21 August 2017

The Effects of U.S. Monetary Policy
on Emerging Market Bond Markets

When long-term U.S. interest rates are low, emerging market economies (EMEs) issue more sovereign and private-sector bonds in both local and foreign currencies, and U.S. investment in the EME’s bonds increases, according to a study by John D. Burger, Francis E. Warnock, and Veronica Cacdac Warnock.

18 August 2017

Using Goals to Motivate College Students

College students’ creation of task-based goals had large positive effects on their levels of task completion and course performance, field experiments by Damon Clark, David Gill, Victoria Prowse, and Mark Rush show.

17 August 2017

The Effects of Provider Choice Policies
on Workers' Compensation Costs

David Neumark and Bogdan Savych find no difference in average medical or indemnity costs in states where employers control the choice of provider and states where workers have control. They also find a greater incidence of high-cost cases where state policies give workers more control of provider choice.

16 August 2017

Memphis Nurse-Family Partnership Program
Improves a Broad Range of Outcomes

The Nurse-Family Partnership program offers home visits by nurses to disadvantaged first-time mothers during pregnancy and early childhood. An evaluation byJames J. Heckman, Margaret L. Holland, Kevin K. Makino, Rodrigo Pinto, and Maria Rosales-Rueda of a trial of the program conducted in Memphis in 1990 finds that it improves home investments, parenting attitudes, and mental health for mothers, and boosts cognitive skills of young children.

15 August 2017

Why Has Regional Income Convergence Declined?

Rising housing prices in high-income areas deter low-skill migration and slow income convergence, according to a new study by Peter Ganong and Daniel W. Shoag.

14 August 2017

Measuring Social Connectedness

Populations of counties with more geographically dispersed social networks are generally richer, more educated, and have a higher life expectancy, a study of Facebook friendship links by Michael Bailey, Ruiqing (Rachel) Cao, Theresa Kuchler, Johannes Stroebel, and Arlene Wong shows. Higher social connectedness is also associated with more international migration, patent citations, and trade with foreign countries.

11 August 2017

Surprise! Out-of-Network Billing for Emergency Care

In 22 percent of emergency room episodes, patients were treated at in-network hospitals, but were treated by out-of-network physicians, allowing the physicians to significantly increase their rates. Zack Cooper, Fiona Scott Morton, and Nathan Shekita find that a New York State law that introduced binding arbitration between physicians and insurers in such cases reduced out-of-network billing rates.

10 August 2017

The Role of Colleges in Intergenerational Mobility

The fraction of students who come from families in the bottom income quintile and reach the top quintile differs substantially across colleges because low-income access varies significantly, even among colleges with similar earnings outcomes, according to a new study by Raj Chetty, John N. Friedman, Emmanuel Saez, Nicholas Turner, and Danny Yagan. Children from low- and high-income families have similar earnings outcomes conditional on the college attended, indicating that current low-income students are not mismatched at selective colleges.

9 August 2017

Is It Who You Are or Where You Live? Residential
Segregation and Racial Gaps in Childhood Asthma

Asthma rates are much higher among black than among other children, even after controlling for birth weight. Diane Alexander and Janet Currie find that in New Jersey zip code areas with predominantly black residents all low birth weight children, regardless of race, have a higher incidence of asthma, indicating the importance of residential segregation and neighborhoods in explaining racial health disparities.

8 August 2017

Fast Internet Boosts Employment in Africa

Submarine Internet cables reached various locations in Africa at different times. By studying these events, Jonas Hjort and Jonas Poulsen find large positive effects on employment rates, with little job displacement, and an increase in average incomes and wealth. They attribute this to the availability of fast internet service.
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