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NBER Reporter articles from September 1996
Online publication provides economic research to policymakers, business professional and the academic community. The topics include, banks, financial markets, health insurance, labor market, technology and more.
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NBER Reporter archives from September 1996
Economic fluctuations and growth.
September 22, 1996... The U.S. economy has enjoyed uninterrupted growth since the trough of the last recession in the spring of 1991. As unemployment has declined to just over 5 percent, attention has turned increasingly to issues of longer-run macroeconomic...
Heterogeneity in schooling, uncertainty, and the return to education.
September 22, 1996... There is an enormous empirical literature on human capital and earnings that has grown out of work by Jacob Mincer, Gary Becker, and other pioneers. Much of the research focuses on measuring the value of a year spent in school.(1) But in recent...
Labor markets and public assistance programs.
September 22, 1996... The current heated debate over welfare reform focuses on getting more welfare recipients to work. The effectiveness of changes in the design of welfare programs depends heavily on the economic environment surrounding these programs. Changes in...
Banks and security markets.
September 22, 1996... What do banks do (that markets cannot do)? In the United States in 1845, the answer would have been that banks made loans and issued mortgages, but their most important role was to provide a medium of exchange by issuing private money.(1) By the...