NBER

NBER


The National Bureau of Economic Research is dedicated to promoting a greater understanding of how the economy works.

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Previously unnoticed property of commonly-used discrete choice models, which is that they feature parallel demand curves.

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Retirement plan participants who delegated portfolio management to target date funds and managed accounts were significantly less likely to make portfolio changes during the first quarter of 2020, from David Blanchett, Michael S. Finke, and Jonathan Reuter

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COVID-19 scarred beliefs by revealing a risk that we didn't know was there. Scarring will dissuade Americans from taking economic risks that are essential to robust growth for many decades to come, from Kozlowski, Veldkamp, and Venkateswaran

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US hospitals make costly investments in quality to attract higher prices from privately insured patients, creating a connection between private prices and hospital quality, from @C_Garthwaite , Christopher Ody, and @AmandaStarc1 

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In a commuting network, substantially smaller economic losses occur if governments target lockdowns spatially rather than imposing them equally across all locations, from Pablo Fajgelbaum, @akhandelwal8 , Wookun Kim, Cristiano Mantovani, and Edouard Schaal

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Following financial crises, bank insiders are reluctant to reduce their private benefits of control by diluting their ownership through equity issuances, from Martin Goetz, Luc Laeven, and Ross Levine

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Developing a method to investigate whether people value attention-increasing tools rationally: In two experiments, individuals undervalue attention-increasing tools, from Erin T. Bronchetti, @juddkessler , Ellen B. Magenheim, @DTaubinsky , and Eric Zwick

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A panel of Social Security Administration earnings is linked to the Current Population Survey to estimate the impact of increasing post-childbirth work incentives on mothers' long-run career trajectories.

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A study of the relationship between unemployment, environmental policy, and business cycles using a model with both a pollution externality and congestion externalities from labor search frictions, from John Gibson and @GarthHeutel 

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An overview of US infrastructure data in the National Economic Accounts, focusing on basic, social, and digital infrastructure (investment, capital stocks, depreciation, and prices), from Jennifer Bennett, Robert Kornfeld, @DanSichel1 , and David Wasshausen

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The NBER invites researchers to submit papers for potential presentation at the 2020 NBER Summer Institute, July 6-24 in Cambridge, MA. The submission deadline is March 18, 2020.

In U.S. Presidential races, the popular-vote winner will lose 40% of elections decided by 2 million votes or less. Electoral College "inversions" have been likely since the 1800s, from @MikeGeruso , Dean Spears, and Ishaana Talesara

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Economics undergraduate students are more gender-biased than those in other fields. The gap becomes larger with increased exposure to economics training, especially for male students, from Valentina A. Paredes, @DanielePaserman , and @franciscopino 

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Shutdown orders had only modest effects on the economy. Businesses on opposite sides of borders with different shutdown policies fell similarly. Instead, consumer fear seems to have driven the declines, from @Austan_Goolsbee  and Chad Syverson

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NBER Business Cycle Dating Committee has determined that a peak in monthly US economic activity occurred in February 2020, ending 128-month-long expansion. The committee's statement FAQ at Questions to Charles Radin caradi @nber .org

All new and upcoming NBER Working Papers relating to the coronavirus are to be available free of charge, including three new papers released this week: , , and

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Large negative effects of COVID-19 in higher education: 13% of students have delayed graduation; 40% lost a job, internship, or job offer; and 29% expect to earn less at age 35, from Aucejo, French, Paola Ugalde Araya, and Zafar

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Why has the college wage premium risen in the US but not in Germany? Employment protection in Germany that provides incentives to invest in the skills of less-educated workers accounts for much of the gap, from @mdoepke  and Ruben Gaetani

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Lockdowns make married people happier, if little income and work time are lost, while lockdowns reduce single people’s happiness a lot, from Daniel S. Hamermesh

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