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Articles from Vol. 2013, No. 4, Winter

Economic Possibilities for Our Children
This is the 40th anniversary of the summer when I first met Marty Feldstein and went to work for him. I learned from working under Marty's auspices that empirical economics was a profoundly important thing, that it had the opportunity to illuminate...
Economics of Commodity Markets
An NBER conference on the "Economics of Commodity Markets" organized by NBER Research Associates Kenneth Singleton of Stanford University and Wei Xiong of Princeton University was held in Cambridge on October 25 and 26, 2013. The following papers were...
Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century
Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-first Century, edited by Robert C. Feenstra and Alan M. Taylor, is available from the University of Chicago Press in December 2013. Along with its painful economic...
High-Skilled Immigration, Domestic Innovation, and Global Exchanges
High-skilled immigrants account for about 25 percent of the workers in the most innovative and entrepreneurial U.S. industries, and they are responsible for a roughly similar share of out-put measures like patents or firm starts. Immigrants have also...
Hospital Organization and Productivity
The NBER held a conference on "Hospital Organization and Productivity" on October 4 and 5, 2013. The organizers were NBER Research Associates Amitabh Chandra and David Cutler of Harvard University, Research Associate Robert Huckman of Harvard Business...
Measuring and Modeling Health Care Costs
The NBER hosted a Conference on Research in Income and Wealth (CRIW) meeting in Washington on "Measuring and Modeling Health Care Costs" on October 18 and 19, 2013. The organizers were Ana Aizcorbe of the Bureau of Economic Analysis, Colin Baker of...
NBER Researchers Entering Public Service in 2013
A number of NBER researchers were tapped for public policy positions in the past year. Several resigned from the NBER on account of their new affiliations. John Friedman, formerly a Faculty Research Fellow in the Public Economics, Health Care, and...
NBER Researchers Win Nobel Prize in Economics
NBER Research Associates Lars Peter Hansen and Robert Shiller shared the 2013 Nobel Prize in Economics with Eugene Fama. Hansen is the David Rockefeller Distinguished Service Professor of Economics at the University of Chicago. He is a research associate...
Program and Working Group Meetings
Chinese Economy The NBER's Working Group on the Chinese Economy met in Cambridge on October 4 and 5, 2013. Research Associate Hanming Fang of the University of Pennsylvania and Research Associate and Working Group Director Shang-Jin Wei of Columbia...
Public Sector Retirement Plans
Public sector pension plans and retiree health plans have been front page news during the past decade. While the popular press has focused almost exclusively on the underfunding of these plans, economic research has examined how these plans affect...
Sovereign Debt and Financial Crisis
The NBER held a conference on "Sovereign Debt and Financial Crisis" in Cambridge on October 18 and 19, 2013. The organizers were NBER Research Associates Sebnem Kalemli-Ozcan of the University of Maryland, and Carmen Reinhart and Kenneth Rogoff of...
The Chinese Economic Experience, 1978 to Today
One of the most striking phenomena in the past three decades is China's economic liberalization and rapid growth. This has directly affected the lives of its 1.3 billion people, not to mention the millions living within the boundaries of its trading...
The Economics of Obesity
During the past three decades in the United States, many indicators of population health such as life expectancy, the prevalence of smoking, and drug and alcohol use among youths improved significantly. (1) In stark contrast to these trends, over the...
Well Worth Saving: How the New Deal Safeguarded Home Ownership
Well Worth Saving: How the New Deal Safeguarded Home Ownership, by Price Fishback, Jonathan Rose, and Kenneth Snowden, is the latest monograph in the NBER's series on Long-Term Factors in Economic Development. The urgent demand for housing after...
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