ANNUAL MEETING
ALLIED SOCIAL SCIENCE ASSOCIATIONS
Note: The American Economic Association has posted AEA Conference Papers presented at the 2006 ASSA Conference on the AEA Web site; over 285 papers were received and posted from 2006.
Boston, MA, January 6-8, 2006
Friday, January 6, 2006
Jan. 6, 8:00 am
AEA
Social Preferences, Trust, and Economic Interactions
Presiding: IRIS BOHNET, Harvard University
MARTIN SANDBU, Columbia University—The Road Not Taken: A Theory of Set-Dependent Fairness PreferencesBRIAN ROE and STEVEN WU, Ohio State University—Social Preferences and Relational Contracting
IRIS BOHNET, Harvard University, FIONA GREIG, Harvard University, BENEDIKT HERRMANN, University of Nottingham, and RICHARD ZECKHAUSER, Harvard University—Betrayal Aversion on Four Continents
Discussants: ARMIN FALK, University of Bonn
LORENZ GÖTTE, University of Zurich
KARLA HOFF, World Bank
Jan. 6, 8:00 am
AEA
Topics in Health Care Economics
Presiding: RANDALL ELLIS, Boston University
JOHN CAWLEY, Cornell University, and JOHN RIZZO, State University of New York-Stony Brook—Do Prescription Drug Withdrawals Yield Competitive Benefits to, or Impose Negative Spillovers on, Remaining Drugs in the Therapeutic Class?ILAN GUEDJ, Massachusetts Institute of Technology—Ownership vs. Contract: How Vertical Integration Affects Investment Decisions in Pharmaceutical R&D
ERIC HELLAND, Claremont McKenna College, and MARK SHOWALTER, Brigham Young University—The Impact of Liability on the Physician Labor Market
GUY DAVID, University of Pennsylvania—The Convergence Between For-Profit and Nonprofit Hospitals in the United States
Discussants: RICHARD FRANK, Harvard Medical School
MONICA NOETHER, Charles River Associates
Jan. 6, 8:00 am
AEA
New Perspectives on the Impacts of Tax Policy
Presiding: JEFFREY LIEBMAN, Harvard University
NAOMI FELDMAN, Ben-Gurion University, and PETER KATUSCAK, University of California-San Diego—Should the Average Tax Rate Be MarginalizedWINFRIED KOENIGER, IZA, and CHARLES GRANT, University of Reading—Redistributive Taxation and Personal Bankruptcy in U.S. States
LIBOR DUSEK, CERGE-EI—Do Governments Grow When They Become More Efficient? Evidence from Tax Withholding
Discussants: JEFFREY LIEBMAN, Harvard University
MICHELLE WHITE, University of California-San Diego
WOJCIECH KOPCZUK, Columbia University
Jan. 6, 8:00 am
AEA
The Economics of Paying Too Much (D0)
Presiding: ULRIKE MALMENDIER, Stanford University
SUMIT AGARWAL, Bank of America, JOHN DRISCOLL, Federal Reserve Board, XAVIER GABAIX, Massachusetts Institute of Technology, and DAVID LAIBSON, Harvard University—Fool Me TwiceMARIANNE BERTRAND, University of Chicago, DEAN KARLAN, Princeton University, SENDHIL MULLAINATHAN, Harvard University, ELDAR SHAFIR, Princeton University, and JONATHAN ZINMAN, Federal Reserve Bank of Boston—What's Psychology Worth? A Field Experiment in the Consumer Credit Market
HAN LEE and ULRIKE MALMENDIER, Stanford University—Do Consumers Know Their Willingness to Pay? Evidence from eBay Auctions
Discussants: STEFANO DELLAVIGNA, University of California-Berkeley
LAWRENCE AUSUBEL, University of Maryland
JOHN MORGAN, University of California-Berkeley
Jan. 6, 8:00 am
AEA
Economics of Marriage and Dating Markets
Presiding: DEREK NEAL, University of Chicago
RAYMOND FISMAN, SHEENA IYENGAR, Columbia University,
EMIR KAMENICA, Harvard University, and ITAMAR SIMONSON, Stanford University—Dating:
Theory and Experimental Evidence
DAN ARIELY, Massachusetts Institute of Technology, GUENTER HITSCH, and
ALI HORTACSU, University of Chicago—What
Makes You Click: An Empirical Analysis of On-Line Dating
KERWIN CHARLES, University of Michigan—Incarceration
and Marriage Markets
Discussants: JUSTIN WOLFERS, University of Pennsylvania
BETSEY STEVENSON, University of Pennsylvania
DEREK NEAL, University of Chicago
Jan. 6, 8:00 am
AEA
International Transmission of Business Cycles
Presiding: ENRIQUE MENDOZA, University of Maryland
GEORGE ALESSANDRIA, Federal Reserve Bank of Philadelphia, and HORAG CHOI, University of Auckland—Do Sunk Costs of Exporting Matter for Net Export Dynamics?ANTHONY LANDRY, Boston University—Expectations and Exchange Rate Dynamics: A State-Dependent Pricing Approach
ARIEL BURSTEIN, University of California-Los Angeles, CHRISTOPHER JOHANN KURZ, and LINDA TESAR, University of Michigan—Trade, Production Sharing and the International Transmission of Business Cycles
Discussants: VIRGILIU MIDRIGAN, Ohio State University
MARIO CRUCINI, Vanderbilt University
AYHAN KOSE, International Monetary Fund
Jan. 6, 8:00 am
AEA
Real-Time Data Analysis and Forecasting (E0)
Presiding: DEAN CROUSHORE, University of Richmond
DAVID JOHNSON, Wilfried Laurier University—Using Real-Time Private Sector Forecasts and Central Bank Projections toUnderstand Monetary-Policy Reaction Functions
BORAGAN ARUOBA, University of Maryland—Data Revisions Are Not Well Behaved
DEAN CROUSHORE, University of Richmond—An Evaluation of Inflation Forecasts from Surveys Using Real-Time Data
MATTHEW CUSHING, University of Nebraska-Lincoln—How Persistent Are Shocks to GDP? Evidence from the Forecasting Community
Discussants: JOHN WILLIAMS, Federal Reserve Bank of San Francisco
TOM STARK, Federal Reserve Bank of Philadelphia
SEAN CAMPBELL, Federal Reserve Board
SHARON KOZICKI, Federal Reserve Bank of Kansas City
Jan. 6, 8:00 am
AEA
Multiple-Father Families (J1)
Presiding: V. JEFFEREY EVANS, National Institute of Child Health and Human Development
CHRISTINA GIBSON-DAVIS, Duke University, and KATHERINE MAGNUSON, University of Wisconsin-Madison—Explaining the Patterns of Child Support amongLow-Income Noncustodial Fathers
NATASHA CABRERA, University of Maryland-College Park—Who Is My Daddy? Multiple Fathers in Low-Income Families
CHIEN-CHUNG HUANG, Rutgers University, and RONALD MINCY, Columbia University—The Hand or the Heart: The Adverse Effects of Multiple Partner Fertility on Family Formation
Discussants: ROBERT MOFFITT, Johns Hopkins University
DONNA GINTHER, University of Kansas
EIRIK EVENHOUSE, University of California-San Francisco
Jan. 6, 8:00 am
AEA
Understanding Crime
Presiding: STEVEN LEVITT, University of Chicago
ANNA AIZER, Brown University—The Economics of Domestic ViolenceNACI MOCAN, University of Colorado-Denver, and ERDAHL TEKIN, Georgia State University—Ugly Criminal
LAN SHI, University of Washington-Seattle—Does Oversight Reduce Policing? Evidence from the Cincinnati Police Department After the April 2001 Riot
Discussants: SONIA OREFFICE, University of Connecticut
DANIEL HAMERMESH, University of Texas-Austin
EMILY OWENS, University of Maryland
Jan. 6, 8:00 am
AEA
Academic, Innovation, and Technology Transfers
Presiding: PHILIPPE AGHION, Harvard University
SAUL LACH, Hebrew University of Jerusalem, and MARK SCHANKERMAN, London School of Economics—Incentives, Constraints and Objectives in Technology Licensing OfficesSCOTT STERN, Northwestern University—Do Formal Intellectual Property Rights Hinder the Free Flow of Scientific Knowledge? A Test of the Anti-Commons Hypothesis
NICOLA LACETERA, Massachusetts Institute of Technology—Multiple Missions and Academic Entrepreneurship
PHILIPPE AGHION, Harvard University, MATHIAS DEWATRIPONT, ECARES, Belgium, and JEREMY STEIN, Harvard University—Academic Freedom and the Process of Innovation
Discussants: REBECCA HENDERSON, Massachusetts Institute of Technology
JOSHUA LERNER, Harvard Business
School
Jan. 6, 8:00 am
AEA
The Family, Institutions, and Economic Growth
Presiding: JOEL MOKYR, Northwestern University
MICHELE TERTILT and TODD SCHOELLMAN, Stanford University—Marriage
Laws and Growth in Sub-Saharan Africa
ODED GALOR, Brown University and ANDREW MOUNTFORD, Royal Holloway, University
of London—Trade and the Great
Divergence: The Family Connection
LENA EDLUND, Columbia University—Individual
vs. Parental Consent in Marriage: Implications for Intra-Household Resource
Allocation and Growth
AVNER GREIF, Stanford University—Family
Structure, Institutions, and Growth: The Origin and Implications of
Western Corporatism
Discussants: DAVID WEIL, Brown University
JOEL MOKYR, Northwestern University
MATTHIAS DOEPKE, University
of California-Los Angeles
PHILIP T. HOFFMAN, Cal Tech
Jan. 6, 8:00 am
AEA
Teaching and Testing in Undergraduate Economics (A2)
Presiding: MICHAEL WATTS, Purdue University
MICHAEL WATTS, Purdue University, and WILLIAM BECKER, Indiana University—A
Little More Than Chalk and Talk: Results from a Third National Survey
of Teaching Methods in Undergraduate Economics Courses
KIMMARIE McGOLDRICK, University of Richmond—The Senior Experience
for Economics Majors: Results from a Survey of Departmental Practices
WILLIAM WALSTAD, University of Nebraska-Lincoln, and MICHAEL WATTS,
Purdue University—The Test of
Understanding of College Economics: Revision and Preliminary Results
PAUL W. GRIMES, Mississippi State University, JANE S. LOPUS, California
State University-Hayward, RODNEY A. PEARSON, Mississippi State University,
and WILLIAM BECKER, Indiana University—Do
Economists Know Human Subject Requirements?
Discussants: CHARLES HOLT, University of Virginia
JOHN J. SIEGFRIED, Vanderbilt University
THEODORE BERGSTROM, University of California-Santa Barbara
CLAUDIA PARLIAMENT, University of Minnesota
Jan. 6, 8:00 am
AEA
Theoretical Political Economy (D7)
Presiding: CHRISTIAN SCHULTZ, University of Copenhagen
ALEKSANDER BERENTSEN, University of Basel, ESTHER BRUEGGER, University of California, Los Angeles, and SIMON LOERTSCHER, University of Bern—Learning, Voting and the Information Trap
DAN KOVENOCK and BRIAN ROBERSON, Purdue University—Electoral Poaching and Party Identification
ELENA PANOVA, GREMAQ, Université des Sciences Sociales Toulouse-1—The Choice of Political Action: A Case Against Independence
CHRISTIAN SCHULTZ, University of Copenhagen—Information, Polarization and Accountability in Democracy
Discussants: CHRISTIAN SCHULTZ, University of Copenhagen
TORSTEN PERSSON, IIES, Stockholm University
DAN KOVENOCK, Purdue University
ELENA PANOVA, GREMAQ, Université des Sciences Sociales Toulouse-1
Jan. 6, 8:00 am
AEA
Inattention and Consumption Behavior (D9)
Presiding: ANDREW CAPLIN, New York University
RICARDO REIS, Princeton University—Inattentive Consumers
JOHN AMERIKS, Vanguard Group, ANDREW CAPLIN, and JOHN LEAHY, New York University—The Absent-Minded Consumer
LUIGI GUISO, University of Chicago, and TULLIO JAPPELLI, University of Salerno, Italy—Information Acquisition, Overconfidence and Portfolio Performance
ANNAMARIA LUSARDI, Dartmouth College, and OLIVIA MITCHELL, University of Pennsylvania—Financial Literacy and Planning: Implications for Retirement Wellbeing
Discussants: RAJ CHETTY, University of California-Berkeley
ERIK HURST, University of Chicago
NICHOLAS SOULELES, University of Pennsylvania
JOHN AMERIKS, Vanguard Group
Jan. 6, 10:15 am
AEA
Special Invited Lecture
Presiding: DAVID CARD, University of California-Berkeley
ALAN KRUEGER, Princeton University—The New, New Thing in Labor Economics
Jan. 6, 10:15 am
AEA
The Economics of Regulating Financial Markets: Perspectives from Former SEC Chief Economists (Roundtable) (G1)
Presiding: CHESTER SPATT, Carnegie Mellon University and Securities and Exchange Commission
LARRY HARRIS, University of Southern California
KENNETH LEHN, University of Pittsburgh
ERIK SIRRI, Babson College
Jan. 6, 10:15 am
AEA
Empirical Studies of Markets with Asymmetric Information (D8)
Presiding: PIERRE-ANDRE CHIAPPORI, Columbia University
AMY FINKELSTEIN and JAMES POTERBA, Massachusetts Institute of Technology—Asymmetric Information and the Choice of Risk Factors for Insurance Pricing
DEAN KARLAN, Yale University, and JONATHAN ZINMAN, Dartmouth College—Observing Unobservables: Identifying Information Asymmetries with Consumer-Credit Field Experiment
THOMAS DAVIDOFF and GERD WELKE, University of California-Berkeley—Selection and Moral Hazard in the Reverse Mortgage Market
Discussants: PIERRE-ANDRE CHIAPPORI, Columbia University
ALESSANDRO LIZZERI, New York University
JONATHAN LEVIN, Stanford University
Jan. 6, 10:15 am
AEA
Efficiency Gains and Social Security Reform (H5)
Presiding: ALAN GUSTMAN, Dartmouth College
JOHN LAITNER and DANIEL SILVERMAN, University of Michigan—Social Security Reform: Changing Incentives for When to Retire
KENT SMETTERS, University of Pennsylvania—Social Security Privatization with Elastic Labor Supply and Second-Best Taxes
DAVID CUTLER and JEFFREY LIEBMAN, Harvard University—How Fast Should the Social Security Retirement Age Rise?
Discussants: DANIEL SILVERMAN, University of Michigan
GARY BURTLESS, Brookings Institution
OLIVIA MITCHELL, University of Pennsylvania
Jan. 6, 10:15 am
AEA
Research on Teaching Innovations (A2)
Presiding: CHARLES BALLARD, Michigan State University
SUSAN POZO, Western Michigan University, and CHARLES A. STULL, Kalamazoo College—Requiring a Math Skills Unit: Results of a Randomized Experiment
SHERYL B. BALL, CATHERINE C. ECKEL, and CHRISTIAN ROJAS, Virginia Tech—Technology Improves Learning in Large Principles of Economics Classes: Using Our WITS*
WAYNE A GROVE, LeMoyne College, and TIM WASSERMAN, Syracuse University—Incentives and Student Learning: A Natural Experiment with Economics Problem Sets
Discussants: JULIAN BETTS, University of California-San Diego
FRANK LEVY, Massachusetts Institute of Technology
EDWARD MIGUEL, University of California-Berkeley
Jan. 6, 10:15 am
AEA
Kyoto and Beyond: Alternative Approaches to Global Warming
Presiding: GEOFFREY HEAL, Columbia University
SCOTT BARRETT, Johns Hopkins University—R&D and Adoption of 'Breakthrough' Technologies in a Strategic Climate Change Treaty System
WILLIAM PIZER, Resources for the Future—The Evolution of a Global Climate Change Agreement
WILLIAM NORDHAUS, Yale University—Beyond Kyoto: A Carbon Tax Alternative
SHEILA OLMSTEAD, Yale University, and ROBERT STAVINS, Harvard University—An International Policy Architecture for the Post-Kyoto Era
Discussants: JEFFREY FRANKEL, Harvard University
DAVID VICTOR, Stanford University
Jan. 6, 10:15 am
AEA
Information Aggregation in Prediction Markets (D8)
Presiding: JUSTIN WOLFERS, University of Pennsylvania
STEVEN GJERSTAD, University of Arizona—Risk Aversion, Beliefs, and Prediction Market Equilibrium
JUSTIN WOLFERS, University of Pennsylvania, and ERIC ZITZEWITZ, Stanford University—Interpreting Prediction Market Prices as Probabilities
CHARLES MANSKI, Northwestern University—Interpreting the Predictions of Prediction Markets
CHARLES R. PLOTT and KEVIN ROUST, Cal Tech—Parimutuel-Type Processes as Information Aggregation Mechanisms
Discussants: ROBIN HANSON, George Mason University
COLIN CAMERER, Cal Tech
Jan. 6, 10:15 am
AEA
Jump-Starting Your Career: Ph.D. +/-3 (Panel Discussion)
Presiding: DANIEL HAMERMESH, University of Texas-Austin
FRANCINE BLAU, Cornell University
JUDITH CHEVALIER, Yale University
JOEL MOKYR, Northwestern University
ROBERT POLLAK, Washington University-St. Louis
RICHARD STARTZ, University of Washington
LINDA TESAR, University of Michigan-Ann Arbor
Jan. 6, 10:15 am
AEA
African Economic Development
Presiding: CHARLES JONES, University of California-Berkeley
CHRISTOPHER UDRY, Yale University—The Local Politics of Property Rights: Access to Land and Power in Ghana
EDWARD MIGUEL, University of California-Berkeley, RACHEL GLENNERSTER, MIT Poverty Action Lab, and KATE WHITESIDE, Government of Sierra Leone—Civil Conflict and Local Collective Action in Sierra Leone
MARCOS CHAMON, International Monetary Fund, and MICHAEL KREMER, Harvard University and Brookings Institution—Asian Growth and African Development
Discussants: ERICA FIELD, Harvard University
KENNETH LEONARD, University of Maryland
DAVID WEIL, Brown University
Jan. 6, 10:15 am
AEA
Economic and Policy Issues Facing the U.S. Hispanic Community (J1)
Presiding: ENRIQUE FIGUEROA, University of Wisconsin-Milwaukee
RICHARD FREEMAN, National Bureau of Economic Research, and WILLIAM RODGERS, Rutgers University—What’s Been the Impact of the Weak Jobs Recovery on Hispanics?
MARK LOPEZ, University of Maryland, and MARIE MORA, University of Texas-Pan American—The Earnings of U.S. and Foreign-Born Hispanic Faculty
BARBARA ROBLES, University of Texas-Austin—Latino Family and Community Wealth Building: Linking the Earned Income Tax Credit to Asset Building in the Borderlands
Discussants: KRISTA PERREIRA, University of North Carolina
MIGUEL D. RAMIREZ, Trinity College
SUE STOCKLY, Eastern New Mexico University
Jan. 6, 10:15 am
AEA
Capital Controls: Blessing or Curse? (F3)
Presiding: CARMEN REINHART, University of Maryland
SEBASTIAN EDWARDS, University of California-Los Angeles, and ROBERTO RIGOBON, Massachusetts Institute of Technology—Capital Controls, Managed Exchange Rates, and External Vulnerability
GRACIELA KAMINSKY, George Washington University, and SERGIO SCHMUKLER, World Bank—Short-Run Pain, Long-Run Gain: The Effects of Financial Liberalization
NICOLAS MAGUD, University of Oregon, CARMEN REINHART, University of Maryland, and KENNETH ROGOFF, Harvard University—Capital Controls: Myth and Reality
Discussants: SHANG-JIN WEI, International Monetary Fund
KRISTIN FORBES, Massachusetts Institute of Technology
MENZIE CHINN, University of Wisconsin
Jan. 6, 10:15 am
AEA
Measuring and Interpreting Trends in Economic Inequality (J3)
Presiding: LAWRENCE KATZ, Harvard University
DAVID AUTOR, Massachusetts Institute of Technology, LAWRENCE KATZ, Harvard University, and MELISSA KEARNEY, Wellesley College—The Polarization of the U. S. Labor Market [Appendix]
THOMAS LEMIEUX, University of British Columbia—Why Is Wage Inequality Still Growing? The Role of Composition and Cohort Effects
THOMAS PIKETTY, EHESS and CEPREMAP, and EMMANUEL SAEZ, University of California-Berkeley—The Evolution of Top Incomes: A Historical and International Perspective
Discussants: ELI BERMAN, University of California-San Diego
AMITABH CHANDRA, Dartmouth College
LAWRENCE KATZ, Harvard University
Jan. 6, 10:15 am
AEA
Economic Consequences of Social Identity (Z1)
Presiding: ERNST FEHR, University of Zurich
KARLA HOFF, World Bank, and PRIYANKA PANDEY, Pennsylvania State University—Caste Identity, Belief Systems and Durable Inequalities
LORENZ GÖTTE, University of Zurich, DAVID HUFFMAN, Institute for the Study of Labor (IZA), and STEPHAN MEIER, University of Zurich—Group Identity in Organizations: Evidence from an Experiment in the Battlefield
HELEN BERNARD, ERNST FEHR, and URS FISCHBACHER, University of Zurich—Tribal Identity and Altruistic Norm Enforcement
Discussants: RACHEL CROSON, University of Pennsylvania
ROBERT GIBBONS, Massachusetts Institute of Technology
SENDHIL MULLAINATHAN, Harvard University
Jan. 6, 10:15 am
AEA
Political Economy (P4)
Presiding: JAMES ROBINSON, Harvard University
TIMOTHY BESLEY, London School of Economics—Trust and Political Accountability
TORSTEN PERSSON, Stockholm University, and GUIDO TABELLINI, Bocconi University —Democracy and Development: The Devil is in the Details
DARON ACEMOGLU, Massachusetts Institute of Technology, and JAMES ROBINSON, Harvard University—De Facto Political Power and Institutional Persistence
Discussants: ANTONIO MERLO, University of Pennsylvania
BENJAMIN OLKEN, Harvard University
NATHAN NUNN, University of British Columbia
Jan. 6, 10:15 am
AEA
The Effects of EMU After Five Years (F3)
Presiding: FRANCESCO PAOLO MONGELLI, European Central Bank
PHILIP LANE, University of Dublin—The Real Effects of EMU
BENT E. SORENSEN, University of Houston—The Impact of the EMU on the Channels of Risk Sharing between Member Countries
KATHRYN DOMINGUEZ, University of Michigan—The ECB, the Euro and Global Financial Markets
PAUL DE GRAUWE, University of Leuven, and FRANCESCO PAOLO MONGELLI, European Central Bank—Endogeneities of Optimum Currency Areas: What Brings Countries Sharing a Single Currency Closer Together?
Discussants: FRANCESCO PAOLO MONGELLI, European Central Bank
PHILIP LANE, University of Dublin
PAUL DE GRAUWE, University of Leuven
BENT E. SORENSEN, University of Houston
Jan. 6, 10:15 am
AEA/HERO
Economic Analysis of the Medicare Modernization Act
Presiding: DONALD E. YETT, University of Southern California
STEPHEN T. PARENTE, ROGER FELDMAN, JEAN ABRAHAM, and JOHN CHRISTIANSON, University of Minnesota—Assessing the Impact of Health Savings Accounts on Insurance and Coverage Costs
STEVEN D. PIZER, AUSTIN FRAKT, Boston University and VA Boston Health Care Systems, and ROGER FELDMAN, University of Minnesota—Stormclouds on the Horizon? Predicting Adverse Selection in Medicare Prescription Drug Plans
JOSEPH ANTOS, American Enterprise Institute—Will Competition Return to Medicare?
Discussants: HENRY J. AARON, Brookings Institution
PHILIP ELLIS, Congressional Budget Office
JOSEPH NEWHOUSE, Harvard University
Jan. 6, 12:30 pm
AEA/AFA
Joint Luncheon
Presiding: JOHN CAMPBELL, Harvard University
JAMES POTERBA, Massachusetts Institute of Technology
Jan. 6, 2:30 pm
AEA
Special Invited Lecture
Presiding: OLIVIER BLANCHARD, Massachusetts Institute of Technology
ANDREI SHLEIFER, Harvard University—Not the Whole Truth: The Economics of Persuasion
Jan. 6, 2:30 pm
AEA
Relative Income and Utility (D6)
Presiding: JANET YELLEN, Federal Reserve Bank of San Francisco
ANDREW CLARK, PSE, CNRS, DELTA, IZA, and FABRICE ETILE, INRA-Corela—Values, Votes and Slopes: Political Behavior and the Marginal Utility of Income
ERZO LUTTMER, Harvard University—Neighbors as Negatives: Relative Earnings and Well-Being
RAFAEL LALIVE and ALOIS STUTZER, University of Zurich—Approval of Equal Rights and Gender Differences in Well-Being
MARY DALY and DANIEL WILSON, Federal Reserve Bank of San Francisco—Keeping Up with the Joneses and Staying Ahead of the Smiths: Evidence from U.S. Suicide Data
Discussants: JUSTIN WOLFERS, University of Pennsylvania
DAVID BLANCHFLOWER, Dartmouth College
DORA COSTA, Massachusetts Institute of Technology
DAVID CUTLER, Harvard University
Jan. 6, 2:30 pm
AEA
New Developments in Macroeconomics (E0)
Presiding: ROBERT J. SHILLER, Yale University
JAMES WILCOX, University of California-Berkeley, and JOE PEEK, University of Kentucky—Housing, Credit Constraints, and Macro Stability: The Secondary Mortgage Market and Reduced Cyclicality of Residential Investment
BRUCE GREENWALD and JOSEPH STIGLITZ, Columbia University—Growth and Trade: Infant Economies, Not Infant Industries
OWEN LAMONT, Yale University, and JEREMY STEIN, Harvard University—Investor Sentiment and Corporate Finance: Micro and Macro
Discussants: ANIL KASHYAP, University of Chicago
DAVID SCHARFSTEIN, Harvard School of Business
MARK GERTLER, New York University
Jan. 6, 2:30 pm
AEA
Non-Cognitive Determinants of Labor Market Outcomes (J3)
Presiding: EDWARD P. LAZEAR, Stanford University
HANMING FANG, MICHAEL KEANE, Yale University, and ANDREW POSTLEWAITE, University of Pennsylvania—Estimating the Returns to Non-Cognitive Skill Investments
LEX BORGHANS, BAS TER WEEL, Maastricht University, and BRUCE A. WEINBERG, Ohio State University—People People: Social Capital and the Labor-Market Outcomes of Underrepresented Groups
JAMES J. HECKMAN, JORA STIXRUD, and SERGIO URZUA, University of Chicago—The Effects of Cognitive and Non-Cognitive Skills on Labor and Behavioral Outcomes
Discussants: MARKUS MOBIUS, Harvard University
ROLAND FRYER, Harvard University
HERBERT GINTIS, Santa Fe Institute
Jan. 6, 2:30 pm
AEA
The Economics of Sudden Stops in Emerging Economies
Presiding: RICARDO CABALLERO, Massachusetts Institute of Technology
GUILLERMO A. CALVO, University of Maryland, and ALEJANDRO IZQUIERDO, Inter-American Development Bank—Sudden Stops: Theory and Empirical Evidence
ENRIQUE A. MENDOZA, University of Maryland—Lessons from the Debt-Deflation Theory of Sudden Stops
MARTIN URIBE, Duke University—On Overborrowing
Discussants: PHILIPPE AGHION, Harvard University
MICHAEL DEVEREUX, University of British Columbia
FABRIZIO PERRI, New York University
Jan. 6, 2:30 pm
AEA
Research on Ph.D. Programs in Economics
Presiding: ALAN KRUEGER, Princeton University
WENDY A. STOCK, Montana State University, T. ALDRICH FINEGAN and JOHN J. SIEGFRIED, Vanderbilt University—Matriculation in U.S. Economics Ph.D. Programs: How Many Accepted Americans Do Not Enroll?
T. ALDRICH FINEGAN and WENDY A. STOCK, Montana State University—Attrition in Economics Ph.D. Programs
WENDY A. STOCK, Montana State University, and JOHN J. SIEGFRIED, Vanderbilt University—Time-To-Degree for the Economics Ph.D. Class of 2001-02 Authors
Discussants: JEFFREY A. GROEN, U.S. Bureau of Labor Statistics
ROBERT E. HALL, Hoover Institution, Stanford University
RICHARD FREEMAN, Harvard University and National Bureau of Economic
Research
ALAN KRUEGER, Princeton University
Jan. 6, 2:30 pm
AEA
The 1956 Contribution to Economic Growth Theory by Robert Solow: The 50th Anniversary Celebration (O4)
Presiding: OLIVIER DE LA GRANDVILLE, University of Geneva
OLIVIER DE LA GRANDVILLE, University of Geneva—The 1956 Contribution to Economic Growth Theory by Robert Solow: A Major Landmark and Some of Its Still Unexploited Riches
CHARLES I. JONES and DEAN SCRIMGEOUR, University of California-Berkeley—The Steady-State Growth Theorem: Understanding Uzawa (1961)
FRANCESCO CASELLI, Harvard University, and JAMES FEYRER, Dartmouth College—The Marginal Product of Capital
ERICH GUNDLACH, Kiel Institute for World Economics—The Solow Model in the Empirics of Cross-Country Growth
DAVIDE FIASCHI and ANDREA MARIO LAVEZZI, University of Pisa—Nonlinear Growth and the Productivity Slowdown
RAINER KLUMP, Frankfurt University, PETER MCADAM and ALPO WILLMAN,
European Central Bank—The Long-Term
SucCESs of the Neoclassical Growth Model
Discussant: ROBERT SOLOW, Massachusetts Institute of Technology
Jan. 6, 2:30 pm
AEA
Immigrants, Poverty, and Labor Supply
Presiding: RACHEL FRIEDBERG, Brown University
CATALINA AMUEDO-DORANTES, San Diego State University, and SUSAN POZO, Western Michigan University—Migration, Remittances and Male and Female Employment Patterns
MAYA FEDERMAN, Pitzer College, DAVID HARRINGTON, and KATHY KRYNSKI, Kenyon College—State Licensing Laws, Occupational Choice and the Dispersion of Low-Skilled Immigrants: The Case of Vietnamese Manicurists
DEBORAH L. GARVEY, Santa Clara University—Girls Rule? Schooling Work and Idleness among Immigrant Youth
ANDREA ZIEGERT, Denison University, and DENNIS SULLIVAN, Miami University—Poverty in Hispanic Immigrant Families: Foreign Born Mothers and Their Children
Discussants: GERALD OETTINGER, University of Texas-Austin
STEPHEN TREJO, University of Texas-Austin
BOB LUCAS, Boston University
REBECCA BLANK, University of Michigan
Jan. 6, 2:30 pm
AEA
Social Security Reform in the U.S.: Lessons from Other Countries
Presiding: ANDRÁS SIMONOVITS, Institute of Economics, HAS, Budapest
AXEL BÖRSCH-SUPAN, Mannheim University, Germany—The Experience of the German Pension Reform
ANDRÁS SIMONOVITS, Institute of Economics, HAS, Budapest—Social Security Reform in the US: Lessons from Hungary
INDERMIT S. GILL and RADU TATUCU, World Bank—Social Security Reforms in Latin America: What Can the U.S. Learn?
Discussants: JEFFREY BROWN, University of Illinois-Urbana-Champaign
PETER DIAMOND, Massachusetts Institute of Technology
KENT SMETTERS, University of Pennsylvania
Jan. 6, 2:30 pm
AEA
Intellectual Property, Litigation, and Innovation (O3)
Presiding: ROBERT HUNT, Federal Reserve Bank of Philadelphia
JAMES BESSEN, Research on Innovation, and MICHAEL MEURER, Boston University—Patent Litigation with Endogenous Disputes
KLAUS KULTTI, University of Helsinki, TUOMAS TAKALO, University of Toulouse and Bank of Finland, and JUUSO TOIKKA, Helsinki School of Economics and FDPE—Secrecy versus Patenting
ROBERT HUNT, Federal Reserve Bank of Philadelphia—When Do Patents Reduce R&D?
CARL SHAPIRO, University of California-Berkeley—Prior User Rights
Discussants: JAY PIL CHOI, Michigan State University
PAROMA SANYAL, Brandeis University
JOSHUA LERNER, Harvard Business School
DENNIS YAO, Harvard Business School
Jan. 6, 2:30 pm
AEA
Information Diffusion in Macroeconomics
Presiding: STEPHEN MORRIS, Yale University
STEPHEN MORRIS, Yale University, and HYUN SONG SHIN, London School of Economics—The Inertia of Forward-Looking Expectations
CHRISTOPHER SIMS, Princeton University—Rational Inattention: Beyond the LQ Gaussian Case
GREGORY MANKIW, Harvard University, and RICARDO REIS, Princeton University—Inflation Dynamics and the Diffusion of Information
Discussants: NOBUHIRO KIYOTAKI, London School of Economics
MARIOS ANGELETOS, Massachusetts Institute of Technology
ANDREW ATKESON, University of California-Los Angeles
Jan. 6, 2:30 pm
AEA
Empirics of Corruption (D7)
Presiding: SUSAN ROSE-ACKERMAN, Yale University
MARIANNE BERTRAND, University of Chicago, SIMEON DJANKOV, World Bank, REMA HANNA, Massachusetts Institute of Technology, and SENDHIL MULLAINATHAN, Harvard University—Obtaining a Driving License in India: An Experimental Approach to Studying Corruption
RAYMOND FISMAN, Columbia University, PETER MOUSTAKERSKI, Booz Allen Hamilton, and SHANG-JIN WEI, International Monetary Fund—Offshoring Tariff Evasion: A New Explanation for Entrepot Trade
ASIM KHWAJA, Harvard University, and ATIF MIAN, University of Chicago—Do Lenders Favor Politically Connected Firms? Rent-Provision in an Emerging Financial Market
BENJAMIN OLKEN, National Bureau of Economic Research—Corruption Perceptions vs. Corruption Reality
Discussants:
GORDON HANSON, University of California-San Diego
SEEMA JAYACHANDRAN, University of California-Los Angeles
Jan. 6, 2:30 pm
AEA
Monetary Policy and Asset Markets (E5)
Presiding: MICHAEL EHRMANN, European Central Bank
ANDREW ANG, SEN DONG, Columbia University, and MONIKA PIAZZESI, University of Chicago—No Arbitrage Taylor Rules
GLENN RUDEBUSCH and TAO WU, Federal Reserve Bank of San Francisco—Accounting for a Shift in Term Structure Behavior with No-Arbitrage and Macro-Finance Models
JON FAUST, Federal Reserve Board—The Reaction of Price, Volume, and Bid-Ask Spreads to Macroeconomic News
MICHAEL EHRMANN, MARCEL FRATZSCHER, European Central Bank, and ROBERTO RIGOBON, Massachusetts Institute of Technology—Stocks, Bonds, Monetary Markets and Exchange Rates: Measuring International Financial Transmission
Discussants: CLARA VEGA, University of Rochester
ROBERTO RIGOBON, Massachusetts Institute of Technology
OSCAR JORDA, University of California-Davis
STEVE CECCHETTI, Brandeis University
Jan. 6, 2:30 pm
AEA
The Impact of Medicare (I1)
Presiding: JONATHAN SKINNER, Dartmouth College
AMY FINKELSTEIN, Harvard University, and ROBIN McKNIGHT, University of Oregon—What Did Medicare Do (And Was It Worth It?)
DAVID CARD, University of California-Berkeley, CARLOS DOBKIN, University of California-Santa Cruz, and NICOLE MAESTAS, Rand—The Impact of Nearly Universal Insurance Coverage on Health Care Utilization and Health: Evidence from Medicare
KATHERINE BAICKER and AMITABH CHANDRA, Dartmouth College—Racial Disparities in the Medicare Program
Discussants: DARIUS LAKDAWALLA, Rand
WILLIAM DOW, University of California-Berkeley
ELLEN MEARA, Harvard University
Jan. 6, 2:30 pm
AEA
Offshoring: The Discussion Continues (F2)
Presiding: STEVEN LANDEFELD, Bureau of Economic Analysis
JAGDISH BHAGWATI, Columbia University—The Economics of Offshoring: Revisiting the Muddles
RALPH KOZLOW, Bureau of Economic Analysis—Globalization, Offshoring and Multinational Companies: What Are the Questions and How Well Are We Doing in Answering Them?
CATHERINE MANN, Institute for International Economics—Information Technology Offshoring and Productivity Growth
Discussants: LAURA TYSON, London School of Economics
LAEL BRAINARD, Brookings Institution
MATTHEW SLAUGHTER, Dartmouth College
Jan. 6, 2:30 pm
AEA/AREUEA
Issues in Urban Economics
Presiding: EDWARD GLAESER, Harvard University
EDWARD GLAESER, Harvard University—The Economics of Agglomeration Revisited
JOEL WALDFOGEL, University of Pennsylvania—The Median Voter and the Median Consumer: Local Private Goods and Residential Sorting
STUART ROSENTHAL, Syracuse University, and WILLIAM STRANGE, University of Toronto—The Attenuation of Human Capital Spillovers: A Manhattan Skyline Approach
Discussants: WILLIAM STRANGE, University of Toronto
RICHARD GREEN, George Washington University
MATTHEW KAHN, Tufts University
Jan. 6, 2:30 pm
AEA/KAEA
Trade and Financial Integration in East Asia
Presiding: KYOO H. KIM, Bowling Green State University
ROBERT BARRO, Harvard University, and JONG-WHA LEE, Korea University—East Asian Currency Union
BARRY EICHENGREEN, University of California-Berkeley and HUI TONG, Bank of England—How China is Reorganizing the World Economy
CHOONG-SOO KIM, Korea Development Institute—Policy Issues for a Regional Economic Integration of Northeast Asian Economies: A Korean Perspective
Discussants: YUNJONG WANG, SK Research Institute
JAE-WOO LEE, International Monetary Fund
JEFFREY FRANKEL, Harvard University
Jan. 6, 2:30 pm
AEA/NAEFA
The Andrew Brimmer Policy Forum: Federal Reserve Monetary Policy
Presiding: ANDREW BRIMMER, Brimmer & Company and University of Massachusetts-Amherst
ALLEN SINAI, Decision Economics, Inc.—Innovations, Structural Changes, and the Effectiveness of Monetary Policy, 1987-2006
ALICE RIVLIN, Brookings Institution—Challenges and Opportunities for Federal Reserve Monetary Policy in the Post-Greenspan Years: An Alumna’s Perspective
MARTIN FELDSTEIN, Harvard University and NBER—Challenges and Opportunities for Federal Reserve Monetary Policy in the Post-Greenspan Years: A Friend-of-Court Perspective
ANDREW F. BRIMMER, Brimmer & Company and University of Massachusetts-Amherst—Politics and Monetary Policy Before, During, and Following the Greenspan Years
Jan. 6, 4:45 pm
AEA
Richard T. Ely Lecture
Presiding: GEORGE A. AKERLOF, University of California-Berkeley
CLAUDIA GOLDIN, Harvard University—The Quiet Revolution That Transformed Women's Employment, Education, and Family
Jan. 7, 8:00 am
AEA
Behavioral Labor Economics (C9)
Presiding: ARMIN FALK, University of Bon and IZA
LORENZ GÖTTE, University of Zurich, and DAVID HUFFMAN, Institute for the Study of Labor (IZA)—Reference-Dependent Preferences and the Allocation of Effort over Time: Evidence from Natural Experiments with Bike Messengers
ORIANA BANDIERA, London School of Economics, IWAN BARANKAY, University of Essex, and IMRAN RASUL, University College London—Social Preferences and the Response to Incentives: Evidence from Personnel Data
ARMIN FALK, University of Bonn and IZA, and THOMAS DOHMEN, IZA—Performance Pay and Sorting—Productivity, Preferences and Gender
Discussants: COLIN CAMERER, Cal Tech
ERNST FEHR, University of Zurich
BENTLEY MacLEOD, University of Southern California
Jan. 7, 8:00 am
AEA
The Boskin Commission After a Decade: Is the CPI Still Biased? (Roundtable Discussion)
Presiding: WILLIAM NORDHAUS, Yale University
MARTIN N. BAILY, Institute of International Economics
ERNST BERNDT, Massachusetts Institute of Technology
ROBERT J. GORDON, Northwestern University
JOHN S. GREENLEES, Bureau of Labor Statistics
JACK E. TRIPLETT, Brookings Institution
Jan. 7, 8:00 am
AEA
Competition in Two-Sided Markets (L1)
Presiding: MICHAEL RIORDAN, Columbia University
ANDREI HAGIU, Princeton University—Two-Sided Platforms: Pricing and Social Efficiency
BENJAMIN E. HERMALIN and MICHAEL L. KATZ, University of California-Berkeley—Customer or Complementor? Intercarrier Compensation with Two-Sided Benefits
VOLKER NOCKE, University of Pennsylvania, MARTIN PEITZ, International University in Germany, and KONRAD STAHL, University of Mannheim—Competing Market Places
Discussants: ATTILA AMBRUS, Harvard University
RICHARD SCHMALENSEE, Massachusetts Institute of Technology
MICHAEL RIORDAN, Columbia University
Jan. 7, 8:00 am
AEA
New Insights into the Theory of Sovereign Debt
Presiding: GUILLERMO CALVO, University of Maryland
MARK AGUIAR, Federal Reserve Bank of Boston, MANUEL AMADOR, Stanford University, and GITA GOPINATH, Harvard University—Sustainable Fiscal Policy in a Small Open Economy
CRISTINA ARELLANO, University of Minnesota—High Sovereign Debt: A Puzzle
ENRIQUE G. MENDOZA, University of Maryland, and P. MARCELO OVIEDO,
Iowa State University—Fiscal
Policy and Macroeconomic Uncertainly in Emerging Markets: The Tale
of the Tormented Insurer
Discussants: MARTIN URIBE, Duke University
GITA GOPINATH, University of Chicago
ALEJANDRO IZQUIERDO, Inter-American Development Bank
Jan. 7, 8:00 am
AEA
China and the World Economy (F0)
Presiding: LOUIS PUTTERMAN, Brown University
ERIC GIRARDIN, GREQAM, Universite de la Mediterranee, and ZHENYA LIU, People's University of Beijing and University of Birmingham —The Financial Integration of China: New Evidence on Temporally Aggregated Data for the A-Share Market
SANDRINE PONCET, University of Paris 1, and SHANG-JIN WEI, International Monetary Fund—Imagining China as Separate Economies: Estimating the Effects of Trade Costs on Growth
ALBERT HU, National University of Singapore, and ROBERT OWEN, University of Nantes—Gravitation at Home and Abroad: Regional Distribution of FDI in China
JIAN GAO, Tsinghua University, and GARY JEFFERSON, Brandeis University—Has China Begun Its S&T Takeoff? Foreign and Domestic Sources of China’s Rising R&D Intensity
Discussants: EDWARD M. GRAHAM, Institute for International Economics
LEE BRANSTETTER, Columbia University
CHENGGANG XU, London School of Economics
SHAHID YUSUF, World Bank
Jan. 7, 8:00 am
AEA
The Economics and Empirics of Peer and Neighborhood Effects
Presiding: JANET CURRIE, University of California-Los Angeles
SUSAN CLAMPETT-LUNDQUIST, Princeton University, GREG DUNCAN, Northwestern University, KATHRYN EDIN, University of Pennsylvania, and JEFFREY KLING, Princeton University—Understanding Gender Differences in Neighborhood Effects
ROLAND FRYER and PAUL TORELLI, Harvard University—Measuring the Prevalence and Impact of “Acting White”
BRIAN JACOB, Harvard University, and JENS LUDWIG, Georgetown University—Neighborhood Effects on Children’s Schooling Outcomes: Evidence from a Chicago Housing Lottery
BRYAN GRAHAM, Harvard University, GUIDO IMBENS, University of California,
Berkeley, and GEERT RIDDER, University of Southern California—Measuring
the Average Outcome and Inequality Effects of Segregation in the
Presence of Social Spillovers
Discussants: JANET CURRIE, University of California-Los Angeles
BRUCE WEINBERG, Ohio State University
JESSE ROTHSTEIN, Princeton University
RAJEEV DEHEJIA, Columbia University
Jan. 7, 8:00 am
AEA
The Internet’s Impact on the Sale of Entertainment Products (L8)
Presiding: FELIX OBERHOLZER-GEE, Harvard University
MARIE CONNOLLY and ALAN B. KRUEGER, Princeton University—Rockonomics: The Economics of Popular Music
JULIE MORTIMER, Harvard University, and ALAN SORENSEN, Stanford University—Supply Responses to Digital Distribution: Recorded Music and Live Performances
RAPHAEL ROB and JOEL WALDFOGEL, University of Pennsylvania—Piracy on the Silver Screen
FELIX OBERHOLZER-GEE, Harvard University, and KOLEMAN STRUMPF, University of North Carolina—The Effect of File Sharing on Movies
Discussants: BHARAT ANAND, Harvard University
MATTHEW GENTZKOW, University of Chicago
AUSTAN GOOLSBEE, University of Chicago
LIRAN EINAV, Stanford University
Jan. 7, 8:00 am
AEA
Workshops on Interactive Teaching for Economic Faculty and Graduate Students: Teaching Introductory Economics (A2)
Presiding: DANIEL S. HAMERMESH, University of Texas-Austin
KENNETH G. ELZINGA, University of Virginia
DANIEL S. HAMERMESH, University of Texas-Austin
G. DIRK MATEER, Pennsylvania State University
Jan. 7, 8:00 am
AEA
Exposing Cheating and Corruption
Presiding: STEVEN LEVITT, University of Chicago
JUSTIN WOLFERS, University of Pennsylvania—Point Shaving: Corruption in NCAA Basketball
ERIC ZITZEWITZ, Stanford University—How Widespread Was Late Trading in Mutual Funds?
STEVEN LEVITT, University of Chicago—White Collar Crime Writ Small: The Theft of Bagels and Donuts
Discussants: RAYMOND FISMAN, Columbia University
BRUCE SACERDOTE, Dartmouth College
Jan. 7, 8:00 am
AEA
Competition in Highly Related Sectors: Telecom, Health, and Financial Services
Presiding: SHARON OSTER, Yale University
M. KATE BUNDORF, Stanford University, and KOSALI SIMON, Cornell University—The Effect of Rate Regulation on Demand for Supplemental Health Insurance
JAMES REBITZER and MARI REGE, Case Western Reserve University, and CHRISTOPHER SHEPARD, University Hospitals of Cleveland—Information Technology and Information Overload in Health Care
MARC BORREAU, ENST, and PINAR DOGAN, Harvard University—“Build or Buy” Strategies in the Local Loop
Discussants: AMY FINKELSTEIN, Massachusetts Institute of Technology
SHARON OSTER, Yale University
REBECCA HENDERSON, Massachusetts Institute of Technology
NICHOLAS ECONOMIDES, New York University
Jan. 7, 8:00 am
AEA
Human Wealth Returns and Asset Pricing (G1)
Presiding: STIJN VAN NIEUWERBURGH, New York University
HANNO LUSTIG, University of California-Los Angeles, and STIJN VAN NIEUWERBURGH, New York University—Returns on Human Capital: Good News on Wall Street is Bad News on Main Street
CHRIS MALLOY, London Business School, TOBIAS MOSKOWITZ, University of Chicago, and ANNETTE VISSING-JORGENSEN, Northwestern University—Long-Run Stockholder Consumption Risk and Asset Returns
MIN WEI, Federal Reserve Board—Human Capital, Business Cycles, and Asset Pricing
RAVI BANSAL, Duke University, THOMAS TALLARINI, and AMIR YARON, University of Pennsylvania—The Return to Wealth, Asset Pricing and the Intertemporal Elasticity of Substitution
Discussants: JOHN CAMPBELL, Harvard University
MARTIN LETTAU, New York University
URBAN JERMANN, University of Pennsylvania
LARS HANSEN, University of Chicago
Jan. 7, 8:00 am
AEA
Uncertainty and Monetary Policy (E5)
Presiding: PETER TINSLEY, George Washington University
ROBERT TETLOW, Federal Reserve Board—Real-Time Model Uncertainty in the United States: Robust Policies Put to the Test
VITOR GASPAR, FRANK SMETS, and DAVID VESTIN, European Central Bank—Optimal Monetary Policy under Adaptive Learning
SHARON KOZICKI, Federal Reserve Bank of Kansas City, and PETER TINSLEY, George Washington University—Heterogeneous Perceptions of Inflation Targets
KEITH KUESTER, Goethe University of Frankfurt, and VOLKER WIELAND, Goethe University of Frankfurt and Center for Financial Studies—Insurance Policies for Monetary Policy in the Euro Area
Discussants: BENNETT McCALLUM, Carnegie Mellon University
GEORGE EVANS, University of Oregon
JEAN BOIVIN, Columbia University
TIMOTHY COGLEY, University of California-Davis
Jan. 7, 8:00 am
AEA
International Migration (F2)
Presiding: GORDON HANSON, University of California-San Diego
NATALIE CHEN, University of Warwick and CEPR, and PAOLA CONCONI, Université Libre de Bruxelles (ECARES), University of Warwick and CEPR, and CARLO PERRONI, University of Warwick—Does Migration Empower Married Women?
GIOVANNI FACCHINI, University of Illinois-Urbana-Champaign, and ANNA MARIA MAYDA, Georgetown University and CEPR—Do Interest Groups Shape Migration Policy?
GORDON HANSON and CRAIG McINTOSH, University of California-San Diego—Illegal Migration from Mexico to the United States
PABLO IBARRARAN, Inter-American Development Bank, and DARREN LUBOTSKY, University of Illinois-Urbana-Champaign—Mexican Immigration and Self-Selection: New Evidence from the 2000 Mexican Census
Discussants: ROBERT POLLAK, Washington University-St. Louis
DARREN LUBOTSKY, University of Illinois-Urbana-Champaign
ETHAN LIGON, University of California-Berkeley
ANNA MARIA MAYDA, Georgetown University and CEPR
Jan. 7, 8:00 am
AEA
New Perspectives on Sovereign Debt (F3)
Presiding: KENNETH ROGOFF, Harvard University
OLIVIER JEANNE and JEROMIN ZETTELMEYER, International Monetary Fund—Is Sovereign Debt a Good Thing?
MICHAEL TOMZ and MARK WRIGHT, Stanford University—Sovereign Debt and Default: Lessons from History
RUI ESTEVES, University of California-Berkeley—Quis custodiet quem? Sovereign Debt and Bondholders’ Protection Before 1914
Discussants: SERGIO SCHMUKLER, World Bank
PAOLO MAURO, International Monetary Fund
KENNETH KLETZER, University of California-Santa Cruz
Jan. 7, 8:00 am
AEA/ACES
North Korea: Past Performance and Potential Trajectories (P2)
Presiding: JOHN BONIN, Wesleyan University
SEOK-JIN KIM, LG Economic Research Institute, BYUNG-YEON KIM, Sogang University, Korea, and KEUN LEE, World Bank and Seoul National University—Assessing the Economic Performance of North Korea, 1954-1989: Estimates of Growth Accounting Analysis
STEPHAN HAGGARD, University of California-San Diego, and MARCUS NOLAND, Institute of International Economics—Famine, Marketization, and Economic Reform in North Korea
SCOTT BRADFORD and KERK PHILLIPS, Brigham Young University—The Economic Reunification of Korea: A Dynamic General Equilibrium Model
MICHAEL FUNKE, Hamburg University, and HOLGER STRULIK, Copenhagen University—Growth and Convergence in a Two-Region Model: The Hypothetical Case of Korean Unification
Discussants: WONHYUK PHILIP LIM, Korea Development Institute
RICHARD POMFRET, University of Adelaide, Australia
GÉRARD ROLAND, University of California-Berkeley
Jan. 7, 8:00 am
AEA/CES
Economic Growth and Sustainable Development (O0)
Presiding: GORDON LIU, University of North Carolina-Chapel Hill and Peking University
DAVID E. BLOOM and DAVID CANNING, Harvard School of Public Health—Demographic Change and Economic Growth: Comparing China and India
GORDON G. LIU, University of North Carolina-Chapel Hill and Peking University, and FRANK LUO, Mid-Continent University—Economic Growth and Population Health in China: Prosperity vs. Sustainability
SHUANGLIN LIN, University of Nebraska, YAN WANG, World Bank, and FAN ZHAI, Asian Development Bank—Simulating the Long-Run Effects of China's Expansionary Fiscal Policy in an Overlapping Generations Model
JUSTIN YIFU LIN, Peking University and Hong Kong University of Science and Technology, MINGXING LIU, Peking University, SHIYUAN PAN, Peking University and Zhejiang University, and PENGFEI ZHANG, Peking University—Development Strategy, Viability, and Economic Institutions: Theory and Evidence from China
Discussants: DEAN JAMISON, University of California-Los Angeles
UWE REINHARDT, Princeton University
LAURENCE KOTLIKOFF, Boston University
JIANDONG JU, University of Oklahoma
Jan. 7, 8:00 am
AEA/ODE
ODE Graduate Student Invited Papers Session
Presiding: ROBERT R. EBERT, Baldwin-Wallace College
NICOLE L. CORNELL SADOWSKI, University of Oklahoma—Discount Retailers and Sales Tax Collection: Accounting for Competitive and Spatial Aspects
JUAN MANUEL JAUREGUI, University of California-Los Angeles—The Political Economy of Current Account Reversals: An Empirical Study
SHUICHIRO NISHIOKA, University of Colorado-Boulder—An Explanation of OECD Trade with Knowledge Capital and the HOV Model
KRISTIN ROTI JONES, University of Connecticut—Dangerous Products and Spillover Liability
JAYANTA SARKAR, Southern Methodist University—Mortality, Fertility and Persistent Income Inequality
Discussants: ERIK B. JOHNSON, University of Colorado
NATHAN P.S. COOK, Michigan State University
YONGLI ZHANG, Fordham University
JASON PEARCY, University of Colorado-Boulder
BIJAN JYOTI BORAH, Indiana University-Bloomington
Jan. 7, 10:15 am
AEA
Special Invited Lecture
Presiding: LAWRENCE KATZ, Harvard University
ERNST FEHR, University of Zurich—Reciprocity, Reputation, and Market Performance
Jan. 7, 10:15 am
AEA
Social Interactions: Consequences for Schooling and Employment
Presiding: YANNIS M. IOANNIDES, Tufts University
ALESSANDRA CASELLA, Columbia University, and NOBUYUKI HANAKI, University of Tsukuba —Why Personal Ties Cannot Be Bought
FEDERICO ECHENIQUE, California Institute of Technology, and ROLAND G. FRYER, Harvard University—On the Measurement of Segregation
ADRIAAN R. SOETEVENT, University of Amsterdam, and YANNIS M. IOANNIDES, Tufts University—Employment in a Social Network with Arbitrary Degree Distribution
LINDA DATCHER LOURY, Tufts University—All in the Extended Family: Schooling and Employment
Discussants: DAVID AUTOR, Massachusetts Institute of Technology
ROBERTO FERNANDEZ, Massachusetts Institute of Technology
GLENN LOURY, Boston University
BRUCE WEINBERG, Ohio State University
Jan. 7, 10:15 am
AEA
William Baumol Special Session on Entrepreneurship, Innovation and Growth I: Theoretical Approach
Presiding: ROBERT LITAN, Kauffman Foundation
WILLIAM BAUMOL, New York University—Entrepreneurship and Invention: Toward Their Microeconomic Value Theory
EDWARD LAZEAR, Stanford University—Leadership and Entrepreneurs: Where They Produce the Most Value
EDMUND PHELPS, Columbia University—Further
Steps to a Theory of Innovation and Growth—On the Path Begun
by Knight, Hayek and Polanyí
CARL SCHRAMM, Kauffman Foundation—Entrepreneurial
Capitalism and the End of Bureaucracy: Reforming the Mutual
Dialogue of Risk Aversion
Discussants: YING LOWREY, U.S. Small Business Administration
PER STROMBERG, University of Chicago
Jan. 7, 10:15 am
AEA
The Economics of National Security
Presiding: MARTIN FELDSTEIN, Harvard University and NBER
CHRIS ROHLFS, University of Chicago—The Government’s Valuation of Military Life-Saving in War: A Cost Minimization Approach
DAVID JAEGER, College of William and Mary, and DANIELE PASERMAN, Hebrew University of Jerusalem—The Spiral of Violence? An Empirical Analysis of Violence in the Palestinian-Israeli Conflict
ALBERTO ABADIE, NBER—Poverty, Political Freedom and the Roots of Terrorism
Discussants: PETER GARBER, Deutsche Bank
ELI BERMAN, University of California-San Diego
ALAN KRUEGER, Princeton University
Jan. 7, 10:15 am
AEA
Understanding Child Labor (O1)
Presiding: RAJEEV DEHEJIA, Columbia University
KAUSHIK BASU and HOMA ZARGHAMEE, Cornell University—Is Product Boycott a Good Idea for Controlling Child Labor?
KATHLEEN BEEGLE, World Bank, RAJEEV DEHEJIA, Columbia University, and ROBERTA GATTI, World Bank—Why Should We Care About Child Labor? The Education, Labor Market, and Health Consequences of Child Labor
ERIC EDMONDS and SALIL SHARMA, Dartmouth College—Schooling Investment Incentives in Children Vulnerable to Bondage
CAROL ANN ROGERS, Georgetown University, and KENNETH SWINNERTON, U.S. Department of Labor—A Theory of Exploitative Child Labor
Discussants: ERICA FIELD, Harvard University
PAUL GLEWWE, University of Minnesota
JONATHAN MORDUCH, New York University
CHRIS UDRY, Yale University
Jan. 7, 10:15 am
AEA
Theories of Regulation and Deregulation: A Critical Appraisal (Roundtable Discussion) (L5)
Presiding: ROBERT HAHN, AEI-Brookings Joint Center
GARY BECKER, University of Chicago
ROGER NOLL, Stanford University
SAM PELTZMAN, University of Chicago
CLIFFORD WINSTON, Brookings Institution
Jan. 7, 10:15 am
AEA
On Time: Early Results from the American Time Use Survey
Presiding: KATHARINE G. ABRAHAM, University of Maryland
KRISTIN MAMMEN, Barnard College, Columbia University—Fathers' Time Investments in Children: Do Sons Get More?
LEORA FRIEDBERG, University of Virginia, and ANTHONY WEBB, International Longevity Center—The Chore Wars: Household Bargaining and Leisure Time
SANDY KORENMAN, Baruch College, City University of New York, and JUNE O’NEILL, Center for the Study of Business and Government—Time Use and Gender and Marital Differences in Pay and Occupations
MARIE CONNELLY, Princeton University—How’s the Weather? A Look at Substitution between Work, Leisure and Home Production
HARLEY FRAZIS and JAY STEWART, Bureau of Labor Statistics—What Do Male Nonworkers Do?
DANIEL HAMERMESH, University of Texas—Why Not Retire? The Time and Timing Costs of Market Work
Jan. 7, 10:15 am
AEA
Entrepreneurs and Enterprises in China’s Transition to Market (P3)
Presiding: DWIGHT PERKINS, Harvard University
SIMEON DJANKOV, World Bank, EDWARD MIGUEL, YINGYI QUIN, GÉRARD ROLAND, University of California-Berkeley, and EKATERINA ZHURAVSKAYA, CEFIR—Who Are China's Entrepreneurs
CHONG-EN BAI, University of Hong Kong and Tsinghua University, JIANGYONG LU, and ZHIGANG TAO, University of Hong Kong—How Does Privatization Work in China?
DAVID D. LI, Hong Kong University of Science and Technology, and JUNXIN FENG and HONGPING JIANG, Tsinghua University—Institutional Entrepreneurs in China
TAKAO KATO and CHERYL LONG, Colgate University—CEO Turnover and Firm Performance in China: Evidence from Firms Listed in the Shanghai and Shenzhen Stock Exchanges
Discussants: ERIK BERGLOF, SITE, Stockholm School of Economics
PETER MURRELL, University of Maryland
GARY JEFFERSON, Brandeis University
CHERYL LONG, Colgate University
Jan. 7, 10:15 am
AEA
Monetary Policy Transparency and Effectiveness (E5)
Presiding: OTMAR ISSING, European Central Bank
VINCENT REINHART, Federal Reserve Board, and BRIAN SACK, Macroadvisers—Words and Deeds: The Evolution of the Federal Reserve’s Communications Strategy
ANNE SIBERT, Birkbeck College—Is Central Bank Transparency Desirable
ALEX CUKIERMAN, Tel-Aviv University—The Limits of Transparency
MICHAEL EHRMANN, and MARCEL FRATZSCHER, European Central Bank—How Should Central Banks Communicate?
Discussants: LARS SVENSSON, Princeton University
LINDA GOLDBERG, Federal Reserve Bank of New York
KENNETH KUTTNER, Oberlin College
WILLEM BUITER, European Bank for Reconstruction and Development
Jan. 7, 10:15 am
AEA
Gender Differences in Career Dynamics and Earnings (J3)
Presiding: RONALD EHRENBERG, Cornell University
CATHERINE WEINBERGER and PETER KUHN, University of California-Santa Barbara—The Narrowing of the U.S. Gender Earnings Gap, 1959-1999: A Cohort-Based Analysis
ALISON BOOTH, University of Essex and Australian National University, and JEFFREY FRANK, Royal Holloway, University of London—Marriage, Partnership, Cohabitation and Sexual Orientation: What Males Gain a Wage Premium?
LOIS JOY, Yale University—Gender Differences in Wage Growth among Recent College Graduates
DEON FILMER, ELIZABETH KING, and DOMINIQUE VAN DEN WALLE, World Bank—Testing for Pay and Promotion Bias in an International Organization
Discussants: RONALD OAXACA, University of Arizona
RONALD EHRENBERG, Cornell University
MARIANNE FERBER, University of Illinois-Urbana-Champaign
DEBORAH COBB-CLARK, Australian National University
Jan. 7, 10:15 am
AEA
Anomalies in Intertemporal Choice (D9)
Presiding: W. KIP VISCUSI, Harvard Law School
JONATHAN COHEN, Princeton University, DAVID LAIBSON, Harvard University, and GEORGE LOEWENSTEIN, Carnegie Mellon University, and SAM McCLURE, Princeton University—Neuroeconomics and Impulsivity
DREW FUDENBERG, Harvard University, and DAVID K. LEVINE, University of California-Los Angeles and Federal Reserve Bank of Minneapolis—A Dual-Self Model of Impulse Control
JOEL HUBER, Duke University, and W. KIP VISCUSI, Harvard Law School—Hyperbolic Discounting of Public Goods
JESS BENHABIB, ALBERTO BISIN, and ANDREW SCHOTTER, New York University—Hyperbolic Discounting: An Experimental Analysis
Discussants: COLIN CAMERER, California Institute of Technology
DRAZEN PRELEC, Massachusetts Institute of Technology
SHANE FREDERICK, Massachusetts Institute of Technology
DANIEL READ, Durham Business School and London School of Economics
Jan. 7, 10:15 am
AEA
Restructuring and Regulation of Public Utilities
Presiding: NANCY ROSE, Massachusetts Institute of Technology
CATHERINE WOLFRAM, University of California-Berkeley, and JAMES BUSHNELL, University of California Energy Institute—The Economic Impact of Grandfathering Regulations: Power Plant Performance and New Source Review
LEA-RACHEL KOSNIK, University of Missouri-St. Louis—Interest Group Battle Choice: When Is It Time to Pick a Fight?
PAROMA SANYAL, Brandeis University, and ARINDAM GHOSH, Analysis Group Inc.—Private Sector Response to Vanishing Public R&D Dollars: Innovation and Electricity Deregulation in the U.S.
ISABELLE BROCAS, University of Southern California, KITTY CHAN, Federal Communications Commission, and ISABELLE PERRIGNE, Pennsylvania State University—Regulation under Asymmetric Information in Water Utilities
Discussants: ERIN MANSUR, Yale University
AMY W. ANDO, University of Illinois-Urbana-Champaign
NANCY ROSE, Massachusetts Institute of Technology
EDNA LOEHMAN, Purdue University
Jan. 7, 10:15 am
AEA
Asian Currency Matters
Presiding: JEFFREY FRANKEL, Harvard University
MORRIS GOLDSTEIN and NICHOLAS LARDY, Institute of International Economics—China’s Exchange Rate Policy Dilemma
RONALD McKINNON, Stanford University—China's Exchange Rate Trap: Japan Redux?
BARRY EICHENGREEN, University of California-Berkeley—The Parallel Currency Approach to Asian Monetary Unification
Discussants: ESWAR PRASAD, International Monetary Fund
PETER KENEN, Princeton University
Jan. 7, 10:15 am
AEA
Workshops on Interactive Teaching for Economics Faculty and Graduate Students: The Teaching Innovations Program (TIP) for Economics Instructors (A2)
Presiding: MICHAEL K. SALEMI, University of North Carolina-Chapel Hill
KIMMARIE McGOLDRICK, University of Richmond
MICHAEL K. SALEMI, University of North Carolina-Chapel Hill
WILLIAM WALSTAD, University of Nebraska-Lincoln
Jan. 7, 10:15 am
AEA
Historical Perspectives on Long-Run Development (O1)
Presiding: SIMON JOHNSON, Massachusetts Institute of Technology
JOEL MOKYR, Northwestern University—The Rise of the Enlightened Economy
JARED DIAMOND, University of California-Los Angeles—The Wealth and Poverty of Nations
DARON ACEMOGLU, SIMON JOHNSON, Massachusetts Institute of Technology, and JAMES ROBINSON, Harvard University—The French Revolution and Institutional Change
Discussants: STANLEY ENGERMAN, University of Rochester
PETER TEMIN, Massachusetts Institute of Technology
PHILIP HOFFMAN, Cal Tech
Jan. 7, 10:15 am
AEA/IHEA
Issues of Industrial Organization in Health Care
Presiding: VIVIAN HO, Rice University and Baylor College of Medicine
SUJOY CHAKRAVARTY, MARTIN GAYNOR, STEPHEN KLEPPER, and WILLIAM VOGT, Carnegie Mellon University—Does the Profit Motive Make Jack Nimble? Ownership Form and the Evolution of the U.S. Hospital Industry
LEEMORE DAFNY, Northwestern University—Estimation and Identification of Merger Effects: An Application to Hospital Mergers
GAUTAM GOWRISANKARAN, Washington University, VIVIAN HO, Rice University and Baylor College of Medicine, and ROBERT TOWN, University of Minnesota—Causality and the Volume-Outcome Relationship in Surgery
Discussants: THOMAS HOLMES, University of Minnesota
FRANK WOLAK, Stanford University
ARIEL PAKES, Harvard University
Jan. 7, 10:15 am
AEA/LERA
The National Labor Relations Act After Seventy Years: An Assessment (Symposium)
Presiding: MICHAEL REICH, University of California-Berkeley
RICHARD B. FREEMAN, Harvard University—Does Labor Fare Better Under Federal or State Law?
BARRY HIRSCH, Trinity University, and JEFFREY HIRSCH, University of Tennessee —The Rise and Fall of Private Sector Unionism: What Comes Next?
PAULA B. VOOS, Rutgers University—Expanding Voice for Professionals, Technical Workers, Supervisors, and Managers
Discussants: WILLIAM B. GOULD, Stanford University Law School
JON HIATT, AFL-CIO
DANIEL J.B. MITCHELL, University of California-Los Angeles
Jan. 7, 10:15 am
AEA/NEA
Skin Tone Discrimination and Economic Outcomes (J1)
Presiding: SHELLEY WHITE-MEANS, University of Tennessee-Memphis
ARTHUR GOLDSMITH, Washington and Lee University, DARRICK HAMILTON, New School University, and WILLIAM DARITY, JR., University of North Carolina-Chapel Hill—From Dark to Light: Skin Color and Wages among African-Americans
KWABENA GYIMAH-BREMPONG, University of South Florida, and GREGORY N. PRICE, Jackson State University—Crime and Punishment: And Skin Hue Too?
JONI HERSCH, Harvard University Law School—Skin Tone Effects among African Americans: Perceptions and Reality
HOWARD BODENHORN, Lafayette College—The Economic Consequences of Colorism and Complexion Homogamy in the Black Community: Some Historical Evidence
Discussants: ORLEY ASHENFELTER, Princeton University
SHELLEY WHITE-MEANS, University of Tennessee-Memphis
LEONCE NDIKUMANA, University of Massachusetts-Amherst
MARGARET SIMMS, Joint Center for Political and Economic Studies
Jan. 7, 10:15 am
AEA/SPM
Economic Integration, Trade Policies and Governance (Roundtable) (F1)
Presiding: DOMINICK SALVATORE, Fordham University
VOLBERT ALEXANDER and MARTIN MANDLER, University of Geissen—Economic Integration, Uncertainty and Trade: The European Experience
JAMES DEAN, Simon Fraser University and Western Washington University, and VIVEK DEHEJIA, Carleton University—Globalization, Liberalization, and National Culture: Convergence and Divergence in the Americas
GERHARD FINK, Vienna University of Economics and Business, and DOMINICK SALVATORE, Fordham University—Exchange Rate Misalignments and Trade Protectionism across the Atlantic
LUCJAN ORLOWSKI, Sacred Heart University—Trade Creation and Diversion in the Enlarged European Union
ROBERT OWEN, University of Nantes—Governance and Economic Integration
Jan. 7, 12:30 pm
AEA
Luncheon Honoring the 2004 Nobel Laureates, Finn E. Kydland and Edward C. Prescott
Presiding: GEORGE A. AKERLOF, University of California-Berkeley
VICTOR RIOS-RULL, University of Pennsylvania
RICHARD ROGERSON, Arizona State University
Jan. 7, 2:30 pm
AEA
Alan Greenspan’s Legacy: An Early Look (E5)
Presiding: ALLAN MELTZER, Carnegie Mellon University
CHARLES CALOMIRIS, Columbia University—Greenspan: The Quiet Revolutionary
BENJAMIN FRIEDMAN, Harvard University—Monetary Policy in the Greenspan Era: Do the Structural Changes Correspond to the Performance?
ATHANASIOS ORPHANIDES, Federal Reserve Board—The Road to Price Stability
N. GREGORY MANKIW, Council of Economic Advisers—The Greenspan Legacy
ALLAN MELTZER, Carnegie Mellon University—From Inflation to More Inflation, Disinflation and Low Inflation
Jan. 7, 2:30 pm
AEA
New Evidence about the Impact of Taxing Corporate-Source Income (H2)
Presiding: JOEL SLEMROD, University of Michigan
ALAN AUERBACH, University of California-Berkeley, and KEVIN HASSETT, American Enterprise Institute—Dividend Taxes and Firm Valuation: New Evidence
RAJ CHETTY and EMMANUEL SAEZ, University of California-Berkeley—The Effects of the 2003 Dividend Tax Cut on Corporate Payout Policies and Stock Price Reactions to Dividends
JOEL SLEMROD, University of Michigan—Corporate Tax Avoidance and the Real Effects of Tax Policy
Discussants: GUSTAVO GRULLON, Rice University
ROGER GORDON, University of California-San Diego
MICHAEL DEVEREUX, Warwick University
Jan 7, 2:30 pm
AEA
William Baumol Special Session on Entrepreneurship, Innovation and Growth II: Empirical Approach
Presiding: YING LOWREY, U.S. Small Business Administration
DAVID AUDRETSCH and MAX KEILBACH, Max Planck Institute of Economics—Entrepreneurship Capital -- Determinants and Impact on Regional Economic Performance
YING LOWREY, U.S. Small Business Administration—An Examination of Entrepreneurial Effort
STEVEN KAPLAN, BERK SENSOY, and PER STROMBERG, University of Chicago—What Are Firms? Evolution from Birth to Public Companies
PAUL GOMERS, ANNA KOVNER, JOSHUA LERNER, and DAVID SCHARFSTEIN, Harvard University—Venture Capital Investment Cycles: The Impact of Public Markets
Discussants: AUGUSTIN LANDIER, University of Chicago
MELISSA SCHILLING, New York University
Jan. 7, 2:30 pm
AEA
Marriage Markets: Matching Models and Empirical Implications (J1)
Presiding: ANDREW F. NEWMAN, Boston University
PIERRE-ANDREW CHIAPPORI, University of Chicago, MURAT IYIGUN, University of Colorado, and YORAM WEISS, Tel Aviv University—Spousal Matching, Marriage Contracts and Property Division in Divorce
PATRICK LEGROS, ECARES, Free University of Brussels, and ANDREW F. NEWMAN, Boston University—Beauty is a Beast, Frog is a Prince: Assortative Matching with Nontransferabilities
LENA EDLUND and WOJCIECH KOPCZUK, Columbia University—The Wealth of Women
MARISTELLA BOTTICINI, Boston University and University of Torino, and ALOYSIUS SIOW, University of Toronto—The Value of Sons in Medieval Society: A View from the Marriage Market
Discussants: ANDREW F. NEWMAN, Boston University
ALOYSIUS SIOW, University of Toronto
MARISTELLA BOTTICINI, Boston University and University of Torino
MURAT IYIGUN, University of Colorado
Jan. 7, 2:30 pm
AEA
Inside the Black Box of Education: The Role of “Non-Cognitive” Factors in Determining Student Achievement
Presiding: BRIAN JACOB, Harvard University
BRIAN JACOB, Harvard University, and JACOB VIGDOR, Duke University—Bad Seeds: Measuring the Impact of Peer Disruption on Classroom Production
DAVID FIGLIO, University of Florida—Why Barbie Says “Math is Hard”
EDWARD P. LAZEAR, Stanford University—Tax Fraud becomes Terrorism
ERIC BETTINGER and ROBERT SLONIM, Case Western Reserve University—Patience among Children: Evidence from a Field Experiment
Discussants: JENS LUDWIG, Georgetown University
SUSANNA LOEB, Stanford University
LARS LEFGREN, Brigham Young University
DAVID LAIBSON, Harvard University
Jan. 7, 2:30 pm
AEA
Globalization at Columbia
Presiding: JOSEPH STIGLITZ, Columbia University
BRUCE GREENWALD, Columbia University—Has Globalization Been Exaggerated?
JEFFREY D. SACHS, Columbia University—The End of Poverty
ROBERT MUNDELL, Columbia University—Mondializing Money
EDMUND PHELPS, Columbia University—Trade, Technology Transfer, and Globalization
MERIT JANOW, Columbia University—Making Sense of the WTO Agreements
JOSEPH STIGLITZ, Columbia University—Making Globalization Work
Jan. 7, 2:30 pm
AEA
Gender Earnings Gap
Presiding: LORI KLETZER, University of California-Santa Cruz
STEFANIE ALBANESI, Duke University, and CLAUDIA OLIVETTI, Boston University—Home Production, Market Production and the Gender Wage Gap: Incentives and Expectations
MARIGEE P. BACOLOD, University of California-Irvine, and BERNARDO BLUM, University of Toronto—U.S. “Residual” Inequality and the Gender Gap: Two Sides of the Same Coin
ELSIE ECHEVERRI-CARROLL and SOFIA G. AYALA, University of Texas-Austin—High-Technology Agglomerations and Gender Inequalities
KUSUM MUNDRA, San Diego State University—A Panel Study of Earning Differentials across Gender
Discussants: SHELLY LUNDBERG, University of Washington
SANDRA BLACK, University of California-Los Angeles
LAWRENCE KAHN, Cornell University
CHINHUI JUHN, University of Houston
Jan. 7, 2:30 pm
AEA
Asymmetric Information and the Automobile Market (D8)
Presiding: KATHLEEN JOHNSON, Federal Reserve Board
SUMIT AGARWAL, Bank of America, BRENT AMBROSE, University of Kentucky, and SOUPHALA CHOMSISENGPHET, Office of the Comptroller of the Currency—Asymmetric Information and the Automobile Loan Market
MEGHAN BUSSE, University of California-Berkeley, JORGE SILVIA-RISSO, University of California-Riverside, and FLORIAN ZETTLEMEYER, University of California-Berkeley and NBER—$1000 Cash Back: Asymmetric Information in Auto Manufacturer Promotions
KATHLEEN JOHNSON, Federal Reserve Board—Price Discrimination in Consumer Markets: Evidence from Automobile Sales Incentive Programs
KERWIN KOFI CHARLES, University of Michigan and NBER, ERIK HURST, University of Chicago and NBER, and MELVIN STEPHENS, Carnegie Mellon University and NBER—Explaining Racial Differences in Vehicle Loan Rates
Discussants: JOHN DRISCOLL, Federal Reserve Board
ADAM COPELAND, Federal Reserve Board
ANDREA MORO, University of Minnesota
KAREN PENCE, Federal Reserve Board
Jan. 7, 2:30 pm
AEA
Technology and Institutions Co-Evolving
Presiding: AVNER GREIF, Stanford University
ZORINA KHAN, Bowdoin College and NBER, and KENNETH SOKOLOFF, University of California-Los Angeles and NBER—The Evolution of Institutions and Useful Knowledge in Britain and America: Great Inventors and Their Patents, 1790-1930
J. STANLEY METCALFE, University of Manchester, United Kingdom, and RICHARD R.NELSON, Columbia University—Technology, Organization, and Institutions in Cardiology: Extending the Scope of "Activity Analysis"
JOEL MOKYR, Northwestern University—The Fork in the Road: Technology, Institutions and the Origins of Modern Growth in Eighteenth Century Europe
ULRICH WITT, Max Planck Institute of Economics, Jena, Germany and CHRISTIAN ZELLNER, Ecole Polytechnique Fédérale de Lausanne—Changing Patterns of Technological Knowledge Production and the Organizational Adaptations Inside Firms
Discussants: AVNER GREIF, Stanford University
CONSTANCE E. HELFAT, Dartmouth College
PETER MURMANN, Northwestern University
RICHARD LANGLOIS, University of Connecticut
Jan. 7, 2:30 pm
AEA
Understanding Investment (H2)
Presiding: SIMON GILCHRIST, Boston University
SIMON GILCHRIST and JIANJUN MIAO, Boston University—Corporate Governance and Tax Evasion: Implications for Investment
HUNTLEY SCHALLER, Carleton University, Canada—The Long-Run Effect of Taxes, Prices, and the Interest Rate on Capital
LYNNE PEPALL and DANIEL RICHARDS, Tufts University—Strategic Subsidies and Investment Spillovers
Discussants: MIHIR DESAI, Harvard Business School
CHRISTOPHER HOUSE, University of Michigan
ROBERT CHIRINKO, Emory University
Jan. 7, 2:30 pm
AEA
Politics and Finance (G0)
Presiding: ANTOINETTE SCHOAR, Massachusetts Institute of Technology
ANTOINETTE SCHOAR, Massachusetts Institute of Technology, MARIANNE BERTRAND, University of Chicago, FRANCIS KRAMARZ, and DAVID THESMAR, ENSAE—Politically Connected CEOs and Economic Outcomes: Evidence from France
STEPHEN HABER, Stanford University—Political Institutions and Financial Development: Evidence from the Economic Histories of Mexico and the United States
MARA FACCIO, RONALD MASULIS, Vanderbilt University, and JOHN McCONNELL, Purdue University—Political Connections and Corporate Bailouts
Discussants: ANDREI SHLEIFER, Harvard University
RANDY KROSZNER, University of Chicago
RAYMOND FISMAN, Columbia University
Jan. 7, 2:30 pm
AEA
Historical Perspectives on the Consequences and Effects of Original Sin
Presiding: PETER TEMIN, Massachusetts Institute of Technology
MARC FLANDREAU and CLEMENS JOBST, Institut d'Etudes Politiques, Paris—Original sin and the international monetary architecture
MICHAEL BORDO, Rutgers University, and CHRISTOPHER M. MEISSNER, University of Cambridge—The Role of Foreign Currency Debt in Financial Crises: 1880-1913 vs. 1972-1997
LUIS A.V. CATÃO, International Monetary Fund—Sudden Stops and Sovereign Defaults
Discussants: MICHAEL BORDO, Rutgers University
ALAN M. TAYLOR, University of California-Davis
CARMEN REINHART, University of Maryland
Jan. 7, 2:30 pm
AEA
Workshop on Interactive Teaching for Economic Faculty and Graduate Students: Poster Session on Teaching Ideas and Projects (A2)
Presiding: RAE JEAN GOODMAN, U.S. Naval Academy, and MARK MAIER, Glendale Community College
MARY ELLEN MALLIA, Rensselaer Polytechnic Institute—Using Creativity in Assessment to Teach Economics
MICHELE T. VILLINSKI, DePauw University—Techniques and Effectiveness of Interactive Classroom Instruction Software
KIRSTEN K. MADDEN, Millersville University of Pennsylvania—Using Surveys to Teach Economic Concepts
MARTIN MILKMAN and BARRY BROWN, Murray State University—Using Personal Response System Clickers in Principles
SUZANNE HELLER CLAIN, Villanova University—The Lesson of the Winner’s Curse: An Example from the Economics of Sports
GAIL MITCHELL HOYT, University of Kentucky—The Concept Quiz as a Technique for Actively Engaging Students
RAYMONDA L. BURGMAN, DePauw University—Writing to Learn Economics
WILLIAM DAWES and JACQUELINE WILKS-NELSON, Stony Brook University—Using a Keypad Response System in a Large Lecture Course
STEVEN GOLD, Rochester Institute of Technology—The Use of an Interactive Simulation Game to Teach Microeconomics
PAUL HETTLER, California University of Pennsylvania—The Effectiveness of Team-Based Learning in Building Content Knowledge and Problem Solving Skills in Principles of Macroeconomics
G. DIRK MATEER, Pennsylvania State University—Teaching Economics with Tunes
JONATHAN B. WIGHT, University of Richmond—Why My Doctor is a Kantian and My Car Mechanic is an Aristotelian: Understanding Ethics in Economics
MARILYN COTTRELL, Brock University, Canada—A Learning Object for Macroeconomic Principles
NATHAN D. GRAWE, Carleton College—A Simulation of Counter-Cyclical Intervention: Some Practical Lessons
Jan. 7, 2:30 pm
AEA
Policy and Political Economy of Growth
Presiding: ROBERT HALL, Stanford University
WILLIAM EASTERLY, New York University—Can National Policy Change Long-Run Growth?
RAGHURAM RAJAN, University of Chicago—What Prevents Aid from Enhancing Growth?
TIMOTHY BESLEY, TORSTEN PERSSON, London School of Economics, and DANIEL STURM, University of Munich—Political Competition and the Quality of Government: Theory and Evidence from the U.S. States
PHILIPPE AGHION, ROBERT BARRO, IOANA MARINESCU, Harvard University, PHILIPPE BACCHETTA, Studienzentrum Gerzensee, Switzerland, ROMAIN RANCIERE, Universitat Pompeu Fabra, and KENNETH ROGOFF, Harvard University—Volatility and Growth and Implications for Macropolicy
Discussant: DARON ACEMOGLU, Massachusetts Institute of Technology
Jan. 7, 2:30 pm
AEA
Portfolio Choice: Puzzles and New Approaches (G1)
Presiding: STIJN VAN NIEUWERBURGH, New York University
STEPHANIE CURCURU, JOHN HEATON, University of Chicago, DEBORAH LUCAS, Northwestern University, and DAMIEN MOORE, University of Sydney—Heterogeneity and Portfolio Choice: Theory and Evidence
CLAUDIO CAMPANALE, University of Alicante, and FATIH GUVENEN, University of Rochester—Explaining Life-Cycle Portfolio Choice: The Role of Bequests and Under-diversification
STIJN VAN NIEUWERBURGH and LAURA VELDKAMP, New York University—Information Acquisition and Portfolio Under-Diversification
LUCA BENZONI, University of Minnesota, PIERRE COLLIN-DUFRESNE, University of California-Berkeley, and ROBERT GOLDSTEIN, University of Minnesota—Portfolio Choice over the Life-Cycle in the Presence of “Trickle Down” Labor Income
Discussants: STAN ZIN, Carnegie Mellon University
LEONID KOGAN, Massachusetts Institute of Technology
CHESTER SPATT, Securities and Exchange Commission and Carnegie Mellon
University
DEBORAH LUCAS, Northwestern University
Jan. 7, 2:30 pm
AEA/CEANA
Environment, Economy, and Global Warming
Presiding: WEN S. CHERN, Yale University
ROBERT MENDELSOHN, Ohio State University—Forecasting the Impacts of Climate Change: Comparing the Effects in the Far East and the Rest of the World
CHUNG-HUANG HUANG, National Tsing Hua University, Taiwan, SHIH-MO LIN, Chung Yuan Christian University, Taiwan, HSING-HUA LIN, Ching-Yun Institute of Technology, Taiwan, and HAN-PIN SU, Ministry of Justice, Taiwan—Decoupling of CO2 Emission from Economic Growth: How Could the EKC Become Plausible?
BRENT L. SOHNGEN, Ohio State University, TOM HERTEL, and HUEY-LIN LEE, Purdue University—Influence of Technology Change in Agriculture on CO2 Emissions from Deforestation and Other Land Uses: Comparing Regional Results
JU-CHIN HUANG, University of New Hampshire, and DAIGEE SHAW, Academia Sinica, Taiwan—Theoretically Consistent Willingness to Pay for Water Quality: The Case of Taiwan
Discussants: V. KERRY SMITH, North Carolina State University
CAROLYN FISCHER, Resources for the Future
JOHN REILLY, Massachusetts Institute of Technology
Jan. 7, 2:30 pm
AEA/SGE
The Distinguished Lecture on Economics in Government
Presiding: NICHOLAS BULL, Joint Committee on Taxation
DOUGLAS HOLTZ-EAKIN, Director, Congressional Budget Office—Economics
in Government
Jan. 7, 2:30 pm
AEA/URPE
In Celebration of John Kenneth Galbraith (Roundtable)
Presiding: JULIET SCHOR, Boston College
JULIET B. SCHOR, Boston College
JAMES K. GALBRAITH, University of Texas-Austin
RICHARD PARKER, Harvard University
JAMES RON STANFIELD, Colorado State University
Jan. 7, 4:45 pm
AEA
Presiding: GEORGE A. AKERLOF, University of California-Berkeley
DANIEL McFADDEN, University of California-Berkeley
Jan. 7, 6:00 pm
AEA
Business Meeting
Jan. 8, 8:00 am
AEA
Twin Deficits, Growth and Stability of the U.S. Economy (Roundtable Discussion) (F4)
Presiding: DOMINICK SALVATORE, Fordham University
JEFFREY FRANKEL, Harvard University—Could the Twin Deficits Jeopardize U.S. Economy Hegemony?
GLENN HUBBARD, Columbia University—Twin Deficits: Causes and Consequences
GREGORY MANKIW, Harvard University and Council of Economic Advisers—The Fiscal Policy Challenge
RAGHURAM RAJAN, International Monetary Fund—Closing the Current U.S. Current Account Deficit: Scenarios and Risks
KENNETH ROGOFF, Harvard University—How Strong is the Case for Coordinated Response to Global Imbalances?
Jan. 8, 8:00 am
AEA
Labor Force Participation in the 21st Century (J2)
Presiding: JOSEPH TRACY, Federal Reserve Bank of New York
FRANCINE BLAU and LAWRENCE KAHN, Cornell University—Changes in Female Labor Supply Behavior: 1980-2000
CASEY MULLIGAN, University of Chicago, and YONA RUBINSTEIN, Tel Aviv University—Specialization, Inequality, and the Labor Market for Married Women
CHARLES HIMMELBERG and MARGARET McCONNELL, Federal Reserve Bank of New York—Understanding the Recent Behavior of U.S. Labor Force Participation
CHINHUI JUHN, University of Houston, and SIMON POTTER, Federal Reserve Bank of New York—The Impact of Working Spouses on Cyclical Fluctuations in the Labor Force
Discussants: BRADLEY HEIM, Duke University
DAVID AUTOR, Massachusetts Institute of Technology
MARY DALY, Federal Reserve Bank of San Francisco
STEPHANIE AARONSON, Federal Reserve Board
Jan. 8, 8:00 am
AEA
The Costs of War
Presiding: JAMES K. GALBRAITH, University of Texas-Austin
JOSEPH STIGLITZ, Columbia University—The Economics of War and Its Aftermath: The Case of Iraq
WILLIAM NORDHAUS, Yale University—Is Military Spending Justified by Security Threats?
STEVE KOSIAK, Center for Strategic and Budgetary Assessments—The Costs of the Iraq War
ALLEN SINAI, Decision Economics—Wars and the Macroeconomy: The Case of Iraq
BASSAM YOUSIF, Indiana State University—The Coalition Provision’s (CPA) Economic Policy
Jan. 8, 8:00 am
AEA
Private Pensions and Retirement Income Security (J3)
Presiding: CHARLES JESZECK, U.S. Government Accountability Office
MARK GLICKMAN and GENE KUEHNEMAN, U.S. Government Accountability Office—Retiree
Pension Payout Decisions: Evidence from the Health and Retirement
Study, 1992-2002
WILLIAM GALE, Brookings Institution, GREGORY MILLS, Abt Associates, and RHIANNON PATTERSON, U.S. Government Accountability Office—Do Individual Development Accounts Raise Saving? Experimental Evidence
JEFFREY BROWN, University of Illinois-Urbana-Champaign and NBER, NELLIE LIANG, Federal Reserve Board, and SCOTT WEISBENNER, University of Illinois-Urbana-Champaign—Endorsement Effects and Portfolio Choice: Evidence from 401(k) Plans
Discussants: CONSTANTIJN PANIS, RAND
KAREN PENCE, Federal Reserve Board
CLEMENS SIALM, University of Michigan
Jan. 8, 8:00 am
AEA
Economic Impacts of Wal-Mart (L0)
Presiding: JUSTIN WOLFERS, University of Pennsylvania
JERRY HAUSMAN, Massachusetts Institute of Technology, and EPHRAIM LIEBTAG, U.S. Department of Agriculture—Consumer Benefits from Increased Competition in Shopping Outlets
EMEK BASKER and PHAM HOANG VAN, University of Missouri—Putting a Smiley Face on the Dragon: Wal-Mart as Catalyst to U.S.-China Trade
THOMAS HOLMES, University of Minnesota—Unions and Wal-Mart: Geography, Time, and Strategic Avoidance Behavior
DAVID NEUMARK and JUNFU ZHANG, Public Policy Institute of California—What Happens When Wal-Mart Comes to Town?
Discussants: LUKE FROEB, Vanderbilt University
JOHN ROMALIS, Chicago GSB
RICHARD FREEMAN, Harvard University
JUSTIN WOLFERS, University of Pennsylvania
Jan. 8, 8:00 am
AEA
Understanding International Business Cycles: New Perspectives (F4)
Presiding: MARK WATSON, Princeton University
AYHAN KOSE, International Monetary Fund, CHRISTOPHER OTROK, University of Virginia, and ESWAR PRASAD, International Monetary Fund—Regionalization vs. Globalization: Explaining North-South Business Cycle Dynamics
MARIO CRUCINI and MOTOTSUGU SHINTANI, Vanderbilt University—International Comovement: Is Theory Ahead of Business Cycle Measurement?
JONATHAN HEATHCOTE, Georgetown University, and FABRIZIO PERRI, New York University—Keeping All Your Eggs in One Basket: Trading Costs and International Portfolio Diversification
Discussants: MARK WATSON, Princeton University
REUVEN GLICK, Federal Reserve Bank of San Francisco
ERIC VAN WINCOOP, University of Virginia
Jan. 8, 8:00 am
AEA
Endogenous Information Acquisition
Presiding: DIRK BERGEMANN, Yale University
LEEAT YARIV, University of California-Los Angeles, and DINO GERARDI, Yale University—Organizational Design with Costly Information
ALEX GERSHKOV, Hebrew University of Jerusalem, and BALASZ SZENTES, University of Chicago—Optimal Voting Scheme with Costly Information Acquisition
JACQUES CREMER, IDEI-GREMAQ, University of Toulouse, YOSSI SPIEGEL, Tel Aviv University, and CHARLES ZHENG, Northwestern University—Optimal Search Auctions
RANN SMORODINSKY, Technion-Israel Institute of Technology—A Revelation Principle for Models with Costly Private Information
Discussants: CESAR MARTINELLI, ITAM
NAVIN KARTIK, University of California-San Diego
DINO GERADI, Yale University
DIRK BERGEMANN, Yale University
Jan. 8, 8:00 am
AEA
Slavery, Inequality and Health
Presiding: SEEMA JAYACHANDRAN, University of California-Berkeley and Los Angeles
NATHAN NUNN, University of British Columbia—Slavery, Institutional Development, and Long-Run Growth in Africa, 1400-2000
WASIQ KHAN, University of St. Mary—The Labor Productivity Differential between West Africa and the West Indies: 1680-1830, An Economic Analysis of the Slave Trade
Discussant: CHRISTOPHER UDRY, Yale University
Jan. 8, 8:00 am
AEA
Racial Segregation, School Quality and School Choice (I2)
Presiding: DAVID FIGLIO, University of Florida
DAVID CARD, University of California-Berkeley, and JESSE ROTHSTEIN, Princeton University—Racial Segregation and the Black-White Test Score Gap
ERIC BRUNNER, Quinnipiac University, and JENNIFER IMAZEKI, San Diego State University, and STEVE ROSS, University of Connecticut—Racial Segregation and School Vouchers
ROBERT BIFULCO, University of Connecticut, and HELEN LADD, Duke University—School Choice, Racial Segregation and Test-Score Gaps: Evidence from North Carolina's Charter School Program
STEVE ROSS, JOHN CLAPP, and ANUPAN NANDA, University of Connecticut—Which School Attributes Matter? The Influence of Racial Composition and School District Performance on Property Values
Discussants: LARRY KENNY, University of Florida
MIGUEL URQUIOLA, Columbia University
THOMAS DOWNES, Tufts University
RANDALL REBACK, Barnard College
Jan. 8, 8:00 am
AEA
Behavioral Political Economy (D0)
Presiding: STEFANO DELLAVIGNA, University of California-Berkeley
DANIEL BENJAMIN and DAVID LAIBSON, Harvard University—Some Costs and Benefits of Coercive Government
NICOLA GENNAIOLI, Stockholm University, and ANDREI SHLEIFER, Harvard University—The Evolution of Precedent
EDWARD GLAESER, GIACOMO PONZETTO, and JESSE SHAPIRO, Harvard University—Strategic Extremism
STEFANO DELLAVIGNA, University of California-Berkeley, and JOSHUA POLLETT, University of Illinois-Urbana-Champaign—Voter Inattention and Strategic Signing of Laws
Discussants: BOTOND KOSZEGI, University of California-Berkeley
ULRIKE MALMENDIER, Stanford University
JEFFREY ZWIEBEL, Stanford University
GERARD ROLAND, University of California-Berkeley
Jan. 8, 8:00 am
AEA
Topics in International Finance (F3)
Presiding: BARRY EICHENGREEN, University of California-Berkeley
HAMID FARUQEE and JAEWOO LEE, International Monetary Fund—Global Dispersion of Current Account: Is the Universe Expanding?
RICHARD LYONS, University of California-Berkeley, and MICHAEL MOORE, Queen’s University of Belfast—An Information Approach to International Currencies
JOHN CARLSON, Purdue University, and CAROL OSLER, Brandeis University—Short-Run Exchange-Rate Dynamics: Theory and Evidence
Discussant: PIERRE-OLIVIER GOURINCHAS, University of California-Berkeley
Jan. 8, 8:00 am
AEA
Computer Assisted Instruction: New Work on Instructional Applications (A2)
Presiding: BETTY J. BLECHA, San Francisco State University
BARRY KEATING, University of Notre Dame—Simulation without Wires: An Infinitely Variable Market Simulation
MARCELO CLERICI-ARIAS, Stanford University—From Zero to Agent-Based Modeling in Ten Weeks
MILES B. CAHILL, College of the Holy Cross—Estimating Key Macroeconomic Relationships at the Undergraduate Level: Taylor Rule and Okun’s Law Examples
ALBERTO ISGUT, Institute for Competitiveness and Prosperity, TANYA ROSENBLAT and GANESAN RAVISHANKER, Wesleyan University—The Basics of International Trade: A Classroom Experiment
Discussants: CARSTEN LANGE, California State Polytechnic University-Pomona
DANIEL A. TALLEY, South Dakota State University
Jan. 8, 8:00 am
AEA
Disentangling Intergenerational Correlations: New Evidence (J6)
Presiding: ANN STEVENS, University of California-Davis
PHILLIP OREOPOULOS, University of Toronto, MARIANNE PAGE, and ANN STEVENS, University of California-Davis—Intergenerational Effects of Unexpected Worker Displacement
BRUCE SACERDOTE, Dartmouth College—How Large Are the Treatment Effects from Shifts in Environment? A Study of Korean American Adoptees
SANDRA BLACK, PAUL DEVEREUX, University of California-Los Angeles, and KJELL SALVANES, Norwegian School of Economics and Statistics—From the Cradle to the Labor Market? The Effect of Birth Weight on Adult Outcomes
Discussants: STEPHEN HAIDER, Michigan State University
JOSEPH ALTONJI, Yale University
AMITABH CHANDRA, Dartmouth College
Jan. 8, 8:00 am
AEA
New Approaches to Trade and FDI: Sorting and Labor Market Institutions (F1)
Presiding: POL ANTRÀS, Harvard University
FRANZISKA OHNSORGE, International Monetary Fund, and DANIEL TREFLER, University of Toronto—Sorting It Out: International Trade and Protection with Heterogeneous Workers
ALEJANDRO CUÑAT, University of Essex, and MARC MELITZ, Harvard University—Labor Market Flexibility and Comparative Advantage
VOLKER NOCKE and STEPHEN YEAPLE, University of Pennsylvania—An Assignment Theory of Foreign Direct Investment
POL ANTRÀS, Harvard University, LUIS GARICANO, University of Chicago, and ESTEBAN ROSSI-HANSBERG, Stanford University—Offshoring in a Knowledge Economy
Discussants: ROBERT FEENSTRA, University of California-Davis
GORDON HANSON, University of California-San Diego
ESTEBAN ROSSI-HANSBERG, Stanford University
DARON ACEMOGLU, Massachusetts Institute of Technology
Jan. 8, 8:00 am
AEA/AFE
Corporate Governance and Asset Pricing
Presiding: LEMMA SENBET, University of Maryland
MILTON HARRIS, University of Chicago, and ARTUR RAVIV, Northwestern University—A Theory of Board Control and Size
K.J. MARTIJN CREMERS, Yale University, VINAY B. NAIR, University of Pennsylvania, and KOSE JOHN, New York University—Takeovers and the Cross-Section of Return
MASSIMO MASSA, URS PEYER, and ZHENSU TONG, INSEAD—Limits of Arbitrage and Corporate Financial Policy
Discussants: BENJAMIN HERMALIN, University of California-Berkeley
ANDREW METRICK, University of Pennsylvania
MALCOLM BAKER, Harvard University
Jan. 8, 8:00 am
AEA/IAFFE
The Economics of Identity: Gender, Race, and Well-Being
Presiding: DIANA STRASSMANN, Rice University
CECILIA CONRAD, Pomona College—Household Bargaining, Gender Relations and the Economics of Identity
ALAN KIRMAN, Université Paul Cézanne and GREQAM, ULRICH HORST, University of British Columbia, Canada, and MIRIAM TESCHL, GREQAM—Changing Identity and Its Impact on Welfare Judgments
RACHEL KRANTON, University of Maryland—Identity and Work
PATRICK MASON, Florida State University—Identity, Markets and Persistent Racial Inequality
AMARTYA SEN, Harvard University—The Ups and Downs of Identity
Jan. 8, 10:15 am
AEA
High Growth, Contrasting Stories: China, India, Russia
Presiding: JOSEF BRADA, Arizona State University
KAR-YIU WONG, University of Washington—Why Is Chinese Growth So High?
PRITHA MITRA, Columbia University—Has Government Investment Crowded Out Private Investment in India?
PADMA DESAI, Columbia University—Why Is Russian GDP Growth Slowing?
Discussants: ESWAR PRASAD, International Monetary Fund
ARVIND PANAGARIYA, Columbia University
JOSEF BRADA, Arizona State University
Jan. 8, 10:15 am
AEA
William Baumol Special Session on Entrepreneurship, Innovation and Growth III: International Approach
Presiding: LEORA KLAPPER, World Bank
SIMON PARKER, Durham University—New Agendas in the Economics of Entrepreneurship: Optimism,Education, Wealth and Entrepreneurship
SAUL ESTRIN, London School of Economics, and RUTA AIDIS, University College London —Weak Institutions, Weak Ties and Low Levels of Productive Entrepreneurship in Russia: An Exploration
JINGLIAN WU, Development Research Center of Chinese State Council, and SHAOQING HUANG, China Europe International Business School—The Entrepreneurship and Institutions: A Perspective to Interpret China's Economic Growth in Its Transformation
SIMEON DJANKOV, World Bank, YINGYI QIAN, University of California, Berkeley, GÉRARD ROLAND, University of California, Berkeley, and EKATERINA ZHURAVSKAYA, CEFIR—Entrepreneurship in Development: First Results from China and Russia
Discussants: MARIASSUNTA GIANNETTI, Stockholm School of Economics
LUC LAEVEN, World Bank
LEORA KLAPPER, World Bank
Jan. 8, 10:15 am
AEA
Mexican Immigration (J6)
Presiding: LAWRENCE KAHN, Cornell University
FRANCINE D. BLAU and LAWRENCE M. KAHN, Cornell University—Gender and Assimilation among Mexican Americans
GEORGE J. BORJAS and LAWRENCE F. KATZ, Harvard University—The Evolution of the Mexican-Born Workforce in the United States
DAVID CARD, University of California-Berkeley, and ETHAN LEWIS, Federal Reserve Bank of Philadelphia—The Diffusion of Mexican Immigrants during the 1990s: Explanations and Impacts
EDWARD P. LAZEAR, Stanford University—The Slow Assimilation of Mexicans in the United States
Discussants: KRISTIN BUTCHER, Federal Reserve Bank of Chicago
RACHEL FRIEDBERG, Brown University
GORDON HANSON, University of California-San Diego
STEPHEN TREJO, University of Texas
Jan. 8, 10:15 am
AEA
New Empirical Research on China
Presiding: HONGBIN CAI, University of California-Los Angeles
ERBIAO DAI and NAZRUL ISLAM, ICSEAD—Alternative
Estimates of TFP Growth in Mainland China: An Investigation
Using the Dual Approach
BARRY EICHENGREEN, University of California-Berkeley, and HUI TONG, Bank of England—Is China's FDI Coming at the Expense of Other Countries?
CARSTEN HOLZ, Hong Kong University of Science and Technology—No Razor's Edge: Reexamining Alwyn Young's Evidence for Increasing Inter-Provincial Trade Barriers in China
HONGBIN CAI, University of California-Los Angeles, QIAO LIU, and GENG XIAO, University of Hong Kong—Does Competition Encourage Corporate Profit Mis-reporting? Evidence from Chinese Firms
Discussants: CHANG-TAI HSIEH, University of California-Berkeley
SHANG-JIN WEI, International Monetary Fund
THOMAS RAWSKI, Harvard University
CHONG-EN BAI, Hong Kong University and Tsinghua University
Jan. 8, 10:15 am
AEA
Health and Development
Presiding: CHRISTINA PAXSON, Princeton University
ELIZABETH FRANKENBERG, University of California-Los Angeles, JAMES P. SMITH, RAND, BONDON SIKOKI, Survey/METER, and DUNCAN THOMAS, University of California-Los Angeles—Health, Income, and Household Resource Allocation: Experimental Evidence
ERICA FIELD, Harvard University—Consequences of Early Marriage for Women in Bangladesh
NAZMUL HASSAN, Dhaka University, MARK M. PITT, Brown University, and MARK ROSENZWEIG, Yale University—Sharing the Burden of Disease: Gender, the Household Divisionof Labor and the Health Effects of Indoor Air Pollution
SEEMA JAYACHANDRAN, University of California-Berkeley and Los Angeles—Air Quality and Early-Life Mortality During Indonesia's Massive Wildfires in 1997
Discussants: BEN OLKEN, Harvard Society of Fellows
LENA EDLUND, Columbia University
ADRIANA LLERAS-MUNEY, Princeton University
MICHAEL GREENSTONE, Massachusetts Institute of Technology
Jan. 8, 10:15 am
AEA
International Evidence on Educational Inequality (I2)
Presiding: STEVEN G. RIVKIN, Amherst College
MARTIN R. WEST and PAUL E. PETERSON, Harvard University—The Efficacy of Choice Threats within School Accountability Systems: Results from Legislatively Induced Experiments
STEPHEN J. MACHIN, University College London and London School of Economics, and STEPHEN GIBBONS, London School of Economics—Paying for Primary Schools: Admission Constraints, School Popularity or Congestion?
ERIC A. HANUSHEK, Stanford University, and LUDGER WOESSMAN, Ifo Institute, University of Munich and CESifo—Does Educational Tracking Affect Performance and Inequality? Differences-in-Differences Evidence across Countries
Discussants: STEVEN G. RIVKIN, Amherst College
SANDRA BLACK, University of California-Los Angeles
JOHN BISHOP, Cornell University
Jan. 8, 10:15 am
AEA
Market Dynamics: Entry, Exit and New Product Introduction
Presiding: JUDITH CHEVALIER, Yale University
STEPHANIE RIEGG CELLINI, University of California-Los Angeles—Funding Schools or Financing Students: Public Subsidies and the Market for Two-Year College Education
DARLENE CHISHOLM, Suffolk University, and GEORGE NORMAN, Tufts University—When to Exit a Product: Evidence from the U.S. Motion Picture Exhibition Market
MO XIAO, University of Rochester, and PETER ORAZEM, Iowa State University—Do Entry Conditions Vary Over Time? Entry and Competition in the Broadband Market: 1999-2003
SUSANNA ESTEBAN, Pennsylvania State University, and MATTHEW SHUM, Johns Hopkins University—Durable Goods Oligopoly with Secondary Markets: The Case of Automobiles
Discussants: JESSE ROTHSTEIN, Princeton University
JULIE MORTIMER, Harvard University
GINGER JIN, University of Maryland
DANIEL ACKERBERG, University of Arizona
Jan. 8, 10:15 am
AEA
Laboratory vs. Field Experiments: What Can We Learn? (Roundtable Discussion)
Presiding: GARY BECKER, University of Chicago
COLIN CAMERER, Cal Tech
ERNST FEHR, University of Zurich
JAMES HECKMAN, University of Chicago
JOHN LIST, University of Maryland
Jan. 8, 10:15 am
AEA
The Whats and Whys of the 2004 Presidential Election (D7)
Presiding: RAY FAIR, Yale University
DEAN KARLAN, Princeton University—Voting Alone? Evidence on Social Spillovers in Voter Mobilization Efforts
JUSTIN WOLFERS, University of Pennsylvania, and ERIC ZITZEWITZ and ERIK SNOWBERG, Stanford University—Correlation vs. Causation in Prediction Markets and the 2004 Elections
KEITH CHEN, JONATHAN E. INGERSOLL, JR., EDWARD H. KAPLAN, Yale University—Do States Swing Together? Evidence from Political Prediction Markets
EDWARD MIGUEL, University of California-Berkeley—Iraq War Casualties and the 2004 U.S. Presidential Election
Discussants: BRIAN KNIGHT, Brown University
EBONYA WASHINGTON, Yale University
STEPHEN ANSOLABEHERE, Massachusetts Institute of Technology
ERIC ZITZEWITZ, Stanford University
Jan. 8, 10:15 am
AEA
The Roots of Innovation (O3)
Presiding: AUSTAN GOOLSBEE, University of Chicago
PHILIPPE AGHION, Harvard University, RACHEL GRIFFITH, University College, London, and PETER HOWITT, Brown University—Competition, Vertical Integration, Innovation and Growth
DARON ACEMOGLU, Massachusetts Institute of Technology, DAVID CUTLER, Harvard University, AMY FINKELSTEIN, and JOSHUA LINN, Massachusetts Institute of Technology—Medicare and Medical Innovation
AUSTAN GOOLSBEE, University of Chicago—Intellectual Property and the Supply of New Music
JOSHUA LERNER, PARAG PATHAK, Harvard Business School, and JEAN TIROLE, IDEI Toulouse—Contributors to Open Source
Discussants: SAM KORTUM, University of Minnesota
MARK DUGGAN, University of Maryland
JOEL WALDFOGEL, University of Pennsylvania
SHANE GREENSTEIN, Northwestern University
Jan. 8, 10:15 am
AEA
Reforming the Global Reserve System: Efficiency, Equity, and Stability
Presiding: KENNETH FROOT, Harvard Business School
DANI RODRIK, Harvard University—The Social Cost of Foreign Exchange Reserves
JEFFREY FRANKEL, Harvard University and MENZIE CHINN, University of Wisconsin—Will the Euro Surpass the Dollar as Leading International Reserve Currency?
BRUCE GREENWALD and JOSEPH STIGLITZ, Columbia University—Restructuring the International Reserve Architecture
Discussants: KENNETH FROOT, Harvard Business School
ROBERT HORMATS, Goldman Sachs
HÉLÈNE REY, Princeton University
Jan. 8, 10:15 am
AEA
German Reunification: Lessons and Legacy
Presiding: OLIVIER BLANCHARD, Massachusetts Institute of Technology
MICHAEL BURDA, Humboldt University, Berlin and CEPR—What Kind of Shock Was It? Regional Integration of Eastern Germany after Unification
DENNIS SNOWER and CHRISTIAN MERKL, Institut für Weltwirtschaft, Kiel—The Caring Hand That Cripples: The East German Labor Market After Reunification
HARALD UHLIG, Humboldt University, Berlin and CEPR—Regional Labor Markets, Network Externalities and Migration: the Case of German Reunification
Discussants: HANS-WERNER SINN, CESifo and University of Munich
NICOLA FUCHS-SCHUENDELM, Harvard University
CLAUDIA BUCH, University of Tübingen
Jan. 8, 10:15 am
AEA
Computer Assisted Instruction: New Resources and Directions (A2)
Presiding: TOD S. PORTER, Youngstown State University
INNA POMORINA and JESSICA LINCOLN, University of Bristol, United Kingdom—New Developments in the UK Economics Network
REBECCA TAYLOR, Nottingham Trent University—Mathematics for Economics: Enhancing Teaching and Learning (METAL)
WINFRIED REISS, University of Paderborn—Dynamics and E-Learning
Discussants: KIM SOSIN, University of Nebraska-Omaha
STEVEN MYERS, University of Akron
Jan. 8, 10:15 am
AEA/ACAES
European and Asian Integration: Trade and Monetary Issues
Presiding: SEIJI F. NAYA, East-West Center, and MICHAEL G. PLUMMER, Johns Hopkins University
PETER A. PETRI, Brandeis University—The Re-emerging East Asian Trading Bloc
ROLF LANGHAMMER and RAINER SCHWEICKERT, Kiel Institute for World Economics—EU Integration and Its Implications for Asian Economies
REID CLICK, George Washington University—On the Composition of Asian Central Bank Reserves: Will the Euro Replace the Dollar?
MICHAEL G. PLUMMER, Johns Hopkins University—The ASEAN Economic Community and the European Experience
Discussants: RICHARD HOOLEY, University of Pittsburgh
STEVEN HUSTED, University of Pittsburgh
RICHARD POMFRET, University of Adelaide
MORDECHAI KREININ, Michigan State University
Jan. 8, 10:15 am
AEA/TPUG
Regulation and Antitrust in a Deregulating Telecommunications Industry
Presiding: JOHN W. MAYO, Georgetown University
ROGER NOLL, Stanford University—Is Substituting Competition for Regulation Still Feasible after Trinko?
TIMOTHY BRENNAN, University of Maryland-Baltimore County—Trinko versus Baxter: The Demise of U.S. v. AT&T
MICHAEL R. WARD, University of Texas-Arlington, and GLENN A. WOROCH, University of California-Berkeley—Fixed-Mobile Telephone Subscription: Substitution in the U.S.
SCOTT WALLSTEN, AEI-Brookings Joint Center for Regulatory Studies—Broadband Penetration: An Empirical Analysis of State and Federal Policies
Discussants: PAUL JOSKOW, Massachusetts Institute of Technology
ROBERT MAJURE, U.S. Department of Justice
THOMAS LYON, University of Michigan
Jan. 8, 1:00 pm
AEA
External Adjustment
Presiding: PAOLO PESENTI, Federal Reserve Bank of New York (F3)
DAVID BACKUS, GIAN LUCA CLEMENTI, and FREDERIC LAMBERT, New York University—Current Account Fact and Fiction
PHILIP LANE, Trinity College, Dublin, and GIAN MARIA MILESI-FERRETTI, International Monetary Fund—The Dynamics of External Imbalances: A Portfolio Approach
PIERRE-OLIVIER GOURINCHAS, University of California-Berkeley, and HÉLÈNE REY, Princeton University—The Intertemporal Approach to the Financial Account
POL ANTRÀS, Harvard University, MIHIR DESAI, and FRITZ FOLEY, Harvard Business School—FDO Flows and Multinational Firm Activity
Discussants: PAOLO PESENTI, Federal Reserve Bank of New York
OLIVIER BLANCHARD, Massachusetts Institute of Technology
FABRIZIO PERRI, New York University
GITA GOPINATH, University of Chicago
Jan. 8, 1:00 pm
AEA
Land Rights and Social Security in China (Q1)
Presiding: BAOHONG SUN, Carnegie Mellon University
KLAUS DEININGER, SONGQIN JIN, World Bank, and SCOTT ROZELLE, University of California-Davis—Dynamics of Legal Change in a Decentralized Setting
JAMES WEN, Trinity College—China's Rural Land Tenure System, Insecure Rental Market, and Full-Time Farmers' Worsening Relative Income
SHENGGEN FAN, International Food Policy Research Institute, XIAOPENG
LUO, Guizhou University LI XING, International Center for Agricultural
and Rural Development, Chinese
Academy of Agricultural Sciences, and XIAOBO ZHANG, International Food
Policy Research Institute—Village
Inequality in Western China
XIAOBO ZHANG, International Food Policy Research Institute—Asymmetric Property Rights in China's Economic Growth
Discussants: YANG YAO, Peking University
XIAOPENG LUO, Guizhou University
SCOTT ROZELLE, University of California-Davis
XIAO-YUAN DONG, University of Winnipeg
Jan. 8, 1:00 pm
AEA
Behavioral Labor Economics
Presiding: LAWRENCE KATZ, Harvard University
HENRY FARBER, Princeton University—Reference-Dependent Preferences and Labor Supply: The Case of New York City Taxi Drivers
ERNST FEHR, University of Munich—Behavioral Effects of Minimum Wages
JOSHUA LERNER, Harvard University, and ULRIKE MALMENDIER, Stanford University—Mecca or Mirage? The Determinants and Outcomes of Entrepreneurship of Recent Harvard Business Graduates
MARIANNE BERTRAND, University of Chicago, BORIS GROYSBERG, Harvard University, and FRANK YU, University of Chicago—How Women Compete in a Man’s World: A Study of Financial Analysts
Discussants: COLIN CAMERER, California Institute of Technology
ALAN KRUEGER, Princeton University
DAVID BLANCHFLOWER, Dartmouth College
MURIEL NIEDERLE, Stanford University
Jan. 8, 1:00 pm
AEA
Climate, Technology and the Economy
Presiding: CHARLES KOLSTAD, University of California-Santa Barbara
KEVIN SIMMONS, Austin College, and DANIEL SUTTER, University of Oklahoma—The Benefits and Costs of NEXRAD Weather Radar
BRADLEY EWING, SCOTT HEIN, Texas Tech University, and JAMIE KRUSE, East Carolina University—Insurer Stock Price Responses to Hurricane Floyd: An Event Study Analysis Using Storm Characteristics
LEOPOLDO SOTO ARRIAGADA, University of California-Santa Barbara—Optimal Crop Choice: Farmer Adaptation to Climate Change
GREGORY DOW, NANCY OLEWILER, and CLYDE REED, Simon Fraser University—The Transition to Agriculture: Climate Reversals, Population Density, and Technical Change
Discussants: SALLY KANE, National Science Foundation
PAUL KOVACS, Institute of Catastrophic Loss Reduction and University
of Western Ontario
MOLLY MACAULEY, Resources for the Future
RODNEY WEIHER, National Oceanic and Atmospheric Administration
Jan. 8, 1:00 pm
AEA
Children’s Human Capital
Presiding: LISA BARROW, Federal Reserve Bank of Chicago
JOYCE CHEN, Harvard University—Migration and Imperfect Monitoring: Implications for Intrahousehold Allocation
YOONYOUNG CHO, Korea Development Institute—Investment in Children’s Human Capital: Implications of PROGRESA
DEBORAH S. DEGRAFF, Bowdoin College, and DEBORAH LEVISON, University of Minnesota—Children’s Work and Mothers’ Work—What is the Connection?
JUSTINE S. HASTINGS, Yale University, THOMAS J. KANE, Harvard University, and DOUGLAS O. STAIGER, Dartmouth College—Gender and Performance: Evidence from School Assignment by Randomized Lottery
Discussants: CHRISTINA PAXSON, Princeton University
LANCE LOCHNER, University of Western Ontario
MARK PITT, Brown University
CECILIA ROUSE, Princeton University
Jan. 8, 1:00 pm
AEA
Understanding the Relationship between Education and Health (I1)
Presiding: MICHAEL GROSSMAN, City University of New York and NBER
DAMIEN DE WALQUE, World Bank—Education, Information, and Smoking Decisions: Evidence from Smoking Histories, 1940-2000
DANA GOLDMAN and DARIUS LAKDAWALLA, RAND—A Theory of Health Disparities and Medical Technology
DOUGLAS ALMOND, Columbia University, and BHASHKAR MAZUMDER, Federal Reserve Bank of Chicago—How Did Compulsory Schooling Reduce Mortality Risk among the Elderly?
Discussants: STEPHEN SNYDER, Lehigh University
ADRIANA LLERAS-MUNEY, Princeton University
RACHEL KRANTON, University of Maryland
Jan. 8, 1:00 pm
AEA
New Directions in Economic History
Presiding: AVNER GREIF, Stanford University
PETER TEMIN, Massachusetts Institute of Technology, and HANS-JOACHIM VOTH, Universitat Pompeu Fabra—Interest Rate Restrictions in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714
GARY LIBECAP, University of Arizona—Western Water Rights and Markets
RAN ABRAMITZKY, Stanford University—The Limits of Equality: Insights from the Israeli Kibbutz
Discussants: HUGH ROCKOFF, Rutgers University
MICHAEL GREENSTONE, Massachusetts Institute of Technology
DORA COSTA, Massachusetts Institute of Technology
Jan. 8, 1:00 pm
AEA
Explanations for Gaps between the Academic Achievement of Black Students and White Students (I2)
Presiding: RONALD FERGUSON, Harvard University
KRISTEN BUB, KATHLEEN McCARTNEY, RICHARD MURNANE, and JOHN WILLETT, Harvard University—Understanding Black-White Achievement Differences during Elementary School
ERIC HANUSHEK, Stanford University, and STEVEN RIVKIN, Amherst College—The Evolution of the Black-White Achievement Gap in Elementary and Middle Schools
CAROLINE HOXBY and GRETCHEN WEINGARTH, Harvard University—Is the Racial Gap in Achievement Really a Poverty Gap?
ERIC BETTINGER, Case Western Reserve University, and BRIDGET LONG, Harvard University—Peer Effects and Student Achievement: The Role of Race in the College Classroom
Discussants: THOMAS DEE, Swarthmore College
SANDRA BLACK, University of California-Los Angeles
RONALD FERGUSON, Harvard University
JAMES KEMPLE, Manpower Demonstration Research Corporation
Jan. 8, 1:00 pm
AEA
The New Economics of Retirement System Design and Structure (D1)
Presiding: OLIVIA MITCHELL, University of Pennsylvania
JULIE R. AGNEW, College of William and Mary—Personalized Retirement Advice and Managed Accounts: Who Uses Them and How Does It Affect Behavior in 401(k) Plans?
OLIVIA MITCHELL, University of Pennsylvania, GARRY MOTTOLA, STEVE UTKUS, Vanguard, and TAKESHI YAMAGUCHI, University of Pennsylvania—The Inattentive Participant: Portfolio Trading Behavior in 401(k) Plans
STEPHANIE AARONSON and JULIA CORONADO, Federal Reserve Board—Are Firms or Workers Behind the Shift Away from DB Pensions?
JAMES J. CHOI, XAVIER GABAIX, DAVID LAIBSON, Harvard University, and BRIGITTE MADRIAN, University of Pennsylvania—Why Does the Law of One Price Fail? An Experiment on Index Mutual Funds
Discussants: ROBERT CLARK, North Carolina State University
TERRY ODEAN, University of California-Berkeley
ZVI BODIE, Boston University
JEFFREY BROWN, University of Illinois-Urbana-Champaign
Jan. 8, 1:00 pm
AEA
Consumption Commitments (D8)
Presiding: RAJ CHETTY, University of California-Berkeley
ANDREW POSTLEWAITE, University of Pennsylvania, LARRY SAMUELSON, University of Wisconsin-Madison, and DAN SILVERMAN, University of Michigan—Consumption Commitments and Employment Contracts
STEPHEN SHORE and TODD SINAI, University of Pennsylvania—Commitment, Risk, and Consumption: Do Birds of a Feather Have Bigger Nests?
MARJORIE FLAVIN, University of California-San Diego, and SHINOBU NAKAGAWA, Bank of Japan—A Model of Housing in the Presence of Adjustment Costs: A Structural Interpretation of Habit Persistence
RAJ CHETTY and ADAM SZEIDL, University of California-Berkeley—Consumption Commitments and Risk Preferences
Discussants: TRUMAN BEWLEY, Yale University
NICOLA FUCHS-SCHUENDELN, Harvard University
MONIKA PIAZZESI, University of Chicago
ANNAMARIA LUSARDI, Dartmouth College
Jan. 8, 1:00 pm
AEA
The Monetary Policy Transmission Mechanism (E5)
Presiding: JAY SHAMBAUGH, Dartmouth College
JULIAN DI GIOVANNI, International Monetary Fund, and JAY SHAMBAUGH, Dartmouth College—The Impact of Foreign Interest Rates on the Economy: The Role of the Exchange Rate Regime
ADAM ASHCRAFT, Federal Reserve Bank of New York, and MURILLO CAMPELLO, University of Illinois—Borrowers’ Financial Constraints and the Transmission of Monetary Policy: Evidence from Financial Conglomerates
ROBERT CHIRINKO and CHRISTOPHER CURRAN, Emory University—Greenspan Shrugs: Formal Pronouncements, Bond Market Volatility, and Central Bank Communication
JACQUES MINIANE, International Monetary Fund, and JOHN ROGERS, Federal Reserve Board—Capital Controls and the Transmission of U.S. Monetary Shocks
Discussants: MENZIE CHINN, University of Wisconsin
SOYOUNG KIM, Korea University
JEREMY STEIN, Harvard University
KENNETH KUTTNER, Oberlin College
Jan. 8, 1:00 pm
AEA
War, Terrorism and Investors (G1)
Presiding: GEORGE BITTLINGMAYER, University of Kansas
MORTON NIELSEN, ASAF ZUSSMAN, Cornell University, and NOAM ZUSSMAN, Bank of Israel—Asset Market Perspectives on the Israeli-Palestinian Conflict
SAMER HAJ-YEHIA, Analysis Group—Terrorizing Consumers and Investors
JAMES BARTH, DONALD McCARTHY, TRIPHON PHUMIWASANA, and GLENN YAGO, Milken Institute—Financial Market Reactions to Disruptive Events: The Case of the Middle East
GEORGE BITTLINGMAYER, University of Kansas—Oil and Stocks: Is It War Risk?
Discussants: JUSTIN WOLFERS, University of Pennsylvania
JOACHIM VOTH, New York University and Massachusetts Institute of Technology
CLAUDE BERREBI, Princeton University and RAND
STEPHEN BROWN, Federal Reserve Bank of Dallas
Jan. 8, 1:00 pm
AEA
Interest Rates and Economic Fluctuations in Emerging Markets (F4)
Presiding: DIEGO VALDERRAMA, Federal Reserve Bank of San Francisco
VIVIAN Z. YUE, New York University—Sovereign Default and Debt Renegotiation
SYLVAIN LEDUC, Federal Reserve Board, and DIEGO VALDERRAMA, Federal Reserve Bank of San Francisco—Financial Frictions, Distribution Costs, and Current Account Crises
GALINA HALE, Yale University—Are Private Borrowers Hurt by Sovereign Debt Rescheduling?
Discussants: KATHERINE SMITH, U.S. Naval Academy
DAVID COOK, Hong Kong University of Science and Technology
DOIREANN FITZGERALD, University of California-Santa Cruz
Jan. 8, 1:00 pm
AEA/EPS
Economics and National Security (Roundtable) (H5)
Presiding: MICHAEL D. INTRILIGATOR, University of California-Los Angeles
PETER GALBRAITH, Center for Arms Control and Non-Proliferation
CARL KAYSEN, Massachusetts Institute of Technology
LAWRENCE R. KORB, Center for American Progress
RICHARD R. KAUFMAN, Economists for Peace and Security
GARETH PORTER, Foreign Policy in Focus
ROBERT M. SOLOW, Massachusetts Institute of Technology