Preliminary Announcement of the ASSA Program
Chicago, IL, January 5-7, 2007
This version includes all changes/corrections received by November 29. We will not update the program again.
(It is important to note that all sessions will be equipped with an overhead projector, and a LCD projector for PowerPoint presentations.)
LOCATION OF SESSIONS FOR 2007 IN CHICAGO. IF YOUR SESSIONS ARE IN THE SUMMIT YOUR SPECIAL EVENTS WILL BE IN THE HYATT REGENCY.
AAEA—Swissotel
ACE—Hyatt Regency
ACES—Swissotel
AEA—Hyatt Regency
AEDSB—Hyatt Regency
AERE—Summit
AFA—Hyatt Regency
AFE—Hyatt Regency
AFEA—Swissotel
AFEE—Swissotel
AIES—Hyatt Regency
AREUEA—Hyatt Regency
ASCE—Hyatt Regency
ASE—Swissotel
ASGE—Hyatt Regency
CEANA—Hyatt Regency
CES—Hyatt Regency
CS—Hyatt Regency
EPS—Hyatt Regency
EHA—Hyatt Regency
ES—Summit
ESA—Summit
HERO—Swissotel
HES—Hyatt Regency
IAEE—Hyatt Regency
IAFFE—Hyatt Regency
IEFS—Hyatt Regency
IHEA—Swissotel
INEM—Hyatt Regency
IOS—Hyatt Regency
ISIR—Hyatt Regency
ISNIE—Summit
ITFA—Summit
KAEA—Hyatt Regency
LERA—Hilton Chicago
MEEA—Hyatt Regency
NABE—Hyatt Regency
NAEE/NCEE—Hyatt Regency
NAEFA—Hyatt Regency
NAFE—Summit
NEA—Hyatt Regency
NTA—Hyatt Regency
ODE—Hyatt Regency
PSSI—Summit
SCE—Hyatt Regency
SED—Summit
SGE—Hyatt Regency
SPM—Hyatt Regency
TPUG—Hyatt Regency
URPE—Hyatt Regency
Thursday, January 4, 2007
Jan. 4, 6:30 pm
Plenary Lecture
Presiding: JOHN P. TIEMSTRA, Calvin College
JOHN M. GOWDY, Rensselaer Polytechnic Institute--Behavioral Economics and Sustainability
Friday, January 5, 2007
Jan. 5, 8:00 am
Whither Jobs and People?: Rural-Suburban-Urban Differences and Modern Growth Patterns (Q1)
Presiding: JEFFREY H. DORFMAN, University of Georgia
MARK D. PARTRIDGE, Ohio State University, DAN S. RICKMAN, Oklahoma State University, KAMAR ALI, and M. ROSE OLFERT, University of Saskatchewan--Employment Growth in the American Urban Hierarchy: Long Live Distance
CAROLINE CUNNINGHAM, MOLLY ESPEY, and KATHERINE H. KING, Clemson University--The Faces of Suburbanization
MITCH RENKOW, North Carolina State University--Employment Growth and the Allocation of New Jobs: Spatial Spillovers of Economic and Fiscal Impacts
Discussant: JEFFREY H. DORFMAN, University of Georgia
Jan. 5, 8:00 am
AEA
Labor Flows, Vacancies and Wages
Presiding: JOHN HALTIWANGER, University of Maryland
STEVE DAVIS, University of Chicago and NBER, R. JASON FABERMAN, U.S. Bureau of Labor Statistics, and JOHN HALTIWANGER, University of Maryland and NBER—The Micro Behavior of Vacancies and Hiring
ROBERT SHIMER, University of Chicago--Wage and Employment Dynamics with Mismatch
ERICA GROSHEN and SIMON POTTER, Federal Reserve Bank of New York—Why Don’t Temporary Layoffs Spike during Recessions Anymore?
Discussants: EVA NAGYPAL, Northwestern University
DALE MORTENSEN, Northwestern University
BRUCE FALLICK, Federal Reserve Board
Jan. 5, 8:00 am
AEA
The Economics of Natural Resources and the Environment (Q0)
Presiding: To be announced.
JEFFREY LAZO, National Center for Atmospheric Research, PETER LARSEN, University of Alaska-Anchorage, DONALD WALDMAN, University of Colorado-Boulder, and MEGAN HARROD, Stratus Consulting, Inc.—Sensitivity of the U.S. Economy to Weather Variability
BASHARAT PITAFI, Southern Illinois University, and JAMES ROUMASSET, University of Hawaii—The Resource Economics of Invasive Species
SARAH LOWDER, United Nations—Reducing Environmental Impact: Appropriate Country Strategies Based on Levels of Development
THOMAS A. WEBER and CLAIRE TOMKINS , Stanford University--Dynamic Allocation of Water Resources with Storage and Two-Sided Uncertainty: The Case of Southern California
Discussants: To be announced.
Jan. 5, 8:00 am
AEA
Transparency
Presiding: MARC-ANDREAS MUENDLER, University of California-San Diego and CESifo
MARC-ANDREAS MUENDLER, University of California-San Diego and CESifo—The Action Value of Information and the Natural Transparency Limit
STERGIOS SKAPERDAS, University of California-Irvine, and SAMARTH VAIDYA, Deakin University—Persuasion as a Contest
MAKSYMILIAN KWIEK, University of Southampton—Mass Media: Constrained Information and Heterogenous Public
Jan. 5, 8:00 am
AEA
Model Validation and Model Comparison (C5)
Presiding: MICHAEL KEANE, Yale University
KENNETH WOLPIN, University of Pennsylvania—Ex Ante Policy Evaluation, Structural Estimation and Model Selection
HANMING FANG, MICHAEL KEANE, Yale University, AHMED KHWAJA, MARTIN SALM, Duke University, and DAN SILBERMAN, University of Michigan—Using Data on Expectations to Validate a Structural Model of Investment in Health
JOHN GEWEKE, University of Iowa—Bayesian Model Comparison
Discussant: CHRIS SIMS, Princeton University
Jan. 5, 8:00 am
AEA
Monetary Aggregates and Monetary Policy (E5)
Presiding: SAMUEL REYNARD, Swiss National Bank
EDWARD NELSON, Federal Reserve Bank of St. Louis, JAVIER ANDRES, Universidad de Valencia, and DAVID LOPEZ-SALIDO, Bank of Spain—Money and the Natural Rate of Interest: Structural Estimates for the U.K., the U.S., and the Euro Area
SAMUEL REYNARD, Swiss National Bank—Money and the Great Disinflation
HUW PILL, BJOERN FISCHER, MICHELE LENZA, and LUCREZIA REICHLIN, European Central Bank—A Monetary History of the Euro Area 1999-2006
ANDREW FILARDO, Bank for International Settlements, and MICHAEL BORDO, Rutgers University and NBER—Money Still Makes the World Go Round: The Zonal View
Discussants: ATHANASIOS ORPHANIDES, Federal Reserve Board
EDWARD NELSON, Federal Reserve Bank of St. Louis
SAMUEL REYNARD, Swiss National Bank
CARL E. WALSH, University of California-Santa Cruz
Jan. 5, 8:00 am
AEA
The Market and Pre-Market for Graduate Students in Economics
Presiding: ALAN KRUEGER, Princeton University
PAUL OYER, Stanford University—Initial Positions, Long-Term Outcomes, and Organizational Structure in the Market for Economists
WAYNE A. GROVE, LeMoyne College, and STEPHEN WU, Hamilton College—The Search for Talent: Doctoral Completion and Research Productivity of Economists
SUSAN ATHEY, Stanford University, LAWRENCE KATZ, Harvard University, ALAN KRUEGER, Princeton University, STEVEN LEVITT, University of Chicago, and JAMES POTERBA, Massachusetts Institute of Technology—What Does Performance in Graduate School Predict? Graduate Economics Education and Outcomes of Graduate Students
Discussants: MICHAEL K. SALEMI, University of North Carolina-Chapel Hill
DAVID C. COLANDER, Middlebury College
WENDY A. STOCK, Montana State University
Jan. 5, 8:00 am
AEA
Macroeconomic Implications of Price Stickiness (E3)
Presiding: JOHN LEAHY, New York University
MICHAEL DOTSEY, Federal Reserve Bank of Philadelphia, ROBERT G. KING, Boston University, and ALEXANDER L. WOLMAN, Federal Reserve Bank of Richmond—Aggregate Dynamics of Inflation and Real Activity with Firm-Level Productivity Shocks
VIRGILIU MIDRIGAN, New York University—Menu Costs, Multi-Product Firms and Aggregate Fluctuations
PETER KLENOW, Stanford University, and JONATHAN WILLIS, Federal Reserve Bank of Kansas City—Empirical Evidence on Models of Rational Inattention
Jan. 5, 8:00 am
AEA
Recent Macroeconomic Stabilization (E3)
Presiding: JEFFREY CAMPBELL, Federal Reserve Bank of Chicago
ZVI HERCOWITZ, Tel Aviv University, and JEFFREY CAMPBELL, Federal Reserve Bank of Chicago—The Role of Collateralized Household Debt in Macroeconomic Stabilization
GIORGIO PRIMICERI, Northwestern University, and ALEJANDRO JUSTINIANO, Federal Reserve Board--The Time Varying Volatility of Macroeconomic Fluctuations
SYLVAIN LEDUC, Federal Reserve Board, and KEITH SILL, Federal Reserve Bank of Philadelphia—Monetary Policy, Oil Shocks, and TFP: Accounting for the Decline in U.S. Volatility
Discussants: GARY HANSEN, University of California-Los Angeles
KEVIN SALYER, University of California-Davis
JONAS FISHER, Federal Reserve Bank of Chicago
Jan. 5, 8:00 am
AEA
Heterogeneity in the Labor Market and Macroeconomic Fluctuations (E2)
Presiding: FRANÇOIS GOURIO, Boston University
FRANÇOIS GOURIO, Boston University, and PIERRE-ALEXANDRE NOUAL, University of Chicago—The Marginal Worker and the Aggregate Elasticity of Labor Supply
RONNI PAVAN, University of Rochester, and ALESSANDRO BARBARINO, University of Chicago and Duke University—Measuring Unemployment Composition over the Business Cycle
YONGSUNG CHANG, Seoul National University, MARK BILS, University of Rochester, and SUN-BIN KIM, Korea University—Cyclicality in Unemployment and Wages
CHRISTIAN HAEFKE and MICHAEL REITER, University of Pompeu Fabra—Labor Market Participation and the Business Cycle
Discussants: YONGSUNG CHANG, Seoul National University
RONNI PAVAN, University of Rochester
FRANÇOIS GOURIO, Boston University
Jan. 5, 8:00 am
AEA
Long-Run Growth
Presiding: DAVID WEIL, Brown University
JENNY MINIER, University of Kentucky—Nonlinearities and Robustness in Growth Regressions
ANTONIA J. SWANN, York University—Competition and Growth: The Key Role of R&D Duplication behind the Inverted U Relationship
FALI HUANG, Singapore Management University—The Coevolution of Economic and Political Development
NICOLE B. SIMPSON, Colgate University, WILLIAM BLANKENAU, Kansas State University, and MARC TOMLJANOVICH, Colgate University—Public Education Expenditures, Taxation and Growth: Linking Data to Theory
Discussants: PETER HOWITT, Brown University
NILS-PETTER LAGERLOEF, York University
ANN OWEN, Hamilton College
DAVID WEIL, Brown University
Jan. 5, 8:00 am
AEA
Multinational Firms and Development (F2, O3)
Presiding: ALEXANDER MONGE-NARANJO, Northwestern University
ALEXANDER MONGE-NARANJO, Northwestern University—Multinational Firms, International Diffusion of Skills and Development
PAUL BEAUDRY and PATRICK FRANCOIS, University of British Columbia—Firms as Schools: On the Job Learning as a Means of Technology Diffusion
ESTEBAN ROSSI-HANSBERG and GENE GROSSMAN, Princeton University—Trading Tasks: A Simple Theory of Offshoring
NATALIA RAMONDO, University of Chicago—Size, Geography, and Multinational Production
Jan. 5, 8:00 am
AEA
Capital Accumulation and the Cost of Capital
Presiding: SIMON GILCHRIST, Boston University
GIAN LUCA CLEMENTI, New York University, RUI CASTRO, University of Montreal, and GLENN MACDONALD, Washington University-St. Louis—Legal Institutions, Sectoral Heterogeneity, and Economic Development
FABIO NATALUCCI, Federal Reserve Board, SIMON GILCHRIST, Boston University, and EGON ZAKRAJSEK, Federal Reserve Board—Interest Rates and Investment Redux
NIHAL BAYRAKTAR, Pennsylvania State University-Harrisburg and World Bank, and PLUTARCHOS SAKELLARIS, Athens University of Economics and Business and IMOP—Firm Market Value and Investment: The Role of Firm Market Power and Different Types of Adjustment
MARCEL-CRISTIAN VOIA and HUNTLEY SCHALLER, Carleton University—Panel Cointegration Estimates of the Effect of Interest Rates, Capital Goods Prices, and Taxes on the Capital Stock
Jan. 5, 8:00 am
AEA
Constitutional Approaches to Explaining Trade Policy (F1)
Presiding: GERALD WILLMANN, University of Kiel
MATTIAS POLBORN, University of Illinois-Urbana-Champaign, and GERALD WILLMANN, University of Kiel—Referendum Timing
MIRABELLE MUULS and DIMITRA PETROPOULOU, London School of Economics—Oranges and Steel – A Swing State Theory of Trade Protection in the Electoral College
HEIN ROELFSEMA, University of Utrecht—Political Institutions and Trade Protection
GERALD WILLMANN, University of Kiel—Why Legislators Are Protectionists: The Role of Majoritarian Voting in Setting Tariffs
Discussants: EMILY BLANCHARD, University of Virginia
GIOVANNI FACCHINI, University of Illinois
DEVASHISH MITRA, Syracuse University
KISHORE GAWANDE, Texas A&M University
Jan. 5, 8:00 am
AEA
Markets, Information, and Strategic Behavior
Presiding: BRUCE MIZRACH, Rutgers University
JOSEPH ENGELBERG and JARED WILLIAMS, Northwestern University—Ebay’s Proxy System: A License to Shill
JIE LU and BRUCE MIZRACH, Rutgers University—Is Talk Cheap Online? Strategic Interaction in a Stock Trading Chat Room
JEFFREY ELY, Northwestern University, and TANJIM HOSSAIN, Hong Kong University of Science & Technology—Sniping and Squatting in Auction Markets
Discussants: To be announced.
Jan. 5, 8:00 am
AEA
Organizational Form (L2, H5, G3)
Presiding: JULIE WULF, University of Pennsylvania
PATRICK HERBST and JENS PRUFER, Goethe University-Frankfurt—Firms, Nonprofits, and Cooperatives: The Role of Organizational Form in the Provision of Quality
JEAN-MICHEL OUDOT, Centre ATOM, University Paris I Pantheon, Sorbonne—Cost Plus or Price Cap? The Choice in the French Defense Procurement Sector
JULIE WULF, University of Pennsylvania, AUGUSTIN LANDIER, New York University, and VINAY NAIR, University of Pennsylvania—Geographic Dispersion and Corporate Decision-Making
KRISHNAMURTHY SUBRAMANIAN, Emory University—Firm Boundaries in the New Economy: Theory and Evidence
Jan. 5, 8:00 am
AEA
Income Redistribution: Causes and Consequences (D3)
Presiding: FELIX OBERHOLZER-GEE, Harvard University
CHRISTINA FONG, Carnegie Mellon University, and FELIX OBERHOLZER-GEE, Harvard University—Justice and Redistribution
CLAUDIA SENIK, Université Paris-IV Sorbonne, and KARIN VAN DER STRAETEN, CNRS and Ecole Polytechnique Paris—The Anatomy of the Demand for Redistribution in Europe: An Investigation of the European Social Survey
ESTEBAN F. KLOR and MOSES SHAYO, Hebrew University of Jerusalem—Redistribution and Social Identity in the Labor
Discussants: ALOIS STUTZER, University of Zurich
IRIS BOHNET, Harvard University
JAMES FOWLER, University of California-Irvine
Jan. 5, 8:00 am
AEA
Natural Field Experiments in Development Economics (O1)
Presiding: ROHINI PANDE, Yale University
EDWARD MIGUEL, SARAH BAIRD, University of California-Berkeley, and MICHAEL KREMER, Harvard University—Experimental Evidence on Long-Run Impacts of Child Health in Kenya
DEAN KARLAN, Yale University, and JONATHAN ZINMAN, Dartmouth University—Derationing: Using Randomized Credit Supply Decisions to Measure Microfinance Impacts
BENJAMIN OLKEN, Harvard University—Monitoring Corruption: Evidence from a Field Experiment in Indonesia
Discussants: SEEMA JAYACHANDRAN, University of California-Los Angeles
ABHIJIT BANERJEE, Massachusetts Institute of Technology
CHRISTOPHER UDRY, Yale University
Jan. 5, 8:00 am
AFA
Determinants of Default Swap Spreads
Presiding: PIERRE COLLIN-DUFRESNE, University of California-Berkeley
PHILIPPE JORION and GAIYAN ZHANG, University of California-Irvine—Intra-Industry Credit Contagion: Evidence from the Credit Default Swap and Stock Markets
DRAGON YONGJUN TANG, Kennesaw State University, and HONG YAN, University of Texas-Austin—Liquidity, Liquidity Spillover, and Credit Default Swap Spreads
ANTJE BERNDT, Cornell University, AZIZ A. LOOKMAN, and JULIAN OBREJA, Carnegie Mellon University—Default Risk Premia and Asset Returns
Discussants: KENNETH SINGLETON, Stanford University
VIRAL ACHARYA, London Business School
KENT DANIEL, Northwestern University
Jan. 5, 8:00 am
AFA
Understanding Risks and Expected Returns
Presiding: JOSEPH CHEN, University of Southern California
ZHI DA and PENGJIE GAO, Northwestern University—Clientele Change, Liquidity Shock, and the Return on Financially Distressed Stocks
EVAN W. ANDERSON, ERIC GHYSELS, University of North Carolina-Chapel Hill, and JENNIFER L. JUERGENS, Arizona State University—The Impact of Risk and Uncertainty on Expected Returns
ANDREW ANG, ROBERT J. HODRICK, Columbia University, YUHANG XING, Rice University, and XIAOYAN ZHANG, Cornell University—High Idiosyncratic Volatility and Low Returns: International and Further U.S. Evidence
Discussants: TARUN CHORDIA, Emory University
CHRISTOPHER JONES, University of Southern California
TIM JOHNSON, London Business School
Jan. 5, 8:00 am
AFA
International Comparisons
Presiding: RAFAEL LA PORTA, Dartmouth College
FRANKLIN ALLEN, University of Pennsylvania, LAURA BARTILORO, Bank of Italy, and OSKAR KOWALEWSKI, Leon Kozminski Academy of Entrepreneurship and Management—Does Economic Structure Determine Financial Structure?
HEITOR ALMEIDA, New York University, MURILLO CAMPELLO, University of Illinois-Urbana-Champaign, and CROCKER H. LIU, New York University—The Financial Accelerator: Evidence from International Housing Markets
BERNARD YIN YEUNG, New York University, LUBOMIR P. LITOV, Washington University-St. Louis, and KOSE JOHN, New York University—Corporate Governance and Corporate Risk Taking: Theory and Evidence
Discussants: LUIGI ZINGALES, University of Chicago
JEREMY STEIN, Harvard University
PETER TUFANO, Harvard Business School
Jan. 5, 8:00 am
AFA
Corporate Governance
Presiding: SIMI KEDIA, Rutgers University
MICHAEL H. BRADLEY, ALON BRAV, Duke University, ITAY GOLDSTEIN, University of Pennsylvania, and WEI JIANG, Columbia University—Costly Communciation, Shareholder Activism, and Limits to Arbitrage
DALIDA KADYRZHANOVA, Columbia University—Does Governance Pay, or Is Entrenchment the Way? Merger Gains and Antitakeover Provisions
SHANE A. JOHNSON, TED MOORMAN, and SORIN M. SORESCU, Texas A&M University—Governance, Stock Returns, and Market Efficiency
Discussants: LAURA STARKS, University of Texas-Austin
S. RAVID, Rutgers University
KENNETH LEHN, University of Pittsburgh
Jan. 5, 8:00 am
AFA
Executive Compensation and Corporate Governance
Presiding: MILTON HARRIS, University of Chicago
PRAVEEN KUMAR and NISAN LANGBERG, University of Houston—Overinvestment and Corporate Fraud in Efficient Capital Markets
ULF AXELSON, Swedish Institute for Financial Research, and SANDEEP BALIGA, Northwestern University—Optimal Executive Compensation with Renegotiation: Explaining Earnings Manipulation and Vesting Schedules
GUSTAVO MANSO, Stanford University—Motivating Innovation
Discussants: OGUZHAN OZBAS, University of Southern California
HARESH SAPRA, University of Chicago
MORTEN SORENSEN, University of Chicago
Jan. 5, 8:00 am
AFA/AFE
Dividends and Stock Repurchases
Presiding: KOSE JOHN, New York University
AMY CHUN-CHIA CHANG, PRAVEEN KUMAR, and SHIVA SIVARAMAKRISHNAN, University of Houston—Dividend Changes, Cash Flow Predictability, and Signaling of Future Cash Flows
RADHAKRISHNAN GOPALAN, University of Michigan-Ann Arbor, VIKRAM K. NANDA, Arizona State University, and AMIT SERU, University of Michigan-Ann Arbor—Do Business Groups Use Dividends to Fund Investments?
GERARD HOBERG, and NAGPURNANAND R. PRABHALA, University of Maryland—Dividend Policy, Risk, and Catering
Discussants: DOUGLAS SKINNER, University of Chicago
AVNER KALAY, Tel Aviv University
MICHAEL BRENNAN, University of California-Los Angeles
Jan.5, 8:00 am
AREUEA
Homeownership and Housing Policy
Presiding: EDGAR O. OLSEN, University of Virginia
DONALD R. HAURIN, Ohio State University, and STUART S. ROSENTHAL, Syracuse University--Language, Agglomeration, and Hispanic Homeownership
GEORGE C. GALSTER and ANNA M. SANTIAGO, Wayne State University--No Place Like Home? Experiences of Recent, Low-Income Homebuyers
STUART S. ROSENTHAL and MICHAEL D. ERIKSEN, Syracuse University--Crowd-Out, Stigma, and the Effect of Place-Based Subsidized Rental Housing on Neighborhoods
FRANÇOIS DES ROSIERS, Laval University, and MARION STEELE, University of Guelph--Superstar Cities, Condominiums and the Low Income Housing Tax Credit: Is the Contribution of LIHTC to Total Tax Expenditures Less Than it Seems?
Discussants: EDWARD COULSON, Pennsylvania State University
STUART ROSENTHAL, Syracuse University
AMY SCHWARTZ, New York University
KERRY VANDELL, University of California-Irvine
Jan. 5, 8:00 am
AREUEA
Economics of Mortgage Markets
Presiding: TODD SINAI, University of Pennsylvania
ANDREA HEUSON and TIE SU, University of Miami--Mortgage Delivery Options: An Innovation to Improve the Risk/Return Tradeoff in Residential Mortgage Lending
NELA RICHARDSON and DOUGLAS A. MCMANUS, Freddie Mac--Multi-Sided Platforms: An Application to Secondary Mortgage Markets
LYNN M. FISHER, Massachusetts Institute of Technology, and ROBERT VAN ORDER, University of Michigan--The Economics of the Mortgage and Mortgage Institutions
SHANE M. SHERLUND, Federal Reserve Board--The Jumbo-Conforming Spread: A Semiparametric Reexamination
Discussants:
NENG WANG, Columbia University
YONGHENG DENG, University of Southern California
ALBERT SAIZ, University of Pennsylvania
BRENT AMBROSE, Pennsylvania State University
Jan. 5, 8:0 0am
ACES
Presiding: JOHN BENNETT, Brunel University,West London
KATHERINA GASSNER, World Bank, ALEXANDER POPOV, University of Chicago, and NATALIYA PUSHAK, World Bank—An Empirical Assessment of Private Sector Participation in Electricity and Water Distribution in Developing Countries
EDUARDO ENGEL, Yale University, RONALD FISCHER, University of Chile, and ALEXANDER GALETOVIC, University of the Andes--The Basic Public Finance of Public-Private Partnerships
JOHN BENNETT and ELISABETTA IOSSA, Brunel University--Contracting Out Public Service Provision to Not-for-Profit Firms
RUSSELL PITTMAN, U.S. Department of Justice and New Economic School, Moscow--Will the Train Ever Leave the Station? The Private Provision of Freight Railway Service in Russia and Central and Eastern Europe
Discussants: MARK SCHAFFER, Heriot-Watt University
HADI ESFAHANI, University of Illinois-Urbana-Champaign
AL SLIVINSKI, University of Western Ontario
SERGEI GURIEV, New Economic School, Moscow
Jan. 5, 8:00 am
AFEE/ASE
Continuity and Change: Policy Implications from Social and Institutional Economics (O1)
Presiding: CHRISTOPHER NIGGLE, University of Redlands
MAYO TORUNO, California State University-San Bernardino--The State and the Abundant Society
PHILLIP O’HARA, Curtin University, Australia--The Global Spread of AIDS and HIV: Causes, Consequences, and Governance
LAURA J. TAYLOR, Willamette University--Informal Institutions and the Transition in Rural Russia
MICHAEL CARROLL, Bowling Green State University, MARY WRENN, Weber State University, JAMES RONALD STANFIELD, Colorado State University--Toward Community-Based Community Development
HAMID HOSSEINI, King’s College--Why both Formal and Informal Institutions Matter in
Economic Development: Explaining the Change of Lewisian Dualism to a (New?) Formal-
Informal Dichotomy
Discussant: CHRISTOPHER NIGGLE, University of Redlands
Jan. 5, 8:00 am
ASE/IAFFE
Bringing Households and Social Reproduction in Strategies for Sustainability
Presiding: ELLEN MUTARI, Richard Stockton College of New Jersey
ELISSA BRAUNSTEIN, Colorado State University--Women's Nonmarket Work, Gender Inequality, and Economic Growth in East Asia and Latin America
S. CHARUSHEELA, University of Hawaii-Manoa, and COLIN DANBY, University of Washington, Bothell--When is "The Household"?
MARILYN POWER, Sarah Lawrence College--Feminist and Ecological Economics: Applying a Social Provisioning Approach to an Analysis of the Effects of Natural Disasters
JANE WHEELOCK, University of Newcastle--Social Reproduction and Sustainability: The Role of Art
Discussants: JOHN DAVIS, University of Amsterdam and Marquette University
ELLEN MUTARI, Richard Stockton College of New Jersey
Jan. 5, 8:00 am
ASCE
The Cuban Economy
Presiding: ROGER BETANCOURT, University of Maryland-College Park
MARIO A. GONZALEZ CORZO, Lehman College, City University of New York, and SCOTT LARSON, Graduate Center, City University of New York--Cuba’s Unique Remittance Landscape: A Comparative Perspective
ERNESTO HERNÁNDEZ-CATÁ, Johns Hopkins University--A Theory of Transition: The Case of the Former Soviet Union
CARLOS SEIGLIE, Rutgers University-Newark--Socioeconomic Differences between the Races in Cuba and Their Implications for a Transition
Discussants: JORGE SANGUINETTY, DevTech Systems, Inc.
LUIS LOCAY, University of Miami
BRYAN ROBERTS, U.S. Department of Homeland Security
Jan. 5, 8:00 am
ACE
Making Markets Work for the Rural Poor
Presiding: CHRISTOPHER B. BARRETT, Cornell University
PAUL N. WILSON, University of Arizona, and JOHN E. STAPLEFORD, Eastern University-- Transformational Development: A “Slow Fast” Alternative for Economic Growth
CRAIG GUNDERSEN, Iowa State University, and THOMAS KELLY, RKDev Consulting--Catholic Social Teaching and the Allocation of Scarce Resources to Address Problems of Poverty
TRACY C. MILLER, Grove City College--What Role Can Changes in Institutions and Policies Affecting Access to Property Rights Play in Facilitating Escape from Poverty in Developing Countries?
DUNCAN BOUGHTON, DAVID TSCHIRLEY, Michigan State University, CHRISTOPHER B. BARRETT, Cornell University, and RUI BENFICA, Michigan State University--The Determinants of Market Participation by Poor Rural Households in Sub-Saharan Africa: An Asset-Based Approach
Jan. 5, 8:00 am
AERE
Environmental Conflict and Cooperation (Q5)
Presiding: W. MICHAEL HANEMANN, University of California-Berkeley
JUAN-PABLO MONTERO, Catholic University of Chile--A Simple Auction Mechanism for the Optimal Allocation of the Commons
SUNG HOON PARK, Korean University, and JASON F. SHOGREN, University of Wyoming--Environmental Citizen Suits with Pigovian Punitive Damages
SHLOMI DINAR, Florida International University, ARIEL DINAR, Johns Hopkins University School of Advanced International Studies, and PRADEEP KURUKULASURIYA, Yale University--SCARPERAION: An Empirical Inquiry into the Role of Scarcity in Fostering Cooperation Between International River Riparians
CATHERINE NORMAN, Johns Hopkins University, and BEVIN ASHENMILLER, Occidental College--Anti-SLAPP Legislation and Citizen Enforcement: Measuring the “Chill” of Strategic Law Suits
Discussants: GLENN BLOMQUIST, University of Kentucky
NICHOLAS FLORES, University of Colorado-Boulder
EMMA HUTCHINSON, University of Victoria
JULIO VIDERAS, Hamilton College
Jan. 5, 8:00am
AIES
Issues in Financial Aspects of Growth (C0, G1, G2)
Presiding: TEJ K. KAUL, Eastern Illinois University
SUHAS KETKAR, Vanderbilt University—Corporate Bonds: A Case Study of RIBs and IMDs
RENU KALLIANPUR, AXA Advisors, and SAUL MEKIES, University of Iowa—Sequential Game Theory and an Asian Euro
KUSUM KETKAR, Yeshiva University—Financial Markets and Liberalization
VANDANA RAO, Indiana University East—Key Risk Indicators in Financial Institutions
ATRAYEE GHOSH ROY, Minnesota State University-Mankato, and HENDRIK VAN DEN BERG, University of Nebraska—Twin Deficits, Hard Landing and U.S. Growth
DANIEL LAZAR, JOSEPH JEYAPAUL, Loyola College, and SHAILENDRA GAJANAN—Tax-Loss Selling and the April Effect: Evidence from BSE Sensex
KISHORE KULKARNI, Metropolitan State College, and DEBASIS BHATTACHARYA, University of Denver—Economic Liberalization in India, Objectives, Reforms and Perspectives
Discussants: JYOTHI KHANNA, Colgate University
DEBASRI MUKHERJEE, Western Michigan University
MONICA DAS, Skidmore College
SUBHASH SHARMA, Southern Illinois University
ATRAYEE GHOSH ROY, Minnesota State University-Mankato
Jan. 5, 8:00 am
CS
The Economic History of Trade and Growth
Presiding: JOSEPH P. FERRIE, Northwestern University
GUILLAUME DAUDIN, University of Edinburgh and OFCE, Sciences Po Paris—A Geography of Domestic Trade in the Late 18th Century France
DAVID S. JACKS and KRISHNA PENDAKUR, Simon Fraser University—Global Trade and the Maritime Transport Revolution
NOEL D. JOHNSON, California State University-Long Beach—Political Instability, Institutions, and Economic Growth: 1860-2000
MAX-STEPHAN SCHULZE, London School of Economics, and NIKOLAUS WOLF, Free University of Berlin—Harbingers of Dissolution? Grain Prices, Borders, and Nationalism in the Late-Nineteenth century Habsburg Empire
Discussants: KRIS MITCHENERE, Santa Clara University
ERIC HILT, Wellesley College
DOUG IRWIN, Dartmouth College
MARC WEIDENMEIR, Claremont McKenna College
Presiding: ROD GARRATT, University of California-Santa Barbara
ALOISIO ARAUJO, IMPA and Getúlio Vargas Foundation, and BRUNO FUNCHAL, Getúlio Vargas Foundation--How Much Debtors' Punishment?
MARZENA ROSTEK and MAREK WERETKA, Yale University--Institutional Investors and CAPM
YINGYAO HU, University of Texas, and WEI TAN, State University of New York-Stony Brook--Empirical Testing of Adverse Selection and Moral Hazard in the Consumer Credit Card Market
ROD GARRATT, University of California-Santa Barbara, and TODD KEISTER, Federal Reserve Bank of New York--Bank Runs as Coordination Failures: An Experimental Study
Presiding: IVAN FERNANDEZ-VAL, Boston University
YONGMIAO HONG and WENJIE ZHANG, Cornell University--An Improved Nonparametric Entropy Estimator for Serial Dependence
TIEMEN WOUTERSEN, Johns Hopkins University--A Simple Way to Calculate Confidence Intervals for Partially Identified Parameters
BRENT KREIDER, Iowa State University, and JOHN PEPPER, University of Virginia--Identification of Binary Outcome Distributions with Multiplicative Contamination
IVAN FERNANDEZ-VAL, Boston University, and FRANK VELLA, Georgetown University--Bias Corrections for Two-Step Fixed Effects Panel Data Estimators
Presiding: ERIC RENAULT, University of North Carolina
MICHAEL JANSSON, University of California-Berkeley--Semiparametric Power Envelopes for Tests of the Unit Root Hypothesis
MATTHEW HARDING, Massachusetts Institute of Technology and Harvard University, and JERRY HAUSMAN, Massachusetts Institute of Technology--Semi-Parametric Estimation of the Taste Distribution in Random Coefficients Logit Models
THOMAS A. SEVERINI, Northwestern University, and GAUTAM TRIPATHI, University of Connecticut—Estimating Linear Functionals of Nonparametric Regression Models with Endogenous Regressors
MARINE CARRASCO, Universite de Montreal--Instrumental Variables Estimators Based on Principal Components
Jan. 5, 8:00 am
ES
Empirical and Experimental Studies of Strategic Voting
Presiding: JOHN DUFFY, University of Pittsburgh
DAVID K. LEVINE, Washington University-St. Louis, and THOMAS PALFREY, Princeton University-- The Paradox of Voter Participation: An Experimental Study
JOHN DUFFY, University of Pittsburgh, and MARGIT TAVITS, University of Missouri--Beliefs and Voting Decisions: A Test of the Pivotal Voter Model
MARCO
BATTAGLINI, Princeton University, REBECCA MORTON, New York University, and
THOMAS PALFREY, Princeton University--The Swing Voter's Curse in the Laboratory
STEPHEN COATE, Cornell University, MICHAEL CONLIN, Michigan State University, and ANDREA MORO, Federal Reserve Bank of New York--The Performance of the Pivotal Voter Model in Small-scale Elections: Evidence from Texas Liquor Referenda
Discussants: MICHAEL CONLIN, Michigan State University
MARCO BATTAGLINI, Princeton University
JOHN DUFFY, University of Pittsburgh
DAVID K. LEVINE, Washington University-St. Louis
Presiding: JEAN-MARC ROBIN, Universite Paris 1, University College London, IFS and CEPR
HAMISH
LOW, University of Cambridge, COSTAS MEGHIR, University College London,
and LUIGI PISTAFERRI, Stanford University--Wage Risk and Employment Risk over
the Life Cycle
JOSEPH G. ALTONJI, ANTHONY A. SMITH, and IVAN VIDANGOS, Yale University-- Modeling Earnings Dynamics
JESPER
BAGGER, University of Aarhus, FRANCOIS FONTAINE, University of Strasbourg,
FABIEN POSTEL-VINAY, University of Bristol and PSE, JEAN-MARC ROBIN, Universite
Paris 1 and University College London--A Feasible Equilibrium Model of
Individual Wage Dynamics With Human Capital Accumulation
MAGALI
BEFFY, CREST-INSEE, MOSHE BUCHINSKY, University of California-Los Angeles,
DENIS FOUGÈRE, CREST-INSEE, THIERRY KAMIONKA , CREST-INSEE and FRANCIS KRAMARZ,
CREST-INSEE--The Returns to Seniority in France (and Why Are They Lower than in
the U.S)
ES
Firms’ Behavior, Financial Imperfections, and the Macroeconomy
Presiding: VIVIAN ZHANWEI YUE, New York University
VIVIAN ZHANWEI YUE, New York University, and URBAN JERMANN, University of Pennsylvania--Interest Rate Swaps and Corporate Swap
CRISTINA
ARELLANO, University of Minnesota, YAN BAI, Arizona State University, and
JING ZHANG, University of Michigan--Enforcement, Incomplete Contracts and Firms
MIKLOS KOREN, Federal Reserve Bank of New York, LASZLO HALPERN, Hungarian Academy of Sciences, and ADAM SZEIDL, University of California-Berkeley--Imports and Productivity
ESPEN HENRIKSEN, University of Oslo--Post-war Capital Restrictions, Demographics and Welfare Costs
Discussants: ADRIEN VERDELHAN, Boston University
ERWAN QUINTIN, Federal Reserve Bank of Dallas
DOIREANN FITZGERALD, University of California-Santa Cruz
MARCELO OVIEDO, Iowa State University
Jan. 5, 8:00 am
HERO
The Economics of Obesity
Presiding: TOMAS PHILIPSON, University of Chicago
JOHN CAWLEY, JOHN MORAN, and KOSALI SIMON, Cornell University—You Can Never Be Too Rich or Too Thin
JAY BHATTACHARYA and KATE BUNDORF, Stanford University—Incidence of Health Care Costs of Obesity
LAN LIANG and BARBARA SCHONE, Agency for Healthcare Research and Quality—Health Insurance and Obesity
Discussants: DIANE WHITEMORE-SCHANZENBACH, University of Chicago
JESSE SHAPIRO, University of Chicago
MICHAEL GROSSMAN, City University of New York
HES
The Nature and Significance of Economic Science: Robbins’ Essay, 75 Years On (B2)
Presiding: BRADLEY W. BATEMAN, Grinnell College
SUSAN HOWSON, University of Toronto--The Making of Robbins’ Essay
ROGER E. BACKHOUSE, University of Birmingham, and STEVEN G. MEDEMA, University of Colorado-Denver--Defining Economics: Robbins’ Essay in Theory and Practice
GARY S. BECKER, University of Chicago--Robbins’ Essay and the Scope of Economics
WILLIAM BAUMOL, New York University—The Essay: Static Versus Intertemporal Welfare Issues
Jan. 5, 8:00 am
LERA
Representing Workers without Majority Union Status: Why Not? Why Now?
Presiding: ROBERT BRUNO, University of Illinois-Urbana Champaign
STEVE YOKICH, Cornfield and Feldman
MARVIN GITTLER, Asher, Gittler, Greenfield & D’Alba
LAURIE BURGESS, Katz, Freidman, Eagle, Eisenstein & Johnson
ANDY KRAMER, Jones Day
TONY DOMBROW, Laner Muchin
KEITH KELLEHER, SEIU Local 880
Jan. 5, 8:00 am
LERA
Presiding: DANA WEINBERG, Queen’s College
TIMOTHY VOGUS, Vanderbilt University—Organizing for Patient Safety on Hospital Nursing Units
JODY HOFFER GITTELL, Brandeis University—Coordinating Patient Care: A Social Capital Model of High Performance Work Systems
SAUL RUBINSTEIN and CHARLES HECKSCHER, Rutgers University—Organizational Collaboration and the Quality of Health Care Delivery
ANN FROST, University of Western Ontario, BRIAN GOLDEN, University of Toronto, and CLAUDIO MARTIN, University of Western Ontario—Coordinating Patient Care in the Intensive Care Unit
Discussant: SUZANNE GORDON
Jan. 5, 8:00 am
LERA
AILR/LERA Best Papers
Presiding: BRUCE KAUFMAN, Georgia State University
BEN DUNFORD, DEIDRA SCHLEICHER, and LIANG ZHU, Purdue University--Consequences of Employee Investments in Company Stock: More Harm than Good or Just Unnecessary
VIDU BADIGANNAVAR, University of Birmingham--Does Labor-Management Partnership Deliver Mutual Gains? Evidence from the UK Public Service
PAUL WILLMAN and ALEX BRYSON, London School of Economics--Accounting for Collective Action: Resource Acquisition and Mobilization in British Unions
PATRICE JALETTE, University of Montreal, and ROBERT HEBDON, McGill University--Union Response to Public Sector Restructuring: Strategic Choices or Single-Minded Opposition?
CRAIG MACMILLAN, Macquarie University--Internal Labor Markets: An Institutional Perspective on Recent Research in Personnel Economics
DANIELLE VAN JAARSVELD, University of British Columbia--Boom & Bust: Lessons from the IT Workforce
Jan. 5, 8:00 am
MEEA
Exchange Rate Regimes and Economic Performance in the Middle East and North Africa (F3)
Presiding: ADAM B. ELHIRAIKA, United Nations Economic Commission for Africa
MAHMOUD ABDELBAKY, Southern Illinois University--Identifying “De-Facto” Exchange Rate Regimes in MENA (An Alternative Markov Switching Approach)
ELIAS EL-ACHKAR, Association of Banks in Lebanon, and WASSIM SHAHIN, Lebanese American University--Conventional Fixed Peg Arrangements and Price Stability in Select MENA Countries
MOHAMED BENBOUZIANE and ABDELHAK BENAMAR, University of Tlemcen, Algeria--The Impact of Exchange Rate Regimes on the Real
BASSEM KAMAR, International Monetary Fund, and DAMYANA BAKARDZHIEVA, University of Monaco--Reconciling Monetary Policy and Exchange Rate Policy to Enhance Growth: Application to Egypt
HAWKAT HAMMOUDEH, Drexel University, and EISA ALEISA, International Monetary Fund--A Common Currency Peg in the GCC Area: The Optimal Choice of Exchange Rate Regime
Discussants: JAY SQUALLI, Zayed University, UAE
RIZA DEMIRER, Southern Illinois University-Edwardsville
ALI F. DARRAT, Louisiana Tech University
A.YASEMIN YALTA, Fordham University
VUSLAT US, Central Bank of Turkey
Jan. 5, 8:00 am
NEA
Crime, Criminal Justice, and African Americans (D0)
Presiding: JOHN A. KARIKARI, U.S. Government Accountability Office
KWABENA GYIMAH-BREMPONG, University of South Florida, and JULIET ELU, Spelman College--Does Affirmative Action in Policing Increase Crime?
GREGORY PRICE, Jackson State University--Crime and Obesity
PATRICK MASON, Florida State University--Race and Sentencing in the United States
GREGORY PRICE, Jackson State University--Broken Windows in the ‘Hood: Crime and Housing Characteristics
Discussants: JOHN A. KARIKARI, U.S. Government Accountability Office
ELIZABETH ASIEDU, University of Kansas
SUSAN
FEINER, University of Southern Maine
JULIET ELU, Spelman College
Jan. 5, 8:00 am
NAEFA
Industrial Organization (L0)
Presiding: MUHAMMAD MUSTAFA, South Carolina State University
JAMES A. BROX, University of Waterloo--Investment in Information and Communications Technology and the Canadian Productivity Gap
LUIS SAN VICENTE PORTES, Montclair State University--Multinational Corporations and the Moderation of U.S. Output Volatility
STEPHEN RUBB, Sacred Heart University, and MICHAEL A. QUINN, Bentley College--Education-Occupation Matching and Family Migration in the United States
JOSHUA J. LEWER, West Texas A&S University--Growth Determinants for Columbia: National and Regional panel Data Evidence, 1964-2002
BRADLEY T. EWING, Rawls College of Business, and PHANINDRA V. WUNNAVA, Middlebury College—Characterizing the Long-Run Relationship between Union and Non-Union Wages in a Vector Error Correction Framework
Discussants: MEHDI HARIRIAN, Bloomsburg University
KWAN KIM, University of Notre Dame
MATIUR RAHMAN, McNeese State University
Jan. 5, 8:00 am
SGE
Child Care and the American Time Use Survey
Presiding: CHARLENE M. KALENKOSKI, Ohio University
CHARLENE M. KALENKOSKI, Ohio University, DAVID C. RIBAR, George Washington University, and LESLIE S. STRATTON, Virginia Commonwealth University--Family Structure and Adolescents’ Time Use
JEAN KIMMEL, Western Michigan University, and RACHEL CONNELLY, Bowdoin College--Time Allocation in a Family Setting: Constructing Synthetic Couples with the ATUS
MARY DORINDA ALLARD, U.S. Bureau of Labor Statistics, SUZANNE BIANCHI, University of Maryland, and JAY STEWART, U.S. Bureau of Labor Statistics--How Does Employment Affect the Timing of Time with Children?
ANNE E. WINKLER and THOMAS R. IRELAND, University of Missouri-St. Louis--Time Spent in Household Management: Implications for Forensic Economic Analysis
Discussants: NANCY FOLBRE, University of Massachusetts
LESLIE STRATTON, Virginia Commonwealth University
IRINA PALEY, U.S. Department of the Treasury
SABRINA PABILONIA, U.S. Bureau of Labor Statistics
OZGE OZAY, University of Utah—Price-Wage Determination Mechanisms in the Turkish Textile Sector: 1980-2005
EMEL MEMIS, University of Utah—A Sectoral Analysis of Wages and Profitability Trends Under the Export- Led Regime in the Turkish Manufacturing Industry
OZGE IZDES, University of Utah—Evolution of Labor Market in the Structural Adjustment Era- Case of Turkey
OZDEN BIRKAN, University of Utah—Alternative Measures of Currency Substitution in Turkey
Discussant: BENAN ERES, Ankara University, Turkey
Jan. 5, 8:00 am
URPE/IAFFE
Gender and Development: Assessing Investments, Empowerment Strategies, and
Measuring Women’s Progress (O1)
Presiding: GUNSELI BERIK, University of Utah
CAREN GROWN, DIANE ELSON, Levy Economics Institute at Bard College, CHANDRIKA BAHADUR, and JESSIE HANDBURY, UN Millennium Project—The Financial Requirements of Achieving Gender Equality and Women’s Empowerment in Low Income Countries
RAMYA M. VIJAYA, Richard Stockton College—Trade, Jobs, and Gender Trends
SUCHARITA SINHA, University of California-Riverside—The Conundrum of Development: Increasing Literacy and Female Disadvantage in Urban India
FARIDA C. KHAN, University of Wisconsin-Parkside—Localizing Gender Development Indices: The South Asian Particular
Discussants: GUNSELI BERIK, University of Utah
JERRY EPSTEIN, University of Massachusetts-Amherst
STEPHANIE SEGUINO, University of Vermont
Jan. 5, 10:15 am
AFEA
Institutions, Policy and Micro and Sectoral Performance in African Countries
Presiding: OLADELE OMOSEGBON, Indiana Wesleyan University
MESFIN BEZUNEH and ZELEALEM YIHEYIS, Clark Atlanta University—Has Trade Liberalization Reduced the Incidence of Malnutrition in Developing Countries?
KWABIA BOATENG, UNECA—Higher Education and the Labor Market: A Logical Framework for Policy Makers in Africa’s Education Sector
MINA BALIAMOUNE-LUTZ, University of North Florida, and LEONCE NDIKUMANA, University of Massachusetts—The Growth Effects of Openness to Trade and the Role of Institutions: The Case of Sub-Saharan Africa
ELIZABETH ASIEDU, University of Kansas, and BOAZ NANDWA, Yale University—Explaining the Differences in HIV/AIDS Infection Rates in Sub-Saharan Africa
Discussants: DANIEL GBETNKOM, University of Yaounde II
MESHACH AZIAKPONO, Rhodes University, South Africa
AKPAN H. EKPO, University of Uyo, Nigeria
ALADELE OMOSSEGBON, Indiana Wesleyan University
Jan. 5, 10:15 am
AAEA
Wealth Dynamics, Risk Preferences, and Threshold Effects (Q1)
Presiding: TRAVIS J. LYBBERT, University of California-Davis
TRAVIS J. LYBBERT, University of California-Davis, and CHRISTOPHER B. BARRETT, Cornell University—Risk Responses to Dynamic Asset Thresholds
DAVID BUSCHENA, JOSEPH ATWOOD, Montana State University,and DAVID ZILBERMAN, University of California-Berkeley—Risk Attitudes for Income under Discrete Status Levels, with Application to Financial Transaction Costs
DAVID R. JUST, Cornell University--Wealth as Welfare: Are Wealth Thresholds Behind Persistent Poverty?
Discussant: MICHAEL CARTER, University of Wisconsin-Madison
Jan. 5, 10:15 am
AEA
Capital Market Frictions (G1)
Presiding: LASSE HEJE PEDERSEN, New York University
MARK SEASHOLES and TERRENCE HENDERSHOTT, University of California-Berkeley—Market Maker Inventories and Stock Prices
LASSE HEJE PEDERSEN, New York University—Capital Flows and Corporate Bond Yields
ADAM ASHCRAFT, Federal Reserve Bank of New York, and DARRELL DUFFIE, Stanford University—Systemic Illiquidity in the Federal Funds Market
Discussants: GIDEON SAAR, Cornell University
HONGJUN YAN, Yale University
GUILLAUME PLANTIN, London Business School
Jan. 5, 10:15 am
AEA
The Interrelationship between Cognitive and Non-Cognitive Skills (J3)
Presiding: GARY S. BECKER, University of Chicago
FLAVIO CUNHA and JAMES HECKMAN, University of Chicago—The Evolution of Cognitive and Non-Cognitive Skills over the Lifecycle of the Child
LEX BORGHANS, HUUB MEIJERS, and BAS TER WEEL, Maastricht University—The Importance of Non-Cognitive Skills for Cognitive Test Scores
SHANE FREDERICK, Massachusetts Institute of Technology—Cognitive Reflection and Decision Making
Discussants: LEX BORGHANS, Maastricht University
BRIAN A. JACOB, Harvard University
CATHERINE J. WEINBERGER, University of California-Santa Barbara
Jan. 5, 10:15 am
AEA
Behavioral Game Theory (C9)
Presiding: JOSEPH TAO-YI WANG, California Institute of Technology
JOSEPH TAO-YI WANG, MORAN SURF, and COLIN F. CAMERER, California Institute of Technology—Studying Learning in Games Using Eye-Tracking
MIGUEL A. COSTA-GOMES, University of York, and VINCENT P. CRAWFORD, University of California-San Diego—Studying Cognition by Monitoring Information Search in Guessing Games
MEGHANA BHATT, California Institute of Technology, TERRY LOHRENZ, READ MONTAGUE, Baylor College of Medicine, and COLIN F. CAMERER, California Institute of Technology—The Neural Mechanisms of Second Order Belief and Deception in Bargaining Games with Cheap Talk
Discussants: VINCENT P. CRAWFORD, University of California-San Diego
COLIN F. CAMERER, California Institute of Technology
DAVID K. LEVINE, University of California-Los Angeles
Jan. 5, 10:15 am
AEA
Intrinsic Motivation, Organization and Institutions
Presiding: PAUL GROUT, University of Bristol
TIMOTHY BESLEY and MAITREESH GHATAK, London School of Economics—Organization Design with Motivated Agents
PATRICK FRANCOIS, University of British Columbia—Norms and Institutional Change
PAUL GROUT, University of Bristol, and WENDELIN SCHNEDLER, University of Heidelberg—Why is Donated Labor in Organizations So Delicate?
SHEEN S. LEVINE, Singapore Management University, and EDWARD J. ZAJAC, Northwestern University—The Social Life of Financial Bubbles
Jan. 5, 10:15 am
AEA
Asymmetric Information and Moral Hazard in Insurance Markets (D8)
Presiding: HANMING FANG, Yale University
PATRICK BAJARI, University of Minnesota, HAN HONG, and AHMED KHWAJA, Duke University—Semiparametric Analysis of Adverse Selection and Moral Hazard in Health Insurance Contracts
AMY FINKELSTEIN and JAMES POTERBA, Massachusetts Institute of Technology—Testing for Adverse Selection with “Unused Observables”
LIRAN EINAV, Stanford University, and AMY FINKELSTEIN, Massachusetts Institute of Technology—The Costs and Benefits of Choice in Social Insurance: Evidence from the UK Annuity Market
HANMING FANG, Yale University, MICHAEL KEANE, University of Technology, Australia, and DAN SILVERMAN, University of Michigan—Sources of Advantageous Selection: Evidence from the Medigap Insurance Market
Discussants: SUSUMU IMAI, Queens University, Canada
LIMOR GOLAN, Carnegie Mellon University
ALESSANDRO LIZERRI, New York University
JEFFREY BROWN, University of Illinois-Urbana-Champaign
Jan. 5, 10:15 am
AEA
Capital Flows and Productivity (F2)
Presiding: SEBNEM KALEMLI-OZCAN, University of Houston and NBER
SEBNEM KALEMLI-OZCAN, University of Houston and NBER, MEHMET EKINCI, University of Rochester, and BENT SORENSEN, University of Houston—Wny Are Capital Flows between Regions So Different from Capital Flows between Countries? Evidence from Europe
AYHAN KOSE, ESWAR PRASAD, and MARCO TERRONES, International Monetary Fund—How Does Globalization Effect Risk Sharing? Patterns and Channels
PIERRE-OLIVIER GOURINCHAS, University of California-Berkeley and NBER, and OLIVIER JEANNE, International Monetary Fund—Capital Flows to Developing Countries: The Allocation Puzzle
TATIANA DIDIER, ROBERTO RIGOBON, Massachusetts Institute of Technology, and SERGIO SCHMUKLER, World Bank—Unexploited Gains from International Diversification
Discussants: PHILIP HARTMAN, European Central Bank
PETER BLAIR HENRY, Stanford Business School and NBER
FABIO GHIRONI, Boston College and NBER
MICHAEL KLEIN, Tufts University and NBER
Jan. 5, 10:15 am
AEA
Household Finance: Cognition and Decision Making (D9)
Presiding: CHRISTOPHER SNYDER, Dartmouth College
VICTOR STANGO and JONATHAN ZINMAN, Dartmouth College—Fuzzy Math and Red Ink: Payment/Interest Bias and Household Finance
DANIEL BENJAMIN, Harvard University, and JESSE SHAPIRO, University of Chicago—Who is “Behavioral”? Cognitive Ability and Anomalous Preferences
ANNAMARIA LUSARDI, Dartmouth College, and OLIVIA MITCHELL, University of Pennsylvania—Financial Illiteracy and Planning: Implications for Retirement Well-Being
Discussants: XAVIER GABAIX, Massachusetts Institute of Technology
PHILIP BOND, University of Pennsylvania
STEFANO DELLAVIGNA, University of California-Berkeley
Jan. 5, 10:15 am
AEA
Structural Change and the Decline in Manufacturing (O1)
Presiding: FRANCISCO BUERA, Northwestern University
DARON ACEMOGLU and VERONICA GUERRIERI, Massachusetts Institute of Technology—Capital Deepening and Non-Balanced Economic Growth
FRANCISCO BUERA, Northwestern University, and JOSEPH KABOSKI, Ohio State University—Scale Economies and Structural Change
KIMINORI MATSUYAMA, Northwestern University—Productivity-Based Theory of Manufacturing Employment Decline: An International Perspective
RACHEL NGAI and CHRISTOPHER PISSARIDES, London School of Economics—Trends in Hours and Economic Growth
Jan. 5, 10:15 am
AEA
Productivity-Enhancing Reallocation: Comparative International Evidence (O5)
Presiding: JOHN EARLE, Upjohn Institute for Employment Research and Central European University
ERIC BARTELSMAN, Free University of Amsterdam, JOHN HALTIWANGER, University of Maryland, and STEFANO SCARPETTA, World Bank—Reallocation and Productivity Growth: The FAQs
ALVARO ESCRIBANO, Universidad Carlos III Madrid, and J. LUIS GUASCH, World Bank—Assessing the Impact of the Investment Climate on Productivity Using Firm-Level Data: Methodology
HELENA SCHWEIGER, European Bank for Reconstruction and Development—The Impact of State Aid for Restructuring on the Allocation of Resources
J. DAVID BROWN, Heriot-Watt University, JOHN EARLE, Upjohn Institute for Employment Research and Central European University—Productivity-Enhancing Reallocation under Socialism and in Transition: A Comparative International Study
Discussants: MARK DOMS, Federal Reserve Bank of San Francisco
ERIC BARTELSMAN, Free University of Amsterdam
CHAD SYVERSON, University of Chicago
ARIEL PAKES, Harvard University
Jan. 5, 10:15 am
AEA
Wars, Finance, and War Finance (E6, N4)
Presiding: SHAUN VAHEY, Reserve Bank of New Zealand and Norges Bank
FARLEY GRUBB, University of Delaware—The Net Asset Position of the U.S. National Government, 1784-1802: Hamilton’s Blessing or the Spoils of War?
WILLIAM SILBER, New York University—The Great Financial Crisis of 1914: What Can We Learn from Aldrich-Vreeland Emergency Currrency?
SHAUN VAHEY, Reserve Bank of New Zealand and Norges Bank, and JIM NASON, Federal Reserve Bank of Atlanta—WWI Finance and the UK Interwar Depression
EUGENE WHITE, FILIPPO OCCHINO, Rutgers University, and KIM OOSTERLINCK, Solvay Business School, Free University Brussels—How Occupied France Financed Its Own Exploitation in World War II
Jan. 5, 10:15 am
AEA
New Approaches to International Trade (F1)
Presiding: ANDREW ATKESON, University of California-Los Angeles
JONATHAN EATON, New York University, ROBERT DEKLE, University of Southern California, and SAMUEL KORTUM, University of Minnesota—New Configurations of Global Production and Trade: Implications of China’s Emergence
FLORIN BILBLIE, Oxford University, FABIO GHIRONI, Boston College, and MARC MELITZ, Harvard University—Trade Flow Dynamics with Heterogeneous Firms
ANDREW ATKESON and ARIEL BURSTEIN, University of California-Los Angeles—Pricing to Market with Heterogeneous Firms
Discussants: HUGO HOPEHAYN, University of California-Los Angeles
CHANG-TAI HSIEH, University of California-Berkeley
GITA GOPINATH, Harvard University
Jan. 5, 10:15 am
AEA
K-12 Economic and Financial Literacy Education
Presiding: ELIZABETH WEBBINK, National Council on Economic Education
ROBERT F. HODGIN, University of Houston-Clear Lake, STEVEN L. COBB, University of North Texas, and ALBERTO DAVILA, University of Texas-Pan American—Field Testing Novel Digital Learning Modules for Economics in the Third Millennium
PAUL W. GRIMES, MEGHAN MILLEA, and M. KATHLEEN THOMAS, Mississippi State University—Establishing a Baseline Measure of Teacher Economic Literacy in Mississippi
JOHN R. SWINTON, Georgia College & State University, BENJAMIN P. SCAFIDI, JR., Georgia State University, and THOMAS W. DE BERRY, North Georgia College & State University—Evaluation on Effectiveness of Workshops Offered by the Georgia Council on Economic Education
CYNTHIA L. HARTER and JOHN F.R. HARTER, Eastern Kentucky University—Assessing the Effectiveness of Financial Fitness for Life in Eastern Kentucky
Discussants: RICHARD A. MACDONALD, St. Cloud State University
JANE LOPUS, California State University-East Bay
WILLIAM BOSSHARDT, Florida Atlantic University
HELEN H. ROBERTS, University of Illinois-Chicago
Jan. 5, 10:15 am
AEA
75th Anniversary of Hicks’ Introduction of the Elasticity of Substitution between Labor and Capital
Presiding: ROBERT CHIRINKO, Emory University
RAINER KLUMP, Frankfurt University, PETER MCADAM, and ALPO WILLMAN, European Central Bank—A Supply Side Diagnosis of Growth in the Euro Area (1970-2005): Factor Substitution Technology, Productivity and Unemployment
DEBDULAL MALLICK, Emory University—What Role for the Elasticity of Substitution in Economic Growth? A Cross-Country Test of the de la Grandville Hypothesis
SIMON PRICE, Bank of England, and SEBASTIAN BARNES, OECD—Long-Run Estimates of the Elasticity of Substitution Using UK Firm-Level Data
ROBERT CHIRINKO and DEBDULAL MALLICK, Emory University—The Substitution Elasticity, Growth Theory, and the Low-Pass Filter Panel Model
Discussants: NILS GOTTFRIES, Uppsala University
ELMER STERKEN, University of Groningen
GIOVANNI URGA, Cass Business School
ROBERT SOLOW, Massachusetts Institute of Technology
Jan. 5, 10:15 am
AEA
Parties and Politicians (D7)
Presiding: ANTONIO MERLO, University of Pennsylvania
DAN BERNHARDT, University of Illinois-Urbana-Champaign, LARISSA CAMPUZANO, Mathematica Policy Research, and FRANCESCO SQUINTANI, University College London—On the Benefits of Party Competition
ERNESTO DAL BO, University of California-Berkeley, PEDRO DAL BO, Brown University, and JASON SNYDER, Northwestern University—Running in the Family? Dynastic Transmission of Political Power in the U.S. Congress 1789-1996
ANDREA MATTOZZI, California Institute of Technology, and ANTONIO MERLO, University of Pennsylvania—Political Careers or Career Politicians
Jan. 5, 10:15 am
AEA
Issues in Family/Household Decision Making
Presiding: GAIL HOYT, University of Kentucky
SABRINA PABILONIA, U.S. Bureau of Labor Statistics, and JENNIFER WARD-BATTS, Claremont McKenna College—The Effect of Child Gender on Parent’s Labor Supply: An Examination of Natives, Immigrants, and Their Children
LUCIE SCHMIDT, Williams College, and PURVI SEVAK, Hunter College—Marriage Delay and Private Saving
KASEY BUCKLES, University of Notre Dame—Adoption Subsidies and Adoption Outcomes: An Instrumental Variables Approach
TERRA MCKINNISH, University of Colorado-Boulder—Earnings and Spousal Mobility: Power Couples and Trailing Spouses
Discussants: KRISTIN BUTCHER, Federal Reserve Bank of Chicago
JIM ZILIAK, University of Kentucky
DAN BLACK, Syracuse University
MATTHEW KAHN, Tufts University
Jan. 5, 10:15 am
AEA
Field Experiments on Charitable Giving (C9)
Presiding: DAVID REILEY, University of Arizona
DEAN KARLAN, Yale University, and JOHN LIST, University of Chicago—Does Price Matter in Charitable Giving?
CATHERINE ECKEL, University of Texas-Dallas, and PHILIP GROSSMAN, St. Cloud State University—Charitable Giving to a University: Do Subsidies Increase Donations?
RACHEL CROSON, University of Pennsylvania, and JEN SHANG, Indiana University—Motivations for Giving: Field and Survey Data
Discussants: DAVID REILEY, University of Arizona
STEPHAN MEIER, Federal Reserve Bank of Boston
LISE VESTERLUND, University of Pittsburgh
Jan. 5, 10:15 am
AEA
Contracts and Fairness (D2, D6)
Presiding: ULRIKE MALMENDIER, Stanford University
ERNST FEHR, University of Zurich, and KLAUS SCHMIDT, University of Munich—Adding a Stick to the Carrot? The Interaction of Bonuses and Fines
OLIVER HART, Harvard University, and JOHN HARDMAN MOORE, University of Edinburgh—Flexible versus Rigid Contracts
W. BENTLEY MACLEOD, Columbia University—Social Preferences and the Time Structure of Relational Contracts
Discussants: JEREMY STEIN, Harvard University
PATRICK BOLTON, Columbia University
ROBERT GIBBONS, Massachusetts Institute of Technology
Jan. 5, 10:15 am
AEA
The Relationship between Education and Well-Being (I2)
Presiding: JOSHUA ANGRIST, Massachusetts Institute of Technology
ADRIANA LLERAS-MUNEY, Princeton University, and DAVID CUTLER, Harvard University—Education and Health: Evaluating Theories and Evidence
SUSAN DYNARSKI, Harvard University—How Does College Change Women’s Lives?
PHILIP OREOPOULOS, University of Toronto—Wealth and Happiness from Compulsory Schooling: Recent Evidence from Raising the School Leaving Age to 18 in the United States
MAKI UEYAMA, DEAN LILLARD, and KOSALI SIMON, Cornell University—How Does Parental Education Affect Child Health?
Discussants: MICHAEL GROSSMAN, City University of New York
LAWRENCE KATZ, Harvard University
JOSHUA ANGRIST, Massachusetts Institute of Technology
ADRIANA LLERAS-MUNEY, Princeton University
Jan. 5, 10:15 am
AEA
What Should Development Economists Know? (O1)
Presiding: MARTIN FELDSTEIN, Harvard University and NBER
ARNOLD HARBERGER, University of California-Los Angeles—Can We Identify the Basic Tools Needed for Policy Analysis in Developing Countries?
SIMON JOHNSON, International Monetary Fund—Avoiding the See-Saws of Development Policy
ANNE KRUEGER, International Monetary Fund—Understanding Context and Interlinkages in Development Policy Formulation and Implementation
Discussants: SEBASTIAN EDWARDS, University of California-Los Angeles
ABHIJIT BANERJEE, Massachusetts Institute of Technology
Jan. 5, 10:15 am
AEA/AREUEA
Real Estate Markets and Performance
Presiding: KARL E. CASE, Wellesley College
FRANK NOTHAFT and AMY CREWS CUTTS, Freddie Mac—Up in ARMS: The Interplay of Mortgage and Housing Markets
KARL CASE, Wellesley College, and JOHN QUIGLEY, University of California-Berkeley—Housing Markets and the Real Economy: Demographics and the Cycle
JEFFREY D. FISHER, Indiana University, DAVID LING, and ANDY NARANJO, University of Florida—Returns and Capital Flow Cycles for Commercial Real Estate
ANTHONY SANDERS, Ohio State University—Forward Markets in Housing Prices: What Have We Learned?
Discussants: KERRY VANDELL, University of California-Irvine
CHRIS MAYER, Columbia University
STUART GABRIEL, University of Southern California
WILLIAM GOETZMANN, Yale University
Jan. 5, 10:15 am
AEA/HERO
Economics of Medical Care “Report Cards”
Presiding: DONALD E. YETT, University of Southern California
LORENS HELMCHEN and ANTHONY T. LOSASSO, University of Illinois-Chicago—How Much Performance Can P4P Buy?
LEEMORE DAFNY and DAVID DRANOVE, Northwestern University—Do Report Cards Tell Consumers Anything They Don’t Already Know?
DENNIS SCANLON, Pennsylvania State University, JON CHRISTIANSON, University of Minnesota, and RICHARD LINDROOTH, Medical University of South Carolina—The Effect of a Hospital Safety Incentive and Hospital Reports in an Employed Population
Discussants: DAVID MELTZER, University of Chicago
JAY BHATTACHARYA, Stanford University
KIMBERLY RASK, Emory University
Jan. 5, 10:15 am
AFA
Governance Trade-Offs
Presiding: DANIEL WOLFENZON, New York University
MARIA GUADALUPE and FRANCISCO PEREZ-GONZALEZ, Columbia University—The Impact of Product Market Competition on Private Benefits of Control
ROBERT B.H. HAUSWALD, American University, and ROBERT MARQUEZ, University of Maryland—Governance Mechanisms and Corporate Disclosure
XAVIER GABAIX, Massachusetts Institute of Technology, and AUGUSTIN LANDIER, New York University—Why Has CEO Pay Increased So Much?
Discussants: MATIAS BRAUN, University of California-Los Angeles
NITTAI BERGMAN, Massachusetts Institute of Technology
STEVEN KAPLAN, University of Chicago
Jan. 5, 10:15 am
AFA
Behavior of Individual Investors
Presiding: TERRANCE ODEAN, University of California-Berkeley
MARKUS GLASER, THOMAS LANGER, University of Mannheim, JENS REYNDERS, Siemens Management Consulting, and MARTIN WEBER, University of Mannheim—Framing Effects in Stock Market Forecasts: The Difference between Asking for Prices and Asking for Returns
ANDERS ANDERSON, Swedish Institute for Financial Research—Is Online Trading Gambling with Peanuts?
SOEREN HVIDKJAER, University of Maryland—Small Trades and the Cross-Section of Stock Returns
Discussants: NING ZHU, Yale University
L. FRIEDER, Purdue University
ANDREY UKHOV, Indiana University-Bloomington
Jan. 5, 10:15 am
AFA
Market Efficiency and Professional Investors
Presiding: JENNIFER CONRAD, University of North Carolina-Chapel Hill
EKKEHART BOEHMER, Texas A&M University, and ERIC KELLEY, Washington State University—Institutional Investors and the Informational Efficiency of Prices
ZHI DA and ERNST SCHAUMBURG, Northwestern University—Target Prices, Relative Valuations and the Premium for Liquidity Provision
KLAAS BAKS, JEFFREY A. BUSSE, and T. CLIFTON GREEN, Emory University—Fund Managers Who Take Big Bets: Skilled or Overconfident
Discussants: CHARLES JONES, Columbia University
KENT WOMACK, Dartmouth College
MARK CARHART, Goldman Sachs Group, Inc.
Jan. 5, 10:15 am
AFA
Equity Trading
Presiding: CHESTER SPATT, Securities and Exchange Commission and Carnegie Mellon University
CHRISTOPHER GECZY and JINGHUA YAN, University of Pennsylvania—Who Are the Beneficiaries When Insiders Trade? An Examination of Piggybacking in the Brokerage Industry
AMBER ANAND, University of Central Florida, SUGATO CHAKRAVARTY, Purdue University, and CHAIRAT CHUWONGANANT, Indiana University-Purdue University-Fort Wayne—Cleaning House: Stock Reassignments on the NYSE
EKKEHART BOEHMER and JULIE WU, Texas A&M University—Order Flow and Prices
Discussants: MAHENDRARAJAH NIMALENDRAN, University of Florida
SHANE CORWIN, University of Notre Dame
STEWART MAYHEW, Securities and Exchange Commission
Jan. 5, 10:15 am
AFA
Derivatives
Presiding: JUN PAN, Massachusetts Institute of Technology
ALESSANDRO BEBER, University of Lausanne, and MICHAEL W. BRANDT, Duke University—Resolving Macroeconomic Uncertainty in Stock and Bond Markets
ROSSEN I.VALKANOV, University of California-Los Angeles, PRADEEP K. YADAV, Lancaster University, and YUZHAO ZHANG, University of California-Los Angeles—Does the Early Exercise Premium Contain Information about Future Underlying Returns?
CAIO ALMEIDA, Ibmec, Parana, JEREMY J. GRAVELINE, and SCOTT JOSLIN, Stanford University—Do Options Contain Information about Excess Bond Returns?
Discussants: MICHAEL JOHANNES, Columbia University
NICOLAS P.B. BOLLEN, Vanderbilt University
MIKHAIL CHERNOV, Columbia University
Jan. 5, 10:15 am
AREUEA
Urban Spatial Economics
Presiding: R. KELLEY PACE, Louisiana State University
PETER ENGLUND, Stockholm School of Economics, AKE GUNNELIN, BO SODERBERG, Royal Institute of Technology, and PATRIC HENDERSHOTT, University of Aberdeen and San Diego State University--Asymmetric Behavioral Responses and Adjustment in the Space Market
RICHARD W. MARTIN, University of Georgia, and RAPHAEL W. BOSTIC, University of Southern California--Does Housing Affordability Contribute to Spatial Mismatch
JUN CHEN, HAIBO HUANG, RUIJUE PENG, and JINBAO TONG, Property & Portfolio Research, Inc.--Measuring Intertemporal Spatial Evolution of Rents and Prices: How Do Drivers Differ by Urban Forms
DAVID MORRIS FRANKEL, Iowa State University, and OSCAR VOLIJ, Ben Gurion University--Measuring Segregation
Discussants: SHAUN BOND, University of Cambridge
DOUG KRUPKA, Georgia State University
R. KELLEY PACE, Louisiana State University
ELLEN HANAK, Public Policy Institute of California
Jan. 5, 10:15 am
ACES
Comparative Economic Systems at the Regional Level (In memory of John Michael
Montias) (R1)
Presiding: WOLFRAM SCHRETTL, Free University of Berlin
NICOLA FUCHS-SCHUENDELN and RIMA IZEM, Harvard University--Explaining Low Levels of Labor Productivity in the Region of Eastern Germany: A Spatial Analysis
MONIKA SCHNITZER, Ludwig Maximilian University, Munich, and CLAUDIA BUCH, University of Tuebingen--The Drive for German Cross Regional Investment to Transition Economies
ANDREA BOLTHO, Magdalen College, University of Oxford--Why Do Some Regional Differentials Persist and Others Do Not? Italy and Spain Compared
JOHN HALL, Portland State University, and UDO LUDWIG, Halle Institute for Economic Research—Convergence Through Migration
Discussant: JOHN MARANGOS, Colorado State University
Jan. 5, 10:15 am
Social Fabric Matrix for Policy Analysis (B4)
Presiding: F. GREGORY HAYDEN, University of Nebraska-Lincoln
STEVEN BOLDUC, Minnesota State University-Moorhead--The Need for and Challenge of
Balancing Public Participation and Scientific Expertise in Ecological Policy Debates: A Social
Fabric Matrix Approach
SCOTT T. FULLWILER, Wartburg College, and GEOFFREY ALLEN, TD Ameritrade--Can the Fed Target Inflation? An Institutionalist Approach
TRISTAN MARKWELL, University of Nebraska-Lincoln--Microsoft Excel and the Social Fabric Matrix: Corporate Networks and Beyond
TARA NATARAJAN, St. Michael’s College--The Industrialization of Indian Agriculture: Deploying a Development Agenda
JERRY L. HOFFMAN, Nebraska Coalition for Educational Equity and Adequacy, and F. GREGORY HAYDEN, University of Nebraska-Lincoln--Using the Social Fabric Matrix to Seek Adequacy in Education
Discussant: GREGORY HAYDEN, University of Nebraska-Lincoln
Jan. 5, 10:15 am
AFEE
Institutionalism and Comparative Economic Systems (P5)
Presiding: DELL CHAMPLIN, Western Washington University
ARISTIDIS BITIZENIS, University of Macedonia, Greece and JOHN MARANGOS, Colorado State University--Globalization and Integration-Assisted Transition in Central and Eastern European
Economies
CHRISTOS KALANTARIDIS, University of Teesside, UK--Institutional Change in Post-Socialist Regimes: Public Policy and Beyond
GEOFFREY SCHNEIDER, Bucknell University--Sweden’s Economic Recovery and the Theory of Comparative Institutional Advantage
ERIC HAKE, Eastern Illinois University--The Microfoundations of Comparative Economics
RULA QALYOUBI KEMP, University of Wisconsin-Stout, and THOMAS A. KEMP, University of Wisconsin-Eau Claire--Reciprocity in Jordan’s Economy
Discussant: WILLIAM BARNES, University of Portland
Remembering Robert L. Heilbroner, Social Economist
Presiding: INGRID RIMA, Temple University
ROBERT W. DIMAND and ROBERT H. KOEHN, Brock University--Heilbroner and Bernstein on Fiscal Policy and the Twin Deficits
WILLIAM MILBERG, New School for Social Research--The "New Economy" in The Making of Economic Society
CHARLES M. A. CLARK, St. John's University--On Values and Value Theory
MATHEW FORSTATER, University of Missouri, Kansas City—Vision, Scenario, Analysis: Instrumental Interpretations for Public Policy
Discussant: DEIRDRE MCCLOSKEY, University of Illinois, Chicago and Rotterdam University
Jan. 5, 10:15 am
ACE
The
Role of Religion in Twentieth Century Political Economy: Insights from Hayek,
Knight, Smith, and Viner
Presiding: BRADLEY BATEMAN, Grinnell College
LAURENCE R. IANNACCONE, George Mason University--Religion and the Economic Order: Insights from Smith, Hayek, and Smith
PETER BOETTKE, George Mason University--The Role of Providence in the Social Order: Insights from Jacob Viner
KENNETH ELZINGA, University of Virginia, and MATTHEW GIVENS, CHD Meridian--Hayek and Christianity
ROSS EMMETT, Michigan State University--Religion and the Limits of Liberalism: Frank H. Knight’s Early Views
Jan. 5, 10:15 am
AERE
The European Union’s Emissions Trading System: A Roundtable Assessment (Q5)
Presiding: ROBERT STAVINS, Harvard University
FRANK CONVERY, University College Dublin
DENNY ELLERMAN, Massachusetts Institute of Technology
WILLIAM PIZER, Resources for the Future
Presiding: ANIL MAKHIJA, Ohio State University
KENNETH LEHN, SUKESH PATRO, University of Pittsburgh, and MENGXIN
ZHAO, Bentley College--Governance Indices and Valuation Multiples: Which Causes
Which?
N. K. CHIDAMBARAN, DARIUS PALIA, and YUDAN ZHENG, Rutgers University--Does Better Corporate Governance “Cause” Better Firm Performance?
DIANA KNYAZEVA, New York University--Corporate Governance, Analyst Following and Firm Behavior
Discussants: TONI M. WHITED, University of Wisconsin
JEFFREY L. COLES, Arizona State University
JAY C. HARTZELL, University of Texas-Austin.
Jan. 5, 10:15 am
AIES
State of the Indian Economy (Roundtable)
Presiding: TEJ K. KAUL, Western Illinois University
SUHAS KETKAR, Vanderbilt University
VAMAN RAO, Western Illinois University
RAJINDER KOSHAL, Ohio University
SURESH DESAI, Montclair State University
Jan. 5, 10:15 am
CEANA
Re-Examining the Long-Term Growth Prospects of the Chinese Economy (O1)
Presiding: HENRY WAN, Cornell University
HENRY WAN, Cornell University--Consistency Checks in Forecasting Chinese Growth
KAR YIU WONG, University of Washington--Why Is China Growing So Fast? The Role of Efficient Resource Allocation
YING WONG CHEUNG, University of California-Santa Cruz--Renminbi Undervaluation: A Statistical Illusion
WING THYE WOO, University of California-Davis--China's Return to a Crowded World Stage: External Constraints and Internal Barriers
Discussants: QINGLAI MENG, Chinese University of Hong Kong
BEN-CHIEH LIU, Chicago State University
KEVIN H. ZHANG, Illinois State University
HONG HWANG, National Taiwan University and Research Center for Humanities and Social Sciences Academia Sinica
Jan. 5, 10:15 am
CS
Institutions and History: Land, Trade, and Labor Markets
Presiding: WERNER TROESKEN, University of Pittsburgh and NBER
CLIFF BEKAR, Lewis and Clark College, and CLYDE REED, Simon Fraser University—Distributional Dynamic in a Stochastic environment with Tradable Assets: Medieval English Land Markets
JOYCE BURNETTE, Wabash College—Child Day-Laborers in Agriculture: Evidence from Farm Accounts, 1740-1850
ROBERT K. FLECK and F. ANDREW HANSSEN, Montana State University—“Rulers Ruled by Women”: An Economic Analysis of the Rise and Fall of Women’s Rights in Ancient Sparta
OSCAR GELDERBLOM, Universitet Utrecht, and REGINA GRAFE, Nuffield College, Oxford—Towards a Comparative Analsysis of Commercial Institutions in Pre-modern Europe: The Organization of Merchant Communities in Spain and the Low Countries (1250-1650)
Discussant: WERNER TROESKEN, University of Pittsburgh and NBER
MARISTELLA BOTTICINI, Boston University and University of Torino
J. PETER FERDERER, Macalester College
JOHN MURRAY, University of Toledo
Presiding: PETRA TODD, University of Pennsylvania
GERARD PFANN and BEN KRIECHEL, Maastricht University-- Downsizing the Hierarchical Workplace: Evidence on Job Structure and the Earnings Distribution
JULIA LANE, University of Chicago, FREDRIK ANDERSSON, Cornell University, and IBEN BOLVIG, University of Aarhus--Lost Jobs and Health Insurance: An Analysis of the Impact of Employment Volatility on Firm provided Health Insurance Coverage
ELENA PASTORINO, University of Iowa, and MELISSA TARTARI, Yale University--Training in Firms, Learning and Career Mobility: Evidence from Italian Personnel Data
THOMAS FUCHS, University of Munich--Climbing the Ladder: School Organization, Institutions and Efficient Educational Production
Jan. 5, 10:15 am
ES
Volatility and Jumps
Presiding: TORBEN ANDERSEN, Northwestern University
GEORGE TAUCHEN, Duke University, and HAO ZHOU, Federal Reserve Board--Identifying Realized Jumps on Financial Markets
GEORGE J. JIANG, University of Arizona--A New Test for Jumps in Asset Prices
ROBERT F. ENGLE, MAGDALENA E. SOKALSKA, and ANANDA CHANDA, New York University--Forecasting Intraday Volatility in the US Equity Market. Multiplicative Component GARCH
TORBEN G. ANDERSEN, Northwestern University, and LUCA BENZONI, University of Minnesota--The Economic Determinants of Interest Rate Volatility in the U.S. Treasury Market
Jan. 5, 10:15 am
ES
Institutional Dynamics
Presiding: AMRITA DHILLON, University of Warwick
ROGER LAGUNOFF, Georgetown University--Dynamic Stability and Reform of Political Institutions
HONGBIN CAI, Peking University, and FENG HONG, University of California-Los Angeles--A Theory of Organizational Dynamics: Internal Politics and Efficiency
STEPHANE AURAY, University of Lille 3, GREMARS and CIRPEE, THOMAS MARIOTTI, University of Toulouse 1, GREMAQ, IDEI and CEPR, and FABIEN MOIZEAU, University of Toulouse 1 and GREMAQ--Dynamic Regulation of Public Good Quality
AMRITA DHILLON, University of Warwick, and JAMELE RIGOLINI, World Bank--Uncertainty and the Quality of Institutions
Jan. 5, 10:15 am
Dynamic Models in Industrial Organization
Presiding: XAVIER VIVES, INSEAD
XAVIER VIVES, INSEAD—Strategic Complementarity in Multi-Stage Games
JAMES D. DANA, JR. and YUK-FAI FONG, Northwestern University--Long-Lived Consumers, Intertemporal Bundling, and Tacit Collusion
CHAIM FERSHTMAN and SARIT MARKOVICH, Tel-Aviv University--Patents, Imitation and Licensing In an Asymmetric Dynamic R&D Race
BERNARD LEBRUN, York University--First-Price and Second-Price Auctions with Resale
Discussants: FEDERICO ECHENIQUE, California Institute of Technology
R. PRESTON MCAFEE, California Institute of Technology
JENNIFER REINGANUM, Vanderbilt University
ROD GARRATT, University of California-Santa Barbara
Jan. 5, 10:15 am
ES
Inflation and Monetary Policy
Presiding: NOBUHIRO KIYOTAKI, Federal Reserve Bank of New York and London School of Economics
THOMAS SARGENT, New York University, NOAH WILLIAMS, Princeton University, and TAO ZHA, Federal Reserve Bank of Atlanta--Hyperinflations: Expectations, Escapes, and Regimes
JERZY D. KONIECZNY, Wilfrid Laurier University, and EMMANUEL DHYNE, National Bank of Belgium--Temporal Distribution of Price Changes: Staggering in the Large and Synchronization in the Small
MIKAEL CARLSSON, Swedish Central Bank, and ANDREAS WESTERMARK, Uppsala University--Optimal Discretionary Monetary Policy under Downward Nominal Wage Rigidity
GLENN D. RUDEBUSCH and JOHN C. WILLIAMS, Federal Reserve Bank of San Francisco--Revealing the Secrets of the Temple: The Value of Publishing Interest Rate Projections
Presiding: JOHN RUST, University of Maryland
HUGO BENÍTEZ-SILVA, State University of New York-Stony Brook, SELCUK EREN, State University of New York-Stony Brook and Hamilton College, FRANK HEILAND, Florida State University, and SERGI JIMÉNEZ-MARTÍN, Universitat Pompeu Fabra--Wealth, Retirement Well-Being, and Realized and Unrealized Capital Gains
MARIACRISTINA DENARDI, Federal Reserve Bank of Chicago and University of Minnesota, ERIC FRENCH, Federal Reserve Bank of Chicago, and JOHN JONES, State University of New York-Albany-- Differential Mortality, Uncertain Medical Expenses, and the Savings of Elderly Singles
HUGO BENITEZ-SILVA, State University of New York-Stony Brook, J. IGNACIO GARCIA-PEREZ, Universidad Pablo de Olavide, and SERGI JIMENEZ-MARTIN, Universitat Pompeu Fabra--Cross Country Comparison of the Effects of Social Security and Employment Uncertainty on the Labor Supply and Search Behavior of Older Workers
DAVID A. LOVE, Williams College, and PAUL A. SMITH, Federal Reserve Board--Cracking Open the Nest Egg: Are Older Households Withdrawing Too Fast from Their DC Plans?
Presiding: JAMES K. GALBRAITH, University of Texas-Austin and Economists for Peace and Security
THOMAS SCHELLING, University of Maryland
MICHAEL INTRILIGATOR, University of California-Los Angeles and Milken Institute
CLARK ABT, Abt Associates
COL. DOUGLAS MACGREGOR, Center for Defense Information, Straus Military Reform Project
LINDA BILMES, Harvard University
Presiding: ANN MARI MAY, Middlebury College
ANNE BOSCHINI, Stockholm University, and ANNA SJÖGREN, Research Institute of Industrial Economics--Is Team Formation Gender Neutral? Evidence from Coauthorship
CAROLE GREEN, University of South Florida, ROBIN BARTLETT, Denison University, and MARIANNE FERBER, University of Illinois-Urbana-Champaign--Policy Orientation and the Decision to Major in Economics
MALIHA SAFRI, University of Massachusetts-Amherst--The Global Household: Remittances, Household Production and Migration
Discussants: ULLA GRAPARD, Colgate University
JUNE LAPIDUS, Roosevelt University
Jan. 5, 10:15 am
IEFS
International Trade and Globalization
Presiding: KAMAL SAGGI, Southern Methodist University
ERIC W. BOND, Vanderbilt University--Dynamics of Trade Agreements (Presidential Address)
ANDRÉS RODRIGUEZ-CLARE, Pennsylvania State University--Trade, Diffusion and the Benefits of Openness
JULIAN E. NAMINI, University of Duisberg-Essen, and RICARDO A. LOPEZ, Indiana University--Random versus Conscious Selection into Export Markets – Theory and Empirical Evidence
JOSHUA AIZENMAN, University of California-Santa Cruz, and YOTHIN JINJARAK, NTU Singapore--Globalization and Developing Countries – a Shrinking Tax Base?
Discussants: ANDRÉS RODRIGUEZ-CLARE, Pennsylvania State University
JOSH EDERINGTON, University of Kentucky
JIM TYBOUT, Pennsylvania State University
DEVASHISH MITRA, Syracuse University
Jan. 5, 10:15 am
INEM
Plural Agency and Plural Subjects within Economics
Presiding: MARK D. WHITE, College of Staten Island, City University of New York
JOHN B. DAVIS, Marquette University and University of Amsterdam—Conceptions of Plural Selves in Recent Behavioral and Experimental Economics
DON ROSS, University of Alabama-Birmingham and University of Cape Town—Institutionally Fostered Economic Agents versus Team Agents
HANS-BERNHARD SCHMID, University of St. Gallen—Plural Subjecthood, Rationality, and Methodological Individualism
MARK D. WHITE, College of Staten Island, City University of New York—Kantian Autonomy, Plural Agency, and Conceptions of the Economic Individual
Jan. 5, 10:15 am
LERA
The Dynamics of European National Employment Models: Implications for Conflict
and Cooperation in Employment Relations
Presiding: SAM ROSENBERG, Roosevelt University
GERHARD BOSCH, University of Duisberg-Essen--Changes in the System or Change of System? The National Employment Model of Germany
JILL RUBERY, University of Manchester--The UK National Employment System: A Model for Europe?
MARIA KARAMESSINI, Panteion University of Social and Political Sciences--Is There Still a Distinctive Southern European Model?
DOMINIQUE ANXO, University of Vaxjo--The Swedish Model in Turbulent Times: Decline or Renaissance?
Discussants: PETER BERG, Michigan State University
GREGOR MURRAY, University of Montreal
Jan. 5, 10:15 am
LERA
The Future of Industrial Relations and Labor Market Journals
Presiding: DANIEL J.B. MITCHELL, University of California--Los Angeles
TOVE HAMMER, Cornell University--Industrial and Labor Relations Review
TROND PETERSON, University of California-Berkeley--Industrial Relations: A Journal of Economy and Society
IMMANUEL NESS, Brooklyn College--WorkingUSA
MATTHEW W. FINKIN, University of Illinois-Urbana-Champaign--Comparative Labor Law & Policy Journal
DAVID LEWIN, University of California-Los Angeles--Advances in Industrial and Labor Relations
CHARLES J. WHALEN, Perspectives on Work
Jan. 5, 10:15 am
LERA
Socio-Technical Systems Theory and Practice: The Way to Workplace Democracy
and High Performance
Presiding: ROSEMARY BATT, Cornell University, and Nina Gregg, Communication Resources
PAMELA POSEY, Eyes on Performance--Socio-Technical Systems Theory and Practice: Origins, History, and Challenges
PETER JAY SORENSON, GINKO Enterprises--Socio-Technical Systems Theory and Practice: Origins, History, and Challenges
KEVIN BOYLE, Boyle and Associates--A Union-led STS Redesign: AFSCME and Oregon Health Sciences University Save Union Jobs and Make Money
Discussants: STEPHEN R. SLEIGH, The Yucaipa Companies
BRUCE HAMILTON, Socio-Technical Systems
JOEL CUTCHER-GERSHENFELD, University of Illinois-Urbana-Champaign
Jan. 5, 10:15 am
MEEA
Finance, Growth, and Convergence (O0)
Presiding: SALPIE DJOUNDOURIAN, Lebanese American University
HALUK ERLAT, Middle East Technical University--Time Series Approaches to Testing Income Convergence in MENA Countries
KIVILCIM METIN OZCAN, Bilkent University, Turkey, and YUSUF ZIYA OZCAN, Middle East Technical University, Turkey--Convergence in Measures of the Quality of Life: Evidence for EU Members and a Candidate Country, Turkey
IDA A. MIRZAIE, Ohio State University, and MAGDA KANDIL, International Monetary Fund--The Impact of Capital Inflow to Economic Performance
OYA PINAR ARDIÇ, Bogazici University, Turkey, and H. EVREN DAMAR, Pacific Lutheran University--Financial Sector and Economic Growth: Evidence from Turkey
MAHMOUD AL-IRIANI and FATIMA AL-SHAMSI, United Arab Emirates University--Foreign Direct Investment and Economic Growth in the GCC Countries: An Empirical Investigation Using Heterogeneous Panel Analysis
Discussants: HALA EL-RAMLY, American University in Cairo
ARNO BÄCKER , European Commission
BASSEM KAMAR, International Monetary Fund
HILMI NATHALIE, University of Nice, France"
A.YASEMIN YALTA, Fordham University
Jan. 5, 10:15 am
NEA
Economic Growth and Development I: East Africa (O1 )
Presiding: ASHAGRE YIGLETU, Southern University
ANDREW MUHAMMAD, Southern University--Market Power and the Pricing of Fish Imports from Uganda
TAMWISIGIRE CALEB, Makerere University, SUNG NO, ANDREW MUHAMMAD, Southern University, and MUGISHA FRED, National University of Rwanda--Determinants of FDI Inflow into Rwanda: 1971-2003
DONALD ANDREWS, Southern University, AUDREY KAHARA-KAWUKE, TAMWISIGIRE CALEB, Makerere University, and ASHAGRE YIGLETU, Southern University--Tourism and Economic Development in East Africa: The Case of Uganda
WARREN BYABASHAIJA and AUDREY KAHARA-KAWUKI, Makerere University--The Effect of Entrepreneurial Education, Social Norms and Situational Factors on Entrepreneurial Attitudes and Intentions of Post-graduate Students in Uganda
Discussants: KEITHLY G. JONES, USDA Economic Research Service
CHRISTOPHER DAVIS, USDA Economic Research Service
RALPH CHRISTY, Cornell University
RICHARD MCCLINE, San Francisco State University
Jan. 5, 10:15 am
NAEFA
Trade, Economic Integration, Labor Market Flexibility and Growth (F1)
Presiding: JAMES A. WILCOX, University of California-Berkeley
VIVEK H. DEHEJIA and YIAGADEESEN SAMY, Carleton University--Labor Standards and Economic Integration in the European Union: An Empirical Analysis
ANIL KUMAR, Federal Reserve Bank of Dallas--Impact of NAFTA on the National and Regional Labor Market in the U.S.: Evidence from Micro Data
KARLA MORGAN, Whitworth College--Trade and Economic Growth: The Role of Trade Policy Instability
Discussants: MEHDI HARIRIAN, Bloomsburg University
KWAN KIM, University of Notre Dame
JOSHUA J. LEWER, West Texas A&M University
Jan. 5, 10:15 am
SED
The Great Depression and Beyond: Lessons for Macroeconomics (E3)
Presiding: GIORGIO PRIMICERI, Northwestern University
HAROLD COLE, University of Pennsylvania, and LEE OHANIAN, University of California-Los Angeles--Who or What Started the Great Depression?
GAUTI EGGERTSSON, Federal Reserve Bank of New York--The New Deal as a Theory of the Optimal Second Best
LAWRENCE CHRISTIANO, Northwestern University--The Zero-Bound, Zero-Inflation Targeting, and Output Collapse
MICHAEL BORDO, Rutgers University, CHRISTOPHER ERCEG, ANDREW LEVIN, Federal Reserve Board, and RYAN MICHAELS, University of Michigan--Three Great American Disinflations
Jan. 5, 10:15 am
SPM
Economic Integration in the Americas
Presiding: DOUGLAS O. WALKER, Regent University
STANLEY J. LAWSON, St. John’s University—Caribbean Integration
DOMINICK SALVATORE, Fordham University—NAFTA after 10 Years
RAUL MONCARZ, Florida International University—Central American Integration
JOHN R. DOMINGUEZ and RICHARD MCGREGORY, JR., University of Wisconsin—Cuban Kapitalism: Ideology, the Embargo, and the Economic Consequences
Discussants: SARA GORDON, St. John’s University
FRED CAMPANO, Fordham University
PELEGRINO MANFRA, City University of New York
Jan. 5, 10:15 am
SGE
Approaches for Measuring the Cost of Health Care Services
Presiding: JACK TRIPLETT, Brookings Institution
ALLISON ROSEN, University of Michigan, and DAVID CUTLER, Harvard University--Trends in Disease Costs in the U.S.
ANA AIZCORBE and NICOLE NESTORIAK, U.S. Bureau of Economic Analysis--Tracking Changes in Health Care Costs Using Episode-Based Price Indexes: Issues and Estimates
ALAN WHITE and JAISON ABEL, Analysis Group--Use of Claims Data in Constructing Price Indexes for Medical Services
RALPH BRADLEY, U.S. Bureau of Labor Statistics--Can Health Claims Data Improve the Estimation of BLS’s Medical CPI?
Discussants: MERRILE SING, Agency for Healthcare Research and Quality
ANNE HALL, Federal Reserve Board
Jan. 5, 10:15 am
TPUG
Regulation of Public Utilities
Presiding: PAUL SOTKIEWICZ, University of Florida
DOUGLAS N. JONES, Ohio State University---Matching Regulatory Arrangements with Public Values in the Provision of Energy and Telecommunications
LEA-RACHEL D. KOSNIK, University of Missouri-St. Louis--The Changing Structure of the Hydroelectric Power Industry
TROY QUAST, Sam Houston State University--Are Elected Regulators More Political Than Appointed Regulators?
JAMES ALLEMAN, University of Colorado, and PAUL RAPPOPORT, Temple University--Optimal Pricing with Sunk Cost and Uncertainty
Discussants: To be announced.
URPE
Microfoundations of Radical Economics (B2)
Presiding: BARKLEY ROSSER, James Madison University
GILBERT L. SKILLMAN, Wesleyan University—Worker Bargaining Power and the Business Cycle: Wage Dynamics in an Economy with Matching and Sequential Bargaining
ROBERTO VENEZIANI, Queens Mary University, London—Microfoundations and Analytical Marxism
JONATHAN GOLDSTEIN, Bowdoin College—Marxian Microfoundations: Contribution or Detour?
PETER SKOTT, University of Massachusetts-Amherst—Power-Biased Technical Change and the Rise in Earnings Inequality
Discussants: AMITAVA KRISHNA DUTT, University of Notre Dame
BARKLEY ROSSER, James Madison University
Jan. 5, 10:15 am
URPE
Brazil under Lula: Where Is It Headed? (P1)
Presiding: AL CAMPBELL, University of Utah
LEDA PAULANI, University of Sao Paulo, Brazil—Brazil as a Platform of International Financial Valorisation: The Role of Lula’s Government
PAULO NAKATANI, University of Espirito Santo, Brazil—A Critical Assessment of the Economic Policies of the Lula’s Government
ROSA MARIA MARQUES, Pontifica Universidade Catolica de Sao Paulo, Brazil—Lula’s Government and Social Policies
RÉMY HERRERA, MAURICIO SABADINI, and FRANCISCO CINTRA, University of Paris Pántheon-Sorbonne, France—The Failures of Reformism: Lula’s Brazil (2003-2006), after Mitterand’s France (1981-1984)
Discussants: AL CAMPBELL, University of Utah
RÉMY HERRERA, University of Paris, France
Jan. 5, 12:30 pm
AEA/AFA
Joint Luncheon
Presiding: THOMAS SARGENT, New York University
BEN BERNANKE, Federal Reserve Board
Jan. 5, 2:30 pm
AEA
Remembering Milton Friedman
Presiding: THOMAS SARGENT, New York University
GARY BECKER, University of Chicago
ROBERT LUCAS, University of Chicago
THOMAS SARGENT, New York University
AAEA
Rural Poverty Revisited: A New Look at Place and Policy (Q1)
Presiding: SUSAN OFFUTT, USDA-Economic Research Service
AMY GLASMEIER, Pennsylvania State University--Poverty Geography: The Historical Image of Poverty in America and Its Role in Shaping National Poverty Policy
MARK D. PARTRIDGE, University of Saskatchewan, and DAN S. RICKMAN, Oklahoma State University--Persistent Rural Poverty and Job Growth
BRUCE WEBER, Oregon State University, JOHN CROMARTIE, ROBERT GIBBS, and ASHOK MISHRA, USDA-Economic Research Service--Poverty Reduction Through Education: Can It Work in Persistently Poor Rural Areas?
Discussant: SHELDON DANZIGER, University of Michigan
Jan 5, 2:30 pm
AEA
Residential Mortgage Economics (G1)
Presiding: YONGHENG DENG, University of Southern California
JINGYANG LI and PAUL THURSTON, Countrywide Finance—Long-Range Dependence in Mortgage Termination
JAMES VICKERY, Federal Reserve Bank of New York—Interest Rates and Consumer Choice on the Residential Mortgage Market
YONGHENG DENG, University of Southern California, and JOHN M. QUIGLEY, University of California-Berkeley—Irrational Borrowers and the Pricing of Residential Mortgages
Discussants: CHRISTOPHER DOWNING, Rice University
ROBERT VAN ORDER, University of Michigan
WALTER N. TOROUS, University of California-Los Angeles
Jan. 5, 2:30 pm
AEA
Personnel Economics Studies using Personnel Data (M5)
Presiding: EDWARD LAZEAR, Stanford University
ALEX BRYSON and RICHARD FREEMAN, Harvard University and NBER—Doing the Right Thing? Does Fair Share Capitalism Improve Firm Performance: Evidence for the UK
ORIANA BANDIERA, London School of Economics, IWAN BARANKAY, University of Exeter, IMRAN RASUL, University College London—Incentives and Favoritism in the Workplace: Evidence from Personnel Data
FRANCINE LAFONTAINE and JAGADEESH SIVADASAN, University of Michigan—Labor Regulations and Establishment-Level Labor Productivity
JOHN HALTIWANGER, University of Maryland, PAUL OYER, and KATHRYN SHAW, Stanford University—Talent Sorting and Skill Complementarity among Software Engineers
Discussants: NICK BLOOM, Stanford University
SCOTT SCHAEFER, University of Utah
SCOTT STERN, Northwestern University
ORIANA BANDIERA, London School of Economics
Jan. 5, 2:30 pm
AEA
Behavioral Welfare Economics
Presiding: B. DOUGLAS BERNHEIM, Stanford University
B. DOUGLAS BERNHEIM, Stanford University—Title to be announced
FARUK GUL, and WOLFGANG PESENDORFER, Princeton University—Title to be announced
MATTHEW RABIN, University of California-Berkeley—Title to be announced
Discussants: DAVID LAIBSON, Harvard University
COLIN CAMERER, California Institute of Technology
Jan. 5, 2:30 pm
AEA
Developments in Dynamic Mechanism Design
Presiding: STEPHEN MORRIS, Princeton University
STEPHEN MORRIS, Princeton University, and DIRK BERGEMANN, Yale University—Ascending Auctions: Robustness and Uniqueness
ILYA SEGAL, Stanford University—Incentives and Communication Costs
PHILIPPE JEHIEL, University College London—On Timing Issues in Mechanism Design
Discussants: PRESTON MCAFEE, California Institute of Technology
ERIC MASKIN, Institute for Advanced Studies, Princeton
PAUL MILGROM, Stanford University
Jan. 5, 2:30 pm
AEA
Evaluation and Time Allocations in Teaching Economics
Presiding: BARRY R. CHISWICK, University of Illinois-Chicago
BRUCE WEINBERG, BELTON FLEISHER, and MASANORI HASHIMOTO, Ohio State University—Student Evaluation of Teaching Revisited
CYNTHIA HARTER, Eastern Kentucky University, MICHAEL WATTS, Purdue University, and WILLIAM BECKER, Indiana University—Time Allocations and Reward Structures for Academic Economists from 1995-2005: Evidence from Three National Surveys
SAM ALLGOOD and WILLIAM WALSTAD, University of Nebraska-Lincoln—Time Allocations to Undergraduate and Graduate Teaching in Economics and Other Disciplines
SAM ALLGOOD, University of Nebraska-Lincoln, WILLIAM BOSSHARDT, Florida Atlantic University, WILBERT VAN DER KLAAUW, University of North Carolina-Chapel Hill, and MICHAEL WATTS, Purdue University—The Long-Term Effects of Economics Coursework on College Graduates’ Behaviors and Outcomes in the Labor Market
Discussants: TISHA L.N. EMERSON, Baylor University
KIMMARIE MCGOLDRICK, University of Richmond
GLEN R. WADDELL, University of Oregon
BARRY R. CHISWICK, University of Illinois-Chicago
Jan. 5, 2:30 pm
AEA
Consumption Inequality: Evidence and Interpretation (D1)
Presiding: RICHARD BLUNDELL, University College London
ORAZIO ATTANASIO, University College London, ERICH BATTISTIN, Universita di Padova, and MARIO PADULA, Universita di Salerno—The Evolution of Consumption and Wage Inequality: Evidence and Implications for Consumption Smoothing
DIRK KRUEGER, Goethe University Frankfurt, and FABRIZIO PERRI, New York University—Understanding Diverging Trends in U.S. Earnings and Consumption Dispersion: Are the Unlucky Consuming a Lot, or Are the Lucky Consuming Little?
RICHARD BLUNDELL, IAN PRESTON, University College London, and LUIGI PISTAFERRI, Stanford University—The Transmission of Income Inequality into Consumption Inequality
JONATHAN HEATHCOTE, Georgetown University, KJETIL STORESLETTEN, University of Oslo, and GIOVANNI LUCA VIOLANTE, New York University—Labor Supply and Consumption with Imperfect Insurance: An Analytical Framework
Discussant: VICTOR RIOS-RULL, Pennsylvania State University
Jan. 5, 2:30 pm
AEA
Habit Persistence and the Macroeconomy (E3)
Presiding: MARTIN URIBE, Duke University
KAREN E. DYNAN, Federal Reserve Board, and ENRICHETTA RAVINA, New York University—Habit Persistence: Evidence from Complementary Data Sources
MORTEN RAVN, European University Institute, STEPHANIE SCHMITT-GROHE, and MARTIN URIBE, Duke University—Pricing to Habits and the Law of One Price
HARALD UHLIG, Humboldt Universitaet—Explaining Asset Prices with Habit Persistence and Wage Rigidities in a DSGE Model
Discussants: JORDI GALI, Universitat Pompeu Fabra and Massachusetts Institute of Technology
CHRIS CARROLL, Johns Hopkins University
FATIH GUVENEN, University of Texas-Austin
Jan. 5, 2:30 pm
AEA
Beliefs in the Utility Function (D1)
Presiding: ANDREW CAPLIN, New York University
MARKUS BRUNNERMEIER, JONATHAN PARKER, and FILIPPOS PAPAKONSTANTINOU, Princeton University—The Planning Fallacy and Deadlines
KFIR ELIAZ and ANDREW SCHOTTER, New York University—Paying for Confidence: An Experimental Study of Preferences Over Beliefs
PIERPAOLO BATTIGALLI, Bocconi University, and MARTIN DUFWENBERG, University of Arizona—Dynamic Psychological Games
Jan. 5, 2:30 pm
AEA
Empirical Industrial Organization (L2, D8, C1)
Presiding: PATRICK BAJARI, University of Minnesota
QUANG VUONG and ISABELLE PERRIGNE, Pennsylvania State University—Auctions with Risk Averse Bidders: A Semiparametric Analysis
VICTOR AGUIRREGABIRIA, Boston University—Estimating Dynamic Games
JAMES CHAPMAN, University of Iowa, DAVID MCADAMS, Massachusetts Institute of Technology, and HARRY J. PAARSCH, University of Iowa—Multi-Unit, Sealed-Bid, Discriminatory-Price Auctions
PATRICK BAJARI, University of Minnesota, JEREMY FOX, University of Chicago, and STEPHEN RYAN, Massachusetts Institute of Technology—Differentiated Product Demand Estimation with Rank Data
Jan. 5, 2:30 pm
AEA
The Health of the Young and the Old in the Past and the Present (I1)
Presiding: ROBERT FOGEL, University of Chicago
DORA COSTA, Massachusetts Institute of Technology, LORENS HELMCHEN, University of Illinois-Chicago, and SVEN WILSON, Brigham Young University—Race and Older Age Health in the Twentieth Century
FRANK SLOAN, Duke University—Survival and the Changing Role of Chronic Diseases in the Twentieth Century
WILLIAM EVANS and HENG WEI, University of Maryland—Postpartum Hospital Stay and the Outcomes of Mothers and Their Newborns
Discussants: JANET CURRIE, Columbia University
TOMAS PHILIPSON, University of Chicago
DAVID MELTZER, University of Chicago
Jan. 5, 2:30 pm
AEA
Getting Ahead: The Determinants of Professional Success
Presiding: RACHEL CROSON, University of Pennsylvania
KRISTIN J. KLEINJANS, University of Aarhus and RAND—The Role of Career Aspirations in Education Choice: Can Gender Differences Explain the Lower Intergenerational Correlations in Education for Girls?
DEBORAH GARVEY, Santa Clara University, MARK HUGO LÓPEZ, University of Maryland, and MARIE MORA, University of Texas-Pan American—The Earnings of Female Faculty: A Story of Field and Gender?
BRUCE SACERDOTE, Dartmouth College, ALAN DURELL, and HEIDI WILLIAMS, Harvard University—Does Same Gender Mentoring Help?
CHRISTINA HILMER and MICHAEL HILMER, San Diego State University—Women Helping Women, Men Helping Men? Same-Gender Mentoring, Initial Job Placements, and Early Career Research Productivity for Economics Ph.D.s
Discussants: JOSEPH ALTONJI, Yale University
CHARLES C. BROWN, University of Michigan
DONNA GINTHER, University of Kansas
SHULAMIT KAHN, Boston University
Jan. 5, 2:30 pm
AEA
Information Frictions and Aggregate Fluctuations (E3)
Presiding: CHRIS EDMOND, New York University
CHRISTIAN HELLWIG, University of California-Los Angeles, and LAURA VELDKAMP, New York University—Knowing What Others Know: Coordination Motives in Information Acquisition
CHRIS EDMOND and LAURA VELDKAMP, New York University—Income Dispersion, Market Efficiency and Business Cycles
VERONICA GUERRIERI and GUIDO LORENZONI, Massachusetts Institute of Technology—Financial Development and the Aggregate Effect of News
MANUEL AMADOR, Stanford University, and PIERRE-OLIVIER WEILL, New York University—Learning by Matching
Discussants: WILLIAM FUCHS, University of Chicago
JEFFREY CAMPBELL, Federal Reserve Bank of Chicago
RANDALL WRIGHT, University of Pennsylvania
LONES SMITH, University of Michigan
Jan. 5, 2:30 pm
AEA
Emerging Markets Finance in the Global Economy (F3)
Presiding: SIMON JOHNSON, Massachusetts Institute of Technology
FERNANDO BRONER, ALBERTO MARTIN, and JAUME VENTURA, Universitat Pompeu Fabra—Secondary Markets and Sovereign Risk
LAURA ALFARO and ELIZA HAMMEL, Harvard University—Capital Flows and Capital Goods
ANDRE FARIA and PAOLO MAURO, International Monetary Fund—The External Financing of Economic Development: Evidence from Two Waves of Financial Globalization
Discussants: PIERRE-OLIVIER GOURINCHAS, University of California-Berkeley
PETER BLAIR HENRY, Stanford University
SIMON JOHNSON, Massachusetts Institute of Technology
Jan. 5, 2:30 pm
AEA
The Political Economy of Institutional Change (P4)
Presiding: SANJAY JAIN, University of Virginia
BENJAMIN JONES, Northwestern University, and BENJAMIN OLKEN, Harvard University—Changing Regimes: The Effect of Political Change on Institutions and Economic Performance
EDWARD MIGUEL and GERARD ROLAND, University of California-Berkeley—The Long Run Impact of Bombing in Vietnam
SUMON MAJUMDAR, Queens University, and SHARUN MUKAND, Tufts University—Bridging the Divide: On Leadership and Institutional Change
Discussants: ROMAIN WACZIARG, Stanford University
ENRICO SPOLAORE, Tufts University
ALLAN DRAZEN, University of Maryland
Jan. 5, 2:30 pm
AEA
Networked Interactions (C7)
Presiding: LUIS RAYO, University of Chicago
ANTONI CALVO-ARMENGOL, Universitat Autonoma de Barcelona—On the Network Structure of Communication in Organizations
MATTHEW O. JACKSON and LEEAT YARIV, California Institute of Technology—The Spread of Behaviors and Technologies through Social Networks
DOUGLAS GALE, New York University, and SHACHAR KARIV, University of California-Berkeley—Financial Networks
Discussants: GARANCE GENICOT, Georgetown University
TANYA S. ROSENBLAT, Wesleyan University
ERIC FISHER, Ohio State University
Jan. 5, 2:30 pm
AEA
The Economics of National Security (H5)
Presiding: MARTIN FELDSTEIN, Harvard University
ALAN KRUEGER, Princeton University—Economic Incentives and Foreign Insurgents in Iraq
ROZLYN ENGEL, U.S. Military Academy—The Effect of Casualties on Lifetime Earnings
STEFANO DELLAVIGNA and ETHAN KAPLAN, University of California-Berkeley—The Economic and Ideological Determinants of Military Recruiting
PHILIP MARTIN, THIERRY MAYER, University of Paris, and MATHIAS THOENIG, University of Geneva—The Effects of Multilateralism and Regionalism on Military Conflicts
JOHN B. TAYLOR, Stanford University—The Financial Front in the War on Terror
Jan 5, 2:30 pm
AEA
Social Insurance Programs: Good for Workers? Good for the Labor Market? (J6)
Presiding: RAJ CHETTY, University of California-Berkeley and NBER
DAN BLACK, JOSE GALDO, Syracuse University, and JEFF SMITH, University of Michigan—Evaluating the Regression Discontinuity Design Using Experimental Data
RAFAEL LALIVE, University of Zurich—The Effects of Extended Benefits on Unemployment Duration and Early Retirement: A Regression Discontinuity Approach
DAVID CARD, RAJ CHETTY, University of California-Berkeley, and ANDREA WEBER, Institute for Advanced Studies, Vienna—Unemployment Benefits, Income Effects, and Search Outcomes: Evidence from a Discontinuity in the Austrian Severance Pay System
DAVID AUTOR, Massachusetts Institute of Technology, and MARK DUGGAN, University of Michigan—The Pure Income Effect of Disability Cash Transfers: Evidence from the Veteran Administration’s Disability Compensation Program
Discussants: CHRIS BOLLINGER, University of Kentucky
THOMAS LEMIEUX, University of British Columbia
AMY FINKELSTEIN, Massachusetts Institute of Technology
OLIVIER DESCHENES, University of California-Santa Barbara
Jan. 5, 2:30 pm
AEA
The Economics of “Self-Discovery”: Export Specialization, Productivity and Growth (O1)
Presiding: DANI RODRIK, Harvard University
JASON HWANG, RICARDO HAUSMANN, and DANI RODRIK, Harvard University—What You Export Matters
RICARDO HAUSMANN and BAILEY KLINGER, Harvard University—Monkeying Around: On the Determinants of Structural Transformation of Exports
RICARDO HAUSMANN and DANI RODRIK, Harvard University—Good Politics, Good Policies, Low Growth: The Puzzle of South Africa
Discussants: JAMES TYBOUT, Pennsylvania State University
MARC MELITZ, Harvard University
ANDRES RODRIGUEZ-CLARE, Pennsylvania State University
Jan. 5, 2:30 pm
AEA/CEANA
Financial Econometrics
Presiding: DONALD LIEN, University of Texas-San Antonio
TORBEN ANDERSON, Northwestern University, TIM BOLLERSLEV, and XING HUANG, Duke University—A Semiparametric Framework for Modeling and Forecasting Jumps and Volatility in Speculative Prices
JIN-CHUAN DUAN and ANDRAS FULOP, University of Toronto—Estimating the Structural Credit Risk Model When Equity Prices are Contaminated by Trading Noises
JUSHAN BAI, New York University, CHIHWA KAO, Syracuse University, and SERENA NG, University of Michigan—Panel Cointegration with Global Stochastic Trends
RAY CHOU, Institute of Economics, Academia Sinica—Forecasting Financial Volatilities with a Nonlinear Range-Based Volatility Model
Discussants: ALESSANDRO PALANDRI, Duke University
YONG BAO, University of Texas-San Antonio
JOHN CHAO, University of Maryland
KYOO-IL KIM, Singapore Management University
Jan. 5, 2:30 pm
AEA/ODE
Presiding: ROBERT S RYCROFT, University of Mary Washington
TIMOTHY F. PAGE, University of New Hampshire--Labor Supply Responses to Government Provided Health Insurance: Evidence from Kidney Transplant Patients
LUISA BLANCO RAYNAL, University of Oklahoma--Is Financial Development Really Beneficial for Latin American Countries?
JUAN CARLOS SUAREZ, University of California-Berkeley, and ZENIDE AVALLANEDA, Federal Reserve Board—Juanita’s Money Order: Income Effects on Human Capital Investment in Mexico
HENING LIU, Northern Illinois University--Labor Supply, Self-insurance and Knightian Uncertainty
Discussants: HENING LIU, Northern Illinois University
JUAN CARLOS SUAREZ, University of California-Berkeley
LUISA BLANCO RAYNAL, University of Oklahoma
TIMOTHY F. PAGE, University of New Hampshire
Jan. 5, 2:30 pm
AEA/TPUG
Spatial Modeling, Discrete Choices and the Costs and Benefits of Transportation
Network Improvements
Presiding: KEITH HOFSETH, U.S. Army Corps of Engineers
KENNETH TRAIN, University of California-Berkeley, and WESLEY WILSON, University of Oregon—Transportation Demand Modeling: Econometric Analysis of RP and SP-off-RP Data
SIMON ANDERSON, University of Virginia—Spatial Modeling of Shipper Choices, Railroad Pricing, Congestion and Equilibrium
BRUCE BLONIGEN, University of Oregon—International Trade and Transportation Networks
JOSEPH COOK, National Economic Research Associates, and CHARLES PLOTT, California Institute of Technology—Congestion at Locks on Inland Waterways: An Experimental Testbed of a Policy of Tradable Priority
Discussants: TAE OUM, University of British Columbia
KENNETH BOYER, Michigan State University
DAVID HUMMELS, Purdue University
Jan. 5, 2:30 pm
AFA
Behavior of Institutions and Other Investors
Presiding: HARRISON HONG, Princeton University
TAO SHU, University of Texas-Austin—Does Positive-Feedback Trading by Institutions Contribute to Stock Return Momentum?
RASHA ASHRAF and NARAYANAN JAYARAMAN, Georgia Institute of Technology—Institutional Investors’ Trading Behavior in Mergers and Acquisitions
MALCOLM P. BAKER, Harvard Business School, STEFAN NAGEL, Stanford University, and JEFFREY WURGLER, New York University—The Effect of Dividends on Consumption
Discussants: NATALIA PIQUEIRA, University of Houston
KAI LI, University of British Columbia
NICHOLAS SOULELES, University of Pennsylvania
Jan. 5, 2:30 pm
AFA
Corporate Bankruptcy and Loan Ratings
Presiding: KARIN THORBURN, Dartmouth College
TOM CHANG and ANTOINETTE SCHOAR, Massachusetts Institute of Technology—Judge Specific Differences in Chapter 11 and Firm Outcomes
FEDERICO CILIBERTO and CAROLA SCHENONE, University of Virginia—Financial Decisions, Bankruptcy, and Product-Market Competition in the Airline Industry
AMIR SUFI, University of Chicago—The Real Effects of Debt Certification: Evidence from the Introduction of Bank Loan Ratings
Discussants: EDITH HOTCHKISS, Boston College
SHERI TICE, Tulane University
MICHAEL ROBERTS, University of Pennsylvania
Jan. 5, 2:30 pm
AFA
Directors, Shareholders, and Other Monitors
Presiding: ANDREW METRICK, University of Pennsylvania
STUART GILLAN, Arizona State University, JAY C. HARTZELL, and LAURA T. STARKS, University of Texas-Austin—Evidence on Corporate Governance: The Joint Determination of Board Structures and Charter Provisions
STEVEN N. KAPLAN, University of Chicago, and BERNADETTE A. MINTON, Ohio State University—How Has CEO Turnover Changed? Increasingly Performance Sensitive Boards and Increasingly Uneasy CEOs
I.J. ALEXANDER DYCK, University of Toronto, ADAIR MORSE, University of Michigan-Ann Arbor, and LUIGI ZINGALES, University of Chicago—Who Blows the Whistle on Corporate Fraud?
HENRIK CRONQVIST and RUDIGER FAHLENBRACH, Ohio State University—Large Shareholders and Corporate Policies
Discussants: KOSE JOHN, New York University
BRIAN HALL, Harvard University
SHIVARAM RAJGOPAL, University of Washington
CLIFFORD HOLDERNESS, Boston College
Jan. 5, 2:30 pm
AFA
Theoretical Corporate
Presiding: DENIS GROMB, London Business School
ANDREA L. EISFELDT and ADRIANO A. RAMPINI, Northwestern University—Leasing, Ability to Repossess, and Debt Capacity
THIERRY FOUCAULT, HEC Paris, and THOMAS GEHRIG, University of Freiburg, Germany—Stock Price Informativeness, Cross-Listings and Investment Decisions
MURRAY CARLSON, University of British Columbia, ENGELBERT J. DOCKNER, University of Vienna, ADLAI J. FISHER, and RON GIAMMARINO, University of British Columbia—Leaders, Followers, and Risk Dynamics in Industry Equilibrium
Discussants: KENNETH AYOTTE, Columbia University
ITAY GOLDSTEIN, Duke University and University of Pennsylvania
ANTONIO MELLO, University of Wisconsin-Madison
Jan. 5, 2:30 pm
AFA
Hedge Funds: Performance and Persistence
Presiding: CLIFF ASNESS, AQR Capital Management, LLC
WILLIAM FUNG, London Business School, DAVID A. HSIEH, Duke University, NARAYAN Y. NAIK, London Business School, and TARUN RAMADORAI, University of Oxford—Hedge Funds: Performance, Risk and Capital Formation
ANDREW ANG, MATTHEW RHODES-KROPF, and RUI ZHAO, Columbia University—Do Funds-of-Funds Deserve Their Fees-on-Fees?
RAVI JAGANNATHAN, Northwestern University, ALEXEY MALAKHOV, University of North Carolina-Chapel Hill, and DIMITRY NOVIKOV, Goldman Sachs Group, Inc.—Do Hot Hands Persist Among Hedge Fund Managers? An Empirical Evaluation
GUILLERMO BAQUERO and MARNO VERBEEK, Erasmus University Rotterdam—Do Sophisticated Investors Believe in the Law of Small Numbers?
Discussants: TUOMO VUOLTEENAHO, Harvard University and Arrowstreet Capital, LP
PETER MULLER, Morgan Stanley
RANDOLPH COHEN, Harvard Business School
ANTHONY LYNCH, New York University
Jan. 5, 2:30 pm
AREUEA
Commercial Real Estate
Presiding: JEFFREY D. FISHER, Indiana University
DOINA CHICHERNEA, NORM MILLER, University of Cincinnati, JEFF FISHER, Indiana University, and MICHAEL SKLARZ, Fidelity National Information Solutions--A Cross Sectional Analysis of Cap Rates by MSA
DEAN GATZLAFF and CYNTHIA HOLMES, Florida State University---Estimating Transaction-Based Price Indices for Local Commercial Real Estate: An Examination of Alternative Methodologies using Property Tax Data
ANTHONY YEZER and CHAO YUE TIAN, George Washington University--Office Rents and the Monocentric City
YONGPING LIANG, University of Wisconsin, and KERRY VANDELL, University of California-Irvine--The Anatomy of Vacancy Behavior: Implications for the Rental Adjustment Process
Discussants:
JIM CLAYTON, Pension Real Estate
Association
WAYNE ARCHER, University of Florida
LYNN FISHER, Massachusetts Institute of Technology
THOMAS THIBODEAU, University of Colorado
Jan. 5, 2:30 pm
AREUEA
Mortgage Choice
Presiding: FRANK E. NOTHAFT, Freddie Mac
MARSHA J COURCHANE, ERS Group, PETER M. ZORN, Freddie Mac--Comparisons of Prime and Subprime Mortgages
SHANE M. SHERLUND, ANDREAS LEHNERT, WAYNE PASSMORE, and GILLIAN BURGESS, Federal Reserve Board--Financial Innovation and Household Mortgage Choice
MICHAEL LACOUR-LITTLE, California State University-Fullerton--The Home Purchase Mortgage Preferences of Low-and-Moderate Income Households
YAN CHANG, Freddie Mac--The Product Switch in Refis: Who, When and Why
Discussants:
CHRIS RICHARDSON, GMAC Residential
JAN BRUECKNER, University of California-Irvine
JAMES FOLLAIN, Fidelity Hansen
ANDREA HEUSON, University of Miami
Jan. 5, 2:30 pm
ACES
Presiding: PAUL GREGORY, University of Houston
MARK HARRISON, University of Warwick, UK--The Soviet Economy: War, Growth, and Dictatorship
GUR OFER, Hebrew University of Jerusalem--Looking Back at the Burden of Defense and Military R&D
MARTIN SPECHLER and DINA SPECHLER, Indiana University--The Burden of Empire on the Soviet Union: New Calculations
CLIFF GADDY, Brookings Institution, and BARRY ICKES, Pennsylvania State University--Addiction and Withdrawal: Resource Rents and the Collapse of the Soviet Economy
Discussants: PAUL GREGORY, University of Houston
VLADIMIR KONTOROVICH, Haverford College
Jan. 5, 2:30 pm
AEDSB
Presiding: M. KABIR HASSAN, University of New Orleans
SHAH SAEED HASSAN CHOWDHURY, Middle Tennessee State University, M. KABIR HASSAN, University of New Orleans and HUMAYOUN KABIR, University of Rajshahi-- Is There Any Overreaction in the Dhaka Stock Exchange (DSE)
MATIUR RAHMAN, McNeese State University, and MUHAMMAD MUSTAFA, South Carolina State University--Trade and International Migration: Evidence from Bangladesh
TANWEER AKRAM, Moody's Economy.com--The Bangladesh Genocide of 1971
NOOR M. KAMRUL ISLAM, Bloomsburg University--Rising Corruption Within Bangladesh Society: A Threat to Its Fragile Democracy, Social Order, and Economic Progress
A.B.M. NASIR, North Carolina State University—Wage Differential, Resource Misallocation and Governance Failure: An Economic Analysis of Bangladesh
Discussants: M. KABIR HASSAN, University of New Orleans
MATIUR RAHMAN, McNeese State University
MUHAMMAD MUSTAFA, South Carolina State University
TANWEER AKRAM, Moody's Economy.com
M. FAIZUL ISLAM, Southeastern University
A.B.M. NASIR, North Carolina State University
Jan. 5, 2:30 pm
AFEE
Efficiency, Social Efficiency and Financial Exclusion in Institutionalist Theory (E1)
Presiding: SCOTT FULLWILER, Wartburg College
TOKUTARO SHIBATA, University of Tokyo--On the Concept of Efficiency in Institutional Economics
RYUICHIRO TERAKAWA, University of Tokyo--An Aspect of the Philosophical Foundations of
Commons’ Institutional Economics
GARY DYMSKI, University of California-Riverside and University of California Center-
Sacramento--The Global Transformation of Core-Banking Markets: A Polanyi/Commons View
KAZUO MARAKOSHI, University of California-Riverside--Justice in Finance: A Methodological
Examination of Financial Exclusion and Social Efficiency
PHILIP ARESTIS, University of Cambridge, UK and ASENA CANER, TOBB-Economics and
Technology University, Turkey--The Channels through which Financial Liberalization
Influences Poverty
Discussant: YNGVE RAMSTAD, University of Rhode Island
Jan. 5, 2:30 pm
Local Institutions in the Globalizing Economy (R5)
Presiding: ROBERT SCOTT III, Monmouth University
OLIVIER BRETTE and YVES CHAPPOZ, Université Jean Moulin Lyon 3, France--The French
Competitiveness Clusters: Toward a New Public Policy for Innovation and Research?
SUE KONZELMANN, Birkbeck College, University of London--The Global Reproduction of National Capitalisms: The Cases of Wal-Mart and IKEA
JULIE H. GALLAWAY, University of Missouri, Rolla--Point-of-Use Water Filtration: An Institutional Approach to Economic Development Public Policy
JOHN WATKINS, Westminster College--Economic Institutions under Disaster Situations: The Case
of Hurricane Katrina
MATTHEW C. WILSON, University of Denver--The Institution of State and Local Public Budgeting
Rules: A Veblenian Critique of Tax and Expenditure Limitations
Discussant: RICHARD V. ADKISSON, New Mexico State University
Presiding: EDWARD O'BOYLE, Louisiana Tech University
ALBINO BARRERA, Providence College--Economic and Social Sustainability in the Information Age: Need Satisfaction and Relative Equality as Necessary Conditions
MARK D. WHITE, College of Staten Island/CUNY--Kantian Autonomy: Reconciling Individualism with Social Sustainability
MICHAEL R. STONE and ANNE P. COBB, Empire State College--A Quiet Revolution: Teachings and Actions on How to Humanize Economics
JOHN F. TOMER, Manhattan College--Intangible Capital and Economic Growth: A Comprehensive and Unifying View
Discussants: DAVID GEORGE, LaSalle University
EDWARD O'BOYLE, Louisiana Tech University
Jan. 5, 2:30 pm
AERE
Taxes, Subsidies, and Controlling Pollution Emissions (Q5)
Presiding: NICHOLAS E. FLORES, University of Colorado-Boulder
MAGI DELMAS, University of California-Santa Barbara, MARIA MONTES, Universitat Pompeu Fabra, and JAY SHIMSHACK, Tufts University—Mandatory Information Disclosure and Environmental Performance in the Electricity Industry
DONNA RAMIREZ HARRINGTON, University of Guelph, GEORGE DELTAS, and MADHU KHANNA, University of Illinois-Urbana-Champaign--Environmental Subsidies and Social Welfare in a Horizontally Differentiated Market
CAROLYN FISCHER and ALAN FOX, Resources for the Future--Should Emissions Permit Revenues Lower Taxes or Subsidize Output? The Role of Leakage
CHARLES F. MASON, University of Wyoming, STEPHEN POLASKY, University of Minnesota, and NORI TARUI, Columbia University--Cooperation on Climate-Change Mitigation
Discussants: JARED CARBONE, Williams College
STEPHEN SALANT, University of Michigan
DALLAS BURTRAW, Resources for the Future
JASON F. SHOGREN, University of Wyoming
LAURA TUTTLE, University of Kansas--Hidden Orders, Trading Costs and Information.
BURKART MONCH, Goethe University, and ANGELIKA ESSER, DekaBank--The Navigation of an Iceberg: The Optimal Use of Hidden Orders
KUMAR VENKATARAMAN, Southern Methodist University, HANK BESSEMBINDER, University of Utah, and MARIOS PANAYIDES, Yale University--In Search of Liquidity: An Analysis of Order Exposure Strategies in Automated Markets
Discussants: CHRISTINE PARLOUR, University of California-Berkeley.
JEFF HARRIS, University of Delaware
AVANIDHAR SUBRAHMANYAM, University of California-Los Angeles.
Jan. 5, 2:30 pm
AIES
Social Choices and Economic Decision Making (O1, D7, Q2)
Presiding: KUSUM KETKAR, Yeshiva University
AMITRAJEET BATABYAL, Rochester Institute of Technology—Mediator Learning and Dowry Determination in an Arranged Marriage Setting
AMITABH LAHIRY, Madhya Pradesh Education—Reservations and Social Justice
JYOTHI KHANNA and MICHAEL JOHNSTON, Colgate University—Bringing in the Middle Men, Corruption, Tradition and Growth in India
ROBY RAJAN, University of Wisconsin—Incentive Compatibility and Governance
CHAITRAM TALELE, Columbia State University—Supply and Demand for Water
SURESH DESAI, Montclair State University—Innovation in Gandhian Economics
SANDWIP DAS, University of California, and MONICA DAS, Skidmore College—Economic Growth an Equitable Distribution
LUIS SAN VICENTE PORTES, Montclair State University—Trade and Income Distribution
Discussants: APARAJITA NANDI, Queens College, City University of New York
KANKANA MUKHERJEE, Worcester Polytechnic Institute
SANDWIP DAS, University of California
SYED HYAT, Siena College
Jan. 5, 2:30 pm
CS
Economic History of Labor: New Directions
Presiding: ROBERT MARGO, Boston University and NBER
RAYMOND L. COHN, Illinois State University—The Volume and Composition of European Immigration to the Antebellum United States: An Analysis of the Passenger Lists
JOSEPH FERRIE, Northwestern University, and WERNER TROESKEN, University of Pittsburgh—The Past as Prologue: The Effects of Early Life Circumstances at the Community and Household Levels on Mid-Life and Late-Life Outcomes
NATHAN GRAWE and JENNY WAHL, Carleton College—Blacks, Whites, and Brown: Effects on the Earnings of Men and Their Sons
ANDREW SELTZER—Female Clerical Salaries and the Impact of the Feminization of Clerical Labor Markets on Male Employees: Evidence from English Banking
Discussants: MARIANNE HINDS WANAMAKER, Northwestern University
LOU CAIN, Northwestern University
JACOB VIGDOR, Duke University
ELYCE ROTELLA, Indiana University
Jan. 5, 2:30 pm
ES
The Development and Labor Market Significance of Noncognitive Skills
Presiding: JAMES J. HECKMAN, University of Chicago
CARMIT SEGAL, Harvard University--Misbehavior, Education and Labor Market Outcomes
LEX BORGHANS, BAS TER WEEL, Maastricht University, and JAMES J. HECKMAN, University of Chicago--The Economics of Noncognitive Skills
FLAVIO CUNHA, JAMES J. HECKMAN, and SUSANNE SCHENNACH, University of Chicago--Estimating the Elasticity of Substitution Between Early and Late Investments in the Technology of Cognitive and Noncognitive Skill Formation
SERGIO URZUA, University of Chicago--The Role of Abilities and Schooling Choices in Explaining Racial Labor Market Gaps
Jan. 5, 2:30 pm
ES
International Fluctuations: Cycles and Crises
Presiding: DOIREANN FITZGERALD, University of California-Santa Cruz
DOIREANN FITZGERALD, University of California-Santa Cruz--Trade Costs, Asset Market Frictions and Risk Sharing: A Joint Test
MARIO
J. CRUCINI, Vanderbilt University, M. AYHAN KOSE, International Monetary Fund,
and CHRISTOPHER OTROK, University of Virginia--What Are the Driving Forces of
International Business Cycles?
ENRIQUE G. MENDOZA, University of Maryland, NBER, and International Monetary Fund, and P. MARCELO OVIEDO, Iowa State University--Fiscal Policy and Macroeconomic Uncertainty in Emerging Markets: The Tale of the Tormented Insurer
BETTY C. DANIEL, State University of New York-Albany--Averting a Fiscal Financial Crisis within the EMU
Discussants: MIKLOS KOREN, Federal Reserve Bank of New York
VIVIAN ZHANWEI YUE, New York University
YAN BAI, Arizona State University
ESPEN R. HENRIKSEN, University of Oslo
Jan. 5, 2:30 pm
ES
Productivity and the Firm
Presiding: THOMAS HOLMES, University of Minnesota
ALI HORTACSU and CHAD SYVERSON, University of Chicago and NBER--Why Is Scale So Important in Vertical Integration?
DANIEL ACKERBERG, University of California-Los Angeles, KEVIN CAVES, Deloitte and Touche, and GARTH FRAZER, University of Toronto--Structural Identification of Production Functions
DENNIS EPPLE, BRETT GORDON, and HOLGER SIEG, Carnegie Mellon University--A Flexible Approach to Estimating Production Functions When Output Prices are Unobserved
SUNGJIN CHO, Hanyang University, and JOHN RUST, University of Maryland--Do Firms Maximize Profits? Suboptimal Replacement Decisions by a Profitable Car Rental Company
Discussants: THOMAS HOLMES, University of Minnesota
AMIL PETRIN, University of Chicago
MARK J. ROBERTS, Pennsylvania State University
ADAM COPELAND, Bureau of Economic Analysis
Jan. 5, 2:30 pm
ES
Information Transmission in Organizations
Presiding: AMIL DASGUPTA, London School of Economics and CEPR
NAVIN KARTIK, University of California-San Diego, MARCO OTTAVIANI, London Business School, and FRANCESCO SQUINTANI, University College London--Credulity, Lies, and Costly Talk
JOHN VAN REENEN, London School of Economics, DARON ACEMOGLU, Massachusetts Institute of Technology, PHILIPPE AGHION, Harvard University, FABRIZIO ZILIBOTTI, Stockholm University, and Claire LeLarge, INSEE--Technology, Information and the Decentralization of the Firm
DANIEL FERREIRA, Universidade Nova de Lisboa, and RAAJ SAH, University of Chicago--Who Gets to the Top: Generalists versus Specialists in Organizations
AMIL DASGUPTA and ANDREA PRAT, London School of Economics and CEPR--Asset Price Dynamics When Traders Care About Reputation
Jan. 5, 2:30 pm
ES
Issues in Multiple Agent Economies
Presiding: XAVIER MATEOS-PLANAS, University of Southampton
XAVIER MATEOS-PLANAS, University of Southampton--Tighter Bankruptcy Rules with Endogenous Credit Limits
DANNY LEUNG, CESAIRE MEH, and YAZ TERAJIMA, Bank of Canada--Firm Life-Cycle Dynamics and Productivity
CARLOS GARRIGA and DON SCHLAGENHAUF, Florida State University--A Theory of Marriage and Divorce
GUSTAVO VENTURA, Pennsylvania State University, and NEZIH GUNER, Universidad Carlos III, and REMZI KAYGUSUZ, Pennsylvania State University--Taxation, Aggregates and the Household
Discussants: YAZ TERAJIMA, Bank of Canada
IRINA A TELYUKOVA, University of Pennsylvania
GUSTAVO VENTURA, Pennsylvania State University
CARLOS GARRIGA, Florida State University
Jan. 5, 2:30 pm
ES
Technology and Business Cycles
Presiding: R. ANTON BRAUN, University of Tokyo
THOMAS LAUBACH, Federal Reserve Board, and JOHN C. WILLIAMS, Federal Reserve Bank of San Francisco—The Response of Hours to Technology Shocks: Much Ado About Nothing?
DALE HENDERSON, JINILL KIM, and LUCA GUERRIERI, Federal Reserve Board—What Happens When MFP Grows Faster in the IT Sector?
YULEI LUO, University of Hong Kong, and ERIC YOUNG, University of Virginia—Rational Inattention and Aggregate Fluctuations
R.
ANTON BRAUN, University of Tokyo, TOSHIHIRO OKADA, Kwansei Gakuin University,
and
NAO SUDOU, Bank of Japan and Boston University—U.S. R&D and Japanese Medium
Term Cycles
Discussants: AGOSTINO CONSOLO, Bocconi University
FRANCESCO COLUMBA, Bank of Italy
MATTHIAS PAUSTIAN, Bowling Green State University
WILLIAM VAN ZANDWEGHE, Carnegie Mellon University
Jan. 5, 2:30 pm
HERO
Health and Aging: Baby Boomers Becoming Senior Citizens
Presiding: MICHAEL GROSSMAN, City University of New York and NBER
ROBERT KAESTNER, University of Illinois-Chicago and NBER—Medicare and Health Behaviors
DHAVAL DAVE, Bentley College and NBER, INAS RASHAD, George State University and NBER, and JASMINA SPASOJEVIC, Metropolitan College—The Effects of Retirement on Physical and Mental Health Outcomes
DANIEL POLSKY, JALPA DOSHI, University of Pennsylvania, WILLARD MANNING, University of Chicago, JOSÉ ESCARCE, University of California-Los Angeles, JEANNETTE ROGOWSKI, University of Medicine and Dentistry of New Jersey, SUSAN PADDOCK, RAND Corporation, and LIYI CEN, University of Pennsylvania—The Health Effects of Health Insurance for the Near-Elderly Uninsured
Discussants: DONALD KENKEL, Cornell University and NBER
GREGORY COLMAN, Pace University
SEAN NICHOLSON, Cornell University and NBER
Jan. 5, 2:30 pm
HES
Adam Smith as Theologian (B1)
Presiding: JERRY EVENSKY, Syracuse University
PAUL OSLINGTON, University of New South Wales and Princeton Seminary--The Natural Theological Context of Early Political Economy
BRENDAN LONG, Parliament House Canberra and Australian Catholic University--Adam Smith as Theologian
DEIRDRE MCCLOSKEY, University of Illinois-Chicago and Erasmus University of Rotterdam--Adam Smith and a Theological Defense of Capitalism
JEFFREY YOUNG, St. Lawrence University--Ethics and Theology in Adam Smith
Jan. 5, 2:30 pm
IOS
Competition Policy in the U.S. and the EU (L5)
Presiding: LAWRENCE WHITE, New York University
DENNIS CARLTON, U.S. Department of Justice--Competition Policy at the U.S. Department of Justice
LESLIE MARX, Former Chief Economist, Federal Communications Commission--Competition Policy at the U.S. Federal Communications Commission
MICHAEL SALINGER, Federal Trade Commission--Competition Policy at the U.S. Federal Trade Commission
OLIVER STEHMANN, Directorate–General Competition at the European Commission--Competition Policy at the European Commission
Discussant: LAWRENCE WHITE, New York University
Jan. 5, 2:30 pm
LERA
Conflict and Cooperation in Employment Relations “with Chinese Characteristics”
Presiding: SIMON CLARKE, University of Warwick
GUILAN YU, Jilin University, China--Employment Cooperation in China’s Creative Industry
HANLING LIU, Guandong Hi-technology Sector, China--Employment Conflict Resolution in China’s Hi-technology Sector
BRENDA C. SUN, Utah State University--Employment Conflict Resolution in China’s Strategic Sector
Discussants: SUE FERNIE, London School of Economics
XIANGQUAN ZENG, Remin University
Jan. 5, 2:30 pm
LERA
Healthcare Restructuring: Implications for Union Strategies
Presiding: DEBRA GERARDI, Creighton University
ARIEL AVGAR, Cornell University--Treating Conflict: Alternative Dispute Resolution in the Healthcare Industry
JULIE SADLER, Cornell University--Nurses: Professionals vs. Union Members
AMANDA TATTERSALL, University of Sydney--Success Where Others Fail: Community Unionism in Healthcare, Lessons from Toronto
Discussants: REBECCA GIVAN, Cornell University
DARLENE CLARK, Pennsylvania State University
Jan. 5, 2:30 pm
LERA
The New Arena of Workplace Conflict: Whistleblower Claims: Rights and Remedies
Presiding: WILLIAM CANAK, Middle Tennessee State University, and MARLENE HEYSER, Orange County Transportation Authority
JON ROSEN, Jon Rosen & Associates
PETER BENNETT, The Bennett Law Firm
SARA ADLER, Law Office of Sara Adler
JED L. MARCUS, Bressler, Amery & Ross, PC
Jan. 5, 2:30 pm
Poster Session (A1)
Presiding: HASSAN ALY, Ohio State University
SAIF S. AL-SOWAIDI, University of Qatar, and ALI F. DARRAT, Louisiana Tech University--Financial Innovations and the Conduct of Monetary Policy: The Experience of Qatar and the United Arab Emirates
ZINE M. BARKA, University of Tlemcen --A Comparative Assessment of the Budget Transparency
CANER BAKIR, Koç University, Turkey--Central Bank Governance in Turkey: A Comparative Perspective
FATMA DOGRUEL and A.SUUT DOGRUEL, Marmara University--Foreign Debt Dynamics in Middle Income Countries
HALA EL-RAMLY, American University in Cairo--Output Convergence Among Arab Countries
SAZIYE GAZIOGLU, Middle East Technical University, Turkey, and University of Aberdeen--Stock Market Returns in An Emerging Financial Market: Turkish Case Study
HAYKEL HADJ SALEM, FSEG Mahdia and University of Monastir, Tunisia, and DOAA M. SALMAN, October University of Modern Science and Arts, Egypt--The Impact of Policy Volatility in Three Countries of the MENA: Evaluation by a Recursive CGE Model
OZAN HATIPOGLU, Bogazici University, and GULENAY OZBEK, New York University--The Political Economy of the Informal Sector and Income Redistribution
ALI REZA JALILI, New England College--Philosophy, Methodology, and Impact of Taxation under Islamic Jurisprudence
BASSEM KAMAR, International Monetary Fund, and DAMYANA BAKARDZHIEVA, University of Monaco--Banking Sector Reforms to Sustain Growth in the MENA Region
O. MIKHAIL, University of Central Florida--Unlocking the Pharaoh’s Vault? On the Welfare Implications of a Transparent Egyptian Central Bank
WASSEEM MINA, United Arab Emirates University--What Determines FDI Inflows to the GCC Countries?
NEVINE MOKHTAR EID, Cairo University, Egypt--Financial Integration in Egypt: “A Laugh to Keep from Crying”
HILMI NATHALIE and ALAIN SAFA, University of Nice, France--The Impact of Foreign Trade on Economic Growth: The Case of Turkey
NAGLA RIZK, American University in Cairo--Competitiveness of the Damietta Furniture Cluster in Egypt
EMAN SELIM, Tanta University, Egypt, and Mutah University, Jordan--Egyptian Exchange Rate Bubbles
JAY SQUALLI and KENNETH WILSON, Zayed University, UAE--How Open Are Arab Markets?
A.YASEMIN YALTA, Fordham University, New York--An Analysis of Capital Flight, Capital Account Liberalization and Investment: The Case of Turkey
Presiding: CARL R. TANNENBAUM, NABE and LaSalle Bank
CARL R. TANNENBAUM, NABE and LaSalle Bank--NABE Outlook for Economic Activity, Job Creation, Wages, and Productivity Growth
DANIEL G. SULLIVAN, Federal Reserve Bank of Chicago--Decomposition of Trends in Labor Force Participation: How Much Slack Exists in the Job Market?
Speaker to be announced--Compensation Trends: The Relationship Between Wages and Benefits and an Evaluation of the Various Measures Of Income
Speaker to be announced--Comparison of Wages to Productivity Growth: How Will These Variables Evolve over the Coming Year?
Discussants: CARL R. TANNENBAUM, NABE and LaSalle Bank
Other discussants to be announced.
Jan. 5, 2:30 pm
NAFE
Forensic Economics I (K4)
Presiding: ARTHUR A. EUBANK, JR., Eubank Economics, Inc.
KURT V. KRUEGER, John O. Ward & Associates--Personal Consumption of Household Services
THOMAS R. IRELAN