NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

29 July 2015

The Annual Martin S. Feldstein Lecture



Alan B. Krueger of Princeton University and the NBER analyzed the long-term decline in participation rate in the U.S. labor force in the 2015 Martin S. Feldstein Lecture, a feature of the NBER's Summer Institute. Krueger, a former chair of President Obama's Council of Economic Advisers, delivered the lecture on July 22 in Cambridge.

New NBER Research

4 August 2015

Audit Evidence on the Effectiveness
of Public Health Subsidies

Audits of bed net distribution programs in Ghana, Kenya, and Uganda lead Rebecca Dizon-Ross, Pascaline Dupas, and Jonathan Robinson conclude that around 80 percent of those who are eligible receive program benefits as intended, and that leakage to the ineligible appears limited.

3 August 2015

The Labor Market Effects of Opening the Border:
New Evidence from Switzerland

Andreas Beerli and Giovanni Peri estimate the effects of Swiss policy changes on the inflow of new immigrants and on native labor market outcomes such as wages and employment. They find that when the Swiss border was opened to European Union immigrants, these immigrants came to account for 4 percent of Swiss employment, but that there were no discernable effects on average native wages and employment.
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NBER in the News



Annual examination
of macroeconomic
issues is published

The twenty-ninth edition of the NBER Macroeconomics Annual continues its tradition of featuring theoretical and empirical research on central issues in contemporary macroeconomics. Topics include economic performance before, during, and after the Great Recession, the role of information in business cycles, and advantages and disadvantages of the elimination of physical currency.
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Does the Science and Innovation Path Blazed
in 1945 Need a 21st Century Updating?


 Science: The Endless Frontier, a 1945 report to the President by Vannevar Bush put the United States on a path toward strong and well-funded institutions of science, creating an intellectual architecture that still defines scientific endeavor today. In The Changing Frontier, a new NBER book from the University of Chicago Press, Adam B. Jaffe and Benjamin Jones bring together prominent scholars to consider where science stands today.
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New in the NBER Digest

Larger Cities Role in Spurring
Inventions Appears to Have Faded





Patents filed by inventors in densely populated areas relied on newer science than patents filed by their more-isolated peers until the middle of the 20th century, according to a study in the July NBER Digest, but since the 1950s this difference has nearly disappeared. Other articles in the Digest summarize consumer benefits of the U.S. shale gas revolution, demystify the Chinese housing boom, examine youth crime prevention strategies in Chicago, analyze semiconductor prices, and look at the effect of "consumer-directed" health plans on patients' spending.

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NBER Reporter

Democratization and Development




Democratization is highly associated with economic development, but other factors, such as the nature of the state, also are vitally important, according to an article by Daron Acemoglu and James A. Robinson in the latest edition of the NBER's quarterly Reporter. Also in this edition: The economics of happiness, the effects of early investment in children, the function of fiscal multipliers in combatting recessions, and the rising interest in macroprudential policies.

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