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AN NBER PUBLICATION ISSUE: No. 4, April 2003

The Digest

A free monthly publication featuring non-technical summaries of research on topics of broad public interest
School districts that increased calories on test days experienced increases in 5th grade pass rates of 11, 6, and 6 percent respectively on the mathematics, English, and history/social studies tests. Now that public schools can lose federal funding as a result of poor student performance on standardized tests, they have begun paying more attention to test scores. Although the hope was that schools would focus solely on raising test scores by improving student...

Research Summaries

Article
The market reaction to revisions in price targets is stronger than to an equal percentage change in an analyst's earnings forecasts. In recent years, significant attention has been paid to the relationship between analysts' stock reports and the performance of individual stocks covered in those reports. These reports provide independent information to the capital markets. In Information Content of Equity Analyst Reports (NBER Working Paper No. 9246), authors Paul...
Article
Retirees with smaller Social Security benefits had a lower age-specific mortality rate than retirees with more generous benefits. A considerable body of research suggests that those with lower incomes have poorer health and higher mortality rates than higher income individuals. In 1996 when an advisory commission found that the Consumer Price Index overstated the growth in prices by about 1.1 percentage points per year, and therefore recommended that federal programs...
Article
The increased demand for those working with the Internet, and computers more broadly, has boosted both their wages and the hours they work. The computerization of business and telecommunications has led to much talk about the "new economy" and, possibly, a related surge in productivity. A less recognized development is that information technology, particularly the Internet, is changing the labor market and labor organizations in important ways. For one thing, the...

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