26 May 2015

Macroeconomics Conference Paper Examines
How Various Types of Shocks Affect the Economy

Research presented at this spring’s NBER Annual Conference on Macroeconomics probed the ways in which a variety of shocks affect the economy through their impacts on networks. William Kerr (above) of Harvard University and the NBER says one of the project’s goals was to provide policymakers and business leaders, who need to react quickly to shocks, with a framework for understanding what the impact of a particular type of shock will be.

Full texts, videos of presentations and brief interviews with researchers are posted.

New NBER Research

26 May 2015

Career Technical Education and Labor Market Outcomes

The average increase in earnings from obtaining a career technical education (CTE) certificate or degree in the California Community College System varies between 12 and 23 percent, depending on the particular credential, according to new estimates by Ann Huff Stevens, Michal Kurlaender, and Michel Grosz. Their study, which exploits rich data on pre- and post-enrollment earnings of CTE students, finds substantial variation in the returns to different programs, with healthcare programs showing the highest earnings gain.

22 May 2015

Productivity, Safety, and Regulation in Coal Mining

Coal mining is a dangerous occupation where the level of resources devoted to mine safety may affect both output and fatalities. Gautam Gowrisankaran, Charles He, Eric A. Lutz, and Jefferey L. Burgess explore the tradeoffs between mineral output and safety; they find that government inspections and penalties increase after mine fatalities, causing accident rates and productivity both to decline.
More Research

NBER in the News

Frequently Requested Items


Calls for Papers

There are currently no open calls for papers.
Follow us on
Twitter RSS facebook

Bulletin on Aging and Health: 2015, No.1

Why is Infant Mortality Higher
in the U.S. than in Other Developed Countries?

There are numerous theories as to why the infant mortality rate is higher in the United States than in other countries, ranging from reporting differences for infants born near the threshold of viability to higher death rates in the first year of life. To quantify the importance of these potential sources of higher mortality, Alice Chen, Emily Oster, and Heidi Williams combine natality microdata from the U.S. with similar data from Finland, which has one of the lowest infant mortality rates in the world, and Austria, where the rate is similar to much of the rest of continental Europe. Their working paper is featured in the latest edition of the NBER's Bulletin on Aging and Health.

Download the PDF or Read online

New in the NBER Digest

Why Does Momentum Trading Persist
Despite Apparent Predictability of Crashes?

The fact that fund managers employing algorithmic momentum strategies suffer occasional dramatic losses suggests they either cannot anticipate momentum crashes or lack the incentives to take action to avoid losses, according to an article in May’s edition of The NBER Digest. Other articles examine outcomes of childhood Medicaid eligibility, results of NIH funding of biomedical research, employment effects of recession, residential segregation in the U.S., and levels of foreign asset holdings.

Download the PDF
or Read online

The Economics of African-American
Well-Being in the 19th-Century South

 In The Color Factor, Howard Bodenhorn has written the first full-length study of how color intersected with polity, society and economy in the 19th-century South. His NBER monograph, just published by Oxford University Press, compiles empirical economic research on plantation life, and pulls together and expands on previous research on the connection between color, wealth, and health. Publication date is June 1, but copies are now available here  
NBER Videos

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email:

Contact Us