AN NBER PUBLICATION
ISSUE: No. 11, November 2016
The Digest
A free monthly publication featuring non-technical summaries of research on topics of broad public interest

Immigrants account for more than half of all STEM workers with Ph.D.s and are especially prevalent in software programming and other computer-related jobs.
Immigrants hold a disproportionate share of jobs in science, technology, engineering, and math (STEM) occupations in the United States, meaning that they are important for maintaining the nation's preeminence in advanced industries, according to a new study by Gordon H. Hanson and Matthew J. Slaughter. Their...

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Unconventional policy tools employed by the central bank proved effective in both eras, though the tools were different.
Faced with economic contraction, deflation, and tanking markets, the Federal Reserve resorted to unorthodox means to lower interest rates and pump liquidity into the market.
Quantitative easing of 2008-09? No. That was U.S. monetary policy in 1932, as the central bank bought $1 billion in Treasury securities over a period of two quarters and...

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Underperformers may overstate interim returns, while high performers may be conservative in valuing their unrealized investment valuations.
When it's time to raise money for a new fund, some private equity general partners (GPs) appear to manipulate the net asset value (NAV) of their current funds.
Some poor performers appear to overstate their NAVs, while funds at the top of the scale actually understate the net value of their funds, according to research by...
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Parental matchmaking in China often leads to relationships that economically and emotionally favor the parents relative to the young couples.
Those who have gone through the sometimes arduous mating ritual know that it's not always a case of romantic love at first sight. Some might even argue that the idea of a parental matchmaker intervening, as is common in some cultures to this day, might have its merits.
In Love, Money, and Parental Goods: Does Parental...
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Using neighborhood socioeconomic status rather than race to achieve racial diversity increases the academic 'cost' of promoting diversity.
In the wake of Supreme Court rulings frowning on race-based admissions policies, Chicago's elite public high schools switched to using the socioeconomic condition of prospective students' neighborhoods to achieve diversity in their student bodies. The approach reflects guidelines issued by the federal government following the...
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Yes, but this may reflect excessive admission of those who are privately insured rather than under-admission of those who are publicly insured.
Children covered by private health insurance are more likely to be admitted to the hospital after a visit to the emergency room than children covered by a public health plan, such as Medicaid or the State Children's Health Insurance Program. This is the conclusion of Diane Alexander and Janet Currie's study, Are Publicly...