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The COVID-19 pandemic sharply increased the number of people working remotely, thereby reducing the frequency of in-person interactions between coworkers. Firms are divided about the effects of remote work, with some top firms recalling workers to the office and others embracing remote work.
In The Power of Proximity to Coworkers: Training for Tomorrow or Productivity Today? (NBER Working Paper 31880), Natalia Emanuel, Emma Harrington, and Amanda Pallais find that sitting near coworkers increases…
From the NBER Bulletin on Retirement and Disability
Over the past 25 years, labor force participation at older ages has increased dramatically. In the 12 countries that are part of the NBER’s International Social Security (ISS) project, participation among those aged 60 to 64 has risen by an average of over 20 percentage points for men and over 25 percentage points for women.
In The Effects of Reforms on Retirement Behavior: Introduction and Summary (NBER Working Paper 31979), authors Axel Börsch-Supan and Courtney Coile report on the most recent work of the ISS project. The current analysis builds on previous project phases which showed that changes in health and education could…
From the NBER Reporter: Research, program, and conference summaries
Segregation based on race and income is a defining feature of cities and schools across the United States. While Black Americans make up less than 14 percent of the overall population, the typical Black child lives in a neighborhood where Black families make up the majority of residents and attends a school where at least half their peers are also Black. These neighborhoods and schools also tend to have relatively high rates of poverty.
Theory posits that segregation in terms of neighborhoods and schools plays important roles in understanding poverty for disadvantaged Black communities. This segregation may also shape the development of White residents’ attitudes, behaviors, and outcomes...
From the NBER Bulletin on Health
Access to a high-speed internet connection provides patients with a low-cost means of collecting information related to medical decisions and the quality of medical care providers. In Broadband Internet Access and Health Outcomes: Patient and Provider Responses in Medicare (NBER Working Paper 31579), Jessica Van Parys and Zach Y. Brown link information on broadband availability by ZIP code from the Federal Communications Commission to Medicare claims data from 1999 to 2008. They analyze the effect of high-speed internet access on health outcomes and provider choices for Medicare beneficiaries who are undergoing common procedures.…
From the NBER Bulletin on Entrepreneurship
Private equity (PE) firms’ business model is to acquire privately held companies, to change their strategy and operations with the goal of improving profitability and growth, and ultimately to sell the companies for a profit. The senior management team is replaced at a majority of private equity acquisitions. More than 40 percent of PE firms report that this is a key way to improve their acquisitions’ success.
In The Market for CEOs: Evidence from Private Equity (NBER Working Paper 30899), Paul Gompers, Steven Kaplan, and Vladimir Mukharlyamov compare the characteristics of CEOs installed by PE firms to the characteristics of those who become...
Featured Working Papers
Surrogate decision-makers for older adults were much less likely to recommend life-sustaining treatments for patients with dementia, and more likely to ignore patient preferences for life-extending treatment for these patients, a survey conducted by Lauren Hersch Nicholas, Kenneth M. Langa, Scott D. Halpern, and Mario Macis shows.
The US Secure Communities program, which expanded interior enforcement against unauthorized immigrants, reduced the likelihood that Hispanic victims reported crimes to police and increased the victimization of Hispanics, but did not affect total reported crimes, according to research by Felipe M. Gonçalves, Elisa Jácome, and Emily K. Weisburst.
An increase in the unemployment rate equal to that during the Great Recession reduces the average, annual, age-adjusted mortality rate in the US by 2.3 percent. The effects persist for at least 10 years and are particularly evident for those with a high school degree or less, according to Amy Finkelstein, Matthew J. Notowidigdo, Frank Schilbach, and Jonathan Zhang.
Catherine Hausman finds that while building more electricity transmission lines could reduce the cost of generation and allow for better integration of renewable energy sources, it would also reduce profits sharply at some firms which may have the power to block such construction.
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