NATIONAL BUREAU OF ECONOMIC RESEARCH

Summer Institute 2006

Master Program

 

 

 

MONDAY, JULY 10:

 

 

 

 

9:00 am

IFM

KOSUKE AOKI and GIANLUCA BENIGNO, London School of Economics

 

 

NOBUHIRO KIYOTAKI, London School of Economics and NBER

 

 

Adjusting to Capital Liberalization

 

 

 

 9:15 am

DAE

RICHARD STECKEL, Ohio State University and NBER

 

 

Ecological Conditions and Nutritional Success of Equestrian Nomads on the Great Plains

 

 

 

10:20 am

DAE

PETER MANCALL, University of Southern California

 

 

JOSH ROSENBLOOM and TOM WEISS, University of Kansas and NBER

 

 

Re-Examining the Role of Exports in the Economy of Colonial America: Evidence from the Middle Colonies and Lower South

 

 

 

10:40 am

IFM

ENRIQUE MENDOZA, University of Maryland and NBER

 

 

MARCELO OVIEDO, Iowa State University

 

 

Fiscal Policy and Macroeconomic Uncertainty in Emerging Markets

 

 

 

11:25 am

DAE

FILIPPO OCCHINO, Rutgers University

 

 

KIM OOSTERLINCK, Université Libre de Bruxelles

 

 

EUGENE WHITE, Rutgers University and NBER

 

 

How Occupied France Financed its own Exploitation in World War II

 

 

 

 1:15 pm

DAE

LATIKA CHAUDHARY, UC, Los Angeles

 

 

Social Divisions and Public Goods Provision: Evidence from Colonial India

 

 

 

2:15 pm

ME

LINDA GOLDBERG, Federal Reserve Bank of New York and NBER

 

 

MICHAEL KLEIN, Tufts University and NBER

 

 

Establishing Credibility:  Evolving Perceptions of the European Central Bank

 

 

 

2:20 pm

DAE

KEN SOKOLOFF, UC, Los Angeles and NBER

 

 

ERIC ZOLT, UC, Los Angeles

 

 

Inequality and the Evolution of Institutions of Taxation: Evidence from the Economic History of the Americas

 

 

 

3:10 pm

ME

MATTEO CICCARELLI and BENOÎT MOJON, European Central Bank

 

 

Global Inflation

 

 

 

3:25 pm

DAE

ART CARDEN, Washington University

 

 

Trial by Fury: Institutions and Southern Development

 

TUESDAY, JULY 11:

 

 

 

 

8:30 am

EFWW

ULRICH MUELLER, Princeton University

 

 

Correlation and Heterogeneity Robust Inference Based on T-Statistics

 

 

 

 9:00 am

DAE

ERIC HILT, Wellesley College and NBER

 

 

Corporate Ownership and Governance in the Early Nineteenth Century

 

 

 

9:00 am

IFM

DOIREANN FITZGERALD, UC, Santa Cruz

 

 

Trade Costs, Asset Market Frictions and Risk Sharing: A Joint Test

 

 

 

9:45 am

EFWW

MICHAEL McCRACKEN, University of Missouri

 

 

Combining Forecasts from Nested Models

 

 

 

10:05 am

DAE

RICHARD SYLLA and ROBERT WRIGHT, New York University and NBER

 

 

DAVID COWEN, New York University

 

 

The U.S. Panic of 1792: Financial Crisis Management and the Lender of Last Resort

 

 

 

10:40 am

IFM

FERNANDO BRONER and ALBERTO MARTIN, CREI

 

 

JAUME VENTURA, Universitat Pompeu Fabra and NBER

 

 

Sovereign Risk and Secondary Markets

 

 

 

11:00 am

EFWW

ALEXEI ONATSKI, Columbia University

 

 

Asymptotic Distribution of Principal Components Estimator of Large Spherical Factor Models

 

 

 

11:10 am

DAE

SEAN GAILMARD and JEFFERY JENKINS Northwestern University

 

 

Agency Problems and Electoral Institutions:  The 17th Amendment and Representation in the Senate

 

 

 

1:00 pm

DAE

CAROLA FRYDMAN, Harvard University

 

 

Rising Through the Ranks: The Evolution of the Market for Corporate Executives, 1936-2003

 

 

 

1:00 pm

ME

MARK GERTLER and JOHN LEAHY, New York University and NBER

 

 

A Phillips Curve with an Ss Foundation

 

 

 

1:55 pm

ME

CARLOS CARVALHO, Princeton University

 

 

Heterogeneity in Price Stickiness and the New Keynesian Phillips Curve

 

 

 

2:10 pm

DAE

JOE KABOSKI, Ohio State University

 

 

TREVON LOGAN, Ohio State University and NBER

 

 

The Returns to Education in the Early 20th Century: New Historical Evidence

 

 

 

3:05 pm

ME

THOMAS SARGENT, New York University and NBER

 

 

NOAH WILLIAMS, Princeton University and NBER

 

 

TAO ZHA, Federal Reserve Bank of Atlanta

 

 

Hyperinflations:  Expectations, Escapes, and Regimes

 

 

 

 3:15 pm

DAE

RON ALQUIST, University of Michigan

 

 

BENJAMIN CHABOT, University of Michigan and NBER

 

 

The Tie That Bound? Did Adherence to the Gold Standard Really Lower the Cost of Capital?

 

 

 

WEDNESDAY, JULY 12:

 

 

 

 

8:30 am

EFWW

MIN WEI, Federal Reserve Board

 

 

Do Macro Variables, Asset Markets, or Surveys Forecast Inflation Better?

 

 

 

 9:00 am

DAE

SUNG WON KANG, Samsung Group

 

 

HUGH ROCKOFF. Rutgers University and NBER

 

 

After Johnny Came Marching Home: Veterans Benefits from the Revolution through the Korean War

 

 

 

9:00 a.m.

IFM

PIERRE-OLIVIER GOURINCHAS, UC, Berkeley and NBER

 

 

OLIVIER JEANNE, International Monetary Fund

 

 

Capital Flows to Developing Countries: the Allocation Puzzle

 

 

 

9:45

EFWW

REFET GÜRKAYNAK, Bilkent University

 

 

JUSTIN WOLFERS, University of Pennsylvania and NBER

 

 

Macroeconomic Derivatives: An Initial Analysis of Market-Based Macro Forecasts, Uncertainty, and Risk

 

 

 

10:05 am

DAE

MINDY MILLER, University of Michigan

 

 

Forty Acres and (no) Mule: Evaluating the Impact of Free Land on the Outcomes of Former Slaves

 

 

 

10:40 a.m.

IFM

JIANDONG JU, University of Oklahoma

 

 

SHANG-JIN WEI, Harvard University and NBER

 

 

A Solution to Two Paradoxes of International Capital Flows

 

 

 

11:00 am

EFWW

MASSIMILIANO MARCELLINO, Universita Bocconi

 

 

A Simple Benchmark for Forecasts of Growth and Inflation

 

 

 

11:10 am

DAE

RADEK SZULGA, UC, Davis

 

 

A Dynamic Model of Female Labor Force Participation Rate and Human Capital Investment

 

 

 

 1:00 pm

DAE

TODD SORENSEN, University of Arizona

 

 

SAMUEL ALLEN, UC, Davis

 

 

PRICE FISHBACK, University of Arizona and NBER

 

 

SHAWN KANTOR, UC, Merced and NBER

 

 

Migration Creation, Diversion, and Retention:  The New Deal Grants and Migration, 1935-1940

 

 

 

1:00 pm

ME

JEAN BOIVIN and MARC GIANNONI, Columbia University and NBER

 

 

ILIAN MIHOV, INSEAD

 

 

Sticky Prices and Monetary Policy:  Evidence from Disaggregated U.S. Data

 

 

 

1:55 pm

ME

PETER KLENOW, Stanford University and NBER

 

 

JONATHAN WILLIS, Federal Reserve Bank of Kansas City

 

 

Real Rigidities and Nominal Price Changes

 

 

 

2:10 pm

DAE

ZORINA KHAN, Bowdoin College and NBER

 

 

To Have and Have Not: Are Rich Litigious Plaintiffs Favored in Court Cases?

 

 

 

3:05 pm

ME

GITA GOPINATH, Harvard University and NBER

 

 

ROBERTO RIGOBON, MIT and NBER

 

 

Sticky Borders

 

 

 

 3:15 pm

DAE

PETER TEMIN, MIT and NBER

 

 

The Rate of Time Preference in the United States Government

 

 

 

THURSDAY, JULY 13:

 

 

 

 

8:30 am

EFWW

JOHN GEWEKE, University of Iowa

 

 

Smoothly Mixing Regressions

 

 

 

8:30 am

Risk

DARRELL DUFFIE, Stanford University and NBER

 

 

ANDREAS ECKNER, GUILLAUME HOREL and LEANDO SAITA,

 

 

Stanford University

 

 

Frailty Correlated Default

 

 

 

 9:00 am

DAE

THOMAS MROZ and KOLEMAN STRUMPF, University of North Carolina at Chapel Hill

 

 

PAUL RHODE, University of North Carolina and NBER

 

 

School Quality and Migration: Evidence from 1940

 

 

 

9:00 am

IFM

LINDA GOLDBERG, Federal Reserve Bank of New York and NBER

 

 

JOSÉ CAMPA, IESE Business School

 

 

Distribution Margins, Imported Inputs and the Insensitivity of the CPI to Exchange Rates

 

 

 

9:45

Risk

GARY GORTON, University of Pennsylvania and NBER

 

 

PING HE, University of Illinois at Chicago

 

 

LIXIN HUANG, City University of Hong Kong

 

 

Asset Prices When Agents are Marked to Market

 

 

 

9:45 am

EFWW

GIORGIO PRIMICERI, Northwestern University and NBER

 

 

ALEJANDRO JUSTINIANO, Federal Reserve Board of Governors

 

 

The Time Varying Volatility of Macroeconomic Fluctuations

 

 

 

10:05 am

DAE

PETRA MOSER, MIT and NBER

 

 

War and Ethnic Discrimination: Evidence from Applications to the New York Stock Exchange, 1883-1973

 

 

 

10:40 a.m.

IFM

STIJN VAN NIEUWERBURGH, Stanford University and NBER

 

 

LAURA VELDKAMP, New York University

 

 

Information Immobility and the Home Bias Puzzle

 

 

 

11:00 am

EFWW

ANDREW PATTON, London School of Economics

 

 

Volatility Forecast Comparison Using Imperfect Volatility Proxies

 

 

 

11:00 am

Risk

FRANCIS LONGSTAFF, UC, Los Angeles and NBER

 

 

ARVIND RAJAN, Citigroup

 

 

An Empirical Analysis of the Pricing of Collateralized Debt Obligations

 

 

 

11:10 am

DAE

CHRISTOPHER MEISSNER, Cambridge University and NBER

 

 

DAVID JACKS, Simon Fraser University

 

 

America's Icebergs: Measuring International Integration for the USA, 1870-1913

 

 

 

1:00 pm

AP

DIRK KRUEGER, Goethe University Frankfurt and NBER

 

 

HANNO LUSTIG, UC, Los Angeles and NBER

 

 

The Irrelevance of Market Incompleteness for the Price of Aggregate Risk

 

 

 

1:00 pm

ME

RICARDO CABALLERO, MIT and NBER

 

 

TAKEO HOSHI, UC, San Diego and NBER

 

 

ANIL KASHYAP, University of Chicago and NBER

 

 

Zombie Lending and Depressed Restructuring in Japan

 

 

 

1:55 pm

ME

ROBERT BARSKY, University of Michigan and NBER

 

 

ERIC SIMS, University of Michigan

 

 

Information Shocks, Animal Spirits, and the Meaning of Innovations in Consumer Confidence

 

 

 

2:15 pm

AP

HONGJUN YAN, Yale University

 

 

Is Noise Trading Cancelled out by Aggregation

 

 

 

3:05

ME

MICHAEL ELSBY, University of Michigan

 

 

Evaluating the Economic Significance of Downward Nominal Wage Rigidity

 

 

 

3:30

AP

VICTOR-ANGEL DEMIGUEL, London Business School

 

 

LORENZO GARLAPPI, University of Texas at Austin

 

 

RAMAN UPPAL, London Business School

 

 

1/N

 

 

FRIDAY, JULY 14:

 

 

 

 

8:30 am

AP

ZHI DA and ERNST SCHAUMBURG, Northwestern University

 

 

Target Prices, Relative Valuations and the Compensation for Liquidity Provision

 

 

 

8:30 am

EFWW

JAMES NASON, Federal Reserve Bank of Atlanta

 

 

JOHN ROGERS, Federal Reserve Board

 

 

Making Exchange Rates Sparkle: Restricting Its Present-Value Model with Common Trends and Common Cycles

 

 

 

9:00 am

EFJK

CHRISTIAN BRODA, University of Chicago and NBER

 

 

JOSHUA GREENFIELD, Columbia University

 

 

DAVID WEINSTEIN, Columbia University and NBER

 

 

From Groundnuts to Globalization:  A Structural Estimate of Trade and Growth

 

 

 

9:00 am

IFM

ADRIEN VERDELHAN, Boston University

 

 

A Habit-Based Explanation of the Exchange Rate Risk Premium

 

 

 

9:45 am

EFWW

JAN GROEN, Bank of England

 

 

Fundamentals Based Exchange Rate Prediction Revisited

 

 

 

9:45 am

AP

ERICA LI, University of Rochester

 

 

DMITRY LIVDAN, Texas A&M University

 

 

LU ZHANG, University of Rochester and NBER

 

 

Optimal Market Timing

 

 

 

10:15 am

EFJK

RAMON MARIMON, University of Pompeu Fabra

 

 

VINCENZO QUADRINI, University of Southern California and NBER

 

 

Competition, Innovation and Growth with Limited Commitment

 

 

 

10:40 a.m.

IFM

RODNEY RAMCHARAN, International Monetary Fund

 

 

Does Economic Diversification Lead to Financial Development? Evidence from Topography

 

 

 

11:00 am

EFWW

FILIPPO ALTISSIMO, European Central Bank

 

 

RICCARDO CRISTADORO, Banca d'Italia

 

 

MARIO FORNI, Universita de Modena e Reggio Emilia

 

 

MARCO LIPPI, Universita di Roma La Sapienza

 

 

GIOVANNI VERONESE, Banca d'Italia

 

 

New Eurocoin: Tracking Economic Growth in Real Time

 

 

 

11:00 am

AP

ANDREW DUBINSKY and MICHAEL JOHANNES, Columbia University

 

 

Anticipated Uncertainty, Earnings Announcements, and Equity Options

 

 

 

11:15 am

EFJK

MOSHE HAZAN, Hebrew University

 

 

Longevity and Lifetime Labor Input: Data and Implications

 

 

 

1:00 pm

AP

EVAN ANDERSON, Northern Illinois University

 

 

ERIC GHYSELS, University of North Carolina at Chapel Hill

 

 

JENNIFER JUERGENS, Arizona State University

 

 

The Impact of Risk and Uncertainty on Expected Returns

 

 

 

1:00 pm

ME

LUCA BENATI, Bank of England

 

 

UK Monetary Regimes and Macroeconomic Stylised Facts

 

 

 

1:15 pm

EFJK

DIEGO COMIN, New York University and NBER

 

 

BART HOBIJN, and EMILIE ROVITO, Federal Reserve Bank of New York

 

 

Five Facts You Need to Know About Technology Diffusion

 

 

 

1:55 pm

ME

GARY RICHARDSON and WILLIAM TROOST, UC, Irvine

 

 

Monetary Intervention Mitigated Banking Panics during the Great Depression:  Quasi-Experimental Evidence from the Federal Reserve District Border in Mississippi, 1929 to 1933

 

 

 

2:15 pm

AP

LAURENT CALVET, HEC School of Management and NBER

 

 

JOHN CAMPBELL, Harvard University and NBER

 

 

PAOLO SODINI, Stockholm School of Economics

 

 

Down and Out: Assessing the Welfare Costs of Household Investment Mistakes

 

 

 

2:30 pm

EFJK

ANDRES EROSA, University of Toronto

 

 

TATYANA KORESHKOVA, Oberlin College

 

 

DIEGO RESTUCCIA, University of Toronto

 

 

On the Aggregate and Distributional Implications of Productivity Differences Across Countries

3:05 pm

ME

MICHELLE ALEXOPOULOS, University of Toronto

 

 

Read All About It!!  What Happens Following a Technology Shock?

 

 

 

3:30 pm

AP

MARIANO CROCE, New York University

 

 

MARTIN LETTAU and SYDNEY LUDVIGSON, New York University and NBER

 

 

Investor Information Long Run Risk and the Duration of Risky Cash-Flows

 

 

 

3:30 pm

EFJK

DARON ACEMOGLU and SIMON JOHNSON, MIT and NBER

 

 

Disease and Development: The Effect of Life Expectancy on Economic Growth

 

 

 

 

 

 

SATURDAY, JULY 15:

 

 

 

 

9:00 am

EFG

RICARDO CABALLERO, MIT and NBER

 

 

EMMANUEL FARHI, MIT

 

 

PIERRE-OLIVIER GOURINCHAS, UC, Berkeley and NBER

 

 

An Equilibrium Model of Global Imbalances and Low Interest Rates

 

 

 

10:30 am

EFG

JONATHAN HEATHCOTE, Georgetown University

 

 

FABRIZIO PERRI, New York University and NBER

 

 

The International Diversification Puzzle is Not as Bad as You Think

 

 

 

11:30 am

EFG

RAJ CHETTY, UC, Berkeley and NBER

 

 

ADAM SZEIDL, UC, Berkeley

 

 

Consumption Commitments and Risk Preferences

 

 

 

1:30 pm

EFG

NICK BLOOM, Stanford University

 

 

The Impact of Uncertainty Shocks: Firm Level Estimation and a 9/11 Simulation

 

 

 

3:00 pm

EFG

FATIH GUVENEN and BURHANETTIN KURUSCU, University of Texas at Austin

 

 

Understanding Wage Inequality: Ben-Porath Meets Skill-Biased Technical Change

 

 

 

4:00 pm

EFG

FRANCISCO BUERA, Northwestern University

 

 

JOSEPH KABOSKI, Ohio State University

 

 

The Rise of the Service Economy

MONDAY, JULY 17:

 

 

 

 

9:00 am

EFACR

JUAN CARLOS CONESA, Universitat Autonoma de Barcelona

 

 

SAGIRI KITAO, New York University

 

 

DIRK KRUEGER, Goethe University Frankfurt and NBER

 

 

Taxing Capital?  Not a Bad Idea After All!

 

 

 

 9:00 am

EFCE

NIR JAIMOVICH, UC, San Diego

 

 

HENRY SIU, University of British Columbia

 

 

Demographics and Business Cycle Volatility

 

 

 

9:00 am

PRCR

BARRY BOSWORTH, Brookings Institution

 

 

JACK TRIPLETT, Brookings Institution

 

 

Services Productivity:  State of the Data and of the Analysis

 

 

 

10:15

EFACR

JUAN CARLOS CORDOBA, Rice University

 

 

GENEVIEVE VERDIER, Texas A&M University

 

 

Lucas vs. Lucas:  On Inequality and Growth

 

 

 

10:15 am

EFCE

NIR JAIMOVIC, UC, San Diego

 

 

SERGIO REBELO, Northwestern University and NBER

 

 

Do News Shocks Drive the Business Cycle?

 

 

 

10:15 am

PRCR

MICHAEL HORRIGAN, DEANNA BATHGATE and ROSLYN SWICK,

 

 

Bureau of Labor Statistics

 

 

BLS Services Producer Price Indices: Past, Present, and Future

 

 

 

11:30 am

EFACR

JEREMY LISE, Queen’s University

 

 

On-the-Job Search and Precautionary Savings: Theory and Empirics of Earnings and Wealth Inequality

 

 

 

11:30 am

EFCE

LAWRENCE CHRISTIANO, Northwestern University and NBER

 

 

ROBERTO MOTTO and MASSIMO ROSTAGNO, European Central Bank

 

 

Monetary Policy and Boom-Bust Cycles

 

 

 

11:30 am

PRCR

ANA AIZCORBE, Bureau of Economic Analysis

 

 

NICOLE NESTORIAK, Bureau of Economic Analysis

 

 

Measuring the Real Output of Medical Care Services

 

 

 

12:40 pm

EFRSW

MICHAEL PRIES, University of Maryland

 

 

Heterogeneity and the Amplification of Shocks

 

 

 

1:00 pm

EFEL

JOHN BOYD, University of Minnesota

 

 

GIANNI DE NICOLO, International Monetary Fund

 

 

ABU AL JALAL, University of Minnesota

 

 

Bank Risk Taking and Competition Revisied: New Theory and New Evidence

 

 

 

1:30 pm

EFABG

DARON ACEMOGLU, MIT and NBER

 

 

JAMES ROBINSON, Harvard University and NBER

 

 

Persistence of Power, Elites and Institutions

 

 

 

 1:30 pm

EFRSW

CHRISTIAN HAEFKE and MICHAEL REITER, Universitat Pompeu Fabra

 

 

Endogenous Labor Market Participation and the Business Cycle

 

 

 

1:30 pm

PRCR

SCOTT GOLDFARB and ROGER HELLER, Q/P Management Group

 

 

ALAN WHITE and JAISON ABEL, Analysis Group

 

 

Price Indexes for Custom and Own-Account Software

 

 

 

1:50 pm

EFEL

ARVIND KRISHNAMURTHY and ZHIGUO HE, Northwestern University

 

 

Intermediation, Capital Immobility, and Asset Prices

 

 

 

2:30 pm

PRCR

ROBERT YUSKAVAGE, Bureau of Economic Analysis

 

 

Distributive Services in the U.S. National Accounts

 

 

 

 2:40 pm

EFRSW

GADI BARLEVY, Federal Reserve Bank of Chicago

 

 

H. NAGARAJA, Ohio State University

 

 

Identification of Search Models with Initial Condition Problems

 

 

 

2:45 pm

EFABG

JESS BENHABIB and ALBERTO BISIN, New York University

 

 

The Distribution of Wealth and Redistributive Policies

 

 

 

2:55 pm

EFEL

STAVROS PANAGEAS, University of Pennsylvania

 

 

Bailouts and the Incentive to Manage Risk

 

 

 

 3:30 pm

EFRSW

EVA NAGYPAL, Northwestern University

 

 

On the Nature of Job-to-Job Transitions

 

 

 

3:45 pm

EFEL

MOTOHIRO YOGO, University of Pennsylvania

 

 

BORJA LARRAIN, Federal Reserve Bank of Boston

 

 

Does Firm Value Move Too Much to Be Justified by Subsequent Changes in Cash Flow?

 

 

 

4:00 pm

EFABG

DIEGO COMIN, New York University and NBER

 

 

BART HOBIJN, Federal Reserve Bank of New York

 

 

Lobbies and Technology Diffusion

 

 

 

 4:40 pm

EFRSW

RASMUS LENTZ, Boston University

 

 

DALE MORTENSEN, Northwestern University

 

 

Optimal Growth through Product Innovation

 

 

 

TUESDAY, JULY 18:

 

 

 

 

9:00 am

EFABG

MATTHIAS DOEPKE, UC, Los Angeles and NBER

 

 

MOSHE HAZAN, Hebrew University

 

 

YISHAY MAOZ, University of Haifa

 

 

The Baby Boom and World War II: The Role of Labor Market Experience

 

 

 

9:00 am

EFACR

MARIACRISTINA DE NARDI and ERIC FRENCH,

 

 

Federal Reserve Bank of Chicago

 

 

JOHN BAILEY JONES, University at Albany

 

 

Differential Mortality, Uncertain Medical Expenses, and the Saving of Elderly Singles

 

 

 

 9:00 am

EFCE

ANDREW LEVIN, DAVID LOPEZ-SALIDO and TACK YUN,

 

 

Federal Reserve Board

 

 

Strategic Complementarities and Optimal Monetary Policy

 

 

 

9:00 am

PRCR

DENNIS FIXLER, Bureau of Economic Analysis

 

 

MARSHALL REINSDORF, Bureau of Economic Analysis

 

 

Computing Real Bank Services

 

 

 

9:45 am

PRCR

SUSANTO BASU, Boston College

 

 

ROBERT INKLAAR, University of Groningen and the Conference Board

 

 

CHRISTINA WANG, Federal Reserve Bank of Boston

 

 

Implicit Prices of Implicit Financial Services

 

 

 

 

 

SUSANTO BASU, Boston College

 

 

CHRISTINA WANG, Federal Reserve Bank of Boston

 

 

Microfoundations of the “User Cost of Money” and the Measurement of Financial Services Prices

 

 

 

10:15 am

EFABG

ODED GALOR, Brown University

 

 

OMER MOAV, Hebrew University

 

 

Natural Selection and the Evolution of Life Expectancy

 

 

 

10:15 am

EFACR

CHRISTIAN GOLLIER, University of Toulouse

 

 

Whom Should We Believe?  Collective Risk-Taking Decisions with Heterogeneous Beliefs

 

 

 

10:15 am

EFCE

MICHAEL WOODFORD, Columbia University and NBER

 

 

Robustly Optimal Monetary Policy Under Near-Rational Expectations

 

 

 

10:30 am

EFABG

RODOLFO MANUELLI and ANANTH SESHADRI, University of Wisconsin

 

 

Births, Deaths and Development: The Role of Human Capital

 

 

 

 

 

 

11:30 am

EFACR

VINCENZO QUADRINI, University of Southern California and NBER

 

 

JOSE-VICTOR RIOS-RULL, University of Pennsylvania and NBER

 

 

Capital Markets Liberalization, Savings and Global Imbalances

 

 

 

11:30 am

EFCE

STEPHANIE SCHMITT-GROHE and MARTIN URIBE.

 

 

Duke University and NBER

 

 

Optimal Inflation Stabilization in a Medium-Scale Macroeconomic Model

 

 

 

12:40 pm

EFRSW

ROBERT HALL, Stanford University and NBER

 

 

Work-Consumption Preferences and Employment Volatility

 

 

 

1:00 pm

EFEL

MICHAEL HALIASSOS, Goethe University Frankfurt

 

 

DIMITRIS CHRISTELIS, University of Salerno

 

 

DIMITRIS GEORGARAKOS, Goethe University Frankfurt

 

 

Portfolio Composition of the Elderly, an International Comparison

 

 

 

1:00 pm

PRCR

DAVID PATON, Nottingham University

 

 

DONALD SEIGEL, Rensselaer Polytechnic Institute

 

 

LEIGHTON WILLIAMS, Nottingham Trent University

 

 

Productivity Measurement in Gambling

 

 

 

1:30 pm

EFABG

FERNANDO BRONER, CREI

 

 

JAUME VENTURA, CREI and NBER

 

 

Globalization and Risk Sharing

 

 

 

 1:30 pm

EFRSW

ROBERT SHIMER, University of Chicago and NBER

 

 

Mismatch and Mobility

 

 

 

1:50 pm

EFEL

PAUL WILLEN, University of Chicago

 

 

FELIX KUBLER, Stanford University

 

 

Collateralized Borrowing and Life-Cycle Portfolio Choice

 

 

 

2:00 pm

PRCR

THEODORE CRONE, Federal Reserve Bank of Philadelphia

 

 

LEONARD NAKAMURA, Federal Reserve Bank of Philadelphia

 

 

RICHARD VOITH, Econsult Corporation 

 

 

Rents Have Been Rising, Not Falling, in the Postwar Period

 

 

 

 2:40 pm

EFRSW

PHILLIP KIRCHER, University of Bonn

 

 

Efficiency of Simultaneous Directed Search with Recall

 

 

 

2:55 pm

EFEL

ADRIANO RAMPINI and ANDREA EISFELDT, Northwestern University

 

 

Leasing, Ability to Repossess and Debt Capacity

 

 

 

2:45 pm

EFABG

PAOLO EPIFANI, Università Bocconi

 

 

GINO GANCIA, Universitat Pompeu Fabra

 

 

On Globalization and the Growth of Governments

 

 

 

3:15 pm

PRCR

W. ERWIN DIEWERT, University of British Columbia and NBER

 

 

On Measuring Inventory Change in Current and Constant Dollars

 

 

 

 3:30 pm

EFRSW

BOYAN JOVANOVIC, New York University and NBER

 

 

BALAZS SZENTES,  University of Chicago

 

 

An Estimated Model of the Market for Venture Capital

 

 

 

3:45 pm

EFEL

VIRAL ACHARYA, London Business School

 

 

HEITOR ALMEIDA, New York University and NBER

 

 

MURILLO CAMPELLO, University of Illinois at Urbana-Champaign and NBER

 

 

Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies

 

 

 

4:00 pm

EFABG

XAVIER GABAIX, MIT and NBER

 

 

AUGUSTIN LANDIER, New York University

 

 

Why Has CEO Pay Increased So Much?

 

 

 

 4:40 pm

EFRSW

ALEKSANDER BERENTSEN, Universität Basel

 

 

GUIDO MENZIO, Northwestern University

 

 

RANDALL WRIGHT, University of Pennsylvania and NBER

 

 

Inflation and Unemployment:  Lagos-Wright meets Mortensen-Pissarides

 

 

 

WEDNESDAY, JULY 19:

 

 

 

 

8:45 am

PRCR

ROBERT INKLAAR, MARCEL TIMMER and BART VAN ARK,

 

 

University of Groningen

 

 

Mind the Gap!  International Comparisons of Productivity in Services and Goods Production

 

 

 

9:00 am

EFABG

MICHELE BOLDRIN, University of Minnesota

 

 

JESÚS FERNÁNDEZ-VILLAVERDE, University of Pennsylvania and NBER

 

 

A Theory of Growth Cycles

 

 

 

9:00 am

EFACR

YANN ALGAN, PSE

 

 

XAVIER RAGOT, PSE

 

 

Monetary Policy with Heterogeneous Agents and Credit Constraints

 

 

 

 9:00 am

EFCE

RANDALL WRIGHT, University of Pennsylvania and NBER

 

 

RAFAEL SILVEIRA, University of Pennsylvania

 

 

Liquidity and the Market for Ideas

 

 

 

10:00 am

PRCR

CAROL CORRADO, Federal Reserve Board

 

 

PAUL LENGERMANN, Federal Reserve Board

 

 

ERIC BARTELSMAN, Free University of Amsterdam

 

 

J. JOSEPH BEAULIEU, Brevan Howard, Inc.

 

 

Modeling Aggregate Productivity at a Disaggregate Level: New Results for U.S. Sectors and Industries

 

 

 

10:15 am

EFABG

MIKLOS KOREN, Federal Reserve Bank of New York

 

 

SILVANA TENREYRO, London School of Economics

 

 

Technological Diversification

 

 

 

10:15 am

EFACR

MANUELA ANGELUCCI, University of Arizona

 

 

GIACOMO DE GIORGI, University College London

 

 

Indirect Effects of an Aid Program:  The Case of Progresa and Consumption

 

 

 

10:15 am

EFCE

VALERIE RAMEY, UC, San Diego and NBER

 

 

Identification of Fiscal Spending Shocks

 

 

 

11:15 am

PRCR

CHARLES HULTEN, University of Maryland and NBER

 

 

ANDERS ISAKSSON, UNIDO

 

 

Why Income Levels Differ: The Sources of Differential Economic Growth in a Panel of High and Low Income Countries

 

 

 

11:30 am

EFABG

FRANCESCO CASELLI, London School of Economics and NBER

 

 

JAMES FEYRER, Dartmouth College

 

 

The Marginal Product of Capital

 

 

 

11:30 am

EFACR

NEZIH GUNER, REMZI KAYGUSUZ and GUSTAVO VENTURA,

 

 

Pennsylvania State University

 

 

Taxation, Aggregates and the Household

 

 

 

11:30 am

EFCE

BOYAN JOVANOVIC, New York University and NBER

 

 

Investment Options and the Business Cycle

 

 

 

12:40 pm

EFRSW

STEVE DAVIS, University of Chicago and NBER

 

 

JOHN HALTIWANGER, University of Maryland and NBER

 

 

RON JARMIN, and JAVIER MIRANDA, Bureau of the Census

 

 

Volatility and Dispersion in Business Growth Rates: Publicly Traded vs Privately Held Firms

 

 

 

1:00 pm

EFEL

GUIDO LORENZONI, MIT and NBER

 

 

KARL WALENTIN, New York University

 

 

Financial Frictions, Investment, and Tobin's Q

 

 

 

1:15 pm

PRCR

BAOLINE CHEN, Bureau of Economic Analysis

 

 

Estimation of Structural Distribution of Statistical Discrepancy in the US National Accounts

 

 

 

 

 

 

 

 

 

1:30 pm

EFABG

DANIEL CHEN, University of Chicago

 

 

JO LIND, University of Oslo

 

 

The Political Economy of Beliefs: Why Fiscal and Social Conservatives and Liberals Come Hand-in-Hand

 

 

 

 1:30 pm

EFRSW

RAQUEL FERNANDEZ, New York University and NBER

 

 

ALESSANDRA FOGLI, New York University

 

 

The Evolution of Preferences and Women’s Work: A Quantitative Evaluation of the Role of Culture

 

 

 

1:50 pm

EFEL

THOMAS PHILIPPON, New York University and NBER

 

 

The Y-Theory of Investment

 

 

 

2:30 pm

PRCR

CINDY ZOGHI, Bureau of Labor Statistics

 

 

Changes to the BLS Labor Composition Index

 

 

 

 2:40 pm

EFRSW

CHRISTOPHER HOUSE, University of Michigan and NBER

 

 

JOHN LAITNER and DMITRIY STOLYAROV, University of Michigan

 

 

Valuing Lost Home Production of Dual Career Couples

 

 

 

2:45 pm

EFABG

BENJAMIN OLKEN, Harvard University and NBER

 

 

Do Television and Radio Destroy Social Capital? Evidence from Indonesian Villages

 

 

 

2:55 pm

EFEL

WEI XIONG, Princeton University and NBER

 

 

HONGJUN YAN, Yale University

 

 

Heterogeneous Beliefs and Bond Yields

 

 

 

 3:30 pm

EFRSW

KELLY RAGAN, University of Chicago

 

 

Taxes, Transfers and Time Use in a Model with Household Production

 

 

 

3:45 pm

EFEL

NENG WANG, Columbia University

 

 

RUI ALBUQUERQUE, University of Rochester

 

 

Agency Conflicts, Investment, and Asset Pricing

 

 

 

3:45 pm

PRCR

ANA AIZCORBE, Bureau of Economic Analysis

 

 

STEVE OLINER, Federal Reserve Board

 

 

DAN SICHEL, Federal Reserve Board

 

 

Shifting Trends in Semiconductor Prices and the Pace of Technological Progress

 

 

 

4:00 pm

EFABG

LINDA WONG, Binghamton University

 

 

Women's Economic Progress and Inequality

 

 

 

 4:40 pm

EFRSW

RICHARD ROGERSON, Arizona State University

 

 

TBA

 

 

 

THURSDAY, JULY 20:

 

 

 

 

8:30 am

IO

ULRICH DORASZELSKI, Stanford University

 

 

JORDI JAUMANDREU, Universidad Carlos III de Madrid

 

 

R&D and Productivity: The Knowledge Capital Model Revisited  

 

 

 

9:00 am

EFACR

ERICH BATTISTIN, ENRICO RETTORE, and GUGLIELMO WEBER, University of Padova

 

 

AGAR BRUGIAVINI, University of Venice

 

 

How Large is the Retirement Consumption Drop in Italy

 

 

 

9:00 am

PRBB

IAN DEW-BECKER, Northwestern University

 

 

ROBERT J. GORDON, Northwestern University and NBER

 

 

Why Did the Catch-Up in Europe’s Productivity Level Sputter Out?  A Tale of Tigers and Tortoises

 

 

 

 9:00 am

EFCE

OLIVIER BLANCHARD and JORDI GALÍ, MIT and NBER

 

 

A New Keynesian Model with Unemployment

 

 

 

10:00 am

IO

AMIL PETRIN, University of Chicago and NBER

 

 

JAMES LEVINSOHN, University of Michigan and NBER

 

 

Measuring Aggregate Productivity Growth Using Plant-Level Data

 

 

 

10:15 am

EFACR

JONAS FISHER, Federal Reserve Bank of Chicago

 

 

MARTIN GERVAIS, University of Western Ontario

 

 

First-Time Home Buyers and the Decline in Aggregate Volatility

 

 

 

10:15 am

PRBB

RAM ACHARYA, Industry Canada

 

 

WOLFGANG KELLER, University of Colorado at Boulder and NBER

 

 

The Evolution of the World’s Technology Frontier, 1973-2002

 

 

 

10:15 am

EFCE

MARK GERTLER, New York University and NBER

 

 

ANTONELLA TRIGARI, Università Bocconi

 

 

TBA

 

 

 

11:15 am

PRBB

MICHELLE ALEXOPOULOS, University of Toronto

 

 

Read All About It!!  What Happens Following a Technology Shock?

 

 

 

11:30 am

IO

PAT BAJARI, University of Michigan and NBER

 

 

JEREMY FOX, University of Chicago

 

 

Complementarities and Collusion in an FCC Spectrum Auction

 

 

 

 

 

 

11:30 am

EFACR

THOMAS HINTERMAIER, Institute for Advanced Studies

 

 

WINFRIED KOENIGER, University of Bonn

 

 

Income Risk, Risk-Sharing, and Household Debt

 

 

 

11:30 am

EFCE

LEE OHANIAN, UC, Los Angeles and NBER

 

 

What--Or Who--Caused the Great Depression?

 

 

 

12:40 pm

EFRSW

GUIDO MENZIO, Northwestern University

 

 

ESPEN MOEN, Norwegian School of Management

 

 

Incomplete Self-Enforcing Labor Contracts

 

 

 

1:15 pm

IO

FRANK WOLAK, Stanford University and NBER

 

 

Residential Customer Response to Real-Time Pricing: The Anaheim Critical-Peak Pricing Experiment

 

 

 

1:30

PRBB

ZHENG LIU, Emory University

 

 

LOUIS PHANEUF, University of Quebec at Montreal

 

 

Technology Shocks and Labor Market Dynamics: Some Evidence and Theory

 

 

 

 1:30 pm

EFRSW

ROBERT SHIMER, University of Chicago and NBER

 

 

IVAN WERNING, MIT and NBER

 

 

On the Optimal Timing of UI Benefits

 

 

 

2:15 pm

IO

TIM DUNNE, University of Oklahoma

 

 

SHAWN KLIMEK, Bureau of the Census

 

 

MARK ROBERTS, Pennsylvania State University and NBER

 

 

YI XU, Pennsylvania State University

 

 

Entry and Exit in Geographic Markets

 

 

 

 2:40 pm

EFRSW

KEN BURDETT and MELVYN COLES, University of Essex

 

 

Wage/Tenure Profiles with Heterogenous Firms

 

 

 

2:45 pm

IO

LUIS GARICANO, University of Chicago

 

 

TOM HUBBARD, Northwestern University and NBER

 

 

The Return to Hierachy

 

 

 

2:45 pm

PRBB

ROBERT CHIRINKO and DEBDULAK MALLICK, Emory University

 

 

A Low-Pass Filtered Panel Model for Estimating Production Function Parameters: The Substitution Elasticity and Growth Theory

 

 

 

 3:30 pm

EFRSW

MIEN-YUN KUO and ERIC SMITH, University of Essex

 

 

Marketplace Matching in Britain: Evidence from Individual Unemployment Spells

 

 

 

3:45 pm

IO

WES HARTMANN and BRIAN VIARD, Stanford University

 

 

Price Discrimination and Switching Costs in Frequency Reward Programs

 

 

 

FRIDAY, JULY 21:

 

 

 

 

8:45 am

PRB

LUIGI BENFRATELLO, Universita di Torino

 

 

FABIO SCHIANTARELLI, Boston College

 

 

ALESSANDRO SEMBENELLI, Universita di Torino

 

 

Banks and Innovation: Microeconometric Evidence

 

 

 

9:00 am

EFACR

CHARLES YUJI HORIOKA, Osaka University and NBER

 

 

JUNMIN WAN, Osaka University

 

 

Why Does China Save So Much?

 

 

 

9:00 am

EFCE

CRAIG BURNSIDE, Duke University and NBER

 

 

MARTIN EICHENBAUM and SERGIO REBELLO, Northwestern University and NBER

 

 

YIZHAQ KLESHCHELSKI, Northwestern University

 

 

The Returns to Currency Speculation

 

 

 

9:15 am

IO

HANH AHLEE, Stanford University

 

 

ULRIKE MALMENDIER, Stanford University and NBER

 

 

Do Consumers Know Their Willingness to Pay? Evidence from eBay Auctions  

 

 

 

10:00 am

PRB

RICHARD SULLIVAN and ZHU WANG, Federal Reserve Bank of Kansas City

 

 

Internet Banking: An Exploration in Technology Diffusion and Impact

 

 

 

 

 

 

10:15 am

EFACR

DMYTRO HRYSHKO, University of Houston

 

 

Informational Assumptions on Income Processes and Consumption Dynamics in the Buffer Stock Model of Savings

 

 

 

10:15 am

EFCE

EMMANUEL FARHI, MIT

 

 

IVAN WERNING, MIT and NBER

 

 

Capital Taxation: Quantitative Explorations of the Inverse Euler Equation

 

 

 

10:45 am

IO

JEAN-PIERRE DUBE, GUNTER HITSCH and PETER ROSSI,

 

 

University of Chicago

 

 

Do Switching Costs Make Markets Less Competitive?

 

 

 

11:15 am

PRB

EDWARD WOLFF, New York University and NBER

 

 

The Growth of Information Workers in the U.S. Economy, 1950-2000: The Role of Technological Change, Coputerization, and Structural Change

 

 

 

11:30 am

EFACR

MARCOS CHAMON and ESWAR PRASAD, International Monetary Fund

 

 

Determinants of Household Saving in China

 

 

 

11:30 am

EFCE

JESS BENHABIB and ALBERTO BISIN, New York University

 

 

The Distribution of Wealth and Redistributive Policies

 

 

 

1:15 pm

IO

FRANK WOLAK, Stanford University and NBER

 

 

Residential Customer Response to Real-Time Pricing: The Anaheim Critical-Peak Pricing Experiment

 

 

 

1:30 pm

PRB

CHRIS FORMAN, Carnegie Mellon University

 

 

AVI GOLDFARB, University of Toronto

 

 

SHANE GREENSTEIN, Northwestern University and NBER

 

 

Understanding the Inputs into Innovation: Do Cities Substitute for Internal Firm Resources?

 

 

 

2:45 pm

IO

LUIS GARICANO, University of Chicago

 

 

TOM HUBBARD, Northwestern University and NBER

 

 

The Return to Hierachy

 

 

 

2:45 pm

PRB

RUSSEL COOPER, Macquarie University

 

 

GARY MADDEN, Curtin University of Technology, Australia

 

 

A Contribution to Welfare-Consistent Productivity Measurement

 

 

 

3:45 pm

PRB

JOSEPH DEMASI, Tufts University

 

 

HENRY GRABOWSKI, Duke University

 

 

The Cost of Biopharmaceutical R & D: Is Biotech Different?

MONDAY, JULY 24:

 

 

 

 

 8:45 am

LS

ANDERS BJORKLUND, Stockholm University

 

 

MARKUS JANTTI, Abo Akademi University

 

 

GARY SOLON, University of Michigan and NBER

 

 

Nature and Nurture in the Intergenerational Transmission of Socioeconomic Status: Evidence from Swedish Children and Their Biological and Rearing Parents

 

 

 

9:00 am

PESI

BRUCE MEYER, University of Chicago and NBER

 

 

WALLACE MOK, Northwestern University

 

 

Quasi-Experimental Evidence on the Effects of Unemployment Insurance from New York State

 

 

 

9:30 am

PRIPE

DARON ACEMOGLU, MIT and NBER

 

 

PHILIPPE AGHION, Harvard University and NBER

 

 

CLAIRE LELARGE, INSEE-CREST

 

 

JOHN VAN REENEN, London School of Economics

 

 

FABRIZIO ZILIBOTTI, Stockholm University

 

 

Technology, Information and the Centralization of the Firm

 

 

 

10:00 am

LS

PAUL BEAUDRY, University of British Columbia and NBER

 

 

MARK DOMS, Federal Reserve Bank of San Francisco

 

 

ETHAN LEWIS, Federal Reserve Bank of Philadelphia

 

 

The IT Revolution at the City Level:

 

 

Testing a Model of Endogenous Biased Technology Adoption

 

 

 

10:00 am

PESI

HANMING FANG, Yale University and NBER

 

 

MICHAEL P. KEANE, Yale University

 

 

DANIEL SILVERMAN, University of Michigan and NBER

 

 

Sources of Advantageous Selection: Evidence from the Medigap Insurance Market

 

 

 

10:20 am

AW

WILLIAM GALE, Brookings Institution

 

 

GREGORY MILLS, Abt Associates

 

 

RHIANNON PATTERSON, Abt Associates

 

 

Do Individual Development Accounts Raise Saving? Experimental Evidence

 

 

 

10:30 am

PRIPE

AVI GOLDFARB and AJAY AGRAWAL, University of Toronto

 

 

Restructuring Research: Communication Costs and the Democratization of University Innovation

 

 

 

11:10 am

AW

ANNAMARIA LUSARDI, Dartmouth College and NBER

 

 

OLIVIA MITCHELL, University of Pennsylvania and NBER

 

 

Finanicial Literacy and Planning: Implications for Retirement Wellbeing

 

 

 

11:15 am

LS

ABDURRAHMAN AYDEMIR, Statistics Canada

 

 

GEORGE BORJAS, Harvard University and NBER

 

 

Attenuation Bias in Measuring the Wage Impact of Immigration

 

 

 

11:30 am

PESI

ROBYN DAWES and CHRISTINA FONG, Carnegie Mellon University

 

 

ERZO LUTTMER, Harvard University and NBER

 

 

Experimental Evidence on the Role of Race in Giving to Hurricane Katrina Victims

 

 

 

11:45 am

PRIPE

BRIAN JACOB, Harvard University and NBER

 

 

LARS LEFGREN, Brigham Young University

 

 

How effective are Government Expenditures on R&D? Quasi-Experimental Evidence on the Impact of NIH Research Funding on Scientific Knowledge

 

 

 

1:00 pm

HE

ANGELA FERTIG, University of Georgia

 

 

GERHARD GLOMM and RUSTY TCHERNIS, Indiana University

 

 

The Connection between Maternal Employment and Childhood Obesity: Inspecting the Mechanism

 

 

 

1:00 pm

AW

SUMIT AGARWAL, Federal Reserve Bank of Chicago

 

 

JOHN DRISCOLL, Federal Reserve Board

 

 

XAVIER GABAIX, MIT and NBER

 

 

DAVID LAIBSON, Harvard University and NBER

 

 

Financial Mistakes Over the Lifecycle

 

 

 

 1:15 pm

LS

ADRIANA KUGLER, University of Houston and NBER

 

 

MUTLU YUKSEL, University of Houston

 

 

Effects of Low-Skilled Immigration on U.S. Natives: Evidence from Hurricane Mitch

 

 

 

1:30 pm           

PESI

OLIVIER BLANCHARD, MIT and NBER

 

 

JEAN TIROLE, University of Toulouse

 

 

The Joint Design of Unemployment Insurance and Employment Protection: A First Pass

 

 

 

1:50 pm

AW

JONATHAN SKINNER, Dartmouth College and NBER

 

 

Are You Saving Enough for Retirement?

 

 

 

2:00 pm

PRIPE

KEITH MASKUS, AHMED MUSHFIQ MOBARAK and ERIC STUEN,

 

 

University of Colorado

 

 

The Causal Impact of Immigration Policy and Foreign Graduate Students on Innovation in the U.S.: Evidence from Enrollment Shocks 

 

 

 

2:15 pm

HE

SHERRY GLIED, Columbia University and NBER

 

 

MATTHEW NEIDELL, Columbia University

 

 

The Economic Value of Teeth: Evidence from Water Flouridation

 

 

 

 2:30 pm

LS

GEORGE BORJAS, Harvard University and NBER

 

 

RACHEL FRIEDBERG, Brown University and NBER

 

 

The Immigrant Earnings Turnaround of the 1990s

 

 

 

2:30 pm

PESI

ROBERT SHIMER, University of Chicago and NBER

 

 

IVAN WERNING, MIT and NBER

 

 

Liquidity and Insurance for the Unemployed

 

 

 

3:00 pm

PRIPE

WESLEY YIN, University of Chicago

 

 

Do Market Incentives Generate Innovation or Balkanization?  Evidence from the Market for Rare Disease Drugs

 

 

 

3:10 pm

AW

JOHN BOUND, University of Michigan and NBER

 

 

TODD STINEBRICKNER, University of Western Ontario

 

 

TIMOTHY WAIDMAN, Urban Institute

 

 

Health, Economic Resources and the Work Decisions of Older Men

 

 

 

3:30 pm

HE

JOHN BRIDGES, Johns Hopkins University and NBER

 

 

PENNY FELDMAN and TIMOTHY PENG Visiting Nurse Service of New York

 

 

Team Structure and Adverse Events in Home Health Care

 

 

 

3:30 pm

LS

KRISTIN BUTCHER, Federal Reserve Bank of Chicago

 

 

ANNE PIEHL, Rutgers University and NBER

 

 

Why Are Immigrants’ Incarceration Rates So Low? Evidence on Selective Immigration, Deterrence, and Deportation

 

 

 

4:00 pm

PESI

DAVID AUTOR, MIT and NBER

 

 

MARK DUGGAN, University of Maryland and NBER

 

 

The Pure Income Effect of Disability Cash Transfers: Evidence from the Veteran Administration's Disability Compensation Program

 

 

 

4:30 pm

PRIPE

Panel discussion: The State of the Patent System

 

 

STEVEN M. BAUER, Partner, Proskauer Rose

 

 

ROBERT P. HAYTER, Assoc. General Counsel and Chief IP Counsel, United Technonogies Corp.

 

 

CARL SHAPIRO, UC, Berkeley and NBER

 

 

Moderator – IAIN COCKBURN, Boston University and NBER

 

 

 

TUESDAY JULY 25:

 

 

 

 

 8:45 am

LS

JOHN DINARDO, University of Michigan and NBER

 

 

JUSTIN MCCRARY, University of Michigan

 

 

LISA SANBONMATSU, NBER

 

 

Constructive Proposals for Dealing with Attrition: An Empirical Example

 

 

 

9:00 am

AW

JESSICA WOLPAW REYES, Amherst College

 

 

The Effect of College Financial Aid Rules on the Allocation of Savings

 

 

 

9:00 am

HE

JOHN CAWLEY, Cornell University and NBER

 

 

JOHN MORAN, Syracuse University

 

 

KOSALIE SIMON, Cornell University and NBER

 

 

You Can Never Be Too Rich or Too Thin: The Causal Impact of Income on Obesity

 

 

 

9:00 am

PENS

ALAN KRUEGER, Princeton University and NBER

 

 

The Origins of Terrorism and Foreign Insurgents in Iraq

 

 

 

9:00 am

PRL

BRONWYN HALL, UC, Berkeley and NBER

 

 

MEGAN MACGARVIE, Boston University and NBER

 

 

The Private Value of Software Patents

 

 

 

9:50 am

AW

RICARDO REIS, Princeton University and NBER

 

 

A Cost-Of-Living Dynamic Price Index, with an Application to Indexing Retirement Accounts

 

 

 

9:50 am

PENS

EFFIE BENMELECH, Harvard University and NBER

 

 

CLAUDE BERREBI, RAND Corporation

 

 

Attack Assignments in Terror Organizations and the Productivity of Suicide Bombers

 

 

 

10:00 am

LS

CLAUDIA OLIVETTI, Boston University

 

 

BARBARA PETRONGOLO, London School of Economics

 

 

Unequal Pay or Unequal Employment? A Cross-Country Analysis of Gender Gaps

 

 

 

10:00 am

PRL

MARK SCHANKERMAN, London School of Economics

 

 

MICHAEL NOEL, UC, San Diego

 

 

Strategic Patenting and Software Innovation

 

 

 

10:15 am

HE

DALTON CONLEY, New York University and NBER

 

 

JEFFREY SACHS, Columbia University and NBER

 

 

GORDON MCCORD, Columbia University

 

 

New Evidence on the Lagging Demographic Transition in Africa

 

 

 

11:00 am

PENS

STEVEN DAVIS, KEVIN MURPHY and ROBERT TOPEL,

 

 

University of Chicago and NBER

 

 

War in Iraq Versus Containment

 

 

 

11:10 am

AW

COURTNEY COILE and PHILLIP LEVINE, Wellesley College and NBER

 

 

Labor Market Shocks and Retirement: Do Government Programs Matter? 

 

 

 

11:15 am

LS

CATHERINE WEINBERGER, UC, Santa Barbara

 

 

PETER KUHN, UC, Santa Barbara and NBER

 

 

The Narrowing of the U.S. Gender Earnings Gap, 1959-1999: A Cohort-Based Analysis

 

 

 

11:15 am

PRL

MARGARET KYLE, Duke University and NBER

 

 

Strategic Responses to Parallel Trade

 

 

 

11:30 am

HE

BO MACINNIS, University of Michigan

 

 

Does College Education Impact Health?  Evidence from the Pre-Lottery Vietnam Draft

 

 

 

11:50 am

PENS

WILLIAM NORDHAUS, Yale University and NBER

 

 

JOHN O’NEAL, University of Alabama

 

 

BRUCE RUSSETT, Yale University

 

 

Determinants of Threats and Military Spending

 

 

 

1:00 pm

AW

MICHAEL HURD, RAND and NBER

 

 

SUSAN ROHWEDDER, RAND

 

 

Life-Cycle Consumption Paths in Old Age

 

 

 

1:00 pm          

PERE

BYRON LUTZ, Federal Reserve Board

 

 

How Elastic is Residential Capital Investment to Property Taxation?  Evidence from Court-Induced Tax Changes

1:15 pm

LS

ALAN KRUEGER, Princeton University and NBER

 

 

DANIEL KAHNEMAN, Princeton University

 

 

Sorting in the Labor Market: Do Gregarious Workers Flock to More Interactive Jobs

 

 

 

1:15 pm

PRL

YI QIAN, Harvard University

 

 

Pricing and Marketing Impacts of Entry by Counterfeiters and Imitators

 

 

 

1:50 pm

AW

RICHARD BURKHAUSER, Cornell University

 

 

ROBERT WEATHERS II, Mathematica Policy Research, Inc.

 

 

Has the Americans with Disability Act Changed Workplace Accommodations? Evidence from the Health and Retirement Study

 

 

 

1:50 pm

AW

RICHARD BURKHAUSER, Cornell University

 

 

ROBERT WEATHERS II, Mathematica Policy Research, Inc.

 

 

Has the Americans with Disability Act Changed Workplace Accommodations? Evidence from the Health and Retirement Study

 

 

 

2:00 pm

CH

GRANT MILLER, Stanford University and NBER

 

 

Women’s Preferences and Child Survival in American History

2:00 pm

PENS

ANTONIO SPILIMBERGO, International Monetary Fund

 

 

Foreign Education and Democracy

 

 

 

2:00 pm

PERE

FRANCOIS ORTALO-MAGNE, University of Wisconsin

 

 

ANDREA PRAT, London School of Economics

 

 

The Political Economy of Housing Supply

 

 

 

2:30 pm

LS

DARON ACEMOGLU and AMY FINKELSTEIN, MIT and NBER

 

 

Input and Technology Choice in Regulated Industries: Evidence from the Health Care Sector

 

 

 

2:30 pm

PRL

JOSEPH FARRELL, UC, Berkeley

 

 

CARL SHAPIRO, UC, Berkeley

 

 

How Strong are Weak Patents?

 

 

 

2:50 pm

PENS

HOWARD KUNREUTHER, University of Pennsylvania and NBER

 

 

ERWANN MICHEL-KERJAN, University of Pennsylvania

 

 

Looking Beyond TRIA: A Clinical Examination of Potential Terrorism Loss Sharing

 

 

 

3:10 pm

AW

TATIANA ANDREYEVA, ARIE KAPTEYN, JIM SMITH, and ARTHUR VAN SOEST,

 

 

RAND Corporation

 

 

Self Reported Disability and Reference Groups

 

 

 

3:30 pm

CH

MICHAEL BAKER, University of Toronto and NBER

 

 

KEVIN MILLIGAN, University of British Columbia and NBER

 

 

The Early Developmental and Health Benefits of Maternity Leave Mandates

 

 

 

3:30 pm 

LS

RAJ CHETTY, UC, Berkeley and NBER

 

 

ANDREA WEBER, Institute for Advanced Studies, Vienna

 

 

DAVID CARD, UC, Berkeley and NBER

 

 

Does Cash-in-Hand Matter?  New Evidence from the Labor Market

 

 

 

3:30 pm

PERE

NATHAN ANDERSON, University of Illinois-Chicago

 

 

Voting, Opportunity Costs, and Property Taxes

 

 

 

3:30 pm

PRL

DARON ACEMOGLU, MIT and NBER

 

 

UFUK AKCIGIT, MIT

 

 

State-Dependent Intellectual Property Right Policy

 

 

 

4:00 pm

PENS

JACOB KLERMAN and DAVID LOUGHRAN, RAND Corporation

 

 

Reserve Affiliation

 

 

 

4:30 pm

PERE

JACOB VIGDOR, Duke University and NBER

 

 

Does Urban Decay Harm the Poor?

 

 

 

4:50 pm

PENS

SANDEEP BALIGA and DAVID LUCCA, Northwestern University

 

 

TOMAS  SJÖSTRÖM, Rutgers University

 

 

Domestic Political Survival and International Conflict: Is Democracy Good for Peace?

 

 

 

WED JULY 26:

 

 

 

 

8:30 am

PERE

CHRIS MAYER, Columbia University and NBER

 

 

YINGJIN HILA GAN, Lehman Brothers

 

 

Agency Conflicts, Asset Substitution, and Securitization

 

 

 

9:00 am

AW/PESS

LOUIS KAPLOW, Harvard University and NBER

 

 

Myopia and the Effect of Social Security and Capital Taxation on Labor Supply

 

 

 

10:00 am

CH

WANCHUAN LIN, UC, Los Angeles

 

 

Accounting for the Change in the Gradient: Health Inequality among Infants

 

 

 

9:00 am

LS

JUSTIN WOLFERS, University of Pennsylvania and NBER

 

 

JOHN DONOHUE, Yale University and NBER

 

 

Uses and Abuses of Empirical Evidence in the Death Penalty Debate

 

 

 

10:00 am

AW/PESS

ALAN AUERBACH and RONALD LEE, UC Berkeley and NBER

 

 

Notional Defined Contribution Pension Systems in a Stochastic Context: Design and Stability

 

 

 

10:00 am

PERE

CHRIS DOWNING, Rice University

 

 

DWIGHT JAFFE and NANCY WALLACE, UC, Berkeley

 

 

Asset Indivisibility, Security Design, and Asset Quality

 

 

 

10:15 am

LS

GORDON DAHL, University of Rochester and NBER

 

 

STEFANO DELLAVIGNA, UC Berkeley and NBER 

 

 

Does Media Violence Deter Street Crime? Evidence from Movie Releases

 

 

 

11:00 am

PERE

LEIGH LINDEN, Columbia University

 

 

JONAH ROCKOFF, Columbia University and NBER

 

 

How Do People Respond to the Fear of Crime?  Evidence from Megan’s Law and the Housing Market

 

 

 

11:30 am

AW/PESS

DAVID CUTLER and JEFFREY LIEBMAN, Harvard University and NBER

 

 

SEAMUS SMYTH, Harvard University

 

 

How Fast Should the Social Security Retirement Age Rise?

 

 

 

11:30 am

CH

ERNESTO VILLANUEVA, Universitat Pompeu Fabra

 

 

Does Limited Access to Mortgage Debt Explain Why Young Adults Live with Their Parents?

 

 

 

11:30 am

LS

DAVID CARD, UC Berkeley and NBER

 

 

ALEX MAS, UC Berkeley and NBER

 

 

JESSE ROTHSTEIN, Princeton University and NBER

 

 

Tipping: Evidence from Schools and Neighborhoods

 

 

 

1:00 pm

PERE

MOHAMMAD ARZAGHI, Brown University

 

 

J. VERNON HENDERSON, Brown University and NBER

 

 

Networking off Madison Avenue

 

 

 

1:30 pm

CH/LS

BRIAN JACOB, Harvard University and NBER

 

 

JENS LUDWIG, Georgetown University and NBER

 

 

The Effects of Family Income on Youth Outcomes: Evidence from a Randomized Housing-Voucher Lottery

 

 

 

1:30 pm

AW/PESS

BRUCE MEYER, University of Chicago and NBER

 

 

The Change in Earnings, Income, and Consumption Following Disability

 

 

 

2:00 pm

PERE

EDWARD GLAESER, Harvard University and NBER

 

 

JOE GYOURKO, University of Pennsylvania and NBER

 

 

Housing Cycles

 

 

 

2:30 pm

CH/LS

ADAM ASHCRAFT, Federal Reserve Bank of New York

 

 

KEVIN LANG, Boston University and NBER

 

 

The Consequences of Teenage Childbearing

 

 

 

3:00 pm

AW/PESS

MARIO CATALAN, JAIME GUAJARDO and ALEXANDER W. HOFFMAISTER, International Monetary Fund

 

 

Coping with Spain’s Aging: Retirement Rules and Incentives

 

 

 

3:30 pm

PERE

LEAH BROOKS, McGill University

 

 

Volunteering to be Taxed:  Business Improvement Districts and the Extra-Governmental Provision of Public Safety

4:00 pm

AW/PESS

JEAN-OLIVIER HAIRAULT, University of Paris

 

 

FRANCOIS LANGOT, University of Maine

 

 

THEPTHIDA SOPRASEUTH, University of Evry

 

 

On the Interaction Between Retirement and the Employment of Older Workers

 

 

 

4:00 pm

CH/LS

DOUG ALMOND, Columbia University and NBER

 

 

KEN CHAY, UC Berkeley and NBER

 

 

HILARY HOYNES, UC, Davis and NBER

 

 

DIANE WHITMORE SCHANZENBACH, University of Chicago

 

 

The Great Society and Child and Family Well-Being: Impacts of the Introduction of the Food Stamp Program

 

 

 

THURSDAY, JULY 27:

 

 

 

 

8:30 am

EE

STEVEN SHAVELL, Harvard University and NBER

 

 

On Optimal Legal Change, Past Behavior, and Grandfathering

 

 

 

9:00 am

PET

CLEMENS SIALM, University of Michigan and NBER

 

 

Investment Taxes and Equity Returns

 

 

 

9:00 am

PRHA

DAVID H. HOWARD, Emory University

 

 

SUSAN BUSCH, Yale University

 

 

Understanding Recent Trends in Chronic Disease Treatment Rates: Are we Getting Sicker or Getting Screened?

 

 

 

9:00 am

LE

XAVIER GABAIX, MIT and NBER

 

 

SUMIT AGARWAL, Federal Reserve Bank of Chicago

 

 

JOHN C. DRISCOLL, Federal Reserve Board

 

 

DAVID LAIBSON, Harvard University and NBER

 

 

Two Steps Forward, One Step Back: Shrouding, and the Dynamics of Attention and Inattention

 

 

 

9:00 am

LS/ED

JOSH ANGRIST, MIT and NBER

 

 

DANIEL LANG, University of Toronto

 

 

PHILIP OREOPOULOS, University of Toronto and NBER

 

 

Incentives and Services for College Achievement: Evidence from a Randomized Trial

 

 

 

9:30 am

EE

DALLAS BURTRAW and KAREN PALMER, Resources for the Future

 

 

Compensation Rules for Climate Policy in the Electricity Sector

 

 

 

9:45 am

LE

A. MITCHELL POLINSKY, Stanford University and NBER

 

 

STEVEN SHAVELL, Harvard University and NBER

 

 

Mandatory versus Voluntary Disclosure of Product Risks

 

 

 

9:50 am

PRHA

NICOLE MAESTAS, RAND Corporation

 

 

MATHIS SCHROEDER, Cornell University

 

 

DANA GOLDMAN, RAND Corporation and NBER

 

 

Price Variation in Markets with Homogenous Goods: The Case of Medigap

 

 

 

10:00 am

LS/ED

SCOTT CARRELL, Dartmouth College

 

 

RICHARD FULLERTON and JAMES WEST, U.S. Air Force Academy

 

 

ROBERT GILCHRIST, Adams State College

 

 

Peer and Leadership Effects in Academic and Athletic Performance

 

 

 

10:15 am

PET

RAJ CHETTY and EMMANUEL SAEZ, UC, Berkeley and NBER

 

 

An Agency Theory of Dividend Taxation

 

 

 

10:45 am

LE

JANET CURRIE, Columbia University and NBER

 

 

W. BENTLEY MACLEOD, Columbia University

 

 

First Do No Harm? The Effects of Tort Reform on Outcomes and Procedures at Birth

 

 

 

10:55 am

PRHA

M. KATE BUNDORF, Stanford University and NBER

 

 

MELINDA HENNE, Stanford University

 

 

LAURENCE BAKER, Stanford University and NBER

 

 

Health Insurance, Infertility Treatment, and Birth Outcomes

 

 

 

11:00 am

EE

JAMES BUSHNELL, UC, Berkeley

 

 

CATHERINE WOLFRAM, UC, Berkeley and NBER

 

 

The Economic Effects of Vintage Differentiated Regulations: The Case of New Source Review

 

 

 

11:30 am

PET

AUSTAN GOOLSBEE, University of Chicago and NBER

 

 

Taxes and Entrepreneurial Ventures

 

 

 

11:30 am

LE

CHRISTINE JOLLS, Harvard University and NBER

 

 

Workplace Leave Mandates and the Employment of Individuals with Disabilities

 

 

 

11:30 am

LS/ED

MATT GENTZKOW, University of Chicago

 

 

JESSE SHAPIRO, University of Chicago and NBER

 

 

Does Television Rot Your Brain? New Evidence from the Coleman Study

 

 

 

11:45 am

PRHA

KARINE LAMIRAUD and ALBERTO HOLLY, IEMS

 

 

ESTELLE MARTIN, University Hospital of Switzerland

 

 

KONRADE VON BREMEN, IEMS

 

 

The Impact of Information on Patient Preferences in Different Delivery Patterns (Prescription versus OTC Drugs)

 

 

 

1:15 pm

PRHA

JON GRUBER and Invited Panelists

 

 

Massachusetts Health Insurance Plan

 

 

 

1:15 pm

PPL

PAUL OYER, Stanford University and NBER

 

 

Ability and Employer Learning: Evidence from the Economist Labor Market

 

 

 

1:15 pm

LE

ANDREI SHLEIFER, Harvard University and NBER

 

 

NICOLA GENNAIOLI, Stockholm University

 

 

Judicial Fact Discretion

 

 

 

 1:30 pm

LS/ED

RAEGEN MILLER, Harvard University

 

 

RICHARD MURNANE, Harvard University and NBER

 

 

JOHN WILLETT, Harvard University

 

 

The Effect of Teacher Absences of Student Achievement

 

 

 

1:45 pm

PET

MIKHAIL GOLOSOV, MIT and NBER

 

 

ALEH TSYVINSKI, Harvard University and NBER

 

 

IVAN WERNING, MIT and NBER

 

 

New Dynamic Public Finance: A User’s Guide

 

 

 

2:15 pm

LE

SUZANNE SCOTCHMER, UC, Berkeley and NBER

 

 

MARK SCHANKERMAN, London School of Economics

 

 

Still Looking for Lost Profits: The Case of Horizontal Competition

 

 

 

2:30 pm

PRHA

RUCKER JOHNSON, UC, Berkeley

 

 

ROBERT SCHOENI, University of Michigan

 

 

Economic Status in Childhood, Birth Weight, and Adult Health and Labor Market Outcomes

 

 

 

2:30 pm

PPL

ANDREA ICHINO, European University Institute

 

 

GUIDO SCHWERDT, European Central Bank

 

 

RUDOLF WINTER-EBMER, University of Linz

 

 

JOSEF ZWEIMÜLLER, University of Zurich

 

 

Too Old to Work, Too Young to Retire?

 

 

 

2:30 pm

EE

WOLFRAM SCHLENKER, Columbia University

 

 

Inter-Annual Weather Variation and Crop Yields

 

 

 

2:30 pm

LS/ED

MAGNUS LOFSTROM, University of Texas at Dallas

 

 

JOHN TYLER, Brown University and NBER

 

 

Does the GED Credentialing Program Encourage Students to Drop Out of High School? Evidence from Texas

 

 

 

3:00 pm

PET

JONATHAN GRUBER, MIT and NBER

 

 

A Tax-Based Estimate of the Intertemporal Elasticity of Substitution

 

 

 

3:00 pm

LE

OLIVER HART, Harvard University and NBER

 

 

JOHN MOORE, University of Edinburgh

 

 

Partial Contracts

 

 

 

3:30 pm

EE

M. SCOTT TAYLOR, University of Calgary and NBER

 

 

Buffalo Hunt: International Trade and the Virtual Extinction of the North American Bison

 

 

 

3:35 pm

PRHA

MICHAEL LAW and KAREN GRÉPIN, Harvard University

 

 

Newer is Not Always Better

 

 

 

4:00 pm

LE

CHRISTOPHER SNYDER, Dartmouth College

 

 

ROHAN PITCHFORD, University of Sydney

 

 

The Identity of the Generator in the Problem of Social Cost

 

 

 

 4:00 pm

LS/ED

EFRAIM BENMELECH, Harvard University

 

 

CLAUDE BERREBI, RAND Corporation

 

 

Attack Assignments in Terror Organizations and the Productivity of Suicide Bombers

 

 

 

4:45 pm

LE

YASUTORA WATANABE, Northwestern University

 

 

Learning and Bargaining in Dispute Resolution: Theory and Evidence from Medical Malpractice Litigation

 

 

 

FRIDAY, JULY 28:

 

 

 

 

8:30 am

EE

LUCAS DAVIS, University of Michigan

 

 

The Effect of Driving Restrictions on Air Quality in Mexico City

 

 

 

 8:45 am

LS/PPL

XAVIER GABAIX, MIT and NBER

 

 

AUGUSTIN LANDIER, New York University

 

 

Why Has CEO Pay Increased So Much?

 

 

 

9:00 am

HCA

GAUTAM GOWRISANKARAN, Washington University in St. Louis and NBER

 

 

VIVIAN HO, Rice University

 

 

ROBERT TOWN, University of Minnesota and NBER

 

 

Causality, Learning, and Forgetting in Surgery

 

 

 

9:00 am

LE

ZVIKA NEEMAN, ANDREW NEWMAN and CLAUDIA OLIVETTI,

 

 

Boston University

 

 

Are Working Women Good for Marriage?

 

 

 

9:30 am

EE

MICHAEL KREMER, Harvard University and NBER

 

 

JESSICA LEINO, UC, Berkeley

 

 

EDWARD MIGUEL, UC, Berkeley and NBER

 

 

ALIX PETERSON ZWANE, UC, Berkeley

 

 

Spring Protection: Water Quality Improvement and Health in Kenya

 

 

 

9:45 am

LE

BETSEY STEVENSON, University of Pennsylvania

 

 

The Impact of Divorce Laws on Marriage-Specific Capital

 

 

 

10:00 am

LS/PPL

FREDERICK ANDERSSON, Cornell University

 

 

MATTHEW FREEDMAN, University of Maryland

 

 

JOHN HALTIWANGER, University of Maryland and NBER

 

 

JULIA LANE, NORC

 

 

KATHRYN SHAW, Stanford University and NBER

 

 

Reaching for the Stars: Who Pays for Talent in Innovative Industries

 

 

 

10:05 am

HCA

EMMA HALL, Department of Health