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The Effects Of Education On Health

Assuming that a year of health is worth $75,000 - a relatively conservative value - this translates into about $13,500 to $44,000 in present value. These rough calculations suggest that the health returns to education increase the total returns to education by at least 15 percent, and perhaps by as much as 55 percent.

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Takeover Bids Vs. Proxy Fights In Contests For Corporate ...

Takeover bids vs. Proxy Fights in Contests for Corporate Control Lucian Bebchuk, Oliver Hart. NBER Working Paper No. 8633 Issued in December 2001 NBER Program(s):Corporate Finance Program, Law and Economics Program This paper evaluates the primary mechanisms for changing management or obtaining control in publicly traded corporations with dispersed ownership.

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Effects Of Physician-Directed Pharmaceutical Promotion On ...

Spending on prescription drugs (Rx) represents one of the fastest growing components of U.S. healthcare spending, and has coincided with an expansion of pharmaceutical promotional spending. Most (83%) of Rx promotion is directed at physicians in the form of visits by pharmaceutical representatives ...

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The Theory Of Exchange Rate Determination

been virtually no predictable pattern in monthly exchange rate changes, and, at most, only a small fraction of such changes has been anticipated by the market, as measured by the forward discount or premium. These facts may be summarized in a general characteristic: Monthly changes in exchange

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Negative Nominal Interest Rates: Three Ways To Overcome ...

interest. Historically, this was done by 'clipping coupons' of fixed interest bonds or by stamping the bond document. Paying negative interest on bearer instrument is even harder, because the issuer has to incentivise the holder to come forward to pay the issuer the interest due. The holder is anonymous.

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Archive Of New National Bureau Of Economic Research ...

David Backus, Mikhail Chernov, and Ian Martin #15240 (AP, EFG) Who Pays a Price on Carbon? Corbett A. Grainger and Charles D. Kolstad #15239 (EEE) The Gender Gap in Secondary School Mathematics at High Achievement Levels: Evidence from the American Mathematics Competitions Glenn Ellison and Ashley Swanson #15238 ( ED)

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NBER WORKING PAPER SERIES

determined by the di erence in the volatilities of the permanent components of the stochastic discount factors (SDFs, e.g., the growth rate of the stand-in investor's marginal utility). Therefore, to obtain zero currency carry trade risk premia at the long end of the yield curve, the volatilities of the permanent components need

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White Paper: Pharmaceutical Regulation And Off-Label Uses

White Paper: Pharmaceutical Regulation and Off-Label Uses Jennifer Kao∗ February 21, 2017 Abstract This White Paper reviews the empirical evidence on pharmace utical regulation and private research investments from the health economics and health policy literature regarding off ...

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NUDGING ENERGY EFFICIENCY BEHAVIOR: THE ROLE OF ...

Nudging Energy Efficiency Behavior: The Role of Information Labels Richard G. Newell and Juha V. Siikamaki NBER Working Paper No. 19224 ... We approach this issue by separately eliciting data on individual discount rates so that their role as part of the energy efficiency decision can be assessed, as explained in section 2

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The Social Discount Rate - NBER

The Social Discount Rate Andrew Caplin, John Leahy. NBER Working Paper No. 7983 Issued in October 2000 NBER Program(s):The Public Economics Program In welfare theory it is standard to pick the consumption stream that maximizes the welfare of the representative agent.

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Effects Of Pharmaceutical Promotion: A Review And Assessment

2010 (SK&A 2012), in part due to patent expiration on some major drugs such as Advair, Prevacid, and Lipitor. Promotion of prescription drugs is generally limited to drugs on patent. It includes direct-to-consumer advertising (DTCA) on broadcast and print media as well as direct-to-

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Aging Issues In The United States And Japan

than between promotion and incentives. The difference between promo-tion and wages in terms of their effect oneffort (incentives) can be esti-mated by comparing the empirical results of Model I and Model II. It is likely that these three variables-promotion, incentive, and wages-are jointly determined. In other words, they may be endogenous.

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NBER WORKING PAPER SERIES INTRAHOUSEHOLD ...

nber working paper series intrahousehold resource allocation in cOte d''ivoire: social norms, separate accounts and consumption choices esther duflo

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Hyperbolic Discount Functions, Undersaving, And Savings Policy

Hyperbolic Discount Functions, Undersaving, and Savings Policy David I. Laibson. NBER Working Paper No. 5635 Issued in June 1996 NBER Program(s):Asset Pricing Program Studies of animal and human behavior suggest that discount functions are approximately hyperbolic (Ainslie, 1992).

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HYPERBOLIC DISCOUNT FUNCTIONS, UNDERSAVING, AND ...

Hyperbolic discount functions generate a preference structure which is a special case of the general class of dynamically inconsistent preferences: i.{~., preferences which imply a conflict between the optimal contingent plan from today''s perspective and the optimal decision from tomorrow''s perspective.

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A Comparison Of Programming Languages In Economics

A Comparison of Programming Languages in Economics S. Boraan Aruoba and Jesus Fernandez-Villaverde NBER Working Paper No. 20263 June 2014, Revised July 2014 JEL No. C0,E0 ABSTRACT We solve the stochastic neoclassical growth model, the workhorse of modern macroeconomics, using C++11, Fortran 2008, Java, Julia, Python, Matlab, Mathematica, and R.

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SSA State Codes - National Bureau Of Economic Research

SSA State Codes Author: NCI/DCCPS/ARP Created Date: 20020820104511Z ...

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Fixes: Of The Forward Discount Puzzle - NBER

Fixes: Of The Forward Discount Puzzle Robert P. Flood, Andrew K. Rose. NBER Working Paper No. 4928 Issued in November 1994 NBER Program(s):International Finance and Macroeconomics Program Regressions of ex post changes in floating exchange rates on appropriate interest differentials typically imply that the high- interest rate currency tends to appreciate, the `forward discount puzzle.''

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Potential For Inward Foreign Direct Investment In Japan

Potential for Inward Foreign Direct Investment in Japan Takeo Hoshi, Kozo Kiyota. NBER Working Paper No. 25680 Issued in March 2019 NBER Program(s):Corporate Finance Program, International Trade and Investment Program Promotion of inward foreign direct investment (FDI) into Japan has been an important policy in the Abenomics growth strategy.

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The "Stern Review" On The Economics Of Climate Change

An analysis of the "Stern Review" finds that these recommendations depend decisively on the assumption of a near-zero social discount rate. The Review's unambiguous conclusions about the need for extreme immediate action will not survive the substitution of discounting assumptions that are consistent with today's market place.

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NBER WORKING PAPER SERIES RATIONAL INATTENTION: A A€

forward discount puzzle. Here we formally show that a model with rational inat-tention calibrated to the data can explain the forward bias puzzle. In a companion paper (Bacchetta and van Wincoop, 2005), we show that a similar mechanism can 5The survey data is from Forecasts Unlimited Inc. It is based on monthly forecasts by 43

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Rational Inattention: A Solution To The Forward Discount ...

Rational Inattention: A Solution to the Forward Discount Puzzle Philippe Bacchetta, Eric van Wincoop. NBER Working Paper No. 11633 Issued in September 2005 NBER Program(s):International Finance and Macroeconomics Program The uncovered interest rate parity equation is the cornerstone of most models in international macro.

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National Bureau Of Economic Research

A research organization dedicated to promoting a greater understanding of how the economy works. The NBER is committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community.

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Jean-Pierre H. DubA - NBER

Jean-Pierre H. DubA ... Competitive Price Targeting with Smartphone Coupons with Zheng Fang, Nathan Fong, Xueming Luo: w22067. Published: Jean-Pierre DubA & Zheng Fang & Nathan Fong & Xueming Luo, 2017. "Competitive Price Targeting with Smartphone Coupons," Marketing Science, vol a€

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Competitive Price Targeting With Smartphone Coupons ...

Free Publications Bulletin on Retirement and Disability Bulletin on Health including Archive of Lists of Affiliates' Work in Medical and Other Journals with Pre-Publication Restrictions Archives of Bulletin on a€

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Zheng Fang - Nber.org

Competitive Price Targeting with Smartphone Coupons with Jean-Pierre H. DubA, Nathan Fong, Xueming Luo: w22067 We conduct a large-scale field experiment to study competitive price discrimination in a duopoly market with two rival movie theaters. The firms use mobile targeting to offer different prices based on location and past consumer activity.

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Competitive Price Targeting With Smartphone Coupons

Competitive Price Targeting with Smartphone Coupons Jean-Pierre H. DubA, Zheng Fang, Nathan Fong, Xueming Luo. NBER Working Paper No. 22067 Issued in March 2016 NBER Program(s):The Industrial Organization Program We conduct a large-scale field experiment to study competitive price discrimination in a duopoly market with two rival movie theaters.

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Serguey Braguinsky - National Bureau Of Economic Research

Bidder Discounts and Target Premia in Takeovers with Boyan Jovanovic: w9009. Published: Jovanovic, Boyan and Serguey Braguinsky. "Bidder Discounts And Target Premia In Takeovers," American Economic Review, 2004, v94(1,Mar), 46-56. citation courtesy of

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Bidder Discounts And Target Premia In Takeovers

Bidder Discounts and Target Premia in Takeovers Boyan Jovanovic, Serguey Braguinsky. NBER Working Paper No. 9009 Issued in June 2002 NBER Program(s):Asset Pricing Program, Corporate Finance Program. When a takeover is announced, the sum of the stock-market values of the firms involved often falls, and the value of the acquirer almost always does.

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Discounting Pension Liabilities: Funding Versus Value

Discounting Pension Liabilities: Funding versus Value Jeffrey R. Brown, George G. Pennacchi. NBER Working Paper No. 21276 Issued in June 2015 NBER Program(s):Aging, Asset Pricing, Public Economics We argue that the appropriate discount rate for pension liabilities a€

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Environment And Discount Rates

environmental investment to GDP is higher, and the equilibrium disaster probability is correspondingly smaller. Thus, in this case, lower discount rates and expected real rates of return associate with higher environmental investment, as in the Stern Review literature.

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The Gender Gap In Self-Promotion

The Gender Gap in Self-Promotion Christine L. Exley, Judd B. Kessler. NBER Working Paper No. 26345 Issued in October 2019 NBER Program(s):Economics of Education Program, Labor Studies Program In job applications, job interviews, performance reviews, and a wide range of other environments, individuals are explicitly asked or implicitly invited to assess their own performance.

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NBER WORKING PAPER SERIES $1000 CASH BACK: A€

of the manufacturer-supplied surplus, while in the dealer discount case, the dealer will generally have an informational advantage. The aim of this paper is to compare, in appropriate settings and with appropriate controls, the price outcomes of transactions conducted under these two types of

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School Vouchers: A Survey Of The Economics Literature - NBER

NBER Program(s):Program on Children, ... Studies of large scale voucher programs find student sorting as a result of their implementation, although of varying magnitude. Evidence on both small scale and large scale programs suggests that competition induced by vouchers leads public schools to improve. Moreover, research is making progress on ...

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Another Look At The New York City School Voucher Experiment

Another Look at the New York City School Voucher Experiment Alan B. Krueger, Pei Zhu. NBER Working Paper No. 9418 Issued in January 2003 NBER Program(s):Program on Children, Public Economics Program, Economics of Education Program This paper reexamines data from the New York City school choice program, the largest and best implemented private school scholarship experiment yet conducted.

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Distributional Effects Of A School Voucher Program ... - NBER

Distributional Effects of a School Voucher Program: Evidence from New York City Marianne P. Bitler, Thurston Domina, Emily K. Penner, Hilary W. Hoynes. NBER Working Paper No. a€

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School Choice Raises Demand For Teachers With Select ...

"School choice would ... raise the demand for teachers with select skills: teachers with a high caliber college education, with better math and science skills, with a high degree of independence, and those who put forth extra effort." Hoxby proposes the possibility that school choice ultimately ...

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The Role Of The Government In Promoting Industrialization ...

2. In 1960, North Korea dominated South Korea in terms of production capacity and per capita GNP. Such dominance, however, was reversed in the early 1970s. 3. Export promotion was largely dictated by the need to finance the imports required to build up industrial capacity.

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The Economic Importance Of Financial Literacy: Theory And ...

4 While there is a substantial theoretical and empirical body of work on the economics of education,4 far less attention has been devoted to the question of how people acquire and deploy financial literacy. In the last few years, however, a few authors have begun to explore the

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NBER WORKING PAPER SERIES BIDDER DISCOUNTS AND A€

Bidder Discounts and Target Premia in Takeovers Boyan Jovanovic and Serguey Braguinsky NBER Working Paper No. 9009 June 2002 JEL No. G3 ABSTRACT When a takeover is announced, the sum of the stock-market values of the firms involved often

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Discount Rates NBER Working Paper No. 16972

Discount Rates John H. Cochrane NBER Working Paper No. 16972 April 2011 JEL No. G0 ABSTRACT Discount rate variation is the central organizing question of current asset pricing research.

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Discount Rates - NBER

Discount Rates John H. Cochrane. NBER Working Paper No. 16972 Issued in April 2011 NBER Program(s):Asset Pricing Program, Economic Fluctuations and Growth Program Discount rate variation is the central organizing question of current asset pricing research.

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The Impacts Of The Climate Change Levy On Manufacturing ...

The Impacts of the Climate Change Levy on Manufacturing: Evidence from Microdata Ralf Martin, Laure B. de Preux, and Ulrich J. Wagner NBER Working Paper No. 17446 September 2011 JEL No. D21,Q41,Q48,Q54 ABSTRACT We estimate the impacts of the Climate Change Levy (CCL) on manufacturing plants using panel data from the UK production census.

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Environment And Discount Rates

environmental investment to GDP is higher, and the equilibrium disaster probability is correspondingly smaller. Thus, in this case, lower discount rates and expected real rates of return associate with higher environmental investment, as in the Stern Review literature.

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Do Discount Rates Affect Behaviors Like Saving And Smoking?

Economic theory predicts that the discount rate - the rate at which individuals discount future costs and benefits - will be a critical factor in these decisions. Different people are likely to have different discount rates, since some people are more patient (low discount a€

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Risk-Adjusted Gamma Discounting - NBER

Risk-Adjusted Gamma Discounting Martin L. Weitzman. NBER Working Paper No. 15588 Issued in December 2009 NBER Program(s):The Environment and Energy Program It is widely recognized that the economics of distant-future events, like climate change, is critically dependent upon the choice of a€

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Export Promotion And Employment Growth In South Korea

345 Export Promotion and Employment Growth in South Korea wear, steel plates and sheets, and woven synthetic fabrics joined the list of major exports. In addition, the rapid expansion in Korean ship- ping, tourist services, remittances from Korean workers abroad, and

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