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NATIONAL BUREAU OF ECONOMIC RESEARCH



2017 Summer Institute Methods Lectures Focus
on Research Avenues Opened by Data Linking

The increasing availability of large administrative data sets from both the public and private sectors has placed new emphasis on the tools and techniques for linking data from multiple sources. NBER Research Associates Martha Bailey (above) of the University of Michigan, John M. Abowd of Cornell University and the U.S. Bureau of the Census, and Joseph Ferrie of Northwestern University explained the possibilities and challenges of data linking in the Methods Lectures series at the 2017 NBER Summer Institute.
                                                                             Videos of the full presentations


New NBER Research

26 September 2017

Who Moves Up the Job Ladder?

Job-to-job moves disproportionately reallocate less-educated workers up the job ladder, John Haltiwanger, Henry Hyatt, and Erika McEntarfer find. Less-educated workers are more likely than the more-educated to leave a job and to take a new one at a better employer in expansions, and they are also more likely to be shaken off the jobs ladder and to become unemployed during contractions.

25 September 2017

The Medical Care Costs of Youth Obesity

Youth obesity raises annual medical care costs by $1,354 per child (in 2013 dollars), Adam I. Biener, John Cawley, and Chad Meyerhoefer estimate. These costs are borne almost entirely by third-party health insurance payers.

22 September 2017

The Housing Boom and Bust in Retrospect

Greg Kaplan, Kurt Mitman, and Giovanni L. Violante find that a large-scale debt forgiveness program would have done little to temper the collapse of house prices and consumer spending associated with the Great Recession, but would have dramatically reduced foreclosures and induced a small, but persistent, increase in consumption during the recovery.
More Research

New in the NBER Reporter

Exploring One of the Great Mysteries
In Environmental and Energy Economics




Analyses have consistently found that individuals and firms often fail to adopt significant privately profitable energy efficiency investments, creating what's known as the energy efficiency gap. But why? Hunt Allcott explores possible reasons in his research, and writes about it in the latest edition of The NBER Reporter. Also featured in the quarterly publication are economists' reports on their work on the asset management industry, price dispersion and bargain hunting in the macroeconomy, the impacts of air pollution, and the development of the American economy.
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Focus on Hurricanes and Climate Change Echoes
Decade-old Research on Storms' Economics


The recent devastation spread by hurricanes Harvey and Irma in the Caribbean, Texas, and Florida, has revived public and media attention to the possible impacts of climate change on weather. (Read about it in The New York Times and The Washington Post.) In a 2006 analysis of the numerous hurricanes and record damage 2005, William D. Nordhaus, in NBER Working Paper No. 12813, documented a rise in the frequency and intensity of tropical cyclones in the North Atlantic, found "substantial vulnerabilities" to intense hurricanes along America's Atlantic coast, and projected billions of dollars in increased costs of annual U.S. hurricane damage.



New in the NBER Digest

Spending on Household Durables and Improvements
Spikes in the Months Surrounding Home Purchases




In the months preceding and following the purchase of a new home, buyers increase spending on home-related durables and home improvement projects. A study in the latest edition of The NBER Digest finds that this translated into a $14.3 billion annual decline in household spending during the Great Recession. Other studies featured in the monthly Digest include an analysis of the roles of scientists and engineers in U.S. industry, a calculation of which colleges best prepare students from low-income families for high-earning careers, an examination of the impact of high-speed internet's arrival in Africa, a look at hiring of women in venture capital firms whose senior partners have more daughters, and a study of the video gaming and work hours of young American men.

                                                                                          Download the PDF


New in the NBER Bulletin on Aging and Health

Incremental U.S. Emission Controls Provide
Setting for Pollution Exposure Study




The U.S. Acid Rain Program introduced in 1995 initially regulated sulfur dioxide output of only the 110 highest emitting power plants, making it possible for researchers to identify long-term effects of pollution exposure on otherwise similar populations. A study summarized in the current edition of the NBER's Bulletin on Aging and Health finds that trends in mortality changed significantly after the onset of the Acid Rain Program between populations near to and far from affected plants, linking reduction in sulfur dioxide emissions to a decline in mortality.

                                                                                          Download the PDF


Robert Merton, Pioneer in Continuous-Time Finance,
Speaks at Long-Term Asset Management Conference

Nobel laureate Robert Merton delivered the keynote address at the second annual NBER Conference on New Developments in Long-Term Asset Management. The conference series, sponsored by Norges Bank Investment Management, the asset management unit of Norway's central bank, explores issues of risk measurement and portfolio selection facing long-horizon investors such as pension funds, endowments, and sovereign wealth funds.

                              Complete Merton lecture and summaries of conference papers








 
 
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