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Laibson will collaborate with Harvard Kennedy School Professor Brigitte C. Madrian, Yale School of Management Professor James J. Choi ’98, and post-doctoral fellow at the NBER John Beshears ’04. Laibson said his team’s research will work to “[bring] back grandmother’s and grandfather’s advice”—such as getting regular flu shots—to the modern...
Call it the law of unintended consequences: according to a study released Monday by the National Bureau of Economic Research (NBER), tax reforms enacted in the last 30 years have led to messier homes...
Gelber and Mitchell's study for the NBER, a nonpartisan research group, does not explore whether the tradeoff of less housework for more paid labor is for good or ill. "That's up to policymakers to decide, according to their values," says Gelber. But signs point to housework as becoming less valuable to all levels of society; new data even suggests an ultra-clean home may not be the best environment for children. According to anthropologists at Northwestern University, a lack of exposure to dirt and germs could put them at increased risk for inflammation when they grow...
...Where 401(k)s Go Wrong In theory, 401(k)s should provide much more of a retirement cushion than they do. A 2007 study from the National Bureau of Economic Research (NBER) estimated that, on the basis of historical returns, by 2040 the average 401(k) of a near retiree would grow to an inflation-adjusted $451,944. That money, spread over 30 years, could replace at least 50% of the average retiree's income. Add Social Security and even highly paid workers will probably earn more than 80% of their preretirement income. "The only reason these accounts haven...
Times were good for Marty back in '05. President of NBER, a rumored contender for Chairman of the Federal Reserve, board member of leading insurer AIG. And then things went south--like Marty on his India trip! Check out the pics here...