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

19 September 2017

Cross-Field Citations of Economic Scholarship

Joshua Angrist, Pierre Azoulay, Glenn Ellison, Ryan Hill, and Susan Feng Lu document a rise in the extramural influence of economic research and find that economics papers are increasingly likely to reference other social sciences.

18 September 2017

The Gendered Spillover Effect of Young Children's Health

A national vaccination campaign targeting children under five in Turkey produced gains in health and human capital among age-eligible children of both sexes, Marcella Alsan finds. There were also educational spillover effects to their adolescent sisters, but not brothers, although adolescents were ineligible for the program. Reducing morbidity among preschool children may have the added benefit of improving educational outcomes for their adolescent sisters in the developing world.

15 September 2017

Nudging Retirement Savings:
A Field Experiment on Supplemental Plans

Robert L. Clark, Robert G. Hammond, Melinda Sandler Morrill, and Christelle Khalaf report that, in a field experiment with older public employees in North Carolina, participants in an employer-provided supplemental retirement plan who received an informational nudge increased their contributions in the months following the intervention.
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

Venture Capital Firms Where Senior Partners Have
More Daughters Hire More Women, Perform Better

Venture capital firms whose senior partners had more daughters than sons hire more women than firms in which senior partners had equal numbers of sons and daughters or more sons, and they perform better than their competitors, according to research summarized in the September edition of The NBER Digest. Other studies featured in the monthly Digest include a look at the rise in young American men's video gaming hours, an exploration of the direct effects of home purchases on household spending, an analysis of scientists' and engineers' roles in U.S. industry, a calculation of which colleges best prepare low-income students for high-earning careers, and an examination of the impact of high-speed internet’s arrival in Africa.

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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.

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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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