The following NBER Working Papers were released in electronic format this week. Abbreviations in parentheses refer to NBER Research Programs. (visit http://www.nber.org/programs.html for Program information.)
1. Windfall Gains and Stock Market Participation by Joseph S. Briggs, David Cesarini, Erik Lindqvist, Robert Ostling #21673 (AP) http://papers.nber.org/papers/w21673?utm_campaign=ntw&utm_medium=email&utm_source=ntw
2. Global Imbalances and Currency Wars at the ZLB. by Ricardo J. Caballero, Emmanuel Farhi, Pierre-Olivier Gourinchas #21670 (AP EFG IFM ME) http://papers.nber.org/papers/w21670?utm_campaign=ntw&utm_medium=email&utm_source=ntw
3. Streaming Reaches Flood Stage: Does Spotify Stimulate or Depress Music Sales? by Luis Aguiar, Joel Waldfogel #21653 (IO LE) http://papers.nber.org/papers/w21653?utm_campaign=ntw&utm_medium=email&utm_source=ntw
4. Exchange Market Pressure in OECD and Emerging Economies: Domestic vs. External Factors and Capital Flows in the Old and New Normal by Joshua Aizenman, Mahir Binici #21662 (IFM) http://papers.nber.org/papers/w21662?utm_campaign=ntw&utm_medium=email&utm_source=ntw
5. Is It Harder for Older Workers to Find Jobs? New and Improved Evidence from a Field Experiment by David Neumark, Ian Burn, Patrick Button #21669 (AG LE LS PE) http://papers.nber.org/papers/w21669?utm_campaign=ntw&utm_medium=email&utm_source=ntw
6. Economic Cycles in Ancient China by Yaguang Zhang, Guo Fan, John Whalley #21672 (EFG) http://papers.nber.org/papers/w21672?utm_campaign=ntw&utm_medium=email&utm_source=ntw
7. House Prices and Consumer Spending by David Berger, Veronica Guerrieri, Guido Lorenzoni, Joseph Vavra #21667 (CF EFG LS ME PE) http://papers.nber.org/papers/w21667?utm_campaign=ntw&utm_medium=email&utm_source=ntw
8. Political Economy of Debt and Growth by Marco Battaglini, Levon Barseghyan #21660 (PE POL) http://papers.nber.org/papers/w21660?utm_campaign=ntw&utm_medium=email&utm_source=ntw
9. Evaluating Public Programs with Close Substitutes: The Case of Head Start by Patrick Kline, Christopher Walters #21658 (CH ED LS PE TWP) http://papers.nber.org/papers/w21658?utm_campaign=ntw&utm_medium=email&utm_source=ntw
10. The Welfare Effects of Nudges: A Case Study of Energy Use Social Comparisons by Hunt Allcott, Judd B. Kessler #21671 (EEE PE) http://papers.nber.org/papers/w21671?utm_campaign=ntw&utm_medium=email&utm_source=ntw
11. The Coming Wave: Where Do Emerging Market Investors Put Their Money? by G. Andrew Karolyi, David T. Ng, Eswar S. Prasad #21661 (IFM) http://papers.nber.org/papers/w21661?utm_campaign=ntw&utm_medium=email&utm_source=ntw
12. The Pitfalls of External Dependence: Greece, 1829-2015 by Carmen M. Reinhart, Christoph Trebesch #21664 (IFM ME) http://papers.nber.org/papers/w21664?utm_campaign=ntw&utm_medium=email&utm_source=ntw
13. The Analysis of Field Choice in College and Graduate School: Determinants and Wage Effects by Joseph G. Altonji, Peter Arcidiacono, Arnaud Maurel #21655 (ED LS PE) http://papers.nber.org/papers/w21655?utm_campaign=ntw&utm_medium=email&utm_source=ntw
14. Do Employers Prefer Migrant Workers? Evidence from a Chinese Job Board by Peter Kuhn, Kailing Shen #21675 (LS) http://papers.nber.org/papers/w21675?utm_campaign=ntw&utm_medium=email&utm_source=ntw
15. Business in the United States: Who Owns it and How Much Tax Do They Pay? by Michael Cooper, John McClelland, James Pearce, Richard Prisinzano, Joseph Sullivan, Danny Yagan, Owen Zidar, Eric Zwick #21651 (CF IO PE) http://papers.nber.org/papers/w21651?utm_campaign=ntw&utm_medium=email&utm_source=ntw
16. Local Instruments, Global Extrapolation: External Validity of the Labor Supply-Fertility Local Average Treatment Effect by James Bisbee, Rajeev Dehejia, Cristian Pop-Eleches, Cyrus Samii #21663 (CH LS)
http://papers.nber.org/papers/w21663?utm_campaign=ntw&utm_medium=email&utm_source=ntw
17. How Do Patents Affect Follow-On Innovation? Evidence from the Human Genome by Bhaven Sampat, Heidi L. Williams #21666 (AG HC IO LE PE PR) http://papers.nber.org/papers/w21666?utm_campaign=ntw&utm_medium=email&utm_source=ntw
18. The Effect of Public Funding on Research Output: the New Zealand Marsden Fund by Jason Gush, Adam B. Jaffe, Victoria Larsen, Athene Laws #21652 (PE PR) http://papers.nber.org/papers/w21652?utm_campaign=ntw&utm_medium=email&utm_source=ntw
19. Using Linked Survey and Administrative Data to Better Measure Income: Implications for Poverty, Program Effectiveness and Holes in the Safety Net by Bruce D. Meyer, Nikolas Mittag #21676 (AG CH LS PE) http://papers.nber.org/papers/w21676?utm_campaign=ntw&utm_medium=email&utm_source=ntw
20. Employment and Training Programs by Burt S. Barnow, Jeffrey Smith #21659 (LS PE) http://papers.nber.org/papers/w21659?utm_campaign=ntw&utm_medium=email&utm_source=ntw
21. Effects of Payment Reform in More versus Less Competitive Markets by Neeraj Sood, Abby Alpert, Kayleigh Barnes, Peter Huckfeldt, Jose Escarce #21654 (HC HE) http://papers.nber.org/papers/w21654?utm_campaign=ntw&utm_medium=email&utm_source=ntw
22. Income Inequality and Asset Prices under Redistributive Taxation by Lubos Pastor, Pietro Veronesi #21668 (AP LS PE) http://papers.nber.org/papers/w21668?utm_campaign=ntw&utm_medium=email&utm_source=ntw
23. Do Students Know Best? Choice, Classroom Time, and Academic Performance by Theodore J. Joyce, Sean Crockett, David A. Jaeger, Onur Altindag, Stephen D. O’Connell, Dahlia K. Remler #21656 (ED HE PE) http://papers.nber.org/papers/w21656?utm_campaign=ntw&utm_medium=email&utm_source=ntw
24. Do Employer Pension Contributions Reflect Employee Preferences? Evidence from a Retirement Savings Reform in Denmark by Itzik Fadlon, Jessica A. Laird, Torben Heien Nielsen #21665 (AG LS PE) http://papers.nber.org/papers/w21665?utm_campaign=ntw&utm_medium=email&utm_source=ntw
25. Measuring Changes in the Bilateral Technology Gaps between China, India and the U.S. 1979 – 2008 by Keting Shen, John Whalley #21657 (DEV PR) http://papers.nber.org/papers/w21657?utm_campaign=ntw&utm_medium=email&utm_source=ntw
26. The Welfare Gains from Macro-Insurance Against Natural Disasters by Eduardo Borensztein, Eduardo Cavallo, Olivier Jeanne #21674 (IFM) http://papers.nber.org/papers/w21674?utm_campaign=ntw&utm_medium=email&utm_source=ntw
Courtesy: NBER
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