Even opponents of open immigration often support temporary guest workers entering the U.S. on the H1-B visa program. But do immigrants skilled in science and technology undercut wages for U.S. workers? Quite the contrary, according to a new paper from…
The legalization of marijuana for medicinal purposes has increased its abuse and dependence, as well as binge drinking, in Americans over 21, according to a study from the National Bureau of Economic Research. Why do economists care? Productivity loss.
There's a spatial mismatch between the availability of jobs and the people who need them most. There are various ways to close that physical distance, from the individual to public policy level. A new paper from the National Bureau of…
We all know generics are cheaper. But how much cheaper? Economists find a 38 to 48 percent decline in the prices of physician-administered drugs after the drugs' patents have expired. The decline is slightly lower for oral drugs.
Washington is forever arguing over benefit increases versus tax cuts to stimulate the economy. In a paper from the National Bureau of Economic Research, former Obama economic adviser Christina Romer and her husband show that tax cuts deliver a more…
Mansions, especially in New York City and New Jersey, are often worth more than $1 million. But they're not always being sold for that much. Economists from the National Bureau of Economic Research explain why.
There's something increasing volatility on securities markets. Researchers from the National Bureau of Economic Research take a closer look at Exchange Traded Funds (ETFs), whose rapid rise over recent decades seems to be having a big impact on the stocks…
Over the past 64 years, from Harry Truman's first elected term through Barack Obama's first term, the economy has grown faster when Democrats are in the White House. How much of that is good policy versus good luck?…
The revolving door is a popular scapegoat for regulatory inefficiency, but new research from the National Bureau of Economic Research suggests it shouldn't be blamed. Furthermore, locking the doors between the private and public sectors could actually make regulatory agencies…
When the Fed chair speaks, emerging markets take note. New research about their reaction to the Fed's early hints of tapering raises bigger questions about global financial integration and the Fed's transparency.
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