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Working Papers present statistical or technical research conducted by Boston Fed economists and are intended for publication in professional journals. The intended audience is scholars and informed specialists.

Latest Working Papers

No. 09-13
“Financial Leverage, Corporate Investment, and Stock Returns”
by Ali K. Ozdagli

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No. 09-12
“Housing and Debt Over the Life Cycle and Over the Business Cycle”
by Matteo Iacoviello and Marina Pavan

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No. 09-11
“Social and Private Learning with Endogenous Decision Timing”
by Julian Jamison, David Owens, and Glenn Woroch

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No. 09-10
“Estimating the Border Effect: Some New Evidence”
by Gita Gopinath, Pierre-Olivier Gourinchas, Chang-Tai Hsieh, and Nicholas Li

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No. 09-9
“Efficient Organization of Production: Nested versus Horizontal Outsourcing”
by Oz Shy and Rune Stenbacka

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No. 09-8
“Real Estate Brokers and Commission: Theory and Calibrations”
by Oz Shy
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No. 09-7
“Trends in U.S. Family Income Mobility, 1967–2004”
by Katharine Bradbury and Jane Katz
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No. 09-6
“The Optimal Level of Deposit Insurance Coverage”
by Michael Manz
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No. 09-5
“Geographic Variations in a Model of Physician Treatment Choice with Social Interactions”
by Mary A. Burke, Gary M. Fournier, and Kislaya Prasad
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No. 09-4
“Empirical Estimates of Changing Inflation Dynamics”
by Jeff Fuhrer, Giovanni Olivei, and Geoffrey M. B. Tootell
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No. 09-3
“Has Overweight Become the New Normal? Evidence of a Generational Shift in Body Weight Norms”
by Mary A. Burke, Frank Heiland, and Carl Nadler
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No. 09-2
“Another Hidden Cost of Incentives: The Detrimental Effect on Norm Enforcement”
by Andreas Fuster and Stephan Meier
A subsequent version of this paper is forthcoming in Management Science.
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No. 09-1
“Why Are (Some) Consumers (Finally) Writing Fewer Checks? The Role of Payment Characteristics”
by Scott Schuh and Joanna Stavins
A subsequent version of this paper is forthcoming in the Journal of Banking and Finance.

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No. 08-8
“Race, Obesity, and the Puzzle of Gender Specificity”

by Mary A. Burke and Frank Heiland
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No. 08-7
“The Responsiveness of Married Women's Labor Force Participation to Income and Wages: Recent Changes and Possible Explanations”

by Katharine Bradbury and Jane Katz
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No. 08-6
“The Impact of Immigration on Occupational Wages: Evidence from Britain”

by Stephen Nickell and Jumana Saleheen
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No. 08-5
“Classroom Peer Effects and Student Achievement”
by Mary A. Burke and Tim R. Sass
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No. 08-4
“The Value of Risk: Measuring the Service Output of U.S. Commercial Banks”
by Susanto Basu, Robert Inklaar, and J. Christina Wang
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No. 08-3
“Blood Donations and Incentives: Evidence from a Field Experiment”
by Lorenz Goette and Alois Stutzer
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No. 08-2
“Credit Card Debt and Payment Use”
by Charles Sprenger and Joanna Stavins

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No. 08-1
“Designing State Aid Formulas: The Case of a New Formula for Distributing Municipal Aid in Massachusetts”
by Bo Zhao and Katharine Bradbury
A subsequent version of this paper is available in the spring 2009 issue of the Journal of Policy Analysis and Management, vol. 28, no. 2, pp. 278-295.

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Earlier Papers:

 

Abstracts are available online for nearly all Working Papers. Full text of most papers since 1991 are available in portable document format (PDF).

Working Papers not available online may be available in hard copy from the Bank’s Research Library:

Research Library – W
Federal Reserve Bank of Boston
600 Atlantic Avenue
Boston, MA 02210
phone: 617 973-3397
boston.library@bos.frb.org

For questions or feedback about the Working Papers series, please contact:

Suzanne Lorant
Economics Editor
suzanne.lorant@bos.frb.org

For questions or feedback about individual papers, please contact the author(s); contact information for authors appears with the papers and abstracts.

 
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