Skip to main content
AN NBER PUBLICATION ISSUE: No. 7, July 2006

The Digest

A free monthly publication featuring non-technical summaries of research on topics of broad public interest
"Over 80 percent of the group given information on fees still failed to minimize index fund fees." To what extent do fees affect the choices that investors make regarding mutual funds? How much attention do investors pay to these fees, assuming that they even understand them? What information regarding mutual fund service costs do investors value? Are expensive fees justified in terms of the funds' returns? These are some of the provocative questions explored in...

Research Summaries

Article
"Between 1979 and 2002, the frequency of long work hours increased by 14.4 percentage points among the top quintile of wage earners, but fell by 6.7 percentage points in the lowest quintile." During most of the 1900s, the hours of work declined for most American men. But around 1970, the share of employed men regularly working more than 50 hours per week began to increase. In fact, the share of employed, 25-to-64-year-old men who usually work 50 or more hours per week...
Article
The expansion of government benefit levels -- defined as average inflation-adjusted government healthcare expenditures on people at a given age -- explains three quarters of the growth in public healthcare expenditures since 1970. In recent decades, government healthcare spending in industrialized countries has grown much faster than GDP. Although researchers have investigated a number of contributing factors, including improvements in medical technology, population...
Article
"Countries with successful stock markets mandate that shareholders receive the information they need and the power to act - including both voting and litigation - on this information. The empirical results further suggest that an effective strategy of regulating large self-dealing transactions is to combine full disclosure of such transactions with the requirement of approval by disinterested shareholders." Investor expropriation -- also known as self-dealing or...

NBER periodicals and newsletters are not copyrighted and may be reproduced freely with appropriate attribution.

See the Latest NBER Research
New Working Papers This Week