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National Bureau of Economic Research Latest Working Papers during the week of May 22, 2017

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 for Program information.)

1.  Is Preventive Care Worth the Cost? Evidence from Mandatory Checkups in Japan by Toshiaki Iizuka, Katsuhiko Nishiyama, Brian Chen, Karen Eggleston #23413 (HC HE) http://papers.nber.org/papers/w23413?utm_campaign=ntw&utm_medium=email&utm_source=ntw

2.  Gender Differences in the Benefits of an Influential Early Childhood Program by Jorge Luis Garcia, James J. Heckman, Anna L. Ziff #23412 (CH ED) http://papers.nber.org/papers/w23412?utm_campaign=ntw&utm_medium=email&utm_source=ntw

3.  Deterrence and the Optimal Use of Prison, Parole, and Probation by A. Mitchell Polinsky, Paul N. Riskind #23436 (LE PE) http://papers.nber.org/papers/w23436?utm_campaign=ntw&utm_medium=email&utm_source=ntw

4.  The Causes and Costs of Misallocation by Diego Restuccia, Richard Rogerson #23422 (DEV EFG PR) http://papers.nber.org/papers/w23422?utm_campaign=ntw&utm_medium=email&utm_source=ntw

5.  Survey Measurement of Probabilistic Macroeconomic Expectations: Progress and Promise by Charles F. Manski #23418 (EFG) http://papers.nber.org/papers/w23418?utm_campaign=ntw&utm_medium=email&utm_source=ntw

6.  Innovation Policy in a Networked World by Olav Sorenson #23431 (PR) http://papers.nber.org/papers/w23431?utm_campaign=ntw&utm_medium=email&utm_source=ntw

7.  Lags, Costs, and Shocks: An Equilibrium Model of the Oil Industry by Gideon Bornstein, Per Krusell, Sergio Rebelo #23423 (EFG) http://papers.nber.org/papers/w23423?utm_campaign=ntw&utm_medium=email&utm_source=ntw

8.  From Extreme to Mainstream: How Social Norms Unravel by Leonardo Bursztyn, Georgy Egorov, Stefano Fiorin #23415 (POL) http://papers.nber.org/papers/w23415?utm_campaign=ntw&utm_medium=email&utm_source=ntw

9.  Australian Squatters, Convicts, and Capitalists: Dividing Up a Fast-Growing Frontier Pie 1821-1871 by Laura Panza, Jeffrey G. Williamson #23416 (DEV) http://papers.nber.org/papers/w23416?utm_campaign=ntw&utm_medium=email&utm_source=ntw

10.  Status Goods: Experimental Evidence from Platinum Credit Cards by Leonardo Bursztyn, Bruno Ferman, Stefano Fiorin, Martin Kanz, Gautam Rao #23414 (DEV LS PE) http://papers.nber.org/papers/w23414?utm_campaign=ntw&utm_medium=email&utm_source=ntw

11.  Innovation-Led Transitions in Energy Supply by Derek Lemoine #23420 (EEE) http://papers.nber.org/papers/w23420?utm_campaign=ntw&utm_medium=email&utm_source=ntw

12.  Financial Intermediation in Private Equity: How Well Do Funds of Funds Perform? by Robert S. Harris, Tim Jenkinson, Steven N. Kaplan, Ruediger Stucke #23428 (CF) http://papers.nber.org/papers/w23428?utm_campaign=ntw&utm_medium=email&utm_source=ntw

13.  Handle with Care: The Local Air Pollution Costs of Coal Storage. by Akshaya Jha, Nicholas Z. Muller #23417 (EEE PE)  http://papers.nber.org/papers/w23417?utm_campaign=ntw&utm_medium=email&utm_source=ntw

14.  The Labor Market Effects of Refugee Waves: Reconciling Conflicting Results by Michael A. Clemens, Jennifer Hunt #23433 (LS) http://papers.nber.org/papers/w23433?utm_campaign=ntw&utm_medium=email&utm_source=ntw

15.  Imperfect Financial Markets and Shareholder Incentives in Partial and General Equilibrium by Elias Albagli, Christian Hellwig, Aleh Tsyvinski #23419 (CF EFG) http://papers.nber.org/papers/w23419?utm_campaign=ntw&utm_medium=email&utm_source=ntw

16.  Policy Uncertainty In Japan by Elif C. Arbatli, Steven J. Davis, Arata Ito, Naoko Miake, Ikuo Saito #23411 (EFG ME PE POL) http://papers.nber.org/papers/w23411?utm_campaign=ntw&utm_medium=email&utm_source=ntw

17.  How Production Risk and Flexibility Affect Liquidity Management:  Evidence from Electricity Generating Firms
by Chen Lin, Thomas Schmid, Michael S. Weisbach #23434 (CF IO) http://papers.nber.org/papers/w23434?utm_campaign=ntw&utm_medium=email&utm_source=ntw

18.  Straight Talkers and Vague Talkers: The Effects of Managerial Style in Earnings Conference Calls by Michal Dzielinski, Alexander F. Wagner, Richard J. Zeckhauser #23425 (AP CF) http://papers.nber.org/papers/w23425?utm_campaign=ntw&utm_medium=email&utm_source=ntw

19.  Racial Bias in Bail Decisions by David Arnold, Will Dobbie, Crystal S. Yang #23421 (LE LS) http://papers.nber.org/papers/w23421?utm_campaign=ntw&utm_medium=email&utm_source=ntw

20.  Monetary Policy through Production Networks: Evidence from the Stock Market by Ali Ozdagli, Michael Weber #23424 (AP CF EFG ME) http://papers.nber.org/papers/w23424?utm_campaign=ntw&utm_medium=email&utm_source=ntw

21.  The Cross-Border Spillover Effects of Recreational Marijuana Legalization by Zhuang Hao, Benjamin Cowan #23426 (HE LE) http://papers.nber.org/papers/w23426?utm_campaign=ntw&utm_medium=email&utm_source=ntw

22.  Management and Student Achievement: Evidence from a Randomized Field Experiment by Roland G. Fryer, Jr #23437 (ED LS PR) http://papers.nber.org/papers/w23437?utm_campaign=ntw&utm_medium=email&utm_source=ntw

23.  Why You Should Never Use the Hodrick-Prescott Filter by James D. Hamilton #23429 (EFG ME PR) http://papers.nber.org/papers/w23429?utm_campaign=ntw&utm_medium=email&utm_source=ntw

24.  Nation-Building, Nationalism and Wars by Alberto Alesina, Bryony Reich, Alessandro Riboni #23435 (POL)

25.  The Lerner Symmetry Theorem: Generalizations and Qualifications by Arnaud Costinot, Ivan Werning #23427 (ITI) http://papers.nber.org/papers/w23427?utm_campaign=ntw&utm_medium=email&utm_source=ntw

26.  Finance and Growth: Household Savings, Public Investment, and Public Health in Late Nineteenth-Century New Jersey by Howard Bodenhorn #23430 (DAE) http://papers.nber.org/papers/w23430?utm_campaign=ntw&utm_medium=email&utm_source=ntw


Courtesy: NBER

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