009) Debopam Bhattacharya Bhashkar Mazumder Abstract \| Working Paper (PDF,1035KB)
WP-2007-11	Portfolio Choice over the Life-Cycle when the Stock and Labor Markets are Cointegrated Luca Benzoni Pierre Collin-Dufresne Robert S. Goldstein Abstract \| Working Paper (PDF,475KB)
WP-2007-10	The Reaction of Consumer Spending and Debt to Tax Rebates – Evidence from Consumer Credit Data (REVISED December 2007) Sumit Agarwal Chunlin Liu Nicholas S. Souleles Abstract \| Working Paper (PDF,1090KB)
WP-2007-09	Conflict of Interest and Certification in the U.S. IPO Market Luca Benzoni Carola Schenone Abstract \| Working Paper (PDF,289KB)
WP-2007-08	Estate Taxation, Entrepreneurship, and Wealth Marco Cagetti Mariacristina De Nardi Abstract \| Working Paper (PDF,305KB)
WP-2007-07	Monetary Policy, Output Composition and the Great Moderation Benoît Mojon Abstract \| Working Paper (PDF,305KB)
WP-2007-06	Information Acquisition in Financial Markets: a Correction Gadi Barlevy Pietro Veronesi Abstract \| Working Paper (PDF,291KB)
WP-2007-05	The Age of Reason: Financial Decisions Over the Lifecycle Sumit Agarwal John C. Driscoll Xavier Gabaix David Laibson Abstract \| Working Paper (PDF,377KB)
WP-2007-04	Debit Card and Cash Usage: A Cross-Country Analysis Gene Amromin Sujit Chakravorti Abstract \| Working Paper (PDF,361KB)
WP-2007-03	Assessing a Decade of Interstate Bank Branching Christian A. Johnson Tara Rice Abstract \| Working Paper (PDF,171KB)
WP-2007-02	Fast Micro and Slow Macro: Can Aggregation Explain the Persistence of Inflation? Filippo Altissimo Benoît Mojon Paolo Zaffaroni Abstract \| Working Paper (PDF,291KB)
WP-2007-01	Risk Taking and the Quality of Informal Insurance: Gambling and Remittances in Thailand Douglas L. Miller Anna Paulson Abstract \| Working Paper (PDF,117KB)
2006
WP-2006-29	Duopoly Dynamics with a Barrier to Entry (REVISED April, 2007) Jaap H. Abbring Jeffrey R. Campbell Abstract \| Working Paper (PDF,619KB)
WP-2006-28	Last-In First-Out Oligopoly Dynamics (REVISED January, 2009) Jaap H. Abbring Jeffrey R. Campbell Abstract \| Working Paper (PDF,506KB)
WP-2006-27	Welfare Implications of the Transition to High Household Debt Jeffrey R. Campbell Zvi Hercowitz Abstract \| Working Paper (PDF,317KB)
WP-2006-26	Bank Imputed Interest Rates: Unbiased Estimates of Offered Rates? Evren Örs Tara Rice Abstract \| Working Paper (PDF,779KB)
WP-2006-25	What Can We Learn about Financial Access from U.S. Immigrants? Una Okonkwo Osili Anna Paulson Abstract \| Working Paper (PDF,598KB)
WP-2006-24	Manufacturing Plants’ Use of Temporary Workers: An Analysis Using Census Micro Data Yukako Ono Daniel G. Sullivan Abstract \| Working Paper (PDF,215KB)
WP-2006-23	How Did Schooling Laws Improve Long-Term Health and Lower Mortality? (REVISED January, 2007) Bhashkar Mazumder Abstract \| Working Paper (PDF,245KB)
WP-2006-22	The Agreement on Subsidies and Countervailing Measures: Tying One's Hand through the WTO Meredith Crowley Abstract \| Working Paper (PDF,384KB)
WP-2006-21	Mortality, Mass-Layoffs, and Career Outcomes: An Analysis using Administrative Data (REVISED November, 2007) Daniel G. Sullivan Till von Wachter Abstract \| Working Paper (PDF,421KB)
WP-2006-20	Evolving Agglomeration in the U.S. Auto Supplier Industry Thomas H. Klier Daniel McMillen Abstract \| Working Paper (PDF,707KB)
WP-2006-19	How Professional Forecasters View Shocks to GDP Spencer Krane Abstract \| Working Paper (PDF,397KB)
WP-2006-18	Will Writing and Bequest Motives: Early 20th Century Irish Evidence Leslie McGranahan Abstract \| Working Paper (PDF,649KB)
WP-2006-17	How Did the 2003 Dividend Tax Cut Affect Stock Prices? Gene Amromin Paul Harrison Steven Sharpe Abstract \| Working Paper (PDF,634KB)
WP-2006-16	Transforming Payment Choices by Doubling Fees on the Illinois Tollway Gene Amromin Carrie Jankowski Richard Porter Abstract \| Working Paper (PDF,738KB)
WP-2006-15	Do Bonds Span Volatility Risk in the U.S. Treasury Market? A Specification Test for Affine Term Structure Models Torben G. Andersen Luca Benzoni Abstract \| Working Paper (PDF,1212KB)
WP-2006-14	Eat or Be Eaten: A Theory of Mergers and Firm Size Gary Gorton Matthias Kahl Richard J. Rosen Abstract \| Working Paper (PDF,207KB)
WP-2006-13	Female Offenders Use of Social Welfare Programs Before and After Jail and Prison: Does Prison Cause Welfare Dependency? Kristin Butcher Robert J. LaLonde Abstract \| Working Paper (PDF,465KB)
WP-2006-12	Chronicles of a Deflation Unforetold François Velde Abstract \| Working Paper (PDF,1370KB)
WP-2006-11	Do Consumers Choose the Right Credit Contracts? Sumit Agarwal Souphala Chomsisengphet Chunlin Liu Nicholas S. Souleles Abstract \| Working Paper (PDF,407KB)
WP-2006-10	Two Flaws In Business Cycle Accounting Lawrence J. Christiano Joshua M. Davis Abstract \| Working Paper (PDF,943KB)
WP-2006-09	Mergers and Risk Craig H. Furfine Richard J. Rosen Abstract \| Working Paper (PDF,687KB)
WP-2006-08	A New Social Compact: How University Engagement Can Fuel Innovation Larry Isaak Rick Mattoon Laura Melle Abstract \| Working Paper (PDF,735KB)
WP-2006-07	Taxation, Entrepreneurship, and Wealth Marco Cagetti Mariacristina De Nardi Abstract \| Working Paper (PDF,345KB)
WP-2006-06	Why are safeguards needed in a trade agreement? (REVISED December 2007) Meredith Crowley Abstract \| Working Paper (PDF,203KB)
WP-2006-05	The Tradeoff between Mortgage Prepayments and Tax-Deferred Retirement Savings Gene Amromin Jennifer Huang Clemens Sialm Abstract \| Working Paper (PDF,320KB)
WP-2006-04	Tax Riots Marco Bassetto Christopher Phelan Abstract \| Working Paper (PDF,499KB)
WP-2006-03	Identification of Search Models with Initial Condition Problems Gadi Barlevy H. N. Nagaraja Abstract \| Working Paper (PDF,686KB)
WP-2006-02	Redistribution, Taxes, and the Median Voter Marco Bassetto Jess Benhabib Abstract \| Working Paper (PDF,329KB)
WP-2006-01	U.S. Corporate and Bank Insolvency Regimes: An Economic Comparison and Evaluation Robert R. Bliss George Kaufman Abstract \| Working Paper (PDF,564KB)