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NATIONAL BUREAU OF ECONOMIC RESEARCH
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9 April 2015

Hospital Spending and Patient Mortality

Patients at hospitals that administer large amounts of care over the three months following a health emergency do not have meaningfully better survival outcomes than patients at hospitals whose patients receive less care, according to research by Joseph Doyle, John Graves, and Jonathan Gruber. Patients assigned to hospitals with high levels of inpatient spending are more likely to survive to one year, while those assigned to hospitals with high levels of outpatient spending are less likely to do so.

NBER Working Paper #21037     8 April 2015

An Extrapolative Model of House Price Dynamics

Buyers forecast house values using past transaction prices, but do not adjust for the expectations of past buyers, and instead assume that past prices reflect only contemporaneous demand, Edward L. Glaeser and Charles G. Nathanson write. This leads buyers to expect increases in market value after recent price increases, to fail to anticipate the price busts that follow booms, and to be overconfident in their assessments of the market.

NBER Working Paper #21036     7 April 2015

Why Are Indian Children So Short?

India's child-stunting rate is among the highest in the world, exceeding that of many poorer African countries. Seema Jayachandran and Rohini Pande analyze data for over 174,000 Indian and sub-Saharan African children and find that the Indian height disadvantage emerges with the second child and increases with birth order – a phenomenon they attribute to India's culture of eldest-son preference. The height advantage for firstborns, for example, is found only for sons.
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Who Benefits from Federal Higher Education Tax Credits?
 Researchers find that the credits have little or no effect on college attendance and are essentially transfer payments. This subject and others – climate change, economic stagnation, youth employment programs, the gender gap in earnings, and limited provider networks – are featured in the April issue of the monthly NBER Digest.

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NBER Reporter 2015:1
Slower Growth in the Medium and Long Term

An article in the NBER's quarterly summary of affiliates' research focuses on evidence that the U.S. could be in for a long period of slower growth. Other articles offer new perspectives on the first wave of globalization, review financial services dynamics in developing countries, and examine effects of monetary and fiscal policy. The lead article reports health and economic impacts of recession, pollution, unhealthy behaviors and health care insurance.

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