New NBER Research

30 January 2015

Income-based Inequality in Educational Outcomes

Reporting results from a long-standing research partnership with the Massachusetts Department of Elementary and Secondary Education, John P. Papay, Richard J. Murnane, and John B. Willett document large income-based gaps in educational attainments, including high-school graduation rates and college-going. They also show that income-related gaps in both educational credentials and academic skill have narrowed substantially over the past several years in Massachusetts.

29 January 2015

How Much Energy Do Building Energy Codes Really Save? Evidence from California

California enacted the nation’s first codes aimed at reducing residential energy use in 1978, and such codes have become a centerpiece of U.S. environmental policy. Arik Levinson takes three approaches to determining how effective the California effort has been and finds no evidence that homes constructed since California instituted its building energy codes use less electricity today than homes built before the codes came into effect.

28 January 2015

How Financially Literate are Women?

Women are less likely than men to answer correctly questions that measure knowledge of basic financial concepts, Tabea Bucher-Koenen, Annamaria Lusardi, Rob Alessie, and Maarten van Rooij report. Young and old women and those for whom financial knowledge is likely to be important, such as widows and singles, all have lower financial literacy than men, and these gender differences are strikingly similar across countries.
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