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Upward Income Mobility among the Sons of Immigrants
Exceeds that of the Sons of Native-Born Americans




An analysis of over a century’s data finds that sons of first-generation immigrants have greater upward income mobility than sons of US-born parents, according to a working paper featured in the February edition of the free, monthly NBER Digest. The income mobility difference between sons of immigrants and sons of the native-born does not vary significantly over time, despite extreme changes in the immigrants’ countries of origin and in US immigration policies. Also in the new issue of The Digest are summaries of studies on undeveloped oil reserves, private equity buyouts, air pollution information in China, worker representation on company boards, and use of antidepressants after school shootings.
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Bulletin on Health

Length of Life for Older Americans: Location Matters




The most recent issue of the Bulletin on Health features a study that examines the longevity of Medicare beneficiaries who move from one location to another.Using a panel of Medicare data, the researchers estimate that remaining life expectancy at age 65 increases by 1.1 years for a person moving from an area in the lowest 10 percent in terms of life expectancy impact to one in the highest 10 percent. Equalizing the effects of location would eliminate 15 percent of the variation in life expectancy across areas. Also featured in this issue of the Bulletin on Health are studies of birth outcomes at hospitals with relatively high C-section rates, and the effects of increased Medicaid reimbursement rates on patient access to care.
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The NBER Reporter

Report on the NBER's Health Care Program
Reviews Major Sources of High US Medical Costs




The lead article in the new NBER Reporter provides an overview of scores of working papers that explore Americans' soaring medical costs, their declining life expectancy, and impacts of the Affordable Care Act. Also in this edition of the free, quarterly Reporter, in which NBER researchers summarize work in sub-fields of economics, are articles on market concentration, financial market dynamics, behavioral health, and household expectations.
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New NBER Research

7 February 2020

Spillovers from Publicy-Supported R&D

Using OECD and French data, Enrico Moretti, Claudia Steinwender, and John Van Reenen find that increases in government-funded R&D for an industry or a firm result in significant increases in private sector R&D.

6 February 2020

The Impact of Europe's Data Rules on the Internet

The European Union’s General Data Protection Regulation has had no effect on the number or types of interconnection agreements between independently operated networks and the Internet, Ran Zhuo, Bradley Huffaker, KC Claffy, and Shane Greenstein find.

5 February 2020

Financial Stability and Transmission of Monetary Policy

When banks face capital constraints, monetary policy easing by the central bank may be less effective than otherwise because these constraints impair both the bank-lending channel and the central bank's lender-of-last-resort function, according to a study by Viral V. Acharya, Björn Imbierowicz, Sascha Steffen, and Daniel Teichmann.
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A Review of Business Cycle Dating at the NBER:
Its Beginning, Evolution, and Possible Future Revision

In observance of the 100th birthday of the National Bureau of Economic Research, present-day researchers wrote papers and made presentations at this year’s annual meeting of the American Economic Association, concentrating on major contributions to economic science by early leaders of the organization. Research Associate Christina Romer of the University of California, Berkeley described the evolution of business cycle dating, an activity that has made the NBER the quasi-official arbiter of recessions and recoveries in the United States.
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Innovation Policy and the Economy,
Volume 20, Now Available


Edited by NBER Research Associates Josh Lerner and Scott Stern, the latest volume in the Innovation Policy and the Economy series explores changes in the ability of the United States to attract talented foreign workers, the role of sponsoring institutions in shaping immigration policy, the division of innovative labor between research universities and corporate labs, the effectiveness of various innovation policies in the pharmaceutical sector, effects of competition policy, uses of experimental policy design, and geographic disparities in innovation, joblessness, and technological dynamism.

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Bulletin on Retirement and Disability

The Role That Self-Employment Plays
in Facilitating Work at Older Ages




Understanding the trends in self-employment at older ages is increasingly important as more Americans work into their later years. Results of a survey on self-employment is summarized in the winter issue of the free Bulletin on Retirement and Disability. The research shows that the share of self-employed rises sharply with age and that highly educated older adults are considerably more likely to be self-employed than less-educated workers. Also featured in this issue: a summary of research on trends in retirement income adequacy, an exploration of research on the retirement income choices of defined contribution plan participants, and a Q & A with newly appointed Retirement and Disability Research Center co-director James Choi.
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