National Bureau of Economic Research

Research associates Laura Alfaro, Andrew C. Johnston, and Anup Malani have taken leave from their academic positions and the NBER to serve in policy roles at the Inter-American Development Bank (IDB), the Council of Economic Advisors (CEA), and the Centers for Medicare & Medicaid Services (CMS), respectively. Alfaro has been named the Chief Economist and Economic Counselor at the IDB, which is a leading international development finance organization based in Washington, DC. Johnston is serving as a Senior Economist at the CEA, and Malani as the Chief Economist at CMS. Alfaro, who is affiliated with…

Susanto Basu, Lucy Eldridge, John Haltiwanger, and Erich Strassner, editors.

Current technological developments in a number of industries, such as the rise of artificial intelligence and innovations associated with the green energy transition, are likely to have significant and wide-ranging effects. 

This volume explores the implications of rapid changes in advanced technology and considers how to conceptualize and model these advances and improve measures of productivity and…

Borrowing on credit cards is an important source of finance for many small businesses. In Credit Card Entrepreneurs (NBER Working Paper 33618), Ufuk Akcigit, Raman Singh Chhina, Seyit M. Cilasun, Javier Miranda, and Nicolas Serrano-Velarde study the experiences of small US businesses during the monetary policy tightening of 2022–23 to shed light on this...

Lower-income adults in the US are more likely to lack health insurance and to suffer worse health, a correlation that raises the long-standing question of whether health insurance affects health. In Saved by Medicaid: New Evidence on Health Insurance and Mortality from the Universe of Low-Income Adults (NBER Working Paper 33719), Angela Wyse and Bruce D. Meyer present new evidence on this question by evaluating the consequences of recent Medicaid expansions. 

To study the impact of Medicaid on mortality, the researchers exploit variation in the state-level adoption and timing of expansions of Medicaid eligibility to childless, nondisabled, non-elderly adults. Most, but…

The Development of the American Economy (DAE) program was one of the first research programs launched by Martin Feldstein in 1978 when he formalized the modern structure of the NBER.

The mission of the program is to research historical aspects of the American economy. Its members are economic historians whose specific interests span many subfields within economics, including macroeconomics, labor economics, finance, political economy, trade, and industrial organization. Broadly, economic history research comes in two flavors. First, economic historians study the evolution of economic trends that illuminate issues relevant to the modern economy, such as the entry of women in the labor force and the moderation of economic crises over time. Second, economic historians use the natural experiments offered by history to test economic…

The surge in remote work in recent years has transformed labor markets, with potentially important implications for the interaction between workplace flexibility and entrepreneurship. In Hustling from Home? Work from Home Flexibility and Entrepreneurial Entry (NBER Working Paper 33237), John M. Barrios, Yael Hochberg, and Hanyi (Livia) Yi explore whether the increased flexibility provided by work-from-home (WFH) arrangements has affected entrepreneurial decisions. They focus on the COVID-19 pandemic as a natural experiment and analyze how the sudden shift to remote work affected new business creation. Guided…