NBER Digest OnLine

July 2009 Issue     Full issue available as PDF

Forced Sales and House Prices
Does Simplified Disclosure Affect Individuals' Mutual Fund Choices?
The Internationalization of U.S. Doctorate Education
Why Do Foreign Firms Leave U.S. Equity Markets?
The Cost of Low Fertility in Europe
Disclosure and the Cost of Capital

June 2009 Issue     Full issue available as PDF

Did Vietnam Veterans Get Sicker in the 1990s?
Depression Babies and Risk-Taking
Teaching the Tax Code
The Governance and Performance of Research Universities
Central Bank Policies Are More Transparent
Foreign Ownership and Firm Performance

May 2009 Issue     Full issue available as PDF

The Effect of a Gasoline Tax on Carbon Emissions
Coverage under Medicare Part D
A Tale of Two Islands
Are Health Insurance Markets Competitive?
Long-Run Effects of Unions on Firms
Social Security, Retirement, and Youth Employment

April 2009 Issue     Full issue available as PDF

Who Bears Aggregate Fluctuations and How?
The Internet, Wages, and Consumer Welfare
Immigration and Wage Inequality
Regulation of Pollution Sources
The Euro, Wages, and Prices

March 2009 Issue     Full issue available as PDF

Did the 2008 Tax Rebates Stimulate Spending?
Explaining the Credit Crunch
Do Private Equity Firms "Create Value"?
What Happened to the Airline Industry?
Understanding Crude Oil Prices
Exchange Rates and Prices

February 2009 Issue     Full issue available as PDF

Which CEO Characteristics and Abilities Matter?
American Jobs and the Rise of Service Outsourcing to China and India
The Prevalence and Effects of Occupational Licensing
Understanding International Price Differences Using Barcode Data
Currency Crises and Sudden Stops
Air Pollution and Infant Health

January 2009 Issue     Full issue available as PDF

Domestic Debt Helps to Explain External Defaults
Changes in Social Security Have Affected Retirement
Benefits of New Pharmaceuticals Significantly Exceed their Costs
Welfare Reform Has Led to More Work but Less Education
Healthy, Wealthy, and Wise
Taller Folks Earn More

December 2008 Issue     Full issue available as PDF

Climate Change and Economic Growth over The Last Half Century
The Causes of Rising Income Inequality
Gasoline Prices Affect Fuel Economy
Understanding Fertility within Developed Nations
Happiness Is More Evenly Distributed Among Americans
Gold Standard Does Not Always Bring Credibility

November 2008 Issue     Full issue available as PDF

Public Pensions are Underfunded
The Unequal Geographic Burden of Federal Taxation
Having Good Teeth Can Pay Off
Capital Inflows and Reserve Accumulation
Latin American Industrialization after 1870

October 2008 Issue     Full issue available as PDF

Housing Busts May Lower Household Mobility
Total Compensation Reflects Growth in Productivity
The Federal Student Aid Process is Not Efficient
Hours Spent in Homemaking Have Changed Little This Century
How Costly is Diversity?
Reforming Social Security With Progressive Personal Accounts

September 2008 Issue     Full issue available as PDF

The Link Between Foreclosures and House Prices
Understanding Bank Runs
Derivatives Markets for Home Prices
Unemployment Insurance Provides Needed Liquidity
What Drives Retail Price Movements?

August 2008 Issue     Full issue available as PDF

Medicare Part D Saves Money for Many Participants
Why do Foreigners Invest in the United States?
Gender Differences: The Role of Institutions
Macroeconomic Crises Since 1870
A Black Swan In The Money Market
Mentoring Reduces Turnover Among Teachers in New York City

June/July 2008 Issue     Full issue available as PDF

School Ties and Mutual Fund Success
The Increasing Prevalence of Obesity
Tax Effects on Foreign Portfolio Investment
A Theory of Military Dictatorships
Exchange Rates Can Forecast Commodity Prices
Capital Account Liberalization, Real Wages, and Productivity

April/May 2008 Issue     Full issue available as PDF

Origins of the Current Mortgage Problems
Is a Listing on the NYSE Less Attractive?
The Impact of Childhood Lead Exposure on Adult Crime
Do Professional Currency Managers Beat the Benchmark?

February/March 2008 Issue     Full issue available as PDF

Do Assassinations Change History?
401(k) Plans, Lifetime Earnings, and Wealth at Retirement
Tax Increases Reduce GDP
Does Globalization Weaken Monetary Policy?
Stocks Rise Around Earnings Announcements

January 2008 Issue     Full issue available as PDF

When Taxpayers Ignore Less Visible Taxes
The Rise and Fall of the College Graduate Wage Premium
Higher U.S. Investment Yields Won't Allow Continued Large U.S. Current Account Deficit
Parents Respond to School Performance Fact Sheets

December 2007 Issue     Full issue available as PDF

Is the U.S. Population Behaving Healthier?
Cable Television Raises Women’s Status in India
Why Supbprime Auto Loans Default
Exchange Controls And International Trade

November 2007 Issue     Full issue available as PDF

Anti-Depressants Reduce Suicide
Why is the Developed World Obese?
The Changing Nature of Marriage and Divorce
Hidden Taxes Are Easier to Raise
Higher Health Spending Saves Lives
Did Bankruptcy Reform Increase Financial Distress?

September/October 2007 Issue     Full issue available as PDF

Who Benefits from Inflation Targeting?
Current Account Surpluses And The Correction Of Global Imbalances
Ranking Affects the Financial Resources of Public Colleges
Europe's Lagging Service Sector
Measuring Happiness and Satisfaction

August 2007 Issue     Full issue available as PDF

Public Insurance Expansions Crowd Out Private Health Insurance
Teacher Credentials Don't Matter for Student Achievement
Treasury Debt and Corporate Bond Rates
Distributional Effects of Globalization in Developing Countries
Who Blows the Whistle on Corporate Fraud?

July 2007 Issue     Full issue available as PDF

What Drives the Political Slant of Daily Newspapers?
The Effect of Congressional Majorities on Financial Variables
The Declining Gain from International Portfolio Diversification
The Return to Capital in China

June 2007 Issue     Full issue available as PDF

TV Appearance and Electoral Success
The Impact of Terrorism on the Office Real Estate Market
Teacher Incentives and Student Performance
Drug Co-Payments Increase Hospital Outpatient Spending
Welfare Recipients Respond to Complex Incentives
Has Globalization Changed Inflation?

May 2007 Issue     Full issue available as PDF

No Child Left Behind Rules Raise Student Performance
Effects of Immigration on African-American Employment and Incarceration
Cigarette Regulations Reduce Cases of Sudden Infant Death Syndrome
Simplification Raises Saving Rates
Higher Tax Rates Reduce Working Hours In OECD Countries

April 2007 Issue     Full issue available as PDF

Retirement Saving Versus Mortgage Paydowns
What Makes Foreign Firms Attractive to U.S. Investors?
Tax Incentives Raised Business Investment
Changing Business Volatility

March 2007 Issue     Full issue available as PDF

Why Do House Prices Rise Faster in Some Cities?
The Effects of Education on Health
Globalization And Poverty
Cost Effects of Integrating Diagnosis and Treatment

February 2007 Issue     Full issue available as PDF

The Impact of the Euro and Prospects for the Dollar
Where Did All the Leisure Go?
Would Higher Salaries Keep Teachers in High-Poverty Schools?
New Evidence on Gender Differences in Promotions and Pay
Spreading the Gains from Immigration
Why Some Diplomats Park Illegally

January 2007 Issue     Full issue available as PDF

Why Do Women Outnumber Men in College?
Does Child Abuse Cause Crime?
Global Diversification Through Multinational Shares
Police Pay and Performance

December 2006 Issue     Full issue available as PDF

Are Elite Universities Losing Their Competitive Edge?
Abortion and Selection
The Impact of Foreign Students on the Earnings of Doctorates
Intensive Care Reduces Disability after Cardiovascular Disease

November 2006 Issue     Full issue available as PDF

International Capital Flows Alter U.S. Interest Rates
Black-White Test Scores: Neighborhoods, Not Schools, Matter Most
New Laboratory Procedures Increase Life Expectancy
The Career Effects Of Graduating In A Recession
Will Super-High Chinese Growth Continue?

October 2006 Issue     Full issue available as PDF

Media Bias and Voting
Electoral Outcomes and Financial Markets
The Evolution of Top Incomes
A Healthy Economy Can Break Your Heart
The Allies, Spain, And Oil In World War II
Generous Benefits Raise Long-Term Unemployment

September 2006 Issue     Full issue available as PDF

Improved Neighborhoods Don't Raise Academic Achievement
Teacher-Student Matching Increases Teacher Effectiveness
Incentives to R&D Directors Improve Corporate R&D Performance
No Decline in Long-Term Employment
Intangible Capital and Economic Growth
The Value of Stock Options to Non-Executive Employees

August 2006 Issue     Full issue available as PDF

Inflation Dynamics and the Distribution of Income
TV, Fast Foods, and Childhood Obesity
A Field Experiment in the Consumer Credit Market
The Earned Income Tax Credit Raises Employment
Macroeconomic Derivatives

July 2006 Issue     Full issue available as PDF

Do Mutual Fund Investors Care About Fees?
Why High Earners Work Longer Hours
Comparing Government Healthcare Costs in Ten OECD Countries
The Law and Economics of Self-Dealing