Panel at 32d Annual Conference on Macroeconomics
Focuses on Possible Changes in Financial Regulation

Jeremy Stein of Harvard University and the NBER (above), Karen Dynan of Harvard University, and Lisa Emsbo-Mattingly of Fidelity Investments spoke on economic implications of changes in financial regulation during the recent NBER 32d Annual Conference on Macroeconomics. A video of the panel’s full presentation is on the conference web page.
New NBER Research

24 April 2017

The Impact of Information Technology
on the Diffusion of New Pharmaceuticals

In a study of prescription practices of more than 125,000 U.S. physicians, the late Kenneth J. Arrow, Kamran Bilir, and Alan T. Sorensen find that those using a point-of-care electronic drug reference database prescribe a significantly more diverse set of products, are faster to begin prescribing new generic drugs, and also have a greater propensity to prescribe generics.

21 April 2017

Redistributions from a Carbon Tax and Rebate

Julie Anne Cronin, Don Fullerton, and Steven E. Sexton find that a carbon tax with a rebate is progressive under a variety of rebate schemes. The average family in the poorest decile gets a net tax cut of about 1 percent of consumption — but 44 percent of them get a net tax increase.

20 April 2017

School Lunch Quality and Academic Performance

Michael L. Anderson, Justin Gallagher, and Elizabeth Ramirez Ritchie find that healthy public school meals can improve cognitive function among students. In a study of California public schools over five years, they find that students at schools that contract with healthy lunch vendors score higher on state achievement tests, with larger gains for students eligible for reduced price or free school lunches.
More Research

New in the NBER Digest

In Terms of Patentable Ideas and New Technologies,
Immigrants to the U.S. Have Been Highly Productive

Talented immigrant inventors often have paved the way for long-term innovation, while receiving significantly lower compensation than their native-born counterparts, a study featured in the April edition of The NBER Digest finds. Other studies summarized in the this month's edition of the Digest compare the costs and future-earnings potential of various collegiate majors, document a trend among state-funded universities to admit foreign students whose high tuition payments help offset funding cuts, estimate savings from marketization of the U.S. electricity grid, evaluate impacts of the H-1B visa program, and analyze what happened when a program that once brought hundreds of thousands of Mexican seasonal farm laborers to the U.S. was terminated in 1964.

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New in the NBER Reporter

Research in the Program on Corporate Finance:
Changes in Emphasis and Methods since 2008 Crisis

The defining moment for corporate finance over the past decade has been the financial crisis of 2008. Since then, researchers in the NBER’s Program on Corporate Finance have explored the role of credit cycles, the fragility of financial institutions, the behavior of households, and the macroeconomic consequences of the crisis, sometimes employing new empirical tools. The program director describes the latest developments in The NBER Reporter. Also in the new edition of the quarterly, leading researchers summarize their work in behavioral economics, the dynamics of innovation, the impact of contracting out Medicare and Medicaid, and macroeconomic policy at the zero lower bound.

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New in the NBER
Bulletin on Aging and Health

Taxes Are Work Disincentive for Older Americans

A study featured in the current edition of The NBER Bulletin on Aging and Health Health finds that older U.S. workers face high marginal tax rates on their additional earnings, a disincentive to their working more. Other studies in this month’s issue include an examination of prospective payment systems in Medicare and commercial health insurance and a study of the relationship between improved health, domestic violence, and drug use.

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