This volume presents five new studies on taxation and government transfer programs. Alexander Blocker, Laurence Kotlikoff, Stephen Ross, and Sergio Villar Vallenas show how asset pricing can be used to value implicit fiscal debts, which are currently...

This volume contains six studies on current topics in macroeconomics. The first shows that while assuming rational expectations is unrealistic, a finite-horizon forward planning model can yield results similar to those of a rational expectations equi...

ersonalized and precision medicine (PPM) – the targeting of therapies according to an individual's genetic, environmental, or lifestyle characteristics – is becoming an increasingly important approach in health care treatment and prevention. The adva...

This volume highlights the interaction between public policy and innovation. The first chapter documents the dramatic globalization of R&D and how this development has affected the efforts of  U. S. multinationals to operate on the global technology...

Over the past few decades, US business and industry have been transformed by the advances and redundancies produced by the knowledge economy. The workplace has changed, and much of the work differs from that performed by previous generations. Can hum...

What circumstances or behaviors turn poverty into a cycle that perpetuates across generations? The answer to this question carries especially important implications for the design and evaluation of policies and projects intended to reduce poverty. Ye...

Immigration policy is one of the most contentious public policy issues in the United States today. High-skilled immigrants represent an increasing share of the U. S. workforce, particularly in science and engineering fields. These immigrants affect e...

Volume 32 of the NBER Macroeconomics Annual features six theoretical and empirical studies of important issues in contemporary macroeconomics, and a keynote address by former IMF chief economist Olivier Blanchard. In one study, SeHyoun Ahn, Greg Kapl...

Since the late 1950s, the engineering job market in the United States has been fraught with fears of a shortage of engineering skill and talent".U. S. Engineering in a Global Economy" brings clarity to issues of supply and demand in this important ma...

The six research studies in Volume 32 of Tax Policy and the Economy analyze the U. S. tax and transfer system, in particular its effects on revenues, expenditures, and economic behavior. First, James Andreoni examines donor advised funds, which are f...