Analyzing and Modeling the Ways
Businesspeople Change Products' Prices

Are State and Time Dependent Models Really Different? - Interview

Why and when businesspeople react to shocks are key questions for policy makers and economists when they attempt to model economic behavior. Economists from the University of Chicago and the Einaudi Institute for Economics and Finance probed the subject in research discussed at the NBER's 31st Annual Conference on Macroeconomics, held April 15-16. Conference presentations and interviews with the researchers will be posted here over the next four weeks.

2016 NBER Macroeconomics Conference Program with downloadable papers, videos of presentations and interviews with researchers

New NBER Research

6 May 2016

The Effect of Affordable Care Act
Medicaid Expansions on Financial Well-being

Comparing individuals living in states that expanded Medicaid under the Affordable Care Act to residents of states that did not,Luojia Hu, Robert Kaestner, Bhashkar Mazumder, Sarah Miller, and Ashley Wong find that the expansions significantly reduced the number of unpaid bills and the amount of debt sent to third-party collection agencies among those residing in zip codes with the highest share of low-income, uninsured individuals.

5 May 2016

Preference for the Workplace, Human Capital, and Gender

On average, undergraduate women are more attracted to jobs with greater work flexibility and job stability, while undergraduate men are drawn to jobs with higher earnings growth, according to research by Matthew Wiswall and Basit Zafar. Students in their sample perceive jobs offered to humanities majors to have more work-time flexibility and higher stability than jobs offered to economics and business majors.

4 May 2016

Selective Hearing: Physician-Ownership
and Physicians' Response to New Evidence

In 2002, the New England Journal of Medicine published results of a trial showing that a widely practiced surgery was ineffective in combatting a common form of arthritis in knees. Analyzing more than 500,000 knee operations in Florida in which the procedure was used, David H. Howard, Guy David, and Jason Hockenberry find that use of the procedure after the trial declined less in physician-owned surgery centers than in hospitals.
More Research

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Economic Analysis of Commodity and Energy Markets
Economic Dimensions of Personalized and Precision Medicine

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Innovation Policy and the Economy

The 16th volume of Innovation Policy and the Economy offers insights into the changing landscape of innovation by highlighting recent developments in the financing of innovation and entrepreneurship and in the economics of innovation and intellectual property. Edited by Josh Lerner, and Scott Stern; published by The University of Chicago Press.

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Wide Variety of Analyses, Multiple Perspectives

... in Tax Policy and the Economy, Vol. 29

From an estimate of how much the federal government could raise by limiting tax expenditures, to an analysis of whether tax credits have a significant causal effect on college attendance and related outcomes, to the impact of the Affordable Care Act on taxes on income and on full-time employment, the 29th volume of Tax Policy and the Economy illustrates the depth and breadth of taxation-related research by NBER associates. The book, edited by Jeffrey R. Brown, is just out from The University of Chicago Press.

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This Week's Working Papers

New in the NBER Digest

The Impact of Early Female Jurors on Criminal Cases

Significant increases in some conviction rates, specifically for sex offenses and violent crimes against women, were recorded when England's ban on women jurors was lifted in the early 1920s, according to an analysis of records from that time summarized in the current NBER Digest. Also featured in this issue of The Digest are studies exploring the capacity to work at older ages, CEO pay, the relationship between patent approval and startup growth, the dynamics of health plan selection, and the efficacy of tests in hiring.

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New in the NBER Reporter

Measuring Impacts of the Affordable Care Act

The Affordable Care Act is a massive law that overhauls many parts of the U.S. health economy and some parts of it are still too new for data-based analysis. Kosali Simon and her colleagues have focused in particular on the effect of the provision in the ACA allowing young-adult dependents to remain on their parents health insurance policies until age 26 in the latest edition of the quarterly NBER Reporter

Bulletin on Aging and Health

Health Care Spending of the Elderly

The federal government pays for two-thirds of health care spending by the elderly, with Medicare accounting for 55 percent, Medicaid for 10 percent, and other government programs for 3 percent, according to a working paper summarized in the latest NBER Bulletin on Aging and Health. Nearly 20 percent of the medical spending of the elderly is financed out-of-pocket, while 13 percent is covered by private insurance.

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Disability Insurance Programs and Retirement

Vol. 6 in Series on Social Security Around World

Disability insurance programs can play a significant role in the departure of older workers; in some countries, many individuals rely on disability insurance until they are able to enter into full retirement. The sixth stage of an ongoing research project studying the relationship between social security programs and labor force participation, this volume draws on the work of an eminent group of international economists to consider the extent to which differences in labor force participation across countries are determined by the provisions of disability insurance programs. Edited by David A. Wise; published by The University of Chicago Press.

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