Skip to main content
AN NBER PUBLICATION ISSUE: No. 6, June 2013

The Digest

A free monthly publication featuring non-technical summaries of research on topics of broad public interest
New publicly funded child care centers tended to increase the total number of childcare providers. Government programs for early childhood education have expanded in recent decades. Two states illustrate this trend. Georgia expanded its preschool program to all age-eligible residents in 1995, enabling money from the state government to follow children to the government-certified provider of their parents' choice. Oklahoma adopted universal preschool in 1998, offering...

Research Summaries

Article
The volatility of stock prices on identified news days is over twice that of other days. In Which News Moves Stock Prices? A Textual Analysis (NBER Working Paper No. 18725), Jacob Boudoukh, Ronen Feldman, Shimon Kogan, and Matthew Richardson maintain that common business news sources, such as the Wall Street Journal and the Dow Jones News Service, contain many stories that are not relevant in terms of company fundamentals. They conclude that what is important for...
Article
The expansion of 'family-friendly' policies, including parental leave and part-time work entitlements in other OECD countries, explains nearly 30 percent of the decrease in U.S. women's labor force participation relative to these other countries. In 1990, U.S. women's labor force participation rate (LFPR) was 74 percent, sixth highest among 22 economically advanced countries. By 2010, it had risen slightly to just over 75 percent, while the LFPR of women in other...
Article
[By] increasing communication and coordination among providers, who must manage clinical information coming from a number of different sources, health IT improve(s) outcomes for patients with complex and severe diagnoses, [but not for] average patients. Some healthcare policymakers have argued that increased adoption of health information-technology (IT) systems within hospitals would lead to improved quality of care for patients. In Health Information...
Article
...[H]alf of a given rise in the risk premium is reflected in a rise in the inflation indexed bond return differentials. In Hot Tip: Nominal Exchange Rates and Inflation Indexed Bond Yields (NBER Working Paper No. 18726), Richard Clarida derives a structural relationship between the nominal exchange rate, national price levels, and observed yields on long maturity inflation-indexed bonds. Then, using high frequency data spanning the period January 2001 to February...
Article
Roughly half of the productivity gain in the steel industry came from efficient minimills displacing older and less productive vertically integrated steel plants. Between 1963 and 2002, the productivity of the U.S. steel industry soared as producers shuttered outdated mills and laid workers off. In Reallocation and Technology: Evidence from the U.S. Steel Industry (NBER Working Paper No. 18739), Allan Collard-Wexler and Jan De Loecker find that a key driver of that...

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