New NBER Research
7 October 2015
Most people claim Social Security before the full retirement age despite large and growing returns for deferring. Gopi Shah Goda, Shanthi Ramnath, John B. Shoven, and Sita Nataraj Slavov find evidence that early claimers have higher subjective and actual mortality rates than those who claim later, suggesting that private information about expected future lifetimes may influence claiming behavior.
6 October 2015
Each year of exposure to India's National Rural Employment Guarantee Scheme, a large workfare program, decreases school enrollment by 2 percentage points and math scores by 2 percent of a standard deviation amongst children aged 13-16, research by Manisha Shah and Bryce Millett Steinberg shows. This study suggests that anti-poverty programs which raise wages could have the unintended effect of lowering human capital investment.
5 October 2015
A country's exports are higher if it is perceived by importers to be exerting a positive global influence relative to other nations, Andrew K. Rose finds. A one percent net increase in perceived positive influence raises exports by around 0.8 percent, indicating that countries which cultivate 'soft power' realize a commercial return.
NBER in the News
A study linked rising crime to Quebec's child care program: here's why it's wrong
The Globe and Mail
September 30, 2015
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The Young People Who Got Screwed by a Strong Economy
September 29, 2015
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Why are there so few public companies in the U.S.?
September 28, 2015
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NBER ReporterHow Powerful Are Fiscal Multipliers?
Recent analysis suggests that a $1 increase in government spending or decrease in taxes stimulates $1.50 to $2 in output during recessions, but only about $0.50 during expansions, Alan Auerbach and Yuriy Gorodnichenko write in the current issue of the NBER's quarterly Reporter. Also featured in this issue are reports on the rising interest in macroprudential policies, the democracy/development relationship, the economics of happiness, and the effects of early childhood interventions.
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