Working Papers

This is the home of the Williams College Economics Department Working Paper Series.  Other economics working paper series at Williams include:

2014

2014-02 — Discovered Preferences for Risky and Non-Risky Goods Jason J. Delaney, Sarah A. Jacobson and Thorsten P. Moenig

2014-01 — Temporal Spillovers in Land Conservation Sarah Jacobson

2013

2013-20 — Can non-interest rate policies stabilize housing markets? Kenneth N. Kuttner and Illhyock Shim

2013-19 — Exams, Districts, and Intergenerational Mobility: Evidence from South Korea. Yong Suk Lee

2013-18 — The Composition of Exports and Human Capital Acquisition. Williams W. Olney

2013-17 — Temporal Spillover in Land Conservation. Sarah Jacobson

2013-16 — Staffing Subsidies and the Quality of Care in Nursing Homes. Andrew D. Foster and Yong Suk Lee.

2013-15 — Russian Peasants and Politicians: The Political Economy of Local Agricultural Support in Nizhnii Novgorod Province, 1864-1914. Steven Nafziger.

2013-14 — Russian Serfdom, Emancipation, and Land Inequality: New Evidence. Steven Nafziger.

2013-13 — Russian Inequality on the Eve of Revolution. Steven Nafziger and Peter Lindert.

2013-12 – How Inflation Affects Macroeconomic Performance: An Agent-Based Computational Investigation. Quamrul Ashraf, Boris Gershman, and  Peter Howitt

2013-11 – The Effect of Fertility Reduction on Economic Growth.  Quamrul H. Ashraf, David N. Weil, and Joshua Wilde

2013-10 — The “Out of Africa” Hypothesis, Human Genetic Diversity, and Comparative Economic Development.  Quamrul Ashraf and Oded Galor

2013-09 –Those Outsiders: How Downstream Externalities Affect Public Good Provision. Jason Delaney and Sarah Jacobson

2013-08 — Reallocating wealth? Insecure property rights and agricultural investment in rural China. Jessica Leight.

2013-07 — The New Safety Net? Supplemental Security Income after Welfare Reform. Lucie Schmidt.

2013-06 — New Evidence on Taxes and the Timing of Birth. Sara LaLumia, James M. Sallee and Nicholas Turner.

2013-05 – How Income Changes During Unemployment: Evidence from Tax Return Data. Laura Kawano and Sara LaLumia.

2013-04 — Impact of Corruption on Firm Level Export Decisions. William W. Olney.

2013-03 — Favor Trading in Public Good Provision. Sarah Jacobson and Ragan Petrie.

2013-02 — Payments or persuasion: norms, subsidies, and efficiency in a common pool resource experiment. Jason J. Delaney and Sarah A. Jacobson.

2013-01 — Tax Policy and Philanthropy: A Primer on the Empirical Evidence for the U.S. and its Implications. Jon Bakija.

2012

2012-07 — How do Immigrants Fare in Retirement. Purvi  Sevak and Lucie Schmidt

2012-06 – Educational Tracking, Residential Sorting, and Intergenerational Mobility. Yong Suk Lee

2012-05 – Estimating Heterogeneous Take-up and Crowd-Out Responses to Current Medicaid Limits and Their Nonmarginal Expansions. John Ham, Serkan Ozbeklik, and Lara Shore-Sheppard

2012-04 –  Culture Shocks and Consequences: the connection between the arts and urban economic growth. Peter Pedroni and Stephen Sheppard

2012-03 — Shock to the System: Prevention of Mother-to-Child Transmission of HIV and Child Mortality. Nicholas Wilson

2012-02 — The Good of the Few: Reciprocity in the Provision of a Public Bad.  Jason Delaney and Sarah Jacobson

2012-01 — Low Interest Rates and Housing Bubbles: Still No Smoking Gun.  Kenneth Kuttner

 

2011

2011-15 — Cultural Diversity, Geographical Isolation, and the Origin of the Wealth of Nations. Quamrul Ashraf and Oded Galor

2011-14 — Is Sex Like Driving? Risk Compensation Associated with Randomized Male Circumcision in Kisumu, Kenya. Nicholas Wilson, Wentao Xiong, and Christine Mattson

2011-13 — Remittances and the Wage Impact of Immigration.  William Olney

2011-12 — A Shared Sense of Responsibility: Money Versus Effort Contributions in the Voluntary Provision of Public Goods. Jared Carbone and Robert Gazzale

2011-11 – Child Mortality Risk and Fertility: Evidence from Prevention of Mother-to-Child Transmission of HIV. Nicholas Wilson

2011-10 — How Flexible Can Inflation Targeting Be and Still Work? Kenneth N. Kuttner and Adam S. Posen

2011-09 — Asymmetric Information and the Foreign-Exchange Trades of Global Custody Banks.  Carol Osler, Tanseli Savaser, and Thang Nguyen

2011-08 – The EITC, Tax Refunds, and Unemployment Spells. Sara LaLumia

2011-07 — Micro-Perspectives on Living Standards in Nineteenth-Century Russia.  Tracy Dennison and Steven Nafziger

2011-06 — Big BRICs, Weak Foundations: The Beginning of Public Elementary Education in Brazil, Russia, India, and China. Latika Chaudhary, Aldo Musacchio, Steven Nafziger, and Se Yan

2011-05 — The Value of Honesty: Empirical Estimates from the Case of the Missing Children. Sara LaLumia and James M. Sallee

2011-04 — Monetary Policy and Asset Price Volatility: Should We Refill the Bernanke-Gertler Prescription? Kenneth Kuttner

2011-03 — Banks, Market Organization, and Macroeconomic Performance: An Agent-Based Computational Analysis.  Quamrul Ashraf, Boris Gershman, and Peter Howitt

2011-02 — A Race to the Bottom? Employment Protection and Foreign Direct Investment.  William Olney

2011-01 –  Land and Law in Colonial India. Anand Swamy

 

2010

2010-23 — Antiretroviral Therapy and Demand for HIV Testing: Evidence from Zambia. Nicholas Wilson

2010-22 — Jobs and Income Growth of Top Earners and the Causes of Changing Income Inequality: Evidence from U.S. Tax Return Data. Jon Bakija, Adam Cole, and Bradley Heim

2010-21 –  Economic Booms and Risky Sexual Behavior: Evidence from Zambian Copper Mining Cities. Nicholas Wilson

2010-20 — Identity and Mobility: Historical Fractionalization, Parochial Institutions, and Occupational Choice in the American Midwest. Kaivan Munshi and Nicholas Wilson

2010-19 — Favor Trading in Public Good Provision.  Sarah Jacobson and Ragan Petrie

2010-18 — Real Exchange Rates, Saving and Growth: Is there a Link? Peter J. Montiel and Luis Servén

2010-17 — Do Worker Remittances Reduce Output Volatility in Developing Countries? Ralph Chami, Dalia Hakura, and Peter Montiel

2010-16 — Globalization and Investment in Human Capital.  Daniel C. Hickman and William W. Olney

2010-15 — The Great Recession, ‘Rainy Day’ Funds, and Countercyclical Fiscal Policy in Latin America.  Eduardo Fernández-Arias and Peter Montiel.

2010-14 — Monetary Transmission in Low Income Countries. Prachi Mishra, Peter J. Montiel, and Antonio Spilimbergo

2010-13 — Remittances and Institutions: Are Remittances a Curse? Yasser Abdih, Ralph Chami, Jihad Dagher, and Peter Montiel

2010-12 — Workers’ Remittances and the Equilibrium Real Exchange Rate: Theory and Evidence.  Adolfo Barajas, Ralph Chami, Dalia Hakura, and Peter Montiel

2010-11 — Do Firms Respond to Immigration? William W. Olney

2010-10 — Offshoring, Immigration, and the Native Wage Distribution.  William W. Olney

2010-09 — Tax Preferences for Higher Education and Adult College Enrollment.  Sara LaLumia

2010-08 — Commitment and Conquest: The Case of British Rule in India.  Mandar Oak and Anand Swamy

2010-07 — Web Appendix to: How Does Charitable Giving Respond to Incentives and Income? New Estimates from Panel Data.  Jon Bakija and Bradley Heim.  (Associated paper available here)

2010-06 — Marriage Meets the Joneses: Relative Income, Identity, and Marital Status. Tara Watson and Sara McLanahan

2010-05 — Local Fiscal Policies and Urban Wage Structures.  Patricia Beeson, Lara Shore-Sheppard, and Tara Watson

2010-04 — Global Climate Change and the Resurgence of Tropical Disease: An Economic Approach.  Douglas Gollin and Christian Zimmermann

2010-03 — Implementation of Monetary Policy: How Do Central Banks Set Interest Rates? Benjamin Friedman and Kenneth Kuttner

2010-02 — The Climatic Origins of the Neolithic Revolution: Theory and Evidence. Quamrul Ashraf and Stelios Michalopoulos

2010-01 – Dynamics and Stagnation in the Malthusian Epoch. Quamrul Ashraf and Oded Galor

2009

2009-07 — The Earned Income Tax Credit and Reported Self-Employment Income.  Sara LaLumia

2009-06 — Safe and Sound Banking: A Role for Countercyclical Regulatory Requirements? Gerard Caprio

2009-05 — Financial Regulation in a Changing World: Lessons from the Recent Crisis. Gerard Caprio

2009-04 — Isolation and Development. Quamrul Ashraf, Oded Galor, and Omer Ozak

2009-03 — Learning to Play Nash from the Best. Robert Gazzale

2009-02 — Ambiguous Solicitation: Ambiguous Prescription. Robert Gazzale, Julian Jamison, Alexander Karlan, Dean Karlan

2009-01 — Behavioral Biases in Annuity Choice: An Experiment. Robert Gazzale, Lina Walker

2008

2008-23 — Democracy Under the Tsars? The Case of the Zemstvo. Steven Nafziger

2008-22 — Remain Silent and Ye Shall Suffer: Seller Exploitation of Reticent Buyers in an Experimental Reputation System. Robert Gazzale, Tapan Khopkar

2008-21 — Pension Freezes and Household Saving Over the Life Cycle. David Love, Paul Smith

2008-20 — Animal genetic resource trade flows: Economic assessment. Douglas Gollin, Eric Van Dusen, Harvey Blackburn

2008-19 — Labour’s Share of Income. Douglas Gollin

2008-18 — Equipping Immigrants: Migration Flows and Capital Movements. Fabian Lange, Douglas Gollin

2008-17 — Malaria: Disease Impacts and Long-Run Income Differences. Douglas Gollin, Christian Zimmermann

2008-16 — Taxes, Wages, and the Labor Supply of Older Americans. Lucie Schmidt, Purvi Sevak

2008-15 — Understanding the Flattening Phillips Curve. Kenneth Kuttner, Tim Robinson

2008-14 — Economic Research Citations at Liberal Arts Colleges. Peter Pedroni, Stephen Sheppard

2008-13 — The Effect of Marital Status and Children on Savings and Portfolio Choice. David Love

2008-12 — A New Look at the Wealth Adequacy of Older U.S. Households. David Love, Paul Smith, Lucy McNair

2008-11 — Does Health Affect Portfolio Choice? David Love, Paul Smith

2008-10 — The Trajectory of Wealth in Retirement. David Love, Michael Palumbo, Paul Smith

2008-09 — Bank Regulations Are Changing: But For Better or Worse? James Barth, Gerard Caprio, Ross Levine

2008-08 — The 2007 Meltdown in Structured Securitization: Searching for Lessons not Scapegoats. Gerard Caprio, Aslı Demirgüç-Kunt, Edward Kane

2008-07 — Banking Crises. Gerard Caprio, Patrick Honohan

2008-06 — Does Marriage Really Mattter? Investments in Prenatal Care and Birth Outcomes. Alison Jacknowitz, Lucie Schmidt

2008-05 — Utilization of Infertility Treatments: The Effects of Insurance Mandates. Marianne Bitler, Lucie Schmidt

2008-04 — Cosigners as Collateral. Stephan Klonner and Ashok Rai

2008-03 — Borrower Runs. Philip Bond, Ashok Rai

2008-02 — Extreme Returns without News: A Microstructural Explanation. Carol Osler, Tanseli Savaser

2008-01 — How Does Charitable Giving Respond to Incentives and Income? New Estimates from Panel Data. Jon Bakija and Bradley Heim (Revised final version, June 2011; supplementary web appendix available here).

2007

2007-07 — Micro-Perspectives on 19th-century Russian Living Standards. Tracy Dennison, Steven Nafziger

2007-06 — Only Twice As Much: A Rule for Regulating Lenders. Mandar Oak, Anand Swamy

2007-05 — Do Markets Care Who Chairs the Central Bank? Kenneth Kuttner, Adam Posen

2007-04 — Why Do Firms Offer Risky Defined Benefit Pension Plans? Davd Love, Paul Smith, David Wilcox

2007-03 — Risk Preferences and the Timing of Marriage and Childbearing. Lucie Schmidt

2007-02 — Exchange Rate Response to Macro News: Through the Lens of Microstructure. Tanseli Savaser

2007-01 — Adverse Selection in Credit Markets: Evidence from a Policy Experiment. Stefan Klonner and Ashok Rai

2006

2006-06 — Gender, Marriage, and Asset Accumulation in the United States. Lucie Schmidt and Purvi Sevak

2006-05 — Contracts, Hold-Up, and Exports: Textiles and Opium in Colonial India. Rachel Kranton and Anand Swamy

2006-04 — Health Disparities and Infertility: Impacts of State-Level Insurance Mandates. Marianne Bitler and Lucie Schmidt

2006-03 — Reconciling the Returns to Education in Off-Farm Wage Employment in Rural China. Alan de Brauw and Scott Rozelle

2006-02 — Documentation for a Comprehensive Historical U.S. Federal and State Income Tax Calculator Program. Jon Bakija (Revised version, August 2009)

2006-01 — Habermas’s Theory of Communicative Action and the Theory of Social Capital. Roger Bolton

2005

2005-08 –  Timing vs. Long-run Charitable Giving Behavior: Reconciling Divergent Approaches and Estimates. Jon Bakija and Rob McClelland

2005-07 — Effects of Infertiltiy Insurance Mandates on Fertility. Lucie Schmidt

2005-06 — Stemming the Tide? The Effect of Expanding Medicaid Eligibility on Health Insurance. Lara Shore-Sheppard

2005-05 — Migrant Opportunity and the Educational Attainment of Youth in Rural China. Alan de Brauw and John Giles

2005-04 — Robust Unit Root and Cointegration Rank Tests for Panels and Large Systems. Peter Pedroni and Tim Vogelsang

2005-03 — Regional Income Divergence in China. Peter Pedroni and James Yudong Yao

2005-02 — Public Health Investments and the Infant Mortality Gap: Evidence from Federal Sanitation Interventions on U.S. Indian Reservations. Tara Watson

2005-01 — System Design, User Cost and Electronic Usage of Journals. Robert Gazzale and Jeffrey MacKie-Mason

2004

2004-17 — Capitalising the Value of Free Schools: The Impact of Land Supply Constraints. Paul Cheshire and Stephen Sheppard

2004-16 — Conservation Behavior: From Voluntary Restraint to a Voluntary Price Premium. Matthew Kotchen and Michael Moore

2004-15 — Panel Cointegration: Asymptotic and Finite Sample Properties of Pooled Time Series Tests with an Application to the PPP Hypothesis. Peter Pedroni

2004-14 — Working Until Dropping: Employment Behavior of the Elderly in Rural China. Lihua Pang, Alan de Brauw and Scott Rozelle

2004-13 — Do Maternal Investments in Human Capital Affect Children’s Academic Achievement? Quinn Moore and Lucie Schmidt

2004-12 — Do the Rich Flee from High State Taxes? Evidence from Federal Estate Tax Returns. Jon Bakija and Joel Slemrod

2004-11 — Transmission of External and Internal Shocks In Argentina During The Convertibility Period. Some Empirical Findings From VARs. Chris Geiregat

2004-10 — Seasonal Migration and Improving Living Standards in Vietnam. Alan de Brauw and Tomoko Harigaya

2004-09 — Are the new and old EU countries financially integrated? Tomas Dvorak and Chris Geiregat

2004-08 — Cosigned or Group Loans. Philip Bond and Ashok S. Rai

2004-07 — Private Provision of Environmental Public Goods: Household Participation in Green-Electricity Programs. Matthew Kotchen and Michael Moore

2004-06 — Explaining The Appearance and Success of Voter Referenda For Open-Space Conservation. Matthew Kotchen and Shawn Powers

2004-05 — The Impact of Rent Controls in Non-Walrasian Markets: An Agent-Based Modeling Approach. Ralph Bradburd, Stephan Sheppard, Joseph Bergeron and Eric Engler

2004-04 — The Effect of Infrastructure on Long Run Economic Growth. David Canning and Peter Pedroni

2004-03 — Social Capital, Barriers to Production and Capital Shares; Implications for the Importance of Parameter Heterogeneity from a Nonstationary Panel Approach. Peter Pedroni

2004-02 — When Does Learning in Games Genterate Convergence to Nash Equilibria? The Role of Supermodularity in an Experimental Setting. Yan Chen and Robert Gazzale

2004-01 — Improving Learning Performance by Applying Economic Knowledge. Christopher Brooks, Robert Gazzale, Jeffrey MacKie Mason, Edmund Durfee

2003

2003-18 — Charitable Bequests and Taxes on Inheritance and Estates: Aggregate Evidence from Across States and Time. Jon Bakija, William Gale, and Joel Slemrod

2003-17 — Mega-Sporting Events in Developing Nations: Playing the Way to Prosperity? Victor A. Matheson and Robert A. Baade

2003-16 — In Search of a Fair Bet in the Lottery. Victor A. Matheson and Kent Grote

2003-15 — Super Bowl or Super (Hyper)Bole? Assessing the Economic Impact of America’s Premier Sports Event. Robert A. Baade and Victor A. Matheson

2003-14 — Research Note: Contrary Evidence on the Economic Impact of the Super Bowl on the Victorious City. Victor A. Matheson

2003-13 — The Paradox of Championships “Be Careful, Sports Fans, What You Wish For.” Robert A. Baade and Victor A. Matheson

2003-12 — The Death-Effect on Collectible Prices. Victor A. Matheson and Robert A. Baade

2003-11 — The Measurement of Medicaid Coverage in the SIPP: Evidence from a Comparison of Matched Records. David Card, Andrew Hildreth, and Lara Shore-Sheppard

2003-10 — The Effect of Medicaid Expansions for Low-Income Children on Medicaid Participation and Private Insurance Coverage: Evidence from the SIPP. John Ham and Lara Shore-Sheppard

2003-09 — Using Discontinuous Eligibility Rules to Identify the Effects of the Federal Medicaid Expansions on Low Income Children. David Card and Lara Shore-Sheppard

2003-08 — Did Expanding Medicaid Affect Welfare Participation? John Ham and Lara Shore-Sheppard, NBER Working Paper #9803

2003-07 — Sometimes Close is Good Enough: The Value of Nearby Environmental Amenities. Lucie Schmidt and Paul N. Courant

2003-06 — Impure Public Goods and the Comparative Statics of Environmentally Friendly Consumption. Matthew J. Kotchen

2003-05 — Green Markets and Private Provision of Public Goods. Matthew J. Kotchen

2003-04 — The Character and Determinants of Corporate Capital Gains. Mihir A. Desai and William M. Gentry

2003-03 — What Can We Learn About the Sensitivity of Investment to Stock Prices with a Better Measure of Tobin’s q? William M. Gentry and Christopher J. Mayer

2003-02 — Are Women Taking Over the Farm in China? Alan de Brauw

2003-01 — Household Investment through Migration in Rural China. Alan de Brauw and Scott Rozelle

 

2002

2002-09 — The Role of Agriculture in Development. Douglas Gollin, Stephen Parente and Richard Rogerson

2002-08 — Farm Work, Home Work and International Productivity Differences. Douglas Gollin, Stephen Parente and Richard Rogerson

2002-07 — The Green Revolution: An End of Century Perspective. R.E. Evenson and Douglas Gollin

2002-06 — Nobody’s Business by My Own: Self Employment and Small Enterprise in Economic Development. Douglas Gollin

2002-05 — Sequencing and the Success of Gradualism: Empirical Evidence from China’s Agricultural Reform. Alan de Brauw, Jikun Huang, and Scott Rozelle

2002-04 — Taxes Versus Regulation: The Welfare Impacts of Policies for Containing Sprawl. Paul Cheshire and Stephen Sheppard

2002-03 — AFDC, SSI, and Welfare Reform Aggressiveness: Caseload Reductions vs. Caseload Shifting. Lucie Schmidt and Purvi Sevak

2002-02 — The Welfare Implications of Increasing Disability Insurance Benefit Generosity. John Bound, Julie Berry Cullen, Austin Nichols and Lucie Schmidt NBER Working Paper #9155

2002-01 — Model Selection in an Information Economy: Choosing what to Learn. Christopher Brooks, Robert Gazzale, Rajarshi Das, Jeffrey Kephart, Jeffrey MacKie-Mason, Edmund Durfee

2001

2001-15 — Carbon Taxation when Climate Affects Productivity.  William K. Jaeger (abstract only)

2001-14 — Economic Growth and Environmental Resource Allocation.  William K. Jaeger and Van Kolpin (abstract only)

2001-13 — Setting Environmental Taxes in a Second-Best World. William K. Jaeger (abstract only)

2001-12 — Environmental and Distortionary Taxes: Comment.  William K. Jaeger (abstract only)

2001-11 — Getting Income Shares Right. Douglas Gollin

2001-10 — Land Reform and the Political Organization of Agriculture. Jonathan H. Conning and James A. Robinson

2001-09 — Managing Economic Insecurity in Rural El Salvador: the role of asset ownership and labor market adjustments. Jonathan Conning, Pedro Olinto and Alvaro Trigueros

2001-08 — Latifundia Economics. Jonathan Conning

2001-07 — Gross Capital Flows and Asymmetric Information. Tomas Dvorak

2001-06 — Reform and Growth in Latin America: All Pain, No Gain? Peter Montiel and Eduardo Fernandez-Arias

2001-05 — Post-Crisis Exchange Rate Policy in Five Asian Countries: Filling in the “Hollow Middle”? Peter Montiel and Leonardo Hernandez

2001-04 — Do Domestic Investors Have an Information Advantage? Evidence from Indonesia Tomas Dvorak

2001-03 — The Welfare Economics of Land Use Planning. Paul Cheshire and Stephen Sheppard

2001-02 — The Impact of Public Health Insurance on Labor Market Transitions. John Ham and Lara Shore-Sheppard

2001-01 — Purchasing Power Parity Tests in Cointegrated Panels. Peter Pedroni

2000

2000-11 — Taxation by Auction: Fund-Raising by 19th Century Indian Guilds. Arijit Sen and Anand V. Swamy

2000-10 — Gender and Corruption. Anand Swamy, Stephen Knack, Young Lee, and Omar Azfar

2000-09 — Community Based Targeting for Social Safety Nets. Jonathan Conning and Michael Kevane

2000-08 — Of Pirates and Moneylenders: Product Market Competition and the Depth of Lending relationships in a rural market in Chile. Jonathan Conning

2000-07 — Monitoring by Peers or by Delegates? Joint Liability Loans under Moral Hazard. Jonathan Conning

2000-06 — Distinguishing Transitory and Permanent Price Elasticities of Charitable Giving with Pre-Announced Changes in Tax Law. Jon Bakija

2000-05 — The Effect of Taxes on Portfolio Choice: Evidence From Panel Data Spanning The Tax Reform Act of 1986. Jon Bakija

2000-04 — The Effect of Local Fiscal Policies on Urban Wage Structure. Patricia Beeson, Lara Shore-Sheppard, and Christopher Briem

2000-03 — Fully Modified OLS for Heterogeneous Cointegrated Panels. Peter Pedroni

2000-02 — Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors. Peter Pedroni

2000-01 — Pricing and Bundling Electronic Information Goods: Field Evidence. Jeffrey MacKie-Mason, Juan Riveros, Robert Gazzale

For information on working papers before 2000, see the IDEAS pages for Williams College economics-related working paper series: