Working Papers | NBER - National Bureau of Economic Research
The NBER distributes more than 1,200 Working Papers each year. Papers issued more than 18 months ago are open access. More recent papers are available without charge to affiliates of subscribing academic institutions, employees of NBER Corporate Associates, government employees in the US, journalists, and residents of low-income countries.
Business Cycle Dating | NBER
The NBER’s Business Cycle Dating Committee maintains a chronology of US business cycles. The chronology identifies the months of peaks and troughs of economic activity. Expansions are the periods between a trough and a peak; recessions are the periods between a peak and a trough. By convention, the NBER classifies the peak month as the last ...
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 …
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 ...
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.
US Business Cycle Expansions and Contractions | NBER
Mar 14, 2023 · US Business Cycle Expansions and Contractions. Recessions — contractions in economic activity — start in the month after a peak in the business cycle, and end in the month of the trough. Source NBER. Downloadable Excel File of Business Cycle Expansions and Contractions and .PDF version. JSON file format.
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].
Exploring 160 Years of the Black-White Wealth Gap | NBER
Aug 1, 2022 · T he wealth gap between White and Black Americans is nearly as large today as it was in the 1950s.. In Wealth of Two Nations: The US Racial Wealth Gap, 1860–2020 (NBER Working Paper 30101), Ellora Derenoncourt, Chi Hyun Kim, Moritz Kuhn, and Moritz Schularick construct a time series of the ratio of White-to-Black per capita wealth spanning a century and …
Research | NBER
The traditional 30-year, fixed-rate, nonassumable mortgage used by most home buyers in the United States can create strong disincentives to move when interest rates rise. In Household Mobility and Mortgage Rate Lock (NBER Working Paper 32781), Jack Liebersohn and Jesse Rothstein find that rising rates in the last three years have discouraged ...
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 ...