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Allied Social Science Associations Program BOSTON, MA January 3–5, 2015 Contract negotiations, management and meeting arrangements for ASSA meetings are conducted by the American Economic Association. Participants should be aware that the media has open access to all sessions and events at the meetings. i Thanks to the 2015 American Economic Association Program Committee Members Richard Thaler, Chair Severin Borenstein Colin Camerer David Card Sylvain Chassang Dora Costa Mark Duggan Robert Gibbons Michael Greenstone Guido Imbens Chad Jones Dean Karlan Dafny Leemore Ulrike Malmender Gregory Mankiw Ted O’Donoghue Nina Pavcnik Diane Schanzenbach Cover Art—“Melting Snow on Beacon Hill” by Kevin E. Cahill (Colored Pencil, 15 x 20 ); awarded first place in the mixed media category at the ″ ″ Salmon River Art Guild’s 2014 Regional Art Show. Kevin is a research economist with the Sloan Center on Aging & Work at Boston College and a managing director at ECONorthwest in Boise, ID. Kevin invites you to visit his personal website at www.kcahillstudios.com. ii Contents General Information............................... iv ASSA Hotels ................................... viii Listing of Advertisers and Exhibitors ...............xxvii ASSA Executive Officers......................... xxix Summary of Sessions by Organization ..............xxxii Daily Program of Events ............................1 Program of Sessions Friday, January 2 ...........................29 Saturday, January 3 .........................30 Sunday, January 4 .........................145 Monday, January 5.........................259 Subject Area Index...............................337 Index of Participants . 340 iii General Information PROGRAM SCHEDULES A listing of sessions where papers will be presented and another covering activities such as business meetings and receptions are provided in this program. Admittance is limited to those wearing badges. Each listing is arranged chronologically by date and time of the activity. The hotel and room location for each session and function are indicated. CONVENTION FACILITIES Twenty-five hotels are being used for housing. Sessions and other convention functions are in the Hynes Convention Center, Sheraton Boston, Boston Marriott Copley, Westin Copley, and Hilton Boston Back Bay. A map of Boston indicating the locations of the hotels, an alphabetical listing of function rooms within the hotels, and hotel floor plans are in the next section of this book. Registration and Exhibits are located in the Hynes Convention Center. The Sheraton Boston, the Headquarters hotel, is connected to the Hynes. The Job Placement Service, Interview Tables, are located in the Boston Marriott Copley. Details follow. The $45 per night premium for the headquarters hotel is rebated to ASSA to help cover the cost of the meetings. REGISTRATION Everyone must register including speakers, discussants, and administrators who will be occupying an ASSA hotel room at the convention rate. Identification badges are required for admission to all sessions and activities. On-site and preregistrants may pick up their registration packets in the Hall D Foyer, Second Level of the Hynes Convention Center. Sheraton Boston connects to Hynes, Hall D on the Third Floor of the Sheraton. On-site registration fee is $115. Full time student registration fee is $45. Preregistration and On-site registration booths are open as follows:: Friday, January 2 2:00 pm to 9:00 pm* Saturday, January 3 7:45 am to 5:00 pm* Sunday, January 4 8:00 am to 5:00 pm* Monday, January 5 8:00 am to 1:00 pm Sheraton Boston, Second Floor ( ) *On-site registration line closes fifteen minutes prior to closing each day. SPOUSES There is no spouse program. Spouses wishing to attend any of the meetings may register as a guest for $45. If your spouse needs an affiliation on his/her badge, he/ she must register separately and pay the full fee. iv PROFESSIONAL PLACEMENT SERVICE Interview tables are located in the Boston Marriott Copley, Third Floor, Back Bay Conference & Exhibition Center. Hours are four full days, from 8:00 am to 5:00 pm. Everyone admitted to the interviewing tables (including interviewers) must register. There is no on-site placement registration nor will there be an on-site message exchange center. All correspondence should take place using email, including interview scheduling, prior to your arrival in Boston. However, on-site contact can be conducted by using the ASSA online hotel directory available at www. vanderbilt.edu/AEA and click on Annual Meeting or you may download the mobile app. You may also check with the Disclosure Code Booth at the Hynes Convention Center, Second Level, Hall D Foyer or in the Boston Marriott Copley, Third Floor, Back Bay Conference & Exhibition Center. ASSA does not provide computers on- site. The Professional Placement Service is conducted and sponsored free of charge through the efforts of the Illinois Department of Employment Security and AEA. EXHIBITS Exhibits are located in Hynes Convention Center, Hall D, Second Level. The Exhibit area may be visited during the following hours: Saturday, January 3 9:00 am to 6:00 pm Sunday, January 4 9:00 am to 5:00 pm Monday, January 5 9:00 am to 1:00 pm MESSAGE AND INFORMATION CENTER The Message and Information Center is located in the Hynes Convention Center, Hall D Foyer, Second Level, and is open during the following hours: Friday, January 2 2:00 pm to 9:00 pm Saturday, January 3 8:00 am to 5:00 pm Sunday, January 4 8:00 am to 5:00 pm Monday, January 5 8:00 am to 2:00 pm Messages may be transmitted in person or by telephone during these hours. The number to call is 617-954-2943. FEE AND INVITATION EVENTS The “Daily Program of Events” section of this program lists fee and invitation events, membership meetings, and other social functions in chronological order. Events for which a fee is charged or which may be attended by invitation only are noted. Tickets were sold to the following open events: AEA AFA Joint Luncheon Saturday, January 3, 12:30 pm / Sheraton Boston, Grand Ballroom ASE Presidential Breakfast Sunday, January 4, 7:45 am Boston Marriott Copley, Grand Ballroom Salons C&D AEA Luncheon Honoring Sunday, January 4, 12:30 pm the 2013 Nobel Laureates Sheraton Boston, Grand Ballroom AREUEA Presidential Sunday, January 4, 12:30 pm Luncheon Westin Copley, Staffordshire Tickets to each of these events were ordered on the preregistration form. Tickets may be available at the door if an event is not sold out. v CONVENTION STAFF HEADQUARTERS Headquarters for the ASSA Convention is located in the Sheraton Boston, Meeting Planners Office, Second Floor. The hours of operation are: Friday, January 2 2:00 pm to 5:00 pm Saturday, January 3 8:00 am to 5:00 pm Sunday, January 4 8:00 am to 5:00 pm Monday, January 5 8:00 am to 1:00 pm Headquarters staff should be alerted to any problems associated with the operation of the convention. Special notices concerning the program and room changes will be posted there. To reach Convention Headquarters by phone call 617-351-6892. An Information Desk is located in the Boston Marriott Copley, Fourth Floor Atrium and in the Westin Copley, Third Floor, Essex Ballroom Foyer. The information tables are open Friday and Saturday from 8:00 am until 4:00 pm and on Sunday from 8:00 am until 1:00 pm. PRESS Press Registration is located at the Meeting Planners Office (Headquarters), Second Floor, Sheraton Boston. The Press Lounge is on the Third Floor, Kent Room. Press Registration is open during the following hours: Friday, January 2 2:00 pm to 5:00 pm Saturday, January 3 7:30 am to 5:00 pm Sunday, January 4 7:30 am to 5:00 pm Monday, January 5 7:30 am to 12:00 noon BUSINESS CENTERS Boston Marriott Copley 2nd Floor M-F 7:30 am–6:30 pm, Sat 8:30 am–4 pm, & Sun 10 am–4 pm Colonnade Lobby Level 7 am–11 pm Courtyard Boston DT 15th Floor 24 hours DoubleTree Boston DT 1st Floor 24 hours Hilton Back Bay Lobby Café 24 hours Hilton Boston DT Lower Level & 3rd 24 hours Hyatt Regency Boston 3rd Floor (Lobby) 24 hours Hyatt Regency Cambridge 1st Floor 24 hours Hynes Convention Center Level 1 Plaza M-F, 9 am–5 pm, Sat & Sun–TBA (Free Wifi) Revere Hotel Mezzanine 24 hours Ritz-Carlton Boston Lobby & 2nd Floor 24 hours Sheraton Boston (HQ) 2nd Floor 24 hours, staff until 7 pm Taj Boston 3rd Floor 24 hours Westin Copley 2nd Floor 24 hours All other business centers are located on the Lobby Level and are 24 hours except for the Midtown which does not have a business center. Above hours are subject to change. vi DISCLOSURE CODES The Disclosure Code Information Booths are located in the Hynes Convention Center, Second Floor, Hall D Foyer and the Boston Marriott Copley, Third Floor, Back Bay Conference & Exhibition Center. You must know the disclosure code to obtain the room/suite number. Those were distributed by employers. You may also check on the AEA website at www.vanderbilt.edu/AEA and click on Annual Meeting, Disclosure Code Information. CHILDREN’S PROGRAM KiddieCorp will provide a professional children’s program at the Boston Marriot Copley Place. Kiddiecorp has been in business since 1986. Team members are bonded and qualified child care specialists. SHUTTLE ASSA will run a shuttle from the Boston Marriott Cambridge, Boston Omni Parker House, Boston Park Plaza, Courtyard Boston Downtown, DoubleTree Boston Downtown, DoubleTree Suites Boston/Cambridge, Hilton Downtown/Faneuil Hall, Hyatt Regency Boston, Hyatt Regency Cambridge, Le Meridien Cambridge, and Royal Sonesta Cambridge to the Hynes Convention Center. Those staying at the Four Seasons, Taj Boston and Revere should walk to the Boston Park Plaza to catch the shuttle. Those staying at the Langham Boston should walk to the Hilton Downtown/Faneuil Hall, and those staying at the Ritz-Carlton should walk to the Hyatt Regency Boston.