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Bulletin on Retirement and Disability

2019 Retirement and Disability Research Consortium
Meeting Convened August 1-2 in Washington, DC.




The Social Security Administration convened its 2019 Retirement and Disability Research Consortium Meeting August 1-2 at the National Press Club in Washington, DC. A summary of this year's conference can be found in the latest issue of the Bulletin on Retirement and Disability. Also in this issue of the free Bulletin on Retirement and Disability, are summaries of research on the effects of Medicaid privatization in Texas, how state Medigap requirements affect the health of SSDI beneficiaries, and a panel discussion on the economic determinants of fertility decisions held this past July at the NBER Summer Institute's Social Security meeting.
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New NBER Research

11 October 2019

Electric Vehicles and Tax Revenues

Electric vehicles have reduced US gasoline tax revenues by $250 million annually, mostly in a handful of states where EVs are more concentrated, and the effect is highly regressive, as most electric vehicles are driven by high-income households, Lucas W. Davis and James M. Sallee calculate.

10 October 2019

Regional Effects of Exchange Rate Fluctuations

A depreciation in the state-specific, trade-weighted real exchange rate is associated with an increase in exports, a decline in unemployment and an increase in hours worked, particularly in periods of economic slack, Christopher L. House, Christian Proebsting, and Linda L. Tesar.

9 October 2019

The Unresponsiveness of College Students to Nudging

College students study between five to eight hours less each week than they plan to, according to a study by Philip Oreopoulos and Uros Petronijevic. They also find that study time is not sensitive to text messages and on-line nudges.
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Summer Institute Social Security Panel Focuses
on Recent Trends in Fertility in the United States

The U.S. fertility rate — an important driver of the long-term financial health of the Social Security system — has trended downward since the 1960s, and fallen noticeably in the last decade. Academic researchers joined experts from the Social Security Administration to discuss these trends and their implications at the 2019 NBER Summer Institute. The panel was introduced by NBER President James Poterba.

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The NBER Digest

Forward Guidance and Quantitative Easing Policies
Played an Important Role in Recovery from Recession




A study featured in the latest edition of the free, monthly NBER Digest finds that without the unconventional monetary policy tools employed by the Federal Reserve, recovery from the Great Recession would have been slower. Also in the October issue of the Digest are summaries of studies seeking optimal timing of texting tips for parents, measuring the long-term impact of a gas price shock, analyzing discrimination in mortgage lending and exploring the influence of monetary policy on consumer spending, and gauging the impact of Brexit uncertainty on the British economy.

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The NBER Reporter

Feldstein Lecturer Katherine Baicker
Advocates Evidence-Based Health Care Policy




In the 11th Annual Martin S. Feldstein Lecture, delivered at the 2019 NBER Summer Institute, Katherine Baicker, the dean and Emmett Dedmon Professor at the University of Chicago's Harris School of Public Policy, emphasized the need to define goals clearly and analyze evidence effectively in making health care policy. An edited version of the lecture is featured in the new NBER Reporter. Also in this issue of the free quarterly are reports on how people get and use information, quantitative approaches to violence, synthesizing data on the US economy, and long-term unemployment.

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Locating the Poorest, Assembling Better Data
Are Foci of Master Lectures in Development



                    Ben Olken

                    Andrew Foster
NBER Research Associates Benjamin A. Olken (left) of MIT and Andrew Foster of Brown University delivered master lectures in development at the 2019 NBER Summer Institute. Videos of their full presentations and accompanying slides are available for viewing and downloading on the Development Economics Program page.




Martin Feldstein
1939-2019

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