NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Abhijit Banerjee, Esther Duflo, and Michael Kremer
Win Nobel Prize for Experimental Research Methods
that Transformed Development Economics



              Abhijit Banerjee                     Esther Duflo                     Michael Kremer

Abhijit Banerjee and Esther Duflo of MIT, and Michael Kremer of Harvard University, all of whom are long-serving NBER research associates, were awarded the 2019 Nobel Prize in Economic Sciences. The prize recognizes their contributions to development economics and the study of global poverty, in particular their championing of randomized controlled trials as methodologies for analyzing how a wide range of policy interventions – in health, education, credit markets, and local governance, among others – can contribute to poverty alleviation.
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New NBER Research

18 October 2019

Impacts of Physician Payments on Patient Access

Closing the gap in payments between Medicaid and private insurers would reduce disparities in access to health care among adults by more than two-thirds and would eliminate disparities among children, according to research by Diane Alexander and Molly Schnell.

17 October 2019

Effects of Schooling on Costless Health Maintenance

Higher levels of schooling lower the likelihood of obesity among rural Chinese youth, with a large component of the causal effects due to increased information on the benefits of maintaining a healthy weight, a study by Mark R. Rosenzweig and Junsen Zhang finds.

16 October 2019

The Value of Government Debt

Half of the variation in the market value of government debt to GDP ratio corresponds to varying forecasts of future primary surpluses, and half to varying discount rates, John H. Cochrane calculates. Variation in expected growth rates is unimportant.
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Locating the Poorest, Assembling Better Data
Are Foci of Master Lectures in Development



                    Ben Olken

                    Andrew Foster
NBER Research Associates Benjamin A. Olken (left) of MIT and Andrew Foster of Brown University delivered master lectures in development at the 2019 NBER Summer Institute. Videos of their full presentations and accompanying slides are available for viewing and downloading on the Development Economics Program page.


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The NBER Digest

Gas Price Spike of the Early 1980s Had Lasting Impact
on Teenagers Who Reached Driving Age in those Years




American youth who were coming of driving age during a period when gas prices doubled and lines to fill up were long are more likely to commute by mass transit than either older or younger citizens, according to research featured in the October edition of the free, monthly NBER Digest. Also featured in the current issue are studies exploring discrimination in mortgage lending, analyzing the influence of monetary policy on consumer spending, gauging the impact of Brexit uncertainty on the British economy, evaluating unconventional monetary policies after the Great Recession, and seeking optimal timing for texting parenting tips.

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Bulletin on Retirement and Disability

2019 Retirement and Disability Research Consortium
Meeting Convened August 1-2 in Washington, DC.




The Social Security Administration convened its 2019 Retirement and Disability Research Consortium Meeting August 1-2 at the National Press Club in Washington, DC. A summary of this year's conference can be found in the latest issue of the Bulletin on Retirement and Disability. Also in this issue of the free Bulletin on Retirement and Disability, are summaries of research on the effects of Medicaid privatization in Texas, how state Medigap requirements affect the health of SSDI beneficiaries, and a panel discussion on the economic determinants of fertility decisions held this past July at the NBER Summer Institute's Social Security meeting.
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The NBER Reporter

Feldstein Lecturer Katherine Baicker
Advocates Evidence-Based Health Care Policy




In the 11th Annual Martin S. Feldstein Lecture, delivered at the 2019 NBER Summer Institute, Katherine Baicker, the dean and Emmett Dedmon Professor at the University of Chicago's Harris School of Public Policy, emphasized the need to define goals clearly and analyze evidence effectively in making health care policy. An edited version of the lecture is featured in the new NBER Reporter. Also in this issue of the free quarterly are reports on how people get and use information, quantitative approaches to violence, synthesizing data on the US economy, and long-term unemployment.

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Martin Feldstein

1939-2019

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