National Bureau of Economic Research News

Homes in Flood Plains May Be Overvalued by $34 Billion

At least 3.8 million U.S. homes lie in flood plains. Together, they may be overvalued by $34 billion. New research published Monday in a National Bureau of Economic Research working paper shows that markets fail to incorporate risks from flooding …

Why Working Until 70 Is Not Simple Solution to Retirement Crisis: Viewpoint

It may seem a simple solution to the brewing U.S. retirement crisis: Get people to work until 70 before retiring and 85 percent will have the money they need for retirement. They will save more during additional years in jobs …

Nobel Prize Awarded to ‘Nudge’ Theorist, Behavioral Economist Thaler

University of Chicago’s Richard H. Thaler, one of the founders of behavioral economics and finance, was awarded the 2017 Nobel Prize in Economics for shedding light on how human weaknesses such as a lack of rationality and self-control can ultimately …