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AN NBER PUBLICATION ISSUE: No. 11, November 2000

The Digest

A free monthly publication featuring non-technical summaries of research on topics of broad public interest
Substantial cost differences arise because HMOs have a lower incidence of diseases among their generally healthier members, and pay lower prices for the same medical treatments. HMO insurance premiums generally are far lower than the costs of traditional indemnity coverage. Critics of HMOs have long suspected that this is because the HMOs restrict access to expensive or essential medical treatments. But a new NBER Working Paper indicates that HMOs do not save money in...

Research Summaries

The trend ... to have a student body with proportionately fewer well-off students and relatively more black and Hispanic students was partially reversed after the antitrust case. For the academic community, an antitrust case that was launched more than a decade ago was a shock. From 1989 through 1991, the Department of Justice (DOJ) investigated a number of private, selective colleges for price fixing. The investigation eventually settled on the "overlap group,"...
Manufacturing employment, hours worked, and real wages are all highly correlated among OECD countries. One of the characteristics of the modern era has been a discernible pattern of synchronized business cycles among the major developed economies. New research by Aart Kraay and Jaume Ventura sheds light on the reasons behind this trend; their findings may not only improve our understanding of the channels through which our economies are linked but also could have...
Overall, inward and outward FDI stocks and flows tend to coincide; nations that invest abroad extensively are usually major recipients of FDI. In Interpreting Developed Countries' Foreign Direct Investment (NBER Working Paper No. 7810), NBER Research Associate Robert Lipsey suggests that flows of foreign direct investment (FDI) among developed countries, where most FDI occurs, have little to do with the location of production. To a large extent, they are changes in...

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