NBER Reporter

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Articles from Vol. 2019, No. 1, March

Annual Report of Awards to NBER Affiliates
Katherine Baicker was elected to the American Academy of Arts and Sciences. Lucian Bebchuk received the 2018 IRRC Institute Award for work in corporate governance for his research with Scott Hirst on "Index Funds and the Future of Corporate Governance:...
Big Data for 21st Century Economic Statistics
An NBER conference on Big Data for 21st Century Economic Statistics met in Washington on March 15-16. Research Associates Katharine G. Abraham of the University of Maryland and Matthew D. Shapiro of the University of Michigan; Ron S. Jarmin of the...
Big Data: Long-Term Implications for Financial Markets and Firms
An NBER conference on Big Data: Long-Term Implications for Financial Markets and Firms took place March 8 in Cambridge. Itay Goldstein of the University of Pennsylvania, Research Associate Chester S. Spatt of Carnegie Mellon University, and Faculty...
Chinese Economy
Members of the NBER's Chinese Economy Working Group met March 21-22 in Shanghai. Research Associates Hanming Fang of the University of Pennsylvania, Shang-Jin Wei of Columbia University, and Wei Xiong of Princeton University organized the meeting jointly...
Do Government Grants to Charities Crowd Private Donations out or In?
The basic hypothesis of crowding out is simple: Suppose individuals care only about their own private consumption and the charity's capacity to spend. In particular, they are indifferent to whether their own gift is voluntary or is involuntarily paid...
Economics of Education
The enterprise of education has a supply side, where institutions produce education, and an investment side, where people acquire education. I say an "investment side" and not a "demand side" because education is largely an investment and not a form...
Environment and Energy Economics
Members of the NBER's Environment and Energy Economics Program met March 14-15 at Stanford. Research Associates Kelsey Jack of the University of California, Santa Barbara and Ryan Kellogg of the University of Chicago organized the meeting. These researchers'...
Industrial Organization
Members of the NBER's Industrial Organization Program met February 8-9 at Stanford. Research Associates Eric Budish of the University of Chicago and Jean-Francois Houde of the University of Wisconsin-Madison organized the meeting. These researchers'...
Insurance
Members of the NBER's Insurance Working Group met February 8-9 at Stanford. Research Associates Benjamin R. Handel of the University of California, Berkeley and Motohiro Yogo of Princeton University organized the meeting. These researchers' papers...
The Labor Market for Financial Misconduct
Financial advisers in the United States manage over $30 trillion in investible assets, and plan the financial futures of roughly half of U.S. households. At the same time, trust in the financial sector remains near all-time lows. The 2018 Edelman Trust...
The Return of Survey Expectations
The use of survey expectations data was a key feature of macroeconomics in the 1950s and 1960s, and an important part of research at the NBER during that period. Yet this work slowly ground to a halt in the aftermath of the rational expectations revolution....
Transforming Rural Africa
An NBER conference on Transforming Rural Africa took place February 28-March 1 in Cambridge. Christopher B. Barrett of Cornell University, Abebe Shimeles and Hanan Morsy, both of the African Development Bank, and Research Associates Michael Carter...
What Inventions Are We Missing?
Academics and policymakers have long recognized that competitive markets may under-incentivize innovation. This concern has motivated the design of public policies such as the patent system, which aims to encourage research investments into new technologies...
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