National Bureau of Economic Research | NBER
Research associates Daron Acemoglu, Simon Johnson, and James Robinson have been awarded the 2024 Nobel Memorial Prize in Economic Sciences "for studies of how institutions are formed and affect prosperity." The Royal Swedish Academy of Sciences explained that the three scholars "contributed innovative research about what affects countries' economic prosperity."
Business Cycle Dating | NBER
The NBER’s Business Cycle Dating Committee maintains a chronology of US business cycles. The chronology identifies the dates of peaks and troughs that frame economic recessions and expansions. A recession is the period between a peak of economic activity and its subsequent trough, or lowest point. Between trough and peak, the economy is in an ...
How the US-China Trade War Affected the Rest of the World
U pendin g a decades-long effort to reduce global trade barriers, China and the United States began mutually escalating tariffs on $450 billion in trade flows in 2018 and 2019. These tariff increases reduced trade between the US and China, but little is known about how trade was affected in the rest of the world. In The US-China Trade War and Global Reallocations (NBER Working Paper 29562 ...
Research | NBER
On July 1, the Program on Children was renamed the Program on Children and Families. This change, which better captures the range of research carried out by its 171 affiliates, in part marks a return to the program’s roots. In 1993, the late Alan Krueger launched an NBER project on the Economics of Families and Children.
Unpacking the Causes of Pandemic-Era Inflation in the US
The annual inflation rate, as measured by the Consumer Price Index, was 1.7 percent in February 2021 but rose to more than 5 percent in June 2021. It continued rising for another year, peaking at about 9 percent in June 2022. The rise in the inflation rate has been attributed to many factors. The US response to the COVID-19 pandemic included a ...
Wealth Inequality in the United States - NBER
Jun 30, 2021 · However, from 2016 to 2019 there was actually a small decline in inequality, with the top percentile share down by 1.4 percentage points, the Gini coefficient down by 0.008, and the mean wealth of the top 1 percent down by 1.9 percent. Another notable trend is the sharp increase in relative debt after 1983, with the debt-income and the debt-net ...
The Role of Innovation and Entrepreneurship in Economic Growth
Mar 1, 2022 · The Role of Innovation and Entrepreneurship in Economic Growth. March 1, 2022. Michael Andrews, Aaron Chatterji, Josh Lerner, and Scott Stern, editors. We live in an era in which innovation and entrepreneurship seem ubiquitous, particularly in regions like Silicon Valley, Boston, and Research Triangle Park. But many metrics of economic growth ...
experienced an average decrease of 11.5 hours of work per week and a 21% decrease in weekly earnings, arnings for 52% of the sample, which again re ects s. variation in the e ects of COVID-19 across students. In terms of labor market expectations, on average, students foresee a 13 percentage points decrease in.
The Benefits of Rehabilitative Incarceration | NBER
Apr 6, 2020 · Figure 2. In Norway, the average time spent in prison is a little over six months, which is similar to most other Western European countries. This contrasts with average US prison time of almost three years, which is in large part the reason the United States is an outlier in its incarceration rate compared with the rest of the world [Figure 1].
The Effect of E-commerce Expansion on Local Retail | NBER
Aug 1, 2022 · E-commerce has dramatically altered retail in the last two decades, with online sales growing from 0.63 percent of total retail sales in 1999 to 13.3 percent in 2021.In Creative Destruction? Impact of E-commerce on the Retail Sector (NBER Working Paper 30077), Sudheer Chava, Alexander Oettl, Manpreet Singh, and Linghang Zeng study how the rise of online selling has affected brick-and-mortar ...