Under standard parameterizations of demand for healthcare and health insurance, estimates in the literature imply that moral hazard accounts for as much as half of the total value of risk protection ...

We estimate the labor market impacts of Brazil’s 1993 outsourcing legalization using North-South variation in pre-legalization court permissiveness, and comparing security guards to less-affected ...

In previous work we have highlighted the importance of revisions to state constitutions that mandated that laws be general and uniform throughout the state. Indiana (in 1851) was the first state to ...

The well-known cashless-limiting result in Woodford (1998) has become the theoretical foundation for a large body of work that treats the costs and benefits of holding money as irrelevant for monetary ...

Fertility rates have fallen below replacement in most countries, fueling predictions of demographic collapse and even human extinction. These forecasts overlook a crucial fact: societies are not ...

Changes in childbearing affect almost every aspect of human existence. Over the last fifty years, American women have experienced dramatic changes in the ease and convenience of timing and limiting ...

Increasing the postsecondary attainment rate of college-age youth is an important economic priority in the U.S. and in other developed countries. Yet little is known about whether different forms of ...

James Poterba is the Mitsui Professor of Economics at the Massachusetts Institute of Technology and the President and CEO of ...

In addition to working papers, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the NBER Reporter, the NBER Digest, the Bulletin on Health, and the Bulletin on ...

Borrowers’ use of cashless payments improves their access to capital from FinTech lenders and predicts a lower probability of default. These relationships are stronger for cashless technologies ...

There has been a seismic shift in age-wealth profiles in the U.S. over years 1983 to 2022. The most notable is the sharp rise in the relative household wealth of age group 75 and over. Correspondingly ...

In addition to working papers, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the NBER Reporter, the NBER Digest, the Bulletin on Health, and the Bulletin on ...