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20 July 2017
In a study of prescription drug monitoring (PDMP) programs,Dhaval M. Dave, Anca M. Grecu, and Henry Saffer find that requiring providers to query the monitoring program prior to prescribing a controlled drug is associated with a significant reduction in opioid abuse by young adults.
19 July 2017
John G. Fernald, Robert E. Hall, James H. Stock, and Mark W. Watson find that the slow recovery in U.S. output since the recession trough of 2009 has been due to two factors: the slow growth of total factor productivity and the decline in labor force participation. Both factors reflect powerful adverse forces that are largely unrelated to the financial crisis and recession—and that were in play before the recession.
18 July 2017
Because the United States rations immigrant slots, average immigrant educational attainment, which is positively correlated with economic success, is inversely related to the number of people admitted from a source country and positively related to the population of that source country, according to a study by Edward P. Lazear. The study points out that immigrants from Algeria, for example, which receives few slots, have higher educational attainment in the U.S. than those from Israel or Japan.
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