These are 2008 AEA Conference Papers; please see also the full 2009 ASSA Preliminary Program Schedule. For Instructions to authors of Papers & Proceedings, see  http://www.aeaweb.org/aer/papers.html.


New: Go to Author Index (Sorted by Name or by Affiliation)

Show Only Papers where Download is Available:


Friday, January 4, 8:00 AM

Friday, January 4, 8:00 AM
Session: Better Living Through Economics: I (AEA)
Presiding: John Siegfried (Vanderbilt University)

Using Economic Theory and Empirical Results to Improve the World We Live In
Charles Plott (California Institute of Technology)

Friday, January 4, 8:00 AM
Session: Dynamic Bargaining and Coalition Formation (AEA)
Presiding: Muhamet Yildiz (Massachusetts Institute of Technology)

Durability of Bargaining Power and Deadline Effect
Alp Simsek (Massachusetts Institute of Technology)
Muhamet Yildiz (Massachusetts Institute of Technology)

Bargaining With Arrival of New Traders
William Fuchs (University of Chicago)
Andrzej Skrzypacz (Stanford University Graduate School of Business)
Download Full-Text of Paper


Coalition Formation in Nondemocracies
Daron Acemoglu (Massachusetts Institute of Technology)
Georgy Egorov (Harvard University)
Konstantin Sonin (New Economic School)
Download Full-Text of Paper


Fixed Deadline Multilateral Bargaining with Random Arrival Times
Attila Ambrus (Harvard University)
Shih-En Lu (Harvard University)

Friday, January 4, 8:00 AM
Session: The Economic Effects of Informal Care around the World (AEA)
Presiding: Courtney van Houtven (Duke University)

The Effect Of Parental Caregiving On Adult Children's Health and Wealth
Norma Coe (Tilburg University)
Courtney van Houtven (Duke University)

Do Matching Transfers Provide a Tailor-made Solution to the LTC-SI in Germany? Evidence from Social Experiments in Germany
Alexander Spearmann (ZEW-Centre for European Economic Research)
Melanie Arntz (ZEW-Centre for European Economic Research)
Stephan Thomsen (ZEW-Centre for European Economic Research)

Caring for Parents and Employment Status of European Mid-Life Women
Laura Crespo (Centro de Estudios Monetarios y Financieros (CEMFI))

Informal Care and Employment in England: Evidence from the British Household Panel Survey
Pierre-Carl Michaud (RAND Corporation)
Axel Heitmueller (London Business School and Prime Minister's Strategy Unit)

Friday, January 4, 8:00 AM
Session: Asset Prices with Learning (AEA)
Presiding: Klaus Adam (European Central Bank)

The Market Price of Risk and the Equity Premium: A Legacy of the Great Depression?
Timothy Cogley (University of California, Davis)
Thomas J. Sargent (New York University)

Evolving Macroeconomic Perceptions and the Term Structure of Interest Rates
Athanasios Orphanides (Central Bank of Cyprus)
Min Wei (Federal Reserve Board)
Download Full-Text of Paper


Can Perpetual Learning Explain the Forward Premium Puzzle?
Avik Chakraborty (University of Tennessee)
George Evans (University of Oregon)
Download Full-Text of Paper


Stock Market Volatility and Learning
Klaus Adam (European Central Bank)
Albert Marcet (CREI, Pompeu Fabra, IAB)
Juan Pablo Nicolini (Universidad Torcuato di Tella)
Download Full-Text of Paper


Friday, January 4, 8:00 AM
Session: Technology Adoption in Developing Countries (AEA)
Presiding: Dean Yang (University of Michigan)

Selection and Comparative Advantage in Technology Adoption
Tavneet Suri (Massachusetts Institute of Technology)

Technology Adoption and Network Formation: Evidence from a Horticultural Credit and Export Program in Kenya
Xavier Gine (World Bank)
Nava Ashraf (Harvard University)
Dean Karlan (Yale University)

Insurance, Credit, and Technology Adoption: Field Experimental Evidence from Malawi
Dean Yang (University of Michigan)
Xavier Gine (World Bank)
Download Full-Text of Paper


Causes and Consequences of Indoor Air Pollution: A Randomized Intervention Study in Bangladesh
A. Mushfiq Mobarak (University of Colorado)
Grant Miller (Stanford University)
Lynn Hildemann (Stanford University)

Friday, January 4, 8:00 AM
Session: Dynamic Tradeoffs in Health Care Decisions (AEA)
Presiding: Hanming Fang (Yale University)

Social Smoking versus Addiction
Jerome Adda (University College London, UK)

The Impact of Unemployment on Health Investments and Risky Behaviors
John Cawley (Cornell University)
Feng Liu (Cornell University)

Dynamic Inefficiencies in Health Care Markets
Hanming Fang (Yale University)
Alessandro Gavazza (Yale University)

Time Preference, Time Discounting, and Smoking Decisions
Ahmed Khwaja (Duke University)
Dan Silverman (University of Michigan)
Frank Sloan (Duke University)
Download Full-Text of Paper


Friday, January 4, 8:00 AM
Session: Marriage Markets: Theory and Empirics (AEA)
Presiding: Christopher Flinn (New York University)

Social Norms and Demographic Shocks: Marriage Markets and Dowries in Medieval Tuscany
Maristella Botticini (University of Torino)

Are Working Women Good for Marriage?
Zvika Neeman (Boston University)
Andrew Newman (Boston University)
Claudia Olivetti (Boston University)

Household Time Allocation and Modes of Behavior: A Theory of Sorts
Daniela Del Boca (Univeristy of Torino)
Christopher Flinn (New York University)
Download Full-Text of Paper


Friday, January 4, 8:00 AM
Session: Neural Foundations of Simple Economic Decision Making (AEA)
Presiding: Antonio Rangel (California Institute of Technology)

Neural Predictors of Purchases
Brian Knutson (Stanford University)
Scott Rick (Carnegie Mellon University)
Elliott Wimmer (Stanford University)
Drazen Prelec (Massachusetts Institute of Technology)
George Loewenstein (Carnegie Mellon University)

The Neural Basis for the Computation of Decision Values in Simple Economic Choice
Hilke Plassman (California Institute of Technology)
John O'Doherty (California Institute of Technology)
Antonio Rangel (California Institute of Technology)

Losses loom larger than gains on the brain: The Neural Basis of loss aversion in decision making under risk
Craig Fox (University of California, Los Angeles)
Sabrina Tom (University of California, Los Angeles)
Chrisopher Trepel (University of California, Los Angeles)
Russell Poldrack (University of California, Los Angeles)
Download Full-Text of Paper


Neural Mechanisms Underlying Temptation and Control
David Laibson (Harvard University)
Samuel McClure (Princeton University)
Dan Ariely (Massachusetts Institute of Technology)
Jonathan Cohen (Princeton University)

Friday, January 4, 8:00 AM
Session: New Evidence on the Great Moderation of US Business Cycle volatility (AEA)
Presiding: Giorgio Primiceri (Northwestern University)

VAR Analysis and the Great Moderation
Luca Benati (European Central Bank)
Paolo Surico (Bank of England)
Download Full-Text of Paper


First Time Home Buyers and Residential Investment Volatility
Jonas Fisher (Federal Reserve Bank of Chicago)
Martin Gervais (University Western Ontario)

Has the Federal Reserve's Inflation Target Changed?
Zheng Liu (Emory University)
Daniel Waggoner (Federal Reserve Bank of Atlanta)
Tao Zha (Federal Reserve Bank of Atlanta)
Download Full-Text of Paper


How Structural are Structural Parameters? Time-Varying Parameters and the Great Moderation
Jesus Fernandez-Villaverde (University of Pennsylvania)
Juan Rubio-Ramirez (Duke University)

Friday, January 4, 8:00 AM
Session: Macroeconomic News and Financial Markets (AEA)
Presiding: Samuel Reynard (Swiss National Bank)

Strategic Order Flow in On-the-Run and Off-the-Run Bond Markets
Paolo Pasquariello (University of Michigan)
Clara Vega (Federal Reserve Board)

Using Intraday Data to Gauge Financial Market Responses to Fed and ECB Monetary Policy Decisions
Magnus Andersson (European Central Bank)
Download Full-Text of Paper


Global Asset Prices and FOMC Announcements
Joshua Hausman (Federal Reserve Board)
Jon Wongswan (Federal Reserve Board)

Monetary Policy, Expectations, and Financial Markets
Angelo Ranaldo (Swiss National Bank)
Samuel Reynard (Swiss National Bank)

Friday, January 4, 8:00 AM
Session: A Historical Perspective on Money and Payment Systems (AEA)
Presiding: Nathan Sussman (Hebrew University)

The Evolution of the Check as a Means of Payment: a Historical Survey
Stephen Quinn (Texas Christian University)
William Roberds (Federal Reserve Bank of Atlanta)
Download Full-Text of Paper


The 'Kipper- und Wipperzeit' and the Origin of Central Banks
Isabel Schnabel (Max Planck Institute for Research on Collective Goods, Bonn)
Hyun Shin (Princeton University)
Download Full-Text of Paper


Coin Inspection Technology and Commodity Money
Vincent Bignon (University of Paris 10 at Nanterre & Sciences-Po)
Richard Dutu (University of Waikato, New Zealand)
Download Full-Text of Paper


Friday, January 4, 8:00 AM
Session: The Economic Geography of Trade and Production (AEA)
Presiding: Stephen Redding (London School of Economics)

The Productivity Advantages of Large Cities: Distinguishing Agglomeration from Firm Selection
Gilles Duranton (University of Toronto)
Pierre-Philippe Combes (University of Aix-Marseille)
Laurent Gobillon (Institut National d'Etudes Demographiques)
Diego Puga (Universitat Pompeu Fabra)
Sebastien Roux (Institut National de la Statistique et des Etudes Economiques)
Download Full-Text of Paper


Multiple Equilibria in Industrial Location: Evidence from German Airports
Stephen Redding (London School of Economics)
Daniel Sturm (London School of Economics)
Nikolaus Wolf (University of Warwick)

The Long Term Consequences of Regional Specialization
Guy Michaels (London School of Economics)
Download Full-Text of Paper


The productivity, trade and institutional quality nexus: a panel analysis
Eleanor Doyle (Department of Economics, University College Cork, Ireland)
Inmaculada Martinez-Zarzoso (Ibero Amerika Institute for Economic Research, University of Goettingen, Germany and Department of Economics, Universitate Jaume I, Castellon, Spain)
Download Full-Text of Paper


Friday, January 4, 8:00 AM
Session: Taxes and Factor Mobility (AEA)
Presiding: Alicia Menendez (University of Chicago)

Taxes and Employment Subsidies in Optimal Redistribution Programs
Paul Beaudry (University of British Columbia)
Charles Blackorby (University of Warwick)
Dezsoe Szalay (University of Warwick)
Download Full-Text of Paper


Tax Competition Among U.S. States: Racing to the Bottom or Riding on a Seesaw?
Robert Chirinko (University of Illinois at Chicago and CESifo)
Daniel Wilson (Federal Reserve Bank of San Francisco)
Download Full-Text of Paper


Institutions, Informality, and Wage Flexibility
Marcello Estevao (International Monetary Fund)

The Impact of Payroll Taxes upon Employment, Wages, the Unemployment Rate and Informality -- Theory and Simulations for Colombia
Donald Robbins (University of Antioquia, Medellin, Colombia)
Daniel Salinas (University of Antioquia, Colombia)
Edison Ruiz (University of Antioquia, Colombia)
Download Full-Text of Paper


Friday, January 4, 8:00 AM
Session: Job and Occupational Mobility (AEA)
Presiding: Giuseppe Moscarini (Yale University)

Firm vs. Occupation in Labor Markets: A Cross Analysis of Wage, Mobility, and Promotion
Illoong Kwon (SUNY Albany)
Eva Meyersson Milgrom (Stanford University)
Download Full-Text of Paper


Big Fish in Small Pond or Small Fish in Big Pond? Money and Status in the Labor Market
Ana Rute Cardoso (IZA Bonn)
Download Full-Text of Paper


Separation Costs and Stochastic Productivity in a Matching Model of Job Turnover
Ioana Marinescu (University of Chicago)
Download Full-Text of Paper


Occupational Mobility and the Business Cycle
Giuseppe Moscarini (Yale University)
Francis Vella (Georgetown University, Department of Economics)

Friday, January 4, 8:00 AM
Session: Assessment of Economics in U.S. High Schools and Undergraduate Programs (AEA)
Presiding: Wendy A. Stock (Montana University)

The National Assessment of Educational Progress in Economics: Findings for General Economics
William Walstad (University of Nebraska-Lincoln)
Stephen Buckles (Vanderbilt University)
Download Full-Text of Paper


The Fourth Edition of the Test of Understanding of College Economics
William Walstad (University of Nebraska-Lincoln)
Kenneth Rebeck (St. Cloud State University)
Download Full-Text of Paper


Assessment Practices and Trends in Undergraduate Economics Courses
Georg Schaur (University of Tennessee-Knoxville)
William Becker (Indiana University)

Friday, January 4, 8:00 AM
Session: Firm Heterogeneity and International Trade (AEA)
Presiding: Kala Krishna (Pennsylvania State University)

Endogenous Variety and the Gains from Trade
Andres Rodriguez-Clare (Pennsylvania State University)
Svetlana Demidova (University of Georgia)
Peter J. Klenow (Stanford University)
Konstantinos Arkolakis (Yale University)
Download Full-Text of Paper


Firm Heterogeneity and Export Activity: Investments in R&D of Taiwanese Firms
Bee-Yan Roberts (Pennsylvania State University)
Mark Roberts (The Pennsylvania State University)
Daniel Xu (New York University)

Trade Policy Differences and Firm Characteristics: Evidence from Bangladesh
Hiau Looi Kee (World Bank)
Kala Krishna (Pennsylvania State University)

Friday, January 4, 8:00 AM
Session: Understanding School Performance (AEA)
Presiding: Richard Murnane (Harvard University)

School Quality and the Black-White Achievement Gap
Eric Hanushek (Stanford University)
Steven Rivkin (Amherst College)

Are Public Sector CEOs Different? Leadership Wages and Performance in Schools
Timothy Besley (London School of Economics)
Stephen Machin (University College London)

Pupil-Teacher Gender Interaction Effects on Scholastic Outcomes in England and the USA
Andreas Ammermueller (Centre for European Economic Research (ZEW), Germany)
Peter Dolton (Royal Holloway College)

Am I missing Something? The effects of absence from class on student performance
Wiji Arulampalam (University of Warwick)
Jeremy Smith (University of Warwick)
Robin Naylor (University of Warwick)
Download Full-Text of Paper


Friday, January 4, 8:00 AM
Session: Marriage and Motherhood in Developing Countries (AEA)
Presiding: Nancy Qian (Brown University)

Motherhood and Female Labor Force Participation: Evidence from Infertility Shocks
Jorge M. Aguero (University of California, Riverside)
Mindy Marks (University of California-Riverside)
Download Full-Text of Paper


Prostitutes and Brides
Manisha Shah (University of Melbourne)
Raj Arunachalam (University of Melbourne)

Stress and Birth Outcomes: Evidence from terrorist attacks
Adriana Camacho (Brown University)
Download Full-Text of Paper


Work and Marriage: Child Labor, Marriage Matches, and Bride Prices in Rural Tanzania
Rajeev Dehejia (Tufts University and NBER)
Kathleen Beegle (World Bank)
Roberta Gatti (World Bank and CPER)
Download Full-Text of Paper




Friday, January 4, 10:15 AM

Friday, January 4, 10:15 AM
Session: Toward the Microtheory of Entrepreneurship (AEA)
Presiding: Robert Strom (Ewing Marion Kauffman Foundation)

Entrepreneurs in the Theory of the Firm
Daniel Spulber (Northwestern University)
Download Full-Text of Paper


The Knowledge Spillover Theory of Entrepreneurship
David Audretsch (Indiana University & Max Planck Institute)

Entrepreneurial Activities: A Microeconomic Analysis
Vincy Fon (George Washington University)
Ying Lowrey (U.S. Small Business Administration & George Washington University)
Download Full-Text of Paper


Entrepreneurship and Innovation: The (Micro) Theory of Price and Profit
William Baumol (New York University)
Download Full-Text of Paper


Friday, January 4, 10:15 AM
Session: Convergence in Macroeconomics? (AEA)
Presiding: Olivier Blanchard (Massachusetts Institute of Technology)

Convergence in macroeconomics?
Ricardo Caballero (Massachusetts Institute of Technology)

Convergence in macroeconomics?
Patrick Kehoe (Minnesota)

Convergence in macroeconomics?
Robert Shimer (University of Chicago)

Convergence in macroeconomics?
Michael Woodford (Columbia University)

Friday, January 4, 10:15 AM
Session: Learning from your Colleagues? Theory and Evidence (AEA)
Presiding: Edward Glaeser (Harvard University)

Are Elite Universities Losing their Competitive Edge?
Han Kim (University of Michigan)
Adair Morse (University of Chicago)
Luigi Zingales (University of Chicago)
Download Full-Text of Paper


Superstar Extinction
Pierre Azoulay (Massachusetts Institute of Technology and NBER)
Joshua Zivin (Columbia Universityand NBER)
Jialan Wang (Massachusetts Institute of Technology)
Download Full-Text of Paper


Geography and Innovation: Evidence from Nobel Laureate Scientists
Bruce Weinberg (Ohio State University)

First in Village or Second in Rome
Ettore Damiano (University of Toronto)
Hao Li (University of Toronto)
Wing Suen (University of Hong Kong)
Download Full-Text of Paper


Friday, January 4, 10:15 AM
Session: Economics of Traffic Safety: Children, Teenagers and the Elderly (AEA)
Presiding: Steve Levitt (University of Chicago)

Evaluating the Effectiveness of Child Safety Seats and Seat Belts in Protecting Children from Injury
Steve Levitt (University of Chicago)
Joseph Doyle (Massachusetts Institute of Technology)
Download Full-Text of Paper


Behavioral Impact of Graduated Driver Licensing on Teenage Driving Risk and Exposure
Pinar Karaca-Mandic (University of Minnesota)
Greg Ridgeway (RAND Corporation)
Download Full-Text of Paper


Traffic Safety, Organ Donations and the Theory of the Second Best
Thomas Dee (Swarthmore College)

Estimating the Accident Risk of Older Drivers
David Loughran (RAND Corporation)
Seth Seabury (RAND Corporation)
Download Full-Text of Paper


Friday, January 4, 10:15 AM
Session: Globalization and International Labor Mobility (AEA)
Presiding: John McLaren (University of Virginia)

The Globalization of Household Production
Michael Kremer (Harvard University, Brookings Institution, Center for Global Development, and NBER)
Stanley Watt (International Monetary Fund)

Workers Without Borders? Culture, Migration and the Political Limits to Globalization
Sanjay Jain (University of Virginia)
Sharun Mukand (Tufts University)

International Migration Policy
Gordon Hanson (University of California, San Diego and NBER)

Endogenous Migration Policy Through Majority Voting: An Empirical Investigation
Giovanni Facchini (University of Illinois at Urbana Champaign, Universita' degli Studi di Milano and CEPR)
Anna Maria Mayda (Georgetown University, CEPR and IZA)

Friday, January 4, 10:15 AM
Session: Charitable Contributions -Theory and Experimental Evidence (AEA)
Presiding: John List (University of Chicago)

An Experimental Test of the Impure Altruism Model of Giving
Lise Vesterlund (University of Pittsburgh)
Mark Wilhelm (Indiana University Purdue University-Indianapolis)
Huan Xie (University of Pittsburgh)

Keeping Up with the Joneses: The Relationship between Norms, Social Information and Subsequent Charitable Giving
Rachel Croson (Wharton, University of Pennsylvania)
Femida Handy (School of Social Work, University of Pennsylvania)
Jen Shang (Center on Philanthropy, Indiana University)

Neural responses to taxation and money predict charitable giving
William Harbaugh (University of Oregon)

To whom to give or not to give - On the Interaction of fundraising activities of charities
Andreas Lange (University of Maryland)

Friday, January 4, 10:15 AM
Session: Salience and Taxation (AEA)
Presiding: Amy Finkelstein (Massachusetts Institute of Technology)

Salience and Taxation: Theory and Evidence
Raj Chetty (University of California, Berkeley)
Adam Looney (Federal Reserve Board)
Kory Kroft (University of California, Berkeley)
Download Full-Text of Paper


E-Z Tax: Tax Salience and Tax Rates
Amy Finkelstein (Massachusetts Institute of Technology and NBER)
Download Full-Text of Paper


Schmeduling
Jeffrey Liebman (Harvard University)
Richard Zeckhauser (Harvard KSG)

Friday, January 4, 10:15 AM
Session: Inferring Labor Income Risk from Economic Choices: New Developments (AEA)
Presiding: Richard Blundell (University College London)

Separating Heterogeneity from Uncertainty in an Incomplete-Market Economy
Flavio Cunha (University of Chicago)
James Heckman (University of Chicago)
Salvador Navarro (University of Wisconsin at Madison)

Inferring Labor Income Risk from Economic Choices: An Indirect Inference Approach
Fatih Guvenen (University of Texas at Austin)
Anthony Smith (Yale University)

Income Risk and Consumption Inequality: The Role of Market Structure, Labour Supply and Durables
Orazio Attanasio (University College London)
Richard Blundell (University College London)

Friday, January 4, 10:15 AM
Session: Matching Markets (AEA)
Presiding: Lones Smith (University of Michigan)

What Matchings Can Be Stable? The Testable Implications of Matching Theory.
Federico Echenique (California Institute of Technology)
Download Full-Text of Paper


Interviewing in Two-Sided Matching Markets
Robin Lee (Harvard Business School)
Michael Schwarz (Yahoo! Research and NBER)
Download Full-Text of Paper


Two-Sided Matching with Interdependent Values
Michael Ostrovsky (Stanford University Graduate School of Business)
Archishman Chakraborty (Baruch College, CUNY)
Alessandro Citanna (HEC – Paris)
Download Full-Text of Paper


Contagious Matching Games
Lones Smith (University of Michigan)

Friday, January 4, 10:15 AM
Session: Technological Change, Educational Returns, and Earnings Inequality: The Experience of Growing Asian Economies (AEA)
Presiding: Richard Freeman (Harvard University)

Explaining Rising Return to Education in Urban China in the 1990s
Xuejun Liu (Beijing Normal University)
Albert Park (Oxford University)
Yaohui Zhao (Peking University)
Download Full-Text of Paper


The Stable Wage Distribution in Japan 1982-2002: A Counter Example for SBTC?
Daiji Kawaguchi (Hitotsubashi University)
Yuko Mori (Hitotsubashi University)
Download Full-Text of Paper


Technological Change and Returns to Education: Implications for the S&E Labor Market
Jin Hwa Jung (Seoul National University)
Kang-Shik Choi (Yonsei University)
Download Full-Text of Paper


Why Graduates Can't Find Jobs in a Soaring Economy: Rent-Seeking Migration of College-Educated Young Workers in China
Tao Li (Shanghai University of Finance and Economics)
Download Full-Text of Paper


Friday, January 4, 10:15 AM
Session: Micro-evidence of Corruption in Emerging Economies (AEA)
Presiding: Fred Finnan (University of California-Los Angeles)

Is There Penalty For Crime? Corporate Scandal and Management Turnover in China
Peng Sun (Peking University)
Yi Zhang (Peking University)

Exposing Corrupt Politicians: The Effects of Brazil's Publicly Released Audits on Electoral Outcomes
Frederico Finan (University of California, Los Angeles)
Claudio Ferraz (IPEA)

Profiting from Gaizhi:Management Buyouts During China's Privatization
Susan Feng Lu (Kellogg School of Management, Northwestern University)
David Dranove (Kellogg School of Management, Northwestern University)
Download Full-Text of Paper


Is Vote Buying Effective? Evidence from a Field Experiment in West Africa
Pedro Vicente (University of Oxford)
Download Full-Text of Paper


Friday, January 4, 10:15 AM
Session: Reform: For Better or for Worse? (AEA)
Presiding: Gene Grossman (Princeton University)

Parallel Imports and Price Controls
Gene Grossman (Princeton University)
Edwin Lai (Federal Reserve Bank of Dallas)
Download Full-Text of Paper


Labor Reallocation in Response to Trade Reform
Naercio Menezes (IBMEC Sao Paulo)
Marc-Andreas Muendler (University of California, San Diego)

Trade and Wages Revisited: The Effect of China's MFN Status on the Skill Premium in U.S. Manufacturing
Ivan Kandilov (North Carolina State University)
Download Full-Text of Paper


Reward and Punishment under The Byrd Amendment
Benjamin Liebman (Saint Joseph's University)
Kasaundra Tomlin (Oakland University)

Friday, January 4, 10:15 AM
Session: New Models of International Business Cycles (AEA)
Presiding: Paolo Presenti (Federal Reserve Bank of New York)

A New Open-Macro Interpretation of International Fluctuations
Soyoung Kim (Korea University)
Jaewoo Lee (International Monetary Fund)

Information Immobility and the Home Bias Puzzle
Laura Veldkamp (New York University)
Stijn Van Nieuwerburgh (New York University)
Download Full-Text of Paper


The Long Run Determinants of the US External Imbalances
Andrea Ferrero (Federal Reserve Bank of New York)
Download Full-Text of Paper


Friday, January 4, 10:15 AM
Session: Design and Reform of Institutions in LDCs and Transition Economies (AEA)
Presiding: Avinash Dixit (Princeton University)

Institutions: Top Down or Bottom Up?
William Easterly (New York University)

Heterodox Reform
Dani Rodrik (Harvard University)

Self-enforcing Constitutions and Economic Prosperity
Avner Greif (Stanford University)
Yadira Gonzalez de Lara (Stanford University and University of Alicante)
Saumitra Jha (Harvard University)
Download Full-Text of Paper


Friday, January 4, 10:15 AM
Session: Expertise and Macroeconomic Policy (AEA)
Presiding: Donald L. Kohn (Federal Reserve Board)

Amateurs versus Experts in Monetary Policy
Timothy Besley (London School of Economics)

Does Leadership Produce Better Monetary Policy? An Experimental Study
Alan Blinder (Princeton University)
John Morgan (University of California-Berkeley)

The FOMC vs. the Staff: Where Can Monetary Policymakers Add Value?
Christina D. Romer (University of California-Berkeley)
David H. Romer (University of California-Berkeley)
Download Full-Text of Paper


Friday, January 4, 10:15 AM
Session: Rare Disasters and Asset Markets (AEA)
Presiding: John Campbell (Harvard University)

Consumption Disasters in the 20th Century
Robert Barro (Harvard University)
Jose Ursua (Harvard University)

Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance
Xavier Gabaix (New York University and NBER)
Download Full-Text of Paper


Disasters and Recoveries
Francois Gourio (Boston University)
Download Full-Text of Paper


Consumption-based Asset Pricing with Higher Cumulants
Ian Martin (Harvard University)
Download Full-Text of Paper


Friday, January 4, 10:15 AM
Session: Globalization and Its Impact on Workers (AEA)
Presiding: Steven Davis (University of Chicago and American Enterprise Institute)

Taxes and Wages
Kevin Hassett (American Enterprise Institute)
Aparna Mathur (American Enterprise Institute)

What Happened to Employment Stability in America?
Steven Davis (University of Chicago and American Enterprise Institute)

Measuring the Scale and Scope of Services Trade
J. Bradford Jensen (Peterson Institute)
Lori G. Kletzer (University of California-Santa Cruz)

Are Globalization and Labor Standards Antipodes?
Richard Freeman (Harvard University)

Friday, January 4, 10:15 AM
Session: Political Economy in Developing Countries: Evidence from India (AEA)
Presiding: Padma Desai (Columbia University)

Gains from a Redrawing of Political Boundaries: Evidence from State Reorganization in India
Rajashri Chakrabarti (Federal Reserve Bank of New York)
Joydeep Roy (Georgetown University and Economic Policy Institute)

Mandated Political Representation and Public Good Provision in India
Nandini Krishnan (Boston University)

Segregation, Rent Control and Riots: The Economics of Religious Conflict in an Indian City
Sujata Visaria (Boston University)
Erica Field (Harvard University)
Rohini Pande (Harvard University)
Matthew Levinson (Harvard University)
Download Full-Text of Paper


Traveling Agents: Political Change and Bureaucratic Turnover in India
Lakshmi Iyer (Harvard Business School)
Anandi Mani (Boston University)

Friday, January 4, 10:15 AM
Session: Research on Undergraduate Economics Courses and Majors (AEA)
Presiding: Michael Watts (Purdue University)

35,000 Principles Students: Some Lessons Learned
Kenneth G. Elzinga (University of Virginia)
Daniel Melaugh (Credit Suisse Securities)
Download Full-Text of Paper


Assessing A Proficiency Based Economics Program: Weathering The Perfect Storm While Thriving In A New Environment
Steven C. Myers (University of Akron)
Michael A. Nelson (University of Akron)
Richard W. Stratton (University of Akron)
Download Full-Text of Paper


The Economics Classroom without Grades: Promoting a Learning Environment by De-emphasizing Grades
Lester Hadsell (State University of New York, Albany)

The Impact of Aplia on Student Performance in Intermediate Microeconomics Courses
William P. O'dea (State University of New York, Oneonta)
David W. Ring (State University of New York-Oneonta)

Friday, January 4, 10:15 AM
Session: Macroeconomic Factors Impacting Poverty and Income Distribution among African Americans (AEA/NEA)
Presiding: Gary A. Hoover (University of Alabama)

The Impact of Monetary Policy on the Duration and Type of Unemployment by Race and Sex
William M. Rodgers III (Rutgers University)

Income, Family Structure, and Poverty Among African Americans
Rebecca M. Blank (University of Michigan)
David Card (University of California, Berkeley)

Poverty Volatility and Macroeconomic Quiescence
Philip N. Jefferson (Swarthmore College)

Non-White Poverty and the Macroeconomy: The Impact of Growth
Gary A. Hoover (University of Alabama)
Walter Enders (University of Alabama)
Donald G. Freeman (Sam Houston State University)



Friday, January 4, 2:30 PM

Friday, January 4, 2:30 PM
Session: Better Living Through Economics: II (AEA)
Presiding: John Siegfried (Vanderbilt University)

The Greatest Auction in History
Preston McAfee (California Institute of Tech.)
Simon Wilkie (University of Southern California)
John McMillan (Stanford University)
Download Full-Text of Paper


Market Design
Al Roth (Harvard University)

Air Transportation Deregulation
Elizabeth Bailey (University of Pennsylvania)
Download Full-Text of Paper


Friday, January 4, 2:30 PM
Session: Firm Dynamics (AEA)
Presiding: Stephen Redding (London School of Economics)

Creative Destruction in Industries
Boyan Jovanovic (New York University)
Chung-Yi Tse (University of Hong Kong)
Download Full-Text of Paper


On the Mechanics of Firm Growth
Erzo Luttmer (University of Minnesota)
Download Full-Text of Paper


Spin-offs and the Market for Ideas
Esteban Rossi-Hansberg (Princeton University)
Satyajit Chatterjee (Federal Reserve Bank of Philadelphia)
Download Full-Text of Paper


Multi-product Firms and Product Switching
Andrew Bernard (Tuck School of Business at Dartmouth)
Peter Schott (Yale School of Management)
Stephen Redding (London School of Economics)
Download Full-Text of Paper


Friday, January 4, 2:30 PM
Session: Firm Size & Innovation: Solving Schumpeter's Innovation Riddle (AEA)
Presiding: Richard Nelson (Columbia University)

Firm Size and Innovation: Evidence from European Panel Data
John Van Reenen (London School of Economics)
Sharon Belenzon (Oxford University)

The Knowledge Spillover Theory of Entrepreneurship and Economic Growth
David Audretsch (Indiana University & Max Planck Institute)
Max Keilbach (Max Planck Institute)
Download Full-Text of Paper


Innovation by SMEs &Large Firms: Sector Structure and Dynamics
Wilfred Dolfsma (Utrecht School of Economics)
Gerben van der Panne (Delft University of Technology)
Download Full-Text of Paper


Innovation and Institutional Ownership
Philippe Aghion (Harvard University)
John Van Reenen (London School of Economics)
Luigi Zingales (University of Chicago Graduate School of Business)
Download Full-Text of Paper


Friday, January 4, 2:30 PM
Session: The Economics of Ethnic Identity and Assimilation (AEA)
Presiding: Lisa M. Lynch (Tufts University)

The Economic Determinants of Ethnic Assimilation
Carmel U. Chiswick (University of Illinois at Chicago and IZA)
Download Full-Text of Paper


Immigrants Assimilate as Communities, Not Just as Individuals
Timothy J. Hatton (Australian National University)
Andrew Leigh (Australian National University)
Download Full-Text of Paper


Measuring Ethnic Identity and Its Impact on Economic Behavior
Amelie Constant (Georgetown University)
Klaus F. Zimmermann (IZA and Bonn University)
Download Full-Text of Paper


The International Asian Business Success Story: A Comparison of Chinese, Indian, and Other Asian Businesses in the United States, Canada and United Kingdom
Robert W. Fairlie (University of California, Santa Cruz)
Julie Zissimopoulos (RAND Corporation)
Harry Krashinsky (University of Toronto)
Download Full-Text of Paper


Friday, January 4, 2:30 PM
Session: Prediction Markets -- New Empirical Findings (AEA)
Presiding: Eric Zitzewitz (Stanford University Graduate School of Business)

Prediction Markets Inside the Firm: Evidence From Google
Bo Cowgill (Google)
Justin Wolfers (University of Pennsylvania, Wharton Business School)
Eric Zitzewitz (Stanford University Graduate School of Business)

Predicting Flu: Prediction Markets vs. Biostatistical Models
Forrest Nelson (University of Iowa)
Philip Polgreen (University of Iowa)
George Neumann ()

Is Liquidity Related to Prediction Market Efficiency?
Paul Tetlock (University of Texas at Austin)
Download Full-Text of Paper


Testing the Efficiency of Markets in the 2002 World Cup
Ricard Gil (University of California, Santa Cruz)
Steven Levitt (University of Chicago)

Friday, January 4, 2:30 PM
Session: Consumer Bankruptcy and the Credit Market (AEA)
Presiding: Michelle White (University of California-San Diego)

Accounting for the Rise in Consumer Bankruptcies
Igor Livshits (University of Western Ontario)
James MacGee (University of Western Ontario)
Michele Tertilt (Stanford University)

Student Debt and Bankruptcy
Sean Campbell (Federal Reserve Board)
Karen Pence (Federal Reserve Board)

Relationship Lending and Bankruptcy: Evidence from the Consumer Credit Market
Sumit Agarwal (Federal Reserve Bank of Chicago)
Souphala Chomsisengphet (U.S. Office of the Comptroller of the Currency)
Chunlin Liu (University of Nevada-Reno)
Nicholas Souleles (University of Pennsylvania)

Personal Bankruptcy and Credit Market Competition
Astrid Dick (Federal Reserve Bank of New York)
Andreas Lehnert (Federal Reserve Board)

Friday, January 4, 2:30 PM
Session: Disaster Economics: A Roundtable on Climate Change, Hurricane Katrina and Related Issues (AEA)
Presiding: James K. Galbraith (The University of Texas at Austin and Economists for Peace and Security)

TBA
Paul Krugman (Princeton University)

TBA
Joseph Stiglitz (Columbia University)

Providing Protection Against Natural Disasters in the 21st Century
Howard Kunreuther (University of Pennsylvania)
Download Full-Text of Paper


Risk, Inequality and the Economics of Disaster
Marcellus Andrews (Barnard College)
Download Full-Text of Paper


Friday, January 4, 2:30 PM
Session: International Reserves (AEA)
Presiding: Ricardo Caballero (Massachusetts Institute of Technology)

Financial versus Monetary Mercantilism -- Long-run View of Large International Reserves Hoarding
Joshua Aizenman (University of California, Santa Cruz)
Jaewoo Lee (International Monetary Fund)
Download Full-Text of Paper


International Reserves in Emerging Market Countries: Too Much of a Good Thing?
Olivier Jeanne (International Monetary Fund)

The Cost of Reserves
Eduardo Levy Yeyati (Universidad Di Tella)
Download Full-Text of Paper


Allocation of International Reserves Across Asset Classes
Richard Portes (London Business School)
Elias Papaioannou (European Central Bank)
Grigorios Siourounis (London Business School)

Friday, January 4, 2:30 PM
Session: Directed Search Models of Labor and Consumer Product Markets (AEA)
Presiding: Michael Peters (University of British Columbia)

Directed Search for Equilibrium Wage-Tenure Contracts
Shouyong Shi (University of Toronto)
Download Full-Text of Paper


Unobservable Heterogeneity in Directed Search
Michael Peters (University of British Columbia)
Download Full-Text of Paper


The Sorting Effect of Price Competition
Jan Eeckhout (University of Pennsylvania)
Philipp Kircher (University of Pennsylvania)

Efficiency of Simultaneous Search
Philipp Kircher (University of Pennsylvania)

Friday, January 4, 2:30 PM
Session: Health and Development (AEA)
Presiding: Simon Johnson (Massachusetts Institute of Technology)

Diseases and Development
Shankha Chakraborty (University of Oregon)
Chris Papageorgiou (International Monetary Fund)
Fidel Perez-Sebastian (University of Alicante, Spain)

Direct and Indirect Impacts of Community Based Health Interventions: Evidence from Brazil's Family Health Prorgam
Romero Rocha (Pontifícia Universidade Católica do Rio de Janeiro)
Rodrigo Soares (University of Maryland and NBER)

The Economic Effects of Micronutrient Deficiency: Evidence from Salt Iodization in the United States
James Feyrer (Dartmouth College)
Dimitra Politi (Brown University)
David Weil (Brown University and NBER)

Mortality Risk and Human Capital Investment: The Impact of HIV/AIDS in Sub-Saharan Africa
Jane Fortson (University of Chicago)
Download Full-Text of Paper


Friday, January 4, 2:30 PM
Session: Monetary Policy and Inflation Targeting (AEA)
Presiding: Ann Owens (Hamilton College)

Monetary Policy Analysis with Potentially Misspecified Models
Marco Del Negro (Federal Reserve Bank of New York)
Frank Schorfheide (University of Pennsylvania, NBER, CEPR)
Download Full-Text of Paper


A Case Against Explicit Inflation Targeting
Jerry Tempelman (Federal Reserve Bank of New York)

Inflexibility of Inflation Targeting Revisited: Modelling the Anchoring Effect
Jan Libich (La Trobe University)
Download Full-Text of Paper


Optimal Monetary Policy in a Financially Fragile Economy
Ufuk Devrim Demirel (University of Colorado, Boulder)
Download Full-Text of Paper


Friday, January 4, 2:30 PM
Session: Labor Market Dynamics (AEA)
Presiding: Robert Moffitt (John Hopkins University)

Job Chains and Wage Curves: Worker Mobility and Marshallian Surpluses in Evaluating Local Employment Growth
Joseph Persky (University of Illinois at Chicago)
Daniel Felsenstein (Hebrew University)

Wage Compression and Teacher Quality
Edward Lazear (Stanford University)
Annalisa Mastri (Stanford University)
Kathryn Shaw (Stanford University)

Retirement Reversals
Sewin Chan (New York University)
Ann Huff Stevens (University of California, Davis)

Earnings Volatility in the U.S.: Trends and Comparisons using Survey and Administrative Data
Peter Gottschalk (Boston College)
Robert Moffitt (The Johns Hopkins University)
Jonathan Schwabish (Congressional Budget Office)

Friday, January 4, 2:30 PM
Session: Current and Future Institutions for the World Economy (AEA)
Presiding: Gene Grossman (Princeton University)

The Future of the IMF and World Bank
Raghuram Rajan (University of Chicago)
Download Full-Text of Paper


Rethinking Global Environmental Governance
Daniel Esty (Yale University)

Designing Institutions to Deal with Terrorism
Martin Feldstein (Harvard University and NBER)
Download Full-Text of Paper


Friday, January 4, 2:30 PM
Session: Labor Market Flows (AEA)
Presiding: Robert Shimer (University of Chicago)

The Ins and Outs of European Unemployment
Christopher Pissarides (London School of Economics)
Barbara Petrongolo (London School of Economics)
Download Full-Text of Paper


The Decline of Job Loss
Steven Davis (University of Chicago)

Accounting for Labor Market Flows
Robert Shimer (University of Chicago)

Friday, January 4, 2:30 PM
Session: Psychology and Development: Theory and Experimental Evidence (AEA)
Presiding: Sendhil Mullainathan (Harvard University)

How high are rates of return to fertilizer: Evidence from field experiment in Western Kenya
Esther Duflo (Massachusetts Institute of Technology)
Michael Kremer (Harvard University)
Jonathan Robinson (UCSC)
Download Full-Text of Paper


Climbing out of Poverty: Long Term Decisions under Income Stress
Abhijit Banerjee (Massachusetts Institute of Technology)
Sendhil Mullainathan (Harvard University)

Norm Enforcement under Social Discrimination: An Experimental Investigation in India
Ernst Fehr (University of Zurich)
Karla Hoff (World Bank)
Mayuresh Kshetramade (Affinnova, Inc.)

Friday, January 4, 2:30 PM
Session: Panel Discussion on "What Should Be the Core of Graduate Economics?" (AEA)
Presiding: David C. Colander (Middlebury College)

Friday, January 4, 2:30 PM
Session: How to Mentor Junior Economists (Panel Discussion) (AEA)
Presiding: Daniel S. Hamermesh (University of Texas-Austin)

Friday, January 4, 2:30 PM
Session: Innovation, Intangibles, and R&D (AEA)
Presiding: Cynthia A. Glassman (U.S. Department of Commerce)

The Long-Run Impact of Private Equity: The Impact on Innovation
Joshua Lerner (Harvard University)

Intangible Capital and Economic Growth
Carol Corrado (Federal Reserve Board)
Charles Hulten (University of Maryland)
Daniel Sichel (Federal Reserve Board)

The Role of R&D in Economic Growth: BEA's Satellite Account
J. Steven Landefeld (Bureau of Economic Analysis)
Sumiye Okubo (Bureau of Economic Analysis)

Friday, January 4, 2:30 PM
Session: Racial and Ethnic Gaps in Education:? Theory, Policies and Practice (AEA)
Presiding: Ngina Chiteji (Skidmore College)

Racial and Ethnic Gaps in Achievement: Evidence from Florida
Cecilia Rouse (Princeton University)
David Figlio (University of Florida)

The Impacts of Choice and Accountability on African-American versus Latino Children in Chicago
Brian Jacob (Harvard University)

Within-School Variation in the Quality of Instruction across Course Levels and Racial Groups
Ronald Ferguson (Harvard University)

Friday, January 4, 2:30 PM
Session: Education and Occupational Choice (AEA)
Presiding: Gail Hoyt (University of Kentucky)

Does Gender Influence Gains from Increased Academic Opportunities
Justine Hastings (Yale University and NBER)
Jeffrey M. Weinstein (Yale University)

Accounting for Gender Schooling Differences in the U.S.: An Overlapping Generations Analysis
Suqin Ge (Virginia Tech)
Fang Yang (State University of New York)

Faculty Compensation and Preferences: Can Differences in Job Preferences Help Explain Why Men and Women are Paid Differently?
Jennifer Thacher (University of New Mexico)
Melissa Binder (University of New Mexico)
Janie Chermak (University of New Mexico)
Kate Krause (University of New Mexico)

Missing Students: Why Girls Outperform Boys in Secondary School in India
Alaka Holla (Brown University)

Friday, January 4, 2:30 PM
Session: Poster Session 2008 (AEA)
Presiding: TBA (TBA)

Estimating Capital Investment with Financial Constraints: Comparison of Tobin's q and Real Options Approaches
Hirokatsu Asano (Asia University)
Download Full-Text of Paper


Existence of Bifurcation in Macroeconomic Dynamics: Grandmont was Right
Yijun He (Washington State University)

Pollution Across Chinese Provinces
Catherine Co (University of Nebraska, Omaha)
Shuanglin Lin (University of Nebraska-Omaha)
Fanying Kong (Midland Lutheran College)
Download Full-Text of Paper


Trade, Neoclassical Growth and Heterogeneous Firms
Julian Emami Namini (Erasmus University Rotterdam)
Download Full-Text of Paper


On the Dynamics of Interstate Migration: Migration Costs and Self-Selection
Christian Bayer (University of Dortmund)
Falko Juessen (University of Dortmund)

The Effect of Migration on Aggregate Labor Market Outcomes: Evidence from the Fall of the Berlin Wall
Douglas Frank (INSEAD)
Download Full-Text of Paper


Relative Status and Well-Being: Evidence from U.S. Suicide Deaths
Mary Daly (Federal Reserve Bank of San Francisco)
Daniel Wilson (Federal Reserve Bank of San Francisco)
Download Full-Text of Paper


Cognitive Ability and Technology Diffusion: An Empirical Test
Garett Jones (George Mason University)
Download Full-Text of Paper


Consumption Smoothing and Household responses: evidence from Random Exogenous Health Shocks
Manoj Mohanan (Harvard University)
Download Full-Text of Paper


Understanding Intertemporal Substitution in Consumption
Qiang Zhang (University of Memphis)

Friday, January 4, 2:30 PM
Session: Topics in Health Economics (AEA/IHEA)
Presiding: Richard Arnould (University of Illinois)

The Effect of Medicate Part D on Dual Eligibles: Evidence from California's Medicaid Program
Mark Duggan (University of Maryland)

The Effects of Universal Coverage: Evidence from the Introduction of Medicare
Amy Finkelstein (Massachusetts Institute of Technology)
Download Full-Text of Paper


Diffusion and Productivity in Health Care
Douglas Staiger (Darmouth College)
Jonathan Skinner (Dartmouth College)

Mortality and the Baseball Hall of Fame: An Investigation into the Role of Status in Life Expectancy
David Becker (University of Alabama-Birmingham)
Kenneth Chay (University of California-Berkeley and Brown University)
Shailender Swaminathan (University of Alabama-Birmingham)



Friday, January 4, 4:45 PM

Friday, January 4, 4:45 PM
Session: Richard T. Ely Lecture (AEA)
Presiding: Avinash Dixit (Princeton University)

Economics of Climate Change
Nicholas Stern (HM Treasury, UK Government)



Saturday, January 5, 8:00 AM

Saturday, January 5, 8:00 AM
Session: Better Living Through Economics: III (AEA)
Presiding: John Siegfried (Vanderbilt University)

Better Living Through Economics: Consumer Price Indexes
Michael Boskin (Stanford University)
Download Full-Text of Paper


Better Living Through Monetary Economics
John B. Taylor (Stanford University)
Download Full-Text of Paper


Trade Liberalization and Growth in Developing Countries
Anne Krueger (Johns Hopkins University)
Download Full-Text of Paper


Saturday, January 5, 8:00 AM
Session: Agglomeration and Wages (AEA)
Presiding: Edward L Glaeser (Harvard University)

Agglomeration and Wages: Opening Remarks
Edward L. Glaeser (Harvard University)

Skills in the City
William Strange (University of Toronto)
Marigee Bacolod (University of California-Irvine)
Bernardo Blum (University of Toronto)
Download Full-Text of Paper


Estimating Agglomeration Effects: History and Geology
Gilles Duranton (University of Toronto)
Pierre-Philippe Combes (GREQAM - University of Aix-Marseille)
Laurent Gobillon (Institut National d'Etudes Demographiques)
Sebastien Roux (Institut National de la Statistique et des Etudes Economiques)
Download Full-Text of Paper


Wage Premia in Employment Clusters: Agglomeration Economies or Worker Heterogeneity?
Stephen L. Ross (University of Connecticut)
Shihe Fu (Southwestern University of Finance and Economics)

Saturday, January 5, 8:00 AM
Session: Optimal Policy in New DSGE Environments (AEA)
Presiding: Sanjay Chugh (Federal Reserve Board)

Comparing Two Variants of Calvo-Type Wage Stickiness
Stephanie Schmitt-Grohe (Duke University)
Martin Uribe (Duke University)
Download Full-Text of Paper


Should Monetary Policy Respond to Labor Market Rigidities?
Kai Christoffel (European Central Bank)
Keith Kuester (European Central Bank)
Tobias Linzert (European Central Bank)

Optimal Fiscal and Monetary Policy with Costly Wage Bargaining
David Arseneau (Federal Reserve Board)
Sanjay Chugh (University of Maryland and Federal Reserve Board)
Download Full-Text of Paper


Optimal Fiscal and Monetary Policy When Money is Essential
Boragan Aruoba (University of Maryland)
Sanjay Chugh (University of Maryland)
Download Full-Text of Paper


Saturday, January 5, 8:00 AM
Session: Lab and Field Experiments on Ethnic Differences (AEA)
Presiding: Tomomi Tanaka (California Institute of Technology)

Ethnic and Social Barriers to Cooperation: Experimental Evidence of the Extent and Nature of Discrimination in Urban Peru
Marco Castillo (Georgia Institute of Technology)
Ragan Petrie (Georgia State University)
Maximo Torero (International Food Policy Research Institute)

Race Differences in Competitive Attitudes
Carmit Segal (Harvard Business School)
Muriel Niederle (Stanford University)
Ragan Petrie (Georgia State University)
Lise Vesterlund (University of Pittsburgh)

Status, Ethnicity, and Wealth in Vietnam: Evidence from Experimental Games
Tomomi Tanaka (California Institute of Technology)
Colin Camerer (California Institute of Technology)
Quang Nguyen (University of Hawaii)

Saturday, January 5, 8:00 AM
Session: Entry and Industry Dynamics (AEA)
Presiding: Bruce Petersen (Washington University)

A Dynamic Oligopoly Game of the US Airline Industry: Estimation and Policy Experiments
Victor Aguirregabiria (University of Toronto)
Chun-Yu Ho (Boston University)
Download Full-Text of Paper


Market Structure and Industry Dynamics in Service Industries
Timothy Dunne (Federal Reserve Bank of Cleveland)
Shawn Klimek (Cernter for Economic Studies, Censu Bureau)
Mark Roberts (The Pennsylvania State University)
Yi Xu (The Pennsylvania State University)

Public Entrants, Public Equity Finance and Creative Destruction in the High-Tech Sector
James Brown (Montana State University)
Bruce Petersen (Washington University)
Download Full-Text of Paper


U.S. Investment 1901-2005: Incumbents, Entrants, and Q
Boyan Jovanovic (New York University)
Peter Rousseau (Vanderbilt University)
Download Full-Text of Paper


Saturday, January 5, 8:00 AM
Session: Market Segmentation and Asset Prices (AEA)
Presiding: Harold Cole (University of Pennsylvania)

Asset Prices and Consumption Allocations with Heterogeneous Trading Opportunities
YiLi Chien (Purdue University)
Harold Cole (University of Pennsylvania)
Hanno Lustig (University of California, Los Angeles)

Fiscal Policy, Asset Pricing and Economic Activity in a Savers-Spenders Economy
Francisco Gomez (London Business School)
Alexander Michaelides ()

Inequality, Stock Market Participation, and the Equity Premium
Jack Favilukis (London School of Economics)

Carry Trades and Currency Crisis
Markus Brunnermeier (Princeton University)
Lasse Pedersen (Stern School of Business)

Saturday, January 5, 8:00 AM
Session: International Finance and Capital Flows (AEA)
Presiding: Charles Engel (University of Wisconsin)

In Search of Carry Trade
Mehmet Caner (University of Pittsburgh)
Steven Husted (University of Pittsburgh)

The Monetary Model Strikes Back: Evidence from the World
Valerie Cerra (International Monetary Fund)
Sweta Saxena (Bank for International Settlements)
Download Full-Text of Paper


A New Era of International Financial Integration: Global, Market, and Regional Factors
Marco Cipriani (George Washington University)
Graciela Kaminsky (George Washington University)

A Stable International Monetary System Emerges: Bretton Woods, Reversed
Andrew Rose (University of California, Berkeley)
Download Full-Text of Paper


Saturday, January 5, 8:00 AM
Session: Information in General Equilibrium Models of the Business Cycle (AEA)
Presiding: Bruce McGough (Oregon State University)

A Few Model-Based Answers to Monetary Policy Questions in the United States and the Euro-area
Ricardo Reis (Princeton University)
Download Full-Text of Paper


Heterogeneous Information and Business Cycle Fluctuations
Christian Hellwig (University of California, Los Angeles)

Do Sticky Prices Need to Be Replaced with Sticky Information?
William Dupor (Ohio State University)
Tomiyuki Kitamura ()
Takayuki Tsuruga ()

Endogenous Inattention and Optimal Monetary Policy in General Equilibrium
Bruce McGough (Oregon State University)
William Branch (University of California, Irvine)
John Carlson (Cleveland Fed)
George Evans (University of Oregon)

Saturday, January 5, 8:00 AM
Session: International Migration and Remittances (AEA)
Presiding: Dean Yang (University of Michigan)

Individual Ability and Selection into Migration in Kenya
Edward Miguel (University of California, Berkeley)
Joan Hamory (University of California, Berkeley)

Remittances and the Problem of Control: A Field Experiment with Migrant Families in El Salvador and Washington, D.C.
Dean Yang (University of Michigan)
Nava Ashraf (Harvard Business School)
Claudia Martinez (University of Michigan)
Diego Aycinena (Francisco Marroquin University)
Download Full-Text of Paper


The Economics of International Refugee Law
Michael Kremer (Harvard University)
Ryan Bubb (Harvard University)
David Levine (University of California, Berkeley)

The Impacts of International Migration on Remaining Household Members: Omnibus Results from a Migration Lottery Program
David Mckenzie (World Bank)
John Gibson (University of Waikato)
Steven Stillman (Motu Economic and Public Policy Research)

Saturday, January 5, 8:00 AM
Session: Incentives and Pro-social Behavior: Evidence from Field Experiments (AEA)
Presiding: Roland Benabou (Princeton University)

A Hidden Cost of Incentives: Evidence from a Natural Field Experiment
Craig Landry (East Carolina University)
Andreas Lange (University of Maryland)
John A. List (University of Chicago)
Michael K. Price (University of Nevada)
Nick Rupp (East Carolina University)

Blood Donation and Incentives: Evidence From a Large-Scale Field
Lorenz Goette (Federal Reserve Bank of Boston)
Alois Stutzer (University of Basel)

Incentives and the Signal of Behaving Pro-Socially: Evidence from Field and Lab Experiments
Dan Ariely (Massachusetts Institute of Technology)
Anat Bracha (Tel Aviv University)
Stephan Meier (Federal Reserve Bank of Boston)

What Motivates Volunteers? : Field and Lab Experiments
Sera Linardi (California Institute of Technology)
Margaret Anne McConnell (California Institute of Technology)

Intrinsic and Extrinsic Motivations: a Study of Italian Blood Donors, 1980-2005
Nicola Lacetera (Case Western Reserve University)
Mario Macis (University of Chicago)

Saturday, January 5, 8:00 AM
Session: The Impact of School Policies on Student Achievement (AEA)
Presiding: Bridget Long (Harvard Education School)

The Effect of Grade Retention on Child Test Scores
Samrat Bhattacharya (Fifth Third Bank)
Download Full-Text of Paper


Determining "Optimal" Classroom Groupings: Harnessing the Power of Peers
Jane Cooley (University of Wisconsin-Madison)

How Do Classroom Peers Affect Student Outcomes?: Evidence from a Natural Experiment in Beijing's Middle Schools
Fang Lai (New York University)
Download Full-Text of Paper


The Effect of No Child Left Behind on Public Schools: the Role of Sanctions versus Stigma
Rajashri Chakrabarti (Federal Reserve Bank of New York)

Saturday, January 5, 8:00 AM
Session: Auctions (AEA)
Presiding: Preston McAfee (Caltech and Yahoo Research)

A Unified Framework for Auctions Design with Identity-Specific and Financial Externalities
Jingfeng Lu (National University of Singapore)
Download Full-Text of Paper


Affiliation and Positive Dependence in Auctions
Luciano de Castro (University of Illinois at Urbana-Champaign)
Download Full-Text of Paper


A Greater Price for a Greater Good? Evidence that Consumers Pay More for Charity-Linked Products
Daniel Elfenbein (Washington University in St. Louis)
Brian McManus (Washington University in St. Louis)
Download Full-Text of Paper


Matching in Auctions with an Informed Seller
Jennifer Lamping (University of Colorado, Boulder)

Saturday, January 5, 8:00 AM
Session: Propagation Mechanisms in Business Cycle Models (AEA)
Presiding: Ricardo Reis (Princeton University)

A Tale of Two Rigidities: Sticky Prices in a Sticky-Information Environment
Edward Knotek II (Federal Reserve Bank of Kansas City)
Download Full-Text of Paper


Macroeconomic Implications of Market Power in Banking
Roger Aliaga-Diaz (Drexel University)
Maria Pia Olivero (Drexel University)
Download Full-Text of Paper


Prices and Money after Interest Rate Shocks with Endogenous Market Segmentation
Andre Silva (Universidade Nova de Lisboa)
Download Full-Text of Paper


Debt Enforcement Procedures and the Amplification Role of Collateral Constraints
Caterina Mendicino (Bank of Canada)
Download Full-Text of Paper


Saturday, January 5, 8:00 AM
Session: Empirical Work on Asymmetric Information in Insurance Markets (AEA)
Presiding: Amy Finkelstein (Massachusetts Institute of Technology)

Modeling Competition and Market Equilibrium in Insurance: Empirical Issues
Pierre-Andre Chiappori (Columbia University)
Bernard Salanie (Columbia University)
Download Full-Text of Paper


TBA
Alessandro Lizzeri (New York University)
Igal Hendel (Northwestern University)

Preference Heterogeneity in Insurance Markets
David Cutler (Harvard University)
Amy Finkelstein (Massachusetts Institute of Technology)
Kathleen McGarry (University of California-Los Angeles)

Saturday, January 5, 8:00 AM
Session: Neuroeconomic Models of Economic Decision-Making (AEA)
Presiding: B. Douglas Bernheim (Princeton University)

The Role of Computation Time in the Construction of Decision Values
Antonio Rangel (California Institute of Technology)

Neuroeconomics: Axioms and Experiments
Andrew Caplin (New York University)
Mark Dean (New York University)
Paul Glimcher (New York University)

The Architecture of the Brain: Conflicts and Constraints
Isabelle Brocas (University of Southern California and CEPR)
Juan D. Carillo (University of Southern California and CEPR)

Saturday, January 5, 8:00 AM
Session: Assignment, Uncertainty and Wage Inequality (AEA)
Presiding: Luis Garicano (University of Chicago)

Stochastic Volatity in Labor Income Across Schooling Groups
Flavio Cunha (University of Chicago)

Educational Self-selection, Tasks Assignment and Rising Wage Inequality
Arnaud Dupuy (Maastricht University)
Download Full-Text of Paper


Assignment, Hierarchies and Upper Tails
Michael Sattinger (State University of New York, Albany)
Download Full-Text of Paper


Organization and Inequality among U.S. Lawyers: 1977-1997
Luis Garicano (University of Chicago)
Thomas Hubbard (Northwestern University)

Saturday, January 5, 8:00 AM
Session: Presentations from the Teaching Innovations Program (TIP) for Economics Instructors (AEA)
Presiding: Michael Salemi (University of North Carolina)

Formative and Summative Assessment in Economics Principles Courses: Are Applied Group Exercises Effective?
Dagney Faulk (Indiana University Southeast)
Download Full-Text of Paper


Closing the Loop: Enhancing Collegiate Performance by Empowering Self-Assessment
Wayne A. Grove (Lemoyne College)
Jerry Evensky (Syracuse University)
Yue Hu (Wisconsin Center for Education Research)
Timothy H. Wasserman (Syracuse University)
Download Full-Text of Paper


Using Cooperative Learning to Enhance Student Research and Writing
Gail Heyne Hafer (St. Louis Community College Meramec)

Engaged Learning with the Interpretive Question Cluster Discussion Technique: Student Outcomes in a History of Economic Thought Course
Kirsten Madden (Millersville University)



Saturday, January 5, 10:15 AM

Saturday, January 5, 10:15 AM
Session: Better Living Through Economics: IV (AEA)
Presiding: John Siegfried (Vanderbilt University)

Tradable Emissions Rights
Tom Tietenberg (Colby College)
Download Full-Text of Paper


The Earned Income Tax Credit
Robert Moffitt (Johns Hopkins University)

Welfare to Work Reform
Rebecca M. Blank (University of Michigan)

Saturday, January 5, 10:15 AM
Session: The Economics of Noncognitive Skills (AEA)
Presiding: James Heckman (University of Chicago)

The Effects of Cognitive and Noncognitive Abilities on Adolescent Schooling Behavior
James Heckman (University of Chicago)
Paul LaFontaine (University of Chicago)
Sergio Urzua (University of Chicago)

Quantifying the Growing Importance of "Soft Skills" in the Labor Market
Catherine Weinberger (University of California)

Time preference over the life cycle
Lex Borghans (Maastricht University)
Bart Golsteyn (ROA, Maastricht University)

Perseverance and Passion for Long-Term Goals
Angela Duckworth (University of Pennsylvania)
Christopher Peterson (University of Michigan)
Michael Matthews (U.S. Military Academy )
Dennis Kelly (U.S. Military Academy )

Saturday, January 5, 10:15 AM
Session: The Economics of South Africa since the End of Apartheid (AEA)
Presiding: James Levinsohn (University of Michigan)

Understanding South Africa's Economic Puzzles
Dani Rodrik (Harvard University)

South Africa: Macroeconomic Challenges after a Decade of Success
Jeffrey Frankel (Harvard University)
Bent Smith (Stellenbosch University)
Federico Sturzenneger (Harvard University)

Why has unemployment risen in the new South Africa
Abhijit Banerjee (Massachusetts Institute of Technology)
Sebastian Galiani (Washington University in St Louis)
James Levinsohn (University of Michigan)
Ingrid Woolard (University of Cape Town)

Saturday, January 5, 10:15 AM
Session: The Economic Impacts of the Media (AEA)
Presiding: Edward Glaeser (Harvard University)

Does Movie Violence Increase Violent Crime?
Gordon Dahl (University of California, San Diego)
Stefano DellaVigna (University of California, Berkeley)
Download Full-Text of Paper


Preschool Television Viewing and Adolescent Test Scores: Historical Evidence from the Coleman Study
Matthew Gentzkow (University of Chicago)
Jesse Shapiro (University of Chicago)
Download Full-Text of Paper


The Power of TV: Cable Television and Gender Attitudes in India
Robert Jensen (Harvard University)
Emily Oster (University of Chicago)

Do Television and Radio Destroy Social Capital? Evidence from Indonesian Villages
Benjamin Olken (Harvard University)
Download Full-Text of Paper


Saturday, January 5, 10:15 AM
Session: Offshoring and the Labor Market (AEA)
Presiding: Pol Antras (Harvard University)

Trade, Outsourcing, and the Invisible Handshake
Bilgehan Karabay (Central Bank of Turkey)
John McLaren (University of Virginia)
Download Full-Text of Paper


Outsourcing Peter to Pay Paul: High Skill Expectations and Low-Skill Wages with Imperfect Labor Markets
Carl Davidson (Michigan State University)
Steven Matusz (Michigan State University)
Andrei Shevchenko (Michigan State University)
Download Full-Text of Paper


Offshoring in a Ricardian World
Andres Rodriguez-Clare (Pennsylvania State University)

Offshoring and Unemployment
Devashish Mitra (Syracuse University)
Priya Ranjan (University of California, Irvine)
Download Full-Text of Paper


Saturday, January 5, 10:15 AM
Session: The Micro-Level Consequences of Political Violence and Civil War (AEA)
Presiding: Christopher Blattman (University of California, Berkeley, Economics)

War and Local Collective Action in Sierra Leone
Edward Miguel (University of California, Berkeley)
John Bellows (University of California, Berkeley, Economics)

Violence, Human Capital and Gender: Evidence from Colombia
Adriana Lleras-Muney (Princeton University, Economics & Woodrow Wilson School)
Grant Miller (Stanford University)
Jorge Alberto Restrepo (Royal Holloway College, University of London)

Socio-Political Conflict and Economic Performance in Bolivia
Stergios Skaperdas (University of California, Irvine, Economics)
Jose Luis Evia (Catholic University of Bolivia and Andean University "Simon Bolivar" of Bolivia)
Roberto Laserna (CERES)
Download Full-Text of Paper


From Violence to Voting: War and Political Development in Uganda
Christopher Blattman (Yale University & Center for Global Development)
Download Full-Text of Paper


Saturday, January 5, 10:15 AM
Session: Information Use in Economic Choice: Eye Tracking Studies (AEA)
Presiding: Colin Camerer (California Institute of Technology)

Studying Cognition via Information Search in Two-Person Guessing Game Experiments
Miguel Costa-Gomes (University of York)
Vince Crawford (University of California, San Diego)
Elliott Wimmer (Stanford University)
Drazen Prelec (Massachusetts Institute of Technology)
George Loewenstein (Carnegie Mellon University)

The Role of Visual Attention in Simple Economic Choice: Theory and Eye Tracking Experiments
Ian Karjbich (California Institute of Technology)
Carrie Armel (Stanford University)
Antonio Rangel (California Institute of Technology)
Antonio Rangel (California Institute of Technology)

Studying Learning in Games Using Eye-Tracking
Colin Camerer (California Institute of Technology)
Joseph Tao-yi Wang (California Institute of Technology)
Chrisopher Trepel (University of California, Los Angeles)
Russell Poldrack (University of California, Los Angeles)
Antonio Rangel (California Institute of Technology)

Choice Overload under the Magnifying Glass of teh Eye-tracker
Rosemarie Nagel (Universitat Pompeu Fabra)
Elena Reutskaja (Universitat Pompeu Fabra)
Antonio Rangel (California Institute of Technology)
Colin Camerer (California Institute of Technology)

Saturday, January 5, 10:15 AM
Session: Time Allocation and Household Production: Macro and Micro Approaches (AEA)
Presiding: Michele Tertilt (Stanford University)

Deconstructing Life Cycle Expenditure
Mark Aguiar (University of Rochester)
Erik Hurst (University of Chicago)
Download Full-Text of Paper


Home Production, Occupation, and the Gender Pay Disparity
Joni Hersch (Vanderbilt University Law School)
Download Full-Text of Paper


Allocating Time: Individuals' Technologies and Household Technology
Robert A. Pollak (Washington University)
Download Full-Text of Paper


The Rug Rat Race
Valerie Ramey (University of California, San Diego)
Garey Ramey (University of California, San Diego)
Download Full-Text of Paper


Saturday, January 5, 10:15 AM
Session: Innovations and Insights from the New Immigrant Survey (AEA)
Presiding: Randall Akee (IZA)

How Much Do Immigrants Gain in the Labor Market from Immigrating?
Richard Freeman (Harvard University and NBER)

Higher Education and International Migration: Brain Circulation
Mark Rosenzweig (Yale University)

The Determinants of the Wages and Occupations of Immigrants in the Home Country and the US
Joseph Altonji (Yale University and NBER)
Mark Rosenzweig (Yale University)

The Persistence of Self-Employment across Borders: New Evidence on Legal Immigrants to the United States
Randall Kekoa Quinones Akee (IZA)
David Jaeger (College of William and Mary, University of Bonn, and IZA)
Konstantinos Tatsiramos (IZA)
Download Full-Text of Paper


Saturday, January 5, 10:15 AM
Session: Technology Transfers (AEA)
Presiding: Simon Johnson (Massachusetts Institute of Technology)

Input and Technology Choices in Regulated Industries: Evidence from the Health Care Sector
Daron Acemoglu (Massachusetts Institute of Technology)
Amy Finkelstein (Massachusetts Institute of Technology)
Download Full-Text of Paper


Is Learning Abroad Necessary for Technology Adoption and Development?
Chris Papageorgiou (International Monetary Fund)
Antonio Spilimbergo (International Monetary Fund)

Was the Wealth of Nations Determined in 1000 B.C.?
Diego Comin (New York University)
William Easterly (New York University)
Erick Gong (University of California, Berkeley)

Intangible Capital, Barriers to Technology Adoption and Cross-Country Income Differences
Aamir Hashmi (National University of Singapore)
Download Full-Text of Paper


Saturday, January 5, 10:15 AM
Session: Pricing, Competition and Innovation in the Pharmaceutical Industry (AEA)
Presiding: Sara Ellison (Massachusetts Institute of Technology)

Entry Pricing and Product Quality: Evidence from the Pharmaceutical Industry
Jie Chen (SUNY Stony Brook Economics Department)
John Rizzo (SUNY Stony Brook Economics Department)
Download Full-Text of Paper


Drug Prices and Drug Development
Kadir Civan (Fatih University)
Michael Maloney (Clemson University)
Download Full-Text of Paper


The Management of New Product Introductions in the Pharmaceutical Industry
Stuart Graham (Georgia Institute of Technology, College of Management, and University of California, Berkeley)
Matthew Higgins (Georgia Institute of Technology, College of Management)
Download Full-Text of Paper


Predatory Advertising: Theory and Evidence in the Pharmaceutical Industry
Yutian Chen (SUNY Stony Brook)
Wei Tan (SUNY Stony Brook)

Saturday, January 5, 10:15 AM
Session: Emerging Market Financial Structures (AEA)
Presiding: Olivier Jeanne (International Monetary Fund)

Excessive Dollar Borrowing in Emerging Markets: Balance Sheet Effects and Macroeconomic Externalities
Anton Korinek (Columbia University)

Creditors' Skills and the Long-Run Impact of Financial Liberalization
Raoul Minetti (Michigan State University)
Leo Ferraris (Universidad Carlos III)

Incumbent and Foreign Financiers in Exchange Rate Regime Choices in Transition Economies
Jana Grittersova (Cornell University)

Saturday, January 5, 10:15 AM
Session: Institutions and Economic Growth in the Very Long Run (AEA)
Presiding: Joachim Voth (Universitat Pompeu Fabra)

Economic Growth and the Size and Quality of the Government
Arusha Cooray (University of Tasmania)
Download Full-Text of Paper


Appropriation, Property Rights Institutions, and Openness to International Trade
Chris Stefanadis (University of Arizona)
Download Full-Text of Paper


Good, Bad, and Ugly Colonial Activities: Studying Development across the Americas
Miriam Bruhn (Massachusetts Institute of Technology)
Francisco Gallego (Catholic University of Chile)
Download Full-Text of Paper


Saturday, January 5, 10:15 AM
Session: Gender Differences in Careers, Education, and Games (AEA)
Presiding: Ronald G. Fryer, Jr. (Harvard University)

Transitions:Career and Family Cycles of the Educational Elite
Claudia Goldin (Harvard University)
Lawrence Katz (Harvard University)
Download Full-Text of Paper


Understanding the Gender Gap in the First 6 Years of School
Roland G. Fryer Jr. (Harvard University)
Steven Levitt (University of Chicago)

The Economics of Matrilineal Services: Comparing Men and Women in Simple Economic Game
Uri Gneezy (University of California-San Diego)
John A. List (University of Chicago)

Saturday, January 5, 10:15 AM
Session: Lifecycle Investing (AEA)
Presiding: Joshua Rauh (University of Chicago)

Contingent Claims Analysis and Life-Cycle Finance
Zvi Bodie (Boston University)
Doriana Ruffino (Boston University)
Jonathan Treussard (Boston University and Massachusetts Institute of Technology)
Download Full-Text of Paper


Optimal Life-Cycle Investing with Flexible Labor Supply: A Welfare Analysis of Life-Cycle Funds
Luis Viceira (Harvard Business School)
Laurence Kotlikoff (Boston University)
Francisco Gomes (London Business School)
Download Full-Text of Paper


New Strategies for Promoting Annuitization
Jeffrey Brown (University of Illinois-Urbana-Champaign)
Jeffrey Kling (Brookings Institution)
Sendhil Mullainathan (Harvard University)

Saturday, January 5, 10:15 AM
Session: Reforming Economic Institutions of the European Union (AEA)
Presiding: Timothy Besley (London School of Economics)

EU Institutional Reform: Evidence on Globalization and International Cooperation
Richard Baldwin (Graduate Institute of International Studies, Geneva)
Download Full-Text of Paper


Reform of EU Institutional Arrangements
Erik Berglof (European Bank for Reconstruction and Development)

Should the Euro Area be Run as a Closed Economy?
Francesco Giavazzi (IGIER-Bocconi, MIT, CEPR and NBER)
Carlo Favero (IGIER-Bocconi and CEPR)
Download Full-Text of Paper


Saturday, January 5, 10:15 AM
Session: Consumer Payment Choice: Rational or Irrational Behavior? (AEA)
Presiding: Annette Vissing-Jorgensen (Northwestern University)

Learning in the Credit Card Market
Xavier Gabaix (New York University)
David Laibson (Harvard University)
Sumit Agarwal (Federal Reserve Bank of Chicago)
John Driscoll (Federal Reserve Board)
Download Full-Text of Paper


Do Consumers Choose the Right Credit Contracts?
Nicholas Souleles (University of Pennsylvania)
Sumit Agarwal (Federal Reserve Bank of Chicago)
Souphala Chomsisengphet (U.S. Office of the Comptroller of the Currency)
Chunlin Liu (University of Nevada)

Does Mental Accounting Actually Matter for Spending Control? Field Evidence from Payment and Portfolio Choices
Jonathan Zinman (Dartmouth College)
Victor Stango (Dartmouth College)

Why Are (Some) Consumers (Finally) Writing Fewer Checks: The Role of Payment Characteristics
Scott Schuh (Federal Reserve Bank of Boston)
Joanna Stavins (Federal Reserve Bank of Boston)
Download Full-Text of Paper


Saturday, January 5, 10:15 AM
Session: Saving and Investment Decisions: How Do Women Fare? (AEA)
Presiding: Olivia Michell (University of Pennsylvania)

Planning and Financial Literacy: How Do Women Fare?
Annamaria Kusardi (Dartmouth College)
Olivia Mitchell (University of Pennsylvania)

Who Chooses Annuities? An Experimental Investigation of the Role of Gender, Framing and Defaults
Julie Agnew (College of William and Mary)
Lisa Anderson (College of William and Mary)
Jeffrey Gerlach (MIT Sloan School of Management)
Lisa Szykman (College of William and Mary)
Download Full-Text of Paper


Female Empowerment: Impact of a Commitment Savings Product in the Philippines
Nava Ashraf (Harvard Business School)
Dean Karlan (Yale University)
Wesley Yin (University of Chicago)

Are Self-Employed Women More Financially Savvy?
Vickie Bajtelsmit (Colorado State University)
Nancy Jianakoplos (Colorado State University)

Saturday, January 5, 10:15 AM
Session: K-12 Economic and Financial Literacy Education (AEA)
Presiding: Richard MacDonald (National Council on Economic Education)

District Level Mandates and High School Students' Understanding of Economics
Paul W. Grimes (Mississippi State University)
Meghan J. Millea (Mississippi State University)
Kathleen Thomas (Mississippi State University)
Download Full-Text of Paper


Is Financial Literacy Improved by Participating in a Stock Market Game? Preliminary Results
Cynthia Harter (Eastern Kentucky University)
John Harter (Eastern Kentucky University)

Measuring the Effects of the Financial Fitness for Kids Program for Early Elementary School Students in Chicago
Helen Roberts (University of Illinois-Chicago)
Download Full-Text of Paper


Establishing State Specific Benchmarks in Economic Education
Roger B. Butters (Nebraska Council on Economic Education, University of Nebraska-Lincoln)
Tammie Fischer (University of Nebraska-Lincoln)
Download Full-Text of Paper


Saturday, January 5, 10:15 AM
Session: Andrew Brimmer Policy Forum: Public Policy and the Reconstruction of the Hurricane-Ravaged Gulf Coast (AEA/NAEFA)
Presiding: Andrew Brimmer (Brimmer & Company and University of Massachusetts-Amherst)

Housing Quadrangle Challenges: Planning, Demand, Supply, and Financing
James H. Carr (National Community Reinvestment Coalition)

The Katrina and Rita Disasters' Impacts on Population Health and the Health Sector in Louisiana: Lessons for Disaster Recovery Policy Planning and Coordination
Benjamin Springgate (University of California-Los Angeles and Tulane University)
Charles E. Allen (Tulane-Xavier Center for Bioenvironmental Research)
Download Full-Text of Paper


Katrina, Public Goods, and the Return to New Orleans
John Edwards (Tulane University)
Stefano Barbieri (Tulane University)

Weather, Risks, and Insurance: Challenges of Reconciliation in the Gulf Coast Region
Marcellus Andrews (Barnard College and Center for Economic and Policy Research)
Download Full-Text of Paper


Public Policy Strategic Planning for Reconstruction in the Gulf Coast
Andrew Brimmer (Brimmer & Company and University of Massachusetts-Amherst)



Saturday, January 5, 6:00 PM

Saturday, January 5, 6:00 PM
Session: Business Meeting (AEA)


Saturday, January 5, 2:30 PM

Saturday, January 5, 2:30 PM
Session: Better Living Through Economics: V (AEA)
Presiding: John Siegfried (Vanderbilt University)

Economics and the All-Volunteer Force
James C. Miller III (George Mason University and the Hoover Institution)
John T. Warner (Clemson University)
Beth J. Asch (The RAND Corporation)
Download Full-Text of Paper


Economics, Economists, and Antitrust: A Tale of Growing Influence
Lawrence White (New York University)
Download Full-Text of Paper


Saving for Retirement
David Laibson (Harvard University and NBER)
John Beshears (Yale University)
James Choi (Yale University and NBER)
Brigette Madrian (Harvard University and NBER)
Brian Weller (Harvard University)
Download Full-Text of Paper


Saturday, January 5, 2:30 PM
Session: Economics of the Minimum Wage (AEA)
Presiding: Daniel Aaronson (Federal Reserve Bank of Chicago)

The Distributional Impacts of Minimum Wage Increases when Both Labor Supply and Labor Demand are Endogenous
Peter Arcidiacono (Duke University)
Tom Ahn (Duke University)
Walter Wessels (North Carolina State)

The Minimum Wage and UK Wage Inequality
Alan Manning (London School of Economics)
Richard Dickens (London School of Economics)

Minimum Wages, the Earned Income Tax Credit, and Employment:
David Neumark (University of California, Irvine)
William Wascher (Federal Reserve Board)
Download Full-Text of Paper


The Employment Response to Minimum Wage Hikes: Evidence from Geocoded ES202 Data
Daniel Aaronson (Federal Reserve Bank of Chicago)
Eric French (Federal Reserve Bank of Chicago)
Ted To (BLS)

Saturday, January 5, 2:30 PM
Session: Growth, Productivity, and Wages in the U.S. Economy (AEA)
Presiding: Dominick Salvatore (Fordham University)

Did Wages Reflect Growth in Productivity?
Martin Feldstein (Harvard University and NBER)
Download Full-Text of Paper


The Productivity Riddle and 'Management'
Glenn Hubbard (Columbia University)

Labor Supply and Demand in the Long Run
Dale Jorgenson (Harvard University)

U.S. Growth, Productivity and Wages during the Long Boom
John B. Taylor (Stanford University)

Saturday, January 5, 2:30 PM
Session: The Economics of Paid Sex Markets (AEA)
Presiding: Alan Krueger (Princeton University)

An Empirical Analysis of Street Prostitutes
Steve Levitt (University of Chicago )
Sudhir Venkatesh (Columbia University)

Enforcing Licensing Requirements: Implications for Disease Transmission in the Sex Market
Manisha Shah (University of Melbourne)
Paul Gertler (University of California, Berkley and NBER)

In Da Club: An Econometric Analysis of Strip Club Patrons
Taggert Brooks (University of Wisconsin – La Crosse)
Download Full-Text of Paper


From Sex to Gender
Lena Edlund (Columbia University )
Evelyn Korn (Philipps-Universit at Marburg)
Download Full-Text of Paper


Saturday, January 5, 2:30 PM
Session: The Empirics of Corruption (AEA)
Presiding: Tim Besley ()

Parochial Politics: Ethnic Preferences and Politician Corruption
Abhijit Banerjee (Massachusetts Institute of Technology)
Rohini Pande (Harvard University)
Download Full-Text of Paper


Cultures of Corruption: Evidence from Diplomatic Parking Tickets
Ray Fisman (Columbia University)
Edward Miguel (University of California, Berkeley)

The Simple Economics of Extortion: Evidence from Trucking in Aceh
Benjamin Olken (Harvard University)
Patrick Barron (World Bank)
Download Full-Text of Paper


Saturday, January 5, 2:30 PM
Session: Economics and Social Identity (AEA)
Presiding: Catherine Eckel (University of Texas at Dallas)

Identity Signaling: Explaining Conformity and Abandonment
Jonah Berger (Stanford University)
Chip Heath (Stanford University)
Benjamin Ho (Cornell University)

Group Identity and Social Preferences
Yan Chen (University of Michigan at Ann Arbor)
Sherry Xin Li (University of Texas at Dallas)

Health Behaviors and Identity Formation: The Case of Smoking
Jason Fletcher (Yale University)

Does Social Hierarchy Affect Social Preferences? Simple Tests in Village India
Karla Hoff (World Bank)
Priyanka Pandey (World Bank)

Saturday, January 5, 2:30 PM
Session: Economic Behavior: Evidence from Sports (AEA)
Presiding: Richard Thaler (University of Chicago Graduate School of Business)

Rational Adversaries? Evidence from Randomized Trials in the Game of Cricket
V. Bhaskar (University College London)
Download Full-Text of Paper


The efficiency of top agents: An analysis through service strategy in tennis
Franc Klaassen (Tinbergen Institute and University of Amsterdam)
Jan Magnus (Department of Econometrics & OR, Tilburg University)
Download Full-Text of Paper


Racial Discrimination among NBA Referees
Joseph Price (Department of Economics, Cornell University)
Justin Wolfers (University of Pennsylvania Wharton Business School)

Estimating The Value of 'Going For It' (When No One Does)
Christopher Adams (Bureau of Economics, Federal Trade Commission)
Download Full-Text of Paper


Saturday, January 5, 2:30 PM
Session: Monetary Policy Transparency and Communication (AEA)
Presiding: Alan Blinder (Princeton University)

Imperfect Communication: When Should Central Banks Publish Their Forecasts?
Athanasios Orphanides (Federal Reserve Board of Governors)
Par Osterholm (Uppsala University)

The Role of Transparency as a Mechanism for Accountability
Carl Walsh (University of California, Santa Cruz)
Download Full-Text of Paper


Do Markets Care Who Chairs the Central Bank?
Ken Kuttner (Oberlin College)
Adam Posen (Peterson Institute of International Economics)

Geography or skills: What explains Fed watchers' forecast accuracy of US monetary policy?
Michael Ehrmann (European Central Bank)
Helge Berger (Free University Berlin)
Marcel Fratzscher (European Central Bank)
Download Full-Text of Paper


Saturday, January 5, 2:30 PM
Session: Historical Evolution of Financial Institutions (AEA)
Presiding: Sebnem Kalemli-Ozcan (University of Houston and NBER)

Financial Integration, Institutions, and Growth: Historical Evidence from the Ottoman Empire
Sebnem Kalemli-Ozcan (University of Houston and NBER)

Trade, Knowledge and the Industrial Revolution
Kevin H. O'Rourke (Trinity College)
Alan M. Taylor (University of California, Davis)
Ahmed S. Rahman (United States Naval Academy)
Download Full-Text of Paper


Monotheism (from a Sociopolitical and Economic Perspective)
Murat Iyigun (University of Colorado, CID Harvard, and IZA)
Download Full-Text of Paper


Legal-Political Factors and the Historical Evolution of the Finance-Growth Link
Michael Bordo (Rutgers University and NBER)
Peter Rousseau (Vanderbilt University and NBER)

Saturday, January 5, 2:30 PM
Session: Consumer Bankruptcy and Credit Scoring: Recent Contributions (AEA)
Presiding: Michele Tertilt (Stanford University)

Liquidity Constraints and Imperfect Information in Subprime Lending
Liran Einav (Stanford University and NBER)
Jon Levin (Stanford University and NBER)
William Adams (Citigroup)
Download Full-Text of Paper


Information Technology and the Rise of Household Bankruptcy
Borghan Narajabad (Rice University)
Download Full-Text of Paper


A Finite-Life, Private-Information Theory of Unsecured Debt
Jose-Victor Rios-Rull (University of Pennsylvania)
Satyajit Chatterjee (Federal Reserve Bank of Philadelphia)
Dean Corbae (University of Texas, Austin)

Credit Scoring and Endogenous Stigma
Jim MacGee (University of Western Ontario)
Igor Livshits (University of Western Ontario)
Michele Tertilt (Stanford University)

The Profitability of Payday Lending
Paige Marta Skiba (Vanderbilt University)
Jeremy Tobacman (University of Oxford)

Saturday, January 5, 2:30 PM
Session: Empirical Studies of Pricing (AEA)
Presiding: Alan Sorensen (Stanford University)

An Empirical Study of Price Dispersion in the Japanese "Digital Holy Durables" Markets
Daisuke Katano (University of Tokyo)
Fumiko Takeda (University of Tokyo)

Micro Foundations of Price-Setting Behaviour: Evidence from Canadian Firms
Daniel de Munnik (Bank of Canada)
Kuan Xu (Dalhousie University)

Are Digital Rights Valuable? Theory and Evidence from eBook Pricing.
Arun Sundararajan (New York University)
Gal Oestreicher-Singer (New York University)

How do the Prices of Different Goods Respond to Exchange Rate Shocks? A Model of Quality Pricing-to-Market
Raphael Auer (Swiss National Bank)
Thomas Chaney (University of Chicago)
Download Full-Text of Paper


Saturday, January 5, 2:30 PM
Session: Security Issuance (AEA)
Presiding: Jay Ritter (University of Florida)

Do venture investments by financial institutions affect the IPO underwriting process?
Xi Li (university of miami)
Ronald Masulis (Vanderbilt University)

Do Financing Expectations Affect Announcement and Long-Run Stock Performance?
Mark Kamstra (Schulich School of Business, York University)
Debarshi Nandy (Schulich School of Business, York University)
Pei Shao (University of Northern British Columbia)

Are banks still special when there is a secondary market for loans?
Amar Gande (Southern Methodist University)
Anthony Saunders (New York University)

Monitoring by Affiliated Bankers on Board of Directors: Evidence from Corporate Financing Outcomes
Elif Sisli Ciamarra (New York University)

Saturday, January 5, 2:30 PM
Session: Political Economy (AEA)
Presiding: Steven Callander (Northwestern University)

Votes or Money? Theory and Evidence from the US Congress.
Matilde Bombardini (The University of British Columbia)
Francesco Trebbi (University of Chicago Graduate School of Business and NBER)
Download Full-Text of Paper


Coalition Formation in Political Games
Daron Acemoglu (Massachusetts Institute of Technology)
Georgy Egorov (Harvard University)
Konstantin Sonin (New Economic School)

Is the 50-State Strategy Optimal?
Dan Kovenock (Purdue University)
Brian Roberson (Miami University)

Symmetric Third-Party Governance of Trades
Alia Gizatulina (University of Mannheim and CDSE)
Download Full-Text of Paper


Saturday, January 5, 2:30 PM
Session: Sources of International Price Stickiness (AEA)
Presiding: Charles Engel (University of Wisconsin-Madison)

A Microeconomic Approach to Explaining Exchange Rate Pass-Through
Pinelopi K. Goldberg (Princeton University)
Rebecca Hellerstein (Federal Reserve Bank of New York)

Pass-Through in Retail and Wholesale
Emi Nakamura (Harvard University)

Inferring Price Complementarities from Micro Data
Ariel Burstein (University of California-Los Angeles)
Christian Hellwig (University of California, Los Angeles)

Saturday, January 5, 2:30 PM
Session: The Impact of Hurricanes on Residents and Local Labor Markets (AEA)
Presiding: James X. Sullivan (University of Notre Dame)

Returning to New Orleans after Hurricane Katrina
Christina Paxson (Princeton University)
Cecilia Rouse (Princeton University)
Download Full-Text of Paper


The Effect of Hurricane Katrina on the Labor Market Outcomes of Evacuees
Jeffrey Groen (U.S. Bureau of Labor Statistics)
Anne Polivka (U.S. Bureau of Labor Statistics)
Download Full-Text of Paper


How Disasters Affect Local Labor Markets: The Effects of Hurricanes in Florida
Ariel Belasen (State University of New York-Binghamton)
Solomon Polachek (State University of New York-Binghamton)

Measuring the Labor Market Impacts of Hurricane Katrina Migration: Evidence from Houston, Texas
Molly Fifer McIntosh (Princeton University)
Download Full-Text of Paper


Saturday, January 5, 2:30 PM
Session: U.S. Fiscal Institutions: Reforming Tax Expenditures (AEA)
Presiding: James Poterba (Massachusetts Institute of Technology)

The Growth, Distribution and Opportunity Cost of Individual Income Tax Expenditures
Len Burman (Urban Institute)
Eric Toder (Urban Institute)
Chris Geissler (Brookings Institution)
Download Full-Text of Paper


Tax Expenditures for Owner-Occupied Housing
James Poterba (Massachusetts Institute of Technology)
Todd Sinai (University of Pennsylvania)

Using Tax Expenditures to Achieve Energy Policy Goals
Gilbert Metcalf (Tufts University and NBER)
Download Full-Text of Paper




Saturday, January 5, 12:30 PM

Saturday, January 5, 12:30 PM
Session: Luncheon Honoring the 2006 Nobel Laureate, Edmund Phelps (AEA)
Presiding: Avinash Dixit (Princeton University)



Saturday, January 5, 2:30 PM

Saturday, January 5, 2:30 PM
Session: Prosperity and Depression: the 1920s and 1930s (AEA)
Presiding: Sharon Harrison (Barnard College, Columbia University)

Technology, Credit and Confidence During the Roaring Twenties
Sharon Harrison (Barnard College, Columbia University)
Mark Weder (University of Adelaide)
Download Full-Text of Paper


Real Origins of the Great Depression: Monopoly Power, Unions and the American Business Cycle in the 1920s
Monique Ebell (Humboldt-University of Berlin)
Albrecht Ritschl (Humboldt-University of Berlin)

The Contribution of Cartelization Policies to the Start of the Great Depression
Lee Ohanian (University of California, Los Angeles)

IPOs in the 20s
Boyan Jovanovic (New York University)
Peter Rousseau (Vanderbilt University)
Download Full-Text of Paper


Saturday, January 5, 2:30 PM
Session: Reconciliation of Seemingly Inconsistent Data Series (AEA)
Presiding: David Johnson (U.S. Census Bureau)

Household vs. Establishment Measures of Employment: Problems in Measuring Self-employment and Job Changing, and the Role of Multiple Jobs
Katherine G. Abraham (University of Maryland)
John C. Haltiwanger (University of Maryland and U.S. Census Bureau)
Kristin Sandusky (U.S. Census Bureau)
James Spletzer (U.S. Bureau of Labor Statistics)

Alternative Measures of Compensation and Wages: Conceptual Issues and Implications for Policy Makers
George L. Perry (Brookings Institution)

The CPI vs. the PCE Price Index: The Recent BEA-BLS Reconciliation--Some Lessons for the Federal Reserve and Other Policy Makers
Laurence H. Meyer (Macroeconomic Advisers)

Saturday, January 5, 2:30 PM
Session: Poster Session on Teaching Ideas and Projects (AEA)
Presiding: Wendy A. Stock (Montana State University)

Teaching with You Tube: An Economist's Guide to Free Web-Based Content
G. Dirk Mateer (Pennsylvania State University)
Download Full-Text of Paper


Teaching Intermediate Microeconomics as a Financial Writing Intensive Class
Mine E. Cinar (Loyola University Chicago)

A Case of Teaching by Blending Lectures with Dialogue, Site-Visits, Games, Research, and Peer Reviews
Prodromos Ioannis Prodromidis (Centre for Planning and Economic Research (KEPE), Greece)
Download Full-Text of Paper


Reforming the Liberal Arts Economics Major for Students at Rollins College: 1999-2008
Charles P. Rock (Rollins College)

Livingeconomics--Customizing Microeconomics Principles Textbook using OpusI and Flashecon
K. K. Fung (University of Memphis)
Download Full-Text of Paper


From ABBA to Zeppelin, Led: A Web Resource for Teaching Economics through Music
Joshua C. Hall (Beloit College)
Robert A. Lawson (Capital University)
G. Dirk Mateer (Pennsylvania State University)
Download Full-Text of Paper


Using Problem-Based Service-Learning to Teach Local Economic Development
Nancy Brooks (University of Vermont)

A Funny Thing Happened in My Economics Course
James Bruehler (Eastern Illinois University)
Linda Ghent (Eastern Illinois University)

Learning Economics with Games
Osman Gulseven (North Carolina State University)

Economics and the Environment
Holly Fretwell (Montana State University)
Noreen Lephardt (Marquette University)
Robert Reinke (South Dakota Council on Economic Education, University of South Dakota)

Enhancing Communication in Distance Learning Courses
Rebecca Summary (Southeast Missouri State University)

Show Me the Money! An Object Lesson in Which Students Actively Learning Money Supply Changes
Laura Shinn (Temple University)

A Complementary Technique for Reinforcing Basic Microeconomic Principles by Utilizing Animated Vignettes
Marilyn Cottrell (Brock University, Canada)

Student Assessment of an Economics Teaching Card Deck
Johnnie B. Linn III (Concord University)

Designs on Learning: Using Lessons from Video Games to Teach and Learn Economics
Catherine Lawson (Missouri Western State University)
Larry Lawson (Missouri Western State University)

New Insights from In-Class Experiments: Using Excel to Post and Analyze Results on the Spot
Tom Creahan (Morehead State University)

Problem Based Learning in an Applied Econometric Curriculum
Steven C. Myers (University of Akron)
Download Full-Text of Paper


The Pollution Game: A Classroom Demonstration
Jay Corrigan (Kenyon College)
Download Full-Text of Paper


Teaching Health Policy and Economics in a Medical School Using a Simulation Game
Gwendolyn C. Morrison (Indiana University-Purdue University Indianapolis and Regenstrief Institute)
Gene Beyt (Tulane University)
Thomas Inui (Regenstrief Institute and Indiana University School of Medicine)
Debra Litzelman (Indiana University School of Medicine)
Download Full-Text of Paper


Integrating Active Learning in an Online Class for Principles in Microeconomics
Carsten Lange (California State Polytechnic University)

The Capstone Experience - where it fits in the curriculum, and alternative forms
Lynn Hunnicutt (Pacific Lutheran University)
Karen Travis (Pacific Lutheran University)
Download Full-Text of Paper


Interactive Web-Tools in Principles of Macroeconomics: Recent Experiences with Macromedia Breeze, Online Homeworks, and iTunes Podcasts
John R. Crooker (University of Central Missouri)

A Mastery Learning Approach in Introductory Microeconomics Courses
John Kane (State University of New York-Oswego)

A Classroom Experiment on Production Possibilities Frontier
Zhifang Peng (Southern Illinois University-Carbondale)
Dilara Tas (Southern Illinois University-Carbondale)

FRBSF University Symposium Program
Yelena F. Takhtamanova (Federal Reserve Bank of San Francisco)

Teaching Resource Allocation: Markets, Lotteries, and Arbitrage
Mike Allgrunn (University of South Dakota)
David Carr (University of South Dakota)
Robert Reinke (South Dakota Council on Economic Education, University of South Dakota)

TBA
Barb Bloemhof (McMaster University, Canada)

Saturday, January 5, 2:30 PM
Session: Household Finance: Mortgage Choice, Persuasion, and Life Cycle Housing (AEA/AREUEA)
Presiding: John Campbell (Harvard University)

Does it Pay to Read Your Junk Mail: Evidence on the Effect of Advertisement on Financial Decisions
Sumit Agarwal (Federal Reserve Bank of Chicago)
Brent Ambrose (Pennsylvania State University)
Download Full-Text of Paper


Life-Cycle Housing and Portfolio Choice with Bond Markets
Otto Van Hemert (New York University)

Who Takes Out Adjustable Rate Mortgages?
Allie Schwartz (Harvard University)



Saturday, January 5, 4:40 PM

Saturday, January 5, 4:40 PM
Session: Presidential Address (AEA)
Presiding: Avinash Dixit (Princeton University)

Presiding: Thomas Sargent (New York University)



Sunday, January 6, 8:00 AM

Sunday, January 6, 8:00 AM
Session: Student Incentives in Action: Experimental Evidence from Offering Money for Educational Achievement (AEA)
Presiding: Joshua Angrist (Massachusetts Institute of Technology)

Paying to Learn: The Effects of Financial Incentives on Elementary School Test Scores
Eric Bettinger (Case Western Reserve University)

Incentivising: An Intuitive Approach to Raising Achievement
Roland Fryer ()

Lead them to Water and Pay them to Drink: An Experiment with Services and Incentives for College Achievement
Joshua Angrist (Massachusetts Institute of Technology)
Daniel Lang (University of Toronto)
Philip Oreopoulos (University of Toronto)

The Effect of Financial Incentives on Community College Attainment: Evidence from Opening Doors
Cecilia Rouse (Princeton University)

Sunday, January 6, 8:00 AM
Session: The Economics of Family and Work (AEA)
Presiding: Raquel Bernal (Northwestern University)

The Economic of Child Adoption: Evidence from Micro-level Data
Raquel Bernal (Northwestern University)
Luojia Hu (Northwestern University)
Chiaki Moriguchi (Northwestern University)
Eva Nagypal (Northwestern University)

Are Working Women Good for Marriage?
Zvika Neeman (Boston University)
Andrew Newman (Boston University)
Claudia Olivetti (Boston University)

Learning and Female Labor Force Participation
Alessandra Fogli (New York University)
Laura Veldkamp (New York University)

Explaining Wealth and Consumption Variation over the Life-Cycle and Across Households: a Dynamic Model of Labor Supply, Savings and Fertility
John Knowles (University of Pennsylvania)
Melissa Tartari (Yale University)
Petra Todd (University of Pennsylvania)

Sunday, January 6, 8:00 AM
Session: Effects on Natural and Human Resources of the Rise of Markets in Developing Countries (AEA)
Presiding: Mark Pitt (Brown University)

Water markets and the decline of the water table in India
Andrew Foster (Brown University)
Sheetal Sekhri (Brown University)
Download Full-Text of Paper


Spring Cleaning: A Randomized Evaluation of Source Water Quality Improvement
Alix Zwane (University of California, Berkeley)
Michael Kremer (Harvard University)
Jessica Leino (University of California, Berkeley)
Edward Miguel (University of California, Berkeley)

The Costs of Decentralization: Water Pollution Spillovers from the Re-drawing of County Boundaries in Brazil
Mushfiq Mobarak (University of Colorado, Boulder)
Molly Lipscomb (University of Colorado, Boulder)

International Trade Competition, Market Power, and Gender Wage Differentials in India's Manufacturing Sector
Nidhiya Menon (Brandeis University)
Yana Rodgers (Rutgers University)
Download Full-Text of Paper


Sunday, January 6, 8:00 AM
Session: Epidemiology and Economics (AEA)
Presiding: Tomas Philipson (University of Chicago)

Global Drug Resistance Policy
Scott Barrett (Johns Hopkins University)
Michael Hoel (University of Oslo)

Optimal Control of Epidemics in Metapopulations
Robert Rowthorn (University of Cambridge)
Ramanan Laxminarayan (Resources for the Future)
Christopher Gilligan (University of Cambridge)
Download Full-Text of Paper


Endogenous Propagation of Rumours
Motty Perry (Hebrew University of Jerusalem)
Flavio Toxvaerd (University of Cambridge)

Sunday, January 6, 8:00 AM
Session: Health and Economic Outcomes: Linkages across the Life Cycle (AEA)
Presiding: Hoyt Bleakley (University of Chicago)

'On the Street Where You Live': Effects of a Child's Neighborhood on Later Life Outcomes
Joseph Ferrie (Northwestern University)
Karen Rolf (University of Nebraska)
Werner Troesken (University of Pittsburgh)

U.S. Above-Ground Nuclear Tests of the 1950s and Subsequent Health and Socioeconomic Outcomes in North Carolina
Douglas Almond (Columbia University)
Michael Greenstone (Massachusetts Institute of Technology)

Under the Weather: Health, Schooling, and Socioeconomic Consequences of Early-Life Rainfall
Dean Yang (University of Michigan)
Sharon Maccini (University of Michigan)

Malaria in the Americas: A Retrospective Analysis of Childhood Exposure
Hoyt Bleakley (University of Chicago)

Sunday, January 6, 8:00 AM
Session: Exchange Rates and Trade Prices in Emerging Markets (AEA)
Presiding: Lorenzo Bini-Smaghi (Member of the Executive Board, European Central Bank)

Exchange Rate Volatility and Productivity Growth: The Role of Financial Development
Philippe Aghion (Harvard University)
Philippe Bacchetta (Study Center Gerzensee)
Romain Ranciere (International Monetary Fund)
Kenneth Rogoff (Harvard University)

Trade Openness and Monetary Policy Rules
Guillermo Calvo (University of Maryland)
Ondra Kamenik (Czech National Bank)
Michael Kumhof (Stanford University)

Slow Pass-through Around the World: A New Import for Developing Countries?
Jeffrey Frankel (Harvard University)
David Parsley (Vanderbilt University)
Shang-Jin Wei (International Monetary Fund)

Pricing to Market in Emerging Markets: the Role of the Exchange Rate Regime
Matthieu Bussiere (European Central Bank)
Matthieu Bussiere (European Central Bank)
Tuomas Peltonen (European Central Bank)

Sunday, January 6, 8:00 AM
Session: Long-Run Risk (AEA)
Presiding: Stijn Van Nieuwerburgh (New York University)

Long-Run Risk in Financial Economics
Ravi Bansal (Duke University Fuqua)

An Estimation of Economic Models with Recursive Preferences
Xiaohong Chen (Yale University)
Jack Favilukis (London School of Economics)
Sydney Ludvigson (New York University and NBER)
Download Full-Text of Paper


The Role of the Wealth-Consumption Ratio in Leading Asset Pricing Models
Hanno Lustig (University of California, Los Angeles)
Stijn Van Nieuwerburgh (New York University)
Adrien Verdelhan (Boston University)

Sunday, January 6, 8:00 AM
Session: Product Markets and Corporate Finance (AEA)
Presiding: Dalida Kadyrzhanova (University of Maryland)

Managerial Incentives and Dynamic Competition
Antonio Falato (Federal Reserve Board)
Dalida Kadyrzhanova (University of Maryland)

Dynamic Competition, Innovation and Strategic Financing
Heather Tookes (Yale School of Management)
Matthew Spiegel (Yale School of Management)

Market Structure, Internal Capital Markets, and the Boundaries of the Firm
Richmond Mathews (Duke University)
David Robinson (Duke University)
Download Full-Text of Paper


Real and Financial Industry Booms and Busts
Gerard Hoberg (University of Maryland)
Gordon Phillips (University of Maryland and NBER)
Download Full-Text of Paper


Sunday, January 6, 8:00 AM
Session: International Capital Flows (AEA)
Presiding: Assaf Razin (Tel Aviv University and Cornell University)

International Capital Flows
Cedric Tille (Federal Reserve Bank of New York)
Eric van Wincoop (University of Virginia)

Country Portfolio Dynamics
Michael Devereux (University of British Columbia)
Alan Sutherland (University of St. Andrews)

Return Volatility and International Portfolio Choice
Nicolas Coeurdacier (ESSEC and Paris School of Economics)
Robert Kollmann (ECARES, Free University of Brussels)
Philippe Martin (University of Paris 1 and Paris School of Economics)

Portfolio Balance and Reversals of International Capital Stocks: Differences Across Debt and Equity Capital
Itay Goldstein (University of Pennsylvania)
Assaf Razin (Tel Aviv University and Cornell University)
Hui Tong (International Monetary Fund)

Sunday, January 6, 8:00 AM
Session: Trade and Political Economy (AEA)
Presiding: Giovanni Maggi (Princeton University)

The Choice of Inefficient Redistribution Policies in International Trade
Nuno Limao (University of Maryland)
Patricia Tovar-Rodriguez (Brandeis University)

Fast Track Authority and International Negotiations
Paola Conconi (Universitè Libre de Bruxelles (ECARES) and CEPR)
Giovanni Facchini (University of Essex, Universita degli Studi di Milano and CEPR)
Maurizio Zanardi (Tilburg University)
Download Full-Text of Paper


Foreign Influence and Trade Policy
Pol Antras (Harvard University)
Gerard Padro-i-Miquel (Stanford University)

Protection with Many Sellers: An Application to Legislatures with Malapportionment
William Hauk (University of South Carolina)
Download Full-Text of Paper


Sunday, January 6, 8:00 AM
Session: The Causes and Consequences of Medical Innovation (AEA)
Presiding: Rena Conti (University of Chicago)

Pharmaceutical Firms' Strategic Innovation Decisions and Patients' Welfare Dynamics: Innovate or Imitate?
Paris Cleanthous (New York University)
Wonjoon Kim (Korea Advanced Institute of Science & Technology/Yale University )
Dick Wittink (Yale University)

Does Experience Make Better Doctors? Experience from LASIK eye surgeries
Juan Contreras (CBO)
Beomsoo Kim (University of North Carolina at Greensboro)
Ignez Tristao (CBO)
Download Full-Text of Paper


The Economic Value of New Treatments for Depression
Rena Conti (The University of Chicago)

Taking Pills to Work: Are Chronically Ill Middle-Aged Men Made Better Off in Labor Markets by Medical Innovations?
Bo MacInnis (University of Michigan)

Sunday, January 6, 8:00 AM
Session: Empirical Studies of Household Financial Behavior (AEA)
Presiding: David Love (Williams College)

Active Pension Participation and Household Wealth Accumulation
Jason Seligman (University of Georgia)
Rana Bose (University of Georgia)
Download Full-Text of Paper


Adverse Selection in Annuity Markets: Evidence from the British Life Annuity Act of 1808
Casey Rothschild (Middlebury College)
Download Full-Text of Paper


Financial Innovations and Household Spending Behavior
Wendy Edelberg (Federal Reserve Board)
Michael Palumbo (Federal Reserve Board)
David Reifschneider (Federal Reserve Board)

Risky Pensions and Household Saving over the Life Cycle
David Love (Williams College)
Paul Smith (Federal Reserve Board)

Sunday, January 6, 8:00 AM
Session: Applications of Recent Methodology in Project Evaluation (AEA)
Presiding: Christopher Taber (Northwestern University)

Using Selection of Observed Variables to Assess Bias from Unobservables when Evaluating Swan-Ganz Catheterization
Joseph Altonji (Yale University and NBER)
Todd Elder (Michigan State University)
Christopher Taber (Northwestern University)

Exploiting Instrumental Variables to Bound the Effect of Swan-Ganz Catheterization
Jay Battacharya (Stanford University)
Azeem Shaikh (Yale University)
Edward Vytlacil (Columbia University)

Estimating Average Treatment Effects with Continuous and Discrete Covariates
Qi Li (Texas A&M University)
Jeff Racine (McMaster University)
Jeffrey M. Wooldridge (Michigan State University)

Sunday, January 6, 8:00 AM
Session: Height, Health and Economic Development (AEA)
Presiding: Anne Case (Princeton University)

Height and Cognitive Function
Anne Case (Princeton University)
Christina Paxson (Princeton University)

Height, health and inequality: the distribution of adult heights in India
Angus Deaton (Princeton University)
Download Full-Text of Paper


Inequality in Height and Inequality in Living Standards: Historical Evidence from Italy
Franco Peracchi (Universita di Roma)
Giovanni Vecchi (Universita di Roma)
Brian A'Hearn (Franklin and Marshall College)

Sunday, January 6, 8:00 AM
Session: New Comparative Economic History (AEA)
Presiding: Alan M. Taylor (University of California-Davis)

Made in America? The Industrial Revolution and the New World
Gregory Clark (University of California-Davis)
Kevin H. O'Rourke (Trinity College)
Alan M. Taylor (University of California-Davis)
Download Full-Text of Paper


Trade Costs, 1800-2000
David S. Jacks (Simon Fraser University)
Christopher M. Meissner (Cambridge University)
Dennis Novy (University of Warwick, UK)

A Century of Global Equity Market Correlations
Hans-Jaochim Voth (Universitat Pompeu Fabra)
Dennis Quinn (Georgetown University)

Sunday, January 6, 8:00 AM
Session: Price Manipulation in Financial Markets (AEA)
Presiding: Shmuel Baruch (University of Utah)

How to Define Illegal Price Manipulation
Albert S. Kyle (University of Maryland)
Vish Viswanathan (Duke University)

Microstructure Bluffing with Nested Information
Bilge Yilmaz (University of Pennsylvania)
Archishman Chakraborty (Baruch College, City University of New York)
Download Full-Text of Paper


Managerial Incentives and Stock Price Manipulation
Ailsa Roell (Columbia University)
Lin Peng (Baruch College, City University of New York)

Sunday, January 6, 8:00 AM
Session: Social Capital, Risk Sharing, and Development (AEA)
Presiding: Sebnem Kalemli-Ozcan (University of Houston and NBER)

Social Capital and Risk Sharing: Evidence from the U.S.
Aimee Chen (University of Houston and NBER)
Sebnem Kalemli-Ozcan (University of Houston and NBER)
Bent Sorensen (University of Houston and NBER)

Testing Putnam
Luigi Guiso (European University Institute and CEPR)
Paola Sapienza (Northwestern University and CEPR)
Luigi Zingales (University of Chicago and NBER and CEPR)

Social Capital and the Viability of Nonprofit Firms: Evidence from Norwegian Savings Banks
Charlotte Ostergaard (Norwegian School of Management)
Ibolya Schindele (Norwegian School of Management)
Bent Vale (Norwegian Central Bank)
Download Full-Text of Paper


Identity, Interest and Commitment: Voting in Indian Panchayat Elections
Ashley Lester (Brown University)
Kaivan Munshi (Brown University)
Mark Rosenzweig (Yale University and NBER)

Sunday, January 6, 8:00 AM
Session: Marriage, Divorce, and Fertility (AEA)
Presiding: Karine S. Moe (Macalester College)

Explaining the Returns to Delayed Childbearing for Working Women
Kasey Buckles (University of Notre Dame)
Download Full-Text of Paper


The Effect of Children's Gender on Living Arrangements and Child Support
Kristin Mammen (Barnard College)
Download Full-Text of Paper


Divorce-Law Changes, Household Bargaining, and Married Women's Labor Supply Revisited
Betsey Stevenson (University of Pennsylvania)
Download Full-Text of Paper


Impaired Fecundity, Fertility, and Married Women's Labor Supply
Jungmin Lee (University of Arkansas-Fayetteville and IZA, Germany)
Amy Farmer (University of Arkansas-Fayetteville)

Sunday, January 6, 8:00 AM
Session: The Output of Banking and Finance (AEA)
Presiding: J. Steven Landefeld (Director, Bureau of Economic Analysis)

New Measures of the Services of Commercial Banks in US GDP
Dennis Fixler (Bureau of Economic Analysis)
Marshall Reinsdorf (Bureau of Economic Analysis)
George Smith (Bureau of Economic Analysis)

Technological Progress, "Money" in the Utility Function, and the "User Cost of Money"
Susanto Basu (Boston College and Federal Reserve Bank of Boston)
J. Christina Wang (Boston College and Federal Reserve Bank of Boston)

Measuring the Contribution of Recent Financial Innovations in the National Accounts
Adam Ashcraft (Federal Reserve Bank of New York)

Sunday, January 6, 8:00 AM
Session: Computer Assisted Instruction: Making Technology Effective in Principles Courses (AEA)
Presiding: Betty J. Blecha (San Francisco State University)

Macropolicy: Simulation Software for Principles of Macroeconomics
Joseph Palardy (Youngstown State University)
Kriss Schueller (Youngstown State University)
Tod Porter (Youngstown State University)

Cickenomics: Using a Classroom Response System to Increase Student Engagement in the Principles of Economics Course
Michael Salemi (University of North Carolina-Chapel Hill)
Download Full-Text of Paper


Principles of Economics as a Game
Stuart Allen (University of North Carolina-Greensboro)
Jeff K. Sarbaum (University of North Carolina-Greensboro)

The Efficacy of Technology in Online Principles Courses
Cole R. Gustafson (North Dakota State University)
Download Full-Text of Paper




Sunday, January 6, 10:15 AM

Sunday, January 6, 10:15 AM
Session: Economics of Terrorism (AEA)
Presiding: Walter Enders (University of Alabama)

Terrorist Backlash, Terrorism Mitigation, and Policy Delegation
Kevin Siqueira (University of Texas at Dallas)
Todd Sandler (University of Texas at Dallas)
Download Full-Text of Paper


The Economics of Security Externalities
Howard Kunreuther (Wharton School, University of Pennsylvania)
Erwann Michel-Kerjan (Wharton School, University of Pennsylvania)
Download Full-Text of Paper


Optimal Security Investments and Catastrophic Terrorism
Hamid Mohtadi (University of Wisconsin at Milwaukee and University of Minnesota)
Swati Agiwal (University of Minnesota)
Download Full-Text of Paper


Sunday, January 6, 10:15 AM
Session: Relational Contracts and Transactional Efficiency (AEA)
Presiding: Claude Menard (ATOM - University of Paris Pantheon - Sorbonne)

What Do Managers Do? Suggestive Evidence and Potential Theories about Building and Managing Relational Contracts
Robert Gibbons (Massachusetts Institute of Technology)
Rebecca Henderson (Massachusetts Institute of Technology)

The Governance of Interfirm Agreements: A Relational Contract Perspective
Claude Menard (ATOM - University of Paris Pantheon - Sorbonne)

Horizontal integration and Reputation: an application to local public services
Eshien Chong (University Paris XI Sud)
Claudine Desrieux (University Paris XI Sud)
Stephane Saussier (University Paris XI Sud)
Download Full-Text of Paper


Contractual Completeness and Ex-post Efficiency:Trade-Offs between Ex-Ante and Ex-Post Costs in Contract Design
Ricard Gil (University California, Santa Cruz)
Jean-Michel Oudot (ATOM - University Paris Pantheon - Sorbonne)

Sunday, January 6, 10:15 AM
Session: The Behavioral Economics of Choice and the Shaping of Policy (AEA)
Presiding: Jeffrey Kling (Brookings Institution)

Nudging 401(K) Participants Towards Better Choices
Shlomo Benartzi (University of California, Los Angeles)
Richard Thaler (University of Chicago)

Effects of Public Policies on the Disposition of Pre-Retirement Lump-Sum Distributions: Rational and Behavioral Influences
William Gale (Brookings Institution)
Len Burman (Urban Institute)
Norma Coe (Tilburg University)
Misha Dworsky (Stanford University)
Download Full-Text of Paper


Harnessing Market Forces not Market Complexity
Jeffrey Kling (Brookings Institution)
Sendhil Mullainathan (Harvard University)
Eldar Shafir (Princeton University)

Sunday, January 6, 10:15 AM
Session: Structural Reforms and Development (AEA)
Presiding: Anne Krueger (Stanford University)

The Persistence of Underdevelopment: Constituencies and Competitive Rent Preservation
Raghuram Rajan (University of Chicago)

What Determines Structural Reforms in Developing Countries?
Prachi Mishra (International Monetary Fund)
Diego Scalise (International Monetary Fund)
Antonio Spilimbergo (International Monetary Fund)

What Is the Impact of Structural Policies in Developing Countries?
Alessandro Prati (International Monetary Fund)
Thierry Tressel (International Monetary Fund)
Zhiwei Zhang (International Monetary Fund)

Sunday, January 6, 10:15 AM
Session: The Effects of Targeted Financial Incentives on Public-Sector Labor Market Decisions (AEA)
Presiding: Eric Hanushek (Hoover Institution, Stanford University)

The Effects of Workforce-Contingent Financial Aid on New Teachers' Employment Decisions
Richard Murnane (Harvard University)
Jennifer Steele (Harvard University)
John Willett (Harvard University)

Educational Debt Burden and Early Career Choice: Long-run Evidence from a Financial Aid Experiment
Erica Field (Harvard University)

Differential Pay within School Districts: Is Combat Pay Effective?
Jennifer Imazeki (San Diego State University)

Would Higher Salaries Keep Teachers in High-Poverty Schools? Evidence from a Policy Intervention in North Carolina
Charles Clotfelter (Duke University)
Elizabeth Glennie (Duke University)
Helen Ladd (Duke University)
Jacob Vigdor (Duke University)

Sunday, January 6, 10:15 AM
Session: Options Backdating and Corporate Governance (AEA)
Presiding: Chester Spatt (Securities and Exchange Commission and Carnegie Mellon University)

What fraction of stock option grants to top executives have been backdated or manipulated?
Randall Heron (Indiana University)
Erik Lie (University of Iowa)
Download Full-Text of Paper


Lucky CEOs
Lucian Bebchuk (Harvard Law School )
Yaniv Grinstein (Cornell University)

Timing and Backdating of Executive Stock Option Exercises Before and After the Sarbanes-Oxley Act
David Cicero (Securities and Exchange Commission and University of Georgia)

Sunday, January 6, 10:15 AM
Session: Taxation and Corporate Investment and Financial Policies (AEA)
Presiding: Jianjun Miao (Boston University)

Dynamic Effects of Permanent and Temporary Dividend Tax Cuts on Corporate Investment and Financial Policies
Jianjun Miao (Boston University)
Francois Gourio (Boston University)

Dividend taxes, Partial Expensing and Business Fixed Investment: The Case of the Bush Tax Cuts
Alan Auerbach (University of California, Berkeley)
Eric Chaney (University of California, Berkeley)
Kevin Hassett (American Enterprise Institute)

Dividend Taxation and Intertemporal Tax Arbitrage
Anton Korinek (Columbia University)
Joseph Stiglitz (Columbia University)

The Corporate Propensity to Save
Leigh Riddick (American University)
Toni Whited (University of Wisconsin at Madison)
Download Full-Text of Paper


Sunday, January 6, 10:15 AM
Session: Real-Time Data Analysis and Forecasting (AEA)
Presiding: Dean Croushore (University of Richmond)

Why Did the Fed Act Gradually? Tracking Inflation Pressure in Real Time
Pierre Siklos (Wilfrid Laurier University)
Diana Weymark (Vanderbilt University)
Download Full-Text of Paper


Comparing Greenbook and Reduced Form Forecasts Using a Large Real-Time Dataset
Jon Faust (Johns Hopkins University)
Jonathan Wright (Federal Reserve Board)

Modeling Data Revisions: Measurement Error and Dynamics of 'True' Values
Jan Jacobs (CCSO and University of Groningen)
Simon van Norden (HEC Montreal)

Revisions to PCE Inflation Measures: Implications for Monetary Policy
Dean Croushore (University of Richmond)
Download Full-Text of Paper


Sunday, January 6, 10:15 AM
Session: Micro-evidence on Costs and Benefits of Financial Integration (AEA)
Presiding: Galina Hale (Federal Reserve Bank of San Francisco)

The Mishmash on Mismatch? The Role of Corporate Balance-Sheets in Emerging-Market Crises.
Hoyt Bleakley (University of Chicago)
Kevin Cowan (Banco Central de Chile)

Capital Account Liberalization: Theory, Evidence, and Speculation
Peter Henry (Stanford University Graduate School of Business)

The Effect of Foreign Entry on Banking Sector Stability and Efficiency: Evidence from South Korea
Heiner Schulz (University of Pennsilvania)

When Shall a Country Have its Own Bond Market?: Evidence from debt listing decisions before and after the launch of the EMU
Galina Hale (Federal Reserve Bank of San Francisco)
Mark Spiegel (Federal Reserve Bank of San Francisco)

Sunday, January 6, 10:15 AM
Session: The Economics of Conflict and Nation-building (AEA)
Presiding: Sharun Mukand (Tufts University)

The Political Economy of Warfare
Edward L. Glaeser (Harvard University)

The Ballot and the Plough in Nation-Building
Sumon Majumdar (Queen's University)
Sharun Mukand (Tufts University)

Hard Targets: Theory and Evidence on Suicide Attacks
Eli Berman (University of California, San Diego)
David Laitin (Stanford University)

Sunday, January 6, 10:15 AM
Session: Empirical Analyses of Organizations and Markets (AEA)
Presiding: Thomas Hubbard (Northwestern University)

The Return to Knowledge Hierarchies
Luis Garicano (University of Chicago)
Thomas Hubbard (Northwestern University)

Word-of-mouth in Movies with Platform Release: Theory and Evidence
Yijuan Chen (University of Pennsylvania)
Qiang Pan (University of Pennsylvania)

Do Lawyers Work for Clients? Using Timing of Dropped Cases to Estimate Incentive Misalignment
Yasutora Watanabe (Northwestern University)
Download Full-Text of Paper


Institutional Determinants of Vertical Integration: Evidence from China
Joseph P.H. Fan (The Chinese University of Hong Kong)
Jun Huang (Shanghai University of Finance & Economics)
Randall Morck (University of Alberta)
Bernard Yeung (New York University)

Sunday, January 6, 10:15 AM
Session: The Economics of Teams and Groups (AEA)
Presiding: Ernesto Reuben (Northwestern University)

Teams and Social Preferences
Michael Brady (The Ohio State University)
Steven Wu (The Ohio State University)

Social Network and Knowledge Sharing among Team Members: An Econometric Case Study of a Chinese textile firm
Takao Kato (Colgate University)

Public Goods Provision and Sanctioning in Privileged Groups
Ernesto Reuben (Northwestern University)
Arno Riedl (Maastricht University)
Download Full-Text of Paper


The power of the family
Alberto Alesina (Harvard University)
Paola Giuliano (Harvard University)

Sunday, January 6, 10:15 AM
Session: New Developments in Taxation Economics (AEA)
Presiding: Clemens Sialm (University of Texas at Austin and NBER)

Optimal Tax-Timing and Asset Allocation when Tax Rebates on Capital Losses are Limited
Marcel Marekwica (University of Regensburg)
Download Full-Text of Paper


Capital Income Taxation and Risk-Sharing
Marika Santoro (Congressional Budget Office)
Download Full-Text of Paper


Labor Supply, Deadweight Loss and Tax Reform Act of 1986: A Nonparametric Evaluation Using Panel Data
Anil Kumar (Federal Reserve Bank of Dallas)

Tax Changes and Asset Pricing
Clemens Sialm (University of Texas at Austin and NBER)
Download Full-Text of Paper


Sunday, January 6, 10:15 AM
Session: Assets and Credit Among Low-Income Households (AEA)
Presiding: Rebecca Blank (University of Michigan)

Mortgages and Homeownership among Low- and Moderate Income Families
Edward Gramlich (Urban Institute)

Differential Credit Market Use for Car Purchases by Income Level
Kerwin Charles (University of Chicago)
Mel Stephens (Carnegie Mellon University)
Benjamin Keys (University of Michigan)

Saving Whilst Gambling: An Empirical Analysis of U.K. Premium Bonds
Peter Tufano (Harvard University and NBER)
Download Full-Text of Paper


Sunday, January 6, 10:15 AM
Session: New Perspectives on Financial Globalization (AEA)
Presiding: Jeffrey Frankel (Harvard University)

The Drivers of Financial Globalization
Philip Lane (Trinity College, University of Dublin)
Gian Maria Milesi-Ferretti (International Monetary Fund)
Download Full-Text of Paper


Returns and Net Foreign Asset Structure
Pierre Olivier Gourinchas (University of California-Berkeley)
Helene Rey (Princeton University)

Is the 2007 U.S. Sub-Prime Financial Crisis So Different? An International Historical Comparison
Carmen Reinhart (University of Maryland and NBER)
Kenneth Rogoff (Harvard University and NBER)
Download Full-Text of Paper


Sunday, January 6, 10:15 AM
Session: Work Incentives, Motivation, and Identity (AEA)
Presiding: Rachel Kranton (University of Maryland)

Bureaucratic Conflict
Canice Prendergast (University of Chicago)

Investing in Motivation
Timothy Besley (London School of Economics)
Maitreesh Ghatak (London School of Economics)

Whistleblowing and Sabotage: Loyalty and Work Group Identity
George Akerlof (University of California-Berkeley)
Rachel Kranton (University of Maryland)

Sunday, January 6, 10:15 AM
Session: Household Bargaining and Financial Security (AEA)
Presiding: Sharon Tennyson (Cornell University)

Determinants and Consequences of Bargaining Power within Households
Leora Friedberg (University of Virginia)
Anthony Webb (Boston College)

Household Bargaining and the Purchase of Long Term Care Insurance: My Wife is My Long Term Care Insurance
H. Elizabeth Peters (Carleton University)
Sharon Tennyson (Carleton University)
Frances Woolley (Carleton University)

As Good As It Gets: Financial Security and the Dynamics of Power within Households
Jerome De Henau (Open University)
Susan Himmelweit (Open University)

Sunday, January 6, 10:15 AM
Session: Computer Assisted Instruction: New Resources and Directions (AEA)
Presiding: Tod S. Porter (Youngstown State University)

50 Web-Based Experiments
Charles Holt (University of Virginia)

Aggregate Production Functions with Micro Foundations
Craig Marcott (University of St. Thomas)
Download Full-Text of Paper


Recent Developments in the Economics Network
Inna Pomorina (University of Bristol, UK)
Download Full-Text of Paper


Sunday, January 6, 10:15 AM
Session: Health and Education in Developing Countries (AEA)
Presiding: Alicia Menendez (University of Chicago)

Impact of Malaria Eradication on Education and Fertility
Adrienne Lucas (Wellesley College)
Download Full-Text of Paper


HIV Testing and Subjective Expectations in Rural Malawi
Adeline Delavande (RAND Corporation and Universidade Nova de Lisboa)
Hans-Peter Kohler (University of Pennsylvania)
Download Full-Text of Paper


Incentives to Teach Badly? After-School Tutoring in Developing Countries
Seema Jayachandran (Stanford University)
Paul Glewwe (University of Minnesota)

The Impact of Sibling Sex Composition on Educational Attainment: A Unique Natural Experiment by Twins Gender Shocks
Stacey Chen (State University of New York-Albany and NBER)
Jin-Tan Liu (National Taiwan University and NBER)
Yen-Chien Chen (National Taiwan University and NBER)
Download Full-Text of Paper


Sunday, January 6, 10:15 AM
Session: AEA Committee on the Status of Minority Groups in the Economics Profession - Dissertation Session (AEA)
Presiding: Cecilia Rouse (Princeton University)

Prison Labor in a Model of Dynamic and Complete Information
Robynn Cox (Georgia State University)

Poverty Reduction, Aid and Economic Freedom
Maharouf Oyolola (University of Wisconsin-Milwaukee)

Noncognitive Ability, College Learning, and Student Retention
Omari H. Swinton (Howard University)
Download Full-Text of Paper


The Dynamics of Jobholding among Contingent Workers and the Effect on Family Earnings
Leslie Wallace (University of California-San Diego)
Download Full-Text of Paper




Sunday, January 6, 12:30 PM

Sunday, January 6, 12:30 PM
Session: Property Rights in Transition (AEA)
Presiding: Ekaterina Zhuravskaya (New Economic School)

Dictators and Oligarchs: A Dynamic Theory of Contested Property Rights
Sergei Guriev (New Economic School)
Konstantin Sonin (New Economic School)
Download Full-Text of Paper


Who Wants to Revise Privatization and Why? Evidence from 28 Post-Communist Countries
Timothy Frye (University of Columbia)
Irina Denisova (CEFIR)
Markus Eller (CEFIR)
Ekaterina Zhuravskaya (New Economic School)

Is Russia's Growth a "Flash in the Pan?"
Daniel Berkowitz (University of Pittsburgh)
Yadviga Semikolenova (Colorado School of Mines, Division of Economics and Business)
Download Full-Text of Paper


Sunday, January 6, 12:30 PM
Session: Economic Effects of Natural Disasters (AEA)
Presiding: Dean Yang (University of Michigan)

Gone with the Wind? Hurricane Risk, Fertility and Education
Claus Portner (University of Washington)
Download Full-Text of Paper


Coping With Disaster: The Impact of Hurricanes on International Financial Flows, 1970-2002
Dean Yang (University of Michigan)
Download Full-Text of Paper


Determinants of Sri Lankan Microenterprise Recovery after the Tsunami
Suresh de Mel (University of Peradeniya)
David McKenzie (The World Bank)
Christopher Woodruf (University of California, San Diego)

Mental Health in the Aftermath of the Tsunami: The Role of Family Loss and Exposure to Trauma
Elizabeth Frankenberg (University of California, Los Angeles)
Jed Friedman (The World Bank)
Thomas Gillespie (University of California, Los Angeles)
et al. DUNCAN (THOMAS)

Sunday, January 6, 12:30 PM
Session: Determinants of Financial Decision Making Among The Poor: Risk, Impatience and Trust (AEA)
Presiding: Erin Krupka (IZA)

The Trouble With (Subjective) Discount Rates: What Do Patterns of Impatience Among the Very Poor Tell Us?
Erin Krupka (IZA)

Loving a bad bet: Factors that induce low income individuals to purchase state lottery tickets
Emily Haisley (Carnegie Mellon University)
George Loewenstein (Carnegie Mellon University)
Romel Mostafa (Carnegie Mellon University)
Download Full-Text of Paper


Measuring the Individual-Level Effects of Access to Credit: Evidence from Payday Loans
Paige Marta Skiba (Vanderbilt University)
Jeremy Tobacman (University of Oxford)

Trust and Decision Making in the Context of Poverty
Crystal Hall (Princeton University)
Eldar Shafir (Princeton University)

Sunday, January 6, 12:30 PM
Session: Measuring the Value of a Statistical Life Using Revealed Preferences (AEA)
Presiding: Peter Kooreman (Tilburg University)

Recent Changes in Mandated Speed Limits and theValue of a Statistical Life
Orley Ashenfelter (Princeton University)
Michael Greenstone (Massachusetts Institute of Technology)

Survival is Not a Luxury Good: The Increasing Value of a Statistical Life
James Hammitt (Harvard University)
Jin-Tan Liu (National Taiwan University)
Jin-Long Liu (National Central University)

Flu Shots, Mammograms, and the Value of a Statistical Life
Katie Carman (Tilburg University)
Peter Kooreman (Tilburg University)

Estimates of the Value of a Statistical Life from Military Reenlistments
Carlos Dobkin (University of California, Santa Cruz)
Michael Greenstone (Massachusetts Institute of Technology)

Sunday, January 6, 12:30 PM
Session: Innovation, Productivity, and Firm Behavior (AEA)
Presiding: Ralf Martin (Centre for Economic Performance, London School of Economics)

Trade induced technical change? The impact of Chinese imports on technology and employment
Nick Bloom (Stanford University)
Mirko Draca (Centre for Economic Performance, London School of Economics)
John Van Reenen (London School of Economics)
Download Full-Text of Paper


Using price and demand information to identify production functions
Jordi Jaumandreu (Universidad Carlos III)
Jacques Mairesse (CREST, France and NBER)

R&D and productivity: Estimating production functions when productivity is endogenous
Ulrich Doraszelski (Harvard University and CEPR)
Jordi Jaumandreu (Universidad Carlos III and CEPR)
Download Full-Text of Paper


Firm Innovation, Productivity, and Trade
Bruno Cassiman (IESE Business School and University of Leuven)
Elena Golovko (Tilburg University)
David Greenstreet (University of Oxford and Centre for Economic Performance)
Download Full-Text of Paper


Sunday, January 6, 12:30 PM
Session: Technological Change and Stock Price Dynamics (AEA)
Presiding: Pietro Veronesi (University of Chicago)

Investment Options and the Business Cycle
Boyan Jovanovic (New York University)
Download Full-Text of Paper


Pay the Giants: Complementary Ideas and the Stock Market
John Laitner (University of Michigan)
Dmitriy Stolyarov (University of Michigan)

Stock Price Volatility and Patent Citation Dynamics: the case of the pharmaceutical industry
Mariana Mazzucato (Open University)
Massimiliano Tancioni (University of Rome)
Download Full-Text of Paper


Technological Revolutions and Stock Prices
Lubos Pastor (University of Chicago)
Pietro Veronesi (University of Chicago)
Download Full-Text of Paper


Sunday, January 6, 12:30 PM
Session: Aging and Financial Markets (AEA)
Presiding: John Driscoll (Federal Reserve Board)

The Age of Reason: Financial Decisions Over the Lifecycle
Sumit Agarwal (Federal Reserve Bank of Chicago)
John Driscoll (Federal Reserve Board)
Xavier Gabaix (New York University)
David Laibson (Harvard University)
Download Full-Text of Paper


Financial Literacy, Again, and Retirement Wellbeing
Annamaria Lusardi (Dartmouth College)

Who Makes Credit Card Mistakes?
Anthony Saunders (New York University)
Barry Scholnick (University of Alberta)
Nadia Massoud (University of Alberta)

Does Investment Skill Decline due to Cognitive Aging or Improve with Experience?
George Korniotis (Federal Reserve Board)
Alok Kumar (University of Texas at Austin)
Download Full-Text of Paper


Sunday, January 6, 12:30 PM
Session: Macroeconomic Implications of Risk Sharing (AEA)
Presiding: Borja Larrain (Universidad Catolica de Chile)

International Risk-Taking, Volatility, and Consumption Growth
Maria Giduskova (Federal Reserve Bank of Boston)
Borja Larrain (Universidad Catolica de Chile)

Financial Globalization, Portfolio Diversification, and the Pattern of International Trade
Miklos Koren (Federal Reserve Bank of New York)

Insuring Human Capital Risk: A Life-Cycle Perspective
Paul Willen (Federal Reserve Bank of Boston)

Intergenerational Risksharing and Equilibrium Asset Prices
John Campbell (Harvard University)
Yves Nosbusch ()

Sunday, January 6, 12:30 PM
Session: People and Growth: Demography, Human Capital, and Economic Growth (AEA)
Presiding: John Seater (North Carolina State University)

When and Why Did Technical Change Become Skill Biased?
Ashley Lester (Brown University)

Time Allocation between Innovation and Education
Maurizio Iacopetta (Georgia Institute of Technology)

Women's Liberation: What's in It for Men?
Michele Tertilt (Stanford University)
Matthias Doepke (University of California-Los Angeles)

The Role of Adult Mortality in the Transmission of Knowledge
Michael Bar (San Francisco State University)
Oksana Leukhina (University of North Carolina)

Sunday, January 6, 12:30 PM
Session: Twenty Years of the Survey of Income and Program Participation: Past, Present and Future (AEA)
Presiding: Timothy Smeeding (Syracuse University)

The Lifetime Labor Supply of Low-wage Workers
Jeffrey Liebman (Harvard University)

The Covariance of Earnings and Hours Revisited
Martha Stinson (U.S. Cenus Bureau)
John Abowd (Cornell University)
Gary Benedetto (U.S. Census Bureau)
Download Full-Text of Paper


The Effect of Demographic Change on Pension Participation and Pension Assets in the Future
James Poterba (Massachusetts Institute of Technology)
Steven Venti (Dartmouth College)
David Wise (Harvard University)

Understanding the Impact of Pension Changes on the Retirement Prospects of Baby Boomers
Barbara Butrica (The Urban Institute)
Howard Iams (Social Security Administration)
Karen Smith (The Urban Institute)

Sunday, January 6, 12:30 PM
Session: Complexity and Dynamics in Macroeconomics: Alternatives to the DSGE Models (AEA)
Presiding: David C. Colander (Middlebury College)

Beyond DSGE Models: Towards an Empirically-Based Macroeconomics
David Colander (Middlebury College)
Alan Kirman (GREQAM, Marseille, France)
Peter Howitt (Brown University)
Axel Leijonhufvud (University of California-Los Angeles and University of Trento)
Perry Mehrling (Barnard College)
Download Full-Text of Paper


New Approaches to Macroeconomics Policy Evaluation
William Brock (University of Wisconsin-Madison)
Steven Durlauf (University of Wisconsin-Madison)

Modeling Macroeconomics as Open-Ended Dynamic Systems of Interacting Agents
Rob Axtell (George Mason University)
Blake LeBaron (Brandeis University)
Leigh Tesfatsion (Iowa State University)

Allowing the Data to Speak Freely: The Macroeconometrics of the Cointegrated Vector Autoregression
Kevin Hoover (Duke University)
Katarina Juselius (University of Copenhagen)
Soren Johansen (University of Copenhagen)
Download Full-Text of Paper


Sunday, January 6, 12:30 PM
Session: Information Aggregation by Voting (AEA)
Presiding: Roger Myerson (University of Chicago)

Information Aggregation and Equilibrium Selection in Committees
Jacob K. Goeree (California Institute of Technology)
Thomas R. Palfrey (California Institute of Technology)
S. Nageeb Ali (University of California, San Diego)
Navin Kartik (University of California, San Diego)
Download Full-Text of Paper


Costly Expertise
Dino Gerardi (Yale University)
Leeat Yariv (California Institute of Technology)

Information and Pivotal Voter Models in Large Laboratory Elections
Marco Battaglini (Princeton University)
Rebecca Morton (New York University)
Thomas R. Palfrey (California Institute of Technology)
Download Full-Text of Paper


Sunday, January 6, 12:30 PM
Session: Studying Risk Preferences in Natural and Lab Experiments: The Case of Deal or No Deal (AEA)
Presiding: Jungmin Lee (University of Arkansas-Fayetteville and IZA)

Dynamic Choice Behavior: International Evidence from a Natural Experiment
Glenn Harrison (University of Central Florida)
Steffen Anderson (Centre for Economic and Business Research, Denmark)
Anabela Botelho (University of Minho and NIMA, Portugal)
Morten Lay (Durham University, UK)
Elisabet Rutstrom (University of Central Florida)

Is a Dollar in the Hand Worth Two in a Lottery? Risk Aversion and Prospect Theory in Deal or No Deal
Daniel Mulino (Monash University, Australia)
Richard Scheelings (Monash University, Australia)
Robert Brooks (Monash University, Australia)
Robert Faff (Monash University, Australia)

Deal or No Deal? Decision Making under Risk in a Large-Payoff Game Show
Theirry Post (Erasmus University, The Netherlands)
Martijn Van Den Assem (Erasmus University, The Netherlands)
Guido Baltussen (Erasmus University, The Netherlands)
Richard Thaler (University of Chicago)

Risk Aversion beyond Individual Decisions: An Extension of Deal or No Deal
Cary Deck (University of Arkansas-Fayetteville)
Jungmin Lee (University of Arkansas-Fayetteville and IZA, Germany)
Javier Reyes (University of Arkansas-Fayetteville)



Contents of Current Issues

April 2014 AER

April 2014 AEJ: Applied

April 2014 AEJ: Macro

March 2014 JEL

Winter 2014 JEP

February 2014 AEJ: Policy

February 2014 AEJ: Micro

Virtual Field Journals

In the News:

A recent article in The Economist examines higher education endowments and university behaviors including new research presented in a paper from the latest edition of the American Economic Review.

"Pulling forth statements on political issues is a distraction from the real and important work of economic research and education," explains AEA President Nordhaus, when asked about the AEA's historically non-partisan stand on public policy. Read the whole story in the latest issue of The Chronicle of Higher Education (subscribers only).

From ASSA 2014: The Wall Street Journal reports on the AEA's CSWEP committee's efforts in mentoring early-career female economists and the program's expanding influence on similar programs being developed overseas. Read the full article here.

"The job market could be picking up for economics grad students," reports Brenda Cronin in the Wall Street Journal. Get the inside story on what her sources are saying before you head to ASSA in January!

The Chronicle of Higher Education just published "Cool Head on Global Warming," an in-depth look at the new book by 2014 AEA President, William Nordhaus entitled, "The Climate Casino: Risk, Uncertainty and Economics for a Warming World" (Yale University Press).

The Atlantic Cities provides a thorough examination of Clifford Winston's (Brooking Institution) research, "On The Performance of the U.S. Transportation System: Caution Ahead," from the latest edition of the Journal of Economic Literature (JEL).

Upcoming research by Yang Wang, a health economist at Lafayette College, indicates that some smokers believe age, race, and parental longevity influence their life expectancy more than smoking does. Access the news brief here, or the forthcoming article from the American Economic Journal: Applied Economics.

AEA in News Archive

Contact Us