Editors' Introduction

Robert E. Lucas Jr

(p. vii)

Foreword

Robert E. Lucas Jr

(p. viii)

Papers

Prosperity and Depression

Edward C. Prescott

(pp. 1-15)

Policy-Driven Productivity in Chile and Mexico in the 1980's and 1990's

Raphael Bergoeing, Patrick J. Kehoe, Timothy J. Kehoe and Raimundo Soto

(pp. 16-21)

Accounting for the Great Depression

V. V. Chari, Patrick J. Kehoe and Ellen R. McGrattan

(pp. 22-27)

The U.S. and U.K. Great Depressions Through the Lens of Neoclassical Growth Theory

Harold L. Cole and Lee E. Ohanian

(pp. 28-32)

A Dual Liquidity Model for Emerging Markets

Ricardo J. Caballero and Arvind Krishnamurthy

(pp. 33-37)

Bank Bailouts and Aggregate Liquidity

Douglas W. Diamond and Raghuram G. Rajan

(pp. 38-41)

Domestic and International Supply of Liquidity

Bengt Holmstrom and Jean Tirole

(pp. 42-45)

Balance-Sheet Contagion

Nobuhiro Kiyotaki and John Moore

(pp. 46-50)

Payment Arrangements and Inflation

Edward J. Green

(pp. 51-57)

Money: What's the Question and Why Should We Care About the Answer?

Narayana R. Kocherlakota

(pp. 58-61)

Evil Is the Root of All Money

Nobuhiro Kiyotaki and John Moore

(pp. 62-66)

Matching and Money

Dean Corbae, Ted Temzelides and Randall Wright

(pp. 67-71)

Chaotic Interest-Rate Rules

Jess Benhabib, Stephanie Schmitt-Grohé and Martín Uribe

(pp. 72-78)

Taylor Rules in a Model that Satisfies the Natural-Rate Hypothesis

Charles T. Carlstrom and Timothy S. Fuerst

(pp. 79-84)

The Choice of an Inflation Target Range in a Small Open Economy

Christopher J. Erceg

(pp. 85-89)

The Fed and Interest Rates - A High-Frequency Identification

John H. Cochrane and Monika Piazzesi

(pp. 90-95)

The Natural Rate of Q

Bill Dupor

(pp. 96-101)

Inflation-Targeting, Exchange-Rate Pass-Through, and Volatility

Maurice Obstfeld

(pp. 102-107)

The Fed and the New Economy

Laurence Ball and Robert R. Tchaidze

(pp. 108-114)

Monetary-Policy Rules and the Great Inflation

Athanasios Orphanides

(pp. 115-120)

A Rehabilitation of Monetary Policy in the 1950's

Christina D. Romer and David H. Romer

(pp. 121-127)

Monetary Policy, Banking Crises, and the Friedman Rule

Bruce D. Smith

(pp. 128-134)

Excess Asset Returns with Limited Enforcement

Costas Azariadis and Luisa Lambertini

(pp. 135-140)

Self-Insurance, Social Insurance, and the Optimum Quantity of Money

Chris Edmond

(pp. 141-147)

The U.S. Technology Frontier

Francesco Caselli and Wilbur John Coleman II

(pp. 148-152)

The U.S. Demographic Transition

Jeremy Greenwood and Ananth Seshadri

(pp. 153-159)

The Role of Agriculture in Development

Douglas Gollin, Stephen Parente and Richard Rogerson

(pp. 160-164)

Interpreting the Tariff-Growth Correlation of the Late 19th Century

Douglas A. Irwin

(pp. 165-169)

The Mystery of the Excess Trade (Balances)

Donald R. Davis and David E. Weinstein

(pp. 170-174)

Cost of Protection: Where Do We Stand?

Arvind Panagariya

(pp. 175-179)

Trade and Poverty in the Poor Countries

Jagdish Bhagwati and T. N. Srinivasan

(pp. 180-183)

Firm and Product Life Cycles and Firm Survival

Rajshree Agarwal and Michael Gort

(pp. 184-190)

The Decline of Cities and Inequality

Mehmet Yorukoglu

(pp. 191-197)

The Q-Theory of Mergers

Boyan Jovanovic and Peter L. Rousseau

(pp. 198-204)

The Economics of Copyright "Fair Use" in a Networked World

Benjamin Klein, Andres V. Lerner and Kevin M. Murphy

(pp. 205-208)

The Case Against Intellectual Property

Michele Boldrin and David Levine

(pp. 209-212)

When Should We Use Intellectual Property Rights?

Paul Romer

(pp. 213-216)

On the Supply of Creative Work: Evidence from the Movies

Kai-Lung Hui and I. P. L. Png

(pp. 217-220)

150 Years of Patent Protection

Josh Lerner

(pp. 221-225)

Accounting for Innovation and Measuring Innovativeness: An Illustrative Framework and an Application

Jacques Mairesse and Pierre Mohnen

(pp. 226-230)

Technological Change, Entry, and Stock-Market Dynamics: An Analysis of Transition in a Monopolistic Industry

Bipasa Datta and Huw Dixon

(pp. 231-235)

The Internet and International Trade in Services

Caroline Freund and Diana Weinhold

(pp. 236-240)

Explaining Diversity: Symmetry-Breaking in Complementarity Games

Kiminori Matsuyama

(pp. 241-246)

Spatial Agglomeration Dynamics

Danny Quah

(pp. 247-252)

Is Equality Stable?

Dilip Mookherjee and Debraj Ray

(pp. 253-259)

Inheritances and Wealth Inequality, 1989-1998

Edward N. Wolff

(pp. 260-264)

Simulating the Transmission of Wealth Inequality

Jagadeesh Gokhale and Laurence J. Kotlikoff

(pp. 265-269)

Wealth Inequality and Altruistic Bequests

John Laitner

(pp. 270-273)

The Importance of Bequests and Life-Cycle Saving in Capital Accumulation: A New Answer

Karen E. Dynan, Jonathan Skinner and Stephen P. Zeldes

(pp. 274-278)

The Behavioral and Distributional Implications of Aid for College

Susan Dynarski

(pp. 279-285)

Semiparametric Reduced-Form Estimation of Tuition Subsidies

Hidehiko Ichimura and Christopher Taber

(pp. 286-292)

Financial Aid, Borrowing Constraints, and College Attendance: Evidence from Structural Estimates

Michael P. Keane

(pp. 293-297)

A Multinomial-Choice Model of Neighborhood Effects

William A. Brock and Steven N. Durlauf

(pp. 298-303)

Identifying Hedonic Models

Ivar Ekeland, James J. Heckman and Lars Nesheim

(pp. 304-309)

On the Demographic Composition of Colleges and Universities in Market Equilibrium

Dennis Epple, Richard Romano and Holger Sieg

(pp. 310-314)

Asymmetric Information in Community Banking and Its Relationship to Credit-Market Discrimination

Christopher Henderson

(pp. 315-319)

A Dream Deferred or Realized: The Impact of Public Policy on Fostering Black Homeownership in New York City Throughout the 1990's

Lance Freeman and Darrick Hamilton

(pp. 320-324)

Cooperatives and Wealth Accumulation: Preliminary Analysis

Jessica Gordon Nembhard

(pp. 325-329)

Wealth: Asset-Accumulation Differences by Race-SCF Data, 1995 and 1998

Ronald L. Straight

(pp. 330-334)

A Foundation for Behavioral Economics

Jessica L. Cohen and William T. Dickens

(pp. 335-338)

IQ and Income Inequality in a Sample of Sibling Pairs from Advantaged Family Backgrounds

Charles Murray

(pp. 339-343)

The Nature and Nurture of Economic Outcomes

Bruce Sacerdote

(pp. 344-348)

Wage Gains Associated with Height as a Form of Health Human Capital

T. Paul Schultz

(pp. 349-353)

The Motherhood Wage Penalty: Which Mothers Pay It and Why?

Deborah J. Anderson, Melissa Binder and Kate Krause

(pp. 354-358)

Children and Household Income Packages: A Cross-National Analysis

Erin Todd and Dennis Sullivan

(pp. 359-362)

Child Abuse and Abortion Availability

Marianne Bitler and Madeline Zavodny

(pp. 363-367)

All in the Family: A Simultaneous Model of Parenting Style and Child Conduct

Peter Burton, Shelley Phipps and Lori Curtis

(pp. 368-372)

Labor Supply at the Extensive and Intensive Margins: The EITC, Welfare, and Hours Worked

Bruce D. Meyer

(pp. 373-379)

Welfare, Employment, and Income: Evidence on the Effects of Benefit Reductions from California

V. Joseph Hotz, Charles H. Mullin and John Karl Scholz

(pp. 380-384)

The Behavioral Effects of Welfare Time Limits

Jeffrey Grogger

(pp. 385-389)

The Wage Gap and Public Support for Social Security

Assaf Razin, Efraim Sadka and Phillip Swagel

(pp. 390-395)

Pension Reforms and the Opinions of European Citizens

Tito Boeri, Axel Boersch-Supan and Guido Tabellini

(pp. 396-401)

Asset-Market Effects of the Baby Boom and Social-Security Reform

Robin Brooks

(pp. 402-406)

Intergenerational Risk-Sharing via Social Security when Financial Markets Are Incomplete

Dirk Krueger and Felix Kubler

(pp. 407-410)

Taxation of Financial Services under a VAT

Alan J. Auerbach and Roger H. Gordon

(pp. 411-416)

Capital-Income Taxation with Imperfect Competition

Kenneth L. Judd

(pp. 417-421)

Exchange-Traded Funds: A New Investment Option for Taxable Investors

James M. Poterba and John B. Shoven

(pp. 422-427)

Modern Evidence on the Firm

Scott E. Masten

(pp. 428-432)

Complexity, Flexibility, and the Make-or-Buy Decision

Steven Tadelis

(pp. 433-437)

The Lens of Contract: Private Ordering

Oliver E. Williamson

(pp. 438-443)

Can Web Courses Replace the Classroom in Principles of Microeconomics?

Byron W. Brown and Carl E. Liedholm

(pp. 444-448)

Microeconomic Principles Teaching Tricks

Daniel S. Hamermesh

(pp. 449-453)

Reconsidering Crucial Concepts in Micro Principles

Karl E. Case

(pp. 454-458)

The Economic Naturalist: Teaching Introductory Students How to Speak Economics

Robert H. Frank

(pp. 459-462)

Use It or Lose It: Teaching Literacy in the Economics Principles Course

W. Lee Hansen, Michael K. Salemi and John J. Siegfried

(pp. 463-472)

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American Economic Review

Vol. 92 No. 2 May 2002

Find articles in this issue

Editors' Introduction Robert E. Lucas Jr (p. vii)

Foreword Robert E. Lucas Jr (p. viii)

Prosperity and Depression Edward C. Prescott (pp. 1-15)

Policy-Driven Productivity in Chile and Mexico in the 1980's and 1990's Raphael Bergoeing, Patrick J. Kehoe, Timothy J. Kehoe and Raimundo Soto (pp. 16-21)

Accounting for the Great Depression V. V. Chari, Patrick J. Kehoe and Ellen R. McGrattan (pp. 22-27)

The U.S. and U.K. Great Depressions Through the Lens of Neoclassical Growth Theory Harold L. Cole and Lee E. Ohanian (pp. 28-32)

A Dual Liquidity Model for Emerging Markets Ricardo J. Caballero and Arvind Krishnamurthy (pp. 33-37)

Bank Bailouts and Aggregate Liquidity Douglas W. Diamond and Raghuram G. Rajan (pp. 38-41)

Domestic and International Supply of Liquidity Bengt Holmstrom and Jean Tirole (pp. 42-45)

Balance-Sheet Contagion Nobuhiro Kiyotaki and John Moore (pp. 46-50)

Payment Arrangements and Inflation Edward J. Green (pp. 51-57)

Money: What's the Question and Why Should We Care About the Answer? Narayana R. Kocherlakota (pp. 58-61)

Evil Is the Root of All Money Nobuhiro Kiyotaki and John Moore (pp. 62-66)

Matching and Money Dean Corbae, Ted Temzelides and Randall Wright (pp. 67-71)

Chaotic Interest-Rate Rules Jess Benhabib, Stephanie Schmitt-Grohé and Martín Uribe (pp. 72-78)

Taylor Rules in a Model that Satisfies the Natural-Rate Hypothesis Charles T. Carlstrom and Timothy S. Fuerst (pp. 79-84)

The Choice of an Inflation Target Range in a Small Open Economy Christopher J. Erceg (pp. 85-89)

The Fed and Interest Rates - A High-Frequency Identification John H. Cochrane and Monika Piazzesi (pp. 90-95)

The Natural Rate of Q Bill Dupor (pp. 96-101)

Inflation-Targeting, Exchange-Rate Pass-Through, and Volatility Maurice Obstfeld (pp. 102-107)

The Fed and the New Economy Laurence Ball and Robert R. Tchaidze (pp. 108-114)

Monetary-Policy Rules and the Great Inflation Athanasios Orphanides (pp. 115-120)

A Rehabilitation of Monetary Policy in the 1950's Christina D. Romer and David H. Romer (pp. 121-127)

Monetary Policy, Banking Crises, and the Friedman Rule Bruce D. Smith (pp. 128-134)

Excess Asset Returns with Limited Enforcement Costas Azariadis and Luisa Lambertini (pp. 135-140)

Self-Insurance, Social Insurance, and the Optimum Quantity of Money Chris Edmond (pp. 141-147)

The U.S. Technology Frontier Francesco Caselli and Wilbur John Coleman II (pp. 148-152)

The U.S. Demographic Transition Jeremy Greenwood and Ananth Seshadri (pp. 153-159)

The Role of Agriculture in Development Douglas Gollin, Stephen Parente and Richard Rogerson (pp. 160-164)

Interpreting the Tariff-Growth Correlation of the Late 19th Century Douglas A. Irwin (pp. 165-169)

The Mystery of the Excess Trade (Balances) Donald R. Davis and David E. Weinstein (pp. 170-174)

Cost of Protection: Where Do We Stand? Arvind Panagariya (pp. 175-179)

Trade and Poverty in the Poor Countries Jagdish Bhagwati and T. N. Srinivasan (pp. 180-183)

Firm and Product Life Cycles and Firm Survival Rajshree Agarwal and Michael Gort (pp. 184-190)

The Decline of Cities and Inequality Mehmet Yorukoglu (pp. 191-197)

The Q-Theory of Mergers Boyan Jovanovic and Peter L. Rousseau (pp. 198-204)

The Economics of Copyright "Fair Use" in a Networked World Benjamin Klein, Andres V. Lerner and Kevin M. Murphy (pp. 205-208)

The Case Against Intellectual Property Michele Boldrin and David Levine (pp. 209-212)

When Should We Use Intellectual Property Rights? Paul Romer (pp. 213-216)

On the Supply of Creative Work: Evidence from the Movies Kai-Lung Hui and I. P. L. Png (pp. 217-220)

150 Years of Patent Protection Josh Lerner (pp. 221-225)

Accounting for Innovation and Measuring Innovativeness: An Illustrative Framework and an Application Jacques Mairesse and Pierre Mohnen (pp. 226-230)

Technological Change, Entry, and Stock-Market Dynamics: An Analysis of Transition in a Monopolistic Industry Bipasa Datta and Huw Dixon (pp. 231-235)

The Internet and International Trade in Services Caroline Freund and Diana Weinhold (pp. 236-240)

Explaining Diversity: Symmetry-Breaking in Complementarity Games Kiminori Matsuyama (pp. 241-246)

Spatial Agglomeration Dynamics Danny Quah (pp. 247-252)

Is Equality Stable? Dilip Mookherjee and Debraj Ray (pp. 253-259)

Inheritances and Wealth Inequality, 1989-1998 Edward N. Wolff (pp. 260-264)

Simulating the Transmission of Wealth Inequality Jagadeesh Gokhale and Laurence J. Kotlikoff (pp. 265-269)

Wealth Inequality and Altruistic Bequests John Laitner (pp. 270-273)

The Importance of Bequests and Life-Cycle Saving in Capital Accumulation: A New Answer Karen E. Dynan, Jonathan Skinner and Stephen P. Zeldes (pp. 274-278)

The Behavioral and Distributional Implications of Aid for College Susan Dynarski (pp. 279-285)

Semiparametric Reduced-Form Estimation of Tuition Subsidies Hidehiko Ichimura and Christopher Taber (pp. 286-292)

Financial Aid, Borrowing Constraints, and College Attendance: Evidence from Structural Estimates Michael P. Keane (pp. 293-297)

A Multinomial-Choice Model of Neighborhood Effects William A. Brock and Steven N. Durlauf (pp. 298-303)

Identifying Hedonic Models Ivar Ekeland, James J. Heckman and Lars Nesheim (pp. 304-309)

On the Demographic Composition of Colleges and Universities in Market Equilibrium Dennis Epple, Richard Romano and Holger Sieg (pp. 310-314)

Asymmetric Information in Community Banking and Its Relationship to Credit-Market Discrimination Christopher Henderson (pp. 315-319)

A Dream Deferred or Realized: The Impact of Public Policy on Fostering Black Homeownership in New York City Throughout the 1990's Lance Freeman and Darrick Hamilton (pp. 320-324)

Cooperatives and Wealth Accumulation: Preliminary Analysis Jessica Gordon Nembhard (pp. 325-329)

Wealth: Asset-Accumulation Differences by Race-SCF Data, 1995 and 1998 Ronald L. Straight (pp. 330-334)

A Foundation for Behavioral Economics Jessica L. Cohen and William T. Dickens (pp. 335-338)

IQ and Income Inequality in a Sample of Sibling Pairs from Advantaged Family Backgrounds Charles Murray (pp. 339-343)

The Nature and Nurture of Economic Outcomes Bruce Sacerdote (pp. 344-348)

Wage Gains Associated with Height as a Form of Health Human Capital T. Paul Schultz (pp. 349-353)

The Motherhood Wage Penalty: Which Mothers Pay It and Why? Deborah J. Anderson, Melissa Binder and Kate Krause (pp. 354-358)

Children and Household Income Packages: A Cross-National Analysis Erin Todd and Dennis Sullivan (pp. 359-362)

Child Abuse and Abortion Availability Marianne Bitler and Madeline Zavodny (pp. 363-367)

All in the Family: A Simultaneous Model of Parenting Style and Child Conduct Peter Burton, Shelley Phipps and Lori Curtis (pp. 368-372)

Labor Supply at the Extensive and Intensive Margins: The EITC, Welfare, and Hours Worked Bruce D. Meyer (pp. 373-379)

Welfare, Employment, and Income: Evidence on the Effects of Benefit Reductions from California V. Joseph Hotz, Charles H. Mullin and John Karl Scholz (pp. 380-384)

The Behavioral Effects of Welfare Time Limits Jeffrey Grogger (pp. 385-389)

The Wage Gap and Public Support for Social Security Assaf Razin, Efraim Sadka and Phillip Swagel (pp. 390-395)

Pension Reforms and the Opinions of European Citizens Tito Boeri, Axel Boersch-Supan and Guido Tabellini (pp. 396-401)

Asset-Market Effects of the Baby Boom and Social-Security Reform Robin Brooks (pp. 402-406)

Intergenerational Risk-Sharing via Social Security when Financial Markets Are Incomplete Dirk Krueger and Felix Kubler (pp. 407-410)

Editors' Introduction

Robert E. Lucas Jr

(p. vii)

Foreword

Robert E. Lucas Jr

(p. viii)

Prosperity and Depression

Edward C. Prescott

(pp. 1-15)

Policy-Driven Productivity in Chile and Mexico in the 1980's and 1990's

Raphael Bergoeing, Patrick J. Kehoe, Timothy J. Kehoe and Raimundo Soto

(pp. 16-21)

Accounting for the Great Depression

V. V. Chari, Patrick J. Kehoe and Ellen R. McGrattan

(pp. 22-27)

The U.S. and U.K. Great Depressions Through the Lens of Neoclassical Growth Theory

Harold L. Cole and Lee E. Ohanian

(pp. 28-32)

A Dual Liquidity Model for Emerging Markets

Ricardo J. Caballero and Arvind Krishnamurthy

(pp. 33-37)

Bank Bailouts and Aggregate Liquidity

Douglas W. Diamond and Raghuram G. Rajan

(pp. 38-41)

Domestic and International Supply of Liquidity

Bengt Holmstrom and Jean Tirole

(pp. 42-45)

Balance-Sheet Contagion

Nobuhiro Kiyotaki and John Moore

(pp. 46-50)

Payment Arrangements and Inflation

Edward J. Green

(pp. 51-57)

Money: What's the Question and Why Should We Care About the Answer?

Narayana R. Kocherlakota

(pp. 58-61)

Evil Is the Root of All Money

Nobuhiro Kiyotaki and John Moore

(pp. 62-66)

Matching and Money

Dean Corbae, Ted Temzelides and Randall Wright

(pp. 67-71)

Chaotic Interest-Rate Rules

Jess Benhabib, Stephanie Schmitt-Grohé and Martín Uribe

(pp. 72-78)

Taylor Rules in a Model that Satisfies the Natural-Rate Hypothesis

Charles T. Carlstrom and Timothy S. Fuerst

(pp. 79-84)

The Choice of an Inflation Target Range in a Small Open Economy

Christopher J. Erceg

(pp. 85-89)

The Fed and Interest Rates - A High-Frequency Identification

John H. Cochrane and Monika Piazzesi

(pp. 90-95)

The Natural Rate of Q

Bill Dupor

(pp. 96-101)

Inflation-Targeting, Exchange-Rate Pass-Through, and Volatility

Maurice Obstfeld

(pp. 102-107)

The Fed and the New Economy

Laurence Ball and Robert R. Tchaidze

(pp. 108-114)

Monetary-Policy Rules and the Great Inflation

Athanasios Orphanides

(pp. 115-120)

A Rehabilitation of Monetary Policy in the 1950's

Christina D. Romer and David H. Romer

(pp. 121-127)

Monetary Policy, Banking Crises, and the Friedman Rule

Bruce D. Smith

(pp. 128-134)

Excess Asset Returns with Limited Enforcement

Costas Azariadis and Luisa Lambertini

(pp. 135-140)

Self-Insurance, Social Insurance, and the Optimum Quantity of Money

Chris Edmond

(pp. 141-147)

The U.S. Technology Frontier

Francesco Caselli and Wilbur John Coleman II

(pp. 148-152)

The U.S. Demographic Transition

Jeremy Greenwood and Ananth Seshadri

(pp. 153-159)

The Role of Agriculture in Development

Douglas Gollin, Stephen Parente and Richard Rogerson

(pp. 160-164)

Interpreting the Tariff-Growth Correlation of the Late 19th Century

Douglas A. Irwin

(pp. 165-169)

The Mystery of the Excess Trade (Balances)

Donald R. Davis and David E. Weinstein

(pp. 170-174)

Cost of Protection: Where Do We Stand?

Arvind Panagariya

(pp. 175-179)

Trade and Poverty in the Poor Countries

Jagdish Bhagwati and T. N. Srinivasan

(pp. 180-183)

Firm and Product Life Cycles and Firm Survival

Rajshree Agarwal and Michael Gort

(pp. 184-190)

The Decline of Cities and Inequality

Mehmet Yorukoglu

(pp. 191-197)

The Q-Theory of Mergers

Boyan Jovanovic and Peter L. Rousseau

(pp. 198-204)

The Economics of Copyright "Fair Use" in a Networked World

Benjamin Klein, Andres V. Lerner and Kevin M. Murphy

(pp. 205-208)

The Case Against Intellectual Property

Michele Boldrin and David Levine

(pp. 209-212)

When Should We Use Intellectual Property Rights?

Paul Romer

(pp. 213-216)

On the Supply of Creative Work: Evidence from the Movies

Kai-Lung Hui and I. P. L. Png

(pp. 217-220)

150 Years of Patent Protection

Josh Lerner

(pp. 221-225)

Accounting for Innovation and Measuring Innovativeness: An Illustrative Framework and an Application

Jacques Mairesse and Pierre Mohnen

(pp. 226-230)

Technological Change, Entry, and Stock-Market Dynamics: An Analysis of Transition in a Monopolistic Industry

Bipasa Datta and Huw Dixon

(pp. 231-235)

The Internet and International Trade in Services

Caroline Freund and Diana Weinhold

(pp. 236-240)

Explaining Diversity: Symmetry-Breaking in Complementarity Games

Kiminori Matsuyama

(pp. 241-246)

Spatial Agglomeration Dynamics

Danny Quah

(pp. 247-252)

Is Equality Stable?

Dilip Mookherjee and Debraj Ray

(pp. 253-259)

Inheritances and Wealth Inequality, 1989-1998

Edward N. Wolff

(pp. 260-264)

Simulating the Transmission of Wealth Inequality

Jagadeesh Gokhale and Laurence J. Kotlikoff

(pp. 265-269)

Wealth Inequality and Altruistic Bequests

John Laitner

(pp. 270-273)

The Importance of Bequests and Life-Cycle Saving in Capital Accumulation: A New Answer

Karen E. Dynan, Jonathan Skinner and Stephen P. Zeldes

(pp. 274-278)

The Behavioral and Distributional Implications of Aid for College

Susan Dynarski

(pp. 279-285)

Semiparametric Reduced-Form Estimation of Tuition Subsidies

Hidehiko Ichimura and Christopher Taber

(pp. 286-292)

Financial Aid, Borrowing Constraints, and College Attendance: Evidence from Structural Estimates

Michael P. Keane

(pp. 293-297)

A Multinomial-Choice Model of Neighborhood Effects

William A. Brock and Steven N. Durlauf

(pp. 298-303)

Identifying Hedonic Models

Ivar Ekeland, James J. Heckman and Lars Nesheim

(pp. 304-309)

On the Demographic Composition of Colleges and Universities in Market Equilibrium

Dennis Epple, Richard Romano and Holger Sieg

(pp. 310-314)

Asymmetric Information in Community Banking and Its Relationship to Credit-Market Discrimination

Christopher Henderson

(pp. 315-319)

A Dream Deferred or Realized: The Impact of Public Policy on Fostering Black Homeownership in New York City Throughout the 1990's

Lance Freeman and Darrick Hamilton

(pp. 320-324)

Cooperatives and Wealth Accumulation: Preliminary Analysis

Jessica Gordon Nembhard

(pp. 325-329)

Wealth: Asset-Accumulation Differences by Race-SCF Data, 1995 and 1998

Ronald L. Straight

(pp. 330-334)

A Foundation for Behavioral Economics

Jessica L. Cohen and William T. Dickens

(pp. 335-338)

IQ and Income Inequality in a Sample of Sibling Pairs from Advantaged Family Backgrounds

Charles Murray

(pp. 339-343)

The Nature and Nurture of Economic Outcomes

Bruce Sacerdote

(pp. 344-348)

Wage Gains Associated with Height as a Form of Health Human Capital

T. Paul Schultz

(pp. 349-353)

The Motherhood Wage Penalty: Which Mothers Pay It and Why?

Deborah J. Anderson, Melissa Binder and Kate Krause

(pp. 354-358)

Children and Household Income Packages: A Cross-National Analysis

Erin Todd and Dennis Sullivan

(pp. 359-362)

Child Abuse and Abortion Availability

Marianne Bitler and Madeline Zavodny

(pp. 363-367)

All in the Family: A Simultaneous Model of Parenting Style and Child Conduct

Peter Burton, Shelley Phipps and Lori Curtis

(pp. 368-372)

Labor Supply at the Extensive and Intensive Margins: The EITC, Welfare, and Hours Worked

Bruce D. Meyer

(pp. 373-379)

Welfare, Employment, and Income: Evidence on the Effects of Benefit Reductions from California

V. Joseph Hotz, Charles H. Mullin and John Karl Scholz

(pp. 380-384)

The Behavioral Effects of Welfare Time Limits

Jeffrey Grogger

(pp. 385-389)

The Wage Gap and Public Support for Social Security

Assaf Razin, Efraim Sadka and Phillip Swagel

(pp. 390-395)

Pension Reforms and the Opinions of European Citizens

Tito Boeri, Axel Boersch-Supan and Guido Tabellini

(pp. 396-401)

Asset-Market Effects of the Baby Boom and Social-Security Reform

Robin Brooks

(pp. 402-406)

Intergenerational Risk-Sharing via Social Security when Financial Markets Are Incomplete

Dirk Krueger and Felix Kubler

(pp. 407-410)

Taxation of Financial Services under a VAT

Alan J. Auerbach and Roger H. Gordon

(pp. 411-416)

Capital-Income Taxation with Imperfect Competition

Kenneth L. Judd

(pp. 417-421)

Exchange-Traded Funds: A New Investment Option for Taxable Investors

James M. Poterba and John B. Shoven

(pp. 422-427)

Modern Evidence on the Firm

Scott E. Masten

(pp. 428-432)