NBER Reporter articles from June 2000

NBER Reporter archives from June 2000

Program on Children.
June 22, 2000... Jonathan Gruber [*] Policymakers and the public in general have shown intense interest in recent years in issues related to the well-being of children. For example, the 1997 Children's Health Insurance program, which potentially made...

Stock Markets, Behavior, and the Limits of History.
June 22, 2000... William N. Goetzmann [*] Like many of my colleagues in financial economics, I have long been fascinated by the dynamics of the stock market. While the highs and lows of the Dow Jones Industrials Index are a topic of constant discussion in...

Special Interest Groups and Economic Policy.
June 22, 2000... Elhanan Helpman [*] In the idealized democratic society; economic policy is determined by "one man, one vote." But in all real societies, special interest groups play an important role in the process that determines economic policy....

Research on Pensions and Social Security.
June 22, 2000... Thomas L. Steinmeier [*] Pensions and Social Security are fundamental parts of saving. They each account for about a quarter of the $500,000 in total wealth held on average by families approaching retirement age. [1] Pensions have a large...

Technology and the Stock Market.
June 22, 2000... Boyan Jovanovic [*] This article reviews my work on the relationship between technological change and the stock market. My co-authors in this area are Jeremy Greenwood, Bart Hobijn, and Peter L. Rousseau. The papers that we have written so...

Peter C. Aldrich.(Brief Article)
June 22, 2000... Peter C. Aldrich has been a Director-at-Large of the NBER since 1994. He is the founder, and recently retired Chairman, of AEW Capital Management, one of the oldest real estate investment advisors in the United States. Aldrich is also Chairman...

William N. Goetzmann.(Brief Article)
June 22, 2000... William N. Goetzmann is a Research Associate in the NBER's Program on Asset Pricing and the Edwin J. Beinecke Professor of Finance and Management Studies at the Yale School of Management. He has taught at the Yale School of Management for five...

Elhanan Helpman.(Brief Article)
June 22, 2000... Elhanan Helpman has been a Research Associate in the NBER's Programs on International Finance and Macroeconomics and International Trade and Investment since 1985. He is also a professor of economics at Harvard University and the Archie Sherman...

Boyan Jovanovic.(Brief Article)
June 22, 2000... Boyan Jovanovic has been a Research Associate in the NBER's Program on Productivity since 1991 and is a professor of economics at New York University. Jovanovic received a B.Sc. and M.Sc. from the London School of Economics and a Ph.D. in...

Industrial Organization of Medical Care.(NBER conference)
June 22, 2000... As part of its ongoing research on health care, the NBER held a Conference on the Industrial Organization of Medical Care in Nashville, Tennessee, on April 26-29. David, M. Cutler, NBER and Harvard University, organized the program, which...

Asset Pricing and Portfolio Allocation.(NBER conference)
June 22, 2000... An NBER--Universities Research Conference on "Asset Pricing and Portfolio Allocation," organized by Michael W. Brandt, University of Pennsylvania, and John C. Heaton, University of Chicago, took place in Cambridge on May 12 and 13. The program...

Trans-Atlantic Public Economics Seminar.
June 22, 2000... The NBER's annual Trans-Atlantic Public Economics Seminar, on "Taxation of Financial Income," took place in Gerzensee, Switzerland, on May 22-4. Roger H. Gordon, NBER and University of Michigan, and Philippe Bacchetta, Studienzentrum...

Frontiers in Health Policy Research.(Brief Article)
June 22, 2000... The NBER held its fourth annual conference on Frontiers in Health Policy Research in Arlington, Virginia, on June 14. NBER Health Care Program Director Alan M. Garber of Stanford University organized this program: Michael J. Moore, NBER...

NBER Conference in Shanghai.(National Bureau of Economic Research)(Brief Article)
June 22, 2000... The third annual NBER-CCER Conference, jointly sponsored by the National Bureau of Economic Research and the China Center for Economic Research at Peking University, took place in Shanghai on July 2 and 3. This year's conference focused on...

Mullainathan is 2000/1 Griliches Fellow.(Sendhil Mullainathan, Zvi Griliches Fellowship)(Brief Article)
June 22, 2000... Sendhil Mullainathan, an NBER Faculty Research Fellow in the Labor Studies and Corporate Finance Programs and the Mark Hyman, Jr. Career Development Associate Professor of Economics at MIT, has been selected to receive the first Zvi Griliches...

Public Economics.
June 22, 2000... The NBER's Program on Public Economics held its spring meeting in Cambridge on April 13 and 14. Program Director James M. Poterba of MIT organized the following agenda: John P. Conley, University of Illinois, and Antonio Rangel, NBER and...

Environmental Economics.(Brief Article)
June 22, 2000... The NBER's Project on Environmental Economics met in Cambridge on April 13. Project Director Don Fullerton of the University of Texas at Austin chose the following papers for discussion: Richard J. Arnott, NBER and Boston College, and An Yan,...

Corporate Finance.(NBER conference)
June 22, 2000... The NBER's Program on Corporate Finance met in Cambridge on April 14. Program Director Raghuram Rajan of the University of Chicago chose the following papers for discussion: Eugene F. Fama, University of Chicago, and Kenneth R. French, NBER...

Monetary Economics.(NBER conference)
June 22, 2000... The NBER's Program on Monetary Economics met in Cambridge on April 28. Christopher D. Carroll, NBER and Johns Hopkins University; and Stephen G. Cecchetti, NBER and Ohio State University, organized the program and chose the following papers for...

Higher Education.
June 22, 2000... The NBER's Working Group on Higher Education, directed by Charles T. Clotfelter of Duke University, met in Cambridge on May 5. The program was: Jeffrey Groen and Michelle J. White, University of Michigan, "In State versus Out-of-State...

Behavioral Finance.(NBER conference)
June 22, 2000... The NBER's Working Group on Behavioral Finance met in Cambridge on May 6. Robert Shiller, NBER and Yale University, and Richard H. Thaler, NBER and University of Chicago, organized the program and chose the following papers for discussion: ...

Market Microstructure.(Brief Article)
June 22, 2000... The NBER's Working Group on Market Microstructure met in Cambridge on May 11. Organizers Bruce N. Lehmann, University of California, San Diego; Andrew W. Lo, NBER and MIT; Matthew Spiegel, Yale University; and Avanidhar Subrahmanyam, University...

Japan Project Meeting.(Brief Article)
June 22, 2000... Members and guests of the NBER's Japan Project met in Cambridge on May 12 and 13. Fumio Hayashi, NBER and University of Tokyo, and Anil K Kashyap, NBER and University of Chicago, organized the meeting. The formal program for the second day was:...

The Role of Foreign Direct Investment in East Asian Economic Development.(Review)
June 22, 2000... The Role of Foreign Direct Investment in East Asian Economic Development, edited by Takatoshi Ito and Anne O. Krueger, is now available from the University of Chicago Press for $60. This is Volume 9 in the series NBER-East Asia Seminar on...

Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies.(Review)
June 22, 2000... Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, edited by Sebastian Edwards, is available from the University of Chicago Press for $50. This book treats the large movements of capital that triggered the...

The Impact of International Trade on Wages.(Review)
June 22, 2000... The Impact of International Trade on Wages, edited by Robert C. Feenstra, is available from the University of Chicago Press for $62. Since the early 1980s, the U.S. economy has experienced a growing wage differential between low-and...

Currency Crisis.(Review)
June 22, 2000... Currency Crises, edited by Paul Krugman, will be available in August from the University of Chicago Press for $47. Currency crises occur when investors flee a currency in large numbers out of concern that it might be devalued (further),...

Concentrated Corporate Ownership.(Review)
June 22, 2000... Concentrated Corporate Ownership, edited by Randall K. Morck, is available from the University of Chicago Press for $62. In most countries, ownership of corporations is concentrated in the hands of a few major stockholders, while U.S. and...

Administrative Aspects of Investment-Based Social Security Reform.(Review)
June 22, 2000... Administrative Aspects of Investment-Based Social Security Reform, edited by John B. Shaven, will be available in August from the University of Chicago Press for $38. This NBER conference volume presents the first comprehensive analysis of...