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AN NBER PUBLICATION ISSUE: No. 9, September 2004

The Digest

A free monthly publication featuring non-technical summaries of research on topics of broad public interest
The birth control pill... had the direct effect of reducing both the risk and the cost of having sex. It therefore also eliminated an important reason for early marriage, making investment in a career-oriented education more feasible. About 35 years ago, a revolution took place in the labor market and educational experiences of American women. In From the Valley to the Summit: The Quiet Revolution That Transformed Women's Work (NBER Working Paper No. 10335), NBER...

Research Summaries

Trade liberalization has done its part, providing extraordinary growth in exports and producing a surge in foreign investment... kinks in the supply chain caused exports to fall, dragging down the economy in the process. Over the last few years Mexico's economy, and most notably its exports, have stagnated. It's tempting to deduce from this that Mexico's aggressive moves to lower barriers to trade and investment -- its participation in the North American Free Trade...
The riots had economically significant negative effects on blacks' income and employment. Further, those effects may have been larger in the long run - from 1960 to 1980 - than in the short run - from 1960 to 1970. The riots significantly depressed the median value of black-owned property between 1960 and 1970, with little or no rebound in the 1970s. Any American of a certain age remembers the race-related riots that tore through U. S. numerous cities in the 1960s...
Despite the fact that very high proportions of employees say they would like to set up their own business, the reality is quite different... Being self-employed is difficult and appears to require rare talents. A recent body of economic literature supports the notion that the self-employed are more satisfied with their jobs than are employees. The research finds this to be true across most OECD countries, with Austria, Finland, and Greece the major exceptions....

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