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The Digest

A free monthly publication featuring non-technical summaries of research on topics of broad public interest
A student who has crossed the hurdle of college entry with the assistance of aid is more likely to continue schooling later in life than one that has never attempted college. In recent years, Federal spending on financial assistance programs for college students in the form of tax credits, loans, work study, or direct grants-in-aid has expanded rapidly. The object of such subsidies has been to encourage college attendance by lowering its price. Whether or not...

Research Summaries

The growing use of temp workers by manufacturing -- about 890,000 now of a total above 19 million -- partially explains the flatness in the level of manufacturing employment in the 1990s (as recorded by the Bureau of Labor Statistics) despite the substantial increases in output of American manufacturers. For years, official government statistics have indicated high productivity gains for manufacturing firms. But new research indicates that such gains, though still...
Only a decade ago, Prusa observes, developing nations filed perhaps one or two complaints of dumping per year. Today such countries account for over 100 petitions annually, nearly half of the worldwide total. According to NBER Research Associate Thomas Prusa, the World Trade Organization (WTO)'s contentious antidumping policies will be the source of an increasing number of international trade disputes and therefore will be a key element in the next round of WTO...
Better shareholder protection is associated with higher valuation of corporate assets and ...poor shareholder protection is penalized with lower valuations. Statutory limits on the behavior of those in control of publicly traded companies appears to be good for share prices, according to a recent study by Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert Vishny. In situations where there are clear and strong legal limits on what is known...

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