Word: researchers
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Dates: during 1970-1979
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After Mitchell's tenure, John R. Meyer, president of the bureau from 1967 to 1977, extended the range of the NBER's research from simply empirical studies to areas that include more social concerns such as the economy of the family and income distribution. But the federal government itself now produces the statistics the bureau pioneered. And under Feldstein, who took office in spring of 1977, "The nature of the bureau has changed to more theory instead of statistics and number games," Takatoshi Ito, a research assistant, says...
...renewal," he says. "Now, it has been renewed." Eckstein adds that a factual and empirical focus is not subject ot renewal; the NBER's first president began the bureau in a rebellion against the theoretical thrust of economics at that time. But because it is impossible to dictate what research will improve the performance of the U.S. economy, Eckstein says research must be done without prior expectations. "Goal-oriented research has traditionally been a failure," he adds...
...change reflects the wealth of the community. "It's a very good index of inequality of income. We're using it to investigate patterns by which different income and wealth existed and the circumstances under which they disappear and diminish," Fogel explains. He adds that a number of researchers felt there was a glaring absence of the kind of information about the American economy. "Through the bureau we're filling a very important vacuum in research," he says...
...fact, the NBER strives to remain research-oriented and discount a project's lack of immediate application. The federal government funds many of the bureau's projects through the National Science Foundation and through individual agencies for which NBER does work. But NBER's charter states, "the bureau makes no recommendations on legislation or policy, only determines economic factors with impartiality...
Albert E. Rees, honorary research associate in Economics, on leave for the year from Princeton, says he doesn't expect immediate results' from his studies of youth unemployment. Still, he says he has found that whether a teenager is employed bears no relation to his parents' employment status, but rather it seems to correspond to whether his brothers and sisters have jobs...