Thursday, January 3, 2008

Jan. 3, 6:30 pm

ASE/NEA/IAFFE/URPE

Inequality, Democracy, and the Economy (D6)

Presiding: JOHN B. DAVIS, University of Amsterdam and Marquette University

DEAN BAKER, Center for Economic and Policy Research

WILLIAM J. DARITY, JR., Duke University

LOURDES BENERIA, Cornell University

Friday, January 4, 2008

Jan. 4, 8:00 am

AAEA

The Economics of More Flexible Approaches to Simultaneously Meeting Competing Water Demands of Irrigated Agriculture, Cities, and the Environment (Q2)

Presiding: JOHN LOOMIS, Colorado State University

FRANK WARD, New Mexico State University, MARY JO KEALY, CH2M-Hill, LEAH MANNING, Lower Colorado River Authority, and GARY GUY, San Antonio Water System--Least Cost Conservation Measures in Irrigated Agriculture to Sustain Urban and Environmental Water Demands

JAMES PRITCHETT and JENNIFER THORVALDSON, Colorado State University--Water as a Crop: An Investigation into Farmers' Willingness to Adopt Limited Irrigation Practices and Participate in Water Leasing

EDNA LOEHMAN, Purdue University, and JOHN LOOMIS, Colorado State University--Economic Efficiency Conditions for Balancing Optimum Instream Flow as a Public Good and Agricultural Uses of Water

Discussant: RONALD GRIFFIN, Texas A&M University

Jan. 4, 8:00 am

AEA

Firm Heterogeneity and International Trade

Presiding: KALA KRISHNA, Pennsylvania State University

ANDRES RODRIGUEZ CLARE, Pennsylvania State University, and SVETLANA DEMIDOVA, University of Georgia--Trade Policy, Endogenous Variety and Heterogenous Productivity

BEE-YAN ROBERTS, MARK ROBERTS, Pennsylvania State University, and DANIEL XU, New York University--Firm Heterogeneity and Export Activity: Investments in R&D of Taiwanese Firms

HIAU LOOI KEE, World Bank, and KALA KRISHNA, Pennsylvania State University--Trade Policy Differences and Firm Characteristics: Evidence from Bangladesh

Discussants: RICHARD BALDWIN, Graduate Institute of International Studies, Geneva

JAMES TYBOUT, Pennsylvania State University

JOSEPH FRANCOIS, Erasmus University Rotterdam

Jan. 4, 8:00 am

AEA

Better Living through Economics: I

Presiding: JOHN J. SIEGFRIED, Vanderbilt University

CHARLES PLOTT, California Institute of Technology--Using Economic Research to Improve the World We Live In

Discussants: DAN NEWLON, National Science Foundation

DANIEL HAMERMESH, University of Texas-Austin

ALAN BLINDER, Princeton University

Jan. 4, 8:00 am

AEA

The Economic Effects of Informal Care around the World (J2)

Presiding: COURTNEY VAN HOUTVEN, Duke University

NORMA COE, Tilburg University, and COURTNEY VAN HOUTVEN, Duke University--The Effect of Parental Caregiving on Adult Children's Health and Wealth

LAURA CRESPO, Centro de Estudios Monetarios y Financieros (CEMFI)--Caring for Parents and Employment Status of European Mid-Life Women

PIERRE-CARL MICHAUD, RAND Corporation, and AXEL HEITMUELLER, London Business School and Prime Minister's Strategy Unit--Informal Care and Employment in England: Evidence from the British Household Panel Survey

BERNARD VAN DEN BERG, Free University of Amsterdam, DENZIL FIEBIG, and JANE HALL, University of New South Wales--The Impact of Providing Informal Care on Self-Reported Well-Being

Discussants: LILIANA PEZZIN, Medical College of Wisconsin

GEMA ZAMARRO, Tilburg University

STEVEN STERN, University of Virginia

EDWARD C. NORTON, University of North Carolina-Chapel Hil

Jan. 4, 8:00 am

AEA

Relational Contracts and Transactional Efficiency (L1)

Presiding: CLAUDE MENARD, ATOM - University of Paris Pantheon - Sorbonne

ROBERT GIBBONS and REBECCA HENDERSON, Massachusetts Institute of Technology--What Do Managers Do? Suggestive Evidence and Potential Theories about Building and Managing Relational Contracts

CLAUDE MENARD, ATOM - University of Paris Pantheon-Sorbonne--The Governance of Interfirm Agreements: A Relational Contract Perspective

ESHIEN CHONG, CLAUDINE DESRIEUX, and STÉPHANE SAUSSIER, University Paris XI Sud--Relational Contracts in Public-Private Partnerships: A Point of View from Multi-Market Contacts

RICARD GIL, University California-Santa Cruz, and JEAN-MICHEL OUDOT, ATOM - University Paris Pantheon-Sorbonne--Contractual Completeness and Ex-post Efficiency: Trade-Offs between Ex-Ante and Ex-Post Costs in Contract Design

Discussants: SCOTT MASTEN, University of Michigan

STEVEN TADELIS, University of California-Berkeley

RICARD GIL, University of California-Santa Cruz

ERIC BROUSSEAU, University of Paris Nanterre

Jan. 4, 8:00 am

AEA

Technology Adoption in Developing Countries (O3)

Presiding: DEAN YANG, University of Michigan

TAVNEET SURI, Massachusetts Institute of Technology--Selection and Comparative Advantage in Technology Adoption

XAVIER GINE, World Bank, NAVA ASHRAF, Harvard University, and DEAN KARLAN, Yale University--Technology Adoption and Network Formation: Evidence from a Horticultural Credit and Export Program in Kenya

DEAN YANG, University of Michigan, and XAVIER GINE, World Bank--Insurance, Credit, and Technology Adoption: Field Experimental Evidence from Malawi

Discussants: HOYT BLEAKLEY, University of Chicago

RICHARD AKRESH, University of Illinois-Ubana-Champaign

REBECCA THORNTON, University of Michigan

Jan. 4, 8:00 am

AEA

Dynamic Tradeoffs in Health Care Decisions (I1)

Presiding: HANMING FANG, Yale University

JEROME ADDA, University College London, UK--Social Smoking versus Addiction

JOHN CAWLEY and FENG LIU, Cornell University--The Impact of Unemployment on Health Investments and Risky Behaviors

HANMING FANG and ALESSANDRO GAVAZZA, Yale University--Dynamic Inefficiencies in Health Care Markets

AHMED KHWAJA, Duke University, DAN SILVERMAN, University of Michigan, and FRANK SLOAN, Duke University--Time Preference, Time Discounting, and Smoking Decisions

Discussants: To be announced.

Jan. 4, 8:00 am

AEA

Asset Prices with Learning (G1)

Presiding: KLAUS ADAM, European Central Bank

TIMOTHY COGLEY, University of California-Davis, and THOMAS J. SARGENT, New York University--The Market Price of Risk and the Equity Premium: A Legacy of the Great Depression?

ATHANASIOS ORPHANIDES and MIN WEI, Federal Reserve Board--Evolving Macroeconomic Perceptions and the Term Structure of Interest Rates

AVIK CHAKRABORTY, University of Tennessee, and GEORGE EVANS, University of Oregon--Can Perpetual Learning Explain the Forward Premium Puzzle?

KLAUS ADAM, European Central Bank, ALBERT MARCET, CREI, Pompeu Fabra, IAB, and JUAN PABLO NICOLINI, Universidad Torcuato di Tella--Stock Market Volatility and Learning

Discussants: To be announced.

Jan. 4, 8:00 am

AEA

Marriage Markets: Theory and Empirics (J1)

Presiding: CHRISTOPHER FLINN, New York University

MARISTELLA BOTTICINI, Collegio Carlo Alberto, University of Torino, and Boston University--Social Norms and Demographic Shocks: Marriage Markets and Dowries in Medieval Tuscany

ZVIKA NEEMAN, ANDREW NEWMAN, and CLAUDIA OLIVETTI, Boston University--Are Working Women Good for Marriage?

EUGENE CHOO, University of Toronto, SHANNON SEITZ, Boston College, and ALOYSIUS SIOW, University of Toronto

DANIELA DEL BOCA, University of Torino, and CHRISTOPHER FLINN, New York University--Household Time Allocation and Modes of Behavior: A Theory of Sorts

Discussants: SHANNON SEITZ, Boston College

META BROWN, University of Wisconsin-Madison

DANIELA DEL BOCA, University of Torino

WILBERT VAN DER KLAAUW, Federal Reserve Bank of New York

Jan. 4, 8:00 am

AEA

The Economic Geography of Trade and Production (R1)

Presiding: STEPHEN REDDING, London School of Economics

GILLES DURANTON, University of Toronto, PIERRE-PHILIPPE COMBES, University of Aix-Marseille, LAURENT GOBILLON, Institut National d'Etudes Démographiques, DIEGO PUGA, Universitat Pompeu Fabra, and SÉBASTIEN ROUX, Institut National de la Statistique et des Etudes Economiques--The Productivity Advantages of Large Cities: Distinguishing Agglomeration from Firm Selection

STEPHEN REDDING, DANIEL STURM, London School of Economics, and NIKOLAUS WOLF, University of Warwick--History and Industry Location: Evidence from German Airports

GUY MICHAELS, London School of Economics--The Long-Term Consequences of Resource Based Specialization

ELEANOR DOYLE, University College Cork, Ireland, and IMMACULADA MARTINEZ-ZARZOSO, Universitaet-Goettingen, Germany--Productivity, Trade, and Institutional Quality: A Panel Analysis

Discussants: GIOVANNI PERI, University of California-Davis

DONALD DAVIS, Columbia University

JAMES HARRIGAN, Federal Reserve Bank of New York

Jan. 4, 8:00 am

AEA

New Evidence on the Great Moderation of U.S. Business Cycle Volatility (E3)

Presiding: GIORGIO PRIMICERI, Northwestern University

LUCA BENATI, European Central Bank, and PAOLO SURICO, Bank of England--VAR Analysis and the Great Moderation

JONAS FISHER, Federal Reserve Bank of Chicago, and MARTIN GERVAIS, University Western Ontario--First Time Home Buyers and Residential Investment Volatility

ZHENG LIU, Emory University, DANIEL WAGGONER, and TAO ZHA, Federal Reserve Bank of Atlanta--Macroeconomic Volatility and Monetary Policy Regimes

JESUS FERNANDEZ-VILLAVERDE, University of Pennsylvania, and JUAN RUBIO-RAMIREZ, Duke University--How Structural are Structural Parameters? Time-Varying Parameters and the Great Moderation

Discussants: MARC GIANNONI, Columbia University

JEFFREY CAMPBELL, Federal Reserve Bank of Chicago

MATTEO IACOVIELLO, Boston College

BENOIT MOJON, Federal Reserve Bank of Chicago

Jan. 4, 8:00 am

AEA

Neural Foundations of Simple Economic Decision Making (D1)

Presiding: ANTONIO RANGEL, Caltech

BRIAN KNUTSON, Stanford University, SCOTT RICK, Carnegie Mellon University, ELLIOTT WIMMER, Stanford University, DRAZEN PRELEC, Massachusetts Institute of Technology, and GEORGE LOEWENSTEIN, Carnegie Mellon University--Neural Predictors of Purchases

HILKE PLASSMAN, JOHN O'DOHERTY, and ANTONIO RANGEL, Caltech--The Neural Basis for the Computation of Decision Values in Simple Economic Choice

CRAIG FOX, SABRINA TOM, CHRISOPHER TREPEL, and RUSSELL POLDRACK, University of California-Los Angeles--Losses Loom Larger Than Gains on the Brain: The Neural Basis of Loss Aversion in Decision Making under Risk

DAVID LAIBSON, Harvard University, SAMUEL MCCLURE, Princeton University, DAN ARIELY, Massachusetts Institute of Technology, and JONATHAN COHEN, Princeton University--Neural Mechanisms Underlying Temptation and Control

Discussants: ALDO RUSTICHINI, University of Minnessota

Jan. 4, 8:00 am

AEA

Understanding School Performance (I2)

Presiding: RICHARD MURNANE, Harvard University

ERIC HANUSHEK, Stanford University, and STEVEN RIVKIN, Amherst College--School Quality and the Black-White Achievement Gap

TIMOTHY BESLEY, London School of Economics, and STEPHEN MACHIN, University College London--Are Public Sector CEOs Different? Leadership Wages and Performance in Schools

ANDREAS AMMERMUELLER, Centre for European Economic Research (ZEW), Germany, and PETER DOLTON, Royal Holloway College--Pupil-Teacher Gender Interaction Effects on Scholastic Outcomes in England and the USA

WIJI ARULAMPALAM, JEREMY SMITH, and ROBIN NAYLOR, University of Warwick--Student Performance and Class Attendance

Discussants: RICHARD MURNANE, Harvard University

Others to be announced.

Jan. 4, 8:00 am

AEA

A Historical Perspective on Money and Payment Systems (E4)

Presiding: NATHAN SUSSMAN, Hebrew University

STEPHEN QUINN, Texas Christian University, and WILLIAM ROBERDS, Federal Reserve Bank of Atlanta--The Evolution of Checks as a Means of Payment: A Historical Survey

ISABEL SCHNABEL, University of Mainz, and BONN HYUN SONG SHIN, Princeton University--The "Kipper- und Wipperzeit" and the Origin of Central Banks

VINCENT BIGNON, University of Paris 10 at Nanterre & Sciences-Po, and RICHARD DUTU, University of Waikato, New Zealand--Moneychangers and the Quality of Money

Discussants: To be announced.

Jan. 4, 8:00 am

AEA

Macroeconomic News and Financial Markets (E4)

Presiding: SAMUEL REYNARD, Swiss National Bank

PAOLO PASQUARIELLO, University of Michigan, and CLARA VEGA, Federal Reserve Board--The On-the-Run Liquidity Phenomenon

MAGNUS ANDERSSON, European Central Bank--Using Intraday Data to Gauge Financial Market Responses to Fed and ECB Monetary Policy Decisions

JOSHUA HAUSMAN, University of California-Berkeley, and JON WONGSWAN, Barclays Global Investors--Global Asset Prices and FOMC Announcements

ANGELO RANALDO and SAMUEL REYNARD, Swiss National Bank--Monetary Policy, Effectgs on Long-Term Rates and Stock Prices

Discussants: JEREMY GRAVELINE, University of Minnesota

ALAIN CHABOUD, Federal Reserve Board

MARCEL FRATZSCHER, European Central Bank

MICHAEL FLEMING, Federal Reserve Bank of New York

Jan. 4, 8:00 am

AEA

Job and Occupational Mobility

Presiding: GIUSEPPE MOSCARINI, Yale University

ILLOONG KWON, State University of New York-Albany, and EVA MEYERSSON MILGROM, Stanford University--Firm vs. Occupation in Labor Markets: A Cross Analysis of Wage, Mobility, and Promotion

ANA RUTE CARDOSO, IZA Bonn--Big Fish in Small Pond or Small Fish in Big Pond? An Analysis of Job Mobility

IOANA MARINESCU, University of Chicago--Separation Costs and Stochastic Productivity in a Matching Model of Job Turnover

GIUSEPPE MOSCARINI, Yale University, and FRANCIS VELLA, Georgetown University--Occupational Mobility and the Business Cycle

Discussants: FABIEN POSTEL-VINAY, University of Bristol

GUEORGUI KAMBOUROV, University of Toronto

Jan. 4, 8:00 am

AEA

Taxes and Factor Mobility

Presiding: ALICIA MENENDEZ, University of Chicago

PAUL BEAUDRY, University of British Columbia, CHARLES BLACKORBY, University of Warwick, and DEZSOE SZALAY, University of Warwick--Taxes and Employment Subsidies in Optimal Redistribution Programs

ROBERT CHIRINKO, University of Illinois-Chicago, and DANIEL WILSON, Federal Reserve Bank of San Francisco--Tax Competition and Factor Mobility: Evidence from the 50 U.S. States

MARCELLO ESTEVAO, International Monetary Fund--Institutions, Informality, and Wage Flexibility

DONALD ROBBINS, University of Antioquia, and DANIEL SALINAS, Dison Ruiz--The Impact of Payroll Taxes upon Employment, Wages, the Unemployment Rate and Informality: Theory and Simulations for Colombia

Discussants: JAMES HINES, University of Michigan

DAVID WILDASIN, University of Kentucky

Jan. 4, 8:00 am

AEA

Marriage and Motherhood in Developing Countries

Presiding: NANCY QIAN, Brown University

JORGE AGUERO and MINDY MARKS, University of California-Riverside--Motherhood and Female Labor Force Participation: Evidence from Infertility Shocks

MANISHA SHAH and RAJ ARUNACHALAM, University of Melbourne--Prostitutes and Brides

ADRIANA COMACHO, University de los Andes--Low Birth Weight and Pre-Term Babies: An Indirect Effect of Terrorist Attacks in Columbia

RAJEEV DEHEJIA, Tufts University and NBER, KATHLEEN BEEGLE, World Bank, and ROBERTA GATTI, World Bank and CPER--Bride Price and Child Labor: A Higher Price for Girls Who Work More?

Discussants: MARCUS RANGEL, University of Chicago

MICHELE TERTILT, Stanford University

ADRIANA LLERAS-MUNEY, Princeton University

ERIC EDMONDS, Dartmouth College

Jan. 4, 8:00 am

AEA

Assessment of Economics in U.S. High Schools and Undergraduate Programs

Presiding: WENDY A. STOCK, Montana State University

WILLIAM WALSTAD, University of Nebraska-Lincoln, and STEPHEN BUCKLES, Vanderbilt University--Major Findings from the First National Assessment of Educational Progress (NAEP) in Economics

WILLIAM WALSTAD, University of Nebraska-Lincoln, and KENNETH REBECK, St. Cloud State University--A New Edition and National Norming Data for the Test of Understanding in College Economics (TUCE)

GEORG SCHAUR, University of Tennessee-Knoxville, and WILLIAM BECKER, Indiana University--Assessment Practices and Trends in Undergraduate Economics Courses

Discussants: ALAN KRUEGER, Princeton University

WENDY A. STOCK, Montana State University

TISHA L. N. EMERSON, Baylor University

Jan. 4, 8:00 am

AFA

Private Security Issuance and the Going Private Decision

Presiding: HEITOR ALMEIDA, New York University

MATTHEW T. BILLETT, University of Iowa, MARK J. FLANNERY, University of Florida, and JON A. GARFINKEL, University of Iowa--Long-Run Underperformance Following External Finance Issues?

GORDON M. PHILLIPS, University of Maryland, and ARMANDO R. GOMES, Washington University-St. Louis--Why Do Public Firms Issue Private and Public Securities?

ARNOUD W.A. BOOT, University of Amsterdam, RADHAKRISHNAN GOPALAN, and ANJAN V. THAKOR, Washington University-St. Louis--Market Liquidity, Investor Participation and Managerial Autonomy: Why Do Firms Go Private?

SREEDHAR T. BHARATH and AMY K. DITTMAR, University of Michigan-Ann Arbor--
To Be Or Not to Be (Public)

Discussants: CHARLES HADLOCK, Michigan State University
MICHAEL HERTZEL, Arizona State University
DANIEL FERREIRA, London School of Economics & Political Science
EKKEHART BOEHMER, Texas A&M University

Jan. 4, 8:00 am

AFA

Risks and Risk Compensation in Asset Markets

Presiding: RAVI BANSAL, Duke University

RAVI JAGANNATHAN, Northwestern University, HITOSHI TAKEHARA, University of Tsukuba, and YONG WANG, Hong Kong Polytechnic University--Calendar Cycles, Infrequent Decisions and the Cross Section of Stock Returns

GIL SADKA, Columbia University, RONNIE SADKA, University of Washington, and RAY BALL, University of Chicago--Aggregate Earnings and Asset Prices

HUAFENG (JASON) CHEN, MARCIN T. KACPERCZYK, and HERNAN ORTIZ-MOLINA, University of British Columbia--Labor Unions and Expected Stock Returns

ROBERT D. ARNOTT, JASON C. HSU, Research Affiliates, LLC, JUN LIU, and HARRY MARKOWITZ, University of California-San Diego--Does Noise Create Size and Value Effects?

Discussants: DANA KIKU, University of Pennsylvania
ROBERT DITTMAR, University of Michigan-Ann Arbor
HENGJIE AI, Duke University
AMIR YARON, University of Pennsylvania

Jan. 4, 8:00 am

AFA

Corporate Fraud

Presiding: ANIL SHIVDASANI, University of North Carolina-Chapel Hill

XIAODING LIU and JAY R. RITTER, University of Florida--
Corporate Executive Bribery: an Empirical Analysis

JONATHAN M. KARPOFF, University of Washington, D. SCOTT LEE, and GERALD S. MARTIN, Texas A&M University--The Consequences to Managers for Financial Misrepresentation

JOHN M. BIZJAK, Portland State University, MICHAEL L. LEMMON, University of Utah and RYAN J. WHITBY, Texas Tech University--Option Backdating and Board Interlocks

Discussants: MICHELLE LOWRY, Pennsylvania State University
ADAIR MORSE, University of Chicago
URS PEYER, INSEAD

Jan. 4, 8:00 am

AFA

Bank Capital Requirements and the Business Cycle

Presiding: VIRAL ACHARYA, London Business School

RAFAEL REPULLO and JAVIER SUAREZ, Centro de Estudios Monetarios y Financieros (CEMFI)--The Procyclical Effects of Basel II

DIANA HANCOCK, Federal Reserve Board, JOE PEEK, University of Kentucky, and JAMES A. WILCOX, University of California-Berkeley--The Repercussions on Small Banks and Small Businesses of Procyclical Bank Capital and Countercyclical Loan Guarantees

CHRISTOPHE PERIGNON, HEC Paris, and DANIEL R. SMITH, Simon Fraser University--The Level and Quality of Value-at-Risk Disclosure by Commercial Banks

EBERHARD FEESS, University of Applied Sciences and Technology Aachen (RWTH Aachen), and ULRICH HEGE, HEC Paris--The Basel II Accord: Internal Ratings and Bank Differentiation

Discussants: ANDREW WINTON, University of Minnesota-Twin Cities
PHILIP STRAHAN, Boston College
ANTHONY SAUNDERS, New York University
TANJU YORULMAZER, New York University

Jan. 4, 8:00 am

AFA

Advances in Portfolio Theory

Presiding: JESSICA WACHTER, University of Pennsylvania

JAKSA CVITANIC, California Institute of Technology, LEVON GOUKASIAN, Pepperdine University, and FERNANDO ZAPATERO, University of Southern California--Optimal Risk Taking With Flexible Income

ANDREA BURASCHI, Imperial College London, PAOLO PORCHIA, and FABIO TROJANI, University of St. Gallen--Correlation Risk and Optimal Portfolio Choice

PETER C. SCHOTMAN and FRANK LUTGENS, University of Maastricht--Predictability-Robust Dynamic Portfolio Choice

HONG LIU, Washington University-St. Louis, and MARK LOEWENSTEIN, University of Maryland--Optimal Portfolio Selection with Transaction Costs and 'Event Risk'

Discussants: VICKY HENDERSON, University of Warwick
MICHAEL JOHANNES, Columbia University
ZHENYU WANG, Federal Reserve Banks
FRANCIS LONGSTAFF, University of California-Los Angeles

Jan. 4, 8:00 am

AREUEA

Mortgage Risk Valuation (G1)

Presiding: JAMES R. FOLLAIN, James R. Follain LLC

MAN CHO, KDI School, CHRISTIAN DERITIS, and ERIC ROSENBLATT, Fannie Mae--Appraisal Bias and Loan Performance: New Evidences

JAMES FOLLAIN, James R. Follain LLC, and MIKE SKLARZ, New City Technology LLC--Evaluating Mortgage Performance with Public Records Data: Why, What, and How

RAPHAEL BOSTIC, University of Southern California, KATHLEEN ENGEL, Cleveland State University, PATRICIA MCCOY, University of Connecticut, and ANTHONY PENNINGTON-CROSS, Marquette University--State and Local Anti-Predatory Lending Laws: The Effects of Assignee Liability and Legal Remedies

KERRY D. VANDELL, University of California-Irvine--Subprime Lending and the Housing Bubble: Tail Wags Dog?

Discussants: TYLER YANG, IFE Group
MARK BEARDSELL, Citigroup
KAREN PENCE, Federal Reserve Board
JESSE ABRAHAM, Wells Fargo Home Mortgage

Jan. 4, 8:00 am

AREUEA

Urban Areas (R0)

Presiding: JANET KOHLHASE, University of Houston

MORRIS DAVIS and FRANCOIS ORTALO-MAGNE, University of Wisconsin--Amenities as TFP and the Factor of Four

JOEL A. ELVERY, Bureau of Labor Statistics--City Size and Skill Intensity

YAN CHANG and NELA RICHARDSON, Freddie Mac--Determinants of Equity Extraction

STUART S. ROSENTHAL, Syracuse University, and WILLIAM C. STRANGE, University of Toronto--Female Entrepreneurship, Agglomeration, and a New Spatial Mismatch

Discussants: ELENA SAFIROVA, Resources for the Future
ALBERT SAIZ, University of Pennsylvania
NANCY WALLACE, University of California-Berkeley
JOHN QUIGLEY, University of California-Berkeley

Jan. 4, 8:00 am

AREUEA

Commercial Real Estate Finance (G2)

Presiding: TIMOTHY J. RIDDIOUGH, University of Wisconsin-Madison

ANTHONY SANDERS, Ohio State University, YONGHENG DENG, University of Southern California, and STUART GABRIEL, University of California-Los Angeles--Commercial Real Estate CDOs and the Pricing of CMBS

DANNY BEN-SHAHAR, Technion - Israel Institute of Technology, EYAL SULGANIK, and EFRAT TOLKOWSKY, Tel Aviv University--Recourse and Non-recourse Mortgage Loans: A Theoretical Analysis Under Asymmetric Information

JUN CHEN, Property & Portfolio Research, Inc.--What Drives Commercial Mortgage Termination?--A Multi-State Transition Approach

XIAOQING ELEANOR XU, Seton Hall University--What Drives the Return on Commercial Mortgage-Backed Securities?

Discussants: TIMOTHY J. RIDDIOUGH, University of Wisconsin-Madison
ABDULLAH YAVAS, Pennsylvania State University
WILLIAM WHEATON, Massachusetts Institute of Technology
JAMES SHILLING, DePaul University

Jan. 4, 8:00 am

ACES

Understanding Foreign Direct Investment (F2)

Presiding: NAURO CAMPOS, Brunel University, UK

BRUNO MERLEVEDE and KOEN SCHOORS, Ghent University, Belgium--FDI and the Consequences: Towards More Complete Capture of Spillover Effects

CHRISTIAN ARNDT and ANSELM MATTES, Institute for Applied Economic Research, Germany--The Impact of Inward FDI and Foreign Ownership on Performance of German Multinational Firms

NAURO F. CAMPOS and YUKO KINOSHITA, International Monetary Fund--Foreign Direct Investment, Institutional Dynamics and Structural Reforms

YURIY GORODNICHENKO, JAN SVEJNAR, and KATHERINE TERRELL, University of Michigan--FDI Spillovers and Innovation

Discussants: KOEN SCHOORS, Ghent University, Belgium

NAURO CAMPOS, Brunel University, UK

Jan. 4, 8:00 am

AFEE

Institutional Evolution and Change (B5)

Presiding: KLAUS NIELSEN, Roskilde University and Birkbeck College, University of London

JOHN F. HENRY, University of Missouri-Kansas City--Hobbes, Seabright and our Ancestors: Institutionalist Theory and the Writing of Pre-History

WILLIAM H. REDMOND, Indiana State University--Formal Institutions in Historical Perspective

ANNE MAYHEW, University of Tennessee--Idle Curiosity and Play: Veblen and Evolutionary Biology

WILLIAM GANLEY, Buffalo State College--Is Institutional Economics an Evolutionary Science?

ANNA KLIMINA, St. Thomas Moore College, University of Saskatchewan--The Veblenian Concept of Habit and Its Manifestation in the Model of Ingrained Equilibrium: The Case of Oligarchic Transition

Discussant: DAVID DEQUECH, University of Campinas

Jan. 4, 8:00 am

AERE

Extensions and New Applications of the Hotelling Model (Q3)

Presiding: JANIE CHERMAK, University of New Mexico

ROBERT H. PATRICK, Rutgers University, and JANIE M. CHERMAK, University of New Mexico--Irreconcilable Differences: Tests of the Theory of Exhaustible Resources

MICHAEL R. CAPUTO, University of Central Florida--A Nearly Complete Test of a Vertically Integrated, Capital Accumulating, Nonrenewable Resource Extracting Model of the Competitive Firm

UJJAYANT CHAKRAVORTY, University of Central Florida and University of Toulouse, MICHEL MOREAUX, University of Toulouse, and MABEL TIDBALL, University of Montpellier--Ordering the Extraction of Polluting Nonrenewable Resources

PETER HARTLEY and KENNETH B. MEDLOCK III, Rice University--A Model of the Operation and Development of a National Oil Company

Discussants: PETER BERCK, University of California-Berkeley

SCOTT FARROW, University of Maryland-Baltimore County

STEPHEN HOLLAND, University of North Carolina-Greensboro

DENISE YOUNG, University of Alberta

Jan. 4, 8:00 am

Behavioral Choice Theory (D0)

Presiding: JAWWAD NOOR, Boston University

LARRY G. EPSTEIN, University of Rochester--Living with Risk

KAREEN ROZEN, Yale University--Foundations of Intrinsic Habit Formation

SIMON GRANT, Rice University, and BEN POLAK, Yale University--Absolute Ambiguity Aversion and Mean-Dispersion Preferences

JAWWAD NOOR, Boston University--Hyperbolic Discounting and the Standard Model

Jan. 4, 8:00 am

Contracts and Communication (D8)

Presiding: SHAN ZHAO, GREMAQ

DAVID RAHMAN, Universidad Carlos III de Madrid, and ICHIRO OBARA, University of California-Los Angeles--Secret Contracts for Efficient Partnerships

JIAYIN SUN, Boston University--Disclosing Multiple Product Attributes

WIOLETTA DZIUDA, Northwestern University--Strategic Argumentation

SHAN ZHAO, GREMAQ and University of Toulouse--Policy Persistence in Repeated Common Agency Game

Jan. 4, 8:00 am

Organizations and Compensation (J3)

Presiding: DEREK NEAL, University of Chicago

LUIS GARICANO, University of Chicago, and THOMAS N. HUBBARD, Northwestern University--Hierarchies and Earnings Inequality Among U.S. Lawyers, 1977-92

MARKO TERVIÖ, University of California-Berkeley--Difference That CEOs Make: An Assignment Model Approach

ANTONIO FALATO, Federal Reserve Board--Superstars or Superlemons? Top Executive Pay and Corporate Acquisitions

ALEX EDMANS, University of Pennsylvania, XAVIER GABAIX, New York University and NBER, and AUGUSTIN LANDIER, New York University--A Calibratable Model of Optimal CEO Incentives in Market Equilibrium

Discussants: MARIO MACIS, University of Michigan

DEREK NEAL, University of Chicago

Jan. 4, 8:00 am

Political Economy (P1)

Presiding: NICOLAS SAHUGUET, HEC Montreal

SANTIAGO OLIVEROS, University of California-Berkeley--Who Abstains in Equilibrium?

ARIANNA DEGAN, UQAM, and ANTONIO MERLO, University of Pennsylvania--Do Voters Vote Sincerely?

ORIOL CARBONELL-NICOLAU, Rutgers University--A Positive Theory of Income Taxation

NICOLAS SAHUGUET, HEC Montréal, and BENOIT CRUTZEN, Erasmus University, Rotterdam--Redistributive Politics with Distortionary Taxation

Jan. 4, 8:00 am

Developments in Econometrics (C1)

Presiding: VICTOR CHERNOZHUKOV, Massachusetts Institute of Technology

VADIM MARMER and ARTYOM SHNEYEROV, University of British Columbia--Quantile-Based Nonparametric Inference for First-Price Auctions

SOKBAE LEE, University of College London, OLIVER LINTON, London School of Economics, and YOON-JAE WHANG, Seoul National University--Testing For Stochastic Monotonicity

SHINICHI SAKATA, University of British Columbia--Testing Parameter Constancy Across Many Groups

STANISLAV ANATOLYEV, New Economic School--Inference In Linear Regression Models With Many Regressors

Jan. 4, 8:00 am

Public Finance (H2)

Presiding: CHE-LIN SU, Northwestern University

BEEN-LON CHEN, Academia Sinica, HUNG-JU CHEN, National Taiwan University, and PING WANG, Washington University- St. Louis and NBER--Public Policy and Human Capital Accumulation in an Endogenously Growing Economy with Labor-Market Frictions

FELIX BIERBRAUER, MPI Bonn, Germany, and MARCO SAHM, LMU Munich--Germany Informative Voting and the Samuelson Rule

CATARINA REIS, Massachusetts Institute of Technology--The Role of Social Preferences for Optimal Taxation without Commitment

KENNETH JUDD, Hoover Institution, and CHE-LIN SU, Northwestern University--Optimal Income Taxation with Multidimensional Taxpayer Types

Jan. 4, 8:00 am

Empirical Models of Labor, Marriage and Insurance Markets (J0)

Presiding: MICHAEL KEANE, University of Technology Sydney

MICHAEL KEANE, University of Technology Sydney, and MATTHEW JOHNSON, CRA International--A Dynamic Equilibrium Model of the U.S. Wage Structure, 1968-1996

PETER ARCIDIACONO, ANDREW BEAUCHAMP, and MARJORIE MCELROY, Duke University--Competing for the Opposite Sex: An Equilibrium Model of Sex and Dating

THOMAS G. KOCH, University of Texas-Austin--Bankruptcy, Medical Insurance and a Law with Unintended Consequences

JUAN PANTANO, University of California-Los Angeles--On Scarlet Letters and Clean Slates: Criminal Records Policy in a Dynamic Model of Human Capital Accumulation and Criminal Behavior

Jan. 4, 8:00 am

ESA

Social Comparison (D0)

Presiding: YAN CHEN, University of Michigan

CATHERINE ECKEL, University of Texas-Dallas, ENRIQUE FATAS, University of Valencia, and RICK WILSON, Rice University--Status in Networks

ERIN KRUPKA, Institute for the Study of Labor (IZA), and ROBERTO WEBER, Carnegie Mellon University--The Focusing and Observational Effects of Norms

JOHN DUFF and TATIANA KORNIENKO, University of Edinburgh-- Does Competition Affect Giving?

YAN CHEN, University of Michigan, MAX HARPER, JOSEF KONSTAN, University of Minnesota, and SHERRY XIN LI, University of Texas-Dallas--Social Comparisons and Contributions to Online Communities: A Field Experiment on MovieLens

Discussants: TATIANA KORNIENKO, University of Stirling

SHERRY XIN LI, School of Economics, University of Texas-Dallas

TIM CASON, Purdue University

STEPHAN MEIER, Federal Reserve Bank of Boston

Jan. 4, 8:00 am

LERA

Work-Life Voice: Examining the Relationship Between Different Forms of

Employee Voice and Flexible Working Time Arrangements Across Countries

Presiding: EILEEN APPELBAUM, Rutgers University

PETER BERG, ELLEN KOSSEK, and KAUMUDI MISRA, Michigan State University--The Effect of Individual and Collective Voice on Employee Experiences with Flexible Working Time Policies and Practices

      HARTMUT SEIFERT, Wirtschafts- und Sozialwissenschaftliches Institut (WSI) in der

      Hans-Böckler-Stiftung--Flexible Working Time Patterns in Germany and the Role of Works Councils

ANNA ILSØE, Copenhagen University--Trade-offs on Flexible Working Hours at the Company Level in Denmark, Germany, and the United States

BARBARA POCOCK, University of Southern Australia--Working Time and Workplace Flexibility in Australia: Politics, Policy and Experience

Discussant: NETSY FIRESTEIN, Labor Project for Working Families

Jan. 4, 8:00 am

LERA

Work, Workers, Faith and Values

Presiding: ELLEN DANNIN, Pennsylvania State University

JILL KRIESKY, Institute Wheeling Jesuit University--Big Coal: Faith and Labor Collaboration in the Appalachians

RABBI JILL JACOBS, Jewish Funds for Justice --Poverty and Workers' Rights Through a Jewish Lens

ALISON M. SULENTIC, Bakers Botts LLC--Do Not Cast Me Aside in My Old Age: Supporting Employees Who Care for Aging Parents

JOSE OLIVA, Interfaith Worker Justice--Faith, Works, and Workers

REVEREND JIM SESSIONS, United Methodist Church--Laboring for Worker Justice

Jan. 4, 8:00 am

LERA

Refereed Papers -- Labor Education/Labor Markets

Presiding: ROBERT THORNTON, Lehigh University

KELLY WILLIAMS-WHITT, University of Lethbridge--Disability at Work and the Performance Paradox

PETER PHILLIPS, University of Utah--The NBA in Black and White: Changing Fan Reaction to the Presence of Blacks in Professional Basketball 1951-1997

COLETTE FRIEDRICH and ROBERTO HERNANDEZ, Massachusetts Institute of Technology--Job Queues: Gender and Race at the Application Interface

JOHN F. BURTON, JR. and STEVE GUO, Rutgers University--The Relationship Between Workers' Compensation and Disability Insurance

JI-YOUNG AHN, University of Illinois-Urbana-Champaign--Does Stock-Based Pay Mitigate Destructive Competition Among Top Executives?

Jan. 4, 8:00 am

NAEE/NCEE

Economics Education: Assessment of Student Learning and Performance (A2)

Presiding: PAUL W. GRIMES, Mississippi State University

FEKRU DEBEBE, Educational Testing Service, ELLEN SEWELL, University of North Carolina-Charlotte, and ARTHUR RAYMOND, Muhlenberg College--Comparing the Performance of College and High School Students on the Advanced Placement Exams

WILLIAM BOSSHARDT, Florida Atlantic University, and NEELA MANAGE, Florida Atlantic University--A Matching Estimation of the Causal Effects on Student Performance in Introductory Economics Courses

KIMMARIE MCGOLDRICK, University of Richmond, and STEPHEN A. GREENLAW, University of Mary Washington--Practicing What We Preach: Undergraduate Research Experiences in Economics

MARTIN MILKMAN, Murray State University--AACSB Assessment and a Managerial Economics Group Project

Discussants: HELEN ROBERTS, University of Illinois-Chicago

SHERYL BALL, Virginia Polytechnic Institute & State University

LESTER HADSELL, State University of New York-Oneonta

AVI COHEN, York University

Jan. 4, 8:00 am

NEA

African Development and African Immigration (O1)

Presiding: ROMIE TRIBBLE, Spelman College

JULIET ELU, Spelman College--Private Foreign Direct Investment in ACP Countries: The Impact of Migrant Remittance on Economic Growth and Development

LEONIDAS MUREMBYA, Michigan Bureau of Labor Market Information and Strategic Initiatives--How are Children of Immigrants Faring in the U.S. Job Market?"

WARREN C. WHATLEY, University of Michigan--West Africa in the Emerging Atlantic Economy, 1450-1850

JULIET ELU, Spelman College--Economic Analysis of Terrorism: Rational Choice and Utility Maximization of Terrorist Behavior in Africa and South Asia

BROOKS ROBINSON, Black Economics.org--Coming to Africa

Discussants: KWABENA GYIMAH-BREMPONG, University of South Florida

WILLIAM A. DARITY, JR., University of North Carolina

MWANGI WA GITHINJI, University of Massachusetts

ELIZABETH ASIEDU, University of Kansas

PATRICK MASON, Florida State University

Jan. 4, 8:00 am

NAEFA

Corporate Sector Volatility and Its Relation to Macroeconomic Risks (G1)

Presiding: ROBERT BLISS, Wake Forest University

SEAN CAMPBELL, Federal Reserve Board--Stock Market Volatility and the Great Moderation

GUSTAVO SUAREZ, Federal Reserve Board--Firm Volatility & Banks: Evidence from U.S. Banking Deregulation

JESPER LINDE, TOR JACOBSON, Sveriges Riksbank, RIKARD NILSSON, Svenska Handelsbanken, and KASPER ROSZBACH, Sveriges Riksbank--Default and Aggregate Fluctuations

LUIS SAN VINCENTE PORTES, Montclair State University--On Balance Sheets, Idiosyncratic Risk and Aggregate Volatility: Is Firm Volatility Good for the Economy?

Discussants: ROBERT BLISS, Wake Forest University

ROCCO HUANG, European Central Bank

DRAGON TANG, Kennesaw State University

JAMES WESTON, Rice University

Jan. 4, 8:00 am

PSSI

War and Political Instability (D7)

Presiding: MICHAEL INTRILIGATOR, University of California-Los Angeles

EDWARD L. GLAESER, Harvard University--The Political Economy of Warfare

CARLOS SEIGLIE, Rutgers University--Globalization and War

GREGORY D. HESS, Claremont McKenna College--The Welfare Costs of Conflict

SOLOMON POLACHEK, State University of New York-Binghamton, and DARIA SEVASTIANOVA, University of Southern Indiana--Evidence On the Extent Sociopolitical Instability Decreases A Nation's Economic Performance

Discussants: MICHAEL INTRILIGATOR, University of California-Los Angeles

LUIS LOCAY, University of Miami

Jan. 4, 8:00 am

SGE

Reevaluating Old Issues with Novel Data Sets

Presiding: GREGORY KURTZON, U.S. Bureau of Labor Statistics

TRICIA GLADDEN, U.S. Bureau of Labor Statistics--Re-examining the Impact of the Computer Age on the U.S. Labor Market

GREGORY KURTZON, U.S. Bureau of Labor Statistics--Do the Poor Pay More Store-by-Store?

MARC FUSARO, East Carolina University--Bank Markets Concentration: Don't Forget about Credit Unions

Discussants: PETER MEYER, U.S. Bureau of Labor Statistics

BRADLEY HEIM, U.S. Department of the Treasury

TRICIA GLADDEN, U.S. Bureau of Labor Statistics

MARC FUSARO, East Carolina University

Jan. 4, 8:00 am

URPE

Recent Research on Economic Inequality in the Third World (O1)

Presiding: MELISSA MAHONEY, New School for Social Research and Levy Economics Institute of Bard College

MERRILEE MARDON, Connecticut College--Land Rights, Lone Mothers and the Educational Attainment of Adolescents in Brazil's Agrarian Reform?

TOM MASTERSON, Levy Economics Institute of Bard College--Female Land Rights and Household Consumption in Paraguay, 2001

VAMSI VAKULABHARANAM, Queens College, City University of New York, and AJIT ZACHARIAS, Levy Economics Institute of Bard College--Economic Reforms, Caste and Economic Inequality in India, 1991-2004

BOB REINAUER, University of Massachusetts-Amherst--A Living Wage in Guatemala: An Estimate Using LSMS Data

Discussants: STEPHANIE SEGUINO, University of Vermont

ARJUN JAYADEV, University of Massachusetts-Boston

Jan. 4, 8:00 am

URPE/IAFFE

Gender Bending: Expanding Feminist Political Economy (J1)

Presiding: ELLEN MUTARI, Richard Stockton College of New Jersey

ELISSA BRAUNSTEIN, Colorado State University, CAREN GROWN, Levy Institute, and DIANE ELSON, University of Essex--Gender and Corporate Taxation in the U.S.: An Analysis of Trends 1970-2005

MICHAEL BRUN, Illinois State University, and MARIANNE A. FERBER, University of Illinois-Ubana Champaign--How Do Women-Friendly Policies Affect Men?

PADDY QUICK, St. Frances College--Unpaid, Reproductive, Caring Labor? The Production of Labor Power? The Theoretical Implications of Terms Used to Describe Women's Work

JANE E. MILLER, and YANA VAN DER MEULEN RODGERS, Rutgers University--"Significance" versus "Importance": Substantive and Statistical Considerations in Empirical Research

Discussants: DRUCILLA BARKER, University of South Carolina

ELLEN MUTARI, Richard Stockton College of New Jersey

Jan. 4, 10:15 am

AFEA

Development Policy in Africa (O5)

Presiding: PAUL COLLIER, Oxford University, United Kingdom

MINA BALIAMOUNE-LUTZ, University of North Florida, and LEONCE NDIKUMANA, University of Massachusetts-Amherst and ANECA, Addis Ababa--Export Diversification and Growth: The Case of African Economies

YAW NYARKO, New York University--Economic Development as Problem Solving

EDWARD GHARTEY, University of West Indies--Tax, Spend and Causality in Ghana: 1965-2004

R. CHARLES SEBUHARARA, State University of New York-Binghamton--Liberalization and Financial Development: Some Evidence from Africa

ALBERT OKUNADE, University of Memphis--Specific Health Sector Inputs and African Development: The Case of Health, Human Capital and Pharmaceuticals

Discussants: MWANGI WA GITHINJI, University of Massachusetts-Amherst

MESFIN BEZUNEH, Clark Atlanta University

ELIZABETH ASIEDU, University of Kansas

DANIEL GBETNKOM, University of Yaunde II and UNECA

JULIET ELU, Spelman College

Jan. 4, 10:15 am

AAEA

Biofuels -- Long-Run Implications for Food Security and the Environment (Q4)

Presiding: PRABHU L. PINGALI, United Nations, Food and Agriculture Organization

SIWA MSANGI and MARK W. ROSEGRANT, International Food Policy Research Institute--Biofuel Production and World Agriculture -- Prospects to 2020

PRABHU L. PINGALI, TERRI RANEY, and KEITH WIEBE, United Nations, Food and Agriculture Organization--Biofuels and Food Security -- Conflict or Complement?

GERALD C. NELSON, University of Illinois-Urbana-Champaign--Biofuels and the Environment -- Green Gold or Green Wash?

Discussant: BRUCE MCCARL, Texas A&M University

Jan. 4, 10:15 am

AEA

Design and Reform of Institutions in LDCs and Transition Economies (This session is

dedicated to the memory of John McMillan (1951-2007), who was to have been an author in the session.)

Presiding: AVINASH DIXIT, Princeton University

WILLIAM EASTERLY, New York University--Institutions: Top Down or Bottom Up?

DANI RODRIK, Harvard University--Heterodox Reform

AVNER GREIF, Stanford University, and YADIRA GONZALEZ DE LARA, Stanford University and University of Alicante--Self-enforcing Constitutions and Economic Prosperity: Lessons from History

Discussant: KARLA HOFF, World Bank

Jan. 4, 10:15 am

AEA

Expertise and Macroeconomic Policy

Presiding: DONALD L. KOHN, Federal Reserve Board

TIMOTHY BESLEY, London School of Economics--Insiders versus Outsiders in Monetary Policy-Making

ALAN BLINDER, Princeton University, and JOHN MORGAN, University of California-Berkeley--Does Leadership Produce Better Monetary Policy? An Experimental Study

CHRISTINA D. ROMER and DAVID H. ROMER, University of California-Berkeley--Expertise and Monetary Policy: The FOMC versus the Staff

Discussants: DONALD L. KOHN, Federal Reserve Board

JUSTIN WOLFERS, University of Pennsylvania

VINCENT REINHART, American Enterprise Institute

Jan. 4, 10:15 am

AEA

Toward the Microtheory of Entrepreneurship (L2)

Presiding: WILLIAM BAUMOL, New York University

DANIEL SPULBER, Northwestern University--Entrepreneurs in the Theory of the Firm

DAVID AUDRETSCH, Indiana University and Max Planck Institute--The Knowledge Spillover Theory of Entrepreneurship

VINCY FON, George Washington University and National Science Foundation, and

YING LOWREY, U.S. Small Business Administration and George Washington University--A Microeconomic Approach to the Entrepreneur

WILLIAM BAUMOL, New York University--The Price Theory of Entrepreneurship

Discussants: ROBERT STROM, Ewing Marion Kauffman Foundation

RAJSHREE AGARWAL, University of Illinois

JOSHUA LERNER, Harvard University

JIAWEN YANG, George Washington University

Jan. 4, 10:15 am

AEA

Rare Disasters and Asset Markets (G1)

Presiding: JOHN CAMPBELL, Harvard University

ROBERT BARRO and JOSE URSUA, Harvard University--Consumption Disasters in the 20th Century

XAVIER GABAIX, New York University--A Unified Explanation for the Major Asset-Pricing Puzzles

FRANCOIS GOURIO, Boston University--Rare-Disaster Explanations of the Equity-Premium Puzzle

IAN MARTIN, Harvard University--Consumption-Based Asset Pricing with Higher Cumulants

Discussant: JOHN CAMPBELL, Harvard University

Jan. 4, 10:15 am

AEA

Economics of Traffic Safety: Children, Teenagers and the Elderly (R4)

Presiding: STEVE LEVITT, University of Chicago

STEVE LEVITT, University of Chicago, and JOSEPH DOYLE, Massachusetts Institute of Technology--Evaluating the Effectiveness of Child Safety Seats and Seat Belts in Protecting Children from Injury

PINAR KARACA-MANDIC and GREG RIDGEWAY, RAND--Graduated Driver Licensing: Lower Risk Exposure or Better Driving?

THOMAS DEE, Swarthmore College--Born to be Mild: The Effectiveness of Motorcyclce Helmets in Preventing Injuries

DAVID LOUGHRAN and SETH SEABURY, RAND--The Relative Riskiness of Older Drivers

Discussants: JOHN J. DONOHUE, Yale University

RAJEEV DEHEJIA, Tufts University

LIRAN EINAV, Stanford University

ANINDYA SEN, University of Waterloo

Jan. 4, 10:15 am

AEA

Convergence in Macroeconomics? (E0)

Presiding: OLIVIER BLANCHARD, Massachusetts Institute of Technology

RICARDO CABALLERO, Massachusetts Institute of Technology --Convergence in Macroeconomics?

PATRICK KEHOE, University of Minnesota--Convergence in Macroeconomics?

ROBERT SHIMER, University of Chicago--Convergence in Macroeconomics?

MICHAEL WOODFORD, Columbia University--Convergence in Macroeconomics?

Discussants: To be announced.

Jan. 4, 10:15 am

AEA

Learning from Your Colleagues? Theory and Evidence (O3)

Presiding: EDWARD GLAESER, Harvard University

HAN KIM, ADAIR MORSE, University of Michigan, and LUIGI ZINGALES, University of Chicago--Are Elite Universities Losing Their Competitive Edge?

PIERRE AZOULAY, Massachusetts Institute of Technology, JOSHUA ZIVIN, Columbia University, and JIALAN WANG, Massachusetts Institute of Technology--Superstar Extinction: The Effect of Coauthor Death on Research Productivity in the Academic Life Sciences

BRUCE WEINBERG, Ohio State University--Geography and Innovation: Evidence from Nobel Laureate Scientists

ETTORE DAMIANO, HAO LI, University of Toronto, and WING SUEN, University of Hong Kong--First in Village or Second in Rome

Discussants: ANTONIO CICCONE, University of Pompeu Fabra

BRONWYN HALL, University of California-Berkeley and Maastricht University

DANIEL HAMERMESH, University of Texas

LUIS GARICANO, University of Chicago

Jan. 4, 10:15 am

AEA

Globalization and International Labor Mobility (F2)

Presiding: JOHN MCLAREN, University of Virginia

MICHAEL KREMER, Harvard University, Brookings Institution, Center for Global Development, and NBER, and STANLEY WATT, International Monetary Fund--The Globalization of Household Production

SANJAY JAIN, University of Virginia, and SHARUN MUKAND, Tufts University--Workers Without Borders? Culture, Migration and the Political Limits to Globalization

GORDON HANSON, University of California-San Diego and NBER--International Migration Policy

GIOVANNI FACCHINI, University of Illinois-Urbana Champaign, Universita' degli Studi di Milano and CEPR, and ANNA MARIA MAYDA, Georgetown University, CEPR and IZA--Endogenous Migration Policy Through Majority Voting: An Empirical Investigation

Discussants: DALIA MARIN, University of Munich

GERALD WILLMANN, University of Kiel and University of Otago

DEAN YANG, University of Michigan

GIOVANNI PERI, University of California-Davis

Jan. 4, 10:15 am

AEA

Charitable Contributions--Theory and Experimental Evidence (H4)

Presiding: JOHN LIST, University of Chicago

LISE VESTERLUND, University of Pittsburgh, MARK WILHELM, Indiana University Purdue University-Indianapolis, and HUAN XIE, University of Pittsburgh--An Experimental Test of the Impure Altruism Model of Giving

RACHEL CROSON, University of Texas-Dallas, FEMIDA HANDY, University of Pennsylvania, and JEN SHANG, Indiana University--Keeping Up with the Joneses: The Relationship between Norms, Social Information and Subsequent Charitable Giving

WILLIAM HARBAUGH, ULRICH MAYR,University of Oregon, and DAN BURGHART, New York University--Neural Responses to Taxation and Voluntary Giving Reveal Motives for Charitable Donations

ANDREAS LANGE and ANDREW STOCKING, University of Maryland--On the Dynamics of Charitable Fundraising

Discussants: STEPHAN MEIER, Federal Reserve Bank of Boston

CATHERINE ECKEL, University of Texas-Dallas

Jan. 4, 10:15 am

AEA

Inferring Labor Income Risk from Economic Choices: New Developments (D9)

Presiding: JAMES HECKMAN, University of Chicago

SALVADOR NAVARRO, University of Wisconsin-Madison--A Reconsideration of the Importance of Borrowing Constraints, Uncertainty and Preferences in College Attendance Decisions: Using Observed Choices to Infer Agent's Information

FATIH GUVENEN, University of Texas-Austin, and ANTHONY SMITH, Yale University--Inferring Labor Income Risk from Economic Choices: An Indirect Inference Approach

RICHARD BLUNDELL, University College London, HAMISH LOW, University of Cambridge, and IAN PRESTON, University College London--Decomposing Income Risk Using Consumption and Income Data

Discussants: GIANLUCA VIOLANTE, New York University

ROBERT MOFFITT, Johns Hopkins University

Jan. 4, 10:15 am

AEA

Salience and Taxation (H2)

Presiding: AMY FINKELSTEIN, Massachusetts Institute of Technology

RAJ CHETTY, University of California-Berkeley, ADAM LOONEY, Federal Reserve Board, and KORY KROFT, University of California-Berkeley--Salience and Taxation: Theory and Evidence

AMY FINKELSTEIN, Massachusetts Institute of Technology--E-Z Tax: Tax Salience and Tax Rates

JEFFREY LIEBMAN and RICHARD ZECKHAUSER, Harvard University--Schmeduling

Discussants: DOUGLAS BERNHEIM, Princeton University

PAUL OYER, Stanford University

PETER KATUSCAK, CERGE

Jan. 4, 10:15 am

AEA

Globalization and Its Impact on Workers (J2)

Presiding: STEVEN DAVIS, University of Chicago and American Enterprise Institute

KEVIN HASSETT and APARNA MATHUR, American Enterprise Institute--Taxes and Wages

STEVEN DAVIS, University of Chicago and American Enterprise Institute--What Happened to Employment Stability in America?

J. BRADFORD JENSEN, Peterson Institute, and LORI G. KLETZER, University of California-Santa Cruz--Measuring the Scale and Scope of Services Trade

RICHARD FREEMAN, Harvard University--Are Globalization and Labor Standards Antipodes?

Discussants: STEVEN DAVIS, University of Chicago and American Enterprise Institute

APARNA MATHUR, American Enterprise Institute

RICHARD FREEMAN, Harvard University

LORI KLETZER, University of California-Santa Cruz

Jan. 4, 10:15 am

AEA

Matching Markets (C7)

Presiding: LONES SMITH, University of Michigan

FEDERICO ECHENIQUE, Caltech--What Matchings Can Be Stable? The Testable Implications of Matching Theory.

ROBIN LEE, Harvard University, and MICHAEL SCHWARZ, Yahoo! Research--Interviewing and Dating in Two-Sided Matching Markets

ARCHISHMAN CHAKRABORTY, Baruch College, City University of New York, and ALESSANDRO CITANNA, HEC Paris, and MICHAEL OSTROVSKY, Stanford University--Two-Sided Matching with Interdependent Values

LONES SMITH, University of Michigan--Contagious Matching Games

Discussants: JEREMY FOX, University of Chicago

LONES SMITH, University of Michigan

EMIR KAMENICA, University of Chicago

PARAG PATHAK, Harvard University

Jan. 4, 10:15 am

AEA

New Models of International Business Cycles

Presiding: PAOLO PESENTI, Federal Reserve Bank of New York

SOYOUNG KIM, Korea University, and JAEWOO LEE, International Monetary Fund--A New Open-Macro Interpretation of International Fluctuations

LAURA VELDKAMP, New York University--Trade, Learning and Business Cycle Synchronization

ANDREA FERRERO, Federal Reserve Bank of New York--The Long Run Determinants of the U.S. Trade Deficit

Discussant: DAVID BACKUS, New York University

POL ANTRAS, Harvard University

CEDRIC TILLE, Graduate Institute for International Studies, Geneva

Jan. 4, 10:15 am

AEA

Micro-evidence of Corruption in Emerging Economies

Presiding: FRED FINNAN, University of California-Los Angeles

PENG SUN and YI ZHANG, Peking University--Is There Penalty For Crime? Corporate Scandal and Management Turnover in China

FREDERICO FINAN, University of California-Los Angeles, and CLAUDIO FERRAZ, IPEA--Exposing Corrupt Politicians: The Effects of Brazil's Publicly Released Audits on Electoral Outcomes

FENG LU, Northwestern University--Profiting from Gaizhi: Management Buyouts during China's Privatization

PEDRO VICENTE, University of Oxford--Is Vote Buying Effective? Evidence from a Randomized Experiment in West Africa

Discussants: SHAWN COLE, Harvard Business School

ATIF MIAN, University of Chicago

ASIM KHWAJA, Harvard University

RITA RAMALHO, World Bank

Jan. 4, 10:15 am

AEA

Technological Change, Education Returns, and Earnings Inequality: The Experience of Growing Asian Economies (J3)

Presiding: JIN HWA JUNG, Seoul National University

LIU XUEJUN, Beijing Normal University, ALBERT PARK, Oxford University, and YAOHUI ZHAO, Peking University--Explaining Rising Returns to Education in Urban China

DAIJI KAWAGUCHI, Hitotsubashi University--Declining Return to Education in Japan: 1982-2002

JIN HWA JUNG, Seoul National University, and KANG-SHIK CHOI, Yonsei University--Technological Change and Returns to Education: Implications for the S&E Labor

Market

TAO LI, Shanghai Uniiversity of Fnance and Economics--Why Chinese College Graduates Can't Find Jobs When Its Economy Soars?

Discussants: DAVID LEE, Princeton University

JAY MIN LEE, Yonsei University

TAO LI, Shanghai University of Finance and Economics

ALBERT PARK, OxfordUniversity

Jan. 4, 10:15 am

AEA

Reform: For Better or for Worse?

Presiding: GENE GROSSMAN, Princeton University

GENE GROSSMAN, Princeton University, and EDWIN LAI, Singapore Management University--Parallel Imports and Price Controls

NAERCIO MENEZES, IBMEC Sao Paulo, and MARC-ANDREAS MUENDLER, University of California-San Diego--Labor Reallocation in Response to Trade Reform

IVAN KANDILOV, North Carolina State University--Trade and Wages Revisited: The Effect of China's MFN Status on the Skill Premium in U.S. Manufacturing

BENJAMIN LIEBMAN, Saint Joseph's University, and KASAUNDRA TOMLIN, Oakland University--Reward and Punishment under the Byrd Amendment

Discussants: KEITH MASKUS, University of Colorado

PENNY GOLDBERG, Princeton University

Jan. 4, 10:15 am

AEA

Political Economy in Developing Countries: Evidence from India

Presiding: PADMA DESAI, Columbia University

RAJASHRI CHAKRABARTI, Federal Reserve Bank of New York, and JOYDEEP ROY, Georgetown University and Economic Policy Institute--Gains from a Redrawing of Political Boundaries: Evidence from State Reorganization in India

NANDINI KRISHNAN, Boston University--Political Reservations and Rural Public Good Provision

SUJATA VISARIA, Boston University, ERICA FIELD, and ROHINI PANDE, Harvard University--Residential Segregation and Religious Violence: Consequences for Long-Term Socio-economic Outcomes in Ahmedabad, India

LAKSHMI IYER, Harvard Business School, and ANANDI MANI, Boston University--

Traveling Agents: Political Change and Bureaucratic Turnover in India

Discussants: AMRITA DHILLON, University of Warwick

ABIGAIL PAYNE, McMaster University

LORI BEAMAN, University of California-Berkeley

BIJU RAO, World Bank

Jan. 4, 10:15 am

AEA

Research on Undergraduate Economics Courses and Majors

Presiding: MICHAEL WATTS, Purdue University

KENNETH G. ELZINGA, and DANIEL MELAUGH, University of Virginia--30,000 Principles Students: Some Lessons Learned

STEVEN C. MYERS, MICHAEL A. NELSON, and RICHARD W. STRATTON, University of Akron--Weathering the Perfect Storm or Thriving in a New Environment: Assessing a Proficiency-Based Economics Major

LESTER HADSELL, State University of New York-Oneonta--The Economics Classroom without Grades: Promoting a Learning Environment by De-emphasizing Grades

WILLIAM P. O'DEA and DAVID W. RING, State University of New York-Oneonta--The Impact of Aplia on Student Performance in Intermediate Microeconomics Courses

Discussants: DAVID C. COLANDER, Middlebury College

STEPHEN BUCKLES, Vanderbilt University

MARY ELLEN BENEDICT, Bowling Green State University

WILLIAM BOSSHARDT, Florida Atlantic University

Jan. 4, 10:15 am

AEA/CEANA

Globalization, Global Imbalances and China (F3)

Presiding: YIN-WONG CHEUNG, University of California-Santa Cruz

JEFFREY FRANKEL, Harvard University--The Estimation of Weights in Asian Currency Baskets

ROBERTO CHANG, Rutgers University, and LUIS CESPEDES, Banco de Chile--Country Risk, Exchange Rates, and Economic Fluctuations in Emerging Economies

SHANG-JIN WEI, International Monetary Fund--The Domestic Financial System and International Capital Flows

ROBERT FEENSTRA, University of California-Davis, and CHANG HONG, International Monetary Fund--China's Trade and Employment

Discussants: NELSON MARK, University of Notre Dame

ESWAR PRASAD, Cornell University

JOSHUA AIZENMAN, University of California-Santa Cruz

LEONARD CHENG, Hong Kong University of Science and Technology

Jan. 4, 10:15 am

AEA/HERO

Performance Measurement in the Health Care Sector

Presiding: DONALD E. YETT, University of Southern California

MICHAEL CHERNEW and TERESA GIBSON, Harvard University--Cost Sharing and Health System Performance

KATHLEEN J. MULLEN, RICHARD FRANK, and MEREDITH B. ROSENTHAL, Harvard University--Can You Get What You Pay For? Pay-For-Performance and the Quality of Healthcare Providers

BURTON A. WEISBROD, Northwestern University--Performance in Collective-Good Markets for Charity Care, Education, and Research: Do Public, Nonprofit, and For-Profit Hospitals Differ?

Discussants: KEVIN VOLPP, University of Pennsylvania

RACHEL WARNER, University of Pennsylvania

DAVID MELTZER, University of Chicago

Jan. 4, 10:15 am

AEA/NEA

Macroeconomic Factors Impacting Poverty and Income Distribution among

African Americans

Presiding: GARY A. HOOVER, University of Alabama

WILLIAM M. RODGERS III, Rutgers University--The Impact of Monetary Policy on the Duration and Type of Unemployment by Race and Sex

REBECCA M. BLANK, University of Michigan, and DAVID CARD, University of California-Berkeley--Income, Family Structure, and Poverty among African Americans

PHILIP N. JEFFERSON, Swarthmore College--Poverty Volatility and Macroeconomic Quiescence

GARY A. HOOVER, WALTER ENDERS, University of Alabama, and DONALD G. FREEMAN, Sam Houston State University--Non-White Poverty and the Macroeconomy: The Impact of Growth

Discussants: MEL STEPHENS, Carnegie Mellon University

ALAN KRUEGER, Princeton University

HILARY HOYNES, University of California-Davis

WILLIAM SPRIGGS, Howard University

Jan. 4, 10:15 am

AFA

Market Timing and Corporate Finance

Presiding: MALCOLM BAKER, Harvard Business School

DIRK C. JENTER, Stanford University, KATHARINA LEWELLEN, Dartmouth College, and JEROLD B. WARNER, University of Rochester--Security Issue Timing: What Do Managers Know, and When Do They Know It?

STEFANO DELLAVIGNA, University of California-Berkeley, and JOSHUA MATTHEW POLLET , University of Illinois-Urbana-Champaign--Capital Budgeting vs. Market Timing: An Evaluation Using Demographics

AYDOGAN ALTI and JOHAN A. SULAEMAN, University of Texas-Austin--When Do High Stock Returns Trigger Equity Issues?

MICHAEL G. HERTZEL and ZHI LI, Arizona State University--Behavioral and Rational Explanations of Stock Price Performance Around SEOS: Evidence from a Decomposition of Market-to-Book Ratios

Discussants: RYAN TALIAFERRO, Harvard Business School
CHRISTOPHER POLK, London School of Economics & Political Science
JAY RITTER, University of Florida
MATTHEW RHODES-KROPF, Columbia University

Jan. 4, 10:15 am

AFA

Corporate Bankruptcy and Financial Distress

Presiding: ANTONIO BERNARDO, University of California-Los Angeles

VIRAL V. ACHARYA, London Business School, and KRISHNAMURTHY SUBRAMANIAN, Emory University--Bankruptcy Codes and Innovation

EFRAIM BENMELECH, Harvard University, and NITTAI BERGMAN, Massachusetts Institute of Technology--Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines

DOUGLAS G. BAIRD, University of Chicago, ARTURO BRIS, IMD International, and NING ZHU, Yale School of Management--The Dynamics of Large and Small Chapter 11 Cases: an Empirical Study

Discussants: MARK GARMAISE, University of California-Los Angeles
ANDREA EISFELDT, Northwestern University
PER STRÖMBERG, Swedish Institute for Financial Research

Jan. 4, 10:15 am

AFA

Information Flows in Institutional Portfolios

Presiding: MARCIN KACPERCZYK, University of British Columbia

ANDREA FRAZZINI, University of Chicago, CHRISTOPHER J. MALLOY, and LAUREN COHEN, Harvard Business School--The Small World of Investing: Board Connections and Mutual Fund Returns

VICTORIA IVASHINA, Harvard Business School, and ZHENG SUN, New York University--Institutional Investors and Loan Market Information Spillover

SWASTI GUPTA-MUKHERJEE, Georgia Institute of Technology--Informal Information Networks: The Impact on Performance of Mutual Fund Portfolios

Discussants: CLEMENS SIALM, University of Texas-Austin
MURRAY CARLSON, University of British Columbia
AMIT SERU, University of Chicago

Jan. 4, 10:15 am

AFA

Empirical Asset Pricing in the Cross-Section and Time Series

Presiding: ANNETTE VISSING-JORGENSEN, Northwestern University

JOAO F. GOMES, University of Pennsylvania, LEONID KOGAN, Massachusetts Institute of Technology, and MOTOHIRO YOGO, University of Pennsylvania--Durability of Output and Expected Stock Returns

HANNO N. LUSTIG, University of California-Los Angeles, STIJN VAN NIEUWERBURGH, New York University, and ADRIEN VERDELHAN, Boston University--The Wealth-Consumption Ratio: A Litmus Test for Consumption-Based Asset Pricing Models

LORENZO GARLAPPI, University of Texas-Austin, and HONG YAN, University of South Carolina--Financial Distress and the Cross Section of Equity Returns

Discussants: STIJN VAN NIEUWERBURGH, New York University
DANA KIKU, University of Pennsylvania
LU ZHANG, University of Michigan-Ann Arbor

Jan. 4, 10:15 am

AFA

International Stock Markets

Presiding: GEERT BEKAERT, Columbia University

SANJEEV BHOJRAJ and DAVID NG, Cornell University--Country Factors in Firm Valuation Ratios

KEE-HONG BAE, ARZU OZOGUZ, and HONGPING TAN, Queen's University--Do Foreigners Facilitate Information Transmission?

JOHN M. GRIFFIN, University of Texas-Austin, PATRICK J. KELLY, University of South Florida, and FEDERICO NARDARI, Arizona State University--Measuring Short-Term International Stock Market Efficiency

LOUIS JOSEPH GAGNON, Queen's University, GEORGE ANDREW KAROLYI, and KUAN-HUI LEE, Ohio State University--The Dynamic Volume-Return Relationship of Individual Stocks: The International Evidence

Discussants: STEPHAN SIEGEL, University of Washington
KATHY YUAN, University of Michigan-Ann Arbor
RANDALL MORCK, University of Alberta
JOHN GRIFFIN, University of Texas-Austin

Jan. 4, 10:15 am

AFA/AFE

Dividends

Presiding: KOSE JOHN, New York University

BO BECKER, ZORAN IVKOVICH, and SCOTT J. WEISBENNER, University of Illinois-Urbana-Champaign--Local Dividend Clienteles

AMIR RUBIN and DANIEL R. SMITH, Simon Fraser University--Institutional Ownership, Volatility and Dividends

DAVID J. DENIS, NAVEEN D. DANIEL, and LALITHA NAVEEN, Purdue University--Do Firms Manage Earnings to Meet Dividend Thresholds?

GUSTAVO GRULLON, Rice University, and RONI MICHAELY, Cornell University--Corporate Payout Policy and Product Market Competition

Discussants: JEFFREY WURGLER, New York University
YANIV GRINSTEIN, Cornell University
ANZHELA KNYAZEVA, New York University
GORDON PHILLIPS, University of Maryland

Jan. 4, 10:15 am

AREUEA

Housing Market Dynamics (R3)

Presiding: MORRIS DAVIS, University of Wisconsin

STUART GABRIEL, University of California-Los Angeles, CHRISTIAN L. REDFEARN, University of Southern California, and RICHARD K. GREEN, George Washington University--Fundamentals, Financial Innovations, and Constraints: A Taxonomy of Metropolitan House Price Dynamics

ZHENGUO LIN, ANDRE H. GAO, CHIONGLONG KUO, and FANGZHOU CARRIE NA, Fannie Mae--Housing Market Dynamics: Fundamental Price, Overvaluation, Mean Reverting, and Downward Rigidity

NANCY E. WALLACE and DONALD WALLS, University of California-Berkeley--The Dynamics of Job Creation and Destruction over the Size Distribution of Cities

NORMAN MILLER, University of Cincinnati, and LIANG PENG, University of Colorado-Boulder--Time Varying Trading Volume and the Economic Impact of the Housing Market

Discussants: MARCO DEL NEGRO, Federal Reserve Bank of New York

PAUL WILLEN, Federal Reserve Bank of Boston
IOURII MANOVSKII, University of Pennsylvania

TONI WHITED, University of Wisconsin

Jan. 4, 10:15 am

AREUEA

Default Risk (G1)

Presiding: AMY CREWS CUTTS, Freddie Mac

CYNTHIA HOLMES, Florida State University, and MICHAEL LACOUR-LITTLE, California State University-Fullerton--An Empirical Test of the Equity Dilution Hypothesis

TYLER YANG, IFE Group, CHE-CHUN LIN, National Tsing Hua University, and MAN CHO, KDI School--Default Risk and Relative Values of Exotic Mortgage Products: A Multi-Factor Simulation Approach

JUN CHEN and JINBAO TONG, Property & Portfolio Research, Inc.--The Spatial Dependency of Loss Given Default of Commercial Mortgages

V. CARLOS SLAWSON, JR., Louisiana State University--Underwater Mortgages

Discussants: JAMES BERKOVEC, Freddie Mac
ROBERT VAN ORDER, University of Michigan
JAMES FOLLAIN, James R. Follain LLC
AMY CREWS CUTTS, Freddie Mac

Jan. 4, 10:15 am

ACES

Employment and Poverty in Ukraine: Evidence from Firm- and Household-Level

Data (P3)

Presiding: JAN SVEJNAR, University of Michigan

J. DAVID BROWN, Heriot-Watt University, and JOHN S. EARLE, Central European University--Innovation in Transition: Evidence from Firm-Level Data in Ukraine

AMELIE CONSTANT, MARTIN KAHANEC, and KLAUS F. ZIMMERMAN, THOMAS DOHMEN, Institute for the Study of Labor--The Russian-Ukrainian Labor Market Divide

HARTMUT LEHMANN and NORBERTO PIGNATTI, University of Bologna--Informal Employment and Labor Market Segmentation in Transition Economies: Evidence from Ukraine.

TILMAN BRUCK, ALEXANDER DANZER, ALEXANDER MURAVYEV, and NATALIA WEISSHAAR, German Institute for Economic Research, Berlin--Determinants of Poverty During Transition: Household Survey Evidence from Ukraine

Discussants: KATHERINE TERRELL, University of Michigan

ELIZABETH BRAINERD, Williams College

RICHARD POMFRET, University of Adelaide

Jan. 4, 10:15 am

AEDSB

Intra-Household Development Issues in Bangladesh

Presiding: Farida Khan, University of Wisconsin-Parkside

SHAREEN JOSHI, University of Chicago, and T. PAUL SCHULTZ, Yale University--Family Planning as an Investment in Development: Evaluation of a Program's Consequences in Matlab, Bangladesh

SIWAN ANDERSON and MUKESH ESWARAN, University of British Columbia--What Determines Female Autonomy? Evidence from Bangladesh

MARK M. PITT, Brown University, MARK R. ROSENZWEIG, Yale University, MD. NAZMUL HASSAN, Dhaka University--Short- and Long-Term Health Effects of Burning Biomass in the Home in Low-Income Countries

MUHAMMAD YUNUS, Grameen Bank--A Special Presentation by the Founder of the Grameen Bank

Discussant: SHAHE EMRAN, George Washington University

Jan. 4, 10:15 am

AFEE

How to Turn Economics into an Evolutionary Science? (B5)

Presiding: MALCOLM RUTHERFORD, University of Victoria

GEOFFREY HODGSON, University of Hertfordshire--How Veblen Generalized Darwinism

JAN-WILLEM STOELHORST, University of Amsterdam--Darwinian Foundations for Evolutionary Economics

ULRICH WITT, Max Planck Institute of Economics and University of Jena--Ontology and Heuristics in Evolutionary Economics: Back to Veblen?

CHRISTIAN CORDES, Max Planck Institute of Economics--The Role of Biology and Culture in Consumption Behavior

CLIFFORD S. POIROT JR., Shawnee State University--Eat Grubs and Live: The Habit-Instinct Problem in Evolutionary Economics

Discussants: MALCOLM RUTHERFORD, University of Victoria
WILLIAM WALLER, Hobart and William Smith Colleges

Jan. 4, 10:15 am

ASE/IAFFE

Gender, Institutions, and Economics in the Early Years (B5)

Presiding: DEB FIGART, Richard Stockton College

NANCY FOLBRE, University of Massachusetts-Amherst--Declaring Independence: Feminist Economics in the 19th Century U.S.

ANN MARI MAY and ROBERT DIMAND, Brock University--Managing "Trouble": Gender, Mentoring, and Professional Advancement in the Early Years of the American Economic Association

EDITH KUIPER, Amsterdam School of Economics, University of Amsterdam--Toward Economic Citizenship: Feminist Economists in the Days of Adam Smith

RHONDA VONSHAY SHARPE, University of Vermont, WILLIAM A. DARITY, JR., Duke University, and OMARI SWINTON, Howard University--Are the Professional Paths of Doctorates Who Attended HBCUs, Hispanic Serving Institutions (HIS), or Women Colleges Different?

Discussants: EVELYN FORGET, University of Manitoba

ROBERT PRASCH, Middlebury College

Jan. 4, 10:15 am

AERE

Land Use Change, Urban Sprawl, and Open Space (Q2)

Presiding: MARGARET WALLS, Resources for the Future

ELENA SAFIROVA, WINSTON HARRINGTON, SÉBASTIEN HOUDE, and CONRAD COLEMAN, Resources for the Future--Can Infill Fill the Gap? Evaluating Urban Growth Management Policies in a General Equilibrium Model of Land Use and Transportation

JORDAN SUTER, NELSON L. BILLS, DAVID L. KAY, and GREGORY L. POE, Cornell University--Assessing the Impact of Open Space on Residential Property Values in Urban, Suburban and Rural Areas: A Hedonic Pricing Study in Upstate New York

ANTONIO BENTO, Cornell University, SOFIA FRANCO, and DANIEL KAFFINE, University of California, Santa Barbara--Framework for Evaluating the Efficiency and Distributional Impacts of Anti-Sprawl Policies

SPENCER BANZHAF, Georgia State University, and R. WALSH--Distributional Effects of Local Environmental Improvements in Tiebout General Equilibrium

Discussants: JAN BRUECKNER, University of California-Irvine

JACQUELINE GEOGHEGAN, Clark University

RICHARD ARNOTT, Boston College

ANNA ALBERINI, University of Maryland

Jan. 4, 10:15 am

ACE

The Virtues in Economics

Presiding: ROBERT MOCHRIE, Heriot-Watt University, UK

GORDON MENZIES, University of Technology, Sydney, and DONALD HAY, University of Oxford--Economics and the Marriage Wars

DEIRDRE MCCLOSKEY, University of Illinois-Chicago--On Faith and Hope

ANDREW YUENGERT, Pepperdine University--Models of Prudence

ROBERT MOCHRIE, Heriot-Watt University, UK--Temperance and the Godly Commonwealth

Discussants: CARRIE MILES, George Mason University

PAUL OSLINGTON, University of New South Wales and Australian Defence Forces Academy

JAMES HALTEMAN, Wheaton College

PATRICK RAINES, Belmont University

Jan. 4, 10:15 am

AIES

Industry Studies (L1, L6)

Presiding: SUHAS L. KETKAR, Vanderbilt University

BANANI NANDI, AT&T Labs, and CHANDANA CHAKRABORTY, Montclair State University--Broadband Diffusion and Its Driving Forces

KUSUM KETKAR, Vanderbilt University--Outsourcing and Economic Development

GOVINDA KOIRALA, University of Rio Grande--Inter-industry Wage Gap and Skill Upgrading in Nepalese Manufacturing

SHAILENDRA GAJANAN, University of Pittsburgh, and DEVENDER MALHOTRA, University of Southern Maine--Size, Relative Dependency and Openness

DHARMENDRA DHAKAL, Tennessee State University, KISHORE KULKARNI, Metropolitan State College of Denver, and KAMAL UPADHYAYA, University of New Haven--Consumption Pattern in an Open Economy Setting

Discussants: AMIT BATABYAL, Rochester Institute of Technology

APARAJITA NANDI, Queens College, City University of New York

SUSHANTA MALLICK, University of London

MEENAKSHI RISHI, Seattle University

Jan. 4, 10:15 am

Paired Invited Session: Frontiers of Monetary Economics (E5)

Presiding: GEORGE-MARIOS ANGELETOS, Massachusetts Institute of Technology,

NEIL WALLACE, Pennsylvania State University--A New Model of Central-Bank Intervention

RANDALL WRIGHT, University of Pennsylvania--Inflation and Unemployment in the Long Run

Discussant: NOBUHIRO KIYOTAKI, Princeton University

Jan. 4, 10:15 am

Paired Invited Session: Combining Structural Models and Experimental Data (C0)

Presiding: EDWARD VYTLACIL, Columbia University

COSTAS MEGHIR, University College, London--Estimating Dynamic Models using Experimental Data

KEN WOLPIN, University of Pennsylvania--Ex Ante Policy Evaluation

Discussant: JOSEPH ALTONJI, Yale University

Jan. 4, 10:15 am

ESA

Experiments in Political Economy (D7)

Presiding: LEEAT YARIV, California Institute of Technology

GUILLAUME FRECHETTE, New York University, JOHN KAGEL, and MASSIMO MORELLI, Ohio State University--Pork Versus Public Goods: An Experimental Study of Public Good Provision Within a Legislative Bargaining Framework

JENS GROSSER, Florida State University, and THORSTEN GIERTZ, University of Cologne--Candidates, Voters, and Endogenous Group Formation: An Experimental Study

MARGARET MCCONNELL, BON CHAN KOH, JULIAN ROMER, and LEEAT YARIV, California Institute of Technology--Getting Out the (Costly) Vote: Institutional Design for Greater Participation

Discussants: MARCO BATTAGLINI, Princeton University

NAGEEB ALI, University of California-San Diego

NAVIN KARTIK, University of California-San Diego

Jan. 4, 10:15 am

EPS

The Plight of the Soldier

Presiding: THEA HARVEY, Economists for Peace and Security

LAWRENCE KORB, Center for American Progress--The All Volunteer Force and the Long War: When and How Should We Reinstitute Conscription?

MAJOR GENERAL PAUL EATON, United States Army (ret.)--The American Soldier: Carrying the Entire Load for the Bush Administration?

DAVID LOUGHRAN, RAND Corporation, and JACOB KLERMAN, Abt Associates--The Effect of Activation on the Post-Activation Earnings of Reservists

LINDA BILMES, Harvard University--Veterans from Iraq and Afghanistan: Impediments to Securing Disability Benefits and Medical Care

Jan. 4, 10:15 am

HES/AFA

What Was/Is Financial Economics? (B2)

Presiding: STEPHEN BUSER, Ohio State University

GEOFFREY POITRAS, Simon Fraser University, and FRANCK JOVANOVIC, University of Quebec-Montreal--Pioneers of Financial Economics

HICHEM BEN-EL-MECHAIEKH and ROBERT DIMAND, Brock University--Louis Bachelier's 1938 Volume on the Calculus of Speculation: Efficient Markets and Mathematical Finance in Bachelier's Later Work

PETER BERNSTEIN, Peter L. Bernstein, Inc.--In the Thick of This World: The True Story of Modern Finance

PERRY MEHRLING, Barnard College, Columbia University--The Spirit of Finance and the Development of Macroeconomics

Jan. 4, 10:15 am

IAEE

Hot Topics in Energy Modeling (Q4)

Presiding: CAROL DAHL, Colorado School of Mines

REID W. CLICK and ROBERT J. WEINER, George Washington University--Resource Nationalism Meets the Market: Modeling Political Risk and the Value of Petroleum Reserves

ERIN BAKER, University of Massachusetts, HAEWON CHON, University of Maryland, LEON CLARKE, Joint Global Change Research Institute, and JEFFREY KEISLER, University of Massachusetts--Uncertainty, Climate Change, and Advanced Solar R&D

THOMAS K. LEE, Marymount University, and JOHN ZYREN, U. S. Energy Information Administration--The Source and Transmission of Volatility in Petroleum Markets

CYNTHIA LIN, University of California-Davis--Do Firms Interact Strategically?: A Structural Model of the Multi-Stage Investment Timing Game in Offshore Petroleum Production

Discussants: DOUGLAS REYNOLDS, University of Alaska-Fairbanks

JAMES L. SMITH, Southern Methodist University

FREDERICK L. JOUTZ, George Washington University

WUMI ILEDARE, Louisiana State University

Jan. 4, 10:15 am

INEM

Preferences and Behavior: Methodological Issues

Presiding: JOHN B. DAVIS, Marquette University

GRAIG MCLAREN, University of California-Riverside--The Problem with Preferences

ERIK ANGNER, University of Alabama-Birmingham--The Foundations of Behavioral Welfare Economics

WOLFRAM LATSCH, University of Washington--Beyond Compare: Amartya Sen on Ranking and Reflection

FREDRIK HANSEN, Swedish National Road and Transport Research Institute--Formalization and Bounded Rationality: From an Ontological Point of View

Discussants: JOHN B. DAVIS, Marquette University

Jan. 4, 10:15 am

ISIR

Recent Advances in Inventory Research (E3)

Presiding: ANDREAS HORNSTEIN, Federal Reserve Bank of Richmond

JAMES KAHN, Federal Reserve Bank of New York--Inventories and the Great Moderation Revisited

ANA MARIA HERRERA, Michigan State University, ZHENG LIU, and ELENA PESAVENTO, Emory University--Production Chains and the Business Cycles: A Model of Input and Output Inventories

VALERIE A. RAMEY, University of California San Diego, and DANIEL J. VINE, Federal Reserve Board--Segment Shifts and Capacity Utilization in the U.S. Automobile Industry: What Has Changed in 30 Years?

Discussants: ELENA PESAVENTO, Emory University
SCOTT SCHUH, Federal Reserve Bank of Boston
GEORGE HALL, Brandeis University

Jan. 4, 10:15 am

ISNIE

Legal Institutions and Economic Performance (K0, O0)

Presiding: DEAN LUECK, University of Arizona

JASON JOHNSTON, University of Pennsylvania, and MICHAEL FAURE, Maastricht University--Fashioning Entitlements: A Comparative Law and Economic Analysis of the Judicial Role in Environmental Centralization in the US and Europe

JONATHAN KLICK, Florida State University, BRUCE KOBAYASHI, George Mason University, and LARRY RIBSTEIN, University of Illinois--The Effect of Contract Regulation: The Case of Franchising

GARY D. LIBECAP, University of California-Santa Barbara, and DEAN LUECK, University of Arizona--Controlled versus Indiscriminate Property Demarcation: The Economic Effects of the Rectangular Survey

ANUP MALANI University of Chicago--Expectation of Future Laws

Jan. 4, 10:15 am

LERA

Labor Market Consequences of Organizational Change

Presiding: ANN BARTEL, Columbia University

MARIA GUADALUPE, Columbia University--The Demand for Talent Evidence from the Market for CEOs

JED DEVARO, Cornell University--Job Characteristics and Labor Market Discrimination in Promotions: New Theory and Empirical Evidence

ALEXANDRE MAS, University of California-Berkeley--The Dynamics of Social Interactions in the Workplace

Discussants: KEVIN HALLOCK, Cornell University

STEPHANIE LLUIS, University of Waterloo

Jan. 4, 10:15 am

LERA

Employee Voice and Participation in Organizations: New Approaches and Perspectives

Presiding: PAUL J. GOLLAN, London School of Economics and Macquarie University, Sydney

JOHN W. BUDD, University of Minnesota, and STEFAN ZAGELMEYER, International University of Applied Sciences Bad Honnef-Bonn--Employee Voice is Not a Purely Private Affair: Public Policy Rationales and Initiatives in Support of Employee Participation

RICHARD N. BLOCK and PETER BERG, Michigan State University--Collective Bargaining as Employee Participation in Organizations

DAVID LEWIN, University of California-Los Angeles--Employee Voice and Mutual Gains

ALEX BRYSON, Policy Studies Institute, RAFAEL GOMEZ, and PAUL WILLMAN, London School of Economics--Voice in the Wilderness

Discussants: BRUCE KAUFMAN, Georgia State University

Jan. 4, 10:15 am

LERA

Rebuilding America's Industrial Regions

Presiding: FRANK GIARRATANI, University of Pittsburgh

DAN LURIA, Michigan Manufacturing Technology Center--Full-Utilization Learning Lean: A Strategy for the Revitalization of Manufacturing in the Great Lakes Region

HOWARD WIAL, Brookings Institution--The Role of Services in the Economic Development of Industrial Regions

SEAN SAFFORD, University of Chicago--Unions and Economic Development in the Rust Belt

Discussants: SUSAN HELPER, Case Western Reserve University

ERICA GROSHEN, Federal Reserve Bank of New York

Jan. 4, 10:15 am

MEEA

Open Economy Macroeconomics Issues in the MENA Region (F4)

Presiding: HADI SALEHI ESFAHANI, University of Illinois at Urbana-Champaign

WASSEEM MINA, UAE University--Does Property Rights Protection Matter for International Lending in the MENA Region?

MOHAMMED SALISU, LOBNA BOUSRIH, and SANA HARRABI, African Development Bank--Determinants of Firm Performance in Egypt and Algeria: Evidence from Investment Climate Survey Data

FIRAT DEMIR, University of Oklahoma--Profitability and Employment Responses to Financial Liberalization and Macroeconomic Volatility in Turkey

GHAZI BOULILA, AFRAH LARNAOUT GOUIDER, and MOHAMED TRABELSI, University of Tunis--Capital Account Liberalization and Business Cycles Volatility

YASMINA REEM LIMAM, MOHAMED TRABELSI, and AFRAH LARNAOUT GOUIDER University of Tunis--Does Capital Account Liberalization Promote Growth?

SAMY BEN NACEUR, University of Tunis Carthage, SAMIR GHAZOUANI, University of Manouba, and MOHAMMED OMRAN, Cairo and Alexandria Stock Exchange--Does Stock Market Liberalization Spur Economic and Financial Development?

Discussants: NAGLA RIZK, American University in Cairo

AYCA TEKIN-KORU, Oregon State University

HASSAN ALY, Ohio State University

MINE CINAR, Loyola University of Chicago

SUUT DOGRUEL, Marmara University

ALI M. KUTAN, Southern Illinois University-Edwardsville

Jan. 4, 10:15 am

NABE

Accounting for Stock Options in the National Income Accounts

Presiding: ROSEMARY D. MARCUSS, U.S. Bureau of Economic Analysis

CYNTHIA A. GLASSMAN, U.S. Department of Commerce

S.P. KOTHARI, Massachusetts Institute of Technology

Discussants: R. GLENN HUBBARD, Columbia University

Jan. 4, 10:15 am

NAEFA

Financial Stability and Contagion (G1)

Presiding: SEAN CAMPBELL, Federal Reserve Board

CHARLES KAHN, University of Illinois, and JOAO SANTOS, Federal Reserve Bank of New York--Endogenous Financial Fragility and Prudential Regulation

JOHN AMMER, CLARA VEGA , Federal Reserve Board, and JON WONGSWAN, Barclays Global Investors--Do Fundamentals Explain the International Impact of U.S. Interest Rates? Evidence at the Firm Level

DIANA HANCOCK and WAYNE PASSMORE, Federal Reserve Board--The Measurement of Systemic Risks in Banking

SUJIT CHAKRAVORTI, Federal Reserve Bank of Chicago, and SUBIR LALL, International Monetary Fund--Contagion Across Small Markets from Large Foreign Investors

Discussants: NED PRESCOTT, Federal Reserve Bank of Richmond

ALESSIA FALSARONE, Citigroup

LOUIS SCOTT, Morgan Stanley

MATT PRITSKER, Federal Reserve Board

Jan. 4, 10:15 am

ODE

John R. Commons Lecture and Award

Presiding: ROBERT R. EBERT, Baldwin-Wallace College

RACHEL MCCULLOCH, Brandeis University--Globalization and Inequality

Jan. 4, 10:15 am

SED

New Developments in Labor Market Research

Presiding: GUIDO MENZIO, University of Pennsylvania

RICHARD ROGERSON and JOHANNA WALLENIUS, Arizona State University--Micro and Macro Elasticities in a Life Cycle Model with Taxes

PER KRUSELL, Princeton University, AYSEGUL SAHIN, and TOSHI MUKOYAMA, Federal Reserve Bank of New York--Wealth and Wages: A Search-Matching Perspective

MARK BILS, University of Rochester, YONGSUNG CHANG, Seoul National University, and SUN-BIN KIM, Korea University--Comparative Advantage in Cyclical Unemployment

GUIDO MENZIO, University of Pennsylvania, and SHOUYONG SHI, University of Toronto--Heterogeneity and Aggregate Fluctuations in a Directed Search Equilibrium

Jan. 4, 10:15 am

SGE

Economic Instability among U.S. Workers and Families

Presiding: JONATHAN A. SCHWABISH, Congressional Budget Office

KAREN E. DYNAN, DOUGLAS W. ELMENDORF, and DANIEL E. SICHEL, Federal Reserve Board--The Evolution of Aggregate and Household-Level Economic Volatility

THOMAS DELEIRE, MOLLY DAHL, and JONATHAN SCHWABISH, Congressional Budget Office--Variability in Workers' Earnings: The Frequency of, Trends in, and Causes of Large Earnings Reductions

CONSTANCE NEWMAN, DEAN JOLLIFFE, and MARK PRELL, U.S. Department of Agriculture--The Role of Food Stamps in Reducing Poverty over Time

Discussants: MAURY GITTLEMAN, U.S. Bureau of Labor Statistics

AUSTIN NICHOLS, Urban Institute

CRAIG GUNDERSEN, Iowa State University

Jan. 4, 10:15 am

URPE

Economic Policies in Venezuela (O5)

Presiding: AL CAMPBELL, University of Utah

ROSE MARIA MARQUES, Pontifica Universidade Catolica de Sao Paolo--Social Policies and Inequalities in Venezuela

PAULO NAKATANI, Federal University of Espirito Santo, Brazil--Structures, Changes, and Planning of the Economy of Revolutionary Venezuela

MAURICIO SABADINI, University of Paris I--Oil, Money and Finance in the Boliviarian Revolution of Venezuela

FELIX RIVAS, Central Bank of Venezuela, Caracas--The Monetary and Financial Policy of Venezuela

Discussants: AL CAMPBELL, University of Utah

REMY HERRERA, University of Paris I

Jan. 4, 10:15 am

URPE

Toward a Political Economy of Stratification (J3)

Presiding: AJIT ZACHARIAS, Levy Economics Institute of Bard College

WILLIAM DARITY, JR., University of North Carolina-Chapel Hill--Stratification Economics: The Role of Intergroup Inequality

MELISSA MAHONEY, Levy Economics Institute of Bard College and New School for Social Research, and AJIT ZACHARIAS, Levy Economics Institute of Bard College--Gender Disparities in Employment and Aggregate Profitability in the United States

PATRICK MASON, Florida State University--Social Capital and Intergenerational Mobility

STEPHANIE SEGUINO, University of Vermont--The Threads That Bind: Race and Gender Stratification and the Macroeconomics of Inequality

Discussants: EDWARD WOLFF, Levy Economics Institute of Bard College and New York University

DIMITRI PAPADIMITRIOU, Levy Economics Institute of Bard College

KORKUT ERTURK, University of Utah

Jan. 4, 12:30 pm

AAEA

Three Drivers of Distributional Shifts in Domestic Agricultural Policy (Q1)

Presiding: KEITH H. COBLE, Mississippi State University

BRUCE BABCOCK, Iowa State University--The Distributional Impacts of Biofuels

KEITH COBLE, Mississippi State University, and ROBERT DISMUKES, USDA-ERS--Comparing Integrated Commodity and Insurance Programs with Current Farm Policy

BARRY GOODWIN, North Carolina State University--The Incidence and Implications of Payment Limits

Discussant: JOE GLAUBER, USDA

Jan. 4, 12:30 pm

AEA/AFA

Joint Luncheon

Presiding: JEREMY STEIN, Harvard University

R. GLENN HUBBARD, Columbia University

Jan. 4, 12:30 pm

AEA/ODE

ODE Invited Graduate Student Papers: Health and Environmental Issues (H0)

Presiding: ROBERT S. RYCROFT, University of Mary Washington

RASHMITA BASU and ROBERT ROSENMAN, Washington State University--Role of Healthy Lifestyle on Individual Decision Making for Disease Prevention: Implications for Government Policy on Alzheimer's Disease

JASON DELANEY and PAUL J. FERRARO, Georgia State University--Is Information News? A Reassessment of the Impact of the Toxics Release Inventory on Firm Value

JUERGEN JUNG and CHUNG TRAN, Indiana University--The Macroeconomics of Health Savings Accounts

MATTHEW SULZICKI, University of New Hampshire--Air Pollution and Elderly Health: The Effect of Outdoor Air Quality on Medicare Beneficiaries in Boston, Massachusetts

Discussants: XIAOXUN GAO, Indiana University

MARTIN PAREDES, New York University

SEAN MURPHY, Washington State University

JAMES MURRAY, Indiana University

Jan. 4, 12:30 pm

AREUEA

Mortgage Pricing (G1)

Presiding: FRANK E. NOTHAFT, Freddie Mac

BARBARA A. BUKHVALOVA, Norwegian School of Management--Competitive Risk Premiums, Monitoring Costs and Lifetime Utility Maximization

JAMES IAN VICKERY, Federal Reserve Bank of New York--How Do Financial Frictions Shape the Product Market? Evidence from Mortgage Originations

ANDREA J. HEUSON, University of Miami--Mortgage Market Conditioning Variables and the Underwriting Spreads Faced by GSEs

SIMON FIRESTONE and PAUL CALEM, Freddie Mac--Credit Constraints and Homeownership

Discussants: To be announced.

Jan. 4, 12:30 pm

ACES

Economic and Reform of Large Countries: China and India's Recent Experiences (P5)

Presiding: JOHN BONIN, Wesleyan University

ALICIA GARCIA-HERRERO, SERGIO GAVILA, and DANIEL SANTABARBARA, Bank of Spain, Spain--What Explains The Low Profitability of Chinese Banks?

RICHARD ECKAUS, Massachusetts Institute of Technology--The Demand for the Exports of China and India

YASHENG HUANG, Massachusetts Institute of Technology, and DAVID LI, Tsinghua University--R&D Investment and Efficiency: A China-India Comparison

JOHN SUTTON, London School of Economics--The Advance of Manufacturing Capabilities in China and India

Discussants: GERARD ROLAND, University of California-Berkeley

JAN SVEJNAR, University of Michigan

YUMIKO OKAMOTO, Doshisha University, Japan

Jan. 4, 12:30 pm

ASE

Globalization, Public Policy, and Inequality (F1)

Presiding: HAMID HOSSEINI, King's College

HAMID HOSSEINI, King's College--Rawlsian Ethics versus Utilitarianism: How Can the Global Economic Structure Become More Just?

OZLEM L. SARI, TUBITAK -- The Scientific and Technological Council of Turkey--Multicultural Sentiment and Anti-Immigrant Policies: Explaining Exclusionist Policy Orientations in Western European Countries

LISA MAGNANI, University of New South Wales--Global Public Goods and Public Policy. Understanding the Effect of Demographic Trends and Labour Market Institutions on the Demand for Public Environmental Protection

WIM HEIJMAN and JAN VAN OPHEM, Wageningen University--Income and Happiness: Puzzles and Paradoxes

Discussants: JANE CLARY, College of Charleston

ROBERT MCMASTER, University of Glasgow

Jan. 4, 12:30 pm

AERE

Regulation, Enforcement, and Public Disclosure (Q5)

Presiding: CARL PASURKA, JR., U.S. Environmental Protection Agency

DIETRICH EARNHART, University of Kansas, and DYLAN RASSIER, U.S. Bureau of Economic Analysis--The Effect of Environmental Regulation on Corporate Financial Performance: Short-Run versus Long-Run Implications

CHRISTIAN LANGPAP, Oregon State University, and JAY SHIMSHACK, Tufts University--The Role of Private Enforcement in Environmental Regulation

ARUN MALIK, George Washington University--The Desirability of Forgiveness in Regulatory Enforcement

NICHOLAS POWERS, University of Michigan, ALLEN BLACKMAN, Resources for the Future, THOMAS LYON, University of Michigan, and URVASHI NARAIN, Resources for the Future--Does Public Disclosure Reduce Pollution? Evidence from India's Pulp and Paper Industry

Discussants: KAREN PALMER, Resources for the Future

WAYNE GRAY, Clark University

THOMAS LYON, University of Michigan

JOSHUA LINN, University of Illinois- Chicago

Jan. 4, 12:30 pm

CES

Microeconomics of Economics Development (O1)

Presiding: XIAO-YUAN DONG, University of Winnipeg

HUIYA CHEN, University of California-Davis and Reed College, and DEBORAH L. SWENSON, University of California-Davis and NBER--Multinational Firms and New Chinese Export Transactions

FENG-LIAN DU, Inner Mongolia University, and XIAO-YUAN DONG, University of Winnipeg--Why Women Have Longer Unemployment Durations than Men in Post-restructuring Urban China

YOUNGJUN CHEN, Renmin University of China and Johns Hopkins University--Antitrust and Regulation: The Experience of U.S. and Its Implications for China

XIAOQIANG CHENG, University of Leuven, and HANS DEGRYSE, CentER, Tilburg University, and TILEC, University of Leuven--Informational Barriers and Credit Rationing in the Market for Credit Cards

Discussants: HUIYA CHEN, University of California-Davis and Reed College

JACK HOU, California State University-Long Beach

DENNIS T. YANG, Virginia Tech and Chinese University of Hong Kong

VANESSA YANHUA ZHANG, LECG

Jan. 4, 12:30 pm

EHA

Money, Finance, and Equity

Presiding: PETER ROUSSEAU, Vanderbilt University

DAVID CHAMBERS, Oxford University, and ELROY DIMSON, London Business School--Keynes the Investor

CAROLINE FOHLIN, Johns Hopkins University, TOBIAS BRÜNNER, and THOMAS GEHRIG, University of Freiburg--Asymmetric Information and the Costs of Trading in the New York Stock Exchange, 1900-1910

FARLEY GRUBB, University of Delaware--The Continental Dollar: What Happened to It after 1779?

DAN LI, Boston University--The Costs of Civil Wars: Micro Evidence from Chinese National Railroads, 1906-1923

Discussants: MICHAEL EDELSTEIN, Queens College

ANDREY UKHOV, Indiana University

PETER ROUSSEAU, Vanderbilt University

SE YAN, University of California-Los Angeles

Jan. 4, 12:30 pm

HES

Keeping the Faith: The Continuing Engagement of Economics with Religion (B1)

Presiding: SPENCER BANZHAF, Georgia State University

STEPHEN MEARDON, Bowling Green State University--Whence Commerce Followed the Missionary: Religions Origins of Doctrines of U.S. Trade and Expansion

HARRO MAAS, Amsterdam School of Economics--A Hard Battle to Fight: The Dismal Science in Cambridge 1820-1850

DANIELA PARISI, Catholic University of Milan--Economics to the Service of Humankind: The Political Economy of Francesco Vito

Discussants: BRAD BATEMAN, Grinnell College

PAUL OSLINGTON, University of New South Wales

SPENCER BANZHAF, Georgia State University

Jan. 4, 12:30 pm

IOS

Patenting, Productivity, and Public Policy (O3)

Presiding: FRANCINE LAFONTAINE, University of Michigan

IAIN M. COCKBURN and MEGAN J. MACGARVIE, Boston University--Entry, Exit and Patenting in the Software Industry

MARIKO SAKAKIBARA, University of California-Los Angeles--Assessing the Role of University Patent Rights: U.S.-Japan Comparison of University-Industry Knowledge Transfer

NATARAJAN BALASUBRAMANIAN, Florida International University, and JAGADEESH SIVADASAN, University of Michigan--Patenting and Firm Growth: An Exploration

Discussants: SHANE GREENSTEIN, Northwestern University

ARVIDS ZIEDONIS, University of Michigan

SCOTT STERN, Northwestern University

Jan. 4, 12:30 pm

KAEA

Consumption, Investment and Real Exchange Rates (F4)

Presiding: SUNGHYUN H. KIM, Tufts University

JOONG SHIK KANG, International Monetary Fund--Consumption and Real Exchange Rates in an Economy with Private Information

TAEYOUNG DOH, Federal Reserve Bank of Kansas City--Yield Curve in a Macroeconomic Equilibrium Model

SIMON GILCHRIST, Boston University, and JAE W. SIM, Federal Reserve Board--Investment during the Korean Financial Crisis: A Structural Econometric Approach

JAEBEOM KIM, Oklahoma State University, and YOUNG-KYU MOH, Texas Tech University--Nonlinear Dynamics of Real Exchange Rates for Traded and Non-traded Goods

Discussants: JAEWOO LEE, International Monetary Fund

TACK YOON, Federal Reserve Board

JEONG-JOON LEE, Towson University

YOOSOON CHANG, Texas A&M University

Jan. 4, 12:30 pm

NAEFA

The Credit Channel and Macroeconomic Consequences (E5)

Presiding: DIANA HANCOCK, Federal Reserve Board

JUHA KILPONEN, Bank of Finland, and ALISTAIR MILNE, City University London and Bank of Finland--The Lending Channel and Optimal Choice of Monetary Policy

BERRAK BUYUKKARABACAK, Emory University, and NEVEN VALEV, Georgia State University--Credit Expansions and Financial Crises: The Roles of Household and Firm Credit

MUHAMMAD MUSTAFA, South Carolina State University, and MATIUR RAHMAN, McNeese State University--Linkages Among Stock Market Wealth, Consumer Sentiment, and U.S. Durable Goods

ULF VON KALCKREUTH, Deutsche Bundesbank--Financing Constraints, Micro Adjustment of Factor Use and Aggregate Implications

Discussants: KARSTEN JESKE, Federal Reserve Bank of Atlanta

WENDY EDELBERG, Federal Reserve Board

ANDREAS LEHNERT, Federal Reserve Board

GEORGE HALL, Brandeis University

Jan. 4, 12:30 pm

SPM

Global Imbalances and International Economic Stability (F4)

Presiding: DOUGLAS WALKER, Regent University

FRED CAMPANO, Fordham University--Poverty Alleviation and Structural Imbalances

PELLEGRINO MANFRA, City University of New York--FDI and Global Imbalances

DOMINICK SALVATORE, Fordham University--Structural Imbalances and International Economic Stability

Discussants: SARA GORDON, St. John's University

DOUGLAS WALKER, Regent University

Jan. 4, 12:30 pm

TPUG

Regulating Public Utilities

Presiding: CHRISTIAAN HOGENDORN, Wesleyan University

CHRISTOPHER GARGACZ, Economist, Flora, MS and HERBERT G. THOMPSON, JR., Ohio University--Telecom Impact in the United States

CAROLYN GIDEON, Tufts University--Disconnecting: Universal Service on the Decline

SAM KAYAGA, Loughborough University--Water Demand Management: A Key Building Block for Sustainable Urban Water Management

JOHN YING, University of Delaware--Testing the Effectiveness of Regulation and Competition on Cable Television Rates

Discussants: LEA-RACHEL KOSNIK, University of Missouri-St. Louis

CHRISTIAAN HOGENDORN, Wesleyan University

CHRISTOPHER GARBACZ, Economist, Flora, MS

Jan. 4, 12:30 pm

URPE

Whither the U.S. Economy in 2008 and Beyond? (Roundtable Discussion) (E6)

Presiding: FRED MOSELEY, Mount Holyoke College

DEAN BAKER, Center for Economic and Policy Research--Housing and the Sub-Prime Bust

TOM PALLEY, Economics for Democratic and Open Societies--The Dollar and International Imbalances

WILLIAM SPRIGGS, Howard University--Current Conditions for African-Americans

ROBERT POLLIN, University of Massachusetts-Amherst--Government Policies

DORENE ISENBERG, University of Redlands--Housing Crisis in California

Jan. 4, 2:30 pm

AAEA

Welfare Economics and Policy Analysis of U.S. Biofuel Policies (Q4)

Presiding: MARY BOHMER, USDA-ERS

WALLACE E. TYNER, Purdue University--The U.S. Biofuels Market: Policy Alternatives for the Future

HARRY DE GORTER, Cornell University--The Welfare Economics of U.S. Ethanol Policy

MADHU KHANNA, AMY ANDO, and FARZAD TAHERIPOUR--Unintended Welfare Effects of an Ethanol Subsidy

Discussant: MARCOS JANK, ICONE

Jan. 4, 2:30 pm

AEA

Current and Future Institutions for the World Economy

Presiding: GENE GROSSMAN, Princeton University

RAGHURAM RAJAN, University of Chicago--The Future of the IMF and World Bank

DANIEL ESTY, Yale University--Rethinking Global Environmental Governance

MARTIN FELDSTEIN, Harvard University--Designing Institutions to Cope with Terrorism

Discussant: TODD SANDLER, University of Texas-Dallas

Jan. 4, 2:30 pm

AEA

Better Living through Economics: II

Presiding: JOHN SIEGFRIED, Vanderbilt University

PRESTON MCAFEE, California Institute of Technology and Yahoo Research, SIMON WILKIE, University of Southern California, and JOHN MCMILLAN, Stanford University--The Greatest Auction in History

AL ROTH, Harvard University--Market Design

ELIZABETH BAILEY, University of Pennsylvania--Airline Deregulation

Discussants: JEREMY BULOW, Stanford University

PETER CRAMTON, University of Maryland

NANCY ROSE, Massachusetts Institute of Technology

Jan. 4, 2:30 pm

AEA

Panel Discussion on "What Should Be the Core of Graduate Economics?"

Presiding: DAVID C. COLANDER, Middlebury College

SUSAN ATHEY, Harvard University

EDWARD GLAESER, Harvard University

BO HONORE, Princeton University

BLAKE LEBARON, Brandeis University

DEREK NEAL, University of Chicago

MICHAEL WOODFORD, Columbia University

Jan. 4, 2:30 pm

AEA

Psychology and Development: Theory and Experimental Evidence

Presiding: SENDHIL MULLAINATHAN, Harvard University

ESTHER DUFLO, Massachusetts Institute of Technology, MICHAEL KREMER, Harvard University and JONATHAN ROBINSON, Princeton University--Why Are Farmers Not Using Fertilizer? Evidence from Field Experiments in Western Kenya

ABHIJIT BANERJEE, Massachusetts Institute of Technology, and SENDHIL MULLAINATHAN, Harvard University--Climbing Out of Poverty: Long Term Decisions under Income Stress

ERNST FEHR, University of Zurich, KARLA HOFF, World Bank, and MAYURESH KSHETRAMADE, Affinnova Inc.--Norm Enforcement under Social Discrimination: An Experimental Investigation in India

Discussants: ELDAR SHAFIR, Princeton University

COLIN CAMERER, Caltech

Jan. 4, 2:30 pm

AEA

Labor Market Flows

Presiding: ROBERT SHIMER, University of Chicago

BARBARA PETRONGOLO and CHRISTOPHER PISSARIDES, London School of Economics--The Ins and Outs of European Unemployment

STEVEN DAVIS, University of Chicago--The Decline of Job Loss

ROBERT SHIMER, University of Chicago--Accounting for Labor Market Flows

Discussants: OLIVIER BLANCHARD, Massachusetts Institute of Technology

BRUCE FALLICK, Federal Reserve Board

MICHAEL ELSBY, University of Michigan

Jan. 4, 2:30 pm

AEA

Firm Dynamics (L1)

Presiding: STEPHEN REDDING, London School of Economics

BOYAN JOVANOVIC, New York University, and CHUNG-YI TSE, University of Hong Kong--Creative Destruction in Industries

ERZO LUTTMER, University of Minnesota--New Goods and Firm Growth

ESTEBAN ROSSI-HANSBERG, Princeton University, and SATYAJIT CHATTERJEE, Federal Reserve Bank of Philadelphia--Spin-offs and the Market for Ideas

ANDREW BERNARD, Dartmouth College, PETER SCHOTT, Yale University, and STEPHEN REDDING, London School of Economics--Multi-product Firms and Product Switching

Discussants: XAVIER GABAIX, Princeton University

MARK WRIGHT, University of California-Los Angeles

HUGO HOPENHAYN, University of California-Los Angeles

SAM KORTUM, University of Chicago

Jan. 4, 2:30 pm

AEA

The Economics of Ethnic Identity and Assimilation (J1)

Presiding: LISA M. LYNCH, Tufts University

CARMEL U. CHISWICK, University of Illinois-Chicago--The Economic Determinants of Ethnic Assimilation

TIMOTHY J. HATTON and ANDREW LEIGH, Australian National University--Immigrants Assimilate as Communities, Not Just as Individuals

AMELIE CONSTANT, Georgetown University, and KLAUS F ZIMMERMANN, IZA and Bonn University--Measuring Ethnic Identity and Its Impact on Economic Behavior

ROBERT W. FAIRLIE, University of California-Santa Cruz, ALICIA ROBB, FSD, JULIE ZISSIMOPOULOS, RAND, and HARRY KRASHINSKY, University of Toronto--Asian-Owned Businesses in the United States

Discussants: SUSAN VROMAN, Georgetown University

DAVID C. RIBAR, University of North Carolina

LESLIE STRATTON, Virginia Commonwealth University

SOLOMON POLACHEK, Binghamton University

Jan. 4, 2:30 pm

AEA

Disaster Economics: A Roundtable on Climate Change, Hurricane Katrina

and Related Issues (H0)

Presiding: JAMES K. GALBRAITH, University of Texas-Austin and Economists for Peace and Security

PAUL KRUGMAN, Princeton University--TBA

JOSEPH STIGLITZ, Columbia University--TBA

HOWARD KUNREUTHER, University of Pennsylvania--Providing Protection Against Natural Disasters in the 21st Century

MARCELLUS ANDREWS, Insurance Information Institute--Risk, Inequality and the Economics of Disaster

Discussants: To be announced.

Jan. 4, 2:30 pm

AEA

Firm Size & Innovation: Solving Schumpeter's Innovation Riddle (O1)

Presiding: WILLIAM BAUMOL, New York University

JOHN VAN REENEN, London School of Economics, and SHARON BELENZON, Oxford University--Firm Size and Innovation: Evidence from European Panel Data

DAVID AUDRETSCH, Indiana University and Max Planck Institute--Resolving the Small Firm Innovation Paradox: The Knowledge Spillover Theory of Entrepreneurship

WILFRED DOLFSMA, University of Groningen, and GERBEN VAN DER PANNE, Delft University of Technology--Innovation by SMEs &Large Firms: Sector Structure and Dynamics

PHILIPPE AGHION, Harvard University, JOHN VAN REENEN, London School of Economics, and LUIGI ZINGALES, University of Chicago--Corporate Governance and Innovation

Discussants: MARK SANDERS, Utrecht School of Economics

SHARON BELONZON, Oxford University

JEROEN HINLOOPEN, University of Amsterdam and Katholieke Universiteit Leuven

Jan. 4, 2:30 pm

AEA

Prediction Markets--New Empirical Findings (D7)

Presiding: ERIC ZITZEWITZ, Stanford University

BO COWGILL, Google, JUSTIN WOLFERS, University of Pennsylvania, and ERIC ZITZEWITZ, Stanford University--Prediction Markets Inside the Firm: Evidence From Google

FORREST NELSON and PHILIP POLGREEN, University of Iowa--Predicting Flu: Prediction Markets vs. Biostatistical Models

PAUL TETLOCK, University of Texas-Austin--Does Liquidity Affect Securities Market Efficiency?

RICARD GIL, University of California-Santa Cruz, and STEVEN LEVITT, University of Chicago--Testing the Efficiency of Markets in the 2002 World Cup

Discussants: CHARLES PLOTT, Caltech

ROBIN HANSON, George Mason University

ERIC ZITZEWITZ, Stanford University

JUSTIN WOLFERS, University of Pennsylvania

Jan. 4, 2:30 pm

AEA

International Reserves (F3)

Presiding: RICARDO CABALLERO, Massachusetts Institute of Technology

JOSHUA AIZENMAN, University of California-Santa Cruz, and JAEWOO LEE, International Monetary Fund--Financial versus Monetary Mercantilism -- Long-Run View of Large International Reserves Hoarding

OLIVIER JEANNE and ROMAIN RANCIERE, International Monetary Fund--The Optimal Level of International Reserves in Emerging Market Countries: A New Formula and Some Applications

EDUARDO LEVY YEYATI, Universidad Di Tella--The Cost of Reserves

RICHARD PORTES, London Business School, ELIAS PAPAIOANNOU, European Central Bank, and GRIGORIOS SIOUROUNIS, London Business School--Allocation of International Reserves Across Asset Classes

Discussants: THOMAS WILLETT, Claremont McKenna College

LINDA GOLDBERG, Federal Reserve Bank of New York

ROMAIN RANCIERE, International Monetary Fund

JOSHUA AIZENMAN, University of California-Santa Cruz

Jan. 4, 2:30 pm

AEA

Consumer Bankruptcy and the Credit Market (K3)

Presiding: MICHELLE WHITE, University of California-San Diego

IGOR LIVSHITS, JAMES MACGEE, University of Western Ontario, and MICHELE TERTILT, Stanford University--Accounting for the Rise in Consumer Bankruptcies

CHRIS MAYER, Columbia University, KAREN PENCE, Federal Reserve Board, and TOMASZ PISKORSKI, Columbia University--Deception or Access to Credit: Why Do Subprime Loans Have Adjustable Rates and Prepayment Penalties?

SUMIT AGARWAL, Federal Reserve Bank of Chicago, SOUPHALA CHOMSISENGPHET, Office of the Comptroller of the Currency, CHUNLIN LIU, University of Nevada-Reno, and NICHOLAS SOULELES, University of Pennsylvania--Relationship Lending and Bankruptcy: Evidence from the Consumer Credit Market

ASTRID DICK, Federal Reserve Bank of New York, and ANDREAS LEHNERT, Federal Reserve Board--Personal Bankruptcy and Credit Market Competition

Discussants: DEAN CORBAE, University of Texas-Austin

MARK GARMAISE, University of California-Los Angeles

WENLI LI, Federal Reserve Bank of Philadelphia

ERIK HURST, University of Chicago

Jan. 4, 2:30 pm

AEA

Directed Search Models of Labor and Consumer Product Markets (J6)

Presiding: MICHAEL PETERS, University of British Columbia

SHOUYONG SHI, University of Toronto--Directed Search for Equilibrium Wage-Tenure Contracts

MICHAEL PETERS, University of British Columbia--Unobservable Heterogeneity in Directed Search

JAN EECKHOUT and PHILIPP KIRCHER, University of Pennsylvania--The Sorting Effect of Price Competition

PHILIPP KIRCHER, University of Pennsylvania--Efficiency of Simultaneous Search

Discussants: KEN BURDETT, University of Pennsylvania

ESPEN MOEN, Norwegian School of Management

GUIDO MENZIO, University of Pennsylvania

BENOIT JULIEN, Australian Graduate School of Management

Jan. 4, 2:30 pm

AEA

Monetary Policy and Inflation Targeting

Presiding: ANN OWEN, Hamilton College

MARCO DEL NEGRO, Federal Reserve Bank of Atlanta, and FRANK SCHORFHEIDE, University of Pennsylvania--Monetary Policy Analysis with Potentially Misspecified Models

JERRY TEMPELMAN, Federal Reserve Bank of New York--A Case Against Explicit Inflation Targeting

JAN LIBICH, La Trobe University--Inflexibility of Inflation Targeting Revisited: Modeling the Anchoring Effect

DEVRIM DEMIREL, University of Colorado-Boulder--Optimal Monetary Policy and Equilibrium Determinacy in a Financially Fragile Economy

Discussants: STEVEN DURLAUF, University of Wisconsin

PETER HOWITT, Brown University

MICHAEL HANSON, Wesleyan University

Jan. 4, 2:30 pm

AEA

How to Mentor Junior Economists (Panel Discussion)

Presiding: DANIEL S. HAMERMESH, University of Texas-Austin

FRANCINE BLAU, Cornell University

SUSAN COLLINS, Georgetown University

JONATHAN H. HAMILTON, University of Florida

CHRISTINA PAXSON, Princeton University

JAMES POTERBA, Massachusetts Institute of Technology

JEFFREY M. WOOLDRIDGE, Michigan State University

Jan. 4, 2:30 pm

AEA

Health and Development (I1)

Presiding: CHRIS PAPAGEORGIOU, International Monetary Fund

SHANKHA CHAKRABORTY, University of Oregon, CHRIS PAPAGEORGIOU, International Monetary Fund, and FIDEL PEREZ-SEBASTIAN, University of Alicante, Spain--Diseases and Development

ROMERO ROCHA, Pontifícia Universidade Católica do Rio de Janeiro, and RODRIGO SOARES, University of Maryland and NBER--Direct and Indirect Impacts of Community Based Health Interventions: Evidence from Brazil's Family Health Program

JAMES FEYRER, Dartmouth College, DIMITRA POLITI, Brown University, and DAVID WEIL, Brown University and NBER--The Economic Effects of Micronutrient Deficiency: Evidence from Salt Iodization in the United States

JANE FORTSON, Princeton University--Mortality Risk and Human Capital Investment: The Impact of HIV/AIDS in Sub-Saharan Africa

Discussants: EMILY OSTER, University of Chicago

SIMON JOHNSON, Massachusetts Institute of Technology

ANGUS DEATON, Princeton University

SEBNEM KALEMLI-OZCAN, University of Houston

Jan. 4, 2:30 pm

AEA

Labor Market Dynamics

Presiding: ROBERT MOFFITT, Johns Hopkins University

JOSEPH PERSKY, University of Illinois-Chicago, and DANIEL FELSENSTEIN, Hebrew University--Job Chains and Wage Curves: Worker Mobility and Marshallian Surpluses in Evaluating Local Employment Growth

ANNALISA MASTRI and KATHRYN SHAW, Stanford University--Wage Compression and Teacher Quality

SEWIN CHAN, New York University, and ANN HUFF STEVENS, University of California-Davis--Retirement Reversals

PETER GOTTSCHALK, Boston College, ROBERT MOFFITT, Johns Hopkins University, and JONATHAN SCHWABISH, Congressional Budget Office--Earnings Volatility in the U.S.: Trends and Comparisons using Survey and Administrative Data

Discussants: ANDREW OSWALD ,University of Warwick

ERIC FRENCH, Federal Reserve Bank of Chicago

JOHN ABOWD, Cornell University

Jan. 4, 2:30 pm

AEA

Innovation, Intangibles, and R&D

Presiding: CYNTHIA A. GLASSMAN, U.S. Department of Commerce

JOSHUA LERNER, Harvard University, MORTEN SORENSEN, University of Chicago, and PER STROMBERG, Swedish Institute for Financial Research--The Long-Run Impact of Private Equity: The Impact on Innovation

CAROL CORRADO, Federal Reserve Board, and CHARLES HULTEN, University of Maryland--Some New Stylized Facts about U.S. Economic Growth

J. STEVEN LANDEFELD and SUMIYE OKUBO, Bureau of Economic Analysis--The Role of R&D in Economic Growth: BEA's Satellite Account

Discussants: VOJISLAV MAKSIMOVIC, University of Maryland

BARBARA M. FRAUMENI, University of Southern Maine

SHANE M. GREENSTEIN, Northwestern University

Jan. 4, 2:30 pm

AEA

Racial and Ethnic Gaps in Education: Theory, Policies and Practice

Presiding: NGINA CHITEJI, Skidmore College and Howard University Institute on Race and Wealth

CECILIA ROUSE, Princeton University, DAVID FIGLIO, University of Florida, and ANALIA SCHLOSSER, Princeton University--Racial and Ethnic Gaps in Achievement: Evidence from Florida

BRIAN JACOB, Harvard University--The Impacts of Choice and Accountability on African-American versus Latino Children in Chicago

RONALD FERGUSON, Harvard University-- Within-School Variation in the Quality of Instruction across Course Levels and Racial Groups

ERIC P. BETTINGER, Case Western Reserve University, and BRIDGET TERRY LONG, Harvard University--Racial Gaps in College Preparation: Exploring the Role of Postsecondary Remediation Using a Regression-Discontinuity Approach

Discussants: KERWIN CHARLES, University of Chicago

MARK LOPEZ, University of Maryland

CHARLES CLOTFELTER, Duke University

Jan. 4, 2:30 pm

AEA

Education and Occupational Choice

Presiding: GAIL HOYT, University of Kentucky

JUSTINE HASTINGS, Yale University and NBER, and JEFFREY M. WEINSTEIN, Yale University--Does Gender Influence Gains from Increased Academic Opportunities

SUQIN GE, Virginia Tech, and FANG YANG, State University of New York-Albany--Marriage, Intergenerational Schooling Effect, and Gender Gap in College Attainment

JENNIFER THACHER, MELISSA BINDER, JANIE CHERMAK, and KATE KRAUSE, University of New Mexico--Faculty Compensation and Preferences: Can Differences in Job Preferences Help Explain Why Men and Women are Paid Differently?

ALAKA HOLLA, Innovations for Poverty Action--Missing Students: Risk, Gender, and Human Capital Investment in India

Discussants: CAROLINE MINTER HOXBY, Harvard University

RAQUEL FERNANDEZ, New York University

ALAN KRUEGER, Princeton University

THOMAS DEE, Swarthmore College

Jan. 4, 2:30

AEA

Poster Session 2008

Presiding: To be announced.

HIROKATSU ASANO, Asia University--Estimating Capital Investment with Financial Constraints: Comparison of Tobin's q and Real Options Approaches

YIJUN HE, Washington State University--Existence of Bifurcation in Macroeconomic Dynamics: Grandmont was Right

CATHERINE CO, SHUANGLIN LIN, University of Nebraska-Omaha, and FANYING KONG, Midland Lutheran College--Pollution Across Chinese Provinces

JULIAN EMAMI NAMINI, Erasmus University Rotterdam--Trade, Neoclassical Growth and Heterogeneous Firms

CHRISTIAN BAYER and FALKO JUESSEN, University of Dortmund--On the Dynamics of Interstate Migration: Migration Costs and Self-Selection

MARY DALY and DANIEL WILSON, Federal Reserve Bank of San Francisco--Interpersonal Comparisons: Evidence from Individual-Level Data on Suicides

GARETT JONES, University of California-San Diego--Cognitive Ability and Technology Diffusion: An Empirical Test

MANOJ MOHANAN, Harvard University--Consumption Smoothing Revisited: Testing the Permanent Income Hypothesis Using a Random Health Shock

QIANG ZHANG, University of Leicester--Understanding Intertemporal Substitution in Consumption

Jan. 4, 2:30 pm

AEA/IHEA

Topics in Health Economics

Presiding: RICHARD ARNOULD, University of Illinois

MARK DUGGAN, University of Maryland--The Effect of Medicate Part D on Dual Eligibles: Evidence from California-s Medicaid Program

AMY FINKELSTEIN, Massachusetts Institute of Technology--The Effects of Universal Coverage: Evidence from the Introduction of Medicare

DOUGLAS STAIGER and JONATHAN SKINNER, Dartmouth College--Diffusion and Productivity in Health Care

DAVID BECKER, University of Alabama-Birmingham, KENNETH CHAY, University of California-Berkeley and Brown University, and SHAILENDER SWAMINATHAN, University of Alabama-Birmingham--Mortality and the Baseball Hall of Fame: An Investigation into the Role of Status in Life Expectancy

Discussants: MICHAEL ANDERSON, University of California-Berkeley

JOHN DINARDO, University of Michigan

CARLOS DOBKIN, University of California-Santa Cruz

JUSTIN MCCRARY, University of Michigan

Jan. 4, 2:30 pm

AEA/URPE

Debate over Microeconomics

Presiding: FRED MOSELEY, Mount Holyoke College

BERNARD GUERRIEN and EMMANUELLE BENICOURT, Université Paris-Sorbonne--Is There Anything Worth Keeping in Standard Microeconomics

KARL CASE, Wellesley College--Reply to Guerrien-Benicourt and Defense of Microeconomics

DONALD KATZNER, University of Massachusetts-Amherst--Reply to Guerrien-Benicourt and Defense of Microeconomics

Discussants: DEIRDRE MCCLOSKEY, University of Illinois-Chicago

DUNCAN FOLEY, New School University

Jan. 4, 2:30 pm

AFA

Corporate Liquidity

Presiding: NITTAI BERGMAN, Massachusetts Institute of Technology

DAVID A. MATSA, Northwestern University--Operating Under a Liquidity Crunch: The Impact of LBOs on Product Availability in the Supermarket Industry

ANDREA L. EISFELDT, Northwestern University, and ADRIANO A. RAMPINI, Duke University--Financing Shortfalls and the Value of Aggregate Liquidity

KARL V. LINS, University of Utah, HENRI SERVAES, London Business School, and PETER TUFANO, Harvard Business School--What Drives Corporate Liquidity? International Evidence from Survey Data on Strategic Cash and Lines of Credit

Discussants: GREGOR MATVOS, University of Chicago
GUSTAVO MANSO, Massachusetts Institute of Technology
HEITOR ALMEIDA, New York University

Jan. 4, 2:30 pm

AFA

Mispricing and Limits to Arbitrage

Presiding: ANNA SCHERBINA, Harvard Business School

DORON AVRAMOV, University of Maryland, TARUN CHORDIA, Emory University, GERGANA JOSTOVA, George Washington University, and ALEXANDER PHILIPOV, George Mason University--Dispersion in Analysts' Earnings Forecasts and Credit Rating

DAVID A. HIRSHLEIFER, University of California-Irvine, and DANLING JIANG, Florida State University--Commonality in Misvaluation, Equity Financing, and the Cross Section of Stock Returns

TARUN CHORDIA, AMIT GOYAL, Emory University, GIL SADKA, Columbia University, RONNIE SADKA, University of Washington, and LAKSHMANAN SHIVAKUMAR, London Business School--Liquidity and the Post-Earnings-Announcement Drift

DAVID A. LESMOND, Tulane University--The Micro and Macro of Accrual Based Trading Strategies

Discussants: KARL DIETHER, Ohio State University
KENT DANIEL, Goldman Sachs Group, Inc.
AVANIDHAR SUBRAHMANYAM, University of California-Los Angeles
SCOTT RICHARDSON, Barclays

Jan. 4, 2:30 pm

AFA

Which CEOs Matter and When?

Presiding: REBECCA ZARUTSKIE, Duke University

RUDIGER FAHLENBRACH, BERNADETTE A. MINTON, and CARRIE H. PAN, Ohio State University--The Market for Comeback CEOs

STEVEN N. KAPLAN, MARK KLEBANOV, and MORTEN SORENSEN, University of Chicago--Which CEO Characteristics and Abilities Matter?

JESUS M. SALAS, University of Oklahoma--Entrenchment and the Stock Price Reaction to Sudden Executive Deaths

Discussants: DIRK JENTER, Stanford University
CAROLA FRYDMAN, Massachusetts Institute of Technology
FRANCISCO PEREZ-GONZALEZ, University of Texas-Austin

Jan. 4, 2:30 pm

AFA

Options

Presiding: DAVID BATES, University of Iowa

MARK BROADIE, Columbia University, MIKHAIL CHERNOV, London Business School, and MICHAEL S. JOHANNES, Columbia University--Understanding Index Option Returns

PETER F. CHRISTOFFERSEN, KRIS JACOBS, and KARIM MIMOUNI, McGill University--Models for S&P 500 Dynamics: Evidence from Realized Volatility, Daily Returns, and Option Prices

NEIL D. PEARSON, ALLEN M. POTESHMAN, and JOSHUA S. WHITE, University of Illinois at Urbana-Champaign--Does Option Trading Have a Pervasive Impact on Underlying Stock Prices?

GEORGE O. ARAGON, Arizona State University, and J. SPENCER MARTIN, Carnegie Mellon University--Informed Trader Usage of Stock vs. Option Markets: Evidence from Hedge Fund Investment Advisors

Discussants: CHRISTIAN SCHLAG, Goethe University Frankfurt
MICHAEL S. JOHANNES, Columbia University
KERRY BACK, Texas A&M University
NICOLAS P.B. BOLLEN, Vanderbilt University

Jan. 4, 2:30 pm

AFA

Market Making

Presiding: HENDRIK BESSEMBINDER, University of Utah

MICHAEL J. FLEMING and JOSHUA V. ROSENBERG, Federal Reserve Banks--How Do Treasury Dealers Manage their Positions?

ALBERT J. MENKVELD, Free University of Amsterdam--Designated Market Makers for Small-Cap Stocks: Is One Enough?

DAN LI, Carnegie Mellon University--Rounding as Discrimination -- Price Clustering in the OTC Tax-Exempt Bond Market

TERRENCE HENDERSHOTT, University of California-Berkeley, PAMELA C. MOULTON, Fordham University, and MARK S. SEASHOLES, University of California-Berkeley--Market Maker Inventories and Liquidity

Discussants: PRADEEP YADAV, University of Oklahoma
KUMAR VENKATARAMAN, Southern Methodist University
AMY EDWARDS, Securities and Exchange Commission
MARIOS PANAYIDES, Yale University

Jan. 4, 2:30 pm

AREUEA

Housing Policy (R3)

Presiding: EDGAR O. OLSEN, University of Virginia

JOHN E. ANDERSON, University of Nebraska, JEFFREY CLEMENS, Harvard University, and ANDREW HANSON, Syracuse University--Capping the Mortgage Interest Deduction

JOSEPH T.L. OOI, National University of Singapore, C.F. SIRMANS, University of Connecticut, and GEOFFREY K. TURNBULL, Georgia State University--Government Supply of Land in a Dual Market

CHRISTOPHER R. CUNNINGHAM, Federal Reserve Bank of Atlanta and GARY V. ENGELHARDT, Syracuse University -- Housing Mobility and TRA97

SHAUN A. BOND, PETER TYLER, University of Cambridge, and BEN GARDINER, Cambridge Econometrics -- Tax Incidence and Commercial Real Estate Leases

Discussants: DAVID LING, University of Florida

DAVID FRAME, Baruch College, City University of New York

TRACY TURNER, Kansas State University
THOMAS DAVIDOFF, University of California-Berkeley

Jan. 4, 2:30 pm

AREUEA

Housing Search (R2)

Presiding: ABDULLAH YAVAS, Pennsylvania State University

WILLIAM C. WHEATON and NAI JIA LEE, Massachusetts Institute of Technology--Do Housing Sales Drive Housing Prices or the Converse?

JUN ZHANG, Chinese University of Hong Kong, and CHARLES KA YUI LEUNG, City University Of Hong Kong--Housing Markets with Competitive Search

DONALD R. HAURIN, TAYLOR NADAULD, Ohio State University, ANTHONY SANDERS, Arizona State University, and JESSICA L. HAURIN, Stanford University--List Prices, Sale Prices, and Marketing Time

POH HAR NEO, SEOW ENG ONG, National University of Singapore, and TSUR SOMMERVILLE, University of British Columbia--Loss Aversion and Repeated Market Environment

Discussants: YILDIRAY YILDIRIM, Syracuse University
PING WANG, Washington University
PAUL ANGLIN, University of Guelph
DANIEL QUAN, Cornell University

Jan. 4, 2:30 pm

ACES

Energy Issues and Challenges in Emerging Economies (Q4)

Presiding: JOHN BONIN, Wesleyan University

YELENA KALYUZHNOVA, University of Reading, and ALI M. KUTAN, Southern Illinois University-Edwardsville--Determinants of Corruption in Energy-Rich Economies

RICHARD POMFRET, Adelaide University, Australia--Using Energy Earnings to Diversify the Economy: Kazakhstan's Agricultural Promotion Programme

KOEN SCHOORS, Ghent University, Belgium--Russia from Bust to Boom: Oil, Politics or the Ruble?

ULRICH KLUEH, GONZALO PASTOR, and ALONSO SEGURA, International Monetary Fund--Sao Tome and Principe's Experience with the Local Content: Some Possible Lessons for the Caspian Sea Region

Discussants: JOSEF BRADA, Arizona State University

MARIA VAGLIASINDI, World Bank

Jan. 4, 2:30 pm

AFEE

Institutional Analysis of Sectors, Systems, and Trade in the Global Era (O1)

Presiding: GEOFF SCHNEIDER, Bucknell University

PAUL SUSMAN and GEOFFREY SCHNEIDER, Bucknell University--Institutional Challenges and Opportunities in the Development of the Worlds First Worker-Owned Free Trade Zone

JOHN B. HALL, Portland State University, and UDO LUDWIG, Institute for Economics Research, Halle and University of Leipzig--Eastern Germany's Constrained Service Sector Expansion

ARISTIDIS BITZENIS, University of Macedonia, and JOHN MARANGOS, Colorado State University--The Role of Risk as an FDI Barrier to Entry during Transition: The Case of Bulgaria

ERIC R. HAKE, Eastern Illinois University--The Evolution of Corporate Governance and the Expansion of the European Union

P. SAI-WING HO, University of Denver--Fighting for Policy Space to Promote Development: Prebisch, Myrdal, and Singer

Jan. 4, 2:30 pm

AFEE

Topics in the History of Institutional Economics (B2)

Presiding: THOMAS A. SWANKE, Chadron State College

JAMES L. WEBB, University of Missouri-Kansas City--Veblen's Analysis and Pragmatic Inquiry

SHERRY KASPER, Maryville College--Eveline Mabel Burns, Interwar Pluralism and the Founding of Social Security

ROBERT W. DIMAND and ROBERT H. KOEHN, Brock University--Galbraith's Heterodox Teacher: Leo Rogin's Historical Approach to the Meaning and Validity of Economic Theory

CHARLES G LEATHERS, University of Alabama, and J. PATRICK RAINES, Belmont University--Institutional Economics and Behavioral Finance

RANGANATH MURTHY, Bucknell University--Nicholas Georgescu-Roegen, Institutional Economist

Discussant: JOHN F. HENRY, University of Missouri-Kansas City

Jan. 4, 2:30 pm

ASE

Neoliberalism, Inequality, and Religion (D6)

Presiding: ALBINO BARRERA, Providence College

ALBINO BARRERA, Providence College--Why Inequality Matters: Preconditions and Limitations of Allocative Efficiency

ROJHAT BERDAN AVSAR, University of Utah--Neoliberal Autonomy: A Critical Analysis of the "Ownership Society" Rhetoric

BARBARA E. HOPKINS, Wright State University--Class and Gender Bias among the Religious Right and the Rationalization of Inequality

JOHN WISMAN, American University--The Role of Religion and Economic Science in Legitimating Inequality

Discussant: JOHN TIEMSTRA, Calvin College

Jan. 4, 2:30 pm

AERE

Technologies and Trade-offs (Q5)

Presiding: IAN W.H. PARRY, Resources for the Future

DAVID POPP, Syracuse University, and RICHARD NEWELL, Duke University--Where Does Energy R&D Come From? A First Look at Crowding Out from Environmentally-Friendly R&D

TIMO GOESCHL and GRISCHA PERINO, University of Heidelberg--On Backstops and Boomerangs: Environmental R&D under Technological Uncertainty

SJAK SMULDERS, University of Calgary, and CORRADO DI MARIA, University College Dublin--Endogenous Technological Change and the Cost of Environmental Policy

ERIN BAKER, University of Massachusetts-Amherst, LEON CLARKE, University of Maryland-College Park, and EKUNDAYO SHITTU, University of Massachusetts-Amherst--Technical Change and the Marginal Cost of Abatement

Discussants: IAIN COCKBURN, Boston University

CHARLES KOLSTAD, University of California-Santa Barbara

LARRY GOULDER, Stanford University

CAROLYN FISCHER, Resources for the Future

Jan. 4, 2:30 pm

ACE

Spiritual, Human, and Physical Capital: Are They Complementary Factors

in Economic Growth?

Presiding: SARAH HAMERSMA, University of Florida

CARL R. GWIN, Pepperdine University, WAFI HAKIM ORMAN, and CHARLES M. NORTH, Baylor University--Spiritual, Human, and Physical Capital: Are They Complementary Factors in Economic Growth?

BROOKS B. HULL, University of Michigan-Dearborn, and JODY LIPFORD, Presbyterian College--Free Riding, Market Structure, and Member Commitment in South Carolina Churches

JONATHAN GRUBER, Massachusetts Istitute of Technology and NBER and DANIEL M. HUNGERMAN, University of Notre Dame--The Church vs. The Mall: What Happens When Religion Faces Increased Secular Competition?

JOSHUA J. LEWER, Bradley University, R. NICHOLAS GERLICH, West Texas A&M University, and DOYLE LUCAS, Anderson University--The Effects of Religious Adherence and Intensity on Illegal Media File Sharing

Discussants: MICHAEL A. ANDERSON, Washington and Lee University

ROBBIE MOCHRIE, Heriot-Watt University

CHRISTOPHER M. CORNWELL, University of Georgia

PETER G. KLEIN, University of Missouri

Jan. 4, 2:30 pm

Technological Innovations and Social Capital: What Mattered When

Presiding: FARLEY GRUBB, University of Delaware

PRICE FISHBACK, University of Arizona, SHAWN KANTOR, University of California-Merced, and TODD SORENSON, University of Arizona--The New Deal and Diffusion of Tractors in the 1930s

MARTA FELIS-ROTA, London School of Economics and Political Science--Is Social Capital Persistent? Comparative Measurement in the Nineteenth and Twentieth Centuries

DROR GOLDBERG, Texas A&M University--The Dishonest Origins of Modern Currency

PETER MEYER, U.S. Bureau of Labor Statistics--The Airplane as an Open Source Invention

Discussants: ZORINA KHAN, Bowdoin College

WAYNE GROVE, Le Moyne College

FARLEY GRUBB, University of Delaware

PAUL RHODE, University of Arizona

Jan. 4, 2:30 pm

Econometrics (C0)

Presiding: PAUL RUUD, University of California-Berkeley

MATTHEW HARDING, Stanford University, and JERRY HAUSMAN, Massachusetts Institute of Technology--Finite Sample Bias Corrections for IV Estimation with Weak and Many Instruments

SARASWATA CHAUDHURI and ERIC ZIVOT, University of Washington--Testing of Hypotheses in the Presence of Weakly Identified Nuisance Parameters

VICTOR CHERNOZHUKOV, Massachusetts Institute of Technology, IVAN FERNANDEZ-VAL, Boston University, and BLAISE MELLY, University of St. Gallen--Inference on Counterfactual Distributions

PAUL RUUD and JAMES POWELL, University of California-Berkeley--Semiparametric Multinomial Choice and Random Utility Models

Discussants: PATRIK GUGGENBERGER, University of California-Los Angeles

STANISLAV ANATOLYEV, New Economic School

FLAVIO CUNHA, University of Chicago

ROSA MATZKIN, Northwestern University

Jan. 4, 2:30 pm

Applications of Global Games (C7)

Presiding: ANDREA FINICELLI, Bank of Italy

ANDREA FINICELLI, Bank of Italy--Endogenous Information and Credibility of Beliefs in a Global Game

AMIL DASGUPTA, London School of Economics, JAKUB STEINER, University of Edinburg, and COLIN STEWART, University of Toronto--Efficient Dynamic Coordination with Private Learning

ALEXANDER ELBITTAR, CIDE Mexico, RODRIGO HARRISON, Instituto de Economia P.U.C. Chile, and ROBERTO MUNOZ, Departamento de Industrias USM Chile--Network Structure in a Link Formation Game

Jan. 4, 2:30 pm

Exporters and Multinationals (F1)

Presiding: MARC-ANDREAS MUENDLER, University of California-San Diego

JÖRN KLEINERT, University of Tübingen, and FARID TOUBAL, University of Paris 1, Panthéon-Sorbonne--Dissecting FDI

ROBERTO ALVAREZ, Central Bank of Chile, HASAN FARUQ, and RICARDO A. LOPEZ, Indiana University--New Products in Export Markets: Learning from Experience and Learning from Others

SASCHA O. BECKER, LMU Munich, CESifo and IZA, KAROLINA EKHOLM, Stockholm University, CEPR and CESifo, and MARC-ANDREAS MUENDLER, University of California-San Diego and CESifo--Offshoring and the Onshore Composition of Occupations, Tasks and Skills

RONALD DAVIES, University of Oregon, PEHR-JOHAN NORBACK, Research Institute of Industrial Economics, Stockholm, and AYCA TEKIN-KORU, Oregon State University--Effects of Bilateral Tax Treaties on the Export Intensity of Foreign Affiliates

Discussants: COSTAS ARKOLAKIS, University of Minnesota and Yale University

THOMAS CHANEY, University of Chicago

Jan. 4, 2:30 pm

Information Economics (D8)

Presiding: STEVEN MATTHEWS, University of Pennsylvania

CHARLES BLACKORBY and DEZSÖ SZALAY, University of Warwick--Multidimensional Screening, Affiliation, and Full Separation

SERGIO CURRARINI, University of Venezia, MATTHEW O. JACKSON, Stanford University, and PAOLO PIN, University of Venezia--An Economic Model of Friendship: Diversity, Minorities and Integration

MICHAEL MANDLER, Royal Holloway College, University of London--The Fragility of Information Aggregation in Large Elections

STEVEN A. MATTHEWS, University of Pennsylvania--Smooth Monotone Games of Contribution

Jan. 4, 2:30 pm

The Pricing of Market Variance and Jump Risk (G1)

Presiding: TORBEN ANDERSEN, Northwestern University

JONATHAN WRIGHT and HAO ZHOU, Federal Reserve Board--Bond Risk Premia and Realized Jump Volatility

HAITAO LI, University of Michigan, and FENG ZHAO, Rutgers University--Nonparametric Estimation of State-Price Densities Implicit in Interest Rate Cap Prices

JEFFERSON DUARTE, University of Washington, and CHRISTOPHER S. JONES, University of Southern California--The Price of Market Volatility Risk

TORBEN G. ANDERSEN, Northwestern University, and OLEG BONDARENKO, University of Illinois-Chicago--The Pricing of Variance Risk in the U.S. Treasury Market

Jan. 4, 2:30 pm

New Faces in Econometrics (C0)

Presiding: AZEEM SHAIKH, University of Chicago

RUSTAM IBRAGIMOV, Harvard University, and ULRICH K. MULLER, Princeton University--t-statistic Based Correlation and Heterogeneity Robust Inference

ANNA MIKUSHEVA, Massachusetts Institute of Technology--One-Dimensional Inferences in Autoregressive Models in a Potential Presence of a Unit Root

ANDRES SANTOS, University of California-San Diego--Instrumental Variables Methods for Recovering Continuous Linear Functionals

JAY BHATTACHARYA, Stanford University, AZEEM M. SHAIKH, University of Chicago, and EDWARD VYTLACIL, Columbia University--Treatment Effect Bounds: An Application to Swan-Ganz Catheterization

Discussants: BRENDAN BEARE, Oxford University

GIUSEPPE RAGUSA, University of California-Irvine

Jan. 4, 2:30 pm

International Migration and Sending Countries (O1)

Presiding: GORDON HANSON, University of California-San Diego

CATIA BATISTA, University of Oxford, AITOR LACUESTA, Bank of Spain, and PEDRO C. VICENTE, CSAE and University of Oxford--Brain Drain and Brain Gain: Evidence from an African Success Story

PABLO ACOSTA, Andean Development Corporation (CAF)--Occupational Choice, Migration and Remittances in El Salvador

HYEJIN KU, Cornell University--Migration as Price Arbitrage: Evidence from Mexican Workers in the U.S.

DAVID MCKENZIE, World Bank, and HILLEL RAPOPORT, Bar-Ilan University--Self-selection Patterns in Mexico-U.S. Migration: The Role of Migration Networks

Discussants: MICHAEL CLEMENS, Center for Global Development

DEAN YANG, University of Michigan

GORDON HANSON, University of California-San Diego

PIA ORRENIUS, Federal Reserve Bank of Dallas

Jan. 4, 2:30 pm

ESA

Voluntary Funding of Public Goods: Field Experiments in Charitable Giving (C9)

Presiding: ERIN L. KRUPKA, Institute for the Study of Labor (IZA)

ERIN L. KRUPKA, Institute for the Study of Labor, and RACHEL CROSON, University of Texas-Dallas--Priming Pro-Social Behavior: A Field Experiment in Public Library Fundraising

JEN (YUE) SHANG, Indiana University and RACHEL CROSON, University of Texas-Dallas--Social Networks and Charitable Giving

STEPHAN MEIER, Federal Reserve Bank of Boston-- Long-Run Effects of Fundraising Activities

CRAIG LANDRY, East Carolina University, ANDREAS LANGE, University of Maryland, JOHN A. LIST, University of Chicago, MICHAEL K. PRICE, University of Nevada-Reno, and NICHOLAS RUPP, East Carolina University--A Hidden Cost of Incentives: Evidence from a Natural Field Experiment

Jan. 4, 2:30 pm

HERO

Health Care Reform in the 2008 Election: A Political Economic Perspective

Presiding: HENRY AARON, Brookings Institution

DOUGLAS HOLTZ-EAKIN, John McCain 2008

CHRIS JENNINGS, Jennings Associates

MARK MCCLELLAN, Brookings Institution

KEN THORPE, Emory University

Jan. 4, 2:30 pm

IOS

Empirical Industrial Organization (L0)

Presiding: CHRISTOPHER SNYDER, Dartmouth College

KATHERINE HO, Columbia University, and JULIE HOLLAND MORTIMER, Harvard University-- The Effects of Full-Line Forcing Contracts

CHRISTOPHER KNITTEL, University of California-Davis, and VICTOR STANGO, Dartmouth College--Outsourcing, Product Mix and Productivity

JOSEPH DOYLE, Massachusetts Institute of Technology, ERICH MUEHLEGGER, Harvard University, and KRISLERT SAMPHANTHARAK, University of California-San Diego--Edgeworth Cycles in Gasoline Markets

JAKUB KASTL, Stanford University and JOZSEF MOLNAR, Bank of Finland--Self-Advertising in Media: Empirical Evidence from the Hungarian Female Magazine Market

Discussants: STEPHEN MARTIN, Purdue University

LAWRENCE WHITE, New York University

ROBERT MASSON, Cornell University

KENNETH BOYER, Michigan State University

Jan. 4, 2:30 pm

IAFFE

New Research on Sexual Orientation and Economic Outcomes (J1)

Presiding: SHOSHANA GROSSBARD, San Diego State University

LEE BADGETT, University of Massachusetts-Amherst and University of California-Los Angeles-- Why Marry? Evidence from Same-Sex Couples in Europe on the Impact of Financial Incentives on the Marriage Decision

CHRISTOPHER JEPSEN, University of Kentucky, and LISA JEPSEN, University of Northern Iowa--Does Homeownership Vary by Sexual Orientation?

CHRISTOPHER CARPENTER, University of California-Irvine--Sexual Orientation, Work, and Income in Canada

MARIEKA KLAWITTER, University of Washington--The Effects of Sexual Orientation and Marital Status on How Couples Hold Their Money

Discussants: SHOSHANA GROSSBARD, San Diego State University

MARTA MURRAY-CLOSE, University of Michigan

MICHAEL STEINBERGER, Pomona College

SHELLY LUNDBERG, University of Washington

Jan. 4, 2:30 pm

IEFS

Are International Frictions Helpful in Resolving Open Economy Macroeconomic Puzzles?

Presiding: MARIO J. CRUCINI, Vanderbilt University

PATRICK J. KEHOE, Federal Reserve Bank of Minneapolis and University of Minnesota, and VIRGILIU MIDRIGAN, Federal Reserve Bank of Minneapolis and New York University--Can Heterogeneity in Price Stickiness Account for the Dispersion in the Law of One Price Deviations?

JIANDONG JU, University of Oklahoma, and SHANG-JIN WEI, International Monetary Fund--Entrepreneur Heterogeneity, Financial Contact, International Trade and Capital Flows

INDRIT HOXHA, SEBNEM KALEMLI-OZCAN, and DIETZ VOLLRATH, University of Houston--International Financial Integration, Allocative Efficiency, and Economic Growth

VADYM VOLOSOVYCH, Florida Atlantic University--Financial Markets Integration, Risk Sharing and Investor Protection: Theory and Evidence

Discussants: MOTOTSUGU SHINTANI, Vanderbilt University

JAY C. SHAMBAUGH, Dartmouth College

DAVID C. PARSLEY, Vanderbilt University

LUIS MARQUES, University of Rochester

Jan. 4, 2:30 pm

ITFA

Issues in Globalization (Roundtable) (F0)

Presiding: MAX KREININ, Michigan State University

MAX KREININ, Michigan State University--Introduction

ANDREW F. BRIMMER, Brimmer and Company--Financial Institutions in the Age of Globalization

HARRY HOLZER, Georgetown University and Urban Institute--Globalization and Employment Outcomes in the United States

ANNE KRUEGER, Johns Hopkins University (SAIS)--The Nature of Globalization

RAUL MONCARZ, Florida International University--Latin American Responses to Financial Globalization

SCHEHERAZADE REHMAN, George Washington University--Middle East Economic Development and Integration in the Global Economy

DOMINICK SALVATORE, Fordham University--Why is Europe Growing so Slowly?

ALFRED E. ECKES, Ohio University--Commentary

Jan. 4, 2:30 pm

LERA

Assessing the Efficacy of "Union Organizing" Strategies in Union

Presiding: GREGOR GALL, University of Hertfordshire

JACK FIORITO, Florida State University--Union Organising and Union Revitalization in the United States

JOSEPH B. ROSE, McMaster University, Canada--Union Organizing and Union Revitalization in Canada

MARK STUART, University of Leeds--Assessing Union Organizing in the UK: Caught Between a Rock and a Hard Place

RAE COOPER, University of Sydney--Organising in Hard Times: Australian Union Strategy 1996-2006

Discussants: JOHN KELLY, University of London

Jan. 4, 2:30 pm

LERA

Using Industry Studies to Study the Impact of Globalization and Possible

Policy Responses

Presiding: GAIL PESYNA, Alfred P. Sloan Foundation

CLAIR BROWN, University of California-Berkeley--Is Globalization Hurting U.S. High-Tech Professional Workers?

SUSAN HELPER, Case Western Reserve University--Globalization and Value-creation Architecture: a Missing Link?

TIM STURGEON, Massachusetts Institute of Technology--Garbage in, Garbage out: How Better Industry Studies Can Improve the Offshoring Debate

ROSEMARY BATT, Cornell University--Large Scale Globalization Research: Evidence from Call Centers

DAVID WEIL, Boston University--Linking Data and Institutions to Study Labor Market Enforcement: Results from a 5-Year Effort

Jan. 4, 2:30 pm

LERA

Public Sector Employment: Leading or Lagging the "American Dream" in a

Global Economy

Presiding: JOEL CUTCHER-GERSHENFELD, University of Illinois-Urbana-Champaign

Pro Team:

PAULA VOOS, Rutgers University

TERESA GHILARDUCCI, University of Notre Dame

MARLENE KIM, University of Massachusetts

Con Team:

MARICK MASTER, University of Pittsburgh

ROBERT TOBIAS, America's University

DAVID LEWIN, University of California-Los Angeles

Jan. 4, 2:30 pm

MEEA/IAEE

Oil and Energy Issues (Q4)

Presiding: SERDAR SAYAN, TOBB University of Economics and Technology

MOHAMED ABDELAZIZ, GEORGIOS CHORTAREAS, and ANDREA CIPOLLINI, University of Essex -- Stock Prices, Exchange Rates, and Oil: Evidences from Middle East Oil-Exporting Countries

SHAWKAT HAMMOUDEH, Drexel University, RAMAZAN SARI, Abant Izzet Baysal University, and EISA ALEISA, International Monetary Fund--Do Oil-Rich GCC Countries Finance US Current Account Deficit?

   JOYCE M. DARGAY, University of Leeds, DERMOT GATELY, New York University, and HILLARD G. HUNTINGTON, Stanford University--Determinants of World Oil Demand, 1971-2006

      PETER HARTLEY, KENNETH MEDLOCK III and JAMES A. BAKER III, Rice University--Empirical Evidence on the Operational Efficiency of National Oil Companies

NATHAN BALKE, Southern Methodist University, STEPHEN BROWN and MINE K. YUCEL, Federal Reserve Bank of Dallas--Globalization and Oil Prices: Demand versus Supply Shocks

Discussants: RIZA DEMIRER, Southern Illinois University-Edwardsville

HADI SALEHI ESFAHANI, University of Illinois-Urbana-Champaign

GOKHAN OZERTAN, Bogazici University

AHMET FARUK AYSAN, Bogazici University

MEHMET SERKAN TOSUN, University of Nevada-Reno

Jan. 4, 2:30 pm

NAEE/NCEE

Economics Education: Curriculum and Pedagogy (A2)

Presiding: WILLIAM BOSSHARDT, Florida Atlantic University

JODY HOFF, Federal Reserve Bank of San Francisco, and JANE LOPUS, California State University-East Bay --The Effects of the Open and Operating Curriculum Program on Learning High School Economics: Alternative Assessment Strategies.

BRIAN PETERSON, Central College--The Wal-Mart Effect: Teaching Principles of Microeconomics with Wal-Mart

K. K. FUNG and VETI COMESONGSRI, University of Memphis--Using Collabics to Manage Economics Writing Assignments for Large Classes

MOHAMMAD ASHRAF, University of North Carolina at Pembroke--The Behavior of Utility Maximizing Members in a Classroom Group Project: Implications of the Envelope Theorem

Discussants: MARCELO CLERICI-ARIAS, Stanford University

TIMOTHY DIETTE, Washington and Lee University

DANIEL TALLEY, Dakota State University

LOUIS JOHNSTON, College of Saint Benedict/Saint John's University

Jan. 4, 2:30 pm

NAFE

Forensic Economics I (K4)

Presiding: WILLIAM M. G. PEARSON, Spectrum Economics, Inc.

GARY R. SKOOG, Legal Econometrics, Inc. and De Paul University, and JAMES CIECKA, De Paul University--The Dynamic Structure of the Present Value Function

LAWRENCE M. SPIZMAN, State University of New York-Oswego, and MARC WEINSTEIN, Team Econometrics, LLC--Geometric v. Arithmetic: Which Mean Should the Forensic Economist Utilize?

KEVIN E. CAHILL, Analysis Group, Inc., MICHAEL D. GIANDREA, U.S. Bureau of Labor Statistics, and JOSEPH F. QUINN, Boston College--The Role of Re-entry in the Retirement Process

Discussants: EDWARD FOSTER, University of Minnesota

PRIYANKA SINGH, University of Texas-Dallas

BARRY BEN-ZION, Consulting Economist

Jan. 4, 2:30 pm

NEA

Is Diversity Enough to Increase the Doctorate to Faculty Pipeline: The Influence of Earnings and Professional Development (I2)

Presiding: RHONDA VONSHAY SHARPE, University of Vermont

LISA DICKSON, University of Maryland-Baltimore County--Is Diversity Enough to Increase the Doctorate to Faculty Pipeline: The Influence of Earnings and Professional Development

CHARLES BECKER, Duke University and GREGORY PRICE, Jackson State University--Curriculum Intensity in Graduate Preparatory Programs: Impacts on Performance and Progression to Graduate Study Among Minority Students in Economics

WILLIAM DARITY, Duke University, RHONDA VONSHAY SHARPE, University of Vermont, and OMARI SWINTON, Duke University--Is There Value Added from Postdoctoral Fellowships in the Social Sciences?

Discussants: CECILIA A. CONRAD, Pomona College

WILLIAM RODGERS, III, Rutgers University

Jan. 4, 2:30 pm

NTA

What Can Experimental Economics Teach Us About Public Finance? (H2)

Presiding: SETH H. GIERTZ, Congressional Budget Office

JAMES ALM and DAVID SJOQUIST, Georgia State University--Experimental Tests of the "Flypaper Effect"

DIRK ENGELMANN, University of London, and NIKOS NIKIFORAKIS, University of Melbourne--Punishment and Feuds in Public Goods Games in the Laboratory

TODD CHERRY and MICHAEL MCKEE, Appalachian State University--Voter Responses to Congested Public Goods: Raise Taxes versus Ration Access?

CATHERINE ECKEL, PHILIP GROSSMAN, and SHERRY XIN LI, University of Texas-Dallas--Giving to Government: Voluntary Taxation in the Lab

Discussants: SUSAN LAURY, Georgia State University

CHRISTIAN VOSSLER, University of Tennessee-Knoxville

Jan. 4, 2:30 pm

NAEFA

Central Bank Communication and Financial Markets (E5)

Presiding: BRIAN MADIGAN, Federal Reserve Board

MICHAEL EHRMANN and MARCEL FRATZSCHER, European Central Bank--Social Value of Public Information -- Testing the Limits of Transparency

DAVID-JAN JANSEN, De Nederlandsche Bank, and JAKOB DE HAAN, University of Groningen and CESifo--The Importance of Being Vigilant: How Effective has ECB Communication Been in Influencing Euro Area Inflation Expectations?

CARLO ROSA, London School of Economics, Ente Luigui Einaudi, and Institute for the World Economy, and GIOVANNI VERGA, University of Parma--What Moves Market Interest Rates: The ECB or the Fed?

OZER KARAGEDIKLI, Reserve Bank of New Zealand, and PIERRE SIKLOS, Wilfrid Laurier University--It's a Question of Style: Central Bank Communication and the Exchange Rate? New Zealand vs Australia

Discussants: ROBERT CHIRINKO, University of Illinois-Chicago

WILLIAM ENGLISH, Federal Reserve Board

BRIAN MADIGAN, Federal Reserve Board

ELLIS TALLMAN, Federal Reserve Bank of Atlanta

Jan. 4, 2:30 pm

SGE

Behavioral Effects of Tax Policy

Presiding: PAM MOOMAU, Joint Committee on Taxation

GERALD AUTEN and DAVID JOULFAIAN, U.S. Department of the Treasury--The Taxable Income Elasticity Revisited: Evidence from a Long Panel

ITHAI LURIE and BRADLEY HEIM, U.S. Department of the Treasury--Do Increased Premium Subsidies Affect How Much Health Insurance Is Purchased? Evidence from the Self-Employed

BRADLEY HEIM, U.S. Department of the Treasury--The Responsiveness of Reported Self-Employment Income to Tax Rate Changes

THORNTON MATHESON, U.S. Department of the Treasury--The Effect of the Corporate Income Tax on Leverage in Public Corporations

Discussants: LEN BURMAN, Urban Institute

WILLIAM GENTRY, Williams College

Jan. 4, 2:30 pm

TPUG

Competition and Technology in Transportation

Presiding: JEFFREY P. COHEN, University of Hartford

JAN BRUECKNER and VIVEK PAI, University of California-Irvine--Technological Innovation in the Airline Industry: The Impact of Regional Jets

W. DAVID WALLS and LASHENG YUAN, University of Calgary--Organization, Strategy, and Competition in Transportation Networks

KEVIN HENRICKSON, Gonzaga University, and WESLEY WILSON, University of Oregon--Market Dominance and Competition: A Study of Spatial Price Discrimination in Rail Markets

JIA YAN, Washington State University, XIAOWEN FU, Hong Kong Polytechnic University, and TAE OUM, University of British Columbia--Market Power, Product Differentiation, and Hub Premium

Discussants: ROBERT WINDLE, University of Maryland

KEN BUTTON, George Mason University

ANDREW HAUGHWOUT, Federal Reserve Bank of New York

JOHN HOWARD BROWN, Georgia Southern University

Jan. 4, 2:30 pm

URPE

Issues in Development, Finance and Institutional Economics (O1)

Presiding: EDWARD NELL, New School for Social Research

PHIL O'HARA, Curtin University--Social Structures of Accumulation Theory and Empirics: Reassessment, Reconstruction, and Future Research

CAMERON M. WEBER, New School of Social Research--Questioning Development Orthodoxy

RAMAA VASUDEVAN, Colorado State University--From the Gold Standard to the Floating Dollar Standard: The Relevance of Marx's Conception of World Money

MATIAS VERNENGO and YONGBOK JEON, University of Utah--Verdoorn Effects in the U.S. Economy

Discussants: SCOTT CARTER, University of Tulsa

LAURIE JOHNSON, University of Denver

CHRISTOPHER RUDE, York University

Jan. 4, 4:45 pm

AEA

Richard T. Ely Lecture

Presiding: AVINASH DIXIT, Princeton University

SIR NICHOLAS STERN, HM Treasury, UK Government--Economics of Climate Change

Jan. 4, 6:00 pm

AFEA

Presidential Address and General Meeting

Jan. 4, 7:00 pm

AAEA

T.W. Schultz Memorial Dinner and Keynote Address

Presiding: ROBERT EVENSON, Yale University, and WALLACE HUFFMAN, Iowa State University

DANIEL MCFADDEN, University of California-Berkeley

Saturday, January 5, 2008

Jan. 5, 7:45 am

ASE

Presidential Breakfast

Presiding: JOHN B. DAVIS, Marquette University and University of Amsterdam

JOHN P. TIEMSTRA, Calvin College--Rethinking the Costs of Economic Growth

Jan. 5, 8:00 am

AAEA

Growth, Globalization, and Nutrition and Health Standards in Food Markets (I1)

Presiding: SCOTT ROZELLE, Stanford University

JOHAN SWINNEN, University of Leuven (KUL)--The Political Economy of Nutrition and Health Concerns and Regulations in Food Markets

SCOTT ROZELLE, Stanford University, and JIKUN HUANG--Changes In Food Standards With Growth: Evidence from The Horticultural Revolution in China

BART MINTEN, IFPRI-New Delhi Office--On the Benefits of Improving Food Standards in Poor Economies: Evidence from Madagascar

Discussant: TERRY ROE, University of Minnesota

Jan. 5, 8:00 am

AEA

The Subprime Mortgage Crisis

Presiding: To be announced.

ALAN BLINDER, Princeton University

PAUL KRUGMAN, Princeton University

NOURIEL ROUBINI, New York University

ROBERT SHILLER, Yale University

Jan. 5, 8:00 am

AEA

Neuroeconomic Models of Economic Decision-Making

Presiding: B. DOUGLAS BERNHEIM, Princeton University

ANTONIO RANGEL, CalTech and NBER--The Role of Computation Time in the Construction of Decision Values

ANDREW CAPLIN, MARK DEAN, and PAUL GLIMCHER, New York University--Neuroeconomics: Axioms and Experiments

ISABELLE BROCAS and JUAN D. CARILLO, University of Southern California and CEPR--The Architecture of the Brain: Conflicts and Constraints

Discussants: DAVID LAIBSON, Harvard University

DREW FUDENBERG, Harvard University

ALBERTO BISIN, Harvard University

Jan. 5, 8:00 am

AEA

Better Living through Economics: III

Presiding: JOHN SIEGFRIED, Vanderbilt University

MICHAEL BOSKIN, Stanford University--Price Indexes

JOHN B. TAYLOR, Stanford University--Monetary Policy

ANNE KRUEGER, Johns Hopkins University--Trade Liberalization

Discussants: JERRY HAUSMAN, Massachusetts Institute of Technology

LAURENCE MEYER, Macroeconomic Advisers, Inc.

DOUGLAS IRWIN, Dartmouth College

Jan. 5, 8:00 am

AEA

Empirical Work on Asymmetric Information in Insurance Markets

Presiding: AMY FINKELSTEIN, Massachusetts Institute of Technology

PIERRE-ANDRE CHIAPPORI and BERNARD SALANIE, Columbia University--Modeling Competition and Market Equilibrium under Asymmetric Information: Empirical Issues

ALESSANDRO LIZZERI, New York University, and IGAL HENDEL, Northwestern University--Who Commits to Long-Term Contracts? How Much Does It Cost? The Case of Life Insurance

DAVID CUTLER, Harvard University, AMY FINKELSTEIN, Massachusetts Institute of Technology, and KATHLEEN MCGARRY, University of California-Los Angeles--Preference Heterogeneity in Insurance Markets

Discussants: LIRAN EINAV, Stanford University

HANMING FANG, Yale University

TOMAS PHILIPSON, University of Chicago

Jan. 5, 8:00 am

AEA

Do We Have Enough Merit Goods: A Symposium in Honor of Richard Musgrave

Presiding: BARBARA R. BERGMANN, American University

HENRY AARON, Brookings Institution

JAMES HINES, University of Michigan

DUTCH LEONARD, Harvard University

JOSEPH NEWHOUSE, Harvard Universitry

WALLACE OATES, University of Maryland

PEGGY MUSGRAVE, University of California-Santa Cruz

Jan. 5, 8:00 am

AEA

Dynamic Bargaining and Coalition Formation (C7)

Presiding: MUHAMET YILDIZ, Massachusetts Institute of Technology

ALP SIMSEK and MUHAMET YILDIZ, Massachusetts Institute of Technology--Durability of Bargaining Power and Deadline Effect

WILLIAM FUCHS, University of Chicago, and ANDRZEJ SKRZYPACZ, Stanford University--Bargaining with Arrival of New Traders

DARON ACEMOGLU, Massachusetts Institute of Technology, GEORGY EGOROV, Harvard University, and KONSTANTIN SONIN, New Economic School--Dynamics and Stability of Constitutions, Coalitions, and Clubs

ATTILA AMBRUS and SHIH-EN LU, Harvard University--Fixed Deadline Multilateral Bargaining with Random Arrival Times

Discussants: ANDRZEJ SKRZYPACZ, Stanford University

GEORGY EGOROV, Harvard University

ATTILA AMBRUS, Harvard University

MUHAMET YILDIZ, Massachusetts Institute of Technology

Jan. 5, 8:00 am

AEA

Agglomeration and Wages (R0)

Presiding: EDWARD L. GLAESER, Harvard University

EDWARD L. GLAESER, Harvard University--Agglomeration and Wages: Opening Remarks

WILLIAM STRANGE, University of Toronto, MARIGEE BACOLOD, University of California-Irvine, and BERNARDO BLUM, University of Toronto--Skills in the City: A Hedonic Approach to the Urban Wage Premium

GILLES DURANTON, University of Toronto, PIERRE-PHILIPPE COMBES, GREQAM - University of Aix-Marseille, and LAURENT GOBILLON, Institut National d'Etudes Démographiques--Spatial Wage Disparities: Sorting Matters!

STEPHEN L. ROSS, University of Connecticut, and SHIHE FU, Southwestern University of Finance and Economics--Wage Premia in Employment Clusters: Agglomeration Economies or Worker Heterogeneity?

Discussants: JAMES B. REBITZER, Case Western Reserve University

STUART S. ROSENTHAL, Syracuse University

DAN A. BLACK, University of Chicago

Jan. 5, 8:00 am

AEA

Optimal Policy in New DSGE Environments (D6)

Presiding: SANJAY CHUGH, University of Maryland

STEPHANIE SCHMITT-GROHE and MARTIN URIBE, Duke University--Comparing Two Variants of Calvo-Type Wage Stickiness

ESTER FAIA, University of Rome--Ramsey Monetary Policy with Labor Market Frictions

DAVID ARSENEAU and SANJAY CHUGH, Federal Reserve Board--Optimal Fiscal and Monetary Policy with Costly Wage Bargaining

BORAGAN ARUOBA, University of Maryland, and SANJAY CHUGH, Federal Reserve Board--Optimal Fiscal and Monetary Policy When Money is Essential

Discussants: DALE HENDERSON, Federal Reserve Board

SANJAY CHUGH, University of Maryland

THOMAS LUBIK, Federal Reserve Bank of Richmond

STEFANIA ALBANESI, Columbia University

Jan. 5, 8:00 am

AEA

Lab and Field Experiments on Ethnic Differences (C9)

Presiding: TOMOMI TANAKA, Arizona State University

MARCO CASTILLO, Georgia Institute of Technology, RAGAN PETRIE, Georgia State University, and MAXIMO TORERO, International Food Policy Research Institute--Ethnic and Social Barriers to Cooperation: Experimental Evidence of the Extent and Nature of Discrimination in Urban Peru

CARMIT SEGAL, Harvard Business School, MURIEL NIEDERLE, Stanford University, RAGAN PETRIE, Georgia State University, and LISE VESTERLUND, University of Pittsburgh--Race Differences in Competitive Attitudes

TOMOMI TANAKA, Arizona State University, COLIN CAMERER, California Institute of Technology, and QUANG NGUYEN, University of Hawaii--Status, Ethnicity, and Wealth in Vietnam: Evidence from Experimental Games

Discussants: TANYA ROSENBLAT, Wesleyan University

SEDA ERTAC, University of Chicago

ROBERTO WEBER, Carnegie Mellon University

Jan. 5, 8:00 am

AEA

Entry and Industry Dynamics (L1)

Presiding: BRUCE PETERSEN, Washington University

VICTOR AGUIRREGABIRIA, University of Toronto, and CHUN-YU HO, Boston University--A Dynamic Oligopoly Game of the U.S. Airline Industry: Estimation and Policy Experiments

TIMOTHY DUNNE, Federal Reserve Bank of Cleveland, SHAWN KLIMEK, U.S. Census Bureau, MARK ROBERTS, and YI XU, Pennsylvania State University--Market Structure and Industry Dynamics in Service Industries

JAMES BROWN, Montana State University, and BRUCE PETERSEN, Washington University--Public Entrants, Public Equity Finance and Creative Destruction in the High-Tech Sector

BOYAN JOVANOVIC, New York University, and PETER ROUSSEAU, Vanderbilt University--Vintage Organization Capital

Discussants: SHAWN KLIMEK, U.S. Census Bureau

VICTOR AGUIRREGABIRIA, University of Toronto

TIMOTHY DUNNE, Pennsylvania State University

BRUCE PETERSEN, Washington University

Jan. 5, 8:00 am

AEA

Market Segmentation and Asset Prices (G1)

Presiding: HAROLD COLE, University of Pennsylvania

YILI CHIEN, Purdue University, HAROLD COLE, University of Pennsylvania, and HANNO LUSTIG, University of California-Los Angeles--Asset Prices and Consumption Allocations with Heterogeneous Trading Opportunities

FRANCISCO GOMES, London Business School--Fiscal Policy, Asset Pricing and Economic Activity in a Savers-Spenders Economy

FATIH GUVENEN, University of Texas-Austin, and MARTIN SCHNEIDER, New York University--Consumption Risk and Portfolio Choice

MARKUS BRUNNERMEIER, Princeton University, STEFAN NAGEL, Stanford University, and LASSE PEDERSEN, New York University--Carry Trades and Currency Crisis

Discussants: NARAYANA KOCHERLAKOTA, University of Minnesota

DIRK KRUEGER, University of Pennsylvania

URBAN JERMANN, University of Pennsylvania

ADRIEN VERDELHAN, Boston University

Jan. 5, 8:00 am

AEA

Information in General Equilibrium Models of the Business Cycle (E3)

Presiding: BRUCE MCGOUGH, Oregon State University

RICARDO REIS, Princeton University, and GREGORY MANKIW, Harvard University--Sticky InformaItion in General Equilibrium

CHRISTIAN HELLWIG, University of California-Los Angeles--Heterogeneous Information and Business Cycle Fluctuations

WILLIAM DUPOR, Ohio State University, TOMIYUKI KITAMURA, and TAKAYUKI TSURUGA, --Do Sticky Prices Need to Be Replaced with Sticky Information?

BRUCE MCGOUGH, Oregon State University, WILLIAM BRANCH, University of California-Irvine, JOHN CARLSON, Federal Reserve Bank of Cleveland, GEORGE EVANS, University of Oregon--Adaptive Learning, Endogenous Inattention, and Changes in Monetary Policy

Discussants: JOHN WILLIAMS, Federal Reserve Bank of San Francisco

BRUCE MCGOUGH, Oregon State University

MARCO MAIRUDO

GIUSEPPE RAGUSA

Jan. 5, 8:00 am

AEA

International Finance and Capital Flows (F3)

Presiding: CHARLES ENGEL, University of Wisconsin

MEHMET CANER and STEVEN HUSTED, University of Pittsburgh--Capital Inflows to Developed Countries

VALERIE CERRA, International Monetary Fund, and SWETA SAXENA, Bank for International Settlements--The Monetary Model Strikes Back: Evidence from the World

MARCO CIPRIANI and GRACIELA KAMINSKY, George Washington University--A New Era of International Financial Integration: Global, Market, and Regional Factors

ANDREW ROSE, University of California-Berkeley--A Stable International Monetary System Emerges: Bretton Woods, Reversed

Discussants: RAMON MORENO, Bank for International Settlements

CHARLES ENGEL, University of Wisconsin

ESWAR PRASAD, Cornell University

MICHAEL DOOLEY, University of California-Santa Cruz

Jan. 5, 8:00 am

AEA

Assignment, Uncertainty and Wage Inequality (D3)

Presiding: LUIS GARICANO, University of Chicago

FLAVIO CUNHA, University of Chicago--Stochastic Volatity in Labor Income Across Schooling Groups

ARNAUD DUPUY, Maastricht University--Educational Self-selection, Tasks Assignment and Rising Wage Inequality

MICHAEL SATTINGER, State University of New York-Albany--Assignment, Hierarchies and Upper Tails

LUIS GARICANO, University of Chicago, and THOMAS HUBBARD, Northwestern University--The Return to Knowledge Hierarchies

Discussants: LINDA WONG, State University of New York-Binghamton

MARKO TERVIÖ, University of California-Berkeley

XAVIER GABAIX, Massachusetts Institute of Technology

GERARD PFANN, Maastricht University

Jan. 5, 8:00 am

AEA

International Migration and Remittances (O1)

Presiding: DEAN YANG, University of Michigan

EDWARD MIGUEL and JOAN HAMORY, University of California-Berkeley--Individual Ability and Selection into Migration in Kenya

NAVA ASHRAF, Harvard Business School, CLAUDIA MARTINEZ, University of Chile, DEAN YANG, and DIEGO AYCINENA, University of Michigan--Remittances and the Problem of Control: A Field Experiment with Migrant Families in El Salvador and Washington, D.C.

MICHAEL KREMER, RYAN BUBB, Harvard University, and DAVID LEVINE, University of California-Berkeley--The Economics of International Refugee Law

DAVID MCKENZIE, World Bank, JOHN GIBSON, University of Waikato, and STEVEN STILLMAN, Motu Economic and Public Policy Research--The Impacts of International Migration on Remaining Household Members: Omnibus Results from a Migration Lottery Program

Discussants: CHRIS WOODRUFF, University of California-San Diego

LANT PRITCHETT, World Bank

SEEMA JAYACHANDRAN, Stanford University

MARK ROSENZWEIG, Yale University

Jan. 5, 8:00 am

AEA

Auctions

Presiding: PRESTON MCAFEE, Caltech and Yahoo Research

JINGFENG LU, National University of Singapore--A Unified Framework for Auctions Design with Identity-Specific and Financial Externalities

LUCIANO DE CASTRO, University of Illinois-Urbana-Champaign--Affiliation, Equilibrium Existence and the Revenue Ranking of Auctions

DANIEL ELFENBEIN and BRIAN MCMANUS, Washington University-St. Louis--A Greater Price for a Greater Good? The Charity Premium in Online Auctions

Discussant: CHARLES ZHENG, Iowa State University

Jan. 5, 8:00 am

AEA

Propagation Mechanisms in Business Cycle Models

Presiding: NOBUHIRO KIYOTAKI, Princeton University

EDWARD KNOTEK II, Federal Reserve Bank of Kansas City--A Tale of Two Rigidities: Sticky Prices in a Sticky-Information Environment

ROGER ALIAGA-DIAZ and MARIA PIA OLIVERO, Drexel University--Macroeconomic Implications of Market Power in Banking