AEAweb: AEA Annual Meeting Papers
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AEAweb: AEA Annual Meeting Papers |
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Papers presented at the 2005 ASSA Conference on the AEA Web site. Over
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AEA 2005 Meeting Papers
ANNUAL MEETING AMERICAN ECONOMIC ASSOCIATION "EXPANDING THE FRONTIERS OF ECONOMICS" Philadelphia, PA, January 7-9, 2005 Go to: January 7 | January 8 | January 9 Presidential Address: Jan. 7, 8:00 am Economic Determinants of Child Obesity (H0, I0, J0) Presiding: DIANE WHITMORE, University of Chicago JOHN CAWLEY, Cornell University and NBER, SARA MARKOWITZ, Rutgers University-Newark and NBER, and JOHN TAURAS, University of Illinois-Chicago and NBER--Body Weight, Cigarette Prices, Youth Access Laws and Adolescent Smoking Initiation PATRICIA ANDERSON, Dartmouth College, and KRISTIN BUTCHER, Federal Reserve Bank of Chicago--Reading, Writing, and Raisinettes: Are School Finances Contributing to Children's Obesity? THOMAS DELIERE, Harvard University and University of Chicago, and HELEN LEVY, University of Michigan and University of Chicago--Food Expenditure, Home Production, and Material Well-Being of Single Mother Households in the 90s DIANE WHITMORE, University of Chicago--Do School Lunches Contribute to Childhood Obesity? Discussants: DAVID FIGLIO, University of Florida Jan. 7, 8:00 am Firm Compensation and Incentives (D0, J0, M0) Presiding: To be announced. F. ASIS MARTINEZ-JEREZ, Harvard Business School, and PABLO CASAS-ARCE, University of Oxford--Relative Performance Compensation and Dynamic Incentives CINDY ZOGHI, Bureau of Labor Statistics, ALEC LEVENSON, and MICHAEL GIBBS, University of Chicago Why Are Jobs Designed the Way They Are? IMRAN RASUL, University of Chicago, ORIANA BANDIERA, London School of Economics, and IWAN BARANKAY--Relative and Absolute Incentives: Evidence on Worker Productivity Jan. 7, 8:00 am Using Experiments to Measure Cooperation, Charity, and Trust in the Field (C0, D0, H0, J0, L0, M0) Presiding: STEPHEN BURKS, University of Minnesota-Morris ARMIN FALK, University of Bonn--Charitable Giving as a Gift Exchange: Evidence from a Field Experiment STEPHEN BURKS, University of Minnesota-Morris, JEFFREY CARPENTER, Middlebury College, and LORENZ GOETTE, University of Zurich--Performance Pay and the Erosion of Worker Cooperation: Field Experimental Evidence SIMON GÄCHTER, University of St. Gallen, and BENEDIKT HERRMANN, University of Göttingen--Norms of Cooperation and Punishment Among Urban and Rural Dwellers: Evidence from Field Experiments in Russia JUAN-CAMILO CARDENAS, Universidad de Los Andes CEDE--Bringing the Lab to the Field: More Than Changing Subjects Discussants:
LORENZ GOETTE, University of Zurich Jan. 7, 8:00 am Small Business, Entrepreneurship and the Macroeconomy: Empirical Approach (C0, K0, L0, M0, O0) Presiding: YING LOWREY, U.S. Small Business Administration YING LOWREY, U.S. Small Business Administration--Business Density, Entrepreneurship and Economic Well-Being APARNA MATHUR, University of Maryland--A Spatial Model of the Impact of Bankruptcy Law on Entrepreneurship STEVEN DAVIS, University of Chicago, JOHN HALTIWANGER, University of Maryland, and RON JARMIN, U.S. Bureau of the Census--The Role of Young and Small Businesses in Aggregate Productivity Growth MARIA MARSHALL and WHITNEY OLIVER, Purdue University--The Effects of Human, Financial, and Social Capital on the Entrepreneurial Process for Entrepreneurs in Indiana Discussants: Presenters Jan. 7, 8:00 am Technology, Trade, and Foreign Direct Investment Presiding: CATHERINE MANN, Institute for International Economics M. FUAT SENER, Union College--Intellectual Property Rights and Rent Protection in a North-South Product-Cycle Model MICHELLE CONNOLLY, Duke University, and DIEGO VALDERRAMA, Federal Reserve Bank of San Francisco--Implications of Intellectual Property Rights for Dynamics Gains from Trade JANE IHRIG, Federal Reserve Board--The Influence of Technology on Foreign Direct Investment BEATA SMARZYNSKA JAVORCIK,
World Bank, KAMAL SAGGI, Southern Methodist University, and MARIANA
SPATAREANU, World Bank--Does It Matter
Where You Come From? Vertical Spillovers from Foreign Direct Investment
the Discussants:
POL ANTRAS, Harvard University Jan. 7, 8:00 am The Economics of Small Decisions (C0, D0) Presiding: IDO EREV, Technion PAUL ROZIN, University of Pennsylvania--Human Food Selection GEORGE LOEWENSTEIN, Carnegie Mellon University--Vividness, Affect and Decision Making ERNAN HARUVY, University of Texas-Dallas--Two-Stage Prize Promotion Lotteries and the Timing of Prizes IDO EREV, Technion, ALVIN ROTH, Harvard Business School, and ROBERT SLONIM, Case Western Reserve University--The Value of Descriptive Models of Small Decisions Jan. 7, 8:00 am Asset Pricing Theory (D0, E0, G0) Presiding: JUN PAN, Massachusetts Institute of Technology ANNE GRON, Northwestern University, BJORN JORGENSEN, Columbia University, and NICHOLAS POLSON, University of Chicago--Optimal Portfolio Choice and Stochastic Volatility MARKUS BRUNNERMEIER, Princeton University, and LASSE PEDERSEN, New York University--Funding Liquidity and Market Liquidity ARPAD ABRAHAM, Duke University, and EVA CARCELES-POVEDA, State University of New York-Stony Brook--Endogenous Trading Constraints with Incomplete Asset Markets Discussants:
JUN LIU, University of California-Los Angeles Jan. 7, 8:00 am International Evidence on the Impacts of Incentives in Schools (I2) Presiding: CAROLINE HOXBY, Harvard University LORRAINE DEARDEN, CARL EMMERSON, CHRISTINE FRAYNE, and COSTAS MEGHIR, Institute for Fiscal Studies, United Kingdom--Can Education Subsidies stop School Drop-outs? An evaluation of Education Maintenance Allowances in England LUDGER WOESSMANN and THOMAS FUCHS, IFO/University of Munich--What Accounts for International Differences in Student Performance? ERIC HANUSHEK, Stanford University, DANIEL O'BRIEN, University of Texas-Dallas, and STEVEN RIVKIN, Amherst College--The Market for Teacher Quality Discussants:
SUSAN DYNARSKI, Harvard University Jan. 7, 8:00 am The Impact of the Media (D0, L0, G0) Presiding: ULRIKE MALMENDIER, Stanford University ULRIKE MALMENDIER, Stanford University, and GEOFFREY TATE, University of Pennsylvania--Superstar CEOs SENDHIL MULLAINATHAN, Massachusetts Institute of Technology, and ANDREI SHLEIFER, Harvard University--The Market for News STEFANO DELLAVIGNA, University of California-Berkeley, and JOSHUA POLLET, Harvard University--Strategic Release of Information on Friday: Evidence from Earnings Announcements DYCK ALEXANDER, Harvard University, and LUIGI ZINGALES, University of Chicago--The Media and Asset Prices Discussants:
ERIC ZITEWITZ, Stanford University Jan. 7, 8:00 am Motives for Giving (C0) Presiding: LISE VESTERLUND, University of Pittsburgh YUE (JEN) SHANG and RACHEL CROSON, Pennsylvania State University--Social Comparisons in Public Good Provision: Field Experiments from Public Radio YAN CHEN, XIN LI, and JEFF
MACKIE MASON, University of Michigan--An
Economic Model of User Rating in an Online CAGRI KUMRU and LISE VESTERLUND, University of Pittsburgh--The Effect of Status on Charitable Giving JOHN DUFFY, University of Pittsburgh--Maternal Certainty, Paternal Uncertainty, and Holiday Gift-Giving Discussants:
JOHN LIST, University of Maryland Jan. 7, 8:00 am The Economics of Social Conflict (D0, E0, F0, H0, K0, N0, O0) Presiding: ERNESTO DAL BO, University of California-Berkeley HERSCHEL GROSSMAN and DANIEL MEJIA, Brown University--The War on Drugs EDWARD MIGUEL and GERARD ROLAND, University of California-Berkeley--Long-Run Economic Development Consequences of the Vietnam War ERNESTO DAL BO, University of California-Berkeley, and PEDRO DAL BO, Brown University--Workers, Warriors and Criminals: Social Conflict in General Equilibrium Jan. 7, 8:00 am Health, Education and Welfare--Poster Session (I0) Presiding: REBECCA BLANK, University of Michigan MARK W. SMITH, VA Palo Alto--Childhood Abuse and Welfare Use AUDRA BOWLUS, University of Western Ontario, and SHANNON SEITZ, Queen's University--Domestic Violence, Employment and Divorce REAGAN BAUGHMAN, University of New Hampshire--Racial Segregation and the Effectiveness of Expanding Public Health Insurance for Children BO MacINNIS, University of California-Berkeley--Are Environmental Toxins a Source of Health Shocks to Children? Evidence from Hispanic Children in the U.S. DAVID FRISVOLD, KATHRYN ANDERSON, and JAMES FOSTER, Vanderbilt University--Investing in Health: The Long-Term Impact of Head Start HSIN-YU TSENG, University of Chicago--Increases in Risk and the Demand for Insurance: Evidence from the Health and Retirement Study JAMES SULLIVAN, University of Notre Dame--Welfare Reform and Vehicle Ownership: Do Asset Tests and Vehicle Exemptions Matter? JENNIFER FOSTER, University of South Australia, PETER ARCIDIACONO, NATALIE GOODPASTER, and JOSH KINSLER, Duke University--Estimating Spillovers in the Classroom with Panel Data JENNIFER THACHER, EDWARD MOREY, and EDWARD CRAIGHEAD, University of Colorado-Boulder--Modeling and Estimating Preferences over Treatment Programs for Depression JOYDEEP ROY, Princeton University--Impact of School Finance Reform on Resource Equalization and Academic Performance: Evidence from Michigan MATZ DAHLBERG and KARIN EDMARK, Uppsala University, Sweden--Is There a "Race-to-the-Bottom" in the Setting of Welfare Benefit Levels? Evidence from a Policy Intervention MEENA SESHAMANI and KEVIN VOLPP, University of Pennsylvania--The Effect of Cuts in Medicare Reimbursement on Quality of Hospital Care PRAVEEN DHANKHAR, MAHMUD KHAN, and ILA ALAM, Tulane University--Threat of Malpractice Lawsuit, Physician Behavior and Health Outcomes: Implications for "Optimal" Threat Level RUCKER JOHNSON, University of Michigan--Racial Differences in Asthma Prevalence and Morbidity SILVIA PEZZINI, London School of Economics--The Effect of Women's Rights on Women's Welfare: Evidence from a Natural Experiment Jan. 7, 8:00 am International Trade and New Directions for Open Economy Macroeconomics (F0) Presiding: FABIO GHIRONI, Boston College MARC MELITZ, Harvard University, and FABIO GHIRONI, Boston College--International Trade and Macroeconomic Dynamics with Heterogeneous Firms GIANCARLO CORSETTI, European University Institute, University of Rome III and CEPR, PHILIPPE MARTIN, University of Paris, CERAS, and CEPR, and PAOLO PESENTI, Federal Reserve Bank of New York--The Home Market Effect and the International Transmission Mechanism KIM RUHL, University of Texas--Solving the Elasticity Puzzle in International Economics PAUL BERGIN, University of California-Davis, and REUVEN GLICK, Federal Reserve Bank of San Francisco--Productivity and Tradability Discussants:
KEI-MU YI, Federal Reserve Bank of Philadelphia Jan. 7, 8:00 am Interactions Between Urban Housing and Labor Markets (R0, J0) Presiding: DAVID NEUMARK, Public Policy Institute of California JUDITH HELLERSTEIN, University of Maryland, and DAVID NEUMARK, Public Policy Institute of California--Workplace Segregation in the United States: Race, Ethnicity, and Skill PATRICK BAYER, Yale University, and STEPHEN ROSS, University of Connecticut--Urban Unemployment and Residential Location Choice JEFFREY KLING, Princeton University, JEFFREY LIEBMAN, and LAWRENCE KATZ, Harvard University--Moving to Opportunity and Tranquility: Neighborhood Effects on Adult Economic Self-Sufficiency and Helath from a Randomized Housing Voucher Experiment ETIENNE WASMER, University of Quebec-Montreal--Housing Market Discrimination, Housing Regulations and Intermediaries Discussants:
JEFFREY ZAX, University of Colorado Jan. 7, 10:15 am Financial Economics, Macroeconomics, and Econometrics: The Interface (C0) Presiding: FRANCIS X. DIEBOLD, University of Pennsylvania TORBEN G. ANDERSEN, Northwestern University, TIM BOLLERSLEV, Duke University, and FRANCIS X. DIEBOLD, University of Pennsylvania--A Framework for Exploring the Macroeconomic Determinants of Systematic Risk MARTIN D. EVANS, Georgetown University, and RICHARD K. LYONS, University of California-Berkeley--Meese-Rogoff Redux: Micro-Based Exchange Rate Forecasting FRANCIS X. DIEBOLD, University of Pennsylvania, MONIKA PIAZZESI, University of Chicago, and GLENN D. RUDEBUSCH, Federal Reserve Bank of San Francisco--Modeling Bond Yields in Finance and Macroeconomics Discussant: MICHAEL BRANDT, Duke University Jan. 7, 10:15 am Social Networks (A0) Presiding: MATTHEW JACKSON, California Institute of Technology FRANCIS BLOCH, University of Aix-Marseille, GARANCE GENICOT, Georgetown University, and DEBRAJ RAY, New York University--Informal Insurance in Social Networks JACOB GOEREE, ARNO RIEDL,
and ALJAZ ULE, University of Amsterdam--In
Search of Stars: Efficiency, Equity and the DEAN CORBAE, University of Texas, and JOHN DUFFY, University of Pittsburgh--Contagion: Experimental Evidence across Network Structures ANTONI CALVO-ARMENGOL, Autonoma University of Barcelona, and MATTHEW JACKSON, California Institute of Technology--Like Father, Like Son: The Role of Networks in Social and Economic Mobility Discussants:
RACHEL KRANTON, University of Maryland Jan. 7, 10:15 am The Effect of Social Security Reform on Economic Behavior and Well-Being (G0, H0, J0) Presiding: SYLVESTER SCHIEBER, Watson Wyatt Worldwide AMY REHDER HARRIS and JOHN SABELHAUS, Congressional Budget Office--Behavioral Effects of Social Security Reform in a Micro-Simulation with Life Cycle Agents JONATHAN GRUBER, Massachusetts Institute of Technology and NBER, and GARY ENGELHARDT, Dartmouth College--Social Security and the Evolution of Elderly Poverty SHINICHI NISHIYAMA, Congressional Budget Office, and KENT SMETTERS, University of Pennsylvania and NBER--Does Privatizing Social Security Produce Efficiency Gains? MÅRTEN PALME, Stockholm University, PAUL SÖDERLIND, University of St. Gallen, and ANNIKA SUNDEN, National Social Insurance Board and Stockholm University--Investment Choice in the Swedish Premium Pension Plan Discussants:
OLIVIA MITCHELL, University of Pennsylvania Jan. 7, 10:15 am Cars, Gas, and Pollution Policies (D0, H0, L0, O0, Q0) Presiding: MARGARET WALLS, Resources for the Future ANTONIO BENTO, University of California-Santa Barbara, LAWRENCE GOULDER, MARK JACOBSEN, EMERIC HENRY, Stanford University, and ROGER VAN HAEFEN, University of Arizona--Efficiency and Distributional Impacts of U.S. Policies to Reduce Automobile Pollution IAN PARRY, Resources for the Future--Is Pay-as-You-Drive Insurance a Better Way to Reduce Gasoline than Gasoline Taxes? SARAH WEST, Macalester College, and ROBERTON WILLIAMS, University of Texas-Austin--The Cost of Reducing Gasoline Consumption DON FULLERTON and LI GAN, University of Texas-Austin--Cost-Effective Policies to Reduce Vehicle Emissions Discussants:
KENNETH SMALL, University of California Jan. 7, 10:15 am The Future of Medicare (Lectures) Presiding: JONATHAN SKINNER, Dartmouth College JOSEPH P. NEWHOUSE, Harvard University MARK McCLELLAN, Centers for Medicare and Medicaid Services ROBERT REISCHAUER, Urban Institute Jan. 7, 10:15 am Industrial Organization--Poster Session (L0) Presiding: ROBERT PORTER, Northwestern University ALEXANDER MATROS, University of Pittsburgh--Players with Fixed Resources in Elimination Tournaments TATIANA KORNIENKO, University of Stirling, UK, and ED HOPKINS, University of Edinburgh, UK--All Must Have Prizes? Tournaments, Matching and Inequality MATTHIEU WYART and JEAN-PHILIPPE BOUCHAUD--Self-referential Behavior, Overreaction and Conventions in Markets FLAVIO TOXVAERD, Hebrew University of Jerusalem, and ALEX GERSHKOV--Auctioneer Estimates and Credulous Buyers Revisited CHERYL LONG and TAKAO KATO, Colgate University--Executive Compensation, Firm Performance, and Corporate Governance in China: Evidence from Firms Listed in the Shanghai and Shenzhen Stock Exchanges CLAUDIA M. LANDEO and MAXIM
NIKITIN, University of Alberta--Deterrence,
Lawsuits, and Litigation Outcomes under DAN BERNHARDT, University of Illinois-Urbana-Champaign, and NADIA MASSOUD--Endogenous ATM Networks and Pricing DAVID JUST, Cornell University, STEVEN WU, Ohio State University, and LARA PLATT, Cornell University--The Prevalence of Negative Incentives in Contracts and Non-Expected Utility EDWIN LAI, City University of Hong Kong, RAYMOND RIEZMAN, University of Iowa, and PING WANG, Vanderbilt University--Outsourcing of Innovation GIORDANO MION, CORE-UCL, and MIREN LAFOURCADE--Concentration, Spatial Clustering and the Size of Plants: Disentangling the Sources of Co-location Externalities HILARY SIGMAN, Rutgers University-New Brunswick--The Effects of Environmental Liability on Brownfield Redevelopment JASJIT SINGH, Harvard Business School--Collaborative Networks as Determinants of Knowledge Diffusion Patterns KAI SUELZLE, IFO Institute for Economic Research--Duopolistic Competition between Independent and Collaborative B2B Marketplaces PAUL LEIBY, Oak Ridge National Laboratory, JONATHAN RUBIN, University of Maine, and DAVID GREENE--Tradable Fuel Economy Credits for Cars and Light Trucks ROBERT OXOBY, University of Calgary, and COLETTE FRIEDRICH--Trust and the Structure of Incentives TOSHIAKI IIZUKA, Vanderbilt University--An Empirical Analysis of Planned Obsolescence TUNAY TUNCA and HAIM MENDELSON, Stanford University--Liquidity in Industrial Exchanges VICENTE PONS, WILLIAM N. GOETZMANN, Yale University, and S. ABRAHAM RAVID, Rutgers University-Newark--Soft Information, Hard Sell: The Role of Soft Information in the Pricing of Intellectual Property XINYU HUA, Northwestern University--Stategic Ex-ante Contracts: Rent Extraction and Opportunity Costs Jan. 7, 10:15 am New Perspectives on Reputation and Debt (F0, N0) Presiding: JONATHAN EATON, New York University V.V. CHARI and PATRICK KEHOE, University of Minnesota--Why Do Governments Issue So Much Short-Term External Debt? MARK WRIGHT, Stanford University--Coordinating Creditors in Reputation Models of Debt KENNETH ROGOFF, Harvard University, and JEREMY BULOW, Stanford University--Grants versus Loans for Development Banks Discussants:
ANDREW ATKESON, University of California Jan. 7, 10:15 am A New Lens on the Labor Market: Using Longitudinal Matched Employer-Employee Data (J0, L0) Presiding: JOHN HALTIWANGER, University of Maryland JOHN ABOWD, Cornell University and NBER, ROBERT CREECY, and KEVIN McKINNEY, U.S. Bureau of the Census--Who You Are vs. Where You Work: Using a Mixed-Effects Model to Decompose Wages FREDRIK ANDERSSON, Urban Institute, MATTHEW FREEDMAN, University of Maryland, JOHN HALTIWANGER, University of Maryland and NBER, JULIE LANE, National Science Foundation, KATHRYN SHAW, Stanford University and NBER--Earnings Profiles, Worker Turnover and Demand Shocks in the Software Industry SEBASTIEN DELARRE, INSEE, RICHARD DUHAUTOIS, INSEE-CREST, and FRANCIS KRAMARZ, INSEE-CREST, CEPR, and IZA--Networks of Mobility JOHN ABOWD, Cornell University, JOHN HALTIWANGER, University of Maryland and NBER, JULIA LANE, National Science Foundation, KEVIN McKINNEY, and KRISTIN SANDUSKY, U.S. Bureau of the Census--The Impact of Changing Technology on the Demand for Older Workers Discussants:
CHARLES BROWN, University of Michigan Jan. 7, 10:15 am New Developments in High School Economics (A2) Presiding: MICHAEL WATTS, Purdue University ALAN KRUEGER, Princeton University--Using a Web-Based Questionnaire as an Aide for High School Economics Instruction DON R. LEET, California State University-Fresno, and JANE S. LOPUS, California State University-Hayward--A Review of High School Economics Textbooks STEPHEN BUCKLES, Vanderbilt University, and WILLIAM WALSTAD, University of Nebraska-Lincoln--The National Assessment of Educational Progress in Economics: Framework, Features, and Specifications WILLIAM WALSTAD, University of Nebraska-Lincoln, and MICHAEL WATTS, Purdue University--Research in Economic Education in the Schools: Findings and an Agenda Discussants:
RAE JEAN GOODMAN, U.S. Naval Academy Jan. 7, 10:15 am Practical Market Design: Four Matches (C0) Presiding: ALVIN ROTH , Harvard University PARAG PATHAK, ATILA ABDUKADIROGLU, Columbia University, and ALVIN ROTH, Harvard University--The New York City High School Match ATILA ABDUKADIROGLU, Columbia University, PARAG PATHAK, ALVIN ROTH, Harvard University, and TAYFUN SONMEZ, Koc University and Harvard University--The Boston Public School Match MURIEL NIEDERLE, Stanford University, and ALVIN ROTH, Harvard University--Reconstituting a Gastroenterology Fellowship Match UTKU UNVER, Koc University, ALVIN ROTH, Harvard University, and TAYFUN SONMEZ, Koc University and Harvard University--A Kidney Exchange Clearinghouse in New England Discussant: PAUL MILGROM, Stanford University Jan. 7, 10:15 am New Approaches to Discrimination (J0) Presiding: STEVEN D. LEVITT, University of Chicago and American Bar Foundation MARIANNE BERTRAND, University of Chicago, and SENDHIL MULLAINTHAN, Massachusetts Institute of Technology--Implicit Discrimination REBECCA BLANK, University of Michigan--Tracing the Economic Impact of Cumulative Discrimination GLENN LOURY, Boston University, and HANMING FANG, Yale University--‘Dysfunctional Identities’ Can Be Rational JOSEPH ALTONJI, Yale University--Employer Learning, Statistical Discrimination and Occupational Attainment Discussants:
DAN BLACK, Syracuse University Jan. 7, 10:15 am Modeling and Interpreting Policy Actions (E0, C0, N0) Presiding: PETER TINSLEY, George Washington University CHARLES L. EVANS and DAVID MARSHALL, Federal Reserve Bank of Chicago--Identifying Fundamental Shocks Using Model-Based Measures SHARON KOZICKI, Federal Reserve Bank of Kansas City, and PETER TINSLEY, George Washington University--Greenbook Natural Rates for Unemployment and Inflation WILLIAM A. BROCK and STEVEN N. DURLAUF, University of Wisconsin-Madison--Local Robustness Analysis: Theory and Application JOHN C. WILLIAMS, Federal Reserve Bank of San Francisco--Optimal Monetary Policy in a Model with Unobserved Time-Varying Parameters Discussants:
MARK WATSON, Princeton University Jan. 7, 10:15 am Political Economics of Equity Markets (D0, G0) Presiding: JEFFREY MILYO, University of Chicago RANDALL KROSZNER, University of Chicago, and THOMAS STRATMANN, George Mason University--Corporate Campaign Contributions, Repeat Giving, and the Rewards to Legislator Reputation SCOTT SMART, Indiana University, and JEFFREY MILYO, University of Chicago--Sex, Money and Power: Market Reaction to a Sudden Change in Political Leadership ERIC HELLAND, Claremont McKenna College--Reputational Penalties and the Merits of Class Action Securities Litigation Discussants:
JEFFREY MILYO, University of Chicago Jan. 7, 10:15 am Innovations of U.S. Commercial Policy: Economics of the New Regionalism (F0) Presiding: ROBERT BALDWIN, University of Wisconsin AYHAN KOSE and ALESSANDRO REBUCCI, International Monetary Fund--How Do Regional Trade Agreements Affect Business Cycles? NAFTA and CAFTA SHERRY STEPHENSON, Organization of American States--The Free Trade Area of the Americas: How Deep an Integration in the Western Hemisphere? MICHAEL G. PLUMMER, Johns Hopkins University, and SEIJI NAYA, East-West Center--The Economics of the U.S. Enterprise for ASEAN Initiative MORDECHAI E. KREININ, Michigan State University, JORGE GONZALEZ, Trinity University, and Michael G. Plummer, John Hopkins University--International Price Effects of NAFTA Discussants:
RACHEL McCULLOCH, Brandeis University Jan. 7, 10:15 am Institutional Change in Transition and Development (D0, J0, P0, L0, O0) Presiding: JAN SVEJNAR, University of Michigan GERARD ROLAND, University of California--Institutions and Entrepreneurship in Transition TITO BOERI, Bocconi University, and MARION MACIS, University of Chicago--Institutional Tradeoffs in the Transition LEORA KLAPPER, LUC LAEVEN, World Bank, and RAGHURAM RAJAN, International Monetary Fund--Institutions, Business Environment and Firm Entry Discussants:
STANLEY FISCHER, Citigroup Jan. 7, 10:15 am NAFTA: Past, Present and Future (F2) Presiding: DOMINICK SALVATORE, Fordham University AGUSTIN CARSTENS, International Monetary Fund--Mexico's Benefits and Costs from NAFTA JAMES DEAN, Simon Fraser University, and VIVEK H. DEHEJIA, Carleton University--The Social Dimensions of Globalization: NAFTA Ten Years On GEORGE VON FURSTENBERG, Indiana University--Mexico in NAFTA: Welfare-Benefit Dissipation Due to Lack of a Common Currency DOMINICK SALVATORE, Fordham University--NAFTA: Expectations versus Outcomes THOMAS WILLETT, Claremont Graduate University--What Exchange Rate Regimes for NAFTA? Jan. 7, 2:30 pm Novel Approaches to Welfare Economics and Measurement Presiding: SABINA ALKIRE, Harvard University WIEBKE KUKLYS, Max Planck Institute for Research in Economic Systems, Jena, and INGRID ROBEYNS, University of Amsterdam--Sen's Capability Approach to Welfare Economics PRASANTA PATTANAIK, University of California-Riverside--Dominance, Paternalism and Standard of Living Comparisons in the Framework of Functionings WULF GAERTNER, University of Osnabruck, and YONGSHENG XU, Georgia State University--Alternative Proposals to Measure the Standard of Living when its Development over Time Is Uncertain SABINA ALKIRE, Harvard University--Measuring the Freedom Aspects of Capabilities Discussants:
SUDHIR ANAND, University of Oxford Jan. 7, 2:30 pm Regulation and the High Cost of Housing Presiding: ANITA SUMMERS, University of Pennsylvania JOHN M. QUIGLEY and STEVEN RAPHAEL, University of California-Berkeley--Local Land-Use Regulation and the High Price of Housing: California During the 1990s EDWARD L. GLAESER, Harvard University, and JOSEPH GYOURKO, University of Pennsylvania--Why Have Housing Prices Gone Up? RICHARD K. GREEN, George Washington University, STEPHEN MALPEZZI, University of Wisconsin, and STEPHAN K. MAYO, Lincoln Institute of Land Policy--Metropolitan-Specific Estimates of the Price Elasticity of Supply of Housing, and Their Sources Discussants:
EDGAR OLSEN, University of Virginia Jan. 7, 2:30 pm Neuroscientific Foundations of Economics Presiding: ERNST FEHR, University of Zurich JONATHAN COHEN, Princeton University--The Vulcanization of the Human Brain: The Neural Bases of Cognition-Emotion Interactions in Decision TANIA SINGER, University College London--The Neuroeconomics of Mind Reading and Empathy ERNST FEHR and URS FISCHBACHER, University of Zurich--Neuroeconomic Foundations of Trust and Social Preferences: Initial Evidence Discussants:
DAVID LAIBSON, Harvard University Jan. 7, 2:30 pm Poverty, Inequality and Conflict Presiding: FRANCES STEWART, University of Oxford TILMAN BRUECK, German Institute for Economic Research (DIW Berlin)--The Welfare Effects of Farm Household Activity Choices in Post-War Mozambique PHILIP VERWIMP, Catholic University of Leuven and Yale University--An Economic Profile of Peasant Perpetrators of Genocide: Micro-Level Evidence from Rwanda PATRICIA JUSTINO, University of Sussex--Redistribution and Civil Unrest FRANCES STEWART, University of Oxford--Policies towards Horizontal Inequalities in Post-Conflict Reconstruction Discussants:
STEFAN DERCON, University of Oxford Jan. 7, 2:30 pm Institutions and International Economics Presiding: T.N. SRINIVASAN, Yale University ROBERT F. OWEN, University of Nantes--Governance and Economic Integration: An Analytical Framework DARON ACEMOGLU, Massachusetts Institute of Technology--Globalization and Democracy HAMID MOHTADI, University of Wisconsin, and TERRY L. ROE, University of Minnesota--Trade, Information and Corruption: A Signaling Game LUIGI GUISO, University of Sassari, PAOLA SAPIENZA, Northwestern University, and LUIGI ZINGALES, University of Chicago--Cultural Biases in Economic Exchange Discussants:
TAMIM BAYOUMI, International Monetary Fund Jan. 7, 2:30 pm Insurance Markets and Health Care Presiding: JONATHAN GRUBER, Massachusetts Institute of Technology MICHAEL CHERNEW, University of Michigan, DAVID CUTLER, and PATRICIA KEENAN, Harvard University--Rising Premiums, Charity Care, and the Decline in Private Health Insurance KATHERINE BAICKER and AMITABH CHANDRA, Dartmouth College--The Consequences of the Growth of Health Insurance Premiums MARK PAULY, University of Pennsylvania--Effects of Insurance Coverage on Use of Care and Health Outcomes For Non-poor Young Women AMY FINKELSTEIN, Harvard University and NBER, KATHLEEN McGARRY, University of California-Los Angeles, and AMIR SUFI--Dynamic Inefficiencies in Insurance Markets: Evidence from Long-Term Care Insurance Discussants:
AMITABH CHANDRA, Dartmouth College Jan. 7, 2:30 pm Alcohol Taxation and Control Presiding: PHILIP COOK, Duke University MICHAEL GROSSMAN, City University of New York, ROBERT KAESTNER, University of Illinois-Chicago, and SARA MARKOWITZ, Rutgers University-Newark--An Investigation of the Effects of Substance Use Policies on Youth Sexually Transmitted Diseases CHRISTOPHER CARPENTER, University of Michigan--Heavy Alcohol Use and Crime: Evidence from Underage Drunk Driving Laws DON KENKEL, Cornell University--Are Alcohol Tax Hikes Fully Passed through to Prices? Evidence from Alaska PHILIP COOK and FRANK SLOAN, Duke University--The Incidence and Fairness of Alcohol Excise Taxes Discussants:
ROSALIE PACULA, RAND Corporation Jan. 7, 2:30 pm Antitrust in the New Economy (Lectures) Presiding: DANIEL
RUBINFELD, University of California-Berkeley Jan. 7, 2:30 pm Perspectives on Research and Teaching in Economics (A2) Presiding: DANIEL S. HAMERMESH, University of Texas-Austin WILLIAM E. BECKER, JR., Indiana University, and PETER KENNEDY, Simon Fraser University--Does Teaching Enhance Research in Economics? WILLIAM WALSTAD and SAM ALLGOOD, University of Nebraska-Lincoln--Research and Teaching in Economics and Other Subjects: Findings from a National Survey of Faculty RONALD G. EHRENBERG, Cornell University--Involving Undergraduate Students in Research to Encourage Undertake PhD Study in Economics Discussants:
JOHN J. SIEGFRIED, Vanderbilt University Jan. 7, 2:30 pm On the 75th Anniversary of the Opportunity Cost Formulation of Comparative Advantage Presiding: RONALD JONES, University of Rochester PAUL SAMUELSON, Massachusetts Institute of Technology--1925-1950 Elizabethan Age for Pure Trade Theory ALAN DEARDORFF, University of Michigan--How Robust is Comparative Advantage? DANIEL BERNHOFEN and JOHN BROWN, Clark University--Comparative Advantage: From Theory to Data Discussants:
RONALD JONES, University of Rochester Jan. 7, 2:30 pm Social Interactions in Education Presiding: DAVID FIGLIO, University of Florida TIM SASS and MARY BURKE, Florida State University--Classroom Peer Effects and Student Achievement DAVID FIGLIO, University of Florida--Boys Named Sue: Disruptive Children and Their Peers BRUCE SACERDOTE, Dartmouth College, and DAVID MARMAROS, Google.com--How Friendships Form Jan. 7, 2:30 pm What Drives Current Accounts in the World? Presiding: FILIPPO DI MAURO, European Central Bank OLIVIER BLANCHARD, Massachusetts Institute of Technology, and FRANCESCO GIAVAZZI, Universita Bocconi--The U.S. Current Account and the Dollar AART KRAAY, World Bank, and JAUME VENTURA, Universitat Pompeu Fabra--International Risk Sharing with Demand Shocks M. BUSSIERE, MARCEL FRATZSCHER, European Central Bank, and G. MUELLER, European University Institute, Florence--Current Account Dynamics in OECD and EU Acceding Countries: An Intertemporal Approach G.M. MILESI-FERRETTI, International Monetary Fund, and PHILIP LANE, Trinity College Dublin--Financial Globalization and Exchange Rates Discussants:
KENNETH ROGOFF, Harvard University Jan. 7, 2:30 pm Dynamic Scoring Presiding: JAMES POTERBA, Massachusetts Institute of Technology ROBERT CARROLL, U.S. Department of the Treasury--Taxpayer Behavior and Dynamic Responses to Tax Changes NICHOLAS BULL, Joint Committee on Taxation, JOHN DIAMOND, James A. Baker III Institute for Public Policy, TIMOTHY DOWD, and PAMELA MOOMAU Joint Committee on Taxation--The Role of Dynamic Scoring in the Federal Budget Process: Closing the Gap between Theory and Practice BENJAMIN PAGE, Congressional Budget Office--CBO's Analysis of the Macroeconomic Effects of the President's Budgets ALAN AUERBACH, University of California-Berkeley, and ERIC ENGEN, American Enterprise Institute--Dynamic Scoring: An Introduction to the Issues Discussants:
AUSTAN GOOLSBEE, University of Chicago Jan. 7, 2:30 Economic News and International Market Reaction Presiding: LINDA GOLDBERG, Federal Reserve Bank of New York JOHN ROGERS, JON FAUST, and JOHN WRIGHT, Federal Reserve Board--The High-Frequency Response of Exchange Rates and Interest Rates to Macroeconomic Announcements LINDA GOLDBERG, Federal Reserve Bank of New York, and MICHAEL KLEIN, Tufts University--Economic News, Inflation Expectations, and Policy Latitude for Central Banks CLARA VEGA, University of Rochester, and FRANCIS X. DIEBOLD, University of Pennsylvania, and TORBEN ANDERSEN, Northwestern University--Joint Real Time Price Discovery in Stock, Bond, and Foreign Exchange Markets Discussants: RICHARD LYONS, University of California-Berkeley Jan. 7, 2:30 pm International Corporate Governance Presiding: LAURA T. STARKS, University of Texas CRAIG DOIDGE, University of Toronto, G. ANDREW KAROLYI, and RENE M. STULZ, Ohio State University--Why Do Countries Matter So Much for Governance? KOSE JOHN, LUBOMIR LITOV and BERNARD YEUNG, New York University--Corporate Governance and Managerial Risk Taking: Theory and Evidence MIHIR A. DESAI, ALEXANDER DYCK, Harvard University, and LUIGI ZINGALES, University of Chicago--Corporate Governance and Taxation Discussants:
B. ESPEN ECKBO, Dartmouth College Jan. 7, 2:30 pm Returns to Schooling and Investment in Education in China's Economic Transition (P0, J0, H0) Presiding: BELTON FLEISHER, Ohio State University DENNIS YANG, Virginia Tech--Determinants of Schooling Returns during Transition: Evidence from Chinese Cities BELTON FLEISHER, Ohio State University, HAIZHENG LI, Georgia Institute of Technology, and SHI LI, China Academy of Social Sciences--Sorting, Selection, and Transformation of the Return to College Education in China BELTON FLEISHER, Ohio State University, and XIAOJUN WANG, University of Hawaii--Semi-parametric Estimation of Returns to Schooling in China's Econonomic Transformation GREGORY CHOW, Princeton University, and YAN SHEN, Peking University--The Role of Private Funding in China's Education System Discussants:
JEFFERY ZAX, University of Colorado Jan. 7, 2:30 pm The Andrew Brimmer Policy Forum: National Economic and Financial Policies for Growth, Employment, and the Improvement of Equity Presiding: EDWARD J. KANE, Boston College ROGER W. FERGUSON, JR., Federal Reserve Board--U.S. Monetary Policy Speaker to be announced--Economic Policy Goals of the President ALLEN SINAI, Decision Economics, Inc.--Fiscal Policy and the Economy: Retrospect and Prospect ANDREW F. BRIMMER, Brimmer & Company and University of Massachusetts-Amherst--Prospects for a New Economic Policy Agenda Discussants:
DANIEL J.B. MITCHELL, University of California-Los Angeles Jan. 7, 4:45 pm Richard T. Ely Lecture Presiding: DANIEL
McFADDEN, University of California-Berkeley Jan. 8, 8:00 am Economic Identity Presiding: ALAN KIRMAN, Universite d'Aix-Marseille ROBERT SUGDEN, University of East Anglia--Identity as Responsibility GEORGE AKERLOF, University of California-Berkeley, and RACHEL KRANTON, University of Maryland--Identity, Work Incentives and Organizations ROLAND BENABOU, Princeton University, and JEAN TIROLE, University of Toulouse--A Cognitive Theory of Identity ALAN KIRMAN, Universite d'Aix-Marseille, and MIRIAM TESCHL, University of Cambridge--Does It Matter "Who" the Economic Agent Is? Discussants:
B. DOUGLAS BERNHEIM, Stanford University Jan. 8, 8:00 am Drugs for Developing Countries Presiding: HENRY GRABOWSKI, Duke University FREDERIC SCHERER, Harvard University--Patents and Third World Pharmaceutical Supply WILLIAM DOW, University of California-Berkeley--Pharmaceutical Demand in Latin America ERNST BERNDT, Massachusetts
Institute of Technology, RACHEL GLENNERSTER, Massachusetts Institute
of Technology Poverty Action Lab, MICHAEL KREMER and JEAN LEE, Harvard
University, RUTH LEVINE, Center for Global Development, GEORG WEIZSACKER,
London School of Economics, and HEIDI WILLIAMS, National Bureau of Economic
Research--Advanced Markets for a Malaria
Vaccine: Estimating Costs and Effectiveness HENRY GRABOWSKI, DAVID RIDLEY, and JEFF MOE, Duke University--Developing Drugs for Developing Countries Discussants:
HANNAH KETTLER, Gates Foundation Jan. 8, 8:00 am Understanding the World Income Distribution Presiding: MARLA RIPOLL, University of Pittsburgh MARLA RIPOLL, University of Pittsburgh, and JUAN-CARLOS CORDOBA, Rice University--Agriculutre, Aggregation, and Development Accounting THORSTEN BECK, ASLI DEMIRGUC-KUNT, World Bank, and ROSS LEVINE, University of Minnesota--Finance, Inequality, and Poverty: Cross-County Evidence STEPHEN PARENTE, University of Illinois-Urbana-Champaign, and EDWARD PRESCOTT, Arizona State University and Federal Reserve Bank of Minneapolis--A Unified Theory of the Evolution of International Income Levels FRANCESCO CASELLI, Harvard University--The Missing Input: Accounting for Cross-Country Income Differences Discussants:
RICHARD ROGERSON, Arizona State University Jan. 8, 8:00 am Individual Differences/Styles in Expert and Creative Work: Empirical Evidence, Models, Implications Presiding: JONATHAN FEINSTEIN, Yale University DAVID GALENSON, University of Chicago--A Portrait of the Artist as a Very Young or Very Old Innovator: Creativity at the Extremes of the Life Cycle MARIANNE BERTRAND, University of Chicago, and ANTOINETTE SCHOAR, Massachusetts Institute of Technology--Where Do |
