NBER Reporter

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Articles from Vol. 2014, No. 4, Winter

Chinese Economy
The NBER's Working Group on the Chinese Economy met in Cambridge on October 24-25, 2014. Working Group Director Hanming Fang of the University of Pennsylvania and NBER Research Associate Shang-Jin Wei of Columbia University organized the conference....
Demographics, Job Polarization, and Macroeconomic Analysis of Labor Markets
In the past 50 years, labor markets in the United States and other industrialized countries have experienced marked change due to technological progress and demographic shifts. In this piece, we summarize some of our joint work, much of which is in...
Economics of Education
The NBER's Program on Education, directed by Caroline Hoxby of Stanford University, met in Washington on November 13-14, 2014. These papers were discussed: * Atila Abdulkadiroglu, Duke University; Joshua Angrist and Parag Pathak, MIT and NBER; and...
Four New Members Elected to NBER Board of Directors
At its September 2014 meeting, the NBER Board of Directors elected four new members. Benjamin Hermalin is the new representative of the University of California, Berkeley. He succeeds George Akerlof, who was elected director emeritus. Hermalin holds...
How Oil-Price Shocks Affect Producers and Consumers
Markets for crude oil have been characterized by multiple episodes of volatility over the past 20 years. The price of Brent crude oil, an international "light" crude oil benchmark priced in the North Sea, varied from a low of about $10 per barrel (bbl)...
Law and Economics
The NBER's Law and Economics Program studies the effects and causes of legal rules in the foundational legal subjects--property law, criminal law, contract law, and tort law--and in additional legal subjects such as the protection of consumers, workplace...
Measuring Entrepreneurial Businesses: Current Knowledge and Challenges
The NBER hosted a Conference on Research in Income and Wealth (CRIW) meeting in Washington on "Measuring Entrepreneurial Businesses: Current Knowledge and Challenges" on December 16 and 17, 2014. The organizers were Javier Miranda of the U.S. Bureau...
Privatizing Social Security: Lessons from Mexico
Social security privatization is a top political and economic issue for countries world-wide faced with aging populations and underfunded pensions. Often seen as a third-rail of American politics, aging populations may soon force the country to make...
Real Exchange Rates and the Balassa-Samuelson Effect Revisited
It has long been acknowledged that prices of consumer goods differ substantially across countries, and vary considerably between any two countries over time. In the aggregate, relative goods-prices compared across countries are defined as real exchange...
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