24 August 2015
New in the NBER DigestOn the Distribution of Alternative Energy Incentives
Higher-income Americans are receiving the lion's share of alternative energy incentives in programs ranging from federal clean energy tax credits to California's promotion of residential solar, according to research reported in the new edition of the NBER Digest. The September Digest also features studies of the effects of fracking technology on wages and dropout rates, signaling behavior among online sellers, diagnostic trends in Medicare, the impact of Chinese graduate students on U.S. professors, and the decline in public stock listings in America.
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On the News
Developments in China Not So Shocking
NBER research associates Lant Pritchett and Lawrence H. Summers, in a working paper posted on this site last October, wrote that there were substantial reasons that China and India might grow much less rapidly than was commonly anticipated. History, the two Harvard Kennedy School professors pointed out, teaches that abnormally rapid growth is rarely persistent, and that regression to the mean is the empirically most salient feature of economic growth. They suggested that salient characteristics of China—high levels of state control and corruption along with high measures of authoritarian rule—made a discontinuous decline in growth even more likely than general experience would suggest.
NBER China Studies Focus on Labor Issues,