Allied Social Sciences Annual Meeting Program Schedule, January 4, 2008
Friday, January 4, 2008
Jan. 4, 8:00 am
AAEA
The Economics of More Flexible Approaches to Simultaneously Meeting Competing Water Demands of Irrigated Agriculture, Cities, and the Environment (Q2)
Presiding: JOHN LOOMIS, Colorado State University
FRANK WARD, New Mexico State University, MARY JO KEALY, CH2M-Hill, LEAH MANNING, Lower Colorado River Authority, and GARY GUY, San Antonio Water System--Least Cost Conservation Measures in Irrigated Agriculture to Sustain Urban and Environmental Water Demands
JAMES PRITCHETT and JENNIFER THORVALDSON, Colorado State University--Water as a Crop: An Investigation into Farmers' Willingness to Adopt Limited Irrigation Practices and Participate in Water Leasing
EDNA LOEHMAN, Purdue University, and JOHN LOOMIS, Colorado State University--Economic Efficiency Conditions for Balancing Optimum Instream Flow as a Public Good and Agricultural Uses of Water
Discussant: RONALD GRIFFIN, Texas A&M University
Jan. 4, 8:00 am
AEA
Firm Heterogeneity and International Trade
Presiding: KALA KRISHNA, Pennsylvania State University
ANDRES RODRIGUEZ CLARE, Pennsylvania State University, and SVETLANA DEMIDOVA, University of Georgia--Trade Policy, Endogenous Variety and Heterogenous Productivity
BEE-YAN ROBERTS, MARK ROBERTS, Pennsylvania State University, and DANIEL XU, New York University--Firm Heterogeneity and Export Activity: Investments in R&D of Taiwanese Firms
HIAU LOOI KEE, World Bank, and KALA KRISHNA, Pennsylvania State University--Trade Policy Differences and Firm Characteristics: Evidence from Bangladesh
Discussants: RICHARD BALDWIN, Graduate Institute of International Studies, Geneva
JAMES TYBOUT, Pennsylvania State University
JOSEPH FRANCOIS, Erasmus University Rotterdam
Jan. 4, 8:00 am
AEA
Better Living through Economics: I
Presiding: JOHN J. SIEGFRIED, Vanderbilt University
CHARLES PLOTT, California Institute of Technology--Using Economic Research to Improve the World We Live In
Discussants: DAN NEWLON, National Science Foundation
DANIEL HAMERMESH, University of Texas-Austin
ALAN BLINDER, Princeton University
Jan. 4, 8:00 am
AEA
The Economic Effects of Informal Care around the World (J2)
Presiding: COURTNEY VAN HOUTVEN, Duke University
NORMA COE, Tilburg University, and COURTNEY VAN HOUTVEN, Duke University--The Effect of Parental Caregiving on Adult Children's Health and Wealth
LAURA CRESPO, Centro de Estudios Monetarios y Financieros (CEMFI)--Caring for Parents and Employment Status of European Mid-Life Women
PIERRE-CARL MICHAUD, RAND Corporation, and AXEL HEITMUELLER, London Business School and Prime Minister's Strategy Unit--Informal Care and Employment in England: Evidence from the British Household Panel Survey
BERNARD VAN DEN BERG, Free University of Amsterdam, DENZIL FIEBIG, and JANE HALL, University of New South Wales--The Impact of Providing Informal Care on Self-Reported Well-Being
Discussants: LILIANA PEZZIN, Medical College of Wisconsin
GEMA ZAMARRO, Tilburg University
STEVEN STERN, University of Virginia
EDWARD C. NORTON, University of North Carolina-Chapel Hil
Jan. 4, 8:00 am
AEA
Relational Contracts and Transactional Efficiency (L1)
Presiding: CLAUDE MENARD, ATOM - University of Paris Pantheon - Sorbonne
ROBERT GIBBONS and REBECCA HENDERSON, Massachusetts Institute of Technology--What Do Managers Do? Suggestive Evidence and Potential Theories about Building and Managing Relational Contracts
CLAUDE MENARD, ATOM - University of Paris Pantheon-Sorbonne--The Governance of Interfirm Agreements: A Relational Contract Perspective
ESHIEN CHONG, CLAUDINE DESRIEUX, and STÉPHANE SAUSSIER, University Paris XI Sud--Relational Contracts in Public-Private Partnerships: A Point of View from Multi-Market Contacts
RICARD GIL, University California-Santa Cruz, and JEAN-MICHEL OUDOT, ATOM - University Paris Pantheon-Sorbonne--Contractual Completeness and Ex-post Efficiency: Trade-Offs between Ex-Ante and Ex-Post Costs in Contract Design
Discussants: SCOTT MASTEN, University of Michigan
STEVEN TADELIS, University of California-Berkeley
RICARD GIL, University of California-Santa Cruz
ERIC BROUSSEAU, University of Paris Nanterre
Jan. 4, 8:00 am
AEA
Technology Adoption in Developing Countries (O3)
Presiding: DEAN YANG, University of Michigan
TAVNEET SURI, Massachusetts Institute of Technology--Selection and Comparative Advantage in Technology Adoption
XAVIER GINE, World Bank, NAVA ASHRAF, Harvard University, and DEAN KARLAN, Yale University--Technology Adoption and Network Formation: Evidence from a Horticultural Credit and Export Program in Kenya
DEAN YANG, University of Michigan, and XAVIER GINE, World Bank--Insurance, Credit, and Technology Adoption: Field Experimental Evidence from Malawi
Discussants: HOYT BLEAKLEY, University of Chicago
RICHARD AKRESH, University of Illinois-Ubana-Champaign
REBECCA THORNTON, University of Michigan
Jan. 4, 8:00 am
AEA
Dynamic Tradeoffs in Health Care Decisions (I1)
Presiding: HANMING FANG, Yale University
JEROME ADDA, University College London, UK--Social Smoking versus Addiction
JOHN CAWLEY and FENG LIU, Cornell University--The Impact of Unemployment on Health Investments and Risky Behaviors
HANMING FANG and ALESSANDRO GAVAZZA, Yale University--Dynamic Inefficiencies in Health Care Markets
AHMED KHWAJA, Duke University, DAN SILVERMAN, University of Michigan, and FRANK SLOAN, Duke University--Time Preference, Time Discounting, and Smoking Decisions
Discussants: To be announced.
Jan. 4, 8:00 am
AEA
Asset Prices with Learning (G1)
Presiding: KLAUS ADAM, European Central Bank
TIMOTHY COGLEY, University of California-Davis, and THOMAS J. SARGENT, New York University--The Market Price of Risk and the Equity Premium: A Legacy of the Great Depression?
ATHANASIOS ORPHANIDES and MIN WEI, Federal Reserve Board--Evolving Macroeconomic Perceptions and the Term Structure of Interest Rates
AVIK CHAKRABORTY, University of Tennessee, and GEORGE EVANS, University of Oregon--Can Perpetual Learning Explain the Forward Premium Puzzle?
KLAUS ADAM, European Central Bank, ALBERT MARCET, CREI, Pompeu Fabra, IAB, and JUAN PABLO NICOLINI, Universidad Torcuato di Tella--Stock Market Volatility and Learning
Discussants: To be announced.
Jan. 4, 8:00 am
AEA
Marriage Markets: Theory and Empirics (J1)
Presiding: CHRISTOPHER FLINN, New York University
MARISTELLA BOTTICINI, Collegio Carlo Alberto, University of Torino, and Boston University--Social Norms and Demographic Shocks: Marriage Markets and Dowries in Medieval Tuscany
ZVIKA NEEMAN, ANDREW NEWMAN, and CLAUDIA OLIVETTI, Boston University--Are Working Women Good for Marriage?
EUGENE CHOO, University of Toronto, SHANNON SEITZ, Boston College, and ALOYSIUS SIOW, University of Toronto
DANIELA DEL BOCA, University of Torino, and CHRISTOPHER FLINN, New York University--Household Time Allocation and Modes of Behavior: A Theory of Sorts
Discussants: SHANNON SEITZ, Boston College
META BROWN, University of Wisconsin-Madison
DANIELA DEL BOCA, University of Torino
WILBERT VAN DER KLAAUW, Federal Reserve Bank of New York
Jan. 4, 8:00 am
AEA
The Economic Geography of Trade and Production (R1)
Presiding: STEPHEN REDDING, London School of Economics
GILLES DURANTON, University of Toronto, PIERRE-PHILIPPE COMBES, University of Aix-Marseille, LAURENT GOBILLON, Institut National d'Etudes Démographiques, DIEGO PUGA, Universitat Pompeu Fabra, and SÉBASTIEN ROUX, Institut National de la Statistique et des Etudes Economiques--The Productivity Advantages of Large Cities: Distinguishing Agglomeration from Firm Selection
STEPHEN REDDING, DANIEL STURM, London School of Economics, and NIKOLAUS WOLF, University of Warwick--History and Industry Location: Evidence from German Airports
GUY MICHAELS, London School of Economics--The Long-Term Consequences of Resource Based Specialization
ELEANOR DOYLE, University College Cork, Ireland, and IMMACULADA MARTINEZ-ZARZOSO, Universitaet-Goettingen, Germany--Productivity, Trade, and Institutional Quality: A Panel Analysis
Discussants: GIOVANNI PERI, University of California-Davis
DONALD DAVIS, Columbia University
JAMES HARRIGAN, Federal Reserve Bank of New York
Jan. 4, 8:00 am
AEA
New Evidence on the Great Moderation of U.S. Business Cycle Volatility (E3)
Presiding: GIORGIO PRIMICERI, Northwestern University
LUCA BENATI, European Central Bank, and PAOLO SURICO, Bank of England--VAR Analysis and the Great Moderation
JONAS FISHER, Federal Reserve Bank of Chicago, and MARTIN GERVAIS, University Western Ontario--First Time Home Buyers and Residential Investment Volatility
ZHENG LIU, Emory University, DANIEL WAGGONER, and TAO ZHA, Federal Reserve Bank of Atlanta--Macroeconomic Volatility and Monetary Policy Regimes
JESUS FERNANDEZ-VILLAVERDE, University of Pennsylvania, and JUAN RUBIO-RAMIREZ, Duke University--How Structural are Structural Parameters? Time-Varying Parameters and the Great Moderation
Discussants: MARC GIANNONI, Columbia University
JEFFREY CAMPBELL, Federal Reserve Bank of Chicago
MATTEO IACOVIELLO, Boston College
BENOIT MOJON, Federal Reserve Bank of Chicago
Jan. 4, 8:00 am
AEA
Neural Foundations of Simple Economic Decision Making (D1)
Presiding: ANTONIO RANGEL, Caltech
BRIAN KNUTSON, Stanford University, SCOTT RICK, Carnegie Mellon University, ELLIOTT WIMMER, Stanford University, DRAZEN PRELEC, Massachusetts Institute of Technology, and GEORGE LOEWENSTEIN, Carnegie Mellon University--Neural Predictors of Purchases
HILKE PLASSMAN, JOHN O'DOHERTY, and ANTONIO RANGEL, Caltech--The Neural Basis for the Computation of Decision Values in Simple Economic Choice
CRAIG FOX, SABRINA TOM, CHRISOPHER TREPEL, and RUSSELL POLDRACK, University of California-Los Angeles--Losses Loom Larger Than Gains on the Brain: The Neural Basis of Loss Aversion in Decision Making under Risk
DAVID LAIBSON, Harvard University, SAMUEL MCCLURE, Princeton University, DAN ARIELY, Massachusetts Institute of Technology, and JONATHAN COHEN, Princeton University--Neural Mechanisms Underlying Temptation and Control
Discussants: ALDO RUSTICHINI, University of Minnessota
Jan. 4, 8:00 am
AEA
Understanding School Performance (I2)
Presiding: RICHARD MURNANE, Harvard University
ERIC HANUSHEK, Stanford University, and STEVEN RIVKIN, Amherst College--School Quality and the Black-White Achievement Gap
TIMOTHY BESLEY, London School of Economics, and STEPHEN MACHIN, University College London--Are Public Sector CEOs Different? Leadership Wages and Performance in Schools
ANDREAS AMMERMUELLER, Centre for European Economic Research (ZEW), Germany, and PETER DOLTON, Royal Holloway College--Pupil-Teacher Gender Interaction Effects on Scholastic Outcomes in England and the USA
WIJI ARULAMPALAM, JEREMY SMITH, and ROBIN NAYLOR, University of Warwick--Student Performance and Class Attendance
Discussants: RICHARD MURNANE, Harvard University
Others to be announced.
Jan. 4, 8:00 am
AEA
A Historical Perspective on Money and Payment Systems (E4)
Presiding: NATHAN SUSSMAN, Hebrew University
STEPHEN QUINN, Texas Christian University, and WILLIAM ROBERDS, Federal Reserve Bank of Atlanta--The Evolution of Checks as a Means of Payment: A Historical Survey
ISABEL SCHNABEL, University of Mainz, and BONN HYUN SONG SHIN, Princeton University--The "Kipper- und Wipperzeit" and the Origin of Central Banks
VINCENT BIGNON, University of Paris 10 at Nanterre & Sciences-Po, and RICHARD DUTU, University of Waikato, New Zealand--Moneychangers and the Quality of Money
Discussants: To be announced.
Jan. 4, 8:00 am
AEA
Macroeconomic News and Financial Markets (E4)
Presiding: SAMUEL REYNARD, Swiss National Bank
PAOLO PASQUARIELLO, University of Michigan, and CLARA VEGA, Federal Reserve Board--The On-the-Run Liquidity Phenomenon
MAGNUS ANDERSSON, European Central Bank--Using Intraday Data to Gauge Financial Market Responses to Fed and ECB Monetary Policy Decisions
JOSHUA HAUSMAN, University of California-Berkeley, and JON WONGSWAN, Barclays Global Investors--Global Asset Prices and FOMC Announcements
ANGELO RANALDO and SAMUEL REYNARD, Swiss National Bank--Monetary Policy, Effectgs on Long-Term Rates and Stock Prices
Discussants: JEREMY GRAVELINE, University of Minnesota
ALAIN CHABOUD, Federal Reserve Board
MARCEL FRATZSCHER, European Central Bank
MICHAEL FLEMING, Federal Reserve Bank of New York
Jan. 4, 8:00 am
AEA
Job and Occupational Mobility
Presiding: GIUSEPPE MOSCARINI, Yale University
ILLOONG KWON, State University of New York-Albany, and EVA MEYERSSON MILGROM, Stanford University--Firm vs. Occupation in Labor Markets: A Cross Analysis of Wage, Mobility, and Promotion
ANA RUTE CARDOSO, IZA Bonn--Big Fish in Small Pond or Small Fish in Big Pond? An Analysis of Job Mobility
IOANA MARINESCU, University of Chicago--Separation Costs and Stochastic Productivity in a Matching Model of Job Turnover
GIUSEPPE MOSCARINI, Yale University, and FRANCIS VELLA, Georgetown University--Occupational Mobility and the Business Cycle
Discussants: FABIEN POSTEL-VINAY, University of Bristol
GUEORGUI KAMBOUROV, University of Toronto
Jan. 4, 8:00 am
AEA
Taxes and Factor Mobility
Presiding: ALICIA MENENDEZ, University of Chicago
PAUL BEAUDRY, University of British Columbia, CHARLES BLACKORBY, University of Warwick, and DEZSOE SZALAY, University of Warwick--Taxes and Employment Subsidies in Optimal Redistribution Programs
ROBERT CHIRINKO, University of Illinois-Chicago, and DANIEL WILSON, Federal Reserve Bank of San Francisco--Tax Competition and Factor Mobility: Evidence from the 50 U.S. States
MARCELLO ESTEVAO, International Monetary Fund--Institutions, Informality, and Wage Flexibility
DONALD ROBBINS, University of Antioquia, and DANIEL SALINAS, Dison Ruiz--The Impact of Payroll Taxes upon Employment, Wages, the Unemployment Rate and Informality: Theory and Simulations for Colombia
Discussants: JAMES HINES, University of Michigan
DAVID WILDASIN, University of Kentucky
Jan. 4, 8:00 am
AEA
Marriage and Motherhood in Developing Countries
Presiding: NANCY QIAN, Brown University
JORGE AGUERO and MINDY MARKS, University of California-Riverside--Motherhood and Female Labor Force Participation: Evidence from Infertility Shocks
MANISHA SHAH and RAJ ARUNACHALAM, University of Melbourne--Prostitutes and Brides
ADRIANA COMACHO, University de los Andes--Low Birth Weight and Pre-Term Babies: An Indirect Effect of Terrorist Attacks in Columbia
RAJEEV DEHEJIA, Tufts University and NBER, KATHLEEN BEEGLE, World Bank, and ROBERTA GATTI, World Bank and CPER--Bride Price and Child Labor: A Higher Price for Girls Who Work More?
Discussants: MARCUS RANGEL, University of Chicago
MICHELE TERTILT, Stanford University
ADRIANA LLERAS-MUNEY, Princeton University
ERIC EDMONDS, Dartmouth College
Jan. 4, 8:00 am
AEA
Assessment of Economics in U.S. High Schools and Undergraduate Programs
Presiding: WENDY A. STOCK, Montana State University
WILLIAM WALSTAD, University of Nebraska-Lincoln, and STEPHEN BUCKLES, Vanderbilt University--Major Findings from the First National Assessment of Educational Progress (NAEP) in Economics
WILLIAM WALSTAD, University of Nebraska-Lincoln, and KENNETH REBECK, St. Cloud State University--A New Edition and National Norming Data for the Test of Understanding in College Economics (TUCE)
GEORG SCHAUR, University of Tennessee-Knoxville, and WILLIAM BECKER, Indiana University--Assessment Practices and Trends in Undergraduate Economics Courses
Discussants: ALAN KRUEGER, Princeton University
WENDY A. STOCK, Montana State University
TISHA L. N. EMERSON, Baylor University
Jan. 4, 8:00 am
AFA
Private Security Issuance and the Going Private Decision
Presiding: HEITOR ALMEIDA, New York University
MATTHEW T. BILLETT, University of Iowa, MARK J. FLANNERY, University of Florida, and JON A. GARFINKEL, University of Iowa--Long-Run Underperformance Following External Finance Issues?
GORDON M. PHILLIPS, University of Maryland, and ARMANDO R. GOMES, Washington University-St. Louis--Why Do Public Firms Issue Private and Public Securities?
ARNOUD W.A. BOOT, University of Amsterdam, RADHAKRISHNAN GOPALAN, and ANJAN V. THAKOR, Washington University-St. Louis--Market Liquidity, Investor Participation and Managerial Autonomy: Why Do Firms Go Private?
SREEDHAR T. BHARATH and AMY K. DITTMAR, University of Michigan-Ann Arbor--
To Be Or Not to Be (Public)
Discussants: CHARLES HADLOCK, Michigan State University
MICHAEL HERTZEL, Arizona State University
DANIEL FERREIRA, London School of Economics & Political Science
EKKEHART BOEHMER, Texas A&M University
Jan. 4, 8:00 am
AFA
Risks and Risk Compensation in Asset Markets
Presiding: RAVI BANSAL, Duke University
RAVI JAGANNATHAN, Northwestern University, HITOSHI TAKEHARA, University of Tsukuba, and YONG WANG, Hong Kong Polytechnic University--Calendar Cycles, Infrequent Decisions and the Cross Section of Stock Returns
GIL SADKA, Columbia University, RONNIE SADKA, University of Washington, and RAY BALL, University of Chicago--Aggregate Earnings and Asset Prices
HUAFENG (JASON) CHEN, MARCIN T. KACPERCZYK, and HERNAN ORTIZ-MOLINA, University of British Columbia--Labor Unions and Expected Stock Returns
ROBERT D. ARNOTT, JASON C. HSU, Research Affiliates, LLC, JUN LIU, and HARRY MARKOWITZ, University of California-San Diego--Does Noise Create Size and Value Effects?
Discussants: DANA KIKU, University of Pennsylvania
ROBERT DITTMAR, University of Michigan-Ann Arbor
HENGJIE AI, Duke University
AMIR YARON, University of Pennsylvania
Jan. 4, 8:00 am
AFA
Corporate Fraud
Presiding: ANIL SHIVDASANI, University of North Carolina-Chapel Hill
XIAODING LIU and JAY R. RITTER, University of Florida--
Corporate Executive Bribery: an Empirical Analysis
JONATHAN M. KARPOFF, University of Washington, D. SCOTT LEE, and GERALD S. MARTIN, Texas A&M University--The Consequences to Managers for Financial Misrepresentation
JOHN M. BIZJAK, Portland State University, MICHAEL L. LEMMON, University of Utah and RYAN J. WHITBY, Texas Tech University--Option Backdating and Board Interlocks
Discussants: MICHELLE LOWRY, Pennsylvania State University
ADAIR MORSE, University of Chicago
URS PEYER, INSEAD
Jan. 4, 8:00 am
AFA
Bank Capital Requirements and the Business Cycle
Presiding: VIRAL ACHARYA, London Business School
RAFAEL REPULLO and JAVIER SUAREZ, Centro de Estudios Monetarios y Financieros (CEMFI)--The Procyclical Effects of Basel II
DIANA HANCOCK, Federal Reserve Board, JOE PEEK, University of Kentucky, and JAMES A. WILCOX, University of California-Berkeley--The Repercussions on Small Banks and Small Businesses of Procyclical Bank Capital and Countercyclical Loan Guarantees
CHRISTOPHE PERIGNON, HEC Paris, and DANIEL R. SMITH, Simon Fraser University--The Level and Quality of Value-at-Risk Disclosure by Commercial Banks
EBERHARD FEESS, University of Applied Sciences and Technology Aachen (RWTH Aachen), and ULRICH HEGE, HEC Paris--The Basel II Accord: Internal Ratings and Bank Differentiation
Discussants: ANDREW WINTON, University of Minnesota-Twin Cities
PHILIP STRAHAN, Boston College
ANTHONY SAUNDERS, New York University
TANJU YORULMAZER, New York University
Jan. 4, 8:00 am
AFA
Advances in Portfolio Theory
Presiding: JESSICA WACHTER, University of Pennsylvania
JAKSA CVITANIC, California Institute of Technology, LEVON GOUKASIAN, Pepperdine University, and FERNANDO ZAPATERO, University of Southern California--Optimal Risk Taking With Flexible Income
ANDREA BURASCHI, Imperial College London, PAOLO PORCHIA, and FABIO TROJANI, University of St. Gallen--Correlation Risk and Optimal Portfolio Choice
PETER C. SCHOTMAN and FRANK LUTGENS, University of Maastricht--Predictability-Robust Dynamic Portfolio Choice
HONG LIU, Washington University-St. Louis, and MARK LOEWENSTEIN, University of Maryland--Optimal Portfolio Selection with Transaction Costs and 'Event Risk'
Discussants: VICKY HENDERSON, University of Warwick
MICHAEL JOHANNES, Columbia University
ZHENYU WANG, Federal Reserve Banks
FRANCIS LONGSTAFF, University of California-Los Angeles
Jan. 4, 8:00 am
AREUEA
Mortgage Risk Valuation (G1)
Presiding: JAMES R. FOLLAIN, James R. Follain LLC
MAN CHO, KDI School, CHRISTIAN DERITIS, and ERIC ROSENBLATT, Fannie Mae--Appraisal Bias and Loan Performance: New Evidences
JAMES FOLLAIN, James R. Follain LLC, and MIKE SKLARZ, New City Technology LLC--Evaluating Mortgage Performance with Public Records Data: Why, What, and How
RAPHAEL BOSTIC, University of Southern California, KATHLEEN ENGEL, Cleveland State University, PATRICIA MCCOY, University of Connecticut, and ANTHONY PENNINGTON-CROSS, Marquette University--State and Local Anti-Predatory Lending Laws: The Effects of Assignee Liability and Legal Remedies
KERRY D. VANDELL, University of California-Irvine--Subprime Lending and the Housing Bubble: Tail Wags Dog?
Discussants: TYLER YANG, IFE Group
MARK BEARDSELL, Citigroup
KAREN PENCE, Federal Reserve Board
JESSE ABRAHAM, Wells Fargo Home Mortgage
Jan. 4, 8:00 am
AREUEA
Urban Areas (R0)
Presiding: JANET KOHLHASE, University of Houston
MORRIS DAVIS and FRANCOIS ORTALO-MAGNE, University of Wisconsin--Amenities as TFP and the Factor of Four
JOEL A. ELVERY, Bureau of Labor Statistics--City Size and Skill Intensity
YAN CHANG and NELA RICHARDSON, Freddie Mac--Determinants of Equity Extraction
STUART S. ROSENTHAL, Syracuse University, and WILLIAM C. STRANGE, University of Toronto--Female Entrepreneurship, Agglomeration, and a New Spatial Mismatch
Discussants: ELENA SAFIROVA, Resources for the Future
ALBERT SAIZ, University of Pennsylvania
NANCY WALLACE, University of California-Berkeley
JOHN QUIGLEY, University of California-Berkeley
Jan. 4, 8:00 am
AREUEA
Commercial Real Estate Finance (G2)
Presiding: TIMOTHY J. RIDDIOUGH, University of Wisconsin-Madison
ANTHONY SANDERS, Ohio State University, YONGHENG DENG, University of Southern California, and STUART GABRIEL, University of California-Los Angeles--Commercial Real Estate CDOs and the Pricing of CMBS
DANNY BEN-SHAHAR, Technion - Israel Institute of Technology, EYAL SULGANIK, and EFRAT TOLKOWSKY, Tel Aviv University--Recourse and Non-recourse Mortgage Loans: A Theoretical Analysis Under Asymmetric Information
JUN CHEN, Property & Portfolio Research, Inc.--What Drives Commercial Mortgage Termination?--A Multi-State Transition Approach
XIAOQING ELEANOR XU, Seton Hall University--What Drives the Return on Commercial Mortgage-Backed Securities?
Discussants: TIMOTHY J. RIDDIOUGH, University of Wisconsin-Madison
ABDULLAH YAVAS, Pennsylvania State University
WILLIAM WHEATON, Massachusetts Institute of Technology
JAMES SHILLING, DePaul University
Jan. 4, 8:00 am
ACES
Understanding Foreign Direct Investment (F2)
Presiding: NAURO CAMPOS, Brunel University, UK
BRUNO MERLEVEDE and KOEN SCHOORS, Ghent University, Belgium--FDI and the Consequences: Towards More Complete Capture of Spillover Effects
CHRISTIAN ARNDT and ANSELM MATTES, Institute for Applied Economic Research, Germany--The Impact of Inward FDI and Foreign Ownership on Performance of German Multinational Firms
NAURO F. CAMPOS and YUKO KINOSHITA, International Monetary Fund--Foreign Direct Investment, Institutional Dynamics and Structural Reforms
YURIY GORODNICHENKO, JAN SVEJNAR, and KATHERINE TERRELL, University of Michigan--FDI Spillovers and Innovation
Discussants: KOEN SCHOORS, Ghent University, Belgium
NAURO CAMPOS, Brunel University, UK
Jan. 4, 8:00 am
AFEE
Institutional Evolution and Change (B5)
Presiding: KLAUS NIELSEN, Roskilde University and Birkbeck College, University of London
JOHN F. HENRY, University of Missouri-Kansas City--Hobbes, Seabright and our Ancestors: Institutionalist Theory and the Writing of Pre-History
WILLIAM H. REDMOND, Indiana State University--Formal Institutions in Historical Perspective
ANNE MAYHEW, University of Tennessee--Idle Curiosity and Play: Veblen and Evolutionary Biology
WILLIAM GANLEY, Buffalo State College--Is Institutional Economics an Evolutionary Science?
ANNA KLIMINA, St. Thomas Moore College, University of Saskatchewan--The Veblenian Concept of Habit and Its Manifestation in the Model of Ingrained Equilibrium: The Case of Oligarchic Transition
Discussant: DAVID DEQUECH, University of Campinas
Jan. 4, 8:00 am
AERE
Extensions and New Applications of the Hotelling Model (Q3)
Presiding: JANIE CHERMAK, University of New Mexico
ROBERT H. PATRICK, Rutgers University, and JANIE M. CHERMAK, University of New Mexico--Irreconcilable Differences: Tests of the Theory of Exhaustible Resources
MICHAEL R. CAPUTO, University of Central Florida--A Nearly Complete Test of a Vertically Integrated, Capital Accumulating, Nonrenewable Resource Extracting Model of the Competitive Firm
UJJAYANT CHAKRAVORTY, University of Central Florida and University of Toulouse, MICHEL MOREAUX, University of Toulouse, and MABEL TIDBALL, University of Montpellier--Ordering the Extraction of Polluting Nonrenewable Resources
PETER HARTLEY and KENNETH B. MEDLOCK III, Rice University--A Model of the Operation and Development of a National Oil Company
Discussants: PETER BERCK, University of California-Berkeley
SCOTT FARROW, University of Maryland-Baltimore County
STEPHEN HOLLAND, University of North Carolina-Greensboro
DENISE YOUNG, University of Alberta
Jan. 4, 8:00 am
ES
Behavioral Choice Theory (D0)
Presiding: JAWWAD NOOR, Boston University
LARRY G. EPSTEIN, University of Rochester--Living with Risk
KAREEN ROZEN, Yale University--Foundations of Intrinsic Habit Formation
SIMON GRANT, Rice University, and BEN POLAK, Yale University--Absolute Ambiguity Aversion and Mean-Dispersion Preferences
JAWWAD NOOR, Boston University--Hyperbolic Discounting and the Standard Model
Jan. 4, 8:00 am
ES
Contracts and Communication (D8)
Presiding: SHAN ZHAO, GREMAQ
DAVID RAHMAN, Universidad Carlos III de Madrid, and ICHIRO OBARA, University of California-Los Angeles--Secret Contracts for Efficient Partnerships
JIAYIN SUN, Boston University--Disclosing Multiple Product Attributes
WIOLETTA DZIUDA, Northwestern University--Strategic Argumentation
SHAN ZHAO, GREMAQ and University of Toulouse--Policy Persistence in Repeated Common Agency Game
Jan. 4, 8:00 am
ES
Organizations and Compensation (J3)
Presiding: DEREK NEAL, University of Chicago
LUIS GARICANO, University of Chicago, and THOMAS N. HUBBARD, Northwestern University--Hierarchies and Earnings Inequality Among U.S. Lawyers, 1977-92
MARKO TERVIÖ, University of California-Berkeley--Difference That CEOs Make: An Assignment Model Approach
ANTONIO FALATO, Federal Reserve Board--Superstars or Superlemons? Top Executive Pay and Corporate Acquisitions
ALEX EDMANS, University of Pennsylvania, XAVIER GABAIX, New York University and NBER, and AUGUSTIN LANDIER, New York University--A Calibratable Model of Optimal CEO Incentives in Market Equilibrium
Discussants: MARIO MACIS, University of Michigan
DEREK NEAL, University of Chicago
Jan. 4, 8:00 am
ES
Political Economy (P1)
Presiding: NICOLAS SAHUGUET, HEC Montreal
SANTIAGO OLIVEROS, University of California-Berkeley--Who Abstains in Equilibrium?
ARIANNA DEGAN, UQAM, and ANTONIO MERLO, University of Pennsylvania--Do Voters Vote Sincerely?
ORIOL CARBONELL-NICOLAU, Rutgers University--A Positive Theory of Income Taxation
NICOLAS SAHUGUET, HEC Montréal, and BENOIT CRUTZEN, Erasmus University, Rotterdam--Redistributive Politics with Distortionary Taxation
Jan. 4, 8:00 am
ES
Developments in Econometrics (C1)
Presiding: VICTOR CHERNOZHUKOV, Massachusetts Institute of Technology
VADIM MARMER and ARTYOM SHNEYEROV, University of British Columbia--Quantile-Based Nonparametric Inference for First-Price Auctions
SOKBAE LEE, University of College London, OLIVER LINTON, London School of Economics, and YOON-JAE WHANG, Seoul National University--Testing For Stochastic Monotonicity
SHINICHI SAKATA, University of British Columbia--Testing Parameter Constancy Across Many Groups
STANISLAV ANATOLYEV, New Economic School--Inference In Linear Regression Models With Many Regressors
Jan. 4, 8:00 am
ES
Public Finance (H2)
Presiding: CHE-LIN SU, Northwestern University
BEEN-LON CHEN, Academia Sinica, HUNG-JU CHEN, National Taiwan University, and PING WANG, Washington University- St. Louis and NBER--Public Policy and Human Capital Accumulation in an Endogenously Growing Economy with Labor-Market Frictions
FELIX BIERBRAUER, MPI Bonn, Germany, and MARCO SAHM, LMU Munich--Germany Informative Voting and the Samuelson Rule
CATARINA REIS, Massachusetts Institute of Technology--The Role of Social Preferences for Optimal Taxation without Commitment
KENNETH JUDD, Hoover Institution, and CHE-LIN SU, Northwestern University--Optimal Income Taxation with Multidimensional Taxpayer Types
Jan. 4, 8:00 am
ES
Empirical Models of Labor, Marriage and Insurance Markets (J0)
Presiding: MICHAEL KEANE, University of Technology Sydney
MICHAEL KEANE, University of Technology Sydney, and MATTHEW JOHNSON, CRA International--A Dynamic Equilibrium Model of the U.S. Wage Structure, 1968-1996
PETER ARCIDIACONO, ANDREW BEAUCHAMP, and MARJORIE MCELROY, Duke University--Competing for the Opposite Sex: An Equilibrium Model of Sex and Dating
THOMAS G. KOCH, University of Texas-Austin--Bankruptcy, Medical Insurance and a Law with Unintended Consequences
JUAN PANTANO, University of California-Los Angeles--On Scarlet Letters and Clean Slates: Criminal Records Policy in a Dynamic Model of Human Capital Accumulation and Criminal Behavior
Jan. 4, 8:00 am
ESA
Social Comparison (D0)
Presiding: YAN CHEN, University of Michigan
CATHERINE ECKEL, University of Texas-Dallas, ENRIQUE FATAS, University of Valencia, and RICK WILSON, Rice University--Status in Networks
ERIN KRUPKA, Institute for the Study of Labor (IZA), and ROBERTO WEBER, Carnegie Mellon University--The Focusing and Observational Effects of Norms
JOHN DUFF and TATIANA KORNIENKO, University of Edinburgh-- Does Competition Affect Giving?
YAN CHEN, University of Michigan, MAX HARPER, JOSEF KONSTAN, University of Minnesota, and SHERRY XIN LI, University of Texas-Dallas--Social Comparisons and Contributions to Online Communities: A Field Experiment on MovieLens
Discussants: TATIANA KORNIENKO, University of Stirling
SHERRY XIN LI, School of Economics, University of Texas-Dallas
TIM CASON, Purdue University
STEPHAN MEIER, Federal Reserve Bank of Boston
Jan. 4, 8:00 am
LERA
Work-Life Voice: Examining the Relationship Between Different Forms of
Employee Voice and Flexible Working Time Arrangements Across Countries
Presiding: EILEEN APPELBAUM, Rutgers University
PETER BERG, ELLEN KOSSEK, and KAUMUDI MISRA, Michigan State University--The Effect of Individual and Collective Voice on Employee Experiences with Flexible Working Time Policies and Practices
HARTMUT SEIFERT, Wirtschafts- und Sozialwissenschaftliches Institut (WSI) in der
Hans-Böckler-Stiftung--Flexible Working Time Patterns in Germany and the Role of Works Councils
ANNA ILSØE, Copenhagen University--Trade-offs on Flexible Working Hours at the Company Level in Denmark, Germany, and the United States
BARBARA POCOCK, University of Southern Australia--Working Time and Workplace Flexibility in Australia: Politics, Policy and Experience
Discussant: NETSY FIRESTEIN, Labor Project for Working Families
Jan. 4, 8:00 am
LERA
Work, Workers, Faith and Values
Presiding: ELLEN DANNIN, Pennsylvania State University
JILL KRIESKY, Institute Wheeling Jesuit University--Big Coal: Faith and Labor Collaboration in the Appalachians
RABBI JILL JACOBS, Jewish Funds for Justice --Poverty and Workers' Rights Through a Jewish Lens
ALISON M. SULENTIC, Bakers Botts LLC--Do Not Cast Me Aside in My Old Age: Supporting Employees Who Care for Aging Parents
JOSE OLIVA, Interfaith Worker Justice--Faith, Works, and Workers
REVEREND JIM SESSIONS, United Methodist Church--Laboring for Worker Justice
Jan. 4, 8:00 am
LERA
Refereed Papers -- Labor Education/Labor Markets
Presiding: ROBERT THORNTON, Lehigh University
KELLY WILLIAMS-WHITT, University of Lethbridge--Disability at Work and the Performance Paradox
PETER PHILLIPS, University of Utah--The NBA in Black and White: Changing Fan Reaction to the Presence of Blacks in Professional Basketball 1951-1997
COLETTE FRIEDRICH and ROBERTO HERNANDEZ, Massachusetts Institute of Technology--Job Queues: Gender and Race at the Application Interface
JOHN F. BURTON, JR. and STEVE GUO, Rutgers University--The Relationship Between Workers' Compensation and Disability Insurance
JI-YOUNG AHN, University of Illinois-Urbana-Champaign--Does Stock-Based Pay Mitigate Destructive Competition Among Top Executives?
Jan. 4, 8:00 am
NAEE/NCEE
Economics Education: Assessment of Student Learning and Performance (A2)
Presiding: PAUL W. GRIMES, Mississippi State University
FEKRU DEBEBE, Educational Testing Service, ELLEN SEWELL, University of North Carolina-Charlotte, and ARTHUR RAYMOND, Muhlenberg College--Comparing the Performance of College and High School Students on the Advanced Placement Exams
WILLIAM BOSSHARDT, Florida Atlantic University, and NEELA MANAGE, Florida Atlantic University--A Matching Estimation of the Causal Effects on Student Performance in Introductory Economics Courses
KIMMARIE MCGOLDRICK, University of Richmond, and STEPHEN A. GREENLAW, University of Mary Washington--Practicing What We Preach: Undergraduate Research Experiences in Economics
MARTIN MILKMAN, Murray State University--AACSB Assessment and a Managerial Economics Group Project
Discussants: HELEN ROBERTS, University of Illinois-Chicago
SHERYL BALL, Virginia Polytechnic Institute & State University
LESTER HADSELL, State University of New York-Oneonta
AVI COHEN, York University
Jan. 4, 8:00 am
NEA
African Development and African Immigration (O1)
Presiding: ROMIE TRIBBLE, Spelman College
JULIET ELU, Spelman College--Private Foreign Direct Investment in ACP Countries: The Impact of Migrant Remittance on Economic Growth and Development
LEONIDAS MUREMBYA, Michigan Bureau of Labor Market Information and Strategic Initiatives--How are Children of Immigrants Faring in the U.S. Job Market?"
WARREN C. WHATLEY, University of Michigan--West Africa in the Emerging Atlantic Economy, 1450-1850
JULIET ELU, Spelman College--Economic Analysis of Terrorism: Rational Choice and Utility Maximization of Terrorist Behavior in Africa and South Asia
BROOKS ROBINSON, Black Economics.org--Coming to Africa
Discussants: KWABENA GYIMAH-BREMPONG, University of South Florida
WILLIAM A. DARITY, JR., University of North Carolina
MWANGI WA GITHINJI, University of Massachusetts
ELIZABETH ASIEDU, University of Kansas
PATRICK MASON, Florida State University
Jan. 4, 8:00 am
NAEFA
Corporate Sector Volatility and Its Relation to Macroeconomic Risks (G1)
Presiding: ROBERT BLISS, Wake Forest University
SEAN CAMPBELL, Federal Reserve Board--Stock Market Volatility and the Great Moderation
GUSTAVO SUAREZ, Federal Reserve Board--Firm Volatility & Banks: Evidence from U.S. Banking Deregulation
JESPER LINDE, TOR JACOBSON, Sveriges Riksbank, RIKARD NILSSON, Svenska Handelsbanken, and KASPER ROSZBACH, Sveriges Riksbank--Default and Aggregate Fluctuations
LUIS SAN VINCENTE PORTES, Montclair State University--On Balance Sheets, Idiosyncratic Risk and Aggregate Volatility: Is Firm Volatility Good for the Economy?
Discussants: ROBERT BLISS, Wake Forest University
ROCCO HUANG, European Central Bank
DRAGON TANG, Kennesaw State University
JAMES WESTON, Rice University
Jan. 4, 8:00 am
PSSI
War and Political Instability (D7)
Presiding: MICHAEL INTRILIGATOR, University of California-Los Angeles
EDWARD L. GLAESER, Harvard University--The Political Economy of Warfare
CARLOS SEIGLIE, Rutgers University--Globalization and War
GREGORY D. HESS, Claremont McKenna College--The Welfare Costs of Conflict
SOLOMON POLACHEK, State University of New York-Binghamton, and DARIA SEVASTIANOVA, University of Southern Indiana--Evidence On the Extent Sociopolitical Instability Decreases A Nation's Economic Performance
Discussants: MICHAEL INTRILIGATOR, University of California-Los Angeles
LUIS LOCAY, University of Miami
Jan. 4, 8:00 am
SGE
Reevaluating Old Issues with Novel Data Sets
Presiding: GREGORY KURTZON, U.S. Bureau of Labor Statistics
TRICIA GLADDEN, U.S. Bureau of Labor Statistics--Re-examining the Impact of the Computer Age on the U.S. Labor Market
GREGORY KURTZON, U.S. Bureau of Labor Statistics--Do the Poor Pay More Store-by-Store?
MARC FUSARO, East Carolina University--Bank Markets Concentration: Don't Forget about Credit Unions
Discussants: PETER MEYER, U.S. Bureau of Labor Statistics
BRADLEY HEIM, U.S. Department of the Treasury
TRICIA GLADDEN, U.S. Bureau of Labor Statistics
MARC FUSARO, East Carolina University
Jan. 4, 8:00 am
URPE
Recent Research on Economic Inequality in the Third World (O1)
Presiding: MELISSA MAHONEY, New School for Social Research and Levy Economics Institute of Bard College
MERRILEE MARDON, Connecticut College--Land Rights, Lone Mothers and the Educational Attainment of Adolescents in Brazil's Agrarian Reform?
TOM MASTERSON, Levy Economics Institute of Bard College--Female Land Rights and Household Consumption in Paraguay, 2001
VAMSI VAKULABHARANAM, Queens College, City University of New York, and AJIT ZACHARIAS, Levy Economics Institute of Bard College--Economic Reforms, Caste and Economic Inequality in India, 1991-2004
BOB REINAUER, University of Massachusetts-Amherst--A Living Wage in Guatemala: An Estimate Using LSMS Data
Discussants: STEPHANIE SEGUINO, University of Vermont
ARJUN JAYADEV, University of Massachusetts-Boston
Jan. 4, 8:00 am
URPE/IAFFE
Gender Bending: Expanding Feminist Political Economy (J1)
Presiding: ELLEN MUTARI, Richard Stockton College of New Jersey
ELISSA BRAUNSTEIN, Colorado State University, CAREN GROWN, Levy Institute, and DIANE ELSON, University of Essex--Gender and Corporate Taxation in the U.S.: An Analysis of Trends 1970-2005
MICHAEL BRUN, Illinois State University, and MARIANNE A. FERBER, University of Illinois-Ubana Champaign--How Do Women-Friendly Policies Affect Men?
PADDY QUICK, St. Frances College--Unpaid, Reproductive, Caring Labor? The Production of Labor Power? The Theoretical Implications of Terms Used to Describe Women's Work
JANE E. MILLER, and YANA VAN DER MEULEN RODGERS, Rutgers University--"Significance" versus "Importance": Substantive and Statistical Considerations in Empirical Research
Discussants: DRUCILLA BARKER, University of South Carolina
ELLEN MUTARI, Richard Stockton College of New Jersey
Jan. 4, 10:15 am
AFEA
Development Policy in Africa (O5)
Presiding: PAUL COLLIER, Oxford University, United Kingdom
MINA BALIAMOUNE-LUTZ, University of North Florida, and LEONCE NDIKUMANA, University of Massachusetts-Amherst and ANECA, Addis Ababa--Export Diversification and Growth: The Case of African Economies
YAW NYARKO, New York University--Economic Development as Problem Solving
EDWARD GHARTEY, University of West Indies--Tax, Spend and Causality in Ghana: 1965-2004
R. CHARLES SEBUHARARA, State University of New York-Binghamton--Liberalization and Financial Development: Some Evidence from Africa
ALBERT OKUNADE, University of Memphis--Specific Health Sector Inputs and African Development: The Case of Health, Human Capital and Pharmaceuticals
Discussants: MWANGI WA GITHINJI, University of Massachusetts-Amherst
MESFIN BEZUNEH, Clark Atlanta University
ELIZABETH ASIEDU, University of Kansas
DANIEL GBETNKOM, University of Yaunde II and UNECA
JULIET ELU, Spelman College
Jan. 4, 10:15 am
AAEA
Biofuels -- Long-Run Implications for Food Security and the Environment (Q4)
Presiding: PRABHU L. PINGALI, United Nations, Food and Agriculture Organization
SIWA MSANGI and MARK W. ROSEGRANT, International Food Policy Research Institute--Biofuel Production and World Agriculture -- Prospects to 2020
PRABHU L. PINGALI, TERRI RANEY, and KEITH WIEBE, United Nations, Food and Agriculture Organization--Biofuels and Food Security -- Conflict or Complement?
GERALD C. NELSON, University of Illinois-Urbana-Champaign--Biofuels and the Environment -- Green Gold or Green Wash?
Discussant: BRUCE MCCARL, Texas A&M University
Jan. 4, 10:15 am
AEA
Design and Reform of Institutions in LDCs and Transition Economies (This session is
dedicated to the memory of John McMillan (1951-2007), who was to have been an author in the session.)
Presiding: AVINASH DIXIT, Princeton University
WILLIAM EASTERLY, New York University--Institutions: Top Down or Bottom Up?
DANI RODRIK, Harvard University--Heterodox Reform
AVNER GREIF, Stanford University, and YADIRA GONZALEZ DE LARA, Stanford University and University of Alicante--Self-enforcing Constitutions and Economic Prosperity: Lessons from History
Discussant: KARLA HOFF, World Bank
Jan. 4, 10:15 am
AEA
Expertise and Macroeconomic Policy
Presiding: DONALD L. KOHN, Federal Reserve Board
TIMOTHY BESLEY, London School of Economics--Insiders versus Outsiders in Monetary Policy-Making
ALAN BLINDER, Princeton University, and JOHN MORGAN, University of California-Berkeley--Does Leadership Produce Better Monetary Policy? An Experimental Study
CHRISTINA D. ROMER and DAVID H. ROMER, University of California-Berkeley--Expertise and Monetary Policy: The FOMC versus the Staff
Discussants: DONALD L. KOHN, Federal Reserve Board
JUSTIN WOLFERS, University of Pennsylvania
VINCENT REINHART, American Enterprise Institute
Jan. 4, 10:15 am
AEA
Toward the Microtheory of Entrepreneurship (L2)
Presiding: WILLIAM BAUMOL, New York University
DANIEL SPULBER, Northwestern University--Entrepreneurs in the Theory of the Firm
DAVID AUDRETSCH, Indiana University and Max Planck Institute--The Knowledge Spillover Theory of Entrepreneurship
VINCY FON, George Washington University and National Science Foundation, and
YING LOWREY, U.S. Small Business Administration and George Washington University--A Microeconomic Approach to the Entrepreneur
WILLIAM BAUMOL, New York University--The Price Theory of Entrepreneurship
Discussants: ROBERT STROM, Ewing Marion Kauffman Foundation
RAJSHREE AGARWAL, University of Illinois
JOSHUA LERNER, Harvard University
JIAWEN YANG, George Washington University
Jan. 4, 10:15 am
AEA
Rare Disasters and Asset Markets (G1)
Presiding: JOHN CAMPBELL, Harvard University
ROBERT BARRO and JOSE URSUA, Harvard University--Consumption Disasters in the 20th Century
XAVIER GABAIX, New York University--A Unified Explanation for the Major Asset-Pricing Puzzles
FRANCOIS GOURIO, Boston University--Rare-Disaster Explanations of the Equity-Premium Puzzle
IAN MARTIN, Harvard University--Consumption-Based Asset Pricing with Higher Cumulants
Discussant: JOHN CAMPBELL, Harvard University
Jan. 4, 10:15 am
AEA
Economics of Traffic Safety: Children, Teenagers and the Elderly (R4)
Presiding: STEVE LEVITT, University of Chicago
STEVE LEVITT, University of Chicago, and JOSEPH DOYLE, Massachusetts Institute of Technology--Evaluating the Effectiveness of Child Safety Seats and Seat Belts in Protecting Children from Injury
PINAR KARACA-MANDIC and GREG RIDGEWAY, RAND--Graduated Driver Licensing: Lower Risk Exposure or Better Driving?
THOMAS DEE, Swarthmore College--Born to be Mild: The Effectiveness of Motorcyclce Helmets in Preventing Injuries
DAVID LOUGHRAN and SETH SEABURY, RAND--The Relative Riskiness of Older Drivers
Discussants: JOHN J. DONOHUE, Yale University
RAJEEV DEHEJIA, Tufts University
LIRAN EINAV, Stanford University
ANINDYA SEN, University of Waterloo
Jan. 4, 10:15 am
AEA
Convergence in Macroeconomics? (E0)
Presiding: OLIVIER BLANCHARD, Massachusetts Institute of Technology
RICARDO CABALLERO, Massachusetts Institute of Technology --Convergence in Macroeconomics?
PATRICK KEHOE, University of Minnesota--Convergence in Macroeconomics?
ROBERT SHIMER, University of Chicago--Convergence in Macroeconomics?
MICHAEL WOODFORD, Columbia University--Convergence in Macroeconomics?
Discussants: To be announced.
Jan. 4, 10:15 am
AEA
Learning from Your Colleagues? Theory and Evidence (O3)
Presiding: EDWARD GLAESER, Harvard University
HAN KIM, ADAIR MORSE, University of Michigan, and LUIGI ZINGALES, University of Chicago--Are Elite Universities Losing Their Competitive Edge?
PIERRE AZOULAY, Massachusetts Institute of Technology, JOSHUA ZIVIN, Columbia University, and JIALAN WANG, Massachusetts Institute of Technology--Superstar Extinction: The Effect of Coauthor Death on Research Productivity in the Academic Life Sciences
BRUCE WEINBERG, Ohio State University--Geography and Innovation: Evidence from Nobel Laureate Scientists
ETTORE DAMIANO, HAO LI, University of Toronto, and WING SUEN, University of Hong Kong--First in Village or Second in Rome
Discussants: ANTONIO CICCONE, University of Pompeu Fabra
BRONWYN HALL, University of California-Berkeley and Maastricht University
DANIEL HAMERMESH, University of Texas
LUIS GARICANO, University of Chicago
Jan. 4, 10:15 am
AEA
Globalization and International Labor Mobility (F2)
Presiding: JOHN MCLAREN, University of Virginia
MICHAEL KREMER, Harvard University, Brookings Institution, Center for Global Development, and NBER, and STANLEY WATT, International Monetary Fund--The Globalization of Household Production
SANJAY JAIN, University of Virginia, and SHARUN MUKAND, Tufts University--Workers Without Borders? Culture, Migration and the Political Limits to Globalization
GORDON HANSON, University of California-San Diego and NBER--International Migration Policy
GIOVANNI FACCHINI, University of Illinois-Urbana Champaign, Universita' degli Studi di Milano and CEPR, and ANNA MARIA MAYDA, Georgetown University, CEPR and IZA--Endogenous Migration Policy Through Majority Voting: An Empirical Investigation
Discussants: DALIA MARIN, University of Munich
GERALD WILLMANN, University of Kiel and University of Otago
DEAN YANG, University of Michigan
GIOVANNI PERI, University of California-Davis
Jan. 4, 10:15 am
AEA
Charitable Contributions--Theory and Experimental Evidence (H4)
Presiding: JOHN LIST, University of Chicago
LISE VESTERLUND, University of Pittsburgh, MARK WILHELM, Indiana University Purdue University-Indianapolis, and HUAN XIE, University of Pittsburgh--An Experimental Test of the Impure Altruism Model of Giving
RACHEL CROSON, University of Texas-Dallas, FEMIDA HANDY, University of Pennsylvania, and JEN SHANG, Indiana University--Keeping Up with the Joneses: The Relationship between Norms, Social Information and Subsequent Charitable Giving
WILLIAM HARBAUGH, ULRICH MAYR,University of Oregon, and DAN BURGHART, New York University--Neural Responses to Taxation and Voluntary Giving Reveal Motives for Charitable Donations
ANDREAS LANGE and ANDREW STOCKING, University of Maryland--On the Dynamics of Charitable Fundraising
Discussants: STEPHAN MEIER, Federal Reserve Bank of Boston
CATHERINE ECKEL, University of Texas-Dallas
Jan. 4, 10:15 am
AEA
Inferring Labor Income Risk from Economic Choices: New Developments (D9)
Presiding: JAMES HECKMAN, University of Chicago
SALVADOR NAVARRO, University of Wisconsin-Madison--A Reconsideration of the Importance of Borrowing Constraints, Uncertainty and Preferences in College Attendance Decisions: Using Observed Choices to Infer Agent's Information
FATIH GUVENEN, University of Texas-Austin, and ANTHONY SMITH, Yale University--Inferring Labor Income Risk from Economic Choices: An Indirect Inference Approach
RICHARD BLUNDELL, University College London, HAMISH LOW, University of Cambridge, and IAN PRESTON, University College London--Decomposing Income Risk Using Consumption and Income Data
Discussants: GIANLUCA VIOLANTE, New York University
ROBERT MOFFITT, Johns Hopkins University
Jan. 4, 10:15 am
AEA
Salience and Taxation (H2)
Presiding: AMY FINKELSTEIN, Massachusetts Institute of Technology
RAJ CHETTY, University of California-Berkeley, ADAM LOONEY, Federal Reserve Board, and KORY KROFT, University of California-Berkeley--Salience and Taxation: Theory and Evidence
AMY FINKELSTEIN, Massachusetts Institute of Technology--E-Z Tax: Tax Salience and Tax Rates
JEFFREY LIEBMAN and RICHARD ZECKHAUSER, Harvard University--Schmeduling
Discussants: DOUGLAS BERNHEIM, Princeton University
PAUL OYER, Stanford University
PETER KATUSCAK, CERGE
Jan. 4, 10:15 am
AEA
Globalization and Its Impact on Workers (J2)
Presiding: STEVEN DAVIS, University of Chicago and American Enterprise Institute
KEVIN HASSETT and APARNA MATHUR, American Enterprise Institute--Taxes and Wages
STEVEN DAVIS, University of Chicago and American Enterprise Institute--What Happened to Employment Stability in America?
J. BRADFORD JENSEN, Peterson Institute, and LORI G. KLETZER, University of California-Santa Cruz--Measuring the Scale and Scope of Services Trade
RICHARD FREEMAN, Harvard University--Are Globalization and Labor Standards Antipodes?
Discussants: STEVEN DAVIS, University of Chicago and American Enterprise Institute
APARNA MATHUR, American Enterprise Institute
RICHARD FREEMAN, Harvard University
LORI KLETZER, University of California-Santa Cruz
Jan. 4, 10:15 am
AEA
Matching Markets (C7)
Presiding: LONES SMITH, University of Michigan
FEDERICO ECHENIQUE, Caltech--What Matchings Can Be Stable? The Testable Implications of Matching Theory.
ROBIN LEE, Harvard University, and MICHAEL SCHWARZ, Yahoo! Research--Interviewing and Dating in Two-Sided Matching Markets
ARCHISHMAN CHAKRABORTY, Baruch College, City University of New York, and ALESSANDRO CITANNA, HEC Paris, and MICHAEL OSTROVSKY, Stanford University--Two-Sided Matching with Interdependent Values
LONES SMITH, University of Michigan--Contagious Matching Games
Discussants: JEREMY FOX, University of Chicago
LONES SMITH, University of Michigan
EMIR KAMENICA, University of Chicago
PARAG PATHAK, Harvard University
Jan. 4, 10:15 am
AEA
New Models of International Business Cycles
Presiding: PAOLO PESENTI, Federal Reserve Bank of New York
SOYOUNG KIM, Korea University, and JAEWOO LEE, International Monetary Fund--A New Open-Macro Interpretation of International Fluctuations
LAURA VELDKAMP, New York University--Trade, Learning and Business Cycle Synchronization
ANDREA FERRERO, Federal Reserve Bank of New York--The Long Run Determinants of the U.S. Trade Deficit
Discussant: DAVID BACKUS, New York University
POL ANTRAS, Harvard University
CEDRIC TILLE, Graduate Institute for International Studies, Geneva
Jan. 4, 10:15 am
AEA
Micro-evidence of Corruption in Emerging Economies
Presiding: FRED FINNAN, University of California-Los Angeles
PENG SUN and YI ZHANG, Peking University--Is There Penalty For Crime? Corporate Scandal and Management Turnover in China
FREDERICO FINAN, University of California-Los Angeles, and CLAUDIO FERRAZ, IPEA--Exposing Corrupt Politicians: The Effects of Brazil's Publicly Released Audits on Electoral Outcomes
FENG LU, Northwestern University--Profiting from Gaizhi: Management Buyouts during China's Privatization
PEDRO VICENTE, University of Oxford--Is Vote Buying Effective? Evidence from a Randomized Experiment in West Africa
Discussants: SHAWN COLE, Harvard Business School
ATIF MIAN, University of Chicago
ASIM KHWAJA, Harvard University
RITA RAMALHO, World Bank
Jan. 4, 10:15 am
AEA
Technological Change, Education Returns, and Earnings Inequality: The Experience of Growing Asian Economies (J3)
Presiding: JIN HWA JUNG, Seoul National University
LIU XUEJUN, Beijing Normal University, ALBERT PARK, Oxford University, and YAOHUI ZHAO, Peking University--Explaining Rising Returns to Education in Urban China
DAIJI KAWAGUCHI, Hitotsubashi University--Declining Return to Education in Japan: 1982-2002
JIN HWA JUNG, Seoul National University, and KANG-SHIK CHOI, Yonsei University--Technological Change and Returns to Education: Implications for the S&E Labor
Market
TAO LI, Shanghai Uniiversity of Fnance and Economics--Why Chinese College Graduates Can't Find Jobs When Its Economy Soars?
Discussants: DAVID LEE, Princeton University
JAY MIN LEE, Yonsei University
TAO LI, Shanghai University of Finance and Economics
ALBERT PARK, OxfordUniversity
Jan. 4, 10:15 am
AEA
Reform: For Better or for Worse?
Presiding: GENE GROSSMAN, Princeton University
GENE GROSSMAN, Princeton University, and EDWIN LAI, Singapore Management University--Parallel Imports and Price Controls
NAERCIO MENEZES, IBMEC Sao Paulo, and MARC-ANDREAS MUENDLER, University of California-San Diego--Labor Reallocation in Response to Trade Reform
IVAN KANDILOV, North Carolina State University--Trade and Wages Revisited: The Effect of China's MFN Status on the Skill Premium in U.S. Manufacturing
BENJAMIN LIEBMAN, Saint Joseph's University, and KASAUNDRA TOMLIN, Oakland University--Reward and Punishment under the Byrd Amendment
Discussants: KEITH MASKUS, University of Colorado
PENNY GOLDBERG, Princeton University
Jan. 4, 10:15 am
AEA
Political Economy in Developing Countries: Evidence from India
Presiding: PADMA DESAI, Columbia University
RAJASHRI CHAKRABARTI, Federal Reserve Bank of New York, and JOYDEEP ROY, Georgetown University and Economic Policy Institute--Gains from a Redrawing of Political Boundaries: Evidence from State Reorganization in India
NANDINI KRISHNAN, Boston University--Political Reservations and Rural Public Good Provision
SUJATA VISARIA, Boston University, ERICA FIELD, and ROHINI PANDE, Harvard University--Residential Segregation and Religious Violence: Consequences for Long-Term Socio-economic Outcomes in Ahmedabad, India
LAKSHMI IYER, Harvard Business School, and ANANDI MANI, Boston University--
Traveling Agents: Political Change and Bureaucratic Turnover in India
Discussants: AMRITA DHILLON, University of Warwick
ABIGAIL PAYNE, McMaster University
LORI BEAMAN, University of California-Berkeley
BIJU RAO, World Bank
Jan. 4, 10:15 am
AEA
Research on Undergraduate Economics Courses and Majors
Presiding: MICHAEL WATTS, Purdue University
KENNETH G. ELZINGA, and DANIEL MELAUGH, University of Virginia--30,000 Principles Students: Some Lessons Learned
STEVEN C. MYERS, MICHAEL A. NELSON, and RICHARD W. STRATTON, University of Akron--Weathering the Perfect Storm or Thriving in a New Environment: Assessing a Proficiency-Based Economics Major
LESTER HADSELL, State University of New York-Oneonta--The Economics Classroom without Grades: Promoting a Learning Environment by De-emphasizing Grades
WILLIAM P. O'DEA and DAVID W. RING, State University of New York-Oneonta--The Impact of Aplia on Student Performance in Intermediate Microeconomics Courses
Discussants: DAVID C. COLANDER, Middlebury College
STEPHEN BUCKLES, Vanderbilt University
MARY ELLEN BENEDICT, Bowling Green State University
WILLIAM BOSSHARDT, Florida Atlantic University
Jan. 4, 10:15 am
AEA/CEANA
Globalization, Global Imbalances and China (F3)
Presiding: YIN-WONG CHEUNG, University of California-Santa Cruz
JEFFREY FRANKEL, Harvard University--The Estimation of Weights in Asian Currency Baskets
ROBERTO CHANG, Rutgers University, and LUIS CESPEDES, Banco de Chile--Country Risk, Exchange Rates, and Economic Fluctuations in Emerging Economies
SHANG-JIN WEI, International Monetary Fund--The Domestic Financial System and International Capital Flows
ROBERT FEENSTRA, University of California-Davis, and CHANG HONG, International Monetary Fund--China's Trade and Employment
Discussants: NELSON MARK, University of Notre Dame
ESWAR PRASAD, Cornell University
JOSHUA AIZENMAN, University of California-Santa Cruz
LEONARD CHENG, Hong Kong University of Science and Technology
Jan. 4, 10:15 am
AEA/HERO
Performance Measurement in the Health Care Sector
Presiding: DONALD E. YETT, University of Southern California
MICHAEL CHERNEW and TERESA GIBSON, Harvard University--Cost Sharing and Health System Performance
KATHLEEN J. MULLEN, RICHARD FRANK, and MEREDITH B. ROSENTHAL, Harvard University--Can You Get What You Pay For? Pay-For-Performance and the Quality of Healthcare Providers
BURTON A. WEISBROD, Northwestern University--Performance in Collective-Good Markets for Charity Care, Education, and Research: Do Public, Nonprofit, and For-Profit Hospitals Differ?
Discussants: KEVIN VOLPP, University of Pennsylvania
RACHEL WARNER, University of Pennsylvania
DAVID MELTZER, University of Chicago
Jan. 4, 10:15 am
AEA/NEA
Macroeconomic Factors Impacting Poverty and Income Distribution among
African Americans
Presiding: GARY A. HOOVER, University of Alabama
WILLIAM M. RODGERS III, Rutgers University--The Impact of Monetary Policy on the Duration and Type of Unemployment by Race and Sex
REBECCA M. BLANK, University of Michigan, and DAVID CARD, University of California-Berkeley--Income, Family Structure, and Poverty among African Americans
PHILIP N. JEFFERSON, Swarthmore College--Poverty Volatility and Macroeconomic Quiescence
GARY A. HOOVER, WALTER ENDERS, University of Alabama, and DONALD G. FREEMAN, Sam Houston State University--Non-White Poverty and the Macroeconomy: The Impact of Growth
Discussants: MEL STEPHENS, Carnegie Mellon University
ALAN KRUEGER, Princeton University
HILARY HOYNES, University of California-Davis
WILLIAM SPRIGGS, Howard University
Jan. 4, 10:15 am
AFA
Market Timing and Corporate Finance
Presiding: MALCOLM BAKER, Harvard Business School
DIRK C. JENTER, Stanford University, KATHARINA LEWELLEN, Dartmouth College, and JEROLD B. WARNER, University of Rochester--Security Issue Timing: What Do Managers Know, and When Do They Know It?
STEFANO DELLAVIGNA, University of California-Berkeley, and JOSHUA MATTHEW POLLET , University of Illinois-Urbana-Champaign--Capital Budgeting vs. Market Timing: An Evaluation Using Demographics
AYDOGAN ALTI and JOHAN A. SULAEMAN, University of Texas-Austin--When Do High Stock Returns Trigger Equity Issues?
MICHAEL G. HERTZEL and ZHI LI, Arizona State University--Behavioral and Rational Explanations of Stock Price Performance Around SEOS: Evidence from a Decomposition of Market-to-Book Ratios
Discussants: RYAN TALIAFERRO, Harvard Business School
CHRISTOPHER POLK, London School of Economics & Political Science
JAY RITTER, University of Florida
MATTHEW RHODES-KROPF, Columbia University
Jan. 4, 10:15 am
AFA
Corporate Bankruptcy and Financial Distress
Presiding: ANTONIO BERNARDO, University of California-Los Angeles
VIRAL V. ACHARYA, London Business School, and KRISHNAMURTHY SUBRAMANIAN, Emory University--Bankruptcy Codes and Innovation
EFRAIM BENMELECH, Harvard University, and NITTAI BERGMAN, Massachusetts Institute of Technology--Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines
DOUGLAS G. BAIRD, University of Chicago, ARTURO BRIS, IMD International, and NING ZHU, Yale School of Management--The Dynamics of Large and Small Chapter 11 Cases: an Empirical Study
Discussants: MARK GARMAISE, University of California-Los Angeles
ANDREA EISFELDT, Northwestern University
PER STRÖMBERG, Swedish Institute for Financial Research
Jan. 4, 10:15 am
AFA
Information Flows in Institutional Portfolios
Presiding: MARCIN KACPERCZYK, University of British Columbia
ANDREA FRAZZINI, University of Chicago, CHRISTOPHER J. MALLOY, and LAUREN COHEN, Harvard Business School--The Small World of Investing: Board Connections and Mutual Fund Returns
VICTORIA IVASHINA, Harvard Business School, and ZHENG SUN, New York University--Institutional Investors and Loan Market Information Spillover
SWASTI GUPTA-MUKHERJEE, Georgia Institute of Technology--Informal Information Networks: The Impact on Performance of Mutual Fund Portfolios
Discussants: CLEMENS SIALM, University of Texas-Austin
MURRAY CARLSON, University of British Columbia
AMIT SERU, University of Chicago
Jan. 4, 10:15 am
AFA
Empirical Asset Pricing in the Cross-Section and Time Series
Presiding: ANNETTE VISSING-JORGENSEN, Northwestern University
JOAO F. GOMES, University of Pennsylvania, LEONID KOGAN, Massachusetts Institute of Technology, and MOTOHIRO YOGO, University of Pennsylvania--Durability of Output and Expected Stock Returns
HANNO N. LUSTIG, University of California-Los Angeles, STIJN VAN NIEUWERBURGH, New York University, and ADRIEN VERDELHAN, Boston University--The Wealth-Consumption Ratio: A Litmus Test for Consumption-Based Asset Pricing Models
LORENZO GARLAPPI, University of Texas-Austin, and HONG YAN, University of South Carolina--Financial Distress and the Cross Section of Equity Returns
Discussants: STIJN VAN NIEUWERBURGH, New York University
DANA KIKU, University of Pennsylvania
LU ZHANG, University of Michigan-Ann Arbor
Jan. 4, 10:15 am
AFA
International Stock Markets
Presiding: GEERT BEKAERT, Columbia University
SANJEEV BHOJRAJ and DAVID NG, Cornell University--Country Factors in Firm Valuation Ratios
KEE-HONG BAE, ARZU OZOGUZ, and HONGPING TAN, Queen's University--Do Foreigners Facilitate Information Transmission?
JOHN M. GRIFFIN, University of Texas-Austin, PATRICK J. KELLY, University of South Florida, and FEDERICO NARDARI, Arizona State University--Measuring Short-Term International Stock Market Efficiency
LOUIS JOSEPH GAGNON, Queen's University, GEORGE ANDREW KAROLYI, and KUAN-HUI LEE, Ohio State University--The Dynamic Volume-Return Relationship of Individual Stocks: The International Evidence
Discussants: STEPHAN SIEGEL, University of Washington
KATHY YUAN, University of Michigan-Ann Arbor
RANDALL MORCK, University of Alberta
JOHN GRIFFIN, University of Texas-Austin
Jan. 4, 10:15 am
AFA/AFE
Dividends
Presiding: KOSE JOHN, New York University
BO BECKER, ZORAN IVKOVICH, and SCOTT J. WEISBENNER, University of Illinois-Urbana-Champaign--Local Dividend Clienteles
AMIR RUBIN and DANIEL R. SMITH, Simon Fraser University--Institutional Ownership, Volatility and Dividends
DAVID J. DENIS, NAVEEN D. DANIEL, and LALITHA NAVEEN, Purdue University--Do Firms Manage Earnings to Meet Dividend Thresholds?
GUSTAVO GRULLON, Rice University, and RONI MICHAELY, Cornell University--Corporate Payout Policy and Product Market Competition
Discussants: JEFFREY WURGLER, New York University
YANIV GRINSTEIN, Cornell University
ANZHELA KNYAZEVA, New York University
GORDON PHILLIPS, University of Maryland
Jan. 4, 10:15 am
AREUEA
Housing Market Dynamics (R3)
Presiding: MORRIS DAVIS, University of Wisconsin
STUART GABRIEL, University of California-Los Angeles, CHRISTIAN L. REDFEARN, University of Southern California, and RICHARD K. GREEN, George Washington University--Fundamentals, Financial Innovations, and Constraints: A Taxonomy of Metropolitan House Price Dynamics
ZHENGUO LIN, ANDRE H. GAO, CHIONGLONG KUO, and FANGZHOU CARRIE NA, Fannie Mae--Housing Market Dynamics: Fundamental Price, Overvaluation, Mean Reverting, and Downward Rigidity
NANCY E. WALLACE and DONALD WALLS, University of California-Berkeley--The Dynamics of Job Creation and Destruction over the Size Distribution of Cities
NORMAN MILLER, University of Cincinnati, and LIANG PENG, University of Colorado-Boulder--Time Varying Trading Volume and the Economic Impact of the Housing Market
Discussants: MARCO DEL NEGRO, Federal Reserve Bank of New York
PAUL WILLEN, Federal Reserve Bank of Boston
IOURII MANOVSKII, University of Pennsylvania
TONI WHITED, University of Wisconsin
Jan. 4, 10:15 am
AREUEA
Default Risk (G1)
Presiding: AMY CREWS CUTTS, Freddie Mac
CYNTHIA HOLMES, Florida State University, and MICHAEL LACOUR-LITTLE, California State University-Fullerton--An Empirical Test of the Equity Dilution Hypothesis
TYLER YANG, IFE Group, CHE-CHUN LIN, National Tsing Hua University, and MAN CHO, KDI School--Default Risk and Relative Values of Exotic Mortgage Products: A Multi-Factor Simulation Approach
JUN CHEN and JINBAO TONG, Property & Portfolio Research, Inc.--The Spatial Dependency of Loss Given Default of Commercial Mortgages
V. CARLOS SLAWSON, JR., Louisiana State University--Underwater Mortgages
Discussants: JAMES BERKOVEC, Freddie Mac
ROBERT VAN ORDER, University of Michigan
JAMES FOLLAIN, James R. Follain LLC
AMY CREWS CUTTS, Freddie Mac
Jan. 4, 10:15 am
ACES
Employment and Poverty in Ukraine: Evidence from Firm- and Household-Level
Data (P3)
Presiding: JAN SVEJNAR, University of Michigan
J. DAVID BROWN, Heriot-Watt University, and JOHN S. EARLE, Central European University--Innovation in Transition: Evidence from Firm-Level Data in Ukraine
AMELIE CONSTANT, MARTIN KAHANEC, and KLAUS F. ZIMMERMAN, THOMAS DOHMEN, Institute for the Study of Labor--The Russian-Ukrainian Labor Market Divide
HARTMUT LEHMANN and NORBERTO PIGNATTI, University of Bologna--Informal Employment and Labor Market Segmentation in Transition Economies: Evidence from Ukraine.
TILMAN BRUCK, ALEXANDER DANZER, ALEXANDER MURAVYEV, and NATALIA WEISSHAAR, German Institute for Economic Research, Berlin--Determinants of Poverty During Transition: Household Survey Evidence from Ukraine
Discussants: KATHERINE TERRELL, University of Michigan
ELIZABETH BRAINERD, Williams College
RICHARD POMFRET, University of Adelaide
Jan. 4, 10:15 am
AEDSB
Intra-Household Development Issues in Bangladesh
Presiding: Farida Khan, University of Wisconsin-Parkside
SHAREEN JOSHI, University of Chicago, and T. PAUL SCHULTZ, Yale University--Family Planning as an Investment in Development: Evaluation of a Program's Consequences in Matlab, Bangladesh
SIWAN ANDERSON and MUKESH ESWARAN, University of British Columbia--What Determines Female Autonomy? Evidence from Bangladesh
MARK M. PITT, Brown University, MARK R. ROSENZWEIG, Yale University, MD. NAZMUL HASSAN, Dhaka University--Short- and Long-Term Health Effects of Burning Biomass in the Home in Low-Income Countries
MUHAMMAD YUNUS, Grameen Bank--A Special Presentation by the Founder of the Grameen Bank
Discussant: SHAHE EMRAN, George Washington University
Jan. 4, 10:15 am
AFEE
How to Turn Economics into an Evolutionary Science? (B5)
Presiding: MALCOLM RUTHERFORD, University of Victoria
GEOFFREY HODGSON, University of Hertfordshire--How Veblen Generalized Darwinism
JAN-WILLEM STOELHORST, University of Amsterdam--Darwinian Foundations for Evolutionary Economics
ULRICH WITT, Max Planck Institute of Economics and University of Jena--Ontology and Heuristics in Evolutionary Economics: Back to Veblen?
CHRISTIAN CORDES, Max Planck Institute of Economics--The Role of Biology and Culture in Consumption Behavior
CLIFFORD S. POIROT JR., Shawnee State University--Eat Grubs and Live: The Habit-Instinct Problem in Evolutionary Economics
Discussants: MALCOLM RUTHERFORD, University of Victoria
WILLIAM WALLER, Hobart and William Smith Colleges
Jan. 4, 10:15 am
ASE/IAFFE
Gender, Institutions, and Economics in the Early Years (B5)
Presiding: DEB FIGART, Richard Stockton College
NANCY FOLBRE, University of Massachusetts-Amherst--Declaring Independence: Feminist Economics in the 19th Century U.S.
ANN MARI MAY and ROBERT DIMAND, Brock University--Managing "Trouble": Gender, Mentoring, and Professional Advancement in the Early Years of the American Economic Association
EDITH KUIPER, Amsterdam School of Economics, University of Amsterdam--Toward Economic Citizenship: Feminist Economists in the Days of Adam Smith
RHONDA VONSHAY SHARPE, University of Vermont, WILLIAM A. DARITY, JR., Duke University, and OMARI SWINTON, Howard University--Are the Professional Paths of Doctorates Who Attended HBCUs, Hispanic Serving Institutions (HIS), or Women Colleges Different?
Discussants: EVELYN FORGET, University of Manitoba
ROBERT PRASCH, Middlebury College
Jan. 4, 10:15 am
AERE
Land Use Change, Urban Sprawl, and Open Space (Q2)
Presiding: MARGARET WALLS, Resources for the Future
ELENA SAFIROVA, WINSTON HARRINGTON, SÉBASTIEN HOUDE, and CONRAD COLEMAN, Resources for the Future--Can Infill Fill the Gap? Evaluating Urban Growth Management Policies in a General Equilibrium Model of Land Use and Transportation
JORDAN SUTER, NELSON L. BILLS, DAVID L. KAY, and GREGORY L. POE, Cornell University--Assessing the Impact of Open Space on Residential Property Values in Urban, Suburban and Rural Areas: A Hedonic Pricing Study in Upstate New York
ANTONIO BENTO, Cornell University, SOFIA FRANCO, and DANIEL KAFFINE, University of California, Santa Barbara--Framework for Evaluating the Efficiency and Distributional Impacts of Anti-Sprawl Policies
SPENCER BANZHAF, Georgia State University, and R. WALSH--Distributional Effects of Local Environmental Improvements in Tiebout General Equilibrium
Discussants: JAN BRUECKNER, University of California-Irvine
JACQUELINE GEOGHEGAN, Clark University
RICHARD ARNOTT, Boston College
ANNA ALBERINI, University of Maryland
Jan. 4, 10:15 am
ACE
The Virtues in Economics
Presiding: ROBERT MOCHRIE, Heriot-Watt University, UK
GORDON MENZIES, University of Technology, Sydney, and DONALD HAY, University of Oxford--Economics and the Marriage Wars
DEIRDRE MCCLOSKEY, University of Illinois-Chicago--On Faith and Hope
ANDREW YUENGERT, Pepperdine University--Models of Prudence
ROBERT MOCHRIE, Heriot-Watt University, UK--Temperance and the Godly Commonwealth
Discussants: CARRIE MILES, George Mason University
PAUL OSLINGTON, University of New South Wales and Australian Defence Forces Academy
JAMES HALTEMAN, Wheaton College
PATRICK RAINES, Belmont University
Jan. 4, 10:15 am
AIES
Industry Studies (L1, L6)
Presiding: SUHAS L. KETKAR, Vanderbilt University
BANANI NANDI, AT&T Labs, and CHANDANA CHAKRABORTY, Montclair State University--Broadband Diffusion and Its Driving Forces
KUSUM KETKAR, Vanderbilt University--Outsourcing and Economic Development
GOVINDA KOIRALA, University of Rio Grande--Inter-industry Wage Gap and Skill Upgrading in Nepalese Manufacturing
SHAILENDRA GAJANAN, University of Pittsburgh, and DEVENDER MALHOTRA, University of Southern Maine--Size, Relative Dependency and Openness
DHARMENDRA DHAKAL, Tennessee State University, KISHORE KULKARNI, Metropolitan State College of Denver, and KAMAL UPADHYAYA, University of New Haven--Consumption Pattern in an Open Economy Setting
Discussants: AMIT BATABYAL, Rochester Institute of Technology
APARAJITA NANDI, Queens College, City University of New York
SUSHANTA MALLICK, University of London
MEENAKSHI RISHI, Seattle University
Jan. 4, 10:15 am
ES
Paired Invited Session: Frontiers of Monetary Economics (E5)
Presiding: GEORGE-MARIOS ANGELETOS, Massachusetts Institute of Technology,
NEIL WALLACE, Pennsylvania State University--A New Model of Central-Bank Intervention
RANDALL WRIGHT, University of Pennsylvania--Inflation and Unemployment in the Long Run
Discussant: NOBUHIRO KIYOTAKI, Princeton University
Jan. 4, 10:15 am
ES
Paired Invited Session: Combining Structural Models and Experimental Data (C0)
Presiding: EDWARD VYTLACIL, Columbia University
COSTAS MEGHIR, University College, London--Estimating Dynamic Models using Experimental Data
KEN WOLPIN, University of Pennsylvania--Ex Ante Policy Evaluation
Discussant: JOSEPH ALTONJI, Yale University
Jan. 4, 10:15 am
ESA
Experiments in Political Economy (D7)
Presiding: LEEAT YARIV, California Institute of Technology
GUILLAUME FRECHETTE, New York University, JOHN KAGEL, and MASSIMO MORELLI, Ohio State University--Pork Versus Public Goods: An Experimental Study of Public Good Provision Within a Legislative Bargaining Framework
JENS GROSSER, Florida State University, and THORSTEN GIERTZ, University of Cologne--Candidates, Voters, and Endogenous Group Formation: An Experimental Study
MARGARET MCCONNELL, BON CHAN KOH, JULIAN ROMER, and LEEAT YARIV, California Institute of Technology--Getting Out the (Costly) Vote: Institutional Design for Greater Participation
Discussants: MARCO BATTAGLINI, Princeton University
NAGEEB ALI, University of California-San Diego
NAVIN KARTIK, University of California-San Diego
Jan. 4, 10:15 am
EPS
The Plight of the Soldier
Presiding: THEA HARVEY, Economists for Peace and Security
LAWRENCE KORB, Center for American Progress--The All Volunteer Force and the Long War: When and How Should We Reinstitute Conscription?
MAJOR GENERAL PAUL EATON, United States Army (ret.)--The American Soldier: Carrying the Entire Load for the Bush Administration?
DAVID LOUGHRAN, RAND Corporation, and JACOB KLERMAN, Abt Associates--The Effect of Activation on the Post-Activation Earnings of Reservists
LINDA BILMES, Harvard University--Veterans from Iraq and Afghanistan: Impediments to Securing Disability Benefits and Medical Care
Jan. 4, 10:15 am
HES/AFA
What Was/Is Financial Economics? (B2)
Presiding: STEPHEN BUSER, Ohio State University
GEOFFREY POITRAS, Simon Fraser University, and FRANCK JOVANOVIC, University of Quebec-Montreal--Pioneers of Financial Economics
HICHEM BEN-EL-MECHAIEKH and ROBERT DIMAND, Brock University--Louis Bachelier's 1938 Volume on the Calculus of Speculation: Efficient Markets and Mathematical Finance in Bachelier's Later Work
PETER BERNSTEIN, Peter L. Bernstein, Inc.--In the Thick of This World: The True Story of Modern Finance
PERRY MEHRLING, Barnard College, Columbia University--The Spirit of Finance and the Development of Macroeconomics
Jan. 4, 10:15 am
IAEE
Hot Topics in Energy Modeling (Q4)
Presiding: CAROL DAHL, Colorado School of Mines
REID W. CLICK and ROBERT J. WEINER, George Washington University--Resource Nationalism Meets the Market: Modeling Political Risk and the Value of Petroleum Reserves
ERIN BAKER, University of Massachusetts, HAEWON CHON, University of Maryland, LEON CLARKE, Joint Global Change Research Institute, and JEFFREY KEISLER, University of Massachusetts--Uncertainty, Climate Change, and Advanced Solar R&D
THOMAS K. LEE, Marymount University, and JOHN ZYREN, U. S. Energy Information Administration--The Source and Transmission of Volatility in Petroleum Markets
CYNTHIA LIN, University of California-Davis--Do Firms Interact Strategically?: A Structural Model of the Multi-Stage Investment Timing Game in Offshore Petroleum Production
Discussants: DOUGLAS REYNOLDS, University of Alaska-Fairbanks
JAMES L. SMITH, Southern Methodist University
FREDERICK L. JOUTZ, George Washington University
WUMI ILEDARE, Louisiana State University
Jan. 4, 10:15 am
INEM
Preferences and Behavior: Methodological Issues
Presiding: JOHN B. DAVIS, Marquette University
GRAIG MCLAREN, University of California-Riverside--The Problem with Preferences
ERIK ANGNER, University of Alabama-Birmingham--The Foundations of Behavioral Welfare Economics
WOLFRAM LATSCH, University of Washington--Beyond Compare: Amartya Sen on Ranking and Reflection
FREDRIK HANSEN, Swedish National Road and Transport Research Institute--Formalization and Bounded Rationality: From an Ontological Point of View
Discussants: JOHN B. DAVIS, Marquette University
Jan. 4, 10:15 am
ISIR
Recent Advances in Inventory Research (E3)
Presiding: ANDREAS HORNSTEIN, Federal Reserve Bank of Richmond
JAMES KAHN, Federal Reserve Bank of New York--Inventories and the Great Moderation Revisited
ANA MARIA HERRERA, Michigan State University, ZHENG LIU, and ELENA PESAVENTO, Emory University--Production Chains and the Business Cycles: A Model of Input and Output Inventories
VALERIE A. RAMEY, University of California San Diego, and DANIEL J. VINE, Federal Reserve Board--Segment Shifts and Capacity Utilization in the U.S. Automobile Industry: What Has Changed in 30 Years?
Discussants: ELENA PESAVENTO, Emory University
SCOTT SCHUH, Federal Reserve Bank of Boston
GEORGE HALL, Brandeis University
Jan. 4, 10:15 am
ISNIE
Legal Institutions and Economic Performance (K0, O0)
Presiding: DEAN LUECK, University of Arizona
JASON JOHNSTON, University of Pennsylvania, and MICHAEL FAURE, Maastricht University--Fashioning Entitlements: A Comparative Law and Economic Analysis of the Judicial Role in Environmental Centralization in the US and Europe
JONATHAN KLICK, Florida State University, BRUCE KOBAYASHI, George Mason University, and LARRY RIBSTEIN, University of Illinois--The Effect of Contract Regulation: The Case of Franchising
GARY D. LIBECAP, University of California-Santa Barbara, and DEAN LUECK, University of Arizona--Controlled versus Indiscriminate Property Demarcation: The Economic Effects of the Rectangular Survey
ANUP MALANI University of Chicago--Expectation of Future Laws
Jan. 4, 10:15 am
LERA
Labor Market Consequences of Organizational Change
Presiding: ANN BARTEL, Columbia University
MARIA GUADALUPE, Columbia University--The Demand for Talent Evidence from the Market for CEOs
JED DEVARO, Cornell University--Job Characteristics and Labor Market Discrimination in Promotions: New Theory and Empirical Evidence
ALEXANDRE MAS, University of California-Berkeley--The Dynamics of Social Interactions in the Workplace
Discussants: KEVIN HALLOCK, Cornell University
STEPHANIE LLUIS, University of Waterloo
Jan. 4, 10:15 am
LERA
Employee Voice and Participation in Organizations: New Approaches and Perspectives
Presiding: PAUL J. GOLLAN, London School of Economics and Macquarie University, Sydney
JOHN W. BUDD, University of Minnesota, and STEFAN ZAGELMEYER, International University of Applied Sciences Bad Honnef-Bonn--Employee Voice is Not a Purely Private Affair: Public Policy Rationales and Initiatives in Support of Employee Participation
RICHARD N. BLOCK and PETER BERG, Michigan State University--Collective Bargaining as Employee Participation in Organizations
DAVID LEWIN, University of California-Los Angeles--Employee Voice and Mutual Gains
ALEX BRYSON, Policy Studies Institute, RAFAEL GOMEZ, and PAUL WILLMAN, London School of Economics--Voice in the Wilderness
Discussants: BRUCE KAUFMAN, Georgia State University
Jan. 4, 10:15 am
LERA
Rebuilding America's Industrial Regions
Presiding: FRANK GIARRATANI, University of Pittsburgh
DAN LURIA, Michigan Manufacturing Technology Center--Full-Utilization Learning Lean: A Strategy for the Revitalization of Manufacturing in the Great Lakes Region
HOWARD WIAL, Brookings Institution--The Role of Services in the Economic Development of Industrial Regions
SEAN SAFFORD, University of Chicago--Unions and Economic Development in the Rust Belt
Discussants: SUSAN HELPER, Case Western Reserve University
ERICA GROSHEN, Federal Reserve Bank of New York
Jan. 4, 10:15 am
MEEA
Open Economy Macroeconomics Issues in the MENA Region (F4)
Presiding: HADI SALEHI ESFAHANI, University of Illinois at Urbana-Champaign
WASSEEM MINA, UAE University--Does Property Rights Protection Matter for International Lending in the MENA Region?
MOHAMMED SALISU, LOBNA BOUSRIH, and SANA HARRABI, African Development Bank--Determinants of Firm Performance in Egypt and Algeria: Evidence from Investment Climate Survey Data
FIRAT DEMIR, University of Oklahoma--Profitability and Employment Responses to Financial Liberalization and Macroeconomic Volatility in Turkey
GHAZI BOULILA, AFRAH LARNAOUT GOUIDER, and MOHAMED TRABELSI, University of Tunis--Capital Account Liberalization and Business Cycles Volatility
YASMINA REEM LIMAM, MOHAMED TRABELSI, and AFRAH LARNAOUT GOUIDER University of Tunis--Does Capital Account Liberalization Promote Growth?
SAMY BEN NACEUR, University of Tunis Carthage, SAMIR GHAZOUANI, University of Manouba, and MOHAMMED OMRAN, Cairo and Alexandria Stock Exchange--Does Stock Market Liberalization Spur Economic and Financial Development?
Discussants: NAGLA RIZK, American University in Cairo
AYCA TEKIN-KORU, Oregon State University
HASSAN ALY, Ohio State University
MINE CINAR, Loyola University of Chicago
SUUT DOGRUEL, Marmara University
ALI M. KUTAN, Southern Illinois University-Edwardsville
Jan. 4, 10:15 am
NABE
Accounting for Stock Options in the National Income Accounts
Presiding: ROSEMARY D. MARCUSS, U.S. Bureau of Economic Analysis
CYNTHIA A. GLASSMAN, U.S. Department of Commerce
S.P. KOTHARI, Massachusetts Institute of Technology
Discussants: R. GLENN HUBBARD, Columbia University
Jan. 4, 10:15 am
NAEFA
Financial Stability and Contagion (G1)
Presiding: SEAN CAMPBELL, Federal Reserve Board
CHARLES KAHN, University of Illinois, and JOAO SANTOS, Federal Reserve Bank of New York--Endogenous Financial Fragility and Prudential Regulation
JOHN AMMER, CLARA VEGA , Federal Reserve Board, and JON WONGSWAN, Barclays Global Investors--Do Fundamentals Explain the International Impact of U.S. Interest Rates? Evidence at the Firm Level
DIANA HANCOCK and WAYNE PASSMORE, Federal Reserve Board--The Measurement of Systemic Risks in Banking
SUJIT CHAKRAVORTI, Federal Reserve Bank of Chicago, and SUBIR LALL, International Monetary Fund--Contagion Across Small Markets from Large Foreign Investors
Discussants: NED PRESCOTT, Federal Reserve Bank of Richmond
ALESSIA FALSARONE, Citigroup
LOUIS SCOTT, Morgan Stanley
MATT PRITSKER, Federal Reserve Board
Jan. 4, 10:15 am
ODE
John R. Commons Lecture and Award
Presiding: ROBERT R. EBERT, Baldwin-Wallace College
RACHEL MCCULLOCH, Brandeis University--Globalization and Inequality
Jan. 4, 10:15 am
SED
New Developments in Labor Market Research
Presiding: GUIDO MENZIO, University of Pennsylvania
RICHARD ROGERSON and JOHANNA WALLENIUS, Arizona State University--Micro and Macro Elasticities in a Life Cycle Model with Taxes
PER KRUSELL, Princeton University, AYSEGUL SAHIN, and TOSHI MUKOYAMA, Federal Reserve Bank of New York--Wealth and Wages: A Search-Matching Perspective
MARK BILS, University of Rochester, YONGSUNG CHANG, Seoul National University, and SUN-BIN KIM, Korea University--Comparative Advantage in Cyclical Unemployment
GUIDO MENZIO, University of Pennsylvania, and SHOUYONG SHI, University of Toronto--Heterogeneity and Aggregate Fluctuations in a Directed Search Equilibrium
Jan. 4, 10:15 am
SGE
Economic Instability among U.S. Workers and Families
Presiding: JONATHAN A. SCHWABISH, Congressional Budget Office
KAREN E. DYNAN, DOUGLAS W. ELMENDORF, and DANIEL E. SICHEL, Federal Reserve Board--The Evolution of Aggregate and Household-Level Economic Volatility
THOMAS DELEIRE, MOLLY DAHL, and JONATHAN SCHWABISH, Congressional Budget Office--Variability in Workers' Earnings: The Frequency of, Trends in, and Causes of Large Earnings Reductions
CONSTANCE NEWMAN, DEAN JOLLIFFE, and MARK PRELL, U.S. Department of Agriculture--The Role of Food Stamps in Reducing Poverty over Time
Discussants: MAURY GITTLEMAN, U.S. Bureau of Labor Statistics
AUSTIN NICHOLS, Urban Institute
CRAIG GUNDERSEN, Iowa State University
Jan. 4, 10:15 am
URPE
Economic Policies in Venezuela (O5)
Presiding: AL CAMPBELL, University of Utah
ROSE MARIA MARQUES, Pontifica Universidade Catolica de Sao Paolo--Social Policies and Inequalities in Venezuela
PAULO NAKATANI, Federal University of Espirito Santo, Brazil--Structures, Changes, and Planning of the Economy of Revolutionary Venezuela
MAURICIO SABADINI, University of Paris I--Oil, Money and Finance in the Boliviarian Revolution of Venezuela
FELIX RIVAS, Central Bank of Venezuela, Caracas--The Monetary and Financial Policy of Venezuela
Discussants: AL CAMPBELL, University of Utah
REMY HERRERA, University of Paris I
Jan. 4, 10:15 am
URPE
Toward a Political Economy of Stratification (J3)
Presiding: AJIT ZACHARIAS, Levy Economics Institute of Bard College
WILLIAM DARITY, JR., University of North Carolina-Chapel Hill--Stratification Economics: The Role of Intergroup Inequality
MELISSA MAHONEY, Levy Economics Institute of Bard College and New School for Social Research, and AJIT ZACHARIAS, Levy Economics Institute of Bard College--Gender Disparities in Employment and Aggregate Profitability in the United States
PATRICK MASON, Florida State University--Social Capital and Intergenerational Mobility
STEPHANIE SEGUINO, University of Vermont--The Threads That Bind: Race and Gender Stratification and the Macroeconomics of Inequality
Discussants: EDWARD WOLFF, Levy Economics Institute of Bard College and New York University
DIMITRI PAPADIMITRIOU, Levy Economics Institute of Bard College
KORKUT ERTURK, University of Utah
Jan. 4, 12:30 pm
AAEA
Three Drivers of Distributional Shifts in Domestic Agricultural Policy (Q1)
Presiding: KEITH H. COBLE, Mississippi State University
BRUCE BABCOCK, Iowa State University--The Distributional Impacts of Biofuels
KEITH COBLE, Mississippi State University, and ROBERT DISMUKES, USDA-ERS--Comparing Integrated Commodity and Insurance Programs with Current Farm Policy
BARRY GOODWIN, North Carolina State University--The Incidence and Implications of Payment Limits
Discussant: JOE GLAUBER, USDA
Jan. 4, 12:30 pm
AEA/AFA
Joint Luncheon
Presiding: JEREMY STEIN, Harvard University
R. GLENN HUBBARD, Columbia University
Jan. 4, 12:30 pm
AEA/ODE
ODE Invited Graduate Student Papers: Health and Environmental Issues (H0)
Presiding: ROBERT S. RYCROFT, University of Mary Washington
RASHMITA BASU and ROBERT ROSENMAN, Washington State University--Role of Healthy Lifestyle on Individual Decision Making for Disease Prevention: Implications for Government Policy on Alzheimer's Disease
JASON DELANEY and PAUL J. FERRARO, Georgia State University--Is Information News? A Reassessment of the Impact of the Toxics Release Inventory on Firm Value
JUERGEN JUNG and CHUNG TRAN, Indiana University--The Macroeconomics of Health Savings Accounts
MATTHEW SULZICKI, University of New Hampshire--Air Pollution and Elderly Health: The Effect of Outdoor Air Quality on Medicare Beneficiaries in Boston, Massachusetts
Discussants: XIAOXUN GAO, Indiana University
MARTIN PAREDES, New York University
SEAN MURPHY, Washington State University
JAMES MURRAY, Indiana University
Jan. 4, 12:30 pm
AREUEA
Mortgage Pricing (G1)
Presiding: FRANK E. NOTHAFT, Freddie Mac
BARBARA A. BUKHVALOVA, Norwegian School of Management--Competitive Risk Premiums, Monitoring Costs and Lifetime Utility Maximization
JAMES IAN VICKERY, Federal Reserve Bank of New York--How Do Financial Frictions Shape the Product Market? Evidence from Mortgage Originations
ANDREA J. HEUSON, University of Miami--Mortgage Market Conditioning Variables and the Underwriting Spreads Faced by GSEs
SIMON FIRESTONE and PAUL CALEM, Freddie Mac--Credit Constraints and Homeownership
Discussants: To be announced.
Jan. 4, 12:30 pm
ACES
Economic and Reform of Large Countries: China and India's Recent Experiences (P5)
Presiding: JOHN BONIN, Wesleyan University
ALICIA GARCIA-HERRERO, SERGIO GAVILA, and DANIEL SANTABARBARA, Bank of Spain, Spain--What Explains The Low Profitability of Chinese Banks?
RICHARD ECKAUS, Massachusetts Institute of Technology--The Demand for the Exports of China and India
YASHENG HUANG, Massachusetts Institute of Technology, and DAVID LI, Tsinghua University--R&D Investment and Efficiency: A China-India Comparison
JOHN SUTTON, London School of Economics--The Advance of Manufacturing Capabilities in China and India
Discussants: GERARD ROLAND, University of California-Berkeley
JAN SVEJNAR, University of Michigan
YUMIKO OKAMOTO, Doshisha University, Japan
Jan. 4, 12:30 pm
ASE
Globalization, Public Policy, and Inequality (F1)
Presiding: HAMID HOSSEINI, King's College
HAMID HOSSEINI, King's College--Rawlsian Ethics versus Utilitarianism: How Can the Global Economic Structure Become More Just?
OZLEM L. SARI, TUBITAK -- The Scientific and Technological Council of Turkey--Multicultural Sentiment and Anti-Immigrant Policies: Explaining Exclusionist Policy Orientations in Western European Countries
LISA MAGNANI, University of New South Wales--Global Public Goods and Public Policy. Understanding the Effect of Demographic Trends and Labour Market Institutions on the Demand for Public Environmental Protection
WIM HEIJMAN and JAN VAN OPHEM, Wageningen University--Income and Happiness: Puzzles and Paradoxes
Discussants: JANE CLARY, College of Charleston
ROBERT MCMASTER, University of Glasgow
Jan. 4, 12:30 pm
AERE
Regulation, Enforcement, and Public Disclosure (Q5)
Presiding: CARL PASURKA, JR., U.S. Environmental Protection Agency
DIETRICH EARNHART, University of Kansas, and DYLAN RASSIER, U.S. Bureau of Economic Analysis--The Effect of Environmental Regulation on Corporate Financial Performance: Short-Run versus Long-Run Implications
CHRISTIAN LANGPAP, Oregon State University, and JAY SHIMSHACK, Tufts University--The Role of Private Enforcement in Environmental Regulation
ARUN MALIK, George Washington University--The Desirability of Forgiveness in Regulatory Enforcement
NICHOLAS POWERS, University of Michigan, ALLEN BLACKMAN, Resources for the Future, THOMAS LYON, University of Michigan, and URVASHI NARAIN, Resources for the Future--Does Public Disclosure Reduce Pollution? Evidence from India's Pulp and Paper Industry
Discussants: KAREN PALMER, Resources for the Future
WAYNE GRAY, Clark University
THOMAS LYON, University of Michigan
JOSHUA LINN, University of Illinois- Chicago
Jan. 4, 12:30 pm
CES
Microeconomics of Economics Development (O1)
Presiding: XIAO-YUAN DONG, University of Winnipeg
HUIYA CHEN, University of California-Davis and Reed College, and DEBORAH L. SWENSON, University of California-Davis and NBER--Multinational Firms and New Chinese Export Transactions
FENG-LIAN DU, Inner Mongolia University, and XIAO-YUAN DONG, University of Winnipeg--Why Women Have Longer Unemployment Durations than Men in Post-restructuring Urban China
YOUNGJUN CHEN, Renmin University of China and Johns Hopkins University--Antitrust and Regulation: The Experience of U.S. and Its Implications for China
XIAOQIANG CHENG, University of Leuven, and HANS DEGRYSE, CentER, Tilburg University, and TILEC, University of Leuven--Informational Barriers and Credit Rationing in the Market for Credit Cards
Discussants: HUIYA CHEN, University of California-Davis and Reed College
JACK HOU, California State University-Long Beach
DENNIS T. YANG, Virginia Tech and Chinese University of Hong Kong
VANESSA YANHUA ZHANG, LECG
Jan. 4, 12:30 pm
EHA
Money, Finance, and Equity
Presiding: PETER ROUSSEAU, Vanderbilt University
DAVID CHAMBERS, Oxford University, and ELROY DIMSON, London Business School--Keynes the Investor
CAROLINE FOHLIN, Johns Hopkins University, TOBIAS BRÜNNER, and THOMAS GEHRIG, University of Freiburg--Asymmetric Information and the Costs of Trading in the New York Stock Exchange, 1900-1910
FARLEY GRUBB, University of Delaware--The Continental Dollar: What Happened to It after 1779?
DAN LI, Boston University--The Costs of Civil Wars: Micro Evidence from Chinese National Railroads, 1906-1923
Discussants: MICHAEL EDELSTEIN, Queens College
ANDREY UKHOV, Indiana University
PETER ROUSSEAU, Vanderbilt University
SE YAN, University of California-Los Angeles
Jan. 4, 12:30 pm
HES
Keeping the Faith: The Continuing Engagement of Economics with Religion (B1)
Presiding: SPENCER BANZHAF, Georgia State University
STEPHEN MEARDON, Bowling Green State University--Whence Commerce Followed the Missionary: Religions Origins of Doctrines of U.S. Trade and Expansion
HARRO MAAS, Amsterdam School of Economics--A Hard Battle to Fight: The Dismal Science in Cambridge 1820-1850
DANIELA PARISI, Catholic University of Milan--Economics to the Service of Humankind: The Political Economy of Francesco Vito
Discussants: BRAD BATEMAN, Grinnell College
PAUL OSLINGTON, University of New South Wales
SPENCER BANZHAF, Georgia State University
Jan. 4, 12:30 pm
IOS
Patenting, Productivity, and Public Policy (O3)
Presiding: FRANCINE LAFONTAINE, University of Michigan
IAIN M. COCKBURN and MEGAN J. MACGARVIE, Boston University--Entry, Exit and Patenting in the Software Industry
MARIKO SAKAKIBARA, University of California-Los Angeles--Assessing the Role of University Patent Rights: U.S.-Japan Comparison of University-Industry Knowledge Transfer
NATARAJAN BALASUBRAMANIAN, Florida International University, and JAGADEESH SIVADASAN, University of Michigan--Patenting and Firm Growth: An Exploration
Discussants: SHANE GREENSTEIN, Northwestern University
ARVIDS ZIEDONIS, University of Michigan
SCOTT STERN, Northwestern University
Jan. 4, 12:30 pm
KAEA
Consumption, Investment and Real Exchange Rates (F4)
Presiding: SUNGHYUN H. KIM, Tufts University
JOONG SHIK KANG, International Monetary Fund--Consumption and Real Exchange Rates in an Economy with Private Information
TAEYOUNG DOH, Federal Reserve Bank of Kansas City--Yield Curve in a Macroeconomic Equilibrium Model
SIMON GILCHRIST, Boston University, and JAE W. SIM, Federal Reserve Board--Investment during the Korean Financial Crisis: A Structural Econometric Approach
JAEBEOM KIM, Oklahoma State University, and YOUNG-KYU MOH, Texas Tech University--Nonlinear Dynamics of Real Exchange Rates for Traded and Non-traded Goods
Discussants: JAEWOO LEE, International Monetary Fund
TACK YOON, Federal Reserve Board
JEONG-JOON LEE, Towson University
YOOSOON CHANG, Texas A&M University
Jan. 4, 12:30 pm
NAEFA
The Credit Channel and Macroeconomic Consequences (E5)
Presiding: DIANA HANCOCK, Federal Reserve Board
JUHA KILPONEN, Bank of Finland, and ALISTAIR MILNE, City University London and Bank of Finland--The Lending Channel and Optimal Choice of Monetary Policy
BERRAK BUYUKKARABACAK, Emory University, and NEVEN VALEV, Georgia State University--Credit Expansions and Financial Crises: The Roles of Household and Firm Credit
MUHAMMAD MUSTAFA, South Carolina State University, and MATIUR RAHMAN, McNeese State University--Linkages Among Stock Market Wealth, Consumer Sentiment, and U.S. Durable Goods
ULF VON KALCKREUTH, Deutsche Bundesbank--Financing Constraints, Micro Adjustment of Factor Use and Aggregate Implications
Discussants: KARSTEN JESKE, Federal Reserve Bank of Atlanta
WENDY EDELBERG, Federal Reserve Board
ANDREAS LEHNERT, Federal Reserve Board
GEORGE HALL, Brandeis University
Jan. 4, 12:30 pm
SPM
Global Imbalances and International Economic Stability (F4)
Presiding: DOUGLAS WALKER, Regent University
FRED CAMPANO, Fordham University--Poverty Alleviation and Structural Imbalances
PELLEGRINO MANFRA, City University of New York--FDI and Global Imbalances
DOMINICK SALVATORE, Fordham University--Structural Imbalances and International Economic Stability
Discussants: SARA GORDON, St. John's University
DOUGLAS WALKER, Regent University
Jan. 4, 12:30 pm
TPUG
Regulating Public Utilities
Presiding: CHRISTIAAN HOGENDORN, Wesleyan University
CHRISTOPHER GARGACZ, Economist, Flora, MS and HERBERT G. THOMPSON, JR., Ohio University--Telecom Impact in the United States
CAROLYN GIDEON, Tufts University--Disconnecting: Universal Service on the Decline
SAM KAYAGA, Loughborough University--Water Demand Management: A Key Building Block for Sustainable Urban Water Management
JOHN YING, University of Delaware--Testing the Effectiveness of Regulation and Competition on Cable Television Rates
Discussants: LEA-RACHEL KOSNIK, University of Missouri-St. Louis
CHRISTIAAN HOGENDORN, Wesleyan University
CHRISTOPHER GARBACZ, Economist, Flora, MS
Jan. 4, 12:30 pm
URPE
Whither the U.S. Economy in 2008 and Beyond? (Roundtable Discussion) (E6)
Presiding: FRED MOSELEY, Mount Holyoke College
DEAN BAKER, Center for Economic and Policy Research--Housing and the Sub-Prime Bust
TOM PALLEY, Economics for Democratic and Open Societies--The Dollar and International Imbalances
WILLIAM SPRIGGS, Howard University--Current Conditions for African-Americans
ROBERT POLLIN, University of Massachusetts-Amherst--Government Policies
DORENE ISENBERG, University of Redlands--Housing Crisis in California
Jan. 4, 2:30 pm
AAEA
Welfare Economics and Policy Analysis of U.S. Biofuel Policies (Q4)
Presiding: MARY BOHMER, USDA-ERS
WALLACE E. TYNER, Purdue University--The U.S. Biofuels Market: Policy Alternatives for the Future
HARRY DE GORTER, Cornell University--The Welfare Economics of U.S. Ethanol Policy
MADHU KHANNA, AMY ANDO, and FARZAD TAHERIPOUR--Unintended Welfare Effects of an Ethanol Subsidy
Discussant: MARCOS JANK, ICONE
Jan. 4, 2:30 pm
AEA
Current and Future Institutions for the World Economy
Presiding: GENE GROSSMAN, Princeton University
RAGHURAM RAJAN, University of Chicago--The Future of the IMF and World Bank
DANIEL ESTY, Yale University--Rethinking Global Environmental Governance
MARTIN FELDSTEIN, Harvard University--Designing Institutions to Cope with Terrorism
Discussant: TODD SANDLER, University of Texas-Dallas
Jan. 4, 2:30 pm
AEA
Better Living through Economics: II
Presiding: JOHN SIEGFRIED, Vanderbilt University
PRESTON MCAFEE, California Institute of Technology and Yahoo Research, SIMON WILKIE, University of Southern California, and JOHN MCMILLAN, Stanford University--The Greatest Auction in History
AL ROTH, Harvard University--Market Design
ELIZABETH BAILEY, University of Pennsylvania--Airline Deregulation
Discussants: JEREMY BULOW, Stanford University
PETER CRAMTON, University of Maryland
NANCY ROSE, Massachusetts Institute of Technology
Jan. 4, 2:30 pm
AEA
Panel Discussion on "What Should Be the Core of Graduate Economics?"
Presiding: DAVID C. COLANDER, Middlebury College
SUSAN ATHEY, Harvard University
EDWARD GLAESER, Harvard University
BO HONORE, Princeton University
BLAKE LEBARON, Brandeis University
DEREK NEAL, University of Chicago
MICHAEL WOODFORD, Columbia University
Jan. 4, 2:30 pm
AEA
Psychology and Development: Theory and Experimental Evidence
Presiding: SENDHIL MULLAINATHAN, Harvard University
ESTHER DUFLO, Massachusetts Institute of Technology, MICHAEL KREMER, Harvard University and JONATHAN ROBINSON, Princeton University--Why Are Farmers Not Using Fertilizer? Evidence from Field Experiments in Western Kenya
ABHIJIT BANERJEE, Massachusetts Institute of Technology, and SENDHIL MULLAINATHAN, Harvard University--Climbing Out of Poverty: Long Term Decisions under Income Stress
ERNST FEHR, University of Zurich, KARLA HOFF, World Bank, and MAYURESH KSHETRAMADE, Affinnova Inc.--Norm Enforcement under Social Discrimination: An Experimental Investigation in India
Discussants: ELDAR SHAFIR, Princeton University
COLIN CAMERER, Caltech
Jan. 4, 2:30 pm
AEA
Labor Market Flows
Presiding: ROBERT SHIMER, University of Chicago
BARBARA PETRONGOLO and CHRISTOPHER PISSARIDES, London School of Economics--The Ins and Outs of European Unemployment
STEVEN DAVIS, University of Chicago--The Decline of Job Loss
ROBERT SHIMER, University of Chicago--Accounting for Labor Market Flows
Discussants: OLIVIER BLANCHARD, Massachusetts Institute of Technology
BRUCE FALLICK, Federal Reserve Board
MICHAEL ELSBY, University of Michigan
Jan. 4, 2:30 pm
AEA
Firm Dynamics (L1)
Presiding: STEPHEN REDDING, London School of Economics
BOYAN JOVANOVIC, New York University, and CHUNG-YI TSE, University of Hong Kong--Creative Destruction in Industries
ERZO LUTTMER, University of Minnesota--New Goods and Firm Growth
ESTEBAN ROSSI-HANSBERG, Princeton University, and SATYAJIT CHATTERJEE, Federal Reserve Bank of Philadelphia--Spin-offs and the Market for Ideas
ANDREW BERNARD, Dartmouth College, PETER SCHOTT, Yale University, and STEPHEN REDDING, London School of Economics--Multi-product Firms and Product Switching
Discussants: XAVIER GABAIX, Princeton University
MARK WRIGHT, University of California-Los Angeles
HUGO HOPENHAYN, University of California-Los Angeles
SAM KORTUM, University of Chicago
Jan. 4, 2:30 pm
AEA
The Economics of Ethnic Identity and Assimilation (J1)
Presiding: LISA M. LYNCH, Tufts University
CARMEL U. CHISWICK, University of Illinois-Chicago--The Economic Determinants of Ethnic Assimilation
TIMOTHY J. HATTON and ANDREW LEIGH, Australian National University--Immigrants Assimilate as Communities, Not Just as Individuals
AMELIE CONSTANT, Georgetown University, and KLAUS F ZIMMERMANN, IZA and Bonn University--Measuring Ethnic Identity and Its Impact on Economic Behavior
ROBERT W. FAIRLIE, University of California-Santa Cruz, ALICIA ROBB, FSD, JULIE ZISSIMOPOULOS, RAND, and HARRY KRASHINSKY, University of Toronto--Asian-Owned Businesses in the United States
Discussants: SUSAN VROMAN, Georgetown University
DAVID C. RIBAR, University of North Carolina
LESLIE STRATTON, Virginia Commonwealth University
SOLOMON POLACHEK, Binghamton University
Jan. 4, 2:30 pm
AEA
Disaster Economics: A Roundtable on Climate Change, Hurricane Katrina
and Related Issues (H0)
Presiding: JAMES K. GALBRAITH, University of Texas-Austin and Economists for Peace and Security
PAUL KRUGMAN, Princeton University--TBA
JOSEPH STIGLITZ, Columbia University--TBA
HOWARD KUNREUTHER, University of Pennsylvania--Providing Protection Against Natural Disasters in the 21st Century
MARCELLUS ANDREWS, Insurance Information Institute--Risk, Inequality and the Economics of Disaster
Discussants: To be announced.
Jan. 4, 2:30 pm
AEA
Firm Size & Innovation: Solving Schumpeter's Innovation Riddle (O1)
Presiding: WILLIAM BAUMOL, New York University
JOHN VAN REENEN, London School of Economics, and SHARON BELENZON, Oxford University--Firm Size and Innovation: Evidence from European Panel Data
DAVID AUDRETSCH, Indiana University and Max Planck Institute--Resolving the Small Firm Innovation Paradox: The Knowledge Spillover Theory of Entrepreneurship
WILFRED DOLFSMA, University of Groningen, and GERBEN VAN DER PANNE, Delft University of Technology--Innovation by SMEs &Large Firms: Sector Structure and Dynamics
PHILIPPE AGHION, Harvard University, JOHN VAN REENEN, London School of Economics, and LUIGI ZINGALES, University of Chicago--Corporate Governance and Innovation
Discussants: MARK SANDERS, Utrecht School of Economics
SHARON BELONZON, Oxford University
JEROEN HINLOOPEN, University of Amsterdam and Katholieke Universiteit Leuven
Jan. 4, 2:30 pm
AEA
Prediction Markets--New Empirical Findings (D7)
Presiding: ERIC ZITZEWITZ, Stanford University
BO COWGILL, Google, JUSTIN WOLFERS, University of Pennsylvania, and ERIC ZITZEWITZ, Stanford University--Prediction Markets Inside the Firm: Evidence From Google
FORREST NELSON and PHILIP POLGREEN, University of Iowa--Predicting Flu: Prediction Markets vs. Biostatistical Models
PAUL TETLOCK, University of Texas-Austin--Does Liquidity Affect Securities Market Efficiency?
RICARD GIL, University of California-Santa Cruz, and STEVEN LEVITT, University of Chicago--Testing the Efficiency of Markets in the 2002 World Cup
Discussants: CHARLES PLOTT, Caltech
ROBIN HANSON, George Mason University
ERIC ZITZEWITZ, Stanford University
JUSTIN WOLFERS, University of Pennsylvania
Jan. 4, 2:30 pm
AEA
International Reserves (F3)
Presiding: RICARDO CABALLERO, Massachusetts Institute of Technology
JOSHUA AIZENMAN, University of California-Santa Cruz, and JAEWOO LEE, International Monetary Fund--Financial versus Monetary Mercantilism -- Long-Run View of Large International Reserves Hoarding
OLIVIER JEANNE and ROMAIN RANCIERE, International Monetary Fund--The Optimal Level of International Reserves in Emerging Market Countries: A New Formula and Some Applications
EDUARDO LEVY YEYATI, Universidad Di Tella--The Cost of Reserves
RICHARD PORTES, London Business School, ELIAS PAPAIOANNOU, European Central Bank, and GRIGORIOS SIOUROUNIS, London Business School--Allocation of International Reserves Across Asset Classes
Discussants: THOMAS WILLETT, Claremont McKenna College
LINDA GOLDBERG, Federal Reserve Bank of New York
ROMAIN RANCIERE, International Monetary Fund
JOSHUA AIZENMAN, University of California-Santa Cruz
Jan. 4, 2:30 pm
AEA
Consumer Bankruptcy and the Credit Market (K3)
Presiding: MICHELLE WHITE, University of California-San Diego
IGOR LIVSHITS, JAMES MACGEE, University of Western Ontario, and MICHELE TERTILT, Stanford University--Accounting for the Rise in Consumer Bankruptcies
CHRIS MAYER, Columbia University, KAREN PENCE, Federal Reserve Board, and TOMASZ PISKORSKI, Columbia University--Deception or Access to Credit: Why Do Subprime Loans Have Adjustable Rates and Prepayment Penalties?
SUMIT AGARWAL, Federal Reserve Bank of Chicago, SOUPHALA CHOMSISENGPHET, Office of the Comptroller of the Currency, CHUNLIN LIU, University of Nevada-Reno, and NICHOLAS SOULELES, University of Pennsylvania--Relationship Lending and Bankruptcy: Evidence from the Consumer Credit Market
ASTRID DICK, Federal Reserve Bank of New York, and ANDREAS LEHNERT, Federal Reserve Board--Personal Bankruptcy and Credit Market Competition
Discussants: DEAN CORBAE, University of Texas-Austin
MARK GARMAISE, University of California-Los Angeles
WENLI LI, Federal Reserve Bank of Philadelphia
ERIK HURST, University of Chicago
Jan. 4, 2:30 pm
AEA
Directed Search Models of Labor and Consumer Product Markets (J6)
Presiding: MICHAEL PETERS, University of British Columbia
SHOUYONG SHI, University of Toronto--Directed Search for Equilibrium Wage-Tenure Contracts
MICHAEL PETERS, University of British Columbia--Unobservable Heterogeneity in Directed Search
JAN EECKHOUT and PHILIPP KIRCHER, University of Pennsylvania--The Sorting Effect of Price Competition
PHILIPP KIRCHER, University of Pennsylvania--Efficiency of Simultaneous Search
Discussants: KEN BURDETT, University of Pennsylvania
ESPEN MOEN, Norwegian School of Management
GUIDO MENZIO, University of Pennsylvania
BENOIT JULIEN, Australian Graduate School of Management
Jan. 4, 2:30 pm
AEA
Monetary Policy and Inflation Targeting
Presiding: ANN OWEN, Hamilton College
MARCO DEL NEGRO, Federal Reserve Bank of Atlanta, and FRANK SCHORFHEIDE, University of Pennsylvania--Monetary Policy Analysis with Potentially Misspecified Models
JERRY TEMPELMAN, Federal Reserve Bank of New York--A Case Against Explicit Inflation Targeting
JAN LIBICH, La Trobe University--Inflexibility of Inflation Targeting Revisited: Modeling the Anchoring Effect
DEVRIM DEMIREL, University of Colorado-Boulder--Optimal Monetary Policy and Equilibrium Determinacy in a Financially Fragile Economy
Discussants: STEVEN DURLAUF, University of Wisconsin
PETER HOWITT, Brown University
MICHAEL HANSON, Wesleyan University
Jan. 4, 2:30 pm
AEA
How to Mentor Junior Economists (Panel Discussion)
Presiding: DANIEL S. HAMERMESH, University of Texas-Austin
FRANCINE BLAU, Cornell University
SUSAN COLLINS, Georgetown University
JONATHAN H. HAMILTON, University of Florida
CHRISTINA PAXSON, Princeton University
JAMES POTERBA, Massachusetts Institute of Technology
JEFFREY M. WOOLDRIDGE, Michigan State University
Jan. 4, 2:30 pm
AEA
Health and Development (I1)
Presiding: CHRIS PAPAGEORGIOU, International Monetary Fund
SHANKHA CHAKRABORTY, University of Oregon, CHRIS PAPAGEORGIOU, International Monetary Fund, and FIDEL PEREZ-SEBASTIAN, University of Alicante, Spain--Diseases and Development
ROMERO ROCHA, Pontifícia Universidade Católica do Rio de Janeiro, and RODRIGO SOARES, University of Maryland and NBER--Direct and Indirect Impacts of Community Based Health Interventions: Evidence from Brazil's Family Health Program
JAMES FEYRER, Dartmouth College, DIMITRA POLITI, Brown University, and DAVID WEIL, Brown University and NBER--The Economic Effects of Micronutrient Deficiency: Evidence from Salt Iodization in the United States
JANE FORTSON, Princeton University--Mortality Risk and Human Capital Investment: The Impact of HIV/AIDS in Sub-Saharan Africa
Discussants: EMILY OSTER, University of Chicago
SIMON JOHNSON, Massachusetts Institute of Technology
ANGUS DEATON, Princeton University
SEBNEM KALEMLI-OZCAN, University of Houston
Jan. 4, 2:30 pm
AEA
Labor Market Dynamics
Presiding: ROBERT MOFFITT, Johns Hopkins University
JOSEPH PERSKY, University of Illinois-Chicago, and DANIEL FELSENSTEIN, Hebrew University--Job Chains and Wage Curves: Worker Mobility and Marshallian Surpluses in Evaluating Local Employment Growth
ANNALISA MASTRI and KATHRYN SHAW, Stanford University--Wage Compression and Teacher Quality
SEWIN CHAN, New York University, and ANN HUFF STEVENS, University of California-Davis--Retirement Reversals
PETER GOTTSCHALK, Boston College, ROBERT MOFFITT, Johns Hopkins University, and JONATHAN SCHWABISH, Congressional Budget Office--Earnings Volatility in the U.S.: Trends and Comparisons using Survey and Administrative Data
Discussants: ANDREW OSWALD ,University of Warwick
ERIC FRENCH, Federal Reserve Bank of Chicago
JOHN ABOWD, Cornell University
Jan. 4, 2:30 pm
AEA
Innovation, Intangibles, and R&D
Presiding: CYNTHIA A. GLASSMAN, U.S. Department of Commerce
JOSHUA LERNER, Harvard University, MORTEN SORENSEN, University of Chicago, and PER STROMBERG, Swedish Institute for Financial Research--The Long-Run Impact of Private Equity: The Impact on Innovation
CAROL CORRADO, Federal Reserve Board, and CHARLES HULTEN, University of Maryland--Some New Stylized Facts about U.S. Economic Growth
J. STEVEN LANDEFELD and SUMIYE OKUBO, Bureau of Economic Analysis--The Role of R&D in Economic Growth: BEA's Satellite Account
Discussants: VOJISLAV MAKSIMOVIC, University of Maryland
BARBARA M. FRAUMENI, University of Southern Maine
SHANE M. GREENSTEIN, Northwestern University
Jan. 4, 2:30 pm
AEA
Racial and Ethnic Gaps in Education: Theory, Policies and Practice
Presiding: NGINA CHITEJI, Skidmore College and Howard University Institute on Race and Wealth
CECILIA ROUSE, Princeton University, DAVID FIGLIO, University of Florida, and ANALIA SCHLOSSER, Princeton University--Racial and Ethnic Gaps in Achievement: Evidence from Florida
BRIAN JACOB, Harvard University--The Impacts of Choice and Accountability on African-American versus Latino Children in Chicago
RONALD FERGUSON, Harvard University-- Within-School Variation in the Quality of Instruction across Course Levels and Racial Groups
ERIC P. BETTINGER, Case Western Reserve University, and BRIDGET TERRY LONG, Harvard University--Racial Gaps in College Preparation: Exploring the Role of Postsecondary Remediation Using a Regression-Discontinuity Approach
Discussants: KERWIN CHARLES, University of Chicago
MARK LOPEZ, University of Maryland
CHARLES CLOTFELTER, Duke University
Jan. 4, 2:30 pm
AEA
Education and Occupational Choice
Presiding: GAIL HOYT, University of Kentucky
JUSTINE HASTINGS, Yale University and NBER, and JEFFREY M. WEINSTEIN, Yale University--Does Gender Influence Gains from Increased Academic Opportunities
SUQIN GE, Virginia Tech, and FANG YANG, State University of New York-Albany--Marriage, Intergenerational Schooling Effect, and Gender Gap in College Attainment
JENNIFER THACHER, MELISSA BINDER, JANIE CHERMAK, and KATE KRAUSE, University of New Mexico--Faculty Compensation and Preferences: Can Differences in Job Preferences Help Explain Why Men and Women are Paid Differently?
ALAKA HOLLA, Innovations for Poverty Action--Missing Students: Risk, Gender, and Human Capital Investment in India
Discussants: CAROLINE MINTER HOXBY, Harvard University
RAQUEL FERNANDEZ, New York University
ALAN KRUEGER, Princeton University
THOMAS DEE, Swarthmore College
Jan. 4, 2:30
AEA
Poster Session 2008
Presiding: To be announced.
HIROKATSU ASANO, Asia University--Estimating Capital Investment with Financial Constraints: Comparison of Tobin's q and Real Options Approaches
YIJUN HE, Washington State University--Existence of Bifurcation in Macroeconomic Dynamics: Grandmont was Right
CATHERINE CO, SHUANGLIN LIN, University of Nebraska-Omaha, and FANYING KONG, Midland Lutheran College--Pollution Across Chinese Provinces
JULIAN EMAMI NAMINI, Erasmus University Rotterdam--Trade, Neoclassical Growth and Heterogeneous Firms
CHRISTIAN BAYER and FALKO JUESSEN, University of Dortmund--On the Dynamics of Interstate Migration: Migration Costs and Self-Selection
MARY DALY and DANIEL WILSON, Federal Reserve Bank of San Francisco--Interpersonal Comparisons: Evidence from Individual-Level Data on Suicides
GARETT JONES, University of California-San Diego--Cognitive Ability and Technology Diffusion: An Empirical Test
MANOJ MOHANAN, Harvard University--Consumption Smoothing Revisited: Testing the Permanent Income Hypothesis Using a Random Health Shock
QIANG ZHANG, University of Leicester--Understanding Intertemporal Substitution in Consumption
Jan. 4, 2:30 pm
AEA/IHEA
Topics in Health Economics
Presiding: RICHARD ARNOULD, University of Illinois
MARK DUGGAN, University of Maryland--The Effect of Medicate Part D on Dual Eligibles: Evidence from California-s Medicaid Program
AMY FINKELSTEIN, Massachusetts Institute of Technology--The Effects of Universal Coverage: Evidence from the Introduction of Medicare
DOUGLAS STAIGER and JONATHAN SKINNER, Dartmouth College--Diffusion and Productivity in Health Care
DAVID BECKER, University of Alabama-Birmingham, KENNETH CHAY, University of California-Berkeley and Brown University, and SHAILENDER SWAMINATHAN, University of Alabama-Birmingham--Mortality and the Baseball Hall of Fame: An Investigation into the Role of Status in Life Expectancy
Discussants: MICHAEL ANDERSON, University of California-Berkeley
JOHN DINARDO, University of Michigan
CARLOS DOBKIN, University of California-Santa Cruz
JUSTIN MCCRARY, University of Michigan
Jan. 4, 2:30 pm
AEA/URPE
Debate over Microeconomics
Presiding: FRED MOSELEY, Mount Holyoke College
BERNARD GUERRIEN and EMMANUELLE BENICOURT, Université Paris-Sorbonne--Is There Anything Worth Keeping in Standard Microeconomics
KARL CASE, Wellesley College--Reply to Guerrien-Benicourt and Defense of Microeconomics
DONALD KATZNER, University of Massachusetts-Amherst--Reply to Guerrien-Benicourt and Defense of Microeconomics
Discussants: DEIRDRE MCCLOSKEY, University of Illinois-Chicago
DUNCAN FOLEY, New School University
Jan. 4, 2:30 pm
AFA
Corporate Liquidity
Presiding: NITTAI BERGMAN, Massachusetts Institute of Technology
DAVID A. MATSA, Northwestern University--Operating Under a Liquidity Crunch: The Impact of LBOs on Product Availability in the Supermarket Industry
ANDREA L. EISFELDT, Northwestern University, and ADRIANO A. RAMPINI, Duke University--Financing Shortfalls and the Value of Aggregate Liquidity
KARL V. LINS, University of Utah, HENRI SERVAES, London Business School, and PETER TUFANO, Harvard Business School--What Drives Corporate Liquidity? International Evidence from Survey Data on Strategic Cash and Lines of Credit
Discussants: GREGOR MATVOS, University of Chicago
GUSTAVO MANSO, Massachusetts Institute of Technology
HEITOR ALMEIDA, New York University
Jan. 4, 2:30 pm
AFA
Mispricing and Limits to Arbitrage
Presiding: ANNA SCHERBINA, Harvard Business School
DORON AVRAMOV, University of Maryland, TARUN CHORDIA, Emory University, GERGANA JOSTOVA, George Washington University, and ALEXANDER PHILIPOV, George Mason University--Dispersion in Analysts' Earnings Forecasts and Credit Rating
DAVID A. HIRSHLEIFER, University of California-Irvine, and DANLING JIANG, Florida State University--Commonality in Misvaluation, Equity Financing, and the Cross Section of Stock Returns
TARUN CHORDIA, AMIT GOYAL, Emory University, GIL SADKA, Columbia University, RONNIE SADKA, University of Washington, and LAKSHMANAN SHIVAKUMAR, London Business School--Liquidity and the Post-Earnings-Announcement Drift
DAVID A. LESMOND, Tulane University--The Micro and Macro of Accrual Based Trading Strategies
Discussants: KARL DIETHER, Ohio State University
KENT DANIEL, Goldman Sachs Group, Inc.
AVANIDHAR SUBRAHMANYAM, University of California-Los Angeles
SCOTT RICHARDSON, Barclays
Jan. 4, 2:30 pm
AFA
Which CEOs Matter and When?
Presiding: REBECCA ZARUTSKIE, Duke University
RUDIGER FAHLENBRACH, BERNADETTE A. MINTON, and CARRIE H. PAN, Ohio State University--The Market for Comeback CEOs
STEVEN N. KAPLAN, MARK KLEBANOV, and MORTEN SORENSEN, University of Chicago--Which CEO Characteristics and Abilities Matter?
JESUS M. SALAS, University of Oklahoma--Entrenchment and the Stock Price Reaction to Sudden Executive Deaths
Discussants: DIRK JENTER, Stanford University
CAROLA FRYDMAN, Massachusetts Institute of Technology
FRANCISCO PEREZ-GONZALEZ, University of Texas-Austin
Jan. 4, 2:30 pm
AFA
Options
Presiding: DAVID BATES, University of Iowa
MARK BROADIE, Columbia University, MIKHAIL CHERNOV, London Business School, and MICHAEL S. JOHANNES, Columbia University--Understanding Index Option Returns
PETER F. CHRISTOFFERSEN, KRIS JACOBS, and KARIM MIMOUNI, McGill University--Models for S&P 500 Dynamics: Evidence from Realized Volatility, Daily Returns, and Option Prices
NEIL D. PEARSON, ALLEN M. POTESHMAN, and JOSHUA S. WHITE, University of Illinois at Urbana-Champaign--Does Option Trading Have a Pervasive Impact on Underlying Stock Prices?
GEORGE O. ARAGON, Arizona State University, and J. SPENCER MARTIN, Carnegie Mellon University--Informed Trader Usage of Stock vs. Option Markets: Evidence from Hedge Fund Investment Advisors
Discussants: CHRISTIAN SCHLAG, Goethe University Frankfurt
MICHAEL S. JOHANNES, Columbia University
KERRY BACK, Texas A&M University
NICOLAS P.B. BOLLEN, Vanderbilt University
Jan. 4, 2:30 pm
AFA
Market Making
Presiding: HENDRIK BESSEMBINDER, University of Utah
MICHAEL J. FLEMING and JOSHUA V. ROSENBERG, Federal Reserve Banks--How Do Treasury Dealers Manage their Positions?
ALBERT J. MENKVELD, Free University of Amsterdam--Designated Market Makers for Small-Cap Stocks: Is One Enough?
DAN LI, Carnegie Mellon University--Rounding as Discrimination -- Price Clustering in the OTC Tax-Exempt Bond Market
TERRENCE HENDERSHOTT, University of California-Berkeley, PAMELA C. MOULTON, Fordham University, and MARK S. SEASHOLES, University of California-Berkeley--Market Maker Inventories and Liquidity
Discussants: PRADEEP YADAV, University of Oklahoma
KUMAR VENKATARAMAN, Southern Methodist University
AMY EDWARDS, Securities and Exchange Commission
MARIOS PANAYIDES, Yale University
Jan. 4, 2:30 pm
AREUEA
Housing Policy (R3)
Presiding: EDGAR O. OLSEN, University of Virginia
JOHN E. ANDERSON, University of Nebraska, JEFFREY CLEMENS, Harvard University, and ANDREW HANSON, Syracuse University--Capping the Mortgage Interest Deduction
JOSEPH T.L. OOI, National University of Singapore, C.F. SIRMANS, University of Connecticut, and GEOFFREY K. TURNBULL, Georgia State University--Government Supply of Land in a Dual Market
CHRISTOPHER R. CUNNINGHAM, Federal Reserve Bank of Atlanta and GARY V. ENGELHARDT, Syracuse University -- Housing Mobility and TRA97
SHAUN A. BOND, PETER TYLER, University of Cambridge, and BEN GARDINER, Cambridge Econometrics -- Tax Incidence and Commercial Real Estate Leases
Discussants: DAVID LING, University of Florida
DAVID FRAME, Baruch College, City University of New York
TRACY TURNER, Kansas State University
THOMAS DAVIDOFF, University of California-Berkeley
Jan. 4, 2:30 pm
AREUEA
Housing Search (R2)
Presiding: ABDULLAH YAVAS, Pennsylvania State University
WILLIAM C. WHEATON and NAI JIA LEE, Massachusetts Institute of Technology--Do Housing Sales Drive Housing Prices or the Converse?
JUN ZHANG, Chinese University of Hong Kong, and CHARLES KA YUI LEUNG, City University Of Hong Kong--Housing Markets with Competitive Search
DONALD R. HAURIN, TAYLOR NADAULD, Ohio State University, ANTHONY SANDERS, Arizona State University, and JESSICA L. HAURIN, Stanford University--List Prices, Sale Prices, and Marketing Time
POH HAR NEO, SEOW ENG ONG, National University of Singapore, and TSUR SOMMERVILLE, University of British Columbia--Loss Aversion and Repeated Market Environment
Discussants: YILDIRAY YILDIRIM, Syracuse University
PING WANG, Washington University
PAUL ANGLIN, University of Guelph
DANIEL QUAN, Cornell University
Jan. 4, 2:30 pm
ACES
Energy Issues and Challenges in Emerging Economies (Q4)
Presiding: JOHN BONIN, Wesleyan University
YELENA KALYUZHNOVA, University of Reading, and ALI M. KUTAN, Southern Illinois University-Edwardsville--Determinants of Corruption in Energy-Rich Economies
RICHARD POMFRET, Adelaide University, Australia--Using Energy Earnings to Diversify the Economy: Kazakhstan's Agricultural Promotion Programme
KOEN SCHOORS, Ghent University, Belgium--Russia from Bust to Boom: Oil, Politics or the Ruble?
ULRICH KLUEH, GONZALO PASTOR, and ALONSO SEGURA, International Monetary Fund--Sao Tome and Principe's Experience with the Local Content: Some Possible Lessons for the Caspian Sea Region
Discussants: JOSEF BRADA, Arizona State University
MARIA VAGLIASINDI, World Bank
Jan. 4, 2:30 pm
AFEE
Institutional Analysis of Sectors, Systems, and Trade in the Global Era (O1)
Presiding: GEOFF SCHNEIDER, Bucknell University
PAUL SUSMAN and GEOFFREY SCHNEIDER, Bucknell University--Institutional Challenges and Opportunities in the Development of the Worlds First Worker-Owned Free Trade Zone
JOHN B. HALL, Portland State University, and UDO LUDWIG, Institute for Economics Research, Halle and University of Leipzig--Eastern Germany's Constrained Service Sector Expansion
ARISTIDIS BITZENIS, University of Macedonia, and JOHN MARANGOS, Colorado State University--The Role of Risk as an FDI Barrier to Entry during Transition: The Case of Bulgaria
ERIC R. HAKE, Eastern Illinois University--The Evolution of Corporate Governance and the Expansion of the European Union
P. SAI-WING HO, University of Denver--Fighting for Policy Space to Promote Development: Prebisch, Myrdal, and Singer
Jan. 4, 2:30 pm
AFEE
Topics in the History of Institutional Economics (B2)
Presiding: THOMAS A. SWANKE, Chadron State College
JAMES L. WEBB, University of Missouri-Kansas City--Veblen's Analysis and Pragmatic Inquiry
SHERRY KASPER, Maryville College--Eveline Mabel Burns, Interwar Pluralism and the Founding of Social Security
ROBERT W. DIMAND and ROBERT H. KOEHN, Brock University--Galbraith's Heterodox Teacher: Leo Rogin's Historical Approach to the Meaning and Validity of Economic Theory
CHARLES G LEATHERS, University of Alabama, and J. PATRICK RAINES, Belmont University--Institutional Economics and Behavioral Finance
RANGANATH MURTHY, Bucknell University--Nicholas Georgescu-Roegen, Institutional Economist
Discussant: JOHN F. HENRY, University of Missouri-Kansas City
Jan. 4, 2:30 pm
ASE
Neoliberalism, Inequality, and Religion (D6)
Presiding: ALBINO BARRERA, Providence College
ALBINO BARRERA, Providence College--Why Inequality Matters: Preconditions and Limitations of Allocative Efficiency
ROJHAT BERDAN AVSAR, University of Utah--Neoliberal Autonomy: A Critical Analysis of the "Ownership Society" Rhetoric
BARBARA E. HOPKINS, Wright State University--Class and Gender Bias among the Religious Right and the Rationalization of Inequality
JOHN WISMAN, American University--The Role of Religion and Economic Science in Legitimating Inequality
Discussant: JOHN TIEMSTRA, Calvin College
Jan. 4, 2:30 pm
AERE
Technologies and Trade-offs (Q5)
Presiding: IAN W.H. PARRY, Resources for the Future
DAVID POPP, Syracuse University, and RICHARD NEWELL, Duke University--Where Does Energy R&D Come From? A First Look at Crowding Out from Environmentally-Friendly R&D
TIMO GOESCHL and GRISCHA PERINO, University of Heidelberg--On Backstops and Boomerangs: Environmental R&D under Technological Uncertainty
SJAK SMULDERS, University of Calgary, and CORRADO DI MARIA, University College Dublin--Endogenous Technological Change and the Cost of Environmental Policy
ERIN BAKER, University of Massachusetts-Amherst, LEON CLARKE, University of Maryland-College Park, and EKUNDAYO SHITTU, University of Massachusetts-Amherst--Technical Change and the Marginal Cost of Abatement
Discussants: IAIN COCKBURN, Boston University
CHARLES KOLSTAD, University of California-Santa Barbara
LARRY GOULDER, Stanford University
CAROLYN FISCHER, Resources for the Future
Jan. 4, 2:30 pm
ACE
Spiritual, Human, and Physical Capital: Are They Complementary Factors
in Economic Growth?
Presiding: SARAH HAMERSMA, University of Florida
CARL R. GWIN, Pepperdine University, WAFI HAKIM ORMAN, and CHARLES M. NORTH, Baylor University--Spiritual, Human, and Physical Capital: Are They Complementary Factors in Economic Growth?
BROOKS B. HULL, University of Michigan-Dearborn, and JODY LIPFORD, Presbyterian College--Free Riding, Market Structure, and Member Commitment in South Carolina Churches
JONATHAN GRUBER, Massachusetts Istitute of Technology and NBER and DANIEL M. HUNGERMAN, University of Notre Dame--The Church vs. The Mall: What Happens When Religion Faces Increased Secular Competition?
JOSHUA J. LEWER, Bradley University, R. NICHOLAS GERLICH, West Texas A&M University, and DOYLE LUCAS, Anderson University--The Effects of Religious Adherence and Intensity on Illegal Media File Sharing
Discussants: MICHAEL A. ANDERSON, Washington and Lee University
ROBBIE MOCHRIE, Heriot-Watt University
CHRISTOPHER M. CORNWELL, University of Georgia
PETER G. KLEIN, University of Missouri
Jan. 4, 2:30 pm
CS
Technological Innovations and Social Capital: What Mattered When
Presiding: FARLEY GRUBB, University of Delaware
PRICE FISHBACK, University of Arizona, SHAWN KANTOR, University of California-Merced, and TODD SORENSON, University of Arizona--The New Deal and Diffusion of Tractors in the 1930s
MARTA FELIS-ROTA, London School of Economics and Political Science--Is Social Capital Persistent? Comparative Measurement in the Nineteenth and Twentieth Centuries
DROR GOLDBERG, Texas A&M University--The Dishonest Origins of Modern Currency
PETER MEYER, U.S. Bureau of Labor Statistics--The Airplane as an Open Source Invention
Discussants: ZORINA KHAN, Bowdoin College
WAYNE GROVE, Le Moyne College
FARLEY GRUBB, University of Delaware
PAUL RHODE, University of Arizona
Jan. 4, 2:30 pm
ES
Econometrics (C0)
Presiding: PAUL RUUD, University of California-Berkeley
MATTHEW HARDING, Stanford University, and JERRY HAUSMAN, Massachusetts Institute of Technology--Finite Sample Bias Corrections for IV Estimation with Weak and Many Instruments
SARASWATA CHAUDHURI and ERIC ZIVOT, University of Washington--Testing of Hypotheses in the Presence of Weakly Identified Nuisance Parameters
VICTOR CHERNOZHUKOV, Massachusetts Institute of Technology, IVAN FERNANDEZ-VAL, Boston University, and BLAISE MELLY, University of St. Gallen--Inference on Counterfactual Distributions
PAUL RUUD and JAMES POWELL, University of California-Berkeley--Semiparametric Multinomial Choice and Random Utility Models
Discussants: PATRIK GUGGENBERGER, University of California-Los Angeles
STANISLAV ANATOLYEV, New Economic School
FLAVIO CUNHA, University of Chicago
ROSA MATZKIN, Northwestern University
Jan. 4, 2:30 pm
ES
Applications of Global Games (C7)
Presiding: ANDREA FINICELLI, Bank of Italy
ANDREA FINICELLI, Bank of Italy--Endogenous Information and Credibility of Beliefs in a Global Game
AMIL DASGUPTA, London School of Economics, JAKUB STEINER, University of Edinburg, and COLIN STEWART, University of Toronto--Efficient Dynamic Coordination with Private Learning
ALEXANDER ELBITTAR, CIDE Mexico, RODRIGO HARRISON, Instituto de Economia P.U.C. Chile, and ROBERTO MUNOZ, Departamento de Industrias USM Chile--Network Structure in a Link Formation Game
Jan. 4, 2:30 pm
ES
Exporters and Multinationals (F1)
Presiding: MARC-ANDREAS MUENDLER, University of California-San Diego
JÖRN KLEINERT, University of Tübingen, and FARID TOUBAL, University of Paris 1, Panthéon-Sorbonne--Dissecting FDI
ROBERTO ALVAREZ, Central Bank of Chile, HASAN FARUQ, and RICARDO A. LOPEZ, Indiana University--New Products in Export Markets: Learning from Experience and Learning from Others
SASCHA O. BECKER, LMU Munich, CESifo and IZA, KAROLINA EKHOLM, Stockholm University, CEPR and CESifo, and MARC-ANDREAS MUENDLER, University of California-San Diego and CESifo--Offshoring and the Onshore Composition of Occupations, Tasks and Skills
RONALD DAVIES, University of Oregon, PEHR-JOHAN NORBACK, Research Institute of Industrial Economics, Stockholm, and AYCA TEKIN-KORU, Oregon State University--Effects of Bilateral Tax Treaties on the Export Intensity of Foreign Affiliates
Discussants: COSTAS ARKOLAKIS, University of Minnesota and Yale University
THOMAS CHANEY, University of Chicago
Jan. 4, 2:30 pm
ES
Information Economics (D8)
Presiding: STEVEN MATTHEWS, University of Pennsylvania
CHARLES BLACKORBY and DEZSÖ SZALAY, University of Warwick--Multidimensional Screening, Affiliation, and Full Separation
SERGIO CURRARINI, University of Venezia, MATTHEW O. JACKSON, Stanford University, and PAOLO PIN, University of Venezia--An Economic Model of Friendship: Diversity, Minorities and Integration
MICHAEL MANDLER, Royal Holloway College, University of London--The Fragility of Information Aggregation in Large Elections
STEVEN A. MATTHEWS, University of Pennsylvania--Smooth Monotone Games of Contribution
Jan. 4, 2:30 pm
ES
The Pricing of Market Variance and Jump Risk (G1)
Presiding: TORBEN ANDERSEN, Northwestern University
JONATHAN WRIGHT and HAO ZHOU, Federal Reserve Board--Bond Risk Premia and Realized Jump Volatility
HAITAO LI, University of Michigan, and FENG ZHAO, Rutgers University--Nonparametric Estimation of State-Price Densities Implicit in Interest Rate Cap Prices
JEFFERSON DUARTE, University of Washington, and CHRISTOPHER S. JONES, University of Southern California--The Price of Market Volatility Risk
TORBEN G. ANDERSEN, Northwestern University, and OLEG BONDARENKO, University of Illinois-Chicago--The Pricing of Variance Risk in the U.S. Treasury Market
Jan. 4, 2:30 pm
ES
New Faces in Econometrics (C0)
Presiding: AZEEM SHAIKH, University of Chicago
RUSTAM IBRAGIMOV, Harvard University, and ULRICH K. MULLER, Princeton University--t-statistic Based Correlation and Heterogeneity Robust Inference
ANNA MIKUSHEVA, Massachusetts Institute of Technology--One-Dimensional Inferences in Autoregressive Models in a Potential Presence of a Unit Root
ANDRES SANTOS, University of California-San Diego--Instrumental Variables Methods for Recovering Continuous Linear Functionals
JAY BHATTACHARYA, Stanford University, AZEEM M. SHAIKH, University of Chicago, and EDWARD VYTLACIL, Columbia University--Treatment Effect Bounds: An Application to Swan-Ganz Catheterization
Discussants: BRENDAN BEARE, Oxford University
GIUSEPPE RAGUSA, University of California-Irvine
Jan. 4, 2:30 pm
ES
International Migration and Sending Countries (O1)
Presiding: GORDON HANSON, University of California-San Diego
CATIA BATISTA, University of Oxford, AITOR LACUESTA, Bank of Spain, and PEDRO C. VICENTE, CSAE and University of Oxford--Brain Drain and Brain Gain: Evidence from an African Success Story
PABLO ACOSTA, Andean Development Corporation (CAF)--Occupational Choice, Migration and Remittances in El Salvador
HYEJIN KU, Cornell University--Migration as Price Arbitrage: Evidence from Mexican Workers in the U.S.
DAVID MCKENZIE, World Bank, and HILLEL RAPOPORT, Bar-Ilan University--Self-selection Patterns in Mexico-U.S. Migration: The Role of Migration Networks
Discussants: MICHAEL CLEMENS, Center for Global Development
DEAN YANG, University of Michigan
GORDON HANSON, University of California-San Diego
PIA ORRENIUS, Federal Reserve Bank of Dallas
Jan. 4, 2:30 pm
ESA
Voluntary Funding of Public Goods: Field Experiments in Charitable Giving (C9)
Presiding: ERIN L. KRUPKA, Institute for the Study of Labor (IZA)
ERIN L. KRUPKA, Institute for the Study of Labor, and RACHEL CROSON, University of Texas-Dallas--Priming Pro-Social Behavior: A Field Experiment in Public Library Fundraising
JEN (YUE) SHANG, Indiana University and RACHEL CROSON, University of Texas-Dallas--Social Networks and Charitable Giving
STEPHAN MEIER, Federal Reserve Bank of Boston-- Long-Run Effects of Fundraising Activities
CRAIG LANDRY, East Carolina University, ANDREAS LANGE, University of Maryland, JOHN A. LIST, University of Chicago, MICHAEL K. PRICE, University of Nevada-Reno, and NICHOLAS RUPP, East Carolina University--A Hidden Cost of Incentives: Evidence from a Natural Field Experiment
Jan. 4, 2:30 pm
HERO
Health Care Reform in the 2008 Election: A Political Economic Perspective
Presiding: HENRY AARON, Brookings Institution
DOUGLAS HOLTZ-EAKIN, John McCain 2008
CHRIS JENNINGS, Jennings Associates
MARK MCCLELLAN, Brookings Institution
KEN THORPE, Emory University
Jan. 4, 2:30 pm
IOS
Empirical Industrial Organization (L0)
Presiding: CHRISTOPHER SNYDER, Dartmouth College
KATHERINE HO, Columbia University, and JULIE HOLLAND MORTIMER, Harvard University-- The Effects of Full-Line Forcing Contracts
CHRISTOPHER KNITTEL, University of California-Davis, and VICTOR STANGO, Dartmouth College--Outsourcing, Product Mix and Productivity
JOSEPH DOYLE, Massachusetts Institute of Technology, ERICH MUEHLEGGER, Harvard University, and KRISLERT SAMPHANTHARAK, University of California-San Diego--Edgeworth Cycles in Gasoline Markets
JAKUB KASTL, Stanford University and JOZSEF MOLNAR, Bank of Finland--Self-Advertising in Media: Empirical Evidence from the Hungarian Female Magazine Market
Discussants: STEPHEN MARTIN, Purdue University
LAWRENCE WHITE, New York University
ROBERT MASSON, Cornell University
KENNETH BOYER, Michigan State University
Jan. 4, 2:30 pm
IAFFE
New Research on Sexual Orientation and Economic Outcomes (J1)
Presiding: SHOSHANA GROSSBARD, San Diego State University
LEE BADGETT, University of Massachusetts-Amherst and University of California-Los Angeles-- Why Marry? Evidence from Same-Sex Couples in Europe on the Impact of Financial Incentives on the Marriage Decision
CHRISTOPHER JEPSEN, University of Kentucky, and LISA JEPSEN, University of Northern Iowa--Does Homeownership Vary by Sexual Orientation?
CHRISTOPHER CARPENTER, University of California-Irvine--Sexual Orientation, Work, and Income in Canada
MARIEKA KLAWITTER, University of Washington--The Effects of Sexual Orientation and Marital Status on How Couples Hold Their Money
Discussants: SHOSHANA GROSSBARD, San Diego State University
MARTA MURRAY-CLOSE, University of Michigan
MICHAEL STEINBERGER, Pomona College
SHELLY LUNDBERG, University of Washington
Jan. 4, 2:30 pm
IEFS
Are International Frictions Helpful in Resolving Open Economy Macroeconomic Puzzles?
Presiding: MARIO J. CRUCINI, Vanderbilt University
PATRICK J. KEHOE, Federal Reserve Bank of Minneapolis and University of Minnesota, and VIRGILIU MIDRIGAN, Federal Reserve Bank of Minneapolis and New York University--Can Heterogeneity in Price Stickiness Account for the Dispersion in the Law of One Price Deviations?
JIANDONG JU, University of Oklahoma, and SHANG-JIN WEI, International Monetary Fund--Entrepreneur Heterogeneity, Financial Contact, International Trade and Capital Flows
INDRIT HOXHA, SEBNEM KALEMLI-OZCAN, and DIETZ VOLLRATH, University of Houston--International Financial Integration, Allocative Efficiency, and Economic Growth
VADYM VOLOSOVYCH, Florida Atlantic University--Financial Markets Integration, Risk Sharing and Investor Protection: Theory and Evidence
Discussants: MOTOTSUGU SHINTANI, Vanderbilt University
JAY C. SHAMBAUGH, Dartmouth College
DAVID C. PARSLEY, Vanderbilt University
LUIS MARQUES, University of Rochester
Jan. 4, 2:30 pm
ITFA
Issues in Globalization (Roundtable) (F0)
Presiding: MAX KREININ, Michigan State University
MAX KREININ, Michigan State University--Introduction
ANDREW F. BRIMMER, Brimmer and Company--Financial Institutions in the Age of Globalization
HARRY HOLZER, Georgetown University and Urban Institute--Globalization and Employment Outcomes in the United States
ANNE KRUEGER, Johns Hopkins University (SAIS)--The Nature of Globalization
RAUL MONCARZ, Florida International University--Latin American Responses to Financial Globalization
SCHEHERAZADE REHMAN, George Washington University--Middle East Economic Development and Integration in the Global Economy
DOMINICK SALVATORE, Fordham University--Why is Europe Growing so Slowly?
ALFRED E. ECKES, Ohio University--Commentary
Jan. 4, 2:30 pm
LERA
Assessing the Efficacy of "Union Organizing" Strategies in Union
Presiding: GREGOR GALL, University of Hertfordshire
JACK FIORITO, Florida State University--Union Organising and Union Revitalization in the United States
JOSEPH B. ROSE, McMaster University, Canada--Union Organizing and Union Revitalization in Canada
MARK STUART, University of Leeds--Assessing Union Organizing in the UK: Caught Between a Rock and a Hard Place
RAE COOPER, University of Sydney--Organising in Hard Times: Australian Union Strategy 1996-2006
Discussants: JOHN KELLY, University of London
Jan. 4, 2:30 pm
LERA
Using Industry Studies to Study the Impact of Globalization and Possible
Policy Responses
Presiding: GAIL PESYNA, Alfred P. Sloan Foundation
CLAIR BROWN, University of California-Berkeley--Is Globalization Hurting U.S. High-Tech Professional Workers?
SUSAN HELPER, Case Western Reserve University--Globalization and Value-creation Architecture: a Missing Link?
TIM STURGEON, Massachusetts Institute of Technology--Garbage in, Garbage out: How Better Industry Studies Can Improve the Offshoring Debate
ROSEMARY BATT, Cornell University--Large Scale Globalization Research: Evidence from Call Centers
DAVID WEIL, Boston University--Linking Data and Institutions to Study Labor Market Enforcement: Results from a 5-Year Effort
Jan. 4, 2:30 pm
LERA
Public Sector Employment: Leading or Lagging the "American Dream" in a
Global Economy
Presiding: JOEL CUTCHER-GERSHENFELD, University of Illinois-Urbana-Champaign
Pro Team:
PAULA VOOS, Rutgers University
TERESA GHILARDUCCI, University of Notre Dame
MARLENE KIM, University of Massachusetts
Con Team:
MARICK MASTER, University of Pittsburgh
ROBERT TOBIAS, America's University
DAVID LEWIN, University of California-Los Angeles
Jan. 4, 2:30 pm
MEEA/IAEE
Oil and Energy Issues (Q4)
Presiding: SERDAR SAYAN, TOBB University of Economics and Technology
MOHAMED ABDELAZIZ, GEORGIOS CHORTAREAS, and ANDREA CIPOLLINI, University of Essex -- Stock Prices, Exchange Rates, and Oil: Evidences from Middle East Oil-Exporting Countries
SHAWKAT HAMMOUDEH, Drexel University, RAMAZAN SARI, Abant Izzet Baysal University, and EISA ALEISA, International Monetary Fund--Do Oil-Rich GCC Countries Finance US Current Account Deficit?
JOYCE M. DARGAY, University of Leeds, DERMOT GATELY, New York University, and HILLARD G. HUNTINGTON, Stanford University--Determinants of World Oil Demand, 1971-2006
PETER HARTLEY, KENNETH MEDLOCK III and JAMES A. BAKER III, Rice University--Empirical Evidence on the Operational Efficiency of National Oil Companies
NATHAN BALKE, Southern Methodist University, STEPHEN BROWN and MINE K. YUCEL, Federal Reserve Bank of Dallas--Globalization and Oil Prices: Demand versus Supply Shocks
Discussants: RIZA DEMIRER, Southern Illinois University-Edwardsville
HADI SALEHI ESFAHANI, University of Illinois-Urbana-Champaign
GOKHAN OZERTAN, Bogazici University
AHMET FARUK AYSAN, Bogazici University
MEHMET SERKAN TOSUN, University of Nevada-Reno
Jan. 4, 2:30 pm
NAEE/NCEE
Economics Education: Curriculum and Pedagogy (A2)
Presiding: WILLIAM BOSSHARDT, Florida Atlantic University
JODY HOFF, Federal Reserve Bank of San Francisco, and JANE LOPUS, California State University-East Bay --The Effects of the Open and Operating Curriculum Program on Learning High School Economics: Alternative Assessment Strategies.
BRIAN PETERSON, Central College--The Wal-Mart Effect: Teaching Principles of Microeconomics with Wal-Mart
K. K. FUNG and VETI COMESONGSRI, University of Memphis--Using Collabics to Manage Economics Writing Assignments for Large Classes
MOHAMMAD ASHRAF, University of North Carolina at Pembroke--The Behavior of Utility Maximizing Members in a Classroom Group Project: Implications of the Envelope Theorem
Discussants: MARCELO CLERICI-ARIAS, Stanford University
TIMOTHY DIETTE, Washington and Lee University
DANIEL TALLEY, Dakota State University
LOUIS JOHNSTON, College of Saint Benedict/Saint John's University
Jan. 4, 2:30 pm
NAFE
Forensic Economics I (K4)
Presiding: WILLIAM M. G. PEARSON, Spectrum Economics, Inc.
GARY R. SKOOG, Legal Econometrics, Inc. and De Paul University, and JAMES CIECKA, De Paul University--The Dynamic Structure of the Present Value Function
LAWRENCE M. SPIZMAN, State University of New York-Oswego, and MARC WEINSTEIN, Team Econometrics, LLC--Geometric v. Arithmetic: Which Mean Should the Forensic Economist Utilize?
KEVIN E. CAHILL, Analysis Group, Inc., MICHAEL D. GIANDREA, U.S. Bureau of Labor Statistics, and JOSEPH F. QUINN, Boston College--The Role of Re-entry in the Retirement Process
Discussants: EDWARD FOSTER, University of Minnesota
PRIYANKA SINGH, University of Texas-Dallas
BARRY BEN-ZION, Consulting Economist
Jan. 4, 2:30 pm
NEA
Is Diversity Enough to Increase the Doctorate to Faculty Pipeline: The Influence of Earnings and Professional Development (I2)
Presiding: RHONDA VONSHAY SHARPE, University of Vermont
LISA DICKSON, University of Maryland-Baltimore County--Is Diversity Enough to Increase the Doctorate to Faculty Pipeline: The Influence of Earnings and Professional Development
CHARLES BECKER, Duke University and GREGORY PRICE, Jackson State University--Curriculum Intensity in Graduate Preparatory Programs: Impacts on Performance and Progression to Graduate Study Among Minority Students in Economics
WILLIAM DARITY, Duke University, RHONDA VONSHAY SHARPE, University of Vermont, and OMARI SWINTON, Duke University--Is There Value Added from Postdoctoral Fellowships in the Social Sciences?
Discussants: CECILIA A. CONRAD, Pomona College
WILLIAM RODGERS, III, Rutgers University
Jan. 4, 2:30 pm
NTA
What Can Experimental Economics Teach Us About Public Finance? (H2)
Presiding: SETH H. GIERTZ, Congressional Budget Office
JAMES ALM and DAVID SJOQUIST, Georgia State University--Experimental Tests of the "Flypaper Effect"
DIRK ENGELMANN, University of London, and NIKOS NIKIFORAKIS, University of Melbourne--Punishment and Feuds in Public Goods Games in the Laboratory
TODD CHERRY and MICHAEL MCKEE, Appalachian State University--Voter Responses to Congested Public Goods: Raise Taxes versus Ration Access?
CATHERINE ECKEL, PHILIP GROSSMAN, and SHERRY XIN LI, University of Texas-Dallas--Giving to Government: Voluntary Taxation in the Lab
Discussants: SUSAN LAURY, Georgia State University
CHRISTIAN VOSSLER, University of Tennessee-Knoxville
Jan. 4, 2:30 pm
NAEFA
Central Bank Communication and Financial Markets (E5)
Presiding: BRIAN MADIGAN, Federal Reserve Board
MICHAEL EHRMANN and MARCEL FRATZSCHER, European Central Bank--Social Value of Public Information -- Testing the Limits of Transparency
DAVID-JAN JANSEN, De Nederlandsche Bank, and JAKOB DE HAAN, University of Groningen and CESifo--The Importance of Being Vigilant: How Effective has ECB Communication Been in Influencing Euro Area Inflation Expectations?
CARLO ROSA, London School of Economics, Ente Luigui Einaudi, and Institute for the World Economy, and GIOVANNI VERGA, University of Parma--What Moves Market Interest Rates: The ECB or the Fed?
OZER KARAGEDIKLI, Reserve Bank of New Zealand, and PIERRE SIKLOS, Wilfrid Laurier University--It's a Question of Style: Central Bank Communication and the Exchange Rate? New Zealand vs Australia
Discussants: ROBERT CHIRINKO, University of Illinois-Chicago
WILLIAM ENGLISH, Federal Reserve Board
BRIAN MADIGAN, Federal Reserve Board
ELLIS TALLMAN, Federal Reserve Bank of Atlanta
Jan. 4, 2:30 pm
SGE
Behavioral Effects of Tax Policy
Presiding: PAM MOOMAU, Joint Committee on Taxation
GERALD AUTEN and DAVID JOULFAIAN, U.S. Department of the Treasury--The Taxable Income Elasticity Revisited: Evidence from a Long Panel
ITHAI LURIE and BRADLEY HEIM, U.S. Department of the Treasury--Do Increased Premium Subsidies Affect How Much Health Insurance Is Purchased? Evidence from the Self-Employed
BRADLEY HEIM, U.S. Department of the Treasury--The Responsiveness of Reported Self-Employment Income to Tax Rate Changes
THORNTON MATHESON, U.S. Department of the Treasury--The Effect of the Corporate Income Tax on Leverage in Public Corporations
Discussants: LEN BURMAN, Urban Institute
WILLIAM GENTRY, Williams College
Jan. 4, 2:30 pm
TPUG
Competition and Technology in Transportation
Presiding: JEFFREY P. COHEN, University of Hartford
JAN BRUECKNER and VIVEK PAI, University of California-Irvine--Technological Innovation in the Airline Industry: The Impact of Regional Jets
W. DAVID WALLS and LASHENG YUAN, University of Calgary--Organization, Strategy, and Competition in Transportation Networks
KEVIN HENRICKSON, Gonzaga University, and WESLEY WILSON, University of Oregon--Market Dominance and Competition: A Study of Spatial Price Discrimination in Rail Markets
JIA YAN, Washington State University, XIAOWEN FU, Hong Kong Polytechnic University, and TAE OUM, University of British Columbia--Market Power, Product Differentiation, and Hub Premium
Discussants: ROBERT WINDLE, University of Maryland
KEN BUTTON, George Mason University
ANDREW HAUGHWOUT, Federal Reserve Bank of New York
JOHN HOWARD BROWN, Georgia Southern University
Jan. 4, 2:30 pm
URPE
Issues in Development, Finance and Institutional Economics (O1)
Presiding: EDWARD NELL, New School for Social Research
PHIL O'HARA, Curtin University--Social Structures of Accumulation Theory and Empirics: Reassessment, Reconstruction, and Future Research
CAMERON M. WEBER, New School of Social Research--Questioning Development Orthodoxy
RAMAA VASUDEVAN, Colorado State University--From the Gold Standard to the Floating Dollar Standard: The Relevance of Marx's Conception of World Money
MATIAS VERNENGO and YONGBOK JEON, University of Utah--Verdoorn Effects in the U.S. Economy
Discussants: SCOTT CARTER, University of Tulsa
LAURIE JOHNSON, University of Denver
CHRISTOPHER RUDE, York University
Jan. 4, 4:45 pm
AEA
Richard T. Ely Lecture
Presiding: AVINASH DIXIT, Princeton University
SIR NICHOLAS STERN, HM Treasury, UK Government--Economics of Climate Change
Jan. 4, 6:00 pm
AFEA
Presidential Address and General Meeting
Jan. 4, 7:00 pm
AAEA
T.W. Schultz Memorial Dinner and Keynote Address
Presiding: ROBERT EVENSON, Yale University, and WALLACE HUFFMAN, Iowa State University
DANIEL MCFADDEN, University of California-Berkeley
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