NBER Reporter articles from December 2004

NBER Reporter archives from December 2004

Asset pricing: liquidity, trading, and asset prices.(Program Report)
December 22, 2004... Members of the NBER's Asset Pricing Program produce over 100 working papers in a typical year. These papers are spread over an astonishing range of topic areas. Naming the papers written in the four and a half years since the last program...

Infant and child health.(Research Summaries)
December 22, 2004... The U.S. infant mortality rate, defined as the number of deaths before age one per 1000 live births, fell from 12.6 in 1980 to 6.9 in 2000, a decline of 45 percent. (1) Over this same period, the total age-adjusted death rate in the United...

Short sale constraints and overpricing.(Research Summaries)
December 22, 2004... Short sale constraints--including various costs and risks of shorting, as well as legal and institutional restrictions--can allow stocks to be overpriced. If these impediments prevent investors from shorting certain stocks, then these stocks...

Historical perspectives on racial economic differences: a summary of recent research.(Research Summaries)
December 22, 2004... Few public policy debates in the United States are as contentious or as long lasting as those arising from racial economic differences. Historical perspective is essential to these debates because history casts a long shadow--what happened in...

Marijuana use and policy: what we know and have yet to learn.(Research Summaries)
December 22, 2004... Marijuana is the most widely used illicit drug, with over 25 million individuals in 2003 estimated to have used marijuana in the past year. (1) Although prevalence rates for the general population have been relatively stable over the past...

NBER profile: Ted Joyce.(Research Summaries)(Brief Article)(Biography)
December 22, 2004... Ted Joyce is an NBER Research Associate in the Programs on Health Economics and Children and a Professor of Economics at Baruch College and the Graduate Center of the City University of New York. He is also the Academic Director of the...

NBER profile: Owen A. Lamont.(Research Summaries)(Brief Article)
December 22, 2004... Owen A. Lamont is a Research Associate in the NBER's Programs in Monetary Economics, Asset Pricing, Corporate Finance, and Economic Fluctuations and Growth. He is also a Professor of Finance at Yale School of Management, where he teaches a...

NBER profile: Robert A. Margo.(Research Summaries)(Brief Article)
December 22, 2004... Robert A. Margo is a Research Associate in the NBER's Programs on the Development of the American Economy and Labor Studies and a Professor of Economics and History at Vanderbilt University in Nashville, Tennessee. He received his B.A. from the...

NBER profile: Rosalie Liccardo Pacula.(Research Summaries)(Brief Article)
December 22, 2004... Rosalie Liccardo Pacula is a Faculty Research Fellow in the NBER's Programs on Health Economics and Children and an economist at RAND, working in the Health Program and Drug Policy Research Center. Pacula received her B.S. in economics and...

Japan conference.(conference on Japanese economy by National Bureau of Economic Research, Center for International Research, Centre for Economic Policy Research and European Institute of Japanese Studies)
December 22, 2004... The high correlation between graduating from a selective college and success in the labor market has been observed in many countries. There are two major explanations for this finding: either graduating from selective colleges causes success in...

Globalization and Poverty.(Conferences)
December 22, 2004... An NBER Conference on "Globalization and Poverty," organized by Research Associate Ann Harrison, University of California, Berkeley, took place on September 10-12. One of the biggest concerns of globalization's critics is its impact on the...

NBER researcher shares Nobel Prize in Economics.(Bureau News)
December 22, 2004... NBER Research Associate Edward C. Prescott of the University of Arizona will share the 2004 Nobel Prize in Economics with Finn Kydland. Prescott has been affiliated with the NBER since 1988 and is a member of the Program on Economic...

Organizational economics.(Bureau News)(meeting of National Bureau of Economic Research's Working Group on Organizational Economics)
December 22, 2004... The NBER's Working Group on Organizational Economics, directed by NBER Research Associate Robert S. Gibbons of MIT, held its third annual meeting on November 5-6. The papers presented covered many of the working group's major themes,...

The Inflation-Targeting Debate.(Bureau Books)(Book Review)
December 22, 2004... The Inflation-Targeting Debate, edited by Ben S. Bernanke and Michael Woodford, is available from the University of Chicago Press for $85.00. Over the past fifteen years, a significant number of industrialized and middle income countries...

Emerging Labor Market Institutions for the Twenty-First Century.(Bureau Books)(Book Review)
December 22, 2004... Emerging Labor Market Institutions for the Twenty-First Century, edited by Richard B. Freeman, Joni Hersch, and Lawrence Mishel, is available from the University of Chicago Press for $65.00 Private-sector unionism, which historically has...

Innovation Policy and the Economy, Volume 5.(Bureau Books)
December 22, 2004... Innovation Policy and the Economy, Volume 5, edited by Adam B. Jaffe, Josh Lerner, and Scott Stern, available from the MIT Press. The paperback volume price is $30.00, the clothbound volume is $60.00. This volume is the latest in an annual...

NBER working papers on-line.(Current Working Papers)
December 22, 2004... A complete list of all NBER Working Papers with searchable abstracts, and the full texts of Working Papers (issued since November 1994) are available at http://www.nber.org/wwp.html to anyone located at a university or other organization that...