Skip to main content

National Bureau of Economic Research

Conducting and disseminating nonpartisan economic research

Latest from the NBER

A research summary from the monthly NBER Digest

AI Tools and Scientific Innovation figure

AI Tools and Scientific Innovation

article

Determining a protein’s structure—the three-dimensional shape that determines how it functions and how drugs might interact with it to influence disease pathways—has historically required months or even years of costly laboratory experiments. In July 2021, virtually overnight, Google DeepMind’s AlphaFold2 algorithm generated predicted structures for hundreds of thousands of proteins and made them freely available in a public database. This represented one of the most discrete and well-defined AI shocks to any scientific field to date.

In How Artificial Intelligence Shapes Science: Evidence from AlphaFold (NBER Working Paper 35143), Ryan R. Hill and Carolyn Stein study how AlphaFold2’s release...

From the NBER Reporter: Research, program, and conference summaries

Innovative Investments in Local Jails figure

Innovative Investments in Local Jails

article

In research conducted in collaboration with Arkey Barnett at the University of Michigan and Meghan Beal at the National Sheriffs’ Association, we investigate the effects of innovative investments in local jails that aim to improve health and rehabilitation outcomes for incarcerated individuals and their communities. The US has one of the highest incarceration rates in the world, with nearly 2 million people detained in correctional facilities every year. While most people are held in state or federal prisons, local jails house 546,000 individuals across 3,116 facilities, the majority of whom are not convicted. Local jails serve as the front door to the criminal justice system, with more than 7.6 million admissions per year and a significant share of those released being rebooked within the same year, revealing a persistent…

From the NBER Bulletin on Health

How Inspection Timing Affects Care Quality in US Nursing Homes

How Inspection Timing Affects Care Quality in US Nursing Homes

article

Nursing homes certified by the Centers for Medicare & Medicaid Services to provide care and receive public reimbursement through Medicare and Medicaid are subject to mandatory annual inspections. While inspections are unannounced, they typically occur on an approximately yearly basis, as 74 percent of inspections take place between 40 and 60 weeks after the previous one. The average gap is around 53 weeks. Due to the cyclical nature of inspections, nursing home operators are able to anticipate when an inspection is likely and adjust their behavior accordingly. They appear to devote more effort to patient care when inspections are approaching.

In Predictably Unpredictable Inspections (NBER Working Paper 34491), Ashvin GandhiAndrew Olenski, and Maggie Shi study how the predictability of nursing home inspections shapes facility effort and patient...

From the NBER Bulletin on Entrepreneurship

Mixed Immigrant-Native Founding Teams Excel Figure

Mixed Immigrant-Native Founding Teams Excel

article

Roughly one-quarter of new employer businesses in the United States are started by immigrants. Immigrant inventors have been responsible for approximately 23 percent of US patents produced since 1976 despite making up only 16 percent of the total US-based inventor population. Yet immigrant entrepreneurs usually do not build companies in isolation—many cofound startups alongside US-born entrepreneurs. In Native-Immigrant Entrepreneurial Synergies (NBER Working Paper 33804), Zhao JinAmir Kermani, and Timothy McQuade examine whether startups cofounded by immigrant and native entrepreneurs outperform those with founders from exclusively one...

Featured Working Papers

Between 1980 and 2019, an increase in US R&D spending shock equal to about 1 percent of the federal R&D capital stock raised foreign total factor productivity by 1 percent after 12 years, according to Gustavo De Souza, Andrew J. Fieldhouse, Karel Mertens, Ishan B. Nath, and Valerie A. Ramey. They estimate that global social returns to US public nondefense R&D are twice domestic returns. 

After online listing platforms began displaying property-level flood scores, homes labeled "extreme" flood risk sold at a 3.3 percent discount on average, and at a multiple of that discount in coastal areas, relative to otherwise similar homes with "severe" risk , according to Stephen B. Billings, Sophie Calder-Wang, and Weiling Liu.

Quebec's $5-a-day universal childcare program raised mothers' employment and earnings long after their children aged out of preschool. Higher tax remittances and lower social assistance and employment insurance receipts recaptured an estimated 75 to 117 percent of the program's upfront costs, according to Michael BakerJonathan Gruber, and Kevin S. Milligan.

Michele FiorettiKavanaugh FitzPatrickAlessandro Iaria find that US sanctions cut Venezuelan oil output by two-thirds while gas flared per barrel rose from 20.3 to 48.1 cubic meters, roughly a two-and-a-half-fold increase driven by surviving fields straining aging infrastructure and deferring maintenance.

Pension funds reduce their fixed income portfolio share when local currency bond yields fall. In the US,  pension funds cut their portfolio share of bills and bonds from over 35 percent in the 1980s to below 15 percent in recent years, while raising holdings of mutual funds and alternative assets, according to Ding DingXiang FangBryan Hardy, and Karen K. Lewis.

View all

Books & Chapters

Through a partnership with the University of Chicago Press, the NBER publishes the proceedings of four annual conferences as well as other research studies associated with NBER-based research projects.

Videos

Recordings of presentations, keynote addresses, and panel discussions at NBER conferences are available on the Videos page.

Sign-Up for New This Week: The Weekly Announcement of New NBER Working Papers
Learn More about NBER Research Activities