Preliminary Announcement of the 2007 ASSA Program

Preliminary Announcement of the ASSA Program

Chicago, IL, January 5-7, 2007

2007 Conference Papers


This version includes all changes/corrections received by November 29. We will not update the program again.

(It is important to note that all sessions will be equipped with an overhead projector, and a LCD projector for PowerPoint presentations.)


LOCATION OF SESSIONS FOR 2007 IN CHICAGO. IF YOUR SESSIONS ARE IN THE SUMMIT YOUR SPECIAL EVENTS WILL BE IN THE HYATT REGENCY.


AAEA Swissotel
ACE Hyatt Regency
ACES Swissotel
AEA Hyatt Regency
AEDSB Hyatt Regency
AERE Summit
AFA Hyatt Regency
AFE Hyatt Regency
AFEA Swissotel
AFEE Swissotel
AIES Hyatt Regency
AREUEA Hyatt Regency
ASCE Hyatt Regency
ASE Swissotel
ASGE Hyatt Regency
CEANA Hyatt Regency
CES Hyatt Regency
CS Hyatt Regency
EPS Hyatt Regency
EHA Hyatt Regency
ES Summit
ESA Summit
HERO Swissotel
HES Hyatt Regency
IAEE Hyatt Regency
IAFFE Hyatt Regency
IEFS Hyatt Regency
IHEA Swissotel
INEM Hyatt Regency
IOS Hyatt Regency
ISIR Hyatt Regency
ISNIE Summit
ITFA Summit
KAEA Hyatt Regency
LERA Hilton Chicago
MEEA Hyatt Regency
NABE Hyatt Regency
NAEE/NCEE Hyatt Regency
NAEFA Hyatt Regency
NAFE Summit
NEA Hyatt Regency
NTA Hyatt Regency
ODE Hyatt Regency
PSSI Summit
SCE Hyatt Regency
SED Summit
SGE Hyatt Regency
SPM Hyatt Regency
TPUG Hyatt Regency
URPE Hyatt Regency

 

Thursday, January 4, 2007

Jan. 4, 6:30 pm
ASE

Plenary Lecture

Presiding: JOHN P. TIEMSTRA, Calvin College

JOHN M. GOWDY, Rensselaer Polytechnic Institute--Behavioral Economics and Sustainability


Friday, January 5, 2007

Jan. 5, 8:00 am
AAEA

Whither Jobs and People?: Rural-Suburban-Urban Differences and Modern Growth Patterns (Q1)

Presiding: JEFFREY H. DORFMAN, University of Georgia

MARK D. PARTRIDGE, Ohio State University, DAN S. RICKMAN, Oklahoma State University, KAMAR ALI, and M. ROSE OLFERT, University of Saskatchewan--Employment Growth in the American Urban Hierarchy: Long Live Distance

CAROLINE CUNNINGHAM, MOLLY ESPEY, and KATHERINE H. KING, Clemson University--The Faces of Suburbanization

MITCH RENKOW, North Carolina State University--Employment Growth and the Allocation of New Jobs: Spatial Spillovers of Economic and Fiscal Impacts

Discussant: JEFFREY H. DORFMAN, University of Georgia


Jan. 5, 8:00 am
AEA

Labor Flows, Vacancies and Wages

Presiding: JOHN HALTIWANGER, University of Maryland

STEVE DAVIS, University of Chicago and NBER, R. JASON FABERMAN, U.S. Bureau of Labor Statistics, and JOHN HALTIWANGER, University of Maryland and NBERThe Micro Behavior of Vacancies and Hiring

ROBERT SHIMER, University of Chicago--Wage and Employment Dynamics with Mismatch

ERICA GROSHEN and SIMON POTTER, Federal Reserve Bank of New YorkWhy Dont Temporary Layoffs Spike during Recessions Anymore?

Discussants: EVA NAGYPAL, Northwestern University
DALE MORTENSEN, Northwestern University
BRUCE FALLICK, Federal Reserve Board


Jan. 5, 8:00 am
AEA

The Economics of Natural Resources and the Environment (Q0)

Presiding: To be announced.

JEFFREY LAZO, National Center for Atmospheric Research, PETER LARSEN, University of Alaska-Anchorage, DONALD WALDMAN, University of Colorado-Boulder, and MEGAN HARROD, Stratus Consulting, Inc.Sensitivity of the U.S. Economy to Weather Variability

BASHARAT PITAFI, Southern Illinois University, and JAMES ROUMASSET, University of HawaiiThe Resource Economics of Invasive Species

SARAH LOWDER, United NationsReducing Environmental Impact: Appropriate Country Strategies Based on Levels of Development

THOMAS A. WEBER and CLAIRE TOMKINS , Stanford University--Dynamic Allocation of Water Resources with Storage and Two-Sided Uncertainty: The Case of Southern California

Discussants: To be announced.


Jan. 5, 8:00 am
AEA

Transparency

Presiding: MARC-ANDREAS MUENDLER, University of California-San Diego and CESifo

MARC-ANDREAS MUENDLER, University of California-San Diego and CESifoThe Action Value of Information and the Natural Transparency Limit

STERGIOS SKAPERDAS, University of California-Irvine, and SAMARTH VAIDYA, Deakin UniversityPersuasion as a Contest

MAKSYMILIAN KWIEK, University of SouthamptonMass Media: Constrained Information and Heterogenous Public


Jan. 5, 8:00 am
AEA

Model Validation and Model Comparison (C5)

Presiding: MICHAEL KEANE, Yale University

KENNETH WOLPIN, University of PennsylvaniaEx Ante Policy Evaluation, Structural Estimation and Model Selection

HANMING FANG, MICHAEL KEANE, Yale University, AHMED KHWAJA, MARTIN SALM, Duke University, and DAN SILBERMAN, University of MichiganUsing Data on Expectations to Validate a Structural Model of Investment in Health

JOHN GEWEKE, University of IowaBayesian Model Comparison

Discussant: CHRIS SIMS, Princeton University


Jan. 5, 8:00 am
AEA

Monetary Aggregates and Monetary Policy (E5)

Presiding: SAMUEL REYNARD, Swiss National Bank

EDWARD NELSON, Federal Reserve Bank of St. Louis, JAVIER ANDRES, Universidad de Valencia, and DAVID LOPEZ-SALIDO, Bank of SpainMoney and the Natural Rate of Interest: Structural Estimates for the U.K., the U.S., and the Euro Area

SAMUEL REYNARD, Swiss National BankMoney and the Great Disinflation

HUW PILL, BJOERN FISCHER, MICHELE LENZA, and LUCREZIA REICHLIN, European Central BankA Monetary History of the Euro Area 1999-2006

ANDREW FILARDO, Bank for International Settlements, and MICHAEL BORDO, Rutgers University and NBERMoney Still Makes the World Go Round: The Zonal View

Discussants: ATHANASIOS ORPHANIDES, Federal Reserve Board
EDWARD NELSON, Federal Reserve Bank of St. Louis
SAMUEL REYNARD, Swiss National Bank
CARL E. WALSH, University of California-Santa Cruz


Jan. 5, 8:00 am
AEA

The Market and Pre-Market for Graduate Students in Economics

Presiding: ALAN KRUEGER, Princeton University

PAUL OYER, Stanford UniversityInitial Positions, Long-Term Outcomes, and Organizational Structure in the Market for Economists

WAYNE A. GROVE, LeMoyne College, and STEPHEN WU, Hamilton CollegeThe Search for Talent: Doctoral Completion and Research Productivity of Economists

SUSAN ATHEY, Stanford University, LAWRENCE KATZ, Harvard University, ALAN KRUEGER, Princeton University, STEVEN LEVITT, University of Chicago, and JAMES POTERBA, Massachusetts Institute of TechnologyWhat Does Performance in Graduate School Predict? Graduate Economics Education and Outcomes of Graduate Students

Discussants: MICHAEL K. SALEMI, University of North Carolina-Chapel Hill
DAVID C. COLANDER, Middlebury College
WENDY A. STOCK, Montana State University


Jan. 5, 8:00 am
AEA

Macroeconomic Implications of Price Stickiness (E3)

Presiding: JOHN LEAHY, New York University

MICHAEL DOTSEY, Federal Reserve Bank of Philadelphia, ROBERT G. KING, Boston University, and ALEXANDER L. WOLMAN, Federal Reserve Bank of RichmondAggregate Dynamics of Inflation and Real Activity with Firm-Level Productivity Shocks

VIRGILIU MIDRIGAN, New York UniversityMenu Costs, Multi-Product Firms and Aggregate Fluctuations

PETER KLENOW, Stanford University, and JONATHAN WILLIS, Federal Reserve Bank of Kansas CityEmpirical Evidence on Models of Rational Inattention


Jan. 5, 8:00 am
AEA

Recent Macroeconomic Stabilization (E3)

Presiding: JEFFREY CAMPBELL, Federal Reserve Bank of Chicago

ZVI HERCOWITZ, Tel Aviv University, and JEFFREY CAMPBELL, Federal Reserve Bank of ChicagoThe Role of Collateralized Household Debt in Macroeconomic Stabilization

GIORGIO PRIMICERI, Northwestern University, and ALEJANDRO JUSTINIANO, Federal Reserve Board--The Time Varying Volatility of Macroeconomic Fluctuations

SYLVAIN LEDUC, Federal Reserve Board, and KEITH SILL, Federal Reserve Bank of PhiladelphiaMonetary Policy, Oil Shocks, and TFP: Accounting for the Decline in U.S. Volatility

Discussants: GARY HANSEN, University of California-Los Angeles
KEVIN SALYER, University of California-Davis
JONAS FISHER, Federal Reserve Bank of Chicago


Jan. 5, 8:00 am
AEA

Heterogeneity in the Labor Market and Macroeconomic Fluctuations (E2)

Presiding: FRANOIS GOURIO, Boston University

FRANOIS GOURIO, Boston University, and PIERRE-ALEXANDRE NOUAL, University of ChicagoThe Marginal Worker and the Aggregate Elasticity of Labor Supply

RONNI PAVAN, University of Rochester, and ALESSANDRO BARBARINO, University of Chicago and Duke UniversityMeasuring Unemployment Composition over the Business Cycle

YONGSUNG CHANG, Seoul National University, MARK BILS, University of Rochester, and SUN-BIN KIM, Korea UniversityCyclicality in Unemployment and Wages

CHRISTIAN HAEFKE and MICHAEL REITER, University of Pompeu FabraLabor Market Participation and the Business Cycle

Discussants: YONGSUNG CHANG, Seoul National University
RONNI PAVAN, University of Rochester
FRANOIS GOURIO, Boston University


Jan. 5, 8:00 am
AEA

Long-Run Growth

Presiding: DAVID WEIL, Brown University

JENNY MINIER, University of KentuckyNonlinearities and Robustness in Growth Regressions

ANTONIA J. SWANN, York UniversityCompetition and Growth: The Key Role of R&D Duplication behind the Inverted U Relationship

FALI HUANG, Singapore Management UniversityThe Coevolution of Economic and Political Development

NICOLE B. SIMPSON, Colgate University, WILLIAM BLANKENAU, Kansas State University, and MARC TOMLJANOVICH, Colgate UniversityPublic Education Expenditures, Taxation and Growth: Linking Data to Theory

Discussants: PETER HOWITT, Brown University
NILS-PETTER LAGERLOEF, York University
ANN OWEN, Hamilton College
DAVID WEIL, Brown University


Jan. 5, 8:00 am
AEA

Multinational Firms and Development (F2, O3)

Presiding: ALEXANDER MONGE-NARANJO, Northwestern University

ALEXANDER MONGE-NARANJO, Northwestern UniversityMultinational Firms, International Diffusion of Skills and Development

PAUL BEAUDRY and PATRICK FRANCOIS, University of British ColumbiaFirms as Schools: On the Job Learning as a Means of Technology Diffusion

ESTEBAN ROSSI-HANSBERG and GENE GROSSMAN, Princeton UniversityTrading Tasks: A Simple Theory of Offshoring

NATALIA RAMONDO, University of ChicagoSize, Geography, and Multinational Production


Jan. 5, 8:00 am
AEA

Capital Accumulation and the Cost of Capital

Presiding: SIMON GILCHRIST, Boston University

GIAN LUCA CLEMENTI, New York University, RUI CASTRO, University of Montreal, and GLENN MACDONALD, Washington University-St. LouisLegal Institutions, Sectoral Heterogeneity, and Economic Development

FABIO NATALUCCI, Federal Reserve Board, SIMON GILCHRIST, Boston University, and EGON ZAKRAJSEK, Federal Reserve BoardInterest Rates and Investment Redux

NIHAL BAYRAKTAR, Pennsylvania State University-Harrisburg and World Bank, and PLUTARCHOS SAKELLARIS, Athens University of Economics and Business and IMOPFirm Market Value and Investment: The Role of Firm Market Power and Different Types of Adjustment

MARCEL-CRISTIAN VOIA and HUNTLEY SCHALLER, Carleton UniversityPanel Cointegration Estimates of the Effect of Interest Rates, Capital Goods Prices, and Taxes on the Capital Stock


Jan. 5, 8:00 am
AEA

Constitutional Approaches to Explaining Trade Policy (F1)

Presiding: GERALD WILLMANN, University of Kiel

MATTIAS POLBORN, University of Illinois-Urbana-Champaign, and GERALD WILLMANN, University of KielReferendum Timing

MIRABELLE MUULS and DIMITRA PETROPOULOU, London School of EconomicsOranges and Steel A Swing State Theory of Trade Protection in the Electoral College

HEIN ROELFSEMA, University of UtrechtPolitical Institutions and Trade Protection

GERALD WILLMANN, University of KielWhy Legislators Are Protectionists: The Role of Majoritarian Voting in Setting Tariffs

Discussants: EMILY BLANCHARD, University of Virginia
GIOVANNI FACCHINI, University of Illinois
DEVASHISH MITRA, Syracuse University
KISHORE GAWANDE, Texas A&M University


Jan. 5, 8:00 am
AEA

Markets, Information, and Strategic Behavior

Presiding: BRUCE MIZRACH, Rutgers University

JOSEPH ENGELBERG and JARED WILLIAMS, Northwestern UniversityEbays Proxy System: A License to Shill

JIE LU and BRUCE MIZRACH, Rutgers UniversityIs Talk Cheap Online? Strategic Interaction in a Stock Trading Chat Room

JEFFREY ELY, Northwestern University, and TANJIM HOSSAIN, Hong Kong University of Science & TechnologySniping and Squatting in Auction Markets

Discussants: To be announced.


Jan. 5, 8:00 am
AEA

Organizational Form (L2, H5, G3)

Presiding: JULIE WULF, University of Pennsylvania

PATRICK HERBST and JENS PRUFER, Goethe University-FrankfurtFirms, Nonprofits, and Cooperatives: The Role of Organizational Form in the Provision of Quality

JEAN-MICHEL OUDOT, Centre ATOM, University Paris I Pantheon, SorbonneCost Plus or Price Cap? The Choice in the French Defense Procurement Sector

JULIE WULF, University of Pennsylvania, AUGUSTIN LANDIER, New York University, and VINAY NAIR, University of PennsylvaniaGeographic Dispersion and Corporate Decision-Making

KRISHNAMURTHY SUBRAMANIAN, Emory UniversityFirm Boundaries in the New Economy: Theory and Evidence


Jan. 5, 8:00 am
AEA

Income Redistribution: Causes and Consequences (D3)

Presiding: FELIX OBERHOLZER-GEE, Harvard University

CHRISTINA FONG, Carnegie Mellon University, and FELIX OBERHOLZER-GEE, Harvard UniversityJustice and Redistribution

CLAUDIA SENIK, Universit Paris-IV Sorbonne, and KARIN VAN DER STRAETEN, CNRS and Ecole Polytechnique ParisThe Anatomy of the Demand for Redistribution in Europe: An Investigation of the European Social Survey

ESTEBAN F. KLOR and MOSES SHAYO, Hebrew University of JerusalemRedistribution and Social Identity in the Labor

Discussants: ALOIS STUTZER, University of Zurich
IRIS BOHNET, Harvard University
JAMES FOWLER, University of California-Irvine


Jan. 5, 8:00 am
AEA

Natural Field Experiments in Development Economics (O1)

Presiding: ROHINI PANDE, Yale University

EDWARD MIGUEL, SARAH BAIRD, University of California-Berkeley, and MICHAEL KREMER, Harvard UniversityExperimental Evidence on Long-Run Impacts of Child Health in Kenya

DEAN KARLAN, Yale University, and JONATHAN ZINMAN, Dartmouth UniversityDerationing: Using Randomized Credit Supply Decisions to Measure Microfinance Impacts

BENJAMIN OLKEN, Harvard UniversityMonitoring Corruption: Evidence from a Field Experiment in Indonesia

Discussants: SEEMA JAYACHANDRAN, University of California-Los Angeles
ABHIJIT BANERJEE, Massachusetts Institute of Technology
CHRISTOPHER UDRY, Yale University


Jan. 5, 8:00 am
AFA

Determinants of Default Swap Spreads

Presiding: PIERRE COLLIN-DUFRESNE, University of California-Berkeley

PHILIPPE JORION and GAIYAN ZHANG, University of California-IrvineIntra-Industry Credit Contagion: Evidence from the Credit Default Swap and Stock Markets

DRAGON YONGJUN TANG, Kennesaw State University, and HONG YAN, University of Texas-AustinLiquidity, Liquidity Spillover, and Credit Default Swap Spreads

ANTJE BERNDT, Cornell University, AZIZ A. LOOKMAN, and JULIAN OBREJA, Carnegie Mellon UniversityDefault Risk Premia and Asset Returns

Discussants: KENNETH SINGLETON, Stanford University
VIRAL ACHARYA, London Business School
KENT DANIEL, Northwestern University


Jan. 5, 8:00 am
AFA

Understanding Risks and Expected Returns

Presiding: JOSEPH CHEN, University of Southern California

ZHI DA and PENGJIE GAO, Northwestern UniversityClientele Change, Liquidity Shock, and the Return on Financially Distressed Stocks

EVAN W. ANDERSON, ERIC GHYSELS, University of North Carolina-Chapel Hill, and JENNIFER L. JUERGENS, Arizona State UniversityThe Impact of Risk and Uncertainty on Expected Returns

ANDREW ANG, ROBERT J. HODRICK, Columbia University, YUHANG XING, Rice University, and XIAOYAN ZHANG, Cornell UniversityHigh Idiosyncratic Volatility and Low Returns: International and Further U.S. Evidence

Discussants: TARUN CHORDIA, Emory University
CHRISTOPHER JONES, University of Southern California
TIM JOHNSON, London Business School


Jan. 5, 8:00 am
AFA

International Comparisons

Presiding: RAFAEL LA PORTA, Dartmouth College

FRANKLIN ALLEN, University of Pennsylvania, LAURA BARTILORO, Bank of Italy, and OSKAR KOWALEWSKI, Leon Kozminski Academy of Entrepreneurship and ManagementDoes Economic Structure Determine Financial Structure?

HEITOR ALMEIDA, New York University, MURILLO CAMPELLO, University of Illinois-Urbana-Champaign, and CROCKER H. LIU, New York UniversityThe Financial Accelerator: Evidence from International Housing Markets

BERNARD YIN YEUNG, New York University, LUBOMIR P. LITOV, Washington University-St. Louis, and KOSE JOHN, New York UniversityCorporate Governance and Corporate Risk Taking: Theory and Evidence

Discussants: LUIGI ZINGALES, University of Chicago
JEREMY STEIN, Harvard University
PETER TUFANO, Harvard Business School


Jan. 5, 8:00 am
AFA

Corporate Governance

Presiding: SIMI KEDIA, Rutgers University

MICHAEL H. BRADLEY, ALON BRAV, Duke University, ITAY GOLDSTEIN, University of Pennsylvania, and WEI JIANG, Columbia UniversityCostly Communciation, Shareholder Activism, and Limits to Arbitrage

DALIDA KADYRZHANOVA, Columbia UniversityDoes Governance Pay, or Is Entrenchment the Way? Merger Gains and Antitakeover Provisions

SHANE A. JOHNSON, TED MOORMAN, and SORIN M. SORESCU, Texas A&M UniversityGovernance, Stock Returns, and Market Efficiency

Discussants: LAURA STARKS, University of Texas-Austin
S. RAVID, Rutgers University
KENNETH LEHN, University of Pittsburgh


Jan. 5, 8:00 am
AFA

Executive Compensation and Corporate Governance

Presiding: MILTON HARRIS, University of Chicago

PRAVEEN KUMAR and NISAN LANGBERG, University of HoustonOverinvestment and Corporate Fraud in Efficient Capital Markets

ULF AXELSON, Swedish Institute for Financial Research, and SANDEEP BALIGA, Northwestern UniversityOptimal Executive Compensation with Renegotiation: Explaining Earnings Manipulation and Vesting Schedules

GUSTAVO MANSO, Stanford UniversityMotivating Innovation

Discussants: OGUZHAN OZBAS, University of Southern California
HARESH SAPRA, University of Chicago
MORTEN SORENSEN, University of Chicago


Jan. 5, 8:00 am
AFA/AFE

Dividends and Stock Repurchases

Presiding: KOSE JOHN, New York University

AMY CHUN-CHIA CHANG, PRAVEEN KUMAR, and SHIVA SIVARAMAKRISHNAN, University of HoustonDividend Changes, Cash Flow Predictability, and Signaling of Future Cash Flows

RADHAKRISHNAN GOPALAN, University of Michigan-Ann Arbor, VIKRAM K. NANDA, Arizona State University, and AMIT SERU, University of Michigan-Ann ArborDo Business Groups Use Dividends to Fund Investments?

GERARD HOBERG, and NAGPURNANAND R. PRABHALA, University of MarylandDividend Policy, Risk, and Catering

Discussants: DOUGLAS SKINNER, University of Chicago
AVNER KALAY, Tel Aviv University
MICHAEL BRENNAN, University of California-Los Angeles


Jan.5, 8:00 am
AREUEA

Homeownership and Housing Policy

Presiding: EDGAR O. OLSEN, University of Virginia

DONALD R. HAURIN, Ohio State University, and STUART S. ROSENTHAL, Syracuse University--Language, Agglomeration, and Hispanic Homeownership

GEORGE C. GALSTER and ANNA M. SANTIAGO, Wayne State University--No Place Like Home? Experiences of Recent, Low-Income Homebuyers

STUART S. ROSENTHAL and MICHAEL D. ERIKSEN, Syracuse University--Crowd-Out, Stigma, and the Effect of Place-Based Subsidized Rental Housing on Neighborhoods

FRANOIS DES ROSIERS, Laval University, and MARION STEELE, University of Guelph--Superstar Cities, Condominiums and the Low Income Housing Tax Credit: Is the Contribution of LIHTC to Total Tax Expenditures Less Than it Seems?

Discussants: EDWARD COULSON, Pennsylvania State University
STUART ROSENTHAL, Syracuse University
AMY SCHWARTZ, New York University
KERRY VANDELL, University of California-Irvine


Jan. 5, 8:00 am
AREUEA

Economics of Mortgage Markets

Presiding: TODD SINAI, University of Pennsylvania

ANDREA HEUSON and TIE SU, University of Miami--Mortgage Delivery Options: An Innovation to Improve the Risk/Return Tradeoff in Residential Mortgage Lending

NELA RICHARDSON and DOUGLAS A. MCMANUS, Freddie Mac--Multi-Sided Platforms: An Application to Secondary Mortgage Markets

LYNN M. FISHER, Massachusetts Institute of Technology, and ROBERT VAN ORDER, University of Michigan--The Economics of the Mortgage and Mortgage Institutions

SHANE M. SHERLUND, Federal Reserve Board--The Jumbo-Conforming Spread: A Semiparametric Reexamination

Discussants: NENG WANG, Columbia University
YONGHENG DENG, University of Southern California
ALBERT SAIZ, University of Pennsylvania
BRENT AMBROSE, Pennsylvania State University


Jan. 5, 8:0 0am
ACES

Private Ownership and Public Service Provision

Presiding: JOHN BENNETT, Brunel University,West London

KATHERINA GASSNER, World Bank, ALEXANDER POPOV, University of Chicago, and NATALIYA PUSHAK, World BankAn Empirical Assessment of Private Sector Participation in Electricity and Water Distribution in Developing Countries

EDUARDO ENGEL, Yale University, RONALD FISCHER, University of Chile, and ALEXANDER GALETOVIC, University of the Andes--The Basic Public Finance of Public-Private Partnerships

JOHN BENNETT and ELISABETTA IOSSA, Brunel University--Contracting Out Public Service Provision to Not-for-Profit Firms

RUSSELL PITTMAN, U.S. Department of Justice and New Economic School, Moscow--Will the Train Ever Leave the Station? The Private Provision of Freight Railway Service in Russia and Central and Eastern Europe

Discussants: MARK SCHAFFER, Heriot-Watt University
HADI ESFAHANI, University of Illinois-Urbana-Champaign
AL SLIVINSKI, University of Western Ontario
SERGEI GURIEV, New Economic School, Moscow


Jan. 5, 8:00 am
AFEE/ASE

Continuity and Change: Policy Implications from Social and Institutional Economics (O1)

Presiding: CHRISTOPHER NIGGLE, University of Redlands

MAYO TORUNO, California State University-San Bernardino--The State and the Abundant Society

PHILLIP OHARA, Curtin University, Australia--The Global Spread of AIDS and HIV: Causes, Consequences, and Governance

LAURA J. TAYLOR, Willamette University--Informal Institutions and the Transition in Rural Russia

MICHAEL CARROLL, Bowling Green State University, MARY WRENN, Weber State University, JAMES RONALD STANFIELD, Colorado State University--Toward Community-Based Community Development

HAMID HOSSEINI, Kings College--Why both Formal and Informal Institutions Matter in
Economic Development: Explaining the Change of Lewisian Dualism to a (New?) Formal-
Informal Dichotomy

Discussant: CHRISTOPHER NIGGLE, University of Redlands


Jan. 5, 8:00 am
ASE/IAFFE

Bringing Households and Social Reproduction in Strategies for Sustainability

Presiding: ELLEN MUTARI, Richard Stockton College of New Jersey

ELISSA BRAUNSTEIN, Colorado State University--Women's Nonmarket Work, Gender Inequality, and Economic Growth in East Asia and Latin America

S. CHARUSHEELA, University of Hawaii-Manoa, and COLIN DANBY, University of Washington, Bothell--When is "The Household"?

MARILYN POWER, Sarah Lawrence College--Feminist and Ecological Economics: Applying a Social Provisioning Approach to an Analysis of the Effects of Natural Disasters

JANE WHEELOCK, University of Newcastle--Social Reproduction and Sustainability: The Role of Art

Discussants: JOHN DAVIS, University of Amsterdam and Marquette University
ELLEN MUTARI, Richard Stockton College of New Jersey

Jan. 5, 8:00 am
ASCE

The Cuban Economy

Presiding: ROGER BETANCOURT, University of Maryland-College Park

MARIO A. GONZALEZ CORZO, Lehman College, City University of New York, and SCOTT LARSON, Graduate Center, City University of New York--Cubas Unique Remittance Landscape: A Comparative Perspective

ERNESTO HERNNDEZ-CAT, Johns Hopkins University--A Theory of Transition: The Case of the Former Soviet Union

CARLOS SEIGLIE, Rutgers University-Newark--Socioeconomic Differences between the Races in Cuba and Their Implications for a Transition

Discussants: JORGE SANGUINETTY, DevTech Systems, Inc.
LUIS LOCAY, University of Miami
BRYAN ROBERTS, U.S. Department of Homeland Security


Jan. 5, 8:00 am
ACE

Making Markets Work for the Rural Poor

Presiding: CHRISTOPHER B. BARRETT, Cornell University

PAUL N. WILSON, University of Arizona, and JOHN E. STAPLEFORD, Eastern University-- Transformational Development: A Slow Fast Alternative for Economic Growth

CRAIG GUNDERSEN, Iowa State University, and THOMAS KELLY, RKDev Consulting--Catholic Social Teaching and the Allocation of Scarce Resources to Address Problems of Poverty

TRACY C. MILLER, Grove City College--What Role Can Changes in Institutions and Policies Affecting Access to Property Rights Play in Facilitating Escape from Poverty in Developing Countries?

DUNCAN BOUGHTON, DAVID TSCHIRLEY, Michigan State University, CHRISTOPHER B. BARRETT, Cornell University, and RUI BENFICA, Michigan State University--The Determinants of Market Participation by Poor Rural Households in Sub-Saharan Africa: An Asset-Based Approach


Jan. 5, 8:00 am
AERE

Environmental Conflict and Cooperation (Q5)

Presiding: W. MICHAEL HANEMANN, University of California-Berkeley

JUAN-PABLO MONTERO, Catholic University of Chile--A Simple Auction Mechanism for the Optimal Allocation of the Commons

SUNG HOON PARK, Korean University, and JASON F. SHOGREN, University of Wyoming--Environmental Citizen Suits with Pigovian Punitive Damages

SHLOMI DINAR, Florida International University, ARIEL DINAR, Johns Hopkins University School of Advanced International Studies, and PRADEEP KURUKULASURIYA, Yale University--SCARPERAION: An Empirical Inquiry into the Role of Scarcity in Fostering Cooperation Between International River Riparians

CATHERINE NORMAN, Johns Hopkins University, and BEVIN ASHENMILLER, Occidental College--Anti-SLAPP Legislation and Citizen Enforcement: Measuring the Chill of Strategic Law Suits

Discussants: GLENN BLOMQUIST, University of Kentucky
NICHOLAS FLORES, University of Colorado-Boulder
EMMA HUTCHINSON, University of Victoria
JULIO VIDERAS, Hamilton College


Jan. 5, 8:00am
AIES

Issues in Financial Aspects of Growth (C0, G1, G2)

Presiding: TEJ K. KAUL, Eastern Illinois University

SUHAS KETKAR, Vanderbilt UniversityCorporate Bonds: A Case Study of RIBs and IMDs

RENU KALLIANPUR, AXA Advisors, and SAUL MEKIES, University of IowaSequential Game Theory and an Asian Euro

KUSUM KETKAR, Yeshiva UniversityFinancial Markets and Liberalization

VANDANA RAO, Indiana University EastKey Risk Indicators in Financial Institutions

ATRAYEE GHOSH ROY, Minnesota State University-Mankato, and HENDRIK VAN DEN BERG, University of NebraskaTwin Deficits, Hard Landing and U.S. Growth

DANIEL LAZAR, JOSEPH JEYAPAUL, Loyola College, and SHAILENDRA GAJANANTax-Loss Selling and the April Effect: Evidence from BSE Sensex

KISHORE KULKARNI, Metropolitan State College, and DEBASIS BHATTACHARYA, University of DenverEconomic Liberalization in India, Objectives, Reforms and Perspectives

Discussants: JYOTHI KHANNA, Colgate University
DEBASRI MUKHERJEE, Western Michigan University
MONICA DAS, Skidmore College
SUBHASH SHARMA, Southern Illinois University
ATRAYEE GHOSH ROY, Minnesota State University-Mankato


Jan. 5, 8:00 am
CS

The Economic History of Trade and Growth

Presiding: JOSEPH P. FERRIE, Northwestern University

GUILLAUME DAUDIN, University of Edinburgh and OFCE, Sciences Po ParisA Geography of Domestic Trade in the Late 18th Century France

DAVID S. JACKS and KRISHNA PENDAKUR, Simon Fraser UniversityGlobal Trade and the Maritime Transport Revolution

NOEL D. JOHNSON, California State University-Long BeachPolitical Instability, Institutions, and Economic Growth: 1860-2000

MAX-STEPHAN SCHULZE, London School of Economics, and NIKOLAUS WOLF, Free University of BerlinHarbingers of Dissolution? Grain Prices, Borders, and Nationalism in the Late-Nineteenth century Habsburg Empire

Discussants: KRIS MITCHENERE, Santa Clara University
ERIC HILT, Wellesley College
DOUG IRWIN, Dartmouth College
MARC WEIDENMEIR, Claremont McKenna College


Jan. 5, 8:00 am
ES

Defaults

Presiding: ROD GARRATT, University of California-Santa Barbara

ALOISIO ARAUJO, IMPA and Getlio Vargas Foundation, and BRUNO FUNCHAL, Getlio Vargas Foundation--How Much Debtors' Punishment?

MARZENA ROSTEK and MAREK WERETKA, Yale University--Institutional Investors and CAPM

YINGYAO HU, University of Texas, and WEI TAN, State University of New York-Stony Brook--Empirical Testing of Adverse Selection and Moral Hazard in the Consumer Credit Card Market

ROD GARRATT, University of California-Santa Barbara, and TODD KEISTER, Federal Reserve Bank of New York--Bank Runs as Coordination Failures: An Experimental Study


Jan. 5, 8:00 am
ES

Microeconometrics

Presiding: IVAN FERNANDEZ-VAL, Boston University

YONGMIAO HONG and WENJIE ZHANG, Cornell University--An Improved Nonparametric Entropy Estimator for Serial Dependence

TIEMEN WOUTERSEN, Johns Hopkins University--A Simple Way to Calculate Confidence Intervals for Partially Identified Parameters

BRENT KREIDER, Iowa State University, and JOHN PEPPER, University of Virginia--Identification of Binary Outcome Distributions with Multiplicative Contamination

IVAN FERNANDEZ-VAL, Boston University, and FRANK VELLA, Georgetown University--Bias Corrections for Two-Step Fixed Effects Panel Data Estimators


Jan. 5, 8:00 am
ES

Semiparametric/Nonsemiparametic Methods

Presiding: ERIC RENAULT, University of North Carolina

MICHAEL JANSSON, University of California-Berkeley--Semiparametric Power Envelopes for Tests of the Unit Root Hypothesis

MATTHEW HARDING, Massachusetts Institute of Technology and Harvard University, and JERRY HAUSMAN, Massachusetts Institute of Technology--Semi-Parametric Estimation of the Taste Distribution in Random Coefficients Logit Models

THOMAS A. SEVERINI, Northwestern University, and GAUTAM TRIPATHI, University of ConnecticutEstimating Linear Functionals of Nonparametric Regression Models with Endogenous Regressors

MARINE CARRASCO, Universite de Montreal--Instrumental Variables Estimators Based on Principal Components


Jan. 5, 8:00 am
ES

Empirical and Experimental Studies of Strategic Voting

Presiding: JOHN DUFFY, University of Pittsburgh

DAVID K. LEVINE, Washington University-St. Louis, and THOMAS PALFREY, Princeton University-- The Paradox of Voter Participation: An Experimental Study

JOHN DUFFY, University of Pittsburgh, and MARGIT TAVITS, University of Missouri--Beliefs and Voting Decisions: A Test of the Pivotal Voter Model

MARCO BATTAGLINI, Princeton University, REBECCA MORTON, New York University, and
THOMAS PALFREY, Princeton University--The Swing Voter's Curse in the Laboratory

STEPHEN COATE, Cornell University, MICHAEL CONLIN, Michigan State University, and ANDREA MORO, Federal Reserve Bank of New York--The Performance of the Pivotal Voter Model in Small-scale Elections: Evidence from Texas Liquor Referenda

Discussants: MICHAEL CONLIN, Michigan State University
MARCO BATTAGLINI, Princeton University
JOHN DUFFY, University of Pittsburgh
DAVID K. LEVINE, Washington University-St. Louis


Jan. 5, 8:00 am
ES

Wage Dynamics

Presiding: JEAN-MARC ROBIN, Universite Paris 1, University College London, IFS and CEPR

HAMISH LOW, University of Cambridge, COSTAS MEGHIR, University College London,
and LUIGI PISTAFERRI, Stanford University--Wage Risk and Employment Risk over the Life Cycle

JOSEPH G. ALTONJI, ANTHONY A. SMITH, and IVAN VIDANGOS, Yale University-- Modeling Earnings Dynamics

JESPER BAGGER, University of Aarhus, FRANCOIS FONTAINE, University of Strasbourg,
FABIEN POSTEL-VINAY, University of Bristol and PSE, JEAN-MARC ROBIN, Universite Paris 1 and University College London--A Feasible Equilibrium Model of Individual Wage Dynamics With Human Capital Accumulation

MAGALI BEFFY, CREST-INSEE, MOSHE BUCHINSKY, University of California-Los Angeles,
DENIS FOUGRE, CREST-INSEE, THIERRY KAMIONKA , CREST-INSEE and FRANCIS KRAMARZ, CREST-INSEE--The Returns to Seniority in France (and Why Are They Lower than in the U.S)


Jan. 5, 8:00 am
ES

Firms Behavior, Financial Imperfections, and the Macroeconomy

Presiding: VIVIAN ZHANWEI YUE, New York University

VIVIAN ZHANWEI YUE, New York University, and URBAN JERMANN, University of Pennsylvania--Interest Rate Swaps and Corporate Swap

CRISTINA ARELLANO, University of Minnesota, YAN BAI, Arizona State University, and
JING ZHANG, University of Michigan--Enforcement, Incomplete Contracts and Firms

MIKLOS KOREN, Federal Reserve Bank of New York, LASZLO HALPERN, Hungarian Academy of Sciences, and ADAM SZEIDL, University of California-Berkeley--Imports and Productivity

ESPEN HENRIKSEN, University of Oslo--Post-war Capital Restrictions, Demographics and Welfare Costs

Discussants: ADRIEN VERDELHAN, Boston University
ERWAN QUINTIN, Federal Reserve Bank of Dallas
DOIREANN FITZGERALD, University of California-Santa Cruz
MARCELO OVIEDO, Iowa State University


Jan. 5, 8:00 am
HERO

The Economics of Obesity

Presiding: TOMAS PHILIPSON, University of Chicago

JOHN CAWLEY, JOHN MORAN, and KOSALI SIMON, Cornell UniversityYou Can Never Be Too Rich or Too Thin

JAY BHATTACHARYA and KATE BUNDORF, Stanford UniversityIncidence of Health Care Costs of Obesity

LAN LIANG and BARBARA SCHONE, Agency for Healthcare Research and QualityHealth Insurance and Obesity

Discussants: DIANE WHITEMORE-SCHANZENBACH, University of Chicago
JESSE SHAPIRO, University of Chicago
MICHAEL GROSSMAN, City University of New York


Jan. 5, 8:00 am
HES

The Nature and Significance of Economic Science: Robbins Essay, 75 Years On (B2)

Presiding: BRADLEY W. BATEMAN, Grinnell College

SUSAN HOWSON, University of Toronto--The Making of Robbins Essay

ROGER E. BACKHOUSE, University of Birmingham, and STEVEN G. MEDEMA, University of Colorado-Denver--Defining Economics: Robbins Essay in Theory and Practice

GARY S. BECKER, University of Chicago--Robbins Essay and the Scope of Economics

WILLIAM BAUMOL, New York UniversityThe Essay: Static Versus Intertemporal Welfare Issues


Jan. 5, 8:00 am
LERA

Representing Workers without Majority Union Status: Why Not? Why Now?

Presiding: ROBERT BRUNO, University of Illinois-Urbana Champaign

STEVE YOKICH, Cornfield and Feldman
MARVIN GITTLER, Asher, Gittler, Greenfield & DAlba
LAURIE BURGESS, Katz, Freidman, Eagle, Eisenstein & Johnson
ANDY KRAMER, Jones Day
TONY DOMBROW, Laner Muchin
KEITH KELLEHER, SEIU Local 880


Jan. 5, 8:00 am
LERA

Work Organization in Healthcare: Organizing for Superior Patient Care

Presiding: DANA WEINBERG, Queens College

TIMOTHY VOGUS, Vanderbilt UniversityOrganizing for Patient Safety on Hospital Nursing Units

JODY HOFFER GITTELL, Brandeis UniversityCoordinating Patient Care: A Social Capital Model of High Performance Work Systems

SAUL RUBINSTEIN and CHARLES HECKSCHER, Rutgers UniversityOrganizational Collaboration and the Quality of Health Care Delivery

ANN FROST, University of Western Ontario, BRIAN GOLDEN, University of Toronto, and CLAUDIO MARTIN, University of Western OntarioCoordinating Patient Care in the Intensive Care Unit

Discussant: SUZANNE GORDON


Jan. 5, 8:00 am
LERA

AILR/LERA Best Papers

Presiding: BRUCE KAUFMAN, Georgia State University

BEN DUNFORD, DEIDRA SCHLEICHER, and LIANG ZHU, Purdue University--Consequences of Employee Investments in Company Stock: More Harm than Good or Just Unnecessary

VIDU BADIGANNAVAR, University of Birmingham--Does Labor-Management Partnership Deliver Mutual Gains? Evidence from the UK Public Service

PAUL WILLMAN and ALEX BRYSON, London School of Economics--Accounting for Collective Action: Resource Acquisition and Mobilization in British Unions

PATRICE JALETTE, University of Montreal, and ROBERT HEBDON, McGill University--Union Response to Public Sector Restructuring: Strategic Choices or Single-Minded Opposition?

CRAIG MACMILLAN, Macquarie University--Internal Labor Markets: An Institutional Perspective on Recent Research in Personnel Economics

DANIELLE VAN JAARSVELD, University of British Columbia--Boom & Bust: Lessons from the IT Workforce


Jan. 5, 8:00 am
MEEA

Exchange Rate Regimes and Economic Performance in the Middle East and North Africa (F3)

Presiding: ADAM B. ELHIRAIKA, United Nations Economic Commission for Africa

MAHMOUD ABDELBAKY, Southern Illinois University--Identifying De-Facto Exchange Rate Regimes in MENA (An Alternative Markov Switching Approach)

ELIAS EL-ACHKAR, Association of Banks in Lebanon, and WASSIM SHAHIN, Lebanese American University--Conventional Fixed Peg Arrangements and Price Stability in Select MENA Countries

MOHAMED BENBOUZIANE and ABDELHAK BENAMAR, University of Tlemcen, Algeria--The Impact of Exchange Rate Regimes on the Real

BASSEM KAMAR, International Monetary Fund, and DAMYANA BAKARDZHIEVA, University of Monaco--Reconciling Monetary Policy and Exchange Rate Policy to Enhance Growth: Application to Egypt

HAWKAT HAMMOUDEH, Drexel University, and EISA ALEISA, International Monetary Fund--A Common Currency Peg in the GCC Area: The Optimal Choice of Exchange Rate Regime

Discussants: JAY SQUALLI, Zayed University, UAE
RIZA DEMIRER, Southern Illinois University-Edwardsville
ALI F. DARRAT, Louisiana Tech University
A.YASEMIN YALTA, Fordham University
VUSLAT US, Central Bank of Turkey


Jan. 5, 8:00 am
NEA

Crime, Criminal Justice, and African Americans (D0)

Presiding: JOHN A. KARIKARI, U.S. Government Accountability Office

KWABENA GYIMAH-BREMPONG, University of South Florida, and JULIET ELU, Spelman College--Does Affirmative Action in Policing Increase Crime?

GREGORY PRICE, Jackson State University--Crime and Obesity

PATRICK MASON, Florida State University--Race and Sentencing in the United States

GREGORY PRICE, Jackson State University--Broken Windows in the Hood: Crime and Housing Characteristics

Discussants: JOHN A. KARIKARI, U.S. Government Accountability Office
ELIZABETH ASIEDU, University of Kansas
SUSAN FEINER, University of Southern Maine
JULIET ELU, Spelman College


Jan. 5, 8:00 am
NAEFA

Industrial Organization (L0)

Presiding: MUHAMMAD MUSTAFA, South Carolina State University

JAMES A. BROX, University of Waterloo--Investment in Information and Communications Technology and the Canadian Productivity Gap

LUIS SAN VICENTE PORTES, Montclair State University--Multinational Corporations and the Moderation of U.S. Output Volatility

STEPHEN RUBB, Sacred Heart University, and MICHAEL A. QUINN, Bentley College--Education-Occupation Matching and Family Migration in the United States

JOSHUA J. LEWER, West Texas A&S University--Growth Determinants for Columbia: National and Regional panel Data Evidence, 1964-2002

BRADLEY T. EWING, Rawls College of Business, and PHANINDRA V. WUNNAVA, Middlebury CollegeCharacterizing the Long-Run Relationship between Union and Non-Union Wages in a Vector Error Correction Framework

Discussants: MEHDI HARIRIAN, Bloomsburg University
KWAN KIM, University of Notre Dame
MATIUR RAHMAN, McNeese State University


Jan. 5, 8:00 am
SGE

Child Care and the American Time Use Survey

Presiding: CHARLENE M. KALENKOSKI, Ohio University

CHARLENE M. KALENKOSKI, Ohio University, DAVID C. RIBAR, George Washington University, and LESLIE S. STRATTON, Virginia Commonwealth University--Family Structure and Adolescents Time Use

JEAN KIMMEL, Western Michigan University, and RACHEL CONNELLY, Bowdoin College--Time Allocation in a Family Setting: Constructing Synthetic Couples with the ATUS

MARY DORINDA ALLARD, U.S. Bureau of Labor Statistics, SUZANNE BIANCHI, University of Maryland, and JAY STEWART, U.S. Bureau of Labor Statistics--How Does Employment Affect the Timing of Time with Children?

ANNE E. WINKLER and THOMAS R. IRELAND, University of Missouri-St. Louis--Time Spent in Household Management: Implications for Forensic Economic Analysis

Discussants: NANCY FOLBRE, University of Massachusetts
LESLIE STRATTON, Virginia Commonwealth University
IRINA PALEY, U.S. Department of the Treasury
SABRINA PABILONIA, U.S. Bureau of Labor Statistics


Jan. 5, 8:00 am
URPE

Current Trends in Turkish Economy (P5)

Presiding: BENAN ERES, Ankara University, Turkey

OZGE OZAY, University of UtahPrice-Wage Determination Mechanisms in the Turkish Textile Sector: 1980-2005

EMEL MEMIS, University of UtahA Sectoral Analysis of Wages and Profitability Trends Under the Export- Led Regime in the Turkish Manufacturing Industry

OZGE IZDES, University of UtahEvolution of Labor Market in the Structural Adjustment Era- Case of Turkey

OZDEN BIRKAN, University of UtahAlternative Measures of Currency Substitution in Turkey

Discussant: BENAN ERES, Ankara University, Turkey


Jan. 5, 8:00 am
URPE/IAFFE

Gender and Development: Assessing Investments, Empowerment Strategies, and
Measuring Womens Progress (O1)

Presiding: GUNSELI BERIK, University of Utah

CAREN GROWN, DIANE ELSON, Levy Economics Institute at Bard College, CHANDRIKA BAHADUR, and JESSIE HANDBURY, UN Millennium ProjectThe Financial Requirements of Achieving Gender Equality and Womens Empowerment in Low Income Countries

RAMYA M. VIJAYA, Richard Stockton CollegeTrade, Jobs, and Gender Trends

SUCHARITA SINHA, University of California-RiversideThe Conundrum of Development: Increasing Literacy and Female Disadvantage in Urban India

FARIDA C. KHAN, University of Wisconsin-ParksideLocalizing Gender Development Indices: The South Asian Particular

Discussants: GUNSELI BERIK, University of Utah
JERRY EPSTEIN, University of Massachusetts-Amherst
STEPHANIE SEGUINO, University of Vermont


Jan. 5, 10:15 am
AFEA

Institutions, Policy and Micro and Sectoral Performance in African Countries

Presiding: OLADELE OMOSEGBON, Indiana Wesleyan University

MESFIN BEZUNEH and ZELEALEM YIHEYIS, Clark Atlanta UniversityHas Trade Liberalization Reduced the Incidence of Malnutrition in Developing Countries?

KWABIA BOATENG, UNECAHigher Education and the Labor Market: A Logical Framework for Policy Makers in Africas Education Sector

MINA BALIAMOUNE-LUTZ, University of North Florida, and LEONCE NDIKUMANA, University of MassachusettsThe Growth Effects of Openness to Trade and the Role of Institutions: The Case of Sub-Saharan Africa

ELIZABETH ASIEDU, University of Kansas, and BOAZ NANDWA, Yale UniversityExplaining the Differences in HIV/AIDS Infection Rates in Sub-Saharan Africa

Discussants: DANIEL GBETNKOM, University of Yaounde II
MESHACH AZIAKPONO, Rhodes University, South Africa
AKPAN H. EKPO, University of Uyo, Nigeria
ALADELE OMOSSEGBON, Indiana Wesleyan University


Jan. 5, 10:15 am
AAEA

Wealth Dynamics, Risk Preferences, and Threshold Effects (Q1)

Presiding: TRAVIS J. LYBBERT, University of California-Davis

TRAVIS J. LYBBERT, University of California-Davis, and CHRISTOPHER B. BARRETT, Cornell UniversityRisk Responses to Dynamic Asset Thresholds

DAVID BUSCHENA, JOSEPH ATWOOD, Montana State University,and DAVID ZILBERMAN, University of California-BerkeleyRisk Attitudes for Income under Discrete Status Levels, with Application to Financial Transaction Costs

DAVID R. JUST, Cornell University--Wealth as Welfare: Are Wealth Thresholds Behind Persistent Poverty?

Discussant: MICHAEL CARTER, University of Wisconsin-Madison


Jan. 5, 10:15 am
AEA

Capital Market Frictions (G1)

Presiding: LASSE HEJE PEDERSEN, New York University

MARK SEASHOLES and TERRENCE HENDERSHOTT, University of California-BerkeleyMarket Maker Inventories and Stock Prices

LASSE HEJE PEDERSEN, New York UniversityCapital Flows and Corporate Bond Yields

ADAM ASHCRAFT, Federal Reserve Bank of New York, and DARRELL DUFFIE, Stanford UniversitySystemic Illiquidity in the Federal Funds Market

Discussants: GIDEON SAAR, Cornell University
HONGJUN YAN, Yale University
GUILLAUME PLANTIN, London Business School


Jan. 5, 10:15 am
AEA

The Interrelationship between Cognitive and Non-Cognitive Skills (J3)

Presiding: GARY S. BECKER, University of Chicago

FLAVIO CUNHA and JAMES HECKMAN, University of ChicagoThe Evolution of Cognitive and Non-Cognitive Skills over the Lifecycle of the Child

LEX BORGHANS, HUUB MEIJERS, and BAS TER WEEL, Maastricht UniversityThe Importance of Non-Cognitive Skills for Cognitive Test Scores

SHANE FREDERICK, Massachusetts Institute of TechnologyCognitive Reflection and Decision Making

Discussants: LEX BORGHANS, Maastricht University
BRIAN A. JACOB, Harvard University
CATHERINE J. WEINBERGER, University of California-Santa Barbara


Jan. 5, 10:15 am
AEA

Behavioral Game Theory (C9)

Presiding: JOSEPH TAO-YI WANG, California Institute of Technology

JOSEPH TAO-YI WANG, MORAN SURF, and COLIN F. CAMERER, California Institute of TechnologyStudying Learning in Games Using Eye-Tracking

MIGUEL A. COSTA-GOMES, University of York, and VINCENT P. CRAWFORD, University of California-San DiegoStudying Cognition by Monitoring Information Search in Guessing Games

MEGHANA BHATT, California Institute of Technology, TERRY LOHRENZ, READ MONTAGUE, Baylor College of Medicine, and COLIN F. CAMERER, California Institute of TechnologyThe Neural Mechanisms of Second Order Belief and Deception in Bargaining Games with Cheap Talk

Discussants: VINCENT P. CRAWFORD, University of California-San Diego
COLIN F. CAMERER, California Institute of Technology
DAVID K. LEVINE, University of California-Los Angeles


Jan. 5, 10:15 am
AEA

Intrinsic Motivation, Organization and Institutions

Presiding: PAUL GROUT, University of Bristol

TIMOTHY BESLEY and MAITREESH GHATAK, London School of EconomicsOrganization Design with Motivated Agents

PATRICK FRANCOIS, University of British ColumbiaNorms and Institutional Change

PAUL GROUT, University of Bristol, and WENDELIN SCHNEDLER, University of HeidelbergWhy is Donated Labor in Organizations So Delicate?

SHEEN S. LEVINE, Singapore Management University, and EDWARD J. ZAJAC, Northwestern UniversityThe Social Life of Financial Bubbles


Jan. 5, 10:15 am
AEA

Asymmetric Information and Moral Hazard in Insurance Markets (D8)

Presiding: HANMING FANG, Yale University

PATRICK BAJARI, University of Minnesota, HAN HONG, and AHMED KHWAJA, Duke UniversitySemiparametric Analysis of Adverse Selection and Moral Hazard in Health Insurance Contracts

AMY FINKELSTEIN and JAMES POTERBA, Massachusetts Institute of TechnologyTesting for Adverse Selection with Unused Observables

LIRAN EINAV, Stanford University, and AMY FINKELSTEIN, Massachusetts Institute of TechnologyThe Costs and Benefits of Choice in Social Insurance: Evidence from the UK Annuity Market

HANMING FANG, Yale University, MICHAEL KEANE, University of Technology, Australia, and DAN SILVERMAN, University of MichiganSources of Advantageous Selection: Evidence from the Medigap Insurance Market

Discussants: SUSUMU IMAI, Queens University, Canada
LIMOR GOLAN, Carnegie Mellon University
ALESSANDRO LIZERRI, New York University
JEFFREY BROWN, University of Illinois-Urbana-Champaign


Jan. 5, 10:15 am
AEA

Capital Flows and Productivity (F2)

Presiding: SEBNEM KALEMLI-OZCAN, University of Houston and NBER

SEBNEM KALEMLI-OZCAN, University of Houston and NBER, MEHMET EKINCI, University of Rochester, and BENT SORENSEN, University of HoustonWny Are Capital Flows between Regions So Different from Capital Flows between Countries? Evidence from Europe

AYHAN KOSE, ESWAR PRASAD, and MARCO TERRONES, International Monetary FundHow Does Globalization Effect Risk Sharing? Patterns and Channels

PIERRE-OLIVIER GOURINCHAS, University of California-Berkeley and NBER, and OLIVIER JEANNE, International Monetary FundCapital Flows to Developing Countries: The Allocation Puzzle

TATIANA DIDIER, ROBERTO RIGOBON, Massachusetts Institute of Technology, and SERGIO SCHMUKLER, World BankUnexploited Gains from International Diversification

Discussants: PHILIP HARTMAN, European Central Bank
PETER BLAIR HENRY, Stanford Business School and NBER
FABIO GHIRONI, Boston College and NBER
MICHAEL KLEIN, Tufts University and NBER


Jan. 5, 10:15 am
AEA

Household Finance: Cognition and Decision Making (D9)

Presiding: CHRISTOPHER SNYDER, Dartmouth College

VICTOR STANGO and JONATHAN ZINMAN, Dartmouth CollegeFuzzy Math and Red Ink: Payment/Interest Bias and Household Finance

DANIEL BENJAMIN, Harvard University, and JESSE SHAPIRO, University of ChicagoWho is Behavioral? Cognitive Ability and Anomalous Preferences

ANNAMARIA LUSARDI, Dartmouth College, and OLIVIA MITCHELL, University of PennsylvaniaFinancial Illiteracy and Planning: Implications for Retirement Well-Being

Discussants: XAVIER GABAIX, Massachusetts Institute of Technology
PHILIP BOND, University of Pennsylvania
STEFANO DELLAVIGNA, University of California-Berkeley


Jan. 5, 10:15 am
AEA

Structural Change and the Decline in Manufacturing (O1)

Presiding: FRANCISCO BUERA, Northwestern University

DARON ACEMOGLU and VERONICA GUERRIERI, Massachusetts Institute of TechnologyCapital Deepening and Non-Balanced Economic Growth

FRANCISCO BUERA, Northwestern University, and JOSEPH KABOSKI, Ohio State UniversityScale Economies and Structural Change

KIMINORI MATSUYAMA, Northwestern UniversityProductivity-Based Theory of Manufacturing Employment Decline: An International Perspective

RACHEL NGAI and CHRISTOPHER PISSARIDES, London School of EconomicsTrends in Hours and Economic Growth


Jan. 5, 10:15 am
AEA

Productivity-Enhancing Reallocation: Comparative International Evidence (O5)

Presiding: JOHN EARLE, Upjohn Institute for Employment Research and Central European University

ERIC BARTELSMAN, Free University of Amsterdam, JOHN HALTIWANGER, University of Maryland, and STEFANO SCARPETTA, World BankReallocation and Productivity Growth: The FAQs

ALVARO ESCRIBANO, Universidad Carlos III Madrid, and J. LUIS GUASCH, World BankAssessing the Impact of the Investment Climate on Productivity Using Firm-Level Data: Methodology

HELENA SCHWEIGER, European Bank for Reconstruction and DevelopmentThe Impact of State Aid for Restructuring on the Allocation of Resources

J. DAVID BROWN, Heriot-Watt University, JOHN EARLE, Upjohn Institute for Employment Research and Central European UniversityProductivity-Enhancing Reallocation under Socialism and in Transition: A Comparative International Study

Discussants: MARK DOMS, Federal Reserve Bank of San Francisco
ERIC BARTELSMAN, Free University of Amsterdam
CHAD SYVERSON, University of Chicago
ARIEL PAKES, Harvard University


Jan. 5, 10:15 am
AEA

Wars, Finance, and War Finance (E6, N4)

Presiding: SHAUN VAHEY, Reserve Bank of New Zealand and Norges Bank

FARLEY GRUBB, University of DelawareThe Net Asset Position of the U.S. National Government, 1784-1802: Hamiltons Blessing or the Spoils of War?

WILLIAM SILBER, New York UniversityThe Great Financial Crisis of 1914: What Can We Learn from Aldrich-Vreeland Emergency Currrency?

SHAUN VAHEY, Reserve Bank of New Zealand and Norges Bank, and JIM NASON, Federal Reserve Bank of AtlantaWWI Finance and the UK Interwar Depression

EUGENE WHITE, FILIPPO OCCHINO, Rutgers University, and KIM OOSTERLINCK, Solvay Business School, Free University BrusselsHow Occupied France Financed Its Own Exploitation in World War II


Jan. 5, 10:15 am
AEA

New Approaches to International Trade (F1)

Presiding: ANDREW ATKESON, University of California-Los Angeles

JONATHAN EATON, New York University, ROBERT DEKLE, University of Southern California, and SAMUEL KORTUM, University of MinnesotaNew Configurations of Global Production and Trade: Implications of Chinas Emergence

FLORIN BILBLIE, Oxford University, FABIO GHIRONI, Boston College, and MARC MELITZ, Harvard UniversityTrade Flow Dynamics with Heterogeneous Firms

ANDREW ATKESON and ARIEL BURSTEIN, University of California-Los AngelesPricing to Market with Heterogeneous Firms

Discussants: HUGO HOPEHAYN, University of California-Los Angeles
CHANG-TAI HSIEH, University of California-Berkeley
GITA GOPINATH, Harvard University


Jan. 5, 10:15 am
AEA

K-12 Economic and Financial Literacy Education

Presiding: ELIZABETH WEBBINK, National Council on Economic Education

ROBERT F. HODGIN, University of Houston-Clear Lake, STEVEN L. COBB, University of North Texas, and ALBERTO DAVILA, University of Texas-Pan AmericanField Testing Novel Digital Learning Modules for Economics in the Third Millennium

PAUL W. GRIMES, MEGHAN MILLEA, and M. KATHLEEN THOMAS, Mississippi State UniversityEstablishing a Baseline Measure of Teacher Economic Literacy in Mississippi

JOHN R. SWINTON, Georgia College & State University, BENJAMIN P. SCAFIDI, JR., Georgia State University, and THOMAS W. DE BERRY, North Georgia College & State UniversityEvaluation on Effectiveness of Workshops Offered by the Georgia Council on Economic Education

CYNTHIA L. HARTER and JOHN F.R. HARTER, Eastern Kentucky UniversityAssessing the Effectiveness of Financial Fitness for Life in Eastern Kentucky

Discussants: RICHARD A. MACDONALD, St. Cloud State University
JANE LOPUS, California State University-East Bay
WILLIAM BOSSHARDT, Florida Atlantic University
HELEN H. ROBERTS, University of Illinois-Chicago


Jan. 5, 10:15 am
AEA

75th Anniversary of Hicks Introduction of the Elasticity of Substitution between Labor and Capital

Presiding: ROBERT CHIRINKO, Emory University

RAINER KLUMP, Frankfurt University, PETER MCADAM, and ALPO WILLMAN, European Central BankA Supply Side Diagnosis of Growth in the Euro Area (1970-2005): Factor Substitution Technology, Productivity and Unemployment

DEBDULAL MALLICK, Emory UniversityWhat Role for the Elasticity of Substitution in Economic Growth? A Cross-Country Test of the de la Grandville Hypothesis

SIMON PRICE, Bank of England, and SEBASTIAN BARNES, OECDLong-Run Estimates of the Elasticity of Substitution Using UK Firm-Level Data

ROBERT CHIRINKO and DEBDULAL MALLICK, Emory UniversityThe Substitution Elasticity, Growth Theory, and the Low-Pass Filter Panel Model

Discussants: NILS GOTTFRIES, Uppsala University
ELMER STERKEN, University of Groningen
GIOVANNI URGA, Cass Business School
ROBERT SOLOW, Massachusetts Institute of Technology


Jan. 5, 10:15 am
AEA

Parties and Politicians (D7)

Presiding: ANTONIO MERLO, University of Pennsylvania

DAN BERNHARDT, University of Illinois-Urbana-Champaign, LARISSA CAMPUZANO, Mathematica Policy Research, and FRANCESCO SQUINTANI, University College LondonOn the Benefits of Party Competition

ERNESTO DAL BO, University of California-Berkeley, PEDRO DAL BO, Brown University, and JASON SNYDER, Northwestern UniversityRunning in the Family? Dynastic Transmission of Political Power in the U.S. Congress 1789-1996

ANDREA MATTOZZI, California Institute of Technology, and ANTONIO MERLO, University of PennsylvaniaPolitical Careers or Career Politicians


Jan. 5, 10:15 am
AEA

Issues in Family/Household Decision Making

Presiding: GAIL HOYT, University of Kentucky

SABRINA PABILONIA, U.S. Bureau of Labor Statistics, and JENNIFER WARD-BATTS, Claremont McKenna CollegeThe Effect of Child Gender on Parents Labor Supply: An Examination of Natives, Immigrants, and Their Children

LUCIE SCHMIDT, Williams College, and PURVI SEVAK, Hunter CollegeMarriage Delay and Private Saving

KASEY BUCKLES, University of Notre DameAdoption Subsidies and Adoption Outcomes: An Instrumental Variables Approach

TERRA MCKINNISH, University of Colorado-BoulderEarnings and Spousal Mobility: Power Couples and Trailing Spouses

Discussants: KRISTIN BUTCHER, Federal Reserve Bank of Chicago
JIM ZILIAK, University of Kentucky
DAN BLACK, Syracuse University
MATTHEW KAHN, Tufts University


Jan. 5, 10:15 am
AEA

Field Experiments on Charitable Giving (C9)

Presiding: DAVID REILEY, University of Arizona

DEAN KARLAN, Yale University, and JOHN LIST, University of ChicagoDoes Price Matter in Charitable Giving?

CATHERINE ECKEL, University of Texas-Dallas, and PHILIP GROSSMAN, St. Cloud State UniversityCharitable Giving to a University: Do Subsidies Increase Donations?

RACHEL CROSON, University of Pennsylvania, and JEN SHANG, Indiana UniversityMotivations for Giving: Field and Survey Data

Discussants: DAVID REILEY, University of Arizona
STEPHAN MEIER, Federal Reserve Bank of Boston
LISE VESTERLUND, University of Pittsburgh


Jan. 5, 10:15 am
AEA

Contracts and Fairness (D2, D6)

Presiding: ULRIKE MALMENDIER, Stanford University

ERNST FEHR, University of Zurich, and KLAUS SCHMIDT, University of MunichAdding a Stick to the Carrot? The Interaction of Bonuses and Fines

OLIVER HART, Harvard University, and JOHN HARDMAN MOORE, University of EdinburghFlexible versus Rigid Contracts

W. BENTLEY MACLEOD, Columbia UniversitySocial Preferences and the Time Structure of Relational Contracts

Discussants: JEREMY STEIN, Harvard University
PATRICK BOLTON, Columbia University
ROBERT GIBBONS, Massachusetts Institute of Technology


Jan. 5, 10:15 am
AEA

The Relationship between Education and Well-Being (I2)

Presiding: JOSHUA ANGRIST, Massachusetts Institute of Technology

ADRIANA LLERAS-MUNEY, Princeton University, and DAVID CUTLER, Harvard UniversityEducation and Health: Evaluating Theories and Evidence

SUSAN DYNARSKI, Harvard UniversityHow Does College Change Womens Lives?

PHILIP OREOPOULOS, University of TorontoWealth and Happiness from Compulsory Schooling: Recent Evidence from Raising the School Leaving Age to 18 in the United States

MAKI UEYAMA, DEAN LILLARD, and KOSALI SIMON, Cornell UniversityHow Does Parental Education Affect Child Health?

Discussants: MICHAEL GROSSMAN, City University of New York
LAWRENCE KATZ, Harvard University
JOSHUA ANGRIST, Massachusetts Institute of Technology
ADRIANA LLERAS-MUNEY, Princeton University


Jan. 5, 10:15 am
AEA

What Should Development Economists Know? (O1)

Presiding: MARTIN FELDSTEIN, Harvard University and NBER

ARNOLD HARBERGER, University of California-Los AngelesCan We Identify the Basic Tools Needed for Policy Analysis in Developing Countries?

SIMON JOHNSON, International Monetary FundAvoiding the See-Saws of Development Policy

ANNE KRUEGER, International Monetary FundUnderstanding Context and Interlinkages in Development Policy Formulation and Implementation

Discussants: SEBASTIAN EDWARDS, University of California-Los Angeles
ABHIJIT BANERJEE, Massachusetts Institute of Technology


Jan. 5, 10:15 am
AEA/AREUEA

Real Estate Markets and Performance

Presiding: KARL E. CASE, Wellesley College

FRANK NOTHAFT and AMY CREWS CUTTS, Freddie MacUp in ARMS: The Interplay of Mortgage and Housing Markets

KARL CASE, Wellesley College, and JOHN QUIGLEY, University of California-BerkeleyHousing Markets and the Real Economy: Demographics and the Cycle

JEFFREY D. FISHER, Indiana University, DAVID LING, and ANDY NARANJO, University of FloridaReturns and Capital Flow Cycles for Commercial Real Estate

ANTHONY SANDERS, Ohio State UniversityForward Markets in Housing Prices: What Have We Learned?

Discussants: KERRY VANDELL, University of California-Irvine
CHRIS MAYER, Columbia University
STUART GABRIEL, University of Southern California
WILLIAM GOETZMANN, Yale University


Jan. 5, 10:15 am
AEA/HERO

Economics of Medical Care Report Cards

Presiding: DONALD E. YETT, University of Southern California

LORENS HELMCHEN and ANTHONY T. LOSASSO, University of Illinois-ChicagoHow Much Performance Can P4P Buy?

LEEMORE DAFNY and DAVID DRANOVE, Northwestern UniversityDo Report Cards Tell Consumers Anything They Dont Already Know?

DENNIS SCANLON, Pennsylvania State University, JON CHRISTIANSON, University of Minnesota, and RICHARD LINDROOTH, Medical University of South CarolinaThe Effect of a Hospital Safety Incentive and Hospital Reports in an Employed Population

Discussants: DAVID MELTZER, University of Chicago
JAY BHATTACHARYA, Stanford University
KIMBERLY RASK, Emory University


Jan. 5, 10:15 am
AFA

Governance Trade-Offs

Presiding: DANIEL WOLFENZON, New York University

MARIA GUADALUPE and FRANCISCO PEREZ-GONZALEZ, Columbia UniversityThe Impact of Product Market Competition on Private Benefits of Control

ROBERT B.H. HAUSWALD, American University, and ROBERT MARQUEZ, University of MarylandGovernance Mechanisms and Corporate Disclosure

XAVIER GABAIX, Massachusetts Institute of Technology, and AUGUSTIN LANDIER, New York UniversityWhy Has CEO Pay Increased So Much?

Discussants: MATIAS BRAUN, University of California-Los Angeles
NITTAI BERGMAN, Massachusetts Institute of Technology
STEVEN KAPLAN, University of Chicago


Jan. 5, 10:15 am
AFA

Behavior of Individual Investors

Presiding: TERRANCE ODEAN, University of California-Berkeley

MARKUS GLASER, THOMAS LANGER, University of Mannheim, JENS REYNDERS, Siemens Management Consulting, and MARTIN WEBER, University of MannheimFraming Effects in Stock Market Forecasts: The Difference between Asking for Prices and Asking for Returns

ANDERS ANDERSON, Swedish Institute for Financial ResearchIs Online Trading Gambling with Peanuts?

SOEREN HVIDKJAER, University of MarylandSmall Trades and the Cross-Section of Stock Returns

Discussants: NING ZHU, Yale University
L. FRIEDER, Purdue University
ANDREY UKHOV, Indiana University-Bloomington


Jan. 5, 10:15 am
AFA

Market Efficiency and Professional Investors

Presiding: JENNIFER CONRAD, University of North Carolina-Chapel Hill

EKKEHART BOEHMER, Texas A&M University, and ERIC KELLEY, Washington State UniversityInstitutional Investors and the Informational Efficiency of Prices

ZHI DA and ERNST SCHAUMBURG, Northwestern UniversityTarget Prices, Relative Valuations and the Premium for Liquidity Provision

KLAAS BAKS, JEFFREY A. BUSSE, and T. CLIFTON GREEN, Emory UniversityFund Managers Who Take Big Bets: Skilled or Overconfident

Discussants: CHARLES JONES, Columbia University
KENT WOMACK, Dartmouth College
MARK CARHART, Goldman Sachs Group, Inc.


Jan. 5, 10:15 am
AFA

Equity Trading

Presiding: CHESTER SPATT, Securities and Exchange Commission and Carnegie Mellon University

CHRISTOPHER GECZY and JINGHUA YAN, University of PennsylvaniaWho Are the Beneficiaries When Insiders Trade? An Examination of Piggybacking in the Brokerage Industry

AMBER ANAND, University of Central Florida, SUGATO CHAKRAVARTY, Purdue University, and CHAIRAT CHUWONGANANT, Indiana University-Purdue University-Fort WayneCleaning House: Stock Reassignments on the NYSE

EKKEHART BOEHMER and JULIE WU, Texas A&M UniversityOrder Flow and Prices

Discussants: MAHENDRARAJAH NIMALENDRAN, University of Florida
SHANE CORWIN, University of Notre Dame
STEWART MAYHEW, Securities and Exchange Commission


Jan. 5, 10:15 am
AFA

Derivatives

Presiding: JUN PAN, Massachusetts Institute of Technology

ALESSANDRO BEBER, University of Lausanne, and MICHAEL W. BRANDT, Duke UniversityResolving Macroeconomic Uncertainty in Stock and Bond Markets

ROSSEN I.VALKANOV, University of California-Los Angeles, PRADEEP K. YADAV, Lancaster University, and YUZHAO ZHANG, University of California-Los AngelesDoes the Early Exercise Premium Contain Information about Future Underlying Returns?

CAIO ALMEIDA, Ibmec, Parana, JEREMY J. GRAVELINE, and SCOTT JOSLIN, Stanford UniversityDo Options Contain Information about Excess Bond Returns?

Discussants: MICHAEL JOHANNES, Columbia University
NICOLAS P.B. BOLLEN, Vanderbilt University
MIKHAIL CHERNOV, Columbia University


Jan. 5, 10:15 am
AREUEA

Urban Spatial Economics

Presiding: R. KELLEY PACE, Louisiana State University

PETER ENGLUND, Stockholm School of Economics, AKE GUNNELIN, BO SODERBERG, Royal Institute of Technology, and PATRIC HENDERSHOTT, University of Aberdeen and San Diego State University--Asymmetric Behavioral Responses and Adjustment in the Space Market

RICHARD W. MARTIN, University of Georgia, and RAPHAEL W. BOSTIC, University of Southern California--Does Housing Affordability Contribute to Spatial Mismatch

JUN CHEN, HAIBO HUANG, RUIJUE PENG, and JINBAO TONG, Property & Portfolio Research, Inc.--Measuring Intertemporal Spatial Evolution of Rents and Prices: How Do Drivers Differ by Urban Forms

DAVID MORRIS FRANKEL, Iowa State University, and OSCAR VOLIJ, Ben Gurion University--Measuring Segregation

Discussants: SHAUN BOND, University of Cambridge
DOUG KRUPKA, Georgia State University
R. KELLEY PACE, Louisiana State University
ELLEN HANAK, Public Policy Institute of California


Jan. 5, 10:15 am
ACES

Comparative Economic Systems at the Regional Level (In memory of John Michael
Montias) (R1)

Presiding: WOLFRAM SCHRETTL, Free University of Berlin

NICOLA FUCHS-SCHUENDELN and RIMA IZEM, Harvard University--Explaining Low Levels of Labor Productivity in the Region of Eastern Germany: A Spatial Analysis

MONIKA SCHNITZER, Ludwig Maximilian University, Munich, and CLAUDIA BUCH, University of Tuebingen--The Drive for German Cross Regional Investment to Transition Economies

ANDREA BOLTHO, Magdalen College, University of Oxford--Why Do Some Regional Differentials Persist and Others Do Not? Italy and Spain Compared

JOHN HALL, Portland State University, and UDO LUDWIG, Halle Institute for Economic ResearchConvergence Through Migration

Discussant: JOHN MARANGOS, Colorado State University


Jan. 5, 10:15 am
AFEE

Social Fabric Matrix for Policy Analysis (B4)

Presiding: F. GREGORY HAYDEN, University of Nebraska-Lincoln

STEVEN BOLDUC, Minnesota State University-Moorhead--The Need for and Challenge of
Balancing Public Participation and Scientific Expertise in Ecological Policy Debates: A Social
Fabric Matrix Approach

SCOTT T. FULLWILER, Wartburg College, and GEOFFREY ALLEN, TD Ameritrade--Can the Fed Target Inflation? An Institutionalist Approach

TRISTAN MARKWELL, University of Nebraska-Lincoln--Microsoft Excel and the Social Fabric Matrix: Corporate Networks and Beyond

TARA NATARAJAN, St. Michaels College--The Industrialization of Indian Agriculture: Deploying a Development Agenda

JERRY L. HOFFMAN, Nebraska Coalition for Educational Equity and Adequacy, and F. GREGORY HAYDEN, University of Nebraska-Lincoln--Using the Social Fabric Matrix to Seek Adequacy in Education

Discussant: GREGORY HAYDEN, University of Nebraska-Lincoln


Jan. 5, 10:15 am
AFEE

Institutionalism and Comparative Economic Systems (P5)

Presiding: DELL CHAMPLIN, Western Washington University

ARISTIDIS BITIZENIS, University of Macedonia, Greece and JOHN MARANGOS, Colorado State University--Globalization and Integration-Assisted Transition in Central and Eastern European
Economies

CHRISTOS KALANTARIDIS, University of Teesside, UK--Institutional Change in Post-Socialist Regimes: Public Policy and Beyond

GEOFFREY SCHNEIDER, Bucknell University--Swedens Economic Recovery and the Theory of Comparative Institutional Advantage

ERIC HAKE, Eastern Illinois University--The Microfoundations of Comparative Economics

RULA QALYOUBI KEMP, University of Wisconsin-Stout, and THOMAS A. KEMP, University of Wisconsin-Eau Claire--Reciprocity in Jordans Economy

Discussant: WILLIAM BARNES, University of Portland


Jan. 5, 10:15 am
ASE

Remembering Robert L. Heilbroner, Social Economist

Presiding: INGRID RIMA, Temple University

ROBERT W. DIMAND and ROBERT H. KOEHN, Brock University--Heilbroner and Bernstein on Fiscal Policy and the Twin Deficits

WILLIAM MILBERG, New School for Social Research--The "New Economy" in The Making of Economic Society

CHARLES M. A. CLARK, St. John's University--On Values and Value Theory

MATHEW FORSTATER, University of Missouri, Kansas CityVision, Scenario, Analysis: Instrumental Interpretations for Public Policy

Discussant: DEIRDRE MCCLOSKEY, University of Illinois, Chicago and Rotterdam University


Jan. 5, 10:15 am
ACE

The Role of Religion in Twentieth Century Political Economy: Insights from Hayek, Knight, Smith, and Viner

Presiding: BRADLEY BATEMAN, Grinnell College

LAURENCE R. IANNACCONE, George Mason University--Religion and the Economic Order: Insights from Smith, Hayek, and Smith

PETER BOETTKE, George Mason University--The Role of Providence in the Social Order: Insights from Jacob Viner

KENNETH ELZINGA, University of Virginia, and MATTHEW GIVENS, CHD Meridian--Hayek and Christianity

ROSS EMMETT, Michigan State University--Religion and the Limits of Liberalism: Frank H. Knights Early Views


Jan. 5, 10:15 am
AERE

The European Unions Emissions Trading System: A Roundtable Assessment (Q5)

Presiding: ROBERT STAVINS, Harvard University

FRANK CONVERY, University College Dublin
DENNY ELLERMAN, Massachusetts Institute of Technology
WILLIAM PIZER, Resources for the Future


Jan. 5, 10:15 am
AFE

Corporate Governance and Performance I

Presiding: ANIL MAKHIJA, Ohio State University

KENNETH LEHN, SUKESH PATRO, University of Pittsburgh, and MENGXIN ZHAO, Bentley College--Governance Indices and Valuation Multiples: Which Causes Which?

N. K. CHIDAMBARAN, DARIUS PALIA, and YUDAN ZHENG, Rutgers University--Does Better Corporate Governance Cause Better Firm Performance?

DIANA KNYAZEVA, New York University--Corporate Governance, Analyst Following and Firm Behavior

Discussants: TONI M. WHITED, University of Wisconsin
JEFFREY L. COLES, Arizona State University
JAY C. HARTZELL, University of Texas-Austin.


Jan. 5, 10:15 am
AIES

State of the Indian Economy (Roundtable)

Presiding: TEJ K. KAUL, Western Illinois University

SUHAS KETKAR, Vanderbilt University
VAMAN RAO, Western Illinois University
RAJINDER KOSHAL, Ohio University
SURESH DESAI, Montclair State University


Jan. 5, 10:15 am
CEANA

Re-Examining the Long-Term Growth Prospects of the Chinese Economy (O1)

Presiding: HENRY WAN, Cornell University

HENRY WAN, Cornell University--Consistency Checks in Forecasting Chinese Growth

KAR YIU WONG, University of Washington--Why Is China Growing So Fast? The Role of Efficient Resource Allocation

YING WONG CHEUNG, University of California-Santa Cruz--Renminbi Undervaluation: A Statistical Illusion

WING THYE WOO, University of California-Davis--China's Return to a Crowded World Stage: External Constraints and Internal Barriers

Discussants: QINGLAI MENG, Chinese University of Hong Kong
BEN-CHIEH LIU, Chicago State University
KEVIN H. ZHANG, Illinois State University
HONG HWANG, National Taiwan University and Research Center for Humanities and Social Sciences Academia Sinica


Jan. 5, 10:15 am
CS

Institutions and History: Land, Trade, and Labor Markets

Presiding: WERNER TROESKEN, University of Pittsburgh and NBER

CLIFF BEKAR, Lewis and Clark College, and CLYDE REED, Simon Fraser UniversityDistributional Dynamic in a Stochastic environment with Tradable Assets: Medieval English Land Markets

JOYCE BURNETTE, Wabash CollegeChild Day-Laborers in Agriculture: Evidence from Farm Accounts, 1740-1850

ROBERT K. FLECK and F. ANDREW HANSSEN, Montana State UniversityRulers Ruled by Women: An Economic Analysis of the Rise and Fall of Womens Rights in Ancient Sparta

OSCAR GELDERBLOM, Universitet Utrecht, and REGINA GRAFE, Nuffield College, OxfordTowards a Comparative Analsysis of Commercial Institutions in Pre-modern Europe: The Organization of Merchant Communities in Spain and the Low Countries (1250-1650)

Discussant: WERNER TROESKEN, University of Pittsburgh and NBER
MARISTELLA BOTTICINI, Boston University and University of Torino
J. PETER FERDERER, Macalester College
JOHN MURRAY, University of Toledo


Jan. 5, 10:15 am
ES

The Modern Workplace: Firm Organization, Worker Training and Job Characteristics

Presiding: PETRA TODD, University of Pennsylvania

GERARD PFANN and BEN KRIECHEL, Maastricht University-- Downsizing the Hierarchical Workplace: Evidence on Job Structure and the Earnings Distribution

JULIA LANE, University of Chicago, FREDRIK ANDERSSON, Cornell University, and IBEN BOLVIG, University of Aarhus--Lost Jobs and Health Insurance: An Analysis of the Impact of Employment Volatility on Firm provided Health Insurance Coverage

ELENA PASTORINO, University of Iowa, and MELISSA TARTARI, Yale University--Training in Firms, Learning and Career Mobility: Evidence from Italian Personnel Data

THOMAS FUCHS, University of Munich--Climbing the Ladder: School Organization, Institutions and Efficient Educational Production


Jan. 5, 10:15 am
ES

Volatility and Jumps

Presiding: TORBEN ANDERSEN, Northwestern University

GEORGE TAUCHEN, Duke University, and HAO ZHOU, Federal Reserve Board--Identifying Realized Jumps on Financial Markets

GEORGE J. JIANG, University of Arizona--A New Test for Jumps in Asset Prices

ROBERT F. ENGLE, MAGDALENA E. SOKALSKA, and ANANDA CHANDA, New York University--Forecasting Intraday Volatility in the US Equity Market. Multiplicative Component GARCH

TORBEN G. ANDERSEN, Northwestern University, and LUCA BENZONI, University of Minnesota--The Economic Determinants of Interest Rate Volatility in the U.S. Treasury Market


Jan. 5, 10:15 am
ES

Institutional Dynamics

Presiding: AMRITA DHILLON, University of Warwick

ROGER LAGUNOFF, Georgetown University--Dynamic Stability and Reform of Political Institutions

HONGBIN CAI, Peking University, and FENG HONG, University of California-Los Angeles--A Theory of Organizational Dynamics: Internal Politics and Efficiency

STEPHANE AURAY, University of Lille 3, GREMARS and CIRPEE, THOMAS MARIOTTI, University of Toulouse 1, GREMAQ, IDEI and CEPR, and FABIEN MOIZEAU, University of Toulouse 1 and GREMAQ--Dynamic Regulation of Public Good Quality

AMRITA DHILLON, University of Warwick, and JAMELE RIGOLINI, World Bank--Uncertainty and the Quality of Institutions


Jan. 5, 10:15 am
ES

Dynamic Models in Industrial Organization

Presiding: XAVIER VIVES, INSEAD

XAVIER VIVES, INSEADStrategic Complementarity in Multi-Stage Games

JAMES D. DANA, JR. and YUK-FAI FONG, Northwestern University--Long-Lived Consumers, Intertemporal Bundling, and Tacit Collusion

CHAIM FERSHTMAN and SARIT MARKOVICH, Tel-Aviv University--Patents, Imitation and Licensing In an Asymmetric Dynamic R&D Race

BERNARD LEBRUN, York University--First-Price and Second-Price Auctions with Resale

Discussants: FEDERICO ECHENIQUE, California Institute of Technology
R. PRESTON MCAFEE, California Institute of Technology
JENNIFER REINGANUM, Vanderbilt University
ROD GARRATT, University of California-Santa Barbara


Jan. 5, 10:15 am
ES

Inflation and Monetary Policy

Presiding: NOBUHIRO KIYOTAKI, Federal Reserve Bank of New York and London School of Economics

THOMAS SARGENT, New York University, NOAH WILLIAMS, Princeton University, and TAO ZHA, Federal Reserve Bank of Atlanta--Hyperinflations: Expectations, Escapes, and Regimes

JERZY D. KONIECZNY, Wilfrid Laurier University, and EMMANUEL DHYNE, National Bank of Belgium--Temporal Distribution of Price Changes: Staggering in the Large and Synchronization in the Small

MIKAEL CARLSSON, Swedish Central Bank, and ANDREAS WESTERMARK, Uppsala University--Optimal Discretionary Monetary Policy under Downward Nominal Wage Rigidity

GLENN D. RUDEBUSCH and JOHN C. WILLIAMS, Federal Reserve Bank of San Francisco--Revealing the Secrets of the Temple: The Value of Publishing Interest Rate Projections


Jan. 5, 10:15 am
ES

Retirement and Health

Presiding: JOHN RUST, University of Maryland

HUGO BENTEZ-SILVA, State University of New York-Stony Brook, SELCUK EREN, State University of New York-Stony Brook and Hamilton College, FRANK HEILAND, Florida State University, and SERGI JIMNEZ-MARTN, Universitat Pompeu Fabra--Wealth, Retirement Well-Being, and Realized and Unrealized Capital Gains

MARIACRISTINA DENARDI, Federal Reserve Bank of Chicago and University of Minnesota, ERIC FRENCH, Federal Reserve Bank of Chicago, and JOHN JONES, State University of New York-Albany-- Differential Mortality, Uncertain Medical Expenses, and the Savings of Elderly Singles

HUGO BENITEZ-SILVA, State University of New York-Stony Brook, J. IGNACIO GARCIA-PEREZ, Universidad Pablo de Olavide, and SERGI JIMENEZ-MARTIN, Universitat Pompeu Fabra--Cross Country Comparison of the Effects of Social Security and Employment Uncertainty on the Labor Supply and Search Behavior of Older Workers

DAVID A. LOVE, Williams College, and PAUL A. SMITH, Federal Reserve Board--Cracking Open the Nest Egg: Are Older Households Withdrawing Too Fast from Their DC Plans?


Jan. 5, 10:15 am
EPS

Out How: The Economics of Ending Wars (Roundtable Discussion)

Presiding: JAMES K. GALBRAITH, University of Texas-Austin and Economists for Peace and Security

THOMAS SCHELLING, University of Maryland

MICHAEL INTRILIGATOR, University of California-Los Angeles and Milken Institute

CLARK ABT, Abt Associates

COL. DOUGLAS MACGREGOR, Center for Defense Information, Straus Military Reform Project

LINDA BILMES, Harvard University


Jan. 5, 10;15 am
IAFFE

Economics and Gender: Theory and Practice (B5)

Presiding: ANN MARI MAY, Middlebury College

ANNE BOSCHINI, Stockholm University, and ANNA SJGREN, Research Institute of Industrial Economics--Is Team Formation Gender Neutral? Evidence from Coauthorship

CAROLE GREEN, University of South Florida, ROBIN BARTLETT, Denison University, and MARIANNE FERBER, University of Illinois-Urbana-Champaign--Policy Orientation and the Decision to Major in Economics

JULIE NELSON, Tufts University--Economics for Humans: Conscience, Care and Commerce?

MALIHA SAFRI, University of Massachusetts-Amherst--The Global Household: Remittances, Household Production and Migration

Discussants: ULLA GRAPARD, Colgate University
JUNE LAPIDUS, Roosevelt University


Jan. 5, 10:15 am
IEFS

International Trade and Globalization

Presiding: KAMAL SAGGI, Southern Methodist University

ERIC W. BOND, Vanderbilt University--Dynamics of Trade Agreements (Presidential Address)

ANDRS RODRIGUEZ-CLARE, Pennsylvania State University--Trade, Diffusion and the Benefits of Openness

JULIAN E. NAMINI, University of Duisberg-Essen, and RICARDO A. LOPEZ, Indiana University--Random versus Conscious Selection into Export Markets Theory and Empirical Evidence

JOSHUA AIZENMAN, University of California-Santa Cruz, and YOTHIN JINJARAK, NTU Singapore--Globalization and Developing Countries a Shrinking Tax Base?

Discussants: ANDRS RODRIGUEZ-CLARE, Pennsylvania State University
JOSH EDERINGTON, University of Kentucky
JIM TYBOUT, Pennsylvania State University
DEVASHISH MITRA, Syracuse University


Jan. 5, 10:15 am
INEM

Plural Agency and Plural Subjects within Economics

Presiding: MARK D. WHITE, College of Staten Island, City University of New York

JOHN B. DAVIS, Marquette University and University of AmsterdamConceptions of Plural Selves in Recent Behavioral and Experimental Economics

DON ROSS, University of Alabama-Birmingham and University of Cape TownInstitutionally Fostered Economic Agents versus Team Agents

HANS-BERNHARD SCHMID, University of St. GallenPlural Subjecthood, Rationality, and Methodological Individualism

MARK D. WHITE, College of Staten Island, City University of New YorkKantian Autonomy, Plural Agency, and Conceptions of the Economic Individual


Jan. 5, 10:15 am
LERA

The Dynamics of European National Employment Models: Implications for Conflict
and Cooperation in Employment Relations

Presiding: SAM ROSENBERG, Roosevelt University

GERHARD BOSCH, University of Duisberg-Essen--Changes in the System or Change of System? The National Employment Model of Germany

JILL RUBERY, University of Manchester--The UK National Employment System: A Model for Europe?

MARIA KARAMESSINI, Panteion University of Social and Political Sciences--Is There Still a Distinctive Southern European Model?

DOMINIQUE ANXO, University of Vaxjo--The Swedish Model in Turbulent Times: Decline or Renaissance?

Discussants: PETER BERG, Michigan State University
GREGOR MURRAY, University of Montreal


Jan. 5, 10:15 am
LERA

The Future of Industrial Relations and Labor Market Journals

Presiding: DANIEL J.B. MITCHELL, University of California--Los Angeles

TOVE HAMMER, Cornell University--Industrial and Labor Relations Review

TROND PETERSON, University of California-Berkeley--Industrial Relations: A Journal of Economy and Society

IMMANUEL NESS, Brooklyn College--WorkingUSA

MATTHEW W. FINKIN, University of Illinois-Urbana-Champaign--Comparative Labor Law & Policy Journal

DAVID LEWIN, University of California-Los Angeles--Advances in Industrial and Labor Relations

CHARLES J. WHALEN, Perspectives on Work


Jan. 5, 10:15 am
LERA

Socio-Technical Systems Theory and Practice: The Way to Workplace Democracy
and High Performance

Presiding: ROSEMARY BATT, Cornell University, and Nina Gregg, Communication Resources

PAMELA POSEY, Eyes on Performance--Socio-Technical Systems Theory and Practice: Origins, History, and Challenges

PETER JAY SORENSON, GINKO Enterprises--Socio-Technical Systems Theory and Practice: Origins, History, and Challenges

KEVIN BOYLE, Boyle and Associates--A Union-led STS Redesign: AFSCME and Oregon Health Sciences University Save Union Jobs and Make Money

Discussants: STEPHEN R. SLEIGH, The Yucaipa Companies
BRUCE HAMILTON, Socio-Technical Systems
JOEL CUTCHER-GERSHENFELD, University of Illinois-Urbana-Champaign


Jan. 5, 10:15 am
MEEA

Finance, Growth, and Convergence (O0)

Presiding: SALPIE DJOUNDOURIAN, Lebanese American University

HALUK ERLAT, Middle East Technical University--Time Series Approaches to Testing Income Convergence in MENA Countries

KIVILCIM METIN OZCAN, Bilkent University, Turkey, and YUSUF ZIYA OZCAN, Middle East Technical University, Turkey--Convergence in Measures of the Quality of Life: Evidence for EU Members and a Candidate Country, Turkey

IDA A. MIRZAIE, Ohio State University, and MAGDA KANDIL, International Monetary Fund--The Impact of Capital Inflow to Economic Performance

OYA PINAR ARDI, Bogazici University, Turkey, and H. EVREN DAMAR, Pacific Lutheran University--Financial Sector and Economic Growth: Evidence from Turkey

MAHMOUD AL-IRIANI and FATIMA AL-SHAMSI, United Arab Emirates University--Foreign Direct Investment and Economic Growth in the GCC Countries: An Empirical Investigation Using Heterogeneous Panel Analysis

Discussants: HALA EL-RAMLY, American University in Cairo
ARNO BCKER , European Commission
BASSEM KAMAR, International Monetary Fund
HILMI NATHALIE, University of Nice, France"
A.YASEMIN YALTA, Fordham University


Jan. 5, 10:15 am
NEA

Economic Growth and Development I: East Africa (O1 )

Presiding: ASHAGRE YIGLETU, Southern University

ANDREW MUHAMMAD, Southern University--Market Power and the Pricing of Fish Imports from Uganda

TAMWISIGIRE CALEB, Makerere University, SUNG NO, ANDREW MUHAMMAD, Southern University, and MUGISHA FRED, National University of Rwanda--Determinants of FDI Inflow into Rwanda: 1971-2003

DONALD ANDREWS, Southern University, AUDREY KAHARA-KAWUKE, TAMWISIGIRE CALEB, Makerere University, and ASHAGRE YIGLETU, Southern University--Tourism and Economic Development in East Africa: The Case of Uganda

WARREN BYABASHAIJA and AUDREY KAHARA-KAWUKI, Makerere University--The Effect of Entrepreneurial Education, Social Norms and Situational Factors on Entrepreneurial Attitudes and Intentions of Post-graduate Students in Uganda

Discussants: KEITHLY G. JONES, USDA Economic Research Service
CHRISTOPHER DAVIS, USDA Economic Research Service
RALPH CHRISTY, Cornell University
RICHARD MCCLINE, San Francisco State University


Jan. 5, 10:15 am
NAEFA

Trade, Economic Integration, Labor Market Flexibility and Growth (F1)

Presiding: JAMES A. WILCOX, University of California-Berkeley

VIVEK H. DEHEJIA and YIAGADEESEN SAMY, Carleton University--Labor Standards and Economic Integration in the European Union: An Empirical Analysis

ANIL KUMAR, Federal Reserve Bank of Dallas--Impact of NAFTA on the National and Regional Labor Market in the U.S.: Evidence from Micro Data

KARLA MORGAN, Whitworth College--Trade and Economic Growth: The Role of Trade Policy Instability

Discussants: MEHDI HARIRIAN, Bloomsburg University
KWAN KIM, University of Notre Dame
JOSHUA J. LEWER, West Texas A&M University


Jan. 5, 10:15 am
SED

The Great Depression and Beyond: Lessons for Macroeconomics (E3)

Presiding: GIORGIO PRIMICERI, Northwestern University

HAROLD COLE, University of Pennsylvania, and LEE OHANIAN, University of California-Los Angeles--Who or What Started the Great Depression?

GAUTI EGGERTSSON, Federal Reserve Bank of New York--The New Deal as a Theory of the Optimal Second Best

LAWRENCE CHRISTIANO, Northwestern University--The Zero-Bound, Zero-Inflation Targeting, and Output Collapse

MICHAEL BORDO, Rutgers University, CHRISTOPHER ERCEG, ANDREW LEVIN, Federal Reserve Board, and RYAN MICHAELS, University of Michigan--Three Great American Disinflations


Jan. 5, 10:15 am
SPM

Economic Integration in the Americas

Presiding: DOUGLAS O. WALKER, Regent University

STANLEY J. LAWSON, St. Johns UniversityCaribbean Integration

DOMINICK SALVATORE, Fordham UniversityNAFTA after 10 Years

RAUL MONCARZ, Florida International UniversityCentral American Integration

JOHN R. DOMINGUEZ and RICHARD MCGREGORY, JR., University of WisconsinCuban Kapitalism: Ideology, the Embargo, and the Economic Consequences

Discussants: SARA GORDON, St. Johns University
FRED CAMPANO, Fordham University
PELEGRINO MANFRA, City University of New York


Jan. 5, 10:15 am
SGE

Approaches for Measuring the Cost of Health Care Services

Presiding: JACK TRIPLETT, Brookings Institution

ALLISON ROSEN, University of Michigan, and DAVID CUTLER, Harvard University--Trends in Disease Costs in the U.S.

ANA AIZCORBE and NICOLE NESTORIAK, U.S. Bureau of Economic Analysis--Tracking Changes in Health Care Costs Using Episode-Based Price Indexes: Issues and Estimates

ALAN WHITE and JAISON ABEL, Analysis Group--Use of Claims Data in Constructing Price Indexes for Medical Services

RALPH BRADLEY, U.S. Bureau of Labor Statistics--Can Health Claims Data Improve the Estimation of BLSs Medical CPI?

Discussants: MERRILE SING, Agency for Healthcare Research and Quality
ANNE HALL, Federal Reserve Board


Jan. 5, 10:15 am
TPUG

Regulation of Public Utilities

Presiding: PAUL SOTKIEWICZ, University of Florida

DOUGLAS N. JONES, Ohio State University---Matching Regulatory Arrangements with Public Values in the Provision of Energy and Telecommunications

LEA-RACHEL D. KOSNIK, University of Missouri-St. Louis--The Changing Structure of the Hydroelectric Power Industry

TROY QUAST, Sam Houston State University--Are Elected Regulators More Political Than Appointed Regulators?

JAMES ALLEMAN, University of Colorado, and PAUL RAPPOPORT, Temple University--Optimal Pricing with Sunk Cost and Uncertainty

Discussants: To be announced.


Jan. 5, 10:15 am
URPE

Microfoundations of Radical Economics (B2)

Presiding: BARKLEY ROSSER, James Madison University

GILBERT L. SKILLMAN, Wesleyan UniversityWorker Bargaining Power and the Business Cycle: Wage Dynamics in an Economy with Matching and Sequential Bargaining

ROBERTO VENEZIANI, Queens Mary University, LondonMicrofoundations and Analytical Marxism

JONATHAN GOLDSTEIN, Bowdoin CollegeMarxian Microfoundations: Contribution or Detour?

PETER SKOTT, University of Massachusetts-AmherstPower-Biased Technical Change and the Rise in Earnings Inequality

Discussants: AMITAVA KRISHNA DUTT, University of Notre Dame
BARKLEY ROSSER, James Madison University


Jan. 5, 10:15 am
URPE

Brazil under Lula: Where Is It Headed? (P1)

Presiding: AL CAMPBELL, University of Utah

LEDA PAULANI, University of Sao Paulo, BrazilBrazil as a Platform of International Financial Valorisation: The Role of Lulas Government

PAULO NAKATANI, University of Espirito Santo, BrazilA Critical Assessment of the Economic Policies of the Lulas Government

ROSA MARIA MARQUES, Pontifica Universidade Catolica de Sao Paulo, BrazilLulas Government and Social Policies

RMY HERRERA, MAURICIO SABADINI, and FRANCISCO CINTRA, University of Paris Pntheon-Sorbonne, FranceThe Failures of Reformism: Lulas Brazil (2003-2006), after Mitterands France (1981-1984)

Discussants: AL CAMPBELL, University of Utah
RMY HERRERA, University of Paris, France


Jan. 5, 12:30 pm
AEA/AFA

Joint Luncheon

Presiding: THOMAS SARGENT, New York University

BEN BERNANKE, Federal Reserve Board


Jan. 5, 2:30 pm
AEA

Remembering Milton Friedman

Presiding: THOMAS SARGENT, New York University

GARY BECKER, University of Chicago
ROBERT LUCAS, University of Chicago
THOMAS SARGENT, New York University

 

Jan. 5, 2:30 pm
AAEA

Rural Poverty Revisited: A New Look at Place and Policy (Q1)

Presiding: SUSAN OFFUTT, USDA-Economic Research Service

AMY GLASMEIER, Pennsylvania State University--Poverty Geography: The Historical Image of Poverty in America and Its Role in Shaping National Poverty Policy

MARK D. PARTRIDGE, University of Saskatchewan, and DAN S. RICKMAN, Oklahoma State University--Persistent Rural Poverty and Job Growth

BRUCE WEBER, Oregon State University, JOHN CROMARTIE, ROBERT GIBBS, and ASHOK MISHRA, USDA-Economic Research Service--Poverty Reduction Through Education: Can It Work in Persistently Poor Rural Areas?

Discussant: SHELDON DANZIGER, University of Michigan


Jan 5, 2:30 pm
AEA

Residential Mortgage Economics (G1)

Presiding: YONGHENG DENG, University of Southern California

JINGYANG LI and PAUL THURSTON, Countrywide FinanceLong-Range Dependence in Mortgage Termination

JAMES VICKERY, Federal Reserve Bank of New YorkInterest Rates and Consumer Choice on the Residential Mortgage Market

YONGHENG DENG, University of Southern California, and JOHN M. QUIGLEY, University of California-BerkeleyIrrational Borrowers and the Pricing of Residential Mortgages

Discussants: CHRISTOPHER DOWNING, Rice University
ROBERT VAN ORDER, University of Michigan
WALTER N. TOROUS, University of California-Los Angeles


Jan. 5, 2:30 pm
AEA

Personnel Economics Studies using Personnel Data (M5)

Presiding: EDWARD LAZEAR, Stanford University

ALEX BRYSON and RICHARD FREEMAN, Harvard University and NBERDoing the Right Thing? Does Fair Share Capitalism Improve Firm Performance: Evidence for the UK

ORIANA BANDIERA, London School of Economics, IWAN BARANKAY, University of Exeter, IMRAN RASUL, University College LondonIncentives and Favoritism in the Workplace: Evidence from Personnel Data

FRANCINE LAFONTAINE and JAGADEESH SIVADASAN, University of MichiganLabor Regulations and Establishment-Level Labor Productivity

JOHN HALTIWANGER, University of Maryland, PAUL OYER, and KATHRYN SHAW, Stanford UniversityTalent Sorting and Skill Complementarity among Software Engineers

Discussants: NICK BLOOM, Stanford University
SCOTT SCHAEFER, University of Utah
SCOTT STERN, Northwestern University
ORIANA BANDIERA, London School of Economics


Jan. 5, 2:30 pm
AEA

Behavioral Welfare Economics

Presiding: B. DOUGLAS BERNHEIM, Stanford University

B. DOUGLAS BERNHEIM, Stanford UniversityTitle to be announced

FARUK GUL, and WOLFGANG PESENDORFER, Princeton UniversityTitle to be announced

MATTHEW RABIN, University of California-BerkeleyTitle to be announced

Discussants: DAVID LAIBSON, Harvard University
COLIN CAMERER, California Institute of Technology


Jan. 5, 2:30 pm
AEA

Developments in Dynamic Mechanism Design

Presiding: STEPHEN MORRIS, Princeton University

STEPHEN MORRIS, Princeton University, and DIRK BERGEMANN, Yale UniversityAscending Auctions: Robustness and Uniqueness

ILYA SEGAL, Stanford UniversityIncentives and Communication Costs

PHILIPPE JEHIEL, University College LondonOn Timing Issues in Mechanism Design

Discussants: PRESTON MCAFEE, California Institute of Technology
ERIC MASKIN, Institute for Advanced Studies, Princeton
PAUL MILGROM, Stanford University


Jan. 5, 2:30 pm
AEA

Evaluation and Time Allocations in Teaching Economics

Presiding: BARRY R. CHISWICK, University of Illinois-Chicago

BRUCE WEINBERG, BELTON FLEISHER, and MASANORI HASHIMOTO, Ohio State UniversityStudent Evaluation of Teaching Revisited

CYNTHIA HARTER, Eastern Kentucky University, MICHAEL WATTS, Purdue University, and WILLIAM BECKER, Indiana UniversityTime Allocations and Reward Structures for Academic Economists from 1995-2005: Evidence from Three National Surveys

SAM ALLGOOD and WILLIAM WALSTAD, University of Nebraska-LincolnTime Allocations to Undergraduate and Graduate Teaching in Economics and Other Disciplines

SAM ALLGOOD, University of Nebraska-Lincoln, WILLIAM BOSSHARDT, Florida Atlantic University, WILBERT VAN DER KLAAUW, University of North Carolina-Chapel Hill, and MICHAEL WATTS, Purdue UniversityThe Long-Term Effects of Economics Coursework on College Graduates Behaviors and Outcomes in the Labor Market

Discussants: TISHA L.N. EMERSON, Baylor University
KIMMARIE MCGOLDRICK, University of Richmond
GLEN R. WADDELL, University of Oregon
BARRY R. CHISWICK, University of Illinois-Chicago


Jan. 5, 2:30 pm
AEA

Consumption Inequality: Evidence and Interpretation (D1)

Presiding: RICHARD BLUNDELL, University College London

ORAZIO ATTANASIO, University College London, ERICH BATTISTIN, Universita di Padova, and MARIO PADULA, Universita di SalernoThe Evolution of Consumption and Wage Inequality: Evidence and Implications for Consumption Smoothing

DIRK KRUEGER, Goethe University Frankfurt, and FABRIZIO PERRI, New York UniversityUnderstanding Diverging Trends in U.S. Earnings and Consumption Dispersion: Are the Unlucky Consuming a Lot, or Are the Lucky Consuming Little?

RICHARD BLUNDELL, IAN PRESTON, University College London, and LUIGI PISTAFERRI, Stanford UniversityThe Transmission of Income Inequality into Consumption Inequality

JONATHAN HEATHCOTE, Georgetown University, KJETIL STORESLETTEN, University of Oslo, and GIOVANNI LUCA VIOLANTE, New York UniversityLabor Supply and Consumption with Imperfect Insurance: An Analytical Framework

Discussant: VICTOR RIOS-RULL, Pennsylvania State University


Jan. 5, 2:30 pm
AEA

Habit Persistence and the Macroeconomy (E3)

Presiding: MARTIN URIBE, Duke University

KAREN E. DYNAN, Federal Reserve Board, and ENRICHETTA RAVINA, New York UniversityHabit Persistence: Evidence from Complementary Data Sources

MORTEN RAVN, European University Institute, STEPHANIE SCHMITT-GROHE, and MARTIN URIBE, Duke UniversityPricing to Habits and the Law of One Price

HARALD UHLIG, Humboldt UniversitaetExplaining Asset Prices with Habit Persistence and Wage Rigidities in a DSGE Model

Discussants: JORDI GALI, Universitat Pompeu Fabra and Massachusetts Institute of Technology
CHRIS CARROLL, Johns Hopkins University
FATIH GUVENEN, University of Texas-Austin


Jan. 5, 2:30 pm
AEA

Beliefs in the Utility Function (D1)

Presiding: ANDREW CAPLIN, New York University

MARKUS BRUNNERMEIER, JONATHAN PARKER, and FILIPPOS PAPAKONSTANTINOU, Princeton UniversityThe Planning Fallacy and Deadlines

KFIR ELIAZ and ANDREW SCHOTTER, New York UniversityPaying for Confidence: An Experimental Study of Preferences Over Beliefs

PIERPAOLO BATTIGALLI, Bocconi University, and MARTIN DUFWENBERG, University of ArizonaDynamic Psychological Games


Jan. 5, 2:30 pm
AEA

Empirical Industrial Organization (L2, D8, C1)

Presiding: PATRICK BAJARI, University of Minnesota

QUANG VUONG and ISABELLE PERRIGNE, Pennsylvania State UniversityAuctions with Risk Averse Bidders: A Semiparametric Analysis

VICTOR AGUIRREGABIRIA, Boston UniversityEstimating Dynamic Games

JAMES CHAPMAN, University of Iowa, DAVID MCADAMS, Massachusetts Institute of Technology, and HARRY J. PAARSCH, University of IowaMulti-Unit, Sealed-Bid, Discriminatory-Price Auctions

PATRICK BAJARI, University of Minnesota, JEREMY FOX, University of Chicago, and STEPHEN RYAN, Massachusetts Institute of TechnologyDifferentiated Product Demand Estimation with Rank Data


Jan. 5, 2:30 pm
AEA

The Health of the Young and the Old in the Past and the Present (I1)

Presiding: ROBERT FOGEL, University of Chicago

DORA COSTA, Massachusetts Institute of Technology, LORENS HELMCHEN, University of Illinois-Chicago, and SVEN WILSON, Brigham Young UniversityRace and Older Age Health in the Twentieth Century

FRANK SLOAN, Duke UniversitySurvival and the Changing Role of Chronic Diseases in the Twentieth Century

WILLIAM EVANS and HENG WEI, University of MarylandPostpartum Hospital Stay and the Outcomes of Mothers and Their Newborns

Discussants: JANET CURRIE, Columbia University
TOMAS PHILIPSON, University of Chicago
DAVID MELTZER, University of Chicago


Jan. 5, 2:30 pm
AEA

Getting Ahead: The Determinants of Professional Success

Presiding: RACHEL CROSON, University of Pennsylvania

KRISTIN J. KLEINJANS, University of Aarhus and RANDThe Role of Career Aspirations in Education Choice: Can Gender Differences Explain the Lower Intergenerational Correlations in Education for Girls?

DEBORAH GARVEY, Santa Clara University, MARK HUGO LPEZ, University of Maryland, and MARIE MORA, University of Texas-Pan AmericanThe Earnings of Female Faculty: A Story of Field and Gender?

BRUCE SACERDOTE, Dartmouth College, ALAN DURELL, and HEIDI WILLIAMS, Harvard UniversityDoes Same Gender Mentoring Help?

CHRISTINA HILMER and MICHAEL HILMER, San Diego State UniversityWomen Helping Women, Men Helping Men? Same-Gender Mentoring, Initial Job Placements, and Early Career Research Productivity for Economics Ph.D.s

Discussants: JOSEPH ALTONJI, Yale University
CHARLES C. BROWN, University of Michigan
DONNA GINTHER, University of Kansas
SHULAMIT KAHN, Boston University


Jan. 5, 2:30 pm
AEA

Information Frictions and Aggregate Fluctuations (E3)

Presiding: CHRIS EDMOND, New York University

CHRISTIAN HELLWIG, University of California-Los Angeles, and LAURA VELDKAMP, New York UniversityKnowing What Others Know: Coordination Motives in Information Acquisition

CHRIS EDMOND and LAURA VELDKAMP, New York UniversityIncome Dispersion, Market Efficiency and Business Cycles

VERONICA GUERRIERI and GUIDO LORENZONI, Massachusetts Institute of TechnologyFinancial Development and the Aggregate Effect of News

MANUEL AMADOR, Stanford University, and PIERRE-OLIVIER WEILL, New York UniversityLearning by Matching

Discussants: WILLIAM FUCHS, University of Chicago
JEFFREY CAMPBELL, Federal Reserve Bank of Chicago
RANDALL WRIGHT, University of Pennsylvania
LONES SMITH, University of Michigan


Jan. 5, 2:30 pm
AEA

Emerging Markets Finance in the Global Economy (F3)

Presiding: SIMON JOHNSON, Massachusetts Institute of Technology

FERNANDO BRONER, ALBERTO MARTIN, and JAUME VENTURA, Universitat Pompeu FabraSecondary Markets and Sovereign Risk

LAURA ALFARO and ELIZA HAMMEL, Harvard UniversityCapital Flows and Capital Goods

ANDRE FARIA and PAOLO MAURO, International Monetary FundThe External Financing of Economic Development: Evidence from Two Waves of Financial Globalization

Discussants: PIERRE-OLIVIER GOURINCHAS, University of California-Berkeley
PETER BLAIR HENRY, Stanford University
SIMON JOHNSON, Massachusetts Institute of Technology


Jan. 5, 2:30 pm
AEA

The Political Economy of Institutional Change (P4)

Presiding: SANJAY JAIN, University of Virginia

BENJAMIN JONES, Northwestern University, and BENJAMIN OLKEN, Harvard UniversityChanging Regimes: The Effect of Political Change on Institutions and Economic Performance

EDWARD MIGUEL and GERARD ROLAND, University of California-BerkeleyThe Long Run Impact of Bombing in Vietnam

SUMON MAJUMDAR, Queens University, and SHARUN MUKAND, Tufts UniversityBridging the Divide: On Leadership and Institutional Change

Discussants: ROMAIN WACZIARG, Stanford University
ENRICO SPOLAORE, Tufts University
ALLAN DRAZEN, University of Maryland


Jan. 5, 2:30 pm
AEA

Networked Interactions (C7)

Presiding: LUIS RAYO, University of Chicago

ANTONI CALVO-ARMENGOL, Universitat Autonoma de BarcelonaOn the Network Structure of Communication in Organizations

MATTHEW O. JACKSON and LEEAT YARIV, California Institute of TechnologyThe Spread of Behaviors and Technologies through Social Networks

DOUGLAS GALE, New York University, and SHACHAR KARIV, University of California-BerkeleyFinancial Networks

Discussants: GARANCE GENICOT, Georgetown University
TANYA S. ROSENBLAT, Wesleyan University
ERIC FISHER, Ohio State University


Jan. 5, 2:30 pm
AEA

The Economics of National Security (H5)

Presiding: MARTIN FELDSTEIN, Harvard University

ALAN KRUEGER, Princeton UniversityEconomic Incentives and Foreign Insurgents in Iraq

ROZLYN ENGEL, U.S. Military AcademyThe Effect of Casualties on Lifetime Earnings

STEFANO DELLAVIGNA and ETHAN KAPLAN, University of California-BerkeleyThe Economic and Ideological Determinants of Military Recruiting

PHILIP MARTIN, THIERRY MAYER, University of Paris, and MATHIAS THOENIG, University of GenevaThe Effects of Multilateralism and Regionalism on Military Conflicts

JOHN B. TAYLOR, Stanford UniversityThe Financial Front in the War on Terror


Jan 5, 2:30 pm
AEA

Social Insurance Programs: Good for Workers? Good for the Labor Market? (J6)

Presiding: RAJ CHETTY, University of California-Berkeley and NBER

DAN BLACK, JOSE GALDO, Syracuse University, and JEFF SMITH, University of MichiganEvaluating the Regression Discontinuity Design Using Experimental Data

RAFAEL LALIVE, University of ZurichThe Effects of Extended Benefits on Unemployment Duration and Early Retirement: A Regression Discontinuity Approach

DAVID CARD, RAJ CHETTY, University of California-Berkeley, and ANDREA WEBER, Institute for Advanced Studies, ViennaUnemployment Benefits, Income Effects, and Search Outcomes: Evidence from a Discontinuity in the Austrian Severance Pay System

DAVID AUTOR, Massachusetts Institute of Technology, and MARK DUGGAN, University of MichiganThe Pure Income Effect of Disability Cash Transfers: Evidence from the Veteran Administrations Disability Compensation Program

Discussants: CHRIS BOLLINGER, University of Kentucky
THOMAS LEMIEUX, University of British Columbia
AMY FINKELSTEIN, Massachusetts Institute of Technology
OLIVIER DESCHENES, University of California-Santa Barbara


Jan. 5, 2:30 pm
AEA

The Economics of Self-Discovery: Export Specialization, Productivity and Growth (O1)

Presiding: DANI RODRIK, Harvard University

JASON HWANG, RICARDO HAUSMANN, and DANI RODRIK, Harvard UniversityWhat You Export Matters

RICARDO HAUSMANN and BAILEY KLINGER, Harvard UniversityMonkeying Around: On the Determinants of Structural Transformation of Exports

RICARDO HAUSMANN and DANI RODRIK, Harvard UniversityGood Politics, Good Policies, Low Growth: The Puzzle of South Africa

Discussants: JAMES TYBOUT, Pennsylvania State University
MARC MELITZ, Harvard University
ANDRES RODRIGUEZ-CLARE, Pennsylvania State University


Jan. 5, 2:30 pm
AEA/CEANA

Financial Econometrics

Presiding: DONALD LIEN, University of Texas-San Antonio

TORBEN ANDERSON, Northwestern University, TIM BOLLERSLEV, and XING HUANG, Duke UniversityA Semiparametric Framework for Modeling and Forecasting Jumps and Volatility in Speculative Prices

JIN-CHUAN DUAN and ANDRAS FULOP, University of TorontoEstimating the Structural Credit Risk Model When Equity Prices are Contaminated by Trading Noises

JUSHAN BAI, New York University, CHIHWA KAO, Syracuse University, and SERENA NG, University of MichiganPanel Cointegration with Global Stochastic Trends

RAY CHOU, Institute of Economics, Academia SinicaForecasting Financial Volatilities with a Nonlinear Range-Based Volatility Model

Discussants: ALESSANDRO PALANDRI, Duke University
YONG BAO, University of Texas-San Antonio
JOHN CHAO, University of Maryland
KYOO-IL KIM, Singapore Management University


Jan. 5, 2:30 pm
AEA/ODE

ODE Invited Graduate Student Papers

Presiding: ROBERT S RYCROFT, University of Mary Washington

TIMOTHY F. PAGE, University of New Hampshire--Labor Supply Responses to Government Provided Health Insurance: Evidence from Kidney Transplant Patients

LUISA BLANCO RAYNAL, University of Oklahoma--Is Financial Development Really Beneficial for Latin American Countries?

JUAN CARLOS SUAREZ, University of California-Berkeley, and ZENIDE AVALLANEDA, Federal Reserve BoardJuanitas Money Order: Income Effects on Human Capital Investment in Mexico

HENING LIU, Northern Illinois University--Labor Supply, Self-insurance and Knightian Uncertainty

Discussants: HENING LIU, Northern Illinois University
JUAN CARLOS SUAREZ, University of California-Berkeley
LUISA BLANCO RAYNAL, University of Oklahoma
TIMOTHY F. PAGE, University of New Hampshire


Jan. 5, 2:30 pm
AEA/TPUG

Spatial Modeling, Discrete Choices and the Costs and Benefits of Transportation
Network Improvements

Presiding: KEITH HOFSETH, U.S. Army Corps of Engineers

KENNETH TRAIN, University of California-Berkeley, and WESLEY WILSON, University of OregonTransportation Demand Modeling: Econometric Analysis of RP and SP-off-RP Data

SIMON ANDERSON, University of VirginiaSpatial Modeling of Shipper Choices, Railroad Pricing, Congestion and Equilibrium

BRUCE BLONIGEN, University of OregonInternational Trade and Transportation Networks

JOSEPH COOK, National Economic Research Associates, and CHARLES PLOTT, California Institute of TechnologyCongestion at Locks on Inland Waterways: An Experimental Testbed of a Policy of Tradable Priority

Discussants: TAE OUM, University of British Columbia
KENNETH BOYER, Michigan State University
DAVID HUMMELS, Purdue University


Jan. 5, 2:30 pm
AFA

Behavior of Institutions and Other Investors

Presiding: HARRISON HONG, Princeton University

TAO SHU, University of Texas-AustinDoes Positive-Feedback Trading by Institutions Contribute to Stock Return Momentum?

RASHA ASHRAF and NARAYANAN JAYARAMAN, Georgia Institute of TechnologyInstitutional Investors Trading Behavior in Mergers and Acquisitions

MALCOLM P. BAKER, Harvard Business School, STEFAN NAGEL, Stanford University, and JEFFREY WURGLER, New York UniversityThe Effect of Dividends on Consumption

Discussants: NATALIA PIQUEIRA, University of Houston
KAI LI, University of British Columbia
NICHOLAS SOULELES, University of Pennsylvania

 


Jan. 5, 2:30 pm
AFA

Corporate Bankruptcy and Loan Ratings

Presiding: KARIN THORBURN, Dartmouth College

TOM CHANG and ANTOINETTE SCHOAR, Massachusetts Institute of TechnologyJudge Specific Differences in Chapter 11 and Firm Outcomes

FEDERICO CILIBERTO and CAROLA SCHENONE, University of VirginiaFinancial Decisions, Bankruptcy, and Product-Market Competition in the Airline Industry

AMIR SUFI, University of ChicagoThe Real Effects of Debt Certification: Evidence from the Introduction of Bank Loan Ratings

Discussants: EDITH HOTCHKISS, Boston College
SHERI TICE, Tulane University
MICHAEL ROBERTS, University of Pennsylvania


Jan. 5, 2:30 pm
AFA

Directors, Shareholders, and Other Monitors

Presiding: ANDREW METRICK, University of Pennsylvania

STUART GILLAN, Arizona State University, JAY C. HARTZELL, and LAURA T. STARKS, University of Texas-AustinEvidence on Corporate Governance: The Joint Determination of Board Structures and Charter Provisions

STEVEN N. KAPLAN, University of Chicago, and BERNADETTE A. MINTON, Ohio State UniversityHow Has CEO Turnover Changed? Increasingly Performance Sensitive Boards and Increasingly Uneasy CEOs

I.J. ALEXANDER DYCK, University of Toronto, ADAIR MORSE, University of Michigan-Ann Arbor, and LUIGI ZINGALES, University of ChicagoWho Blows the Whistle on Corporate Fraud?

HENRIK CRONQVIST and RUDIGER FAHLENBRACH, Ohio State UniversityLarge Shareholders and Corporate Policies

Discussants: KOSE JOHN, New York University
BRIAN HALL, Harvard University
SHIVARAM RAJGOPAL, University of Washington
CLIFFORD HOLDERNESS, Boston College


Jan. 5, 2:30 pm
AFA

Theoretical Corporate

Presiding: DENIS GROMB, London Business School

ANDREA L. EISFELDT and ADRIANO A. RAMPINI, Northwestern UniversityLeasing, Ability to Repossess, and Debt Capacity

THIERRY FOUCAULT, HEC Paris, and THOMAS GEHRIG, University of Freiburg, GermanyStock Price Informativeness, Cross-Listings and Investment Decisions

MURRAY CARLSON, University of British Columbia, ENGELBERT J. DOCKNER, University of Vienna, ADLAI J. FISHER, and RON GIAMMARINO, University of British ColumbiaLeaders, Followers, and Risk Dynamics in Industry Equilibrium

Discussants: KENNETH AYOTTE, Columbia University
ITAY GOLDSTEIN, Duke University and University of Pennsylvania
ANTONIO MELLO, University of Wisconsin-Madison


Jan. 5, 2:30 pm
AFA

Hedge Funds: Performance and Persistence

Presiding: CLIFF ASNESS, AQR Capital Management, LLC

WILLIAM FUNG, London Business School, DAVID A. HSIEH, Duke University, NARAYAN Y. NAIK, London Business School, and TARUN RAMADORAI, University of OxfordHedge Funds: Performance, Risk and Capital Formation

ANDREW ANG, MATTHEW RHODES-KROPF, and RUI ZHAO, Columbia UniversityDo Funds-of-Funds Deserve Their Fees-on-Fees?

RAVI JAGANNATHAN, Northwestern University, ALEXEY MALAKHOV, University of North Carolina-Chapel Hill, and DIMITRY NOVIKOV, Goldman Sachs Group, Inc.Do Hot Hands Persist Among Hedge Fund Managers? An Empirical Evaluation

GUILLERMO BAQUERO and MARNO VERBEEK, Erasmus University RotterdamDo Sophisticated Investors Believe in the Law of Small Numbers?

Discussants: TUOMO VUOLTEENAHO, Harvard University and Arrowstreet Capital, LP
PETER MULLER, Morgan Stanley
RANDOLPH COHEN, Harvard Business School
ANTHONY LYNCH, New York University


Jan. 5, 2:30 pm
AREUEA

Commercial Real Estate

Presiding: JEFFREY D. FISHER, Indiana University

DOINA CHICHERNEA, NORM MILLER, University of Cincinnati, JEFF FISHER, Indiana University, and MICHAEL SKLARZ, Fidelity National Information Solutions--A Cross Sectional Analysis of Cap Rates by MSA

DEAN GATZLAFF and CYNTHIA HOLMES, Florida State University---Estimating Transaction-Based Price Indices for Local Commercial Real Estate: An Examination of Alternative Methodologies using Property Tax Data

ANTHONY YEZER and CHAO YUE TIAN, George Washington University--Office Rents and the Monocentric City

YONGPING LIANG, University of Wisconsin, and KERRY VANDELL, University of California-Irvine--The Anatomy of Vacancy Behavior: Implications for the Rental Adjustment Process

Discussants: JIM CLAYTON, Pension Real Estate Association
WAYNE ARCHER, University of Florida
LYNN FISHER, Massachusetts Institute of Technology
THOMAS THIBODEAU, University of Colorado


Jan. 5, 2:30 pm
AREUEA

Mortgage Choice

Presiding: FRANK E. NOTHAFT, Freddie Mac

MARSHA J COURCHANE, ERS Group, PETER M. ZORN, Freddie Mac--Comparisons of Prime and Subprime Mortgages

SHANE M. SHERLUND, ANDREAS LEHNERT, WAYNE PASSMORE, and GILLIAN BURGESS, Federal Reserve Board--Financial Innovation and Household Mortgage Choice

MICHAEL LACOUR-LITTLE, California State University-Fullerton--The Home Purchase Mortgage Preferences of Low-and-Moderate Income Households

YAN CHANG, Freddie Mac--The Product Switch in Refis: Who, When and Why

Discussants: CHRIS RICHARDSON, GMAC Residential
JAN BRUECKNER, University of California-Irvine
JAMES FOLLAIN, Fidelity Hansen
ANDREA HEUSON, University of Miami


Jan. 5, 2:30 pm
ACES

The Decline of Soviet Growth: The Impact of Non-systemic Factors (P2)

Presiding: PAUL GREGORY, University of Houston

MARK HARRISON, University of Warwick, UK--The Soviet Economy: War, Growth, and Dictatorship

GUR OFER, Hebrew University of Jerusalem--Looking Back at the Burden of Defense and Military R&D

MARTIN SPECHLER and DINA SPECHLER, Indiana University--The Burden of Empire on the Soviet Union: New Calculations

CLIFF GADDY, Brookings Institution, and BARRY ICKES, Pennsylvania State University--Addiction and Withdrawal: Resource Rents and the Collapse of the Soviet Economy

Discussants: PAUL GREGORY, University of Houston
VLADIMIR KONTOROVICH, Haverford College


Jan. 5, 2:30 pm
AEDSB

Economic Development Issues of Bangladesh

Presiding: M. KABIR HASSAN, University of New Orleans

SHAH SAEED HASSAN CHOWDHURY, Middle Tennessee State University, M. KABIR HASSAN, University of New Orleans and HUMAYOUN KABIR, University of Rajshahi-- Is There Any Overreaction in the Dhaka Stock Exchange (DSE)

MATIUR RAHMAN, McNeese State University, and MUHAMMAD MUSTAFA, South Carolina State University--Trade and International Migration: Evidence from Bangladesh

TANWEER AKRAM, Moody's Economy.com--The Bangladesh Genocide of 1971

NOOR M. KAMRUL ISLAM, Bloomsburg University--Rising Corruption Within Bangladesh Society: A Threat to Its Fragile Democracy, Social Order, and Economic Progress

A.B.M. NASIR, North Carolina State UniversityWage Differential, Resource Misallocation and Governance Failure: An Economic Analysis of Bangladesh

Discussants: M. KABIR HASSAN, University of New Orleans
MATIUR RAHMAN, McNeese State University
MUHAMMAD MUSTAFA, South Carolina State University
TANWEER AKRAM, Moody's Economy.com
M. FAIZUL ISLAM, Southeastern University
A.B.M. NASIR, North Carolina State University


Jan. 5, 2:30 pm
AFEE

Efficiency, Social Efficiency and Financial Exclusion in Institutionalist Theory (E1)

Presiding: SCOTT FULLWILER, Wartburg College

TOKUTARO SHIBATA, University of Tokyo--On the Concept of Efficiency in Institutional Economics

RYUICHIRO TERAKAWA, University of Tokyo--An Aspect of the Philosophical Foundations of
Commons Institutional Economics

GARY DYMSKI, University of California-Riverside and University of California Center-
Sacramento--The Global Transformation of Core-Banking Markets: A Polanyi/Commons View

KAZUO MARAKOSHI, University of California-Riverside--Justice in Finance: A Methodological
Examination of Financial Exclusion and Social Efficiency

PHILIP ARESTIS, University of Cambridge, UK and ASENA CANER, TOBB-Economics and
Technology University, Turkey--The Channels through which Financial Liberalization
Influences Poverty

Discussant: YNGVE RAMSTAD, University of Rhode Island


Jan. 5, 2:30 pm
AFEE

Local Institutions in the Globalizing Economy (R5)

Presiding: ROBERT SCOTT III, Monmouth University

OLIVIER BRETTE and YVES CHAPPOZ, Universit Jean Moulin Lyon 3, France--The French
Competitiveness Clusters: Toward a New Public Policy for Innovation and Research?

SUE KONZELMANN, Birkbeck College, University of London--The Global Reproduction of National Capitalisms: The Cases of Wal-Mart and IKEA

JULIE H. GALLAWAY, University of Missouri, Rolla--Point-of-Use Water Filtration: An Institutional Approach to Economic Development Public Policy

JOHN WATKINS, Westminster College--Economic Institutions under Disaster Situations: The Case
of Hurricane Katrina

MATTHEW C. WILSON, University of Denver--The Institution of State and Local Public Budgeting
Rules: A Veblenian Critique of Tax and Expenditure Limitations

Discussant: RICHARD V. ADKISSON, New Mexico State University


Jan. 5, 2:30 pm
ASE

Persons, Social Capital, and Sustainability

Presiding: EDWARD O'BOYLE, Louisiana Tech University

ALBINO BARRERA, Providence College--Economic and Social Sustainability in the Information Age: Need Satisfaction and Relative Equality as Necessary Conditions

MARK D. WHITE, College of Staten Island/CUNY--Kantian Autonomy: Reconciling Individualism with Social Sustainability

MICHAEL R. STONE and ANNE P. COBB, Empire State College--A Quiet Revolution: Teachings and Actions on How to Humanize Economics

JOHN F. TOMER, Manhattan College--Intangible Capital and Economic Growth: A Comprehensive and Unifying View

Discussants: DAVID GEORGE, LaSalle University
EDWARD O'BOYLE, Louisiana Tech University


Jan. 5, 2:30 pm
AERE

Taxes, Subsidies, and Controlling Pollution Emissions (Q5)

Presiding: NICHOLAS E. FLORES, University of Colorado-Boulder

MAGI DELMAS, University of California-Santa Barbara, MARIA MONTES, Universitat Pompeu Fabra, and JAY SHIMSHACK, Tufts UniversityMandatory Information Disclosure and Environmental Performance in the Electricity Industry

DONNA RAMIREZ HARRINGTON, University of Guelph, GEORGE DELTAS, and MADHU KHANNA, University of Illinois-Urbana-Champaign--Environmental Subsidies and Social Welfare in a Horizontally Differentiated Market

CAROLYN FISCHER and ALAN FOX, Resources for the Future--Should Emissions Permit Revenues Lower Taxes or Subsidize Output? The Role of Leakage

CHARLES F. MASON, University of Wyoming, STEPHEN POLASKY, University of Minnesota, and NORI TARUI, Columbia University--Cooperation on Climate-Change Mitigation

Discussants: JARED CARBONE, Williams College
STEPHEN SALANT, University of Michigan
DALLAS BURTRAW, Resources for the Future
JASON F. SHOGREN, University of Wyoming


Jan. 5, 2:30 pm
AFE

Microstructure of Hidden Orders

Presiding: INGRID WERNER, Ohio State University

LAURA TUTTLE, University of Kansas--Hidden Orders, Trading Costs and Information.

BURKART MONCH, Goethe University, and ANGELIKA ESSER, DekaBank--The Navigation of an Iceberg: The Optimal Use of Hidden Orders

KUMAR VENKATARAMAN, Southern Methodist University, HANK BESSEMBINDER, University of Utah, and MARIOS PANAYIDES, Yale University--In Search of Liquidity: An Analysis of Order Exposure Strategies in Automated Markets

Discussants: CHRISTINE PARLOUR, University of California-Berkeley.
JEFF HARRIS, University of Delaware
AVANIDHAR SUBRAHMANYAM, University of California-Los Angeles.


Jan. 5, 2:30 pm
AIES

Social Choices and Economic Decision Making (O1, D7, Q2)

Presiding: KUSUM KETKAR, Yeshiva University

AMITRAJEET BATABYAL, Rochester Institute of TechnologyMediator Learning and Dowry Determination in an Arranged Marriage Setting

AMITABH LAHIRY, Madhya Pradesh EducationReservations and Social Justice

JYOTHI KHANNA and MICHAEL JOHNSTON, Colgate UniversityBringing in the Middle Men, Corruption, Tradition and Growth in India

ROBY RAJAN, University of WisconsinIncentive Compatibility and Governance

CHAITRAM TALELE, Columbia State UniversitySupply and Demand for Water

SURESH DESAI, Montclair State UniversityInnovation in Gandhian Economics

SANDWIP DAS, University of California, and MONICA DAS, Skidmore CollegeEconomic Growth an Equitable Distribution

LUIS SAN VICENTE PORTES, Montclair State UniversityTrade and Income Distribution

Discussants: APARAJITA NANDI, Queens College, City University of New York
KANKANA MUKHERJEE, Worcester Polytechnic Institute
SANDWIP DAS, University of California
SYED HYAT, Siena College


Jan. 5, 2:30 pm
CS

Economic History of Labor: New Directions

Presiding: ROBERT MARGO, Boston University and NBER

RAYMOND L. COHN, Illinois State UniversityThe Volume and Composition of European Immigration to the Antebellum United States: An Analysis of the Passenger Lists

JOSEPH FERRIE, Northwestern University, and WERNER TROESKEN, University of PittsburghThe Past as Prologue: The Effects of Early Life Circumstances at the Community and Household Levels on Mid-Life and Late-Life Outcomes

NATHAN GRAWE and JENNY WAHL, Carleton CollegeBlacks, Whites, and Brown: Effects on the Earnings of Men and Their Sons

ANDREW SELTZERFemale Clerical Salaries and the Impact of the Feminization of Clerical Labor Markets on Male Employees: Evidence from English Banking

Discussants: MARIANNE HINDS WANAMAKER, Northwestern University
LOU CAIN, Northwestern University
JACOB VIGDOR, Duke University
ELYCE ROTELLA, Indiana University


Jan. 5, 2:30 pm
ES

The Development and Labor Market Significance of Noncognitive Skills

Presiding: JAMES J. HECKMAN, University of Chicago

CARMIT SEGAL, Harvard University--Misbehavior, Education and Labor Market Outcomes

LEX BORGHANS, BAS TER WEEL, Maastricht University, and JAMES J. HECKMAN, University of Chicago--The Economics of Noncognitive Skills

FLAVIO CUNHA, JAMES J. HECKMAN, and SUSANNE SCHENNACH, University of Chicago--Estimating the Elasticity of Substitution Between Early and Late Investments in the Technology of Cognitive and Noncognitive Skill Formation

SERGIO URZUA, University of Chicago--The Role of Abilities and Schooling Choices in Explaining Racial Labor Market Gaps


Jan. 5, 2:30 pm
ES

International Fluctuations: Cycles and Crises

Presiding: DOIREANN FITZGERALD, University of California-Santa Cruz

DOIREANN FITZGERALD, University of California-Santa Cruz--Trade Costs, Asset Market Frictions and Risk Sharing: A Joint Test

MARIO J. CRUCINI, Vanderbilt University, M. AYHAN KOSE, International Monetary Fund,
and CHRISTOPHER OTROK, University of Virginia--What Are the Driving Forces of International Business Cycles?

ENRIQUE G. MENDOZA, University of Maryland, NBER, and International Monetary Fund, and P. MARCELO OVIEDO, Iowa State University--Fiscal Policy and Macroeconomic Uncertainty in Emerging Markets: The Tale of the Tormented Insurer

BETTY C. DANIEL, State University of New York-Albany--Averting a Fiscal Financial Crisis within the EMU

Discussants: MIKLOS KOREN, Federal Reserve Bank of New York
VIVIAN ZHANWEI YUE, New York University
YAN BAI, Arizona State University
ESPEN R. HENRIKSEN, University of Oslo


Jan. 5, 2:30 pm
ES

Productivity and the Firm

Presiding: THOMAS HOLMES, University of Minnesota

ALI HORTACSU and CHAD SYVERSON, University of Chicago and NBER--Why Is Scale So Important in Vertical Integration?

DANIEL ACKERBERG, University of California-Los Angeles, KEVIN CAVES, Deloitte and Touche, and GARTH FRAZER, University of Toronto--Structural Identification of Production Functions

DENNIS EPPLE, BRETT GORDON, and HOLGER SIEG, Carnegie Mellon University--A Flexible Approach to Estimating Production Functions When Output Prices are Unobserved

SUNGJIN CHO, Hanyang University, and JOHN RUST, University of Maryland--Do Firms Maximize Profits? Suboptimal Replacement Decisions by a Profitable Car Rental Company

Discussants: THOMAS HOLMES, University of Minnesota
AMIL PETRIN, University of Chicago
MARK J. ROBERTS, Pennsylvania State University
ADAM COPELAND, Bureau of Economic Analysis


Jan. 5, 2:30 pm
ES

Information Transmission in Organizations

Presiding: AMIL DASGUPTA, London School of Economics and CEPR

NAVIN KARTIK, University of California-San Diego, MARCO OTTAVIANI, London Business School, and FRANCESCO SQUINTANI, University College London--Credulity, Lies, and Costly Talk

JOHN VAN REENEN, London School of Economics, DARON ACEMOGLU, Massachusetts Institute of Technology, PHILIPPE AGHION, Harvard University, FABRIZIO ZILIBOTTI, Stockholm University, and Claire LeLarge, INSEE--Technology, Information and the Decentralization of the Firm

DANIEL FERREIRA, Universidade Nova de Lisboa, and RAAJ SAH, University of Chicago--Who Gets to the Top: Generalists versus Specialists in Organizations

AMIL DASGUPTA and ANDREA PRAT, London School of Economics and CEPR--Asset Price Dynamics When Traders Care About Reputation


Jan. 5, 2:30 pm
ES

Issues in Multiple Agent Economies

Presiding: XAVIER MATEOS-PLANAS, University of Southampton

XAVIER MATEOS-PLANAS, University of Southampton--Tighter Bankruptcy Rules with Endogenous Credit Limits

DANNY LEUNG, CESAIRE MEH, and YAZ TERAJIMA, Bank of Canada--Firm Life-Cycle Dynamics and Productivity

CARLOS GARRIGA and DON SCHLAGENHAUF, Florida State University--A Theory of Marriage and Divorce

GUSTAVO VENTURA, Pennsylvania State University, and NEZIH GUNER, Universidad Carlos III, and REMZI KAYGUSUZ, Pennsylvania State University--Taxation, Aggregates and the Household

Discussants: YAZ TERAJIMA, Bank of Canada
IRINA A TELYUKOVA, University of Pennsylvania
GUSTAVO VENTURA, Pennsylvania State University
CARLOS GARRIGA, Florida State University


Jan. 5, 2:30 pm
ES

Technology and Business Cycles

Presiding: R. ANTON BRAUN, University of Tokyo

THOMAS LAUBACH, Federal Reserve Board, and JOHN C. WILLIAMS, Federal Reserve Bank of San FranciscoThe Response of Hours to Technology Shocks: Much Ado About Nothing?

DALE HENDERSON, JINILL KIM, and LUCA GUERRIERI, Federal Reserve BoardWhat Happens When MFP Grows Faster in the IT Sector?

YULEI LUO, University of Hong Kong, and ERIC YOUNG, University of VirginiaRational Inattention and Aggregate Fluctuations

R. ANTON BRAUN, University of Tokyo, TOSHIHIRO OKADA, Kwansei Gakuin University, and
NAO SUDOU, Bank of Japan and Boston UniversityU.S. R&D and Japanese Medium Term Cycles

Discussants: AGOSTINO CONSOLO, Bocconi University
FRANCESCO COLUMBA, Bank of Italy
MATTHIAS PAUSTIAN, Bowling Green State University
WILLIAM VAN ZANDWEGHE, Carnegie Mellon University


Jan. 5, 2:30 pm
HERO

Health and Aging: Baby Boomers Becoming Senior Citizens

Presiding: MICHAEL GROSSMAN, City University of New York and NBER

ROBERT KAESTNER, University of Illinois-Chicago and NBERMedicare and Health Behaviors

DHAVAL DAVE, Bentley College and NBER, INAS RASHAD, George State University and NBER, and JASMINA SPASOJEVIC, Metropolitan CollegeThe Effects of Retirement on Physical and Mental Health Outcomes

DANIEL POLSKY, JALPA DOSHI, University of Pennsylvania, WILLARD MANNING, University of Chicago, JOS ESCARCE, University of California-Los Angeles, JEANNETTE ROGOWSKI, University of Medicine and Dentistry of New Jersey, SUSAN PADDOCK, RAND Corporation, and LIYI CEN, University of PennsylvaniaThe Health Effects of Health Insurance for the Near-Elderly Uninsured

Discussants: DONALD KENKEL, Cornell University and NBER
GREGORY COLMAN, Pace University
SEAN NICHOLSON, Cornell University and NBER


Jan. 5, 2:30 pm
HES

Adam Smith as Theologian (B1)

Presiding: JERRY EVENSKY, Syracuse University

PAUL OSLINGTON, University of New South Wales and Princeton Seminary--The Natural Theological Context of Early Political Economy

BRENDAN LONG, Parliament House Canberra and Australian Catholic University--Adam Smith as Theologian

DEIRDRE MCCLOSKEY, University of Illinois-Chicago and Erasmus University of Rotterdam--Adam Smith and a Theological Defense of Capitalism

JEFFREY YOUNG, St. Lawrence University--Ethics and Theology in Adam Smith


Jan. 5, 2:30 pm
IOS

Competition Policy in the U.S. and the EU (L5)

Presiding: LAWRENCE WHITE, New York University

DENNIS CARLTON, U.S. Department of Justice--Competition Policy at the U.S. Department of Justice

LESLIE MARX, Former Chief Economist, Federal Communications Commission--Competition Policy at the U.S. Federal Communications Commission

MICHAEL SALINGER, Federal Trade Commission--Competition Policy at the U.S. Federal Trade Commission

OLIVER STEHMANN, DirectorateGeneral Competition at the European Commission--Competition Policy at the European Commission

Discussant: LAWRENCE WHITE, New York University


Jan. 5, 2:30 pm
LERA

Conflict and Cooperation in Employment Relations with Chinese Characteristics

Presiding: SIMON CLARKE, University of Warwick

GUILAN YU, Jilin University, China--Employment Cooperation in Chinas Creative Industry

HANLING LIU, Guandong Hi-technology Sector, China--Employment Conflict Resolution in Chinas Hi-technology Sector

BRENDA C. SUN, Utah State University--Employment Conflict Resolution in Chinas Strategic Sector

Discussants: SUE FERNIE, London School of Economics
XIANGQUAN ZENG, Remin University


Jan. 5, 2:30 pm
LERA

Healthcare Restructuring: Implications for Union Strategies

Presiding: DEBRA GERARDI, Creighton University

ARIEL AVGAR, Cornell University--Treating Conflict: Alternative Dispute Resolution in the Healthcare Industry

JULIE SADLER, Cornell University--Nurses: Professionals vs. Union Members

AMANDA TATTERSALL, University of Sydney--Success Where Others Fail: Community Unionism in Healthcare, Lessons from Toronto

Discussants: REBECCA GIVAN, Cornell University
DARLENE CLARK, Pennsylvania State University


Jan. 5, 2:30 pm
LERA

The New Arena of Workplace Conflict: Whistleblower Claims: Rights and Remedies

Presiding: WILLIAM CANAK, Middle Tennessee State University, and MARLENE HEYSER, Orange County Transportation Authority

JON ROSEN, Jon Rosen & Associates

PETER BENNETT, The Bennett Law Firm

SARA ADLER, Law Office of Sara Adler

JED L. MARCUS, Bressler, Amery & Ross, PC


Jan. 5, 2:30 pm
MEEA

Poster Session (A1)

Presiding: HASSAN ALY, Ohio State University

SAIF S. AL-SOWAIDI, University of Qatar, and ALI F. DARRAT, Louisiana Tech University--Financial Innovations and the Conduct of Monetary Policy: The Experience of Qatar and the United Arab Emirates

ZINE M. BARKA, University of Tlemcen --A Comparative Assessment of the Budget Transparency

CANER BAKIR, Ko University, Turkey--Central Bank Governance in Turkey: A Comparative Perspective

FATMA DOGRUEL and A.SUUT DOGRUEL, Marmara University--Foreign Debt Dynamics in Middle Income Countries

HALA EL-RAMLY, American University in Cairo--Output Convergence Among Arab Countries

SAZIYE GAZIOGLU, Middle East Technical University, Turkey, and University of Aberdeen--Stock Market Returns in An Emerging Financial Market: Turkish Case Study

HAYKEL HADJ SALEM, FSEG Mahdia and University of Monastir, Tunisia, and DOAA M. SALMAN, October University of Modern Science and Arts, Egypt--The Impact of Policy Volatility in Three Countries of the MENA: Evaluation by a Recursive CGE Model

OZAN HATIPOGLU, Bogazici University, and GULENAY OZBEK, New York University--The Political Economy of the Informal Sector and Income Redistribution

ALI REZA JALILI, New England College--Philosophy, Methodology, and Impact of Taxation under Islamic Jurisprudence

BASSEM KAMAR, International Monetary Fund, and DAMYANA BAKARDZHIEVA, University of Monaco--Banking Sector Reforms to Sustain Growth in the MENA Region

O. MIKHAIL, University of Central Florida--Unlocking the Pharaohs Vault? On the Welfare Implications of a Transparent Egyptian Central Bank

WASSEEM MINA, United Arab Emirates University--What Determines FDI Inflows to the GCC Countries?

NEVINE MOKHTAR EID, Cairo University, Egypt--Financial Integration in Egypt: A Laugh to Keep from Crying

HILMI NATHALIE and ALAIN SAFA, University of Nice, France--The Impact of Foreign Trade on Economic Growth: The Case of Turkey

NAGLA RIZK, American University in Cairo--Competitiveness of the Damietta Furniture Cluster in Egypt

EMAN SELIM, Tanta University, Egypt, and Mutah University, Jordan--Egyptian Exchange Rate Bubbles

JAY SQUALLI and KENNETH WILSON, Zayed University, UAE--How Open Are Arab Markets?

A.YASEMIN YALTA, Fordham University, New York--An Analysis of Capital Flight, Capital Account Liberalization and Investment: The Case of Turkey


Jan. 5, 2:30 pm
NABE

Current Trends and Issues in the American Labor Market

Presiding: CARL R. TANNENBAUM, NABE and LaSalle Bank

CARL R. TANNENBAUM, NABE and LaSalle Bank--NABE Outlook for Economic Activity, Job Creation, Wages, and Productivity Growth

DANIEL G. SULLIVAN, Federal Reserve Bank of Chicago--Decomposition of Trends in Labor Force Participation: How Much Slack Exists in the Job Market?

Speaker to be announced--Compensation Trends: The Relationship Between Wages and Benefits and an Evaluation of the Various Measures Of Income

Speaker to be announced--Comparison of Wages to Productivity Growth: How Will These Variables Evolve over the Coming Year?

Discussants: CARL R. TANNENBAUM, NABE and LaSalle Bank
Other discussants to be announced.


Jan. 5, 2:30 pm
NAFE

Forensic Economics I (K4)

Presiding: ARTHUR A. EUBANK, JR., Eubank Economics, Inc.

KURT V. KRUEGER, John O. Ward & Associates--Personal Consumption of Household Services

THOMAS R. IRELAND, University of Missouri-St. Louis--Valuing Advice, Counsel and Companionship between Parents and Adult Children

EDWARD FOSTER, University of Minnesota--Modeling Past Loss of Health Insurance

Discussants: LAWRENCE M. SPIZMAN, State University of New York-Oswego
ROBERT J. THORNTON, Lehigh University
FRANK SLESNICK, Bellarmine University


Jan. 5, 2:30 pm
NEA

Poverty and Place (D6)

Presiding: WILLIAM SPRIGGS, Howard University

THOMAS D. BOSTON, Georgia Institute of Technology--The Net Social Benefit of Revitalizing Public Housing Projects: A Case Study of Atlanta

RODNEY GREEN, Howard University--People versus Places

HAYDAR KURBAN and GAMINIE MEEPAGALA, Howard University--A Spatial Analysis of Impacts of Katrina on People and Places

WILLIAM RODGERS, Rutgers University--Does Contractionary Monetary Policy Have Differential Geographic Impacts?

LANCE FREEMAN, Columbia University--Spatial Assimilation Among African Americans at the Close of the 20th Century

Discussants: MARY KAY PERKINS, Howard University
JOSEPH J. PERSKY, University of Illinois-Chicago
SAMUEL ROSENBERG, Roosevelt University
WILLIAM SPRIGGS, Howard University


Jan. 5, 2:30 pm
NTA

Current Issues in Corporate and International Taxation (H2)

Presiding: DHAMMIKA DHARMAPALA, University of Connecticut

DHAMMIKA DHARMAPALA, University of Connecticut, and JAMES R. HINES, JR., University of Michigan--Are Tax Havens Well-Governed?

GEORGE CONTOS, Internal Revenue Service, JOSHUA RAUH, and MORTEN SORENSEN, University of Chicago--Taxation and Corporate Financial Policy: Evidence from U.S. Corporate Tax Returns

PETER KATUSCAK, CERGE--The Impact of Personal Income Taxation on Executive Compensation

Discussants: ATIF MIAN, University of Chicago
LAURA KALAMBOKIDIS, University of Minnesota
WILLIAM M. GENTRY, Williams College


Jan. 5, 2:30 pm
NAEFA

Income Distribution (Roundtable) (D3)

Presiding: DOMINICK SALVATORE, Fordham University

WILLIAM BAUMOL, Princeton UniversityOn Entrepreneurship and Education as Means Out of Poverty

JAGDISH BHAGWATI, Columbia University--Globalization and Income Distribution

JAMES W. DEAN, Simon Fraser University and Western Washington University-- Income Distribution and Welfare

JAMES K. GALBRAITH, University of Texas-Austin--Inequality and Globalization: False Leads and Smoking Guns in the Quest to Update Kuznets

JAMES POTERBA, Massachusetts Institute of Technology--Income Distribution and Tax Policy


Jan. 5, 2:30 pm
PSSI

Terrorism, Conflict and Cooperation

Presiding: WALTER ISARD, Cornell University

ALBERTO ABADIE, Harvard University, and SOFIA DERMISI, Roosevelt UniversityThe Financial Impact of Terrorism and the Threat of Terrorism on the Real Estate Market in Chicago

CLAUDE BERREBI, RAND Corporation, and ESTEBAN KLOR, Hebrew UniversityThe Impact of Terrorism on Israeli Voters Preferences

RAUL CARUSO, Catholic University of the Sacred Heart of MilanA Model of Conflict and Conflict Management with Asymmetric Stakes

JOHAN MOYERSOEN, University of Oxford, and MARIEKE HUYSENTRUYT, London School of EconomicsRewarding Diversity for Collective Action

Discussants: MICHAEL INTRILIGATOR, University of California-Los Angeles
RAFAEL REUVENY, Indiana University


Jan. 5, 2:30 pm
SCE

Tutorial on Agent-Based Computational Economics: Theory with Practice (C0)

Presiding: LEIGH TESFATSION, Iowa State University

LEIGH TESFATSION, Iowa State University--Agent-Based Computational Economics: A Constructive Approach to Economic Theory

BLAKE LEBARON, Brandeis University--"Agent-Based Computational Finance: Explaining Empirical Regularities in Financial Markets

JOHN DUFFY, University of Pittsburgh--Parallel Experiments with Real and Computational Agents

JUNJIE SUN, Iowa State University--Agent-Based Test Beds for Market Design


Jan. 5, 2:30 pm
SGE

Issues in the Implementation of Monetary Policy

Presiding: CHARLES JONES, Columbia University

MICHAEL J. FLEMING, Federal Reserve Bank of New York, and MONIKA PIAZZESI, University of Chicago--Monetary Policy Tick-by-Tick

ELLYN BOUKUS, Yale University, and JOSHUA V. ROSENBERG, Federal Reserve Bank of New York--The Information Content of FOMC Minutes

SPENCE HILTON and WARREN B. HRUNG, Federal Reserve Bank of New York--Cumulated Excess Reserves and the Federal Funds Rate

Discussants: PAOLO PASQUARIELLO, University of Michigan
FRANCIS X. DIEBOLD, University of Pennsylvania
LINDA ALLEN, Baruch College, City University of New York


Jan. 5, 2:30 pm
URPE

Microfoundations of Heterodox Macroeconomics (B5)

Presiding: CHARLES WHALEN, Perspectives on Work

INGRID RIMA, Temple UniversityReconstructing the Microeconomic Foundations for Understanding Labor Market

MICHELE NAPLES, The College of New JerseyThe Microfoundations of Keynes Theory of Passive Supply and Labor Demand

TAE-HEE JO, University of Missouri- Kansas CityMicrofoundations of Effective Demand

AMITAVA KRISHNA DUTT, University of Notre DameIs There a Place for Microfoundations in Heterodox Macroeconomics?

Discussants: PETER DORMAN, Evergreen College
GILBERT L. SKILLMAN, Wesleyan University


Jan. 5, 2:30 pm
URPE/IAFFE

Gender and HIV/AIDS: Sexuality, Health, Education and Economic
Development (I1)

Presiding: LAURIE NISONOFF, Hampshire College

YAVUZ YASAR, University of DenverGendered Epidemic and De-Gendered Development: HIV/AIDS, Economic Development, and Sexuality in Cambodia

ESTHER REDMOUNT and MEGAN MCCALLISTER, Colorado CollegeAIDS and the Education of Girls in Swaziland with Particular Attention to Orphanages

MONICA DAS, Delhi University, India, and YAKUB QURAISHI, Secretary, Government of IndiaSexuality and Scourge of the Syndrome- An Indian Contact

CONSOLATA KABONESA, Makere University, UgandaHealth Sector Reforms, Gender Relations and HIV/AIDS in Hoima District

Discussants: CHERYL DOSS, Yale University
CECILIA CONRAD, Pomona College


Jan. 5, 4:45 pm
AEA

Richard T. Ely Lecture

Presiding: THOMAS SARGENT, New York University

LARS HANSEN, University of Chicago


Jan. 5, 7:00 pm
AAEA

T.W. Schultz Memorial Dinner & Keynote Address

Presiding: ROBERT EVENSON, Yale University, and WALLACE HUFFMAN, Iowa State University

JAMES HECKMAN, University of Chicago


Saturday, January 6, 2007

Jan. 6, 7:45 am
ASE

Presidential Breakfast

Presiding: JOHN P. TIEMSTRA, Calvin College

DEBORAH M. FIGART, Richard Stockton College of New JerseySocial Responsibility and Living Standards


Jan. 6, 8:00 am
AAEA

Preserving Rural Land (Q1)

Presiding: PETER BERCK, University of California-Berkeley

ELENA G. IRWIN, Ohio State University--Measuring Sprawl and Exurban Development: Now You See It, Now You Dont

JACQUELINE GEOGHEGAN, Clark University--Are Farmland Preservation Program Easement Restrictions Capitalized into Farmland Prices? What Can a Propensity Score Matching Analysis Tell us?

PETER BERCK, University of California-Berkeley, and DAVID NEWBURN, Texas A&M University--The Effects of Rural Residential and Suburban Development on Rural Land Values

Discussant: KATHLEEN P. BELL, University of Maine


Jan. 6, 8:00 am
AEA

The Governance of Central Banks: Advances and Challenges

Presiding: FRANKLIN ALLEN, University of Pennsylvania

LARS FRISELL, KASPER ROSZBACH, Sveriges Riksbank, and GIANCARLO SPAGNOLO, Stockholm School o EconomicsGoverning the Governors: A Clinical Study of Central Banks

HAMID MEHRAN, Federal Reserve Bank of New York and ANJAN THAKOR, Washington University-St. LouisTitle to be announced

RENE ADAMS, University of QueenslandThe Value of Federal Reserve Bank Directorships

Discussants: FRANKLIN ALLEN, University of Pennsylvania
LUIGI ZINGALES, University of Chicago


Jan. 6, 8:00 am
AEA

Medical Innovation and the Social Value of Health Progress

Presiding: To be announced.

TOMAS PHILIPSON and ANUPAM JENA, University of ChicagoInnovator Appropriate and the Social Value of Medical Innovation

KEVIN M. MURPHY and ROBERT H. TOPEL, University of ChicagoSocial Value and the Speed of Innovation

FRANK R. LICHTENBERG, Columbia UniversityThe Impact of New Drugs on U.S. Longevity and Medical Expenditure, 1990-2003

Discussants: To be announced.


Jan. 6, 8:00 am
AEA

Financial Security in Retirement: How Will Baby Boomers Fare? (D9)

Presiding: OLIVIA MITCHELL, University of Pennsylvania

MICHAEL HURD and SUSANN ROHWEDDER, RANDFinancial Security in Retirement in Face of Rising Health Care Costs

AXEL BOERSCH-SUPAN, Mannheim Research Institute for the Economics of AgingTransitioning to Individual Accounts: Consequences for Baby Boomers Savings

ANNAMARIA LUSARDI, Dartmouth College, and OLIVIA MITCHELL, University of PennsylvaniaExplaining Wealth Holdings Across Cohorts: The Role of Planning Costs and Financial Education

IRINA GRAFOVA, University of Medicine & Dentistry of New JerseyYour Money or Your Life: Managing Health, Managing Money

Discussants: LUIGI GUISO, University of Rome-Tor Vergata
NICOLA FUCHS-SCHUENDEIN, Harvard University


Jan. 6, 8:00 am
AEA

Behavioral Contracting

Presiding: ANJAN THAKOR, Washington University-St. Louis

FENGHUA SONG and ANJAN THAKOR, Washington University-St. LouisIncentive Contracting with Psychological Ownership and Objective Ownership

LINDA KAMAS, Santa Clara University, and ANNE PRESTON, Haverford CollegeOn Measuring Compassion in Social Preferences: Do Gender, Price of Giving, or Inequality Matter?

NACI MOCAN, University of Colorado-Denver and NBERVengeance

ANAND GOEL, DePaul University, and ANJAN THAKOR, Washington University-St. LouisOptimal Contracts When Agents Envy Each Other


Jan. 6, 8:00 am
AEA

Peer Effects and Social Interactions (Z1)

Presiding: MICHAEL KEANE, Yale University

JENNIFER FOSTER, University of South AustraliaDo Students Want to Succeed? Peer Group Choice, Social Influence and Undergraduate Performance

GUSTAVO BOBONIS, University of Toronto, and FREDERICO FINAN, University of California-BerkeleyEndogenous Peer Effects in School Participation

JASON FLETCHER, University of Wisconsin-MadisonEvaluating Economic and Social Interventions That Increase College Enrollment: Academic Standards, Social Status and the Quest for Identity

XIAODONG LIU, JOHN KAGEL, and LUNG-FEI LEE, Ohio State UniversityDynamic Discrete Choice Models with Lagged Social Interactions, with an Application to the Estimation of Limit Pricing Games in Lab Experiments

Discussant: To be announced.


Jan. 6, 8:00 am
AEA

Understanding the Gender Gap in Wages

Presiding: FRANCINE BLAU, Cornell University

JULIE L. HOTCHKISS, Federal Reserve Bank of Atlanta and Georgia State University, and M. MELINDA PITTS, Federal Reserve Bank of AtlantaThe Role of Labor Market Intermittency in Explaining Gender Wage Differentials

QUINN MOORE, Mathematica Policy Research, and HEIDI SHIERHOLZ, University of TorontoA Cohort Analysis of the Gender Wage Gap

ALICIA SASSER, Federal Reserve Bank of BostonThe Impact of Managed Care on the Gender Earnings Gap Among Physicians

JESSICA WOLPAW REYES, Amherst CollegeDiscrimination and Equilibrium in the Market for Obstetricians and Gynecologists

Discussants: BARRY HIRSCH, Trinity University
LAWRENCE KAHN, Cornell University
JUDY HELLERSTEIN, University of Maryland
KENNETH TROSKE, University of Kentucky


Jan. 6, 8:00 am
AEA

Monetary Policy and the Term Structure of Interest Rates

Presiding: ORESTE TRISTANI, European Central Bank

SHARON KOZICKI, Bank of Canada, and PETER A. TINSLEY, George Washington UniversityTerm Structure Transmission of Monetary Policy

MONIKA PIAZZESI, University of Chicago, and MARTIN SCHNEIDER, New York UniversityBond Supply, Expectations, and the Yield Curve

GLENN D. RUDEBUSCH, Federal Reserve Bank of San Francisco, BRIAN SACK, Macroeconomic Advisers, and ERIC T. SWANSON, Federal Reserve Bank of San FranciscoMacroeconomic Implications of Changes in the Term Premium

PETER HOERDAHL and ORESTE TRISTANI, European Central BankImperfect Policy Credibility, Term Premia and Expectations Puzzles

Discussants: FRANK SMETS, European Central Bank
MIKHAIL CHERNOV, Columbia Business School
JESSICA WACHTER, University of Pennsylvania
JUHA SEPPALA, University of Illinois-Urbana-Champaign


Jan. 6, 8:00 am
AEA

Decision Theory: New Methods, New Insights (D1)

Presiding: PAUL GLIMCHER, New York University

PAUL W. GLIMCHER, KENWAY LOUIE, and JOSEPH KABLE, New York UniversityMeasuring Discounted Value Using Brain Imaging

ANDREW CAPLIN, MARK DEAN, ERIC DEWITT, and ROBB RUTLEDGE, New York UniversityDopamine and Choice

DOUGLAS GALE, New York University, RAYMON FISMAN, Columbia University, and SHACHAR KARIV, University of California-BerkeleyRecovering Preferences from Choices in the Laboratory


Jan. 6, 8:00 am
AEA

Financial Frictions and Aggregate Fluctuations (E4)

Presiding: LAWRENCE CHRISTIANO, Northwestern University

LAWRENCE CHRISTIANO, Northwestern University, ROBERTO MOTTO, and MASSIMO ROSTAGNO, European Central BankFinancial Factors in Business Cycles

SIMON GILCHRIST and JAE SIM, Boston UniversityInvestment during the Korean Financial Crisis: The Role of Foreign-Denominated Debt

ANDREW LEVIN, FABIO NATALUCCI, and EGON ZAKRAJSEK, Federal Reserve BoardFirm-Level Evidence on the Cyclical Behavior of Credit Market Frictions

FIORELLA DE FIORE, European Central Bank, and HARALD UHLIG, Humboldt UniversityBank Finance vs Bond Finance: Implications for Monetary Policy


Jan. 6, 8:00 am
AEA

Durable Goods (D1)

Presiding: CHRISTOPHER HOUSE, University of Michigan

CHRISTOPHER HOUSE and EMRE OZDENOREN, University of MichiganDurable Goods and Conformity

LONES SMITH, University of MichiganA Model of Exchange Where Beauty is in the Eye of the Beholder

IGAL HENDEL, Northwestern University, ALESSANDRO LIZZERI, New York University, and AVIV NEVO, Northwestern UniversityNon-linear Pricing of Storable Goods

ENNIO STACCHETTI, New York University, and DMITRIY STOLYAROV, University of MichiganObsolescence of Durable Goods and Optimal Consumption

Discussants: To be announced.


Jan. 6, 8:00 am
AEA

R&D and Business Cycles (E3)

Presiding: GADI BARLEVY, Federal Reserve Bank of Chicago

MICHELLE ALEXOPOLOUS, University of TorontoRead All About It!! What Happens Following a Technology Shock

DIEGO COMIN, New York UniversityInternational Medium Term Business Cycles

PATRICK FRANCOIS, University of British Columbia, and HUW LLOYD-ELLIS, Queens UniversityPro-cyclical R&D and Schumpeterian Cycles

GADI BARLEVY, Federal Reserve Bank of ChicagoOn the Cyclicality of Research and Development


Jan. 6, 8:00 am
AEA

Interactive Workshops on Teaching Economics (A2)

Presiding: MICHAEL K. SALEMI, University of North Carolina-Chapel Hill

JILL L. CAVIGLIA-HARRIS, Salisbury UniversityCooperative Learning and the Essay Exam

ROBERT REBELEIN, Vassar College, and NICOLE B. SIMPSON, Colgate UniversityA Classroom Experiment on Exchange Rate Determination

THOMAS A. CREAHAN, Morehead State UniversityNew Insights from In-Class Experiments: Using Excel to Post and Analyze Results on the Spot

Discussants: GAIL HAFER, St. Louis Community College-Meramec
PAVEL KAPINOS, Carleton College


Jan. 6, 8:00 am
AEA

Global Current Account Imbalances and Their Adjustment Mechanism (F3)

Presiding: LORENZO BINI SMAGHI, European Central Bank

PIERRE-OLIVIER GOURINCHAS, CARLOS FELIPE LOPEZ, University of California-Berkeley, and HELENE REY, Princeton UniversityWorld Bankers: External Adjustment in the U.S. and the UK

JAUME VENTURA and FERNANDO BRONER, Universitat Pompeu FabraRethinking the Effects of Financial Liberalization in Emerging Markets

PHILIP LANE, Trinity College Dublin, and GIAN-MARIA MILESI-FERRETTI, International Monetary FundEurope and Global Imbalances

MATTHIEU BUSSIERE, MARCEL FRATZSCHER, European Central Bank, and GERNOT MUELLER, Frankfurt UniversityOn the Adjustment Process to Long-Run Equilibria of Current Account Positions

Discussants: OLIVIER BLANCHARD, Massachusetts Institute of Technology
RICARDO CABALLERO, Massachusetts Institute of Technology
MENZIE CHINN, University of Wisconsin-Madison
PAOLO PESENTI, Federal Reserve Bank of New York


Jan. 6, 8:00 am
AEA

Intrafamily Allocation (D1)

Presiding: JUSTIN WOLFERS, University of Pennsylvania

MARTIN BROWNING and METTE GERTZ, University of CopenhagenSpending Time and Money within the Household

STEVEN HAIDER, Michigan State University, and KATHLEEN MCGARRY, University of California-Los Angeles, and NBERReliance on Family Support: Differences across the Income Distribution

LILIANA PEZZIN, Medical College of Wisconsin, ROBERT POLLAK, Washington University-St. Louis and NBER, and BARBARA SCHONE, Agency for Healthcare Research and QualityEfficiency in Family Bargaining: Living Arrangements and Caregiving Decisions of Adult Children and Disabled Parents

Discussants: NANCY FOLBRE, University of Massachusetts-Amherst
SHELLY LUNDBERG, University of Washington
BETSEY STEVENSON, University of Pennsylvania
ROBERT WILLIS, University of Michigan


Jan. 6, 8:00 am
AEA

Violence and Wars (D7)

Presiding: FALI HUANG, Singapore Management University

ALEXIA BRUNET, Northwestern UniversityShow Me the Money: Pork Barrel Politics and Homeland Security Grant Allocations

ANIRUDDHA MITRA and SUSAN JELLISSEN, University of Illinois-Urbana-ChampaignManipulating Discontent: A Simple Model of Suicide Terrorism

CATHERINE DE FONTENAY, University of MelbourneCrime against Globalization

FALI HUANG, Singapore Management UniversityThe Coevolution of Economic and Political Development


Jan. 6, 8:00 am
AEA

Experiments on Social Interaction

Presiding: DOROTHEA HERREINER, Loyola Marymount University

MICHAEL BRADY, BRIAN ROE, and STEVEN WU, Ohio State UniversitySocial Preference Aggregation in Groups

ANDREW HEALY, Loyola Marymount UniversityHow Do People Learn by Listening to Others? Experimental Evidence from Thailand

LEEAT YARIV and JACOB GOEREE, California Institute of TechnologyAn Experimental Study of Deliberative Voting

DOROTHEA HERREINER, Loyola Marymount UniversityThe Relevance of Envy Freeness as Fairness Criterion


Jan. 6, 8:00 am
AEA

Improving Child Outcomes: What Works and What Doesnt

Presiding: JANET CURRIE, Columbia University

RAJASHRI CHAKRABARTI, Harvard UniversityThe Intended and Unintended Consequences of the No Child Left Behind

DAVID FRISVOLD, University of MichiganHead Start Participation and Childhood Obesity

LUIS LOCAY, TRACY REGAN, University of Miami, and ARTHUR M. DIAMOND, University of Nebraska-OmahaThe Effects of Spanish-Language Background on Schooling and Achievement

PATRICK EMERSON, University of ColoradoIs Child Labor Harmful? The Impact of Working Earlier in Life on Adult Earnings

Discussants: JENS LUDWIG, Georgetown University
JULIE B. CULLEN, University of California-San Diego
AIMEE CHIN, University of Houston
MARIGEE BACOLOD, University of California-Irvine (tentative)


Jan. 6, 8:00 am
AEA

Education and Democracy (O1)

Presiding: SIMON JOHNSON, Massachusetts Institute of Technology

EDWARD GLAESER, GIACOMO PONZETTO, and ANDREI SHLEIFER, Harvard UniversityWhy Does Democracy Need Education?

ANTONIO SPILIMBERGO, International Monetary FundForeign Education and Democracy

DARON ACEMOGLU and SIMON JOHNSON, Massachusetts Institute of TechnologyEducation and Institutions

Discussants: CHRISTOPHER M. MEISSNER, University of Cambridge, UK
TIMOTHY BESLEY, London School of Economics
TORSTEN PERSSON, Institute for International Economic Studies, Sweden


Jan. 6, 8:00 am
AEA

Social Interactions and Economic Behavior (H0)

Presiding: JEFFREY BROWN, University of Illinois-Urbana-Champaign

JEFFREY BROWN, ZORAN IVKOVICH, University of Illinois-Urbana-Champaign, PAUL SMITH, Federal Reserve Board, and SCOTT WEISBENNER, University of Illinois-Urbana-Champaign and NBERNeighbors Matter: Community Effects and Stock Market Participation

KATIE CARMAN, Tilburg University, The NetherlandsSocial Influences and the Private Provision of Public Goods: Evidence from Charitable Contributions in the Workplace

ARIE KAPTEYN, RAND and Tilburg University, The Netherlands, PETER KOOREMAN, University of Groningen, PETER KUHN, University of California-Santa Barbara, and ADRIAAN SOETEVENT, University of AmsterdamMeasuring Social Interactions: Results from the Dutch Post Code Lottery

Discussants: TOBIAS MOSKOWITZ, University of Chicago
KARL SCHOLZ, University of Wisconsin-Madison
BRUCE SACERDOTE, Dartmouth College


Jan. 6, 8:00 am
AEA/CES

Chinas Public Finance and Institutional Changes (H0)

Presiding: YINGYI QIAN, University of California-Berkeley

DANIEL W. BROMLEY, University of Wisconsin, and YANG YAO, Peking University-- Modeling Institutional Change: China since 1978

LIXING LI, University of MarylandRewarding and Bargaining: The Political Economy of Chinas Local Administrative Changes

RENFU LUO, JIKUN HUANG, LINXIU ZHANG, Chinese Academy of Sciences, and SCOTT ROZELLE, University of California-Davis and Giannini Foundation--Elections, Fiscal Reform and Public Goods Provision in Rural China

YI YAO, Cornell University, and XIAOBO ZHANG, International Food Policy Research Institute--Fiscal Decentralization, Regional Competition, and Economic Performance: Evidence from County-Level Data in China

Discussants: SCOTT ROZELLE, University of California-Davis and Giannini Foundation
XIAOBO ZHANG, International Food Policy Research Institute
INXIU ZHANG, Chinese Academy of Sciences
YANG YAO, Peking University


Jan. 6, 8:00 am
AEA/KAEA

North Korean Economy at a Crossroads (P2)

Presiding: JAMES LISTER, Korea Economic Institute of America

THOMAS PARK, Wayne State UniversityThe North Korean Famine and Humanitarian Assistance

BERNHARD SELIGER, Hanns Seidel Foundation KoreaNorth Korean Monetary and Exchange Rate Policies: Is There a Way Out of Hyperinflation?

JOACHIM AHRENS, European Business SchoolNorth Korea: From Failing Towards Reforming State: A Governance Perspective

SEMOON CHANG, University of South AlabamaU.S. Economic Sanctions on North Korea

Discussants: JUDITH THORNTON, University of Washington
ELLIOTT PARKER, University of Nevada-Reno
SUK KIM, University of Detroit Mercy
THOMAS PARK, Wayne State University


Jan. 6, 8:00 am
AFA

Exploring Asset Pricing Anomalies

Presiding: JONATHAN LEWELLEN, Dartmouth College

LUBOS PASTOR and PIETRO VERONESI, University of ChicagoTechnological Revolutions and Stock Prices

TONI M. WHITED, University of Wisconsin-Madison, and LU ZHANG, University of RochesterTesting the Q-Theory of Anomalies

WALTER N. TOROUS, ROSSEN I. VALKANOV, and ALBERTO PIAZZI, University of VeronaExpected Returns and the Expected Growth in Rents of Commercial Real Estate

Discussants: LEONID KOGAN, Massachusetts Institute of Technology
SYDNEY LUDVIGSON, New York University
MARKUS BRUNNERMEIER, Princeton University


Jan. 6, 8:00 am
AFA

Portfolio Choice

Presiding: DIMITRI VAYANOS, London School of Economics

PAUL WILLEN, Federal Reserve Board, and FELIX KUBLER, University of MannheimCollateralized Borrowing and Life-Cycle Portfolio Choice

OTTO VAN HEMERT, New York UniversityLife-Cycle Housing and Portfolio Choice with Bond Markets

JULES H. VAN BINSBERGEN, MICHAEL W. BRANDT, Duke University, and RALPH S.J. KOIJEN, Tilburg UniversityOptimal Decentralized Investment Management

Discussants: HANNO LUSTIG, University of California-Los Angeles
FRANCISCO GOMES, London Business School
PHILIP DYBVIG, Washington University-St. Louis


Jan. 6, 8:00 am
AFA

The Dynamics of International Equity Markets

Presiding: ANDREW KAROLYI, Ohio State University

ESTHER EILING, Tilburg University, and BRUNO GERARD, Norwegian School of ManagementDispersion, Equity Returns Correlations and Market Integration

SOHNKE M. BARTRAM, STEPHEN J. TAYLOR, and YAW-HUEI WANG, Lancaster UniversityThe Euro and European Financial Market Dependence

GEERT BEKAERT, ROBERT J. HODRICK, Columbia University, and XIAOYAN ZHANG, Cornell UniversityInternational Stock Return Co-movements

Discussants: FRANCESCA CARRIERI, McGill University
FRANS DE ROON, Tilburg University
CHEOL EUN, Georgia Institute of Technology


Jan. 6, 8:00 am
AFA

Capital Structure

Presiding: MICHAEL ROBERTS, University of Pennsylvania

XIN CHANG, University of Melbourne, and SUDIPTO DASGUPTA, Hong Kong University of Science & TechnologyDo Firms Have Debt Ratio Targets? A Reevaluation of the Evidence

VAHAP B. UYSAL, University of OklahomaDeviation from the Target Capital Struture and Acquisition Choices

MURRAY CARLSON and ALI LAZRAK, University of British ColumbiaLeverage Choice and Credit Spread Dynamics When Managers Risk Shift

Discussants: MICHAEL LEMMON, University of Utah
MARK LEARY, Duke University
ILYA STREBULAEV, Stanford University


Jan. 6, 8:00 am
AFA

M&A

Presiding: STEVEN KAPLAN, University of Chicago

ULRIKE MALMENDIER, Stanford University, and ENRICO MORETTI, University of California-BerkeleyWinning by Losing: Evidence on Overbidding in Mergers

DARREN J. KISGEN, JUN QIAN, Boston College, and WEIHONG SONG, University of CincinnatiAre Fairness Opinions Fair? The Case of Mergers and Acquisitions

ERIK DEVOS, Ohio University, PALANI-RAJAN KADAPAKKAM, University of Texas-San Antonio, and SRINIVASAN KRISHNAMURTHY, State University of New York-BinghamtonHow Do Mergers Create Value? A Comparison of Taxes, Market Power and Efficiency Improvements as Explanations for Synergies

JINGHUA YAN, University of PennsylvaniaPrisoners Dilemma: Theory and Evidence of Horizontal Mergers

Discussants: MICHAEL WEISBACH, University of Illinois-Urbana-Champaign
MATTHEW RHODES-KROPF, Columbia University
ERIK STAFFORD, Harvard University
C. EDWARD FEE, Michigan State University


Jan. 8, 8:00 am
AREUEA

REIT Finance

Presiding: TIMOTHY J. RIDDIOUGH, University of Wisconsin-Madison

WALTER I. BOUDRY, JARL G. KALLBERG, and CROCKER H. LIU, Arizona State University--Analysts and Underwriter Choice

JING DAI, SEOW-ENG ONG, National University of Singapore, and ANDREW C. SPIELER, Hofstra University--Cash Flow Volatility and Dividend Policy for U.S. REITs

HONGHUI CHEN, University of Central Florida, DAVID H. DOWNS, Virginia Commonwealth University, and GARY A. PATTERSON, University of South Florida--The Short Interest Market for Publicly Traded Real Estate

ERIK LAM and DOGAN TIRTIROGLU, University of Cambridge--A New Era: Real Estate Industry in the S&P500 Indices

Discussants: JAMES SHILLING, University of Wisconsin
ZHONGHUA WU, Florida International University
KO WANG, Baruch College, CUNY
JOSEPH PAGLIARI, Northwestern University


Jan. 6, 8:00 am
AREUEA

Housing and Household Wealth

Presiding: KAREN M. PENCE, Federal Reserve Board

YAN Y. LEE, Federal Deposit Insurance Corporation--Does Homeownership Decrease Crime? Evidence from the City of Los Angeles, 1983-2000

JONATHAN D. FISHER and ELLIOT D. WILLIAMS, Bureau of Labor Statistics--Home Maintenance and Investment Decisions

JOSEPH BENNETT NICHOLS, Federal Reserve Board--How Do Local Housing Market Cycles Affect Long-Term Wealth Accumulation?

GARY V. ENGELHARDT, Syracuse University--Social Security and Elderly Homeownership: Evidence from the Social Security Notch

Discussants: ROBERT AVERY, Federal Reserve Board
THOMAS DAVIDOFF, University of California-Berkeley
ERIK HURST, University of Chicago
LEORA FRIEDBERG, University of Virginia


Jan. 6, 8:00 am
AREUEA

Local Policy Impacts on Property Markets

Presiding: WAYNE R. ARCHER, University of Florida

HENRY J. MUNNEKE, and A. MONIQUE PARKES, University of Georgia--An Evaluation of Economic Development Programs and Their Impact on Residential House Prices

DOUGLAS SIMPSON NOONAN, Georgia Institute of Technology, and BRETT M. BADEN, Tufts University--Single-family vs. Multi-family: The Effect of Impact Fees Upon Construction Type

CAROLYN DEHRING, University of Georgia, CRAIG DEPKEN, and MICHAEL WARD, University of Texas-Arlington--The Impact of Stadium Announcements on Residential Property Values: Evidence from a Natural Experiment in Dallas-Fort Worth

LEAH BROOKS, McGill University--Unveiling Hidden Districts: Describing and Assessing the Adoption Patterns of Business Improvement Districts in California

Discussants: DONALD HAURIN, Ohio State University
GREGORY S. BURGE, Florida State University
THOMAS THIBODEAU, University of Colorado
KERRY VANDELL, University of California-Irvine


Jan. 6, 8:00 am
ACES

Foreign Direct Investment and Development (O0)

Presiding: KATHERINE TERRELL, University of Michigan

LAURA ALFARO, Harvard Business School, AREENDAM CHANDA, North Carolina State University, SEBNEM KALEMLI-OZCAN, University of Houston, and SELIN SAYEK, International Monetary Fund--FDI and Economic Growth: The Role of the Local Financial Markets

JENS M. ARNOLD, Bocconi University, Italy and World Bank, and BEATA SMARZYNSKA JAVORCIK, World Bank--Gifted Kids or Pushy Parents? Foreign Acquisitions and Plant Performance in Indonesia?

MEGHANA AYYAGARI and RENATA KOSOVA, George Washington University--Effect of FDI on Entrepreneurship: Evidence from the Czech Republic

YUIRY GORODNICHENKO, JAN SVEJNAR, and KATHERINE TERRELL, University of Michigan--Vertical and Horizontal Spillovers from FDI: Evidence from 15 Transition Economies

Discussants: ANN HARRISON, University of California-Berkeley
GORDON HANSON, University of California-San Diego
FREDRIK SJHOLM, Stockholm School of Economics


Jan. 6, 8:00 am
AFEE

Coping under Changing Economic Circumstances (D6)

Presiding: GEOFFREY SCHNEIDER, Bucknell University

ROBERT H. SCOTT III, Monmouth University--Credit Card Use and Abuse: A Veblenian Analysis

CHRISTIAN WELLER, Center for American Progress--Need or Want: Explaining the Rise in
Consumer Credit in the U.S.

WILFRED DOLFSMA, Erasmus University, Rotterdam, and ROBERT MCMASTER, University of
Aberdeen, UK--Bankruptcy and (of?) Chicago School of Law and Economics Toward an
Institutional Economic Analysis of Law

JAMES PEACH, New Mexico State University--Institutional Perspectives on Immigration Policy

HOWARD STEIN, University of Michigan--Employment and Accumulation? The Poverty of
Poverty Reduction Strategies in Africa

Discussant: MAYO TORUNO, California State University-San Bernardino


Jan. 6, 8:00 am
ASGE

The Estate Tax and Charitable Bequests (H2)

Presiding: ELEANOR BROWN, Pomona College

ROB MCCLELLAND, U.S. Bureau of Labor Statistics-- Charitable Bequests and the Repeal of the Estate Tax

DAVID JOULFAIAN, U.S. Treasury -- Charitable Bequests under a Vanishing Estate Tax: Evidence from Recent Trends in Giving

JON BAKIJA, Williams College--New Evidence on the Effects of Taxes on Charitable Bequests

Discussants: GERALD AUTEN, U.S. Department of the Treasury
WOJCIECH KOPCZUK, Columbia University
MARK WILHELM, Indiana University-Purdue University-Indianapolis

Jan. 6, 8:00 am
AERE

Measuring Environmental Preferences and Performance (Q5)

Presiding: GLENN BLOMQUIST, University of Kentucky

CHIH-CHEN LIU, JOSEPH A. HERRIGES, and CATHERINE L. KLING, Iowa State University--What Are the Consequences of Consequentiality?

TRUDY CAMERON and DAN BURGHART, University of Oregon--Discounting versus Risk Aversion

MAXIMILIAN AUFHAMMER, University of California-Berkeley, ANTONIO M. BENTO, University of Maryland, and SCOTT LOWE, University of California-Santa Barbara--Measuring the Effects of Environmental Regulations: The Critical Importance of Spatially Disaggregated Air Modeling

ANNA ALBERINI, University of Maryland, STEFANIA TONIN, MARGHERITA TURVANI, University of Venice-IUAV, and ALINE CHIABAI, Fondazione Eni Enrico Mattei, Venice--Paying for Permanence: The VSL and Public Preferences for Contaminated Site Cleanup

Discussants: NICHOLAS E. FLORES, University of Colorado-Boulder
MICHAEL HANEMANN, University of California-Berkeley
WOLFRAM SCHLENKER, Columbia University
LAURA O. TAYLOR, Georgia State University


Jan. 6, 8:00 am
AIES

Issues in Economic Growth and Development (F1, F2, F3)

Presiding: SURESH DESAI, Montclair State University

CHANDANA CHAKRABORTY and PETER NUNNENKAMP, Montclair State UniversityEconomic Reforms, Foreign Direct Investment and Their Impact on Indian Economy

ISHAQ NADIRI, New York University, BANANI NANDI, AT&T, and CHANDANA CHAKRABORTY, Montclair State UniversityTelecommunications Infrastructure, Intensity and Productivity in the U.S.

HANS-PETER BRUNNER, Asian Development BankTrade, Technology and Institutions

SYED HYAT, Siena College, and GAURAV AGRAWAL, Rensselaer Polytechnic InstituteTechnology Driven Services Sector Growth in India

KANKANA MUKHERJEE, Worcester Polytechnic InstituteEnergy Use Efficiency in Indian Manufacturing Sector, a Nonparametric Analysis

DEBASRI MUKHERJEE, Western Michigan UniversityPolio Count: Indian Evidence

PAUL MELVIN and SUBHASH SHARMA, Southern Illinois UniversitySustainability of Indian Economic Growth, a Total Productivity Analysis

BRINDA SOOREEA-BHEEMUL, London Metropolitan University, and RAJEEV SOOREEA, Pennsylvania State UniversityInward Foreign Direct Investment

Discussants: APARAJIT NANDI, Queens College, City University of New York
RENU KALLIANPUR, AXA Advisors
SUHAS KETKAR, Vanderbilt University
CHAITRAM TALELE, Columbia State University


Jan. 6, 8:00 am
ES

Public Economics

Presiding: RUSSELL W. COOPER, University of Texas-Austin

FRANCOIS GOURIO and JIANJUN MIAO, Boston University--A General Equilibrium Analysis of the Dividend Tax Cut

JANG-TING GUO, University of California-Riverside, and SHARON G. HARRISON, Barnard College, Columbia University--Useful Government Spending and Macroeconomic (In)stability under Balanced-Budget Rules

LAURA POWER, U.S. Department of the Treasury, and MICHAEL KILEY, Federal Reserve Board--Efficient Depreciation Allowances

ADITYA GOENKA, University of Essex and National University of Singapore, and CHRISTOPHE PRECHAC, University of Paris 1--Stabilizing Sunspots

Discussants: RUSSELL W. COOPER, University of Texas-Austin
STEPHANIE SCHMITT-GROHE, Duke University


Jan. 6, 8:00 am
ES

Empirical Likelihood and GMM

Presiding: YUICHI KITAMURA, Yale University

WHITNEY K. NEWEY, Massachusetts Institute of Technology, and FRANK WINDMEIJER, University of Bristol--Generalized Empirical Likelihood with Many Weak Moment Conditions

BERTILLE ANTOINE, University of Montreal and CIREQ, and ERIC RENAULT, University of North Carolina, CIRANO and CIREQ--Efficient GMM with Multiple Rates of Convergence and Applications to Nearly-Weak Identification

YUICHI KITAMURA and TAISUKE OTSU, Yale University--A Robust and Efficient Estimator for Moment Condition Models

FALLAW SOWELL, Carnegie Mellon University--An Empirical Saddlepoint Approximation to the Distributions in One-Step GMM Estimators


Jan. 6, 8:00 am
ES

Structural Change, Trade and Growth

Presiding: NANCY STOKEY, University of Chicago

DOUGLAS GOLLIN, Williams College, STEPHEN PARENTE, University of Illinois, and RICHARD ROGERSON, Arizona State University--Miracle Economies and Miracle Seeds: Agricultural Development, Structural Transformation, and Economic Growth

CRISTINA ECHEVARRIA, University of Saskatchewan, and CHRISTOPHER HAJZLER, University of Western Ontario--A Global Unbalanced Growth Path

WILBUR JOHN COLEMAN II, Duke University--Accommodating Emerging Giants

TIMOTHY J. KEHOE, University of Minnnesota and Federal Reserve Bank of Minneapolis,
and KIM J. RUHL, University of Texas--How Important is the New Goods Margin in International Trade?

Discussants: CHRIS PISSARIDES, London School of Economics
DIEGO RESTUCCIA, University of Toronto
AYSE IMROHOROGLU, University of Southern California
FRANCISCO BUERA, Northwestern University


Jan. 6, 8:00 am
ES

Industrial Organization of Health Care Markets

Presiding: DAVID DRANOVE, Northwestern University

DAVID DRANOVE and MARK SATTERTHWAITE, Northwestern University--A Model of Bargaining in Option Demand Markets

KATHERINE HO, Columbia University--Why So Few Integrated Plans? Simulating the Impact of an Alternative Health Insurance Strategy

RAJIV SHARMA, Portland State University, MIRON STANO, Oakland University, and RENU GEHRING, Ace-Cube LLP--Short-Term Fluctuations in Hospital Demand: Implications for Admission, Discharge, and Discriminatory Behavior

GAUTAM GOWRISANKARAN, Washington University-St. Louis, MICHAEL CHERNEW, Harvard University, and DENNIS SCANLON, Pennsylvania State University--Learning and the Value of Information: Evidence from Health Plan Report Cards

Discussants: PHILIP A. HAILE, Yale University
MARTIN GAYNOR, Carnegie Mellon University
FIONA SCOTT-MORTON, Yale University
LEEMORE S. DAFNY, Northwestern University


Jan. 6, 8:00 am
ES

Structural Estimation: Theory and Applications

Presiding: JOHN RUST, University of Maryland

BERNARD FORTIN, Universite Laval, NICOLAS JACQUEMET, CREST, and BRUCE SHEARER, Universite Laval--Compensation, Incentives and the Practice Patterns of Physicians

HIROYUKI KASAHARA, University of Western Ontario, and KATSUMI SHIMOTSU, Queen's University--Nested Pseudo-likelihood Estimation and Bootstrap-based Inference for Structural Discrete Markov Decision Models

TIMOTHY P. HUBBARD and HARRY J. PAARSCH, University of Iowa--Investigating Bid Preferences at Low-Price, Sealed-Bid Auctions

VICTOR AGUIRREGABIRIA and CHUN-YU HO, Boston University--Estimating the Structure of Sunk Costs in the US Airline Industry


Jan. 6, 8:00 am
ESA

Reputation and Indirect Reciprocity: The Evolution of Cooperation (C9)

Presiding: ARTHUR SCHRAM, University of Amsterdam

DIRK ENGELMANN, Royal Holloway, University of London, and URS FISCHBACHER, University of Zurich--Indirect Reciprocity and Strategic Reputation Building in an Experimental Helping Game

TIMOTHY CASON, Purdue University, ARNO RIEDL, Maastricht University, ARTHUR SCHRAM, and ALJA ULE, CREED, University of Amsterdam--Indirect Punishment

SAMUEL BOWLES, Santa Fe Institute and University of Siena, JEFFREY CARPENTER, Middlebury College, HERBERT GINTIS, Santa Fe Institute and Central European University-- Mutual Monitoring in Teams

GARY BOLTON, Pennsylvania State University, CLAUDIA LOEBBECKE, and AXEL OCKENFELS, University of Cologne--How Reputation Information Interacts with Competition in Anonymous Online Trading: An Experimental Study

Discussants: TIMOTHY CASON, Purdue University
ROBERTO WEBER, Carnegie Mellon University
ARTHUR SCHRAM, CREED, University of Amsterdam
TIMOTHY SALMON, Florida State University


Jan. 6, 8:00 am
IOS

Contracting with Limited Information (D8)

Presiding: JENNIFER REINGANUM, Vanderbilt University

DIRK BERGEMANN, Yale University--Information in Mechanism Design

ANDREW F. DAUGHETY and JENNIFER F. REINGANUM, Vanderbilt University--Hidden Talents: Partnerships and Pareto-Improving Privacy

NAVIN KARTIK, University of California-San Diego, and R. PRESTON MCAFEE, California Institute of Technology--Signaling Character in Electoral Competition

SIMON WILKIE, University of Southern California--Contract Renegotiation and Arbitration

Discussants: DONGSOO SHIN, Santa Clara University
MICHAEL RAITH, University of Rochester
RICK HARBAUGH, Indiana University
ALEXANDER RASKOVICH, U.S. Department of Justice


Jan. 6, 8:00 am
IEFS

Exchange Rates and the Current Account

Presiding: MARIO J. CRUCINI, Vanderbilt University

DAVID PARSLEY, Vanderbilt University, and HELEN POPPER, Santa Clara
University--Understanding Real Exchange Rate Movements When Trade is in
Middle Products

LUKASZ DROZD and JAROMIR NOSAL, University of Minnesota--Endogenous Markups, Market Expansion Frictions and International Pricing Anomalies

TANYA MOLODTSOVA and DAVID PAPELL, University of Houston--Out-of-Sample Exchange Rate Predictability with Taylor Rule Fundamentals

ESPEN HENRIKSEN, University of Oslo, and FREDERIC LAMBERT, New York
University--Technology Shocks and Current Account Dynamics

Discussants: LINDA TESAR, University of Michigan
VIRGILIU MIDRIGAN, Federal Reserve Bank of Minneapolis and New York University
MOTOTSUGU SHINTANI, Vanderbilt University
MARIO J. CRUCINI, Vanderbilt University


Jan. 6, 8:00 am
INEM

Theory and Evidence in Economics

Presiding: MATTHIAS KLAES, University of Keele, United Kingdom

OLIVER E. WILLIAMSON, University of California-BerkeleyPragmatic Methodology

ROBERT S. GOLDFARB and JONATHAN RATNER, George Washington UniversityIlluminating Competing Visions of the Model-Empirics Nexus: Solow versus Lipsey et al

JULIE A. NELSON, Tufts UniversityEthics, Evidence and International Debt

ART DIAMOND, University of Nebraska-OmahaWhat Counts as Good Evidence That Creative Destruction is the Essential Fact about Capitalism?

Discussants: D. WADE HANDS, University of Puget Sound
MATTHIAS KLAES, University of Keele, United Kingdom


Jan. 8, 8:00 am
LERA

Applying International Human Rights at the Workplace in a Global Economy

Presiding: JANICE BELLACE, University of Pennsylvania

KAREN CURTIS, International Labor Organization--The ILOs Declaration of Fundamental Principles and Rights at Work

EDWARD E. POTTER, Coca-Cola Company--The Observance of International Labor Standards at Workplace Level

OWEN HERRNSTADT, International Association of Machinists--International Framework Agreements and Other Strategies for Corporate Social Responsibility

ARNOLD M. ZACK, Harvard University--Using Mediation to Further Compliance with International Labor Standards

EILEEN B. HOFFMAN, Federal Mediation and Conciliation Services--The Use of Mediation in Developing Countries


Jan. 6, 8:00 am
LERA

Bankruptcy and Labor Relations

Presiding: DAVID LEWIN, University of California-Los Angeles
HARRY KATZ, Cornell University
NIRAJ GANATRA, UAW


Jan. 6, 8:00 am
LERA

LERA Refereed Papers Collective Bargaining, Dispute Resolution, Labor
Unions/Labor Studies, and International/Comparative IR/HR

Presiding: HOWARD STANGER, Canisius College

GREGOR GALL, University of Stirling, and DAVID ALLSOP, University of HertfordshireLabour Quiescence Continued? Recent Strike Activity in Western Europe

ELIZABETH HOFFMANN, Purdue UniversityHomecare Dispute Resolution

MARK STUART, University of Leeds, and MIGUEL MARTNEZ LUCIO, University of BradfordA Bridge over Troubled Water: The Role of the British Advisory, Conciliation and Arbitration Service (ACAS) in Facilitating Labour-Management Consultation in Public Sector Transformation

BARRY FRIEDMAN, STEVEN E. ABRAHAM, State University of New York-Oswego, and RANDALL K. THOMAS, Harris Interactive, Inc.Union Membership, Facet Satisfaction and Intent to Leave: Further Evidence on the Voice Face of Unions

Discussants: ANTHONY ZUMBOLO, New York State Public Employment Relations Board
BETH ALMEIDA, International Association of Machinists and Aerospace Workers


Jan. 6, 8:00 am
MEEA

Conflict, Governance, and Economic Performance (D7, O1, P1
)
Presiding: MINE CINAR, Loyola University

BAHAR ARAZ-TAKAY, Hacettepe University, Turkey, K. PEREN ARIN, Massey University, New Zealand, and TOLGA OMAY, Cankaya University, Turkey--The Endogenous Relationship Between Terrorism and Economic Performance: Turkish Evidence

MEHMET SERKAN TOSUN and ARZU SEN, West Virginia University--Preventing Regional Conflicts as a Global Public Good: the Case of the MENA Region

AYA TEKIN-KORU, Oregon State University--The Mystery of Almost Non-Existent FDI in the Middle East and North Africa: Severe Investment Climates Or Regional Stereotyping?

AGNIESZKA SKURATOWICZ, European Commission--The Political Economy of Reforms in the Southern Mediterranean Countries and the European Neighborhood Policy

ADEL BOUGHRARA, University of Sousse, Tunisia--Does Corruption Affect Monetary Authorities?

Discussants: OZAN HATIPOGLU, Bogazici University
JEFFREY NUGENT, University of Southern California
MICHAEL TWOMEY, University of Michigan-Dearborn
SALPIE DJOUNDOURIAN, Lebanese American University
O. MIKHAIL, University of Central Florida


Jan. 6, 8:00 am
NAEE/NCEE

Economic Education: Perspectives on Student Learning from Abroad (A2)

Presiding: JOHN SCOTT, North Georgia College and State University

PETER DAVIES and JEAN MANGAN, Staffordshire University--Embedding Threshold Concepts Using Reflective Exercises

COSTAS SIRIOPOULOS and GERASIMOS POMONIS, University of Patras--A Comparative Analysis of Economics Graduates Learning Styles and Critical Thinking Skills

I. DAVID WHEAT, JR., University of Bergen--Adding Feedback Loop Diagrams to the Macro Instructional Toolkit

JENNJOU CHEN, National Chengchi University, and TSUI-FANG LIN, National Taipei University--Class
Attendance and Exam Performance: A Randomized Experiment


Discussants: TIM RUSSO, National Defense University
ABDI FERDOWSI, Ferris State University
MINH QUANG DAO, Eastern Illinois University
TIMOTHY M. DIETTE, Washington and Lee University


Jan. 6, 8:00 am
NAFE

Forensic Economics II (K4)

Presiding: DAVID H. CISCEL, University of Memphis

GARY R. SKOOG, DePaul University and Legal Econometrics, and JAMES E. CIECKA, DePaul University--Recent Developments in Worklife Expectancy Modeling

MATTHEW J. CUSHING and DAVID I. ROSENBAUM, University of Nebraska--Forecasting Net Discount Rates

ELIAS C. GRIVOYANNIS, Yeshiva University--Estimation and Inference in Logit and Probit Econometric Models for Litigation Support

Discussants: JAMES D. RODGERS, Pennsylvania State University
TIMOTHY OPIELA, DePaul University
STEPHEN HORNER, Economic Consulting


Jan. 6, 8:00 am
NEA

Economic Growth and Development II: Caribbean and Sub-Saharan Africa (O1)

Presiding: KWABENA GYIMAH-BREMPONG, University of South Florida

CARLTON AUGUSTINE and C. KENRICK HUNTE, Howard University--Macroeconomic Adjustment and Exchange Rate Regimes in Selected Caribbean Countries

STEPHANIE SEQUINO, University of Vermont, JAMES HEINTZ, Political Economy Research Institute, and ELISSA BRAUNSTEIN, Colorado State University--Central Bank Policy in Anglophone Caribbean: Implications for Employment

AUGUSTINE KWASI FOSU, UN Economic Commission for Africa--Democracy and Economic Growth in Sub-Saharan Africa

RANSFORD PALMER, Howard University--Migration and Caribbean Economic Development

LAWRENCE R. MCNEIL, Howard University--Innovation Spillovers and Economic Growth in Africa

Discussants: ABERA GELAN, University of Wisconsin-Milwaukee
SYLVAIN BOKO, Wake Forest University
WILLIAM DARITY, JR., University of North Carolina
JULIET ELU, Spelman College


Jan. 6, 8:00 am
NAEFA

Government-Sponsored Enterprises and Home Mortgage Finance (G2)

Presiding: RANDY KROSZNER, Federal Reserve Board

SCOTT FRAME, Federal Reserve Bank of Atlanta, DIANA HANCOCK, and WAYNE PASSMORE, Federal Reserve Board--FHLB Advances and Mortgage Finance

DWIGHT JAFFE and JOHN QUIQLEY, University of California-Berkeley--Home Mortgages and the Mortgage Finance System: What Role for GSEs?

RAPHAEL BOSTIC, YONGHENG DENG, and STUART GABRIEL, University of Southern California--FHA, the GSEs and Underserved Urban Households

ANDREW COHEN, ANDREAS LEHNERT, and WAYNE PASSMORE, Federal Reserve Board--A Model of GSEs and Secondary Market Trading

Discussants: BRENT AMBROSE, Pennsylvania State University
HARVEY ROSENBLUM, Federal Reserve Bank of Dallas
GEORGE KAUFMAN, Loyola University of Chicago
DEBBIE LUCAS, Northwestern University


Jan. 6, 8:00 am
PSSI

Interdependence and Conflict

Presiding: MICHAEL INTRILIGATOR, University of California-Los Angeles

PHILIPPE MARTIN, Universite de Paris I, THIERRY MAYER, Paris Jourdan Sciences Economiques, an MATHIAS THOENIG, Universite de GeneveMake Trade Not War

SOLOMON POLACHEK, Binghamton University, and CARLOS SEIGLIE, Rutgers UniversityTrade, FDI and War

SAUMITRA JHA, Stanford UniversityTrade, Institutions and Religious Conflict in India

RAFAEL REUVENY, Indiana UniversityTitle to be announced.

Discussants: WALTER ISARD, Cornell University
MARTIN MCGUIRE, University of California-Irvine


Jan. 6, 8:00 am
SGE

Economic Analysis of New Savings Opportunities in Emerging Areas

Presiding: JONATHAN A. SCHWABISH, Congressional Budget Office

Alexandra Minicozzi U.S. Department of the Treasury, and ELISE GOULD, Economic Policy Institute--Health Savings Accounts: Analysis of Initial Participants

MARGARET CLANCY, CHANG-KEUN HAN, LISA REYES MASON, and MICHAEL SHERRADEN, Washington University--Inclusion in College Savings Plans: Participation and Saving in Maines Matching Grant Program

JONATHAN A. SCHWABISH and JULIE TOPOLESKI, Congressional Budget Office--Social Security Individual Accounts and the Impact on Low Earners

Discussants: STUART HAGEN, Congressional Budget Office
RAMON P. DEGENNARO, University of Tennessee
JOHN TURNER, AARP


Jan. 6, 8:00 am
TPUG

Communications Infrastructure and the Economy

Presiding: CHRISTIAAN HOGENDORN, Wesleyan University

SHANE M. GREENSTEIN, Northwestern University, CHRIS FORMAN, Carnegie Mellon University, and AVI GOLDFARB, University of Toronto-- Understanding the Inputs into Innovation: Do Cities Substitute for Internal Firm Resources?

CHRISTOPHER GARBACZ, Mississippi Public Utilities Staff, and HERBERT G. THOMPSON, JR., Ohio University--World Telecom Demand, Productive Efficiency and Economic Growth

FERNANDO BELTRN, University of Auckland Business School, ALAIN BOURDEAU DE FONTENAY, Columbia University, and MARCIO WOHLERS DE ALMEIDA, State University of Campinas--Internet as a Critical Infrastructure: Lessons from the Backbone Experience in South America

JANICE A. HAUGE, University of North Texas, and MARK A. JAMISON, University of Florida--Bureaucrats as Entrepreneurs: Do Municipal Telecom Providers Hinder Private Entrepreneurs?

Discussants: To be announced.


Jan. 6, 8:00 am
URPE

Topics in Heterodox Macroeconomics (B5)

Presiding: MARTHA STARR, American University

FREDERIC S. LEE, University of Missouri- Kansas CityHeterodox Microeconomics and the Foundations of Heterodox Macroeconomics

WILLIAM T. GANLEY, Buffalo State CollegeThe Micro Foundations of Veblens Theory of the Business Cycle

PETER DORMAN, Evergreen CollegeThe Trade Account and Macro Aggregates

WILLIAM MILBERG, New School for Social ResearchThe Pricing-Investment Link Under Globalized Production: A Post Keynesian Perspective on U.S. Economic Hegemony

Discussants: TAE-HEE JO, University of Missouri- Kansas City
MICHELE NAPLES, The College of New Jersey


Jan. 6, 8:00 am
URPE/IAFFE

Borderlines: Gender and Migration (J6)

Presiding: MARY KING, Portland State University

LOURDES BENERA, Cornell UniversityPaid/Unpaid Work and the Globalization of Reproduction

ALICIA GIRN GONZLEZ and MA. LUISA GONZLEZ MARN, UNAM, MexicoWomen, Migration, and Economic Policy

PHILLIP J. GRANBERRY and ENRICO MARCELLI, University of Massachusetts-BostonMexican Immigrant Wages: Are Mens and Womens Social Capital Different?

ULLA GRAPARD, Colgate UniversityImmigration and the Danish Welfare State: Where are Womens Voices?

Discussants: MARY KING, Portland State University
FARIDA C. KHAN, University of Wisconsin-Parkside
MARIA FLORO, American University


Jan. 6, 10:15 am
AAEA

New Frontiers in Water Resource Economics (Q2)

Presiding: ARIEL DINAR, World Bank

ALBERTO GARRIDO, Universidad Politcnica de Madrid--Designing Water Markets for Unstable Climatic Conditions: Learning from Experimental Economics

JAMES ROUMASSET and SITTIDAJ PONGKIJVORASIN, University of Hawaii-Manoa--Efficient Irrigation Management with Conveyance Losses, Canal Return Flows, Groundwater Recharge and Pollution

MASAHIKO GEMMA, Waseda University, and YACOV TSUR, Hebrew University of JerusalemThe Stabilization Value of Groundwater and Conjunctive Management of Ground and Surface Water under Uncertainty

Discussant: YACOV TSUR, Hebrew University of Jerusalem


Jan. 6, 10:15 am
AEA

Penalties and Sanctions for Securities Fraud (Panel Discussion)

Presiding: CHESTER SPATT, Securities and Exchange Commission and Carnegie Mellon University

JOSEPH GRUNDFEST, Stanford University

ROBERTA ROMANO, Yale University

CHRISTOPHER SNYDER, Dartmouth College


Jan. 6, 10:15 am
AEA

The Economics of Human Development

Presiding: THOMAS SARGENT, New York University

JAMES J. HECKMAN, University of Chicago


Jan. 6, 10:15 am
AEA

Understanding Performance Heterogeneity between Firms: The Role of Organizational
Capabilities

Presiding: LUIS GARICANO, University of Chicago

JOHN SUTTON, London School of EconomicsCompeting in Capabilities

ROBERT GIBBONS and REBECCA HENDERSON, Massachusetts Institute of TechnologyOrganizational Capabilities: Persistent Performance Differences among Seemingly Similar Enterprises

LUIS GARICANO, University of ChicagoOrganizational Capabilities: A Cognitive Perspective

Discussants: ROB GERTNER, University of Chicago
JOHN ROBERTS, Stanford University
JAN RIVKIN, Harvard University


Jan. 6, 10:15 am
AEA

Field Experiments in Pecuniary and Non-pecuniary Donations (C9)

Presiding: JAMES ANDREONI, University of California-San Diego

CRAIG LANDRY, East Carolina University, ANDREAS LANGE, University of Maryland and ZEW, JOHN LIST, University of Chicago, MICHAEL PRICE, University of Nevada-Reno, and NICHOLAS RUPP, East Carolina UniversityIs a Donor in Hand Better than 50 in the Bush? Evidence from a Natural Field Experiment on Charitable Giving

RACHEL CROSON, University of Pennsylvania, and JEN SHANG, Indiana UniversitySocial Information and Charitable Contributions

DAN ARIELY, ANAT BRACHA, Massachusetts Institute of Technology, and STEPHAN MEIER, Federal Reserve Bank of BostonSelf-Identity, Reputation, and Incentives: Evidence from Field and Lab Experiments

ALOIS STUTZER, University of Basel, LORENZ GOETTE, Federal Reserve Bank of Boston, and MICHAEL ZEHNDER, University of ZurichActive Decisions and Pro-social Behavior: A Field Experiment in Blood Donation

Discussants: COLIN CAMERER, California Institute of Technology
MARIANNE BERTRAND, University of Chicago
ROBERT FRANK, Cornell University
JAMES ANDREONI, University of California-San Diego


Jan. 6, 10:15 am
AEA

Contracts, Incentives and Cooperation Between and Within Firms

Presiding: NISVAN ERKAL, University of Melbourne

STEVEN WU and BRIAN ROE, Ohio State UniversityDiscretionary Latitude and the Nature of Relational Contracting

SIMONA FABRIZI, Universidad del Pais Vasco, and STEFFEN LIPPERT, Research Institute of Industrial EconomicsOn Moral Hazard and Joint R&D

NISVAN ERKAL, University of Melbourne, and DEBORAH MINEHART, U.S. Department of JusticeOptimal Sharing Strategies in Dynamic Games of Research and Development

LUIS CABRAL, New York University, and DAVID SALANT, ERS GroupEvolving Technologies and Standardization

Discussants: DAVID HUFFMAN, Institute for the Study of Labor (IZA)
ETHAN LIGON, University of California-Berkeley
DEBORAH MINEHART, U.S. Department of Justice
JAY PIL CHOI, Michigan State University


Jay. 6, 10:15 am
AEA

Estimating Models of Consumer Decisions with Applications to Health (I1)

Presiding: DONNA GILLESKIE, University of North Carolina

JEROME ADDA, University College LondonSmoking and Endogenous Mortality: Does Heterogeneity in Life Expectancy Explain Differences in Smoking Behavior

JOHN BOUND, University of Michigan, TODD STINEBRICKNER, University of Western Ontario, and TIMOTHY WALDMANN, Urban InstituteHealth, Economic Resources, and the Work Decisions of Older Men

ANDREW CHING, University of Toronto, and FUMIKO HAYASHI, Federal Reserve Bank of Kansas CityRegulations in Nursing Home Markets: Estimation of a Competitive Model

AHMED KHWAJA, Duke UniversityInvestment in Human Capital, Longevity and Moral Hazard in a Stochastic Life-Cycle Model of Demand

Discussants: DONNA GILLESKIE, University of North Carolina
PETER ARCIDIACONO, Duke University
HAN HONG, Duke University
JOHN RUST, University of Maryland


Jan 6, 10:15 am
AEA

U.S. Trade Deficits, the Dollar, and International Monetary Stability (Roundtable) (E5)

Presiding: DOMINICK SALVATORE, Fordham University

MARTIN FELDSTEIN, Harvard UniversityWhy Such a Strong Dollar?

RONALD MCKINNON, Stanford UniversityExchange Rates and Trade Balances under the Dollar Standard

ROBERT MUNDELL, Columbia UniversityThe U.S. Deficit and the International Monetary System

MICHAEL MUSSA, Institute for International EconomicsThe Dollar and the Current Account Deficit: How Much Should We Sorry?

KENNETH ROGOFF, Harvard UniversityThe Mirage of Fixed Exchange Rates Revisited


Jan. 6, 10:15 am
AEA

Housing and the Macro Economy (R1)

Presiding: STIJN VAN NIEUWERBURGH, New York University

FRANCOIS ORTALO-MAGNE, University of Wisconsin-MadisonThe Political Economy of Housing Supply

EDWARD GLAESER, Harvard University, JOSEPH GYOURKO, University of Pennsylvania, and RAVEN SAKS, Harvard UniversityUrban Growth and Housing Supply

STIJN VAN NIEUWERBURGH and PIERRE-OLIVIER WEILL, New York UniversityUsing Housing Prices to Measure the Welfare Cost of Housing Supply Regulation

Discussants: JOHN QUIGLEY, University of California-Berkeley
JONATHAN HEATHCOTE, Georgetown University
FRANCOIS ORTALO-MAGNE, University of Wisconsin-Madison


Jan. 6, 10:15 am
AEA

New Strategies for Teaching Economics Courses (A2)

Presiding: MICHAEL SALEMI, University of North Carolina-Chapel Hill

KENNETH G. ELZINGA, University of VirginiaTeaching the Dismal Science Socratically

GAIL HOYT, University of KentuckyA Fresh Look at the Daily Quiz: Engaging Students in Principles Courses

WILLIAM C. WOOD, James Madison UniversityThe Principles of Macroeconomics Class: Teaching Aggregate Thinking


Jan. 6, 10:15 am
AEA

Recent Developments in the Analysis of Exchange-Rate Pass-Through and Policy Implications (F4)

Presiding: MICHAEL B. DEVEREUX, University of British Columbia

MICHAEL B. DEVEREUX, University of British ColumbiaExchange Rate Policy and Endogenous Price Flexibility

GIANCARLO CORSETTI, European University Institute, LUCA DEDOLA, European Central Bank, and SYLVAIN LEDUC, Federal Reserve BoardDSGE Models of High Exchange-Rate Volatility and Low Pass-Through

CHRISTOPHER GUST, SYLVAIN LEDUC, and ROBERT VIGFUSSON, Federal Reserve BoardTrade Integration, Competition, and the Decline in Exchange-Rate Pass-Through

MATTHIEU BUSSIERE, European Central BankExchange Rate Pass-Throughin the G-& Economies: The Role of Non-linearities and Asymmetries

Discussants: PHILIPPE BACCHETTA, University of Lausanne
CRAIG BURNSIDE, Duke University
ROBERT FEENSTRA, University of California-Davis
JOSEPH GAGNON, Federal Reserve Board


Jan. 6, 10:15 am
AEA

Globalization: Multinational Firm Organization and Value Creation (F2)

Presiding: ANN HARRISON, University of California-Berkeley

WILLIAM H. GREENE, New York University, ABIGAIL S. HORNSTEIN, Wesleyan University, LAWRENCE J. WHITE, and BERNARD Y. YEUNG, New York UniversityMultinationals Do It Better: Evidence on the Efficiency of Corporations Capital Budgeting

C. FRITZ FOLEY and YUHAI XUAN, Harvard Business SchoolOrganizational Form and Firm Responses to Currency Depreciations

MINYUAN ZHAO, University of MichiganLong-Distance Collaborations within Multinational Firms: Promoting Knowledge Flow or Facilitating Internalization

Discussants: BRUCE BLONIGEN, University of Oregon
SIMI KEDIA, Rutgers University
MEGAN MACGARVIE, Boston University


Jan. 6, 10:15 am
AEA

Monetary Systems: Transitions and Experiments (E4, N1)

Presiding: FRANOIS VELDE, Federal Reserve Bank of Chicago

WILL ROBERDS, Federal Reserve Bank of Atlanta, and STEPHEN QUINN, Texas Christian UniversityThe Bank of Amsterdam

PETER ROUSSEAU, Vanderbilt UniversityBacking, the Quantity Theory, and the Transition to the Dollar, 1720-1850

JOHN JAMES, University of Virginia, and DAVID WEIMAN, Barnard CollegeTowards a More Perfect American Payments Union: The Civil War as a Political Economic Watershed

FRANOIS VELDE, Federal Reserve Bank of ChicagoJohn Laws System: An Experiment in Public Finance in 18th Century France


Jan. 6, 10:15 am
AEA

Sudden Stops (F3)

Presiding: MARCO TERRONES, International Monetary Fund

RICARDO CABALLERO, Massachusetts Institute of Technology, and STAVROS PANAGEAS, University of PennsylvaniaA Quantitative Model of Sudden Stops and External Liquidity Management

ENRIQUE MENDOZA, University of Maryland and NBER, and MARCO TERRONES, International Monetary FundCredit Booms in Emerging Economies: Myths and Facts

JOSHUA AIZENMAN, University of California-Santa Cruz, and JAEWOO LEE, International Monetary FundInternational Reserves: Precautionary versus Mercantilist Views, Theory and Evidence

GEORGE ALESSANDRIA, Federal Reserve Bank of Philadelphia, and JOSEPH KABOSKI, Ohio State UniversityReconsidering the Evidence of Relative PPP in Large Devaluations


Jan. 6, 10:15 am
AEA

Gender Implications of Social Welfare Policy Choices

Presiding: KATHARINE ABRAHAM, University of Maryland

VIRGINIA WILCOX-GK and RUPALI SURYAWANSHI, Northern Illinois UniversityOld, Poor, and Untreated? Demand for Prescription Drugs among Older Women in the United States

HOPE CORMAN, KELLY NOONAN, Rider University, NANCY E. REICHMAN, Robert Wood Johnson Medical School, and ANNE CARROLL, Rider UniversityWhy Do Poor Mothers and Children Lose Health Insurance?

CATALINA AMUEDO-DORANTES, CYNTHIA BANSAK, San Diego State University, and STEVEN RAPHAEL, University of California-BerkeleyAre Migrant Men and Women an Economic Burden? Changes in the Utilization and Contribution to Public Benefits Surround the 1996 Welfare Reform

JONATHAN A. SCHWABISH, MICHAEL S. SIMPSON, and JULIE H. TOPOLESKI, Congressional Budget OfficeAchieving Social Security Solvency: Implications for Men and Women

Discussants: AMITABH CHANDRA, Harvard University
LARA SHORE-SHEPPARD, Williams College
REBECCA BLANK, University of Michigan
RICHARD BURKHAUSER, Cornell University


Jan. 6, 10:15 am
AEA

Inaction and Adjustment: Consequences for Households and Firms

Presiding: ANDREW ABEL, University of Pennsylvania

ANDREW ABEL, University of Pennsylvania, and JANICE EBERLY, Northwestern UniversityOptimal Inattention

NICK BLOOM, Stanford UniversityUncertainty and the Dynamics of R&D

SURESH SUNDARESAN and NENG WANG, Columbia UniversityWaiting to Invest in the Present of Jump Risk

Discussants: THOMAS PHILIPPON, New York University
JOHN HALTIWANGER, University of Maryland
BOB MCDONALD, Northwestern University


Jan. 6, 10:15 am
AEA

The Transparency of Political Institutions (D7)

Presiding: ERNESTO DAL BO, University of California-Berkeley

ALESSANDRO GAVAZZA, Yale University, and ALESSANDRO LIZZERI, New York UniversityThe Public Finance of Transparency

GILAT LEVY, London School of EconomicsTransparent Committees

ANDREAS MATTOZZI, California Institute of Technology, and ANTONIO MERLO, University of PennsylvaniaThe Transparency of Politics and the Quality of Politicians


Jan. 6, 10:15 am
AEA

Biological Evolution and Economics (Z0)

Presiding: GARY S. BECKER, University of Chicago

THEODORE C. BERGSTROM, University of California-Santa BarbaraThe Evolutionary Economics of Family Partnerships

LUIS RAYO and GARY S. BECKER, University of ChicagoHabits, Peers, and Happiness: An Evolutionary Perspective

ARTHUR J. ROBSON, Simon Fraser University, and HILLARD S. KAPLAN, University of New MexicoEconomics, Biology and Mortality

LARRY SAMUELSON, University of Wisconsin-Madison, and ARTHUR J. ROBSON, Simon Fraser UniversityThe Evolutionary Basis of Impatience

Discussants: GARY S. BECKER, University of Chicago
KEITH CHEN, Yale University
JESSE SHAPIRO, University of Chicago
JEROEN SWINKELS, Washington University-St. Louis

 

Jan. 6, 10:15 am
AEA

Defense Economics: Theory and Applications (H5)

Presiding: CLAUDE BERREBI, RAND

PETER BERCK, University of California-Berkeley, and JONATHAN LIPOW, Academic College of Judea and SamariaMilitary Conscription and the Socially Optimal Number of Boots on the Ground

DOTAN PERSITZ and DANIEL TSIDDON, Tel Aviv UniversityA Counter-Factual Analysis of Terrorisms Effects on the Economy: The Case of Israel

JONATHAN LIPOW, Academic College of Judea and Samaria, and YAKIR PLESSNER, Hebrew University of JerusalemDean Machines and Taxes

MICHAEL BEN-GAD, Haifa University, YAKOV BEN-HAIM, Israel Institute of Technology (Technion), and DAN PELED, Haifa UniversityAllocating Security Expenditures under Knightian Uncertainty: An Info-Gap Approach

Discussants: MARTIN MCGUIRE, University of California-Irvine
ROBERT POWELL, University of California-Berkeley
DONALD LOSMAN, National Defense University
CLAUDE BERREBI, RAND
MICHAEL INTRILIGATOR, University of California-Los Angeles


Jan. 6, 10:15 am
AEA

Beyond Drug and Hospital Costs: Comprehensive Accounting for Health Care (I1)

Presiding: STEVEN J. LANDEFELD, U.S. Bureau of Economic Analysis

ERNST BERNDT, Massachusetts Institute of Technology, and RICHARD G. FRANK, Harvard Medical SchoolPrice and Quantity Growth in Mental Health Care

ALLISON ROSEN, University of MichiganRevising and Expanding National Health Accounts

MICHAEL CHRISTIAN, U.S. Bureau of Economic AnalysisMeasuring the Price and Output of Health Care Systems

JOSEPH NEWHOUSE, Harvard UniversityPricing, Information, and Efficiency in the Medical Care Sector

Discussants: JACK TRIPLETT, Brookings Institution
DAVID MELTZER, University of Chicago


Jan. 6, 10:15 am
AEA/IHEA

Health and Development in the Developed and Developing Worlds

Presiding: KENNETH CHAY, University of California-Berkeley

CHRISTINA PAXSON, Princeton University and NBER, and NORBERT SCHADY, World BankIncome Transfers and Childrens Health and Development: Evidence from Ecuador

MARK ROSENZWEIG, Yale University and NBERUnderdevelopment and Health: Indoor Air Pollution in South Asia

JANET CURRIE, Columbia University and NBERHealthy, Wealthy and Wise? The Relationship between Health and Human Capital

MICHAEL GROSSMAN, City University of New York and NBER, SHIN YI-CHOU, Lehigh University and NBER, INAS RASHAD, George State University and NBER, and HENRY SAFFER, Kean University and NBERThe Economics of Obesity

Discussants: EDWARD MIGUEL, University of California-Berkeley
ADRIAN LLERAS-MUNEY, Princeton University
HOYT BLEAKLEY, University of Chicago
AMY FINKELSTEIN, Massachusetts Institute of Technology


Jan. 6, 10:15 am
AEA/NEA

Globalization and Economic Outcomes for Minority Groups

Presiding: JAMES PEOPLES, University of Wisconsin-Milwaukee

ELIZABETH ASIEDU, University of KansasThe Impact of Globalization on Minority-Owned Businesses

DEBORAH REED, Public Policy Institute of California, and SHELDON DANZIGER, University of MichiganThe Effects of Globalization and Other Factors on Racial/Ethnic Wage Gaps in the United States

ABERA GELAN, University of Wisconsin-Milwaukee, KAYE HUSBANDS-FEALING, Williams College, and JAMES PEOPLES, University of Wisconsin-MilwaukeeForeign Direct Investment and Racial Employment Patterns

PAUL ONG, University of California-Los AngelesThe Impact of Immigration on the Black/NH-White Employment Ratio

Discussants: JOHN BITZAN, North Dakota State University
MAURY GRANGER, Jackson State University
LISA SAUNDERS, University of Massachusetts-Amherst
RICHARD MCGREGORY, University of Wisconsin-Whitewater


Jan. 6, 10:15 am
AFA

Equity Volatility and Leverage

Presiding: DARRELL DUFFIE, Stanford University

HAZEM DAOUK and DAVID NG, Cornell UniversityIs Unlevered Firm Volatility Asymmetric?

HARJOAT SINGH BHAMRA, University of British Columbia, and RAMAN UPPAL, London Business SchoolThe Effect of Introducing a Non-Redundant Derivative on the Volatility of Stock-Market Returns

ABDULLAH C. AYDEMIR, Lehman Brothers, MICHAEL F. GALLMEYER, Texas A&M University, and BURTON HOLLIFIELD, Carnegie Mellon UniversityFinancial Leverage Does Not Cause the Leverage Effect

Discussants: JUN PAN, Massachusetts Institute of Technology
LEONID KOGAN, Massachusetts Institute of Technology
JESSICA WACHTER, University of Pennsylvania


Jan. 6, 10:15 am
AFA

Behavioral Approaches to Asset Pricing

Presiding: NICHOLAS BARBERIS, Yale University

LAUREN COHEN, Yale University, and ANDREA FRAZZINI, University of ChicagoEconomic Links and Predictable Returns

SHLOMO BENARTZI, University of California-Los Angeles, RONI MICHAELY, Cornell University, RICHARD H. THALER, University of Chicago, and WILLIAM CHARLES WELD, Cornell UniversityThe Nominal Price Puzzle

KEWEI HOU, Ohio State University, LIN PENG, City University of New York, and WEI XIONG, Princeton UniversityA Tale of Two Momentum Anomalies: The Dual Role of Investor Attention

Discussants: JONATHAN LEWELLEN, Dartmouth College
OWEN LAMONT, Yale University
KENT DANIEL, Goldman Sachs Group, Inc.


Jan. 6, 10:15 am
AFA

Mutual Fund Organizations

Presiding: DANIEL BERGSTRESSER, Harvard University

AJAY KHORANA, Georgia Institute of Technology, PETER TUFANO, Harvard University, and LEI WEDGE, Georgia Institute of Technology and University of South FloridaBoard Structure, Mergers and Shareholder Wealth: A Study of the Mutual Fund Industry

JEROLD B. WARNER and JOANNA SHUANG WU, University of RochesterChanges in Mutual Fund Advisory Contracts

MASSIMO MASSA, INSEAD, JONATHAN REUTER, University of Oregon, and ERIC ZITZEWITZ, Stanford UniversityThe Rise of Teams in Fund Management

Discussants: RICHARD EVANS, Boston College
DANIEL DELI, Arizona State University
CAMELIA KUHNEN, Stanford University


Jan. 6, 10:15 am
AFA

Trading and Information in Markets

Presiding: MAUREEN OHARA, Cornell University

DELPHINE SABOURIN, Universit Paris IX DauphineAre Designated Market Makers Necessary in Centralized Limit Order Markets?

PAOLO PASQUARIELLO, University of Michigan-Ann Arbor, and CLARA VEGA, University of RochesterInformed and Strategic Order Flow in the Bond Market

DIEGO AGUDELO, Indiana University-BloomingtonDo Local or Foreign Traders Know More in an Emerging Market? A Possible Solution to the Puzzle

Discussants: LAWRENCE GLOSTEN, Columbia University
ERIK SIRRI, Babson College
GIDEON SAAR, Cornell University


Jan. 6, 10:15 am
AFA

Corporate Investment and Capital Structure

Presiding: JOHN GRAHAM, Duke University

MURILLO CAMPELLO, University of Illinois-Urbana-Champaign, and ZSUZSANNA FLUCK, Michigan State UniversityProduct Market Performance, Switching Costs, and Liquidation Values: The Real Effects of Financial Leverage

EVGENY LYANDRES, Rice University, and ALEXEI ZHDANOV, George Mason UniversityUnderinvestment or Overinvestment: The Effects of Financial Leverage on Investment

TOR-ERIK BAKKE and TONI M. WHITED, University of Wisconsin-MadisonWhich Firms Follow the Market? An Analysis of Corporate Investment Decisions

MICHAEL R. ROBERTS, University of Pennsylvania, and SUDHEER CHAVA, University of HoustonIs Financial Contracting Costly? An Empirical Analysis of Debt Covenants and Corporate Investment

Discussants: GORDON PHILLIPS, University of Maryland
DAVID MAUER, Southern Methodist University
MALCOLM BAKER, Harvard University
JOSHUA RAUH, University of Chicago


Jan. 6, 10:15 am
AREUEA

Bubbles & Bias

Presiding: PATRIC HENDERSHOTT, University of Aberdeen and San Diego State University

MARK Y. AN, ANDRE GAO, ERIC ROSENBLATT, and YEVGENY YUZEFOVICH, Fannie Mae--Appraisal Bias: Patterns and Premises

BRENT AMBROSE, Pennsylvania State University, and PIET EICHHOLTZ, Maastricht University--Do House Price Bubbles Really Occur?

EDWARD COULSON, Pennsylvania State University, and DANIEL MCMILLEN, University of Illinois-Chicago--Identifying Temporal Effects In Hedonic Models of House Prices

ALLEN C. GOODMAN, Wayne State University, and THOMAS G. THIBODEAU, University of Colorado--Where is the Speculative Bubble in US House Prices?

Discussants: To be announced.


Jan. 6, 10:15 am
AREUEA

Models of REIT Behavior

Presiding: JIM CLAYTON, Pension Real Estate Association

JINLIANG JACK LI, ROBERT M. MOORADIAN, and SHIAWEE X. YANG, Northeastern University--Conditional Expectation and the Variability of Equity REIT Returns

ZHONGHUA WU, Florida International University--Implications of Bank Mergers on Industrial Market Structure: Evidence from Real Estate Investment Trusts

ROBERT EDELSTEIN, University of California-Berkeley, ANTONI SUREDA-GOMILA, BRANKO UROSEVIC, Universitat Pompeu Fabra, and NICHOLAS WONDER, Western Washington University--Ownership Dynamics with Multiple Insiders: The Case of REITs

DENNIS CAPOZZA and RYAN ISRAELSEN, University of Michigan--Price Dynamics in Liquid Markets: Evidence from REITS

Discussants: SHAUN BOND, University of Cambridge
MILENA PETROVA, Syracuse University
JAY HARTZELL, University of Texas-Austin
ROBERT NOVY-MARX, University of Chicago


Jan. 6, 10:15 am
AREUEA/AFA

Recent Developments in Mortgage Financing

Presiding: MARK J. FLANNERY, University of Florida

RAPHAEL BOSTIC, YONGHENG DENG, and STUART GABRIEL, University of Southern California--The Impact of a Growing CDO Market on the Residential Mortgage Lending

SUSAN WACHTER, University of Pennsylvania--Mortgage Finance, the New Segmentation

MICHAEL LACOUR-LITTLE, California State University-Fullerton--The Pricing of Mortgages by Brokers: An Agency Problem?

CHRISTOPHER DOWNING, Rice University, and NANCY E. WALLACE, University of California-Berkeley --The Determinants of Security Design in the CMBS Market

Discussants: JEAN HELWEGE, Pennsylvania State University
MICHAEL FRATANTONI, Mortgage Bankers Association
CROCKER LIU, Arizona State University
PETER DEMARZO, Stanford University


Jan. 6, 10:15 am
ACES

Changes in Incentives and Organizational Performance (J3)

Presiding: DEREK C. JONES, Hamilton College

DEREK C. JONES, Hamilton College, PANU KALMI, and ANTTI KAUHANEN, Helsinki School of Economics and HECER, Helsinki--Teams, Performance-Related Pay, Profit Sharing and Productive Efficiency: Evidence from a Food-Processing Plant

EDWARD P. LAZEAR, Stanford University, Hoover Institution and Council of Economic Advisors, and KATHRYN SHAW, Stanford University--The Effects of Tenure on Output

TOR ERIKSSON, Aarhus School of Business, Denmark, and JAIME ORTEGA, Universidad Carlos III de Madrid and Center for Corporate Performance, Denmark--Is Performance Pay Changing Employees Private Lives?

JOHN S. HEYWOOD, University of Wisconsin, Milwaukee, UWE JIRJAHN, University of Hannover, and XIANGDONG WEI, Lingnan College--Teamwork, Monitoring, Absence and Productivity

Discussants: AVNER BEN-NER, University of Minnesota
ERIK POUTSMA, Radboud University Nijmegen
RICHARD FREEMAN, Harvard University and London School of Economics and Political Science
VIRGINIE PEROTIN, Leeds School of Business


Jan. 6, 10:15 am
AFEE

Institutional Perspectives on Macroeconomic Policies (E1)

Presiding: CHARLES WHALEN, Perspectives on Work

FADHEL KABOUB, Drew University--Institutional Adjustment Planning for Full Employment

ZDRAVKA TODOROVA, Wright State University--Institutional Analysis of Deficits and Theorizing
about Households and the State

DAVID ZALEWSKI, Providence College--Alan Greenspans Legacy: Is There Anything for
Institutionalists to Like?

ERIC TYMOIGNE, California State University-Fresno--Asset Prices, Financial Fragility, and
Central Banking

YAN LIANG, University of Missouri-Kansas City--Sending Jobs to China: An Efficiency or
Equality Concern?

Discussant: JAMES K. GALBRAITH, University of Texas-Austin


Jan. 6, 10:15 am
AFEE

Environmental Theory, Problems and Policies (Q2)

Presiding: STEVEN BOLDUC, Minnesota State University-Moorhead

MARK HAGGERTY and STEPHANIE A. WELCOMER, University of Maine--Tied to the Past - Bound to the Future: Ceremonial Encapsulation in a Maine Woods Land Use Policy Debate

THAMIR M. SALIH, Kutztown University of PennsylvaniaOld Concepts, New Perspectives on
Oil: An Application to Iraqs Development

DENIS BARTHELEMY, Institut National de la Recherche Agronomique, MARTINO NIEDDU, Universite de Reims, FRANCK-DOMINIQUE VIVIEN, Universite de Reims--Non-Trade Concerns in Agricultural and Environmental Economics: How Can Commons and Polanyi Help Us?

RACHEL HILLIARD, DON GOLDSTEIN, and VALERIE PARKER, NUI, Galway, Ireland--Environmental Technology, Dynamic Environmental Capabilities and Competiveness

SEBASTIAN BERGER, University of Sorbonne, Paris, and MATHEW FORSTATER, University of Missouri-Kansas City--The Significance of Kapps Social Cost Theory and Lowes Instrumental Analysis for Environmental Policy

Discussant: TERREL GALLAWAY, Missouri State University


Jan. 6, 10:15 am
ASE

Globalization, Governance, and Oil

Presiding: JOHN P. TIEMSTRA, Calvin College

SEDA EKMEN, Middle East Technical University, Turkey, and EMRE OZCELIK, Anadolu University, Turkey--Global Governance Model as the Enemy of Socio-Economic Sustainability

FRED CURTIS, Drew University--Relocalization in Response to Global Warming and Peak Oil

ALAN HUTTON, Glasgow Caledonian University--Environmental Sustainability, Fuel Poverty and National Security of Supply

FAITH U. ONONOGBO, Lion of Africa Insurance Company, Nigeria--Income Inequality, Oil Exploitation, and Environmental Degradation in the Niger Delta Region of Nigeria

Discussant: JOHN MARANGOS, Colorado State University


Jan. 6, 10:15 am
ASGE/IAFFE

Gender Issues and the Welfare State (H5)

Presiding: JANOS HORVATH, Budapest University of Economic Sciences

EUNYOUNG CHOI, Chungbuk National UniversityWhats for the Welfare State? Market Work, Care Work, and Women in Korea

LISE WIDDING ISAKSEN and SUSAN SAVIDES, University of BergenTransnational Health Care Workers in Norway: Local Adjustments and Integration Strategies

GANNA GERASYMENKO, Institute for Demography and Social StudiesGender Disparities of Aging in the Context of Social Care Services in Ukraine

Discussants: RANDY ALBELDA, University of Massachusetts-Boston
AGNETA STARK, Dalarna University, Sweden


Jan. 6, 10:15 am
AERE

Joint Estimation and Environmental Valuation Ten Years Later (Q5)

Presiding: JOHN C. WHITEHEAD, Appalachian State University

ROGER H. VON HAEFEN and DANIEL J. PHANEUF, North Carolina State University--Using RP Data with Alternative Specific Constants and SP Choices to Identify Preferences in RUM Models

V. KERRY SMITH, Arizona State University, NICOLAI KUMINOFF, North Carolina State University and Virginia Polytechnic Institute, SUBRENDU K. PATTANAYAK, and GEORGE VAN HOUTVEN, RTI International--Data Combination for Calibration, Estimation, and Benefit Transfer

KEVIN J. EGAN, University of Toledo, JOSEPH A. HERRIGES, JOHN DOWNING, and CATHERINE L. KLING, Iowa State University--Combining Revealed Preference and Stated Preference Data without Invoking the Weak Complementarity Condition

WILLIAM BREFFLE, Stratus Consulting Inc., EDWARD MOREY, University of Colorado-Boulder, and JENNIFER THACHER, University of New Mexico--Combining Attitudinal and Choice Data to Improve Estimates of Preferences and Preference Heterogeneity: A FIML, Discrete-Choice, Latent-Class Model

Discussants: TRUDY CAMERON, University of Oregon
VICTOR ADAMOWICZ, University of Alberta
JORDAN LOUVIERE, University of Technology, Sydney


Jan. 6, 10:15 am
CES

Understanding the Mechanism of Chinas Economic Growth (F4)

Presiding: HENRY WAN, JR., Cornell University

BELTON FLEISHER, Ohio State University, HAIZHENG LI, Georgia Institute of Technology, and MIN QIANG ZHAO, Ohio State UniversityCapital, Economic Growth, and Regional Inequality in China

CHERYL XIAONING LONG, Colgate University and Stanford University, and GALINA HALE, Yale University--Do FDI Inflows Increase Productivity? The Case of China

DANI RODRIK, Harvard University--What's so Special about China's Exports?

BIN XU, China Europe International Business SchoolExplaining Chinas Export Sophistication

Discussants: CHERYL XIAONING LONG, Colgate University and Stanford University
HAIZHENG LI, Georgia Institute of Technology
BIN XU, China Europe International Business School
DANI RODRIK, Harvard University


Jan. 6, 10:15 am
ES

Monetary Theory and Evidence

Presiding: ROBERT E. LUCAS, University of Chicago

PEDRO TELES, Universidade Catolica Portuguesa and Banco de Portugal, and HARALD UHLIG, Humboldt University of Berlin--Is Quantity Theory Still Alive?

SAMUEL REYNARD, Swiss National Bank--Avoiding Drifting Away from Low Inflation: Money, Interest Rates, and Monetary Policy Stance

FERNANDO ALVAREZ, University of Chicago and NBER, and FRANCESCO LIPPI, Bank of Italy and CEPR--Financial Innovation and the Transactions Demand for Cash

Discussants: EDWARD NELSON, Federal Reserve Bank of St. Louis
ROBERT E. LUCAS, University of Chicago


Jan. 6, 10:15 am
ES

Financing Constraints and Aggregate Economy

Presiding: NOBUHIRO KIYOTAKI, Federal Reserve Bank of New York and London School of Economics

ANDREA EISFELDT and ADRIANO RAMPINI, Northwestern University--New or Used? Investment with Credit Constraints

URBAN JERMANN, University of Pennsylvania, and VINCENZO QUADRINI, University of Southern California--Financial Innovations and Macroeconomic Volatility

ALESSANDRO CALZA, European Central Bank, TOMMASO MONACELLI, IGIER, Universit Bocconi and CEPR, and LIVIO STRACCA, European Central Bank--Mortgage Markets, Collateral Constraints and Monetary Policy: Do Institutional Factors Matter?

NOBUHIRO KIYOTAKI, Federal Reserve Bank of New York and London School of Economics, and ALEXANDER MICHAELIDES, London School of Economics--From Shirtsleeves to Shirtsleeves in a Long Lifetime


Jan. 6, 10:15 am
ES

Ambiguity and Disagreement

Presiding: PETER KLIBANOFF, Northwestern University

DAVID AHN, University of California-Berkeley, and HALUK ERGIN, Massachusetts Institute of Technology--Unawareness and Framing

DARON ACEMOGLU, VICTOR CHERNOZHUKOV, and MUHAMET YILDIZ, Massachusetts Institute of Technology--Learning and Disagreement in an Uncertain World

MARIE-LOUISE VIERO, Cornell University--Exactly What Happens After the Anscombe-Aumann Race? Representing Preferences in Vague Environments

ERAN HANANY, Tel Aviv University, and PETER KLIBANOFF, Northwestern University--Updating Preferences with Multiple Priors


Jan. 6, 10:15 am
ES

Trade and Productivity

Presiding: FABRIZIO PERRI, University of Minnesota

DAVID BENJAMIN, University of Southampton, and FELIPE MEZA, Universidad Carlos III--Manufactured TFP Drops

SANGEETA PRATAP, Hunter College, and CARLOS URRUTIA, Instituto Tecnologico Autonoma de Mexico--Credit Constraints, Firm Dynamics and the Transmission of External Financial Shocks

TIMOTHY J. KEHOE, University of Minnesota and Federal Reserve Bank of Minneapolis, and KIM J. RUHL, University of Texas--Sudden Stops, Sectoral Reallocations, and Real Exchange Rates

LAURA ALFARO, Harvard University, AREENDAM CHANDA, Louisiana State University, SEBNEM KALEMLI-OZCAN, University of Houston and NBER, and SELIN SAYEK, Bilkent University--How Does Foreign Direct Investment Promote Economic Growth?


Jan. 6, 10:15 am
ES

Measuring Welfare Gains

Presiding: FEDERICO RAVENNA, University of California-Santa Cruz

KENICHI UEDA, International Monetary Fund, and ROBERT M. TOWNSEND, University of ChicagoWelfare Gains of Financial Liberalization

SANJAY K. CHUGH and DAVID M. ARSENEAU, Federal Reserve BoardOptimal Fiscal and Monetary Policy with Costly Wage Bargaining

EVAN W. ANDERSON, Northern Illinois University, LARS PETER HANSEN, University of Chicago and NBER, and THOMAS J. SARGENT, New York University and NBERSmall Noise Methods for Risk Sensitive/Robust Economies

FEDERICO RAVENNA, University of California-Santa CruzInflation Targeting and the Great Moderation

Discussants: LUCA SESSA, Banca d'Italia and Universitat Pompeu Fabra
KESHAB BHATTARAI, University of Hull


Jan. 6, 10:15 am
EHA

Technical Change in Historical Perspective

Presiding: JEREMY ATACK, Vanderbilt University

MICHELLE ALEXOPOULOS and JON COHEN, University of TorontoBelieve It or Not! The 1930s Was a Technologically Progressive Decade

ALEXANDER J. FIELD, Santa Clara UniversityThe Origins of U.S. Productivity Growth in the Golden Age

TODD C. NEUMANN, University of ArizonaLabor Demand and the Production of Retail Service in the Early 20th Century: The Automobile and Radio as Factor Based Technological Innovations

WILLIAM H. PHILLIPS, University of South CarolinaCapital Intensity in Cotton Gin Manufacturing: The Postbellum Revival of the Southern Industry

Discussants: ALEXANDER J. FIELD, Santa Clara University
JEREMY ATACK, Vanderbilt University
WERNER TROESKEN, University of Pittsburgh
ROBERT MARGO, Boston Universitsy


Jan. 6, 10:15 am
ESA

Experimental Political Economy (C9)

Presiding: TIM SALMON, Florida State University

CHARLES BARRILLEAUX, JUSTIN ESAREY, and TIM SALMON, Florida State University--What Motivates Political Preferences? Self-Interest, Ideology, and Fairness in a Laboratory Democracy

JACOB K. GOEREE and LEEAT YARIV, California Institute of Technology--Evaluating the Effects of Informing the Electorate: A Laboratory Study

ALESSANDRA CASSELLA, Columbia University, THOMAS PALFREY, Princeton University, and RAYMOND RIEZMAN, University of Iowa--Minorities and Storable Votes

DANIEL HOUSER and THOMAS STRATMANN, George Mason University--Selling Favors in the Lab: Experiments on Campaign Finance Reform

Discussants: GARY BOLTON, Pennsylvania State University
DAVID COOPER, Case Western Reserve University
JOHN LIGHTLE, Ohio State University
YAN CHEN, University of Michigan


Jan. 6, 10:15 am
HES

Chicago Economics in Historical and Philosophical Perspective (B2)

Presiding: STEVE MEDEMA, University of Colorado-Denver

ROSS B. EMMETT, Michigan State University--Did the Chicago School Reject Frank Knight?

DEIRDRE MCCLOSKEY, University of Illinois-Chicago--Good Old Chicago and Ethics

DAVID M. LEVY, George Mason University, and SANDRA PEART, Baldwin-Wallace College--George Joseph Stigler: The Enduring Contribution

ERIC SCHLIESSER, Syracuse University and Leiden University--Friedman, Positive Economics, and the Chilean Chicago Boys

Discussants: PHILIP E. MIROWSKI, Notre Dame University
DANIEL HAMMOND, Wake Forest University


Jan. 6, 10:15 am
IOS

Recent Developments in Antitrust Analysis (L4)

Presiding: JOHN KWOKA, Northeastern University

YONGMIN CHEN, University of Colorado-Boulder--Dynamic Price Discrimination with Asymmetric Firms

MARTIN GAYNOR, Carnegie Mellon University--A Competition Index for Differentiated Product Oligopoly with an Application to Hospitals

JOSEPH HARRINGTON, Johns Hopkins University--Modeling the Birth and Death of Cartels with an Application to Evaluating Antitrust Policy

SIMON WILKIE, University of Southern California--The Wholesale Market for Network Circuits: Network Topology and Market Definition

Discussants: JAMES DANA, Northwestern University.
WILLIAM ENCINOSA, Agency for Healthcare Research and Quality.
STEPHEN MARTIN, Purdue University.
JOHN KWOKA, Northeastern University.


Jan. 6, 10:15 am
IAEE

Current Issues in Energy Economics and Energy Modeling (Q4)

Presiding: CAROL DAHL, Colorado School of Mines

ALIREZA TEHRANI NEJAD M. and VALRIE SAINT-ANTONIN, Institut Francais du Ptrole--Allocation of CO2 Emissions in Petroleum Refineries to Petroleum Joint Products: A Case Study

LESTER C. HUNT, University of Surrey, and FREDERICK L. JOUTZ, George Washington University--Modeling Underlying Trends in OECD Energy Demand: Deterministic Vs. Stochastic?

BENJAMIN F. BLAIR and JON P. REZEK, Mississippi State University--The Effects of Hurricane Katrina on Price Pass Through in Gulf Coast Gasoline Markets

YOUNGHO CHANG and QIYAN ONG, National University of Singapore--Consumption Efficiency and Deregulated Electricity Market

Discussants: DONALD A. HANSON, Argonne National Laboratory
CLIFTON T. JONES, Stephen F. Austin State University
YOUNG YOO, Federal Energy Regulatory Commission
LYNNE KIESLING, Northwestern University


Jan. 6, 10:15 am
IAFFE

Gender, China, and the WTO (P3)

Presiding: XIAO-YUAN DONG, University of Winnipeg

GUNSELI BERIK, University of Utah--Chinas Economic Transformation and Feminist Economics

GALE SUMMERFIELD, University of Illinois-Urbana-Champaign--Rural Development and Gender Realities in China: A Case Study of Population Control and Land Rights Reforms in Northern Liaoning

XIAO-YUAN DONG, University of Winnipeg--Economic Restructuring and Gender Differences inProductivity and Wages: Evidence from Chinas Industrial Enterprises

YANA VAN DER MEULEN RODGERS, Rutgers UniversityStructural Change and Competition with China: Implications for Female Workers in Cambodias Textiles and Garment Industries

Discussants: JOYCE JACOBSEN, Wesleyan University
JAMES W. HUGHES, Bates College


Jan. 6, 10:15 am
ITFA

Current Issues in Globalization (F0)

Presiding: JOHN T. EVANS, Long Island University

DRUSILLA BROWN, HENRIETTA LAKE, and ADAM BUNNELL, Tufts UniversityHuman Resource Management Practices and Apparel Factory Performance in Global Supply Chains

ARNAB K. BASU and ROBERT HICKS, College of William and MaryLabel Transparency and the Willingness-to-Pay: Do Fair Trade Campaigns Efficiently Value Public Goods?

STEVEN SURANOVIC, George Washington UniversityCan Fair Trade Product Promotion Sustain Higher Wages?

DON P. CLARK, University of Tennessee -- Distance and Intraindustry Trade

Discussants: JUDITH M. DEAN, U.S. International Trade Commission
GIOVANNI FACCHINI, University of Illinois
NANCY CHAU, Cornell University
WENDY TAKACS, University of Maryland-Baltimore County


Jan. 6, 10:15 am
KAEA

Topics in Empirical Labor Economics (J2)

Presiding: DONGHOON LEE, New York University

CHEOLSUNG PARK, National University of Singapore--Marriage Market, Parents Bargaining Powers, and Childrens Nutrition and Education

YONGIL JEON, Central Michigan University, SANG-YOUNG RHYU, Yonsei University, and MICHAEL SHIELDS, Central Michigan University--Asian Demographic Transition and Relative Cohort Size: An Instrumental Variables Panel Approach

SANGHOON LEE, University of British Columbia-- The Timing of Signaling: To Study in High School or in College

HYEOK JEONG and YONG KIM, University of Southern California--Complementarity and Transition to Modern Economic Growth

Discussants: SANG-YOUNG RHYU, Yonsei University
HYEOK JEONG, University of Southern California
DONGHOON LEE, New York University
YONGSUNG CHANG, Seoul National University


Jan. 6, 10:15 am
LERA

Labor and Employment Issues for Activated and Returning Military Personnel

Presiding: BRIAN CLAUSS, Arbitrator/Mediator/Attorney

IGNAICO MARAMBA, Maramba & Associates--The Activated Soldier and Advice to Employers

LUIS MARTINEZ, Cook County Bureau of Human Resources--Best Practices for the Activated and Returning Military

SEAN SMOOT, Policemans Benevolent and Protective Association--The Activated Military and the Labor Perspective

RODNEY DRISCOLL, Favaro & Gorman, Ltd.--Tax and Benefit Implications of Military Activation

TOM AIELLO, Monster Military--Helmets to Hardhats


Jan. 6, 10:15 am
LERA

Future of Retirement Income Security: Selections from the 2007 LERA Research Volume

Presiding: SHARON HERMES, U.S. Government Accountability Office

BETH ALMEIDA, International Association of Machinists and Aerospace Workers--Multiemployer Plans: Plan Design for the Future

JEFFREY WENGER, University of Georgia--Health Insurance and Older Workers Labor Force Participation

RON BLACKWELL, AFL-CIO--Unions and Pensions

CHRISTIAN WELLER, Center for American Progress, and TERESA GHILARDUCCI, University of Notre Dame--Policies for Americas Retirement Future: What Role Should the Employer Have?

Discussants: DOUG ORR, Eastern Washington University
TODD ELDER, University of Illinois-Urbana-Champaign


Jan. 6, 10:15 am
LERA

The Politics of Evaluation: Lessons from the Evaluations of Workplace Dispute Resolution
Programs

Presiding: ARTHUR PEARLSTEIN, Creighton University

DAVID LEWIN, University of California-Los Angeles--ADR Outcomes and Political Implications

LISA B. BINGHAM, Indiana University--The Top Ten Political Problems in Evaluating Workplace Programs

DAVID LIPSKY, ARIEL AVGAR, and RONAL L. SEEBER, Cornell University--The Politics of Evaluating Workplace Dispute Resolution Programs: Perspectives from the Public Sector

Discussants: MARY ROWE, Massachusetts Institute of Technology
OLIVER QUINN, Prudential Financial


Jan. 6, 10:15 am
MEEA

Savings, Social Security, and Poverty (D9, H5, I3, O1)

Presiding: AYLIN SECKIN, Istanbul Bilgi University, Turkey

JEHAD YASIN, Fort Valley State University--Demographic Structure and Private Savings: Some Evidence from Emerging Markets

H. YIGIT AYDEDE, University of Delaware--Saving, Public Social Security and Life-Cycle Theory: New Evidence from An Emerging Country, Turkey

MARCO MISSAGLIA, Universit degli Studi di Pavia, Italy, and PAUL DE BOER, Erasmus University, Rotterdam--Poverty and Income Distribution Analysis in Palestine: Linking a Micro-Simulation and a Computable General Equilibrium Model

A. BENHABIB and T. ZIANI, University of Tlemcen, Algeria--The Analysis of Poverty Dynamics in Algeria: A Multidimensional Approach

MASOULD NILI, Sharif University of Technology, IranAddressing the Growth Failure of the Oil Exporting Countries: The Role of Government Activities

Discussants: SAZIYE GAZIOGLU, Middle East Technical University, Turkey, and University of Aberdeen
FATMA DOGRUEL, Marmara University, Turkey
DOAA M. SALMAN, October University of Modern Science and Arts, Egypt
YOUSRA HAMED, International Labor Organization
MEHMET SERKAN TOSUN, West Virginia University


Jan. 6, 10:15 am
NABE

International Capital Flows: Measurement, Implications, and Policy Analysis

Presiding: CATHERINE L. MANN, Brandeis University and Institute for International Economics

MENZIE D. CHINN, University of Wisconsin--Is There a Global Savings Glut?

BRAD SETSER, Roubini Global Economics and University College, Oxford--Debtor-Creditor Discrepancy in Official Financing

JOHN H. ROGERS, Federal Reserve Board, and CHARLES ENGEL--The U.S. Current Account Deficit and the Expected Share of World Output

RICARDO CABALLERO, EMANUEL FARHI, Massachusetts Institute of Technology, and PIERRE-OLIVIER GOURINCHAS, University of California-Berkeley--An Equilibrium Model of Global Imbalances and Low Interest Rates

Discussants: CATHERINE L. MANN, Brandeis University and Institute for International Economics
ANNA WONG, University of Chicago and Institute for International Economics


Jan. 6, 10:15 am
NAEE/NCEE

High School Economics: Issues in Teaching and Student Outcomes (A2)

Presiding: WILLIAM BOSSHARDT, Florida Atlantic University

DAVID M. LANG, California State University-Sacramento--Using Box Office Revenues in the Economics Classroom: An Experiment

MICHAEL C. KIMMITT and KIMBERLY M. BURNETT, University of Hawaii-Manoa--Determinants of Success in High School Economics: Lessons from the Field

CHIARA GRATTON-LAVOIE and ANDREW GILL, California State University-Fullerton--Retention of High School Economics Knowledge and the Effect of the California State Mandate

ALISON BUTLER, Willamette University--The Illusion of Objectivity: Implications for What and How We Teach Economics

Discussants: MARY SUITER, University of Missouri-St. Louis
TOM SMITH, University of Illinois-Chicago
RICHARD C. SCHIMING, Minnesota State University-Mankato
SUE LYNN SASSER, University of Central Oklahoma


Jan. 6, 10:15 am
NAFE

Forensic Economics III (K4)

Presiding: DWIGHT STEWARD, Econ One Research Group

DAVID H. CISCEL, University of Memphis--Hidden Perils of Calculating the Present Value of Life Care Plans

PATRICK L. ANDERSON, ILHAN K. GECKIL, and NICOLE FUNARI, Anderson Economic Group LLC--Essential Factors in Business Valuation and Commercial Damages

ARTHUR A. EUBANK, JR., Eubank Economics, Inc., and DAVID G. TUCEK, Value Economics--Expert Economic Testimony: Similarities and Differences in Regulatory and Civil Litigation Proceedings

Discussants: MARC A. WEINSTEIN, Team Economics
WILLIAM M.G. PEARSON, Spectrum Economics
CARL F. LUFT, DePaul University


Jan. 6, 10:15 am
NAEFA

International Finance (F3)

Presiding: GEORGE G. KAUFMAN, Loyola University Chicago

GEORGE M. VON FURSTENBERG, Indiana University--The Economics of Offshore Financial Services and the Choice of Tax, Currency, and Exchange Rate Regimes

ALEXANDER J. KONDONASSIS, University of Oklahoma, and ANASTASIOS G. MALLIARIS, Loyola University of Chicago--The Global Monetary System and the Role of Global Currencies

MUHAMMAD MUSTAFA, South Carolina State University, and MATIUR RAHMAN, McNeese State University--Bilateral Trade with the U.S. and Exchange Rate Dynamics: Evidence from India, Japan, Malaysia, S. Korea and Thailand

RYAN STEVER and JAMES A. WILCOX, University of California-Berkeley--Regulatory Discretion and Banks Pursuit of Safety in Similarity

Discussants: ROBERT DEYOUNG, Federal Deposit Insurance Corporation
KWAN KIM, University of Notre Dame
LUCJAN ORLOWSKI, Sacred Heart University


Jan. 6, 10:15 am
SGE

Issues in Financial Markets

Presiding: MIKE PIWOWAR, U.S. Securities and Exchange Commission

BAHATTIN BUYUKSAHIN and MICHAEL S. HAIGH, U.S. Commodity Futures Trading Commission--Error Trades in Futures Markets

CONRAD CICCOTELLO, JASON GREENE, Georgia State University, and LORI WALSH, U.S. Securities and Exchange Commission--Mutual Fund Supermarkets and the Boundaries of Financial Intermediation

GREGORY P. NINI, Federal Reserve Board, and DAVID C. SMITH, University of Virginia--Loan Renegotiations

Discussants: OLIVER HANSCH, Goldman Sachs and Co.
AMIR SUFI, University of Chicago
HARVEY WESTBROOK, UNX Corp.


Jan. 6, 10:15 am
URPE

Reconstituted Social Structures of Accumulation: Macroeconomics, Profits, Finance,
and Performance (P1)

Presiding: DORENE ISENBERG, University of Redlands

DORENE ISENBERG, University of RedlandsFinancial Renovation and the Rise of a New SSA

DAVID M. KOTZ, University of Massachusetts-Amherst-- Identifying the Cause of Capitalist Crises in Two Regimes: The Different Sources of Profit Rate Declines in Regulated versus Neoliberal Capitalism

VICTOR LIPPIT, University of California-Riverside-- Financial Innovation and SSA Formation in the 21st Century

PHILLIP OHARA, Curtin UniversityThe Index of System Contradiction and Social Structures of Accumulation in the U.S. and China

Discussants: MARTIN WOLFSON, University of Notre Dame
MINQI LI, University of Utah


Jan. 6, 10:15 am
URPE

Topics in Marxian Economics (B2)

Presiding: JIM DEVINE, Loyola University-Los Angeles

ERIK OLSEN, University of Missouri-Kansas CityUnproductive Activity and Endogenous Technological Change in a Marxian Model of Economic Growth

BOKHYUN CHO, Hanbat National University, South KoreaThe Nature of Financial Capital and The Finance-led Accumulation Regime

JUSTIN A. ELARDO, Ohio State UniversityMarx, Marxists, and Economic Anthropology

EMLYN F. NARDONE, Centre for Innovation and Structural Change (CISC), National University of Ireland, Republic of IrelandIntegrating Transnational Classes into the Social Structure of Accumulation (SSA) Framework

Discussants: ERIK OLSEN, University of Missouri-Kansas City
JIM DEVINE, Loyola University, Los Angeles


Jan. 6, 12:30 pm
AEA

Luncheon Honoring the 2005 Nobel Laureates in Economics, Thomas Schelling and
Robert Aumann

Presiding: THOMAS SARGENT, New York University

DAVID KREPS, Stanford University


Jan. 6, 12:30 pm
AREUEA

Presidential Luncheon

Presiding: RICHARD GREEN, George Washington University

STEPHEN MALPEZZI, University of Wisconsin


Jan. 6, 12:30 pm
LERA

Presidential Luncheon

Presiding: EILEEN B. HOFFMAN, FMCS

DAVID LIPSKY, Cornell University


Jan. 6, 2:30 pm
AFEA

Growth, Integration and Convergence in African Countries

Presiding: AKPAN H. EKPO, University of Uyo, Nigeria

MESHACK AZIAKPONO, Rhodes University, South AfricaFinancial and Monetary Autonomy and Interdependence between South Africa and the Other SACU Countries

ANDREW OJEDE, Kansas State UniversityThe Impact of Trade and Exchange Rate Reforms on Trade Balances of Sub-Saharan African Countries: A Dynamic Panel Data Modeling Technique using the GMM Procedure

DANIEL GBETNKOM, University of Yaounde II, CameroonEconomic Reforms and Real Convergence in the West African Economic and Monetary Union

LEONCE NDIKUMANA, University of MassachusettsPotential for Regional Capital Market Development and Integration in Africa: Issues and Challenges

Discussants: WAYNE NAFZIGER, Kansas State University
KWABENA GYMAH-BREMPONG, University of South Florida
UNA OKONKWO OSILI, Indiana University-Purdue University-Indianapolis
ELIZABETH ASIEDU, University of Kansas


Jan. 6, 2:30 pm
AAEA

Urban Sprawl: Consequences and Policy Approaches (Q1)

Presiding: SEONG-HOON CHO, University of Tennessee

ANDREW J. PLANTINGA, Oregon State University, and STEPHANIE BERNELL--The Association between Urban Sprawl and Obesity: Is It a Two-Way Street?

JUNJIE WU, Oregon State University--How Does Urbanization Affect Local Public Finance and Communities?

SEONG-HOON CHO and ROLAND K. ROBERTS, University of Tennessee--The Cure for Urban Sprawl: Balance between Neighborhood Density and Lot Size for Housing.

Discussant: RANDALL P. WALSH, University of Colorado


Jan. 6, 2:30 pm
AEA

Search-and-Matching Financial Markets (G1)

Presiding: PIERRE-OLIVIER WEILL, New York University

NICOLE GRLEANU, University of PennsylvaniaPortfolio Choice and Pricing in Illiquid Markets

RICARDO LAGOS, New York University and Federal Reserve Bank of Minneapolis, and GUILLAUME ROCHETEAU, University of Pennsylvania and Federal Reserve Bank of ClevelandSearch in Asset Markets

DARRELL DUFFIE and GUSTAVO MANSO, Stanford UniversityInformation Transmission in Large Populations

Discussants: DIMITRI VAYANOS, London School of Economics
NEIL WALLACE, Pennsylvania State University
MANUEL AMADOR, Stanford University


Jan. 6, 2:30 pm
AEA

Religion and Fertility (Z1)

Presiding: LAURENCE IANNACCONE, George Mason University

ELI BERMAN, University of California-San Diego, LAURENCE IANNACCONE, George Mason University, and GIUSEPPE RAGUSA, Rutgers UniversityFrom Empty Pews to Empty Cradles: Fertility Decline among European Catholics

ALICIA ADSERA, University of Illinois-ChicagoMarital Fertility and Religion in Spain

SRIYA IYER, Cambridge University, and VANI BOROOAH, University of UlsterMissing Women and Indias Religious Demography

Discussant: EDWARD GLAESER, Harvard University
EVELYN LEHRER, University of Illinois-Chicago

Jan. 6, 2:30 pm
AEA

Household Responses to Capital Income Taxation (H2)

Presiding: JULIE CULLEN, University of California-San Diego

JONATHAN GRUBER, Massachusetts Institute of TechnologyA Tax Based Estimate of the Intertemporal Elasticity of Substitution

WOODROW JOHNSON, University of Oregon, and JAMES POTERBA, Massachusetts Institute of TechnologyTaxes and Trading Behavior of Mutual Fund Investors Around Fund Distributions: Account-Level Evidence

WOJCIECH KOPCZUK, Columbia UniversityBequest and Tax Planning: Evidence from Estate Tax Returns

MARIKA SANTORO, Congressional Budget OfficeA Stylized Tax Reform in Presence of Precautionary Savings

Discussants: FATIH GUVENEN, University of Rochester
RAJ CHETTY, University of California-Berkeley
KATHLEEN MCGARRY, University of California-Los Angeles
KENT SMETTERS, University of Pennsylvania


Jan. 6, 2:30 pm
AEA

Banking

Presiding: WAN-RU YANG, University of California-Santa Barbara

WAN-RU YANG, University of California-Santa BarbaraSignal Effect, Herd Behavior and the Trigger Time of Bank Runs

AMAR GANDE, Vanderbilt University, EDWARD ALTMAN, and ANTHONY SAUNDERS, New York UniversityInformational Efficiency of Loans versus Bonds: Evidence from Secondary Market Prices

DAVID SKEIE, Federal Reserve Bank of New YorkMoney and Modern Banking without Bank Runs


Jan. 6, 2:30 pm
AEA

Earnings Volatility and Its Implications (J3)

Presiding: ROBERT MOFFITT, Johns Hopkins University

PETER GOTTSCHALK, Boston College, and ROBERT MOFFITT, Johns Hopkins UniversityTrends in Earnings Volatility in the U.S.

RICHARD BLUNDELL, COSTAS MEGHIR, University College London, and JEAN-MARC ROBIN, University of Paris I and University College LondonIncome Inequality and the Persistence of Idiosyncratic Shocks

FLAVIO CUNHA and JAMES HECKMAN, University of ChicagoThe Evolution of Labor Earnings Risk in the U.S. Economy

TEKABE BELAY, Yale UniversityRainfall Shocks, Schooling, Health and Child Labor in Rural Ethiopia

Discussants: JOSEPH TRACY, Federal Reserve Bank of New York
MICHAEL BAKER, University of Toronto
KENNETH WOLPIN, University of Pennsylvania


Jan. 6, 2:30 pm
AEA

International Banking and International Capital Flows (F3)

Presiding: LINDA GOLDBERG, Federal Reserve Bank of New York

MARIA PIA OLIVERO, Drexel UniversityTrade, Non-Competitive Banking and the International Transmission of Business Cycles

NICOLA CETORELLI and LINDA GOLDBERG, Federal Reserve Bank of New YorkDo U.S. Banks Transmit Business Cycles Internationally, or React to Them?

P. MARCELO OVIEDO, Iowa State UniversityThe Macroeconomics of Financially Intermediated Small Open Economies

CLAUDIA BUCH and SVEN BLANK, University of TuebingenCross-Border Banking and the International Transmission of Business Cycles

Discussants: JONATHAN HEATHCOTE, Georgetown University
ENRIQUE MENDOZA, University of Maryland
PHILIP STRAHAN, Boston College
RICHARD ROSEN, Federal Reserve Bank of Chicago


Jan. 6, 2:30 pm
AEA

Case Studies in the Transition from Financial Theory to Business Practice (G2)

Presiding: JOHN AMERIKS, Vanguard Group

ROBERT SHILLER, Yale UniversityMacro Securities

ANDREW CAPLIN, New York University, FREDERICK POLLOCK, PCM Asset Management, and TRIVIKRAMAN THAMPY, New York UniversityShared Equity Mortgages

PETER TUFANO, Harvard Business SchoolFinancial Innovations That Facilitate Asset Building by the Less Well-Off


Jan. 6, 2:30 pm
AEA

Poster Session on Teaching Ideas and Projects (A2)

Presiding: RAE JEAN B.GOODMAN, U.S. Naval Academy

WAYNE JOERDING, Washington State UniversityCollaborative Assignments without Regrets

PAVEL KAPINOS, Carleton CollegeUsing Excel to Teach New Keynesian Economics

MAUREEN KILKENNY, University of Nevada-RenoAn Experimental Market for the Classroom to Test if Speculators Stabilize Prices

CARSTEN LANGE, California State Polytechnic UniversityThe Hogwarts System: An Internet Based Utility to Foster Students Active Class Participation and Attendance

MARY LOPEZ, Occidental CollegeService or Community-Based Learning Projects

MICHAEL A. QUINN, Bentley CollegeAn On-Line Scavenger Hunt with Blackboard

JEAN SHACKELFORD, Bucknell UniversityiPods in Economics? Technology for Enhancing Active Learning

NEIL SHEFLIN, Rutgers University-New BrunswickThe End of Teaching? The Use of Active Technology in the Large Introductory Economics Class

JOHN Z. SMITH, New York UniversityActive Learning Exercises for Microeconomic Theory

SUE STOCKLY, Eastern New Mexico UniversityDemand Analysis with Real DataA Written Assignment for Intermediate Microeconomics

JONATHAN B. WIGHT, University of RichmondTop Ten Lessons on Ethics in Economics: The Templeton/NCEE Project


Jan. 6, 2:30 pm
AEA

News, Expectations and Business Cycles (E3)

Presiding: SERGIO REBELO, Northwestern University

PAUL BEAUDRY, University of British Columbia, FABRICE COLLARD, and FRANCK PORTIER, University of ToulouseExpectations of New Markets and Business Cycles

LAWRENCE CHRISTIANO, Northwestern University, ROBERT MOTTO, and MASSIMO ROSTAGNO, European Central BankMonetary Policy and a Stock Market Boom-Bust Cycle

MONIKA PIAZZESI, University of Chicago, and MARTIN SCHNEIDER, New York UniversityExpectations and Asset Prices with Heterogeneous

NIR JAIMOVICH, University of California-San Diego, and SERGIO REBELO, Northwestern UniversityCan News About the Future Drive the Business Cycle?

Discussants: LAWRENCE CHRISTIANO, Northwestern University
NIR JAIMOVICH, University of California-San Diego
PAUL BEAUDRY, University of British Columbia
MARTIN SCHNEIDER, New York University


Jan. 6, 2:30 pm
AEA

Antitrust and Competition Policy

Presiding: JOHN CONNOR, Purdue University

JOHN CONNOR, Purdue UniversityEffectiveness of Antitrust Sanctions on International Private Cartels

MIKA KATO, Howard UniversityA Framework for Analyzing the Antitrust Safety Zone

MARTA TROYA MARTINEZ, OECDInternational Competition Policy: The Coordination of National Competition Authorities

YANHUA ZHANG, University of ToulouseForward Contracts and Collusion in the Electricity Market

Discussants: To be announced.


Jan. 6, 2:30 pm
AEA

Social Norms, Culture and Institutional Evolution (N3)

Presiding: MURAT IYIGUN, University of Colorado and IZA

MARISTELLA BOTTICINI, Collegio Carlo Alberto, Universita di Torino, and Boston University, and ZVI ECKSTEIN, University of Minnesota and Tel Aviv UniversityFrom Farmers to Merchants, Voluntary Conversions and the Diaspora: A Human Capital Interpretation of Jewish History

ANN CARLOS, University of Colorado, and LARRY NEAL, University of Illinois-Urbana-ChampaignWomen, Property and Securities in the City of London, 1720-1725

MURAT IYIGUN, University of Colorado and IZAOttoman Conquests and European Ecclesiastical Pluralism

Discussants: JOEL MOKYR, Northwestern University
MARISTELLA BOTTICINI, Collegio Carlo Alberto, Universita di Torino, and Boston University
ANN CARLOS, University of Colorado


Jan. 6, 2:30 pm
AEA

Factor Endowments, Relative Prices, and International Trade (F1)

Presiding: ROBERT FEENSTRA, University of California-Davis and NBER

KLAUS DESMET, University Carlos III, and STEPHEN L. PARENTE, University of Illinois-Urbana-ChampaignBigger is Better: Market Size, Demand Elasticity and Resistance to Technology Adoption

PAUL BERGIN, University of California-Davis and NBER, GORDON HANSON, University of California-San Diego and NBER, and ROBERT FEENSTRA, University of California-Davis and NBEROutsourcing and Volatility

CHRISTIS TOMBAZOS, Monash UniversitySpecialization, the Intermediate Nature of Traded Products, and Wage Inequality

GEORGE ALESSANDRIA, Federal Reserve Bank of Philadelphia, and HORAG CHOI, University of AucklandFirm Heterogeneity, Export Participation, and Trade Reform

Discussants: IGOR LIVSHITS, University of Western Ontario
THOMAS CHANEY, University of Chicago
HOWARD SHATZ, Rand Corporation
` KIM J. RUHL, University of Texas-Austin


Jan. 6, 2:30 pm
AEA

Macro Fluctuations and Micro Adjustment Costs (E3)

Presiding: JOHN HALTIWANGER, University of Maryland

RICARDO CABALLERO, Massachusetts Institute of Technology, EDUARDO ENGEL, and RUEDIGER BACKMANN, Yale UniversityLumpy Investment in Dynamic General Equilibrium

ANIL KASHYAP, University of Chicago, and FRANCOIS GOURIO, Boston UniversityDoes Investment Lumpiness Matter for Aggregate Dynamics?

NICK BLOOM, Stanford UniversityThe Impact of Uncertainty-Shocks: A Firm-Level Estimation and a 9/11 Simulation

Discussants: JOHN LEAHY, New York University
RUSSELL COOPER, University of Texas
JANICE EBERLY, Northwestern University


Jan. 6, 2:30 pm
AEA

Political Economy of Environmental and Trade Policy (F1)

Presiding: SUMEET GULATI, University of British Columbia

CLAUSTRE BAJONA, University of Miami, and JOSH EDERINGTON, University of KentuckyDomestic Policies, Hidden Protection and the GATT/WTO

JOHN LIST, University of Chicago, DANIEL MILLIMET, Southern Methodist University, and MICHAEL PRICE, University of Nevada-RenoCanadian/U.S. Softwood Timber Trade Dispute: An Examination of Resolutions and Steps Forward

EMMA AISBEST, LARRY KARP, University of California-Berkeley, and CAROL MCAUSLAND, University of MarylandRegulatory Takings and Environmental Regulation in NAFTAs Chapter 11

MATTHEW COLE, University of Birmingham, and PER FREDERIKSSON, University of LouisvilleInstitutionalized Pollution Havens

Discussants: BRIAN COPELAND, University of British Columbia
JOSH EDERINGTON, University of Kentucky
SUMEET GULATI, University of British Columbia
DANIEL MILLIMET, Southern Methodist University


Jan. 6, 2:30 pm
AEA

Looking Down the Pipeline: Female Economists in the Making (In Honor of CSWEPs
35th Anniversary)

Presiding: LISA LYNCH, Tufts University

KAREN DYNAN, Federal Reserve Board

MARIANNE JOHNSON, University of Wisconsin-Oshkosh

ANN OWEN, Hamilton College

MARTHA STARR, American University

CATHERINE WEINBERGER, University of California-Santa Barbara


Jan. 6, 2:30 pm
AEA

Strategic Reporting in Online Feedback Mechanisms (L1)

Presiding: HAL R. VARIAN, University of California-Berkeley

LUIS M.B. CABRAL, New York University, and ALI HORTASU, University of ChicagoThe Dynamics of Seller Reputation: Evidence from eBay

CHRYSANTHOS DELLAROCAS, Massachusetts Institute of Technology, and CHARLES A. WOOD, University of Notre DameThe Sound of Silence in Online Feedback: Estimating Trading Risks in the Presence of Reporting Bias

TOBIAS J. KLEIN, CHRISTIAN LAMBERTZ, University of Mannheim, GIANCARLO SPAGNOLO, CONSIP and Stockholm School of Economics, and KONRAD O. STAHL, University of MannheimLast Minute Feedback

Discussants: KONRAD O. STAHL, University of Mannheim
GIANCARLO SPAGNOLO, CONSIP and Stockholm School of Economics
CHARLES A. WOOD, University of Notre Dame


Jan. 6, 2:30 pm
AEA

Consumer-Directed Health Care: A Wise Choice? (H5)

Presiding: DANIEL MCFADDEN, University of California-Berkeley

DAVID LAIBSON, Harvard UniversityCan Consumers Make Wise Health Care Choices?

JOACHIM WINTER, FLORIAN HEISS, University of Munich, and DANIEL MCFADDEN, University of California-BerkeleyMind the Gap! Consumer Perceptions and Choices of Medicare Part D Prescription Drug Plans

DAVID WEIR and HELEN LEVY, University of MichiganThe Demand for Prescription Drugs and Medicare Part D: Evidence from the Health and Retirement

MICHAEL HURD, ARIE KAPTEYN, SUSANN ROHWEDDER, and ARTHUR VAN SOEST, RAND CorporationKnowledge of Drug Costs and Prescription Drug Insurance Plan Preferences

Discussants: ALAN KRUEGER, Princeton University
AMY FINKELSTEIN, Massachusetts Institute of Technology
DANA GOLDMAN, RAND Corporation
ANNE HALL, Federal Reserve Board


Jan. 6, 2:30 pm
AEA

Unemployment in Transition Economies: Why So High? (J6)

Presiding: ORLEY ASHENFELTER, Princeton University

OLIVIER BLANCHARD, Massachusetts Institute of Technology, and SIMON COMMANDER, London Business SchoolWhy is Unemployment So High in Eastern Europe? The Role of Initial Conditions versus Labor Market Institutions

STEPHEN JURAJDA, CERGE-EI, and KATHERINE TERRELL, University of MichiganWhy is Unemployment in Central and Eastern Europe So High Today?

DANIEL MUNICH, CERGE-EI, and JAN SVEJNAR, University of MichiganThe Efficiency of Employer-Worker Matching in the East and West

GUILIA FAGGIO, London School of EconomicsJob Destruction, Job Creation and Unemployment in Transition Economies: What Can Be Learned?

Discussants: RICHARD FREEMAN, Harvard University
GABOR KEZDI, Central European University
HARTMUT LEHMANN, University of Bologna
STEFANO SCARPETTA, World Bank


Jan. 6, 2:30 pm
AEA

A Productive Decade: A Retrospective on the U.S. Productivity Resurgence (O4)

Presiding: DANIEL SICHEL, Federal Reserve Board

DALE JORGENSON, Harvard University, and KEVIN STIROH, Federal Reserve Bank of New YorkA Retrospective on the U.S. Productivity Resurgence: Changing Views and Policy Implications

BARRY P. BOSWORTH and JACK E. TRIPLETT, Brookings InstitutionIs the 21st Century Productivity Expansion Still in Services? And What Should Be Done About It?

BART VAN ARK, ROBERT INKLAAR, and MARCEL P. TIMMER, University of GroningenWhy is Productivity Growth in Europe Still Slow?

Discussants: ROBERT GORDON, Northwestern University
ERIK BRYNJOLFSSON, Massachusetts Institute of Technology
JACK TRIPLETT, Brookings Institution


Jan. 6, 2:30 pm
AEA

Is Foreign Aid Helping?

Presiding: WILLIAM EASTERLY, New York University

FRANCOIS BOURGUIGNON, World Bank

RAGHURAM RAJAN, International Monetary Fund

WILLIAM EASTERLY, New York University


Jan. 6, 2:30 pm
AEA/AERE

Valuing Morbidity and Mortality Risk Reductions (J1, I1, Q5)

Presiding: MAUREEN CROPPER, University of Maryland and World Bank

KEVIN M. MURPHY and ROBERT H. TOPEL, University of ChicagoThe Value of Health and Longevity

MICHAEL GREENSTONE, Massachusetts Institute of Technology, JANET CURRIE, Columbia University, and ENRICO MORETTI, University of California-BerkeleyAre Hazardous Waste Sites Hazardous to Human Health? Evidence from Superfund Clean-Ups and Infant Health

TRUDY ANN CAMERON, University of Oregon, and J. R. DESHAZO, University of California-Los AngelesA Generalized Model of Demand for Risk Reductions: Estimating the Value of a Statistical Illness Profile

Discussants: V. KERRY SMITH, North Carolina State University
W. KIP VISCUSI, Harvard University
DAVID MELTZER, University of Chicago


Jan. 6, 2:30 pm
AEA/NAEFA

The Andrew Brimmer Policy Forum: The Political Economy of John Kenneth
Galbraith (A1)

Presiding: ANDREW F. BRIMMER, Brimmer & Company, Inc. and University of Massachusetts-Amherst

RICHARD PARKER, Harvard University--Galbraith: Political and Economic Perspectives

J. BRADFORD DELONG, University of California-Berkeley--Assessment of Galbraiths Major Contributions to Economics

ANDREW F. BRIMMER, Brimmer & Company, Inc. and University of Massachusetts-Amherst--Galbraith at the Intersections of Politics and Economics

Discussants: BARBARA R. BERGMANN, American University
PAUL DAVIDSON, Editor, Journal of Post Keynesian Economics
JAMES K. GALBRAITH, University of Texas-Austin

Jan. 6, 2:30 pm
AEA/SPM

Income Distribution, Growth and Poverty (D3)

Presiding: STANLEY LAWSON, St. Johns University

FRED CAMPANO, Fordham University and United NationsEconomic Development and Income Distribution

DOMINICK SALVATORE, Fordham UniversityGlobalization, Growth, Income Distribution and Poverty

DOUGLAS O. WALKER, Regent UniversityPatterns of Income Distribution across the World

Discussants: SARA GORDON, St. Johns University
PELLEGRINO MANFRA, City University of New York


Jan. 6, 2:30 pm
AEA/SGE

The Distinguished Lecture on Economics in Government

Presiding: THORNTON MATHESON, U.S. Department of the Treasury

ANNE KRUEGER, Stanford University and International Monetary Fund--Multilateral Organizations and the International Economy


Jan. 6, 2:30 pm
AFA

Empirical Asset Pricing: Skeptical Perspectives

Presiding: LUBOS PASTOR, University of Chicago

MARTIN LETTAU and SYDNEY LUDVIGSON, New York UniversityEuler Equation Errors

JONATHAN LEWELLEN, Dartmouth College, STEFAN NAGEL, Stanford University, and JAY A. SHANKEN, Emory UniversityA Skeptical Appraisal of Asset Pricing Tests

LONG CHEN, Michigan State University, and SHELLY ZHAO, Kent State UniversityReturn Decomposition

Discussants: VITO GALA, University of Chicago
MOTOHIRO YOGO, Harvard University and University of Pennsylvania
TUOMO VUOLTEENAHO, Harvard University and Arrowstreet Capital, LP


Jan. 6, 2:30 pm
AFA

The Corporate Governance of Executive and Employee Compensation

Presiding: PAOLO VOLPIN, London Business School

HENRIK CRONQVIST, Ohio State University, FREDRIK HEYMAN, Research Institute of Industrial Economics, MATTIAS NILSSON, Worcester Polytechnic Institute, HELENA SVALERYD, Research Institute of Industrial Economics, and JONAS VLACHOS, Stockholm School of EconomicsDo Entrenched Managers Pay Their Workers More?

NISHANT DASS, MASSIMO MASSA, and URS PEYER, INSEADWhy Do CEOs Increase Their Equity-Based Compensation? Because They Have To

ZACHARIAS SAUTNER and MARTIN WEBER, University of MannheimCorporate Governance and the Design of Stock Option Programs

Discussants: AUGUSTIN LANDIER, University of Chicago and New York University
YANIV GRINSTEIN, Cornell University
DIRK JENTER, Massachusetts Institute of Technology


Jan. 6, 2:30 pm
AFA

Market Efficiency

Presiding: JOHN GRIFFIN, University of Texas-Austin

UPTAL BHATTACHARYA and NEAL GALPIN, Indiana University-BloomingtonIs Stock Picking Declining Around the World?

EKKEHART BOEHMER, Texas A&M University, CHARLES M. JONES, Columbia University, and XIAOYAN ZHANG, Cornell UniversityWhich Shorts are Informed?

PAUL H. SCHULTZ, University of Notre DameDownward Sloping Demand Curves, the Supply of Shares, and the Collapse of Internet Stock Prices

Discussants: RANDALL MORCK, University of Alberta
INGRID WERNER, Ohio State University
WEI XIONG, Princeton University


Jan. 6, 2:30 pm
AFA

Financial Intermediation

Presiding: MANJU PURI, Duke University

NADIA ZIAD MASSOUD, University of Alberta, ANTHONY SAUNDERS, New York University, and BARRY SCHOLNICK, University of AlbertaThe Cost of Being Late: The Case of Credit Card Penalty Fees

ELENA LOUTSKINA and PHILIP E. STRAHAN, Boston CollegeSecuritization and the Declining Impact of Bank Finance on Loan Supply: Evidence from Mortgage Acceptance Rates

JOAO A.C. SANTOS and KRISTIN E. WILSON, Federal Reserve BoardDoes Banks Corporate Control Benefit Firms? Evidence from U.S. Banks Control over Firms Voting Rights

Discussants: LORETTA MESTER, Federal Reserve Bank of Philadelphia
MARK LEARY, Duke University
STEVEN DRUCKER, Columbia University


Jan. 6, 2:30 pm
AFA

IPOs

Presiding: JAY RITTER, University of Florida

TIM JENKINSON and HOWARD JONES, University of OxfordIPO Pricing and Allocation: A Survey of the Views of Institutional Investors

OZGUR S. INCE, University of FloridaWhy Do IPO Offers Prices Only Partially Adjust?

MICHAEL A. GOLDSTEIN, Babson College, PAUL J. IRVINE, and ANDY PUCKETT, University of GeorgiaPurchasing IPOs with Commissions: Theoretical Predictions and Empirical Results

Discussants: RAYMOND FISHE, University of Richmond
KATHLEEN HANLEY, Securities and Exchange Commission
JONATHAN REUTER, University of Oregon


Jan. 6, 2:30 pm
AREUEA

Commercial Mortgage Credit Risk

Presiding: KERRY VANDELL, University of Califronia-Irvine

HOON CHO, JAMES D. SHILLING, University of Wisconsin, and BRIAN A. CIOCHETTI, Massachusetts Institute of Technology--Nonlinearities in the Relation of Property Prices and Commercial Mortgage Defaults

YONGHENG DENG, XUDONG AN, University of Southern California, and ANTHONY B. SANDERS, Ohio State University--Subordination Level as a Predictor of Credit Risk

RICHARD K. GREEN, GEORGE JABBOUR, George Washington University, and YIKANG LIU, BearingPoint--The Performance of Default Risk Structural Models on Commercial Mortgages: An Empirical Investigation

WINSTON KOH, ROBERTO MARIANO, ANDREY PAVLOV, Simon Fraser University, and SUSAN WACHTER, University of Pennsylvania--Underpriced Default Spread Exacerbates Market Crashes

Discussants: MICHAEL LACOUR-LITTLE, California State University-Fullerton
TIMOTHY RIDDIOUGH, University of Wisconsin
KERRY VANDELL, University of California-Irvine
ROBERT EDELSTEIN, University of California-Berkeley


Jan. 6, 2:30 pm
AREUEA

Modeling Urban Markets

Presiding: NELA T. RICHARDSON, Freddie Mac

HUA SUN, University of British Columbia--Hyperbolic Discounting, Loss Aversion and Its Implications on Housing Market

DONALD R. HAURIN, Ohio State University, JEFFREY D. FISHER, Indiana University, DEAN GATZLAFF, Florida State University, and DAVID GELTNER, Massachusetts Institute of Technology--Indices of Demand and Supply: Estimating and Examining Their Movements in the Residential Property Market

HARRIS HOLLANS, Auburn University, CAROLYN DEHRING, University of Georgia, and NEIL DUNSE, University of Aberdeen--Public Open Space, Spatial Externalities and Housing Density

DOUGLAS JAMES KRUPKA, Georgia State University, and DOUGLAS SIMPSON NOONAN, Georgia Institute of Technology--Theoretical and Empirical Determinants of Landmark Designation: Why We Preserve What We Preserve, and Why It Matters for Assessing Policy Impacts

Discussants: RAVEN SAKS, Federal Reserve Board
STEPHEN ROSS, University of Connecticut
JOSEPH NICHOLS, Federal Reserve Board
DOUGLAS A. MCMANUS, Freddie Mac


Jan. 6, 2:30 pm
AREUEA

Home Mortgage Prepayment and Default

Presiding: ROBERT VAN ORDER, University of Michigan

SUMIT AGARWAL, Bank of America, BRENT AMBROSE, Pennsylvania State University, SOUPHALA CHOMSISENGPHET, and CHUNLIN LIU, University of Nevada--Screening for Moral Hazard and Adverse Selection: Evidence from the Home Equity Market

CHRIS A RICHARDSON, GMAC Residential--Semiparametric and Non-Parametric Estimation of Mortgage Prepayments: The Role of Credit Quality

ANTHONY PENNINGTON-CROSS, Federal Reserve Bank of St. Louis--The Duration of Foreclosures in the Subprime Mortgage Market: A Competing Risks Model with Mixing

ELLEN A. MERRY, Federal Reserve Board--The Geography of Mortgage Delinquency

Discussants: AMY CREWS CUTTS, Freddie Mac
BARBARA BUKHVALOVA, Norwegian School of Management (BI)
BRENT AMBROSE, Pennsylvania State University
PATRIC HENDERSHOTT, University of Aberdeen and San Diego State University


Jan. 6, 2:30 pm
ACES

Causes and Consequences of Gender Imbalances in Asia and Russia (J1)

Presiding: JOSH ANGRIST, Massachusetts Institute of Technology

BETSY BRAINERD, Williams College--Uncounted Costs of World War II: The Effect of Changing Sex Ratios on Marriage and Fertility of Russian Women

LENA EDLUND, DOUGLAS ALMOND, Columbia University, HONGBIN LI, and JUNSEN ZHANG, Chinese University of Hong KongLong-Term Effects of the 1959-61 China Famine: Mainland China and Hong Kong

EMILY OSTER, University of Chicago--Does Increased Access Increase Equality? Gender and Child Health Investments in India

NANCY QIAN, Brown University--Missing Women and the Price of Tea in China: The Effect of Sex-Specific Earnings on Sex Imbalance

Discussants: JOSH ANGRIST, Massachusetts Institute of Technology
MARK ROSENZWEIG, Yale University
DAVID BLOOM, Harvard University
DENNIS YANG, Virginia Tech


Jan. 6, 2:30 pm
AFEE

Pricing and Regulation (D2)

Presiding: WILLIAM BARNES, University of Portland

ALAN HUTTON, Glasgow Caledonian University, UK--An Institutionalist Model of Regulation for the UK Energy Industries?

LYNNE BOWNDS, Eastern Washington University--The Price System and Health Care in the U.S.

STEPHEN P. PASCHALL, Lovett Bookman Harmon Marks LLP --The Transition from
Planning to Markets in National Health Policy for Acute Care Hospitals: The Pittsburgh
Experience

IRINA PEAUCELLE, Paris-Jourdan Sciences Economiques--Hospital Industry: The Consequences of Reforms in ex-GDR

MARC-ANDR GAGNON, York University, Canada--Capital, Power and Knowledge According to Thorstein Veblen: Reinterpreting the Knowledge-Based Economy

Discussant: STEVEN BOLDUC, Minnesota State University-Moorhead


Jan. 6, 2:30 pm
ASE

Sustainability in Developing Countries

Presiding: SABINE O'HARA, Roanoke College

EDWARD L. FITZSIMMONS, Creighton University--Privatization and Poverty in Developing Countries

RAVI SRINIVAS, University of St. Thomas-Texas--Global Economic and Environmental Governance for Sustainable Development

UGRASEN PANDEY, Agra University, India--Shared Development through Community Action: Participatory Reforestation Efforts in Uttar Pradesh, India

B. MKWARA, Malawi Polytechnic--Globalization of Trade and Environmental Degradation in Malawi

Discussant: CHARLES WILBER, University of Notre Dame


Jan. 6, 2:30 pm
CES

Poverty Alleviation in China (I3)

Presiding: ALBERT PARK, University of Michigan

SHUBHAM CHAUDHURI and GAURAV DATT, World Bank--Has China All but Solved its Poverty Problem?

ALBERT PARK, University of Michigan, and SANGUI WANG, Renmin University--Community-based Development and Poverty Alleviation: An Evaluation of Chinas Poor Village Investment Program

SHAOHU CHEN, REN MU, and MARTIN RAVALLION, World BankAre There Lasting Impacts of a Poor Area Development Program?

ALAN DE BRAUW, International Food Policy and Research Institute, and JOHN GILES, Michigan State University--Migrant Labor Markets and the Welfare of Rural Households in China

LINXIU ZHANG, YUANYUAN YAN, Chinese Academy of Sciences, SCOTT ROZELLE, Stanford University, and LOREN BRANDT, University of Toronto--Tax-for-Fee Reform, Village Operating Budgets and Public Goods Investment in Chinas Poor Areas

Discussants: SCOTT ROZELLE, Stanford University
ALAN DEBRAUW, International Food Policy Research Institute
SHUBHAM CHAUDHURI, World Bank


Jan. 6, 2:30 pm
ES

Asset Pricing

Presiding: JESSICA WACHTER, University of Pennsylvania

RAVI BANSAL, Duke University, THOMAS TALLARINI, Federal Reserve Board, and AMIR YARON, University of Pennsylvania--The Return to Wealth, Asset Pricing, and the Intertemporal Elasticity of Substitution

LUCA BENZONI, University of Minnesota, PIERRE COLLIN-DUFRESNE, University of California-Berkeley and NBER, and ROBERT S. GOLDSTEIN, University of Minnesota and NBER--Can Standard Preferences Explain the Prices of Out-of-the-Money S&P 500 Put Options

JEROME DETEMPLE, Boston University, and MARCEL RINDISBACHER, University of Toronto--Dynamic Asset Allocation: A Portfolio Decomposition Formula and Applications

JESSICA WACHTER, University of Pennsylvania and NBER, and MISSAKA WARUSAWITHARANA, University of PennsylvaniaWhat is the Chance that the Equity Premium Varies over Time? Evidence from Predictive Regressions


Jan. 6, 2:30 pm
ES

Long-Run and Short-Run Implications of International Financial Integration

Presiding: LINDA TESAR, University of Michigan

SEBNEM KALEMLI-OZCAN, University of Houston and NBER, ARIEL RESHEF, New York University, BENT E. SORENSEN, University of Houston and CEPR, and OVED YOSHA (deceased), Tel Aviv University--Why Does Capital Flow to Rich States

VADYM VOLOSOVYCH, University of Houston--Financial Market Integration, Risk Sharing, and Institutions: Theory and Evidence

YAN BAI, Arizona State University, and JING ZHANG, University of Michigan--Financial Integration and International Risk Sharing

JUERGEN VON HAGEN, University of Bonn, Indiana University, and CEPR, and HAIPING ZHANG, University of Bonn--Financial Liberalization in a Two-Country Model

Discussants: KATHERINE SMITH, United States Naval Academy
DOIREANN FITZGERALD, University of California-Santa Cruz
LAURA ALFARO, Harvard University
HORACIO SAPRIZA, Rutgers University


Jan. 6, 2:30 pm
ES

Foreign Direct Investment: Causes and Consequences

Presiding: BRUCE BLONIGEN, University of Oregon

BIN XU, China Europe International Business SchoolForeign Investment and Chinas Export Sophistication

XUEPENG LIU, Kennesaw State University, MARY E. LOVELY, Syracuse University, and JAN ONDRICH, Syracuse University--How Much Do Low Wages Matter for Foreign Investment? The Case of China

SASCHA O. BECKER, Ludwig-Maximilians-Universitaet Munich and MARC-ANDREAS MUENDLER, University of California-San Diego--The Effect of FDI on Worker Displacement

Discussants: JAMES TYBOUT, Pennsylvania State University
ANN ELIZABETH HARRISON, University of California-Berkeley
RAYMOND ROBERTSON, Macalester College


Jan. 6, 2:30 pm
ES

Modeling Bounded Rationality in Games

Presiding: BRIAN ROGERS, California Institute of Technology

VINCENT CRAWFORD and NAGORE IRRIBERI, University of California-San Diego--Level-K Auctions

TOMOMI TANAKA and COLIN F. CAMERER, California Institute of Technology--Quantal Response Equilibrium Models of Growth Economies with Poverty Traps

TANJIM HOSSAIN, Hong Kong University of Science and Technology, and JOHN MORGAN, University of California-Berkeley--When Do Markets Tip? An Experimental Study

GABRIELE CAMERA and MARCO CASARI, Purdue University--Cooperation Among Strangers in an Indefinitely Repeated Game

Discussants: BRIAN ROGERS, California Institute of Technology
MARCO CASARI, Purdue University
TOMOMI TANAKA, California Institute of Technology
TANJIM HOSSAIN, Hong Kong University of Science and Technology


Jan. 6, 2:30 pm
ES

Housing

Presiding: DENNIS EPPLE, Carnegie Mellon University and NBER

JAMES ALBRECHT, Georgetown University, PIETER GAUTIER, Free University of Amsterdam, and SUSAN VROMAN, Georgetown University--Directed Search in the Housing Market

ANTONIO MERLO, University of Pennsylvania, FRANCOIS ORTALO-MAGNE, University of Wisconsin, and JOHN RUST, University of Maryland--Models of Bargaining and Price Determination of Residential Real Estate, with and without Real Estate Agents

DENNIS EPPLE, Carnegie Mellon University and NBER, RICHARD ROMANO, University of Florida, and HOLGER SIEG, Carnegie Mellon University and NBER--Household Life Cycle Location Choices and The Dynamics of Metropolitan Communities


Jan. 6, 2:30 pm
EHA

New Directions in Financial History

Presiding: EUGENE WHITE, Rutgers University

CARSTEN BURHOP, University of Mnster, and CHRISTIAN BAYER, University of DortmundCorporate Governance in the German Empire: A Natural Experiment for Incentive Contracts

CHARLES W. CALOMIRIS, Columbia University, and JOSEPH R. MASON, Drexel UniversityResolving the Puzzle of the Under-Issuance of National Bank Notes

CLAUDE DIEBOLT and ANTOINE PARENT, Universite Louis Pasteur de Strasbourg and Humboldt Universitt1861: Bimetallism, Regulation and Central Bank Cooperation

KRIS JAMES MITCHENER, Santa Clara University, and MARC WEIDENMIER, Claremont McKenna CollegeDid the Gold Standard Matter for Sovereign Spreads?

Discussants: EUGENE WHITE, Rutgers University
HUGH ROCKOFF, Rutgers University


Jan. 6, 2:30 pm
ESA

The Interface Between Experimental Economics and Psychology (C9)

Presiding: DAVID COOPER, Case Western Reserve University

YAN CHEN, University of Michigan, PETER KATUSCAK, University of California-San Diego and EMRE OZDENOREN, University of Michigan--Why Can't a Woman Bid More Like a Man?

DAVID COOPER, Case Western Reserve University, and JOHN KAGEL, Ohio State University--Context and Learning Transfer

JOHN LIGHTLE and JOHN KAGEL, Ohio State University--In Defense of Decision-Making Groups: An Analysis of the Hidden Profile Problem with Explicit Incentives

JOHN HAMMAN, GEORGE LOEWENSTEIN, and ROBERTO WEBER, Carnegie Mellon University--Self-Interest Through Agency: An Alternative Hypothesis for the Principal Agent Relationship

Discussants: JACOB K. GOEREE, California Institute of Technology
DIRK ENGELMANN, Royal Holloway College, University of London
DANIEL HOUSER, George Mason University
ALJA ULE, CREED, University of Amsterdam


Jan. 6, 2:30 pm
EPS/IAFFE

Women and War

Presiding: LOURDES BENERIA, Cornell University

DERYA DEMILER, İstanbul Bilgi University--Gender Dimensions of Internal Displacement in Turkey

JENNIFER OLMSTED, Drew University--Gender and Military Occupation in Iraq and Palestine

JENNIFER RYCENGA, San Jose State University--How Institutional Religious Structures Impede or Enhance Women's Participation on Issues of Peace, Security, Equality, and Creativity

ROBERT REINAUER, University of Massachusetts-Amherst--Women and Post-conflict Economic Reconstruction in Guatemala: Evidence from Agrarian Reform Communities

MARGUERITE WALLER, University of California-Riverside--Is Post-Conflict Forced Prostitution a War Crime?

Discussant: ELISABETTA ADDIS, Universit degli Studi di Sassari


Jan. 6, 2:30 pm
HES

Great Ideas for Teaching the History of Economic Thought (A2)

Presiding: NEIL SKAGGS, Illinois State University

ROSS EMMETT, James Madison College, Michigan State University--Surfing the Past: Online Resources for Teaching the History of Economic Thought

SANDRA PEART, Baldwin-Wallace College, and DAVID LEVY, George Mason University--(Anti-) Economics and Cartoons: Teaching the History of Ideas Using the Popular Press

HUMBERTO BARRETO, Wabash College--The ABCs of HOT: Basic Forms of a History of a Thought Course

SHERRY KASPER, Maryville College--Engaging Ideas: Active Learning Strategies for Teaching the History of Economic Thought


Jan. 6, 2:30 pm
IHEA

Topics in Health Economics (I1)

Presiding: RICHARD ARNOULD, University of Illinois-Urbana-Champaign

KATE BUNDORF and VICTOR FUCHS, Stanford UniversityWho Favors National Health Insurance? The Role of Attitudes and Beliefs

DAVID CUTLER and ELLEN MEARA, Harvard UniversityInduced Innovation and Disparities in Health Outcomes

ANDREW FOSTER, Brown University, and NARESH KUMAR, University of IowaAir Quality Regulation and Respiratory Health in Urban India

MARK DUGGAN, University of MarylandThe Impact of Medicares Prescription Drug Benefit on Dual Eligibles: Evidence for Californias Medicaid Population

Discussants: WILL DOW, University of California-Berkeley
AMITABH CHANDRA, Harvard University
KEN CHAY, University of California-Berkeley
JAY BHATTACHARYA, Stanford University


Jan. 6, 2:30 pm
ISIR

Recent Advances in Inventory Research

Presiding: GEORGE HALL, Brandeis University

HOWARD MARVEL and JAMES PECK, Ohio State UniversityInventory Turnover and Product Variety

DAVID BIVIN, Indiana University-Purdue University-IndianapolisInventories and Interest Rates

YONGSEUNG JUNG, Kyunghee University, and TACK YUN, Federal Reserve BoardMonetary Policy Shocks, Inventory Dynamics, and Price-Setting Behavior

Discussants: ADAM COPELAND, Bureau of Economic Analysis
HUNTLEY SCHALLER, Carleton University
YONGSUNG CHANG, Seoul National University


Jan. 6, 2:30 pm
ITFA

International Issues (F0)

Presiding: MAX KREININ, Michigan State University

JOSEPH PELZMAN, George Washington University, and AMIR SHOHAM, Ben Gurion University of the Negev--WTO Enforcement Issues

RICHARD T. GRETZ, JANNETT HIGHFILL, and ROBERT C. SCOTT, Bradley University--Subsidies Without Borders: Advanced Technology Program and the Multinationals

JORGE GONZALEZ, Trinity University, MAX KREININ, Michigan State University, and MICHAEL PLUMMER, Johns Hopkins University SAIS-Bologna--NAFTAs Price Effects: Should We Look at Something Beyond Trade Volumes?

GIOVANNI FACCHINI and ANNA MARIA MAYDA, University of IllinoisHow do Individual Attitudes towards Immigration Become Economic Policies?

Discussants: ALFRED ECKES, Ohio University
ALAN ANDERSON, Western Connecticut State University
RAUL MONCARZ, Florida International University
MARCELO BIANCONI, Tufts University


Jan. 6, 2:30 pm
KAEA

Government Policies, Financial Markets and Fluctuations (E6)

Presiding: SUNGHYUN H. KIM, Tufts University

MICHELLE CONNOLLY, Duke University, and KEI-MU YI, Federal Reserve Bank of Philadelphia--Trade Policy and South Koreas Growth Miracle

HWAGYUN KIM and JUNGWON MOON, State University of New York-Buffalo--Do Macroeconomic Variables Forecast Bond Returns?

FRANCISCO BUERA, Northwestern University, and YONGSEOK SHIN, University of Wisconsin--Financial Frictions and the Persistence of History

JAEJOON WOO, DePaul University--The Behavior of Fiscal Policy: Pro-cyclicality and Volatility

Discussants: JAEWOO LEE, International Monetary Fund
KI YOUNG PARK, University of Maryland-Baltimore County
JINILL KIM, Federal Reserve Board
SUNGHYUN H. KIM, Tufts University


Jan. 6, 2:30 pm
LERA

Bulletproofing the Workplace Against Litigation and Conflict: What Employers Don't
Know About Law Maybe Hurting Them

Presiding: CHARLIE JESZECK, U.S. Government Accountability Office

MATTHEW FINKIN, University of Illinois-Urbana-Champaign--Over-Reaction in Over-Regulation: The Case of Employee Privacy

ELLEN DANNIN, Pennsylvania State University--Why At-Will is Bad for Employers and Why Just Cause is Good for Them

DAWN R. SWINK, University of St. Thomas--Legal Implications of Telecommuting

DEBORAH A. BALLAM, Ohio State University--Much Worry About Nothing: Employer Overconcern about Providing References

Discussant: ROBERT THORNTON, Lehigh University


Jan. 6, 2:30 pm
LERA

Industrial Relations as Academic Enterprise: Roads to Revitalization

Presiding: CHARLES WHALEN, Perspectives on Work

MICHAEL PIORE, Massachusetts Institute of Technology--Preservation and Revitalization: New Forces in the World of Work

JOHN GODARD, University of ManitobaA New Institutionalist Future for Industrial Relations

BRUCE E. KAUFMAN, Georgia State University--Rescuing and Revitalizing the Field of Industrial Relations

DAVID MARSDEN, London School of Economics--Revitalizing Industrial Relations: The Need for an Employment Systems Framework

JOHN W. BUDD, University of Minnesota--Defining an Inclusive Field of Human Resources and Industrial Relations: A Metaparadigm of Efficiency, Equity, and Voice

DAPHNE TARAS, University of Calgary--An Institutionalists Analysis of Industrial Relations Stressors


Jan. 6, 2:30
LERA

Poster Session

Presiding: ROBERT C. HOELL, Georgia Southern University

RUPA BANERJEE, University of Toronto--Perceived Discrimination in Canadian Workplaces

GEE SAN, Tung-Chun Huang, and LI-HSUAN HUANG, National Central University, Taiwan--Does Labor Quality Really Matter? The Case of Taiwans Manufacturing Industry

JONATHAN E. BOOTH, University of Minnesota--Dont Throw the Baby Out with the Bathwater: The Industrial Relations Frustration-Aggression Theory Reconsidered

ALEXANDER J. S. COLVIN, Pennsylvania State University--Employment Regulation and Human Resource Management in Liberal Market Economies: A Cross-National Comparison

EDWARD J. TIMMONS and ROBERT J. THORNTON, Lehigh University--Massaging Earnings: The Effects of State Licensing of Massage Therapists

BETTY BARRETT, Massachusetts Institute of Technology--Perceptions of Mediator Performance: Does it Matter when the Mediator Shows Up?

HELEN LAVAN, DePaul University, and MARSHA KATZ, Governors State University--Problems in Finding Solutions to the Impact of Obesity on Organizations

JACK L. HOWARD, Illinois State University--Reducing Conflicts of Interest: Balancing Anti-Nepotism Policies and No-Spouse Rules with the Constraints Associated with High Levels of Dual-Career Couples

JOHANNA WESTSTAR, University of Toronto--Too Much of A Good Thing? Applying Education on the Job in Information Technology

RHOKEUN PARK, Rutgers University--The Effects of Employee Participation Plans on Employees and Employers

DAVID MADLAND, Georgetown University--The Politics of Retirement Benefit Cuts

TIMOTHY J. KEAVENY and EDWARD J. INDERRIEDEN, Marquette University--Race and Gender Differences in Job Responsibility and Advancement

ROCIO BONET, University of Pennsylvania--Employer Effects on Intraorganizational Career Mobility: Is there a Role for Work Practices?

JANNIS ANGELIS, University of Warwick--High Performance Work Practices and Product and Service Complexity

EDWARD STERN, AFGE Local 12--A Look at Abusive Supervision at USDOL

HERVE QUENEAU, Brooklyn College, City University of New York--The Dynamics of Unemployment by Gender: Evidence from OECD Countries

IOANA MAZARE, UPS Corporate Headquarters, and WEI-CHIAO HUANG, Western Michigan University--Labor Market Dynamics in a Transition Economy: Evidence from Romania

MICHAEL BONIFACE, Rutgers University--Interest Based Bargaining: Moving Forward from the Basics

STEWART JOHNSTONE, ADRIAN WILKINSON, and PETER ACKERS, Loughborough University--Achieving Efficiency, Equity, and Voice: Labor-Management Cooperation and Mutual Gains in UK Financial Services

MATTHEW M. BODAH, University of Rhode Island--Congress and the NLRB: An Analysis of Congressional Pressure on Board Decision-Making

PATRICE M. MARESCHAL, Rutgers University-Camden--From Warfare to Kumbayya: Organizing Home Care Workers in Washington

THOMAS J. NORMAN, University of Minnesota--Outsourcing Human Resources Management: The Impact on Employee Satisfaction and Retention

TERRY H. WAGAR, Saint Mary's University, and WENDY R. CARROLL, Acadia University--Please Dont Go: Factors Associated with Employee Retention

BANIYELME ZOOGAH, Ohio State University--Privatization and Corporate Governance in Developing Countries: The Moderating Role of Trade Union Strength

PAUL CHEN, Australian National University and Federal Reserve Bank of Cleveland--Reciprocity at the Workplace: Do Fair Wages Lead to Higher Effort, Productivity, and Profitability?

NANCY BROWN JOHNSON, University of Kentucky--Sticking to the Basics: The Case of AirTran

CLYDE J. SCOTT, University of Alabama, and EDWIN W. ARNOLD, Auburn University-Montgomery--The NLRB and the United States Supreme Court: A Longitudinal Analysis

DARLA FLINT PAULSON, University of Minnesota--The Effect of Absolute and Relative Wages on Employee Attitudes: Whose Wages Matter?

TOM REDMAN, University of Durham, and ED SNAPE, Hong Kong Polytechnic University--HRM Practices and Organizational Citizenship Behavior: A Multi-Level Analysis

PAULA ALEXANDER BECKER, Seton Hall University--Corporate Governance, Business Ethics and Firm Financial Performance: Can Unethical Conduct Be Predicted?

MICHAEL BELZER, Wayne State University, PAN SHIH WEI, Chinese Culture University, QIAO JIAN, China Institute of Industrial Relations, and CHANG KAI, Renmin University of China--Labor Relations in the Chinese Auto Industry: A Supply Chain Analysis

MICHAEL BELZER, Wayne State University, PAN SHIH WEI, Chinese Culture University, XIANGQUAN ZENG, Renmin University of China, and YI ZHANG, Indiana University--Non-Standard Employment in Chinas Silicon Valley

TIMOTHY D. CHANDLER, Louisiana State University, and RAFAEL GELY, University of Cincinnati--Fishing in Different Ponds: An Industry Level Analysis of Organizing Activity

EMILY PORSCHITZ and JOSE ALVES, University of Massachusetts-Amherst--Stopping By the Pond: Using Metaphors to Understand Student Labor Union Conflict and Cooperation

HERMAN BINGHAM, Mediator--Transformative Mediation: A Guide for the Perplexed

ANGELA T. HALL and JACK FIORITO, Florida State UniversityStrategy, Environment, and British National Unions

BEN DUNFORD, DEIDRA J. SCHLEICHER, and LIANG ZHU, Purdue UniversityConsequences of Employee Investments in Company Stock: More Harm Than Good or Just Unnecessary?


Jan. 6, 2:30 pm
MEEA

Trade, Technology, and Efficiency (O0)

Presiding: MASOUD NILI, Sharif University of Technology, Iran

GZIN ERLAT, HALUK ERLAT, and DEMET ŞENOĞLU, Middle East Technical University--Measuring Vertical and Horizontal Intra-Industry Trade: The Case for Turkey

JAY SQUALLI and KENNETH WILSON, Zayed University, UAE--How Accessible Are Arab Markets?

MARY HABIB, Lebanese American University--Imported Technology and Domestic R&D

ALI M. KHALIL, Hashemite University, Jordan, and DONALD SIEGEL, Rensselaer Polytechnic Institute--Jordanian Economy and the Computer Revolution

MOHAMED E. CHAFFAI, Sfax University, Tunisia, MICHEL DIETSCH, UREP, Robert Schuman University, France--Middle East Banking Technology and Efficiency: An International Comparison
Discussants: AHMET FARUK ASYAN, Bogazici University
HALUK ERLAT, Middle East Technical University
HADI SALEHI ESFAHANI, University of Illinois-Urbana-Champaign
ADAM B. ELHIRAIKA, United Nations Economic Commission for Africa
OYA PINAR ARDI, Bogazici University


Jan. 6, 2:30 pm
NAEE/NCEE

Assessment and Research in the Economics Classroom (A2)

Presiding: PAUL W. GRIMES, Mississippi State University

KIMMARIE MCGOLDRICK, University of Richmond--Grounding Cooperative Learning Exercises in Learning Objectives: A Learner-Centered Model of Teaching

LINDA DYNAN, TOM CATE, and KEN RHEE, Northern Kentucky University--The Impact of Learning Structure on Students Self-Directed Learning Readiness and Course Performance

LISA DANIELS, Washington College, JOHN KANE, State University of New York- Oswego, JUDY ROOBIAN-MOHR, Columbus State Community College, and BRIAN ROSARIO, California State University-Sacramento--The Impact of PowerPoint on Student Performance, Course Evaluations, and Student Preferences in Economics Courses: An Experiment at Four Institutions

JANE LOPUS, California State University-East Bay, PAUL GRIMES, Mississippi State University, and WILLIAM BECKER, Indiana University--The Effect of Human Subjects Regulation on Classroom Research: Multidisciplinary Evidence

Discussants: JOE HORTON, University of Central Arkansas
BRIAN PETERSON, Central College
MOHAMMAD ASHRAF, University of North Carolina-Pembroke
ANDREW T. HILL, Federal Reserve Bank of Philadelphia


Jan. 6, 2:30 pm
NAFE

Forensic Economics IV: Roundtable on Tort Damages: An International
Perspective (K4)

Presiding: JOHN O. WARD, University of Missouri-Kansas City and STEVEN J. SHAPIRO, University of New Haven

GIOVONNI COMANDE, Sant'Anna School of Advanced Studies--Damages for Injury and Death: European and United States Perspectives

ROBERT MCNABB, Cardiff University--Damages for Injury and Death: UK Perspective

JOHN O. WARD, University of Missouri-Kansas City, KURT V. KRUEGER, John O. Ward and Associates, GARY R. ALBRECHT, Albrecht Economics--Scheduled Economic Damages and Tort Reform in the United States

STEVEN J. SHAPIRO, University of New Haven--Scheduled Noneconomic Damages and Tort Reform in the United States


Jan. 6, 2:30 pm
NEA

Changing Trends within the U.S. Hispanic Community (J1)

Presiding: MARK HUGO LOPEZ, University of Maryland

RICHARD FRY, Pew Hispanic Center--The Impact of Suburbanization on Hispanic Schooling

ALBERTO DAVILA, MARIE T. MORA, and REBECCA GONZALEZ, University of Texas-Pan American--Occupational Safety and the Gender-Earnings Gap Among Hispanic Workers in the U.S

DAVID MOLINA, University of North Texas--How Do Parametric Consumer Expenditure Share Distributions Differ between Mexican Urban/Rural Mexicans and U.S. Hispanics?

ALFONSO FLORES-LAGUNES, University of Arizona and Princeton University, ARTURO GONZALEZ, Public Policy Institute of California, and TODD NEUMANN, University of California-MercedEstimation of the Effects of Exposure to a Training Program: The Case of Hispanics in Job Corps

Discussants: RICHARD SANTOS, University of New Mexico
RONALD L. OAXACA, University of Arizona
RENE ROSENBAUM, Michigan State University
KALENA CORTES, Princeton University


Jan. 6, 2:30 pm
ODE

ODE Chapter Advisors Session

Presiding: ROBERT EBERT, Baldwin Wallace College

JOHN H. BECK and DANIEL L. FRIESNER, Gonzaga University--What Students Do Not Learn in Microeconomics: The Effects of Student Major and Background

RAE ANNE DODDS, College of St. Scholastica--Oral Exams in the Principles Classroom: Why and How

FLORENCE SHU, State University of New York-PotsdamU.S. Pre-Collegiate Economics Curriculum and Teaching: Its Scope, Its Depth and Its Impact

KARA BOATMAN, RICHARD COURTNEY, and WILLIAM LEE, St. Marys College of CaliforniaSee How They Learn: The Impact of Faculty and Student Learning Styles on Student Performance in Introductory Economics

Discussants: FLORENCE SHU, State University of New York-Potsdam
KARA BOATMAN, St. Marys College of California
JOHN H. BECK, Gonzaga University
RAE ANNE DODDS, College of St. Scholastica


Jan. 6, 2:30 pm
TPUG

Air Transport Economics

Presiding: ROBERT WINDLE, University of Maryland
JEFFREY P. COHEN, University of Hartford, and CLETUS C. COUGHLIN, Federal Reserve Bank of St. Louis-- Airport-Related Noise and Housing Prices: Insights Using Spatial Econometrics

ETIENNE B. DE VILLEMEUR, MARC IVALDI, University of Toulouse, EMILE QUINET, Ecole National des Ponts et Chausses, and MIGUEL URDNOZ, University of Toulouse--The Social Costs of Air Traffic Delays

JAN K. BRUECKNER and RAQUEL GIRVIN, University of California-Irvine--Airport Noise Regulation, Airline Service Quality, and Social Welfare

TAE H. OUM and XIAOWEN FU, University of British Columbia--An Analysis of the Effects of Security Charges on Air Transport and Optimal Structure of Security Charge Scheme

Discussants: KENNETH BUTTON, George Mason University
STEVEN MORRISON, Northeastern University
ROBERT WINDLE, University of Maryland
MARTIN DRESNER, University of Maryland


Jan. 6, 2:30 pm
URPE

Development, Finance, and Capitalism (F3)

Presiding: SUSAN SCHROEDER, Auckland University of Technology, New Zealand

ROBERT CHERNOMAS and FLETCHER BARAGAR, University of Manitoba, Canada An Invasive Stage of Capitalism

ALEX JULCA, United NationsCan Immigrants Help Channel Remittance for Economic Development?

EDWARD NELL, New School for Social ResearchVicious and Virtuous Cycles in Development: The Interaction between Economics and Social Spheres

Discussants: PHILLIP OHARA, Curtin University, Australia
MATIAS VERENGO, University of Utah
CHRISTOPHER RUDE, York University, Canada


Jan. 6, 2:30 pm
URPE

Globalization, Conflict, and Constraints (F0)

Presiding: ROBERT BLECKER, American University

ENGELBERT STOCKHAMMER, Vienna University of Economics and Business AdministrationThe EU Economy: Wage-led or Profit-led?

OZLEM ONARAN, Istanbul Technical University, TurkeyThe Effect of European Integration on Labor in the Central and Eastern European Countries in the Post-Transition Era

ERINC YELDAN, Bilkent University, TurkeyIMF Conditionality and the New Debt Trap in Turkey

ROBERT BLECKER, American UniversityMacroeconomic and Structural Constraints on Mexican Economic Growth

ARSLAN RAZMI, University of Massachusetts-AmherstPursuing Manufacturing-Based Export-Led Growth: Are Developing Countries Increasingly Crowding Each Other Out?

Discussants: JAMES HEINTZ, Political Economy Research Institute
ARSLAN RAZMI, University of Massachusetts-Amherst


Jan. 6, 4:30 pm
ACES

Presidential Address

AVNER BEN-NER, University of Minnesota


Jan. 6, 4:40 pm
AEA

Presidential Address

Presiding: THOMAS SARGENT, New York University

GEORGE A. AKERLOF, University of California-Berkeley


Jan. 6, 4:45 pm

AFEE

Presidential Address

GEOFFREY HODGSON, University of Hertfordshire


Jan. 6, 5:15 pm
NAEFA

Presidential Address


Jan. 6, 5:30 pm
AFA

Business Meeting and Presidential Address


Jan. 6, 6:00 pm
AEA

Business Meeting


Jan. 6, 6:30 pm
AFEA

Presidential Address


Jan. 6, 7:00 pm
NEA

Presidential Address


Sunday, January 7, 2007

Jan. 7, 8:00 am
AEA

Empirical Corporate Finance

Presiding: AMAR GANDE, Vanderbilt University

PAOLO PASQUARIELLO, KATHY YUAN, and QIAOQIAO ZHU, University of MichiganIs There Timing Ability in Currency Markets? Evidence from ADR Issuances

EHUD KAMAR, University of Southern California, PINAR KARACA-MANDIC, RAND Corporation, and ERIC TALLEY, University of Southern California and RAND Corporation--Going-Private Decisions and the Sarbanes-Oxley Act of 2002: A Cross-Country Analysis

AMAR GANDE and CHRISTOPH SCHENZLER, Vanderbilt University--Does Global Diversification Destroy Value?

Discussants: To be announced.


Jan. 7, 8:00 am
AEA

Frontiers of Research in Venture Capital (G2)

Presiding: YAEL HOCHBERG, Northwestern University

LAURA BOTTAZZI, Bocconi University, MARCO DA RIN, Tilburg University, and THOMAS HELLMAN, University of British ColumbiaThe Importance of Trust for Investment

MORTEN SORENSEN, University of ChicagoLearning by Investing, Evidence from Venture Capital

CARSTEN BIENZ, Norwegian School of Economics and Business Administration, and JULIA HIRSCH, Goethe UniversityThe Dynamics of Venture Capital Contracts

Discussants: LUIGI ZINGALES, University of Chicago
GUSTAVO MANSO, Massachusetts Institute of Technology
REBECCA ZARUTSKIE, Duke University


Jan. 7, 8:00 am
AEA

Employment Protection (J2)

Presiding: LAWRENCE KAHN, Cornell University

DAVID AUTOR, Massachusetts Institute of Technology, WILLIAM KERR, Harvard University, and ADRIANA KUGLER, University of HoustonDo Employment Protections Reduce Productivity

BJOERN BRUEGEMANN, Yale UniversityEmployment Protection: Tough to Scrap or Tough to Get?

LAWRENCE KAHN, Cornell UniversityThe Impact of Employment Protection Mandates

W. BENTLEY MACLEOD, Columbia University, and VORAPRAPA NAKAVACHARA, University of Southern CaliforniaLegal Default Rules: The Case of Wrongful Discharge Rules

Discussants: PAUL OYER, Stanford University
MARIANNE BERTRAND, University of Chicago
CHRISTINE JOLLS, Harvard University
THOMAS DELEIRE, Michigan State University


Jan. 7, 8:00 am
AEA

Taxes and Income Distribution (D3)

Presiding: LEONARD BURMAN, Tax Policy Center

DEENA ACKERMAN, MICHAEL COOPER, JULIE-ANNE CRONIN, GEOFFREY GEE, and JAMES NUNNS, U.S. Department of the TreasuryTax Share Dynamics

STEFAN BACH, German Institute for Economic Research (DIW Berlin), GIACOMO CORNEO, Free University of Berlin, and VIKTOR STEINER, German Institute for Economic Research (DIW Berlin)No Rise in Income Inequality? A Reappraisal of the German Income Distribution Based on Income Tax

LEONARD BURMAN, JEFFREY ROHALY, Tax Policy Center, and ROBERT SHILLER, Yale UniversityIndexing the Tax System for Inequality

IAN DEW-BECKER, NBER, and ROBERT J. GORDON, Northwestern UniversityUnresolved Issues in the Rise of Inequality

Discussant: JOEL SLEMROD, University of Michigan
RUDOLPH PENNER, Urban Institute


Jan. 7, 8:00 am
AEA

Child Development

Presiding: KIRSTINE HANSEN, Centre for Longitudinal Studies, Institute of Education

HEATHER JOSHI and GEORGIA VERROPOULOU, Centre for Longitudinal Studies, Institute of EducationDoes Mothers Employment Conflict with Child Development? Multilevel Analysis of British Mothers Born

DANIELLE CROSBY, University of Chicago, and DENISE HAWKES, Centre for Longitudinal Studies, Institute of EducationComparing Early Maternal Employment and Child Development in the UK and U.S.

PAUL GREGG, University of Bristol, and KIRSTINE HANSEN, Centre for Longitudinal Studies, Institute of EducationMothers Return to Work, Childcare and Child Development

LAWRENCE BERGER, University of Wisconsin-Madison, CHRISTINA PAXSON, Princeton University, and JANE WALDFOGEL, Columbia UniversityIncome and Child Development

Discussants: JANET CURRIE, Columbia University
CHRISTOPHER RUHM, University of North Carolina
KJELL SALVANES, Norwegian School of Economics and Business Administration
MICHAEL KEANE, Yale University


Jan. 7, 8:00 am
AEA

Computer Assisted Instruction: New Instructional Applications (A2)

Presiding: BETTY J. BLECHA, San Francisco State University

STUART ALLEN, University of North Carolina-GreensboroPrinciples as an Economic Gain

MARCELO CLERICI ARIAS, Stanford UniversityFrom Zero to Agent-Based Modeling in Ten Weeks

DANIEL A. TALLEY, Dakota State University, and STEVEN C. MYERS, University of AkronLooking Beyond the Whiz-Bang Technology: Using Wireless Teaching Tools to Improve Economic Instruction

Discussants: SCOTT SIMPKINS, North Carolina A&T State University
BARRY KEATING, University of Notre Dame


Jan. 7, 8:00 am
AEA

Modeling Inflation Dynamics (E3)

Presiding: STEPHANIE SCHMITT-GROHE, Duke University

ANDREA PESCATORI, Universitat Pompeu FabraIncomplete Markets, Idiosyncratic Shocks and Optimal Monetary Policy

KEVIN LANSING, Federal Reserve Bank of San FranciscoTime-Varying Inflation Dynamics and the New Keynesian Phillips Curve

KOLVER HERNANDEZ, University of DelawareState-Dependent Nominal Rigidities and Disinflation Programs in Small Open Economies

Discussants: KLAUS ADAM, European Central Bank
VIRGILIU MIDRIGAN, Federal Reserve Bank of Minneapolis
MARC GIANNONI, Columbia University


Jan. 7, 8:00 am
AEA

Confronting Theory with Experimental Data and Vice Versa (C9)

Presiding: SHACHAR KARIV, University of California-Berkeley

JACOB GOEREE and LEAT YARIV, California Institute of TechnologyAn Experimental Study of Deliberative Voting

SYNGJOO CHOI, DOUGLAS GALE, New York University, and SHACHAR KARIV, University of California-BerkeleySequential Equilibrium in Monotone Games: Theory-Based Analysis of Experimental Data

COLIN CAMERER, California Institute of Technology, THOMAS PALFREY, Princeton University, and BRIAN ROGERS, California Institute of TechnologyHeterogeneous Quantal Response Equilibrium and Cognitive Hierarchies

MATTHEW RABIN, University of California-Berkeley, and GEORG WEIZSCKER, London School of EconomicsNarrow Bracketing and Dominated Choices


Jan. 7, 8:00 am
AEA

New Developments in United Growth Theory (O1)

Presiding: JOEL MOKYR, Northwestern University

JOEL MOKYR, Northwestern University, and HANS-JOACHIM VOTH, Universitat Pompeu FabraUnderstanding Growth in Europe, 1700-1870: Theory and Evidence

ODED GALOR, Brown University, and OMER MOAV, Hebrew UniversityThe Emergence of Human Capital Promoting Institutions in the Process of Development

GONCALO MONTEIRO and ALVARO PEREIRA, University of YorkFrom Growth Spurts to Sustained Growth: The Nature of Growth and Unified Growth Theory

MATTHIAS DOEPKE, University of California-Los Angeles, and ANDREA EISFELDT, Northwestern UniversityColonies

Discussants: GREG CLARK, University of California-Davis
DAVID WEIL, Brown University
NILS-PETTER LAGERLOEF, York University, Canada
OMER MOAV, Hebrew University


Jan. 7, 8:00 am
AEA

Global Outsourcing and Subcontracting (L2)

Presiding: KATJA SEIM, Stanford University

ARI VAN ASSCHE, HEC MontrealInput Specificity and Global Sourcing

CHUEN-YUEH LI, University of California-Los AngelesGlobal Outsourcing in Innovation: The Model and the Evidence from Global Information Technology

BIRGER WERNERFELT, Massachusetts Institute of TechnologyThe Design of Industry


Jan. 7, 8:00 am
AEA

Deflations and Depressions (E3)

Presiding: GAUTI EGGERTSSON, Federal Reserve Bank of New York

GARY RICHARDSON and WILLIAM TROST, University of California-IrvineMonetary Intervention Mitigated Banking Panics

LEE OHANIN, University of California-Los AngelesMonetary Contraction and the Great Depression

GAUTI EGGERTSSON, Federal Reserve Bank of New YorkGreat Expectations and the End of the Depression

MICHAEL BORDO, Rutgers University, CHRIS ERCEG, and ANDREW LEVIN, Federal Reserve BoardThree Great American Disinflations


Jan. 7, 8:00 am
AEA

Demographics and Macroeconomics (C1)

Presiding: NIR JAIMOVICH, University of California-San Diego

JOSE-VICTOR RIOS-RULL and JAY H. HONG, University of PennsylvaniaLife Insurance and Social Policy

JONAS FISHER, Federal Reserve Bank of Chicago, and MARTIN GERVAIS, University of Western OntarioFirst Time Home Buyers and the Decline in Aggregate Volatility

NIR JAIMOVICH, University of California-San Diego, and HENRY SIU, University of British ColumbiaDemographic Change and Business Cycle Volatility

KARSTEN JESKE, Federal Reserve Bank of Atlanta, and SAGIRI KITAO, New York Health Insurance and Tax Policy

Discussants: JONAS FISHER, Federal Reserve Bank of Chicago
HENRY SIU, University of British Columbia
JOSE-VICTOR RIOS-RULL, University of Pennsylvania


Jan. 7, 8:00 am
AEA

Voting

Presiding: JOHN MORGAN, University of California-Berkeley

PATRICIA FUNK, Stockholm School of EconomicsTheory and Evidence on the Role of Social Norms in Voting

DOMINIC ROHNER, University of CambridgeInformation, Closeness of Elections and Authoritarianism

ARIANNA DEGAN, University of Quebec-MontrealPolicy Positions, Information Acquisition and Turnout

JOHN MORGAN, University of California-Berkeley, and VIJAY KRISHNA, Pennsylvania State UniversityEfficient Information Aggregation with Costly Voting


Jan. 7, 8:00 am
AEA

Complex Networks in Trade and Finance (F0)

Presiding: RAJA KALI, University of Arkansas

RAJA KALI and JAVIER REYES, University of ArkansasFinancial Contagion on the International Trade Network

ERIC FISHER, Ohio State University, and FERNANDO VEGA, University of AlicanteThe Linchpins of a Modern Economy

MARC FLANDREAU and CLEMENS JOBST, Institut dEtudes Politiques de ParisStructural Changes in the International Monetary System 1500-2000: A Network Approach

MARCEL FAFCHAMPS, University of Oxford, MARCO VAN DE LEIJ, Erasmus University, and SANJEEV GOYAL, University of EssexScientific Networks and Co-authorship

Discussants: PAULA HERNANDEZ, Texas A&M University
JORDAN SIEGEL, Harvard University
ARNAB BASU, College of William and Mary
CARY DECK, University of Arkansas


Jan. 7, 8:00 am
AEA

Corporate Governance

Presiding: VICTOR NEE, Cornell University

SONJA OPPER, Lund University, and VICTOR NEE, Cornell UniversityState Bureaucratic Performance and the Corporation

RUI ALBUQUERQUE and JIANJUN MIAO, Boston UniversityA Theory of CEO Power, Board Influence and Governance

MARIASSUNTA GIANNETTI, Stockholm School of Economics, and LUC LAEVEN, World BankPension Reforms, Ownership Structure and Corporate Governance: Evidence from Sweden

YI ZHANG, Peking University--Law, Corporate Governance, and Corporate Scandal in an Emerging Economy: Insights from China


Jan. 7, 8:00 am
AEA

For Love or Money: Marriage, Fertility and Female Status

Presiding: ROBERT POLLAK, Washington University-St. Louis

GUSTAVO BOBONIS, University of Toronto, ROBERTO CASTRO, Universidad Nacional Autonoma de Mexico, and MELISSA GONZALEZ-BRENES, University of Massachusetts-AmherstFemale Income, Womens Status, and Spousal Violence: Effects of the Oportunidades Program

HIDEO AKABAYASHI, Keio UniversityDoes Market Force Overcome Superstition in the Marriage Market: The Case of Hinoeuma Women in Japan

ALBERTO ALESINA, Harvard University, and PAOLA GIULIANO, International Monetary FundWomen Without Children? The Impact of Divorce Laws on Fertility

Discussants: ROBERT POLLAK, Washington University-St. Louis
BETSEY STEVENSON, University of Pennsylvania
RACHEL CROSON, University of Pennsylvania
JUSTIN WOLFERS, University of Pennsylvania


Jan. 7, 8:00 am
AEA

Field Experiments in Microfinance (O1)

Presiding: DEAN KARLAN, Yale University

XAVIER GIN, World Bank, and DEAN KARLAN, Yale UniversityGroup versus Individual Liability Loans: A Field Experiment in the Philippines

SURESH DE MEL, International Monetary Fund, DAVID MCKENZIE, World Bank, and CHRISTOPHR WOODRUFF, University of California-San DiegoWhat Are the Returns to Capital in Microenterprises? Results from a Randomized Experiment in Sri Lanka

CRAIG MCINTOSH, University of California-San DiegoThe Role of Moral Hazard in Guatemalan Microfinance Markets

Discussants: EDWARD MIGUEL, University of California-Berkeley
JONATHAN MORDUCH, New York University
JONATHAN ZINMAN, Dartmouth College


Jan. 7, 8:00 am
AFA

Behavioral Corporate Finance: Managerial Overconfidence and Corporate

Presiding: ULRIKE MALMENDIER, Stanford University

ITZHAK BEN-DAVID, University of Chicago, JOHN R. GRAHAM, and CAMPBELL R. HARVEY, Duke UniversityManagerial Overconfidence and Corporate Policies

ANAND M. GOEL, DePaul University, and ANJAN V. THAKOR, Washington University-St. LouisOverconfidence, CEO Selection, and Corporate Governance

WEIHONG SONG, University of CincinnatiDoes Overvaluation Lead to Bad Mergers?

Discussants: DICK HACKBARTH, Washington University-St. Louis
SIMON GERVAIS, Duke University
PAVEL SAVOR, Harvard University


Jan. 7, 8:00 am
AFA

Cross Section of Stock Returns

Presiding: LU ZHANG, University of Rochester

SOOSUNG HWANG and ALEXANDRE RUBESAM, City University LondonIs Value Really Riskier Than Growth?

RAVI BANSAL, Duke University, ROBERT F. DITTMAR, University of Michigan-Ann Arbor, and DANA KIKU, Duke UniversityLong Run Risks and Equity Returns

MICHAEL COOPER, Purdue University, HUSEYIN GULEN, Virginia Polytechnic Institute & State Unviersity, and MICHAEL J. SCHILL, University of VirginiaWhat Best Explains the Cross-Section of Stock Returns? Exploring the Asset Growth Effect

Discussants: RALITSA PETKOVA, Case Western Reserve University
SYDNEY LUDVIGSON, New York University
LAURA XIAOLEI LIU, Hong University of Science & Technology


Jan. 7, 8:00 am
AFA

Asset Pricing with Heterogeneous Beliefs

Presiding: WEI XIONG, Princeton University

BERNARD DUMAS, INSEAD, ALEXANDER KURSHEF, and RAMAN UPPAL, London Business SchoolWhat Can Rational Investors Do about Excessive Volatility and Sentiment Fluctuations?

SNEHAL BANERJEE, Stanford University, RON KANIEL, Duke University, and ILAN KREMER, Stanford UniversityMomentum as an Outcome of Differences in Higher Order Beliefs

YANG BAI, ERIC C. CHANG, University of Hong Kong, and JIANG WANG, Massachusetts Institute of TechnologyAsset Prices and Short-Sale Constraints

Discussants: COSTIS SKIADAS, Northwestern University
STEPHEN MORRIS, Princeton University
HONGJUN YAN, Yale University


Jan. 7, 8:00 am
AFA

Empirical Topics in Corporate Leverage

Presiding: ANTOINETTE SCHOAR, Massachusetts Institute of Technology

JULIAN ATANASSOV, University of Michigan-Ann Arbor, VIKRAM K. NANDA, Arizona State University, and AMIT SERU, University of Michigan-Ann ArborFinance and Innovation: The Case of Publicly Traded Firms

DAVID T. BROWN, University of Florida, C. EDWARD FEE, Michigan State University, and SHAWN E. THOMAS, University of PittsburghFinancial Leverage and Bargaining Power with Suppliers: Evidence from Leveraged Buyouts

JOSE MARIA LIBERTI, London Business School, and ATIF R. MIAN, University of ChicagoUncovering Collateral

Discussants: ANDRES ALMAZAN, University of Texas-Austin
HOLGER MUELLER, New York University
PHILIP STRAHAN, Boston College


Jan. 7, 8:00 am
AFA

The Financial Payoffs from Political Connections

Presiding: MARTIN GRUBER, New York University

EFRAIM BENMELECH, Harvard University, and TOBIAS J. MOSKOWITZ, University of ChicagoThe Political Economy of Financial Regulation: Evidence from U.S. State Usury Laws in the 18th and 19th Century

EITAN GOLDMAN, JRG ROCHOLL, and JONGIL SO, University of North Carolina-Chapel HillDoes Political Connectedness Affect Firm Value?

PRAMUAN BUNKANWANICHA, ESCP-EAP European School of Management, and YUPANA WIWATTANAKANTANG, Hitotsubashi UniversityBig Business Owners and Politics: Investigating the Economic Incentives for Holding Public Office

Discussants: MARK FLANNERY, University of Florida
ALEXANDER LJUNGQVIST, New York University
RONALD MASULIS, Vanderbilt University


Jan. 7, 8:00 am
AREUEA

Urban Form and Sprawl

Presiding: WILLIAM STRANGE, University of Toronto

ROBERT W. HELSLEY, University of British Columbia, and WILLIAM STRANGE, University of Toronto--A Game-Theoretic Analysis of Skyscraper

CHRISTIAN REDFEARN, University of Southern California--Determinacy in Urban Form: Fixed Investment and Path Dependence in the Spatial Distribution of Metropolitan Employment

DONGSOO KIM, FENG LIU, and ANTHONY YEZER, George Washington University--Does City Size Cause Population Diversity?

JAN K. BRUECKNER, University of California-Irvine, and ANN LARGEY, Queens University--Social Interaction and Urban Sprawl

Discussants: GILLES DURANTON, University of Toronto
NATE BAUM-SNOW, Brown University
SANGHOON LEE, University of British Columbia
MATTHEW TURNER, University of Toronto


Jan. 7, 8:00 am
AREUEA

Demand in Housing

Presiding: FRANCOIS ORTALO-MAGNE, University of Wisconsin

YONGQIANG CHU, University of Wisconsin--An Intertemporal Capital Asset Pricing Model with Owner Occupied Housing

MARKUS HAAVIO, Helsinki School of Economics, and HEIKKI KAUPPI, University of Helsinki--House Price Fluctuations and Residential Sorting

LU HAN, University of Toronto--Housing Demand under Price Uncertainty

ROBERT F. MARTIN, Federal Reserve Board--The Baby Boom: Predictability in House Prices and Interest Rates

Discussants: MONIKA PIAZZESI, University of Chicago
STEPHEN ROSS, University of Connecticut
CHRISTIAN JULLIARD, London School of Economics
STIJN VAN NIEUWERBURGH, Stanford University


Jan. 7, 8:00 am
AREUEA

Housing Transaction and Agency

Presiding: PAUL M. ANGLIN, University of Guelph

ALBERT SAIZ, University of Pennsylvania, and PABLO CASAS-ARCE, Oxford University--Do Courts Matter? Rental Markets and the Law

KIMBERLY P. MOON, JULIAN DIAZ, and ROY BLACK, Georgia State University--Do Different Incentive Structures Impact Buyer's Agent Behavior?

BRENT C. SMITH, Virginia Commonwealth University--Spatial Heterogeneity in Residential Models of Selling Probability and Listing Duration: Identifying Submarkets of Listing Performance

STUART A. GABRIEL, YONGHENG DENG, DIEHANG ZHENG, University of Southern California, and KIYOHIKO NISHIMURA, University of Tokyo--Time on the Market and Sales Price: A Study of Seller Behavior in the Tokyo Condominium Market

Discussants: JAMES ATSU AMEGASHIE, University of Guelph
PAUL ANGLIN, University of Guelph
DIANA MOK, University of Western Ontario
CHARLES LEUNG, Chinese University of Hong Kong


Jan. 7, 8:00 am
ACES

Why Has the Chinese Transition Experience Been Different From the Experience in the CEEC
and FSU? (P5)

Presiding: JEFFREY MILLER, University of Delaware

STOYAN TENEV, International Finance Corporation, and JEFFREY MILLER, University of Delaware--China, the CEEC and FSU: Is Government the Key to the Differences in Performance?

JOHN BONIN, Wesleyan University--Developing Effective Banking in Central/Eastern Europe and China

STEVEN ROSEFIELDE, University of North Carolina--The Illusion of Westernization in Putin's Russia and Wen's China

JUDITH THORNTON, University of Washington, and ELLIOTT PARKER, University of Nevada-Reno--Fiscal Centralization/Decentralization in Russia and China

Discussants: GERARD ROLAND, University of California-Berkeley
WING THYE WOO, University of California-Davis


Jan. 7, 8:00 am
AFEE

War, Peace, Finance and Capitalist Relations: Veblenian Perspectives (B5)

Presiding: WILLIAM WALLER, Hobart and William Smith Colleges

STEPHANIE A. KELTON and JOHN F. HENRY, University of Missouri-Kansas City--The Consequences of Peace: Veblen on Proper Policies to Support Capitalist Relations

DAVID HAMILTON, University of New Mexico--What Happened to Economics? The Intellectual
Cost of the Cold War

LUC MAMPAEY, Grip, Brussels, Belgium and CLAUDE SERFATI, University of Versailles-Saint-
Quentin-en-Yvelines, France--Finance, Innovation and Corporate Governance: A Tentative
Framework for Analyzing Military-Industrial Systems

L. RANDALL WRAY, University of Missouri-Kansas City--Keynes Monetary Theory of Production
and Veblens Theory of Business Enterprise

CHARLES G. LEATHERS, University of Alabama and J. PATRICK RAINES, Belmont University--A Veblenian Perspective on Modern Globalization Issues

Discussant: WILLIAM DUGGER, University of Tulsa


Jan. 7, 8:00 am
ASE

Sustainability and Culture

Presiding: BRUCE PIETRYKOWSKI, University of Michigan, Dearborn

WAYNE EDWARDS, University of Alaska-Anchorage--Capabilities and Entitlements: Well-being in Alaska

OGUZHAN C. DINCER, Massey University, New Zealand--The Effects of Religious Diversity on Economic Growth

CURT H. STILES and CRAIG S. GALBRAITH, University of North Carolina-Wilmington--Founding Sustainable Communities in a Barren Land: Contrasting Cases

D. B. GHOSH, Indian Statistical Institute, amd P. K. DATTA, Rajatpur Indranarayan Higher Secondary School, India--Agricultural Sustainability and Economic Development

Discussant: PATRICK J. WELCH, Saint Louis University


Jan. 7, 8:00 am
AERE

Spatial Environmental Issues (Q5)

Presiding: JOHN B. BRADEN, University of Illinois-Urbana-Champaign

LUC ANSELIN and NANCY LOZANO, University of Illinois, Urbana-Champaign--Spatial Econometric Aspects of Valuation of Environmental Disamenities in Hedonic Price Models: An Empirical Comparison

PAUL J. FERRARO, K. ADAM, Georgia State University, ALEX PFAFF, Columbia University, A. SANCHEZ-AZOFEIFA, University of Alberta, and J. ROBALINO, Columbia University--How Effective are Protected Areas in Slowing Land Use Change?

JOHN B. BRADEN, University of Illinois-Urbana-Champaign, LAURA O. TAYLOR, Georgia State University, and DOOHWAN WON, University of Illinois-Urbana-Champaign--How Well Does Distance Capture Environmental Exposure? Evidence from the Hedonic Property Value Model and a Conjoint Choice Experiment

Discussants: RANDALL WALSH, University of Colorado-Boulder
AMY ANDO, University of Illinois-Urbana-Champaign
ANNA ALBERINI, University of Maryland
ANTONIO BENTO, University of Maryland


Jan. 7, 8:00 am
ES

Dynamic Factor Demand

Presiding: JONATHAN WILLIS, Federal Reserve Bank of Kansas City

RUSSELL W. COOPER and P. DEAN CORBAE, University of Texas--Dynamic Assignment

SHUTAO CAO, University of Texas--Plant Entry, Exit and Capital Adjustment Cost

MIKEAL CARLSSON, Sveriges Riksbank, STEFAN ERIKSSON, and NILS GOTTFRIES, Uppsala UniversityTesting Theories of Job Creation: Does Supply Create Its Own Demand?

ARTURO RAMIREZ-VERDUGO, Massachusetts Institute of Technology--Tax Incentives and Business Investment: New Evidence from Mexico

Discussants: JULIA THOMAS, University of Minnesota
JOHN C. HALTIWANGER, University of Maryland
ILAN COOPER, University of Haifa


Jan. 7, 8:00 am
ES

Open Economy Macroeconomics

Presiding: TIMOTHY J. KEHOE, University of Minnesota and Federal Reserve Bank of Minneapolis

MARTIN BODENSTEIN, Federal Reserve Board--Closing Open Economy Models

ROBERT KOLLMANN, University of Paris XII and CEPR--Exchange Rate Volatility and International Equity Portfolios: a DSGE Perspective

S. HENRY KIM, Tufts University, and M. AYHAN KOSE, International Monetary Fund--Welfare Implications of Trade Liberalization and Fiscal Reform: A Quantitative Experiment

ANDREW K. ROSE, University of California-Berkeley, and MARK M. SPIEGEL, Federal Reserve Bank of San Francisco--Reputational Spillovers and International Exchange


Jan. 7, 8:00 am
ES

Labor Market Dynamics

Presiding: PETRA TODD, University of Pennsylvania

FRANCIS KRAMARZ, CREST, and OSKAR NORDSTROM SKANS, Institutet fr Arbetsmarknadspolitisk Utvrdering--Nepotism at Work? Family Networks and Youth Labor Market Entry

GEORGE GAYLE and LIMOR GOLAN, Carnegie Mellon University--Estimating a Dynamic Adverse Selection Model: Labor Force Experience and the Changing Gender Earnings Gap

THOMAS C. BUCHMUELLER, University of California-Irvine, and ROBERT G. VALLETTA, Federal Reserve Bank of San Francisco--The Effect of an Employer Health Insurance Mandate on Health Insurance Coverage and the Demand for Labor: Generalizing from Hawaiis Experience

Discussants: MELISSA TARTARI, University of Pennsylvania
ELENA PASTORINO, University of Iowa
JULIA LANE, University of Chicago


Jan. 7, 8:00 am
ES

Macroeconomic Effects of Financial Frictions in Emerging Markets

Presiding: MARTIN URIBE, Duke University

DIEGO VALDERRAMA, Federal Reserve Bank of San Francisco, and KATHERINE A. SMITH, U.S. Naval Academy--The Composition of Capital Flows when Emerging Market Firms Face Financing Constraints

LAURA ALFARO, Harvard University, and FABIO KANCZUK, University of Sao Paulo--Debt Maturity: Is Long-Term Debt Optimal?

ENRIQUE G. MENDOZA, International Monetary Fund and University of Maryland--Endogenous Sudden Stops in an Equilibrium Model of the Business Cycle: Fishers Deflation of Tobins Q

JUAN CARLOS HATCHONDO, Federal Reserve Bank of Richmond, LEONARDO MARTINEZ, Federal Reserve Bank of Richmond, and HORACIO SAPRIZA, Rutgers UniversityA Quantitative Study of Sovereign Default with Heterogenous Borrowers

Discussants: JONATHAN HEATHCOTE, Georgetown University
JING ZHANG, University of Michigan
VINCENZO QUADRINI, University of Southern California, CEPR, and NBER
CRISTINA ARELLANO, University of Minnesota


Jan. 7, 8:00 am
ES

Game Theory

Presiding: YORAM HALEVY, University of British Columbia

Hugo Hopenhayn, University of California-Los Angeles, and FRANCESCO SQUINTANI, University College, London--Preemption Games with Private Information

ELLA SEGEV, Technion, Israel Institute of Technology--Reputation for Toughness in Bargaining with Incomplete Information

MEHMET BARLO, Sabanci University, GUILHERME CARMONA, Universidade Nova Lisboa, and HAMID SABOURIAN, University of Cambridge--One -- Memory in Repeated Games

YORAM HALEVY and MIKE PETERS, University of British Columbia--Why the Ultimatum Game may not be the Ultimate Experiment


Jan. 7, 8:00 am
ES

Evaluation of Public Policies

Presiding: JOSHUA ANGRIST, Massachusetts Institute of Technology

JOSHUA ANGRIST, Massachusetts Institute of Technology, VICTOR LAVY, and ANALIA SCHLOSSER, Hebrew University--New Evidence on the Causal Link between the Quantity and Quality of Children

JEROME ADDA, University College London and Institute for Fiscal Studies, MONICA COSTA DIAS, Institute for Fiscal Studies, COSTAS MEGHIR, University College London and Institute for Fiscal Studies, BARBARA SIANESI, Institute for Fiscal Studies--Evaluating Dynamic Treatment: The Swedish Active Labour Market Programmes

BRENT KREIDER, Iowa State University, and STEVEN C. HILL, Agency for Healthcare Research and Quality--Partially Identifying Treatment Effects with an Application to Covering the Uninsured

SERGIO FIRPO, PUC-Rio, and GEERT RIDDER, University of Southern California--Bounding the Distribution of Treatment Effects


Jan. 7, 8:00 am
HERO

Contributed Papers in Health Economics

Presiding: J. MICHAEL FITZMAURICE, Agency for Healthcare Research and Quality

ANDREW J. EPSTEIN, Yale University, JONATHAN KETCHAM, Arizona State University, and SEAN NICHOLSON, Cornell UniversitySpecialization and Sorting in the Obstetrics Market

BENOIT DOSTIE and PIERRE THOMAS LGERE, University of MontrealSelf-selection in Migration and Returns to Skills

JAMES B. REBITZER, Case Western Reserve University, JONATHAN C. JAVITT, Potomac Institute for Policy Studies, and LONNY REISMAN, Active Health Management, Inc.Information Technology and Medical Errors: Evidence from a Randomized Trial

Discussants: WILLIAM D. WHITE, Cornell University
DAVID O. MELTZER, University of Chicago
MARTIN GAYNOR, Carnegie Mellon University


Jan. 7, 8:00 am
IAFFE/ASGE

Parenthood and Work in Europe and the U.S. (J2)

Presiding: DANILE MEULDERS, Universit Libre de Bruxelles

DANILE MEULDERS and LEILA MARON, Universit Libre de Bruxelles--The Effect of Parenthood on Employment Continuity, Working Time and Segregation in Europe

JRME DE HENAU, Universit Libre de Bruxelles--To What Extent Do Attitudes and Values Explain Parents Employment Behaviour? Discussion from Twenty European Countries

SLE ODORCHAI and SALIMATA SISSOKO, Universit Libre de Bruxelles--The Motherhood Wage Penalty in Several European Countries

KATARINA WROHLICH, DIW Berlin (German Institute for Economic Research)--Labour Supply and Child Care Choices in a Rationed Child Care Market

CORDELIA REIMERS and PAMELA STONE, Hunter College-City University of New York--Declining Labor Force Participation of Highly Educated Mothers: A Change in Preferences or in Circumstances?

Discussants: KRISTIN DALE, Agder University College
JILL RUBERY, University of Manchester


Jan. 7, 8:00 am
LERA

Employment Relations in the Networked Firm: Implications of Changing Production
Strategies for Collective Bargaining in the US, Europe, Latin America, and Korea

Presiding: DANIELLE VAN JAARSVELD, University of British Columbia

VIRGINIA DOELLGAST, Kings College London--Changing Union Strategies Toward Call Center Restructuring in the U.S. and Germany

MARK ANNER, Pennsylvania State University--The Impact of Buyer Driven versus Producer-Driven Commodity Chains on Transnational Labor and NGO Alliance Formation

ROBERT HICKEY, Queens University--Transformation of the U.S. Mailing Industry: Firm Strategies and the Growth of Privatized Postal Services

HYUNJI KWON, Cornell University--Diverging Secondary Labor Markets and Union Responses in the Korean Banking Industry

Discussants: JOHN PAUL MACDUFFIE, University of Pennsylvania
DEBBIE GOLDMAN, Communication Workers of America


Jan. 7, 8:00 am
LERA

Conflict and Cooperation in Employment Relations as the Airline Industry Restructures:
International Perspectives, Comparisons and Futures

Presiding: ROBERT B. MCKERSIE, Massachusetts Institute of Technology

JODY HOFFER GITTELL, Brandeis University, GREG J. BAMBER, Griffith University, and JUDY PATE, University of GlasgowCompetition in the Global Airline Industry: High-Road versus Low-Road Strategies by Low-Cost Carriers and Legacy Carriers

ANDREW VON NORDENFLYCHT, Simon Fraser University, RUSSELL D. LANSBURY, SARAH OXENBRIDGE, University of Sydney, JOE WALLACE, SIOBHAN TIERNAN, and LORRAINE WHITE, University of Limerick--The Restructuring of Employment Relationships at Legacy Airlines: International Comparisons of Processes and Outcomes

THOMAS A. KOCHAN, Massachusetts Institute of Technology, PHIL BEAUMONT, University of Glasgow, and PETER TURNBULL, Cardiff UniversityBlending Old and New: How Low-Cost and Legacy Carriers are Shaping the Airline Industry

Discussants: PATRICIA FRIEND, Association of Flight Attendants
JERROLD GLASS, F & H Solutions Group


Jan. 7, 8:00 am
LERA/IAFFE

Beyond the Paycheck: Women Workers, Social Insurance and Employment Supports

Presiding: JUNE LAPIDUS, Roosevelt University

MARTHA MACDONALD, Saint Marys University--Women and Canadas Employment Insurance: The First Decade

LONNIE GOLDEN, Pennsylvania State University-Abington--Strength and Flexibility: Gender Differentials in Flexible Daily Work Scheduling and Location Supports

VICKY LOVELL, Institute for Womens Policy ResearchWhat Happnes to Workers When They Get Sick?

HEATHER BOUSHEY, Center for Economic Policy Research, and RANDY ALBELDA, Univeresity of Massachusetts-Boston--Bridging the Gaps: Can Single Mothers Package Earnings and Government Benefits to Make Ends Meet?

Discussant: PAULA VOOS, Rutgers University


Jan. 7, 8:00 am
NEA

Eliminating Racial and Ethnic Health Disparities: Twenty years After the Initiative (I1)

Presiding: ALBERT OKUNADE, University of Memphis

SHELLEY IRENE WHITE-MEANS, University of Tennessee Health Science Center--Racial Bias Among Pharmacy, Nursing, and Medical Students: The Impact of Cultural Competency on Health Disparities

GREGORY N. PRICE, Jackson State University--Race, Social Capital, and Health Disparities

DARRELL J. GASKIN, Johns Hopkins University--Effects of Residential Segregation and Poverty on Health Care Disparities

ALVIN E. HEADEN JR., North Carolina State University--Test of the Opportunity-Cost-of-Time Hypothesis: Differential Rates of Decline in Primary Informal Caregiver Hours of Care for Black and White Elderly Disabled by Limitations in Activities of Daily Living

Discussants: CHARLES BETSEY, Howard University
DAVID POYER, Morehouse College
ALBERT OKUNADE, University of Memphis
LINWOOD TAUHEED, University of Missouri-Kansas City


Jan. 7, 8:00 am
NAEFA

Financial Stability in the Countries Converging to the Euro (E4)

Presiding: LUCJAN ORLOWSKI, Sacred Heart University

BALZS GERT, Austrian National Bank, JESS CRESPO-CUARESMA, University of Vienna, and THOMAS REININGER, Austrian National Bank--Interest Rate Pass-Through in Central and Eastern Europe: Reborn from Ashes to Pass Away?

LUCJAN T. ORLOWSKI, Sacred Heart University--Exchange Rate Risk, Financial Stability and the Euro-Convergence of New Member States

ALI M. KUTAN, Southern Illinois University-Edwardsville--The Reaction of Asset Prices to Monetary Policy Announcements in Emerging European Economies: Evidence from the Czech Republic, Hungary and Poland

BALZS GERT, Austrian National Bank, and EVEN KOČENDA, Charles University-- Contagion Across and Integration of European Emerging Stock Markets: Evidence from Intraday Data

GERHARD FINK, PETER HAISS, Vienna University of Economics and Business Administration, and GORAN VUKIĆ, Institute of Public Finance, Zagreb--Importance of Financial Sectors for Growth in Accession Countries

Discussants: JARKO FIDRMUC, University of Munich
DAVID KEMME, University of Memphis
PIERRE L. SIKLOS, Wilfrid Laurier University, Waterloo


Jan. 7, 8:00 am
SED

Recent Advances in Optimal Dynamic Taxation

Presiding: IVN WERNING, Massachusetts Institute of Technology

DARON ACEMOGLU, Massachusetts Institute of Technology, and MICHAEL GOLOSOV, Massachusetts Institute of Technology, and ALEH TSYVINSKI, Harvard University--Markets Versus Governments, Political Economy of Mechanisms

STEFANIA ALBANESI, Columbia University--Optimal Taxation of Entrepreneurial Capital with Private Information

NARAYANA KOCHERLAKOTA, University of Minnesota and Federal Reserve Bank of Minneapolis, and CHRISTOPHER PHELAN, Federal Reserve Bank of Minneapolis--Robust Taxation in the Atkeson-Lucas Model

IVN WERNING and EMMANUEL FARHI, Massachusetts Institute of Technology--Capital Taxation: Quantitative Explorations


Jan. 7, 8:00 am
SGE

Measuring the Impact of Government and Foreign Funding of R&D

Presiding: JAMES ADAMS, Rensselaer Polytechnic Institute

JOHN M. NAIL and ROBERT T. SIENKIEWICZ, National Institute of Standards and Technology--Valuation of Public-Private Technology Investments: Following a Real Options Approach: The Case of the Advanced Technology Program

LAURA I. SCHULTZ, U.S. Bureau of Economic Analysis--Comparing the Returns to Privately and Publicly Financed Research and Development

LEO SVEIKAUSKAS, U.S. Bureau of Labor StatisticsPatent Citations and the International Transmission of R&D Knowledge

Discussants: SHANE GREENSTEIN, Northwestern University
LAWRENCE MCNEIL, U.S. Bureau of Economic Analysis


Jan. 7, 8:00 am
URPE

Global Financial Issues and Problems (F3)

Presiding: EDWARD NELL, New School for Social Research

RAMAA VASUDEVAN, New School for Social ResearchGlobal Imbalance and the Hegemony of the Dollar: Exporting Fragility to the Periphery

SUSAN SCHROEDER, Auckland University of Technology, New ZealandThe Rates of Interest and Profit and the Formation of Financial Fragility

ESTEBAN PEREZ CALDENTY, United NationsThe Accumulation of Debt in Small Open Economies: The Caribbean Case

Discussants: JOHN EATWELL, Cambridge University, UK
EDWARD NELL, New School for Social Research
PHILLIP OHARA, Curtin University, Australia


Jan. 7, 8:00 am
URPE

Heterodox Perspectives on Money (E4)

Presiding: EDWIN DICKENS, Saint Peters College

EDWIN DICKENS, Saint Peters CollegeA Classical Theory of Monetary Policy

DANIEL E. SAROS, Valparaiso UniversityThe Price-Form as a Fractional Reflection of the Aggregate Value of Commodities

RON BAIMAN, Loyola University-ChicagoAccumulation Through Dispossessing: Modeling the New U.S. Rentier Capitalism

ANDREW B. TRIGG, Open University, UKMoney, Substitution and the Pasinetti Pure Production Model as a Foundation to Post Keynesian Theory

Discussants: EDWIN DICKENS, Saint Peters College
ANDREW B. TRIGG, Open University, UK


Jan. 7, 10:15 am
AEA

Empirical Corporate Credit Risk Pricing

Presiding: FAN YU, University of California-Irvine

XING ZHOU, Rutgers UniversityInformation, Liquidity and Corporate Yield Spreads

BENJAMIN ZHANG, Fitch Ratings, HAO ZHOU, Federal Reserve Board, and HAIBIN ZHU, Bank for International Settlements--Explaining Credit Default Swap Spreads with the Equity Volatility and Jump Risks of Individual Firms

CHARLES CAO, Pennsylvania State University, FAN YU, University of California-Irvine, and ZHAODONG ZHONG, Pennsylvania State UniversityThe Information Content of Option-Implied Volatility for Credit Default Swap Valuation

Discussants: FRANCIS LONGSTAFF, University of California-Los Angeles
PIERRE COLLIN-DUFRESNE, University of California-Berkeley
JEAN HELWEGE, Pennsylvania State University


Jan. 7, 10:15 am
AEA

Macro Applications of Robust Control

Presiding: THOMAS SARGENT, New York University

MICHAEL WOODFORD, Columbia UniversityRobustly Optimal Monetary Policy

GIACOMO RONDINA, STEVE DURLAUF, and WILLIAM BROCK, University of Wisconsin-MadisonDesign Limits

LARS HANSEN, University of Chicago, and THOMAS SARGENT, New York UniversityFragile Expectations and the Market Price of Model Uncertainty

Discussants: MARCELO BASSETTO, Federal Reserve Bank of Chicago
CHRISTOPHER SIMS, Princeton University
RAVI BANSAL, Duke University


Jan. 7, 10:15 am
AEA

Culture and Economics (Z1)

Presiding: ALESSANDRA FOGLI, New York University

RAQUEL FERNANDEZ and ALESSANDRA FOGLI, New York UniversityThe Evolution of Preferences and Womens Work: A Quantitative Evaluation of the Role of Culture

ALBERTO BISIN, New York University, ELEONORA PATACCHINI, Universita di Roma La Sapienza, THIERRY VERDIER, PSE, France, YVES ZENOU, IUI SwedenBend It Like Becham: Identity, Socialization, and Assimilation

SCOTT PAGE and JENNA BEDNAR, University of MichiganCulture and Institutional Path Dependence

AVNER GREIF, Stanford UniversityThe Impact of Political Legitimacy on Developmental Trajectories

Discussants: To be announced.


Jan. 7, 10:15 am
AEA

Dynamic Games

Presiding: FLAVIO TOXVAERD, University of Cambridge

TRI VI DANG, University of MannheimAlternating Offer Bargaining with Endogenous Information

YI ZHANG, University of California-Los AngelesRobust Herding with Endogenous Ordering I: One-Sided Commitment

FLAVIO TOXVAERD, University of CambridgeDynamic Limit Pricing

ANDREAS BERGH and PETER ENGSELD, The Ratio InstituteCooperation and Reputation


Jan. 7, 10:15 am
AEA

Human Capital Investment and Borrowing Constraints (J2)

Presiding: CHRISTOPHER TABER, Northwestern University

TODD STINEBRICKNER, University of Western OntarioUnderstanding the Importance of Credit Constraints in Higher Education: Two Direct Approaches

JAMES HECKMAN and FLAVIO CUNHA, University of ChicagoThe Role of Short Term and Long Run Family Credit Constraints on Child Development and Education

HELENA SKYT NIELSON, TORBEN SRENSEN, University of Aarhus, and CHRISTOPHER TABER, Northwestern UniversityThe Effect of Borrowing Constraints on College Attendance: Evidence from a Reform of Government Grant Policy

HAIYONG LIU, East Carolina University, and WILBERT VAN DER KLAAUW, University of North CarolinaFederal Aid and College-Going Behavior

Discussants: SUSAN DYNARSKI, Harvard University
KENNETH WOLPIN, University of Pennsylvania
THOMAS KANE, Harvard University


Jan. 7, 10:15 am
AEA

Recent Developments in Endogenous Growth Theory (O4)

Presiding: AREENDAM CHANDA, Louisiana State University

ODED GALOR, Brown University, OMER MOAV, Hebrew University, and YONA RUBINSTEIN, Tel Aviv UniversityThe Rise and Fall of the Quality-Quantity Trade-off in the Process of Development

PETER HOWITT, Brown University, PHILLIPE AGHION, Harvard University, and DIEGO COMIN, New York UniversityWhen Does Domestic Saving Matter for Economic Growth?

PIETRO PERETTO, Duke University, and JOHN SEATER, North Carolina State UniversityFactor-Augmenting Technical Change

Discussants: MATTHIAS DOEPKE, University of California-Los Angeles
PIETRO PERETTO, Duke University
DIEGO COMIN, New York University


Jan. 7, 10:15 am
AEA

Computer Assisted Instruction: New Resources and Updates (A2)

Presiding: TOD S. PORTER, Youngstown State University

INNA POMORINA and JOHN SLOMAN, University of Bristol, UKEconomics Network Resources

REBECCA TAYLOR, Nottingham Trent University, UKMathematics for Economics: An Update on the METAL Project

STEVE GREENLAW and ELIZABETH ELZER, University of Mary WashingtonUsing Wikis to Empower Student Learning in Seminar Courses

K.K. FUNG, University of MemphisFlashEcon and Opus: Constructing Internet Applications to Support Instruction

Discussant: TERESA M. RILEY, Youngstown State University


Jan. 7, 10:15 am
AEA

House Prices (R3)

Presiding: EDWARD GLAESER, Harvard University

EDWARD GLAESER, Harvard University, and JOSEPH GYOURKO, University of PennsylvaniaWhy Do Housing Prices Mean Revert?

CHRISTOPHER OTROK, University of Virginia, and MARCO DEL NEGRO, Federal Reserve Bank of AtlantaMonetary Policy and the House Price Boom Across U.S. States

ANDREW CAPLIN, JOHN LEAHY, and TRIVIKRAMAN THAMPY, New York UniversityHedonic Analysis of House Prices: New Data, New Methods


Jan. 7, 10:15 am
AEA

Exchange Rate Puzzles (F3)

Presiding: MARTIN EICHENBAUM, Northwestern University

MARTIN EICHENBAUM, Northwestern University, CRAIG BURNSIDE, Duke University, ISSAC KLESHCHELSKI, and SERGIO REBELO, Northwestern UniversityThe Returns to Currency Speculation

FERNANDO ALVAREZ, University of Chicago, ANDREW ATKESON, University of California-Los Angeles, and PATRICK KEHOE, University of MinnesotaTime-Varying Risk, Interest Rates, and Exchange Rates in General Equilibrium

ERIC VAN WINCOOP, University of Virginia, and PHILIPPE BACCHETTA, University of LausanneRational Inattention: A Solution to the Forward Discount Puzzle

Discussants: JOHN COCHRANE, University of Chicago
JOHN HEATON, University of Chicago
ADRIANO RAMPINI, Duke University


Jan. 7, 10:15 am
AEA

The Economics of the Long Tail (J1)

Presiding: FELIX OBERHOLZER-GEE, Harvard University

ONSEL EMRE, ALI HORTACSU, and CHAD SYVERSON, University of ChicagoE-commerce and the Market Structure of Retail

ANITA EBERSE and FELIX OBERHOLZER-GEE, Harvard UniversityEntertainment Products in Online and Offline Channels: An Examination of the Long Tail

ERIK BRYNJOLFSSON, Massachusetts Institute of Technology, YU JEFFREY HU, Purdue University, and DUNCAN SIMESTER, Massachusetts Institute of TechnologyGoodbye Pareto Principle, Hello Long Tail: Modeling and Measuring the Effect of Search Cost on Product Sales Distribution

Discussants: EMIN M. DINLERSOZ, University of Houston
PAI-LING YIN, Harvard University
TIM BRESNAHAN, Stanford University


Jan. 7, 10:15 am
AEA

International Capital Flows (F3)

Presiding: ROBERT KOLLMANN, University of Paris

HLNE REY, Princeton University, and PIERRE-OLIVIER GOURINCHAS, University of California-BerkeleyIntertemporal Approach to the Financial Account

MARTIN EVANS and VIKTORIA HNATKOVSKA, Georgetown UniversityInternational Capital Flows, Returns and World Financial Integration

ANDREW RAFFO, Federal Reserve Bank of Kansas CityNet Exports, Consumption Volatility and International Business Cycle Models

ROBERT KOLLMANN, University of ParisInternational Portfolio Equilibrium and the Current Account

Discussants: STPHANE GUIBAUD, Princeton University
ANNA PAVLOVA, London Business School
PAOLO PESENTI, Federal Reserve Bank of New York
PAUL BERGIN, University of California-Davis


Jan. 7, 10:15 am
AEA

Big Box Stores and the Future of Retail (L1)

Presiding: JUSTIN WOLFERS, University of Pennsylvania

LUCIA FOSTER, U.S. Census Bureau, JOHN HALTIWANGER, University of Maryland, and C.J. KRIZAN, U.S. Census BureauThe Evolution of National Retail Chains: How We Got Here

EMEK BASKER, University of Missouri, SHAWN KLIMEK, U.S. Census Bureau, and PHAM HOANG VAN, Baylor UniversitySupersize It: The Growth of Retail Chains and the Rise of Big Box Stores

PANLE JIA, Yale UniversityWhat Happens When Wal-Mart Comes to Town: An Empirical Analysis of the Discount Retailing

PAUL ELLICKSON and ARIE BERESTEANU, Duke UniversityThe Dynamics of Retail Oligopoly

Discussants: JUSTIN WOLFERS, University of Pennsylvania
JERRY HAUSMAN, Massachusetts Institute of Technology
THOMAS HOLMES, University of Minnesota
JOEL WALDFOGEL, University of Pennsylvania


Jan. 7, 10:15 am
AEA

Committee on the Status of Minority Groups in the Economics Profession-- Dissertation Session

Presiding: SUSAN COLLINS, Georgetown University and Brookings Institution

CARMEN CARRION-FLORES, University of ArizonaWhat Makes You Go Back Home? Determinants of the Duration of Migration of Mexican Immigrants in the U.S.

OMAR GALARRAGA, Johns Hopkins UniversityThe Employment Effect of Antidepressants for Women Living with HIV in the U.S.: Evidence from the Womens Interagency HIV Study (WIHS), 1994-2004

NICHOLAS J. HILL, Jackson State UniversityIs It Really Safe Sex? Analyzing the Causal Link between Contraceptive Use and Crime Rates

ADRIAN PRICE, Jackson State UniversityThe Macroeconomy and Health Insurance Coverage of Minorities

FRED WANDEY, University of MinnesotaA Confidence Interval for Default and Prepayment Predictions of Manufactured Housing Seasoned Loans

Discussants: PETER HENRY, Stanford University
SUE STOCKLY, Eastern New Mexico University


Jan. 7, 10:15 am
AEA

Debt Restructuring (G0)

Presiding: HULYA ERASLAN, University of Pennsylvania

ALEX GUEMBEL and OREN SUSSMAN, Oxford UniversitySovereign Debt without Default Penalties

KENNETH KLETZER, University of California-Santa CruzSovereign Bond Restructuring, Collective Action Clauses, and Official Crisis Intervention

PHILIP BOND and HULYA ERASLAN, University of PennsylvaniaDebt Restructuring and Voting Rules


Jan. 7, 10:15 am
AEA

Risk Sharing and Cooperation in Social Networks (C7)

Presiding: MARKUS MOBIUS, Harvard University

FRANCIS BLOCH, GREQAM, GARANCE GENICOT, Georgetown University, and DEBRAJ RAY, New York UniversityInformal Insurance in Social Networks

YANN BRAMOULLE, Universite Laval, and RACHEL KRANTON, University of MarylandRisking Sharing Networks

MARCEL FAFCHAMPS, University of Oxford, and FLORE GUBERT, IRD-PARISThe Formation of Risk Sharing Networks

DEAN KARLAN, Yale University, MARKUS MOBIUS, Harvard University, TANYA ROSENBLAT, Wesleyan University, and ADAM SZEIDL, University of California-BerkeleyCooperation and Trust in Social Networks

Discussants: DIRK BERGEMANN, Yale University
MATTHEW JACKSON, California Institute of Technology
DEAN KARLAN, Yale University
AVINASH DIXIT, Princeton University


Jan. 7, 10:15 am
AEA

Patents and Copyrights (O3)

Presiding: ROBERT HUNT, Federal Reserve Bank of Philadelphia

BRONWYN HALL, NBER, University of California-Berkeley, and MERIT, and ROSEMARIE HAM-ZIEDONIS, University of MichiganAn Empirical Analysis of Non-Rival Patent Litigation

JAMES BESSEN, Research on Innovation and Boston UniversityThe Value of U.S. Patents by Owner and Patent Characteristics

ROBERT HUNT and LEONARD NAKAMURA, Federal Reserve Bank of PhiladelphiaThe Democratization of U.S. Research and Development after 1980

IVAN PNG, National University of Singapore, and QIU-HONG WANG, AccentureCopyright Duration and the Supply of Creative Work: Evidence from theMovies

Discussants: BEATRICE DUMONT, University Rennes
WESLEY COHEN, Duke University and NBER
JOSHUA LERNER, Harvard University and NBER
MATTHEW BAKER, U.S. Naval Academy


Jan. 7, 10:15 am
AEA

Economics and Child Well-Being (J1)

Presiding: MARIANNE PAGE, University of California-Davis

JANET CURRIE, Columbia University, and MARK STABILE, University of TorontoChild Mental Health and Human Capital Accumulation

MICHAEL BAKER, University of Toronto, and KEVIN MILLIGAN, University of British ColumbiaThe Impact of Maternity Leaves on Child Outcomes

MARIANNE PAGE, University of California-DavisFathers Education and Childrens Human Capital: Evidence from the WWII GI

JUSTIN MCCRARY and HEATHER ROYER, University of MichiganMaternal Schooling and Early Human Capital Investments

Discussants: DIANE WHITMORE, University of Chicago
PHILIP OREOPOLOUS, University of Toronto
KRISTIN BUTCHER, Federal Reserve Bank of Chicago
KELLY BEDARD, University of California-Santa Barbara


Jan. 7, 10:15 am
AEA

Growth Transitions (O4)

Presiding: SIMON JOHNSON, Massachusetts Institute of Technology

RICARDO HAUSMANN, Harvard University, LANT PRITCHETT, World Bank, and DANI RODRIK, Harvard UniversityGrowth Accelerations

WILLIAM EASTERLY, New York UniversityReliving the 50s: The Big Push, Poverty Traps, and Takeoffs in Economic Development

BENJAMIN JONES, Northwestern University, and BENJAMIN OLKEN, Harvard UniversityThe Anatomy of Start-Stop Growth

Discussants: MICHAL JERZMANOWSKI, Clemson University
SIMON JOHNSON, Massachusetts Institute of Technology
CHANG-TAI HSIEH, University of California-Berkeley


Jan. 7, 10:15 am
AEA/ACAES

The Economics of HIV/AIDS in Asia: Economic Development Risks

Presiding: MARKUS HAACKER, International Monetary Fund, and RICHARD HOOLEY, University of Pittsburgh

MARKUS HAACKER, International Monetary FundHIV/AIDS, Health, and Economic Development in Asia

DAVID WILSON, World BankUnderstanding and Responding to a Heterogeneous Epidemic: Evolution of the Epidemic, Its Main Drivers and Implications for Awareness and Prevention Strategies

MEAD OVER, Center for Global DevelopmentCost Effectiveness and Fiscal Burden of AIDS Treatment Programs: A Simulation Model to Maintain Financial Sustainability Using Data for Thailand and India

Discussants: DAVID BLOOM, Harvard University
M.G. QUIBRIA, Singapore Management University
STEFANO BERTOZZI, Instituto Nationale de Salud Publica, Mexico


Jan. 7, 10:15 am
AEA/ACES

Comparative Economics at the Firm Level: Effects of Country and Ownership Type (P5)

Presiding: GRARD ROLAND, University of California-Berkeley

NICK BLOOM, Stanford University and London School of Economics, and JOHN VAN REENEN, London School of EconomicsMeasuring and Explaining Management Practices across Firms and Countries

MARK SCHLESINGER, Yale UniversitySorting, Selection and the Role of Organizational Ownership in Consumer Choice

MASAHIKO AOKI, Stanford UniversityComparative Corporate Governance and Its Complementarities with Organizational Architecture

AVNER BEN-NER, University of MinnesotaComparison of Structure, Behavior and Performance in For-Profit, Nonprofit and Government Organizations: A Study of Nursing Homes

Discussants: MARTIN GAYNOR, Carnegie Mellon University
MICHAEL GIBBS, University of Chicago
GRARD ROLAND, University of California-Berkeley
JAN SVEJNAR, University of Michigan
BURTON A. WEISBROD, Northwestern University


Jan. 7, 10:15 am
AEA/AFE

Corporate Governance and Performance II

Presiding: LEMMA W. SENBET, University of Maryland

BENJAMIN E. HERMALIN, University of California-Berkeley, and MICHAEL S. WEISBACH, University of Illinois-Urbana-ChampaignA Framework for Assessing Corporate Governance Reform

STEWART MYERS, Massachusetts Institute of Technology, and BART LAMBRECHT, Lancaster UniversityDebt and Managerial Rents in a Real-Options Model of the Firm

KOSE JOHN, New York University, and ANZHELA KNYAZEVAPayout Policy, Agency Conflicts, and Corporate Governance

Discussants: PATRICK BOLTON, Columbia University
PETER M. DEMARZO, Stanford University
LEMMA W. SENBET, University of Maryland


Jan. 7, 10:15 am
AFA

Financial Market Returns and the Macroeconomy

Presiding: STEFAN NAGEL, Stanford University

MARTIN LETTAU and STIJN VAN NIEUWERBURGH, New York UniversityReconciling the Return Predictability Evidence

MENACHEM BRENNER, New York University, PAOLO PASQUARIELLO, University of Michigan-Ann Arbor, and MARTI G. SUBRAHMANYAM, New York UniversityFinancial Markets and the Macro Economy

LONG CHEN, Michigan State University, RALITSA PETKOVA, Case Western Reserve University, and LU ZHANG, University of RochesterThe Expected Value Premium

Discussants: JONATHAN LEWELLEN, Dartmouth College
AMIT GOYAL, Emory University
ANDREA FRAZZINI, University of Chicago


Jan. 7, 10:15 am
AFA

Mutual Fund Performance

Presiding: LU ZHENG, University of Michigan-Ann Arbor

ANTTI PETAJISTO and MARTIJN CREMERS, Yale UniversityHow Active is Your Fund Manager? A New Measure that Predicts Performance

SERGEI SARKISSIAN and SUSAN KERR CHRISTOFFERSEN, McGill UniversityCity Size and Fund Performance

RUSS WERNERS, University of Maryland, TONG YAO, and JANE ZHAO, University of ArizonaValue of Mutual Fund Portfolio Information: Stock Level Evidence

Discussants: CLEMENS SIALM, University of Michigan-Ann Arbor
ZHI WANG, University of Illinois-Urbana-Champaign
LUBOS PASTOR, University of Chicago


Jan. 7, 10:15 am
AFA

Liquidity in Financial Markets

Presiding: RONNIE SADKA, University of Washington

WENJIN KANG, ALLAUDEEN HAMEED, National University of Singapore, and S. VISWANATHAN, Duke UniversityStock Market Decline and Liquidity

PRACHI DEUSKAR, New York UniversityExtrapolative Expectations: Implications for Volatility and Liquidity

ANURAG GUPTA, AJAI K. SINGH, Case Western Reserve University, and ALLAN A. ZEBEDEE, San Diego State UniversityLiquidity in the Pricing of Syndicated Loans

Discussants: VIRAL ACHARYA, London Business School
DIMITRI VAYANOS, London Business School
VICTORIA IVASHINA, New York University


Jan. 7, 10:15 am
AFA

IPOs, SEOs, and Investment Banking

Presiding: ALON BRAV, Duke University

PAUL OYER, Stanford UniversityThe Making of an Investment Banker: Macroeconomic Shocks, Career Choice, and Lifetime Income

BERNARDO BORTOLOTTI, Fondazione Eni Enrico Mattei, WILLIAM L. MEGGINSON, University of Oklahoma, and SCOTT SMART, Indiana University-BloomingtonThe Rise of Accelerated Seasoned Equity Underwritings

OYA ALTINKILIC, University of Pittsburgh, ROBERT S. HANSEN, and EMIR HRNJIC, Tulane UniversityInvestment Bank Governance

THOMAS J. CHEMMANUR, SHAN HE, Boston College, and DEBARSHI NANDY, York UniversityThe Going Public Decision and the Product Market

Discussants: DAVID ROBINSON, Duke University
ROBERT HANSEN, Tulane University
YUNIV GRINSTEIN, Cornell University
ITAY GOLDSTEIN, Duke University and University of Pennsylvania


Jan. 7, 10:15 am
AFA

Security Analysts: Conflicts of Interest in Opinions and Return Predictability

Presiding: AVANIDHAR SUBRAHMANYAM, University of California-Los Angeles

ALEXANDER LJUNGQVIST, New York University, CHRISTOPHER J. MALLOY, London Business School, and FELICIA C. MARSTON, University of VirginiaRewriting History: Career Concerns and Strategic Behavior by Equity Analysts

JOHN S. HOWE, EMRE UNLU, and XUEMIN STERLING YAN, University of Missouri-ColumbiaThe Predictive Content of Aggregate Analyst Recommendations

BILAL ERTURK, Texas A&M UniversityDispersion of Forecasts and Stock Returns

FRANCOIS DERRIEN, University of TorontoCurrying Favor to Win IPO Mandates

Discussants: JENNIFER JUERGENS, Arizona State University
JAMES WESTON, Rice University
ANNA SCHERBINA, Northwestern University and Harvard University
LESLIE BONI, University of New Mexico


Jan. 7, 10:15 am
AREUEA

Risk and Land

Presiding: JANET KOHLHASE, University of Houston

MIN HWANG and SAU KIM LUM, National University of Singapore--The Effects of Discretionary Land Policies on Asset Returns

RAPHAEL W. BOSTIC, CHRISTIAN REDFEARN, University of Southern California, and STANLEY LONGHOFER, Wichita State University--The Impact of Land Leverage on Land Value Trajectories and Implications for the Use of Land Taxation Schemes

JOSEPH T.L. OOI, National University of Singapore, C.F. SIRMANS, University of Connecticut, and GEOFFREY K. TURNBULL, Georgia State University--The Option Value of Vacant Land

MORRIS A. DAVIS and MICHAEL G. PALUMBO, Federal Reserve Board--The Price of Residential Land in Large U.S. Cities

Discussants: EDWARD COULSON, Pennsylvania State University
STEVEN CRAIG, University of Houston
NANCY WALLACE, University of California-Berkeley
ANDY HAUGHWOUT, Federal Reserve Bank of New York


Jan. 7, 10:15 am
AREUEA

Housing Supply

Presiding: ROBERT H. EDELSTEIN, University of California-Berkeley

ARTHUR GRIMES and ANDREW AITKEN, Motu Economic & Public Policy Research Trust--Housing Supply and Price Adjustment

RICHARD J. BUTTIMER, JR., STEVEN P. CLARK, and STEVEN H. OTT, University of North Carolina-Charlotte--Land Development: Risk, Return and Risk Management

THOMAS DAVIDOFF, University of California-Berkeley, and SAKU AURA, University of Missouri--Supply Constraints and Housing Prices

FRANCOIS ORTALO-MAGNE, University of Wisconsin, and ANDREA PRAT, London School of Economics--The Political Economy of Housing Supply

Discussants: LUM SAU KIM, National University of Singapore
TSUR SOMERVILLE, University of British Columbia
STEPHEN MALPEZZI, University of Wisconsin
BRANKO UROSEVIC, Universitat Pompeu Fabra


Jan. 7, 10:15 am
AREUEA

Access to Mortgage Credit

Presiding: SUSAN M. WACHTER, University of Pennsylvania

DARIUS PALIA and WEI YU, Rutgers University--Discrimination in Prime and Subprime Mortgage Lending and the Impact of Predatory Lending Legislation

ROBERT B. AVERY, KENNETH P. BREVOORT, and GLENN B. CANNER, Federal Reserve Board--Does Credit Scoring Produce a Disparate Impact?

JAMES B. KAU, DONALD C. KEENAN, and HENRY J. MUNNEKE, University of Georgia--Racial Discrimination and Mortgage Lending

STUART S. ROSENTHAL, Syracuse University, and STUART A. GABRIEL, University of Southern California--Secondary Mortgage Markets and Access to Credit: 1992-2002

Discussants: ANTHONY PENNINGTON-CROSS, Federal Reserve Bank
ANTHONY YEZER, George Washington University
MARSHA COURCHANE, ERS Group
SUSAN M. WACHTER, University of Pennsylvania


Jan. 7, 10:15 am
AFEE

Institutional and Evolutionary Foundations for Policy Making (B4)

Presiding: NATHALIE LAZARIC, University de Nice Sophia Antipolis, France

JOHN GROENEWEGEN and MARIANNE VAN DER STEEN, Delft University, The Netherlands
Instrumental Values for Evolutionary Policymaking

SEBASTIAN BERGER, University of Sorbonne, Paris 1, and WOLFRAM ELSNER, University of Bremen--Neglected Contributions to Evolutionary Institutional Economics: The Cases of K.W. Kapps Open Systems Approach and G. Myrdals Cumulative Circular Causation: Their Analytical and Policy Implications

JASON POTTS, University of Queensland, Australia--Can a Better Theory of Rules Make for a
Better Theory of Institutions?

ALEXANDER EBNER, University of Erfurt, Germany--The Rationale of Social Policy and the
Transformation of the Welfare State: Institutional Perspectives

ANTON OLEINIK, Memorial University of Newfoundland, Canada--The Minimization of Missed
Opportunities or Relative Losses: A New Theory of Choice

Discussant: GEOFFREY HODGSON, University of Hertfordshire, UK


Jan.7, 10:15 am
ASE

Sustainability of the Global System: New Insights from "Human Ecology
Economics"

Presiding: ROY E. ALLEN, Saint Mary's College of California

ROY E. ALLEN, Saint Mary's College of California--Ideologies, Mythologies, and Ways of Being in the Global Human Ecology

ANTONIO CASSELLA, Universidad Simon Rodriguez and Petroleos de Venezuela SA--Sustainability of the Human Ecology: The Need to Readjust What We Know with What We Imagine

ASBJORN JOSEIDJORD, Saint Mary's College of California--Creating a Credible and Efficient Market for Greenhouse Gas Reductions

DONALD SNYDER, Saint Mary's College of California--Strange Priors: Understanding Controversies Associated with "Globalization

Discussants: GUILLAUME DAUDIN, Observatoire Francois des Conjonctures conomiques
RAVI BHANDARI, Saint Mary's College of California


Jan. 7, 10:15 am
ASGE

Experimental Research in Charitable Giving (D1)

Presiding: JAMES ANDREONI, University of California-San Diego

JEFFREY CARPENTER, JESSICA HOLMES, and PETER MATTHEWS, Middlebury College--Choosing to Bid and Bidding to Give: Comparing Fundraising Formats in the Lab when Participation Is Endogenous

RACHEL CROSON, University of Pennsylvania, and JEN SHANG, Indiana University-Purdue University-IndianapolisSocial Information in Charitable Giving

ANNA BREMEN, University of StockholmGive More Tomorrow: A Field Experiment on Charitable Giving

LISE VESTERLUND, University of Pittsburgh, MARK WILHELM, Indiana University-Purdue University-Indianapolis, and HUAN XIE, University of PittsburghA Direct Test of the Warm-Glow Model of Giving

Discussants: JACOB GOEREE, California Institute of Technology
YAN CHEN, University of Michigan
JOHN LIST, University of Chicago
CATHERINE ECKEL, University of Texas-Dallas


Jan. 7, 10:15 am
AERE

Understanding How Households Value Risk to Children (Q5)

Presiding: J.R. DESHAZO, University of California-Los Angeles

MARY F. EVANS, University of Tennessee, CHRISTINE POULOS, University of Missouri-Columbia, and V. KERRY SMITH, Arizona State University--Individual Preferences and Household Choices: The Potential Role of Dependency Relationships

W. MICHAEL HANEMANN, University of California-Berkeley, and SYLVIA BRANDT, University of Massachusetts-Amherst--Willingness to Pay for Improved Childrens Health: A Comparison of Stated and Revealed Preference Models

SHELBY GERKING and MARK DICKIE, University of Central Florida--Altruism and Environmental Risk to Health of Parents and Their Children

J.R. DESHAZO, University of California-Los Angeles, TRUDY CAMERON, ERICA JOHNSON, University of Oregon, and RYAN BOSWORTH, North Carolina State University--The Effect of the Presence of Children on Adult Demand for Private and Public Life-saving Policies

Discussants: SANDRA A. HOFFMANN, Resources for the Future
ROGER VON HAEFEN, North Carolina State University
ALAN J. KRUPNICK, Resources for the Future
REED JOHNSON, Research Triangle Institute


Jan. 7, 10:15 am
ES

Political Economy

Presiding: HUMBERTO LLAVADOR, Universitat Pompeu Fabra

ELENA PANOVA, Universit du Qubec Montral--A Model of Media Pandering

HELIOS HERRERA , Instituto Tecnolgico Autnomo de Mxico, and ANDREA MATTOZZI, California Institute of Technology--Turnout and Quorum in Referenda

GIOVANNI FACCHINI, University of Illinois, and CECILIA TESTA, Royal Holloway University of London--Bicameralism and Accountability with Motivated Legislators

HUMBERTO LLAVADOR, Universitat Pompeu Fabra--Voting with Preferences over Margins of Victory


Jan. 7, 10:15 am
ES

Trade, Foreign Investment, and Globalization

Presiding: TIMOTHY J. KEHOE, University of Minnesota and Federal Reserve Bank of Minneapolis

RAYMOND RIEZMAN, University of Iowa, JOHN WHALLEY, University of Western Ontario, and SHUNMING ZHANG, Hunan University--Measuring Globalization

NATALIA RAMONDO, University of Chicago--Absolute Advantages, Gravity, and Multinational Production

GITA GOPINATH, Harvard University and NBER, and ROBERTO RIGOBON, Massachusetts Institute of Technology and NBER- Sticky Borders

YAN BAI, Arizona State University and JING ZHANG, University of Michigan--Coordination and Renegotiation: Sovereign Defaults in 1980s and 1990s


Jan. 7, 10:15 am
ES

Aspects of Structural Transformations

Presiding: RICHARD ROGERSON, Arizona State University

TALAN B. ISCAN, Dalhousie University, and BENJAMIN N. DENNIS, University of the Pacific--Determinants of Structural Change Associated with Economic Growth: Evidence from Two Centuries of U.S. Data

L. RACHEL NGAI and CHRISTOPHER A. PISSARIDES, London School of Economics--The Dynamics of Hours Worked: The Role of Technology and Institutions

MARGARIDA DUARTE, Federal Reserve Bank of Richmond, and DIEGO RESTUCCIA, Federal Reserve Bank of Richmond and University of Toronto--Structural Transformation and Aggregate Productivity in Portugal

RICHARD ROGERSON and CARA MCDANIEL, Arizona State University--Structural Transformation and Unemployment


Jan. 7, 10:15 am
ES

New Perspectives on Market Failures and Development

Presiding: ANDREW FOSTER, Brown University

ALAIN DE JANVRY, University of California-Berkeley, CRAIG MCINTOSH, University of California-San Diego, and ELISABETH SADOULET, University of California-Berkeley--From Private to Public Reputation in Microfinance Lending: An Experiment in Borrower Response

MARKUS GOLDSTEIN, World Bank, and CHRISTOPHER UDRY, Yale University--The Profits of Power: Land Rights and Agricultural Investment in Ghana

ANDREW FOSTER, Brown University, and MARK ROSENZWEIG, Yale University--Inequality and the Sustainability of Agricultural Productivity Growth: Groundwater and the Green Revolution in Rural India


Jan. 7, 10:15 am
ES

Product Variety and Quality in Trade

Presiding: ROBERT FEENSTRA, University of California-Davis

JUAN CARLOS HALLAK, University of Michigan, and PETER K. SCHOTT, Yale University--Estimating Cross-Country Differences in Product Quality

YO CHUL CHOI, DAVID HUMMELS, and CHONG XIANG, Purdue University--Explaining Import Variety and Quality: the Role of the Income Distribution

CHRISTIAN BRODA, University of Chicago and NBER, and DAVID WEINSTEIN, Columbia University and NBER--Product Creation and Destruction in the U.S

JOHN ROMALIS, University of Chicago, and ROBERT C. FEENSTRA, University of California-Davis and NBER--A Model of Trade with Quality Choice


Jan. 7, 10:15 am
ES

Conflict and Cooperation

Presiding: SANDEEP BALIGA, Northwestern University

DARON ACEMOGLU, Massachusetts Institute of Technology, and JAMES ROBINSON, Harvard University--Persistence of Elites, Power and Institutions

GERARD PADRO I MIQUEL, Stanford University--A Theory of Conflict as a Coordination Failure in Anarchic Environments

ERNESTO DAL BO and ROBERT POWELL, University of California-Berkeley--Bargaining and Fighting in Hard Times

SANDEEP BALIGA, Northwestern University, and TOMAS SJOSTROM, Rutgers University--Strategic Ambiguity and Arms Proliferation


Jan. 7, 10:15 am
HERO

Are People Forward-Looking in Decisions about Health and Health Care?

Presiding: FRANK A. SLOAN, Duke University

STEPHEN T. PARENTE and ROGER FELDMAN, University of MinnesotaHealth Savings Accounts: Are Wealth and Health Portfolio Choices Joint and Rational?

AHMED KHWAJA, Duke University, DANIEL SILVERMAN, University of Michigan, and FRANK SLOAN, Duke UniversityDo Smokers Really Underestimate Risks? Evidence from Subjective Beliefs about Mortality and Health

MICHAEL CHERNEW, Harvard University, STEVE ROSENBERG, MAYUR SHAH, Activehealth Management, and A. MARK FENDRICK, University of MichiganMoney and the Under-consumption of Effective Health Care Services

Discussants: JONATHAN SKINNER, Dartmouth College
TOMAS PHILIPSON, University of Chicago
DAVID RIDLEY, Duke University


Jan. 7, 10:15 am
ISNIE

Economic Analysis of the Judiciary (O0)

Presiding: OLIVER WILLIAMSON, University of California-Berkeley

MARCO CASARI, Purdue University, and BENITO ARRUADA, Universitat Pompeu FabraThird Party Enforcement and Market Outcomes

NUNO GAROUPA, Nova University, Portugal, and THOMAS GINSBURG, University of Illinois-Urbana-ChampaignThe Economics of Judicial Councils

HENRY HANSMANN, Yale University, and JENS DAMMANN, University of TexasInternational Competition in Judicial Services

STEFAN VOIGT, University of Marburg, and LARS FELD, University of HeidelbergUnbundling the Economic Effects of Judicial Institutions

Discussants: LUIS GARICANO, University of Chicago
CLAIRE HILL, University of Minnesota

 

Jan. 7, 10:15 am
LERA

Community Unionism and Regional Development

Presiding: LOWELL TURNER, Cornell University

DAVID REYNOLDS, Wayne State University--When and How Does Community Unionism Generate Union Success: Lessons from Australia and the USA

IAN GREER, Cornell University--Part of the Solution? Unions, Community and the Urban Crisis in Buffalo, New York

MARK STUART, Leeds University--The Development of Community Unionism in the UK

Discussants: MADELINE TALBOT, ACORN Ill
BRUCE NISSEN, Florida International University


Jan. 7, 10:15 am
LERA

New Sociological Research on Labor and Labor Movements

Presiding: ADRIENNE EATON, Rutgers University

TERESA SHARPE, University of California-Berkeley--Organizational Change in Unions: Comparing HERE and SEIU

GRETCHEN PURSER, University of California-Berkeley--Enigmatic Employment Relations: Conflict and Capitulation in the Day Labor Industry

JOSH PAGE, University of Minnesota--Politically Realistic Unionism: A Case Study of the California Correctional Peace Officers Association

DAISY ROOKS, University of California-Los Angeles--Title to be announced.

Discussant: STEPHEN R. SLEIGH, The Yucaipa Companies


Jan. 7, 10:15 am
LERA

Update on Interest-Based Strategies

Presiding: MARY ELLEN SHEA, Mediator-Arbitrator and SHEILA MAYBERRY, Attorney/Arbitrator

RICHARD DENENBERG and TIA DENENBERG, Workplace Solutions--Innovative Approaches in Interest Based Principles Training for Joint Labor Management Committees in the 70 Corrections Facilities in New York State

NANCY PEACE, Mediator/Arbitrator--Remarkable Outcomes Using Interest Based Bargaining to Develop Innovative Language in Public Education

JEANNE FRANK, Federal Mediation and Conciliation Services-Minneapolis, and DOUG CORWON, Federal Mediation and Conciliation Services-Cleveland--Notable Interest Based Efforts of the Federal Mediation and Conciliation Service


Jan. 7, 10:15 am
NEA

Issues in Race, Cognitive Ability, Discrimination and Labor Market Outcomes (J7)

Presiding: PATRICK L. MASON, Florida State University

NIKI T. DICKERSON, Rutgers University--Black Employment and the Social Organization of Metropolitan Labor Markets

KEVIN LANG, Boston University and NBER, and CARLOS SEPULVEDA-RICO, Boston University--Schooling and the Black-White Test Score Differential

HEATHER BOUSHEY, Center for Economic Policy Research, WILLIAM M. RODGERS, III, Rutgers University, and WILLIAM E. SPRIGGS, Howard University--The Wage-Curve: Cognitive Ability, Schooling, Race, Unemployment Probabilities and the Black-White Wage Gap

WILLIAM D. BRADFORD, University of Washington--Discrimination, Legal Costs and Reputational Costs

ARTHUR H. GOLDSMITH, Washington and Lee University, DARRICK HAMILTON, New School University, and WILLIAM DARITY, JR., University of North Carolina-Chapel HillShedding Light on Family Formation: The Influence of Skin Shade on Marriage for Blacks in the U.S.

Discussants: EMILY BLANK, Howard University
LAWRENCE MISHEL, Economic Policy Institute
RHONDA SHARPE, University of Vermont
CARY ELLIOT, Congressional Budget Office
HOWARD BODENHORN, Lafayette College


Jan. 7, 10:15 am
NAEFA

Recent Contributions to International Economics (F1)

Presiding: WILL MARTIN, World Bank

ERIC BOND, Vanderbilt University, and YIH-MING LIN, National Chiayi University--Arbitrage and Harmonization of Patent Lives

JOSEPH FRANCOIS, Tinbergen Institute and CEPR--International Regulation of Anticompetitive Behavior

STEVE GOLUB, Swarthmore College, RONALD JONES, University of Rochester, and HENRYK KIERZKOWSKI, University of Geneva--Country-Specific Aspects of Service-Link Activities

ROBERT F. OWEN, University of Nantes--Irreversibility, Sunk Costs, News and Evolutionary Economic Methodology: Generalizations from a Trade Theorem

CILLIAN RYAN, University of Birmingham--Trade, Product Differentiation, and Technology Transfer Mergers in Oligopolistic Markets

Discussants: HARRY P. BOWEN, Vlerick Leuven Gent Management School
JANET CEGLOWSKI, Bryn Mawr College
STEVE GOLUB, Swarthmore College
WILL MARTIN, World Bank
HYLKE VANDENBUSSCHE, Catholic University of Louvain


Jan. 7, 10:15 am
SGE

The Effects of Activation on the Earnings and Employment of Reservists and Their Spouse

Presiding: JOSH PINKSTON, U.S. Bureau of Labor Statistics

PACO MARTORELL, JACOB A. KLERMAN, and DAVID S. LOUGHRAN, RAND--Reconciling Evidence on Earnings Loss Attributable to Activation from Administrative and Survey Data Sources

MATT DEY and JOSH PINKSTON, U.S. Bureau of Labor Statistics--The Effects of Active Duty on the Income of Reservists and the Labor Market Participation of Spouses

DAVID S. LOUGHRAN and JACOB A. KLERMAN, RAND--The Effect of Activation on Post-Activation Employment and Earnings

Discussants: JOSH PINKSTON, U.S. Bureau of Labor Statistics
DAVID S. LOUGHRAN, RAND
JASON FABERMAN, U.S. Bureau of Labor Statistics


Jan. 7, 10:15 am
URPE

Trade, Capital Markets and Policy (F1)

Presiding: TIM KOECHLIN, Vassar College

TIM KOECHLIN, Vassar CollegeBorn to Run? The Responsiveness of Investment to Global Economic Conditions

ILENE GRABEL, University of DenverPolicy Coherence and Trade: Two New Trojan Horses Arrive in the Developing World

CHRISTIAN WELLER, Center for American ProgressThe Case for Progressive Taxation as Financial Stabilization Tool

MEHRENE LARUDEE, DePaul UniversityNot Trade but VADE (Value Added Destined for Export): Issues in Measuring Openness and Its Impact

Discussants: TIM KOECHLIN, Vassar College
MEHRENE LARUDEE, DePaul University
ILENE GRABEL, University of Denver


Jan. 7, 10:15 am
URPE

Alternatives to Globalization (P2)

Presiding: CYRUS BINA, University of Minnesota-Morris

SRIPAD MOTIRAM, Dalhousie University, Canada, and VAMSI VAKULABHARANAM, Queens College, USACooperatives or Corporate Alternatives: Which One Works Better for Small Farmers in Developing Economies?

FRED CURTIS, Drew UniversityIs Globalization Dying? Implications of Peak Oil and Global Warming

CYRUS BINA, University of Minnesota-MorrisThe Globalization of Oil: A Prelude to a Critical Political Economy

ROBIN HAHNEL, American UniversityIs Small Beautiful or Just Small?

Discussants: FRED CURTIS, Drew University
SRIPAD MOTIRAM, Dalhousie University, Canada


Jan. 7, 1:00 pm
AEA

Emerging Market Bond Credit Spreads

Presiding: JOHN HUND, University of Texas

PETER BENCZUR, Magyar Nemzeti Bank, and COSMIN ILUT, Northwestern UniversityDeterminants of Spreads on Sovereign Bank Loans: The Role of Credit History

C. EMRE ALPER and BURCU CIGERLI, Bogazici University--U.S. Monetary Policy Surprises and Emerging Markets Sovereign Spreads

JOHN HUND, University of Texas, and DAVID LESMOND, Tulane UniversityLiquidity Risk in Emerging Bond Markets

Discussants: To be announced.


Jan. 7, 1:00 pm
AEA

Social Comparison and the Labor Market (J3)

Presiding: EVA MEYERSSON MILGROM, Stanford University

ILOONG KWON, State University of New York-Albany, and EVA MEYERSSON MILGROM, Stanford UniversityRelative Wage, Status and Pay: Evidence from Mergers and Acquisitions

ROBERT FRANK, Cornell University, and ADAM LEVINE, University of Michigan--Expenditure Cascades

GARY CHARNESS and PETER KUHN, University of California-Santa BarbaraPay Inequality, Pay Secrecy and Effort

Discussants: To be announced.


Jan. 7, 1:00 pm
AEA

Racial Segregation (H0)

Presiding: PATRICK BAYER, Yale University

ELIZABETH CASCIO, University of California-Davis, NORA GORDON, University of California-San Diego, ETHAN LEWIS, Federal Reserve Bank of Philadelphia, and SARAH REBER, University of California-Los AngelesChecks and Balances in School District Desegregation: The Impact of Congress, the Courts, and the Executive Branch After 1965

LEAH BOUSTAN, University of California-Los AngelesInside the Black Box of White Flight: The Role of Suburban Political Autonomy and Public Goods

JENS LUDWIG, Georgetown University, BYRON LUTZ, Federal Reserve Board, and DAVID WEINER, Georgetown UniversityCourt-Ordered Desegregation and Juvenile Crime

Discussants: ROBERT MARGO, Boston University
STEVEN RIVKIN, Amherst College
JONATHAN GURYAN, University of Chicago


Jan. 7, 1:00 pm
AEA

Empirical Implications of Signaling Models

Presiding: TSU-YU TSAO, Bard College

SILKE ANGER, German Institute for Economic Research (DIW Berlin)The Signaling Value of Unpaid Overtime

SANGHOON LEE, University of British ColumbiaThe Timing of Signaling: To Study in High School or in College?


Jan. 7, 1:00 pm
AEA

Parental Investments and Childrens Achievements (J1)

Presiding: RAQUEL BERNAL, Northwestern University

H. LIU, East Carolina University, THOMAS MROZ, and WILBERT VAN DER KLAAUW, Federal Reserve Bank of New YorkMaternal Employment, Migration and Child Development

META BROWN, University of Wisconsin-Madison, and CHRIS FLINN, New York UniversityFamily Law and Investment in Children

MELISSA TARTARI, Yale UniversityDivorce and the Cognitive Achievement of Children

RAQUEL BERNAL, Northwestern University, and MICHAEL KEANE, Yale UniversityMaternal Time, Child Care Choices and Childrens Cognitive Ability

Discussants: CHRIS FLINN, New York University
HAIYONG LIU, East Carolina University
DANIELA DEL BOCA, University of Torino
DAVID BLAU, University of North Carolina


Jan. 7, 1:00 pm
AEA

Returns to Capital over the Business Cycle (E5)

Presiding: MARIA PIA OLIVERO, Drexel University

PAUL GOMME, Federal Reserve Bank of Cleveland, B. RAVI KUMAR, University of Iowa, and PETER RUPERT, Federal Reserve Bank of ClevelandThe Return to Capital and the Business Cycle

CHRISTIAN BAYER, University of DortmundNon-convex Factor Adjustments in a Two Country Real Business Cycle Model

SADAQUAT JUNAYED and HUNTLEY SCHALLER, Carleton UniversityThe Credit Channel in a Small, Open Economy

Discussants: LUTZ WEINKE, Duke University
JINILL KIM, Federal Reserve Board
MARIA PIA OLIVERO, Drexel University


Jan. 7, 1:00 pm
AEA

Wealth and Health Dynamics of the Elderly (E2)

Presiding: ANDREW CAPLIN, New York University

JEFFREY BROWN, University of Illinois, NORMA COE, Tilburg University, and AMY FINKELSTEIN, Massachusetts Institute of TechnologyThe Impact of Medicaid on the Demand for Long-Term Care Insurance

JONATHAN SKINNER, Dartmouth CollegeAre You Sure Youre Saving Enough for Retirement?

JOHN AMERIKS, Vanguard Group, ANDREW CAPLIN, STEVEN LAUFER, and STIJN VAN NIEUWEERBURGH, New York UniversityStrategic Surveys and the Bequest Motive


Jan. 7, 1:00 pm
AEA

Bayesian Estimation of DGSE Models (C1)

Presiding: JESUS FERNANDEZ-VILLAVERDE, University of Pennsylvania

NOAH WILLIAMS, Princeton UniversityLabor Market Dynamics in an Estimated Monetary Model

GIORGIO PRIMICERI, ERNST SCHAUMBURG, Northwestern University, and ANDREA TAMBALOTTI, Federal Reserve Bank of New YorkIntertemporal Disturbances

TAO ZHA, JUAN RUBIO, and DANIEL WAGGONER, Federal Reserve Bank of AtlantaMarkov-Switching Structural Vector Autoregressions: Theory and Application

JESUS FERNANDEZ-VILLAVERDE, University of Pennsylvania, and JUAN RUBIO, Federal Reserve Bank of AtlantaEstimating Macroeconomic Models: A Likelihood Approach

Discussants: FABIO MILANI, University of California-Irvine
FRANK SCHORFHEIDE, University of Pennsylvania
CHRIS OTROK, University of Virginia
TIM COGLEY, University of California-Davis


Jan. 7, 1:00 pm
AEA

Entry, Exit and Industry Structure (L2)

Presiding: MARK ROBERTS, Pennsylvania State University

TIM DUNNE, University of Oklahoma, SHAWN KLIMEK, U.S. Bureau of the Census, MARK ROBERTS, Pennsylvania State University and NBER, and YI XU, Pennsylvania State UniversityEntry and Exit in Geographic Markets

ZHU WANG, Federal Reserve Bank of Kansas CityTechnology Innovation and Market Turbulence: A Dotcom Example

ALBERTO SALVO, Northwestern UniversityInferring Conduct Under the Threat of Entry: The Case of the Brazilian Cement Industry

BRENT GOLDFARB, University of MarylandWas There Too Little Entry During the Dotcom Era


Jan. 7, 1:00 pm
AEA

Financial Globalization and Integration (F3)

Presiding: LORENZO BINI SMAGHI, European Central Bank

GEERT BEKAERT, Columbia University, CAMPBELL R. HARVEY, Duke University, CHRISTIAN LUNDBLAD, Indiana University, and STEPHAN SIEGEL, Columbia UniversityGlobal Growth Opportunities and Market Integration

ITAY GOLDSTEIN, University of Pennsylvania, ASSAF RAZIN, Tel Aviv University and Cornell University, and HUI TONG, International Monetary FundSystemic Liquidity and the Composition of Foreign Equity: Theory and Empirical Evidence

SHANG-JIN WEI and JIANDONG JU, International Monetary FundInternational Capital Flows: The Bypass Circulation Effect

MARCEL FRATZSCHER, European Central Bank, and JEAN IMBS, HEC LausanneRisk Sharing, Finance and Institutions in International Portfolios

Discussants: KRISTIN FORBES, Massachusetts Institute of Technology
RUI ALBUQUERQUE, Boston University
LAURA ALFARO, Harvard University
SEBNEM KALEMLI-OZCAN, University of Houston


Jan. 7, 1:00 pm
AEA

New Explanations for the Great Moderation (E3)

Presiding: BEN FRIEDMAN, Harvard University

KAREN DYNAN, DOUG ELMENDORF, and DAN SICHEL, Federal Reserve BoardThe Great Moderation: What Do the Household Data Say?

STEPHEN CECCHETTI, Brandeis University, ALFONSO FLORES-LAGUNES, University of Arizona, and STEFAN KRAUSE, Emory UniversityFinancial Development, Consumption Smoothing, and the Reduced Volatility of Real Growth

DIEGO COMIN, New York University, and SUNIL MULANI, Analysis GroupA Theory of Growth and Volatility at the Aggregate and Firm Level

Discussants: ANNAMARIA LUSARDI, Dartmouth College
JEFF CAMPBELL, Federal Reserve Bank of Chicago
KEVIN STIROH, Federal Reserve Bank of New York


Jan. 7, 1:00 pm
AEA

Corruption and Crime (K4)

Presiding: HESKI BAR-ISAAC, New York University

MARA FACCIO, Vanderbilt UniversityThe Characteristics of Politically Connected Firms

GAL HOCHMAN, Technion, Israel, and DAVID ZILBERMAN, University of California-BerkeleyThe Corruption of Transition

MIKHAIL DRUGOV, GREMAQCompetition in Bureaucracy and Corruption

MARIAGIOVANNA BACCARA and HESKI BAR-ISAAC, New York UniversityHow to Organize Crime


Jan. 7, 1:00 pm
AEA

Matching and Networks (C7)

Presiding: DANIELA PUZZELLO, University of Kentucky

BRIAN ROGERS, California Institute of TechnologyA Strategic Theory of Network Status

PASCAL BILLAND, CHRISTOPH BRAVARD, Jean Monnet University, and SUDIPTA SARANGI, Louisiana State UniversityExistence of Nash Networks in One-Way Flow Models

C. ALIPRANTIS, G. CAMERA, Purdue University, and DANIELA PUZZELLO, University of KentuckyA Random Matching Theory

ROBERT GILLES, Virginia Tech, and SUDIPTA SARANGI, Louisiana State UniversityBuilding Social Networks

Discussants: SUDIPTA SARANGI, Louisiana State University
DANIELA PUZZELLO, University of Kentucky
BRIAN ROGERS, California Institute of Technology
CHRISTOPH BRAVARD, Jean Monnet University


Jan. 7, 1:00 pm
AEA

Firms and Credit

Presiding: ELENA PANOVA, University of Quebec-Montreal

ENRIQUE SCHROTH and DEZSO SZALAY, HEC-University of LausanneCash Breeds Success: The Role of Financing Constraints in Patent Races

VICENTE SALAS, GABRIEL JIMENEZ, and JESUS SAURINA, Bank of SpainCredit Market Competition, Collateral and Firms Finance


Jan. 7, 1:00 pm
AEA

One Decade After Welfare Reform: The Changing Landscape of Public Programs and the Well-Being of Families (I3)

Presiding: BARBARA WOLFE, University of Wisconsin-Madison

RICHARD FRANK, Harvard University and NBER, THOMAS MCGUIRE, Harvard University, and ELLEN MEARA, Harvard University and NBEROptimal Design of Public Income Assistance and the Impact of Work Incentives

MARK DUGGAN, University of Maryland and NBER, and MELISSA KEARNEY, Brookings Institution and NBERThe Impact of Child SSI Enrollment on Household Outcomes: Evidence from the Survey of Income and Program Participation

BRUCE MEYER, University of Chicago and NBER, and JAMES SULLIVAN, University of Notre DameConsumption, Income, and Material Well-Being after Welfare Reform

Discussants: HAROLD POLLACK, University of Chicago
MARIANNE BITLER, Public Policy Institute of California
STEVEN HAIDER, Michigan State University


Jan. 7, 1:00 pm
AEA

Economic Development and Field Experiments (C9)

Presiding: TOMOMI TANAKA, California Institute of Technology

XAVIER GIN, World Bank, PAMELA JAKIELA, University of California-Berkeley, DEAN KARLAN, Yale University, and JONATHAN MORDUCH, New York UniversityMicrofinance Games

STEFFEN ANDERSEN, Copenhagen Business School, URI GNEEZY, and JOHN LIST, University of ChicagoEconomics in Matriarchal Societies

CATHERINE ECKEL, Virginia Tech, CATHLEEN JOHNSON, CIRANO, and DUNCAN THOMAS, University of California-Los AngelesAltruism and Resource Sharing in Mexico

TOMONI TANAKA, COLIN CAMERER, California Institute of Technology, and QUANG NGUYEN, University of HawaiiPoverty, Politics, and Preferences: Field Experiments and Survey Data from Vietnam

Discussants: PAVA ASHRAF, Harvard University
JUAN-CAMILO CARDENAS, Universidad de Los Andes


Jan. 7, 1:00 pm
AFA

Fixed Income

Presiding: MONIKA PIAZZESI, University of Chicago

EMANUEL MNCH, Humboldt University of BerlinForecasting the Yield Curve in a Data-Rich Environment: A No-Arbitrage Factor-Augmented VAR Approach

TORBEN G. ANDERSEN, Northwestern University, and LUCA BENZONI, University of Minnesota-Twin CitiesCan Bonds Hedge Volatility Risk in the U.S. Treasury Market? A Specification Test for Affine Term Structure Models

QIANG DAI, University of North Carolina-Chapel Hill, ANH LE, New York University, and KENNETH J. SINGLETON, Stanford UniversityDiscrete-Time Dynamic Term Structure Models with Generalized Market Prices of Risk

DON H. KIM and ATHANASIOS ORPHANIDES, Federal Reserve BoardTerm Structure Estimation with Survey Data on Interest Rate Forecasts

Discussants: JEAN BOIVIN, Columbia University
PEDRO SANTA-CLARA, University of California-Los Angeles
JOANNA JASIAK, York University
MIKHAIL CHERNOV, Columbia University


Jan. 7, 1:00 pm
AFA

Accounting Information and Security Valuation

Presiding: SCOTT RICHARDSON, University of Pennsylvania

TODD C. PULVINO, Northwestern University, and VEFA TARHAN, Loyola University of ChicagoCash Flow Sensitivities with Constraints

LAUREL FRANZEN, University of Texas-Dallas, KIMBERLY J. RODGERS, New York University, and TIMOTHY T. SIMIN, Pennsylvania State UniversityMeasuring Distress Risk: The Effect of R&D Intensity

ASHIQ ALI, University of Texas-Dallas, XUANJUAN CHEN, University of Rhode Island, TONG YAO, University of Arizona, and TONG YU, University of Rhode IslandDo Mutual Funds Profit from Accruals and NOA Anomalies?

DAVID A. HIRSHLEIFER, KEWEI HOU, and SIEW HONG TEOH, Ohio State UniversityThe Accrual Anomaly: Risk or Mispricing?

Discussants: DANIEL BERGSTRESSER, Harvard University
XIAO-JUN ZHANG, University of California-Berkeley
RICHARD SLOAN, University of Michigan-Ann Arbor


Jan. 7, 1:00 pm
AFA

International Portfolio Allocation

Presiding: INGRID WERNER, Ohio State University

TIMOTHY K. CHUE, Hong Kong University of Science & TechnologyEvaluating the Optimality of Aggregate Home Bias: An Euler Equation Approach

WARREN B. BAILEY, Cornell University, ALOK KUMAR, University of Texas-Austin, and DAVID NG, Cornell UniversityHome Bias of U.S. Individual Investors: Causes and Consequences

QINGHAI WANG, DONGMIN KE, and LILIAN K. NG, University of Wisconsin-MilwaukeeHome Bias in Foreign Investment Decisions

Discussants: TARUN RAMADORAI, University of Oxford
RODOLFO MARTELL, Purdue University
VINCENTIU COVRIG, California State University-Northridge


Jan. 7, 1:00 pm
AFA

Venture Capital and Private Equity

Presiding: PAUL GOMPERS, Harvard University

YAEL HOCHBERG, Northestern Unversity, ALEXANDER LJUNGQVIST, and YANG LU, New York UniversityNetworking as Entry Deterrence and the Competitive Supply of Venture Capital

REBECCA ZARUTSKIE, Duke UniversityDo Venture Capitalists Affect Investment Performance?

VICTOR FRANCO M. CALANOG, University of Pennsylvania, PHILIPP KROHMER, Goethe University Frankfurt, and RAINER LAUTERBACH, University of PennsylvaniaThe Bright and Dark Side of Staging: Investment Performance and the Varying Motivations of Private Equity Firms

Discussants: ANDREW METRICK, University of Pennsylvania
RUDIGER FAHLENBRACH, Ohio State University
YUHAI XUAN, Harvard University


Jan. 7, 1:00 pm
AFA

The Evolution of Financial Institutions

Presiding: MITCHELL PETERSEN, Northwestern University

WILLIAM O. BROWN, JR., Claremont Colleges, J. HAROLD MULHERIN, University of Georgia, and MARC WEIDENMIER, Santa Clara UniversityCompeting with the NYSE

PHILIP E. STRAHAN, EVAN GATEV, Boston College, and TIL SCHUERMANN, Federal Reserve BoardManaging Bank Liquidity Risk: How Deposit-Loan Synergies Vary with Market Conditions

BERNADETTE A. MINTON, REN M. STULZ, Ohio State University, and ROHAN WILLIAMSON, Georgetown UniversityHow Much Do Banks Use Credit Derivatives to Reduce Risk?

Discussants: MICHAEL BARCLAY, University of Rochester
ANDREA EISFELDT, Northwestern University
GREGORY BROWN, University of North Carolina-Chapel Hill


Jan. 7, 1:00 pm
AREUEA

REITs and Returns

Presiding: DENNIS R. CAPOZZA, University of Michigan

SZU-YIN K. HUNG, California State University-East Bay, and JOHN L. GLASCOCK, Cambridge University--Asymmetric Risks and Momentum Returns in REITs

JOSE A. LOPEZ, Federal Reserve Bank of San Francisco--Empirical Analysis of the Average Asset Correlation for Real Estate Investment Trusts

BREDIN DON, University College Dublin, GERARD O'REILLY, Central Bank and Financial Services Authority of Ireland, and SIMON STEVENSON, City University--Monetary Shocks and REIT Return

ABDULLAH YAVAS, Pennsylvania State University, and YILDIRAY YILDIRIM, Syracuse University--Price Discovery in Real Estate Markets: A Dynamic Analysis of the REIT Premium

Discussants: RYAN ISRAELSEN, University of Michigan
JAMES FOLLAIN, Fidelity Hansen
DAVID DOWNS, Virginia Commonwealth University
DOGAN TIRTIROGLU, University of Cambridge


Jan. 7, 1:00 pm
AREUEA

Property Tax and Local Finance

Presiding: STANLEY D. LONGHOFER, Wichita State University

THOMAS DAVIDOFF, University of California-Berkeley, and SAKU AURA, University of Missouri--Property Tax Deductibility With Redistribution

ERIK BARRY JOHNSON, University of Colorado, RANDALL WALSH--Tax Exporting in a Dualcentric City

GARY V. ENGELHARDT, Syracuse University, and CHRISTOPHER R. CUNNINGHAM, Federal Reserve Bank of Atlanta--The Tax Treatment of Capital Gains from Owner-Occupied Housing and TRA97

BRENT C. SMITH, Virginia Commonwealth University, MARK SUNDERMAN, and JOHN BIRCH, University of Wyoming--Variation in Property Tax Burdens: A Comparison of Two Regimes

Discussants: GLENN BLOMQUIST, University of Kentucky
DANIEL MCMILLEN, University of Illinois-Chicago
RAPHAEL BOSTIC, University of Southern California
REBECCA HENDRICK, University of Illinois


Jan. 7, 1:00 pm
AREUEA

Real Estate Securities and Returns

Presiding: AUSTIN J. JAFFE, Pennsylvania State University

ERIC C. FESSELMEYER, University of Virginia, and KIAT-YING SEAH, University of Wisconsin--Bootstrapping Real Estate Returns

ANDREW C. SPIELER, ROBERT D. CAMPBELL, Hofstra University, and ERIK DEVOS, Ohio University--Investment, Liquidity and Private Debt: The Case of REIT Credit Facilities

STUART A GABRIEL, YONGHENG DENG, and XUDONG AN, University of Southern California--The Impact of Securitization on the Pricing of Multifamily Mortgages

DOUGLAS A. MCMANUS, Freddie Mac--What Drives REMIC Security Design? The Evolution of Structured Mortgage Backed Securities Tranching

Discussants: JEFFREY FISHER, Indiana University
BRENT AMBROSE, Pennsylvania State University
TIMOTHY RIDDIOUGH, University of Wisconsin
LYNN FISHER, Massachusetts Institute of Technology


Jan. 7, 1:00 pm
ACES

Growth, Reform and Political Institutions (P1)

Presiding: NAURO F. CAMPOS, Brunel University, CEPR, IZA and WDI

ROMAIN WACZIARG, Stanford University, and ENRICO SPOLAORE, Tufts University--The Diffusion of Development

KARLA HOFF, World Bank, SHALE HOROWITZ, University of Wisconsin, and BRANKO MILANOVIC, World Bank--Transition from Communism: Political Alternation as a Restraint on Investing in Influence

TIMOTHY FRYE, Ohio State University--Original Sin, Good Works, and Property Rights in Russia: Evidence from a Survey Experiment of Business Elites

FRANCESCO GIOVANNONI, University of Bristol, and NAURO CAMPOS, Brunel University, CEPR, IZA and WDI --Lobbying, Corruption and Political Influence in Transition Countries

Discussants: DANIEL BERKOWITZ, University of Pittsburgh
SAUL ESTRIN, London Business School
JEFFREY NUGENT, University of Southern California
GRARD ROLAND, University of California-Berkeley


Jan. 7, 1:00 pm
AFEE

Social Costs of Labor (J3)

Presiding: JOHN F. HENRY, University of Missouri, Kansas City

ROUSLAN KOUMAKHOV, Reims Management School and University of Paris 10John Commons and Herbert Simon: Institutions as Conventional Rules

JANICE PETERSON, California State University-Fresno--The Employment Relationship and the
Social Costs of Labor

LONNIE GOLDEN, Pennsylvania State University-Abington, and BARBARA WIENS-TUERS, Pennsylvania State University-Altoona--Control and Voice in the Workplace: Yes, No, Maybe?

DELL P. CHAMPLIN, Western Washington University, and JANET T. KNOEDLER, Bucknell UniversityWhos Responsible for Health Care? J.M. Clark and the Economics of Health Care

ANNA ZACHOROWSKA-MAZURKIEWICZ, Jagiellonian University, Poland--Impact of Ideology on Institutional Solutions Addressing Womens Role in the Labor Market in Poland

Discussant: CHARLES WHALEN, Perspectives on Work


Jan. 7, 1:00 pm
AERE

Voluntary Pollution Control (Q5)

Presiding: DIETRICH EARNHART, University of Kansas

RASHA AHMED and KATHLEEN SEGERSON, University of Connecticut--Eliminating Polluting Products: Voluntary vs. Regulatory Approaches?

ABDOUL G. SAM, Ohio State University, ROBERT INNES, University of Arizona, and MADHU KHANNA, University of Illinois-Champaign-Urbana--How Do Voluntary Pollution Reduction Programs (VPRs) Work? An Empirical Study of the Links between VPRs, Environmental Management, and Environmental Performance

ALLEN BLACKMAN, Resources for the Future, BIDISHA LAHIRI, University of North Carolina-Chapel Hill, BILLY PIZER, Resources for the Future, and MARISOL RIVERA, Instituto Nacional de Ecologia, Mexico City--Mexicos Voluntary Audit Program: Greening or Greenwashing?

SARAH L. STAFFORD, College of William and Mary--Rational or Confused Polluters? Evidence from Hazardous Waste Compliance

Discussants: CHARLES F. MASON, University of Wyoming
DIETRICH EARNHART, University of Kansas
MAXIMILLAN AUFHAMMER, University of California-Berkeley
MARY EVANS, University of Tennessee


Jan. 7, 1:00 pm
ES

Development, Marriage, and the Value of Women

Presiding: ANDREW FOSTER, Brown University

IRMA CLOTS-FIGUERAS, London School of Economics--Are Female Leaders Good for Education? Evidence from India

TAHIR ANDRABI, Pomona College, JISHNU DAS, World Bank, and ASIM IJAZ KHWAJA, Harvard University--Students Today, Teachers Tomorrow? The Rise of Affordable Private Schools

A. MUSHFIQ MOBARAK, RANDALL KUHN, and CHRISTINA PETERS, University of Colorado--Marriage Market Effects of a Wealth Shock in Bangladesh

RAJ ARUNACHALAM, University of California-Berkeley, and TREVON D. LOGAN, Ohio State University and NBER--On the Heterogeneity of Dowry Motives

Discussants: SHOSHANA GROSSBARD-SHECH, San Diego State University
ALOYSIUS SIOW, University of Toronto


Jan. 7, 1:00 pm
ES

Business Cycles and Labor Markets

Presiding: JOSE-VICTOR RIOS-RULL, University of Pennsylvania

LINNEA POLGREEN, University of Iowa, and PEDRO SILOS, Federal Reserve Bank of Atlanta--Crude Substitution: The Cyclical Dynamics of Oil Prices and the College Premium

SE-KYU CHOI and JOSE-VICTOR RIOS-RULL, University of Pennsylvania--A Search Theory of Labor Share and its Cyclical Behavior

GABRIEL BESALUZZO, Instituto Tecnologico Autonoma de Mexico--A Quantitative Theory of Venture Capital Cycles

MAKOTO NAKAJIMA, University of Illinois--Business Cycles in the Equilibrium Model of Labor Market Search and Self-Insurance

Discussants: JOSE-VICTOR RIOS-RULL, University of Pennsylvania
GABRIEL BASALUZZO, Instituto Tecnologico Autonoma de Mexico
MAKOTO NAKAJIMA, University of Illinois
PEDRO SILOS, Federal Reserve Bank of Atlanta


Jan. 7, 1:00 pm
ES

Exchange Rates and Prices

Presiding: CAROLINE BETTS, University of Southern California

GEORGE ALESSANDRIA, Federal Reserve Bank of Philadelphia, and JOSEPH KABOSKI, Ohio State University--Violating PPP

PINELOPI GOLDBERG, Yale University, and REBECCA HELLERSTEIN, Federal Reserve Bank of New York--A Framework for Identifying the Sources of Local-Currency Price Stability with an Empirical Application

BEVERLY LAPHAM, Queen's University, and DANNY LEUNG, Bank of Canada--Industry Restructuring, Mark-ups, and Exchange Rate Pass-Through

MARIO J. CRUCINI, INKOO LEE, and MOTOTSUGU SHINTANI, Vanderbilt University, and CHRIS I. TELMER, Carnegie Mellon University--The Anatomy of Real Exchange Rates

Discussants: KIM J. RUHL, University of Texas
MICHAEL B. DEVEREUX, University of British Columbia
BRIAN DOYLE, Federal Reserve Board
PHILIP R. LANE, Trinity College Dublin


Jan. 7, 1:00 pm
ES

Spatial Economics

Presiding: THOMAS HOLMES, University of Minnesota

STEPHEN REDDING, London School of Economics and CEPR, and DANIEL STURM, University of Munich and CEPR--The Costs of Remoteness: Evidence from German Division and Reunification

KLAUS DESMET, Universidad Carlos III, and ESTEBAN ROSSI-HANSBERG, Princeton University--Spatial Growth and Industry Age

VICTOR AGUIRREGABIRIA, University of Toronto, and GUSTAVO VICENTINI, Boston University--Dynamic Spatial Competition Between Multi-Store Firms

MARCUS BERLIANT, Washington University-St. Louis, and FAN-CHIN KUNG, City University of Hong Kong--Can Asymmetric Information Cause Agglomeration?

Discussants: GORDON HANSON, University of California-San Diego
GIORGIO TOPA, Federal Reserve Bank of New York
THOMAS HOLMES, University of Minnesota
ROBERT M. HUNT, Federal Reserve Bank of Philadelphia


Jan. 7, 1:00 pm
ES

Global Games

Presiding: STEPHEN MORRIS, Princeton University

ALESSANDRO PAVAN, Northwestern University--Uniqueness vs Multiplicity in Global Games with Endogenous Information

BERNARDO GUIMARAES, London School of Economics, and STEPHEN MORRIS, Princeton University--Risk and Wealth in a Model of Self-Fulfilling Currency Attacks

CHRYSSI GIANNITSAROU and FLAVIO TOXVAERD, University of Cambridge--Recursive Global Games

HYUN SONG SHIN and STEPHEN MORRIS, Princeton University--Common Belief Foundations of Global Games


Jan. 7, 1:00 pm
LERA

Social Costs of Mass Layoffs: Children, Crime, and Mortality

Presiding: HENRY FARBER, Princeton University and Till von Wachter, Columbia University

PHILIP OREOPOULOS, MARIANNE PAGE, and ANN HUFF STEVENS, University of Toronto--The Intergenerational Effects of Unexpected Worker Displacement

JUSTIN MCCRARY, University of Michigan--Displaced Workers and Crime Participation

DANIEL SULLIVAN and TILL VON WACHTER, Columbia University--Permanent Income, Mass Layoffs, and Mortality of Older Workers

Discussants: LORI KLETZER, University of California-Santa Cruz
RICHARD FREEMAN, Harvard University


Jan. 7, 1:00 pm
LERA

Workers Rights as Human Rights: The Human Rights Watch Report Seven Years Later

Presiding: SHELDON FREIDMAN, AFL-CIO

JOAN FLYNN, Cleveland Marshall College of Law--The NLRB

JULIE MARTINEZ ORTEGA, American Rights at Work--Non-Governmental Organizations

TIM JOHNSON, Coca Cola CompanyEmployer Perspectives

DOUG WOODSON, AFSCME--Union Perspective

JEFF HILGERT, Cornell University

Discussants: JAMES GROSS, Cornell University


Jan. 7, 1:00 pm
LERA

Refereed Papers Labor Economics/Labor Markets, Work and Employment Relations, and
Labor and Employment Law

Presiding: LARRY HUNTER, University of Wisconsin-Madison
DAVID WEIL and AMANDA PYLES, Boston University--Why Complain? Complaints, Compliance and the Problem of Enforcement in the U.S. Workplace

ANDREW PENDLETON, University of York--Determinants of Participation and Contributions to All-employee Stock Plans?

FOREST BRISCOE, Pennsylvania State University--(Where) Is Technical Contracting Flexible?

KRISTEN MONACO, California State University-Long Beach--Wages and Working Conditions of Truck Drivers at the Port of Long Beach

Discussants: ROBERT THORNTON, Lehigh University
RUSSELL LANSBURY, University of Sydney


Jan. 7, 1:00 pm
SGE

The Measurement of Housing Using Federal Household Surveys

Presiding: ANTHONY YEZER, George Washington University

KATHLEEN SHORT, U.S. Census Bureau--Valuing Income from Owner-Occupied Dwellings in Income and Poverty Statistics

HOWARD SAVAGE, U.S. Census Bureau--Who Can Afford to Buy a House: SIPP

THESIA GARNER and URI KOGAN, U.S. Bureau of Labor Statistics--Comparing Approaches to Value Owner-Occupied Housing Using CE Data and Implications for Economic Well-Being Measurement

STEVE HENDERSON, U.S. Bureau of Labor Statistics--Valuing Vacation Home Services in the CE

Discussants: RICHARD GREEN, George Washington University
MARK SHRODER, U.S. Department of Housing and Urban Development


Jan. 7, 1:00 pm
URPE

Methodological Perspectives on Environmental Economics (Q5)

Presiding: JONATHAN HARRIS, Global Development and Environment Institute, Tufts University

PAUL BURKETT, Indiana State UniversityEcological Value Analysis and Marxism: The Case of Contingent Valuation

MICHAEL PERELMAN, California State UniversityThe Perverse Economy

ANN DAVIS, Marist CollegeThe New Home Economics: The Tragedy of the American Dream

DEBRA ISRAEL, Indiana State UniversityGender and Household Decision-Making Processes: Relevance to Contingent Valuation Research

Discussants: JONATHAN HARRIS, Global Development and Environment Institute, Tufts University
ANN DAVIS, Marist College


Jan. 7, 1:00 pm
URPE

Case Studies in Financial Crises (F3)

Presiding: ARSLAN RAZMI, University of Massachusetts-Amherst

MATHINE DUFOUR and ZGR ORHANGAZI, University of Massachusetts-AmherstInternational Financial Crises: Scourge or Blessings in Disguise?

FIRAT DEMIR, University of OklahomaFinancial Liberalization, Private Investment and Low Growth Traps in Argentina, Mexico and Turkey: Financialization of Real Sectors of the Economy

SECIL PACACI, University of UtahThe Relationship Between Trade, Growth and The Balance of Payments: Application of Balance of Payments- Constrained Growth Model to the Turkish Economy (1980-2005)

ABDULLAH ALMOUNSOR, University of Massachusetts-AmherstA Development Comparative Approach to Capital Flight: The Case of the Middle East and North Africa (1970-2002)

Discussants: ABDULLAH ALMOUNSOR, University of Massachusetts-Amherst
SECIL PACACI, University of Utah