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The Reporter Spring 2005

A free quarterly publication featuring program updates, several summaries of affiliates' research, and news about the NBER
Author(s): Robert C. Feenstra
The International Trade and Investment (ITI) Program does research on patterns of international trade and foreign direct investment; policies designed to influence the level of trade and investment; and their consequences on importing and exporting countries, such as for their wages, growth, the environment, and so on. Empirical work in the Program has benefited from several new datasets covering both U.S. and global trade at a detailed level; these are now available from...

Research Summaries

Author(s): Sara Markowitz
Mental illnesses are debilitating diseases affecting millions of people each year. These conditions constitute five of the top ten leading causes of disability worldwide. Depression alone is responsible for more than one in every ten years of life lived with a disability.(2) Despite the severity of the burden of mental illness, many cases of mental disorders remain untreated. Estimates show that about 28 percent of the U.S. adult population in any year has a diagnosable...
Author(s): Enrico Moretti
My research focuses on different areas in applied microeconomics. One of these areas is the economics of education. My work on this area centers on the issue of social returns to human capital. After 40 years of research on the relationship between education and earnings, economists now have a solid understanding of the private benefits of schooling. But much less is known about the social returns to education, even though economists have speculated about the possibility of...
Author(s): Casey Mulligan
Government officials, regardless of their political persuasion, are increasingly serious about Social Security reform. Politicians have long recognized that the success and longevity of their policies depend on the economic and political environments in which they operate. For example, Franklin Delano Roosevelt explained, "We put those [Social Security] payroll contributions there so as to give the contributors a legal, moral, and political right to collect their pensions....
Much of our recent research has been devoted to developing and applying tools for the evaluation of macroeconomic stabilization policy. This choice of topic is motivated by the fact that by the late 1990s empirical research using macroeconomic data from industrialized countries had cast compelling doubts on the ability of the neoclassical growth model to provide a satisfactory account of aggregate fluctuations. As a response, the new Keynesian paradigm emerged as an...

Meetings and Conferences, Spring 2005


  • Article
    IASE: New Perspectives on Economic History The NBER and El Colegio de Mexico jointly sponsored a meeting of the Inter-American Seminar on Economics in Mexico City on December 3 and 4. This Seminar focused on "New Perspectives in Economic History." NBER Research Associate Sebastian Edwards of University of California, Los Angeles, and Gerardo Esquivel and Graciela Marquez of El Colegio de Mexico, organized the following program: Michael D. Bordo, NBER and Rutgers...


    NBER Macroeconomics Annual 2004, edited by Mark Gertler and Kenneth S. Rogoff, is available from the MIT Press for $35.00 in paperback and $70.00 clothbound. The NBER Macroeconomics Annual presents, extends, and applies pioneering work in macroeconomics and simulates work by macroeconomists on important policy issues. Each paper in the Annual is followed by comments and discussion. This volume includes papers on: the effect of federal government debt on interest rates;...

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