National Bureau of Economic Research

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Coronavirus Pandemic Research

COVID-19 Mortality Lower in Higher-Ranked Nursing Homes

Nursing home residents account for more than 35 percent of deaths from COVID-19 in the United States. NBER Research Associate William Evans and Christopher Cronin, both of the University of Notre Dame, report substantial differences across nursing homes in the mortality rate from the virus. Their new working paper (28012) finds that facilities that achieved a five-star rating from the Centers for Medicare and Medicaid Services reported substantially lower COVID-19 death rates than lower-ranked nursing homes. This differential was largely offset, however, by increased rates of non-COVID-19 mortality in highly ranked nursing homes. Evans describes these results in the video below. An archive of NBER videos on pandemic-related topics may be found here.

 

Seven NBER working papers distributed this week investigate the COVID-19 pandemic, its economic effects, and the public health and economic responses to it. One study analyzes the relationship between nursing home quality and the number of COVID-19 deaths (28012). A second examines the impact of the pandemic on educational attainment (28022), while a third assesses the economic returns to a regime of expanded virus testing (28031). One study estimates the effects of the Paycheck Protection Program on employment and firm survival (28032), while another considers the potential impact of credit market policies during the pandemic in light of experiences during the Great Recession (28039). One paper finds that political polarization has not increased during the pandemic (28036); another develops a new algorithm, using monthly data, for forecasting country-level economic growth, and describes potential applications in designing pandemic response policies (28014).

More than 290 NBER working papers have presented pandemic-related research. These papers are open access and have been collected for easy reference. Like all NBER papers, they are circulated for discussion and comment, and have not been peer-reviewedThey may be viewed in reverse chronological order or by topic area.


From the Bulletin on Health

...a free summary of recent NBER Working Papers on health topics, distributed three times a year

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Alzheimer’s disease is a progressive disease of the brain that is the leading cause of dementia in the United States, afflicting an estimated five million Americans. As shown in the figure, the prevalence, costs, and human toll of this disease are vast, and expected to increase over time. Given these sobering statistics, Alzheimer’s disease is a critical priority for research and public policy in the United States. In order to encourage new economic research on this...

From the NBER Digest

...a free monthly publication of non-technical summaries of research on topics of broad public interest

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Football and basketball, which attract many players from lower-income backgrounds, subsidize money-losing sports which are often played by more affluent athletes. Strict limitations on player compensation in revenue-generating college sports such as men’s football and basketball result in a transfer of resources away from student-athletes in those sports, who are more likely to be from lower-income households, to those in other sports. The student-athletes in the...

From the NBER Reporter

...a presentation of the 2020 Martin S. Feldstein Lecture

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Author(s): Claudia Goldin
My talk will take us on a Journey across a Century of Women — a 120-year odyssey of generations of college-graduate women from a time when they were only able to have either a family or a career (sometimes a job), to now, when they anticipate having both a family and a career. More women than ever before are within striking distance of these goals. Fully 45 percent of young American women today will eventually have a BA degree, and more than 20 percent of them will obtain...

New Officers, Directors, and Affiliates Named

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At its meeting in September, the NBER Board of Directors elected John Lipsky chair and Peter Blair Henry vice chair of the NBER. Four new directors joined the board and 44 researchers were named NBER research associates or faculty research fellows research associates.


From the Bulletin on Retirement and Disability

...a free quarterly summarizing research in the NBER's Retirement and Disability Research Center

The 2020 NBER Summer Institute's Economics of Social Security meeting featured a panel discussion on the implications of the COVID-19 pandemic for Social Security in the US. NBER President James Poterba introduced the panel by noting that COVID-19 may affect Social Security in many ways, including effects on the economy, health, and mortality, while also acknowledging the current early state of research with respect to the pandemic and its long-term effects. James Stock (...
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Facing rising life expectancies and falling birth rates, many countries have raised retirement ages in their public pension programs to ameliorate long-run fiscal deficits. In the US, the normal retirement age has gradually been rising from age 65 and will reach age 67 for those born in 1960 or later. Public pension retirement ages — including the early retirement age (ERA) when benefits are first available and the normal retirement age (NRA) around which the benefit...

Featured Working Papers

The rate at which US PhDs in science and engineering start new firms has declined precipitously since 1997, which Thomas Astebro, Serguey Braguinsky, and Yuheng Ding link to a long-term earnings decline by founders, to greater work complexity in R&D, and to more administrative work.

Essential workers comprise a large share of the labor force and tend to mirror its characteristics, while the narrower category of frontline workers is, on average, less educated, has lower wages, and has more men, disadvantaged minorities, and immigrants, Francine D. Blau, Josefine Koebe, and Pamela A. Meyerhofer find

In a study of the growth of Chinese firms over the 1992-2014 period, Davin Chor, Kalina Manova, and Zhihong Yu find that as firms expand, they tend to cover more stages of production, raising both demand for inputs and value added in production.   

Segregation of the civil service under President Woodrow Wilson increased the Black wage penalty by 7 percentage points, largely as a result of reallocation of already-serving Black employees to lower-paid positions, according to a study by Abhay Aneja, and Guo Xu

Kristin Forbes, Ida Hjortsoe, and Tsvetelina Nenova find that exchange rate movements are more likely to be passed through to prices when these movements are the result of shocks to monetary policy than when they are the result of shocks to aggregate demand.

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Books & Chapters

Through a partnership with the University of Chicago Press, the NBER publishes the proceedings of four annual conferences as well as other research studies associated with NBER-based research projects.

Interviews

NBER researchers discuss their work on subjects of wide interest to economists, policymakers, and the general public. Recordings of more-detailed presentations, keynote addresses, and panel discussions at NBER conferences are available on the Lectures page.
Interview
Nursing home residents account for more than 35 percent of deaths from COVID-19 in the United States. NBER Research...
Interview
The COVID-19 pandemic has led to unprecedented fiscal actions in many nations, as governments have increased spending...
Interview
The COVID-19 pandemic has taken a particularly heavy toll on the elderly in the United States and other nations,...
Interview
The speed and geographic variation of the COVID-19 economic decline has placed a premium on higher-frequency...
Interview
The COVID-19 pandemic led primary and secondary schools across the US to close their doors and shift to on-line...
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