PRELIMINARY PROGRAM OF THE ALLIED SOCIAL SCIENCE ASSOCIATIONS JANUARY 3-5, 2014, PHILADELPHIA, PA

NOTE: Everyone must register for the meeting, including speakers.

Please review your session(s) and let us know if you see anything that is amiss. Before making additions, please do a search to make sure you are not adding someone who is already scheduled at the same time.

We realize that there are some conflicts with participants. This was unavoidable, and in such cases a co-author will have to present the paper. Changes and corrections should be sent to gwyn.p.loftis@vanderbilt.edu.

All sessions will be equipped with a projector and screen for your presentation. ASSA will not provide computers.

Location of Sessions for 2014 in Philadelphia, Pennsylvania

The beginning and ending times of sessions is shown below, with the exception being on the last day of the meeting when the last time slot will run from 1:00 pm to 3:00 pm.

8:00 am - 10:00 am
10:15 am - 12:15 pm
12:30 pm - 2:15 pm
2:30 pm - 4:30 pm

See also: JEL Classification System


Jan 02, 2014

Jan 02, 2014 5:30 pm, Philadelphia Marriott, Grand Ballroom - Salon H
Econometric Society
Presidential Address
James J. Heckman (University of Chicago) The Economics and Econometrics of Human Development

Jan 02, 2014 6:30 pm, Loews Philadelphia Hotel, Regency Ballroom A & B
Association for Social Economics
Opening Plenary Session and Reception (A1)
Presiding: Mark D. White (City University New York)
Capabilities and Social Justice: Why Economics Needs Philosophy
Martha Nussbaum (University of Chicago)


Jan 03, 2014

Jan 03, 2014 8:00 am, Loews Philadelphia Hotel, Commonwealth Hall A1
Agricultural & Applied Economics Association
The Groundwater-Energy Nexus (Q2)
Presiding: Krishna Paudel (Louisiana State University)
Transboundary Allocation of Groundwater for Fracking under Threat of Salt Water Intrusion
Krishna Paudel (Louisiana State University)
Biswo Poudel (Louisiana State University)
[View Abstract]
The Effects of Energy Prices on Groundwater Extraction in Agriculture in the High Plains Aquifer
C.-Y. Cynthia Lin (University of California-Davis)
Lisa Pfeiffer (NOAA Fisheries)
[View Abstract] [Download Preview]
The Role of Energy Costs in Groundwater Pricing and Investments in Desalination and Wastewater Recycling
James Roumasset (University of Hawaii)
Christopher Wada (University of Hawaii)
[View Abstract] [Download Preview]
Discussants:
Nicholas Brozovic (University of Illinois)
David Zilberman (University of California-Berkeley)

Jan 03, 2014 8:00 am, Pennsylvania Convention Center, 202-B
American Economic Association
Assessing the Welfare Impacts of Economic Integration: Evidence from the 19th and 20th Centuries (F6)
Presiding: John Brown (Clark University)
How Large Are the Gains from Economic Integration? Theory and Evidence from United States Agriculture, 1880-2002
Arnaud Costinot (Massachusetts Institute of Technology)
Dave Donaldson (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
The Global Welfare Impact of China: Trade Integration and Technological Change
Julian di Giovanni (International Monetary Fund)
Andrei Levchenko (University of Michigan)
Jing Zhang (University of Michigan)
[View Abstract] [Download Preview]
The Link Between Fundamentals and Proximate Causes of Development
Wolfgang Keller (University of Colorado)
Carol H. Shiue (University of Colorado)
[View Abstract]
A Factor Augmentation Formulation of the Gains from Trade with an Application to Japan, 1865-1876
Daniel M. Bernhofen (American University)
John C. Brown (Clark University)
[View Abstract] [Download Preview]
Discussants:
Cecilia Fieler (University of Pennsylvania)
Marius Brülhart (University of Lausanne)
Sascha O. Becker (University of Warwick)
Douglas A. Irwin (Dartmouth College)

Jan 03, 2014 8:00 am, Pennsylvania Convention Center, 105-B
American Economic Association
Economics of Intergenerational Transfers and Wealth (J1)
Presiding: Karen Eggleston (Stanford University)
Education Policy and Intergenerational Transfers in Equilibrium
Brant Abbott (University of British Columbia)
Giovanni Gallipoli (University of British Columbia)
Costas Meghir (Yale University)
Gianluca Violante (New York University)
[View Abstract] [Download Preview]
Intergenerational Wealth Mobility: Evidence from Danish Wealth Records of Three Generations
Simon Halphen Boserup (University of Copenhagen)
Wojciech Kopczuk (Columbia University)
Claus Thustrup Kreiner (University of Copenhagen, CESifo and CEPR)
[View Abstract]
Housing Windfalls and Intergenerational Transfers in China
Maria Porter (Michigan State University)
Albert Park (Hong Kong University of Science and Technology)
[View Abstract]
The Intergenerational Impact of Rural Pensions in China: Transfers, Living Arrangements, and Off-Farm Employment of Adult Children
Ang Sun (Renmin University of China)
Xi Chen (Yale University)
Karen N. Eggleston (Stanford University)
[View Abstract]
Discussants:
Susan M. Dynarski (University of Michigan)
Costas Meghir (Yale University)
Xiaobo Zhang (International Food Policy Research Institute)
Albert Park (Hong Kong University of Science and Technology)

Jan 03, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon J
American Economic Association
Effects on Preferences Regarding Risk & Ambiguity (D8)
Presiding: Luca Rigotti (University of Pittsburgh)
The Long-Run Impact of Traumatic Experience on Risk Aversion
Young-Il Kim (Sogang University)
Jungmin Lee (Sogang University & IZA)
[View Abstract] [Download Preview]
Self Confirming Long Run Biases
Pierpaolo Battigalli (University of Bocconi)
Fabio Maccheroni (University of Bocconi)
Massimo Marinacci (University of Bocconi)
Simone Cerreia-Vioglio (University of Bocconi)
[View Abstract]
The Legacy of Parental Time Preferences: Investment Behavior, and Children's Lifetime Outcomes
Hans Gronqvist (Stockholm University)
Lena Lindahl (Stockholm University)
Bart Golsteyn (Maastricht University)
[View Abstract]
Over-Caution of Large Committees of Experts
Justin Mattias Valasek (WZB)
Rune Midjord (University of the Basque Country)
Tomas Rodriguez Barraquer (Hebrew University)
[View Abstract] [Download Preview]
An Evolutionary Justification for Non-Bayesian Beliefs and Overconfidence
Hanzhe Zhang (University of Chicago)
[View Abstract] [Download Preview]
Primary-Market Auctions for Event Tickets: Eliminating the Rents of "Bob the Broker"
Eric Budish (University of Chicago)
Aditya Bhave (University of Chicago)
[View Abstract]

Jan 03, 2014 8:00 am, Philadelphia Marriott, Meeting Room 305
American Economic Association
Evaluation of Social Programs (H4)
Presiding: William Hoyt (University of Kentucky)
Smallpox and Human Capital Development: 1850-1930
Dara Lee Luca (University of Missouri and Harvard University)
[View Abstract]
The Power of Hydroelectric Dams: Agglomeration Spillovers
Edson R. Severnini (Carnegie Mellon University)
[View Abstract] [Download Preview]
Evaluating Long-Term Impacts of Sustained Mass Deworming: South Korea 1969-1995
Taejong Kim (KDI School of Public Policy and Management)
Jungho Kim (Ajou University)
Hyeok Jeong (KDI School of Public Policy and Management)
Sunjin Kim (KDI School of Public Policy and Management)
[View Abstract] [Download Preview]
Moving High-Performing Teachers to Low Achieving Schools
Bing-ru Teh (Mathematica Policy Research Inc.)
Steven Glazerman (Mathematica Policy Research Inc.)
Ali Protik (Mathematica Policy Research Inc.)
Julie Bruch (Mathematica Policy Research Inc.)
Jeffrey Max (Mathematica Policy Research Inc.)
[View Abstract]
John Papp (Highbridge Capital Management)

Jan 03, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon I
American Economic Association
Fertility Decisions (J1)
Presiding: Tom Vogl (Princeton University)
Land Reform and Sex Selection in China
Douglas Almond (Columbia University)
Shuang Zhang (University of Colorada-Boulder)
Honbin Li (Tsinghua University)
[View Abstract] [Download Preview]
Heat Waves at Conception and Later Life Outcomes
Joshua Wilde (University of South Florida)
Benedicte Apouey (Paris School of Economics)
[View Abstract] [Download Preview]
Parenthood and Productivity of Highly Skilled Labor: Evidence From the Groves of Academe
Matthias Krapf (University of Zurich)
Heinrich Ursprung (University of Konstanz)
Christian Zimmermann (Federal Reserve Bank of St. Louis)
[View Abstract] [Download Preview]
School Cutoff Dates, and the Timing of Births
Hitoshi Shigeoka (Simon Fraser University)
[View Abstract] [Download Preview]
Intergenerational Dynamics and the Fertility Transition
Tom S. Vogl (Princeton University)
[View Abstract]
The Demographic Consequences of Gender Selection Technology
Qi Li (Peking University)
Juan Pantano (Washington University in St. Louis)
[View Abstract]

Jan 03, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon L
American Economic Association
Gender Differences (J1)
Presiding: Joyce Jacobsen (Wesleyan University)
How the Design of a Pension System Influences Old Age Poverty and Gender Equity: A Study of Chile's Private Retirement Accounts System
Petra Todd (University of Pennsylvania)
Clement Joubert (University of North Carolina-Chapel Hill)
[View Abstract] [Download Preview]
Math and Gender: Is Math a Route to a High-Powered Career?
Juanna Joensen (Stockholm School of Economics)
Helena Skyt Nielsen (Aarhus University)
[View Abstract]
Firm Level Monopsony and the Gender Pay Gap
Douglas Webber (Temple University)
[View Abstract] [Download Preview]
Gender Differences and Dynamics in Competition: The Role of Luck
David Gill (University of Oxford)
Victoria Prowse (Cornell University)
[View Abstract] [Download Preview]
Are Women “Naturally” Better Credit Risks in Microcredit? Evidence from Field Experiments in Patriarchal and Matrilineal Societies in Bangladesh
Sugato Chakravarty (Purdue University)
Abu Zafar M. Shahriar (Monash University)
Zahid Iqbal (Purdue University)
[View Abstract] [Download Preview]

Jan 03, 2014 8:00 am, Philadelphia Marriott, Meeting Room 306
American Economic Association
Health Economics (I1)
Presiding: Kathleen Carey (Boston University)
Health Insurance and the Supply of Entrepreneurs: New Evidence from the Affordable Care Act's Dependent Coverage Mandate
James Benjamin Bailey (Temple University)
[View Abstract] [Download Preview]
The Effect of Health Shocks and Health Insurance on Employment and Earnings. Evidence from Chile
Vincent Pohl (Queen's University)
Christopher Neilson (Yale University)
Francisco Parro (Ministerio de Hacienda de Chile)
[View Abstract] [Download Preview]
Peer Effects Among Hospitalized Patients: Evidence from Roommate Assignments.
Olga Yakusheva (Marquette University)
[View Abstract] [Download Preview]
Digitizing Doctor Demand: The Impact of Online Reviews on Doctor Choice
Sonal Vats (Boston University)
Michael Luca (Harvard Business School)
[View Abstract] [Download Preview]
Does Employment Reduce Informal Caregiving?
Daifeng He (College of William and Mary)
Peter McHenry (College of William and Mary)
[View Abstract] [Download Preview]
Why Does the Health of Immigrants Deteriorate?
Osea Giuntella (University of Oxford)
[View Abstract] [Download Preview]

Jan 03, 2014 8:00 am, Pennsylvania Convention Center, 107-B
American Economic Association
Improving Student Performance (I2)
Presiding: Kristin Butcher (Wellesley College)
One Size Does Not Fit All: The Role of Vocational Ability on College Attendance and Labor Market Outcomes
Sergio Urzua (University of Maryland)
Maria F. Prada (University of Maryland)
[View Abstract]
The Effect of an Individualized Online Practice Tool on Math Performance - Evidence from a Randomized Field Experiment
Carla Haelermans (Maastricht University)
Joris Ghysels (Maastricht University)
[View Abstract] [Download Preview]
Not Just Test Scores: Parents' Demand Response to School Quality Information
Iftikhar Hussain (University of Sussex)
[View Abstract] [Download Preview]
High School Course Quality and Revealed Information
Jesse Bricker (Federal Reserve Board)
Hannah Allerdice Bricker (Unaffiliated)
[View Abstract] [Download Preview]
Educating Bright Students in Urban Schools
Kalena Cortes (Texas A&M University)
Wael Moussa (Syracuse University)
Jeffrey Weinstein (Syracuse University)
[View Abstract]
Rational Addiction and Video Games
Micah Pollak (Indiana University-Northwest)
[View Abstract]

Jan 03, 2014 8:00 am, Pennsylvania Convention Center, 103-A
American Economic Association
Individual and Employer Responses to Unemployment (J6)
Presiding: Laura Kawano (US Department of Treasury)
How Does Family Income Affect College Enrollment? Evidence from Timing of Parental Layoffs
Nate Hilger (Harvard University)
[View Abstract]
How Income Changes during Unemployment: Evidence from Tax Return Data
Laura Kawano (US Department of Treasury)
Sara LaLumia (Williams College)
[View Abstract]
Duration Dependence and Labor Market Conditions: Theory and Evidence from a Field Experiment
Kory Kroft (University of Toronto)
Fabian Lange (McGill University)
Matthew J. Notowidigdo (University of Chicago)
[View Abstract] [Download Preview]
A Contribution to the Empirics of Reservation Wages
Alan B Krueger (Princeton University)
Andreas Mueller (Columbia University)
[View Abstract] [Download Preview]
Discussants:
Ann Huff Stevens (University of California-Davis)
Till von Wachter (University of California-Los Angeles)

Jan 03, 2014 8:00 am, Pennsylvania Convention Center, 103-C
American Economic Association
Innovation (O3)
Presiding: Arthur Diamond (University of Nebraska-Omaha)
Why do Regions Vary in their Response to Crowdfunding? The Young, Restless, and Creative
Ajay Agrawal (University of Toronto)
Christian Catalini (Massachusetts Institute of Technology)
Avi Goldfarb (University of Toronto)
[View Abstract]
Retractions
Pierre Azoulay (Massachusetts Institute of Technology and NBER)
Jeffrey Furman (Boston University and NBER)
Joshua Krieger (Massachusetts Institute of Technology)
Fiona Murray (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Buy, Keep or Sell: Economic Growth and the Market for Ideas
Ufuk Akcigit (University of Pennsylvania)
Murat Alp Celik (University of Pennsylvania)
Jeremy Greenwood (University of Pennsylvania)
[View Abstract]
Invisible Innovators: Historical Evidence from Mechanized Reapers and Cloud Computing
Richard Hunt (University of Colorado-Boulder)
[View Abstract]
The causal effect of labor unions on innovation
Daniel Bradley (University of South Florida)
Incheol Kim (University of South Florida)
Xuan Tian (Indiana University)
[View Abstract] [Download Preview]

Jan 03, 2014 8:00 am, Pennsylvania Convention Center, 201-B
American Economic Association
Macroeconomic Uncertainty and Asset Prices (G1)
Presiding: Ivan Shaliastovich (University of Pennsylvania)
Good and Bad Uncertainty: Macroeconomic and Financial Market Implications
Gill Segal (University of Pennsylvania)
Ivan Shaliastovich (University of Pennsylvania)
Amir Yaron (University of Pennsylvania)
[View Abstract] [Download Preview]
One-Sided Risk Shocks
Jesus Fernandez-Villaverde (University of Pennsylvania)
Pablo Guerron (Federal Reserve Bank of Philadelphia)
Juan Rubio-Ramirez (Duke University)
Uncertainty Shocks, Asset Supply and Pricing over the Business Cycle
Francesco Bianchi (Duke University)
Cosmin Ilut (Duke University)
Martin Schneider (Stanford University)
[View Abstract] [Download Preview]
Does Uncertainty Reduce Growth? Using Disasters as Natural Experiments
Scott R. Baker (Stanford University)
Nicholas Bloom (Stanford University)
[View Abstract] [Download Preview]

Jan 03, 2014 8:00 am, Pennsylvania Convention Center, 201-A
American Economic Association
Measuring Systemic Risk (G2)
Presiding: René Stulz (Ohio State University)
Enhanced Stress Testing and Financial Stability
Matthew Pritsker (Federal Reserve Bank of Boston)
[View Abstract] [Download Preview]
How Likely is Contagion in Financial Networks?
Paul Glasserman (Columbia University)
H. Peyton Young (University of Oxford)
[View Abstract] [Download Preview]
Taking the risk out of systemic risk measurement
Levent Guntay (Federal Deposit Insurance Corporation)
Paul H. Kupiec (The American Enterprise Institute)
[View Abstract] [Download Preview]
Can Top-down Banking Stress Tests Be Informative?
Pavel S. Kapinos (Federal Deposit Insurance Corporation)
Oscar A. Mitnik (Federal Deposit Insurance Corporation)
[View Abstract]
Discussants:
Sanjiv R. Das (Santa Clara University)
Mark J. Flannery (University of Florida)
Albert S. Kyle (University of Maryland)
Rene M. Stulz (Ohio State University)

Jan 03, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon B
American Economic Association
Microeconometrics: Theory and Applications (C2)
Presiding: Bidisha Mandal (Washington State University)
Estimation of an Education Production Function under Random Assignment with Selection
Eleanor Choi (Hanyang University)
Hyungsik Roger Moon (University of Southern California)
Geert Ridder (University of Southern California)
[View Abstract] [Download Preview]
Specification and Estimation of Treatment Models in the Presence of Sample Selection
Angela Vossmeyer (University of California-Irvine)
[View Abstract] [Download Preview]
Gender Wage Gap in the United States: An Interactive Fixed Effects Approach
Kusum Mundra (Rutgers University)
Treatment Effect Analyses through Orthogonality Conditions Implied by a Fuzzy Regression Discontinuity Design, with Two Empirical Studies
Muzhe Yang (Lehigh University)
[View Abstract] [Download Preview]
Child Care Choices, Cognitive Development, and Kindergarten Enrollment
Bidisha Mandal (Washington State University)
[View Abstract] [Download Preview]

Jan 03, 2014 8:00 am, Pennsylvania Convention Center, 202-A
American Economic Association
Productivity (O4)
Presiding: Wayne Gray (Clark University)
Agricultural Production amidst Conflict: The Effects of Shocks, Uncertainty and Governance of Non-State Armed Actors
Andres Zambrano (Universidad de los Andes)
Maria Alejandra Arias (Universidad de los Andes)
Ana Maria Ibañez (Universidad de los Andes)
[View Abstract] [Download Preview]
Trade Liberalization, Supply Chains and Productivity
Carol Newman (Trinity College Dublin)
John Rand (University of Copenhagen)
Finn Tarp (UNU-WIDER and University of Copenhagen)
[View Abstract] [Download Preview]
How Do Firms Adjust Production Factors to the Cycle? The Role of Rigidities
Gilbert Cette (Banque de France)
Remy Lecat (Banque de France)
Ahmed Ould (Banque de France)
Ahmed Jiddou (Banque de France)
[View Abstract] [Download Preview]
Demand Shocks and Productivity: Technology Adoption During the U.S. Ethanol Boom
Danny McGowan (Bangor University)
Richard Kneller (University of Nottingham)
[View Abstract] [Download Preview]
Cumulative Innovation, Growth and Welfare-Improving Patent Policy
Edwin L. Lai (Hong Kong University of Science and Technology)
Davin Chor (National University of Singapore)
[View Abstract] [Download Preview]

Jan 03, 2014 8:00 am, Pennsylvania Convention Center, 203-B
American Economic Association
Public Finance and Policy (H1)
Presiding: Erin Bronchetti (Swarthmore College)
Post-Retirement Benefit Plans, Leverage, and Real Investment
Sohnke m Bartram (London Business School and Warwick Business School)
[View Abstract] [Download Preview]
The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans
Michael Kisser (Norwegian School of Economics)
John Kiff (International Monetary Fund)
Erik Oppers (International Monetary Fund)
Mauricio Soto (International Monetary Fund)
[View Abstract] [Download Preview]
The Impact of Numerical Constraints on Fiscal Policy in the EU27
Wolf Heinrich Reuter (Vienna University of Economics and Business)
[View Abstract]
The Effect of Government Spending in Construction on Job Creation: Evidence from Texas
Dakshina G. De Silva (Lancaster University)
Viplav Saini (Oberlin College)
[View Abstract]
Presidentialism, Parliamentarism and Fiscal Policy: Evidence from the Local Level in Germany
Thushyanthan Baskaran (University of Goettingen)
Zohal Hessami (University of Konstanz)
[View Abstract]

Jan 03, 2014 8:00 am, Pennsylvania Convention Center, 203-A
American Economic Association
Sources of Peer Effects (D8)
Presiding: Bruce Sacerdote (Dartmouth University)
Social Networks and the Decision to Insure
Jing Cai (University of Michigan)
Alain Janvry (University of California-Berkeley)
Elisabeth Sadoulet (University of California-Berkeley)
[View Abstract] [Download Preview]
Peer Effects in Risk Taking
Amrei Lahno (University of Munich)
Marta Serra-Garcia (University of Munich)
[View Abstract]
Academic Peer Effects with Different Group Assignment Policies: Residential Tracking versus Random Assignment
Robert Garlick (Duke University)
[View Abstract] [Download Preview]
Understanding Mechanisms Underlying Peer Effects: Evidence from a Field Experiment on Financial Decisions
Leonardo Bursztyn (University of California-Los Angeles)
Florian Ederer (University of California-Los Angeles)
Bruno Ferman (George Washington University)
Noam Yuchtman (University of California-Berkeley)
[View Abstract] [Download Preview]
Discussants:
Achyuta Adhvaryu (Yale University)
Kenneth Ahern (University of Southern California)
Scott Carrell (University of California-Davis)
John Beshears (Harvard University)

Jan 03, 2014 8:00 am, Pennsylvania Convention Center, 201-C
American Economic Association
The Demand for Insurance in Developing Countries (O1)
Presiding: Benjamin Olken (Massachusetts Institute of Technology)
Risk and Investment in Agriculture
Mark Rosenzweig (Yale University)
Christopher Udry (Yale University)
[View Abstract]
Dynamics of Demand for Index Insurance: Evidence from a Five-Year Panel in Gujarat
Shawn A. Cole (Harvard University)
Jeremy Tobacman (University of Pennsylvania)
Daniel Stein (The World Bank)
[View Abstract]
Adverse Selection in the Market for Catastrophic Health Insurance: Some Evidence from India
Abhijit Banerjee (Massachusetts Institute of Technology)
Esther Duflo (Massachusetts Institute of Technology)
Richard Hornbeck (Harvard University)
[View Abstract]
Discussants:
Seema Jayachandran (Northwestern University)
Tavneet Suri (Massachusetts Institute of Technology)
Jishnu Das (World Bank)

Jan 03, 2014 8:00 am, Pennsylvania Convention Center, 204-B
American Economic Association
The Price Theory of Selection Markets (D4)
Presiding: Michael Whinston (Massachusetts Institute of Technology)
Product Design in Selection Markets
André F. Veiga (University of Oxford)
Eric Glen Weyl (University of Chicago)
[View Abstract] [Download Preview]
Imperfect Competition in Selection Markets
Neale Mahoney (University of Chicago)
Eric Glen Weyl (University of Chicago)
[View Abstract] [Download Preview]
Unraveling versus Unraveling: Competitive Equilibriums and Trade in Insurance Markets
Nathaniel Hendren (Harvard University)
[View Abstract] [Download Preview]
Information Frictions and the Welfare Consequences of Adverse Selection
Benjamin R. Handel (University of California-Berkeley)
Jonathan T. Kolstad (University of Pennsylvania)
Johannes Spinnewijn (London School of Economics)
[View Abstract]
Discussants:
Jonathan Levin (Stanford University)
Liran Einav (Stanford University)
Amy N. Finkelstein (Massachusetts Institute of Technology)
Michael Whinston (Massachusetts Institute of Technology)

Jan 03, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon E
American Economic Association
What's Natural? Key Macroeconomic Parameters after the Great Recession (E1)
Presiding: Matthew Shapiro (University of Michigan)
The Natural Rate of Interest and Its Usefulness for Monetary Policy Making
Robert Barsky (Federal Reserve Bank of Chicago and University of Michigan)
Alejandro Justiniano (Federal Reserve Bank of Chicago)
Leonardo Melosi (Federal Reserve Bank of Chicago)
[View Abstract] [Download Preview]
Natural Rate of Unemployment
Mark Watson (Princeton University)
[View Abstract]
Natural Rate of Growth
John Fernald (Federal Reserve Bank of San Francisco)
Charles I Jones (Stanford University)
[View Abstract] [Download Preview]
Discussants:
Michael Woodford (Columbia University)
Robert E. Hall (Stanford University)
Susanto Basu (Boston College)

Jan 03, 2014 8:00 am, Loews Philadelphia Hotel, Millennium Hall
American Finance Association
Asset Management and Market Efficiency (G2)
Presiding: Christopher Malloy (Harvard University)
Transparency and Talent Allocation in Money Management
Simon Gervais (Duke University)
Gunter Strobl (Frankfurt School of Finance & Management)
[View Abstract] [Download Preview]
The People in Your Neighborhood: Social Interactions and Mutual Fund Portfolio Choice
Veronika Pool (Indiana University)
Noah Stoffman (Indiana University)
Scott Yonker (Indiana University)
[View Abstract]
Peer Effects in Mutual Funds
Jesse Blocher (Vanderbilt University)
[View Abstract] [Download Preview]
Predation versus Cooperation in Mutual Fund Families
Alexander Eisele (University of Lugano)
Tamara Nefedova (University of Lugano)
Gianpaolo Parise (University of Lugano)
[View Abstract]
Discussants:
Bruce Carlin (University of California-Los Angeles)
Kelly Shue (University of Chicago)
Antti Petajisto (New York University)
Utpal Bhattacharya (Indiana University)

Jan 03, 2014 8:00 am, Loews Philadelphia Hotel, Regency Ballroom B
American Finance Association
Behavioral Asset Pricing (G1)
Presiding: Nicholas Barberis (Yale University)
No News is News: Do Markets Underreact to Nothing
Stefano Giglio (University of Chicago)
Kelly Shue (University of Chicago)
[View Abstract]
First Impressions: "System 1" Thinking and the Cross-Section of Stock Returns
Nicholas C. Barberis (Yale University)
Abhiroop Mukherjee (Hong Kong University of Science and Technology)
Baolian Wang (Hong Kong University of Science and Technology)
[View Abstract]
Waves in Ship Prices and Investment
Robin Greenwood (Harvard Business School)
Samuel Hanson (Harvard Business School)
[View Abstract]
Discussants:
Dong Lou (London School of Economics)
Byoung-Hyoun Hwang (Purdue University)
Kent Daniel (Columbia University)

Jan 03, 2014 8:00 am, Loews Philadelphia Hotel, Regency Ballroom A
American Finance Association
Credit Risk I (G1)
Presiding: Ilya Strebulaev (Stanford University)
CDS Auctions and Informative Biases in CDS Recovery Rates
Sudip Gupta (New York University)
Rangarajan K. Sundaram (New York University)
[View Abstract]
Synthetic or Real? The Equilibrium Effects of Credit Default Swaps on Bond Markets
Martin Oehmke (Columbia University)
Adam Zawadowski (Boston University)
[View Abstract] [Download Preview]
Does the Tail Wag the Dog? The Effect of Credit Default Swaps on Credit Risk
Marti Subrahmanyam (New York University)
Dragon Tang (University of Hong Kong)
Sarah Qian Wang (Warwick University)
[View Abstract] [Download Preview]

Jan 03, 2014 8:00 am, Loews Philadelphia Hotel, Commonwealth Hall C
American Finance Association
Institutional Investors' Portfolio Choices (G1)
Presiding: Luis Viceira (Harvard Business School)
Why Do University Endowments Invest So Much In Risky Assets?
Thomas Gilbert (University of Washington)
Christopher Hrdlicka (University of Washington)
[View Abstract]
Informed Trading and Expected Returns
James Choi (Yale University)
Li Jin (Harvard University)
Hongjun Yan (Yale University)
[View Abstract] [Download Preview]
Dynamic Portfolio Choice with Frictions
Nicolae Garleanu (University of California-Berkeley)
Lasse Pedersen (New York University)
[View Abstract] [Download Preview]
Deleveraging Risk
Scott Richardson (London Business School)
Pedro Saffi (University of Cambridge)
Kari Sigurdsson (Reykjavik University)
[View Abstract] [Download Preview]
Discussants:
Stephen G. Dimmock (Nanyang Technological University)
Lauren H. Cohen (Harvard Business School)
Bryan T. Kelly (University of Chicago)
Jakub W. Jurek (Princeton University)

Jan 03, 2014 8:00 am, Loews Philadelphia Hotel, Commonwealth Hall D
American Finance Association
Macro Finance (G1)
Presiding: Ralph Koijen (University of Chicago)
Nominal Bonds, Real Bonds, and Equity
Andrew Ang (Columbia University)
Maxim Ulrich (Columbia University)
[View Abstract]
Forecasting through the Rear-View Mirror: Data Revisions and Bond Return Predictability
Eric Ghysels (University of North Carolina)
Casidhe Horan (University of Michigan)
Emanuel Moench (Federal Reserve Bank of New York)
[View Abstract]
Rare Booms and Disasters in a Multi-Sector Endowment Economy
Jerry Tsai (University of Pennsylvania)
Jessica Wachter (University of Pennsylvania)
[View Abstract]
Discussants:
Jules van Binsbergen (Stanford University)
Lars A. Lochstoer (Columbia University)
Leonid Kogan (Massachusetts Institute of Technology)

Jan 03, 2014 8:00 am, Loews Philadelphia Hotel, Commonwealth Hall B
American Finance Association
Macroeconomics, Deflation and Liquidity (G1)
Presiding: Markus Brunnermeier (Princeton University)
Deflation Risk
Matthias Fleckenstein (University of California-Los Angeles)
Francis Longstaff (University of California-Los Angeles)
Hanno Lustig (University of California-Los Angeles)
[View Abstract]
Banks Exposure to Interest Rate Risk and the Transmission of Monetary Policy
Augustin Landier (University of Toulouse)
David Sraer (Princeton University)
David Thesmar (HEC Paris)
[View Abstract]
Corporate Cash Hoarding: The Role of Just-in-Time Adoption
Xiaodan Gao (National University of Singapore)
[View Abstract] [Download Preview]
Funding Liquidity Risk and the Cross-Section of Stock Returns
Jean-Sebastien Fontaine (Bank of Canada)
Rene Garcia (EDHEC)
Sermin Gungor (Bank of Canada)
[View Abstract] [Download Preview]
Discussants:
Cesaire Meh (Bank of Canada)
Anil Kashyap (University of Chicago)
Thomas Eisenbach (Federal Reserve Bank of New York)
Tyler Muir (Yale University)

Jan 03, 2014 8:00 am, Loews Philadelphia Hotel, Washington B
American Real Estate & Urban Economic Association
Commercial Real Estate (G1)
Presiding: Andra Ghent (Arizona State University)
Real Earnings Management, Liquidity and SEO dynamics: Evidence from United States REITs
Xiaoying Deng (National University of Singapore)
Seow Eng Ong (National University of Singapore)
[View Abstract] [Download Preview]
Using Cash Flow Dynamics to Price Thinly Traded Assets: The Case of Commercial Real Estate
Walter Boudry (Cornell University)
Crocker Liu (Cornell University)
Tobias Muhlhofer (Indiana University)
Walter Torous (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
What Drives Building-Level Investment Returns?
Serguei Chervachidze (CBRE Econometric Advisors)
Jeffery Fisher (Indiana University)
William Wheaton (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Commercial Real Estate, Distress and Capital Recovery: Analysis of the Special Servicer
David Downs (Virginia Commonwealth University)
Tracy Xu (University of Denver)
[View Abstract] [Download Preview]
Discussants:
Moussa Diop (University of Wisconsin)
Rossen Valkanov (University of California-San Diego)
Xudong An (San Diego State University)
David T. Brown (University of Florida)

Jan 03, 2014 8:00 am, Loews Philadelphia Hotel, Washington C
American Real Estate & Urban Economic Association
Urban Development and Dynamics (R3)
Presiding: Eleonora Patacchini (Syracuse University)
Transportation Technologies, Agglomeration, and the Structure of Cities
Jeffrey Brinkman (Federal Reserve Bank of Philadelphia)
[View Abstract] [Download Preview]
The Decline of the Rust Belt: A Dynamic Spatial Equilbrium Analysis
Chamna Yoon (Baruch College City University of New York)
[View Abstract]
The Settlement of the United States, 1800 to 2000: The Long Transition Towards Gibrat's Law
Klaus Desmet (Carlos III)
Jordan Rappaport (Federal Reserve Bank of Kansas City)
[View Abstract] [Download Preview]
Driving to Opportunity: Local Wages, Commuting, and Sub-Metropolitan Quality of Life
David Albouy (University of Michigan)
Bert Lue (University of Michigan)
[View Abstract] [Download Preview]
Discussants:
Ronni Pavan (University of Rochester)
Giorgio Topa (Federal Reserve Bank of New York)
Matthew Turner (University of Toronto)
Jessie Handbury (University of Pennsylvania)

Jan 03, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon A
Association for Comparative Economic Studies
Exploration of New and Existing Macro Data for the Chinese Economy (E2)
Presiding: Carsten Holz (Stanford University)
The Quality of Chinese GDP Statistics
Carsten Holz (Stanford University)
[View Abstract]
Chinese Capital Flight: Questions of Data and Policy
Frank Gunter (Lehigh University)
[View Abstract] [Download Preview]
China's Provincial Capital Stock by Sector: Data and Preliminary Analysis
Yanrui Wu (University of Western Australia)
[View Abstract]
China's Human Capital Stock
Haizheng Li (Georgia Institute of Technology)
[View Abstract]
Discussants:
Belton M. Fleisher (Ohio State University)
Zheng Michael Song (University of Chicago)

Jan 03, 2014 8:00 am, Loews Philadelphia Hotel, Regency Ballroom C1
Association for Evolutionary Economics
Macro Policy and Financial Stability in the Age of Turbulence (B5)
Presiding: Abu Shonchoy (Institute of Developing Economies)
Understanding Long-Term Japanese Government Bonds' Low Nominal Yields
Tanweer Akram (Ing Investment Management)
[View Abstract] [Download Preview]
Shadow Banking and Credit Driven Growth in China
Yan Liang (Willamette University)
[View Abstract]
Economic Consequences of the TARP
Heather Montgomery (International Christian University)
[View Abstract] [Download Preview]
Three Sector Balance Approach and the Economic Crisis
Eric Tymoigne (Lewis and Clark College)
[View Abstract]
Discussants:
Abu Shonchoy (Institute of Developing Economies)
Yuki Takahashi (State University of New York-Stony Brook)

Jan 03, 2014 8:00 am, Loews Philadelphia Hotel, Congress A
Association for Social Economics
Social Entrepreneurship: Maximizing Impact and Innovation (L3)
Presiding: Tonia Warnecke (Rollins College)
Social Enterprises as Networks of Innovators in the Social Economy
Zohreh Emami (Alverno College)
[View Abstract]
Social Enterprises and the Analysis of Space to Alleviate Financial Constraints
Benjamin Wilson (University of Missouri-Kansas City)
[View Abstract]
Workers' Cooperatives: New Strategies for Finance
Daniel Fireside (Equal Exchange)
Christopher Gunn (Hobart and William Smith Colleges)
[View Abstract]
Social Entrepreneurship, Alternative Currencies, and Post-Transactional Civil Society: The Case of the Sunshine Bank
Matthias Klaes (University of Dundee)
[View Abstract]
Social Entrepreneurship for Students: The Rollins Microfinance Fund
Tonia Warnecke (Rollins College)
[View Abstract]

Jan 03, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon K
Association of Environmental & Resource Economists
Options for a New International Climate Regime Arising from the Durban Platform for Enhanced Action (Q5) (Panel Discussion)
Panel Moderator: Robert Stavins (Harvard University)
Joseph Aldy (Harvard University)
Ottmar Edenhofer (Technical University of Berlin)
Geoffrey Heal (Columbia University)
Gilbert Metcalf (Tufts University)
William Pizer (Duke University)

Jan 03, 2014 8:00 am, Loews Philadelphia Hotel, Congress B
Association of Financial Economists/American Economic Association
Moral Attitudes and Financial Decision-Making (G3)
Presiding: Michael Jensen (Harvard University)
Moral Attitudes and Financial Decision-Making
Jonathan Haidt (New York University)
David Hirshleifer (University of California-Irvine)
Siew Hong Teoh (University of California-Irvine)
[View Abstract]
The Impact of Cultural Aversion on Economic Exchange: Evidence from Shocks to Sino-Japanese Relations
Raymond Fisman (Columbia University)
Yasushi Hamao (University of Southern California)
Yongxiang Wang (University of Southern California)
[View Abstract] [Download Preview]
Honoring One's Word: CEO Integrity and Accruals Quality
Shane S. Dikolli (Duke University)
William J. Mayew (Duke University)
Thomas D. Steffen (Duke University)
[View Abstract] [Download Preview]
Trust, Consumer Debt, and Household Finance
Danling Jiang (Florida State University)
Sonya S. Lim (DePaul University)
[View Abstract] [Download Preview]
Discussants:
Harrison Hong (Princeton University)
Paola Sapienza (Northwestern University)
Alexander Dyck (University of Toronto)
Adair Morse (University of California-Berkeley)
Michael Jensen (Harvard University)

Jan 03, 2014 8:00 am, Philadelphia Marriott, Meeting Room 401
Econometric Society
Big Data and High-Dimensional Problems (C3)
Presiding: Jushan Bai (Columbia University)
Incidental Endogeneity in High Dimensions
Jianqing Fan (Princeton University)
[View Abstract]
Program Evaluation with High-Dimensional Data
Victor Chernozhukov (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Asymptotic Analysis of the Squared Estimation Error in Misspecified Factor Models
Alexei Onatski (University of Cambridge)
[View Abstract] [Download Preview]
Shrinkage Estimation of High-Dimensional Factor Models with Structural Instabilities
Xu Cheng (University of Pennsylvania)
Zhipeng Liao (University of Pennsylvania)
Frank Schorfheide (University of Pennsylvania)
[View Abstract] [Download Preview]

Jan 03, 2014 8:00 am, Philadelphia Marriott, Meeting Room 402
Econometric Society
Estimation of Industrial Organization Models (L2)
Presiding: Che-Lin Su (University of Chicago)
Relaxing Competition Through Speculation: Committing to a Negative Supply Slope
Pär Holmberg (Research Institute of Industrial Economics)
Bert Willems (Tilburg University)
[View Abstract] [Download Preview]
Estimating Dynamic Discrete-Choice Games of Incomplete Information
Michael Dannen Egesdal (Harvard University)
Zhenyu Lai (Harvard University)
Che-Lin Su (University of Chicago)
[View Abstract] [Download Preview]
Identification and Estimation of Heterogeneous Production Functions
Jorge Balat (Johns Hopkins University)
Yuya Sasaki (Johns Hopkins University)
[View Abstract]
Supply Function Competition and Exporters: Nonparametric Identification and Estimation of Productivity Distributions and Marginal Costs
Ayse Ozgur Pehlivan (Bilkent University)
Quang Vuong (New York University)
[View Abstract] [Download Preview]
Primary Dealers, Indirect Bidders, and Direct Bidding: A Structural Model of United States Treasury Auctions
Eiichiro Kazumori (State University of New York)
Leonard Tchuindjo (United States Treasury and George Washington University)
[View Abstract] [Download Preview]
Discussants:
Ayse Ozgur Pehlivan (Bilkent University)
Jorge Balat (Johns Hopkins University)
Che-Lin Su (University of Chicago)
Pär Holmberg (Research Institute of Industrial Economics)

Jan 03, 2014 8:00 am, Philadelphia Marriott, Meeting Room 404
Econometric Society
Long Run Changes in Labor Market Outcomes (J1)
Presiding: Sephorah Mangin (Monash University)
The Role of Allocative Efficiency in a Decade of Recovery
Kaiji Chen (Emory University)
[View Abstract] [Download Preview]
Factors Affecting College Completion and Student Ability in the United States since 1900
Christopher Michael Herrington (Arizona State University)
Kevin Donovan (Arizona State University)
[View Abstract] [Download Preview]
EPL and Capital-Labor Ratios
Alexandre Janiak (University of Chile)
Etienne Wasmer (Sciences-Po)
[View Abstract]
A Theory of Factor Shares
Sephorah Joanne Mangin (Monash University)
[View Abstract] [Download Preview]

Jan 03, 2014 8:00 am, Philadelphia Marriott, Meeting Room 405
Econometric Society
The Real Effects of Financial Markets (G1)
Presiding: Franklin Allen (University of Pennsylvania)
Market Efficiency and Real Efficiency
Itay Goldstein (University of Pennsylvania)
Liyan Yang (University of Toronto)
[View Abstract]
Informational Frictions and Commodity Markets
Michael Sockin (Princeton University)
Wei Xiong (Princeton University)
[View Abstract] [Download Preview]
Learning from Peers' Stock Prices and Corporate Investment
Thierry Foucault (HEC, Paris)
Laurent Fresard (University of Maryland)
[View Abstract]
Financial Market Shocks and the Macroeconomy
Avanidhar Subrahmanyam (University of California-Los Angeles)
Sheridan Titman (University of Texas-Austin)
[View Abstract] [Download Preview]
Discussants:
Alexi Savov (New York University)
Thomas Michael Mertens (New York University)
Wei Jiang (Columbia University)
Gustavo Manso (University of California-Berkeley)

Jan 03, 2014 8:00 am, Loews Philadelphia Hotel, Commonwealth Hall A2
International Banking, Economics & Finance Association
Finance and Development/ International Finance (G2)
Presiding: Gillian Garcia (Gillian Garcia Associates)
Competition, Loan Rates and Information Dispersion in Microcredit Markets
Guillermo Baquero (European School of Management and Technology, Berlin)
Malika Hamadi (University of Sassari-Italy)
Andreas Heinen (Université de Cergy-Pontoise)
[View Abstract]
Investment in Relationship-Specific Assets: Does Finance Matter?
Martin Strieborny (Lund University)
Madina Kukenova (International Trade Center, Geneva)
[View Abstract] [Download Preview]
Finance and Growth: Time Series Evidence on Causality
Oana Peia (Université de Cergy-Pontoise)
Kasper Roszbach (Sveriges Riksbank and University of Groningen)
[View Abstract] [Download Preview]
Trilemma Stability and International Macroeconomic Archetypes
Helen Popper (Santa Clara University)
Alex Mandilaris (University of Surrey)
Graham Bird (University of Surrey)
[View Abstract] [Download Preview]
Discussants:
Matt Osborne (University of Toronto)
Jihad Dagher (International Monetary Fund)
Gibran Rezavi (University of Illinois-Chicago)
Andrei Zlate (Federal Reserve Board)

Jan 03, 2014 8:00 am, Pennsylvania Convention Center, 104-A
Labor & Employment Relations Association
Democratic Workplace Practices and Employee Ownership (J5)
Presiding: Stephen Woodbury (Michigan State University)
How Did Employee Ownership Firms Weather the Last Two Recessions? Employee Ownership and Employment Stability in the United States.
Fidan Ana Kurtulus (University of Massachusetts-Amherst)
Douglas Kruse (Rutgers University)
[View Abstract]
The Citizen's Share: The Context for Employee Stock Ownership and Profit Sharing in American History
Joseph Blasi (Rutgers University)
Richard B. Freeman (Harvard University)
Douglas Kruse (Rutgers University)
[View Abstract]
Profit Sharing and Workplace Productivity: Does Teamwork Play a Role?
Tony Fang (Monash University)
Richard Long (University of Saskatchewan)
[View Abstract] [Download Preview]
Does Employee Ownership Affect Attitudes and Behaviors? Selection, Status, and Size of Stake
Dan Weltmann (Rutgers University)
[View Abstract] [Download Preview]
Discussants:
Brad Hershbein (W.E. Upjohn Institute for Employment Research)
Stephen Woodbury (Michigan State University)

Jan 03, 2014 8:00 am, Pennsylvania Convention Center, 104-B
Labor & Employment Relations Association/International Association for Feminist Economics
Employment Policies for the Modern Era: Understanding Who Has Access to Policies on Care and How they Affect Employment (J5)
Presiding: Randy Albelda (University of Massachusetts-Boston)
Good for Business? The Case of Paid Sick Leave Legislation in Connecticut
Eileen Appelbaum (Center for Economic and Policy Research)
Ruth Milkman (City University of New York)
[View Abstract]
Impact of Child Care Policies on Parental Employment
Liana Fox (Stockholm University)
Wen-Jui Han (New York University)
Christopher Ruhm (University of Virginia)
Jane Waldfogel (Columbia University)
[View Abstract]
Workplace Flexibility: a Workplace Perk for the Most Valued Workers or Compensation for Those Who Need It Most?
Peter Berg (Michigan State University)
Heather Boushey (Center for American Progress)
Sarah Jane Glynn (Center for American Progress)
[View Abstract]
Discussants:
Heather Boushey (Center for American Progress)
Elaine McCrate (University of Vermont-Burlington)

Jan 03, 2014 8:00 am, Pennsylvania Convention Center, 102-A
Labor & Employment Relations Association
Organizing Low-Wage Workers (J5)
Presiding: Janice Fine (Rutgers University)
Promoting Economic Justice for Home Care Workers in Washington: From Warfare to Kumbayya
Patrice Mareschal (Rutgers University)
[View Abstract] [Download Preview]
Organizing and Raising Standards for Restaurant Workers: The ROC Model
Teofilo Reyes (ROC Restaurant Opportunities Center)
The New York City Carwashero Campaign
Hilary Klein (Make The Road New York)
Creating a New Union Model: Taxi Drivers in Philadelphia
Ronald Blount (Taxi Workers Alliance of Pennsylvania)
Farmworker Organizing for the Long Haul and an Introduction to Food Chain Workers' Alliance
Nelson Carrasquillo (CATA The Farmworkers Support Committee)

Jan 03, 2014 8:00 am, Pennsylvania Convention Center, 106-B
Society of Government Economists
Externalities and the Power of Perceptions for Cash Transfer Programs (D1)
Presiding: David Seidenfeld (American Institutes for Research)
Power of Perceptions: Impacts of Perceived Conditionality in an Unconditional Cash Transfer Program
David Seidenfeld (American Institutes for Research)
Sudhanshu Handa (University of North Carolina)
[View Abstract]
The Impact of a Large Scale Poverty Program on Time Discounting
Sudhanshu Handa (University of North Carolina)
David Seidenfeld (American Institutes for Research)
[View Abstract]
Evaluating Local General Equilibrium Impacts of Zambia's Child Grant Program
Karen Thome (University of California-Davis)
[View Abstract]
The Impact of Immigration on the Well-Being of Natives
Amelie Constant (IZA, Temple University and George Washington Unversity)
[View Abstract]

Jan 03, 2014 8:00 am, Philadelphia Marriott, Meeting Room 406
Transportation & Public Utilities Group
Pricing Digital Delivery of Services (L9)
Presiding: Carolyn Gideon (Tufts University)
Nonlinear Pricing: Self-Selecting Tariffs and Regulation
James Alleman (University of Colorado-Boulder)
Edmond Baranes (Temple University and Centris)
Paul Rappaport (University Montpellier 1)
[View Abstract]
A Comparative Study of Regulation and Pricing in Mobile Communications
Jun-Ji Shih (Academia Sinica)
[View Abstract] [Download Preview]
Evolution of Telephone Markets: A Choice Model of Cell and Land Line Telephone Communication
Wesley W. Wilson (University of Oregon)
[View Abstract]
Spillovers and Marginal Cost Pricing
Christaan Hogendorn (Wesleyan University)
[View Abstract]
Discussants:
David Gabel (Queens College)

Jan 03, 2014 8:00 am, Loews Philadelphia Hotel, P1 Parlor
Union for Radical Political Economists
Heterodox Analysis of the Great Recession (E3)
Presiding: James Devine (Loyola Marymount University)
From the Oil Crisis to the Great Recession: Five Crises of the World Economy
J. A. Tapia Granados (University of Michigan-Ann Arbor)
[View Abstract] [Download Preview]
Capitalism, Crisis and Class: The United States Economy After 2007-2008 Financial Crisis
Özgür Orhangazi (Kadir Has University)
Mathieu Dufour (John Jay College)
[View Abstract] [Download Preview]
Flaws in the Marxian Explanations of the Great Recession
Ismael Hossein-zadeh (Drake University)
[View Abstract] [Download Preview]
Income Inequality and the Appalachian Region Before, During and After the Great Recession
John Hisnanick (US Census Bureau)
[View Abstract] [Download Preview]
Everyday Economics: The 2007 Economic Crisis Through Internet Memes
Elizabeth Ramey (Hobart and William Smith Colleges)
[View Abstract]
Discussants:
James Devine (Loyola Marymount University)
Tim Koechlin (Vassar College)
Michael Perelman (California State University-Chico)

Jan 03, 2014 8:00 am, Loews Philadelphia Hotel, P2 Parlor
Union for Radical Political Economists
Heterodox International Economics (F2)
Presiding: Mehrene Larudee (Al Quds Bard Honors College)
Neoliberalism With a "State Capitalist" Face: The Case of BRIC Countries
Anna Klimina (University of Saskatchewan)
[View Abstract]
Macroprudential Regulations and Capital Flows: The Case of Turkey
Bilge Erten (Columbia University)
Armagan Gezici (Keene State College)
[View Abstract]
The Role of Remittance Flow in the Nepalese Economy
Kalpana Khanal (University of Missouri-Kansas City)
[View Abstract]
Gender and Decent Work in Manufacturing: The Indonesia Case
Shaianne Osterreich (Ithaca College)
[View Abstract]
Discussants:
Mehrene Larudee (Al Quds Bard Honors College)
Firat Demir (University of Oklahoma)

Jan 03, 2014 10:15 am, Philadelphia Marriott, Meeting Room 413
African Finance & Economics Association
African Economic Growth and Development (O1)
Presiding: Gregory Price (Morehouse College)
The Fundamental Determinants of International Competitiveness in African Countries with Special Reference to the CFA Zone
Julius Agbor (Stellenbosch University)
Taiwo Olumide (Centre for the Study of the Economies of Africa)
[View Abstract] [Download Preview]
Financial Development and Manufactured Exports: The African Experience
Evelyn Wamboye (Pennsylvania State University-DuBois)
Rajen Mookerjee (Pennsylvania State University-Monaca)
[View Abstract] [Download Preview]
Efficient Public Sector Audit
Gregory Iyke Ibe (Gregory University)
Moses O. Anuolam (Gregory University)
A.N. Orisakwe (Gregory University)
[View Abstract]
Governance, Growth and Development in Selected West African Countries
Akpan Ekpo (West African Institute for Financial and Economic Management)
[View Abstract] [Download Preview]
Analysis of Chinese Investment in the ECOWAS Region
Jane Karonga (United Nations)
[View Abstract]
Does Education Influence Clean-Tech Venture Capital and Private Equity Exits in Africa?
Jonathan O. Adongo (Missouri Southern State University)
[View Abstract] [Download Preview]
Discussants:
Thouraya Triki (African Development Bank)
David Poyer (Morehouse College)
Fekru Debebe (Educational Testing Service)
Malokele Nanivazo (United Nations University)
Kidaya Ntoko (City University of New York and Queens College)

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Commonwealth Hall A1
Agricultural & Applied Economics Association
How Innovation and Technology Affect Contract Terms in Farming (O1)
Presiding: David Zilberman (University of California-Berkeley)
The Economics of Contract Farming: A Credit and Investment Perspective
Liang Lu (University of California-Berkeley)
Xiaoxue Du (University of California-Berkeley)
David Zilberman (University of California-Berkeley)
[View Abstract] [Download Preview]
Contracting for Energy Crops: Effect of Risk Preferences and Land Quality
Xi Yang (University of Illinois)
Nick Paulson (University of Illinois)
Madhu Khanna (University of Illinois)
[View Abstract] [Download Preview]
Adapting Contract Theory to Fit Contract Farming
Steven Wu (Purdue University)
[View Abstract]
The Transition to Modern Agriculture: Contract Farming in Developing Countries
H. Holly Wang (Purdue University)
[View Abstract] [Download Preview]

Jan 03, 2014 10:15 am, Philadelphia Marriott, Liberty Ballroom
American Economic Association
Capital Controls and Macro-Prudential Policies (F4)
Presiding: Mark Spiegel (Federal Reserve Bank of San Francisco)
Capital Controls: Myth and Reality
Nicolas Magud (International Monetary Fund)
Kenneth Rogoff (Harvard University)
Carmen M. Reinhart (Harvard University)
[View Abstract] [Download Preview]
Prudential Policy for Peggers
Stephanie Schmitt-Grohe (Columbia University)
Martin Uribe (Columbia University)
[View Abstract]
Capital Controls and Optimal Chinese Monetary Policy
Chun Chang (Shanghai Advanced Institute of Finance)
Zheng Liu (Federal Reserve Bank of San Francisco)
Mark Spiegel (Federal Reserve Bank of San Francisco)
[View Abstract] [Download Preview]
Capital Controls or Macroprudential Regulation?
Anton Korinek (Johns Hopkins University and NBER)
Damiano Sandri (International Monetary Fund)
[View Abstract]
Discussants:
Javier Bianchi (University of Wisconsin-Madison)
Alessandro Rebucci (Johns Hopkins University)
Xiaodong Zhu (University of Toronto)
Suman Basu (International Monetary Fund)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 103-C
American Economic Association
Cognitive and Selection Biases: Implications for Interpreting and Identifying Subjective Well-Being Models (C1)
Presiding: James Heckman (University of Chicago)
Non-Response and Selection Bias in Happiness Data: Evidence from the Surveys of Consumers
Ori Heffetz (Cornell University)
[View Abstract]
Ask a Silly Question and Get a Silly Answer? An Experimental Analysis of the Impact of Survey Design on Measures and Models of Subjective Wellbeing
Angus Holford (University of Essex)
Steve Pudney (University of Essex)
[View Abstract] [Download Preview]
Loss Aversion in the Macroeconomy: Global Evidence Using Subjective Well-Being Data
Jan-Emmanuel De Neve (University College London, INSEAD, and LSE Centre for Economic Performance)
Michael Norton (Harvard Business School)
George Ward (Centre for Economic Performance)
Femke De Keulenaer (Gallup Organization)
Bert Van Landeghem (University of Sheffield , Maastricht University and IZA)
George Kavetsos (London School of Economics)
[View Abstract]
Panel Conditioning and Self-Reported Satisfaction: Evidence from International Panel Data
Bert Van Landeghem (University of Sheffield, Maastricht University and IZA)
[View Abstract] [Download Preview]
Discussants:
Gabriella Conti (University of Chicago)
Carol Graham (Brookings Institution)
James J. Heckman (University of Chicago)
Arie Kapteyn (University of Southern California)

Jan 03, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon I
American Economic Association
CSMGEP Dissertation Session (E0)
Presiding: Marie Mora (University of Texas-Pan American)
Bias or Behavior? Using Differences between Teacher Reports and Administrative Records to Identify Bias in Teacher Perceptions of Student Behavior
Dania V. Francis (University of Massachusetts-Amherst)
[View Abstract] [Download Preview]
Is rising non-teacher pay to blame for falling teacher quality? Lessons from the introduction of the birth control pill
Candace Hamilton Hester (University of California-Berkeley)
[View Abstract] [Download Preview]
Housing and Monetary Policy
Ejindu Ume (University of Alabama)
Robert Reed (University of Alabama)
[View Abstract] [Download Preview]
A Dynamic Nelson-Siegel Model with Markov Switching
Jared Levant (University of Alabama)
Jun Ma (University of Alabama)
[View Abstract] [Download Preview]
Discussants:
Jose N. Martinez (University of North Texas)
Juan Carlos Suárez Serrato (Stanford University)
Javier A. Reyes (University of Arkansas)

Jan 03, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon E
American Economic Association
Discounting for the Long Run (D8)
Presiding: Nicholas Stern (London School of Economics)
Discounting and Growth
Christian Gollier (Toulouse School of Economics)
[View Abstract] [Download Preview]
Declining Discount Rates
Maureen Cropper (University of Maryland)
Mark C. Freeman (Loughborough University)
Ben Groom (London School of Economics)
William A. Pizer (Duke University)
[View Abstract] [Download Preview]
Fat Tails and the Social Cost of Carbon
Martin Weitzman (Harvard University)
[View Abstract] [Download Preview]
On Not Revisiting Official Discount Rates: Institutional Inertia and the Social Cost of Carbon
Cass Sunstein (University of Chicago)
[View Abstract]
Discussants:
Kenneth Arrow (Stanford University)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 203-B
American Economic Association
Effects of Public Policy Changes (H4)
Presiding: Allen Sanderson (University of Chicago)
Does Federal Disaster Assistance Crowd Out Private Demand for Insurance?
Carolyn Kousky (Resources for the Future)
Erwann Michel-Kerjan (University of Pennsylvania)
Paul A. Raschky (Monash University)
[View Abstract] [Download Preview]
Highway Procurement and the Stimulus Package: Identification and Estimation of Dynamic Auctions with Unobserved Heterogeneity
Jorge Balat (Johns Hopkins University)
[View Abstract]
Did the Swine Flu Save Lives? Evidence from Mexico
Trinidad Beleche (Food and Drug Administration)
Jorge M. Aguero (University of Connecticut)
[View Abstract] [Download Preview]
Spatial Decentralization and Program Evaluation: Evidence from Women and Children in Indonesia
Mark Pitt (Brown University)
Nidhiya Menon (Brandeis University)
[View Abstract]

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 103-A
American Economic Association
Entrepreneurship, Innovation, and Management (L2)
Presiding: Nicholas Bloom (Stanford University and NBER)
A Continuum of Leadership Structures: How Do CEOs See Their Role?
William Mullins (Massachusetts Institute of Technology)
Antoinette Schoar (Massachusetts Institute of Technology, NBER, and ideas42)
[View Abstract] [Download Preview]
The Impact of Global Angel Financing
Joshua Lerner (Harvard University and NBER)
Antoinette Schoar (Massachusetts Institute of Technology, NBER, and ideas42)
Karen Wilson (OECD)
[View Abstract]
Management and IT in America
Nicholas Bloom (Stanford University and NBER)
Erik Brynjolfsson (Massachusetts Institute of Technology and NBER)
Lucia Foster (US Census Bureau)
Ron Jarmin (US Census Bureau)
Itay Saporta-Eksten (Stanford University)
[View Abstract] [Download Preview]
The Secular Decline in Business Dynamism in the United States
Ryan Decker (University of Maryland)
John Haltiwanger (University of Maryland and NBER)
Ron Jarmin (US Census Bureau)
Javier Miranda (US Census Bureau)
[View Abstract]

Jan 03, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon L
American Economic Association
Experiments and the Economics Classroom (I2) (Panel Discussion)
Panel Moderator: Tisha Emerson (Baylor University)
Sheryl Ball (Virginia Tech)
Ted Bergstrom (University of California-Santa Barbara)
Charles Holt (University of Virginia)
John Morgan (University of California-Berkeley)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 202-B
American Economic Association
Finance and Asset Markets (G1)
Presiding: Caleb Stroup (Grinnell College)
Financial Instability via Adaptive Learning
Noah Williams (University of Wisconsin-Madison)
[View Abstract] [Download Preview]
"Shooting" the CAPM
Hang Bai (Ohio State University)
Howard Kung (University of British Columbia)
Lu Zhang (Ohio State University)
[View Abstract]
No News is Good News
Joon Y. Hur (California State University-Northridge)
Eric M. Leeper (Indiana University)
Todd B. Walker (Indiana University)
[View Abstract]
Network Effects, Cascades, and CCP Interoperability
Matthew Pritsker (Federal Reserve Bank of Boston)
Xiaobing Feng (Shanghai Jiaotong University)
Beom Jun Kim (SKK University, South Korea)
[View Abstract]
Examining the Effect of Social Network on Prediction Markets through a Controlled Experiment
Liangfei Qiu (University of Texas-Austin)
Huaxia Rui (University of Rochester)
Andrew Whinston (University of Texas-Austin)
[View Abstract] [Download Preview]

Jan 03, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon J
American Economic Association
Firms, Uncertainty and the Business Cycle (E3)
Presiding: Alessandro Barbarino (Federal Reserve Board)
On the Cyclicality of Aggregate Idiosyncratic Volatility
Junghoon Lee (Emory University)
[View Abstract]
Entry, Exit, Firm Dynamics, and Aggregate Fluctuations
Berardino Palazzo (Boston University)
Gian Luca Clementi (New York University)
[View Abstract] [Download Preview]
Delayed Capital Reallocation
Wei Cui (Princeton University)
[View Abstract] [Download Preview]
Systemic Risk and the Macroeconomy: An Empirical Evaluation
Seth Pruitt (Federal Reserve Board)
Stefano Giglio (University of Chicago)
Bryan T. Kelly (University of Chicago)
Xiao Qiao (University of Chicago)
[View Abstract] [Download Preview]
Optimal Patronage
Mikhail Drugov (Universidad Carlos III de Madrid)
[View Abstract] [Download Preview]

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 103-B
American Economic Association
Gains from Trade When Firms Matter (F1)
Presiding: Pol Antras (Harvard University)
Together at Last: Trade Costs, Demand Structure, and Welfare
Peter Neary (University of Oxford)
Monika Mrazova (University of Surrey)
[View Abstract] [Download Preview]
Monopolistic Competition and Optimum Product Selection
Gianmarco IP Ottaviano (London School of Economics)
[View Abstract] [Download Preview]
Welfare and Trade Without Pareto
Keith Head (University of British Columbia and CEPR)
Thierry Mayer (Sciences-Po)
Mathias Thoenig (University of Lausanne and CEPR)
[View Abstract] [Download Preview]
Missing Gains From Trade?
Marc J. Melitz (Harvard University)
Stephen J. Redding (Princeton University)
[View Abstract] [Download Preview]
Discussants:
Swati Dhingra (London School of Economics)
Lorenzo Caliendo (Yale University)
Jonathan Eaton (Pennsylvania State University)
Gordon H. Hanson (University of California-San Diego)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 204-B
American Economic Association
Gender Gaps in Labor Market Outcomes (J7)
Presiding: Lise Vesterlund (University of Pittsburgh)
Gender Identity and Relative Income within Households
Marianne Bertrand (University of Chicago)
Emir Kamenica (University of Chicago)
Jessica Pan (National University of Singapore)
[View Abstract]
Preferences and Biases in Education Choices and Labor Market Expectations: Shrinking the Black Box of Gender
Ernesto Reuben (Columbia University)
Matthew Wiswall (Arizona State University)
Basit Zafar (Federal Reserve Bank of New York)
[View Abstract] [Download Preview]
An Experimental Investigation into Gender Differences in Wage Negotiations
Mary Rigdon (Rutgers University)
[View Abstract] [Download Preview]
Returns to Elite Higher Education in the Marriage Market: Evidence from Chile
Katja Kaufmann (Bocconi University)
Matthias Messner (Bocconi University)
Alex Solis (Uppsala University)
[View Abstract] [Download Preview]
Discussants:
Matthew Wiswall (Arizona State University)
Francine D. Blau (Cornell University)
Catherine Eckel (Texas A&M University)
Lesley Turner (University of Maryland)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 201-B
American Economic Association
Housing Bubbles and Beliefs (E3)
Presiding: Wei Xiong (Princeton University)
Understanding Booms and Busts in Housing Markets
Craig Burnside (Duke University)
Martin Eichenbaum (Northwestern University)
Sergio Rebelo (Northwestern University)
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Distant Speculators and Asset Bubbles in the Housing Market
Alexander Chinco (New York University)
Christopher Mayer (Columbia University)
[View Abstract]
Housing Dynamics and Extrapolation
Edward Glaeser (Harvard University)
[View Abstract]
Wall Street and the Housing Bubble
Ing-Haw Cheng (Dartmouth College)
Sahil Raina (University of Michigan)
Wei Xiong (Princeton University)
[View Abstract] [Download Preview]
Discussants:
Monika Piazzesi (Stanford University)
Johannes Stroebel (New York University)
Harrison Hong (Princeton University)
Nicholas C. Barberis (Yale University)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 201-C
American Economic Association
Is Neglect Benign? The Case of United States Housing Finance Policy (H5)
Presiding: Robert Shiller (Yale University)
Why Is Housing Finance Still Stuck in Such a Primitive Stage?
Robert Shiller (Yale University)
[View Abstract] [Download Preview]
Holding Government Unaccountable: The Mortgage Mess, the Press, and the Politics of Inattention
Andrew Caplin (New York University)
Roy Lowrance (New York University)
[View Abstract] [Download Preview]
Evaluating Policies to Prevent Another Crisis: An Economist's View
Paul Willen (Federal Reserve Bank of Boston)
[View Abstract] [Download Preview]
Housing assignment with restrictions: theory and evidence from Stanford campus
Tim Landvoigt (Stanford University)
Monika Piazzesi (Stanford University)
Martin Schneider (Stanford University)
[View Abstract] [Download Preview]
Discussants:
Deborah Lucas (Massachusetts Institute of Technology)
Joseph Tracy (Federal Reserve Bank of New York)
Joseph Gyourko (University of Pennsylvania)
Thomas Cooley (New York University)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 201-A
American Economic Association
Looking Back at the United States during the Late Nineteenth Century: Lessons from the American Economy during the Time of the Great Migration Era (J6)
Presiding: Ethan Lewis (Dartmouth College)
A Nation of Immigrants: Assimilation and Economic Outcomes in the Age of Mass Migration
Ran Abramitzky (Stanford University)
Leah Platt Boustan (University of California-Los Angeles)
Katherine Eriksson (University of California-Los Angeles)
[View Abstract] [Download Preview]
Technical Change and the Relative Demand for Skilled Labor: The United States in Historical Perspective
Lawrence Katz (Harvard University)
Robert A. Margo (Boston University)
[View Abstract] [Download Preview]
People and Machines: A Look at the Evolving Relationship between Capital and Skill In Manufacturing 1850-1940 Using Immigration Shocks
Jeanne Lafortune (Pontificia Universidad Catolica de Chile)
Ethan Lewis (Dartmouth College)
Jose Tessada (Pontificia Universidad Catolica de Chile)
[View Abstract] [Download Preview]
Melted in the Pot or Consigned to the Ghetto? The Dynamics of Segregation and Assimilation in Urbanizing America
Allison Shertzer (University of Pittsburgh)
Randall Walsh (University of Pittsburgh)
[View Abstract]
Discussants:
Richard Hornbeck (Harvard University)
Darren Lubotsky (University of Illinois-Urbana-Champaign)
David H. Autor (Massachusetts Institute of Technology)
Elizabeth U. Cascio (Dartmouth College)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, Grand Hall
American Economic Association
Macroeconomics Poster Session (E1) (Poster Session)
Presiding: Ed Gamber (Lafayette College)
Multiyear Budgets and Fiscal Performance: Panel Data Evidence
Razvan Vlaicu (University of Maryland)
[Download Preview]
Are Long-Term Inflation Expectations Well Anchored in Brazil, Chile and Mexico?
Michiel De Pooter (Federal Reserve Board of Governors)
Patrice Robitaille (Federal Reserve Board of Governors)
Ian Walker (Federal Reserve Board of Governors)
Michael Zdinak (Federal Reserve Board of Governors)
[Download Preview]
The Role of Source- and Host-Country Characteristics in Female Immigrant Labor Supply
Sebastian Otten (Ruhr University Bochum)
Julia Bredtmann (Ruhr University Bochum)
[Download Preview]
A Cross-Country Analysis of Health Care Expenditures: Understanding the United States Gap
Alex R. Horenstein (University of Miami)
Manuel S. Santos (University of Miami)
[Download Preview]
Technological Change in Resource Extraction and Endogenous Growth
Martin Stuermer (University of Bonn)
Gregor Schwerhoff (Potsdam Institute for Climate Impact Research)
[Download Preview]
Employer Learning, Job Changes, and Wage Dynamics
Seik Kim (University of Washington)
Emiko Usui (Nagoya University)
[Download Preview]
Lumpy Investment in Sticky Information General Equilibrium
Fabio Verona (Bank of Finland)
[Download Preview]
Agreement Formation in International Public Goods Provision with Heterogeneous Agents
Christine Gutekunst (Maastricht University)
Kaj Thomsson (Maastricht University)
[Download Preview]
Investment Decisions of the Elderly
Valentina Michelangeli (Bank of Italy)
[Download Preview]
Parental Investments in Children and Business Cycles
Rita Ginja (Uppsala University)
Efficient Risk Sharing with Limited Commitment and Storage
Sarolta Laczo (IAE-CSIC and Barcelona GSE)
Arpad Abraham (European University Institute)
[Download Preview]
Culture and Development
Claudia Williamson (Mississippi State University)
Savings Behavior and Means-Tested Programs
Felix Wellschmied (University of Bonn)
[Download Preview]
How Does Bank Trading Activity Affect Performance? An Investigation Before and After the Financial Crisis
Keke Song (Dalhousie University)
Nadia Massoud (York University)
Michael R. King (University of Western Ontario)
[Download Preview]
Basel I, II, and III: A Welfare Analysis using a DSGE Model
Margarita Rubio (University of Nottingham)
José Carrasco-Gallego (Universidad Rey Juan Carlos)
[Download Preview]
Trend Shocks and Financial Frictions in Small Open Economies' Modeling
Alberto Ortiz bolanos (EGADE Business School and CEMLA)
Jacob Wishart (U.S. Department of Transportation)
[Download Preview]
Does Financial Integration Increase Welfare? Evidence From International Household-Level Data
Christian Friedrich (Bank of Canada)
[Download Preview]
Election Cycle of Real Exchange Rate in Latin America and East Asia
Sainan Huang (ESSEC Business School)
Cristina Terra (Université de Cergy Pontoise)
[Download Preview]
Welfare Effects of Consumption Taxes
Qian Li (Stony Brook University)
[Download Preview]
The Effects of Macroeconomic Aggregates on Fertility Decisions: Theory and Evidence from the United States Annual Data
Salem Abo-Zaid (Texas Tech University)
[Download Preview]
Aging and Monetary Policy
Zeynep Kantur (Bilkent University)
[Download Preview]
Historical Energy Price Shocks and their Effects on the Economy
Roger Fouquet (London School of Economics)
Dirk-Jan van de Ven (Basque Centre for Climate Change (BC3))
[Download Preview]
How Does a Country's Firm or Domestic Region Engage Global Value Chains?
Zhi Wang (U.S. International Trade Commission)
Bo Meng (Institute of Developing Economies – JETRO)
Robert Koopman (U.S. International Trade Commission)
[Download Preview]
Labor Supply Substitution and the Ripple Effect of Minimum Wages
Brian J. Phelan (DePaul University)
[Download Preview]
A Theoretically-based Experimental Method to Elicit Women's Intra-household Baragaining Power
Wenbo Zou (University of California, Davis)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 202-A
American Economic Association
Monetary Policy (E5)
Presiding: Eric Sims (University of Notre Dame)
The Liquidity Premium of Money Like Assets
Stefan Nagel (Stanford University)
[View Abstract]
Inflation Announcements and Social Dynamics
Kinda Hachem (University of Chicago)
Jing Cynthia Wu (University of Chicago)
[View Abstract] [Download Preview]
On the Efficiency of Nominal GDP Targeting in a Large Open Economy
M. Udara Peiris (ICEF, NRU Higher School of Economics)
Matthew D. Hoelle (Purdue University)
[View Abstract] [Download Preview]
Capital Flows and the Risk-Taking Channel of Monetary Policy
Valentina Bruno (American University)
Hyun S. Shin (Princeton University)
[View Abstract]
Exchange Rate and Price Dynamics in a Small Open Economy – The Role of the Zero Lower Bound and Monetary Policy Regimes
Daniel Kaufmann (Swiss National Bank)
Gregor Bäurle (Swiss National Bank)
[View Abstract] [Download Preview]

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 107-B
American Economic Association
Revealed Preference Theory and Applications: Recent Developments (D1)
Presiding: Bram De Rock (Université libre de Bruxelles)
Rational Inattention and State Dependent Stochastic Choice
Mark Dean (Brown University)
[View Abstract]
Prices versus Preferences: Taste Change and Tobacco Consumption
Abigail Adams (University of Oxford)
Martin Browning (University of Oxford)
Ian Crawford (University of Oxford)
Richard Blundell (University College London)
[View Abstract] [Download Preview]
Why Law Breeds Cycles
Alvaro Sandroni (Northwestern University)
[View Abstract]
Sharing Rule Identification for General Collective Consumption Models
Laurens Cherchye (University of Leuven)
Bram De Rock (Université libre de Bruxelles)
Arthur Lewbel (Boston College)
Frederic Vermeulen (University of Leuven)
[View Abstract]
Discussants:
Arthur Lewbel (Boston College)
Abi Adams (Oxford University)
Thomas Demuynck (University of Leuven)
Laurens Cherchye (University of Leuven)

Jan 03, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon F
American Economic Association
Strategies for Achieving Fiscal Balance (H6) (Panel Discussion)
Panel Moderator: David Leonhardt (The New York Times)
Alan Auerbach (University of California-Berkeley)
Glenn Hubbard (Columbia University)
Peter R. Orszag (Citigroup)
Charles Wyplosz (Graduate Institute, Geneva)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 204-A
American Economic Association
The Analysis of Big Data: New Tools and New Results with Health and Finance Applications (I1)
Presiding: Martin Gaynor (Carnegie Mellon University)
Does Better Medical Care Cost More? An Analysis of Key Trends in Hospital Pricing in the United States
John Van Reenen (London School of Economics)
Martin S. Gaynor (Carnegie Mellon University)
Zack Cooper (Yale University)
[View Abstract]
Do Noise Traders Drive Momentum? Evidence from Ticker Lookups
Susan Athey (Stanford University)
Stefano DellaVigna (University of California-Berkeley)
[View Abstract]
Machine Learning and Econometrics
Hal Varian (Google)
[View Abstract] [Download Preview]
Selection and Competition in Medicare Advantage
Jonathan Levin (Stanford University)
Liran Einav (Stanford University)
Jay Bhattacharya (Stanford University)
Vilsa Curto (Stanford University)
[View Abstract]

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 203-A
American Economic Association
The Economic Impact of Ambiguity: Theory and Evidence (D1)
Presiding: Olivia Mitchell (University of Pennsylvania)
Ambiguity Aversion and Household Portfolio Choice: Empirical Evidence
Stephen G. Dimmock (Nanyang Technological University)
Roy Kouwenberg (Mahidol University)
Olivia S. Mitchell (University of Pennsylvania)
Kim Peijnenburg (Bocconi University)
[View Abstract] [Download Preview]
Making the Anscombe-Aumann Approach to Ambiguity Suited for Descriptive Applications
Stefan Trautmann (Tilburg University)
Peter Wakker (Erasmus University)
[View Abstract] [Download Preview]
Measuring Ambiguity Aversion
James Andreoni (University of California-San Diego)
Charles Sprenger (Stanford University)
[View Abstract]
Willingness to Wait under Risk and Ambiguity
Marco Della Seta (University of Lausanne)
Sebastian Gryglewicz (Erasmus University Rotterdam)
Peter Kort (Tilburg University)
[View Abstract] [Download Preview]
Discussants:
Luigi Guiso (Einaudi Institute for Economics and Finance)
Gharad Bryan (London School of Economics)
Aldo Rustichini (University of Minnesota)
Santosh Anagol (University of Pennsylvania)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 105-B
American Economic Association
The Great Recession's Effect on Well-Being Through Different Prisms (I3)
Presiding: Karen Dynan (Brookings Institution)
The More Things Change, the More They Stay the Same: The Safety Net, Living Arrangements, and Poverty in the Great Recession
Marianne Bitler (University of California-Irvine)
Hilary W. Hoynes (University of California-Davis)
[View Abstract] [Download Preview]
How Job Displacement Affects Social Security Claiming and Work at Older Ages in the Short and Long Term
Till von Wachter (University of California-Los Angeles)
[View Abstract]
The Great Recession and Fringe Banking
Sumit Agarwal (National University of Singapore)
Tal Gross (Columbia University)
Bhashkar Mazumder (Federal Reserve Bank of Chicago)
[View Abstract]
Exploring the Divergence of Consumption and Income Inequality during the Great Recession
Jonathan D. Fisher (US Census Bureau)
David S. Johnson (US Census Bureau)
Timothy Smeeding (University of Wisconsin)
[View Abstract] [Download Preview]
Discussants:
Katherine Abraham (University of Maryland)
Melvin Stephens, Jr (University of Michigan)

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Commonwealth Hall B
American Finance Association
Chasing Alpha (G1)
Presiding: Andrew Metrick (Yale University)
Excess Autocorrelation and Mutual Fund Performance
Xi Dong (INSEAD)
Massimo Massa (INSEAD)
[View Abstract] [Download Preview]
How Skilled are Hedge Funds? Evidence from Their Daily Trades
Russell Jame (University of New South Wales)
[View Abstract]
Predicting Mutual Fund Performance: The Win-Loss Record as an Ability Signal
Y. Peter Chung (University of California-Riverside)
Thomas Kim (University of California-Riverside)
[View Abstract] [Download Preview]
Seasonal Asset Allocation: Evidence From Mutual Fund Flows
Mark J. Kamstra (York University)
Lisa A. Kramer (University of Toronto)
Maurice D. Levi (University of British Columbia)
Russ Wermers (University of Maryland)
[View Abstract]
Discussants:
Sugata Ray (University of Florida)
Martijn Cremers (University of Notre Dame)
Dong Lou (London School of Economics)

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Commonwealth Hall C
American Finance Association
Credit Rating Agencies (G2)
Presiding: Paolo Fulghieri (University of North Carolina-Chapel Hill)
Are Credit Ratings Subjective? The Role of Credit Analysts in Determining Ratings
Cesare Fracassi (University of Texas-Austin)
Stefan Petry (University of Melbourne)
Geoffrey Tate (University of North Carolina-Chapel Hill)
[View Abstract] [Download Preview]
Did Going Public Impair Moody's Credit Ratings?
Simi Kedia (Rutgers University)
Shivaram Rajgopal (Emory University)
Xing Zhou (Rutgers University)
[View Abstract] [Download Preview]
Does the Market Understand Rating Shopping? Predicting MBS Losses with Initial Yields
Jie He (University of Georgia)
Jun Qian (Boston College)
Philip Strahan (Boston College)
[View Abstract]
Discussants:
Bo Becker (Harvard Business School)
Gunter Strobl (Frankfurt School of Management)
Han Xia (University of Texas-Dallas)

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Regency Ballroom B
American Finance Association
New Evidence on Fixed Income Liquidity (G1)
Presiding: Ingrid Werner (Ohio State University)
To Disclose or not to Disclose: Transparency and Liquidity in the Structured Product Market
Nils Friewald (Vienna University of Economics and Business)
Rainer Jankowitsch (Vienna University of Economics and Business)
Marti Subrahmanyam (New York University)
[View Abstract] [Download Preview]
Government Intervention and Strategic Trading in the United States Treasury Market
Paolo Pasquariello (University of Michigan)
Jennifer Roush (Federal Reserve Board)
Clara Vega (Federal Reserve Board)
[View Abstract]
Liquidity and Price Impacts of Financial Distress: Evidence from the Market for Defaulted Bonds
Song Han (Federal Reserve Board)
Ke Wang (Federal Reserve Board)
[View Abstract]
Sovereign Credit Risk, Liquidity and ECB Intervention: Deus Ex Machina?
Loriana Pelizzon (Ca' Foscari University of Venice and Goethe University)
Marti Subrahmanyam (New York University)
Davide Tomio (Copenhagen Business School)
Jun Uno (Waseda University)
[View Abstract] [Download Preview]
Discussants:
Jack Bao (Ohio State University)
Michael Fleming (Federal Reserve Bank of New York)
Ben Iverson (Harvard University)
Antje Berndt (Carnegie Mellon University)

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Millennium Hall
American Finance Association
Optimal Institutions for Behavioral Investors (G0))
Presiding: Luigi Zingales (University of Chicago)
David Laibson (Harvard University)

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Regency Ballroom A
American Finance Association
Risk Management and Corporate Options (G3)
Presiding: Jennifer Carpenter (New York University)
Real Investment with Financial Hedging
Ilona Babenko (Arizona State University)
Yuri Tserlukevich (Arizona State University)
[View Abstract]
Liquidity Hoarding and Investment under Uncertainty
Patrick Bolton (Columbia University)
Neng Wang (Columbia University)
Jinqiang Yang (Shanghai University of Finance and Economics)
[View Abstract]
The Determinants of Recovery Rates in the United States Corporate Bond Market
Rainer Jankowitsch (Vienna University of Economics and Business)
Florian Nagler (Vienna University of Economics and Business)
Marti Subrahmanyam (New York University)
[View Abstract]
Discussants:
Vijay Yerramilli (University of Houston)
Vicky Henderson (University of Oxford)
Jingzhi Huang (Penn State University)

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Commonwealth Hall D
American Finance Association
The Currency Carry Trade: New Evidence and Theory (G1)
Presiding: Chris Telmer (Carnegie Mellon University)
Currency Carry Trades and Funding Risk
Sara Ferreira Filipe (University of Luxembourg)
Matti Suominen (Aalto University)
[View Abstract]
Volatility Risk Premia and Exchange Rate Predictability
Pasquale Della Corte (Imperial College London)
Tarun Ramadorai (University of Oxford)
Lucio Sarno (City University London)
[View Abstract] [Download Preview]
Growth Risk of Nontraded Industries and Asset Pricing
Ngoc-Khanh Tran (Washington University-St. Louis)
[View Abstract] [Download Preview]
Commodity Trade and the Carry Trade: A Tale of Two Countries
Robert Ready (University of Rochester)
Nikolai Roussanov (University of Pennsylvania)
Colin Ward (University of Pennsylvania)
[View Abstract]
Discussants:
Matteo Maggiori (New York University)
Adrien Verdelhan (Massachusetts Institute of Technology)
Tarek Hassan (University of Chicago)
Michael Michaux (University of Southern California)

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Washington A
American Real Estate & Urban Economic Association
Mortgages 1 (G2)
Presiding: Morris Davis (University of Wisconsin)
The Effect of Mortgage Payment Reduction on Default: Evidence from the Home Affordable Refinance Program
Jared Janowiak (Freddie Mac)
Lu Ji (Freddie Mac)
Kadiri Karamon (Freddie Mac)
Douglas McManus (Freddie Mac)
Jun Zhu (Freddie Mac)
[View Abstract]
Equity Extraction and Mortgage Default
Steven Laufer (Federal Reserve Board)
[View Abstract]
Household Debt Dynamics: How Do Struggling Homeowners Manage Credit?
Sewin Chan (New York University)
Andrew Haughwout (Federal Reserve Bank of New York)
Andrew Hayashi (New York University)
Wilbert van der Klaauw (Federal Reserve Bank of New York)
[View Abstract]
The Selection and Treatment Effects of Loan Modifications: Evidence from Rejected Modification Applicants
Yan Chang (Freddie Mac)
Weizheng Xiao (Freddie Mac)
[View Abstract] [Download Preview]
Discussants:
Erwan Quintin (University of Wisconsin)
Wilbert van der Klaauw (Federal Reserve Bank of New York)
Yongqiang Chu (University South Carolina)
Kerry Vandell (University of California-Irvine)

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Washington B
American Real Estate & Urban Economic Association
Real Estate and Risk (G1)
Presiding: Jay Hartzell (University of Texas-Austin)
Macroeconomic risk factors and the role of mispriced credit in the returns from international real estate securities
Andrey Pavlov (Simon Fraser University)
Eva Steiner (University of Cambridge)
Susan Wachter (University of Pennsylvania)
[View Abstract] [Download Preview]
Disincentives for Risk-Taking in Mortgage and Other Financial Markets: Adjusting Management Remuneration
Rose Lai (University of Macau)
Robert Van Order (George Washington University)
[View Abstract] [Download Preview]
The Design of Mortgage-Backed Securities and Servicer Contracts
Robert Mooradian (Northeastern University)
Pegaret Pichler (Northwestern University)
[View Abstract] [Download Preview]
Short Sales and Price Discovery in Real Estate Markets
T.C.C. Lai (University of Hong Kong)
Siu Kei Wong (University of Hong Kong)
[View Abstract] [Download Preview]
Discussants:
Tobias Muhlhofer (University of Texas-Austin)
Alan Crane (Rice University)
Alexei Tchistyi (University of California-Berkeley)
Wenlan Qian (National University of Singapore)

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Washington C
American Real Estate & Urban Economic Association
Regulations, Policies, and Housing Dynamics (E3)
Presiding: John Duca (Federal Reserve Bank of Dallas)
Macroprudential and Monetary Policies: Implications for Financial Stability and Welfare
Jose Carrasco-Gallego (Universidad Rey Juan Carlos)
Margarita Rubio (University of Nottingham)
[View Abstract] [Download Preview]
Shifting Credit Standards and the Boom and Bust in United States House Prices: Time Series Evidence from the Past Three Decades
John Duca (Federal Reserve Bank of Dallas)
John Muellbauer (Oxford University)
Anthony Murphy (Federal Reserve Bank of Dallas)
[View Abstract] [Download Preview]
Clustered Housing Cycles
Ruben Hernandez-Murillo (Federal Reserve Bank of St. Louis)
Michael Owyang (Federal Reserve Bank of St. Louis)
Margarita Rubio (University of Nottingham)
[View Abstract]
Implications of United States Tax Policy for House Prices and Rents
Kamila Sommer (Federal Reserve Board)
Paul Sullivan ()
[View Abstract] [Download Preview]
Discussants:
Daniel K. Fetter (Wellesley College)
John Krainer (Federal Reserve Bank of San Francisco)
Roland Fuess (University of St. Gallen)
Don Schlagenhauf (Florida State University)

Jan 03, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon A
Association for Comparative Economic Studies
Firms and Workers, Institutions and Markets in Transition and Emerging Economies (P2) (Poster Session)
Presiding: Hartmut Lehmann (University of Bologna)
The Impact of Local Governance Institutions on Foreign Market Listings: The Case of Chinese Firms
Abigail S Hornstein (Wesleyan University)
[Download Preview]
Corporate Environmental Strategy in Transition Countries
Dietrich Earnhart (University of Kansas)
[Download Preview]
The Impact of Liberalization and Institutions on Financial Volatility in Transition Economies:A GARCH Family Approach
Christopher A. Hartwell (Moscow School of Management SKOLKOVO)
[Download Preview]
Constraints to the Growth of Micro Firms in Northern Myanmar
El-hadj Bah (University of Auckland)
Geoff Cooper (University of Auckland)
[Download Preview]
Financial Market Diversity and Macroeconomic Stability across Countries and Time
Christian E. Weller (University of Massachusetts-Boston)
Ghazal Zulfiqar (University of Massachusetts-Boston)
Financial Integration and its Effects on Economic Growth
Christophe Rault (Laboratoire d'Economie d'Orleans)
Financial Development and Employment - Evidence from Transition Countries
Susan Steiner (Leibniz University of Hannover)
Dorthea Schäfer (DIW Berlin)
Elitism and Return to CPC Membership in China
Yunzhi Hu (University of Chicago)
Yang Yao (Peking University)
[Download Preview]
Corporate Governance and Performance: Evidence from Russian Non-listed Firms
Carsten Sprenger (Higher School of Economics Moscow)
Olga Lazareva (Higher School of Economics Moscow)
Sergey Stepanov (New Economics School Moscow)
Labor Market Shocks, Propensity to Risk and Labor Market Choices in Ukraine
Norberto Pignatti (International School of Economics - Tbilisi)
Assessing the Impact of the Maternity Capital Policy in Russia
Fabian Slonimczyk (Higher School of Economics Moscow)
Anna Yurko (Higher School of Economics Moscow)
[Download Preview]
What Determined the Impact of the 2008-2010 Economic Crisis on Households? Evidence from the Life in Transition Survey II
Elena Nikolova (EBRD)
Carly Petracco (EBRD)
Jeromin Zettelmeyer (EBRD)
The Impact of FDI on Child Labor: Insights from an Empirical Analysis of Sectoral FDI Data and Case Studies
Nadia Doytch (City University of New York)
Ron Mendoza (Asian Institute of Management)
Nina Thelen (United Nations Development Program)
[Download Preview]

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Regency Ballroom C1
Association for Evolutionary Economics
Fiscal and Debt Policies for the Future (B5)
Presiding: Philip Arestis (University of Cambridge)
The Future of Debt and Deficit Policies: Democracy, Technocracy and Public Policymaking
Yiannis Kitromilides (London Metropolitan University)
[View Abstract]
Prospects of Future Fiscal and Debt Policies in the United Kingdom
Philip Arestis (University of Cambridge)
Malcolm Sawyer (University of Cambridge)
[View Abstract]
Sustainable Future Fiscal and Debt Policies for Spain
Jesus Ferreiro (University of the Basque Country)
Carmen Gomez (University of the Basque Country)
Felipe Serrano (University of the Basque Country)
[View Abstract] [Download Preview]
Fiscal and Debt Policies for Sustainable United States Growth
Gennaro Zezza (Universita' di Cassino e del Lazio Meridionale)
[View Abstract] [Download Preview]
Global Finance, Africa, and Sovereign Debt
Howard Stein (University of Michigan)
[View Abstract]
Discussants:
Philip Arestis (University of Cambridge)

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Commonwealth Hall A2
Association for Evolutionary Economics
Social Entrepreneurship, Social Justice and Development (B5)
Presiding: Tonia Warnecke (Rollins College)
Revolutionizing the Nonprofit Sector through Social Entrepreneurship
Michelle Stecker (Rollins College)
[View Abstract] [Download Preview]
Social Entrepreneurship Questioning Status Quo: Waste as a Resource
C. McInnis-Bowers (Rollins College)
Denise Parris (Florida Southern College)
[View Abstract] [Download Preview]
Social Entrepreneurship and Econ Development in Africa
Geoffrey Schneider (Bucknell University)
Berhanu Nega (Bucknell University)
[View Abstract] [Download Preview]
The Clash of Missions: Juxtaposing competing pressures in South Africa's Social Enterprises
Emmanuel Kodzi (Rollins College)
[View Abstract] [Download Preview]
Microfinance and Community
Tonia Warnecke (Rollins College)
[View Abstract]
Discussants:
Richard Dadzie (University of Hawaii-West Oahu)
Zohreh Emami (Alverno College)

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Congress A
Association for Social Economics
Gender, Law, and Social Economics (J1)
Presiding: Ellen Mutari (Richard Stockton College of New Jersey)
The Legality of Involuntary Motherhood: A Social Economics Approach to Contraception and Power
Janet Spitz (College of Saint Rose)
[View Abstract] [Download Preview]
On the Question of Court Activism and Economic Interests in 19th Century Married Women's Property Law
Daniel MacDonald (California State University-San Bernardino)
[View Abstract] [Download Preview]
Gender Differences in Time Poverty in Rural Mozambique
Diksha Arora (University of Utah)
[View Abstract] [Download Preview]
Female Genital Cutting, Social Norms, and Islamic Law
Quentin Wodon (World Bank)
[View Abstract]

Jan 03, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon K
Association of Environmental & Resource Economists
Automobiles, Fuel Markets and Energy Efficiency (Q4)
Presiding: Antonio Bento (Cornell University)
Testing a Model of Consumer Vehicle Purchases
Gloria Helfand (US Environmental Protection Agency)
Ari Kahan (US Environmental Protection Agency)
David Greene (Oak Ridge National Laboratory)
Changzheng Liu (Oak Ridge National Laboratory)
Michael Shelby (US Environmental Protection Agency)
[View Abstract] [Download Preview]
The Unintended Consequences of Uncoordinated Regulation: Evidence from the Transportation Sector
Kevin Roth (University of California-Irvine)
[View Abstract]
The Impact of the Refiners' Discount Program on the South Korean Gasoline Market
Dae-Wook Kim (Soongsil University)
Jong-Ho Kim (Pukyong National University)
Junjie Zhang (University of California-San Diego)
[View Abstract]
Evaluating the Cost-Effectiveness of Rebate Programs for Residential Energy Efficiency Retrofits
Joseph Maher (University of Maryland)
[View Abstract] [Download Preview]
Discussants:
Shanjun Li (Cornell University)
Ashley Langer (University of Arizona)
Steve Cicala (University of Chicago)
Kenneth Gillingham (Yale University)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 105-A
Chinese Economic Association in North America/American Economic Association
Greater China and the World Economy I (F6)
Presiding: ShangJin Wei (Columbia University)
Trade, Urbanization and Capital Accumulation in a Labor Surplus Economy
Eric W. Bond (Vanderbilt University)
Raymond Riezman (University of Iowa)
Ping Wang (Washington University-St. Louis)
[View Abstract]
The Structural Behavior of China-US Trade Flows
YinWong Cheung (City University of Hong Kong)
Menzie Chinn (University of Wisconsin)
Xingwang Qian (State University New York-Buffalo)
[View Abstract]
Grasp the Large, Let Go of the Small: The Transformation of the State Sector in China
Chang-Tai Hsieh (University of Chicago)
Zheng Michael Song (University of Chicago)
[View Abstract]
Sex Ratios and Savings Rates: Some Experimental Evidence
ShangJin Wei (Columbia University)
Hanming Fang (University of Pennsylvania and NBER)
Binglin Gong (Fudan University)
[View Abstract]
Discussants:
BeenLon Chen (Academia Sinica)
Liugang Sheng (Chinese University of Hong Kong)
Yong Wang (Hong Kong University of Science and Technology)
Se Yan (Peking University)

Jan 03, 2014 10:15 am, Philadelphia Marriott, Meeting Room 401
Econometric Society
Advances in Macroeconometrics (C3)
Presiding: Barbara Rossi (Universitat Pompeu Fabra)
Inference in Structural VARs with External Instruments
Mark Watson (Princeton University)
[View Abstract]
Alternative Methods for Forecasting with Model Uncertainty
Keisuke Hirano (University of Arizona)
Jonathan Wright (Johns Hopkins University)
[View Abstract]
Forecasting Stock Returns Under Economic Constraints
Davide Pettenuzzo (Brandeis University)
Allan Timmermann (University of California-San Diego)
Rossen Valkanov (University of California-San Diego)
[View Abstract] [Download Preview]
Improving GDP Measurement: A Measurement Error Perspective
S. Boragan Aruoba (University of Maryland)
Francis Diebold (University of Pennsylvania)
Jeremy Nalewaik (Federal Reserve Board)
Frank Schorfheide (University of Pennsylvania)
Dongho Song (University of Pennsylvania)

Jan 03, 2014 10:15 am, Philadelphia Marriott, Meeting Room 402
Econometric Society
Dynamics of Medical Treatment and Decision-Making (I1)
Presiding: Donna Gilleskie (University of North Carolina)
Dynamic Sequencing of Drug Treatments for ADHD Patients with Medicaid Coverage
Anna Chorniy (Clemson University)
[View Abstract] [Download Preview]
Treatment Choice Dynamics with Insurance Mandates: The Case of IVF
Barton Hamilton (Washington University-St Louis)
Brian McManus (University of North Carolina)
Juan Pantano (Washington University-St. Louis)
[View Abstract]
Economic Theory as a Guide for the Specification and Interpretation of Empirical Household Production Functions
Sergey Mityakov (Clemson University)
Thomas A Mroz (Clemson University)
Discussants:
Steve Stern (University of Virginia)
Hanming Fang (University of Pennsylvania)
Sokbae (Simon) Lee (University College London)

Jan 03, 2014 10:15 am, Philadelphia Marriott, Meeting Room 403
Econometric Society
Financial Regulation and Information (G1)
Presiding: Itay Goldstein (University of Pennsylvania)
Subsidizing Price Discovery
Braz Camargo (Fundação Getúlio Vargas)
Kyungmin Kim (University of Iowa)
Benjamin R. Lester (Federal Reserve Bank of Philadelphia)
[View Abstract] [Download Preview]
Financial Disclosure and Market Transparency with Costly Information Processing
Marco Di Maggio (Massachusetts Institute of Technology)
Marco Pagano (Università di Napoli Federico II)
[View Abstract] [Download Preview]
Information Management in Banking Crises
Joel Shapiro (University of Oxford)
David Skeie (Federal Reserve Bank of New York)
[View Abstract] [Download Preview]
Cost-Minimizing Intervention in a Market-Based Financial System
Olivier Darmouni (Princeton University)
[View Abstract] [Download Preview]
Discussants:
Vincent Glode (University of Pennsylvania)
Liyan Yang (University of Toronto)
Doron Levit (University of Pennsylvania)
Saki Bigio (Columbia University)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 204-C
Econometric Society
Improving the Quality of Schools and Teachers (I2)
Presiding: Petra Todd (University of Pennsylvania)
The Long-term Impacts of Primary Education
Raj Chetty (Harvard University)
[Download Preview]
The Effects of Teach for America on Student College-Going
Caroline Hoxby (Stanford University)
[View Abstract]
Injecting Successful Charter School Strategies into Traditional Public Schools: Evidence from Houston and Denver
Roland Fryer (Harvard University)

Jan 03, 2014 10:15 am, Philadelphia Marriott, Meeting Room 404
Econometric Society
Micro and Applied Theory: New Modeling Tools and Questions (D5)
Presiding: Stephen Morris (Princeton University)
Contract Negotiation and the Coase Conjecture
Bruno Strulovici (Northwestern University)
[View Abstract] [Download Preview]
The Limits of Price Discrimination
Dirk Bergemann (Yale University)
Ben Brooks (Princeton University)
Stephen Morris (Princeton University)
[View Abstract] [Download Preview]
Game Theory with Sparsity-Based Bounded Rationality
Xavier Gabaix (New York University)
[View Abstract]
Robust Implementation under Complete Information
Rene Saran (Yale University-NUS College)
[View Abstract]

Jan 03, 2014 10:15 am, Philadelphia Marriott, Meeting Room 411
Econometric Society
New Perspectives on Jobless Recoveries (E1)
Presiding: Gianluca Violante (New York University)
What Shifts the Beveridge Curve? Recruitment Effort and Financial Shocks
Alessandro Gavazza (New York University)
Simon Mongey (New York University)
Gianluca Violante (New York University)
[View Abstract]
Do Changes in Unemployment Insurance Explain the Emergence of Jobless Recoveries?
Kurt Mitman (University of Pennsylvania)
Stanislav Rabinovich (Amherst College)
[View Abstract]
Job Destruction without Job Creation: Structural Transformation in the Overborrowed America
Alessandro Galesi (CEMFI)
Claudio Michelacci (CEMFI)
[View Abstract]
Countercyclical Restructuring and Jobless Recoveries
David Berger (Northwestern University)
[View Abstract]

Jan 03, 2014 10:15 am, Philadelphia Marriott, Meeting Room 405
Econometric Society
Sovereign Debt Crises (F3)
Presiding: Harald Uhlig (University of Chicago)
Low Altruism, Austerity, and Aversion to Default: Are Countries Converging to the Natural Debt Limit?
Henning Bohn (University of California-Santa Barbara)
[View Abstract] [Download Preview]
Slow-Motion Sovereign Debt Crises
Guido Lorenzoni (Northwestern University)
Ivan Werning (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Optimal Domestic Sovereign Default
Pablo Nicolas D'Erasmo (University of Maryland)
Enrique G. Mendoza (University of Pennsylvania)
[View Abstract]
Discussants:
Guido Lorenzoni (Northwestern University)
Henning Bohn (University of California-Santa Barbara)
Vincenzo Quadrini (University of Southern California)

Jan 03, 2014 10:15 am, Philadelphia Marriott, Meeting Room 307
Economic Science Association
Market Design Experiments (C9)
Presiding: Jacob Goeree (University of Zurich)
Chinese College Admissions and School Choice Reforms: Theory and Experiments
Yan Chen (University of Michigan)
Onur Kesten (Carnegie Mellon University)
[View Abstract] [Download Preview]
Opt-In versus Mandated Choice for Deceased Organ Donation: An Experimental Study of Actual Organ Donation Decisions
Alvin E. Roth (Stanford University)
Judd Kessler (University of Pennsylvania)
[View Abstract]
Ascending Prices and Package Bidding: Further Experimental Analysis
John H. Kagel (Ohio State University)
Yuanchuan Lien (Hong Kong University of Science & Technology)
Paul Milgrom (Stanford University)
[View Abstract] [Download Preview]
Spectrum Auction Design: Simple Auctions for Complex Sales
Martin Bichler (Technical University Munich)
Jacob K. Goeree (University of Zurich)
Stefan Mayer (Technical University Munich)
Pasha Shabalin (Technical University Munich)
[View Abstract] [Download Preview]
Discussants:
Scott Duke Kominers (University of Chicago)
Eric Glen Weyl (University of Chicago)
Cary Deck (University of Arkansas)
Tom Wilkening (University of Melbourne)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 112-A
Health Economics Research Organization/American Economic Association
Provider Responses to the Design of Medicare Reimbursements (I1)
Presiding: Donald Yett (University of Southern California)
Physician Agency and Competition: Evidence from a Major Change to Medicare Chemotherapy Reimbursement Policy
Mireille Jacobson (University of California-Irvine and NBER)
Joseph P. Newhouse (Harvard University and NBER)
Craig Earle (Cancer Care Ontario)
Tom Chang (University of Southern California)
[View Abstract] [Download Preview]
Government Payments and Insurer Benefit Design in Medicare Part D
Colleen Carey (University of Michigan)
[View Abstract] [Download Preview]
Who Benefits When the Government Pays More? Pass Through in the Medicare Advantage Program
Mark Duggan (University of Pennsylvania)
Boris Vabson (University of Pennsylvania)
Amanda Starc (University of Pennsylvania)
[View Abstract]
Bargaining in the Shadow of a Giant: Medicare's Influence on Private Payment Systems
Jeffrey Clemens (University of California-San Diego)
Joshua Gottlieb (University of British Columbia)
[View Abstract] [Download Preview]
Discussants:
Sean Nicholson (Cornell University)
Kurt Lavetti (Ohio State University)
Yaa Akosa Antwi (Indiana University-Purdue University-Indianapolis)

Jan 03, 2014 10:15 am, Philadelphia Marriott, Meeting Room 407
History of Economics Society
Market Failure in Context (B2)
Presiding: Steven Medema (University of Colorado-Denver)
The British Tariff Reform Controversy and the Genesis of Welfare Economics, 1903-1912
Nahid Aslanbeigui (Monmouth University)
Guy Oakes (Monmouth University)
[View Abstract]
Sorting Charles Tiebout: The Construction and Stabilization of Postwar Public Good Theory
Singleton John (Duke University)
[View Abstract] [Download Preview]
Public Economics, Market Failure and Voluntary Exchange
Marianne Johnson (University of Wisconsin-Oshkosh)
[View Abstract]
The Economist as Social Physician: Stigler's Thesis Revisited
J. Daniel Hammond (Wake Forest University)
[View Abstract] [Download Preview]

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Howe
International Banking, Economics & Finance Association/American Economic Association
Shadow Banking (E5) (Panel Discussion)
Panel Moderator: Jeremy Stein (Federal Reserve Board)
Viral Acharya (New York University)
Matt Eichner (Federal Reserve Board)
Gary Gorton (Yale University)
Arvind Krishnamurthy (Northwestern University)

Jan 03, 2014 10:15 am, Philadelphia Marriott, Meeting Room 305
International Health Economics Association
Health Insurance Markets and Coverage (I1)
Presiding: Laurence Baker (Stanford University)
The Effect of Restrictive Contracts in the Medicare Advantage Market
Jeffrey S. McCullough (University of Minnesota)
Roger Feldman (University of Minnesota)
[View Abstract]
Drug Coverage and Patient Elasticity: Evidence from the Medicare Part D "Donut Hole"
Robert J. Town (University of Pennsylvania)
Christina L. Marsh (University of Georgia)
[View Abstract]
The Effects of Expanding Medicaid on Health Care Use and Clinical Outcomes: Evidence from the Oregon Health Insurance Experiment
Katherine Baicker (Harvard University)
Sarah L. Taubman (NBER)
Heidi L. Allen (Columbia University)
Amy N. Finkelstein (Massachusetts Institute of Technology)
Oregon Health Study Group ()
[View Abstract]
Adverse Selection and an Individual Mandate: When Theory Meets Practice
Martin B. Hackmann (Yale University)
Jonathan T. Kolstad (University of Pennsylvania)
Amanda E. Kowalski (Yale University)
[View Abstract]

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Regency Ballroom C2
International Society for Inventory Research
Macroeconomics of Inventory Management (E2)
Presiding: George Alessandria (Federal Reserve Bank of Philadelphia)
What Drives Aggregate Investment?
Rudiger Bachman (RWTH Aachen University, NBER, CESifo, and Ifo Institute)
Peter Zorn (University of Munich and Ifo Institute)
[View Abstract]
Beyond Inventory Management: The Bullwhip Effect and the Great Moderation
Michael F. McMahon (University of Warwick, CEP (LSE), CAMA (ANU))
Boromeus Wanengkirtyo (University of Warwick)
[View Abstract] [Download Preview]
Liquidity and Welfare
Yi Wen (Federal Reserve Bank of St. Louis)
[View Abstract]
Corporate Cash Hoarding: The Role of Just-in-Time Adoption
Xiaodan Gao (National University of Singapore)
[View Abstract]
Discussants:
Roc Armenter (Federal Reserve Bank of Philadelphia)

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Congress B
International Trade & Finance Association
Round Table on Regionalism (F1) (Panel Discussion)
Panel Moderator: Mordechai Kreinin (Michigan State University)
Alan Deardorff (University of Michigan)
Ronald Jones (University of Rochester)
Anne Krueger (Johns Hopkins University)
Michael Michaely (Hebrew University)
Michael G. Plummer (Johns Hopkins University)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 102-A
Labor & Employment Relations Association
Building a Sustainable Biomedical Research Workforce (J5)
Presiding: Bruce Weinberg (Ohio State University)
Training the Biomedical Workforce: Does Funding Mechanism Matter?
Margaret E. Blume-Kohout (New Mexico Consortium and MBK Analytics LLC)
Dadhi Adhikari (University of New Mexico)
[View Abstract]
The Biomedical Postdoc: Human Capital Investment or Holding Pattern?
Shulamit Kahn (Boston University)
Donna K. Ginther (University of Kansas)
[View Abstract]
Funding Diversity: Debt and Career Choices of New PhDs
Margaret E. Blume-Kohout (New Mexico Consortium and MBK Analytics LLC)
John Clack (Santa Fe Public Schools)
[View Abstract]
Discussants:
Donna K. Ginther (University of Kansas)
Kaye Husbands Fealing (National Academies)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 104-A
Labor & Employment Relations Association
Changes in State Right-to-Work and Prevailing Wage Laws (J3)
Presiding: Mark Price (Keystone Research Center)
Sources of Change in Right-to-Work Laws
Matthew Bodah (University of Rhode Island)
[View Abstract] [Download Preview]
The Effect of Differences in Prevailing Wage Methodologies on the Outcomes of Prevailing Wage Laws
Peter Phillips (University of Utah)
Fred Kotler (Cornell University)
[View Abstract] [Download Preview]
The Consequences of State Prevailing Wage Laws for the Costs of Construction and the Racial Composition of the Construction Labor Force
Dale Belman (Michigan State University)
Russell Ormiston (Allegheny College)
Ryan Petty (Roosevelt University)
Scott Littlehale (Northern California United Brotherhood of Carpenters)
[View Abstract]
Discussants:
Stephen Herzenberg (Keystone Research Center)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 104-B
Labor & Employment Relations Association
Leave, Hours and Worker Outcomes (J5)
Presiding: Sarah Jane Glynn (Center for American Progress)
The Effects of Workplace Norms on Female Labor Supply and Childbirth in Japan
Eriko Teramura (Kokusai Junior College)
[View Abstract]
Making Leave Easier: Better Compensation and Daddy-Only Entitlements
Ankita Patnaik (Cornell University)
[View Abstract] [Download Preview]
Spousal Work Schedules and Maternal Employment
Katie R. Genadek (University of Minnesota)
[View Abstract]
Discussants:
Heather Boushey (Center for American Progress)
Ariane Hegewisch (Institute for Women's Policy Research)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 109-B
National Association for Business Economics/American Economic Association
The Global Economy and Economic Institutions: Transitioning From a Low Interest Rate Environment (E5) (Panel Discussion)
Panel Moderator: George Kahn (Federal Reserve Bank of Kansas City)
Darrell D. Duffie (Stanford University)
Kristin Forbes (Massachusetts Institute of Technology)
Andrew G. Haldane (Bank of England)
Charles I. Plosser (Federal Reserve Bank of Philadelphia)
Michael Woodford (Columbia University)

Jan 03, 2014 10:15 am, Philadelphia Marriott, Meeting Room 306
National Economic Association
Business and Financial Issues in Minority Economic Development (L2)
Presiding: Wilhelmina Leigh (Joint Center for Political and Economic Studies)
Predatory Mortgage Lending and Dodd-Frank: Is it Business as Usual?
Sandra Phillips (Syracuse University)
[View Abstract]
Tribal Casino Investment and State Hold-Up
Larry Chavis (University of North Carolina-Chapel Hill)
Dominic Parker (University of Wisconsin)
[View Abstract]
Capital Constraints and Industry Mix Implications for African-American Business Success
Lucy J. Reuben (Duke University)
[View Abstract]
Business Risk and Black-Owned Businesses – How Good Is Our Understanding
John A. Cole (North Carolina A&T State University)
[View Abstract] [Download Preview]
Discussants:
Willene Johnson (KOMAZA, Inc.)
Linda Loubert (Morgan State University)
Valerie Ralston Wilson (National Urban League)

Jan 03, 2014 10:15 am, Philadelphia Marriott, Meeting Room 304
Omicron Delta Epsilon
Economics of Time Outside the Workplace (J2)
Presiding: Joseph Santos (South Dakota State University)
Economics of Time Outside the Workplace
Daniel S. Hamermesh (University of Texas-Austin)
[View Abstract]

Jan 03, 2014 10:15 am, Philadelphia Marriott, Meeting Room 310
Peace Science Society International/American Economic Association
Food, Terror and Conflict (H8)
Presiding: Solomon Polachek (Binghamton University)
Empirical Evidence on the Link between Terrorism and Fertility
Claude Berrebi (Rand Corporation)
Jordan Ostwald (Rand Corporation)
[View Abstract]
Conflict, Food Price Shocks, and Food Insecurity: The Experience of Afghan Households
Anna D'Souza (United States Department of Agriculture)
Dean Jolliffe (World Bank)
[View Abstract]
Aiding Conflict:The Effects of United States Food Aid on Civil War
Nathan Nunn (Harvard University)
Nancy Qian (Yale University)
[View Abstract]
Voting for Weapons in the United States
Carlos Seiglie (Rutgers University)
Jun Xiang (Rutgers University)
Discussants:
David Jaeger (City University of New York)
Philip Verwimp (Universite Libre de Bruxelles)

Jan 03, 2014 10:15 am, Pennsylvania Convention Center, 106-B
Society of Government Economists
Government and Health (H2)
Presiding: Susan Averett (Lafayette College)
The Effects of Merit-Based Financial Aid on Drinking in College
Benjamin Cowan (Washington State University)
[View Abstract] [Download Preview]
Medicaid Expansions and the Labor Supply of Pregnant Women: Explaining the Crowd-out of Private Insurance
Dhaval Dave (Bentley University and NBER)
Robert Kaestner (University of Illinois)
Kosali Simon (Indiana University)
[View Abstract]
The EITC and Employment of People with Disabilities
Reagan Baughman (University of New Hampshire)
Andrew Houtenville (University of New Hampshire)
[View Abstract]
The Effects of Family Income on Parental Investment in Children's Health: Evidence from the Earned Income Tax Credit
Susan L. Averett (Lafayette College)
Yang Wang (Lafayette College)
[View Abstract]
Discussants:
David Simon (University of California-Davis)
Laura M. Argys (University of Colorado-Denver)
Muzhe Yang (Lehigh University)
Carly Urban (Montana State University)

Jan 03, 2014 10:15 am, Philadelphia Marriott, Meeting Room 406
Transportation & Public Utilities Group
Topics in Transportation Economics (L9)
Presiding: Peter Loeb (Rutgers University)
Measuring Strategic Firm Interaction in Product-Quality Choices: The Case of Airline Flight Frequency
Jan K. Brueckner (University of California-Irvine)
Dan Luo (University of California-Irvine)
[View Abstract] [Download Preview]
Impact of Vancouver Airport on Commercial Property Values
Jeffrey Cohen (University of Hartford)
Michael Brown (Vancouver Airport Authority)
[View Abstract] [Download Preview]
International Trade and Transportation
Bruce A. Blonigen (University of Oregon and NBER)
Wesley W. Wilson (University of Oregon)
[View Abstract]
Transportation Costs and Trade Imbalance: Theory and Evidence
Zijun Luo (Colgate University)
[View Abstract]
Discussants:
Anming Ahang (University of British Columbia)
Kenneth Button (George Mason University)
B. Starr McMullen (Oregon State University)
James Peoples (University of Wisconsin-Milwaukee)

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, P1 Parlor
Union for Radical Political Economists
Inequality and Exploitation (B5)
Presiding: Gilbert Skillman (Wesleyan University)
Exploitation and Labor in Economies with Heterogeneous Labor and Agents
Naoki Yoshihara (Hitotsubashi University)
Roberto Veneziani (Queen Mary, University of London and University of Massachusetts-Amherst)
[View Abstract]
Managers, Growth and Distribution
Amitava Dutt (University of Notre Dame)
[View Abstract] [Download Preview]
Temporary Employment and Increasing Earnings Inequality
Hyeon-Kyeong Kim (University of Massachusetts-Amherst)
Peter Skott (University of Massachusetts-Amherst)
[View Abstract] [Download Preview]
Appropriation, Domination, and Exploitation
Gilbert Skillman (Wesleyan University)
[View Abstract]
Discussants:
Erik Olsen (University of Missouri-Kansas City)
Ramaa Vasudevan (Colorado State University)
Daniele Tavani (Colorado State University)
Frank Thompson (University of Michigan)

Jan 03, 2014 10:15 am, Loews Philadelphia Hotel, Tubman
Union for Radical Political Economists
The Job Guarantee: Exploring the Opportunities (J2)
Presiding: Stephanie Kelton (University of Missouri-Kansas City)
Minsky's Approach to Ending Poverty: Jobs, Not Welfare
L. Randall Wray (University of Missouri-Kansas City)
[View Abstract]
Developing a Local Job Guarantee Program to Tackle Regional Economic Inequality
Michael J. Murray (Bemidji State University)
[View Abstract]
Complementary Currencies, Communities, Cooperation: The Local Job Guarantee
Mathew Forstater (University of Missouri-Kansas City)
[View Abstract]
Full Employment in America
William A. Darity, Jr. (Duke University)
[View Abstract]
Beyond Full Employment: Modern Money and the Job Guarantee
Pavlina Tcherneva (Al Quds Bard Honors College)
[View Abstract]
Discussants:
Mathew Forstater (University of Missouri-Kansas City)
Darrick Hamilton (New School)
William A. Darity, Jr. (Duke University)
Edward J. Nell (New School)
L. Randall Wray (University of Missouri-Kansas City)

Jan 03, 2014 12:30 pm, Loews Philadelphia Hotel, Commonwealth Hall A1
Agricultural & Applied Economics Association
Healthy Choices in the Supplemental Nutrition Assistance Program (SNAP) (Q1)
Presiding: Parke Wilde (Tufts University)
SNAP and the Food Assistance Safety Net: Merit Goods and Dietary Guidance
Helen Jensen (Iowa State University)
Parke Wilde (Tufts University)
[View Abstract]
SNAP and Affordable Health Care: The Effect of Chronic Illness on Participation in the Supplemental Nutrition Assistance and Medicaid Programs
Chad Meyerhoefer (Lehigh University)
Yuriy Pylypchuk (Georgetown University)
[View Abstract] [Download Preview]
The Healthy Incentives Pilot and Fruit and Vegetable Intake: Interim Results
Jacob Klerman (Abt Associates Inc.)
Parke Wilde (Tufts University)
Susan Bartlett (Abt Associates Inc.)
Lauren Olsho (Abt Associates Inc.)
[View Abstract]
Discussants:
Jay Variyam (USDA Economic Research Service)

Jan 03, 2014 12:30 pm, Philadelphia Marriott, Grand Ballroom - Salons G & H
American Economic Association/American Finance Association
AEA/AFA Joint Luncheon - Fee Event
Presiding: Robert Stambaugh (University of Pennsylvania)
Banks as Patient Fixed-Income Investors
Jeremy Stein (Harvard University)

Jan 03, 2014 12:30 pm, Loews Philadelphia Hotel, Washington B
American Real Estate & Urban Economic Association
Neighborhood Development (R2)
Presiding: Yannis Ioannides (Tufts University)
Gentrification and the Decision to Renovate or Teardown
Henry Munneke (University of Georgia)
Kiplan Womack (Pepperdine University)
[View Abstract] [Download Preview]
Tax Incentives and Housing Investment in Low-Income Neighborhoods
Matthew Freedman (Cornell University)
[View Abstract]
Entrepreneurship, Small Businesses, and Urban Growth
Yong Suk Lee (Williams College)
[View Abstract] [Download Preview]
Bankruptcy Spillovers between Close Neighbors
Barry Scholnick (University of Alberta)
[View Abstract] [Download Preview]
Discussants:
Ingrid Gould Ellen (New York University)
Anna Hardman (Tufts University)
Junfu Zhang (Clark University)
Lauren Lambie-Hanson (Federal Reserve Bank of Philadelphia)

Jan 03, 2014 12:30 pm, Philadelphia Marriott, Meeting Room 310
Association of Indian Economics & Financial Studies
International Trade and Finance (F1)
Presiding: Chandana Chakraborty (Montclair State University)
India's Petroleum Demand: Empirical Estimation and Projections for the Future
Pradeep Agarwal (Institute of Economic Growth)
[View Abstract]
Trade Discontinuities and the Recovery of Margin of Trade
Usha Nair-Reichert (Georgia Institute of Technology)
[View Abstract]
Quota Expiration and the Geography of United States Textile & Apparel Imports: The Scale Economies and Vertical Integration
Anusa Datta (Philadelphia University)
Mikhail Kouliavtsev (Austin State University)
[View Abstract]
Comparative Advantage as a Source of Exporters Pricing Power: Evidence from China & India
Sushanta K. Mallick (Queen Mary University of London)
Helena F. Marques (University of Belearic Islands)
[View Abstract] [Download Preview]
An Empirical Investigation of Purchasing Power Parity (PPP): The Case of Chinese Yuan
Bansi Sawhney (University of Baltimore)
Faith Mangir (Selcuk University)
Kishore Kulkarni (Metropolitan State University-Denver)
[View Abstract]
Globalization & the Evolution of Indian Financial Markets
Renu Kallianpur (AXA Advisors)
Saul Meikes (University of Iowa)
[View Abstract]
Discussants:
Sweta Saxena (International Monetary Fund)
Valerie Cerra (International Monetary Fund)
Banani Nandi (Shannon Laboratories and AT&T)
Jyoti Khanna (Colgate University)
Ramya Ghosh (Drexel University)
Keshab Bhattarai (University of Hull)

Jan 03, 2014 12:30 pm, Pennsylvania Convention Center, 109-B
Chinese Economists Society
Exploration of New and Existing Data for the Chinese Economy: Food, Health, and Economic Well Being (O5)
Presiding: Zheng Song (University of Chicago)
Matching China's Agricultural Supply and Demand Data
W.C.M. van Veen (VU University-Amsterdam)
J. Huang (Center for Chinese Agricultural Policy)
H. Qiu (Center for Chinese Agricultural Policy)
Scott S. Rozelle (Stanford University)
M.A. Keyser (VU University-Amsterdam)
[View Abstract] [Download Preview]
Datasets and Statistics on Health and Medical Care in China
Quilin Chen (China Academy of Social Sciences)
Zhuo (Adam) Chen (China Health Policy and Management Society)
[View Abstract]
The Regional Determinants of Food Safety in China: Evidence from the Popular Media
Nicholas Holtkamp (Ohio State University)
Peng Liu (Renmin University of China)
William McGuire (University of Washington-Tacoma)
[View Abstract] [Download Preview]
Data for Studying Earnings, the Distribution of Household Income and Poverty in China
Bjorn Gustafsson (University of Gothenburg and IZA)
Li Shi (Beijing Normal University and IZA)
Hiroshi Sato (Hitotsubashi University)
[View Abstract] [Download Preview]
Discussants:
Kazuyuki Motohashi (University of Tokyo)
Miaojie Yu (CCER Peking University)

Jan 03, 2014 12:30 pm, Philadelphia Marriott, Meeting Room 406
Cliometrics Society
Spatial Allocation of Conflict, Individuals, and Economic Activity (N7)
Presiding: Mary Hansen (American University)
Railroads and the Regional Concentration of Industry in Germany 1861 to 1882
Theresa Gutberlet (Rensselaer Polytechnic Institute)
[View Abstract] [Download Preview]
Segregation (Forever?): Measuring the Short- and Long-Term Consequences of Segregation
John Parman (College of William and Mary)
Trevon D. Logan (Ohio State University and NBER)
[View Abstract] [Download Preview]
Military Conflict and the Economic Rise of Urban Europe
Mark Dincecco (University of Michigan)
Massimiliano Onorato (IMT Institute for Advanced Studies)
[View Abstract] [Download Preview]
Murder and the Black Market: Prohibition's Impact on Homicide Rates in American Cities
Brendan Livingston (Rowan University)
[View Abstract] [Download Preview]
Discussants:
John C. Brown (Clark University)
Allison Shertzer (University of Pittsburgh)
Hugh Rockoff (Rutgers University)
Chris Vickers (Northwestern University)

Jan 03, 2014 12:30 pm, Loews Philadelphia Hotel, Commonwealth Hall A2
International Banking, Economics & Finance Association
Market Pricing and Credit Spreads (G1)
Presiding: Anastasios Malliaris (Loyola University)
Hedging Costs vs. Counterparty Risk: What Explains the Pricing of Structured Products during the 2007-2009 Financial Crisis?
Stefan Petry (University of Melbourne)
[View Abstract] [Download Preview]
Liquidity Premium in CDS Markets
Merlin Kuate Kamga (Goethe University-Frankfurt)
Christian Wilde (Goethe University-Frankfurt)
[View Abstract] [Download Preview]
Effect of Market Structure and the Regulatory Franchise in Reputation Dependent Industries
Abigail Brown (US Government Accountability Office)
[View Abstract]
Conditional Euro Area Sovereign Default Risk
Andre Lucas (VU University-Amsterdam)
Bernd Schwaab (European Central Bank)
Xin Zhang (Sveriges Riksbank)
[View Abstract] [Download Preview]
Discussants:
Jose Berrospide (Federal Reserve Board)
Chen Zhou (De Nederlandsche Bank)
Hector Perez-Saiz (Bank of Canada)
Eiichiro Kazumori (University at Buffalo)

Jan 03, 2014 12:30 pm, Pennsylvania Convention Center, 107-B
Middle East Economic Association/American Economic Association
How to Transform the Arab Spring into Economic Spring? Challenges and Opportunities (O5) (Panel Discussion)
Panel Moderator: Hassan Aly (Ohio State University)
Mustapha Nabli (Central Bank of Tunisia) The Economic Conditions in Tunisia-Current and Future
Gouda AbdElKhalek (Cairo University) The Economic Conditions in Egypt- Current and Future
Shantayanan Devarajan (World Bank) Economic Conditions in the Arab Countries in Transition-Challenges and opportunities
Mahmoud El-Gamal (Rice University) The Future of Islamic Economics in the Arab Countries in Transition
Raed Safadi (OECD) Syria's Future: The Road to Self-Healing

Jan 03, 2014 12:30 pm, Philadelphia Marriott, Meeting Room 305
National Association of Economic Educators
Determinants of Student Achievement in High School and Undergraduate Economics and Personal Finance Classrooms (A2)
Presiding: Andrew Hill (Federal Reserve Bank of Philadelphia)
Does Student Engagement Affect Student Achievement in High School Economics Classes?
Jody Hoff (Federal Reserve Bank of San Francisco)
Jane Lopus (California State University-East Bay)
[View Abstract] [Download Preview]
A Picture is Worth a Thousand Words (At Least): The Effective Use of Visuals in the Economics Classroom
Jose J. Vazquez (University of Illinois-Urbana-Champaign)
Eric P. Chiang (Florida Atlantic University)
[View Abstract]
Teacher Characteristics and Student Achievement in Economics: Evidence from the 2006 NAEP
Erin A. Yetter (Federal Reserve Bank of St. Louis)
[View Abstract]
Teacher Preparation and Student Achievement in a High School Personal Finance: Evidence from
Rebecca Chambers (University of Delaware)
Andrew T. Hill (Federal Reserve Bank of Philadelphia)
[View Abstract] [Download Preview]
Discussants:
Mary Suiter (Federal Reserve Bank of St. Louis)
Rebecca Chambers (University of Delaware)
Elizabeth Breitbach (University of South Carolina)
Stephen Buckles (Vanderbilt University)

Jan 03, 2014 12:30 pm, Philadelphia Marriott, Meeting Room 304
Omicron Delta Epsilon/American Economic Association
Omicron Delta Epsilon Graduate Student Session (Y9)
Presiding: Kathryn Nantz (Fairfield University)
Evaluating the Economic Effects of Flat Tax Reforms Using Synthetic Control Methods
Bibek Adhikari (Tulane University)
James Alm (Tulane University)
[View Abstract]
A Nonparametric Approach to Multifactor Modeling
Michael Gallagher (Fordham University)
[View Abstract] [Download Preview]
Is Shopping at Walmart an Inferior Good? Evidence
Mandie R. Weinandt (University of South Dakota)
[View Abstract] [Download Preview]
Discussants:
Michael Gallagher (Fordham University)
Bibek Adhikari (Tulane University)
Mandie R. Weinandt (University of South Dakota)

Jan 03, 2014 12:30 pm, Pennsylvania Convention Center, 106-B
Society of Government Economists
Education Policy in Developing Countries (I2)
Presiding: Quentin Wodon (World Bank)
Heterogeneity in Impacts of School Characteristics on Student Learning in Developing Countries: Evidence from Vietnamese and Peruvian Panel Data
Paul Glewwe (University of Minnesota)
Sofya Krutikova (University of Oxford)
Caine Rolleston (University of Oxford)
[View Abstract] [Download Preview]
Double for Nothing? The Effects of Unconditional Teacher Salary Increases on Performance
Joppe de Ree (World Bank)
Karthik Muralidharan (University of California-San Diego)
Menno Pradhan (VU University Amsterdam)
Halsey Rogers (World Bank)
[View Abstract]
Female Labor Income Share and Household Consumption Choices: Comparing Cross-sectional and Panel Estimates
Quentin Wodon (World Bank)
Minh Cong Nguyen (World Bank)
[View Abstract]
Harry Patrinos (World Bank)

Jan 03, 2014 12:30 pm, Loews Philadelphia Hotel, Washington A
Union for Radical Political Economists
David Gordon Memorial Lecture (B5)
Presiding: Fred Moseley (Mount Holyoke College)
Reflections on 50 Years of Radical Political Economy
Tom Weisskopf (University of Michigan)
[View Abstract] [Download Preview]
Discussants:
Nancy Folbre (University of Massachusetts-Amherst)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Commonwealth Hall A1
Agricultural & Applied Economics Association
How Farmland Appreciation and Wealth Are Affecting Agriculture (Q1)
Presiding: Jennifer Ifft (USDA Economic Research Service)
How Do Investments in Farmland Compare to Investments in Stocks?
Michael Boehlje (Purdue University)
Timothy Baker (Purdue University)
Michael Langemeier (Purdue University)
[View Abstract] [Download Preview]
Linking the Price of Agricultural Land to Use Values and Amenities
Todd Kuethe (USDA Economic Research Service)
Jennifer Ifft (USDA Economic Research Service)
Allison Borchers (USDA Economic Research Service)
[View Abstract]
Do Wealth Gains from Land Appreciation Cause Farmers to Expand Acreage or Buy Land?
Jeremy Weber (USDA Economic Research Service)
Nigel Key (USDA Economic Research Service)
[View Abstract] [Download Preview]
Discussants:
Joseph Glauber (USDA Economic Research Service)
Nathan Kauffman (Federal Reserve Bank of Kansas City-Omaha Branch)

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Grand Ballroom - Salon L
American Economic Association
Behavioral Responses to Taxation (H2)
Presiding: Nathaniel Hendren (Harvard University)
Do In-Work Tax Credits Serve as a Safety Net?
Marianne Bitler (University of California-Irvine and NBER)
Hilary W. Hoynes (University of California-Davis and NBER)
Elira Kuka (University of California-Davis)
[View Abstract] [Download Preview]
The EITC Goes to College: Evidence Based on Income Tax Data and Policy Nonlinearities
Dayanand S. Manoli (University of Texas-Austin)
Nick Turner (US Department of Treasury)
[View Abstract]
Mansion Tax: The Effect of Transfer Taxes on Residential Real Estate Market
Wojciech Kopczuk (Columbia University)
David Munroe (Columbia University)
[View Abstract] [Download Preview]
The Policy Elasticity
Nathaniel Hendren (Harvard University)
[View Abstract] [Download Preview]
Discussants:
Hilary W. Hoynes (University of California-Davis)
Dayanand S. Manoli (University of Texas-Austin)
Wojciech Kopczuk (Columbia University)
Nathaniel Hendren (Harvard University)

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Grand Ballroom - Salon E
American Economic Association
Chairman Bernanke Presentation (E5))
Presiding: William Nordhaus (Yale University)
Ben Bernanke (Federal Reserve Board)

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Grand Ballroom - Salon B
American Economic Association
Climate (Q5)
Presiding: Lynne Lewis (Bates College)
Discounting or Ideology? Sources of Opposition to Climate Change-Related Action
Matthew A. Shapiro (Illinois Institute of Technology)
Toby Bolsen (Georgia State University)
Jason Reifler (Georgia State University)
[View Abstract] [Download Preview]
Jewish Persecutions and Weather Shocks: 1100-1800
Noel D. Johnson (George Mason University)
Warren Anderson (University of Michigan-Dearborn)
Mark Koyama (George Mason University)
[View Abstract] [Download Preview]
Economic Implications of Agricultural Drought on the Texas Economy
Jadwiga R. Ziolkowska (University of Texas-Austin)
Bridget R. Scanlon (University of Texas-Austin)
Brad D. Wolaver (University of Texas-Austin)
[View Abstract]
Can Incentives for Green Investments Reduce the Transition Costs Towards a Low-Carbon Economy?
Julie Rozenberg (CIRED)
Adrien Vogt-Schilb (CIRED)
Stéphane Hallegatte (World Bank)
[View Abstract] [Download Preview]
A Dynamic Forest Sector in a General Equilibrium Framework
Xiaohui Tian (Ohio State University)
Brent Sohngen (Ohio State University)
Ron Sands (USDA Economic Research Service)
[View Abstract]

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 203-B
American Economic Association
Cognitive Human Capital, Growth and Wealth – Perspectives of Economics and Psychology (J2)
Presiding: Heiner Rindermann (Chemnitz University of Technology and Southern Illinois University)
Human Capital and National Institutional Quality: Are TIMSS, PISA, and IQ Robust Predictors?
Garett Jones (George Mason University)
Niklas Potrafke (LMU-ifo)
[View Abstract] [Download Preview]
The Psychology Approach to Macroeconomics
Heiner Rindermann (Chemnitz University of Technology)
[View Abstract] [Download Preview]
The Importance of State Human Capital
Eric Hanushek (Stanford University)
Jens Ruhose (ifo Institute Munich)
Ludger Woessmann (University of Munich-ifo)
[View Abstract] [Download Preview]
Mediators of the IQ Effect on Economic Growth
Gerhard Meisenberg (Ross University)
[View Abstract] [Download Preview]
What Do Achievement Tests and IQ Tests Measure: Identification Problems in Measuring Intelligence
James J. Heckman (University of Chicago)
Tim Kautz (University of Chicago)
[View Abstract]
Discussants:
Susan M. Collins (University of Michigan)

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 203-A
American Economic Association
Economics of Charitable Giving and Volunteering (H4)
Presiding: James Andreoni (University of California-San Diego and NBER)
Holier Than Thou? Social Motivations for Religious Giving
James Andreoni (University of California-San Diego and NBER)
Matthew Goldman (University of California-San Diego)
Marta Maras (Università Bocconi)
[View Abstract]
Does Giving to Charity Lead to Better Health?
Baris Yoruk (State University of New York-Albany)
[View Abstract] [Download Preview]
Are Men More Responsive to the Price of Giving Than Women?
John A. List (University of Chicago and NBER)
Michael K. Price (Georgia State University and NBER)
[View Abstract]
Why Do People Volunteer? An Experimental Analysis of Preferences for Time Donations
Jonathan Meer (Texas A&M University)
Alexander Brown (Texas A&M University)
Forrest Williams (Texas A&M University)
[View Abstract]
Discussants:
Alexander Brown (Texas A&M University)
Jonathan Meer (Texas A&M University)
Baris Yoruk (State University of New York-Albany)
Michael K. Price (Georgia State University and NBER)

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 202-B
American Economic Association
Employment Structure and Inequality (J2)
Presiding: Francine Blau (Cornell University)
The Great Reversal in the Demand for Skill and Cognitive Tasks
Paul Beaudry (University of British Columbia)
David A. Green (University of British Columbia)
Benjamin M. Sand (York University)
[View Abstract] [Download Preview]
Labour Market Polarization, Urbanization and Skill-Biased Consumption
Joanne Lindley (University of Surrey)
Stephen Machin (University College London and London School of Economics)
[View Abstract]
A Theory of Dual Job Search and Sex-Based Occupational Clustering
Alan Benson (University of Minnesota)
[View Abstract] [Download Preview]
Occupational Concentration, Wages, and Growing Wage Inequality
Elizabeth Handwerker (Bureau of Labor Statistics)
James R. Spletzer (US Census Bureau)
[View Abstract] [Download Preview]
Discussants:
Thomas DeLeire (University of Wisonsin-Madison)
Sergio Firpo (Sao Paolo School of Economics)

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 204-A
American Economic Association
Energy, Environment, and Local Economic Spillovers (Q4)
Presiding: Don Fullerton (University of Illinois)
The Effects of Fracking on Welfare: Evidence from Property Values
Janet M. Currie (Princeton University)
John Deutch (Massachusetts Institute of Technology)
Michael Greenstone (Massachusetts Institute of Technology)
Alexander Bartik (Massachusetts Institute of Technology)
[View Abstract]
Dutch Disease or Agglomeration? The Local Economic Effects of Natural Resource Booms in Modern America
Hunt Allcott (New York University)
Daniel Keniston (Yale University)
[View Abstract]
Demand Shocks, Supply Chains, and Implications for Local Economies: Evidence from the Auto Industry
James Sallee (University of Chicago)
Reed Walker (University of California-Berkeley)
[View Abstract]
Can State Level Renewable Portfolio Standards Reduce Emissions and Foster Local Economic Booms?
Antonio M. Bento (Cornell University)
Daniel Kaffine (Colorado School of Mines)
Teevrat Garg (Cornell University)
[View Abstract]
Discussants:
Christopher Timmins (Duke University)
Nathaniel Baum-Snow (Brown University)
David H. Autor (Massachusetts Institute of Technology)
Don Fullerton (University of Illinois)

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 107-B
American Economic Association
Housing (R2)
Presiding: Lynn Fisher (University of North Carolina-Chapel Hill)
The Impact of Housing Markets on Consumer Debt: Credit Report Evidence from 1999 to 2012
Meta Brown (Federal Reserve Bank of New York)
Sarah Stein (Federal Reserve Bank of New York)
Basit Zafar (Federal Reserve Bank of New York)
[View Abstract] [Download Preview]
Endogenous Sources of Volatility in Housing Markets: The Joint Buyer-Seller Problem
Elliot Anenberg (Federal Reserve Board)
Patrick Bayer (Duke University)
[View Abstract] [Download Preview]
Segmented Housing Search
Johannes Stroebel (University of Chicago)
Monika Piazzesi (Stanford University)
Martin Schneider (Stanford University)
[View Abstract] [Download Preview]
Inside a Bubble and Crash: Evidence from the Valuation of Amenities
Ronan C. Lyons (Balliol College and Oxford University)
[View Abstract] [Download Preview]

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 204-B
American Economic Association
Intellectual Property Rights and Innovation (O3)
Presiding: Heidi Williams (Massachusetts Institute of Technology)
Individualism and the Creation of Knowledge
Daron Acemoglu (Massachusetts Institute of Technology)
Ufuk Akcigit (University of Pennsylvania)
Murat Alp Celik (University of Pennsylvania)
The Impact of Chinese Imports on Innovation, IT, and Productivity
Nicholas Bloom (Stanford University)
Mirko Draca (University of Warwick)
John Van Reenen (London School of Economics)
[View Abstract] [Download Preview]
Do Fixed Patent Terms Distort Innovation? Evidence from Cancer Clinical Trials
Eric Budish (University of Chicago)
Benjamin Roin (Harvard University)
Heidi L. Williams (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
The Use and Misuse of Patent Data
Joshua Lerner (Harvard Business School)
Amit Seru (University of Chicago)
[View Abstract]

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 103-C
American Economic Association
Military Manpower Economics (H5)
Presiding: Martin Feldstein (Harvard University)
Hidden Costs of War in Iraq and Afghanistan: The Mortality of Recent Veterans
Michael Yankovich (US Military Academy)
[View Abstract]
USING SKILL CHANNELING EXPERIMENTS TO IDENTIFY THE LONG TERM EFFECTS OF MILITARY ACQUIRED SKILLS: PRELIMINARY EVIDENCE FROM THE ENLISTMENT BONUS EXPERIMENT
Ryan Sullivan (Naval Postgraduate School)
Coady Wing (University of Illinois-Chicago)
[View Abstract] [Download Preview]
The Long-Term Consequences of Combat
Laura Armey (Naval Postgraduate School)
Peter Berck (University of California-Berkeley)
Jonathan Lipow (Naval Postgraduate School)
[View Abstract]
Assessing Military Compensation Reform using an Estimated Dynamic Model of Active and Reserve Retention and Cost
Beth Asch (RAND Corporation)
James Hosek (RAND Corporation)
Michael Mattock (RAND Corporation)
[View Abstract]
Discussants:
Laura Armey (Naval Postgraduate School)
Beth Asch (RAND Corporation)
Michael Yankovich (US Military Academy)
Ryan Sullivan (Naval Postgraduate School)

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 103-A
American Economic Association
Neuroeconomics of Stochastic Choice (D8)
Presiding: David Laibson (Harvard University)
An Optimizing Neuroeconomic Model of Discrete Choice
Michael Woodford (Columbia University)
Benefits of Neuroeconomic Modeling: New Policy Interventions and Predictors of Choice
Ian Krajbich (University of Zurich)
Bastiaan Oud (University of Zurich)
Ernst Fehr (University of Zurich)
[View Abstract]
A Neuronal Theory of the Decision Process
Camillo Padoa-Schioppa (Washington University-St. Louis)
Aldo Rustichini (University of Minnesota)
Discussants:
Stephen Morris (Princeton University)
Andrew Caplin (New York University)
Paul Glimcher (New York University)

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 202-A
American Economic Association
New Directions and Opportunities for Research on Consumption with the PSID (A1)
Presiding: David Johnson (US Census Bureau)
Household Debt and the Weak Recovery of Consumption: Evidence from the Panel Study of Income Dynamics
Karen Dynan (Brookings Institution)
[View Abstract]
What Do We Know about Consumption Inequality? Some Evidence Using the New PSID Consumption Measure
Orazio Attanasio (University of College London)
Luigi Pistaferri (Stanford University)
[View Abstract]
Health, Human Capital, and Lifecycle Labor Supply
Charles Hokayem (US Census Bureau)
James P. Ziliak (University of Kentucky)
[View Abstract] [Download Preview]
Estimates of Annual Consumption Expenditures and Its Major Subcomponents in the PSID in Comparison to the CE
Patricia Andreski (University of Michigan)
Geng Li (Federal Reserve Board)
Zahid Samancioglu (University of Michigan)
Robert F. Schoeni (University of Michigan)
[View Abstract]
Discussants:
Richard Blundell (University College London)

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Grand Ballroom - Salon I
American Economic Association
Psychological Factors in Household Finance (D1)
Presiding: Julian Jamison (Consumer Financial Protection Bureau)
Anchoring: Evidence From Real World Choices in the Payday Lending Market
Paige Skiba (Vanderbilt University)
[View Abstract]
Multi-Domain Allocation of Attention in Household Finance
Victor Stango (University of California-Davis)
Jonathan Zinman (Dartmouth College)
[View Abstract]
Non-Cognitive Abilities and Financial Decisions
Camelia Kuhnen (Northwestern University)
Brian Melzer (Northwestern University)
[View Abstract]
Minimum Payments and Debt Paydown in Consumer Credit Cards
Jialan Wang (Consumer Financial Protection Bureau)
Ben Keys (University of Chicago)
[View Abstract] [Download Preview]
Discussants:
Matt Levy (London School of Economics)
Devin G. Pope (University of Chicago)
Ben Keys (University of Chicago)
Marieke Bos (Swedish Institute for Social Research)

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 201-C
American Economic Association
Public Policy and the Design of Medicare Part D (I1)
Presiding: Amy Finkelstein (Massachusetts Institute of Technology)
The Response of Drug Expenditures to Non-Linear Contract Design: Evidence from Medicare Part D
Liran Einav (Stanford University)
Amy N. Finkelstein (Massachusetts Institute of Technology)
Paul Schrimpf (University of British Columbia)
[View Abstract] [Download Preview]
Plan Switching and Inertia in Medicare Part D: Evidence from Administrative Data
Joachim Winter (University of Munich)
Florian Heiss (University of Dusseldorf)
Daniel McFadden (University of California-Berkeley)
[View Abstract]
Choice Inconsistencies and Utilization Distortions Arising from Consumer Perceptions of the Part D Donut Hole
Jason Abaluck (Yale University)
Jonathan Gruber (Massachusetts Institute of Technology)
Ashley Swanson (Massachusetts Institute of Technology)
[View Abstract]
Medicare Part D: Are Insurers Gaming the Low-Income Subsidy Design?
Francesco Decarolis (Boston University)
[View Abstract]

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 201-B
American Economic Association
Recessions and Recoveries (E3)
Presiding: Justin Wolfers (University of Michigan)
Recovery from Financial Crises: Evidence from 100 Episodes
Carmen M. Reinhart (Harvard University)
Kenneth Rogoff (Harvard University)
[View Abstract] [Download Preview]
The Effect of Interest Rate and Collateral Value Shocks on Household Spending
Atif Main (Princeton University)
Amir Sufi (University of Chicago)
[View Abstract]
Why Has U.S. Policy Uncertainty Risen Since 1960?
Scott R. Baker (Stanford University)
Nicholas Bloom (Stanford University)
Brandice Canes-Wrone (Princeton University)
Steven J. Davis (University of Chicago)
Jonathan Rodden (Stanford University)
[View Abstract] [Download Preview]
The Role of Policy in the Great Recession and the Weak Recovery
John B. Taylor (Stanford University)
[View Abstract] [Download Preview]

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Grand Ballroom - Salon J
American Economic Association
Research in Economic Education (A2)
Presiding: Gail Hoyt (University of Kentucky)
Do Graduate Students' Preferences for Course Delivery Differ from Undergraduate Students?
John Mann (Michigan State University)
Shida Henneberry (Oklahoma State University)
[View Abstract]
15 Years of Research on Graduate Education in Economics: What Have We Learned?
Wendy Stock (Montana State University)
John Siegfried (Vanderbilt University)
[View Abstract] [Download Preview]
Incorporating Community-Based Learning into a Course on the Economics of Poverty
Nicole B. Simpson (Colgate University)
Steven Bednar (Elon University)
[View Abstract] [Download Preview]
Cooperative Learning: Can It Off-Set Some of the Costs of Large Enrollment Classes?
Tisha Emerson (Baylor University)
Linda Carter (Baylor University)
KimMarie McGoldrick (University of Richmond)
[View Abstract]
Discussants:
Stephen Wu (Hamilton College)
Paul W. Grimes (Pittsburg State University)
Sam Allgood (University of Nebraska-Lincoln)
William Bosshardt (Florida Atlantic University)

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 201-A
American Economic Association
Teaching the Euro Crisis (F3)
Presiding: Maurice Obstfeld (University of California-Berkeley)
Finance at Center Stage: Some Lessons of the Euro Crisis
Maurice M. Obstfeld (University of California-Berkeley)
[View Abstract] [Download Preview]
The Euro Crisis: A Crash Course
Markus K. Brunnermeier (Princeton University)
Ricardo Reis (Columbia University)
[View Abstract]
Political Credit Cycles: The Case of the Euro Zone
Jesus Fernandez-Villaverde (University of Pennsylvania)
Luis Garicano (London School of Economics)
Tano Santos (Columbia University)
[View Abstract] [Download Preview]
Discussants:
Ricardo Reis (Columbia University)
Tano Santos (Columbia University)
Markus K. Brunnermeier (Princeton University)

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 103-B
American Economic Association
Trade and Inequality (F1)
Presiding: Gene Grossman (Princeton University)
Matching and Sorting in the Global Economy
Gene M. Grossman (Princeton University)
Elhanan Helpman (Harvard University)
Philipp Kircher (London School of Economics)
[View Abstract] [Download Preview]
Measuring the Unequal Gains from Trade
Pablo D. Fajgelbaum (University of California-Los Angeles)
Amit K. Khandelwal (Columbia University)
[View Abstract] [Download Preview]
Firm-to-Firm Trade: Imports, Exports, and the Labor Market
Samuel Kortum (Yale University)
Jonathan Eaton (Pennsylvania State University)
Francis Kramarz (CREST)
Raul Sampognaro (CREST)
[View Abstract]
Trade Policy and Wage Inequality: A Structural Analysis with Occupational and Sectoral Mobility
John McLaren (University of Virginia)
Erhan Artuc (World Bank)
[View Abstract] [Download Preview]
Discussants:
Ann Harrison (University of Pennsylvania)
Thomas Sampson (London School of Economics)
Rafael Dix-Carneiro (University of Maryland)
Justin Pierce (Federal Reserve Board)

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 105-B
American Economic Association
Women and Development (J16)
Presiding: Alicia Adsera (Princeton University)
How Do Intrahousehold Dynamics Change When Assets Are Transferred to Women? Evidence from BRAC's
Agnes Quisumbing (International Food Policy Research Institute)
Shalini Roy (International Food Policy Research Institute)
Narayan Das (BRAC)
Jinnat Ara (BRAC)
Rozina Haque (BRAC)
[View Abstract] [Download Preview]
What's Yours is Mine and What's Mine is Mine: Experimental Study of Cultural Norms and Asymmetric Information between Spouses
Carolina Castilla (Colgate University)
[View Abstract] [Download Preview]
Race and Marriage in the Labor Market: A Discrimination Audit Study in a Developing Country
Eva O. Arceo-Gomez (Centro de Investigacion y Docencia Economicas)
Raymindo M. Campos-Vazquez (El Colegio de Mexico)
[View Abstract] [Download Preview]
The Effect of Adoption of Pro-Women Domestic Violence Policy on Dowry Violence: Evidence from India
Susmita Roy Das (University of Canterbury)
[View Abstract]
Discussants:
Sheetal Sekhri (University of Virginia)
Manisha Shah (University of California-Los Angeles)
Lori Beaman (Northwestern University)
Anita Alves Pena (Colorado State University)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Regency Ballroom A
American Finance Association
Capital Structure Theory (G3)
Presiding: Barney Hartman-Glaser (University of California-Los Angeles)
Building up Financial Flexibility
Vladimir Vladimirov (University of Amsterdam)
Roman Inderst (Goethe University)
[View Abstract] [Download Preview]
Deleveraging Via Asset Sales: Agency Costs, Taxes, and Government Policies
Johann Reindl (Universitat of Wien)
[View Abstract] [Download Preview]
Dynamic Corporate Liquidity
Boris Nikolov (University of Rochester)
Lukas Schmid (Duke University)
Roberto Steri (Duke University)
[View Abstract] [Download Preview]
Discussants:
Adriano Rampini (Duke University)
Mark M. Westerfied (University of Washington)
Tyler Muir (Yale University)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Regency Ballroom B
American Finance Association
Cultural Roots of Finance (G0)
Presiding: Luigi Guiso (Einaudi Institute for Economics and Finance)
Banks and Development: Jewish Communities in the Italian Renaissance and Current Economic Performance
Luigi Pascali (Universitat Pompeu Fabra)
[View Abstract]
Finance and the Preservation of Wealth
Nicola Gennaioli (University of Bocconi)
Andrei Shleifer (Harvard University, Department of Economics)
Robert W. Vishny (University of Chicago)
[View Abstract] [Download Preview]
The Historical Roots of Firm Access to Finance: Evidence from the African Slave Trade
Lamar Pierce (Washington University-St. Louis)
Jason Snyder (University of California-Los Angeles)
[View Abstract] [Download Preview]
Discussants:
Tarek Hassan (University of Chicago)
Thomas Philippon (New York University)
Eric D. Hilt (Wellesley College and NBER)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Commonwealth Hall D
American Finance Association
Economics of Commodity Markets (G1)
Presiding: Wei Xiong (Princeton University)
New Evidence on the Financialization of Commodity Markets
Brian Henderson (George Washington University)
Neil Pearson (University of Illinois-Urbana Champaign)
Li Wang (University of Illinois at Urbana-Champaign)
[View Abstract]
A Model of Financialization of Commodities
Suleyman Basak (London Business School)
Anna Pavlova (London Business School)
[View Abstract] [Download Preview]
Risk Premia in Gold Leasing Markets
Anh Le (University of North Carolina)
Haoxiang Zhu (Massachusetts Institute of Technology)
[View Abstract]
Commodity-Based Consumption Tracking Portfolio and the Cross-section of Average Stock Returns
Kewei Hou (Ohio State University)
Marta Szymanowska (Erasmus University)
[View Abstract]
Discussants:
Ing-Haw Cheng (Dartmouth College)
Steven D. Baker (Carnegie Mellon University)
Motohiro Yogo (Federal Reserve Bank of Minneapolis)
Alexi Savov (New York University)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Commonwealth Hall C
American Finance Association
Hedge Funds (G2)
Presiding: Stefan Nagel (Stanford University)
Tail Risk and Hedge Fund Returns
Hao Jiang (Erasmus University)
Bryan T. Kelly (University of Chicago)
[View Abstract] [Download Preview]
Do Hedge Funds Provide Liquidity? Evidence from their Trades
Francesco Franzoni (University of Lugano)
Alberto Plazzi (University of Lugano)
[View Abstract] [Download Preview]
Indirect Incentives of Hedge Fund Managers
Jongha Lim (University of Missouri)
Berk A. Sensoy (Ohio State University)
Michael Weisbach (Ohio State University)
[View Abstract] [Download Preview]
Hedge Fund Innovation
Arjen Siegmann (VU University Amsterdam)
Denitsa Stefanova (VU University Amsterdam)
Marcin Zamojski (VU University Amsterdam)
[View Abstract] [Download Preview]
Discussants:
Jakub W. Jurek (Princeton University)
Lasse Pedersen (Copenhagen Business School)
Jonathan B. Berk (Stanford University)
Itzhak Ben-David (Ohio State University)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Millennium Hall
American Finance Association
Market Microstructure Theory (G1)
Presiding: Dimitri Vayanos (London School of Economics)
Trading and Information Diffusion in Over-the-Counter Markets
Ana Babus (Imperial College London)
Peter Kondor (Central European University)
[View Abstract] [Download Preview]
Speed, Fragmentation, and Asset Prices
Emiliano Pagnotta (New York University)
[View Abstract] [Download Preview]
News Trading and Speed
Thierry Foucault (HEC Paris)
Johan Hombert (HEC Paris)
Ioanid Rosu (HEC Paris)
[View Abstract]
Smooth Trading with Overconfidence and Market Power
Albert S. Kyle (University of Maryland)
Anna Obizhaeva (University of Maryland)
Yajun Wang (University of Maryland)
[View Abstract] [Download Preview]
Discussants:
Pierre-Olivier Weill (University of California-Los Angeles)
Jennifer Huang (University of Texas-Austin)
Albert S. Kyle (University of Maryland)
Marzena Joanna Rostek (University of Wisconsin-Madison)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Commonwealth Hall B
American Finance Association
New Approaches to Finance (G1)
Presiding: Kent Daniel (Columbia University)
Sparse Dynamic Programming and Aggregate Fluctuations
Xavier Gabaix (New York University)
[View Abstract] [Download Preview]
Trading, Profits, and Volatility in a Dynamic Information Network Model
Johan Walden (University of California-Berkeley)
[View Abstract]
Notes on Bonds: Liquidity at All Costs in the Great Recession
David Musto (University of Pennsylvania)
Greg Nini (University of Pennsylvania)
Krista Schwarz (University of Pennsylvania)
[View Abstract]
Discussants:
Nicholas C. Barberis (Yale University)
Peter Kondor (Central European University)
Pierre Collin-Dufresne (Columbia University)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Washington A
American Real Estate & Urban Economic Association
Housing Markets and Consumer Preferences (R2)
Presiding: Ed Olsen (University of Virginia)
Peer Effects in the Demand for Housing Quality
Eleonora Patacchini (Syracuse University)
Giuseppe Venanzoni (Sapienza University)
Incidence and Price Discrimination: Evidence from Housing Vouchers
Robert Collinson (Department of Housing and Urban Development)
Peter Ganong (Harvard University)
[View Abstract] [Download Preview]
Using Hedonic and Quasi-Experimental Methods in (Dis)Amenity Valuation with Housing Data: The Case of Communication Antennas
Glenn Blomquist (University of Kentucky)
Stephen Locke (University of Kentucky)
[View Abstract] [Download Preview]
Revealed Private Information, Transaction Prices and the Demand for Storm Mitigation Features in Single-Family Housing
Dean Gatzlaff (Florida State University)
Kathleen McCullough (Florida State University)
Lori Medders (Florida State University)
Charles Nyce (Florida State University)
[View Abstract]
Discussants:
Judy Geyer (Abt Associates)
Michael Eriksen (University of Georgia)
Christopher Parmeter (University of Miami)
Jaren Pope (Brigham Young University)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Washington B
American Real Estate & Urban Economic Association
Mortgages 2 (G2)
Presiding: Stuart Gabriel (University of California-Los Angeles)
Underwriting Standards, Loan Products and Performance
Marsha Courchane (Charles River Associates)
Leonard Kiefer (Freddie Mac)
Peter Zorn (Freddie Mac)
[View Abstract] [Download Preview]
House-Price Expectations, Alternative Mortgage Products, and Default
Jan K. Brueckner (University of California-Irvine)
Paul Calem (Federal Reserve Bank of Philadelphia)
Leonard Nakamura (Federal Reserve Bank of Philadelphia)
[View Abstract] [Download Preview]
Time Preferences and Mortgage Default
Yongheng Deng (National University of Singapore)
Jia He (National University of Singapore)
[View Abstract] [Download Preview]
Housing Defaults When House Prices are Uncertain
Morris Davis (University of Wisconsin)
Erwan Quintin (University of Wisconsin)
[View Abstract]
Discussants:
Steve Oliner (University of California-Los Angeles)
Danny Ben Shahar (Technion - Israel Institute of Technology)
Peter Zorn (Freddie Mac)
Edward Kung (University of California-Los Angeles)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Washington C
American Real Estate & Urban Economic Association
Securitization and Mortgage Markets (G3)
Presiding: Nancy Wallace (University of California-Berkeley)
Advantages and Disadvantages of Securitization: Evidence from Commercial Mortgages
Andra Ghent (University of California-San Diego)
Rossen Valkanov (University of California-San Diego)
[View Abstract]
Real Estate Risk and Hedge Fund Returns
Brent Ambrose (Pennsylvania State University)
Charles Cao (Pennsylvania State University)
Walter D'Lima (Pennsylvania State University)
[View Abstract]
Sponsor-Underwriter Affiliation and Performance of Private Label Mortgage Backed Securities
Peng Liu (Cornell University)
Lan Shi (Peking University)
[View Abstract] [Download Preview]
Bid-Ask Spreads and the Pricing of Securitizations: 144a vs. Registered Securitizations
Burton Hollifield (Carnegie Mellon University)
Artem Neklyudov (Carnegie Mellon University)
Chester Spatt (Carnegie Mellon University)
[View Abstract] [Download Preview]
Discussants:
Richard Stanton (University of California-Berkeley)
Alexei Tchistyi (University of California-Berkeley)
Cindy Soo (University of Pennsylvania)
Tim Landvoigt (Stanford University)

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Grand Ballroom - Salon A
Association for Comparative Economic Studies/American Economic Association
The Effects of Large Shocks and Institutional Change on Employment: Evidence from the United States, China and Russia (J4)
Presiding: Michael Burda (Humboldt University Berlin)
Large Shocks, Employment Adjustments, and Finance Constraints: The Case of Small Businesses in the US
David Brown (US Census Bureau)
John S. Earle (George Mason University)
[View Abstract]
Labor Regulation and Enterprise Employment in China
Albert Park (Hong Kong University of Science and Technology)
John Giles (World Bank)
Yang Du (Chinese Academy of Social Sciences)
[View Abstract]
The Collapse of the Centrally Planned Economy and Employment Policies at the Firm Level: Evidence from Personnel Data of a Russian Manufacturing Firm
Thomas Dohmen (University of Bonn)
Hartmut Lehmann (University of Bologna)
Anzelika Zaiceva (University of Modena and Reggio Emilia)
[View Abstract]
Minimum wages, unemployment and informality: Evidence from panel data on Russian regions
Alexander Muravyev (St. Petersburg University)
Aleksey Oshchepkov (Higher School of Economics Moscow)
[View Abstract] [Download Preview]
Discussants:
Belton M. Fleisher (Ohio State University)
Michael Burda (Humboldt University Berlin)
Fabian Slonimczyk (Higher School of Economics Moscow)

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 407
Association for Economic & Development Studies in Bangladesh
Food Price Shocks, Health and Minority Groups (O1)
Presiding: Mahmudul Anam (York University)
The Effects of Intrauterine Malnutrition on Birth and Fertility Outcomes: Evidence from the 1974 Bangladesh Famine
Rey Hernández-Julián (Metropolitan State College of Denver)
Hani Mansour (University of Colorado-Denver)
Christina Peters (Metropolitan State College of Denver)
[View Abstract] [Download Preview]
Household Exposure to Food Price Shocks in Rural Bangladesh
Hanan Jacoby (World Bank)
Basab Dasgupta (World bank)
[View Abstract]
Credit Constraints, Present Bias and Investment in Health: Evidence from Micropayments for Clean Water in Dhaka
Raymond Guiteras (University of Maryland)
David Levine (University of California-Berkeley)
Thomas Polley (Duke University)
Brian Quistorff (University of Maryland)
[View Abstract] [Download Preview]
Religion, Minority Status and Trust: Evidence from a Field Experiment
Gautam Gupta (Jadavpur University)
Minhaj Mahmud (Bangladesh Institute of Development Studies)
Pushkar Maitra (Monash University)
Santanu Mitra (Women's Polytechnic-Kolkata)
Ananta Neelim (Monash University)
[View Abstract] [Download Preview]
Discussants:
Takashi Kurosaki (Hitotsubashi University)
Yasuyuki Sawada (University of Tokyo)
Christopher Udry (Yale University)
Arif Mamun (Mathematica Policy Research)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Regency Ballroom C1
Association for Evolutionary Economics
Redressing Economic and Social Inequalities (B5)
Presiding: James Galbraith (University of Texas-Austin)
Work Time, Gender and Inequality: Implications for Policy
Janice Peterson (California State University-Fresno)
Barbara Wiens-Tuers (Pennsylvania State University-Altoona)
[View Abstract]
Energy Impoverishment: Addressing Capitalism's New Driver of Inequality
Lynne Chester (University of Sydney)
[View Abstract] [Download Preview]
Access to Justice as a Form of Inequality
Anton Olenik (Memorial University, Newfoundland)
[View Abstract] [Download Preview]
Regulatory Capture in the Credit Ratings Industry: Implications for Public Credit Rating
Susan Schroeder (University of Sydney)
[View Abstract]
Fringe Banking: Case Study of Pay Day Loan Industry in Tennessee
Sherry D. Kasper (Maryville College)
[View Abstract]
Discussants:
Ellen Mutari (Richard Stockton College)
Christopher Brown (Arkansas State University)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Howe
Association for Social Economics/Association for Evolutionary Economics
Overcoming Causes of Income Inequality and Fostering Economic and Social Stability (D6)
Presiding: Nancy Folbre (University of Massachusetts-Amherst)
Death by a Thousand Cuts: Financial Innovation and Income Inequality
William Redmond (Indiana State University)
[View Abstract] [Download Preview]
Rising Income Inequality and Family Functioning: Macroeconomic Effects of Changes in Family Structure and Relationship to Employment
Heather Boushey (Center for American Progress)
[View Abstract]
The Impact of Paid Parental Leave on Income Inequality in the United States
Steve Pressman (Monmouth University)
Robert Scott (Monmouth University)
[View Abstract] [Download Preview]
Finding a Positive Vision for State Capitalism
Anna Klimina (University of Saskatchewan)
[View Abstract]
Discussants:
Deborah M. Figart (Richard Stockton College of New Jersey)
David Zalewski (Providence College)

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Grand Ballroom - Salon K
Association of Environmental & Resource Economists
Uncertainty, Risk, and Discounting in Climate Policy (Q4)
Presiding: Thomas Sterner (University of Gothenburg)
Optimally Climate Sensitive Policy
Svenn Jensen (University of California-Berkeley)
Christian Traeger (University of California-Berkeley)
[View Abstract] [Download Preview]
Expecting a Black Swan and Getting a Dragon: Rational Responses to Ignorance
Gernot Wagner (Environmental Defense Fund and Columbia University)
Richard Zeckhauser (Harvard University)
[View Abstract] [Download Preview]
W.U.I. On Fire: Risk Salience in the Colorado Front Range
Randall Walsh (University of Pittsburgh)
Shawn McCoy (University of Pittsburgh)
[View Abstract]
Discounting under Disagreement
Antonio Millner (London School of Economics)
Geoffrey Heal (Columbia University)
[View Abstract]
Discussants:
Geoffrey Heal (Columbia University)
Howard Kunreuther (University of Pennsylvania)
Nicholas Flores (University of Colorado)
Thomas Sterner (University of Gothenburg)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Congress B
Association of Financial Economists/American Finance Association
Credit Ratings, Creditor Protection and Compliance (G3)
Presiding: Kose John (New York University)
The Value of Uninformative Credit Ratings
Jess Cornaggia (Indiana University)
Kimberly Cornaggia (American University)
Timothy Simin (Pennsylvania State University)
[View Abstract]
Credit Access and Credit Performance after Consumer Bankruptcy Filing: New Evidence
Julapa Jagtiani (Federal Reserve Bank of Philadelphia)
Wenli Li (Federal Reserve Bank of Philadelphia)
[View Abstract] [Download Preview]
Improved Creditor Protection and Verifiability in the United States
Erasmo Giambona (University of Amsterdam)
Florencio Lopez-de-Silanes (EDHEC Business School)
Rafael Matta (University of Amsterdam)
[View Abstract] [Download Preview]
Economic Effects of SOX Section 404 Compliance: A Corporate Insider Perspective
Cindy Alexander (Securities and Exchange Commission)
Scott Bauguess (Securities and Exchange Commission)
Gennaro Bernile (Singapore Management University)
Alex Lee (University of Southern California)
Jennifer Marietta-Westberg (Securities and Exchange Commission)
[View Abstract]
Discussants:
Victoria Ivashina (Harvard University)
Edith Hotchkiss (Boston College)
Stefano Rossi (Purdue University)
Dalida Kadyrzhanova (University of Maryland)

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 310
Association of Indian Economics & Financial Studies
Growth & Socio-Economic Policy (O1)
Presiding: Amitrajeet Batabyal (Rochester Institute of Technology)
Innovation, Decentralization, and Planning in Multiregion Model of Schumpeterian Economic Growth
Amitrajeet Batabyal (Rochester Institute of Technology)
Peter Nijkamp (VU University-Amsterdam)
[View Abstract] [Download Preview]
Political Connections, Entrepreneurship and Social Network Investment
Raja Kali (University of Arkansas)
Nisvan Erkal (University of Melbourne)
[View Abstract]
Causes of Banking Crisis: Deregulation, Credit Booms & Asset Bubbles, Then & Now
Saktinil Roy (Athabasca University)
David M. Kemme (University of Memphis)
[View Abstract]
Stationary & Parameter Constancy in the Demand for Money Function: The Case of India
Elias Grivoyannis (Yeshiva University)
[View Abstract]
Breaking Through: Domestic Violence in India
Aparna Mathur (American Enterprise Institute)
Sita Natraj Slavov (American Enterprise Institute)
[View Abstract]
The Drivers of GHG Emissions Intensity Improvements in Major Economies: Analysis of Trends 1995-2009
Madanmohan Ghosh (Environment Canada)
Thomas Rutherford (Wisconsin Institute for Discovery)
[View Abstract]
Discussants:
Shailendra Gajanan (University of Pittsburgh-Bradford)
Bansi Sawhney (University of Baltimore)
Anusa Datta (Philadelphia University)
Manas Chatterjee (Binghamton University)
Nabamita Dutta (University of Wisconsin-La Crosse)
Chaitram Talele (Columbia State College)

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 109-B
Chinese Economists Society
The Sustainability of the Chinese Growth Model (O4)
Presiding: Tony Fang (Monash University)
Unraveling Paradoxes of China's Trade Imbalances after the Global Financial Crisis
Moussa Fall (University of the Mediterranean)
Eric Giardin (University of the Mediterranean)
Robert F. Owen (University of Nantes)
[View Abstract] [Download Preview]
On the Relevance of Exports for Regional Output Growth in China
Christian Dreger (DIW Berlin)
Yanqun Zhang (Chinese Academy of Social Sciences)
[View Abstract] [Download Preview]
Is Government Spending a Free Lunch?: Evidence from China
Xin Wang (Federal Reserve Bank of St. Louis)
Yi Wen (Federal Reserve Bank of St. Louis)
[View Abstract]
Government-Engineered Growth and Productivity Performance in China
Carlo Milana (Birkbeck College, University of London)
Harry X. Wu (Hitotsubashi University, Tokyo)
[View Abstract]
China's Growth, Stability, and the Use of International Reserves
Joshua Aizenman (University of Southern California and NBER)
Yothin Jinjarak (University of London)
Nancy Marion (Dartmouth College)
[View Abstract] [Download Preview]
Discussants:
Jarko Fidrmuc (Zeppelin University Friedrichshagen)
Iikka Korhonen (Bank of Finland)
Alessandro Rebucci (Inter-American Development Bank)
Zheng Michael Song (University of Chicago)
Jaejoon Woo (International Monetary Fund)

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 406
Cliometrics Society
Enterprising America: Businesses, Banks, and Credit Markets in Historical Perspective (N2)
Presiding: William Collins (Vanderbilt University and NBER)
Corporate Governance and the Establishment of Manufacturing Enterprises in New England
Eric D. Hilt (Wellesley College and NBER)
[View Abstract]
Economies of Scale in Nineteenth Century American Manufacturing Revisited: A Resolution of the Entrepreneurial Labor Input Problem
Robert A. Margo (Boston University and NBER)
[View Abstract] [Download Preview]
How Does Governance Matter? An Examination of the Long-Term Evolution of Bank Boards in the United States, 1800-1933
Howard Bodenhorn (Clemson University and NBER)
Eugene White (Rutgers University and NBER)
[View Abstract]
Discussants:
Carola Frydman (Boston University and NBER)
William Collins (Vanderbilt University and NBER)
Matthew Jaremski (Colgate University and NBER)

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 401
Econometric Society
Banks, Sovereign Risk and Currency Wars (F5)
Presiding: Satyajit Chatterjee (Federal Reserve Bank of Philadelphia)
Sovereign Risk and Bank Balance Sheets: The Role of Macroprudential Policies
Emine Boz (International Monetary Fund)
Pablo Nicolas D'Erasmo (University of Maryland)
Bora Durdu (Federal Reserve Bank)
[View Abstract]
Sovereign Risk and Financial Risk
Simon Gilchrist (Boston University)
Vivian Yue (Federal Reserve Board)
Egon Zakrajsek (Federal Reserve Bank)
[View Abstract]
Capital Account Intervention and Currency Wars
Anton Korinek (Johns Hopkins University and International Monetary Fund)
[View Abstract] [Download Preview]
Discussants:
Vivian Yue (Federal Reserve Board)
Anton Korinek (Johns Hopkins University and International Monetary Fund)
Javier Bianchi (University of Wisconsin)

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 402
Econometric Society
Cross Sectional Asset Pricing (G1)
Presiding: Zhanhui Chen (Nanyang Technological University)
Risk Aversion Sensitive Real Business Cycles
Zhanhui Chen (Nanyang Technological University)
Ilan Cooper (Norwegian Business School)
Paul Ehling (Norwegian Business School)
Costas Xiouros (University of Cyprus)
[View Abstract]
"Shooting" the CAPM
Lu Zhang (Ohio State University)
[View Abstract]
Product Variety and Asset Pricing
Florin Bidian (Georgia State University)
Ajay Subramanian (Georgia State University)
Baozhong Yang (Georgia State University)
[View Abstract] [Download Preview]
A Rating-Based Sovereign Credit Risk Model: Theory and Evidence
Haitao Li (University of Michigan)
Tao Li (City University of Hong Kong)
Xuewei Yang (Nanjing University)
[View Abstract] [Download Preview]

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 403
Econometric Society
Estimation of Education Models (J1)
Presiding: Christopher Taber (University of Wisconsin-Madison)
The Option Value of Human Capital
Donghoon Lee (Federal Reserve Bank of New York)
Sang Yoon (Tim) Lee (University of Mannheim)
Yongseok Shin (Washington University-St. Louis)
[View Abstract]
Changes Across Cohorts in Wage Returns to Schooling and Early Work Experiences: Distinguishing Price and Composition Effects
Jared Ashworth (Duke University)
V. Joseph Hotz (Duke University)
Arnaud Maurel (Duke University)
Tyler Ransom (Duke University)
[View Abstract]
Parental Reputation
Chao Fu (University of Wisconsin-Madison)
Juan Pantano (Washington University in St. Louis)
[View Abstract]
Ability Tracking, School and Parental Effort, and Student Achievement: A Structural Model and Estimation
Chao Fu (University of Wisconsin-Madison)
Nirav Mehta (University of Western Ontario)
[View Abstract]

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 404
Econometric Society
Evaluating Health Insurance Reform (H5)
Presiding: Hanming Fang (University of Pennsylvania)
Equilibria in Health Exchanges: Adverse Selection vs. Re-Classification Risk
Benjamin R. Handel (University of California-Berkeley)
Igal Hendel (Northwestern University)
Michael Whinston (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Equilibrium Labor Market Search and Health Insurance Reform
Naoki Aizawa (University of Pennsylvania)
Hanming Fang (University of Pennsylvania)
[View Abstract] [Download Preview]
Adverse Selection and an Individual Mandate: When Theory Meets Practice
Martin B. Hackmann (Yale University)
Jonathan T. Kolstad (University of Pennsylvania)
Amanda E. Kowalski (Yale University)
[View Abstract] [Download Preview]
Cross-Subsidization in Employer-Based Health Insurance and the Effect of Tax Subsidy Reform
Svetlana Pashchenko (Uppsala University)
Ponpoje Porapakkarm (University of Macau)
[View Abstract] [Download Preview]

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 411
Econometric Society
Industrial Organization: Theory and Applications (L1)
Presiding: Mariano Tappata (University of British Columbia)
Strategic Responses to Used-Goods Markets: Airbus and Boeing since 1997
Myongjin Kim (Boston University)
[View Abstract] [Download Preview]
Multidimensional Quality Sorting Between Online and Offline Auctions: The Role of Attribute Transparency
Jafar M. Olimov (Ohio State University)
Brian E Roe (Ohio State University)
[View Abstract] [Download Preview]
Entry Deterrence and Strategic Alliances: Evidence from a Dynamic Structural Econometric Model
Philip Garland Gayle (Kansas State University)
Xin Xie (Kansas State University)
[View Abstract] [Download Preview]
Price Discrimination 2.0: Opaque Bookings in the Hotel Industry
Mariano Emilio Tappata (University of British Columbia)
[View Abstract] [Download Preview]
Discussants:
Jafar M. Olimov (Ohio State University)
Mariano Emilio Tappata (University of British Columbia)
Myongjin Kim (Boston University)
Xin Xie (Kansas State University)

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 405
Econometric Society
International Trade: Theory (F1)
Presiding: Ana Fieler (University of Pennsylvania)
Inattentive Importers
Kunal Dasgupta (University of Toronto)
Jordi Mondria (University of Toronto)
[View Abstract] [Download Preview]
Trade Preferences and Political Conflicts Associated with Trade Liberalization
Soohyun (Catherine) Oh (KIEP)
Seung-Gyu (Andrew) Sim (University of Tokyo)
Shoya Ishimaru (University of Tokyo)
[View Abstract] [Download Preview]
A Model of Trade with Ricardian Comparative Advantage and Intra-Sectoral Firm Heterogeneity
Haichao Fan (Hong Kong University of Science and Technology)
Edwin L. Lai (Hong Kong University of Science and Technology)
Han (Steffan) Qi (Hong Kong University of Science and Technology)
[View Abstract] [Download Preview]
Discussants:
Treb Allen (Northwestern University)
Steven J. Matusz (Michigan State University)
Dan Lu (University of Rochester)

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 204-C
Econometric Society
JBES Invited Session (C1)
Presiding: Shakeeb Khan (Duke University)
Comparing Predictive Accuracy, Twenty Years Later: A Personal Perspective on the Use and Abuse of Diebold-Mariano Tests
Francis Diebold (University of Pennsylvania)
Central Bank Macroeconomic Forecasting during the Financial Crisis: The European Central Bank and Federal Reserve Bank of New York Experiences
Eric Ghysels (University of North Carolina)
Discussants:
Jonathan Wright (Johns Hopkins University)
Lutz Kilian (University of Michigan)
Allan Timmermann (University of California-San Diego)
Simone Manganelli (European Central Bank)
Andrew Patton (Duke University)
Quang Vuong (New York University)

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 307
Economic Science Association
Experiments in Economic Development (C9)
Presiding: Pauline Grosjean (University of New South Wales)
Institutional Quality, Culture, and Norms of Cooperation: Evidence from a Behavioral Field Experiment
Pauline Grosjean (University of New South Wales)
Alessandra Cassar (University of San Francisco)
Giovanna d'Adda (University of Birmingham)
[View Abstract] [Download Preview]
Trust and Social Collateral: Empirical Evidence
Tanya S. Rosenblat (Iowa State University)
Dean Karlan (Yale University)
Markus M. Mobius (Iowa State University, NBER and Microsoft Research)
Adam Szeidl (Central European University)
[View Abstract]
Health Providers and Patients in Kenya: An Evaluation of Motivations, Interactions and Reports on Sub-Par Behaviors
Danila Serra (Southern Methodist University)
Isaac Mbiti (Southern Methodist University)
[View Abstract]

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 305
Economists for Peace & Security
Security Economics (Y9) (Panel Discussion)
Panel Moderator: Richard Kaufman (Bethesda Research Institute)
Linda Bilmes (Harvard University)
Michael Lind (New America Foundation)
Cyrus Bina (University of Minnesota-Morris)
Heather Hurlburt (National Security Network)
William Hartung (Center for International Policy)

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 112-A
Health Economics Research Organization
Physician Market Structure and Its Effects on Prices, Quality, and Medical Technology Diffusion (I1)
Presiding: Mark Pauly (University of Pennsylvania and NBER)
Market Power and Provider Consolidation in Physician Market
Samuel Kleiner (Cornell University and NBER)
Sean Lyons (Cornell University)
William White (Cornell University)
[View Abstract]
Effects of Physician Practice Consolidation on Physician Prices and Quality
Anne Royalty (Indiana University-Purdue University-Indianapolis)
Laurence Baker (Stanford University)
M. Kate Bundorf (Stanford University)
[View Abstract]
Medical Technology Diffusion and Physician Market Structure
Pinar Karaca-Mandic (University of Minnesota)
Robert J. Town (University of Pennsylvania)
[View Abstract]
Discussants:
Amitabh Chandra (Harvard University and NBER)
Jonathan S. Skinner (Dartmouth College)
Martin S. Gaynor (Carnegie Mellon University)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Commonwealth Hall A2
International Banking, Economics & Finance Association
Financial Intermediation and Bank Risk Taking (G2)
Presiding: Benton Gup (University of Alabama)
Inside Debt and Bank Risk
Sjoerd Van Bekkum (Erasmus School of Economics)
[View Abstract] [Download Preview]
Real Effects of Investment Banking Relationships: Evidence from the Financial Crisis
David Oesch (University of St Gallen)
Dustin Schuette (University of St Gallen)
Ingo Walter (New York University)
[View Abstract] [Download Preview]
Bank Lines of Credit for SMEs: Cash Substitution or Funding Source?
Carsteb Hubensack (University of Muenster)
Andreas Pfingsten (University of Muenster)
Andrea Schertler (Leuphana University, Germany)
[View Abstract]
The Transmission of Real Estate Shocks through Multinational Banks
Ata Can Bertay (Tilburg University)
[View Abstract] [Download Preview]
Discussants:
Tara Rice (Federal Reserve Board)
Karolin Kirschenmann (Aalto University)
Lucy Chernykh (Clemson University)
Ralph De Haas (European Bank for Reconstruction and Development)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Congress A
International Trade & Finance Association
International Trade and Finance (F1)
Presiding: Georg Schaur (University of Tennessee)
Quantifying Upstreamness in East Asia: Insights from a Coasian Model of Production Staging
Thibault Fally (University of Colorado-Boulder)
[View Abstract]
How Much Do Official Price Indexes Tell Us About Inflation?
Jessie Handbury (University of Pennsylvania)
David E. Weinstein (Columbia University)
Tsutomu Watanabe (University of Tokyo)
[View Abstract] [Download Preview]
Cherries for Sale: Export Networks and the Incidence of Cross-Border M&A Activity
Nicholas Sly (University of Oregon)
Bruce A. Blonigen (University of Oregon)
Lionel Fontagne (Paris School of Economics, European University Institute and Banque de France)
Farid Toubal (Ecole Normale Superieure at Cachan, Paris School of Economics and CEPII)
[View Abstract]
Growth and Trade: A Structural Approach
Yoto Yotov (Drexel University)
James E. Anderson (Boston College)
Mario Larch (University of Bayreuth)
[View Abstract]

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 104-A
Labor & Employment Relations Association
Advances in Strategic Human Resource Management Theory and Practice (J5)
Presiding: Morris Kleiner (University of Minnesota)
The Triple Theory of HRM and Business Performance
David Lewin (University of California-Los Angeles)
[View Abstract]
Divergent Strategies in the World Auto Industry: Choice between Lean vs. Mass Production
John Paul MacDuffie (University of Pennsylvania)
Fritz Pil (University of Pittsburgh)
[View Abstract]
Talent Strategies: The Link between Business Strategy and Hiring Choices
Peter Cappelli (University of Pennsylvania)
[View Abstract]
Does Human Resource Management Increase Firm Performance by Labor Exploitation?
Bruce Kaufman (Georgia State University)
[View Abstract]
Discussants:
Rafael Gomez (University of Toronto)

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 104-B
Labor & Employment Relations Association
Gender, Race, and the Labor Market (J5)
Presiding: Stephen Woodbury (Michigan State University)
Do Hispanic Workers Face Wage Penalties in the United States Labor Market?
Peter McHenry (College of William and Mary)
Melissa McInerney (College of William and Mary)
[View Abstract] [Download Preview]
Food for Thought: Gender Wage Gaps in United States Agriculture
Catherine Y. Co (University of Nebraska-Omaha)
Ira N. Gang (Rutgers University)
Myeong-Su Yun (Tulane University)
[View Abstract]
Using Spatial Econometric Techniques to Analyze the Joint Employment Decisions of Spouses
Charlene M. Kalenkoski (Texas Tech University)
Donald J. Lacombe (West Virginia University)
[View Abstract]
Gender and the STEM Trajectory: Evidence from the NLSY97
Jeffrey Smith (University of Michigan)
Ophira Vishkin (University of Michigan)
[View Abstract]
Discussants:
Catherine Y. Co (University of Nebraska)
Melissa McInerney (College of William and Mary)

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 102-A
Labor & Employment Relations Association/International Association for Feminist Economics
International Perspectives on Gender in the Workplace, Session I (J5)
Presiding: Elaine McCrate (University of Vermont)
Childbirth and Labor Participation: The Effect of Child Care Leave Law using Natural Experiments, Evidence from Japan
Nobuko Nagase (Ochanomizu University)
Eriko Teramura (Kokusai Junior College)
Mana Yamaya (Ochanomizu University)
[View Abstract]
Gender-Specific Inequality of Paid and Unpaid Work: Institutional Factors in Switzerland
Ruedi Epple (University of Fribourg)
Martin Glasser (University of Fribourg)
Sarah Kersten (University of Fribourg)
Michael Nollert (University of Fribourg)
Sebastian Schief (University of Fribourg)
[View Abstract]
From Sexual to Psychological Harassment: One Step Forward, Twenty-Five Years Back for Women's Equality at Work?
Rachel Cox (Université du Québec à Montréal)
[View Abstract]
Older Women and Work in the United States: Prospects for Health, Wealth and Happiness?
Ariane Hegewisch (Institute for Women's Policy Research)
[View Abstract]
Discussants:
Elaine McCrate (University of Vermont)

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 105-A
Middle East Economic Association
Development Issues in Some MENA Countries (O1)
Presiding: Gouda Abdelkhalek (Cairo University)
Iraq's Economy: Ten Years after the Invasion
Joseph Sassoon (Georgetown University)
[View Abstract]
The Geography of AKP Votes in Turkey
Alpay Filiztekin (Sabanci University)
Ozan Bakis (Sabanci University)
[View Abstract] [Download Preview]
The Welfare Implications of Services Liberalization in a Developing Country: Evidence from Tunisia
Nizar Jouini (African Development Bank)
Nooman Rebei (International Monetary Fund)
[View Abstract] [Download Preview]
Determinants of Regime Change and Successful Revolutions - Lessons for the Arab Spring
Rahel Schomaker (FOEV Speyer)
[View Abstract] [Download Preview]
Middle Class and Pro-Poor Growth in Egypt The Missing Connection
Abeer Rashdan (Cairo University)
[View Abstract] [Download Preview]
Discussants:
Ibrahim Elbadawy (Dubai Economic Council)
Mahmoud Al-Iriani (Dubai Economic Council)
Karima Korayem (Cairo University)
A. Suut Dogruel (Marmara University)
Ahmet Faruk Aysan (Central Bank of the Republic of Turkey)

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 413
National Association for Business Economics
Dimensions of the United States and Global Economic Outlook (E6) (Panel Discussion)
Panel Moderator: Jack Kleinhenz (National Retail Federation)
Cecila Hermansson (Swedbank)
Parul Jain (Baruch College and MacroFin Analytics)
Jack Kleinhenz (National Retail Federation)
Robert E Eisenbeis (Cumberland Advisors)
Mark Vitner (Wells Fargo)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Regency Ballroom C2
National Association of Forensic Economics
Topics in Forensic Economics I – Estimating Earnings (K1)
Presiding: Kurt Krueger (John Ward Economics)
Mean vs. Median Statistical Earnings: ACS vs. CPS
Lawrence Spizman (State University of New York-Oswego)
[View Abstract] [Download Preview]
Constructing Age-Earnings Profiles Useful for Predicting Future Earnings
Carl G. Brooking (Millsaps College)
Blakely Fox Fender (Millsaps College)
[View Abstract]
Should the Earnings of Full-Time Year-Round Workers Be Used to Estimate the Life-Time Earnings of Children?
James D. Rodgers (Pennsylvania State University)
[View Abstract] [Download Preview]
Discussants:
Michael Nieswiadomy (University of North Texas)
Scott Gilbert (Southern Illinois University-Carbondale)
David Jones (Economic Consulting Services, LLC)

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 306
National Economic Association
Innovations in Innovation and Entrepreneurship (O3)
Presiding: Keoka Grayson (Hobart and William Smith Colleges)
Bad International Relations but More Science? Soviet Technological Spillovers and the Boycott of the 1980 Moscow Olympics
Maksym Ivanya (International Monetary Fund)
[View Abstract]
The Patent and Commercialization Gap in Pink and Black
Lisa D. Cook (Michigan State University)
[View Abstract]
Eponymous Entrepreneurs
Aaron Chatterji (Duke University)
Sharon Belenzon (Duke University)
[View Abstract]
Innovation in Entrepreneurial Firms: Killer Apps in the iPhone Ecosystem
Pai-Ling Yin (Massachusetts Institute of Technology)
Jason Davis (Massachusetts Institute of Technology)
Yulia Muzyrya (University of Michigan)
[View Abstract] [Download Preview]
Discussants:
Bruce A. Weinberg (Ohio State University)
Pai-Ling Yin (Massachusetts Institute of Technology)
Michael Roach (Duke University)

Jan 03, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 304
Society for the Advancement of Behavioral Economics/American Economic Association
Human Reciprocity and Its Evolution (C7) (Panel Discussion)
Panel Moderator: Charlotte Phelps (Temple University)
David Sloan Wilson (Binghamton University) The Evolution of Group-Advantageous Traits
Larry Samuelson (Yale University) Repeated Games; Evolutionary Foundations of Economic Behavior
Samuel Bowles (Santa Fe Institute & University of Siena) Discussion of issues raised by other panelists and audience
Herbert Gintis (Santa Fe Institute & University of Siena) Discussion of issues raised by other panelists and audience

Jan 03, 2014 2:30 pm, Pennsylvania Convention Center, 106-B
Society of Government Economists
Information Rigidity in Survey Expectations (D8)
Presiding: Olivier Coibion (University of Texas-Austin)
Information Rigidity in Macroeconomic Forecasts: An International Empirical Investigation
Xuguang Sheng (American University)
Jonathan Wallen (American University)
[View Abstract]
Imperfect Information and Inflation Expectations: Evidence from Microdata
Lena Draeger (University of Hamburg)
Michael Lamla (ETH Zurich)
[View Abstract] [Download Preview]
Information Rigidities in Economic Growth Forecasts: Evidence from a Large International Panel
Jonas Dovern (University of Heidelberg)
Ulrich Fritsche (University Hamburg)
Prakash Loungani (International Monetary Fund)
Natalia Tamirisa (International Monetary Fund)
[View Abstract] [Download Preview]
Five Facts (and Some Theory) about Expectations
Philippe Andrade (Banque de France)
Richard Crump (Federal Reserve Bank of New York)
Stefano Eusepi (Federal Reserve Bank of New York)
Emanuel Moench (Federal Reserve Bank of New York)
[View Abstract]
Discussants:
Paul Hubert (OFCE-Sciences PO)
Benjamin K. Johannsen (Federal Reserve Board)
Tara Sinclair (George Washington University)
MIn Wei (Federal Reserve Board)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, P1 Parlor
Union for Radical Political Economists/International Association for Feminist Economics
Gender and Household Decisions and Divisions (D1)
Presiding: Alicia Giron (Universidad Nacional Autonoma de Mexico)
Elder care and the household division of labor and income: Bringing the gender contract into the comparison of welfare states
Sevinc Rende (Isik University)
[View Abstract] [Download Preview]
Financial Planning as Gendered Intra-Household Production Process
John R. Moreau (University of Missouri-Kansas City)
[View Abstract]
Technology Adoption, Risk, and Intrahousehold Bargaining in Subsistence Agriculture
Chris Slootmaker (Colorado State University)
[View Abstract] [Download Preview]
The Gendered Nature of Intra-Household Decision Making In and Across Europe
Katharina Mader (Vienna University and University of Massachusetts-Amherst)
Alyssa Schneebaum (Vienna University and University of Massachusetts-Amherst)
[View Abstract] [Download Preview]
Discussants:
Alicia Giron (Universidad Nacional Autonoma de Mexico)
Joyce Jacobsen (Wesleyan University)

Jan 03, 2014 2:30 pm, Loews Philadelphia Hotel, Tubman
Union for Radical Political Economists
Value and Exploitation in Marxian Theory (B5)
Presiding: Susan Feiner (University of Southern Maine)
Productive and Unproductive Labor in Marxian Theory: Rethinking the Distinction through the Value Theory of Labor
Antonio Callari (Franklin and Marshall College)
[View Abstract]
Exploitation as Capabilities Inequality
Faruk Eray Düzenli (St Mary's College of Maryland)
[View Abstract]
Money, Demand and Value: How Changes in Demand Affect the Monetary Expression of Value in Marx
David Kristjanson-Gural (Bucknell University)
[View Abstract] [Download Preview]
Single System Value Theory and the New Interpretation: A Unified Approach
Erik Olsen (University of Missouri-Kansas City)
[View Abstract]
Discussants:
Fred Moseley (Mount Holyoke College)
Bruce Roberts (University of Southern Maine)

Jan 03, 2014 4:45 pm, Philadelphia Marriott, Grand Ballroom - Salons G & H
American Economic Association
Richard T. Ely Lecture
Presiding: William Nordhaus (Yale University)
Retirement Security in an Aging Population
James Poterba (Massachusetts Institute of Technology and NBER)
[Download Preview]

Jan 03, 2014 5:00 pm, Loews Philadelphia Hotel, Regency Ballroom B
Agricultural & Applied Economics Association
TW Schultz Memorial Lecture and Reception (Free for all ASSA Attendees)
Michael Kremer (Harvard University)

Jan 03, 2014 8:00 pm, Philadelphia Marriott, Liberty Ballroom
American Economic Association
Music Festival (Y9)
Presiding: Stephen Wu (Hamilton College)
Mandolin Solo
Robert A. Margo (Boston University)
[Download Preview]
Jazz Quintet
Daniel Berkowitz (University of Pittsburgh)
Ed Gamber (Lafayette College)
William Horrace (Syracuse University)
Alan Spearot (University of California-Santa Cruz)
Stephen Wu (Hamilton College)
[Download Preview]

Jan 04, 2014 7:45 am, Loews Philadelphia Hotel, Howe
Association for Social Economics
ASE Presidential Breakfast
Presiding: Mark D. White (College of Staten Island/City University of New York)
Jonathan B. Wight (University of Richmond) Economics Within a Pluralist Ethical Tradition

Jan 04, 2014 8:00 am, Loews Philadelphia Hotel, P1 Parlor
Agricultural & Applied Economics Association
Micro Foundations of the Glass Ceiling: Gender and Finance in Rural Settings (J1)
Presiding: Valentina Hartarska (Auburn University)
Let's Talk About the Money: Spousal Communication, Expenditures and Farm Production
Joyce Chen (Ohio State University)
LaPorchia Collins (Ohio State University)
[View Abstract] [Download Preview]
Are Women Better Bankers to the Poor? Evidence from Rural Microfinance Institutions
Valentina Hartarska (Auburn University)
Roy Mersland (Agder University)
Denis Nadolnyak (Auburn University)
[View Abstract] [Download Preview]
Women's Management Strategies and Growth in Rural Female-Owned Family Business
Maria Marshall (Purdue University)
Whitney Peake (University of North Texas)
[View Abstract] [Download Preview]
Discussants:
Mary Ahearn (USDA Economic Research Service)

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 109-B
American Economic Association
Academic and Market Power in Scholarly Publishing (O3)
Presiding: Erik Brynjolfsson (Massachusetts Institute of Technology)
The Effect of a Free On-Line Repository on the Diffusion of Scholarly Ideas
Heekyung Hellen Kim (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Can Open Access Break Incumbents' Grip on the Market for Academic Journals?
Mark J. McCabe (University of Michigan)
Christopher Snyder (Dartmouth College)
[View Abstract]
Moneyball for Academics: Network Analysis for Predicting Research Impact
Chaithanya Bandi (Massachusetts Institute of Technology)
Dimitris Bertsimas (Massachusetts Institute of Technology)
Erik Brynjolfsson (Massachusetts Institute of Technology)
Shachar Reichman (Massachusetts Institute of Technology)
John Siberholz (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Exit versus Voice in Driving Open Access
Joshua S. Gans (University of Toronto)
[View Abstract] [Download Preview]
Discussants:
Ted Bergstrom (University of California-Santa Barbara)
Stefano DellaVigna (University of California- Berkeley)
Scott Stern (Massachusetts Institute of Technology)
David Card (University of California-Berkeley)

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 112-B
American Economic Association
Assessment of Economic and Financial Knowledge: An International Perspective (A1)
Presiding: Carlos Asarta (University of Delaware)
Adaptation and Validation of the TUCE for Assessing the Economic Understanding of Students in Germany
Manuel Foerster (Johannes Gutenberg University Mainz)
Olga Zlatkin-Troitschanskaia (Johannes Gutenberg University Mainz)
Sebastian Brueckner (Johannes Gutenberg University Mainz)
Manuela Hansen (Johannes Gutenberg University Mainz)
[View Abstract] [Download Preview]
Financial Literacy of Korean High School Students
Jinsoo Hahn (Gyeongin National University of Education)
Kyungho Jang (Inha University)
Hyung Joon Park (Sungshin Women's University)
[View Abstract] [Download Preview]
Analyzing High School Student Achievement in Economics Over Time
William Walstad (University of Nebraska-Lincoln)
[View Abstract] [Download Preview]
Discussants:
Wendy Stock (Montana State University)
Paul W. Grimes (Pittsburg State University)
William Bosshardt (Florida Atlantic University)

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 204-A
American Economic Association
Banking Supervision and Regulation (G2)
Presiding: Jason Wu (Federal Reserve Board)
Bank Regulation and Supervision in 180 Countries from 1999 to 2011
James R. Barth (University of Auburn)
Gerard Caprio, Jr. (Williams College)
Ross Levine (University of California-Berkeley)
[View Abstract] [Download Preview]
Bank Regulation and Supervision in the Context of the Global Crisis
Martin Cihak (World Bank)
Asli Demirguc-Kunt (World Bank)
Maria Soledad Martinez Peria (World Bank)
Amin Mohseni-Cheraghlou (World Bank)
[View Abstract]
Microprudential Regulation in a Dynamic Model of Banking
Gianni De Nicolo (International Monetary Fund)
Andrea Gamba (Warwick Business School)
Marcella Lucchetta (University Ca' Foscari of Venice)
[View Abstract] [Download Preview]
The Effects of Supervision on Bank Performance: Evidence from Discontinuous Examination Frequencies
Marcelo Rezende (Federal Reserve Board)
Jason J. Wu (Federal Reserve Board)
[View Abstract] [Download Preview]
Discussants:
Clas Wihlborg (Chapman University)
Franklin Allen (University of Pennsylvania)
Jean-Charles Rochet (University of Zurich)
Patrick deFontnouvelle (Federal Reserve Bank of Boston)

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 108-B
American Economic Association
Crime & Corruption (K4)
Presiding: Dale Cloninger (University of Houston-Clear Lake)
Inside the War on Drugs: Effectiveness and Unintended Consequences of a Large Illicit Crop Eradication Program In Colombia
Maria Acevedo (Harvard University)
Alberto Abadie (Harvard University)
Maurice Kugler (United Nations Development Programs)
Juan Vargas (Universidad del Rosario)
[View Abstract] [Download Preview]
Corruption in Procurement and Shadow Campaign Financing: Evidence from Russia
Maxim Mironov (IE Business School, Madrid)
Ekatherina V. Zhuravskaya (Paris School of Economics)
[View Abstract] [Download Preview]
Birthdays, Schooling, and Crime: New Evidence on the Dropout-Crime Nexus
Songman Kang (Duke University)
Philip Cook (Duke University)
[View Abstract] [Download Preview]
Segregation and Crime
Hans Gronqvist (Stockholm University)
Susan Niknami (Stockholm University)
Olof Aslund (IFAU)
Per-Olof Robling (Stockholm University)
[View Abstract]
Admission is Free Only if Your Dad is Rich! Distributional Effects of Corruption in Schools in Developing Countries
Shahe Emran (Columbia University)
Asadul Islam (Monash University)
Forhad Shilpi (World Bank)
[View Abstract] [Download Preview]

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 103-A
American Economic Association
Economics of Digital Advertising (M3)
Presiding: Justin Rao (Microsoft Research)
Social Networks, Personalized Advertising, and Privacy Controls
Catherine Tucker (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Consumer Heterogeneity and Paid Search Effectiveness: A Large Scale Field Experiment
Chris Nosko (University of Chicago)
Thomas Blake (eBay Research Labs)
Steven Tadelis (University of California-Berkeley and eBay Research Labs)
[View Abstract] [Download Preview]
Designing Large Advertising Markets Where Agents Have Heterogeneous Objectives: A Structural Empirical Approach
Susan Athey (Harvard University, Microsoft Research, and Keystone Strategy)
Denis Nekipelov (University of California-Berkeley and Microsoft Research)
[View Abstract]
On the Near Impossibility of Measuring the Returns to Advertising
Randall A. Lewis (Google, Inc.)
Justin M. Rao (Microsoft Research)
[View Abstract] [Download Preview]
Discussants:
Michael Grubb (Boston College)
Garrett Johnson (Rochester University)
David Reiley (Google, Inc.)
Tyler Williams (Amazon)

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 204-C
American Economic Association
Economics of Revolutions (D7)
Presiding: Daron Acemoglu (Massachusetts Institute of Technology)
Isolated Capital Cities and Misgovernance: Theory and Evidence
Filipe Campante (Harvard University)
Quoc-Anh Do (Science-Po)
Bernardo Guimaraes (Sao Paulo FGV)
[View Abstract] [Download Preview]
Incumbency Advantages in Non-Democracies
Georgy Egorov (Northwestern University)
Konstantin Sonin (Higher School of Economics-Moscow)
[View Abstract]
Revolutions and Business Cycles
Lance Kent (College of William and Mary)
Toan Phan (University of North Carolina-Chapel Hill)
[View Abstract] [Download Preview]
Patronage Networks and the Balance of Power in Egypt's Arab Spring
Daron Acemoglu (Massachusetts Institute of Technology)
Tarek Hassan (University of Chicago)
Ahmed Tahoun (London Business School)
[View Abstract]
Discussants:
Remi Jedwab (George Washington University)
Carlo Prato (Georgetown University and Princeton University)
Filipe Campante (Harvard University)
Erik Meyersson (Stockholm School of Economics)

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 105-B
American Economic Association
Financial and Labor Market Frictions (E3)
Presiding: Vincenzo Quadrini (University of Southern California)
Aggregate Implications of Financial and Labor Market Frictions
Andrea Caggese (Universitat Pompeu Fabra)
Ander Perez (Universitat Pompeu Fabra)
[View Abstract]
Interest Rates, Leverage, and Business Cycles in Emerging Economies: The Role of Financial Frictions
Andres Fernandez (Inter American Development Bank)
Adam Gulan (Bank of Finland)
[View Abstract] [Download Preview]
Learning Leverage Shocks and the Great Recession
Patrick Pintus (Aix-Marseille University)
Jacek Suda (Banque de France)
[View Abstract] [Download Preview]
Unemployment Fluctuations in a Small Open-Economy Model with Segmented Labour Markets: The Case of Canada
Yahong Zhang (Bank of Canada)
[View Abstract] [Download Preview]
A General Equilibrium Model with Banks and Default on Loans
Tamon Takamura (Bank of Canada)
[View Abstract] [Download Preview]

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 103-B
American Economic Association
Financial Frictions, Business Cycles and Investment Dynamics (E2)
Presiding: Matthias Kehrig (University of Texas-Austin)
The Financial Soundness of United States Firms 1926-2011: Financial Frictions and Business Cycles
Andrew Atkeson (University of California-Los Angeles)
Andrea Eisfeldt (University of California-Los Angeles)
Pierre-Olivier Weill (University of California-Los Angeles)
[View Abstract]
Corporate Investment Over the Business Cycle
Thomas Dangl (Vienna University of Technology)
Youchang Wu (University of Wisconsin-Madison)
[View Abstract] [Download Preview]
Multi-Unit Firms and Investment Dynamics
Matthias Kehrig (University of Texas-Austin)
Nicolas Vincent (HEC Montreal)
[View Abstract] [Download Preview]
Uncertainty, Financial Frictions, and Investment Dynamics
Simon Gilchrist (Boston University)
Jae W. Sim (Federal Reserve Board)
Egon Zakrajsek (Federal Reserve Board)
[View Abstract]
Discussants:
Francois Gourio (Boston University)
Luke Taylor (University of Pennsylvania)
Liu Yang (University of Maryland)
Berardino Palazzo (Boston University)

Jan 04, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon E
American Economic Association
Financial Globalization (G1) (Panel Discussion)
Panel Moderator: Ernesto Zedillo (Yale University)
Andrew G. Haldane (Bank of England)
Hans-Werner Sinn (Ifo Institute for Economic Research)
Simon Johnson (Massachusetts Institute of Technology)
Maurice M. Obstfeld (University of California-Berkeley)

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 203-A
American Economic Association
Gender Gaps: Occupations and Family Responsibilities (J3)
Presiding: Wayne Grove (Le Moyne College)
Gender Gaps in Performance: Evidence from Young Lawyers
Rosa Ferrer (Universitat Pompeu Fabra)
Ghazala Azmat (Queen Mary, University of London)
[View Abstract] [Download Preview]
How much of the persistent gender gaps in income and wages are due to unequal family responsibilities?
Nikolay Angelov (Uppsala University)
Per Johansson (Uppsala University and IZA)
Erica Lindahl (Uppsala University)
[View Abstract] [Download Preview]
Family Friendly Occupations and the United States Gender Wage Gap
Michael Coelli (University of Melbourne)
[View Abstract] [Download Preview]
Dynamics of the Gender Gap in the Workplace: An Econometric Case Study of a Large Japanese Firm
Takao Kato (Colgate University)
Daiji Kawaguchi (Hitotsubashi University)
Hideo Owan (University of Tokyo)
[View Abstract]
Discussants:
Per Johansson (Uppsala University and IZA)
Ghazala Azmat (Queen Mary, University of London)
Takao Kato (Colgate University)
Dora Gicheva (University of North Carolina-Greensboro)

Jan 04, 2014 8:00 am, Philadelphia Marriott, Meeting Room 305
American Economic Association
Immigration (J1)
Presiding: Jeffrey Groen (US Bureau of Labor Statistics)
Effectiveness of State Immigration Laws on Employment Outcomes of Natives
Sarah Bohn (Public Policy Institute of California)
Magnus Lofstrom (Public Policy Institute of California)
Steven Raphael (University of California-Berkeley)
[View Abstract]
Immigrants, Social Security, and the Adequacy of Wealth
David Love (Williams College)
Lucie Schmidt (Williams College)
Purvi Sevak (Mathematica Policy Research and Hunter College)
[View Abstract]
H-1Bs: How Do They Stack Up to United States Born Workers?
Magnus Lofstrom (Public Policy Institute of California)
Joseph Hayes (Public Policy Institute of California)
[View Abstract]
Flight of the H-1B: Estimates of Job Mobility Patterns for Skilled Guest Workers, 2003-2011
Briggs Depew (Louisiana State University)
Peter Norlander (University of California-Los Angeles)
Todd Sorensen (University of California-Riverside)
[View Abstract] [Download Preview]
Does Past Unauthorized Immigrant Status Result in a Wage Penalty for Legalized Immigrants?
Bilesha Weeraratne (Princeton University)
Douglas Massey (Princeton University)
[View Abstract] [Download Preview]

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 202-B
American Economic Association
Labor Markets (J0)
Presiding: Susan Averett (Lafayette College)
Explaining the Spread of Temporary Jobs and Its Impact on Labour Turnover
Olivier Charlot (University of Cergy-Pontoise)
Pierre Cahuc (CREST-ENSAE and Ecole Polytechnique)
Franck Malherbet (Université de Rouen)
[View Abstract] [Download Preview]
Wages, Applications, and Skills
Ioana Marinescu (University of Chicago)
Ronald Wolthoff (University of Toronto)
[View Abstract] [Download Preview]
Inherited Trust and Economic Success of Second Generation Immigrants
Martin Ljunge (Research Institute of Industrial Economics)
[View Abstract]
Labor Market Polarization Over the Business Cycle
Christopher L. Foote (Federal Reserve Bank of Boston)
Richard W. Ryan (University of Michigan)
[View Abstract] [Download Preview]
Experience, Skill Composition, and the Persistence of Unemployment Fluctuations
Aspen Gorry (American Enterprise Institute and University of California-Santa Cruz)
David Munro (University of California-Santa Cruz)
[View Abstract] [Download Preview]

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 201-B
American Economic Association
Macro Development with Micro Data (O4)
Presiding: Peter Klenow (Stanford University)
Macro-Perspectives on Asset Grants Programs: Occupational and Wealth Mobility
Francisco J. Buera (University of California-Los Angeles)
Joseph P. Kaboski (University of Notre Dame)
Yongseok Shin (Washington University-St. Louis)
[View Abstract]
Agricultural Productivity Differences Across Countries
Douglas Gollin (Oxford University)
David Lagakos (University of California-San Diego)
Michael E. Waugh (New York University)
[View Abstract] [Download Preview]
Modeling and Measuring Motives for Saving: Early Experimental Evidence from Uganda
Joseph P. Kaboski (University of Notre Dame)
Molly Lipscomb (University of Virginia)
Virgiliu Midrigan (New York University)
[View Abstract] [Download Preview]
Discussants:
Dean Karlan (Yale University)
Diego Restuccia (University of Toronto)
Pascaline Dupas (Stanford University)

Jan 04, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon B
American Economic Association
Marriage, Divorce, and Female Labor Force Participation (D1)
Presiding: Richard Blundell (University College London)
Why Marriage Became Unstable: A Quantitative Analysis
Raquel Fernandez (New York University)
Joyce Cheng Wong (International Monetary Fund)
Marry Your Like: Assortative Mating and Income Inequality
Jeremy Greenwood (University of Pennsylvania)
Nezih Guner (Univeristat Autonoma de Barcelona)
Georgi Kocharkov (University of Konstanz)
Cezar Santos (University of Mannheim)
Labor Supply, Wealth Dynamics, and Marriage Decisions
Maurizio Mazzocco (University of California-Los Angeles)
Claudia Ruiz (World Bank)
Shintaro Yamaguchi (McMaster University)
[View Abstract]
Discussants:
Richard Blundell (University College London)
Aloysius Siow (University of Toronto)
Alessandra Voena (University of Chicago)

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 204-B
American Economic Association
Measurement and Impacts of Uncertainty (D8)
Presiding: Nicholas Bloom (Stanford University)
Measuring Economic Policy Uncertainty
Scott R. Baker (Stanford University)
Nicholas Bloom (Stanford University, Centre for Economic Performance and NBER)
Steven J. Davis (University of Chicago, NBER and American Enterprise Institute)
[View Abstract] [Download Preview]
Volatility and Pass-Through
David Berger (Northwestern University)
Joseph Vavra (University of Chicago)
[View Abstract]
Trade Collapse and Policy Uncertainty in the Great Recession
Jeronimo Carballo (University of Maryland)
Kyle Handley (University of Michigan)
Nuno Limao (University of Maryland)
[View Abstract] [Download Preview]
Measuring Uncertainty
Kyle Jurado (Columbia University)
Sydney C. Ludvigson (New York University and NBER)
Serena Ng (Columbia University)
[View Abstract] [Download Preview]
The Effect of Uncertainty on Investment, Hiring, and R&D: Causal Evidence from Equity Options
Luke C.D. Stein (Arizona State University)
Charles C.Y. Wang (Harvard Business School)
[View Abstract] [Download Preview]

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 103-C
American Economic Association
Measuring and Incentivizing Teacher Performance (I2)
Presiding: Scott Imberman (Michigan State University)
The Effect of Incentive Award Receipt on Teacher Performance
Scott Andrew Imberman (Michigan State University)
Michael F. Lovenheim (Cornell University)
[View Abstract]
Sending Value-Added into Tailspin: A Study of Measurement Error and Nonrandom Sorting
Cassandra Guarino (Indiana University)
Eun Hye Ham (Michigan State University)
Mark D. Reckase (Michigan State University)
Brian Stacy (Michigan State University)
Jeffrey M. Wooldridge (Michigan State University)
[View Abstract] [Download Preview]
Identifying Effective Teachers during the Hiring Process
Brian Jacob (University of Michigan)
Benjamin Lindy (Teach for America)
Jonah Rockoff (Columbia University)
[View Abstract]
When Incentives Matter Too Much: Explaining Significant Responses to Irrelevant Information
Thomas Ahn (University of Kentucky)
Jacob L. Vigdor (Duke University)
[View Abstract] [Download Preview]
Discussants:
Cory Koedel (University of Missouri)
Kirabo Jackson (Northwestern University)

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 107-B
American Economic Association
Racial Disparities (J1)
Presiding: Kevin Lang (Boston University)
Isolating Mechanisms for the Racial Divide in Education and the Labor Market:Evidence from Interracial Families
Peter Arcidiacono (Duke University)
Andrew Beauchamp (Boston College)
Marie Hull (Duke University)
Seth Sanders (Duke University)
[View Abstract] [Download Preview]
Racial and Ethnic Infant Mortality Gaps and the Role of SES
Todd Elder (Michigan State University)
John Goddeeris (Michigan State University)
Steven Haider (Michigan State University)
[View Abstract] [Download Preview]
Power to Bias? The Effect of Attorney Empowerment in Voir Dire on Jury Prejudice and Race
Jee-Yeon K. Lehmann (University of Houston)
Jeremy Blair Smith (Analysis Group)
[View Abstract] [Download Preview]
The Black-White Education-Scaled Test-Score Gap in Grades K-7
Timothy N. Bond (Purdue University)
Kevin Lang (Boston University)
[View Abstract] [Download Preview]
Discussants:
Lisa B Kahn (Yale University)
Johannes Schmieder (Boston University)
Patrick Bayer (Duke University)
Flavio Cunha (University of Pennsylvania)

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 202-A
American Economic Association
Taxation (H2)
Presiding: Sara LaLumia (Williams College)
Women at work: the impact of welfare and fiscal policies in a dynamic labor supply model
Martino Tasso (Bank of Italy)
Maria Rosaria Marino (Bank of Italy)
Marzia Romanelli (Bank of Italy)
[View Abstract] [Download Preview]
Who Participates in Tax Avoidance?
Annette Alstadsæter (University of Oslo)
Martin Jacob (WHU-Otto Beisheim School of Management)
[View Abstract] [Download Preview]
Optimal Taxation of Junk Food
Harry Tsang (University of North Dakota)
Firouz Gahvari (University of Illinois-Urbana-Champaign)
[View Abstract] [Download Preview]
Can Small Incentives Have Large Effects? The Impact of Taxes versus Bonuses on Disposable Bag Use
Tatiana Alexandra Homonoff (Princeton University)
[View Abstract] [Download Preview]
A Boost in the Paycheck: Survey Evidence on Workers' Response to the 2011 Payroll Tax Cuts
Grant Graziani (NBER)
Wilbert van der Klaauw (Federal Reserve Bank of New York)
Basit Zafar (Federal Reserve Bank of New York)
[View Abstract] [Download Preview]

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 201-C
American Economic Association
The Impact of Health Insurance Expansions on Other Social Safety Net Programs (H5)
Presiding: Amy Finkelstein (Massachusetts Institute of Technology)
The Impact of Medicaid on Labor Force Activity and Program Participation: Evidence from the Oregon Health Insurance Experiment
Katherine Baicker (Harvard University)
Amy N. Finkelstein (Massachusetts Institute of Technology)
Sarah L. Taubman (NBER)
Jae Song (Social Security Administration)
[View Abstract] [Download Preview]
Disability Insurance and Healthcare Reform: Evidence from Massachusetts
Nicole Maestas (RAND)
Kathleen Mullen (RAND)
Alexander Strand (Social Security Administration)
[View Abstract] [Download Preview]
The Impact of Supplemental Rehabilitation Services on the Labor Market Activity of SSDI Beneficiaries
Robert Weathers (Social Security Administration)
Michelle Stegman (Social Security Administration)
[View Abstract]
Discussants:
David H. Autor (Massachusetts Institute of Technology)

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 203-B
American Economic Association
Trade and Firm Dynamics (F1)
Presiding: Joel Rodrigue (Vanderbilt University)
Dynamic Selection and the New Gains from Trade with Heterogeneous Firms
Thomas Sampson (London School of Economics)
[View Abstract] [Download Preview]
When Foreign Rivals are Coming to Town: Firm Responses to Multinational Investment News
Cathy Ge Bao (George Washington University)
Maggie Chen (George Washington University)
[View Abstract] [Download Preview]
Firm Size Distortions and the Productivity Distribution: Evidence from France
Luis Garicano (London School of Economics)
Claire LeLarge (INSEE and CREST)
John Van Reenen (London School of Economics and NBER)
[View Abstract] [Download Preview]
Deregulation, Misallocation, and Size: Evidence from India
Laura Alfaro (Harvard Business School & NBER)
Anusha Chari (University of North Carolina-Chapel Hill & NBER)
[View Abstract] [Download Preview]
Firm-Level Comparative Advantage
Federico Trionfetti (Aix-Marseille University)
Matthieu Crozet (Paris School of Economics-Paris I and CEPII)
[View Abstract] [Download Preview]

Jan 04, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon F
American Economic Association
Understanding Economic and Financial Crises (E6)
Presiding: Henning Bohn (University of California-Santa Barbara)
Crunch Time: Fiscal Crises and the Role of Monetary Policy
David Greenlaw (Morgan Stanley)
James D. Hamilton (University of California-San Diego)
Peter Hooper (Deutsche Bank)
Frederic S. Mishkin (Columbia University)
[View Abstract] [Download Preview]
Can the United States inflate away its fiscal problems?
Jens Hilscher (Brandeis University)
Alon Raviv (Brandeis University)
Ricardo Reis (Columbia University)
[View Abstract]
Half a Decade After Subprime: Recession and Recovery Revisited
Carmen M. Reinhart (Harvard University)
Kenneth Rogoff (Harvard University)
[View Abstract] [Download Preview]
In Defense of Early Warning Signals
Matthieu Bussiere (Banque de France)
[View Abstract]
Discussants:
John B. Taylor (Stanford University)
John Leahy (New York University)
Olivier Blanchard (International Monetary Fund)
Andrew Berg (International Monetary Fund)

Jan 04, 2014 8:00 am, Loews Philadelphia Hotel, Regency Ballroom A
American Finance Association
Credit Risk II (G2)
Presiding: Monika Piazzesi (Stanford University)
Dynamic Debt Runs and the Market for Variable Rate Demand Obligations
Bin Wei (Federal Reserve Board)
Vivian Yue (Federal Reserve Board)
[View Abstract]
Quantifying Liquidity and Default Risks of Corporate Bonds over the Business Cycle
Hui Chen (Massachusetts Institute of Technology)
Zhiguo He (University of Chicago)
Konstantin Milbradt (Massachusetts Institute of Technology)
Rui Cui (University of Chicago)
[View Abstract] [Download Preview]
Liquidity Premium in the Eye of the Beholder: An Analysis of the Clientele Effect in the Corporate Bond Market
Jingzhi Huang (Pennsylvania State University)
Zhenzhen Sun (Siena College)
Tong Yao (University of Iowa)
Tong Yu (University of Rhode Island)
[View Abstract] [Download Preview]
On Bounding Credit Event Risk Premia
Jennie Bai (Federal Reserve Bank of New York)
Pierre Collin-Dufresne (Columbia University)
Robert Goldstein (University of Minnesota)
Jean Helwege (University of South Carolina)
[View Abstract]
Discussants:
Wei Xiong (Princeton University)
David Lando (Copenhagen Business School)
Pierre Collin-Dufresne (Columbia University)
Tim McQuade (Harvard University)

Jan 04, 2014 8:00 am, Loews Philadelphia Hotel, Commonwealth Hall C
American Finance Association
Interactions Between Firms and Politicians (G3)
Presiding: William Megginson (University of Oklahoma)
Politically-Connected Analysts
Michael McDonald (University of Tennessee)
[View Abstract]
Bribes and Firm Value
Stefan Zeume (INSEAD)
[View Abstract] [Download Preview]
Politics, State Ownership, and Corporate Investments.
Shashwat Alok (Washington University-St. Louis)
Meghana Ayyagari (George Washington University)
[View Abstract]
Cultural Origins and CEO Incentive Contracts
Xiaoding Liu (University of Oregon)
[View Abstract] [Download Preview]
Discussants:
Jiekun Huang (National University of Singapore)
David C. Parsley (Vanderbilt University)
Kateryna Holland (University of Oklahoma)
Jin Xu (Purdue University)

Jan 04, 2014 8:00 am, Loews Philadelphia Hotel, Commonwealth Hall A
American Finance Association
Media & Disclosure (G1)
Presiding: Joseph Engelberg (University of California-San Diego)
News Implied Volatility and Disaster Concerns
Asaf Manela (Washington University-St. Louis)
Alan Moreira (Yale University)
[View Abstract] [Download Preview]
Playing Favorites: How Firms Prevent the Revelation of Bad News
Lauren H. Cohen (Harvard Business School)
Dong Lou (London School of Economics)
Christopher Malloy (Harvard Business School)
[View Abstract] [Download Preview]
Why Do Investors Disagree? The Role of a Dispersed News Flow
Michal Dzielinski (University of Zurich)
Henrik Hasseltoft (University of Zurich)
[View Abstract] [Download Preview]
Discussants:
Diego Garcia (University of North Carolina)
Eriz Zitzewitz (Dartmouth College)
Tim Loughran (University of Notre Dame)

Jan 04, 2014 8:00 am, Loews Philadelphia Hotel, Commonwealth Hall B
American Finance Association
Motivations and Value Creation in Mergers (G3)
Presiding: Robert Parrino (University of Texas)
The Incentives for Vertical Mergers and Vertical Integration
Laurent Fresard (University of Maryland)
Gerard Hoberg (University of Maryland)
Gordon Phillips (University of Southern California)
[View Abstract]
Asset Complementarities, Mergers and Synergies
Paolo Fulghieri (University of North Carolina-Chapel Hill)
Merih Sevilir (Indiana University)
[View Abstract]
Technological Specialization and Corporate Diversification
Fernando Anjos (University of Texas-Austin)
Cesare Fracassi (University of Texas-Austin)
[View Abstract] [Download Preview]
Merger Negotiations with Stock Market Feedback
Sandra Betton (Concordia University)
B. Espen Eckbo (Dartmouth College)
Rex Thompson (Southern Methodist University)
Karin Thorburn (Norwegian School of Economics)
[View Abstract] [Download Preview]
Discussants:
Thomas W. Bates (Arizona State University)
Andres Almazan (University of Texas-Austin)
Matthew Rhodes-Kropf (Harvard Business School)
Alex Edmans (University of Pennsylvania)

Jan 04, 2014 8:00 am, Loews Philadelphia Hotel, Commonwealth Hall D
American Finance Association
Multi-Country Empirical Banking Studies (G3)
Presiding: Kathy Dewenter (University of Washington )
Why Do Governments Lend? Evidence from the Corporate Loan Market
Veljko Fotak (University at Buffalo)
[View Abstract] [Download Preview]
Dollar Funding and the Lending Behavior of Global Banks
Victoria Ivashina (Harvard Business School)
David S. Scharfstein (Harvard University)
Jeremy Stein (Harvard University)
[View Abstract]
Bank Internationalization and Risk Taking
Allen N. Berger (University of South Carolina)
Sadok El Ghoul (University of Alberta)
Omrane Guedhami (University of South Carolina)
Raluca Roman (University of South Carolina)
[View Abstract]
Discussants:
Robert Cull (World Bank)
Ran Duchin (University of Washington)
Luc Laeven (International Monetary Fund)

Jan 04, 2014 8:00 am, Loews Philadelphia Hotel, Millennium Hall
American Finance Association
Real Estate and Mortgages (G2)
Presiding: Karen Pence (Federal Reserve Board)
Concentration in Mortgage Lending, Refinancing Activity, and Mortgage Rates
David S. Scharfstein (Harvard University)
Adi Sunderam (Harvard Business School)
[View Abstract]
The Hidden Peril: The Role of the Condo Loan Market in the Recent Financial Crisis
Sumit Agarwal (National University of Singapore)
Yongheng Deng (National University of Singapore)
Chenxi Luo (National University of Singapore)
Wenlan Qian (National University of Singapore)
[View Abstract]
Housing Collateral and Entrepreneurship
Martin Schmalz (University of Michigan)
David Sraer (Princeton University)
David Thesmar (HEC Paris)
[View Abstract] [Download Preview]
Does Junior Inherit? Refinancing and the Blocking Power of Second Mortgages
Philip Bond (University of Minnesota)
Ronel Elul (Federal Reserve Bank of Philadelphia)
David Musto (University of Pennsylvania)
[View Abstract]
Discussants:
Karen M. Pence (Federal Reserve Board)
Ben Keys (University of Chicago)
Margarita Tsoutsoura (University of Chicago)
Sumit Agarwal (National University of Singapore)

Jan 04, 2014 8:00 am, Loews Philadelphia Hotel, Washington B
American Real Estate & Urban Economic Association
Homeownership (R3)
Presiding: Donald Haurin (Ohio State University)
Measuring the Benefits of Homeowning: Effects on Children Redux
Richard Green (University of Southern California)
Sarah Mayhorter (University of Southern California)
Gary D. Painter (University of Southern California)
Michelle White (University of California-San Diego)
[View Abstract]
The Benefits of Pre-Purchase Homeownership Counseling
Gabriela Avila (Freddie Mac)
Hoa Nguyen (Freddie Mac)
Peter Zorn (Freddie Mac)
[View Abstract] [Download Preview]
Homeowner-Entrepreneurs, Housing Capital Gains, and Self-Employment
John Harding (University of Connecticut)
Stuart Rosenthal (Syracuse University)
[View Abstract] [Download Preview]
Houses, Apartments and Condos
N. Edward Coulson (Pennsylvania State University)
Lynn Fisher (University of North Carolina-Chapel Hill)
[View Abstract] [Download Preview]
Discussants:
Thomas Davidoff (University of British Columbia)
Michael Collins (University of Wisconsin)
Steven Bourassa (University of Louisville)
Anthony Yezer (George Washington University)

Jan 04, 2014 8:00 am, Loews Philadelphia Hotel, Washington C
American Real Estate & Urban Economic Association
Urban Development and Transportation (R1)
Presiding: Jeffrey Lin (Federal Reserve Bank of Philadelphia)
Vestiges of Transit: Urban Persistence at a Micro Scale
Leah Brooks (Federal Reserve Board)
Byron Lutz (Federal Reserve Board)
[View Abstract]
Making the Move: The Impact of the 1906 San Francisco Disaster on Firm Relocations
James Siodla (University of California-Irvine)
[View Abstract] [Download Preview]
Agglomeration within an Urban Area
Stephen Billings (University of North Carolina-Charlotte)
Erik Johnson (Quinnipiac University)
[View Abstract] [Download Preview]
Urban Transport Expansions, Employment Decentralization, and the Spatial Scope of Agglomeration Economies
Nathaniel Baum-Snow (Brown University)
[View Abstract]
Discussants:
Stephen J. Redding (Princeton University)
Richard Hornbeck (Harvard University)
William Kerr (Harvard University)
Jeffrey Brinkman (Federal Reserve Bank of Philadelphia)

Jan 04, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon A
Association for Comparative Economic Studies
Towards European Banking Union: Implications for Eastern Europe (G2)
Presiding: Claudia Buch (Halle Institute for Economic Research)
Branching Out: Foreign Bank Entry and Access to Small Business Finance
Thorsten Beck (Tilburg University)
Hans Degryse (University of Leuven)
Ralph De Haas (EBRD)
Neeltje van Horen (De Nederlandsche Bank)
[View Abstract]
Information sharing, credit market competition and loan performance
Jaap Bos (Maastricht University)
Ralph De Haas (EBRD)
Matteo Millone (Maastricht University)
[View Abstract] [Download Preview]
Loan/Loss Provisioning: Precautionary or Cyclical?
John P. Bonin (Wesleyan University)
Marko Kosak (University of Ljubljana)
[View Abstract]
Crises, Rescues, and Policy Transmission through International Banks
Claudia Buch (Halle Institute for Economic Research)
Catherine Tahmee Koch (University of Zurich)
Michael Kötter (Frankfurt School of Finance and Management)
[View Abstract]
Discussants:
Tara Rice (Federal Reserve Board)
Galina B. Hale (Federal Reserve Bank of San Francisco)
Camelia Minoiu (International Monetary Fund)
Steven Ongena (Tilburg University)

Jan 04, 2014 8:00 am, Loews Philadelphia Hotel, Regency Ballroom C1
Association for Evolutionary Economics
Social Control --Processes and Outcomes (B5)
Presiding: Robert Prasch (Middlebury College)
Using Quantitative Easing to Reduce Unemployment: A New Version of Trickle Down Economics
John Watkins (Westminster College)
[View Abstract] [Download Preview]
Institutions and the Importance of Social Controls in a Nation's Development
Svetlana Kirdina (Russian Academy of Science)
[View Abstract] [Download Preview]
Culture and Good Governance: A Brief Empirical Exercise
Randy McFerrin (New Mexico State University)
Richard V Adkisson (New Mexico State University)
[View Abstract] [Download Preview]
Setting a Principle to Interest Cap on Issuance of Home Mortgages
Timothy Wunder (University of Texas-Arlington)
[View Abstract]
Firm Reorganization as a Means of Social Control
Rick Aalbers (Radboud University Nijmegen)
Wilfred Dolfsma (University of Groningen)
Rowan Leerentveld (University of Groningen)
[View Abstract]
Discussants:
William Waller (Hobart and William Smith Colleges)
Robert E. Prasch (Middlebury College)

Jan 04, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon K
Association of Environmental & Resource Economists
Air Pollution in Developing Countries (Q5)
Presiding: Matthew Neidell (Columbia University)
Household Preferences for Clean Energy Technologies in Rural India
Marc Jeuland (Duke University)
Jessica Lewis (Duke University)
Subhrendu K. Pattanayak (Duke University)
Jie Sheng Tan Soo (Duke University)
[View Abstract] [Download Preview]
The Effect of Beijing's Driving Restrictions on Pollution and Economic Activity
V. Brian Viard (Cheung Kong Graduate School of Business)
Shihe Fu (Xiamen University)
[View Abstract] [Download Preview]
Driving Restrictions That Work? Quito's Pico y Placa Program
Paul Carrillo (George Washington University)
Arun Malik (George Washington University)
Yiseon Yoo (George Washington University)
[View Abstract] [Download Preview]
Fuel Mix and Air Quality during a Natural Experiment in the Sao Paulo Metropolitan Area between 2009 and 2011
Alberto Salvo (National University of Singapore)
Franz Geiger (Northwestern University)
[View Abstract]
Discussants:
Rema Hanna (Harvard University)
Reed Walker (University of California-Berkeley)
Prashant Bharadwaj (University of California-San Diego)
Erin Mansur (Dartmouth College)

Jan 04, 2014 8:00 am, Philadelphia Marriott, Meeting Room 401
Econometric Society
Dynamics of Health Insurance Choice (I1)
Presiding: Donna Gilleskie (University of North Carolina)
Estimating Dynamic Discrete Choice Models of Product Differentiation: An Application to Medicare Part D with Switching Costs
Daniel Miller (Clemson University)
Jungwon Yeo (Singapore Management University)
[View Abstract] [Download Preview]
Estimating Switching Costs for Medicare Advantage Plans
Kathleen Nosal (University of Mannheim)
[View Abstract]
The Determinants of Rising Inequality in Health Insurance and Wages
Rong Hai (University of Chicago)
[View Abstract] [Download Preview]
Discussants:
Mark V. Pauly (University of Pennsylvania)
Gabriel Picone (University of South Florida)
John Rust (Georgetown University)

Jan 04, 2014 8:00 am, Philadelphia Marriott, Meeting Room 402
Econometric Society
Financial Frictions and the Macroeconomy (E5)
Presiding: Andrea Tambalotti (Federal Reserve Bank of New York)
Liquidity Trap and Excessive Leverage
Alp Simsek (Massachusetts Institute of Technology)
Anton Korinek (Johns Hopkins University and International Monetary Fund)
[View Abstract]
Liquidity Constraints, Risk Premia, and the Macroeconomic Effects of Liquidity Shocks
Ivan Jaccard (European Central Bank)
[View Abstract] [Download Preview]
Credit Crises, Precautionary Savings and the Liquidity Trap
Veronica Guerrieri (University of Chicago)
Guido Lorenzoni (Northwestern University)
[View Abstract] [Download Preview]
Household Leveraging and Deleveraging
Alejandro Justiniano (Federal Reserve Bank of Chicago)
Giorgio E. Primiceri (Northwestern University)
Andrea Tambalotti (Federal Reserve Bank of New York)
[View Abstract] [Download Preview]

Jan 04, 2014 8:00 am, Philadelphia Marriott, Meeting Room 403
Econometric Society
Instrumental Variables (C1)
Presiding: Azeem Shaikh (University of Chicago)
Diagnostics for Exclusion Restrictions in Instrumental Variables Estimation
Kirill Evdokimov (Princeton University)
David S. Lee (Princeton University)
[View Abstract]
Many IVs Estimation of Dynamic Panel Regression Models
Nayoung Lee (Chinese University of Hong Kong)
Hyungsik Roger Moon (University of Southern California)
[View Abstract]
Semiparametric Instrumental Variable Estimation in an Endogenous Treatment Model
Roger Klein (Rutgers University)
Chan Shen (Anderson Cancer Center)
[View Abstract] [Download Preview]
Semiparametric Estimation and Inference Using Doubly Robust Moment Conditions
Sergio Firpo (FGV-SP)
Christoph Rothe (Columbia University)
[View Abstract] [Download Preview]
Discussants:
Timothy Armstrong (Yale University)
Xu Cheng (University of Pennsylvania)
Sukjin Han (University of Texas-Austin)
Matias Damian Cattaneo (University of Michigan)

Jan 04, 2014 8:00 am, Philadelphia Marriott, Meeting Room 405
Econometric Society
Trust and Cooperation (D7)
Presiding: Lise Vesterlund (University of Pittsburgh)
Principal-Agent Settings with Random Shocks
Roman Sheremeta (Chapman University)
[View Abstract] [Download Preview]
Money and Trust among Strangers
Gabriele Camera (University of Basel)
Marco Casari (University of Bologna)
Maria Bigoni (University of Bologna)
[View Abstract]
Self-Image and Strategic Ignorance in Moral Dilemmas
Zachary Grossman (University of California-Santa Barbara)
Joel van der Weele (Goethe University)
[View Abstract] [Download Preview]
Strong, Bold, and Kind: Self-Control and Cooperation in Social Dilemmas
Martin Georg Kocher (University of Munich)
Peter Martinsson (University of Gothenburg)
Kristian Myrseth (ESMT Berlin)
Conny Ernst-Peter Wollbrant (Gothenburg University)
[View Abstract]

Jan 04, 2014 8:00 am, Philadelphia Marriott, Meeting Room 406
Econometric Society
Volatility and Asset Returns (G1)
Presiding: Amir Yaron (University of Pennsylvania)
Identifying Long-Run Risks: A Bayesian Mixed-Frequency Approach
Frank Schorfheide (University of Pennsylvania)
Dongho Song (University of Pennsylvania)
Amir Yaron (University of Pennsylvania)
[View Abstract] [Download Preview]
Stock Return and Cash Flow Predictability: The Role of Volatility Risk
Tim Bollerslev (Duke University)
Lai Xu (Duke University)
Hao Zhou (Tsinghua University)
[View Abstract] [Download Preview]
Expected VIX Option Returns
Zhaogang Song (Federal Reserve Board)
[View Abstract]
Equilibrium-Based Volatility Models of the Market Portfolio Rate of Return (Peacock Tails or Stotting Gazelles)
David Feldman (University of New South Wales)
Xin Xu (University of New South Wales)
[View Abstract]

Jan 04, 2014 8:00 am, Philadelphia Marriott, Meeting Room 307
Economic Science Association
Identifying Time Preferences from Lab and Field Data (D9)
Presiding: Charles Sprenger (Stanford University)
A Perspective on Measuring Discounting and Present Bias
James Andreoni (University of California-San Diego)
[View Abstract]
Recent Developments in the Measurement of Time Preferences
Glenn W. Harrison (Georgia State University)
[View Abstract]
Identifying Self Control in Field Data
Sendhil Mullanaithan (Harvard University)
Supreet Kaur (Columbia University)
Michael Kremer (Harvard University)
[View Abstract]

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 112-A
Health Economics Research Organization
Contributed Papers in the Economics of Hospital Productivity, Financial Incentives, and Vertical Integration (I1)
Presiding: J. Fitzmaurice (Agency for Healthcare Research and Quality)
Hospitalists and Hospital Productivity
Rezwan Haque (Harvard University)
Robert S. Huckman (Harvard University)
[View Abstract]
Financial Incentives, Treatment of Medicare Beneficiaries with Spine Problems and Change in Their Health
Jean Mitchell (Georgetown University)
Jack Hadley (George Mason University)
[View Abstract]
The Impact of Provider Consolidation on Price: Horizontal Integration and Tied Purchasing
Caroline Carlin (Medica Research Institute)
Roger Feldman (University of Minnesota)
Bryan Dowd (University of Minnesota)
[View Abstract]
Discussants:
David Chan (Stanford University)
Laurence Baker (Stanford University)
Michael Hagan (Agency for Healthcare Research and Quality)

Jan 04, 2014 8:00 am, Philadelphia Marriott, Meeting Room 407
History of Economics Society
Experiments in Economics: Historical and Methodological Perspectives (B2)
Presiding: John Davis (Marquette University)
Maurice Allais, Jimmie Savage, and the Allais Paradox
Floris Heukelom (Radboud University-Nijmegan)
[View Abstract]
What Mechanism Design Theorists Had to Say About Laboratory Experimentation in the Mid-1980s
Kyu Sang Lee (Ajou University)
[View Abstract] [Download Preview]
The First-Price Auction Controversy
Andrej Svorencik (University of Mannheim)
[View Abstract]
Discussants:
Jeff E. Biddle (Michigan State University)
Spencer Banzhaf (Georgia State University)
Daniel Friedman (University of California-Santa Cruz)
John B Davis (Marquette University)

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 106-A
Industrial Organization Society
The Organization of Organizations (L2)
Presiding: Peter Cappelli (University of Pennsylvania)
Managing the Family Firm: Evidence from CEOs at Work
Raffaella Sadun (Harvard University)
Oriana Bandiera (London School of Economics)
Andrea Prat (Columbia University)
[View Abstract] [Download Preview]
Compensation Matters: Incentives for Multitasking in Law Firms
Kathryn Shaw (Stanford University)
Ann Bartel (Columbia University)
Brianna Cardiff (Stanford University)
[View Abstract]
Do Star Performers Produce More Stars?: Peer Effects and Learning in Elite Teams
Casey Ichniowski (Columbia University)
Anne Preston (Haverford College)
[View Abstract] [Download Preview]
Discretion in Hiring
Mitchell Hoffman (Yale University)
Lisa B Kahn (Yale University)
Danielle Li (Northwestern University)
[View Abstract]
Discussants:
Alan Benson (University of Minnesota)
Jennifer Brown (Northwestern University)
Orie Shelef (Stanford University)
Christopher Stanton (University of Utah)

Jan 04, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon C
International Association for Energy Economics/National Association for Business Economics
The Energy Boom and the United States Economy (Q4) (Panel Discussion)
Panel Moderator: Mine Yucel (Federal Reserve Bank of Dallas)
Adam Sieminski (Energy Information Administration) Outlook for U.S. Shale Oil and Gas
John Larson (IHS) The Effects of the Unconventional Energy Revolution on the U.S. Economy
Arthur Berman (Labyrinth Consulting Services, Inc.) Let's Be Honest About Shale Gas

Jan 04, 2014 8:00 am, Loews Philadelphia Hotel, Congress C
International Banking, Economics & Finance Association
European Banking and Monetary Transmission (G2)
Presiding: Wayne Passmore (Federal Reserve Board)
The Systemic Risk of European Banks during the Financial and Sovereign Debt Crises
Lamont K. Black (DePaul University)
Ricardo Correa (Federal Reserve Board)
Xin Huang (Duke University)
Hao Zhou (Tsinghua University)
[View Abstract] [Download Preview]
The Euro Exchange Rate During the European Sovereign Debt Crisis - Dancing to Its Own Tune?
Michael Ehrmann (Bank of Canada)
Chiara Osbat (European Central Bank)
Jan Strasky (Organisation of Economic Co-operation and Development)
Lenno Uuskyla (Bank of Estonia)
[View Abstract] [Download Preview]
Does Bank Competition Influence the Lending Channel in the Eurozone
Zuzana Fungacova (Bank of Finland)
Laura Solanko (Bank of Finland)
Laurent Weill (University of Strasbourg)
[View Abstract]
Monitoring the Supervisors: Optimal Regulatory Architecture in a Banking Union
Jean-Edouard Colliard (European Central Bank)
[View Abstract] [Download Preview]
Discussants:
Jens Christensen (Federal Reserve Bank of San Francisco)
Louis Raes (Tilburg University)
Loretta Mester (Federal Reserve Bank of Philadelphia)
Larry Wall (Federal Reserve Bank of Atlanta)

Jan 04, 2014 8:00 am, Loews Philadelphia Hotel, Regency Ballroom C2
International Economic & Finance Society
International Trade (F1)
Presiding: Hakan Yilmazkuday (Florida International University)
Firm-to-Firm Trade
Jonathan Eaton (Brown University)
Samuel S. Kortum (Yale University)
Francis Kramarz (CREST)
[View Abstract]
The Aggregate Impact of Antidumping Policies
Kim Ruhl (New York University)
[View Abstract]
Who's Getting Globalized? The Size and Nature of Intranational Trade Costs
Dave Donaldson (Massachusetts Institute of Technology)
David Atkin (Yale University)
[View Abstract] [Download Preview]
Economic Integration Agreements, Border Effects, and Distance Elasticities in the Gravity Equation
Jeffrey H. Bergstrand (University of Notre Dame)
Mario Larch (University of Bayreuth)
Yoto V. Yotov (Drexel University)
[View Abstract] [Download Preview]

Jan 04, 2014 8:00 am, Philadelphia Marriott, Meeting Rooms 408 & 409
Korea-America Economic Association/American Economic Association
Money in an Era of Financial Crisis and Recovery (E4)
Presiding: Michael Bordo (Rutgers University)
Assessing Potential Inflation Consequences of QE after Financial Crises
Samuel Reynard (Swiss National Bank)
[View Abstract] [Download Preview]
Money Demand in an Era of Financial Uncertainty and Innovation
Richard Anderson (Federal Reserve Bank of St. Louis)
John Duca (Federal Reserve Bank of Dallas)
[View Abstract] [Download Preview]
Global Liquidity through the Lens of Monetary Aggregates
Kyuil Chung (Bank of Korea)
Jong Eun Lee (Sejong University)
Elena Loukoianova (International Monetary Fund)
Hail Park (Bank of Korea)
Hyun S. Shin (Princeton University)
[View Abstract]
Monetary Analysis and the Financial Crisis
Katrin Assenmacher (Swiss National Bank)
Stefan Gerlach (Central Bank of Ireland & CEPR)
[View Abstract] [Download Preview]
Discussants:
Richard Porter (Federal Reserve Bank of Chicago)
Benjamin Keen (University of Oklahoma)
Bang Nam Jeon (Drexel University)
Franceso Drudi (European Central Bank)

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 104-B
Labor & Employment Relations Association
Happiness at Work (J5)
Presiding: John Smith (Rutgers University-Camden)
Why Happiness Increases Productivity
Morris Altman (Victoria University of Wellington)
[View Abstract]
Time for Happiness? Associations Between Flexible Work Hours, Happiness, Satisfaction, by Type of Labor
Lonnie Golden (Pennsylvania State University-Abington)
Julia R. Henly (University of Chicago)
Susan J. Lambert (University of Chicago)
Jaeseung Kim (University of Chicago)
[View Abstract] [Download Preview]
The Effect of Income on the Importance of Money: Survey and Experimental Evidence
Sanford E. DeVoe (University of Toronto)
Dr. Jeffrey Pfeffer (Stanford University)
Dr. Byron Y. Lee (University of China)
[View Abstract]
How Happiness Research Can Improve Employment Law and Policy
Peter H. Huang (University of Colorado-Boulder)
[View Abstract]
What does the Human Resources Department Need to Know about Happiness?
Debra L. Casey (Temple University)
G. Steven McMillan (Pennsylvania State University-Abington)
[View Abstract]
Discussants:
Adam Okulicz-Kozaryn (Rutgers University-Camden)

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 104-A
Labor & Employment Relations Association
Measuring the Effect of the Minimum Wage (J5)
Presiding: Paul Wolfson (Dartmouth College)
The Consequences of the Minimum Wage for Low Income Families
Dale Belman (Michigan State University)
Paul Wolfson (Dartmouth College)
[View Abstract]
When Mandates Work: Raising Labor Standards at the Local Level
Michael Reich (University of California-Berkeley)
[View Abstract] [Download Preview]
Fairness and Frictions: The Impact of Raises on Quit Behavior
Laura Giuliano (University of Miami)
Jonathan Leonard (University of California-Berkeley)
Arindrajit Dube (University of Massachusetts-Amherst)
[View Abstract]
Discussants:
Ed Muir (American Federation of Teachers)
Brian J. Phelan (DePaul University)

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 102-A
Labor & Employment Relations Association
The Strength and Efficacy of the Public and Private Retirement Systems (J5)
Presiding: Teresa Ghilarducci (New School)
401(k) Participant Behavior in a Volatile Economy
Barbara Butrica (Urban Institute)
Karen Smith (Urban Institute)
[View Abstract]
The Determinants of Defined Contribution Retirement Plan Participation Over Time
Joelle Saad-Lessler (New School)
Teresa Ghilarducci (New School)
[View Abstract] [Download Preview]
How Valuable Is Social Security Wealth, and How Might It Be Affected By Changes to Program Design?
Anthony Webb (Boston College)
[View Abstract]
Estimating the Occupational Health Gradient at Older Ages: The Role of Peak Career Earnings
Lauren Schmitz (New School)
[View Abstract]
Emptying the Nest Egg: The Causes and Effects of Leakage from Defined Contribution Accounts
Robert Hiltonsmith (New School)
[View Abstract]
Discussants:
Leora Friedberg (University of Virginia)

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 105-A
Middle East Economic Association
Labor Market Issues (J2)
Presiding: Jeffrey Nugent (University of Southern California)
The Labor Market Impact of Mobility Restrictions: Evidence from the West Bank
Sami Miaari (University of Tel-Aviv)
Massimiliano Calì (World Bank)
[View Abstract]
Female Labor Supply in Egypt, Tunisia and Jordan
Edward Sayre (University of Southern Mississippi)
Rana Hendy (Economic Research Forum)
[View Abstract] [Download Preview]
Waves of Immigration from the Middle East to the United States
Hisham Foad (San Diego State University)
[View Abstract] [Download Preview]
Estimation of Gender Wage Differentials in Egypt using Oaxaca Decomposition Technique
Marwa Biltagy (Cairo University)
[View Abstract] [Download Preview]
Convergence of Human Capital: Geography and Policy
B. Can Karahasan (Okan University)
Alpay Filiztekin (Sabanci University)
[View Abstract] [Download Preview]
Discussants:
Mahdi Majbouri (Babson College)
B. Can Karahasan (Okan University)
Rahel Schomaker (FOEV Speyer)
Edward Sayre (University of Southern Mississippi)
Fatma Dogruel (Marmara University)

Jan 04, 2014 8:00 am, Loews Philadelphia Hotel, Congress B
National Association of Forensic Economics
Topics in Forensic Economics II – Employment Session (K1)
Presiding: John Ward (University of Missouri-Kansas City)
Employment Transition Options for Elder Statesmen Forensic Economists
Frank Tinari (Tinari Economics)
[View Abstract]
The Impact of Workplace Flexibility Policies on Career Employment, Bridge Jobs, and the Timing of Retirement
Kevin E. Cahill (Boston College)
Michael D. Giandrea (US Bureau of Labor Statistics)
Joseph F. Quinn (Boston College)
[View Abstract] [Download Preview]
"Make Whole" Damages in Employment Litigation; A Case Study
Thomas Roney (Thomas Roney, LLC)
[View Abstract] [Download Preview]
Discussants:
Stephen M. Horner (Economic Consulting)
Gary Skoog (DePaul University)
William D. King (William D. King & Associates, Inc.)

Jan 04, 2014 8:00 am, Philadelphia Marriott, Meeting Room 306
National Economic Association/African Finance & Economics Association
African Development (O1)
Presiding: Mwanza Nkusu (International Monetary Fund)
Aid Allocation, Gender and Social Development in Sub-Saharan Africa
Léonce Ndikumana (University of Massachusetts-Amherst)
Lynda Pickbourn (Hampshire College)
[View Abstract]
The Role of Education and Migration in Social Safety Nets: Some Empirics
Kwabena Gyimah-Brempong (University of South Florida)
Yaw Nyarko (New York University)
[View Abstract]
Growth and Inequality in Africa 1960-2010
Depankar Basu (University of Massachusetts-Amherst)
Mwangi wa Githinji (University of Massachusetts-Amherst)
[View Abstract]
The Making of the Middle Class in Africa
Mthuli Ncube (African Development Bank)
Abebe Shimeles (African Development Bank)
[View Abstract]
Bank Regulation and Efficiency: What Works for Africa?
Thouraya Triki (African Development Bank)
Imen Kouki (University of Dubai, UAE)
Pietro Calice (African Development Bank)
[View Abstract] [Download Preview]
Oil Wealth, Ethno-Religious-Linguistic Fractionalization and Civil Wars in Africa: Cross-Country Evidence
John C. Anyanwu (African Development Bank)
[View Abstract] [Download Preview]
Discussants:
Zuzana Brixiova (African Development Bank)
Una Okonkwo Osili (Indiana University-Purdue University-Indianapolis)
John Karikari (Government Accountability Office)
Léonce Ndikumana (University of Massachusetts-Amherst)
Malokele Nanivazo (United Nations University)
Elizabeth Asiedu (University of Kansas)

Jan 04, 2014 8:00 am, Loews Philadelphia Hotel, Washington A
Society for Economic Dynamics
Understanding Trends in Labor Market Outcomes (J3)
Presiding: Erik Hurst (University of Chicago)
Where is the Land of Opportunity? Geographical Variation in Intergenerational Mobility in the United States
Raj Chetty (Harvard University)
Nathaniel Hendren (Harvard University)
Patrick Kline (University of California-Berkeley)
Emmanuel Saez (University of California-Berkeley)
[View Abstract]
Volatility and Inequality during the Last Four Decades: A Joint Analysis of Businesses and Their Employees
Nicholas Bloom (Stanford University)
Fatih Guvenen (University of Minnesota)
Jae Song (Social Security Administration)
[View Abstract]
Accounting for Changes in Between Group Inequality
Ariel Burstein (University of California-Los Angeles)
Eduardo Morales (Columbia University)
Jonathan Vogel (Columbia University)
[View Abstract] [Download Preview]
Men Not At Work: Explaining Trends in Male Hours over Five Decades
Mark Aguiar (Princeton University)
Erik Hurst (University of Chicago)
Loukas Karabarbounis (University of Chicago)
[View Abstract]

Jan 04, 2014 8:00 am, Pennsylvania Convention Center, 106-B
Society of Government Economists
Recent Advances in Empirical Research Using Administrative Data (D1)
Presiding: Charles Hokayem (US Census Bureau)
An Evaluation of Retirement Income in the CPS ASEC Using IRS Form 1099-R Microdata
Adam Bee (US Census Bureau)
[View Abstract]
The Earnings Impact of Graduating from College during a Recession
Gary Benedetto (US Census Bureau)
Graton Gathright (US Census Bureau)
Martha Stinson (US Census Bureau)
[View Abstract]
Employment Transitions and Earnings Instability: An Analysis Using SIPP Linked to Administrative Data at the Job-Level
Holly Monti (US Census Bureau)
Gary Benedetto (US Census Bureau)
Graton Gathright (US Census Bureau)
Martha Stinson (US Census Bureau)
Kelly Trageser (US Census Bureau)
Christopher Wignall (US Census Bureau)
[View Abstract]
SNAP Receipt among the Non-Poor: Issues of Measurement in the ACS
Erik Scherpf (US Department of Agriculture)
[View Abstract]

Jan 04, 2014 8:00 am, Loews Philadelphia Hotel, Anthony
Union for Radical Political Economists
New Labor Process Research in the SSA Tradition (B5)
Presiding: Don Goldstein (Allegheny College)
Understanding Institutional Equilibrium, Decline, or Collapse in the Context of an SSA
James Devine (Loyola Marymount University)
[View Abstract] [Download Preview]
Exploring a Role for Capability Theory in SSA Labor Process Research
Don Goldstein (Allegheny College)
[View Abstract] [Download Preview]
Labor Process and the Social Structure of Accumulation in China
Zhongjin Li (University of Massachusetts-Amherst)
Hao Qi (University of Massachusetts-Amherst)
[View Abstract] [Download Preview]
What's Happening to Supervisory Labor: Downsizing, Changing Management Practices, Steps toward a New SSA?
Michele Naples (College of New Jersey)
[View Abstract] [Download Preview]
Discussants:
Hao Qi (University of Massachusetts-Amherst)
Thomas Herndon (University of Massachusetts-Amherst)
Mihnea Tudoreanu (University of Massachusetts-Amherst)

Jan 04, 2014 8:00 am, Loews Philadelphia Hotel, Tubman
Union for Radical Political Economists
South-South Economic Integration and Development (F5)
Presiding: Firat Demir (University of Oklahoma)
Effects of FDI Flows on Institutional Development in the South: Does it Matter Where the Investors are From?
Firat Demir (University of Oklahoma)
[View Abstract] [Download Preview]
South-South Economic Cooperation: Problems and Possibilities
Amitava Dutt (University of Notre Dame)
[View Abstract] [Download Preview]
The Consequences of Expanding South-South Trade: Revisiting an Old Question in Light of Trade and Open Economy Models
Arslan Razmi (University of Massachusetts-Amherst)
[View Abstract]
South-South Trade, Real Wages, and Commodity Prices
Matias Vernengo (University of Utah)
[View Abstract]
New Models of Development in the Southern Cone: Shifting Away from Neoliberal Orthodoxy Yet Moving Toward Re-Primarization: The Cases of Brazil and Argentina
Paul Cooney (Universidade Federal do Pará-Brazil)
[View Abstract]
Discussants:
Arslan Razmi (University of Massacusetts-Amherst)
William A. Darity, Jr. (Duke University)
Matias Vernengo (University of Utah)
Amitava Dutt (University of Notre Dame)

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, P1 Parlor
Agricultural & Applied Economics Association
Decarbonizing Transportation: Implications for Alternative Fuels and Agricultural Markets (Q1)
Presiding: Madhu Khanna (University of Illinois)
Key Economic Insights Required for Using Lifecycle Analysis for Policy Decisions
Antonio M. Bento (Cornell University)
Richard Klotz (Cornell University)
[View Abstract] [Download Preview]
Escape from Third-Best: Rating Emissions for Intensity Standards
Derek Lemoine (University of Arizona)
[View Abstract] [Download Preview]
Fracking and the (New) Economics of Natural Gas in Transportation
Steven Sexton (North Carolina State University)
[View Abstract]
Discussants:
Gal Hockman (Rutgers University)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon C
American Economic Association
Agency Conflicts and Asset Pricing (G1)
Presiding: Bruno Biais (Toulouse School of Economics)
Financial Crises, Risk Premia, and the Term Structure of Risky Assets
Tyler Muir (Northwestern University and Yale University)
[View Abstract]
Uncertainty Shocks and Balance Sheet Recessions
Sebastian Di Tella (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Risk-Sharing or Risk-Taking? Counterparty Risk, Incentives and Margins
Bruno Biais (Toulouse School of Economics)
Florian Heider (European Central Bank)
Marie Hoerova (European Central Bank)
[View Abstract]
Asset Management Contracts and Equilibrium Prices
Andrea M. Buffa (Boston University)
Dimitri Vayanos (London School of Economics)
Paul Woolley (London School of Economics)
[View Abstract]
Discussants:
Hyun S. Shin (Princeton University)
Markus K. Brunnermeier (Princeton University)
Alp Simsek (Massachusetts Institute of Technology)
Zhiguo He (University of Chicago)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 204-C
American Economic Association
Behavioral Economics and Public Policy (H3)
Presiding: Hunt Allcott (New York University)
Active vs. Passive Decisions and Crowd-out in Retirement Savings Accounts: Evidence from Denmark
Raj Chetty (Harvard University)
John Friedman (Harvard University)
Soren Leth-Petersen (University of Copenhagen)
Torben Heien Nielsen (Danish National Centre for Social Research)
Tore Olsen (University of Copenhagen)
[View Abstract]
How Product Standardization Affects Choice: Evidence from the Massachusetts Health Insurance Exchange
Keith Marzilli Ericson (Boston University)
Amanda Starc (University of Pennsylvania)
[View Abstract] [Download Preview]
Can a Small Nudge Affect Job Choice? Experimental Evidence from Teach for America
Lucas Coffman (Ohio State University)
Clayton Featherstone (University of Pennsylvania)
Judd Kessler (University of Pennsylvania)
[View Abstract]
The Lightbulb Paradox: Evidence from Two Randomized Control Trials
Hunt Allcott (New York University)
Dmitry Taubinsky (Harvard University)
[View Abstract] [Download Preview]
Discussants:
John Beshears (Harvard University)
Stefano DellaVigna (University of California-Berkeley)
Joshua Schwartzstein (Dartmouth College)
Stephan Meier (Columbia University)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon E
American Economic Association
Climate Change Policy after Kyoto (Q5)
Presiding: Nicholas Stern (London School of Economics)
Tax Policy Issues in Designing a Carbon Tax
Eric Toder (Urban Institute)
Donald Marron (Urban Institute)
How Effective are U.S. Renewable Energy Subsidies in Cutting Greenhouse Gases?
Brian Murray (Duke University)
John Reilly (Massachusetts Institute of Technology)
Maureen Cropper (University of Maryland)
Francisco de la Chesnaye (Electric Power Research Institute (EPRI))
[View Abstract] [Download Preview]
International Aspects of Taxing Carbon
Charles McLure (Hoover Institution)
[View Abstract] [Download Preview]
The Costs and Consequences of Clean Air Act Regulation of CO2 from Power Plants
Dallas Burtraw (Resources for the Future)
Joshua Linn (Resources for the Future)
Karen Palmer (Resources for the Future)
Anthony Paul (Resources for the Future)
[View Abstract] [Download Preview]
Discussants:
Gilbert Metcalf (Tufts University)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 109-B
American Economic Association
Computational Solutions to Optimal Policy Problems (C6)
Presiding: Laurence Kotlikoff (Boston University)
Generational Risk - Is It a Big Deal?
Jasmina Hasanhodzik (Boston University)
Laurence J. Kotlikoff (Boston University)
[View Abstract] [Download Preview]
Searching for an Optimal Taylor Rule
Serguei Maliar (Stanford University)
Lilia Maliar (Stanford University)
[View Abstract]
Optimal Dynamic Taxation with Endogenous Government Debt Limits
Sevin Yeltekin (Carnegie-Mellon University)
Kenneth Judd (Hoover Institution)
[View Abstract]
A Big Data Approach to Optimal Sales Taxation
Richard W. Evans (Brigham Young University)
Kerk Phillips (Brigham Young University)
Kenneth Judd (Hoover Institution)
Jeremy Bejarano (Brigham Young University)
Christian Baker (Brigham Young University)
[View Abstract]
Discussants:
Laurence J. Kotlikoff (Boston University)
Kenneth Judd (Hoover Institution)
Sevin Yeltekin (Carnegie-Mellon University)
Serguei Maliar (Stanford University)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 202-A
American Economic Association
Economic Development (O1)
Presiding: Anne Case (Princeton University)
Business Literacy and Development: Evidence from a Randomized Controlled Trial in Rural Mexico
Giacomo de Giorgi (Stanford University)
Gabriela Calderon (Stanford University)
Jesse Cunha (Naval Postgraduate School)
[View Abstract] [Download Preview]
What is Social Inequality and Why Does it Matter?
Chiara Binelli (University of Southampton)
Matthew Loveless (University of Kent)
Stephen Whitefield (University of Oxford)
[View Abstract] [Download Preview]
The Impact of Civil Unrest on Social Capital in Rural Kenya
Joan Hamory Hicks (University of California-Berkeley)
Daniel L. Hicks (University of Oklahoma)
[View Abstract]
Putting Social Preferences into Context Separating Monetary and Socio-Psychological Incentives
Andreas Bergh (Lund University)
[View Abstract] [Download Preview]
Contracts Do Matter: Evidence That Legal Formalism Has a Significant Impact on Household Wealth
Alan Green (Stetson University)
[View Abstract] [Download Preview]
The Economic Consequences of the Spanish Reconquest: The Long-Term Effect of Political Power Concentration on Development
Diego Romero-Ávila (Pablo de Olavide University)
Daniel Oto-Peralías (Pablo de Olavide University)
[View Abstract] [Download Preview]

Jan 04, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon F
American Economic Association
Economics at the Federal Reserve Banks (E5) (Panel Discussion)
Panel Moderator: Stanley Fischer (Council on Foreign Relations)
William Dudley (Federal Reserve Bank of New York)
Narayana Kocherlakota (Federal Reserve Bank of Minneapolis)
Charles I. Plosser (Federal Reserve Bank of Philadelphia)
Eric Rosengren (Federal Reserve Bank of Boston)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 201-B
American Economic Association
Economics Education in the Digital Age: The Implications of Online Technologies and MOOCs (A1)
Presiding: Nancy Rose (Massachusetts Institute of Technology)
Teaching Economics Online: Experience With a MOOC on Development Economics
Abhijit Banerjee (Massachusetts Institute of Technology)
Esther Duflo (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
The Industrial Organization of Online Education
Tyler Cowen (George Mason University)
Alex Tabarrok (George Mason University)
[View Abstract] [Download Preview]
Equalizing Superstars: The Internet and the Democratization of Education
Daron Acemoglu (Massachusetts Institute of Technology)
David Laibson (Harvard University)
John A. List (University of Chicago)
[View Abstract] [Download Preview]
Sustainable Economics Models for Online Postsecondary Education? MOOCs, Nonselective, and Highly Selective Advanced Education
Caroline Hoxby (Stanford University)
[View Abstract] [Download Preview]
Discussants:
Gail Hoyt (University of Kentucky)
John Siegfried (Vanderbilt University)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 204-A
American Economic Association
Economics of the Internet and Mobile Computing (L1)
Presiding: Glenn Ellison (Massachusetts Institute of Technology)
Mobile Computing: The Next Platform Rivalry
Tim Bresnahan (Stanford University)
Shane Greenstein (Northwestern University)
[View Abstract] [Download Preview]
Trading Dollars for Dollars: The Price of Attention Online and Offline
Matthew Gentzkow (University of Chicago)
[View Abstract] [Download Preview]
The Growth of Mobile Electronic Commerce
Liran Einav (Stanford University)
Jonathan Levin (Stanford University)
Igor Popov (Stanford University)
Neel Sundaresan (eBay)
[View Abstract]
Discussants:
Hal Varian (Google)
Susan Athey (Stanford University)
Pat Bajari (Amazon)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 108-B
American Economic Association
Explaining Commodity Price Fluctuations (Q4)
Presiding: Gordon Rausser (University of California-Berkeley)
Demand Effects and Speculation in Oil Markets: Theory and Evidence
Eyal Dvir (Boston College)
Kenneth Rogoff (Harvard University)
[View Abstract] [Download Preview]
Forecasting the Real Price of Oil in a Changing World
Lutz Kilian (University of Michigan)
Christiane Baumeister (Bank of Canada)
[View Abstract] [Download Preview]
150 Years of Boom and Bust: What Drives Mineral Commodity Prices?
Martin Stuermer (University of Bonn)
[View Abstract] [Download Preview]
Effects of Index-Fund Investing on Commodity Futures Prices
James D. Hamilton (University of California-San Diego)
Jing Cynthia Wu (University of Chicago)
[View Abstract] [Download Preview]
Discussants:
Christopher R. Knittel (Massachusetts Institute of Technology)
Thomas Helbling (International Monetary Fund)
Gordon Rausser (University of California-Berkeley)
Michael Sockin (Princeton University)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 202-B
American Economic Association
Giving and Social Contexts (H4)
Presiding: Kimberley Scharf (University of Warwick)
Hey Look At Me! The Effect of Giving Circles on Giving
Dean Karlan (Yale University)
Margaret McConnell (Harvard University)
[View Abstract]
Viral Altruism? A Study of Charitable Giving in On-Line Networks
Mario Macis (Johns Hopkins University)
Nicola Lacetera (University of Toronto)
Angelo Mele (Johns Hopkins University)
[View Abstract]
Charitable Giving and Social Group Size: Does it Take a lot of Friends to be a Successful Fundraiser?
Sarah Smith (University of Bristol)
Kimberley Scharf (University of Warwick)
[View Abstract] [Download Preview]
Represented and Situated Social Contexts of Giving
Jen Shang (Indiana University and University of Bristol)
[View Abstract]
Discussants:
A. Abigail Payne (McMaster University)
Leonard Lee (Columbia University)
Angelo Mele (Johns Hopkins University)
Michael K. Price (Georgia State University)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 201-C
American Economic Association
Healthcare Performance and Competition (I1)
Presiding: John Van Reenen (London School of Economics)
The Impact of Market Competition on Healthcare Quality: Fragmentation in Physician-Hospital Networks
Julie PW Bynum (Dartmouth College)
Jonathan S. Skinner (Dartmouth College)
[View Abstract]
Does Competition Improve Public Hospitals' Efficiency? Evidence from a Quasi-Experiment in the English National Health Service
Zack Cooper (Yale University)
Stephen Gibbons (London School of Economics)
Alistair McGuire (London School of Economics)
[View Abstract]
The Impact of Competition on Management Quality: Evidence from Public Hospitals
Nicholas Bloom (Stanford University)
Carol Propper (University of Bristol)
Stephan Seiler (Stanford University)
John Van Reenen (London School of Economics)
[View Abstract] [Download Preview]
Healthcare Exceptionalism? Productivity and Allocation in the United States Healthcare Sector
Amy N. Finkelstein (Massachusetts Institute of Technology)
Amitabh Chandra (Harvard University)
Chad Syverson (University of Chicago)
Adam Sacarny (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 103-B
American Economic Association
Household Finances during the Crisis - A European-United States Perspective (D1)
Presiding: Michael Ehrmann (European Central Bank)
The Dynamics of Household Saving in the Great Recession: Evidence from Longitudinal Wealth Surveys in Spain and the United States
Olympia Bover (Bank of Spain)
Arthur Kennickell (Federal Reserve Board)
[View Abstract]
Changes in Wealth and Labor Supply Responses of Older Households in the Great Recession: An Analysis with the Survey of Consumer Finances
Jesse Bricker (Federal Reserve Board)
Kevin Moore (Federal Reserve Board)
Jeffrey Thompson (Federal Reserve Board)
[View Abstract] [Download Preview]
The Distribution of Wealth and the Marginal Propensity to Consume
Christopher D. Carroll (Johns Hopkins University)
Jiri Slacalek (European Central Bank)
Kiichi Tokuoka (Ministry of Finance, Japan)
[View Abstract] [Download Preview]
Exploring Differences in Household Debt across Euro Area Countries and the United States
Dimitris Christelis (CSEF, CSF and CEPAR)
Michael Ehrmann (Bank of Canada)
Dimitris Georgarakos (Goethe University)
[View Abstract] [Download Preview]
Discussants:
Enrichetta Ravina (Columbia University)
Luigi Pistaferri (Stanford University)
Gianluca Violante (New York University)
Daniel Cooper (Federal Reserve Bank of Boston)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Liberty Ballroom
American Economic Association
Macroeconomic Impact of Population Aging (E2)
Presiding: Alan Auerbach (University of California-Berkeley)
Overview of the Macroeconomic Impacts of Aging
Ronald Lee (University of California-Berkeley)
[View Abstract] [Download Preview]
Growth and Aging
Louise Sheiner (Federal Reserve Board)
[View Abstract]
Aging in Europe: Reforms and behavioral reactions
Axel Boersch-Supan (Max Planck Institute)
[View Abstract] [Download Preview]
The Growing Gap In Life Expectancy: Using the Future Elderly Model to Estimate Implications for Social Security and Medicare
Peter R. Orszag (Citigroup)
[View Abstract]

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, Grand Hall
American Economic Association
Microeconomics Poster Session (D1) (Poster Session)
Presiding: W. Alan Bartley (Transylvania University)
Unmet Aspirations as an Explanation for the Age U-Shape in Human Wellbeing
Hannes Schwandt (Princeton University)
[Download Preview]
Cost Containment, Vendor Participation and Participant Access: Evidence from the WIC Program
Katherine H. Meckel (Columbia University)
Religion, Economics, and the Electoral Success of the Nazis
Jorg L. Spenkuch (Northwestern University)
Philipp Tillmann (University of Chicago)
[Download Preview]
Understanding Informality: Sub-National Determinants in Mexico
Sean Dougherty (OECD Economics Department)
Octavio Escobar (ESG Management School Paris)
[Download Preview]
Personality Traits and Financial Decision-Making
Yilan Xu (University of Illinois)
Andrea H. Beller (University of Illinois)
Brent W. Roberts (University of Illinois)
Jeffrey R. Brown (University of Illinois)
Cognitive Development and Civil War in Africa
Philip Verwimp (Université Libre de Bruxelles)
Ambiguity Aversion: Experimental Modeling, Evidence, and Implications for Pricing
Jan Pieter Krahnen (Goethe University Frankfurt)
Peter Ockenfels (Goethe University Frankfurt)
Christian Wilde (Goethe University Frankfurt)
[Download Preview]
Cross-Industry Interlinkages in Employment Growth: Evidence from Brazil
Jean Nahrae Lee (New York University)
Daniel Ribeiro Carvalho (USC Marshall School of Business)
[Download Preview]
Attenuation Bias, Recall Error and Housing Wealth Effects
Yvonne McCarthy (Central Bank or Ireland)
Kieran McQuinn (Central Bank of Ireland)
[Download Preview]
The Discriminatory Effect of Domestic Regulations on International Trade in Services: Evidence from Firm-Level Data
Matthieu Crozet (Paris School of Economics (Paris I) and CEPII)
Emmanuel Milet (Paris School of Economics (Paris I))
Daniel Mirza (University François Rabelais and GERCIE, CEPII and the Banque de France)
[Download Preview]
Firm Downsizing, Public Policy, and the Age Structure of Employment Adjustments
Sebastian Buhai (Stockholm University)
Hans-Martin von Gaudecker (University of Bonn)
[Download Preview]
Measuring Economic Change in Indonesia —As Seen from Space
Susan Olivia (Monash University)
John Gibson (University of Waikato)
Economic Shocks, Civil War & Ethnicity
Thorsten Janus (University of Wyoming)
Daniel Riera-Crichton (Bates College)
[Download Preview]
The Effect of Child Support Income on TANF Exits and Re-Entries After the Great Recession
Jeongsoo Kim (Department of Commerce)
An Eye-Tracking Study of Feature-Based Choice in One-Shot Games
Giovanna Devetag (Luiss Guido Carli)
Sibilla Di Guida (SBS-EM, ECARES, Université Libre de Bruxelles)
Luca Polonio (Department of Cognitive Science and Education)
eBay or Amazon? Time-Sensitive Retail Purchases via Auctions
Brennan Christopher Platt (Brigham Young University)
[Download Preview]
Happy Mothers, Successful Children: Effects of Maternal Life Satisfaction on Child Outcomes
Dimitrios Nikolaou (Illinois State University)
[Download Preview]
How did Massachusetts Health Reform Affect the SSI-Disabled Program?
Chun-chieh Hu (Syracuse University)
[Download Preview]
Sanctions and Trade Diversion: Exporter-level Evidence from Iran
Jamal Ibrahim Haidar (Paris School of Economics)
Optimal timing, cost and sectoral dispatch of emission reductions: abatement cost curves vs. abatement capital accumulation
Adrien Vogt-schilb (CIRED)
Guy Meunier (INRA)
Stephane Hallegatte (World Bank)
[Download Preview]
The Effect of Welfare Reform on Women's Marital Bargaining Power
Mia Bird (University of California, Berkeley)
[Download Preview]
Heterogeneity in the Neighborhood Spillover Effects of Foreclosed Properties
Lei Zhang (North Dakota State University)
Tammy Leonard (University of Texas at Dallas)
James Murdoch (University of Texas at Dallas)
The Impact of Weight Control Belief on Cigarette Consumption among Adults: Findings from the ITC Project
Ce Shang (University of Illinois at Chicago, Institute for Health Research and Policy)
Frank J. Chaloupka (1Health Policy Center, Institute for Health Research and Policy, University of Illinois at Chicago, Chicago, IL)
Geoffrey T. Fong (Department of Psychology, University of Waterloo, Waterloo, Canada)
Mary Thompson (5Department of Statistics and Actuarial Science, University of Waterloo, Waterloo, Ontario)
Mohammad Siahpush (College of Public Health, University of Nebraska Medical Center, Nebraska)
[Download Preview]
Infectious Disease Detection with Private Information
Alexander Ernestovich Saak (International Food Policy Research Institute)
David A. Hennessy (Iowa State University)
[Download Preview]

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 103-C
American Economic Association
Nature of Labor Income Dynamics (J3)
Presiding: Fatih Karahan (Federal Reserve Bank of New York)
Labor Income Dynamics and the Insurance from Taxes, Transfers, and the Family
Richard Blundell (University College London and Institute for Fiscal Studies)
Michael Graber (University College London)
Magne Mogstad (University College London)
[View Abstract] [Download Preview]
Subjective Expectations and Income Processes in Rural India
Orazio Attanasio (University College London)
Britta Augsburg (Institute for Fiscal Studies)
[View Abstract]
Matching, Sorting, Firm Output and Wages
Thibaut Lamadon (University College London)
Jeremy Lise (University College London)
Costas Meghir (Yale University)
Jean-Marc Robin (Sciences Po and University College London)
[View Abstract]
What Do Data on Millions of United States Workers Say About Labor Income Risk?
Fatih Guvenen (University of Minnesota)
Fatih Karahan (Federal Reserve Bank of New York)
Serdar Ozkan (Federal Reserve Board)
Jae Song (Social Security Administration)
[View Abstract]

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 107-B
American Economic Association
New Perspectives on Corporate Governance (G3)
Presiding: Luigi Zingales (University of Chicago)
The Financial Crisis of 1873 and 19th Century American Corporate Governance
Efraim Benmelech (Northwestern University)
[View Abstract]
Economic Consequences of Changing Organizational Structures: Evidence from the Death Sentence Clause of the PUHCA of 1935
Francisco Perez-Gonzalez (Stanford University)
[View Abstract]
How Pervasive is Corporate Fraud?
Alexander Dyck (University of Toronto)
Adair Morse (University of California-Berkeley)
Luigi Zingales (University of Chicago)
[View Abstract]
Discussants:
Franklin Allen (University of Pennsylvania)
Amit Seru (University of Chicago)
Frank Partnoy (University of California-San Diego)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 112-B
American Economic Association
Policy Interventions and Educational Outcomes (J6)
Presiding: Rodney Andrews (University of Texas-Dallas)
The Effect of Health Care Access on Academic Achievement: Evidence from State Medicaid and SCHIP Expansions
Michael F. Lovenheim (Cornell University)
Samuel Kleiner (Cornell University)
[View Abstract]
Using School Choice Lotteries to Test Measures of School Effectiveness
David Deming (Harvard University)
[View Abstract] [Download Preview]
Effects of Charter School Entry on Local School Markets
Marcus Casey (University of Illinois-Chicago)
Patrick Baude (University of Illinois-Chicago)
Eric Hanushek (Stanford University)
Steve Rivkin (University of Illinois-Chicago)
[View Abstract]
Intensive Math Instruction and Educational Attainment: Long-Run Impacts of Double Dose Algebra
Kalena Cortes (Texas A & M University)
Joshua Goodman (Harvard University)
Takako Nomi (St. Louis University)
[View Abstract]
Discussants:
Juan Carlos Suárez Serrato (Stanford University)
Monica Deza (University of Texas-Dallas)
Damon Jones (University of Chicago)
Omari Swinton (Howard University)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 203-A
American Economic Association
Raising Revenue: The Economics of Tax Evasion and Enforcement (H2)
Presiding: Joel Slemrod (University of Michigan)
Do the Laws of Tax Incidence Hold? Point of Collection and the Pass-Through of State Diesel Taxes
Erich Muehlegger (Harvard University)
Wojciech Kopczuk (Columbia University)
Justin Marion (University of California-Santa Cruz)
Joel Slemrod (University of Michigan)
[View Abstract] [Download Preview]
No Taxation without Information: Deterrence and Self-Enforcement in the Value Added Tax
Dina Pomeranz (Harvard University)
[View Abstract] [Download Preview]
Taxes on the Internet: Deterrence Effects of Public Disclosure
Joel Slemrod (University of Michigan)
Thor Thoresen (Statistics Norway)
Erlend Bø (Statistics Norway)
[View Abstract] [Download Preview]
Tax Flights
Koleman Strumpf (University of Kansas)
[View Abstract] [Download Preview]
Discussants:
David Merriman (University of Illinois-Chicago)
James Alm (Tulane University)
Austan Goolsbee (University of Chicago)
Nathaniel Hendren (NBER and Harvard University)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 204-B
American Economic Association
Rapid Growth or Stagnation for the United States Economy? (F4)
Presiding: Dominick Salvatore (Fordham University)
Economic Growth and Convergence
Robert Barro (Harvard University)
[View Abstract]
How to Achieve Stronger United States Growth
Martin Feldstein (Harvard University)
[View Abstract] [Download Preview]
Path to Prosperity
Edward C. Prescott (Arizona State University)
[View Abstract]
Stagnation -- The New Normal
Lawrence Summers (Harvard University)
Rapid Growth or Stagnation? An Economic Policy Choice
John B. Taylor (Stanford University)
[View Abstract]
Discussants:
Dale Jorgenson (Harvard University)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 110-B
American Economic Association
Strategies for Reducing Crime (K4)
Presiding: David Abrams (University of Pennsylvania)
Preventing Youth Violence and Dropout: A Randomized Field Experiment
Jens Ludwig (University of Chicago)
Sara Heller (University of Chicago)
Harold Pollack (University of Chicago)
Roseanna Ander (University of Chicago)
[View Abstract]
How Effective are Enforcement Efforts Targeting Illegal Drugs? Evaluating OTC Restrictions Targeting Methamphetamine Precursors
Matthew Weinberg (Drexel University)
Carlos Dobkin (University of California-Santa Cruz)
Nancy Nicosia (RAND Corporation)
[View Abstract] [Download Preview]
Fragmentation and Crime
Anne Morrison Piehl (Rutgers University)
Hilary Sigman (Rutgers University)
[View Abstract]
Discussants:
Matthew J. Lindquist (SOFI, Stockholm University)
Rosalie Pacula (RAND Corporation)
William Hoyt (University of Kentucky)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 203-B
American Economic Association
The Cyclicality of Hiring and Employment (A1)
Presiding: John Haltiwanger (University of Maryland)
Cyclical Reallocation of Workers across Large and Small Employers
Erika McEntarfer (US Census Bureau)
John Haltiwanger (University of Maryland)
Henry Hyatt (US Census Bureau)
LIliana Sousa (US Census Bureau)
[View Abstract] [Download Preview]
On the Importance of the Participation Margin for Labor Market Fluctuations
Aysegul Sahin (Federal Reserve Bank of New York)
Michael W. L. Elsby (University of Edinburgh)
Bart Hobijn (Federal Reserve Bank of San Francisco)
[View Abstract]
Job Search Behavior over the Business Cycle
Toshihiko Mukoyama (University of Virginia)
Christina Patterson (Federal Reserve Bank of New York)
Aysegul Sahin (Federal Reserve Bank of New York)
[View Abstract] [Download Preview]
The Cyclical Behavior of Employment: Does it Matter Whether You Ask Households or Employers?
James R. Spletzer (US Census Bureau)
Katharine Abraham (University of Maryland)
John Haltiwanger (University of Maryland)
kristin Sandusky (US Census Bureau)
[View Abstract]
Discussants:
Giuseppe Moscarini (Yale University)
Christopher J. Nekarda (Federal Reserve Board)
Andreas Mueller (Columbia University)
Bruce Fallick (Federal Reserve Board)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 103-A
American Economic Association
The Growth of Finance (G1)
Presiding: Robin Greenwood (Harvard University)
Money Doctors
Nicola Gennaioli (Universitat Pompeu Fabra)
Andrei Shleifer (Harvard University, Department of Economics)
Robert W. Vishny (University of Chicago)
[View Abstract]
The Growth of Finance
Robin Greenwood (Harvard University)
David S. Scharfstein (Harvard University)
[View Abstract]
Has the United States Financial Industry Become Less Efficient?
Thomas Philippon (New York University)
[View Abstract] [Download Preview]
Towards a Run-Free Financial System
John H. Cochrane (University of Chicago)
[View Abstract]
Discussants:
John H. Cochrane (University of Chicago)
Thomas Philippon (New York University)
Robin Greenwood (Harvard University)
Andrei Shleifer (Harvard University, Department of Economics)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 105-B
American Economic Association
Trade and Development (F1)
Presiding: Stephen Redding (Princeton University)
Railroads and American Economic Growth: A Market Access Approach
Dave Donaldson (Massachusetts Institute of Technology)
Richard Hornbeck (Harvard University)
[View Abstract] [Download Preview]
Export Markets and Labor Reallocation in a Low-Income Country
Brian McCaig (Australian National University)
Nina Pavcnik (Dartmouth College)
[View Abstract] [Download Preview]
Agricultural Productivity and Structural Transformation: Evidence from Brazil
Paula Bustos (Universitat Pompeu Fabra)
Bruno Caprettini (Universitat Pompeu Fabra)
Jacopo Ponticelli (Universitat Pompeu Fabra)
[View Abstract] [Download Preview]
External Integration and Internal Development: Evidence from Argentina 1870-1914
Pablo D. Fajgelbaum (University of California-Los Angeles)
Stephen J. Redding (Princeton University)
[View Abstract]
Discussants:
Gilles Duranton (University of Pennsylvania)
Brian Kovak (Carnegie Mellon University)
David Lagakos (University of California-San Diego)
David E. Weinstein (Columbia University)

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, Commonwealth Hall D
American Finance Association
Cross-Sectional Variation in Average Returns and Volatilities (G1)
Presiding: Christopher Polk (London School of Economics)
Asset Pricing in the Dark: the Cross Section of OTC Stocks
Andrew Ang (Columbia University)
Assaf Shtauber (Columbia University)
Paul Tetlock (Columbia University)
[View Abstract]
Firm Characteristics and Empirical Factor Models: a Data-Mining Experiment
Leonid Kogan (Massachusetts Institute of Technology)
Mary Tian (Federal Reserve Board)
[View Abstract]
Dissecting Factors
Joseph Gerakos (University of Chicago)
Juhani Linnainmaa (University of Chicago)
[View Abstract] [Download Preview]
The Common Factor in Idiosyncratic Volatility
Bryan T. Kelly (University of Chicago)
Hanno Lustig (University of California-Los Angeles)
Stijn Van Nieuwerburgh (New York University)
[View Abstract] [Download Preview]
Discussants:
Dong Lou (London School of Economics)
Jonathan Lewellen (Dartmouth College)
Kent Daniel (Columbia University)
John Y. Campbell (Harvard University)

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, Commonwealth Hall A
American Finance Association
Determinants and Consequences of Corporate Cash Holdings (G3)
Presiding: Heitor Almeida (University of Illinois-Urbana Champaign)
Labor Adjustment Costs and Capital Structure Decisions
Matthew Serfling (University of Arizona)
[View Abstract] [Download Preview]
Is There a United States High Cash Holdings Puzzle After the Financial Crisis?
Lee Pinkowitz (Georgetown University)
René M. Stulz (Ohio State University)
Rohan Williamson (Georgetown University)
[View Abstract] [Download Preview]
Easy Come, Easy Go: Cheap Cash and Bad Corporate Decisions
Igor Cunha (University of Illinois-Urbana Champaign)
[View Abstract] [Download Preview]
Discussants:
Hyunseob Kim (Cornell University)
Fritz Foley (Harvard University)
Jarrad Harford (University of Washington)

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, Commonwealth Hall B
American Finance Association
Managerial Incentives I (G3)
Presiding: Gustavo Manso (University of California-Berkeley)
Large Shareholders and CEO Performance-Based Pay: New Evidence from Privately-Held Firms
Huasheng Gao (Nanyang Technological University)
Kai Li (University of British Columbia)
[View Abstract]
Idiosyncratic Risk and the Manager
Brent Glover (Carnegie Mellon University)
Oliver Levine (University of Wisconsin-Madison)
[View Abstract]
Employment and Wage Insurance within Firms: Worldwide Evidence
Andrew Ellul (Indiana University)
Marco Pagano (Universite di Napoli Federico II)
Fabiano Schivardi (LUISS)
[View Abstract] [Download Preview]
Discussants:
Jay Hartzell (University of Texas-Austin)
Dmitry Livdan (University of California-Berkeley)
David Sraer (Princeton University)

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, Commonwealth Hall C
American Finance Association
Mutual Funds and Investment Choice (G1)
Presiding: William Goetzmann (Yale University)
Adding Value Through Information Interpretation: News Tangibility and Mutual Funds Trading
Oleg Chuprinin (University of New South Wales)
Sergio Gaspar (INSEAD)
Massimo Massa (INSEAD)
[View Abstract] [Download Preview]
Investment Decisions under Ambiguity: Evidence from Mutual Fund Investor Behavior
C. Wei Li (University of Iowa)
Ashish Tiwari (University of Iowa)
Lin Tong (University of Iowa)
[View Abstract] [Download Preview]
Asset Allocation and Monetary Policy: Evidence from the Eurozone
Harald Hau (University of Geneva)
Sandy Lai (University of Hong Kong)
[View Abstract] [Download Preview]
Performance-Chasing Behavior and Mutual Funds: New Evidence from Multi-Fund Managers
Darwin Choi (Hong Kong University of Science and Technology)
Bige Kahraman (Stockholm School of Economics)
Abhiroop Mukherjee (Hong Kong University of Science and Technology)
[View Abstract] [Download Preview]
Discussants:
Roy Zuckerman (Rutgers University)
Philipp Illeditsch (University of Pennsylvania)
Masahiro Watanabe (University of Alberta)
Hong Zhang (INSEAD)

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, Millennium Hall
American Finance Association
Panel Discussion: What Should Macroeconomists Learn from Finance? (G1)
Presiding: Amir Sufi (University of Chicago)
Discussants:
Markus K. Brunnermeier (Princeton University)
Atif Mian (Princeton University)
Arvind Krishnamurthy (Northwestern University)

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, Regency Ballroom A
American Finance Association
Private Equity (G2)
Presiding: David Robinson (Duke University)
The Operational Consequences of Private Equity Buyouts
Shai Bernstein (Stanford University)
Albert Sheen (Harvard Business School)
[View Abstract] [Download Preview]
The Disintermediation of Financial Markets: Direct Investing in Private Equity
Lily Fang (INSEAD)
Victoria Ivashina (Harvard Business School)
Joshua Lerner (Harvard Business School)
[View Abstract]
Do Private Equity Funds Game Returns?
Gregory Brown (University of North Carolina-Chapel Hill)
Oleg Gredil (University of North Carolina-Chapel Hill)
Steven Kaplan (University of Chicago)
[View Abstract]
Limited Partner Performance and the Maturing of the Private Equity Industry
Berk A. Sensoy (Ohio State University)
Yingdi Wang (California State University-Fullerton)
Michael Weisbach (Ohio State University)
[View Abstract] [Download Preview]
Discussants:
Laura Lindsey (Arizona State University)
Morten Sorensen (Columbia University)
Tim Jenkinson (Oxford University)
Yael V. Hochberg (Northwestern University)

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, Washington B
American Real Estate & Urban Economic Association
Government Intervention in Residential Mortgage Markets (G2)
Presiding: Shane Sherlund (Federal Reserve Board)
Is the FHA Creating Sustainable Homeownership?
Andrew Caplin (New York University)
Anna Cororaton (Federal Reserve Bank of New York)
Joseph Tracy (Federal Reserve Bank of New York)
[View Abstract] [Download Preview]
Securitization and the Fixed-Rate Mortgage
Andreas Fuster (Federal Reserve Bank of New York)
James Vickery (Federal Reserve Bank of New York)
[View Abstract]
Supervisory Stress Testing, Model Risk, and Model Disclosure: Lessons from OFHEO
W. Scott Frame (University of North Carolina-Charlotte)
Kristopher Gerardi (Federal Reserve Bank of Atlanta)
Diana Hancock (Federal Reserve Board)
Paul Willen (Federal Reserve Bank of Boston)
[View Abstract]
How the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-backed Securities (MBS) Yields and U.S. Mortgage Rates
Wayne Passmore (Federal Reserve Board)
Diana Hancock (Federal Reserve Board)
[View Abstract] [Download Preview]
Discussants:
Christopher L. Foote (Federal Reserve Bank of Boston)
Kamila Sommer (Federal Reserve Board)
Robert Sarama (Federal Reserve Board)
Taylor Nadauld (Brigham Young University)

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, Washington C
American Real Estate & Urban Economic Association
Mortgages 3 (D1)
Presiding: Karen Pence (Federal Reserve Board)
Determinants of Mortgage Curtailment Behavior
Hong Lee (Louisiana State University)
Meagan McCollum (Louisiana State University)
Kelley Pace (Louisiana State University)
Did Local Lenders Forecast the Bust? Evidence from the Real Estate Market
Kristle Romero Cortes (Federal Reserve Bank of Cleveland)
Experimental Tests for Discrimination by Mortgage Loan Originators
Andrew Hanson (Marquette University)
Zackary Hawley (Texas Christian University)
Bo Liu (Georgia State University)
Hal Martin (Georgia State University)
[View Abstract]
The Interest Rate Elasticity of Mortgage Demand: Evidence from Bunching at the Conforming Loan Limit
Anthony DeFusco (University of Pennsylvania)
Andrew Paciorek (Federal Reserve Board of Governors)
[View Abstract] [Download Preview]
Discussants:
Andra Ghent (Arizona State University)
Andrew Paciorek (Federal Reserve Board)
Elliot Anenberg (Federal Reserve Board)
Manuel Adelino (Duke University)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Meeting Room 413
American Risk & Insurance Association/American Economic Association
Topics in Risk and Economics (D8)
Presiding: Martin Grace (Georgia State University)
Loss Reserve Management Surrounding CEO Turnover: Evidence from the Property-Casualty Insurance Industry
Jiang Cheng (Shanghai University of Finance and Economics)
J David Cummins (Temple University)
Tzuting Lin (National Taiwan University)
[View Abstract]
Do Elections Delay Regulatory Action?
Martin F. Grace (Georgia State University)
J Tyler Leverty (University of Iowa)
[View Abstract] [Download Preview]
The Influence of Premium Subsidies on Moral Hazard in Insurance Contracts
Johannes Jasperson (Ludwig-Maximilians-Universitaet)
Andreas Richter (Ludwig-Maximilians-Universitaet)
[View Abstract]
Optimal Life Cycle Portfolio Choice with Variable Annuities Offering Liquidity and Investment Downside Protection
Vanya Horneff (Goethe University Frankfurt)
Raimond Maurer (Goethe University Frankfurt)
Olivia S. Mitchell (University of Pennsylvania)
Ralph Rogalla (Goethe University Frankfurt)
[View Abstract] [Download Preview]
The Effect of Banking Crises: Evidence from Non-life Insurance
Shinichi Kamiya (Nanyang Technological University)
George Zanjani (Georgia State University)
Jackie Li (Nanyang Technological University)
[View Abstract] [Download Preview]

Jan 04, 2014 10:15 am, Philadelphia Marriott, Meeting Room 305
American Society of Hispanic Economists
Migration Factors and Economic Outcomes (F22)
Presiding: David Molina (University of North Texas)
Selectivity and Immigrant Employment
Brian Duncan (University of Colorado-Denver)
Stephen J. Trejo (University of Texas-Austin)
[View Abstract] [Download Preview]
Does Violence Affect Migration Flows? Evidence from the Mexican Drug War
Heriberto Gonzalez Lozano (University of Pittsburgh)
Sandra Orozco-Aleman (Mississippi State University)
[View Abstract]
Where is the American Dream? Community Level Immigration Enforcement and Interstate Migration
Catalina Amuedo-Dorantes (San Diego State University)
Fernando A. Lozano (Pomona College)
[View Abstract]
Does the United States Labor Market Reward International Experience?
Susan Pozo (Western Michigan University)
[View Abstract] [Download Preview]
Discussants:
Marie T. Mora (University of Texas-Pan American)
Anita Alves Pena (Colorado State University)
Ronald L. Oaxaca (University of Arizona)
Richard Fry (Pew Research Center)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon A
Association for Comparative Economic Studies
Kazakhstan's Economic Strategy: Halfway to 2030 (O2)
Presiding: Richard Pomfret (University of Adelaide)
Kazakhstan's 2030 Strategy: Goals, Instruments and Performance
Richard Pomfret (University of Adelaide)
[View Abstract] [Download Preview]
Agriculture in Kazakhstan's 2030 Strategy: Achievements to Date and Obstacles to Future Development
Martin Petrick (Leibniz Institute of Agricultural Development Halle)
Juergen Wandel (Warsaw School of Economics)
[View Abstract] [Download Preview]
Kazakhstan: The Best Oil Magnate in the CIS?
Yelena Kalyuzhnova (University of Reading)
[View Abstract] [Download Preview]
Kazakhstan's 2050 Strategy: Goals, Instruments and Prospects
Johannes Linn (Brookings Institution)
[View Abstract] [Download Preview]
Discussants:
David M. Kemme (University of Memphis)
Paolo Verme (World Bank)

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, Regency Ballroom C1
Association for Evolutionary Economics
The Institutionalist Movement in American Economics: A Discussion of Malcolm Rutherford's Book (B5) (Panel Discussion)
Panel Moderator: John Henry (University of Missouri-Kansas City)
Anne Mayhew (University of Tennessee) Using Rutherford to Identify Marginalized Splinters
Sherry D. Kasper (Maryville College) Thoughts on the Institutionalist Movement in American Economics from the Lens of the History of Economics
Robert E. Prasch (Middlebury College) The Neoclassicism and Institutionalism: A Brief History of a Failed Relationship
Frederic Lee (University of Missouri-Kansas City) Institutional Economics of the Inter-war Period
Malcolm Rutherford (University of Victoria) Response to Panelists

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, Congress A
Association for Social Economics
The Ethics and Economics of Corporation Governance, Finance, and the Great Recession (G1)
Presiding: Wilfred Dolfsma (University of Groningen)
The United States Treasury's Rhetoric of the AIG Bailout: A Misguided Justification
Rojhat Avsar (Columbia College Chicago)
[View Abstract]
The "Paradigm Blindness" of Economics: Ethical Challenges to Economic Thought from the Financial Crisis
Robert McMaster (University of Glasgow)
Denis Fischbacher-Smith (University of Glasgow)
[View Abstract]
Are Near-Retirees Getting Hit from All Sides? Understanding the Link between Job Insecurity and Older Households' Wealth Risk Exposure
Sara Bernardo (University of Massachusetts-Boston)
Christian E. Weller (University of Massachusetts-Boston)
[View Abstract]
The Perpetuation of Class Divides from the Bottom Up: Trust, Groupthink and the Emerging Evidence from Corporate Boards
René Reich-Graefe (Western New England University)
[View Abstract]

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, Anthony
Association for the Study of Cuban Economy
The Cuban Economy: Should the United States Lift the Embargo? (P2)
Presiding: Luis Locay (University of Miami)
Should the United States Lift the Embargo?
Roger Betancourt (University of Maryland)
[View Abstract] [Download Preview]
Discussants:
Bryan Roberts (Nathan Associates)
Carlos Seiglie (Rutgers University)
Luis Locay (University of Miami)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Meeting Room 310
Association for the Study of Generosity in Economics/International Association for Feminist Economics
Inside the Black Box: Household Dynamics (J1)
Presiding: Yana Rodgers (Rutgers University)
Gender Differences in Time and Resource Allocation in Rural Households in Ethiopia
Diksha Arora (University of Utah)
Codrina Rada (University of Utah)
[View Abstract] [Download Preview]
Economic Opportunities and Gender Differences in Human Capital: Experimental Evidence from India
Krishna Kant Jha (L.N.Mithila University)
[View Abstract] [Download Preview]
Market Wages, The Price of Childcare and Mothers' Time Allocation in China
Jing Liu (Central University of Finance and Economics-Beijing)
[View Abstract] [Download Preview]
Gender Perspectives of Time Allocation in China
Anne de Bruin (Massey University)
Na Liu (Xiangtan University)
[View Abstract] [Download Preview]
Risk Factors for Domestic Violence: An Empirical Analysis for Indian States
Nabamita Dutta (University of Wisconsin-La Crosse)
Meenakshi Rishi (Seattle University)
Sanjukta Roy (World Bank)
U. Vinodhini (M.S. Swaminathan Research Foundation)
[View Abstract]
Discussants:
Yana Rodgers (Rutgers University)
Cecilia Conrad (MacArthur Foundation)
Chris Slootmaker (Colorado State University)
John R Moreau (University of Missouri-Kansas City)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Meeting Room 307
Association of Christian Economists
The Great Recession and Beyond: Lessons Learned (E6) (Panel Discussion)
Panel Moderator: John Lunn (Hope College)
Karen Campbell (University of Pennsylvania)
Victor Claar (Henderson State University)
Martha LaBarge (Hope College)
John Lunn (Hope College)
Nathanael Peach (George Fox University)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon K
Association of Environmental & Resource Economists
Advances in Natural Resource Economics (Q2)
Presiding: Benjamin Gilbert (University of Wyoming)
Partial Enclosure of the Commons
Christopher Costello (University of California-Santa Barbara)
Nicolas Querou (CNRS)
Agnes Tomini (UMR)
[View Abstract] [Download Preview]
Poaching and the Protection of an Endangered Species: A Game-Theoretic Approach
Jon M. Conrad (Cornell University)
Adrian Lopes (Cornell University)
[View Abstract] [Download Preview]
Coase It's Fehr: Property Rights and Social Preferences
Andreas Leibbrandt (Monash University)
John Lynham (University of Hawaii)
[View Abstract]
The Costs of Protecting the Wild: Evidence from Natural Resource Auctions
Branko Boskovic (University of Alberta)
Linda Nostbakken (University of Alberta)
[View Abstract]
Discussants:
Junjie Zhang (University of California-San Diego)
Linda Fernandez (Virginia Commonwealth University)
Dean Lueck (University of Arizona)
Ujjayant Chakravorty (Tufts University)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Meeting Room 401
Econometric Society
Barriers to Education in Developing Countries (O1)
Presiding: Seema Jayachandran (Northwestern University)
Drug Battles and School Achievement: Evidence from Rio de Janeiro's Favelas
Joana Monteiro (CID and Harvard University)
Rudi Rocha (Federal University of Rio de Janeiro)
[View Abstract] [Download Preview]
Parents' Perceptions and Children's Education: Experimental Evidence from Malawi
Rebecca Dizon-Ross (Stanford University)
[View Abstract] [Download Preview]
Barriers and Returns to Secondary Schooling in Ghana
Esther Duflo (Massachusetts Institute of Technology)
Pascaline Dupas (Stanford University)
Michael Kremer (Harvard University)
[View Abstract]
Discussants:
Christopher Blattman (Columbia University)
James Berry (Cornell University)
Owen Ozier (World Bank)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Meeting Room 402
Econometric Society
Fiscal Policy, Financial Policy & Default (F3)
Presiding: Guido Lorenzoni (Northwestern University)
Fiscal Rules and the Sovereign Default Premium
Juan Carlos Hatchondo (Indiana University)
Leonardo Martinez (International Monetary Fund)
Francisco Roch (University of Chicago)
[View Abstract]
Debt Dilution and Seniority in a Model of Defaultable Sovereign Debt
Burcu Eyigungor (Federal Reserve Bank of Philadelphia)
Satyajit Chatterjee (Federal Reserve Bank of Philadelphia)
[View Abstract] [Download Preview]
Bailout Guarantees, Banking Crises and Sovereign Debt Crises
Javier Bianchi (University of Wisconsin)
Sandra Valentina Lizarazo (Universidad Carlos III de Madrid)
Horacio Sapriza (Federal Reserve Board)
[View Abstract]
On the Macroeconomic and Distributional Effects of Bailout Guarantees in the Mortgage Market
Dirk Krueger (University of Pennsylvania)
Kurt Mitman (University of Pennsylvania)
[View Abstract]
Discussants:
Satyajit Chatterjee (Federal Reserve Bank of Philadelphia)
Leonardo Martinez (International Monetary Fund)
Emine Boz (International Monetary Fund)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Meeting Room 403
Econometric Society
Innovation and Economic Growth (E5)
Presiding: David Lagakos (Arizona State University)
The Impact of Government Debt and Taxation on Endogenous Growth in the Presence of a Debt Trigger
Gregory Huffman (Vanderbilt University)
[View Abstract] [Download Preview]
Competition as an Engine of Economic Growth with Producer Heterogeneity
Christian Jensen (University of South Carolina)
[View Abstract]
Research Policy and U.S. Economic Growth
Richard M. H. Suen (University of Connecticut)
[View Abstract] [Download Preview]
R&D Investment and Financial Frictions
Oscar Valencia (Toulouse School of Economics)
[View Abstract] [Download Preview]

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 201-A
Econometric Society
Opportunities and Pitfalls of Big Data (C1)
Presiding: Francis Diebold (University of Pennsylvania)
High Frequency in Time and Space
Torben Andersen (Northwestern University)
[View Abstract] [Download Preview]
Boosting Recessions
Serena Ng (Columbia University)
[View Abstract] [Download Preview]
Distilling the Macroeconomic News Flow
Michael Brandt (Duke University)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Meeting Room 404
Econometric Society
Risk and Ambiguity (D8)
Presiding: Lise Vesterlund (University of Pittsburgh)
Consistency of Higher Order Risk Preferences
Cary Deck (University of Arkansas)
Harris Schlesinger (University of Alabama)
[View Abstract] [Download Preview]
Are Individual Risk Preferences Time Inconsistent? Temporal Construal and Time-Dependent Changes in Risk Preferences
Plamen Nikolov (Harvard University)
[View Abstract]
On Measuring Risk and Ambiguity Preferences
James Andreoni (University of California-San Diego)
Charles Sprenger (Stanford University)
[View Abstract]
No Two Experiments are Identical
Larry Epstein (Boston University)
Yoram Halevy (University of British Columbia)
[View Abstract]

Jan 04, 2014 10:15 am, Philadelphia Marriott, Meeting Room 405
Econometric Society
Wage Inequality (E2)
Presiding: Alisdair McKay (Boston University)
Idiosyncratic risk, insurance, and aggregate consumption dynamics: a likelihood perspective
Alisdair McKay (Boston University)
[View Abstract] [Download Preview]
Wage Volatility and the Option Value of Inter-industry Mobility
Seth Neumuller (Wellesley College)
[View Abstract]
Comparative Advantage and Risk Premia in Labor Markets
Pedro Silos (Federal Reserve Bank of Atlanta)
German Cubas (University of Houston)
[View Abstract]
Top Incomes, Rising Inequality, and Welfare
Kevin J. Lansing (Federal Reserve Bank of San Francisco and Norges Bank)
Agnieszka Markiewicz (Erasmus University)
[View Abstract] [Download Preview]

Jan 04, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon B
Economists for Peace & Security
Costs and Consequences of Austerity (E6) (Panel Discussion)
Panel Moderator: Allen Sinai (Decision Economics)
Carmen M. Reinhart (Harvard University)
Robert Pollin (University of Massachusetts-Amherst)
Olivier Blanchard (International Monetary Fund)
Susan M. Collins (University of Michigan)
Robert Zoellick (Peterson Institute for International Economics)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 112-A
Health Economics Research Organization
Implementation of the Affordable Care Act (I1)
Presiding: Michael Chernew (Harvard University)
Transaction Costs, Market Power and the Entry of Accountable Care Organizations in Health Care
H. E. Frech, III (University of California-Santa Barbara)
Benjamin R. Handel (University of California-Berkeley)
Liora Bowers (University of California-Berkeley)
Christopher Whaley (University of California-Berkeley)
Carol J. Simon (United Health Group)
[View Abstract]
Sticker Shock for Individual Insurance From Health Reform
Mark V. Pauly (University of Pennsylvania)
Scott E. Harrington (University of Pennsylvania)
Adam Leive (University of Pennsylvania)
[View Abstract] [Download Preview]
Assessing the Impact of Massachusetts Health Reform on the Utilization, Cost, and Outcomes Fee-for-Service Seniors in Medicare: Positive or Negative Externality?
Stephen T. Parente (University of Minnesota)
Roger Feldman (University of Minnesota)
Joanne Spetz (University of California-San Francisco)
Bryan Dowd (University of Minnesota)
[View Abstract] [Download Preview]
Discussants:
Martin S. Gaynor (Carnegie-Mellon University)
Joseph P. Newhouse (Harvard University)
Cory S. Capps (Bates White-Washington, DC)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Meeting Room 407
History of Economics Society
Financial Crises and Their Resolution in the History of Economic Thought (E5)
Presiding: L. Randall Wray (Levy Financial Institute)
Arresting Financial Crises: The Fed Versus the Classicals
Thomas M. Humphrey (Federal Reserve Bank of Richmond (Ret))
[View Abstract] [Download Preview]
A Minskian Framework for Successful Financial Crisis Resolution
L. Randall Wray (Levy Financial Institute)
[View Abstract]
Financial Crisis Resolution and Federal Reserve Governance: Economic Thought and Political Realities
Bernard Shull (Hunter College)
[View Abstract] [Download Preview]
Resolution of International Financial Crises: How the Treasury and the Federal Reserve used to Handle Them and How They Have Resolved Them over the Last Two Decades
Walker F. Todd (American Institute for Economic Research)
[View Abstract]
Discussants:
James A. Felkerson (University of Missouri-Kansas City)
Eric Tymoigne (Lewis & Clark College)
Yeva Nersisyan (Franklin & Marshall College)
Gretchen Greene Yeo (Federal Reserve Bank of New York (Retired))

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 106-A
Industrial Organization Society
Empirical Studies of Contracts (D8)
Presiding: Bernard Salanie (Columbia University)
Better Safe than Sorry? Ex Ante and Ex Post Moral Hazard in Dynamic Insurance Data
Jaap Abbring (Tilburg University)
Pierre-André Chiappori (Columbia University)
Tibor Zavadil (VU University-Amsterdam)
[View Abstract]
Reel Authority: Relational Renegotiation in the Movie Industry
Daniel Barron (Northwestern University)
Robert S. Gibbons (Massachusetts Institute of Technology)
Ricard Gil (Johns Hopkins University)
Kevin J. Murphy (University of Southern California)
[View Abstract]
Incentives to Invest in Short-Term vs. Long-Term Contracts: Theory and Evidence
Pierre Dubois (Toulouse School of Economics)
Tomislav Vukina (North Carolina State University)
[View Abstract]
Financial Constraints and Moral Hazard: The Case of Franchising
Ying Fan (University of Michigan)
Kai-Uwe Kuhn (University of Michigan)
Francine Lafontaine (University of Michigan)
[View Abstract] [Download Preview]
Discussants:
Pierre Dubois (Toulouse School of Economics)
Julie Mortimer (Boston College)
Steven Tadelis (University of California-Berkeley)
Jaap Abbring (Tilburg University)

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, Congress C
International Banking, Economics & Finance Association
TARP and Crisis Resolution (G2)
Presiding: Kasper Roszbach (Sveriges Riksbank and University of Groningen)
Depressing depositors and cheering up borrowers: The effects of bank bailouts on banking competition and the evolution of zombie banks
Cesar Calderon (World Bank)
Klaus Schaeck (Bangor University)
[View Abstract] [Download Preview]
Crises, Rescues and Policy Transmission through International Banks
Claudia Buch (Halle Institute for Economic Research)
Catherine Tahmee Koch (University of Zurich)
Michael Koetter (Frankfurt School of Finance and Management)
[View Abstract] [Download Preview]
Did TARP Banks Get Competitive Advantages?
Allen N. Berger (University of South Carolina)
Raluca Roman (University of South Carolina)
[View Abstract]
The Federal Reserve's Discount Window and TAF Programs: Pushing on a String?
Allen N. Berger (University of South Carolina)
Lamont K. Black (DePaul University)
Christa H.S. Bouwman (Case Western Reserve University)
Jennifer L. Dlugosz (Washington University-St Louis)
[View Abstract] [Download Preview]
Discussants:
Robert DeYoung (University of Kansas)
Benjamin Tabak (Central Bank of Brazil and Universidade Catolica de Brasilia)
Nick Coleman (Federal Reserve Board)
John Driscoll (Federal Reserve Board)

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, Regency Ballroom C2
International Economic & Finance Society
Exchange Rates and Fundamentals (F4)
Presiding: Karen Lewis (University of Pennsylvania)
Exchange-Rate Dark Matter
Martin Evans (Georgetown University)
[View Abstract]
Commodity Trade and the Carry Trade: A Tale of Two Countries
Robert Ready (University of Rochester)
Nikolai Roussanov (University of Pennsylvania)
Colin Ward (University of Pennsylvania)
[View Abstract] [Download Preview]
Product Introductions, Currency Unions, and the Real Exchange Rate
Alberto Cavallo (Massachusetts Institute of Technology)
Brent Neiman (University of Chicago)
Roberto Rigobon (Massachusetts Institute of Technology)
[View Abstract]
On What States Do Prices Depend? Answers From Ecuador
Craig Benedict (Vanderbilt University)
Mario Crucini (Vanderbilt University)
Anthony Landry (University of Pennsylvania)
[View Abstract]
Discussants:
Adrien Verdelhan (Massachusetts Institute of Technology)
Riccardo Colacito (University of North Carolina)
Chris Telmer (Carnegie Mellon University)
Lucasz Drozd (University of Pennsylvania)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Meeting Rooms 408 & 409
Korea-America Economic Association
Measurement Issues in Dynamic Macro Models (E2)
Presiding: Yongsung Chang (University of Rochester and Yonsei University)
Assessing DSGE Model Nonlinearities
Frank Schorfheide (University of Pennsylvania)
S. Boragan Aruoba (University of Maryland)
Luigi Bocola (University of Pennsylvania)
[View Abstract] [Download Preview]
Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences
Eric Swanson (Federal Reserve Bank at San Francisco)
[View Abstract] [Download Preview]
Market Structure and Cost Pass-Through in Retail
Gee Hee Hong (Bank of Canada)
Nicholas Li (University of Toronto)
[View Abstract] [Download Preview]
Testing an Alternative Price-Setting Behavior in New Keynesian Phillips Curve: Extrapolative Price-Setting Mechanism
Sunghyun Henry Kim (Sungkyunkwan University and Suffolk University)
Yoonseok Choi (Suffolk University)
[View Abstract] [Download Preview]
Discussants:
Karel Mertens (Cornell University)
Jesus Fernandez-Villaverde (University of Pennsylvania)
Rebecca Hellerstein (Federal Reserve Bank of New York)
Thomas Lubik (Federal Reserve Bank of Richmond)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 104-A
Labor & Employment Relations Association
Business Cycle Effects: Hours and Gender Gap (J5)
Presiding: Peter Berg (Michigan State University)
Mastering the Great Recession in Germany - Determinants of Working Time Accounts Use to Safeguard Employment
Alexander Herzog-Stein (Macroeconomic Policy Institute)
Ines Zapf (Institute for Employment Research)
[View Abstract]
Determinants of Working Overtime in Germany
Ines Zapf (Institute for Employment Research)
[View Abstract]
Gender Gaps and Recessions: Comparing the Great Recession to Previous Recessions
Joseph Marchand (University of Alberta)
[View Abstract] [Download Preview]
Discussants:
Lonnie Golden (Pennsylvania State University-Abington)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 102-A
Labor & Employment Relations Association
Fixing Jobs, Activities and Value: Policy Challenges in a More Open World (J5)
Presiding: Teresa Ghilarducci (New School)
Industrial Policy in the Era of Vertically Specialized Industrialisation
William Milberg (New School)
[View Abstract]
Offshorability of Service Jobs and Reverse Trends: The Case of France
El Mouhoub Mouhoud (University of Paris-Dauphine)
[View Abstract]
The Legacy of the Great American Laissez-Faire Experiment: Growth, Inequality and Good Jobs in the US and France
David Howell (New School)
[View Abstract]
Global Power Shifts and Welfare in Advanced Economies: Lessons from the AUGUR "Europe in the World 2030" Project
Pascal Petit (University of Paris-Nord)
[View Abstract]
Discussants:
Heather Boushey (Center for American Progress)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 104-B
Labor & Employment Relations Association/International Association for Feminist Economics
International Perspectives on Gender in the Workplace, Session II (J5)
Presiding: Adrienne Eaton (Rutgers University)
CHANGES IN WOMEN'S EMPOWERMENT IN TURKEY, 1993-2003
Tunay Oguz (University of New Mexico)
[View Abstract]
Child Labour and Labour Market Outcomes in Tanzania: A Gender Perspective
Sara Burrone (University of Turin)
[View Abstract] [Download Preview]
The Occupational Segregation of Black Women: A Look at its Evolution from 1940 to 2010
Olga Alonso-Villar (Universidade de Vigo)
Coral del Rio Otero (Universidade de Vigo)
[View Abstract] [Download Preview]
The French Policy of Development of Personal and Household Services: Is It a Success for Job Creation and Work-Life Balance?
François-Xavier Devetter (CLERSE Université de Lille 1, Telecom Lille)
[View Abstract]
Discussants:
Kate Bahn (Schwartz Center for Economic Policy Analysis)
Adrienne Eaton (Rutgers University)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 105-A
Middle East Economic Association
Financial Markets, Institutions and Regulations (G1)
Presiding: Mine Cinar (Loyola University)
The Monetary Impact of Banking Sector Compliance with International Rules on Selected MENA Economies
Wassim Shahin (Lebanese American University)
[View Abstract]
Regional and Global Spillovers and Diversification Opportunities in the GCC-Wide Equity Sectors across Market Regimes
Mehmet Balcilar (Eastern Mediterranean University,)
Riza Demirer (Southern Illinois University-Edwardsville)
Shawkat Hammoudeh (Drexel University)
[View Abstract] [Download Preview]
Consumer Confidence in a DSGE Model for Turkey
Pinar Deniz (Marmara University)
Erhan Aslanoglu (Marmara University)
[View Abstract] [Download Preview]
Are Switching Costs Deterrent to Competition in the Credit Card Markets?
G. Gulsun Akin (Bogazici University)
Alper Alkan (Is Investment)
Ahmet Faruk Aysan (Central Bank of the Republic of Turkey)
Levent Yildiran (Bogazici University)
[View Abstract]
Foreign Currency Lending and Banking System Stability - New Evidence from Turkey
Emre Ozsoz (State University of New York-FIT)
Ali M. Kutan (Southern Illinois University-Edwardsville)
Erick W. Rengifo (Fordham University)
[View Abstract]
Discussants:
Gulcay Tuna (Eastern Mediterranean University)
Alpay Filiztekin (Sabanci University)
Mahmoud Haddad (University of Tennessee-Martin)
Moataz El Said (International Monetary Fund)
Erhan Aslanoglu (Marmara University)

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, Congress B
National Association of Forensic Economics
Topics in Forensic Economics III - Legal Session (K1)
Presiding: Lane Hudgins (Lane Hudgins Analysis)
Potential Effects of the Patient Protection and Affordable Care Act on the Award of Life Care Expenses
Victor Matheson (College of Holy Cross)
[View Abstract] [Download Preview]
Determining Economic Damages: State of Maryland
Rick Gaskins (Gaskins Associates, PC)
Joseph I. Rosenberg (CFA, LLC)
[View Abstract]
The Loss of Chance Rule in the Various States
David Schap (College of Holy Cross)
Lauren Guest (College of Holy Cross)
[View Abstract] [Download Preview]
Discussants:
Constantine M. Boukidis (Vavoulis, Weiner & McNulty)
Hans R. Duff (Stat Analytics, Inc.)
Jonathan S. Shefftz (JShefftz Consulting)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Meeting Room 306
National Economic Association
Bridging the Academy and Public Policy: A Session in Honor of Marcus Alexis (J1)
Presiding: Margaret Simms (Urban Institute)
Black-White Differences in Consumption: An Update and Some Policy Implications
Charles Betsey (Howard University)
[View Abstract]
Disparities in Wealth Accumulation and Loss from the Great Recession and Beyond
Caroline Ratcliffe (Urban Institute)
Signe-Mary McKernan (Urban Institute)
C. Eugene Steuerle (Urban Institute)
Sisi Zhang (Fannie Mae)
[View Abstract]
Marcus Alexis and Regulatory Reform in the Transportation Industry
James Peoples (University of Wisconsin-Milwaukee)
[View Abstract] [Download Preview]
Immigration and African American Joblessness: Critically Appraising the Empirical Evidence
Patrick Mason (Florida State University)
[View Abstract] [Download Preview]
Discussants:
William A. Darity, Jr. (Duke University)
Kaye Husbands Fealing (National Academies)
Gary A. Hoover (University of Alabama)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Meeting Room 410
Society for Computational Economics
Policy Design with Computational Heterogeneous Agents Models (E6)
Presiding: Herbert Dawid (Bielefeld University)
Interest Rate Rules and Macroeconomic Stability under Heterogeneous Expectations
Mikhail Anufriev (University of Technology, Sydney)
Tiziana Assenza (Universita Cattolica, Milano)
Cars Hommes (University of Amsterdam)
Domenico Massaro (University of Amsterdam)
[View Abstract] [Download Preview]
Evolution of Beliefs, Policy Implications in Agent-Based and Experimental Economies:Learning the Ramsey outcome in a Kydland & Prescott Economy
Jasmina Arifovic (Simon Fraser University)
Murat Yildizoğlu (Bordeaux University)
[View Abstract] [Download Preview]
Fiscal and Monetary Policies in Complex Evolving Economies
Giovanni Dosi (Sant'Anna School of Advanced Studies, Italy)
Giorgio Fagiolo (Sant'Anna School of Advanced Studies, Italy)
Mauro Napoletano (OFCE and SKEMA Business School, France)
Andrea Roventini (University of Verona, Italy)
Tania Treibich (OFCE and GREDEG, France)
[View Abstract] [Download Preview]
Cohesion Policy and Inequality Dynamics: Insights from a Heterogeneous Agents Macroeconomic Model
Herbert Dawid (Bielefeld University)
Philipp Harting (Bielefeld University)
Michael Neugart (Technical University of Darmstadt)
[View Abstract] [Download Preview]
Discussants:
Shu-Heng Chen (National Chengchi University)
Blake LeBaron (Brandeis University)
Michael Neugart (Technical University of Darmstadt)
Ekaterina Sinitskaya (Iowa State University)

Jan 04, 2014 10:15 am, Pennsylvania Convention Center, 106-B
Society of Government Economists
Latest Research on Poverty Measurement for the United States (I3)
Presiding: Angus Deaton (Princeton University)
A Comparison of Geographic Adjustments for Poverty Thresholds: Regional Price Parities vs. Median Rents from the American Community Survey
Trudi Jane Renwick (US Census Bureau)
Bettina Aten (US Bureau of Economic Analysis)
Troy Martin (US Bureau of Economic Analysis)
[View Abstract] [Download Preview]
Taking Account of Work-Related Expenses in a Poverty Measure
Brian McKenzie (US Census Bureau)
Ashley Edwards (US Census Bureau)
Kathleen Short (US Census Bureau)
[View Abstract] [Download Preview]
Poverty Estimates for the Aged: How and Why the SPM and Official Estimates Differ
Benjamin Bridges (Social Security Administration)
Robert Gesumaria (Social Security Administration)
[View Abstract] [Download Preview]
The Supplemental Poverty Measure under Alternate Treatments of Medical Out-of-Pocket Expenditures
Thesia Garner (US Bureau of Labor Statistics)
Kathleen Short (US Census Bureau)
[View Abstract] [Download Preview]
Discussants:
James P. Ziliak (University of Kentucky)
Jessica Banthin (Congressional Budget Office)

Jan 04, 2014 10:15 am, Philadelphia Marriott, Meeting Room 406
Transportation & Public Utilities Group/American Economic Association
Antitrust Enforcement in Innovating Industries: ICT and Telecommunications (L9)
Presiding: Howard Shelanski (Georgetown University)
Incentive Scoring Methodology for Merger Analysis
Steven Salop (Georgetown University)
Serge Moresi (Charles River Associates)
[View Abstract] [Download Preview]
Antitrust and the Regulation of Standard Setting Organization Contracting
Joshua Wright (Federal Trade Commission)
Joanna Tsai (Federal Trade Commission)
[View Abstract]
Efficiencies, Competition, and Innovation: Wireless Merger Enforcement
Greg Rooston (Stanford University)
Patrick Degraba (Federal Trade Commission)
[View Abstract]
Effects of Mergers on Incentives for New Technology Adoption
Mark Jamison (University of Florida)
[View Abstract] [Download Preview]
Discussants:
Michael Katz (University of California-Berkeley)
Eric Ralph (Federal Communications Commission)
Howard Shelanski (Georgetown University)

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, Washington A
Union for Radical Political Economists/American Economic Association
Debating the Marginal Productivity Theory of Distribution (D3)
Presiding: Michele Naples (College of New Jersey)
Cambridge-Style Criticism of the Marginal Productivity Theory of Distribution
Geoff Harcourt (University of Cambridge and University of New South Wales)
[View Abstract] [Download Preview]
Is the Marginal Productivity Theory of Distribution Empirically Testable?
Jesus Felipe (Asian Development Bank)
John McCombie (University of Cambridge)
[View Abstract]
The Marginal Productivity Theory of Distribution in the Textbooks
Fred Moseley (Mount Holyoke College)
[View Abstract] [Download Preview]
Discussants:
Michael Mandler (University of London)
Eric Miller (Summit Consulting)
Robert Frank (Cornell University)

Jan 04, 2014 10:15 am, Loews Philadelphia Hotel, Tubman
Union for Radical Political Economists/International Association for Feminist Economics
Gendered Effects and Policy Implications (B5)
Presiding: Nancy Folbre (University of Massachusetts-Amherst)
Gender in Environmental Context: An Effect of Property Rights, Fines, and Empathy Nudging
Natalia V. Czap (University of Michigan-Dearborn)
Hans J. Czap (University of Michigan-Dearborn)
Gary D. Lynne (University of Nebraska-Lincoln)
Mark E. Burbach (University of Nebraska-Lincoln)
[View Abstract] [Download Preview]
Gendered Employment and Public Spending in China
Tabitha Knight (Colorado State University)
[View Abstract] [Download Preview]
Practical Implications of Standpoint Theory for Institutional Change
Marianne T. Hill (Mississippi Center for Policy Research and Planning)
[View Abstract]
Social Reproduction in the Time of Neoliberalization: The Role of the Employment Guarantee in India
Sirisha C. Naidu (Wright State University)
[View Abstract] [Download Preview]
Discussants:
Nancy Folbre (University of Massachusetts-Amherst)
Barbara Hopkins (Wright University)

Jan 04, 2014 12:30 pm, Philadelphia Marriott, Grand Ballroom - Salon K
American Economic Association
European Economic Association Lecture
Presiding: Dirk Bergemann (Yale University)
How Can Government Borrow So Much? A Public Choice Theory of Sovereign Debt
Jean-Charles Rochet (University of Zurich)

Jan 04, 2014 12:30 pm, Philadelphia Marriott, Grand Ballroom - Salons G & H
American Economic Association
Nobel Laureate Luncheon
Presiding: William Nordhaus (Yale University)
Paul Milgrom (Stanford University)
Roger Myerson (University of Chicago)

Jan 04, 2014 12:30 pm, Loews Philadelphia Hotel, Regency Ballroom B
American Real Estate & Urban Economic Association
Presidential Luncheon – Fee Event
Presiding: Yongheng Deng (National University of Singapore )
Gary D. Painter (University of Southern California) Reconsidering the Measurement of Housing Demand

Jan 04, 2014 12:30 pm, Loews Philadelphia Hotel, Regency Ballroom C1
Association for Evolutionary Economics
Enabling Myths as Social Control (B5)
Presiding: Valerie Kepner (King's College)
Mythology of Debt and Deficits
William Waller (Hobart and William Smith Colleges)
[View Abstract]
Enabling Myths and Persistent Income Inequality in the Americas
Kellin Stanfield (DePauw University)
[View Abstract]
The 'Asking for it' Myth: Negotiating Sexism
Paula Cole (University of Denver)
[View Abstract]
Neoliberal Europe: Enabling Ethno-Cultural Neutrality or Fueling Neonationalist Sentiment
Quentin Duroy (Denison University)
[View Abstract]
Unveiling and Deconstructing the Enabling Myths of Neoliberalism through Immanent Critique
Mary Wrenn (University of Cambridge)
[View Abstract]
Discussants:
Valerie Kepner (King's College)

Jan 04, 2014 12:30 pm, Philadelphia Marriott, Meeting Room 310
Association for the Study of Generosity in Economics
Charitable Giving and Tax Policy (H2)
Presiding: C. Steuerle (Urban Institute)
Is Charitable Giving by the Rich Responsive to Taxes?
David Joulfaian (US Department of the Treasury)
[View Abstract]
The Price Elasticity of Charitable Giving: Does the Form of Tax Relief Matter?
Kimberley Scharf (University of Warwick)
Sarah Smith (University of Bristol)
[View Abstract] [Download Preview]
Tax Effects on Charitable Giving Estimated with the PSID
Daniel Hungerman (University of Notre Dame and National Bureau of Economic Research)
Mark Ottoni-Wilhelm (Indiana University-Purdue University-Indianapolis)
[View Abstract]
Patterns and Persistence of Cash and Non-Cash Giving
Gerald Auten (US Department of the Treasury)
Adam Cole (US Department of the Treasury)
Gregory Leiserson (US Department of Treasury)
[View Abstract]
Discussants:
Bariş Yörük (State University of New York-Albany)
C. Eugene Steuerle (Urban Institute)
Jon Bakija (Williams College)
Joseph Rosenberg (Urban Institute)

Jan 04, 2014 12:30 pm, Philadelphia Marriott, Meeting Room 307
Economic History Association
Poverty from a Historical Viewpoint (N3)
Presiding: Robert Margo (Boston University)
Up from Poverty? The 1832 Cherokee Land Lottery and the Long-Run Distribution of Wealth
Joseph Ferrie (Northwestern University)
Hoyt Bleakley (University of Chicago)
[View Abstract] [Download Preview]
The Long Run Impact of Welfare
Shari Eli (University of Toronto)
Anna Aizer (Brown University)
Adriana Lleras-Muney (University of California-Los Angeles)
Joseph Ferrie (Northwestern University)
[View Abstract] [Download Preview]
Interactions between Social Insurance Programs: The Impact of Medicare on the Characteristics of Petitioners for Bankruptcy
Megan Lynn Fasules (American University)
Mary Eschelbach Hansen (American University)
[View Abstract]
Poverty and Progress among Canadian Immigrants, 1911-1931
Chris Minns (London School of Economics)
Kris Inwood (University of Guelph)
Fraser Summerfield (University of Guelph)
[View Abstract] [Download Preview]
Discussants:
Tom S. Vogl (Princeton University)
Robert A. Margo (Boston University)
Hoyt Bleakley (University of Chicago)
Rob Gillezeau (New Democratic Party)

Jan 04, 2014 12:30 pm, Pennsylvania Convention Center, 112-A
Health Economics Research Organization
Hospitals and Health Policy (I1)
Presiding: Jay Bhattacharya (Stanford University)
Teamwork and Moral Hazard Among Emergency Department Physicians
David Chan (Stanford University)
[View Abstract] [Download Preview]
Hospital Input and Output Decisions: Evidence from the Medicare Program
Christine Pal Chee (Palo Alto VA Health Economics Research Center)
[View Abstract]
Regional Growth in Medicare Spending
Jay Bhattacharya (Stanford University)
[View Abstract]
Discussants:
M. Kate Bundorf (Stanford University)
William B. Vogt (University of Georgia)
Thomas DeLeire (University of Wisonsin-Madison)

Jan 04, 2014 12:30 pm, Philadelphia Marriott, Meeting Room 407
History of Economics Society
New Perspectives on Malthus: What Was He Really Saying about Population Growth and Human Societies? (B3)
Presiding: Ross Emmett (Michigan State University)
Thomas and Robert: A Tale of Two Malthuses
Jeffrey T. Young (St. Lawrence University)
[View Abstract] [Download Preview]
Malthus, Utopians, and Economists
J. Daniel Hammond (Wake Forest University)
[View Abstract] [Download Preview]
Malthus with Institutions: A Comparative Analysis of Prudential Restraint
Ross B. Emmett (Michigan State University)
[View Abstract] [Download Preview]
Discussants:
Jerome Lange (Center for Population and Development)
David M. Levy (George Mason University)
Yves Charbit (Paris Descartes University)

Jan 04, 2014 12:30 pm, Pennsylvania Convention Center, 106-A
Industrial Organization Society
Spatial Competition (L1)
Presiding: Stephen Martin (Purdue University)
Price Competition on Graphs
Adriaan Soetevent (University of Groningen)
Pim Heijnen (University of Groningen)
[View Abstract] [Download Preview]
Costly Location in Hotelling Duopoly
Jeroen Hinloopen (University of Amsterdam)
Stephen Martin (Purdue University)
[View Abstract] [Download Preview]
A Hotelling Model with Price-Sensitive Demand and Asymmetric Distance Costs: The Case of Strategic Transport Scheduling
A. H. van der Weijde (Free University of Amsterdam)
E. T. Verhoef (University of Amsterdam)
V.A.C. van den Berg (University of Amsterdam)
[View Abstract] [Download Preview]
Strategic Product Re-Design in Spatially Complex Markets: Evidence from Motion Pictures
Darlene Chisholm (Suffolk University)
Yu-Hsi Liu (Suffolk University)
George Norman (Tufts University)
[View Abstract]
Discussants:
A. H. van der Weijde (Free University of Amsterdam)
Darlene Chisholm (Suffolk University)
Adriaan Soetevent (University of Amsterdam)
Stephen Martin (Purdue University)

Jan 04, 2014 12:30 pm, Philadelphia Marriott, Grand Ballroom - Salon C
International Association for Energy Economics
Advances in Energy Economics Research (Q4)
Presiding: Kevin Forbes (Catholic University of America)
A Computable General Equilibrium Model of Energy Taxation with Endogenous Resource Supply and Flexible Substitution
Andre Barbe (Rice University)
[View Abstract] [Download Preview]
The Effectiveness of Renewable Portfolio Standards in Reducing Carbon Emissions in the United States Electricity Sector
R.J. Briggs (Pennsylvania State University)
Suman Gautam (Pennsylvania State University)
[View Abstract]
The Long-Run Macroeconomic Impacts of Fuel Subsidies
Michael Plante (Federal Reserve Bank of Dallas)
[View Abstract]
The Effects of Oil and Gas Fiscal Regimes on Exploration and Production Decisions
Timothy Fitzgerald (Montana State University)
Andrew Stocking (Congressional Budget Office)
[View Abstract]
Discussants:
Iman Nasseri (University of Hawaii-Manoa)
Carlo Andrea Bollino (Università di Perugia)
Ted Temzelides (Rice University)
Charles Mason (University of Wyoming)

Jan 04, 2014 12:30 pm, Pennsylvania Convention Center, 105-A
International Association for Feminist Economics
Diversity in Business: International Evidence (B5)
Presiding: Maria Floro (American University)
Does Gender Matter for Firm Performance? Recent Evidence from Africa
Mina Baliamoune-Lutz (University of North Florida)
Zuzana Brixiova (African Development Bank)
[View Abstract]
Business and Family Dynamics of Copreneurs in the Czech Republic and United States
Nancy Jurik (Arizona State University)
Alena Krizkova (Academy of Sciences of the Czech Republic Institute of Sociology)
Marie Dlouha (Academy of Sciences of the Czech Republic Institute of Sociology)
[View Abstract]
Changing Trends in Microfinance's Emphasis on Gender Empowerment
Ghazal Zulfiqar (University of Massachusetts Boston)
[View Abstract]
A Consensus Amongst European Economists: Does Gender Matter?
Ann Mari May (University of Nebraska-Lincoln)
Mary G. McGarvey (University of Nebraska-Lincoln)
David Kucera (ILO)
[View Abstract]
Discussants:
Leanne Roncolato (American University)
Maria S. Floro (American University)
Song Yueping (Renmin University)

Jan 04, 2014 12:30 pm, Philadelphia Marriott, Meeting Room 413
International Network for Economic Method
Modern Methodologists of the Austrian School (B2) (Panel Discussion)
Panel Moderator: Peter Boettke (George Mason University)
Virgil Storr (George Mason University) Can We Avoid Culture in Economics?
Erik Angner (George Mason University) "To Navigate Safely in the Vast Sea of Empirical Facts": Behavioral vs Neoclassical Economics
Mario Rizzo (New York University) Rationality in Context
Solomon Stein (George Mason University) Rationality in Economics: Mises, Becker and Behavioral Economics

Jan 04, 2014 12:30 pm, Philadelphia Marriott, Meeting Rooms 408 & 409
Korea-America Economic Association
Market Design: Theory and Empirics (C7)
Presiding: Yeon-Koo Che (Columbia University)
Efficient Matching under Distributional Constraints: Theory and Applications
Yuichiro Kamada (University of California-Berkeley)
Fuhito Kojima (Stanford University)
[View Abstract] [Download Preview]
Efficiency and Stability in Large Matching Markets
Yeon-Koo Che (Columbia University)
Olivier Tercieux (Paris School of Economics)
[View Abstract] [Download Preview]
School Districting and the Origins of Residential Land Price Inequality
Yong Suk Lee (Williams College)
[View Abstract] [Download Preview]
Dynamic Platform Competition in a Two-Sided Market: Evidence from the Online Daily Deals Promotion Industry
Byung-Cheol Kim (Georgia Institute of Technology)
Jeongsik Lee (Georgia Institute of Technology)
Hyunwoo Park (Georgia Institute of Technology)
[View Abstract]
Discussants:
Bumin Yenmez (Carnegie Mellon University)
SangMok Lee (University of Pennsylvania)
Miguel Urquiola (Columbia University)
Minjae Song (University of Rochester)

Jan 04, 2014 12:30 pm, Philadelphia Marriott, Meeting Room 410
National Association of Economic Educators
The Effects of Personal Finance Education Over the Life Cycle (A2)
Presiding: Jeanne Hogarth (Center for Financial Services Innovation)
Educational IDAs and Youth Financial Literacy: Preliminary Findings
Radha Bhattacharya (California State University-Fullerton)
Andrew Gill (California State University-Fullerton)
Denise Stanley (California State University-Fullerton)
[View Abstract]
The Importance of Financial Literacy in Retirement Planning
Ashley Tharayil (University of Nebraska-Lincoln)
[View Abstract]
Financial Literacy and Banking Participation: Findings and Implications for Economic Education
Elizabeth Breitbach (University of South Carolina)
William Walstad (University of Nebraska-Lincoln)
[View Abstract] [Download Preview]
An Empirical Analysis Linking a Person's Financial Risk Tolerance and Financial Literacy to Financial Behaviors
Jamie Wagner (University of Nebraska-Lincoln)
[View Abstract] [Download Preview]
Discussants:
Erin A. Yetter (Federal Reserve Bank of St. Louis, Louisville Branch)
Jane Lopus (California State University-East Bay)
Jeanne Hogarth (Center for Financial Services Innovation)
Paul W. Grimes (Pittsburg State University)

Jan 04, 2014 12:30 pm, Philadelphia Marriott, Meeting Room 306
National Economic Association/American Society of Hispanic Economists
Race, Ethnicity and Economic Policy (J1)
Presiding: Anita Pena (Colorado State University)
Breaking Bad: Are Meth Labs Justified in Dry Counties?
Jose Fernandez (University of Louisville)
Stephan Gohmann (University of Louisville)
Joshua Pinkston (University of Louisville)
[View Abstract] [Download Preview]
Health Outcomes for Older Hispanics with HIV in New York City using the Oaxaca Decomposition Approach
Juan DelaCruz (City University of New York, School of Public Health)
Mark Brennan-Ing (ACRIA and New York University)
Stephen Karpiak (ACRIA and New York University)
Nikolaos Papanikolaou (City University of New York-Lehman College)
[View Abstract]
Is Los Alamos a Natural Experiment in Stratification Economics?
Sue K. Stockly (Eastern New Mexico University)
[View Abstract]
Reframing Academic Engagement: A Case for Status Priming
Salvador Contreras (University of Texas-Pan American)
Charles Danso (University of Texas-Pan American)
Sara Ray (University of Texas-Pan American)
[View Abstract]
Discussants:
David J. Molina (University of North Texas)
Trevon D. Logan (Ohio State University)
Lisa D. Cook (Michigan State University)
Jose N. Martinez (University of North Texas)

Jan 04, 2014 12:30 pm, Philadelphia Marriott, Grand Ballroom - Salon B
Society for Policy Modeling
Forecasting Growth and Development (O4)
Presiding: Fred Campano (Fordham University)
Challenges and Prospects for Developing Countries in the Post-Crisis Period
Andrew Burns (World Bank)
[View Abstract]
The Growth Comeback in Developing Economies: A New Hope or Back to the Future?
Rupa Duttagupta (International Monetary Fund)
[View Abstract] [Download Preview]
A Comparative Study of Forecasts by International Organizations, Plus an Economic Outlook for 2014
Pingfan Hong (United Nations)
[View Abstract] [Download Preview]
Integrating Projections of Quintile Shares of Household Income with Projections of GDP to Estimate Absolute Levels of Poverty in the Poorest Countries
Dominick Salvatore (Fordham University)
Fred Campano (Fordham University)
[View Abstract]
Discussants:
Dominick Salvatore (Fordham University)

Jan 04, 2014 12:30 pm, Philadelphia Marriott, Meeting Room 406
Transportation & Public Utilities Group
Transportation Public-Private Partnerships (L9)
Presiding: Wayne Talley (Old Dominion University)
Is there a PPP Interest Rate Premium?
Eduardo Engel (Universidad de Chile and Yale University)
Ronald Fischer (Universidad de Chile)
Alexander Galetovic (Universidad de los Andes)
[View Abstract]
Public-Private Partnerships and Pricing in Transport
Roger Vickerman (University of Kent)
[View Abstract]
Seaport Competition, Ownership and Strategic Investment in Accessibility
Yulai Wan (Hong Kong Polytechnic University)
Leonardo J. Basso (University of Chile)
Anming Zhang (University of British Columbia)
[View Abstract] [Download Preview]
Pitfalls of Transport Infrastructure PPPs
Thierry Vanelslander (University of Antwerp)
Athena Roumboutsos (University of Antwerp)
Rosario Macario (University of Antwerp)
[View Abstract]
Discussants:
Patrick McCarthy (Georgia Institute of Technology)
Thierry Vanelslander (University of Antwerp)
Roger Vickerman (University of Kent)

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 413
African Finance & Economics Association
Gender and Economic Development in Africa (O1)
Presiding: Mina Baliamoune-Lutz (University of North Florida)
Reducing The Gender Gap in Education: Female Teachers as Role Models
Elizabeth Asiedu (University of Kansas)
Mwanza Nkusu (International Monetary Fund)
[View Abstract]
The Opportunity Cost of Time Spent Fetching Water for Women in Sub-Saharan Africa
Richard U. Agesa (Marshall University)
Jacqueline Agesa (Marshall University)
[View Abstract]
Bride Price and Fertility Decisions: Evidence from Rural Senegal
Linguère Mously Mbaye (IZA)
Natascha Wagner (Erasmus University-Rotterdam)
[View Abstract]
Multidimensional First Order Dominance Analysis: An application to the Democratic Republic of Congo
Malokele Nanivazo (United Nations University)
[View Abstract] [Download Preview]
Private Aid, Development and Gender Equity
Una Okonkwo Osili (Indiana University-Purdue University-Indianapolis)
[View Abstract] [Download Preview]
Gender Gap in the Labor Market in Swaziland
Thierry Kangoye (African Development Bank)
Zuzana Brixiová (African Development Bank)
[View Abstract]
Discussants:
John Karikari (Government Accountability Office)
Lynda Pickbourn (Hampshire College)
Edward Kutsoati (Tufts University)
Abebe Shimeles (African Development Bank)
Kwabena Gyimah-Brempong (University of South Florida)
Albert A. Okunade (University of Memphis)

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 405
American Committee on Asian Economic Studies
Asia and Its External Relations (F1)
Presiding: Mordechai Kreinin (Michigan State University)
The Implications of Region-Wide FTAs for Japan and Emerging Asia
Hiro Lee (Osaka University)
Ken Itakura (Nagoya City University)
[View Abstract] [Download Preview]
ASEAN Centrality and United States Interests
Peter A. Petri (Brandeis University)
Michael G. Plummer (Johns Hopkins University)
[View Abstract] [Download Preview]
Central Asia: Landbridge between East Asia and the EU, or Stuck in the Middle?
Richard Pomfret (University of Adelaide)
[View Abstract] [Download Preview]
Lifting Impediments to South and Southeast Asian Integration: An Eclectic Approach
Masahiro Kawai (ADB Institute)
[View Abstract]
Discussants:
Raed Safadi (OECD)
Manoranjan Dutta (Rutgers University)
Don P. Clark (University of Tennessee)
Mardi Dungey (University of Tasmania)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, Grand Hall
American Economic Association
AEA Committee on Economic Education Poster Session (Poster Session)
Presiding: Steven Cobb (University of North Texas)
Do Monetary Incentives Matter in Classroom Experiments: Effects on Game Performance and Exam Scores
Matthew Rousu (Susquehanna University)
Jay Corrigan (Kenyon College)
Jill Hayter (East Tennessee State University)
Greg Colson (University of Georgia)
David Harris (Benedictine College)
Olugbenga Onafowora (Susquehanna University)
Brand Name Quiz and Incentives of Product Differentiation in Monopolistic Competition
Xin Fang (University of Illinois-Chicago)
Why is it Not Always Easy to Convince the Value of (Neoclassical) Microeconomic Theory to Graduate Students in Healthcare Administration?
Hengameh M. Hosseini (Pennsylvania State University - Harrisburg)
[Download Preview]
Use of Rubrics in Undergraduate Economics Classes
Veronika Dolar (Long Island University)
[Download Preview]
Students' Time-Allocation, Attitudes and Performance on Multiple-Choice Tests
Vladimir Hlasny (Ewha Womans University)
[Download Preview]
Poster Projects in Economics Classroom: Stimulating Active Learning and Creativity
Inessa Love (University of Hawaii-Manoa)
Teaching Replication in Quantitative Empirical Economics
Jan H. Hoffler (University of Gottingen)
Three Effective Strategies in Teaching Undergraduate Econometrics Courses
Leila Farivar (Ohio State University)
Service Learning in a Business Finance Economics Course
Max St. Brown (Washington State University)
The Effectiveness of Participatory Simulation in Resource Economics Education
Yu-li Ko (Rensselaer Polytechnic Institute)
Directed Crib Sheet Development as a Preparation and Review Tool: Identifying Effectiveness of Incentives on Student Learning Outcomes in Principles of Economics
Colin Cannonier (Belmont University)
Kara D. S. Mitchell (Belmont University)
[Download Preview]
Getting Students in Introductory Economics Classes to Understand the Economics of Health Insurance
Ranganath Murthy (Western New England University)
An Experiment Illustrating the Provision of Discrete Public Good under Asymetric Information
Shizuka Nishikawa (St. Mary's College of Maryland)
[Download Preview]
Increase Student Engagement and Foster Critical Thinking Using Data-Driven Exercises
Amy Henderson (St. Mary's College of Maryland)
Use of Student Authors: Study Guide to Teach Applied Econometrics and Introductory Statistics
Rod D. Raehsler (Clarion University)
[Download Preview]
Active Group Design in Trading Simulation to Promote Active Learning
Xiaowen Gao (Coventry University London)
Checker Flag Apps for a Winning Pedagogy
Howard H. Cochran (Belmont University)
Marieta V. Velikova (Belmont University)
Bradley D. Childs (Belmont University)
[Download Preview]
Using CDF to Make Graphics Interactive in Lectures and Online Exercises
Tom Creahan (Morehead State University)
Algebra I Assessment and Student Performance in Principles of Economics
Irene R. Foster (George Washington University)
Melanie Allwine (George Washington University)
[Download Preview]
An Interactive Graphing Activity
William Alpert (University of Connecticut)
Oskar Harmon (University of Connecticut)
Adam Nemeroff (University of Connecticut)
Robert Szarka (University of Connecticut)
Paul Tomolonis (University of Connecticut)
[Download Preview]
The Power of Voice in Online Education: Using VoiceThread to Promote Reflection, Participation and Community
Catherine Lawson (Missouri Western State University)
To Donate or Not to Donate-Classroom Game Illustrating the Characteristics of a Public Good
Ashley Tharayil (University of Nebraska-Lincoln)
First Impressions and Lasting Impressions: Making Economics Memorable
Charity-Joy Acchiardo (Transylvania University)
G. Dirk Mateer (University of Kentucky)
Introduction to the Three-Range Aggregate Supply Curve: A Cooperative Learning Activity
Laura Whitaker (University of Delaware)
Revise and Resubmit: Using Exams as Teaching Tools
Kathryn Birkeland (University of South Dakota)
A Competitive Market Demonstration for Principles of Microeconomics Courses
Lucas M. Engelhardt (Kent State University)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 203-B
American Economic Association
Cognitive, Non-Cognitive Skills, and Contracts on Marital Outcomes (J1)
Presiding: Aloysius Siow (University of Toronto)
Relationship Skills in the Labor and Marriage Markets
Laura Turner (University of Toronto)
Gueourgui Kambourov (University of Toronto)
Aloysius Siow (University of Toronto)
[View Abstract] [Download Preview]
Prenuptial Agreements and Household Wellbeing: Theory and Evidence from Italy
Alessandra Voena (University of Chicago)
Denrick Bayot (University of Chicago)
[View Abstract] [Download Preview]
Divorce: What Does Learning Have to Do with It?
Ioana Marinescu (University of Chicago)
[View Abstract] [Download Preview]
Skills, Preferences, and Family Outcomes
Shelly Lundberg (University of California-Santa Barbarra)
[View Abstract] [Download Preview]
Discussants:
Rachel Fernandez (New York University)
Aloysius Siow (University of Toronto)
Gabriella Conti (University of Chicago)
Laura Turner (University of Toronto)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 203-A
American Economic Association
Data Revisions and Macroeconomic Analysis (E5)
Presiding: Dean Croushore (University of Richmond)
The Meta Taylor Rule
Kevin Lee (University of Nottingham)
James Morley (University of New South Wales)
Kalvinder Shields (University of Melbourne)
[View Abstract] [Download Preview]
Nowcasting the Business Cycle in an Uncertain Enviroment
Knut Are Aastveit (Norges Bank)
Francesco Ravazzolo (Norges Bank)
Herman van Dijk (Tinbergen Institute and Erasmus University)
[View Abstract] [Download Preview]
Characteristics and Implications of Chinese Macroeconomic Data Revisions
Tara Sinclair (George Washington University)
[View Abstract] [Download Preview]
United States Fiscal Policy: Ex Ante and Ex Post
Dean Croushore (University of Richmond)
Simon van Norden (HEC Montreal)
[View Abstract] [Download Preview]
Discussants:
Todd Clark (Federal Reserve Bank of Cleveland)
Jonathan Wright (Johns Hopkins University)
Nelson Mark (University of Notre Dame)
Valerie Ramey (University of California-San Diego)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 201-B
American Economic Association
Developing Country Lessons for Advanced Economy Growth (F4)
Presiding: Michael Spence (New York University)
Economic Performance in Developing and Advanced Nations: Then vs. Now
Anusha Chari (University of North Carolina-Chapel Hill)
Peter Blair Henry (New York University)
[View Abstract]
Forty Years of Leverage: What Have We Learned About Sovereign Debt?
Peter Boone (London School of Economics)
Simon Johnson (Massachusetts Institute of Technology)
[View Abstract]
Demand & Defective Growth Patterns: The Role of the Tradable and Nontradable Sectors in an Open Economy
Sandile Hlatshwayo (University of California-Berkeley)
Michael Spence (New York University)
[View Abstract] [Download Preview]
Discussants:
Chang-Tai Hsieh (University of Chicago)
René M. Stulz (Ohio State University)
Laurence M. Ball (Johns Hopkins University)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 103-A
American Economic Association
Firm Behavior, Standards, and the Provision of Energy Efficiency (Q4)
Presiding: Robert Stavins (Harvard University)
Imperfect Information, Nudges, and Inventory Decisions: Evidence from a Field Experiment on the Adoption of Energy Efficient Durables
Hunt Allcott (New York University)
Richard Sweeney (Harvard University)
[View Abstract]
The Perverse Consequence of Energy Efficiency Standards
Koichiro Ito (Stanford University)
James Sallee (University of Chicago)
[View Abstract]
Do Fuel Economy Standards Reduce Automobile Safety? Examining Automaker Choices in the Distribution of Vehicle Attributes
Antonio M. Bento (Cornell University)
Kenneth Gillingham (Yale University)
Kevin Roth (Cornell University)
[View Abstract]
Bunching With the Stars: How Firms Respond to Product Certification
Sebastien Houde (University of Maryland)
[View Abstract] [Download Preview]
Discussants:
Carolyn Fischer (Resources for the Future)
Ashley Langer (University of Michigan)
Mar Reguant (Stanford University)
Erich Muehlegger (Harvard University)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 201-C
American Economic Association
Firms, Finance and Global Recessions (F4)
Presiding: Sebnem Kalemli-Ozcan (University of Maryland)
Financial Shocks and Global Production Chains
Sebnem Kalemli-Ozcan (University of Maryland)
See-Jik Kim (Seoul National University)
Hyun S. Shin (Princeton University)
Bent Sorensen (University of Houston)
Sevcan Yesiltas (Johns Hopkins University)
[View Abstract]
Reallocation in the Great Recession: Cleansing or Not?
Lucia Foster (US Census Bureau)
Cherly Grim (US Census Bureau)
John Haltiwanger (University of Maryland)
[View Abstract] [Download Preview]
Misallocation of Capital in Europe
Gita Gopinath (Harvard University)
Sebnem Kalemli-Ozcan (University of Maryland)
Loukas Karabarbounis (University of Chicago)
Carolina Villegas-Sanchez (ESADE)
[View Abstract]
Discussants:
Saki Bigio (Columbia University)
Nicholas Bloom (Stanford University)
Ricardo Reis (Columbia University)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 108-B
American Economic Association
Global Risks and Currencies: Theory and Evidence (F3)
Presiding: Lars Hansen (University of Chicago)
Crash Risk in Currency Returns
Mikhail Chernov (University of California-Los Angeles and CEPR)
Jeremy Graveline (University of Minnesota)
Irina Zviadadze (Stockholm School of Economics)
[View Abstract] [Download Preview]
Growth-Rate and Uncertainty Shocks in Consumption: Cross-Country Evidence
Emi Nakamura (Columbia University)
Dmitriy Sergeyev (Columbia University)
Jón Steinsson (Columbia University)
[View Abstract]
Crash Risk in Currency Markets
Emmanuel Farhi (Harvard University)
Samuel Paul Fraiberger (New York University)
Xavier Gabaix (New York University)
Romain Ranciere (International Monetary Fund)
Adrien Verdelhan (Massachusetts Institute of Technology)
[View Abstract]
Robust Exchange Rates with Rare Events
Riccardo Colacito (University of North Carolina-Chapel Hill)
Max Croce (University of North Carolina-Chapel Hill)
[View Abstract]
Discussants:
Viktor Todorov (Northwestern University)
Jose Ursua (Goldman Sachs)
Jessica Wachter (University of Pennsylvania)
Lars Hansen (University of Chicago)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 105-B
American Economic Association
Identification and Specification Issues in Econometrics (C1)
Presiding: Serena Ng (Columbia University)
Weak Identification in Maximum Likelihood: A Question of Information
Anna Mikusheva (Massachusetts Institute of Technology)
Isaiah Andrews (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Select the Valid and Relevant Moments: An Information Based LASSO for GMM with Many Moments
Xu Cheng (University of Pennsylvania)
Zhipeng Liao (University of California-Los Angeles)
[View Abstract] [Download Preview]
Model Selection for Conditional Moment Inequality Models
Xiaoxia Shi (University of Wisconsin-Madison)
Yu-Chin Hsu (Academia Sinica)
[View Abstract] [Download Preview]
A Discontinuity Test for Identification in Nonlinear Models with Endogeneity
Carolina Caetano (University of Rochester)
Christoph Rothe (Columbia University)
Nesse Yildiz (University of Rochester)
[View Abstract] [Download Preview]

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 103-B
American Economic Association
Inequality in the Future (J3)
Presiding: Joseph Altonji (Yale University)
The Declining Fortunes of the Young Since 2000
Paul Beaudry (University of British Columbia)
David A. Green (University of British Columbia)
Benjamin M. Sand (York University)
[View Abstract]
Trends in Earnings Differentials Across College Majors and the Changing Task Composition of Jobs
Joseph G. Altonji (Yale University)
Lisa B. Kahn (Yale University)
Jamin D. Speer (Yale University)
[View Abstract]
The Return of the Solow Paradox? IT, Productivity and Employment in U.S. Manufacturing
Daron Acemoglu (Massachusetts Institute of Technology)
David H. Autor (Massachusetts Institute of Technology)
David Dorn (CEMFI)
Gordon Hanson (University of California-San Diego)
Brendan Price (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Discussants:
Joseph G. Altonji (Yale University)
David Dorn (CEMFI)
Stephen Machin (University College London)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 204-A
American Economic Association
Investigating the Determinants of Infant Mortality (I1)
Presiding: Emily Oster (University of Chicago)
Smoking Bans, Maternal Smoking and Birth Outcomes
Prashant Bharadwaj (University of California-San Diego)
Julian Johnsen (University of Bergen)
Katrine Loken (University of Bergen)
[View Abstract]
Why is Infant Mortality Higher in the United States Than in Europe?
Alice Chen (University of Chicago)
Emily Oster (University of Chicago)
Heidi L. Williams (Massachusetts Institute of Technology)
[View Abstract]
The Impact of the Fracking Boom on Infant Health: Evidence from Detailed Location Data on Wells and Infants
Janet M. Currie (Princeton University)
John Deutch (Massachusetts Institute of Technology)
Michael Greenstone (Massachusetts Institute of Technology)
Katherine H. Meckel (Columbia University)
[View Abstract]
The Great Equalizer: Health Care Access and Infant Mortality in Thailand
Jonathan Gruber (Massachusetts Institute of Technology)
Nathaniel Hendren (Harvard University)
Robert Townsend (Massachusetts Institute of Technology)
[View Abstract]

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Grand Ballroom - Salons I & J
American Economic Association
Issues in Higher Education (I2)
Presiding: Susan Dynarski (University of Michigan)
Merit Aid, College Quality and College Completion: Massachusetts' Adams Scholarship as an In-Kind Subsidy
Sarah Cohodes (Harvard University)
Joshua Goodman (Harvard University)
[View Abstract] [Download Preview]
Merit Aid, Student Mobility and the Role of College Selectivity
Rajashri Chakrabarti (Federal Reserve Bank of New York)
[View Abstract] [Download Preview]
Does Federal Student Aid Raise Tuition? New Evidence on For-Profit Colleges
Stephanie Cellini (George Washington University)
Claudia Goldin (Harvard University)
[View Abstract] [Download Preview]
Smarts versus Skills: The Effect of College Entrance Exams on Labor Market Outcomes and Inequality
Lesley Turner (University of Maryland)
Sergio Urzua (University of Maryland)
Stephanie Rennane (University of Maryland)
Patricia Navarro-Palau (Columbia University)
[View Abstract]
Discussants:
Sarah Turner (University of Virginia)
Michael F. Lovenheim (Cornell University)

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Grand Ballroom - Salon E
American Economic Association
Macroeconomics of Austerity (E6) (Panel Discussion)
Panel Moderator: James Poterba (Massachusetts Institute of Technology and NBER)
Lawrence Summers (Harvard University)
Olivier Blanchard (International Monetary Fund)
Hans-Werner Sinn (Ifo Institute for Economic Research)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 204-B
American Economic Association
New Challenges in Sovereign Debt Restructuring (F4)
Presiding: Patrick Bolton (Columbia University)
A Distant Mirror of Debt, Default, and Relief
Carmen M. Reinhart (Harvard University)
[View Abstract] [Download Preview]
Restructuring the Sovereign Debt Restructuring Mechanism
Rohan Pitchford (Australian National University)
Mark L. J. Wright (University of California-Los Angeles)
[View Abstract]
The Greek Debt Restructuring: An Autopsy
Jeromin Zettelmeyer (EBRD and CEPR)
Christoph Trebesch (University of Munich)
Mitu Gulati (Duke University)
[View Abstract] [Download Preview]
Sovereign Defaults in Court
Julian Schumacher (Free University and Hertie School of Governance)
Christoph Trebesch (University of Munich)
Henrik Enderlein (Hertie School of Governance and Harvard University)
[View Abstract] [Download Preview]
Discussants:
Laura Alfaro (Harvard University)
Fernando Broner (CREI and Universitat Pompeu Fabra)
Anil Kashyap (University of Chicago)
Michael Bordo (Rutgers University)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 109-B
American Economic Association
Political Institutions, Representation and Policy (D7)
Presiding: Benjamin Olken (Massachusetts Institute of Technology)
Democracy, Redistribution, and Political Participation: Evidence from Sweden 1919-1938
Per Pettersson-Lidbom (Stockholm University)
Björn Tyrefors-Hinnerich (Stockholm University)
[View Abstract] [Download Preview]
Policy Choices in Assembly vs. Representative Democracies: Evidence from Swiss Communes
Patricia Funk (Universitat Pompeu Fabra)
Stephan Litschig (Universitat Pompeu Fabra)
[View Abstract]
Do Elected Councils Improve Governance Outcomes? Experimental Evidence on Local Institutions in Afghanistan
Andrew Beath (World Bank)
Fotini Christia (Massachusetts Institute of Technology)
Ruben Enikolopov (Institute for Advanced Study and New Economic School)
[View Abstract] [Download Preview]
Discussants:
Tommaso Nannicini (Bocconi University)
Anh Tran (Indiana University)
Stephan Litschig (Universitat Pompeu Fabra)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 107-B
American Economic Association
Public Policy and the Aggregate Economy (E6)
Presiding: Richard Blundell (University College London)
Aggregate Implications of Innovation Policy
Andrew Atkeson (University of California-Los Angeles)
Ariel Burstein (University of California-Los Angeles)
[View Abstract]
Optimal Capital versus Labor Taxation with Innovation-Led Growth
Philippe Aghion (Harvard University)
Ufuk Akcigit (University of Pennsylvania)
Jesus Fernandez-Villaverde (University of Pennsylvania)
[View Abstract]
A Schumpeterian Model of Top Income Inequality
Charles I Jones (Stanford University)
Jihee Kim (Stanford University)
[View Abstract] [Download Preview]
Firm Size Distortions and the Productivity Distribution: Evidence from France
Luis Garicano (London School of Economics)
John Van Reenen (London School of Economics)
Claire Lelarge (CREST)
[View Abstract] [Download Preview]

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 103-C
American Economic Association
Theory of Persuasion (D8)
Presiding: Matthew Gentzkow (University of Chicago)
Costly Persuasion
Matthew Gentzkow (University of Chicago)
Emir Kamenica (University of Chicago)
[View Abstract] [Download Preview]
How Better Information Can Garble Experts' Advice
Matthew Elliott (California Institute of Technology)
Benjamin Golub (Stanford University)
Andrei Kirilenko (Commodity Futures Trading Commission)
[View Abstract]
Interim Bayesian Persuasion: First Steps
Eduardo Perez-Richet (Ecole Polytechnique)
Delphine Prady (French Treasury)
[View Abstract] [Download Preview]
Discussants:
Paul Milgrom (Stanford Univeristy)
Ilya Segal (Stanford University)
Navin Kartik (Columbia University)

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Grand Ballroom - Salon B
American Economic Association
Toilet Papers: The Economics of Sanitation in Developing Countries (O1)
Presiding: Anne Case (Princeton University)
How Much International Variation in Child Height Can Sanitation Explain?
Dean Spears (Princeton University)
[View Abstract]
The Dirty Business of Reducing Open Defecation: Lessons from a Sanitation Intervention
Shah Manisha (University of California-Los Angeles)
Paul Gertler (University of California-Berkeley)
Lisa Cameron (Monash University)
[View Abstract]
Does Development Aid Undermine Political Accountability? Voter and Politician Responses to a Large-Scale Randomized Intervention
Raymond Guiteras (University of Maryland)
Mushfiq Mobarak (Yale University)
[View Abstract]
Sanitation In Combination: A Pilot Randomized Controlled Trial of Water, Sanitation, and Hygiene Interventions Alone and in Combination in Rural Western Kenya
Garret Christensen (Swarthmore College)
Holly Dentz (Emory University)
Tomoé Bourdier (Innovations for Poverty Action)
Amy Pickering (Stanford University)
Clair Null (Emory University)
[View Abstract]
Discussants:
Seema Jayachandran (Northwestern University)
Pascaline Dupas (Stanford University)
Alix Zwane (Bill and Melinda Gates Foundation)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 202-A
American Economic Association
Trade and the Economic Impacts of Transportation Infrastructure (F1)
Presiding: Stephen Redding (Princeton University)
Can Openness to Trade Reduce Income Volatility? Evidence from Colonial India's Famine Era
Robin Burgess (London School of Economics)
Dave Donaldson (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Roads and Trade: Evidence from the United States
Gilles Duranton (University of Pennsylvania)
Peter Morrow (University of Toronto)
Matthew Turner (University of Toronto)
[View Abstract] [Download Preview]
Trade Integration, Market Size, and Industrialization: Evidence from China's National Trunk Highway System
Ben Faber (London School of Economics and University of California-Berkeley)
[View Abstract]
Trade and the Topography of the Spatial Economy
Treb Allen (Northwestern University)
Costas Arkolakis (Yale University)
[View Abstract] [Download Preview]
Discussants:
Felix Tintlenot (University of Chicago and Pennsylvania State University)
Michal Fabinger (Pennsylvania State University)
David Atkin (Yale University)
Kerem Cosar (University of Chicago)

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Grand Ballroom - Salon F
American Economic Association
What's Happening to Health Care Costs? (I1) (Panel Discussion)
Panel Moderator: Joseph Newhouse (Harvard University)
David M. Cutler (Harvard University)
Martin S. Gaynor (Carnegie Mellon University)
Douglas J. Holtz-Eakin (American Action Forum)
Peter R. Orszag (Citigroup)

Jan 04, 2014 2:30 pm, Loews Philadelphia Hotel, Commonwealth Hall B
American Finance Association
Capital Structure, Production, and Labor (G3)
Presiding: David Matsa (Northwestern University)
Production Characteristics, Financial Flexibility, and Capital Structure Decisions
Sebastian Reinartz (Technische University Munchen)
Thomas Schmid (Technische University Munchen)
[View Abstract] [Download Preview]
Capital Structure and Employment Flexibility
Olga Kuzmina (New Economic School)
[View Abstract] [Download Preview]
The Effect of Firm Finances on Workplace Safety
Jonathan Cohn (University of Texas-Austin)
Malcolm Wardlaw (University of Texas-Dallas)
[View Abstract] [Download Preview]
Human Capital Loss in Corporate Bankruptcy
John Graham (Duke University)
Hyunseob Kim (Cornell University)
Si Li (Wilfrid Laurier University)
Jiaping Qiu (McMaster University)
[View Abstract]
Discussants:
Mitchell Petersen (Northwestern University)
Francisco Perez-Gonzalez (Stanford University)
Nancy Rose (Massachusetts Institute of Technology)
Ashwini Agrawal (New York University)

Jan 04, 2014 2:30 pm, Loews Philadelphia Hotel, Commonwealth Hall C
American Finance Association
Corporate Governance (G3)
Presiding: Bo Becker (Harvard Business School)
Soft Shareholder Activism
Doron Levit (University of Pennsylvania)
[View Abstract] [Download Preview]
Equity Issuance, Distress, and Agency Problems: 20 Percent Rule for Privately Issued Equity
James Park (Korea University)
[View Abstract] [Download Preview]
Capital Gains Lock-In and Governance Choices
Stephen G. Dimmock (Nanyang Technological University)
William Gerken (University of Kentucky)
Zoran Ivkovich (Michigan State University)
Scott Weisbenner (University of Illinois-Urbana Champaign)
[View Abstract] [Download Preview]
Corporate Investment and Stock Market Listing: A Puzzle?
John Asker (New York University)
John Farre-Mensa (Harvard Business School)
Alexander Ljungqvist (New York University)
[View Abstract]
Discussants:
Denis Gromb (INSEAD)
Xavier Giroud (Massachusetts Institute of Technology)
Francisco Perez-Gonzalez (Stanford University)
Gustavo Manso (University of California-Berkely)

Jan 04, 2014 2:30 pm, Loews Philadelphia Hotel, Commonwealth Hall D
American Finance Association
Financial Distress and Corporate Bankruptcy (G3)
Presiding: Vikrant Vig (London Business School)
When the Congress Says “PIP Your KERP”: Performance Incentive Plans, Key Employee Retention Plans and, Chapter 11 Bankruptcy Resolution
Evren Ors (HEC Paris)
Vedran Capkun (HEC Paris)
[View Abstract] [Download Preview]
Creditor Governance with Loan-to-Loan and Loan-to-Own
Kai Li (University of British Columbia)
Wei Wang (Queen's University)
[View Abstract]
Indirect Bankruptcy Costs and Bankruptcy Law
Zacharias Sautner (University of Amsterdam)
Vladimir Vladimirov (University of Amsterdam)
[View Abstract]
How Costly is Corporate Bankruptcy for Top Executives?
B. Espen Eckbo (Dartmouth College)
Karin Thorburn (Norwegian School of Economics)
Wei Wang (Queen's University)
[View Abstract] [Download Preview]
Discussants:
Ben Iverson (Harvard Business School)
Rainer Haselmann (University of Bonn)
Nicolas Serrano-Velarde (University of Oxford)
Jacopo Ponticelli (Universitat Pompeu Fabra)

Jan 04, 2014 2:30 pm, Loews Philadelphia Hotel, Regency Ballroom A
American Finance Association
Household Finance: Retirement-Labor Choices (G1)
Presiding: Adair Morse (University of California-Berkeley)
Health and Mortality Delta: Assessing the Welfare Cost of Household Insurance Choice
Ralph Koijen (University of Chicago)
Stijn Van Nieuwerburgh (New York University)
Motohiro Yogo (Federal Reserve Bank of Minneapolis)
[View Abstract]
Made Poorer by Choice: Worker Outcomes in Social Security v. Private Retirement Accounts
Javed Ahmed (Federal Reserve Board)
Brad Barber (University of California-Davis)
Terrance Odean (University of California-Berkeley)
[View Abstract]
What is the Impact of Financial Advisors on Retirement Portfolio Choices and Outcomes?
John Chalmers (University of Oregon)
Jonathan Reuter (Boston College)
[View Abstract] [Download Preview]
Microfinance, Poverty, and Education
Britta Augsburg (Institute For Fiscal Studies)
Ralph De Haas (EBRD)
Heike Harmgart (EBRD)
Costas Meghir (Yale University)
[View Abstract]
Discussants:
Deborah Lucas (Massachusetts Institute of Technology)
Jonathan A. Parker (Northwestern University)
Olivia S. Mitchell (University of Pennsylvania)
Jonathan Morduch (New York University)

Jan 04, 2014 2:30 pm, Loews Philadelphia Hotel, Commonwealth Hall A
American Finance Association
Networks, International Finance (G1)
Presiding: Tarek Hassan (University of Chicago)
Resident Networks and Firm Trade
Lauren H. Cohen (Harvard Business School)
Umit Gurun (University of Texas-Dallas)
Christopher Malloy (Harvard Business School)
[View Abstract]
Sovereign Debt Crises and Financial Contagion: Estimating Effects in an Endogenous Network
Brent Glover (Carnegie Mellon University)
Seth Richards-Shubik (Carnegie Mellon University)
[View Abstract]
Capital Controls and International Financial Stability
Adrian Buss (INSEAD)
[View Abstract] [Download Preview]
Discussants:
Thomas Chaney (University of Chicago)
Bruce I. Sacerdote (Dartmouth College)
Anna Pavlova (London Business School)

Jan 04, 2014 2:30 pm, Loews Philadelphia Hotel, Millennium Hall
American Finance Association
The Consequences of Imperfect Financial Markets (G1)
Presiding: Zhiguo He (University of Chicago)
House Prices, Collateral and Self-Employment
Manuel Adelino (Duke University)
Antoinette Schoar (Massachusetts Institute of Technology)
Felipe Severino (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion
Nicolae Garleanu (University of California-Berkeley)
Stavros Panageas (University of Chicago)
Jianfeng Yu (University of Minnesota)
[View Abstract]
Intangible Capital and Corporate Cash Holdings
Antonio Falato (Federal Reserve Board)
Dalida Kadyrzhanova (University of Maryland)
Jae W. Sim (Federal Reserve Board)
[View Abstract]
Discussants:
David Sraer (Princeton University)
Arvind Krishnamurthy (Northwestern University)
Neng Wang (Columbia University)

Jan 04, 2014 2:30 pm, Loews Philadelphia Hotel, Washington C
American Real Estate & Urban Economic Association
Agency Problems and Marketing of Real Estate (R2)
Presiding: Crocker Liu (Cornell University)
Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis
Christopher L. Foote (Federal Reserve Bank of Boston)
Kristopher Gerardi (Federal Reserve Bank of Atlanta)
Paul Willen (Federal Reserve Bank of Boston)
[View Abstract]
Housing Markets with Construction, Screening, and Focused Search
Joseph Williams (Professors Capital)
[View Abstract] [Download Preview]
In-House Transactions in the Real Estate Brokerage Market: Matching Outcome or Strategic Promotion?
Lu Han (University of Toronto)
Seung-Hyun Hong (University of Illinois-Urbana Champaign)
[View Abstract]
The Home Selling Problem: Theory and Evidence
Francois Ortalo-Magne (University of Wisconsin)
Antonio Merlo (University of Pennsylvania)
John Rust (Georgetown University)
[View Abstract] [Download Preview]
Discussants:
Robert Van Order (George Washington University)
John Krainer (Federal Reserve Bank of San Francisco)
Paul Carrillo (George Washington University)
Andrew Caplin (New York University)

Jan 04, 2014 2:30 pm, Loews Philadelphia Hotel, Washington B
American Real Estate & Urban Economic Association
Real Estate Values (R3)
Presiding: Anthony Yezer (George Washington University)
Explaining House Price Dynamics: If Not Fundamentals Then What?
Thao Le (National University of Singapore)
David Ling (University of Florida)
Joseph Ooi (National University of Singapore)
[View Abstract] [Download Preview]
The Myth of the Constant-Quality Home: A New, Unbiased House-Price Index
Anna Amirdjanova (University of California-Berkeley)
Richard Stanton (University of California-Berkeley)
Nancy Wallace (University of California-Berkeley)
[View Abstract]
House Price Tiers in Repeat Sales Estimation
Douglas McManus (Freddie Mac)
[View Abstract] [Download Preview]
Local Quantile House Price Indices
Daniel McMillen (University of Illinois, Urbana-Champaign)
[View Abstract] [Download Preview]
Discussants:
William Larson (Bureau of Economic Analysis)
Amanda Ross (West Virginia University)
Brent Smith (Virginia Commonwealth University)
Chao Yue Tian (University of North Carolina)

Jan 04, 2014 2:30 pm, Loews Philadelphia Hotel, Regency Ballroom C2
American Real Estate & Urban Economic Association/American Economic Association
The Role of Regulation in the Housing Market (R3) (Panel Discussion)
Panel Moderator: Sumit Agarwal (National University of Singapore)
John Y. Campbell (Harvard University)
Christopher Mayer (Columbia University)
Atif Mian (Princeton University)
Amit Seru (University of Chicago)

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Grand Ballroom - Salon A
Association for Comparative Economic Studies
Exchange Rate Developments and Labor Markets: What do the Theory and the Data Tell Us? (F4)
Presiding: Jan Svejnar (Columbia University)
Ownership Structure, Real Exchange Rate Movements and Labor Market Adjustment in Chinese Industrial Sectors
Risheng Mao (Chinese Academy of Social Sciences)
John Whalley (University of Western Ontario)
[View Abstract] [Download Preview]
Bilateral Exchange Rates and Jobs
Eddy Bekkers (Johannes Kepler University Linz)
Joseph Francois (Johannes Kepler University Linz)
[View Abstract] [Download Preview]
Rethinking Optimal Exchange Rate Regimes with Frictional Labor Markets
Alessia Campolmi (Central European University)
Ester Faia (Goethe University Frankfurt)
[View Abstract]
'Do Real Exchange Rates Affect Employment? ?A Comparative Perspective on Africa'
Zuzana Brixiova (African Development Bank)
Balasz Egert (OECD)
Jan Svejnar (Columbia University)
[View Abstract] [Download Preview]
Discussants:
Jan Babecky (Czech National Bank)
Davide Furceri (International Monetary Fund)
Wenli Li (Federal Reserve Bank of Philadelphia)
Klara Sabirianova Peter (University of North Carolina-Chapel Hill)

Jan 04, 2014 2:30 pm, Loews Philadelphia Hotel, Regency Ballroom C1
Association for Evolutionary Economics
Social Control in the Modern Economy (B5)
Presiding: Barbara Wiens-Tuers (Pennsylvania State University-Altoona)
Government and Social Control from the Bottom Up: The Economics of Influence
David Colander (Middlebury College)
[View Abstract] [Download Preview]
Collective Action and Economic Justice: A Structural Approach
David Zalewski (Providence College)
[View Abstract] [Download Preview]
Gender Dimension of Household Borrowing
Barbara Hopkins (Wright State University)
Zdravka Todorova (Wright State University)
[View Abstract] [Download Preview]
FCC's Broadband Plan
Robert Loube (Rolka Loube Saltzer Associates)
[View Abstract]
The Financial Crisis and Institutional Change: Lessons from Latin America
Eugenia Correa (National Autonomous University of Mexico)
[View Abstract] [Download Preview]
Discussants:
Barbara Wiens-Tuers (Pennsylvania State University)
Geoffrey Schneider (Bucknell University)

Jan 04, 2014 2:30 pm, Loews Philadelphia Hotel, Congress A
Association for Social Economics
Law and Social Economics: Foundations (K1)
Presiding: Mark D. White (City University New York)
Should Individual Maximizers Seek to Maximize Social Utility as Well?
Claire Finkelstein (University of Pennsylvania)
[View Abstract] [Download Preview]
A Relational View of Law and Economics
Daniel Finn (St John's University)
[View Abstract] [Download Preview]
The Role of Economic Rights and the Law in Social Economics: A Natural Law Perspective
Stefano Solari (Università di Padova)
[View Abstract] [Download Preview]
Bringing Justice under the Law to All Persons in Economics
Kevin McCarron (Bureau of Labor Statistics)
Robert E. Prasch (Middlebury College)
[View Abstract]

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 310
Association for the Study of Generosity in Economics
Charitable Giving: Explaining Contributions (H3)
Presiding: Lise Vesterlund (University of Pittsburgh)
Share Everything and Don't Take Things that Aren't Yours: Moral Cost in Giving Develops Early
John A. List (University of Chicago)
Michael K. Price (Georgia State University)
Anya C. Samak (University of Wisconsin)
[View Abstract]
Diversity and Donations: The Effect of Religious and Ethnic Diversity on Charitable Giving
James Andreoni (University of California-San Diego)
A. Abigail Payne (McMaster University)
Justin Smith (Wilfrid Laurier University)
David Karp (McMaster University)
[View Abstract]
Intuitive Generosity and Error Prone Inference from Decision Time
María P. Recalde (University of Pittsburgh)
Arno Riedl (Maastricht University)
Lise Vesterlund (University of Pittsburgh)
[View Abstract]
Social Recognition in Charitable Giving: In Pursuit of Perfection
Judd Kessler (University of Pennsylvania)
Katherine Milkman (University of Pennsylvania)
C. Yiwei Zhang (University of Pennsylvania)
[View Abstract]
Discussants:
Bill Harbaugh (University of Oregon)
Mark Ottoni-Wilhelm (Indiana University-Purdue University-Indianapolis)
Judd Kessler (University of Pennsylvania)
Lise Vesterlund (University of Pittsburgh)

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 307
Association of Christian Economists
Faith-Based Institutions, Education and Choices (L3)
Presiding: John Lunn (Hope College)
Conceptions of the Human Person in Economic Thinking: From Smith and Marx to Contemporary Theory
Alejandro A. Canadas (Catholic University)
John D. Larrivee (Mount St. Mary's University)
[View Abstract] [Download Preview]
An Evangelical Anomaly: Religious Observance and Intertemporal Choice
Sara Helms (Samford University)
Charles Stokes (Samford University)
Jeremy Thorton (Samford University)
[View Abstract] [Download Preview]
The Protective Response of Faith-Based Institutions.
Kurt J. Keiser (Southwestern College)
[View Abstract] [Download Preview]
Balancing Act in Faith-Based Social Enterprises: An Empirical Study of 'Business as Mission' Practioners
Steve Rundle (Biola University)
Min-Dong Paul Lee (Wheaton College)
[View Abstract]
Discussants:
Sarah Estelle (Hope College)

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Grand Ballroom - Salon K
Association of Environmental & Resource Economists
Agriculture, Land Use and Climate (Q1)
Presiding: Maximilian Auffhammer (University of California-Berkeley)
Do Temperature Thresholds Threaten American Farmland?
Emanuele Massetti (Yale University)
Robert Mendelsohn (Yale University)
[View Abstract] [Download Preview]
Emissions vs. Practice Baselines for Agricultural Greenhouse Gas Offsets
David Smith (University of Minnesota)
John Horowitz (US Department of Agriculture)
[View Abstract]
Energy Load Control, Groundwater Conservation, and Climate Change
Taro Mieno (University of Illinois)
Nicholas Brozovic (University of Illinois)
[View Abstract] [Download Preview]
Environmental Evaluations of Agricultural Multinationals Deforestation Mitigation Efforts in the Amazon
Suhyun Jung (University of Minnesota)
Stephen Polasky (University of Minnesota)
[View Abstract] [Download Preview]
Discussants:
Michael Roberts (University of Hawaii)
Cathy Kling (Iowa State University)
Ram Fishman (George Washington University)
Eduardo A. Souza-Rodrigues (University of Toronto)

Jan 04, 2014 2:30 pm, Loews Philadelphia Hotel, Congress C
Association of Financial Economists
Innovation and Finance (G2)
Presiding: Lemma Senbet (University of Maryland)
Does Banking Competition Affect Innovation?
Jess Cornaggia (Georgetown University)
Yifei Mao (Indiana University)
Xuan Tian (Indiana University)
Brian Wolfe (Indiana University)
[View Abstract] [Download Preview]
Are the Life and Death of an Early Stage Venture Indeed in the Power of the Tongue? Lessons from Online Crowdfunding Pitches
Dan Marom (Hebrew University)
Orly Sade (Hebrew University)
[View Abstract] [Download Preview]
Has Financial Innovation Made the World Riskier? CDS, Regulatory Arbitrage and Systemic Risk
Tanju Yorulmazer (Federal Reserve Bank of New York)
[View Abstract]
Discussants:
Daniel Paravisini (London School of Economics)
Enrichetta Ravina (Columbia University)
Florian Heider (European Central Bank)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 106-A
Chinese Economic Association in North America
Greater China and the World Economy II (F6)
Presiding: Xiaodong Zhu (University of Toronto)
The Great Stagnation of Taiwan
Stacey Chen (Academia Sinica)
[View Abstract] [Download Preview]
A Demographic Theory of Economic Transition
Y. Stephen Chiu (University of Hong Kong)
[View Abstract]
Volatility and Economic Systems: Evidence from China
HughBoqun Wang (Johns Hopkins University)
Dennis Tao Yang (University of Virginia)
[View Abstract]
Accounting for China's Growth
Loren Brandt (University of Toronto)
Xiaodong Zhu (University of Toronto)
[View Abstract]
Discussants:
YinChi Wang (Chinese University of Hong Kong)
Charles Leung (City University of Hong Kong)
TszNga Wong (Bank of Canada)
Zheng Michael Song (University of Chicago)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 202-B
Chinese Economists Society
Labor Market Issues in China: Evidence from the RUMIC Longitudinal Survey (J4)
Presiding: Klaus Zimmermann (Institute for the Study of Labor (IZA))
The RUMiC Longitudinal Survey: Fostering Research on Labor Markets in China
Corrado Giulietti (Institute for the Study of Labor (IZA))
Martin Guzi (Institute for the Study of Labor (IZA))
Klaus F. Zimmermann (Institute for the Study of Labor (IZA))
[View Abstract] [Download Preview]
International Financial Crisis and Wage Inequality in Urban China
Li Shi (Beijing Normal University)
[View Abstract] [Download Preview]
Labor Contract of Chinese Rural to Urban Migrants
Yanjiao Song (Renmin University of China)
Zhong Zhao (Renmin University of China)
[View Abstract]
Sibling Influence on the Human Capital of the Left Behind
Constanza Biavaschi (Institute for the Study of Labor (IZA))
Corrado Giulietti (Institute for the Study of Labor (IZA))
Klaus F. Zimmermann (Institute for the Study of Labor (IZA))
[View Abstract] [Download Preview]
Discussants:
Zhong Zhao (Renmin University of China)
Constanza Biavaschi (Institute for the Study of Labor (IZA))
Corrado Giulietti (Institute for the Study of Labor (IZA))
Li Shi (Beijing Normal University)

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 406
Cliometrics Society
Technology and Property Rights (N7)
Presiding: David Mitch (University of Maryland)
DOES COPYRIGHT LIMIT ACCESS TO CLASSICAL MUSIC? EVIDENCE FROM U.S. ORCHESTRAS, 1842-2012
Petra Moser (Stanford University)
Jerry Lao (Stanford University)
[View Abstract] [Download Preview]
The Great Divergence and the Economics of Printing
Luis Angeles (University of Glasgow)
[View Abstract]
Turning Points in Leadership: Shipping Technology in the Portuguese and Dutch Merchant Empires
Claudia Rei (Vanderbilt University)
[View Abstract] [Download Preview]
A Tale of Two SICs: Industrial Development in Japan and the United States in the Late Nineteenth Century
John Tang (Australia National University)
[View Abstract] [Download Preview]
Discussants:
Lisa D. Cook (Michigan State University)
Carol H. Shiue (University of Colorado)
Ahmed Rahman (US Naval Academy)
Susan Wolcott (Binghamton University)

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 401
Econometric Society
Bounded Rationality and Markets (D4)
Presiding: Bart Lipman (Boston University)
Optimal Screening of Time Inconsistency
Simone Galperti (Northwestern University)
[View Abstract] [Download Preview]
Competition for Consumer Inattention
Geoffroy de Clippel (Brown University)
Kfir Eliaz (Tel Aviv University and University of Michigan)
Kareen Rozen (Yale University)
Foundations for Optimal Inattention
Andrew Ellis (Boston University)
[View Abstract] [Download Preview]
Optimal Savings Contracts and Withdrawal Penalties
Georgy Egorov (Northwestern University)
Attila Ambrus (Duke University)
[View Abstract]

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 402
Econometric Society
Identification and Estimation Nonseparable Models with Endogeneity (C0)
Presiding: Arthur Lewbel (Boston College)
Identification and Estimation of Individual Discrete Choice Models with Market Level Endogeneity
Amit Gandhi (University of Wisconsin-Madison)
[View Abstract]
Counterfactual Worlds: Characterising the Identifying Power of Incomplete Models with Conditional Independence Restrictions
Andrew Chesher (University College London)
Adam Rosen (University College London)
[View Abstract] [Download Preview]
On the Independence Assumption on Nonseparable Models with Simultaneity
Rosa Matzkin (University of California-Los Angeles)
[View Abstract]
A Triangular Treatment Effect Model With Random Coefficients in the Selection Equation
Stefan Hoderlein (Boston College)
Eric Gautier (ENSAE-CREST)
[View Abstract]
Discussants:
Whitney Newey (Massachusetts Insitute of Technology)
Kirill Evdokimov (Princeton University)

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 403
Econometric Society
Macroeconomic Dynamics at the Zero Lower Bound (E6)
Presiding: Giorgio Primiceri (Northwestern University)
The Inflation-Output Tradeoff Revisited
Gauti Eggertsson (Brown University)
[View Abstract]
The Empirical Implications of the Interest-Rate Lower Bound
J. David Lopez-Salido (Federal Reserve Board)
[View Abstract]
Macroeconomic Dynamics Near the ZLB: A Tale of Two Equilibria
S. Boragan Aruoba (University of Maryland)
Frank Schorfheide (University of Pennsylvania)
[View Abstract] [Download Preview]
Do Unemployment Benefits Make Recessions Worse?
Lawrence Christiano (Northwestern University)
[View Abstract]

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 201-A
Econometric Society
Macroeconomics with Debt Markets in Turmoil (E5)
Presiding: Enrique Mendoza (University of Pennsylvania)
Sovereign Default Risk and Banks in a Monetary Union
Harald Uhlig (University of Chicago)
[View Abstract] [Download Preview]
Currency Pegs, Downward Nominal Wage Rigidity, Unemployment, and Macro Prudential Policy
Martin Uribe (Columbia University)
Saving Europe?: The Unpleasant Arithmetic of Fiscal Austerity in Integrated Economies
Enrique G. Mendoza (University of Pennylvania)
Linda Tesar (University of Michigan)
Jing Zhang (Federal Reserve Bank of Chicago)
[View Abstract] [Download Preview]

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 404
Econometric Society
Unemployment Across Regions and Sectors (J3)
Presiding: Marianna Kudlyak (Federal Reserve Bank of Richmond)
Productivity Insurance: The Role of Unemployment Benefits in a Multi-Sector Model
David L. Fuller (Concordia University)
Marianna Kudlyak (Federal Reserve Bank of Richmond)
Damba Lkhagvasuren (Concordia University)
[View Abstract] [Download Preview]
Sectoral Shift, Job Mobility and Wage Inequality
Florian Hoffmann (University of British Columbia)
Shouyong Shi (University of Toronto)
[View Abstract]
Disentangling Labor Supply and Demand Shifts Using Spatial Wage Dispersion: The Case of Oil Price Shocks
Matthias Kehrig (University of Texas-Austin)
Nicholas Ziebarth (University of Iowa)
[View Abstract] [Download Preview]
Unemployment Benefits and Unemployment in the Great Recession: The Role of Macro Effects
Marcus Hagedorn (Institute of Advanced Studies)
Fatih Karahan (Federal Reserve Bank of New York)
Iourii Manovskii (University of Pennsylvania)
Kurt Mitman (University of Pennsylvania)
[View Abstract]

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Grand Ballroom - Salon C
International Association for Energy Economics/American Economic Association
What Determines the Price of Oil? The Roles of Supply, Demand, Speculation and Other Factors? (Q4) (Panel Discussion)
Panel Moderator: Kenneth Medlock (Rice University)
Mahmoud El-Gamal (Rice University) Supply, Demand, and Oil Price Cycles: The Medium-Term View
Lutz Kilian (University of Michigan) Quantifying the Speculative Component in the Real Price of Oil: The Role of Global Oil Inventories
Christopher R. Knittel (Massachusetts Institute of Technology) The Simple Economics of Commodity Price Speculation
John E. Parsons (Massachusetts Institute of Technology) Speculation and Speculation in Oil Prices

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 305
International Health Economics Association
Quality in Health Care Markets: Measurement and Incentives (I1)
Presiding: Richard Lindrooth (University of Colorado)
Spillover Effects of the Alternative Quality Contract on Spending and Quality for Medicare Beneficiaries
J. Michael McWilliams (Harvard University)
Bruce Landon (Harvard University)
Michael E. Chernew (Harvard University)
[View Abstract]
Do Patient-Centered Medical Homes Reduce Emergency Department Visits?
Guy David (University of Pennsylvania)
Phil Saynisch (Harvard University)
Somesh Nigam (Independence Blue Cross)
Candace Gunnarsson (S2 Statistical Solutions)
[View Abstract] [Download Preview]
Product Differentiation and Severity Adjustment in United States Hospitals
Jeffrey S. McCullough (University of Minnesota)
Ira S. Moscovice (University of Minnesota)
[View Abstract]
Discussants:
H. E. Frech, III (University of California-Santa Barbara)
Christina L. Marsh (University of Georgia)
Stephen T. Parente (University of Minnesota)

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Meeting Rooms 408 & 409
International Network for Economic Method
Edward Leamer's The Craft of Economics (B4) (Panel Discussion)
Panel Moderator: Don Ross (University of Cape Town)
Glenn W. Harrison (Georgia State University) Methodological Lessons from General Equilibrium Trade Models
Lawrence Edwards (University of Cape Town) Telling the Best Story About Trade Between Developed and Emerging Economies
Don Ross (University of Cape Town) Story-Telling is Part of Science, Not an Alternative to it: The Science of International Economics
Edward E Leamer (University of California-Los Angeles) The Craft of Economics: 
Methodological Lessons Drawn from the Intellectual history of the Heckscher-Ohlin Model

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Grand Ballroom - Salon L
International Society for New Institutional Economics
The Economic Institutions of Higher Education (I2)
Presiding: Scott Masten (University of Michigan)
Herding Cats? Management and University Performance
John McCormack (University of Bristol)
Carol Propper (University of Bristol, Imperial College London)
Sarah Smith (University of Bristol)
[View Abstract] [Download Preview]
The Problems of Higher Education: Property Rights and Public Choice
Henry G. Manne (George Mason University)
[View Abstract] [Download Preview]
Universities as Innovators: The Effects of Academic Incubators on Patent Quality
Peter G. Klein (University of Missouri)
Christos Kolympiris (Wageningen University)
[View Abstract] [Download Preview]
Discussants:
Robert S. Gibbons (Massachusetts Institute of Technology)
Henry Hansmann (Yale University)
Jeffrey Furman (Boston University)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 102-A
Labor & Employment Relations Association
Human Capital at Work: Education (J5)
Presiding: Phanindra Wunnava (Middlebury College and IZA)
Private and Social Returns to Education: Evidence from the Current Population Survey
Kristen Monaco (California State University-Long Beach)
Steven Yamarik (California State University-Long Beach)
[View Abstract] [Download Preview]
Employment Patterns of Foreign-Born Immigrants in the United States: The Role of English Proficiency
Ying Zhen (Wesleyan College)
[View Abstract] [Download Preview]
Discussants:
Paul Harrington (Drexel University)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 104-B
Labor & Employment Relations Association
Labor Force Issues in Advanced Economies: Participation, Self-Employment, Outsourcing (J5)
Presiding: William Rodgers III (Rutgers University)
Working, the Job, and Postindustrial Careers with Outsourcing: Theorizing About Job Quality and Loss
Jacqueline Marie Zalewski (West Chester University of Pennsylvania)
[View Abstract] [Download Preview]
Fostering Entrepreneurial Societies: National Labor Market Policies and Self-Employment
Pamela S. Tolbert (Cornell University)
Lena Hipp (Wissenschaftszentrum Berline fur Sozialforschung)
[View Abstract] [Download Preview]
On the Persistence of Labor Force Participation Rates by Gender: Evidence from OECD Countries
Herve Queneau (City University of New York-Brooklyn College)
Amit Sen (Xavier University)
[View Abstract] [Download Preview]
Discussants:
Ruth Milkman (City University of New York-Graduate Center)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 104-A
Labor & Employment Relations Association
Low Wage/No Wage Jobs (J5)
Presiding: Sylvia Allegretto (University of California-Berkeley)
Imprisoned Jobs, Imprisoned Workers: The Relationship between Prison Population and Free Market Labor
Kerem Cantekin (University of Utah)
[View Abstract] [Download Preview]
The New Vulnerable: Low-Income Workers in Low-Wage Jobs
Randy Albelda (University of Massachusetts-Boston)
Michael Carr (University of Massachusetts-Boston)
[View Abstract]
Not Enough Hours in the Day: Work Hour Insecurity and a New Approach to Wage and Hour Regulation
Anna Haley-Lock (University of Wisconsin-Madison)
Charlotte Alexander (Georgia State Unviersity)
Nantiya Ruan (University of Denver)
[View Abstract] [Download Preview]
The Dynamics of Disconnection: Sex Differences in Entry and Exit of Spells of Disconnection
Laryssa Mykyta (US Census Bureau)
[View Abstract]
Discussants:
Deborah M. Figart (Richard Stockton College of New Jersey)

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 410
National Association of Economic Educators
What Matters in Principles of Economics Classes? (A2)
Presiding: Andrew Hill (Federal Reserve Bank of Philadelphia)
Loss Aversion, Irrational Behavior, and Student Motivation in the Economics Classroom
Maria Apostolova (University of Kentucky)
William Cooper (University of Kentucky)
Gail Hoyt (University of Kentucky)
Emily Marshall (University of Kentucky)
[View Abstract] [Download Preview]
Non-Cognitive Skills and Performance of Macro Principles Students
William L. Goffe (Pennsylvania State University)
Deborah Goins (Pennsylvania State University)
[View Abstract] [Download Preview]
A Panel Data Study of Student Knowledge Growth: Application of an Economic Empirical Growth Model
Tin-Chun Lin (Indiana University-Northwest)
[View Abstract] [Download Preview]
Does Calculator Use and Test Format Mask Weakness in Basic Math Ability?: Experimental Evidence in Principles of Economics
Melanie Allwine (George Washington University)
Irene R. Foster (George Washington University)
[View Abstract] [Download Preview]
Discussants:
Carlos Asarta (University of Delaware)
Andrew T. Hill (Federal Reserve Bank of Philadelphia)
Mary H. Lesser (Lenoir-Rhyne University)
William L. Goffe (Pennsylvania State University)

Jan 04, 2014 2:30 pm, Loews Philadelphia Hotel, Congress B
National Association of Forensic Economics
Topics in Forensic Economics IV – Growth and Discounting (K1)
Presiding: Elizabeth Gunderson (Hamline University)
Earnings Growth 1974 - 2012
Edward Foster (University of Minnesota)
[View Abstract] [Download Preview]
Present Value, Discount Rate, and Equilibrium
Scott Gilbert (Southern Illinois University-Carbondale)
[View Abstract]
Tests for Stationarity of Ibbotson SBBI Equity Risk Premia
Steven J. Shapiro (New York Institute of Technology)
Stephen M. Horner (Economic Consulting)
[View Abstract] [Download Preview]
Discussants:
Frank Adams (Kennesaw State University)
Christopher W. Young (Tinari Economics Group)
Christopher Warburton (City University of New York-John Jay College of Criminal Justice)

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 306
National Economic Association/Labor & Employment Relations Association
Public Policies Impacting Low-Income & Minority Communities (H3)
Presiding: Bradley Hardy (American University)
The Cost of Homicide: Evidence from Transactions Data
Marcus Casey (University of Illinois-Chicago)
[View Abstract]
The Changing Safety Net for Low-Income Parents and Their Children: Structural or Cyclical Changes in Income Support Policy
Bradley Hardy (American University)
Timothy Smeeding (University of Wisconsin)
James P. Ziliak (University of Kentucky)
[View Abstract]
Factors Influencing Transitions Into and Out of Near Poverty
Misty L. Heggeness (US Census Bureau)
Charles Hokayem (US Census Bureau)
[View Abstract]
Time-Inconsistency and Saving: Experimental Evidence from Low-Income Tax Filers
Damon Jones (University of Chicago)
Aprajit Mahajan (University of California-Los Angeles)
[View Abstract]
Discussants:
Dania V. Francis (Duke University)
Rodney J. Andrews (University of Texas-Dallas and NBER)
Darrick Hamilton (New School)
Tiffany Green (Virginia Commonwealth University)

Jan 04, 2014 2:30 pm, Loews Philadelphia Hotel, Washington A
National Tax Association
Taxes, Top Incomes, and Executive Compensation (H2)
Presiding: Seth Giertz (University of Nebraska)
Migration and Wage Effects of Taxing Top Earners: Evidence from the Foreigners' Tax Scheme in Denmark
Henrik Jacobsen Kleven (London School of Economics)
Camille Landais (London School of Economics)
Emmanuel Saez (University of California-Berkeley)
Esben Schultz (Kraka Copenhagen)
Accounting for Income Changes over the Great Recession (2007-2010) Relative to Previous Recessions: The Importance of Taxes and Transfers
Philip Armour (Cornell University)
Richard Burkhauser (Cornell University)
Jeff Larrimore (Joint Committee on Taxation)
[View Abstract] [Download Preview]
Policy Uncertainty and Rent Seeking by Firms and CEOs: Implications for Efficiency and Optimal Tax Rates
Carola Frydman (Boston University)
Seth H. Giertz (University of Nebraska)
Jacob Mortenson (Georgetown University and Joint Committee on Taxation)
[View Abstract] [Download Preview]
The Impact of Insider Trading Laws on Dividend Payout Policy
Paul Brockman (Lehigh University)
Jiri Tresl (University of Nebraska)
Emre Unlu (University of Nebraska)
[View Abstract] [Download Preview]
Discussants:
Jeffrey Thompson (Federal Reserve Board)
Dhammika Dharmapala (University of Illinois)

Jan 04, 2014 2:30 pm, Philadelphia Marriott, Meeting Room 407
Peace Science Society International
Frontiers in the Study of the Economics of Terrorism (H4)
Presiding: Martin Feldstein (Harvard University)
The Changing Nonlinear Relationship between Income and Terrorism
Walter Enders (University of Alabama)
Gary A. Hoover (University of Alabama)
Todd Sandler (University of Texas-Dallas)
[View Abstract] [Download Preview]
Terrorist Group Location Decision: An Empirical Investigation
Khusrav Gaibulloev (American University of Sharjah)
[View Abstract] [Download Preview]
Motivating Operatives for Suicide Missions and Conventional Terrorist Attacks
Daniel G. Arce (University of Texas-Dallas)
Kevin Siqueira (University of Texas-Dallas)
[View Abstract] [Download Preview]
INTERPOL's MIND/FIND Network in Curbing Transnational Terrorism
Javier Gardeazabal (University of the Basque Country)
Todd Sandler (University of Texas-Dallas)
[View Abstract] [Download Preview]
Terrorism and Arms Trade
S. Brock Blomberg (Claremont McKenna College)
[View Abstract] [Download Preview]
Discussants:
Javed Younas (American University of Sharjah)
Raul Caruso (Catholic University of Milan)
Solomon W. Polachek (Binghamton University)
Carlos Seiglie (Rutgers University)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 204-C
Society for Policy Modeling/American Economic Association
Has Innovation Stopped Driving Growth? (D2)
Presiding: Dominick Salvatore (Fordham University)
Innovation and Economic Growth in a Time of Increased Globalization
Martin Neil Baily (Brookings Institution)
[View Abstract] [Download Preview]
The Second Machine Age
Erik Brynjolfsson (Massachusetts Institute of Technology)
[View Abstract]
Evaporating Growth: Can Anything Be Done?
Robert J. Gordon (Northwestern University)
[View Abstract]
What Will End the Long Slump?
Dale Jorgenson (Harvard University)
Mun S. Ho (Harvard University)
Jon D. Samuels (Bureau of Economic Analysis)
[View Abstract] [Download Preview]
Discussants:
Dominick Salvatore (Fordham University)

Jan 04, 2014 2:30 pm, Pennsylvania Convention Center, 106-B
Society of Government Economists
Innovative Approaches to Analyzing Newly Observed Patterns in Economic Data (B4)
Presiding: Wendy Li (US Bureau of Economic Analysis)
The Recent Decline in Employment Dynamics
Henry Hyatt (US Census Bureau)
James R. Spletzer (US Census Bureau)
[View Abstract] [Download Preview]
State Variation of Student Loan Debt and Performance
Wenhua Di (Federal Reserve Bank of Dallas)
[View Abstract]
Comparison of Petroleum Fiscal Systems and Auctions
Radford Schantz (US Bureau of Ocean Energy Management)
Walter Stromquist (Swarthmore College)
[View Abstract] [Download Preview]
GSP Expiration and Declining Exports from Developing Countries
Shushanik Hakobyan (Fordham University)
[View Abstract] [Download Preview]
The Role of Intellectual Property in Value-Added Trade in Global Value Chains
Nikolas Zolas (US Census Bureau)

Jan 04, 2014 2:30 pm, Loews Philadelphia Hotel, Anthony
Union for Radical Political Economists
Research Methods and Applications in Heterodox Economics (B5)
Presiding: Frederic Lee (University of Missouri-Kansas City)
A Data Triangulation Approach to Understanding the Behavior of Small Landholders in Bulgaria
Mieke Meurs (American University)
[View Abstract]
Agent-Based Computational Economics: Simulation Tools for Heterodox Research
Jonathan Cogliano (Dickinson College)
Xiao Jiang (Denison University)
[View Abstract] [Download Preview]
The Use of Quasi-Experimental Design in Urban and Regional Research
Thomas Lambert (Northern Kentucky University)
Michael Bewley (Enalysis)
[View Abstract]
Measuring the Intra-Household Distribution of Wealth in Ecuador: Qualitative Insights and Quantitative Outcomes
Carmen Diana Deere (University of Florida)
Zachary Catanzarite (University of Florida)
[View Abstract] [Download Preview]
Studying Low-Income Households: Challenges and Issues
Lynne Chester (University of Sydney)
[View Abstract] [Download Preview]
Discussants:
Frederic Lee (University of Missouri-Kansas City)
Christine Ngoc Ngo (University of London)

Jan 04, 2014 2:30 pm, Loews Philadelphia Hotel, Tubman
Union for Radical Political Economists
The Political Economy of Distribution (D3)
Presiding: Tim Koechlin (Vassar College)
"Dark Matter," "Black Holes," and Old-Fashioned Exploitation: Multinationals and United States Profitability, Growth, and Employment
Mona Ali (State University of New York-New Paltz)
[View Abstract]
Generating, Appropriating, and Distributing the Benefits of Cooperation: A Comparison of Views of Economic Community
Jonathan Diskin (Earlham College)
[View Abstract]
Urban Inequality, Neoliberalism, and the Case for a Multidisciplinary Economics
Tim Koechlin (Vassar College)
[View Abstract]
A Theory That Accounts for Explosive Income and Wealth Dynamics
Mehrene Larudee (Al Quds Bard Honors College)
[View Abstract]
Discussants:
Dorene Isenberg (University of Redlands)
Bruce Pietrykowski (University of Michigan)

Jan 04, 2014 4:40 pm, Philadelphia Marriott, Grand Ballroom - Salons G & H
American Economic Association
AEA Awards Ceremony and Presidential Address (J1)
Presiding: William Nordhaus (Yale University)
A Grand Gender Convergence: Its Last Chapter
Claudia Goldin (Harvard University)
[View Abstract] [Download Preview]

Jan 04, 2014 4:45 pm, Philadelphia Marriott, Grand Ballroom - Salon A
Association for Comparative Economic Studies
Membership Meeting and Presidential Address, Followed by our Annual Wine and Cheese Reception – Co-Sponsored by ACES & NES
Hartmut Lehmann (University of Bologna)

Jan 04, 2014 4:45 pm, Loews Philadelphia Hotel, Regency Ballroom C1
Association for Evolutionary Economics
Presidential Address
Phillip Anthony O'Hara (Global Political Economy Research Unit) Political Economy of Systemic and Micro Corruption Throughout the World

Jan 04, 2014 5:15 pm, Loews Philadelphia Hotel, Anthony
International Banking, Economics & Finance Association
Annual Membership Meeting and Presidential Address

Jan 04, 2014 5:45 pm, Loews Philadelphia Hotel, Millennium Hall
American Finance Association
Business Meeting and Presidential Address
Robert F. Stambaugh (University of Pennsylvania)

Jan 04, 2014 6:00 pm, Philadelphia Marriott, Grand Ballroom - Salons G & H
American Economic Association
Business Meeting

Jan 04, 2014 7:00 pm, Philadelphia Marriott, Grand Ballroom - Salon B
National Economic Association
Presidential Address and Reception

Jan 04, 2014 8:00 pm, Philadelphia Marriott, Liberty Ballroom
American Economic Association
6th Annual Economics Humor Session in Honor of Caroline Postelle Clotfelter (Y9)
Presiding: Benjamin Franklin (standupeconomist.com)
EconoTrolls: An Illustrated Bestiary
Noah Smith (Stony Brook University)
The Economics of Kids
Yaniv Reingewertz (George Washington University)
Why I am Not an Academic
Yoram Bauman (standupeconomist.com)

Jan 05, 2014 8:00 am, Pennsylvania Convention Center, 202-A
American Economic Association
Children (J1)
Presiding: Anna Aizer (Brown University)
Are We Supporting Our Orphans Enough? An Economic Analysis of Three Factors that Affect Child Adoptions from Domestic Foster Care
Anand Murugesan (University of Maryland)
Robert Innes (University of California-Merced)
[View Abstract] [Download Preview]
The EITC, Birth Intervals, and Completed Fertility
Katherine H. Meckel (Columbia University)
[View Abstract]
An Analysis if Different Methods for Incorporating Co-Teachers into Value-Added Models
Jennifer Gnagey (Ohio State University)
[View Abstract] [Download Preview]
The Impact of Child Evacuation on the Importance of Family Background
Torsten Santavirta (Swedish Institute for Social Research)
Markus Jantti (Stockholm Univeristy)
[View Abstract]
No Child Left Behind: Extricating the Role of Sanctions and Stigma in Accountability Threats
Rajashri Chakrabarti (Federal Reserve Bank of New York)
[View Abstract]

Jan 05, 2014 8:00 am, Pennsylvania Convention Center, 103-C
American Economic Association
Consumption and Debt Response to Income Shocks (E2)
Presiding: Christopher Carroll (Johns Hopkins University)
Consumption and Debt Response to Unanticipated Income Shocks: Evidence from a Natural Experiment in Singapore
Sumit Agarwal (National University of Singapore)
Wenlan Qian (National University of Singapore)
[View Abstract] [Download Preview]
Do Household Balance Sheets Affect Stimulus Spending? Lessons from Changes in Payroll Taxes
Claudia Sahm (Federal Reserve Board)
Matthew D. Shapiro (University of Michigan)
Joel Slemrod (University of Michigan)
[View Abstract]
Liquidity Constraints and Consumer Bankruptcy: Evidence from Tax Rebates
Tal Gross (Columbia University)
Matthew J. Notowidigdo (University of Chicago)
Jialan Wang (Consumer Financial Protection Bureau)
[View Abstract] [Download Preview]
Consumer Responses to Fiscal Stimulus Policy and the Households' Cost of Liquidity
Claus Thustrup Kreiner (University of Copenhagen, CESifo and CEPR)
David Dreyer Lassen (University of Copenhagen)
Soren Leth-Petersen (University of Copenhagen)
[View Abstract]
Discussants:
Jonathan A. Parker (Northwestern University)
David S. Johnson (US Census Bureau)
Jane Dokko (Federal Reserve Board)
Erik Hurst (University of Chicago)

Jan 05, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon K
American Economic Association
Economics of Crime (K4)
Presiding: Matthew Lindquist (SOFI, Stockholm University)
The Importance of Family Background and Neighbourhood Effects as Determinants of Crime
Karin Hederos Eriksson (Stockholm School of Economics)
Randi Hjalmarsson (Queen Mary, University of London, and University of Gothenburg)
Matthew J. Lindquist (SOFI, Stockholm University)
Anna Sandberg (Stockholm School of Economics)
[View Abstract] [Download Preview]
School Starting Age and Crime
Rasmus Landerso (Rockwool Foundation Research Unit and Aarhus University)
Helena Skyt Nielsen (Aarhus University)
Marianne Simonsen (Aarhus University)
[View Abstract] [Download Preview]
Deal Drugs Once, Deal Drugs Twice: Peer Effects on Recidivism from Prisons
Anna Piil Damm (CReAM, University College London, and Aarhus University)
Cédric Jean-Laurent Elie Gorinas (Danish National Centre for Social Research and Aarhus University)
[View Abstract] [Download Preview]
Immigration, Employment Opportunities, and Criminal Behavior
Emily Owens (Cornell University)
Matthew Freedman (Cornell University)
Sarah Bohn (Public Policy Institute of California)
[View Abstract] [Download Preview]
Discussants:
Erdal Tekin (Georgia State University)
Matthew J. Lindquist (SOFI, Stockholm University)
Patrick Bayer (NBER and Duke University)
Jacob L. Vigdor (Duke University)

Jan 05, 2014 8:00 am, Philadelphia Marriott, Meeting Room 307
American Economic Association
Employer Search and Hiring in Organizations (D2)
Presiding: Catherine Thomas (London School of Economics)
The Effects of Subsidizing Employer Search
John Horton (New York University)
[View Abstract]
Learning Through Interviews and Hires: Employer Search and Experimentation in the Job Matching Process
Christopher Stanton (University of Utah)
Catherine Thomas (London School of Economics)
[View Abstract]
Recruitment and Selection in Organizations
Ricardo Alonso (University of Southern California)
[View Abstract] [Download Preview]
The Facts About Referrals: Toward an Understanding of Employee Referral Networks
Stephen Burks (University of Minnesota-Morris)
Bo Cowgill (University of California-Berkeley)
Mitchell Hoffman (University of Toronto)
Michael Housman (Evolv on Demand)
[View Abstract] [Download Preview]
Discussants:
Arnaud Maurel (Duke University)
Scott Schaefer (University of Utah)
Michael Waldman (Cornell University)
Michael Luca (Harvard Business School)

Jan 05, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon A
American Economic Association
Field Experiments in Tax Compliance (H2)
Presiding: John List (University of Chicago)
Extrinsic vs Intrinsic Motivations for Tax Compliance: Evidence from a Field Experiment in Germany
Nadja Dwenger (Max Planck Institute)
Henrik Jacobsen Kleven (London School of Economics)
Imran Rasul (University College London)
Johannes Rincke (FAU Erlangen-Nuremberg)
[View Abstract]
The Behavioralist Goes to the Tax Office: Evidence from Two Nationwide Field Experiments
Michael Hallsworth (Imperial College London)
John A. List (University of Chicago)
Robert Metcalfe (University of Chicago)
Ivo Vlaev (Imperial College London)
[View Abstract]
Using Omission Bias to Increase Payments to the Government
Michael Hallsworth (Imperial College London)
John A. List (University of Chicago)
Robert Metcalfe (University of Chicago)
Ivo Vlaev (Imperial College London)
Ara Darzi (Imperial College London)
[View Abstract]
Tax Withholding and Tax Compliance: Evidence from a Framed Field Experiment
David Bruner (Appalachian State University)
Michael McKee (Appalachian State University)
Christian Vossler (University of Tennessee)
[View Abstract] [Download Preview]
Discussants:
Michael K. Price (Georgia State University)
Mark Phillips (Internal Revenue Service)
Mark Rider (Georgia State University)
Anya C. Samak (University of Wisconsin-Madison)

Jan 05, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon B
American Economic Association
Financial Decision-Making and the Household Balance Sheet (G2)
Presiding: David Laibson (Harvard University)
Does Front-Loading Taxation Increase Savings? Evidence from Roth 401(k) Introductions
John Beshears (Harvard University)
James Choi (Yale University)
David Laibson (Harvard University)
Brigitte Madrian (Harvard University)
[View Abstract] [Download Preview]
Who is Internationally Diversified?
Geert Bekaert (Columbia University)
Enrichetta Ravina (Columbia University)
[View Abstract]
Does Rising Student Debt Affect the Home Purchase of Young Borrowers?
Meta Brown (Federal Reserve Bank of New York)
Andrew Haughwout (Federal Reserve Bank of New York)
Donghoon Lee (Federal Reserve Bank of New York)
Wilbert van der Klaauw (Federal Reserve Bank of New York)
[View Abstract]
Financial Education and the Debt Behavior of the Young
Meta Brown (Federal Reserve Bank of New York)
Jaya Wen (Yale University)
Basit Zafar (Federal Reserve Bank of New York)
[View Abstract] [Download Preview]
Discussants:
Kory Kroft (University of Toronto)
Frank Warnock (University of Virginia)
Raven Molloy (Federal Reserve Board)
Brian Bucks (Consumer Financial Protection Bureau)

Jan 05, 2014 8:00 am, Pennsylvania Convention Center, 204-C
American Economic Association
Frontiers of Market Design (D4)
Presiding: Alvin Roth (Stanford University)
The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response
Eric Budish (University of Chicago)
Peter Cramton (University of Maryland)
John Shim (University of Chicago)
[View Abstract] [Download Preview]
Organ Donation Loopholes Undermine Warm Glow Giving: An Experiment Motivated By Priority Loopholes in Israel
Alvin E. Roth (Stanford University)
Judd Kessler (University of Pennsylvania)
[View Abstract]
Mechanism Design in Large Games: Incentives and Privacy
Michael Kearns (University of Pennsylvania)
Mallesh Pai (University of Pennsylvania)
Aaron Roth (University of Pennsylvania)
Jonathan Ullman (Harvard University)
[View Abstract] [Download Preview]
Strategy-Proofness, Investment Efficiency, and Marginal Returns: An Equivalence
John William Hatfield (Stanford University)
Fuhito Kojima (Stanford University)
Scott Duke Kominers (University of Chicago)
[View Abstract]
Discussants:
Michael Ostrovsky (Stanford University)
James Andreoni (University of California-San Diego)
Ilya Segal (Stanford University)
Larry Samuelson (Yale University)

Jan 05, 2014 8:00 am, Pennsylvania Convention Center, 105-B
American Economic Association
High Skill Immigration in the Global Economy (J2)
Presiding: William Kerr (Harvard Business School)
Contribution of Immigrant Scientists to Source and Destination Country Scientific Output
Richard B. Freeman (Harvard University)
Wei Huang (Harvard University)
[View Abstract]
Heterogeneous Technology Diffusion and Ricardian Trade Patterns
William Kerr (Harvard Business School)
Sari Kerr (Wellesley College)
William Lincoln (Johns Hopkins University)
[View Abstract] [Download Preview]
German-Jewish Emigres and United States Invention
Petra Moser (Stanford University)
Fabian Waldinger (Universtiy of Warwick)
Alessandra Voena (Harvard University)
[View Abstract] [Download Preview]
College in the States: Foreign Student Demand and Degree Attainment in the United States
Sarah Turner (University of Virginia)
[View Abstract] [Download Preview]
Discussants:
Gordon H. Hanson (University of California-San Diego)

Jan 05, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon J
American Economic Association
History and Long-Term Development in Africa (O1)
Presiding: Leonard Wantchekon (Princeton University)
National Institutions and Subnational Development in Africa
Stelios Michalopoulos (Brown University)
Elias Papaioannou (London Business School)
[View Abstract] [Download Preview]
History and Path Dependence: Evidence from Colonial Railroads, Settlers and Cities in Kenya
Remi Jedwab (George Washington University)
Edward Kerby (London School of Economics)
Alexander Moradi (University of Sussex)
[View Abstract] [Download Preview]
Education and Human Capital Externalities: Evidence from Colonial Benin
Leonard Wantchekon (Princeton University)
Natalija Novta (New York University)
Marko Klasnja (New York University)
[View Abstract] [Download Preview]
The Effect of the TseTse Fly on African Development
Marcella Alsan (Harvard University)
[View Abstract]
Discussants:
Melissa Dell (Harvard University)
David Albouy (University of Michigan)
James Fenske (Oxford University)
Hoyt Bleakley (University of Chicago)

Jan 05, 2014 8:00 am, Pennsylvania Convention Center, 203-B
American Economic Association
Macroprudential Policies (E5)
Presiding: Jaume Ventura (CREI, UPF, and Barcelona GSE)
Effects and Role of Macroprudential Policy: Evidence from Reserve Requirements Based on a Narrative Approach
Guillermo Vuletin (Brookings Institution)
Carlos A. Vegh (University of Maryland and NBER)
Pablo Federico (BlackRock)
[View Abstract] [Download Preview]
Macroprudential Regulation Versus Mopping Up After the Crash
Olivier Jeanne (Johns Hopkins University, NBER, and CEPR)
Anton Korinek (University of Maryland and NBER)
[View Abstract] [Download Preview]
Optimal Policy for Macro-Financial Stability
Gianluca Benigno (London School of Economics)
Huigang Chen (MarketShare Partners)
Christopher Otrok (University of Missouri and Federal Reserve Bank of St. Louis)
Alessandro Rebucci (John Hopkins University and Inter-American Development Bank)
Eric R. Young (University of Virginia)
[View Abstract] [Download Preview]
A Financial Frictions Approach to Crises: Theory and Macroprudential Policy Implications
Anton Korinek (University of Maryland and NBER)
Enrique G. Mendoza (University of Pennsylvania and NBER)
[View Abstract]

Jan 05, 2014 8:00 am, Pennsylvania Convention Center, 204-A
American Economic Association
Medical Innovation (I1)
Presiding: Nolan Miller (University of Illinois-Urbana-Champaign)
The Market Impacts of Product Patents in Developing Countries: Evidence from India
Mark Duggan (University of Pennsylvania)
Craig Garthwaite (Northwestern University)
Aparajita Goyal (World Bank)
[View Abstract]
The Insurance Value of Medical Innovation
Julian Reif (University of Illinois-Urbana-Champaign)
Anup Malani (University of Chicago)
Darius Lakdawalla (University of Southern California)
[View Abstract] [Download Preview]
The Effect of United States Health Insurance Expansions on Medical Innovation
Jeffrey Clemens (University of California-San Diego)
[View Abstract] [Download Preview]
The Local Influence of Principal Investigators on Technology Adoption: Evidence from New Cancer Drugs
Leila Agha (Boston University)
David Molitor (University of Illinois-Urbana-Champaign)
[View Abstract]
Discussants:
Craig Garthwaite (Northwestern University)
Heidi L. Williams (Massachusetts Institute of Technology)
Leemore Dafny (Northwestern University)
Amanda E. Kowalski (Yale University)

Jan 05, 2014 8:00 am, Pennsylvania Convention Center, 202-B
American Economic Association
Poverty (I3)
Presiding: Gary Hoover (University of Alabama)
Measuring Impoverishment: An Overlooked Dimension of Fiscal Incidence
Sean Higgins (Tulane University)
Nora Lustig (Tulane University)
[View Abstract]
Does Poverty Affect Economic Decision-Making? Experimental Evidence from Changes in Financial Strain at Payday
Stephan Meier (Columbia University)
Stephanie W. Wang (University of Pittsburgh)
Leandro S. Carvalho (University of Southern California)
[View Abstract]
Changes in the Distribution of Poverty Duration in the United States Since the Mid-1980s
Iryna Kyzyma (CEPS/INSTEAD Luxembourg and the University of Bremen)
[View Abstract]
The Earned Income Tax Credit over the Business Cycle: Who Benefits?
Margaret Jones (US Census Bureau)
[View Abstract] [Download Preview]
Misclassification in Binary Choice Models
Bruce D. Meyer (University of Chicago and NBER)
Nikolas Mittag (CERGI-EI)
[View Abstract]

Jan 05, 2014 8:00 am, Pennsylvania Convention Center, 204-B
American Economic Association
Research Transparency: Pre-Analysis Plans and Other Approaches for Economics (C9)
Presiding: Edward Miguel (University of California-Berkeley)
Promoting Transparency in Economics Research
Edward Miguel (University of California-Berkeley)
[View Abstract]
Analysis Plans in Economics
Benjamin Olken (Massachusetts Institute of Technology)
[View Abstract]
Reshaping Institutions: Evidence on Aid Impacts Using a Preanalysis Plan
Katherine Casey (Stanford University)
Rachel Glennerster (Massachusetts Institute of Technology)
Edward Miguel (University of California-Berkeley)
[View Abstract] [Download Preview]
The Use of Analysis Plans in the Oregon Health Insurance Experiment
Katherine Baicker (Harvard University)
Amy N. Finkelstein (Massachusetts Institute of Technology)
Sarah L. Taubman (NBER)
[View Abstract]
Discussants:
Uri Simonsohn (University of Pennsylvania, Wharton School of Business)

Jan 05, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon E
American Economic Association
Sovereign Debt Crisis (F4)
Presiding: Gita Gopinath (Harvard University)
Is it Too Late to Bail Out the Troubled Countries in the Eurozone?
Juan Carlos Conesa (State University of New York-Stonybrook University)
Timothy Kehoe (University of Minnesota)
[View Abstract]
Renegotiation Policies in Sovereign Defaults
Christina Arellano (Federal Reserve Bank of Minneapolis)
Yan Bai (University of Rochester)
[View Abstract]
Sovereign Debt Crises in a Currency Union
Mark Aguiar (Princeton University)
Manuel Amador (Stanford University)
Emmanuel Farhi (Harvard University)
Gita Gopinath (Harvard University)
Discussants:
Vincenzo Quadrini (University of Southern California)
Javier Bianchi (University of Wisconsin)
Andrew Atkeson (University of California-Los Angeles)

Jan 05, 2014 8:00 am, Pennsylvania Convention Center, 201-A
American Economic Association
Strategic Learning: Theory and Evidence (D8)
Presiding: Abhijit Banerjee (Massachusetts Institute of Technology)
Circles of Trust
Samuel Lee (New York University)
Petra Persson (Stanford University)
Nikita Roketskiy (University College London)
[View Abstract]
Strategic Immunization and Group Structure
Andrea Galeotti (University of Essex)
Brian Rogers (Northwestern University)
[View Abstract]
Universal Communication via Robust Coordination
Madhu Sudhan (Microsoft Research and Massachusetts Institute of Technology)
Jacob Leshno (Columbia University)
[View Abstract] [Download Preview]
Come Play with Me: Experimental Evidence of Information Diffusion About Rival Goods
Abhijit Banerjee (Massachusetts Institute of Technology)
Emily Breza (Massachusetts Institute of Technology)
Arun Chandrasekhar (Stanford University)
Esther Duflo (Massachusetts Institute of Technology)
Matthew Jackson (Stanford University)
[View Abstract]
Discussants:
Matthew Elliott (California Institute of Technology)
Arun Chandrasekhar (Stanford University)
Juan Pablo Xandri (Princeton University)
Petra Persson (Stanford University)

Jan 05, 2014 8:00 am, Pennsylvania Convention Center, 201-B
American Economic Association
The Role of Management and Technology for Reallocation and Growth: Micro and Macro Evidence (L1)
Presiding: John Van Reenen (London School of Economics)
Reallocation and Technology: Evidence from the United States Steel Industry
Allan Collard-Wexler (New York University)
Jan De Loecker (Princeton University)
[View Abstract] [Download Preview]
Letter Grading Government Efficiency
Alberto Chong (University of Ottawa)
Rafael La Porta (Dartmouth College)
Florencio Lopez-de-Silanes (EDHEC Business School)
Andrei Shleifer (Harvard University, Department of Economics)
[View Abstract] [Download Preview]
Management as a Technology
Nicholas Bloom (Stanford University)
Raffaella Sadun (Harvard University)
John Van Reenen (London School of Economics)
[View Abstract] [Download Preview]
How Real Estate Shocks Affect Operational Practices: Evidence from the Restaurant Industry
Shai Bernstein (Stanford University)
Albert Sheen (Harvard Business School)

Jan 05, 2014 8:00 am, Pennsylvania Convention Center, 203-A
American Economic Association
Transfers and Networks in Developing Countries (O1)
Presiding: Susan Steiner (Leibniz Universität Hannover)
The Network Architecture of Reciprocated Versus Unreciprocated Sharing
Laura Schechter (University of Wisconsin-Madison)
Alexander Yuskavage (US Treasury Department)
[View Abstract] [Download Preview]
The Network Effects of Financial Interventions: Evidence from a Field Experiment in Nepal
Margherita Comola (Université Paris 1 Panthéon-Sorbonne)
Silvia Prina (Case Western Reserve University)
[View Abstract] [Download Preview]
Does the Arrival of a Formal Financial Institution Alter Informal Sharing Arrangements? Experimental Evidence from Village India
Christine Binzel (University of Heidelberg)
Erica Field (Duke University)
Rohini Pande (Harvard University)
[View Abstract] [Download Preview]
Transfer Behaviour in Migrant Sending Communities
Tanika Chakraborty (IIT Kanpur)
Bakhrom Mirkasimov (Humboldt University)
Susan Steiner (Leibniz Universität Hannover)
[View Abstract]
Discussants:
Marcel Fafchamps (Oxford University)
Silvia Prina (Case Western Reserve University)
Alexander Yuskavage (US Treasury Department)
Nathan Fiala (DIW Berlin)

Jan 05, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon C
American Economic Association
Using Integrated Assessment Models to Inform Decision-Making in the Face of Uncertain Climate Change (Q5)
Presiding: David Anthoff (University of Michigan)
Management of Energy Technology for Sustainability: Funding Energy Technology R&D under Uncertainty about Climate Change
Erin Baker (University of Massachusetts-Amherst)
[View Abstract] [Download Preview]
Investment Strategy in Energy RD&D under Technological Uncertainty: A Real Options Approach
Emily Fertig (Pennsylvania State University)
[View Abstract]
Tipping the Climate Dominoes
Christian Traeger (University of California-Berkeley)
Derek Lemoine (University of Arizona)
[View Abstract] [Download Preview]
Uncertainty Analysis in Integrated Assessment Models
Kenneth Gillingham (Yale University)
William Nordhaus (Yale University)
[View Abstract]
Discussants:
Kenneth Gillingham (Yale University)
Derek Lemoine (University of Arizona)
Charles Kolstad (Stanford University)
Maximilian Auffhammer (University of California-Berkeley)

Jan 05, 2014 8:00 am, Pennsylvania Convention Center, 103-A
American Economic Association
Women and Leadership (J16)
Presiding: Susan Averett (Lafayette College)
Female Managers in Hybrid Organizations: Evidence from Financial Cooperatives in Senegal
Anais Perilleux (Universite Catholique de Louvain)
Ariane Szafarz (Universite Libre de Bruxelles)
[View Abstract] [Download Preview]
Career Implications of Having a Female-Friendly Supervisor: Evidence from the NCAA
Steven Bednar (Elon College)
Dora Gicheva (University of North Carolina-Greensboro)
[View Abstract] [Download Preview]
Female Legislators and Foreign Aid
Daniel L. Hicks (University of Oklahoma)
Joan Hamory Hicks (University of California-Berkeley)
Beatriz Maldonado (College of Charleston)
[View Abstract] [Download Preview]
A Labor Market Punishing to Mothers?
Wayne A. Grove (Le Moyne College)
Andrew Hussey (University of Memphis)
[View Abstract]
Discussants:
Pascaline Dupas (Stanford University)
Justin Wolfers (University of Michigan)
Fidan Ana Kurtulus (University of Massachusetts-Amherst)
Amalia R. Miller (University of Virginia)

Jan 05, 2014 8:00 am, Loews Philadelphia Hotel, Commonwealth Hall B
American Finance Association
Agency and Investment (G3)
Presiding: Nittai Bergman (Massachusetts Institute of Technology)
Urban Vibrancy and Corporate Growth
Casey Dougal (University of North Carolina-Chapel Hill)
Christopher Parsons (University of California-San Diego)
Sheridan Titman (University of Texas-Austin)
[View Abstract] [Download Preview]
Optimal Long-Term Contracting with Learning
Zhiguo He (University of Chicago)
Bin Wei (Federal Reserve Board)
Jianfeng Yu (University of Minnesota)
[View Abstract]
Agency and Corporate Purchase of Insurance
Paul Ehling (Norwegian Business School)
Avner Kalay (University of Utah)
Shagun Pant (University of Iowa)
[View Abstract] [Download Preview]
Central Bank Liquidity Provision and Collateral Quality
Francois Koulischer (Université Libre de Bruxelles)
Daan Struyven (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Discussants:
David A. Matsa (Northwestern University)
Andrey Malenko (Massachusetts Institute of Technology)
Geoffrey Tate (University of North Carolina)
David Sraer (Princeton University)

Jan 05, 2014 8:00 am, Loews Philadelphia Hotel, Millennium Hall
American Finance Association
Banking and Financial Crises (G2)
Presiding: Nicola Gennaioli (Bocconi University)
A Crisis of Banks as Liquidity Providers
Viral Acharya (New York University)
Nada Mora (Federal Reserve Bank of Kansas City)
[View Abstract] [Download Preview]
Who Borrows from the Lender of Last Resort?
Itamar Drechsler (New York University)
Thomas Drechsel (European Central Bank)
David Marques (European Central Bank)
Philipp Schnabl (New York University)
[View Abstract] [Download Preview]
Banking Competition and Stability: The Role of Leverage
Xavier Freixas (Universitat Pompeu Fabra)
Kebin Ma (Tilburg University)
[View Abstract] [Download Preview]
Discussants:
Anil Kashyap (University of Chicago)
Efraim Benmelech (Northwestern University)
Anjan Thakor (Washington University-Saint Louis)

Jan 05, 2014 8:00 am, Loews Philadelphia Hotel, Regency Ballroom B
American Finance Association
Capital Constraints in the Crisis: Empirical Evidence (G2)
Presiding: Arvind Krishnamurthy (Northwestern University)
The Cost of Financial Frictions for Life Insurers
Ralph Koijen (University of Chicago)
Motohiro Yogo (Federal Reserve Board of Minneapolis)
[View Abstract]
Is Historical Cost Accounting a Panacea? Market Stress, Incentive Distortions, and Gains Trading
Andrew Ellul (Indiana University)
[View Abstract] [Download Preview]
Why Did Financial Institutions Sell RMBS at Fire Sale Prices during the Financial Crisis?
Craig Merrill (Brigham Young University)
Taylor Nadauld (Brigham Young University)
Rene M. Stulz (Ohio State University)
Shane Sherlund (Federal Reserve Board)
[View Abstract] [Download Preview]
Discussants:
Anna Paulson (Federal Reserve Bank of Chicago)
Richard Rosen (Federal Reserve Bank of Chicago)
Manuel Adelino (Duke University)

Jan 05, 2014 8:00 am, Loews Philadelphia Hotel, Regency Ballroom A
American Finance Association
Topics in Behavioral Finance (G3)
Presiding: Jeffrey Wurgler (New York University)
Wall Street and the Housing Bubble
Ing-Haw Cheng (Dartmouth College)
Sahil Raina (University of Michigan)
Wei Xiong (Princeton University)
[View Abstract] [Download Preview]
Nominal Price Illusion
Justin Birru (Ohio State University)
Baolian Wang (Hong Kong University of Science and Technology)
[View Abstract]
Offsetting Disagreement and Security Prices
Byoung-Hyoun Hwang (Purdue University)
Dong Lou (London School of Economics)
Chengxi Yin (Purdue University)
[View Abstract] [Download Preview]
Discussants:
Christopher L. Foote (Federal Reserve Bank of Boston)
Brian Boyer (Brigham Young University)
Christopher Malloy (Harvard Business School)

Jan 05, 2014 8:00 am, Loews Philadelphia Hotel, Commonwealth Hall D
American Finance Association
Trading (G1)
Presiding: Jeffrey Pontiff (Boston College )
Overreacting to a History of Underreaction?
Jonathan Milian (Florida International University)
[View Abstract] [Download Preview]
Worrying about the Stock Market: Evidence from Hospital Admissions
Joseph Engelberg (University of California-San Diego)
Christopher Parsons (University of California-San Diego)
[View Abstract] [Download Preview]
When the Bellwether Dances to Noise: Evidence from Exchange-Traded Funds
Zhi Da (University of Notre Dame)
Sophie Shive (University of Notre Dame)
[View Abstract] [Download Preview]
Why Do Investors Trade?
Eric Kelley (University of Arizona)
Paul Tetlock (Columbia University)
[View Abstract]
Discussants:
David McLean (University of Alberta)
Lisa A. Kramer (University of Toronto)
Robin Greenwood (Harvard Business School)
David Chapman (Boston College)

Jan 05, 2014 8:00 am, Loews Philadelphia Hotel, Commonwealth Hall C
American Finance Association
Winning and Losing in Asset Allocation (G1)
Presiding: Burton Hollifield (Carnegie Mellon University)
Ownership Structure, Limits to Arbitrage and Stock Returns: Evidence from Equity Lending Markets
Melissa Prado (Nova School of Business and Economics)
Pedro Saffi (University of Cambridge)
Jason Sturgess (DePaul University)
[View Abstract] [Download Preview]
What a Difference a Ph.D. Makes: More than Three Little Letters
Ranadeb Chaudhuri (Oakland University)
Zoran Ivkovich (Michigan State University)
Joshua Pollet (University of Illinois-Urbana-Champaign)
Charles Trzcinka (Indiana University)
[View Abstract]
Momentum Crashes
Kent Daniel (Columbia University)
Tobias Moskowitz (University of Chicago)
[View Abstract] [Download Preview]
Short-Sale Constraints, Information Acquisition, and Asset Prices
Mahdi Nezafat (Georgia Institute of Technology)
Qinghai Wang (Georgia Institute of Technology)
[View Abstract] [Download Preview]
Discussants:
Berk A. Sensoy (Ohio State University)
Marcin Kacperczyk (New York University)
Spencer Martin (University of Melbourne)
Bryan Routledge (Carnegie Mellon University)

Jan 05, 2014 8:00 am, Loews Philadelphia Hotel, Regency Ballroom C2
American Real Estate & Urban Economic Association/American Finance Association
Information in Real Estate and Mortgage Markets (G1)
Presiding: Stuart Gabriel (University of California-Los Angeles)
Collateral Valuation and Borrower Financial Constraints: Evidence from the Residential Real-Estate Market
Sumit Agarwal (National University of Singapore)
Itzhak Ben-David (Ohio State University)
Vincent Yao (Fannie Mae)
[View Abstract] [Download Preview]
Asset Quality Misrepresentation by Financial Intermediaries: Evidence from RMBS Market
Tomasz Piskorski (Columbia University)
Amit Seru (University of Chicago)
James Witkin (Columbia University)
[View Abstract]
Understanding Investors in Single-Family Homes
Alexander Chinco (University of Illinois Urbana-Champaign)
Christopher Mayer (Columbia University)
[View Abstract]
Second Mortgages: Valuation and Implications for the Performance of Structured Financial Products
Walter Torous (Massachusetts Institute of Technology)
Kristian Miltersen (Copenhagen School of Business)
[Download Preview]
Discussants:
Stijn Van Nieuwerburgh (New York University)
Richard Stanton (University of California-Berkeley)
Chester Spatt (Carnegie-Mellon University)
Barney Hartman-Glaser (University of California – Los Angeles)

Jan 05, 2014 8:00 am, Loews Philadelphia Hotel, Washington B
American Real Estate & Urban Economic Association
Real Estate Investment Trusts (REITS) (G1)
Presiding: Yildiray Yildirim (Syracuse University)
Competition, Auctions & Negotiations in REIT Takeovers
J. Mulherin (University of Georgia)
Kiplan Womack (Pepperdine University)
[View Abstract] [Download Preview]
Diversification Benefits of REIT Preferred and Common Stock: New Evidence from a Utility based Framework
Walter Boudry (Cornell University)
Jan de Roos (Cornell University)
Andrey Ukhov (Cornell University)
[View Abstract] [Download Preview]
Property Dispositions and REIT Credit Ratings
Qing Li (National University of Singapore)
Masaki Mori (National University of Singapore)
Seow Eng Ong (National University of Singapore)
[View Abstract] [Download Preview]
REITs and Market Microstructure: A Comprehensive Analysis of Market Quality
Pawan Jain (Central Michigan University)
Mark Sunderman (University of Memphis)
K. Janean Westby-Gibson (University of Memphis)
[View Abstract] [Download Preview]
Discussants:
Shaun Bond (University of Cincinnati)
Brad Case (NAREIT)
Xudong An (San Diego State University)
Mehmet Saglam (Princeton University)

Jan 05, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon I
Association for Comparative Economic Studies
Education, Health and Labor Market Outcomes: Comparative Evidence from Natural Experiments (I2)
Presiding: Melanie Khamis (Wesleyan University)
The Long-term Direct and External Effects of Jewish Expulsions in Nazi Germany
Mevlude Akbulut-Yuksel (Dalhousie University)
Mutlu Yuksel (Dalhousie University)
[View Abstract] [Download Preview]
Health, Education and Cognition: Evidence from a Social Experiment
Costas Meghir (Yale University)
Marten Palme (Stockholm University)
Emilia Simeonova (Tufts University)
[View Abstract] [Download Preview]
Does in Utero Exposure to Illness Matter? The 1918 Influenza Epidemic in Taiwan as a Natural Experiment
Ming-jen Lin (National Taiwan University)
Elaine Liu (University of Houston)
[View Abstract] [Download Preview]
'For the Love of the Republic': Education, Secularism and Empowerment
Selim Gulesci (Bocconi University)
Erik Meyersson (Stockholm Institute of Transition Economics)
[View Abstract] [Download Preview]
Discussants:
Ira N. Gang (Rutgers University)
Klara Sabirianova Peter (University of North Carolina-Chapel Hill)
John P. Bonin (Wesleyan University)
Nuria Rodriguez-Planas (IZA)

Jan 05, 2014 8:00 am, Loews Philadelphia Hotel, Regency Ballroom C1
Association for Evolutionary Economics
Commons Approach to Social Control in the 21st Century: Firms, Communities and Households as Going Concerns (B5)
Presiding: Anne Mayhew (University of Tennessee)
Evolving Juridical Space of Harm/Value: Remedial Powers in the Subprime Mortgage Crisis
Philip Ashton (University of Illinois-Chicago)
[View Abstract] [Download Preview]
Ignorance is Not Bliss
Glen Atkinson (University of Nevada-Reno)
Stephen Paschall (Lovett Bookman Harmon Marks LLP)
[View Abstract] [Download Preview]
Repurchase Agreements and the Law: How Legislative Changes Fueled the Housing Bubble
Fiona MacLachlan (Manhattan College)
[View Abstract] [Download Preview]
Backward Art of Thinking about Consumer Spending
Anne Mayhew (University of Tennessee)
[View Abstract]
Evolution of Housing Dispossession and the Contraction of Community
Melody Chiang (University of California-San Diego)
Gary Dymski (University of California-Riverside)
Jesus Hernandez (University of California-Davis)
[View Abstract] [Download Preview]
Discussants:
Anne Mayhew (University of Tennessee)

Jan 05, 2014 8:00 am, Loews Philadelphia Hotel, Congress A
Association for Social Economics
The Environment, Law, and Social Economics (Q5)
Presiding: Jonathan Wight (University of Richmond)
Do Constitutions Matter? The Effects of Constitutional Environmental Rights Provisions on Environmental Outcomes
Christopher Jeffords (Indiana University of Pennsylvania)
Lanse Minkler (University of Connecticut)
[View Abstract] [Download Preview]
Environmental Ethics, Economics, and Property Law
Steven McMullen (Calvin College)
Daniel Molling (Federal Reserve Bank of Kansas City)
[View Abstract] [Download Preview]
How Social Norms Can Guide the Law Pertaining to Accounting in Order to Accomplish Climate Change Remediation
F. Gregory Hayden (University of Nebraska-Lincoln)
[View Abstract]
Marketing Sustainability: Firm Values and Product Differentiation
Jill J. McCluskey (Washington State University)
[View Abstract]

Jan 05, 2014 8:00 am, Philadelphia Marriott, Grand Ballroom - Salon L
Association of Environmental & Resource Economists
Domestic Environmental Policy (Q5)
Presiding: Meredith Fowlie (University of California-Berkeley)
Estimating Water Demand at the Intensive and Extensive Margin: The Role of Landscape Dynamics
Daniel Brent (University of Washington)
[View Abstract]
How do Housing Prices Adjust after an Environmental Shock? Evidence from a State-Mandated Change in Aircraft Noise Exposure
Christian Almer (University of Bath)
Stefan Boes (University of Lucerne)
Stephan Nuesch (University of Zurich)
[View Abstract] [Download Preview]
Environmental Justice: Evidence from Superfund Cleanup Durations
Matthew Harding (Stanford University)
[View Abstract] [Download Preview]
The Effect of Abundant Natural Gas on Air Pollution from Electricity Production
J. Scott Holladay (University of Tennessee)
Jacob LaRiviere (University of Tennessee)
[View Abstract] [Download Preview]
Discussants:
Nicolai Kuminoff (Arizona State University)
Justin Gallagher (Case Western University)
Jaren Pope (Brigham Young University)
Kevin Novan (University of California-Davis)

Jan 05, 2014 8:00 am, Philadelphia Marriott, Meeting Room 401
Econometric Society
Empirical Models for Policy Evaluation (H3)
Presiding: John Rust (Georgetown University)
Optimal Taxation in an Empirical Life-Cycle Model of Labour Supply
Andrew Shephard (University of Pennsylvania)
[View Abstract]
Precommitments for Financial Self-Control: Evidence from Credit Card Borrowing
Sungjin Cho (Seoul National University)
John Rust (Georgetown University)
[View Abstract] [Download Preview]
Structural Estimation of an Equilibrium Model with Externalities: Program Evaluation of Post-Katrina Rebuilding Grants
Chao Fu (University of Wisconsin-Madison)
Jesse Gregory (University of Wisconsin)
[View Abstract]
The Superintendent's Dilemma: Managing School District Capacity as Parents Vote with Their Feet
Holger Sieg (University of Pennsylvania)
Akshaya Jha (Stanford University)
[View Abstract]

Jan 05, 2014 8:00 am, Philadelphia Marriott, Meeting Room 402
Econometric Society
Game Theory (D8)
Presiding: Amanda Friedenberg (Arizona State University)
Cognitive Biases in Stochastic Coordination Games and Their Evolution
Daniel H. Wood (Clemson University)
[View Abstract] [Download Preview]
Analysis of Information Feedback and Selfconfirming Equilibrium
Pierpaolo Battigalli (Bocconi University)
[View Abstract] [Download Preview]
Reputation without Commitment
Jonathan Lewis Weinstein (Northwestern University)
Muhamet Yildiz (Massachusetts Institute of Technology)
[View Abstract]
Higher-Order Uncertainty About Language
Andreas Blume (University of Arizona)
Oliver Board (New York University)
[View Abstract] [Download Preview]
Discussants:
Pablo Schenone (Arizona State University)

Jan 05, 2014 8:00 am, Philadelphia Marriott, Meeting Room 403
Econometric Society
International Trade: Empirics (F1)
Presiding: Ralph Ossa (University of Chicago)
Does Input-Trade Liberalization Affect Firms' Foreign Technology Choice?
Maria Bas (CEPII France and Sciences Po)
Antoine Berthou (Banque de France)
[View Abstract] [Download Preview]
Global Gains from Reduction of Trade Costs
Haichao Fan (Hong Kong University of Science and Technology)
Edwin L. Lai (Hong Kong University of Science and Technology)
Han (Steffan) Qi (Hong Kong University of Science and Technology)
[View Abstract] [Download Preview]
When the Floodgates Open:
Hale Utar (Bielefeld University)
[View Abstract] [Download Preview]
Discussants:
Andreas Moxnes (Dartmouth College)
Ralph Ossa (University of Chicago)
Chong Xiang (Purdue University)

Jan 05, 2014 8:00 am, Philadelphia Marriott, Meeting Room 405
Econometric Society
Productivity Differences across Time and Space (E2)
Presiding: David Lagakos (Arizona State University)
Agricultural Productivity Differences across Countries
Douglas Gollin (Oxford University)
David Lagakos (Arizona State University)
Michael E. Waugh (New York University)
[View Abstract] [Download Preview]
Intersectoral Distortions, Structural Change and the Welfare Gains from Trade
Tomasz Swiecki (Princeton University)
[View Abstract] [Download Preview]
Structural Transformation and the Rural-Urban Divide
Viktoria Hnatkovska (University of British Columbia)
Amartya Lahiri (University of British Columbia)
[View Abstract] [Download Preview]
Financial Frictions and Agricultural Productivity Differences
Junmin Liao (Washington University-St. Louis)
Wei Wang (Washington University-St. Louis)
[View Abstract]

Jan 05, 2014 8:00 am, Philadelphia Marriott, Meeting Room 404
Econometric Society
Searching and Contracting (D3)
Presiding: Huseyin Yildirim (Duke University)
Stable Marriages and Search Frictions
Stephan Lauermann (University of Michigan)
Georg Noldeke (University of Basel)
[View Abstract]
Repeated Contracting in Decentralised Markets
Sambuddha Ghosh (Boston University)
Seungjin Han (McMaster University)
[View Abstract]
Optimality of Non-competitive Allocation Rules
Tymofiy Mylovanov (University of Pennsylvania)
Andriy Zapechelnyuk (Queen Mary, University of London)
[View Abstract] [Download Preview]
Trading Dynamics in the Market for Lemons
Ayca Kaya (University of Iowa)
Kyungmin Kim (University of Iowa)
[View Abstract] [Download Preview]

Jan 05, 2014 8:00 am, Pennsylvania Convention Center, 102-A
Labor & Employment Relations Association
Human Capital at Work: Talent, Skills (J5)
Presiding: Mark Price (Keystone Research Center)
Skill Demands and Mismatch in U.S. Manufacturing: Evidence and Implications
Andrew Weaver (Massachusetts Institute of Technology)
Paul Osterman (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Learning through the Lens of your Job: Employee Commitment and Firm-Specific Human Capital
Colleen Flaherty Manchester (University of Minnesota)
Qianyun Xie (University of Minnesota)
[View Abstract] [Download Preview]
Task-Specific Experience Versus Task-Specific Talent
Jason B. Cook (Cornell University)
Richard Mansfield (Cornell University)
[View Abstract] [Download Preview]
Discussants:
Shulamit Kahn (Boston University)

Jan 05, 2014 8:00 am, Pennsylvania Convention Center, 104-A
Labor & Employment Relations Association
Human Capital at Work: Training (J5)
Presiding: Lawrence Mishel (Economic Policy Institute)
The Building Trades Unions, OSHA-10, and the future of union-based health and safety training
Clayton Sinyai (Center for Construction Research and Training)
[View Abstract] [Download Preview]
Hispanic Ethnicity and Work-Related Training in the Construction Industry
C. Jeffrey Waddoups (University of Nevada-Las Vegas)
[View Abstract]
Discussants:
Dale Belman (Michigan State University)

Jan 05, 2014 8:00 am, Pennsylvania Convention Center, 104-B
Labor & Employment Relations Association
Still Shifting Risk: Healthcare and Retirement (J5)
Presiding: Richard McGahey (Milano School of International Affairs)
HOW EMPLOYEE EARNINGS ARE ASSOCIATED WITH CDHP PLAN CHOICE
David William Jordan (Slippery Rock University)
[View Abstract] [Download Preview]
Retirement (In)Security: What's a Union to Do?
Julia A. Cottle (SEIU Local 1000)
Sarah Zimmerman (SEIU Local 1000)
[View Abstract]
Explaining the Historic Decline in Retirement Account Coverage between 2001-2012: The Power of State-Level Variables
Teresa Ghilarducci (New School)
Joelle Saad-Lessler (New School)
Lauren Schmitz (New School)
Anthony Bonen (New School)
[View Abstract] [Download Preview]
Discussants:
Howard Wial (University of Illinois-Chicago)

Jan 05, 2014 8:00 am, Philadelphia Marriott, Meeting Room 306
National Economic Association
Gender, Race and Economic Development (J1)
Presiding: Marie Mora (University of Texas-Pan American)
Gender and Business Outcomes of Black and Hispanic Entrepreneurs in the United States
Alberto Davila (University of Texas-Pan American)
Marie T. Mora (University of Texas-Pan American)
[View Abstract]
Race and Gender Heterogeneity in the Impact of English Language Learning Students on Native Students' Performance. The North Carolina Experience.
Timothy M. Diette (Washington and Lee University)
Ruth Uwaifo Oyelere (Georgia Institute of Technology)
[View Abstract] [Download Preview]
Gender And Firm Performance in Nigeria: Implication of Entrepreneurship
Juliet U. Elu (Morehouse College)
[View Abstract] [Download Preview]
Women and Development: The Case of Tunisia
Mina Baliamoune-Lutz (University of North Florida)
[View Abstract]
Discussants:
John Karikari (Government Accountability Office)
Kwabena Gyimah-Brempong (University of South Florida)
Una Okonkwo Osili (Indiana University-Purdue University-Indianapolis)
Malokele Nanivazo (United Nations University)

Jan 05, 2014 8:00 am, Loews Philadelphia Hotel, Washington A
Society for the Study of Emerging Markets
The Growing Role of Emerging Market Economies in the Global Economy (F6) (Panel Discussion)
Panel Moderator: Ali Kutan (Southern Illinois University-Edwardsville)
Daron Acemoglu (Massachusetts Institute of Technology)
Andrew Karolyi (Cornell University)
Ayhan Kose (International Monetary Fund)
Sergio Schmukler (World Bank)

Jan 05, 2014 8:00 am, Loews Philadelphia Hotel, Tubman
Union for Radical Political Economists/International Association for Feminist Economics
Globalization, Gender and Development (F6)
Presiding: Linda Lucas (University of South Florida)
Towards Feminist Ecological New Developmentalism: A Conversation on Ends and Means
Gunseli Berik (University of Utah)
[View Abstract]
Revisiting the Accounting for Women's Work Project: What Difference Does it Make and the Challenges Ahead
Maria S. Floro (American University)
[View Abstract]
Globalization and the Deterioration of Labor Market Conditions: The Effects of the Economic Crisis on Gender Equality in Spain
Lourdes Beneria (Cornell University)
[View Abstract] [Download Preview]
The Commodified Womb, Neoliberalism and the White Heteronormative Family
Gillian Hewitson (University of Sydney)
[View Abstract]
Discussants:
Linda Lucas (University of South Florida)
Ghazal Zulfiqar (University of Massachusetts-Boston)

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 204-C
American Economic Association
Advances in Open Macroeconomics (F3)
Presiding: Jaume Ventura (CREI, UPF, and Barcelona GSE)
International Liquidity and Exchange Rate Dynamics
Xavier Gabaix (New York University)
Matteo Maggiori (New York University)
[View Abstract] [Download Preview]
Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out Effects
Fernando Broner (CREI, UPF, and Barcelona GSE)
Aitor Erce (European Stability Mechanism)
Alberto Martin (CREI, UPF, and Barcelona GSE)
Jaume Ventura (CREI, UPF, and Barcelona GSE)
[View Abstract] [Download Preview]
Rethinking Optimal Currency Areas
Varadarajan Chari (University of Minnesota)
Alessandro Dovis (Pennsylvania State University and Princeton University)
Patrick Kehoe (University of Minnesota)
[View Abstract] [Download Preview]
A Theory of Macroprundential Policies in the Presence of Nominal Rigidities
Ivan Werning (Massachusetts Institute of Technology)
Emmanuel Farhi (Harvard University)
[View Abstract]
Discussants:
Kenneth Rogoff (Harvard University)
Philipp Schnabl (New York University)
Oleg Itskhoki (Princeton University)
Jaume Ventura (CREI, UPF, and Barcelona GSE)

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 105-B
American Economic Association
Aggregate Models in International Economics (F4)
Presiding: Jonathan Heathcote (Federal Reserve Bank of Minneapolis)
Assessing International Efficiency
Jonathan Heathcote (Federal Reserve Bank of Minneapolis)
Fabrizio Perri (Universita Bocconi)
[View Abstract] [Download Preview]
International Debt Deleveraging
Luca Fornaro (CREI, UPF and Barcelona GSE)
[View Abstract] [Download Preview]
Technological Change, International Sourcing and the Joint Impact on Productivity
Andreas Moxnes (Dartmouth College)
Karen Helene Ulltveit-Moe (University of Oslo)
Esther Ann Boler (University of Oslo)
[View Abstract]
Offshoring, Low-Skilled Immigration and Labor Market Polarization
Federico S. Mandelman (Federal Reserve Bank of Atlanta)
Andrei Zlate (Federal Reserve Board)
[View Abstract] [Download Preview]
Real Exchange Rate Dynamics -- The Role of Monetary Policy
Fernanda Nechio (Federal Reserve Bank of San Francisco)
Carlos Viana de Carvalho (PUC-Rio)
[View Abstract]

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 201-C
American Economic Association
Big Data In Macroeconomics: New Insights from Large Administrative Datasets (E6)
Presiding: Fatih Guvenen (University of Minnesota and NBER)
Where is the Land of Opportunity? The Geography of Intergenerational Mobility in the United States
Raj Chetty (Harvard University and NBER)
Nathaniel Hendren (Harvard University and NBER)
Patrick Kline (University of California-Berkeley and NBER)
Emmanuel Saez (University of California-Berkeley and NBER)
[Download Preview]
The Distribution of Lifetime Incomes in the United States
Fatih Guvenen (University of Minnesota and NBER)
Greg Kaplan (Princeton University and NBER)
Jae Song (Social Security Association)
[View Abstract]
Tax Reforms and Intertemporal Shifting of Wage Income: Evidence from Danish Monthly Payroll Records
Claus Thustrup Kreiner (University of Copenhagen, CESifo and CEPR)
Soren Leth-Petersen (University of Copenhagen and SFI)
Peer Skov (University of Copenhagen and Rockwool Foundation Research Unit)
[View Abstract] [Download Preview]

Jan 05, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon K
American Economic Association
Credit and Collateral (G2)
Presiding: Aubhik Khan (Ohio State University)
Patents as Collateral and Directed Technical Change
Ufuk Akcigit (University of Pennsylvania)
Murat Alp Celik (University of Pennsylvania)
Guillermo Ordonez (University of Pennsylvania)
[View Abstract]
Rising Intangible Capital, Shrinking Debt Capacity and the United States Corporate Savings Glut
Jae W. Sim (Federal Reserve Board)
Antonio Falato (Federal Reserve Board)
Dalida Kadyrzhanova (University of Maryland)
[View Abstract]
From Wall Street to Main Street: The Impact of the Financial Crisis on Consumer Credit Supply
Rodney Ramcharan (Federal Reserve Board)
Stephane Verani (Federal Reserve Board)
Skander Van den Heuvel (Federal Reserve Board)
[View Abstract] [Download Preview]
Business Cycle Implications of Mortgage Spreads
Karl Walentin (Sveriges Riksbank)
[View Abstract] [Download Preview]
Estimating Changes in Supervisory Standards and Their Economic Effects
Seung Jung Lee (Federal Reserve Board)
William F. Bassett (Federal Reserve Board)
Thomas W. Spiller (Federal Reserve Board)
[View Abstract] [Download Preview]

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 103-A
American Economic Association
Economic Impacts of Natural Disasters (Q5)
Presiding: Michael Greenstone (Massachusetts Institute of Technology)
The Economic Impact of Hurricane Katrina on its Victims: Evidence from Individual Tax Returns
Tatyana Deryugina (University of Illinois-Urbana-Champaign)
Laura Kawano (US Department of the Treasury)
Steven Levitt (University of Chicago)
[View Abstract] [Download Preview]
Storms and Jobs: The Effect of Hurricanes on Individuals' Employment and Earnings Over the Long Term
Jeffrey Groen (US Bureau of Labor Statistics)
Mark Kutzbach (US Census Bureau)
Anne Polivka (US Bureau of Labor Statistics)
[View Abstract]
Taken by Storm: Business Survival in the Aftermath of Hurricane Katrina
Emek Basker (University of Missouri)
Javier Miranda (US Census Bureau)
[View Abstract] [Download Preview]
Determinants of Birth Outcomes: A Study Using Variation in Tornado Exposure
Anca Grecu (Seton Hall University)
[View Abstract] [Download Preview]
Discussants:
Jesse Gregory (University of Wisconsin-Madison)
Till von Wachter (University of California-Los Angeles)
Chad Syverson (University of Chicago)
Emilia Simeonova (Johns Hopkins University)

Jan 05, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon A
American Economic Association
Education, Human Capital and Gender (J16)
Presiding: Kevin Lang (Boston University)
Labour Market Decisions of Immigrant Households
Alicia Adsera (Princeton University)
Ana Ferrer (University of Waterloo)
[View Abstract]
All for One? Family Size and Children's Educational Distribution under Credit Constraints
Jeanne Lafortune (Universidad Catolica de Chile)
Soohyung Lee (University of Maryland)
[View Abstract] [Download Preview]
Do Single Sex Schools Make Girls More Competitive?
Soohyung Lee (University of Maryland)
Muriel Niederle (Stanford University)
Namwook Kang (Hoseo University)
[View Abstract]
Gender Peer Effects: Evidence from the Transition from Single-Sex to Coeducational High Schools
Jungmin Lee (Sogang University)
Hye Yeon Park (Sogang University)
[View Abstract] [Download Preview]
Discussants:
Laura Argys (University of Colorado-Denver)
Sarah Turner (University of Virginia)
Daniele Paserman (Boston University)
Cher Li (Colorado State University)

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 201-B
American Economic Association
Growth, Innovation and Trade (O4)
Presiding: Paul Romer (New York University)
Firm Heterogeneity and Aggregate Welfare
Marc J. Melitz (Harvard University)
Stephen J. Redding (Princeton University)
[View Abstract] [Download Preview]
Creative Destruction and Subjective Well-Being
Philippe Aghion (Harvard University)
Ufuk Akcigit (University of Pennsylvania)
Angus Deaton (Princeton University)
Alexandra Roulet (Harvard University)
[View Abstract] [Download Preview]
Trapped Factors and China's Impact on Growth
Nicholas Bloom (Stanford University)
Paul Romer (New York University)
Stephen Terry (Stanford University)
John Van Reenen (London School of Economics)
[View Abstract] [Download Preview]
Life and Growth
Charles I Jones (Stanford University)
[View Abstract] [Download Preview]

Jan 05, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon B
American Economic Association
Household Finance (G1)
Presiding: John Campbell (Harvard University)
Getting Better: Learning to Invest in an Emerging Stock Market
John Y. Campbell (Harvard University)
Tarun Ramadorai (University of Oxford)
Benjamin Ranish (Harvard University)
[View Abstract] [Download Preview]
The Costs and Benefits of Financial Advice
Steve Foerster (University of Western Ontario)
Juhani Linnainmaa (University of Chicago)
Brian Melzer (Northwestern University)
Alessandro Previtero (University of Western Ontario)
[View Abstract]
Labor Market Experiences and Portfolio Choice: Evidence from the Finnish Great Depression
Samuli Knüpfer (London Business School)
Elias Rantapuska (Aalto University)
Matti Sarvimäki (Aalto University)
[View Abstract] [Download Preview]
Heterogeneous Investment Behavior in a Mandatory Pension Plan: The Role of Cognitive and Non-cognitive Skills
Erik Lindqvist (Stockholm School of Economics and IFN)
Roine Vestman (Stockholm University and SIFR)
[View Abstract]
Discussants:
Tyler Shumway (University of Michigan)
Antoinette Shoar (Massachusetts Institute of Technology)
Stefan Nagel (Stanford University)
Shawn A. Cole (Harvard Business School)

Jan 05, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon C
American Economic Association
Inattention and Experiments (D8)
Presiding: Filip Matejka (CERGE-EI)
Revealed Preference, Rational Inattention, and Costly Information Processing
Andrew Caplin (New York University)
Mark Dean (Brown University)
[View Abstract] [Download Preview]
Attention Discrimination: Theory and Field Experiments
Vojtech Bartos (CERGE-EI)
Michal Bauer (CERGE-EI, Charles University)
Julie Chytilova (Charles University)
Filip Matejka (CERGE-EI)
[View Abstract]
Correlated Shocks in Keynesian Beauty Contest Game: An Experimental Study
Jess Benhabib (New York University)
John Duffy (University of Pittsburgh)
Rosemarie Nagel (ICREA and Universitat Pomepu Fabra)
[View Abstract]
Discussants:
Dirk Bergemann (Yale University)
Colin Camerer (California Institute of Technology)
Cars Hommes (University of Amsterdam)

Jan 05, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon J
American Economic Association
Labor Markets and Occupational Choice (J2)
Presiding: Peter McHenry (College of William & Mary)
Defined Contributions Pensions And Retirement During the Financial Crisis: A Natural Experiment
Matthew Gustafson (Pennsylvania State University)
[View Abstract] [Download Preview]
Medical Care Spending and Labor Market Outcomes: Evidence from Workers' Compensation Reforms
David Powell (RAND)
Seth Seabury (University of Southern California)
[View Abstract] [Download Preview]
The Impact of Eliminating Affirmative Action on Minority and Female Employment: A Natural Experiment Approach Using State-Level Affirmative Action Laws and EEO-4 Data
Fidan Ana Kurtulus (University of Massachusetts-Amherst and Harvard University)
[View Abstract]
Broadband in the Labor Market: The Impact of Residential High Speed Internet on Married Women's Labor Force Participation
Lisa J. Dettling (Federal Reserve Board)
[View Abstract] [Download Preview]
Education, Professional Choice and Labour Market Outcomes: Influence of Preferences, Parental Background and Labour Market Tightness
Natalia Kyui (Bank of Canada)
Veronique Simonnet (Centre d'Etudes de l'Emploi (CEE), Paris School of Economics (PSE) et University Paris 1 Panthéon-Sorbonne)
[View Abstract] [Download Preview]

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 203-B
American Economic Association
Liquidity Supply and Asset Prices (G1)
Presiding: Dimitri Vayanos (London School of Economics)
Demand for Crash Insurance, Intermediary Constraints, and Stock Return Predictability
Hui Chen (Massachusetts Institute of Technology)
Scott Joslin (University of Southern California)
Sophie Ni (Hong Kong University of Science and Technology)
[View Abstract] [Download Preview]
Convective Risk Flows in Commodity Futures Markets
Ing-Haw Cheng (Dartmouth College)
Andrei Kirilenko (Massachusetts Institute of Technology)
Wei Xiong (Princeton University)
[View Abstract]
Liquidity Risk and the Dynamics of Arbitrageur Capital
Peter Kondor (Central European University)
Dimitri Vayanos (London School of Economics)
[View Abstract]
Discussants:
Motohiro Yogo (Federal Reserve Bank of Minneapolis)
Robin Greenwood (Harvard University)
Darrell D. Duffie (Stanford University)

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 204-A
American Economic Association
Market Design for Auction Markets (D7)
Presiding: Paul Milgrom (Stanford University)
The VCG Auction in Theory and in Practice
Hal Varian (Google)
Chris Harris (Google)
[View Abstract] [Download Preview]
Market Design and the Evolution of the Combinatorial Clock Auction
Lawrence Ausubel (University of Maryland)
Oleg Baranov (University of Colorado)
[View Abstract]
The Continuous Combinatorial Ascending Price Auction
Charles R. Plott (California Institute of Technology)
[View Abstract] [Download Preview]
Deferred Acceptance Heuristic Auctions and United States Spectrum Repurposing
Paul Milgrom (Stanford University)
Ilya Segal (Stanford University)
[View Abstract]
Discussants:
Alvin E. Roth (Stanford University)
Tayfun Sonmez (Boston College)

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 203-A
American Economic Association
Measuring Financial Variables in the System of National Accounts (A1)
Presiding: W. Diewert (University of British Columbia)
Voyage Accounting, User Costs and the Treatment of Financial Transactions in the Theory of the Firm
W. Erwin Diewert (University of British Columbia)
[View Abstract] [Download Preview]
Technological Progress, the "User Cost of Money" and the Real Output of Banks
Susanto Basu (Boston College)
Christina Wang (Federal Reserve Bank of Boston)
[View Abstract] [Download Preview]
Production of Financial Services in the U.S. Economy: Completing the Picture of Credit Intermediation
Carol Corrado (The Conference Board)
Marshall Reinsdorf (US Bureau of Economic Analysis)
Kyle Hood (US Bureau of Economic Analysis)
[View Abstract] [Download Preview]
Financial Services Output in the National Accounts: Evidence from United States Banking Data
Kim Zieschang (International Monetary Fund)
Dennis Fixler (US Bureau of Economic Analysis)
[View Abstract] [Download Preview]
Discussants:
Susanto Basu (Boston College)
Dennis Fixler (Bureau of Economic Analysis)
Kim Zieschang (International Monetary Fund)
Marshall Reinsdorf (Bureau of Economic Analysis)

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 103-C
American Economic Association
New Perspectives on the Returns to College (I2)
Presiding: David Card (University of California-Berkeley)
Personality, IQ, and Lifetime Earnings
Miriam Gensowski (University of Copenhagen)
[View Abstract] [Download Preview]
Labor Market Returns to Community College in Michigan
Susan M. Dynarski (University of Michigan)
Brian Jacob (University of Michigan)
Daniel Kreisman (University of Michigan)
[View Abstract]
Heterogeneous Paths Through College: Detailed Patterns and Relationships with Graduation and Earnings
Rodney J. Andrews (University of Texas-Dallas)
Jing Li (University of Tulsa)
Michael F. Lovenheim (Cornell University)
Disaggregating the Returns to College
Amanda Yvonne Agan (Princeton University)
[View Abstract]
Discussants:
Jeffrey Smith (University of Michigan)
Stephanie Cellini (George Washington University)
Joshua Kinsler (University of Rochester)
Peter Bergman (Columbia University-Teachers College)

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 202-B
American Economic Association
Price Stickiness: Causes and Consequences (E3)
Presiding: Peter Klenow (Stanford University)
Explicit Evidence on an Implicit Contract
Andrew T. Young (West Virginia University)
Daniel Levy (Bar-Ilan University)
[View Abstract]
The Effects of Price Endings on Price Rigidity: Evidence from VAT Changes
Edward S. Knotek II (Federal Reserve Bank of Cleveland)
Doron Sayag (Israel Central Bureau of Statistics)
Avichai Snir (Netanya Academic College)
[View Abstract]
Rational Inattention, Multi-Product Firms and the Neutrality of Money
Ernesto Pasten (Bank of Chile and Toulouse School of Economics)
Raphael Schoenle (Brandeis University)
[View Abstract] [Download Preview]
Real Rigidities and Nominal Price Changes
Peter J. Klenow (Stanford University)
Jonathan L. Willis (Federal Reserve Bank of Kansas City)
[View Abstract]
Discussants:
Benjamin Malin (Federal Reserve Bank of Minneapolis)
Eric Anderson (Northwestern University)
Oleksiy Kryvtsov (Bank of Canada)
Etienne Gagnon (Federal Reserve Board)

Jan 05, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon E
American Economic Association
Providing Evidence-Based Policy Advice (A2) (Panel Discussion)
Panel Moderator: Klaus Zimmermann (IZA and Bonn University)
Richard Blundell (University College London)
Richard B. Freeman (Harvard University)
Daniel S. Hamermesh (University of Texas-Austin and Royal Holloway, University of London)
James J. Heckman (University of Chicago)
Robert Moffitt (Johns Hopkins University)

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 201-A
American Economic Association
Structural Change, International Trade, and Real Exchange Rate (O4)
Presiding: Enrique Mendoza (University of Pennsylvania)
Global Imbalances and Structural Change in the United States
Kim Ruhl (New York University)
Timothy Kehoe (University of Minnesota)
Joseph Steinberg (University of Toronto)
[View Abstract]
Do Falling Iceberg Costs Explain Recent United States Export Growth?
George A. Alessandria (Federal Reserve Bank of Philadelphia)
Horag Choi (Monash University)
[View Abstract]
Relative Prices and Sectoral Productivity
Diego Restuccia (University of Toronto)
Margarida Duarte (University of Toronto)
[View Abstract]
International Competitiveness and Monetary Policy
Paul Bergin (University of California-Davis)
Giancarlo Corsetti (Cambridge University)
[View Abstract]
Discussants:
Douglas Gollin ((Williams College))
Kei-Mu Yi (Federal Reserve Bank of Minneapolis)
Vivian Yue (Federal Reserve Board)
Yongseok Shin (Washington University-St Louis)

Jan 05, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon F
American Economic Association
Theory and Measurement of Intangible Capital (E2)
Presiding: Edward Prescott (Arizona State University)
A Reassessment of Real Business Cycle Theory
Ellen R. McGrattan (Federal Reserve Bank of Minneapolis)
Edward C. Prescott (Arizona State University)
[View Abstract] [Download Preview]
Customer Capital over the Business Cycle
Francois Gourio (Boston University)
Leena Rudanko (Boston University)
[View Abstract]
The Value and Ownership of Intangible Capital
Andrea Eisfeldt (University of California-Los Angeles)
Dimitris Papanikolaou (Northwestern University)
[View Abstract]
Discussants:
Dirk Krueger (University of Pennsylvania)
Lukasz Drozd (University of Pennsylvania)
Andrew Atkeson (University of California-Los Angeles)

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 202-A
American Economic Association
Topics in Treasury Markets (G1)
Presiding: Monika Piazzesi (Stanford University)
Risk Premia in the 8:30 Economy
Jon Faust (Johns Hopkins University)
Jonathan Wright (Johns Hopkins University)
[View Abstract]
The Impact of Quantitative Easing on the United States Term Structure of Interest Rates
Robert Jarrow (Cornell University)
Hao Li (Cornell University)
[View Abstract] [Download Preview]
Risk and Return Trade-Off in the United States Treasury Markets
Eric Ghysels (University of North Carolina-Chapel Hill)
Anh Le (University of North Carolina-Chapel Hill)
Sunjin Park (University of North Carolina-Chapel Hill)
Haoxiang Zhu (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Trend and Cycle in Bond Premia
Monika Piazzesi (Stanford University)
Juliana Salomao (Stanford University)
Martin Schneider (Stanford University)
[View Abstract] [Download Preview]
Discussants:
Pierluigi Balduzzi (Boston College)
Tobias Adrian (Federal Reserve Bank of New York)
Torben Andersen (Northwestern University)
Gregory Duffee (Johns Hopkins University)

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 204-B
American Economic Association
Understanding the Auction Process: New Theories and Empirical Evidence (L2)
Presiding: Ulrike Malmendier (University of California-Berkeley)
Sales Mechanisms in Online Markets: What Happened to Internet Auctions?
Liran Einav (Stanford University)
Chiara Farronato (Stanford University)
Jonathan Levin (Stanford University)
Neel Sundaresan (eBay Research Labs)
[View Abstract] [Download Preview]
Bid Takers or Market Makers? The Effect of Auctioneers on Auction Outcomes
Nicola Lacetera (University of Toronto)
Bradley Larsen (Massachusetts Institute of Technology)
Devin G. Pope (University of Chicago)
Justin R. Sydnor (University of Wisconsin - Madison)
[View Abstract] [Download Preview]
"Setting the Tone" and "Drawing the Line" in Chittagong Tea Auctions
Tanjim Hossain (University of Toronto)
Fahad Khalil (University of Washington)
Matthew Shum (California Institute of Technology)
[View Abstract] [Download Preview]
Noise Bidders in Auctions
Ulrike Malmendier (University of California-Berkeley)
Adam Szeidl (Central European University)
[View Abstract]
Discussants:
David Reiley (Google Inc.)
Jennifer Brown (Northwestern University)
Mallesh Pai (University of Pennsylvania)
Steven Tadelis (University of California-Berkeley and eBay Research Labs)

Jan 05, 2014 10:15 am, Loews Philadelphia Hotel, Regency Ballroom A
American Finance Association
A Woman's Touch: Women in Senior Leadership Positions (G3)
Presiding: Paola Sapienza (Northwestern University)
Breaking the Glass Ceiling: The Effect of Board Quotas on Female Labor Market Outcomes in Norway
Marianne Bertrand (University of Chicago)
Sandra Black (University of Texas-Austin)
Sissel Jensen (Norwegian School of Economics)
Adriana Lleras-Muney (University of California-Los Angeles)
Lehman Sisters
Renne Adams (University of New South Wales)
Vanitha Raguratham (University of Queensland)
[View Abstract] [Download Preview]
What Drives Women Out of Entrepreneurship? The Joint Role of Testosterone and Culture
Luigi Guiso (Einaudi Institute for Economics and Finance )
Aldo Rustichini (University of Minnesota)
[View Abstract]
Discussants:
Lori Beaman (Northwestern University)
Geoffrey Tate (University of North Carolina)
David A. Matsa (Northwestern University)
David Cesarini (New York University)

Jan 05, 2014 10:15 am, Loews Philadelphia Hotel, Commonwealth Hall D
American Finance Association
Financial Analysts (G1)
Presiding: Harrison Hong (Princeton University)
Does the Size of Sell-Side Analyst Industry Matter? An Examination of Bias, Accuracy and Information Content of Analyst Reports
Kenneth Merkley (Cornell University)
Roni Michaely (Cornell University)
Joseph Pacelli (Cornell University)
[View Abstract] [Download Preview]
On the Performance of Financial Analysts
Byoung-Hyoun Hwang (Purdue University)
Jose Liberti (DePaul University)
Jason Sturgess (DePaul University)
[View Abstract] [Download Preview]
Is Sell-Side Research More Valuable in Bad Times?
Roger Loh (Singapore Management University)
René M. Stulz (Ohio State University)
[View Abstract] [Download Preview]
Common Analyst -Based Method for Defining Peer Firms
Markku Kaustia (Aalto University)
Ville Rantala (Aalto University)
[View Abstract] [Download Preview]

Jan 05, 2014 10:15 am, Loews Philadelphia Hotel, Commonwealth Hall B
American Finance Association
High Frequency Trading (G1)
Presiding: Barbara Rindi (Bocconi University and IGIER)
High Frequency Quoting: Short-Term Volatility in Bids and Offers
Joel Hasbrouck (New York University)
[View Abstract] [Download Preview]
Tick Size Constraints, Market Structure, and Liquidity
Jiading Gai (University of Illinois-Urbana Champaign)
Chen Yao (University of Warwick)
Mao Ye (University of Illinois-Urbana Champaign)
[View Abstract] [Download Preview]
High-frequency Trading around Macroeconomic News Announcements: Evidence from the US Treasury Market
George Jiang (Washington State University)
Ingrid Lo (Bank of Canada)
Giorgio Valente (University of Essex)
[View Abstract] [Download Preview]
Discussants:
Jeffrey Russell (University of Chicago)
Gideon Saar (Cornell University)
Charles Jones (Columbia University)

Jan 05, 2014 10:15 am, Loews Philadelphia Hotel, Regency Ballroom B
American Finance Association
Managerial Agency Costs (G3)
Presiding: Bruce Carlin (University of California-Los Angeles)
Does Family Control Matter? International Evidence from the 2008-2009 Financial Crisis
Karl V. Lins (University of Utah)
Paolo Volpin (London Business School)
Hannes F. Wagner (Bocconi University)
[View Abstract] [Download Preview]
Performance Share Plans: Valuation, Optimal Design, and Empirical Tests
Craig W. Holden (Indiana University)
Daniel S. Kim (Peking University)
[View Abstract] [Download Preview]
The Agency Costs of Managerial Indiscretions: Sex, Lies, and Firm Value
Brandon N. Cline (Mississippi State University)
Ralph A. Walkling (Drexel University)
Adam S. Yore (Northern Illinois University)
[View Abstract] [Download Preview]
Discussants:
Margarita Tsoutsoura (University of Chicago)
Barney Hartman-Glaser (Duke University)
Amit Seru (University of Chicago)

Jan 05, 2014 10:15 am, Loews Philadelphia Hotel, Commonwealth Hall C
American Finance Association
Managerial Incentives II (G3)
Presiding: Bilge Yilmaz (University of Pennsylvania)
Swinging for the Fences: Executive Reactions to Quasi-Random Option Grants
Kelly Shue (University of Chicago)
Richard Townsend (Dartmouth College)
[View Abstract] [Download Preview]
Management Influence on Investors: Evidence from Shareholder Votes on the Frequency of Say on Pay
Fabrizio Ferri (Columbia University)
[View Abstract] [Download Preview]
Information Acquisition, Resource Allocation and Managerial Incentives
Oguzhan Ozbas (University of Southern California)
Heikki Rantakari (University of Southern California)
[View Abstract] [Download Preview]
Discussants:
Mark Jenkins (University of Pennsylvania)
Nadya Malenko (Boston College)
Robert Marquez (University of California-Davis)

Jan 05, 2014 10:15 am, Loews Philadelphia Hotel, Millennium Hall
American Finance Association
Payout Policy (G3)
Presiding: Roni Michaely (Cornell University)
Dividend Payments as a Response to Peer Influence
Jillian Popadak (University of Pennsylvania)
[View Abstract] [Download Preview]
The Dynamics of Investment, Payout and Debt
Bart Lambrecht (University of Cambridge)
Stewart Myers (Massachusetts Institute of Technology)
[View Abstract]
Corporate Payout, Cash Retention, and the Supply of Credit: Evidence from the 2008-09 Credit Crisis
Barbara Bliss (Florida State University)
Yingmei Cheng (Florida State University)
David Denis (University of Pittsburgh)
[View Abstract]
Payout Policy under Heterogeneous Beliefs: A Theory of Dividends versus Stock Repurchases, Price Impact, and Long-Run Stock Returns
Onur Bayar (University of Texas-San Antonio)
Thomas Chemmanur (Boston College)
Mark Liu (University of Kentucky)
[View Abstract] [Download Preview]
Discussants:
Mark Leary (Washington University-St. Louis)
Jean-Charles Rochet (University of Zurich)
Michael Roberts (University of Pennsylvania)
Anjan Thakor (Washington University-St. Louis)

Jan 05, 2014 10:15 am, Loews Philadelphia Hotel, Washington A
American Real Estate & Urban Economic Association
Neighborhoods, Amenities, and Education (R2)
Presiding: Stephen Ross (University of Connecticut)
Do Art Galleries Transform Neighborhoods?
Jenny Schuetz (University of Southern California)
[View Abstract] [Download Preview]
High Stakes in the Classroom, High Stakes on the Street: The Effects of Community Violence on Students' Standardized Test Performance
Ingrid Gould Ellen (New York University)
Johanna Lacoe (University of Southern California)
Amy Schwartz (New York University)
Patrick Sharkey (New York University)
[View Abstract]
Strong versus Weak Ties in Education
Eleonora Patacchini (Syracuse University)
Edoardo Rainone (Banca d'Italia and La Sapienza University of Rome)
Yves Zenou (Stockholm University)
[View Abstract]
Gayborhoods: Economic Development and the Concentration of Same-sex Couples in Neighborhoods Within Large American Cities
Janice Madden (University of Pennsylvania)
Matt Ruther (University of Colorado)
[View Abstract] [Download Preview]
Discussants:
Gabrielle Fack (Universitat Pompeu Fabra)
Rebecca Diamond (Stanford University)
Adi Mayer (Washington College)
Susane Leguizamon (Western Kentucky University)

Jan 05, 2014 10:15 am, Loews Philadelphia Hotel, Washington B
American Real Estate & Urban Economic Association
Real Estate Market Microstructure (R4)
Presiding: Joseph Gyourko (University of Pennsylvania)
What is the Role of the Asking Price for a House?
Lu Han (University of Toronto)
William Strange (University of Toronto)
[View Abstract] [Download Preview]
On Optimal Acceptance Strategies in Real Estate
Thomas Emmerling (Syracuse University)
Abdullah Yavas (University of Wisconsin-Madison)
Yildiray Yildirim (Syracuse University)
[View Abstract]
How Many Listings Are Too Many? The Impact of Agent Inventory Externalities
Xun Bian (Longwood University)
Geoffrey Turnbull (University of Central Florida)
Bennie Waller (Longwood University)
Scott Wentland (Longwood University)
[View Abstract]
Timing the Housing Market
Todd Sinai (University of Pennsylvania)
Cindy Soo (University of Michigan)
[View Abstract]
Discussants:
Christopher Mayer (Columbia University)
Cindy Soo (University of Michigan)
Andrew Paciorek (Federal Reserve Board of Governors)
Andrew Haughwout (Federal Reserve Bank of New York)

Jan 05, 2014 10:15 am, Loews Philadelphia Hotel, Washington C
American Real Estate & Urban Economic Association
Urban Public Policy (R5)
Presiding: Leah Brooks (Federal Reserve Board)
Did the Stand Your Ground Law Make Floridians More Trigger Happy?
Mouhcine Guettabi (University of Alaska-Anchorage)
Harounan Kazianga (Oklahoma State University)
Abdul Munasib (Oklahoma State University)
[View Abstract]
The Effects of School Impact Fees on Commercial and Residential Land Values
Gregory Burge (University of Oklahoma)
[View Abstract] [Download Preview]
Distributional Effects of the Federal Empowerment Zone Program
C. Lockwood Reynolds (Kent State University)
Shawn Rohlin (Kent State University)
[View Abstract] [Download Preview]
Redistribution, Delegation, and Regulators' Incentives: Evidence from the Clean Air Act
Antonio M. Bento (Cornell University)
Matthew Freedman (Cornell University)
Corey Lang (University of Rhode Island)
[View Abstract] [Download Preview]
Discussants:
Erdal Tekin (Georgia State University)
John Anderson (University of Nebraska-Lincoln)
Zackary Hawley (Texas Christian University)
Justin Gallagher (Case Western University)

Jan 05, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon I
Association for Comparative Economic Studies
Financial Stability and Cross-Border Capital Flows During the Great Recession (F3)
Presiding: Paul Wachtel (New York University)
The Euro and the Geography of International Debt Flows
Galina B. Hale (Federal Reserve Bank of San Francisco)
Maurice M. Obstfeld (University of California-Berkeley)
[View Abstract] [Download Preview]
Banking in Emerging Europe: A Bank Level Balance Sheet View
Marcel Tirpak (European Central Bank)
Adrian Babin (Charles University Prague)
[View Abstract] [Download Preview]
Powerful Parents? The Local Impact of Banks' Global Business Models
Ralph De Haas (EBRD)
Karolin Kirschenmann (Aalto University)
[View Abstract] [Download Preview]
Does Excessive Liquidity Creation Trigger Bank Failures?
Zuzana Fungacova (Bank of Finland)
Rima Turk Ariss (Lebanese American University)
Laurent Weill (University of Strasbourg)
[View Abstract]
Discussants:
Timo Korkeamäki (Hanken School of Economics)
Vladimir Sokolov (Higher School of Economics Moscow)
Iikka Korhonen (Bank of Finland)
Christopher A. Hartwell (Moskow School of Management SKOLKOVO)

Jan 05, 2014 10:15 am, Loews Philadelphia Hotel, Regency Ballroom C1
Association for Evolutionary Economics
Social Control and Sustainability (B5)
Presiding: Janice Peterson (California State University-Fresno)
Institutions of Economics and Institutions in the Economy
David Dequech (University of Campinas)
[View Abstract]
Towards the Institutional Legitimation of Sustainability
Daniel Underwood (Peninsula College)
Dan Friesner (North Dakota State University)
Jason Cross (University of Washington)
[View Abstract]
Re-Imagining Climate Change Remediation by Monetary Authorities
F. Gregory Hayden (University of Nebraska-Lincoln)
[View Abstract]
WPA for Today
Scott McConnell (Eastern Oregon University)
[View Abstract]
Suburban Retrofit & Keynesian Stimulus after Peak Oil
Bruce McFarling (Fortis College)
[View Abstract]
Discussants:
Janice Peterson (California State University)
Eric Hake (Catawba College)

Jan 05, 2014 10:15 am, Loews Philadelphia Hotel, Congress A
Association for Social Economics
Law and Social Economics: Applications (K1)
Presiding: Andrew Yuengert (Pepperdine University)
The Impact of Laws on the Egyptian Economic Performance, 1960-2010
Eman Selim (Tanta University)
[View Abstract] [Download Preview]
Divergent Outcomes of Land Rights Claims of Indigenous Peoples in the United States
Wayne Edwards (Middlebury College)
[View Abstract]
The Language of Social Constraints
David George (La Salle University)
[View Abstract]
Institutionalist Method and Forensic Proof
Robert M. LaJeunesse (Equal Employment Opportunity Commission)
[View Abstract] [Download Preview]

Jan 05, 2014 10:15 am, Philadelphia Marriott, Grand Ballroom - Salon L
Association of Environmental & Resource Economists
Habit Formation and Voluntary Approaches to Environmental Policy (Q5)
Presiding: John List (University of Chicago)
Pigouvian Taxes with Intermittent Billing and Habits
Benjamin Gilbert (University of Wyoming)
Joshua Graff Zivin (University of California-San Diego)
[View Abstract] [Download Preview]
Third Party Certification and the Effectiveness of Voluntary Pollution Abatement Programs: Evidence from Responsible Care
Martina Vidovic (Rollins College)
Neha Khanna (Binghamton University)
Michael Delgado (Purdue University)
[View Abstract] [Download Preview]
Evaluating the Effectiveness of Voluntary Programs: Did Ohio's ToxMinus Program Affect Participants' TRI Emissions?
Charles Griffiths (US Environmental Protection Agency)
Will Wheeler (US Environmental Protection Agency)
Ann Wolverton (US Environmental Protection Agency)
[View Abstract] [Download Preview]
A Theory of Multi-Tiered Ecolabels
Thomas Lyon (University of Michigan)
Carolyn Fischer (Resources for the Future)
[View Abstract] [Download Preview]
Discussants:
Hunt Allcott (New York University)
George Deltas (University of Illinois)
Anna Alberini (University of Maryland)
Jill J. McCluskey (Washington State University)

Jan 05, 2014 10:15 am, Loews Philadelphia Hotel, Congress C
Association of Financial Economists
Corporate Investment (G3)
Presiding: Anthony Saunders (New York University)
CEO Investment Cycles
Yihui Pan (University of Utah)
Tracy Yue Wang (University of Minnesota)
Michael Weisbach (Ohio State University)
[View Abstract] [Download Preview]
Managerial Labor Market Frictions and Corporate Investment
Ashwini Agrawal (New York University)
Alexander Ljungqvist (New York University)
[View Abstract]
Corporate Financial and Investment Policies In the Presence of a Blockholder on the Board
Anup Agrawal (University of Alabama)
Tareque Nasser (Kansas State University)
[View Abstract] [Download Preview]
Discussants:
Daniel Wolfenzon (Columbia University)
Paige Ouimet (University of North Carolina-Chapel Hill)
Lalitha Naveen (Temple University)

Jan 05, 2014 10:15 am, Philadelphia Marriott, Meeting Room 401
Econometric Society
Applied Econometrics and Schooling (C1)
Presiding: Arnaud Maurel (Duke University)
Are University Admissions Academically fair?
Debopam Bhattacharya (University of Oxford)
Shin Kanaya (University of Aarhus)
Margaret Stevens (University of Oxford)
[View Abstract] [Download Preview]
Evaluating the Distributional Effects of Performance-Based Educational Policies, with an Application to Grade Retention
Xavier D'Haultfoeuille (CREST)
Arnaud Maurel (Duke University)
Jean-Marc Robin (Sciences-Po)
[View Abstract]
Identifying the Effect of Changing the Policy Threshold in Regression Discontinuity Models
Yingying Dong (University of California-Irvine)
Arthur Lewbel (Boston College)
[View Abstract] [Download Preview]
Discussants:
Aleksey Tetenov (Collegio Carlo Alberto)
Salvador Navarro (University of Western Ontario)
Pedro Carneiro (University College London)

Jan 05, 2014 10:15 am, Philadelphia Marriott, Meeting Room 402
Econometric Society
Economic Growth and Development (E2)
Presiding: David Lagakos (Arizona State University)
Economic Development and the Organization of Production
Nicolas Roys (University of Wisconsin-Madison)
Ananth Seshadri (University of Wisconsin)
[View Abstract]
Productivity Growth and Structural Transformation
Roberto Samaniego (George Washington University)
Juliana Sun (Singapore Management University)
[View Abstract] [Download Preview]
Sector Biased Technical Change, Perpetual and Transient Structural Change
Pengfei Zhang (Peking University)
[View Abstract] [Download Preview]
Do Supply Restrictions Raise the Value of Urban Land? The (Neglected) Role of Production Externalities
Satyajit Chatterjee (Federal Reserve Bank of Philadelphia)
Burcu Eyigungor (Federal Reserve Bank of Philadelphia)
[View Abstract] [Download Preview]

Jan 05, 2014 10:15 am, Philadelphia Marriott, Meeting Room 403
Econometric Society
Life-Cycle Decision-Making with Intergenerational Interactions and Health/Life Expectations (I1)
Presiding: Donna Gilleskie (University of North Carolina)
Bequest Motives in a Life-Cycle Model with Intergenerational Interactions
Loretti Isabella Dobrescu (University of New South Wales)
Fedor Iskhakov (University of New South Wales)
[View Abstract] [Download Preview]
Social Security Benefits, Life Expectancy and Early Retirement
Maria Casanova (University of California-Los Angeles)
Daifeng He (College of William and Mary)
Qi Li (University of Chicago)
Juan Pantano (Washington University-St. Louis)
[View Abstract]
The Effects of Parental Health Shocks on Adult Offspring Smoking Behavior: Evidence from a Long Panel
Michael Darden (Tulane University)
Donna Gilleskie (University of North Carolina)
[View Abstract] [Download Preview]
Discussants:
David Blau (Ohio State University)
Clement Joubert (University of North Carolina)
Dan Silverman (Arizona State University)

Jan 05, 2014 10:15 am, Philadelphia Marriott, Meeting Room 404
Econometric Society
Political Economy (F5)
Presiding: Aleh Tsyvinski (Yale University)
Endogenous Property Rights
Daniel Diermeier (Northwestern University)
Georgy Egorov (Northwestern University)
Konstantin Sonin (Higher School of Economics-Moscow)
[View Abstract] [Download Preview]
Efficiency, Welfare, and Political Competition
Felix Bierbrauer (University of Cologne)
Pierre Boyer (University of Mannheim)
[View Abstract]
Immunity
Vasiliki Skreta (New York University)
[View Abstract] [Download Preview]

Jan 05, 2014 10:15 am, Philadelphia Marriott, Meeting Room 405
Econometric Society
Pragmatic Modeling and Robust Design under Limited Probabilistic Sophistication (D8)
Presiding: Sylvain Chassang (Princeton University)
Corruption, Intimidation and Whistleblowing: A Theory of Inference from Unverifiable Reports
Sylvain Chassang (Princeton University)
Gerard Padro i Miquel (London School of Economics)
Robust Trade in Lemons Markets
Gabriel Carroll (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Media Power
Andrea Prat (Columbia University)
[View Abstract] [Download Preview]
Optimal and Efficient Parametric Auctions
Pablo D. Azar (Massachusetts Institute of Technology)
Costantinos Daskalakis (Massachusetts Institute of Technology)
Silvio Micali (Massachusetts Institute of Technology)
Matt Weinberg (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]

Jan 05, 2014 10:15 am, Philadelphia Marriott, Meeting Room 406
Econometric Society
Using Information Technology to Improve Health in Developing Countries (O1)
Presiding: Wesley Yin (Boston University)
The Returns to Anti-Counterfeiting: Evidence from Text-Message Authentication of Pharmaceuticals
Daniel Bennett (University of Chicago)
Seema Jayachandran (Northwestern University)
Wesley Yin (Boston University)
[View Abstract]
Effectiveness and Spillovers of Online Sex Education: Evidence from a Randomized Evaluation in Colombian Public Schools
Alberto Chong (University of Ottawa)
Marco Gonzalez-Navarro (University of Toronto)
Martín Valdivia (Grupo de Análisis para el Desarrollo)
Dean Karlan (Yale University)
[View Abstract]
The Effect of Monitoring on Health Care Providers in India
Iqbal Dhaliwal (JPAL, Massachusetts Institute of Technology)
Rema Hanna (Harvard University)
[View Abstract]
Discussants:
Yi Qian (Northwestern University)
Leigh Linden (University of Texas-Austin)
Simone Gabrielle Schaner (Dartmouth College)

Jan 05, 2014 10:15 am, Philadelphia Marriott, Meeting Room 307
Economic History Association
Banking (N2)
Presiding: Hugh Rockoff (Rutgers University)
American Banking and the Transportation Revolution Before the Civil War
Matthew Jaremski (Colgate University)
Jeremy Atack (Vanderbilt University)
Peter Rousseau (Vanderbilt University)
[View Abstract] [Download Preview]
Central Bank Credibility and Reputation: An Historical Exploration
Pierre Siklos (Wilfrid Laurier University)
Michael Bordo (Rutgers University)
[View Abstract] [Download Preview]
Bank Deregulation, Competition and Economic Growth: The US Free Banking Experience
Philipp Ager (University of Southern Denmark)
Fabrizio Spargoli (Erasmus University)
[View Abstract] [Download Preview]
Discussants:
Dominick Bartelme (University of California-Berkeley)
Joshua Hausman (University of Michigan)
Jonathan Rose (Federal Reserve Board)

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 105-A
International Association for Feminist Economics
Children, Family Structures, and Human Capital (B5)
Presiding: Ipek Ilkkaracan (Istanbul Technical University)
'The Dust Was Long in Settling': Human Capital and the Lasting Impact of the American Dust Bowl
Vellore Arthi (University of Oxford)
[View Abstract] [Download Preview]
The Role of Family Structure in the Evolution of Health from Adolescence to Young Adulthood by Gender
Alexander N. Slade (University of Illinois-Urbana-Champaign)
Andrea H. Beller (University of Illinois-Urbana-Champaign)
[View Abstract] [Download Preview]
Labor Market Conditions and United States Teen Birth Rates, 2001 to 2009
Robert Cherry (Brooklyn College)
Chun Wang (Brooklyn College)
[View Abstract]
Parents' Work Schedules and Time Spent with Children and Teenagers
Katie R. Genadek (University of Minnesota)
[View Abstract]
Discussants:
Robert E. Prasch (Middlebury College)
Ipek Ilkkaracan (Istanbul Technical University)
Nancy Folbre (University of Massachusetts-Amherst)

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 104-B
Labor & Employment Relations Association
Changing Conditions of Work: Garment Industry, Casinos, Self Service (J5)
Presiding: C. Waddoups (University of Nevada-Las Vegas)
Unruly Laws: Social Connection and the Economics of Homeless Criminalization
Sarah Neeley (University of Denver)
Industry Trends and Job Quality in Atlantic City's Casinos
Ellen Mutari (Richard Stockton College of New Jersey)
Deborah M. Figart (Richard Stockton College of New Jersey)
[View Abstract]
The End of the (Checkout) Line?: Automation, Self-Service, and Low-Wage Jobs in the Supermarket Industry
Christopher Andrews (Drew University)
[View Abstract] [Download Preview]
Discussants:
Elaine McCrate (University of Vermont)

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 104-A
Labor & Employment Relations Association
Improving Health Care Jobs (J5)
Presiding: Eileen Appelbaum (CEPR)
Job (In)Stability in the Long Term Care Services Sector in Europe
Marta Elvira (IESE Business School)
Stefano Visintin (IESE Business School)
Carlos Rodrigues-Lluesma (IESE Business School)
[View Abstract]
Employer Motivations for Participation in Multi-Employer Labor-Management Health Care Worker Training Programs
Sally Klingel (Cornell University)
David B. Lipsky (Cornell University)
[View Abstract] [Download Preview]
Job Opportunities in Health Care for Minorities under the Affordable Care Act
Bianca Kiyoe Frogner (George Washington University)
Joanne Spetz (University of California-San Francisco)
[View Abstract] [Download Preview]
Discussants:
Randy Albelda (University of Massachusetts-Boston)

Jan 05, 2014 10:15 am, Pennsylvania Convention Center, 102-A
Labor & Employment Relations Association
Innovations in Workforce Development and Labor Market Intermediation (J5)
Presiding: Howard Wial (University of Illinois-Chicago)
Adapting Multi-Employer Joint Apprenticeship for Advanced Manufacturing: The New App for Making It in America
Howard Wial (University of Illinois-Chicago)
[View Abstract]
The Role of Non-Profit Staffing Services in Hiring Processes: Evidence from Employer Interviews
Françoise Carré (University of Massachusetts-Boston)
Brandynn Holgate (University of Massachusetts-Boston)
[View Abstract]
Multi-Stakeholder Partnerships as High Road Labor Market Intermediaries: The Wisconsin Regional Training Partnership
Trevor Young-Hyman (University of Wisconsin-Madison)
[View Abstract]
Discussants:
Stephen Herzenberg (Keystone Research Center)

Jan 05, 2014 10:15 am, Loews Philadelphia Hotel, Regency Ballroom C2
Latin American and Caribbean Economic Association
Illegal Markets and Violence (K4)
Presiding: Jens Ludwig (University of Chicago)
Bushes and Bullets: Illegal Cocaine Markets and Violence in Colombia
Daniel Mejia (Universidad de los Andes)
Pascual Restrepo (Massachusetts Institute of Technology)
[View Abstract]
Trafficking Networks and the Mexican Drug War
Melissa Dell (Harvard University)
[View Abstract]
The Birth of the Organized Crime? The American Temperance Movement and Market-Based Violence
Emily Owens (Cornell University)
[View Abstract]
The Use of Violence in Illegal Markets: Evidence from Mahogany Trade in the Brazilian Amazon
Ariaster Chimeli (Ohio University)
Rodrigo Soares (PUC-Rio)
[View Abstract] [Download Preview]
Discussants:
Jeffrey Clemens (University of California-San Diego)
Sebastian Galiani (University of Maryland)

Jan 05, 2014 10:15 am, Philadelphia Marriott, Meeting Room 306
National Economic Association
The Economics of Race and Sports (J7)
Presiding: Kwabena Gyimah-Brempong (University of South Florida)
Social Distance, Favoritism and Referee Bias: Evidence from the FIFA World Cup.
Fernando A. Lozano (Pomona College)
[View Abstract]
The Grass is Not Always Greener: Pay Disparity at Wimbledon
Rhonda Sharpe (Duke University)
[View Abstract]
Do White NBA Players Suffer from Reverse Discrimination?
Gbenga Ajilore (University of Toledo)
[View Abstract] [Download Preview]
Compensation Discrimination for Marginal Workers: Evidence from the National Football League
Johnny C. Ducking (North Carolina A&T State University)
Peter Groothuis (Appalachian State University)
James Richard Hill (Central Michigan University)
[View Abstract] [Download Preview]
Discussants:
Patrick Mason (Florida State University)
William A. Darity, Jr. (Duke University)
Kwabena Gyimah-Brempong (University of South Florida)
Ana Cuesta (University of Minnesota)

Jan 05, 2014 10:15 am, Loews Philadelphia Hotel, Congress B
Society for Economic Dynamics
Networks in Macroeconomics and Finance (G1)
Presiding: Jennifer La'O (Columbia University)
Shock Propagation in Production Networks: Evidence from Natural Disasters
Vasco Carvalho (CREI and Universitat Pompeu Fabra)
Systemic Risk and Stability in Financial Networks
Daron Acemoglu (Massachusetts Institute of Technology)
Asuman Ozdaglar (Massachusetts Institute of Technology)
Alireza Tahbaz-Salehi (Columbia University)
[View Abstract] [Download Preview]
Optimal Disclosure and Contagion for Interconnected Banks
Fernando Alvarez (University of Chicago)
Financial Frictions in Production Networks
Saki Bigio (Columbia University)
Jennifer La'O (Columbia University)

Jan 05, 2014 10:15 am, Loews Philadelphia Hotel, Tubman
Union for Radical Political Economists
Heterodox Theories of the Business Enterprise (B5)
Presiding: Nina Shapiro (St Peter's University)
Take the Money and Run: The Business Enterprise in the Age of Money Manager Capitalism
Tae-Hee Jo (State University of New York-Buffalo State)
John F. Henry (University of Missouri-Kansas City)
[View Abstract] [Download Preview]
From Capital to Market Capitalization: Industrial Change in the Connecticut River Valley, 1998-2012
Marie Duggan (Keene State College)
[View Abstract]
Market Governance and the Boundaries of the Firm: The Case of the United States Software Industry
Erik Dean (Portland Community College)
[View Abstract]
Learning, Upgrading and Innovation in the Telecommunication Industry in Vietnam: A Rent Management Analysis
Christine Ngoc Ngo (Drew University)
[View Abstract] [Download Preview]
Impact of Firm Governance During Recessions
Kenneth Levin (City University of New York-Borough of Manhattan Community College)
[View Abstract] [Download Preview]
Discussants:
Lynne Chester (University of Sydney)
Henning Schwardt (University of Bremen)

Jan 05, 2014 1:00 pm, Philadelphia Marriott, Grand Ballroom - Salon B
American Economic Association
Accountability, Collective Action, and Information in Economic Development (O1)
Presiding: Karla Hoff (World Bank)
Community-based monitoring of schools. Evidence from Uganda
Abigail Barr (University of Nottingham)
Frederick Mugisha (Economic Policy Research Center)
Pieter Serneels (University of East Anglia)
Andrew Zeitlin (Georgetown University)
[View Abstract]
Collective Action in Diverse Sierra Leone Communities
Rachel Glennerster (Massachusetts Institute of Technology)
Edward Miguel (University of California-Berkeley)
Alexander Rothenberg (University of California-Berkeley)
[View Abstract]
Can the Poor be Organized? Evidence from Rural India
Raj M. Desai (Georgetown University)
Shareen Joshi (Georgetown University)
Anders Olofsgard (Georgetown University)
[View Abstract]
Why Women Participate Less in Civic Activity: Evidence from Mali
Jessica Gottlieb (Texas A&M University)
[View Abstract] [Download Preview]
Discussants:
Karla Hoff (World Bank)
Andrew Zeitlin (Georgetown University)

Jan 05, 2014 1:00 pm, Pennsylvania Convention Center, 103-A
American Economic Association
Deforestation, Land-Use Change and Contracts (Q5)
Presiding: Paul Scott (Tolouse School of Economics)
Demand for Deforestation in the Amazon
Eduardo A. Souza-Rodrigues (University of Toronto and Harvard University)
[View Abstract] [Download Preview]
Dynamic Discrete Choice Estimation of Agricultural Land Use
Paul T. Scott (Tolouse School of Economics)
[View Abstract] [Download Preview]
Uncertainty, Self-Selection and the Design of Subsidies: Evidence from Zambia
Elizabeth Walker (Harvard University)
B. Kelsey Jack (Tufts University)
Paulina Oliva (University of California-Santa Barbara)
Samuel Bell (Cornell University)
Christopher Severen (University of California-Santa Barbara)
[View Abstract]
Can Payments for Environmental Services Save the Forest? The Effects of an Avoided Deforestation Initiative in the Brazilian Amazon
Alan Barreca (Tulane University)
Silvia Helena Barcellos (RAND Corporation)
Leandro S. Carvalho (University of Southern California)
Michael Greenstone (Massachusetts Institute of Technology and NBER)
[View Abstract]

Jan 05, 2014 1:00 pm, Philadelphia Marriott, Grand Ballroom - Salon K
American Economic Association
Empirical Studies in International Trade (F1)
Presiding: Linda Tesar (University of Michigan)
Why Did the Equity Home Bias Fall During the Financial Panic of 2008?
Matthew M. Wynter (Ohio State University)
[View Abstract] [Download Preview]
Does Marketing Widen Borders? Cross-Country Price Dispersion in the European Car Market
Georg Strasser (Boston College)
Eyal Dvir (Boston College)
[View Abstract] [Download Preview]
Trade and Towns: On the Uneven Effects of Trade Liberalization
Marius Brülhart (University of Lausanne)
Céline Carrère (University of Geneva)
Frédéric Robert-Nicoud (University of Geneva)
[View Abstract] [Download Preview]
Trade Adjustment: Worker Level Evidence
David H. Autor (Massachusetts Institute of Technology)
David Dorn (CEMFI, Madrid)
Gordon H. Hanson (University of California-San Diego)
Jae Song (Social Security Administration)
[View Abstract] [Download Preview]
The Causal Impact of Common Native Language on International Trade: Evidence from a Spatial Regression Discontinuity Design
Peter H. Egger (ETH Zurich)
Andrea Lassmann (ETH Zurich)
[View Abstract]

Jan 05, 2014 1:00 pm, Philadelphia Marriott, Meeting Room 307
American Economic Association
Energy in the Developing World (Q4)
Presiding: Meredith Fowlie (University of California-Berkeley)
Powering Up China: The Drivers of Residential Energy Consumption
Maximilian Auffhammer (University of California-Berkeley)
Catherine Wolfram (University of California-Berkeley)
[View Abstract] [Download Preview]
The Economic Cost of Global Fuel Subsidies
Lucas Davis (University of California-Berkeley)
[View Abstract] [Download Preview]
Are Power Plants in India Less Efficient than Power Plants in the United States?
Ron H.S. Chan (University of Maryland)
Maureen Cropper (University of Maryland)
Kabir Malik (University of Maryland)
[View Abstract] [Download Preview]
Discussants:
Shanjun Li (Cornell University)
Gilbert Metcalf (Tufts University)
Jim Bushnell (University of California-Davis)

Jan 05, 2014 1:00 pm, Pennsylvania Convention Center, 103-C
American Economic Association
Experiments with Small Enterprises (O1)
Presiding: Nathan Fiala (DIW Berlin)
Win Some Lose Some? Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco
Dean Karlan (Yale University)
Manuela Angelucci (University of Michigan)
Jonathan Zinman (Dartmouth College)
[View Abstract]
Windfall or Downfall: Capital, Credit and Micro-Entrepreneurs' Returns
Cynthia Kinnan (Northwestern University)
Emily Breza (Columbia University)
Esther Duflo (Massachusetts Institute of Technology)
Abhijit Banerjee (Massachusetts Institute of Technology)
Prathap Kasina (JPAL)
[View Abstract]
Stimulating Microenterprise Growth: Results from a Loans, Grants and Training Experiment in Uganda
Nathan Fiala (DIW Berlin)
[View Abstract] [Download Preview]

Jan 05, 2014 1:00 pm, Philadelphia Marriott, Grand Ballroom - Salon J
American Economic Association
Gender in Organizational Hierarchies (J7)
Presiding: Amalia Miller (University of Virginia)
Do Female Executives Make a Difference? The Impact of Female Leadership on Firm Performance and Corporate Practices
Luca Flabbi (IDB, Georgetown University, IZA)
Mario Macis (Johns Hopkins University, IZA)
Fabiano Schivardi (LUISS University, EIEF, CEPR)
[View Abstract]
Female Leadership and Gender Equity: Evidence from Plant Closure
Geoffrey Tate (University of North Carolina)
Liu Yang (University of Maryland)
[View Abstract] [Download Preview]
Women Helping Women? Evidence from Private Sector Data on Plant Hierarchies
Astrid Kunze (Norwegian School of Economics, IZA)
Amalia R. Miller (University of Virginia)
[View Abstract]
Peer Groups and Employment Outcomes: Evidence Based on Conditional Random Assignment in the United States Army
Pinar Karaca-Mandic (University of Minnesota)
David Powell (RAND)
Nicole Maestas (RAND Corporation)
[View Abstract] [Download Preview]
Discussants:
Manuel Bagues (Universidad Carlos III)
Mario Macis (Johns Hopkins University, IZA)
Francine D. Blau (Cornell University)
Fidan Ana Kurtulus (University of Massachusetts-Amherst)

Jan 05, 2014 1:00 pm, Philadelphia Marriott, Grand Ballroom - Salon C
American Economic Association
Heterogenous Firms and Job Search (J6)
Presiding: John Kennes (Aarhus University)
Wage and Productivity Dispersion: The Roles of Rent Sharing, Labor Quality and Capital Intensity
Jesper Bagger (University of London-Royal Holloway)
Bent Jesper Christensen (Aarhus University)
Dale T. Mortensen (Northwestern University)
[View Abstract]
Efficient Firm Dynamics in a Frictional Labor Market
Leo Kaas (University of Konstanz)
Philipp Kircher (London School of Economics)
[View Abstract] [Download Preview]
Bidding for Teams
John Kennes (Aarhus University)
Benoit Julien (University of New South Wales)
Moritz Ritter (Temple University)
[View Abstract]
Discussants:
Ian King (University of Melbourne)
Moritz Ritter (Temple University)
Daniel le Maire (University of Copenhagen)
Benoit Julien (University of New South Wales)

Jan 05, 2014 1:00 pm, Pennsylvania Convention Center, 105-B
American Economic Association
Households and Allocation Decisions (E2)
Presiding: Wenli Li (Federal Reserve Bank of Philadelphia)
A Theory of Macroprudential Policies in the Presence of Nominal Rigidities
Emmanuel Farhi (Harvard University)
Ivan Werning (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Does Relative Risk Aversion Vary with Wealth? Evidence from Households' Portfolio Choice Data
Zongwu Cai (University of Kansas)
Xuan Liu (East Carolina University)
Fang Yang (Louisiana State University)
[View Abstract] [Download Preview]
Precautionary Saving and Aggregate Demand
Edouard Challe (Ecole Polytechnique)
Xavier Ragot (Paris School of Economics)
Julien Matheron (Banque de France)
Juan Rubio-Ramirez (Duke University)
[View Abstract]
Household Risk and Insurance over the Life Cycle
Gueourgui Kambourov (University of Toronto)
Luisa Fuster (Universidad Carlos III de Madrid)
Andres Erosa (Universidad Carlos III de Madrid)
[View Abstract]
Quantifying the Growth in Services:The Role of Skills, Scale, and Female Labor Supply
Joseph P. Kaboski (University of Notre Dame)
Francisco J. Buera (University of California-Los Angeles)
Min Qiang Zhao (Xiamen University)
[View Abstract] [Download Preview]
Household Formation, Credit, and Trustworthiness
Geng Li (Federal Reserve Board)
Jane Dokko (Federal Reserve Board)
[View Abstract]

Jan 05, 2014 1:00 pm, Pennsylvania Convention Center, 201-A
American Economic Association
Information and Learning in Over-the-Counter and Online Drug Markets (D8)
Presiding: Sofia Villas-Boas (University of California-Berkeley)
Do Pharmacists Buy Bayer? Sophisticated Shoppers and the Brand Premium
Bart J. Bronnenberg (Tilburg University)
Jean-Pierre Dube (University of Chicago and NBER)
Matthew Gentzkow (University of Chicago and NBER)
Jesse M. Shapiro (University of Chicago and NBER)
[View Abstract] [Download Preview]
Generic Aversion and Observational Learning: A Field Experiment in the Over-the-Counter Drug Market
Mariana Carrera (Case Western Reserve University)
Sofia Villas-Boas (University of California-Berkeley)
[View Abstract] [Download Preview]
The Effect of Deceptive Advertising on Consumption of the Advertised Good and Its Substitutes: The Case of Over-the-Counter Weight Loss Products
John Cawley (Cornell University)
Rosemary Avery (Cornell University)
Matthew Eisenberg (Carnegie Mellon University)
[View Abstract] [Download Preview]
Consumer Protection or COnsumer Frustration? The Impact of Banning Foreign Pharmacies from Sponsored Search
Matthew Chesnes (Federal Trade Commission)
Weijia Dai (University of Maryland)
Ginger Zhe Jin (University of Maryland)
[View Abstract] [Download Preview]
Discussants:
Sara Ellison (Massachusetts Institute of Technology)
Liran Einav (Stanford University)
Justine Hastings (Brown University)
Benjamin R. Handel (University of California-Berkeley)

Jan 05, 2014 1:00 pm, Pennsylvania Convention Center, 202-A
American Economic Association
Labor Supply (J2)
Presiding: Matthew Notowidigdo (University of Chicago)
The Effect of Wealth on Household Labor Supply: Evidence from Swedish Lotteries
David Cesarini (New York University)
Erik Lindqvist (Stockholm School of Economics)
Matthew J. Notowidigdo (University of Chicago)
Robert Östling (Institute of International Economic Studies and Stockholm University)
[View Abstract] [Download Preview]
Retirement, Home Production and Labor Supply Elasticities
Richard Rogerson (Princeton University)
Johanna Wallenius (Stockholm School of Economics)
[View Abstract] [Download Preview]
Estimating Labour Supply Elasticities Based on Cross-Country Micro Data: A Bridge Between Micro and Macro Estimates?
Markus Jäntti (Swedish Institute for Social Research and Stockholm University)
Jukka Pirttilä (University of Tampere)
Håkan Selin (Uppsala University)
[View Abstract] [Download Preview]
Structural Differencing Estimation with Nonlinear Budget Sets
Che-Yuan Liang (Uppsala University)
[View Abstract] [Download Preview]
Discussants:
Che-Yuan Liang (Uppsala University)
Håkan Selin (Uppsala University)
Johanna Wallenius (Stockholm School of Economics)
Erik Lindqvist (Stockholm School of Economics)

Jan 05, 2014 1:00 pm, Pennsylvania Convention Center, 201-B
American Economic Association
Macro, Money and Financial Fragility (E5)
Presiding: Yuliy Sannikov (Princeton University)
Financial Stability, Price Stability and Fiscal Debt Sustainability
Markus K. Brunnermeier (Princeton University)
Yuliy Sannikov (Princeton University)
[View Abstract]
A Macroeconomic Framework for Quantifying Systemic Risk
Arvind Krishnamurthy (Northwestern University)
Zhiguo He (University of Chicago)
[View Abstract] [Download Preview]
Booms and Systemic Banking Crises
Frederic Boissay (European Central Bank)
Fabrice Collard (University of Bern)
Frank Smets (European Central Bank)
[View Abstract]
Discussants:
Sebastian DiTella (Stanford University)
Matteo Maggiori (New York University)
Valentin Haddad (Princeton University)

Jan 05, 2014 1:00 pm, Pennsylvania Convention Center, 204-B
American Economic Association
Marketing and Finance: Are Financial Products Bought or Sold? (G2)
Presiding: Antoinette Schoar (Massachusetts Institute of Technology)
Competition for Attention
Nicola Gennaioli (Bocconi University)
Andrei Shleifer (Harvard University, Department of Economics)
Pedro Bordalo (University of London)
[View Abstract] [Download Preview]
Advertising Expensive Mortgages
Umit Gurun (University of Texas-Dallas)
Gregor Matvos (University of Chicago)
Amit Seru (University of Chicago)
[View Abstract]
Credit Card Advertising and Borrower Screening
Antoinette Schoar (Massachusetts Institute of Technology)
Hong Ru (Massachusetts Institute of Technology)
[View Abstract]
Discussants:
Colin Camerer (California Institute of Technology)
Christopher Mayer (Columbia University)
David Laibson (Harvard University)

Jan 05, 2014 1:00 pm, Pennsylvania Convention Center, 204-C
American Economic Association
Patents, Innovation and Growth (O3)
Presiding: Mark Schankerman (London School of Economics)
Patents and Cumulative Innovation: Causal Evidence from the Courts
Alberto Galasso (University of Toronto)
Mark Schankerman (London School of Economics)
[View Abstract] [Download Preview]
Innovation, Reallocation and Growth
Daron Acemoglu (Massachusetts Institute of Technology)
Ufuk Akcigit (University of Pennsylvania)
Nicholas Bloom (Stanford University)
William Kerr (Harvard University)
[View Abstract] [Download Preview]
Economic Spillovers from Publicly-Funded Biomedical Research
Pierre Azoulay (Massachusetts Institute of Technology)
Joshua Graff Zivin (University of California-San Diego)
Danielle Li (Northwestern University)
Bhaven Sampat (Columbia University)
[View Abstract]
Patent Rights, Product Market Reforms and Innovation
Philippe Aghion (Harvard University)
Peter Howitt (Brown University)
Susanne Prantl (Cologne University)
[View Abstract] [Download Preview]
Discussants:
Heidi L. Williams (Massachusetts Institute of Technology)
Samuel Kortum (Yale University)
John Van Reenen (London School of Economics)
Benjamin Jones (Northwestern University)

Jan 05, 2014 1:00 pm, Pennsylvania Convention Center, 201-C
American Economic Association
Perspectives on Consumption (E2)
Presiding: Alisdair McKay (Boston University)
The Economic Stimulus Payments of 2008 and the Aggregate Demand for Consumption
Jonathan A. Parker (Northwestern University)
Christian Broda (Duquesne Capital Management)
[View Abstract]
The Distribution of Wealth and the MPC: Implications of New European Data
Christopher D. Carroll (Johns Hopkins University)
Jiri Slacalek (European Central Bank)
Kiichi Tokuoka (International Monetary Fund)
[View Abstract] [Download Preview]
Measuring How Fiscal Shocks Affect Durable Spending in Recessions and Expansions
David Berger (Northwestern University)
Joseph Vavra (University of Chicago)
[View Abstract] [Download Preview]
A Tale of Two Stimulus Payments: 2001 vs 2008
Greg Kaplan (Princeton University)
Gianluca Violante (New York University)
[View Abstract] [Download Preview]
Discussants:
Sam Schulhofer-Wohl (Federal Reserve Bank of Minneapolis)
Toshihiko Mukoyama (University of Virginia)
Dirk Krueger (University of Pennsylvania)
Jeffrey R. Campbell (Federal Reserve Bank of Chicago)

Jan 05, 2014 1:00 pm, Pennsylvania Convention Center, 202-B
American Economic Association
Politics and Finance (G3)
Presiding: Raymond Fisman (Columbia University)
The Mortality Cost of Political Connections
Yongxiang Wang (University of Southern California)
Raymond Fisman (Columbia University)
[View Abstract] [Download Preview]
Valuing Changes in Political Networks: Evidence from Campaign Contributions to Close Congressional Elections
Pat Akey (London Business School)
[View Abstract] [Download Preview]
Policy Uncertainty, Irreversibility, and Cross-Border Flows of Capital
Brandon Julio (London Business School)
Youngsuk Yook (Federal Reserve Board)
[View Abstract] [Download Preview]
When Talk Isn't Cheap: The Corporate Value of Political Rhetoric
Art Durnev (University of Iowa)
Larry Fauver (University of Tennessee)
Nadini Gupta (Indiana University)
[View Abstract] [Download Preview]
Discussants:
Lauren H. Cohen (Harvard University)
Ran Duchin (University of Washington)
Jun Qian (Boston College)
Oguzhan Karakas (Boston College)

Jan 05, 2014 1:00 pm, Pennsylvania Convention Center, 203-A
American Economic Association
Structural Estimation (D0)
Presiding: Petra Todd (University of Pennsylvania)
Estimating the Value of Reducing Health Insurance Reclassification Risk for the Nonelderly
Amanda E. Kowalski (Yale University)
[View Abstract]
Hospital Choices, Hospital Prices, and Financial Incentives to Physicians
Kate Ho (Columbia University)
Ariel Pakes (Harvard University)
[View Abstract] [Download Preview]
All Units Rebates: Experimental Evidence from the Vending Industry
Julie Mortimer (Boston College)
Christopher Conlon (Columbia University)
[View Abstract] [Download Preview]
Retirement Plan Type and Employee Mobility: The Role of Selection and Incentive Effects
Colleen Flaherty Manchester (University of Minnesota)
Gopi Shah Goda (Stanford University)
Damon Jones (University of Chicago)
[View Abstract] [Download Preview]

Jan 05, 2014 1:00 pm, Pennsylvania Convention Center, 203-B
American Economic Association
Subjective Longevity Risk and Life-Cycle Decision Making (D1)
Presiding: Michael Hurd (RAND)
Die young or live long: modeling subjective survival probabilities
Shang Wu (University of New South Wales)
Ralph Stevens (University of New South Wales)
Susan Thorp (University of Technology Sydney)
[View Abstract] [Download Preview]
Individuals' Survival Expectations and Actual Mortality
Vesile Kutlu-Koc (Utrecht University)
Adriaan Kalwij (Utrecht University)
[View Abstract] [Download Preview]
Can Longevity Risk Alleviate the Annuitization Puzzle? Empirical Evidence from Survey Data
Federica Teppa (De Nederlandsche Bank)
[View Abstract] [Download Preview]
Subjective Life Expectancy and Private Pensions
Tabea Bucher-Koenen (Max-Planck-Institute)
Sebastian Kluth (Max-Planck-Institute)
[View Abstract]
Discussants:
John Piggott (University of New South Wales)
Olivia S. Mitchell (University of Pennsylvania)
Jeffrey R. Brown (University of Illinois)
Tobias Klein (Tilburg University)

Jan 05, 2014 1:00 pm, Philadelphia Marriott, Grand Ballroom - Salon A
American Economic Association
Welfare Policies in Latin American (I3)
Presiding: Flavio Cunha (University of Pennsylvania)
Tackling Social Exclusion: Evidence from Chile
Rita Ginja (Uppsala University)
Pedro Carneiro (University College London)
Emanuela Galasso (World Bank)
[View Abstract]
Evaluating a Universal Health Insurance Program: Lessons from Mexico
Gabriella Conti (University of Chicago)
Rita Ginja (Uppsala University)
[View Abstract]
Does Higher Education Cause Political Participation? Evidence from a Regression Discontinuity Design
Alex Solis (University of California-Berkeley)
[View Abstract]
Learning about the Enforcement of Conditional Welfare Programs: Evidence from the Bolsa Familia Program in Brazil
Katja Kaufmann (Bocconi University)
Eliana La Ferrara (Bocconi University)
Fernanda Brollo (University of Warwick)
[View Abstract] [Download Preview]
Discussants:
Renata Narita (World Bank)
Alex Solis (Uppsala University)
Rita Ginja (Uppsala University)
Pedro Carneiro (University College London)

Jan 05, 2014 1:00 pm, Loews Philadelphia Hotel, Commonwealth Hall D
American Finance Association
Asset Pricing Theory (G1)
Presiding: Leonid Kogan (Massachusetts Institute of Technology)
Market Turmoil and Destabilizing Speculation
Marco Di Maggio (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
A Labor Capital Asset Pricing Model
Lars Kuehn (Carnegie Mellon University)
Mikhail Simutin (University of Toronto)
Jessie Jiaxu Wang (Carnegie Mellon University)
[View Abstract] [Download Preview]
Asset Pricing with Entry and Imperfect Competition
Erik Loualiche (Northwestern University)
[View Abstract]
Discussants:
Dimitri Vayanos (London School of Economics)
Frederico Belo (University of Minnesota)
Nicolae Garleanu (University of California-Berkeley)

Jan 05, 2014 1:00 pm, Loews Philadelphia Hotel, Regency Ballroom B
American Finance Association
Board Composition and Firm Performance (G3)
Presiding: Daniel Ferreira (London School of Economics)
Does the Gender of Directors Matter?
Miriam Schwartz-Ziv (Michigan State University and Harvard University)
[View Abstract] [Download Preview]
The Labor Market for Directors and Externalities in Corporate Governance
Doron Levit (University of Pennsylvania)
Nadya Malenko (Boston College)
[View Abstract] [Download Preview]
Labor Representation in Governance as an Insurance Mechanism
E. Han Kim (University of Michigan)
Ernst Maug (University of Mannheim)
Christopher Schneider (University of Mannheim)
[View Abstract] [Download Preview]
Reputation Concerns of Independent Directors: Evidence from Individual Director Voting
Wei Jiang (Columbia University)
Hualin Wan (Shanghai Lixin University of Commerce)
Shan Zhao (Grenoble Ecole de Management)
[View Abstract] [Download Preview]
Discussants:
Andrew Ellul (Indiana University)
Denis Gromb (INSEAD)
Daniel Ferreira (London School of Economics)
Holger Mueller (New York University)

Jan 05, 2014 1:00 pm, Loews Philadelphia Hotel, Regency Ballroom A
American Finance Association
Structural Estimation in Finance (G3)
Presiding: Christopher Hennessy (London Business School)
The Marginal Value of Cash and Corporate Savings
Patrick Bolton (Columbia University)
Huntley Schaller (Carleton University)
Neng Wang (Columbia University)
[View Abstract]
Contingent-Claim-Based Expected Stock Returns
Zhiyao Chen (University of Reading)
Ilya Strebulaev (Stanford University)
[View Abstract] [Download Preview]
Firm Policies and the Cross-Section of CDS spreads
Andrea Gamba (University of Warwick)
Alessio Saretto (University of Texas-Dallas)
[View Abstract] [Download Preview]
Estimating the Effects of Contracting Frictions
Shaojin Li (Shanghai University of Finance and Economics)
Toni Whited (University of Rochester)
[View Abstract]
Discussants:
Michael Roberts (University of Pennsylvania)
Joao Gomes (University of Pennsylvania)
Sergey Tsyplakov (University of South Carolina)
Erwan Morellec (Ecole Polytechnique Federale de Lausanne)

Jan 05, 2014 1:00 pm, Loews Philadelphia Hotel, Millennium Hall
American Finance Association
Takeovers (G3)
Presiding: Micah Officer (Loyola Marymount University)
Do Acquisitions Relieve Target Firms? Financial Constraints?
Isil Erel (Ohio State University)
Yeejin Jang (Ohio State University)
Michael Weisbach (Ohio State University)
[View Abstract]
How Do Acquirers Choose between Mergers and Tender Offers?
David Offenberg (Loyola Marymount University)
Christo Pirinsky (George Washington University)
[View Abstract] [Download Preview]
Motivated Monitors: The Importance of Institutional Investors' Portfolio Weights
Eliezer Fich (Drexel University)
Jarrad Harford (University of Washington)
Anh Tran (City University London)
[View Abstract]
Prior Client Performance and the Choice of Investment Bank Advisors in Corporate Acquisitions
Valeriy Sibilkov (University of Wisconsin-Milwaukee)
John McConnell (Purdue University)
[View Abstract] [Download Preview]
Discussants:
Micah Officer (Loyola Marymount University)
Mattias Nilsson (University of Colorado-Boulder)
Felix Meschke (University of Kansas)
Carrie Pan (Santa Clara University)

Jan 05, 2014 1:00 pm, Loews Philadelphia Hotel, Commonwealth Hall C
American Finance Association
The Challenge of Banking Regulation (G2)
Presiding: Anat Admati (Stanford University)
The Value of Implicit Guarantees
Zoe Tsesmelidakis (University of Oxford)
Robert Merton (Massachusetts Institute of Technology)
[View Abstract] [Download Preview]
Mortgage Companies and Regulatory Arbitrage
Yuliya Demyanyk (Federal Reserve Bank of Cleveland)
Elena Loutskina (University of Virginia)
[View Abstract]
The End of Market Discipline? Investor Expectations of Implicit State Guarantees
Viral Acharya (New York University)
Deniz Anginer (Virginia Tech)
A. Joseph Warburton (Syracuse University)
[View Abstract] [Download Preview]
Depositors' Perception of "Too-Big-To-Fail"
Raquel Oliveira (Central Bank of Brazil)
Rafael Schiozer (Getulio Vargas Foundation)
Lucas Barros (University of Sao Paulo)
[View Abstract]
Discussants:
Hanno Lustig (University of California-Los Angeles)
Atif Mian (Princeton University)
Stefan Nagel (Stanford University)
Daniel Paravisini (London School of Economics)

Jan 05, 2014 1:00 pm, Loews Philadelphia Hotel, Commonwealth Hall B
American Finance Association
Volatility and Returns (G1)
Presiding: Tyler Shumway (University of Michigan)
Signal or noise? Uncertainty and learning about whether other traders are informed
Snehal Banerjee (Northwestern University)
Brett Green (University of California-Berkeley)
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The Term Structure of Variance Swaps and Risk Premia
Yacine Ait-Sahalia (Princeton University)
Loriano Mancini (EPFL)
Mustafa Karaman (University of Zurich)
[View Abstract] [Download Preview]
The Long-Run Risks Model: What Differences Can an Extra Volatility Factor Make?
Guofu Zhou (Washington University-St Louis)
Yingzi Zhu (Tsinghua University)
[View Abstract]

Jan 05, 2014 1:00 pm, Loews Philadelphia Hotel, Washington B
American Real Estate & Urban Economic Association
Housing Markets and Returns (R3)
Presiding: Paul Carrillo (George Washington University)
Fear and Loathing in the Housing Market: Evidence from Search Query Data
Marcelle Chauvet (University of California-Riverside)
Stuart Gabriel (University of California-Los Angeles)
Chandler Lutz (Copenhagen Business School)
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Structural Estimates of Housing Supply Elasticity across Chinese Cities
Yuming Fu (National University of Singapore)
Hongyu Liu (Tsinghua University)
Siqi Zhen (Tsinghua University)
[View Abstract] [Download Preview]
The Effect of Listing Price Strategy on Transaction Selling Prices
Eli Beracha (University of Wyoming)
Michael Seiler (Old Dominion University)
[View Abstract]
Do "Productive" Agents Really Deliver for their Clients?
Geoffrey Turnbull (University of Central Florida)
Bennie Waller (Longwood University)
[View Abstract]
Discussants:
Jaren Pope (Brigham Young University)
Jonathan Rothbaum (US Census Bureau)
Benjamin Williams (George Washington University)
C. Lockwood Reynolds (Kent State University)

Jan 05, 2014 1:00 pm, Loews Philadelphia Hotel, Washington C
American Real Estate & Urban Economic Association
Urban Economics (R1)
Presiding: Jan Brueckner (University of California-Irvine)
Tax Reform, Housing Tenure, and Sprawl
Thomas Davidoff (University of British Columbia)
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Patterns of Growth in Chinese Cities: Implications of the Land Lease
Paul Anglin (University of Guelph)
David Dale-Johnson (University of Alberta)
Yanmin Gao (City University of Hong Kong)
Guozhong Zhu (Peking University)
[View Abstract] [Download Preview]
Demolition-Forced Moves from Public Housing to Voucher Housing: Effects on Youth's Long-Term Employment Outcomes
Fredrik Andersson (Office of the Comptroller of the Currency)
John Haltiwanger (University of Maryland)
Mark Kutzbach (US Census Bureau)
Giordano Palloni (University of Maryland)
Henry Pollakowski (Harvard University)
Daniel Weinberg (US Census Bureau)
[View Abstract]
Skill Intensity and City Size: Is it all House Prices?
Daniel Broxterman (George Washington University)
Anthony Yezer (George Washington University)
[View Abstract]
Discussants:
Donald Haurin (Ohio State University)
Jeffrey Zax (University of Colorado-Boulder)
Michael Eriksen (University of Georgia)
Jeffrey Lin (Federal Reserve Bank of Philadelphia)

Jan 05, 2014 1:00 pm, Philadelphia Marriott, Grand Ballroom - Salon I
Association for Comparative Economic Studies
Shall I Fear Thou? Theoretical and Empirical Evidence on the Determinants, Effects, and Persistence of Aggression vs. Cooperation (Z1)
Presiding: Pauline Grosjean (University of New South Wales)
Terrorism: A Tale of Reputation and Intimidation
Sambuddha Ghosh (Boston University)
Gabriele Gratton (University of New South Wales)
Caixia Shen (Shangai University of Finance and Economics)
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Homicide and Work: The Impact of Mexico's Drug War on Labor Market Participation
Ariel Ben Yishay (University of New South Wales)
Sarah Pearlman (Vassar College)
[View Abstract] [Download Preview]
The Wild West is Wild: The Homicide Resource Curse
Mathieu Couttenier (University of Lausanne)
Pauline Grosjean (University of New South Wales)
Marc Sangnier (University of Aix-Marseille)
[View Abstract] [Download Preview]
Cultural Integration: Experimental Evidence of Changes in Immigrants' Preferences
Lisa Cameron (Monash University)
Nisvan Erkal (University of Melbourne)
Lata Gangadharan (Monash University)
Marina Zhang (University of Melbourne)
[View Abstract]
Discussants:
Marc Sangnier (University of Aix-Marseille)
Emily Owens (Cornell University)
Karen Clay (Carnegie Mellon University)
Yan Chen (University of Michigan)

Jan 05, 2014 1:00 pm, Loews Philadelphia Hotel, Regency Ballroom C1
Association for Evolutionary Economics
What Social Control Principles and Related Institutional Framework to Mitigate the Inherent Instability of Financialized Capitalism? (B5)
Presiding: Anna Klimina (University of Saskatchewan)
Financial Regulation, Endogenous Money, and the Nexus of Control
Eric Hake (Catawba College)
[View Abstract]
Money-Manager Capitalism after the Subprime Crisis: Can Social Control Tame Financial Instability?
Fadhel Kaboub (Denison University)
Avraham Baranes (Denison University)
[View Abstract]
Rise of Money Manager Capitalism and What it Means for Economic Theory and Policy
Robert E. Prasch (Middlebury College)
[View Abstract]
Banking Sector Viability and Fiscal Austerity Policy: From the Rhetoric to the Reality of Bank Behavior
Mario Seccareccia (University of Ottawa)
[View Abstract]
How to Guide the Economy towards Socially Desirable Directions: Some Institutional Lessons from the 2007 Financial Turmoil
Faruk Ulgen (University of Grenoble)
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Discussants:
Phillip Anthony O'Hara (Global Political Economy Research Unit)
Charles Whalen (Congressional Budget Office)

Jan 05, 2014 1:00 pm, Philadelphia Marriott, Grand Ballroom - Salon L
Association of Environmental & Resource Economists
Political Economy in Climate Policy (Q5)
Presiding: Andreas Lange (University of Hamburg)
How Disagreement Regarding Climate Change Affects Federal and State Efforts to Address It
Joel Landry (Cornell University)
[View Abstract] [Download Preview]
Estimating the Cost of Climate Policy using Prediction Markets and Lobbying Records
Kyle Meng (Columbia University)
[View Abstract] [Download Preview]
Market-based emission performance standards in a multi-sector context: An assessment of Alberta's Specified Gas Emitters Regulation
Deepak Rajagopal (University of California-Los Angeles)
[View Abstract] [Download Preview]
Adaptation Technology and Free-Riding Incentives in International Environmental Agreements
Hassan Benchekroun (McGill University and CIREQ)
Walid Marrouch (Lebanese American University and CIRANO)
Amrita Ray Chaudhuri (University of Winnipeg and Tilburg University)
[View Abstract] [Download Preview]
Discussants:
Ian Parry (International Monetary Fund)
Mark Jacobsen (University of California-San Diego)
Derek Lemoine (University of Arizona)
Andreas Lange (University of Hamburg)

Jan 05, 2014 1:00 pm, Philadelphia Marriott, Meeting Room 401
Econometric Society
Asset Pricing-Theory (G1)
Presiding: Amir Yaron (University of Pennsylvania)
Robust Contracts in Continuous Time
Jianjun Miao (Boston University)
Alejandro Rivera (Boston University)
[View Abstract] [Download Preview]
Dynamic Equilibrium with Two Stocks, Heterogeneous Investors, and Portfolio Constraints
Georgy Chabakauri (London School of Economics)
[View Abstract] [Download Preview]
A Theory of Rational Short-Termism with Uncertain Betas
Christian Gollier (University of Toulouse)
[View Abstract] [Download Preview]
Pricing Large Financial Products
Andrews Carvajal (University of Western Ontario)
Marek Weretka (University of Wisconsin-Madison)
[View Abstract]

Jan 05, 2014 1:00 pm, Philadelphia Marriott, Meeting Room 402
Econometric Society
Estimation of Models of Wage Determination and Wage Dynamics (J3)
Presiding: Christopher Taber (University of Wisconsin-Madison)
Job Dispersion and Compensating Wage Differentials
Ted To (Bureau of Labor Statistics)
Paul Sullivan (Bureau of Labor Statistics)
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Unobserved Worker Quality and Inter-Industry Wage Differentials
Suqin Ge (Virginia Tech)
Joao Carlos Macieira (Virginia Tech)
[View Abstract] [Download Preview]
Wage Dynamics with Private Learning-by-Doing and On-the-Job Search
Seung-Gyu (Andrew) Sim (University of Tokyo)
[View Abstract] [Download Preview]
Acquired Skill and Learned Ability: Wage Dynamics in Internal Labor Markets
Masaki Nakabayashi (University of Tokyo)
[View Abstract] [Download Preview]

Jan 05, 2014 1:00 pm, Philadelphia Marriott, Meeting Room 403
Econometric Society
Inference and Statistical Decision Theory (C1)
Presiding: Xu Cheng (University of Pennsylvania)
Statistical Hypothesis Testing and Private Information
Aleksey Tetenov (Collegio Carlo Alberto)
[View Abstract] [Download Preview]
Using data to inform policy
Maximilian Kasy (Harvard University)
[View Abstract] [Download Preview]
Bayesian Regression with Nonparametric Heteroskedasticity
Andriy Norets (Princeton University)
Semi-Parametric Bayesian Partially Identified Models Based on Support Function
Yuan Liao (University of Maryland)
Anna Simoni (CNRS and Université de Cergy-Pontoise)
[View Abstract] [Download Preview]
Discussants:
Jose Motiel Olea (New York University)
Xiaoxia Shi (University of Wisconsin-Madison)

Jan 05, 2014 1:00 pm, Philadelphia Marriott, Meeting Room 404
Econometric Society
Mechanism Design (D8)
Presiding: Amanda Friedenberg (Arizona State University)
Optimal Reserve Prices in Anonymous Asymmetric Auctions
Sergei Izmalkov (NES)
Valery Topinsky (National Research University-HSE)
[View Abstract]
On the Equivalence of Bayesian and Dominant Strategy Implementation: The Case of Correlated Types
Alexey Kushnir (University of Zurich)
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Revenue Management without Commitment: Dynamic Pricing and Periodic Fire Sales
Fei Li (University of North Carolina)
[View Abstract]
Dynamic Mechanism Design for a Global Commons
Rodrigo Harrison (Pontificia Universidad Católica de Chile)
Roger Lagunoff (Georgetown University)
[View Abstract] [Download Preview]
Discussants:
Mallesh Pai (University of Pennsylvania)
Vasiliki Skreta (New York University)
Maher Said (Washington University-St. Louis)
Luciano Irineu de Castro (Northwestern University)

Jan 05, 2014 1:00 pm, Philadelphia Marriott, Meeting Room 405
Econometric Society
Topics in Taxation (D6)
Presiding: Aleh Tsyvinski (Yale University)
A Duality Approach to Continuous-Time Contracting Problems with Limited Commitment
Yuzhe Zhang (Texas A&M University)
[View Abstract] [Download Preview]
Robust Optimal Taxation and Environmental Externalities
Ted Temzelides (Rice University)
[View Abstract] [Download Preview]
Simple Labor Income Tax Systems with Endogenous Employment Contracts
Anqi Li (University of Pennsylvania)
Yiqing Xing (Stanford University)
[View Abstract] [Download Preview]

Jan 05, 2014 1:00 pm, Pennsylvania Convention Center, 105-A
International Association for Feminist Economics
Household Dynamics and Divisions (B5)
Presiding: Sakiko Fukuda-Parr (New School)
Shifting Gender Power Dynamics: Agricultural Commercialisation and Its Impacts on Gender Relations in Yekemi
Afolabi M. Mojirayo (University of Hull)
[View Abstract] [Download Preview]
Common Law Marriage and male/female convergence in labor supply and time use
Victoria Vernon (Empire State College)
Shoshana Amyra Grossbard (San Diego State University and University of Zaragoza)
[View Abstract] [Download Preview]
Land Rights and Domestic Violence against Women in Rural China
Song Yueping (Renmin University)
Xiao-Yuan Dong (University of Winnipeg)
Tao Ye (Renmin University)
[View Abstract] [Download Preview]
Wellbeing Transformations of the Applai Women and Their Households in Northern Sagada, Philippines through Time Use Case Studies
Karryl Mae Ngina (Benguet State University)
[View Abstract]
Gender Roles in Socioeconomic Development in Nepal: Micro and Macro Linkages
Bina Pradhan (Federation of Business and Professional Women, Nepal)
[View Abstract]
Discussants:
Shoshana Amyra Grossbard (San Diego State University and University of Zaragoza)
Sakiko Fukuda-Parr (New School)
Radhika Balakrishnan (Rutgers University)

Jan 05, 2014 1:00 pm, Pennsylvania Convention Center, 104-A
Labor & Employment Relations Association
Do Unions (Still) Matter? (J5)
Presiding: Matthew Bodah (University of Rhode Island)
25 Years of Right to Work in Idaho
Charles Scott Benson, Jr. (Idaho State University)
[View Abstract] [Download Preview]
Recent Longitudinal Evidence of Size and Union Threat Effects across Genders
Phanindra V. Wunnava (Middlebury College and IZA)
[View Abstract] [Download Preview]
Unionizing Publicly Traded Companies via the Stock Market
Bryan Engelhardt (College of the Holy Cross)
Robert Baumann (College of the Holy Cross)
David L. Fuller (Concordia University)
[View Abstract]
Discussants:
Dan Montgomery (American Federation of Teachers)

Jan 05, 2014 1:00 pm, Pennsylvania Convention Center, 102-A
Labor & Employment Relations Association
Labor Market Policy and the Workplace (J5)
Presiding: Ellen Mutari (Richard Stockton College of New Jersey)
Labor Market Consequences of Job Security and Labor Laws in the Era of Flexicurity: Implications for Turkey and USA
Meltem Ince Yenilmez (Yasar University)
[View Abstract]
Impact of Firing Restrictions on Firm Performance: Evidence from Indonesia
Peter Brummund (University of Alabama)
[View Abstract]
Workplace Interventions under the Canada Labour Code and Disabling Injuries
Craig Eschuk (Employment and Social Development, Canada)
Jiong Tu (Employment and Social Development, Canada)
Eyob Fissuh (Employment and Social Development, Canada)
[View Abstract]
When Rules are Made to be Broken
Zev J. Eigen (Northwestern University)
Nicholas Menillo (Cornell University)
David S. Sherwyn (Cornell University)
[View Abstract]
Discussants:
Francoise Carre (University of Massachusetts-Boston)
Ellen Mutari (Richard Stockton College of New Jersey)

Jan 05, 2014 1:00 pm, Pennsylvania Convention Center, 104-B
Labor & Employment Relations Association
What Impact Do Managers Really Have? (J5)
Presiding: Lonnie Golden (Pennsylvania State University-Abington)
Do Agents Game Their Agents Behavior? Evidence from Sales Managers
Alan Benson (University of Minnesota-Twin Cities)
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Women In Charge: The Impact of Female Managers on Gender Inequality
Mabel Lana Abraham (Massachusetts Institute of Technology)
[View Abstract]
That First Manager's Influence on Work Ethic
Gayle Porter (Rutgers University)
[View Abstract]
Discussants:
Peter Cappelli (University of Pennsylvania)
Matthew Bidwell (University of Pennsylvania)

Jan 05, 2014 1:00 pm, Loews Philadelphia Hotel, Tubman
Union for Radical Political Economists
Eurozone Crisis (E3)
Presiding: Gary Dymski (Leeds University)
Eurozone Crisis: A Critical Perspective on the Impact of the Proposed Banking Union and the European Central Bank's Unconventional Policies on Economic Recovery in the Eurozone
Ismail Ertürk (University of Manchester)
[View Abstract]
Central Bank Interventions in the Present Crisis
Esther Jeffers (Université Paris 8)
[View Abstract]
In Search of Sustainable Paths for the Eurozone
Jacques Mazier (Université Paris 13)
[View Abstract] [Download Preview]
The Role of Ordoliberalism in the German Eurozone Crisis Management
Brigitte Young (Universität Münster)
[View Abstract]
The Banking Union and the Eurozone Crisis
Dominique Plihon (Université Paris 13)
[View Abstract] [Download Preview]
Discussants:
Gary Dymski (Leeds University)
Malcolm Sawyer (Leeds University)