National Bureau of Economic Research

As the workforce in Europe and the US has grown older, the average wages of older workers have risen more rapidly than those of their younger colleagues. This seems inconsistent with a simple supply-and-demand analysis, which would suggest that as the supply of older workers grows, their wages should fall; it raises the question of what other factors could be responsible for the growing age-pay gap.

In Countries for Old Men: An Analysis of the Age-Pay Gap (NBER Working Paper 32340), Nicola Bianchi and Matteo Paradisi analyze administrative data covering 38 million workers at 3.7 million firms in Italy and Germany,…

As the population ages, the need for surrogate decision-makers for patients near the end of their lives is rising. When hospitalized older adults are unable to actively participate in decisions about their care, surrogates must make choices, often with limited information. Advance care planning with written directives may improve surrogate decision-making, but directives have limitations: preferences may change after completion, directions may not apply to the ultimate situation, and there can be communication challenges between the surrogates and care teams.

In How Do Surrogates Make Treatment Decisions for Patients with Dementia? An Experimental Survey Study (NBER Working Paper 32116), researchers Lauren Hersch Nicholas, Kenneth M. Langa, Scott D. Halpern, and Mario Macis examined...

In a new study of Racial and Ethnic Disparities in SSDI Entry and Health (NBER RDRC Center Paper NB23-04), Colleen Carey, Nolan H. Miller, and David Molitor document significant racial and ethnic differences in the use of Social Security Disability Insurance (SSDI). Non-Hispanic Blacks and Native Americans enter the SSDI program at the highest rates relative to their share of the population while non-Hispanic Asians enter at the lowest rates. Average health status, measured by medical expenditure…

Developing countries typically exhibit low rates of rural wage employment. For example, in India, male workers whose primary source of earnings is wage labor report working on only 46 percent of days per year. Bangladesh has a similarly low 55 percent rate of employment among landless males, and the rates are even lower in sub-Saharan Africa.

What do these low employment rates mean? One possibility is that they reflect extremely high involuntary unemployment. Alternatively, the rates could be an outcome of reasonably well functioning labor markets in which workers are simply choosing self-employment, which tends to be high in poor countries. These two possibilities have drastically different implications for understanding how well labor markets work and what role, if…

Immigrants play a significant role in the entrepreneurial landscape. In the United States, immigrants are 80 percent more likely to start businesses than native-born Americans. More than half of America's billion-dollar startup companies trace their roots to immigrant founders. There is limited research, however, on the factors that influence immigrants' decisions about where to locate their startup businesses. 

In The Effect of Immigration Policy on Founding Location Choice: Evidence from Canada's Start-up Visa Program (NBER Working Paper 31634), Saerom Lee and Britta Glennon investigate the impact of Canada's Start-up Visa Program on US-based…