STAT reporter Orly Nadell Farber writes about a new study by Prof. Amy Finkelstein that challenges the widely held assumption that a large portion of Medicare spending goes towards end-of-life care. “We spend money on sick people — some of them die, some of them recover,” says Finkelstein. “Maybe some recover, in part, because of what we spent on them.”
BBC reporter Dave Edmonds speaks to Prof. Esther Duflo, co-founder of J-PAL, about her use of field studies and randomized control trials to test the effectiveness of programs in developing countries. Duflo explains that by examining data from randomized control trials, “out of the noise emerges some kind of melody of the logic of behavior.”
In an article for Bloomberg News, Prof. Daron Acemoglu writes about how countries that democratize tend to see faster rates of economic growth. Acemoglu notes that what tends to spur economic growth is how, “democracies increase taxes and spend more on education and health, preparing the economy to achieve greater productivity in the decades to come.”
Prof. Erik Brynjolfsson discusses the lack of economic measurement of free web services on the BBC World Service podcast, Tech Tent. The ability to measure the impact of technological advances might help us “understand that the last 10 years had not been as bad as we thought for our incomes,” explains BBC presenter Rory Cellan-Jones.
In an article for Salon, Associate Prof. Noelle Eckley Selin and postdoc Sae Yun Kwon discuss their latest research, which examined emissions in China. They write that although mercury pollution is often associated with fish consumption, “China’s future emissions trajectory can have a measurable influence on the country’s rice methylmercury” levels, as well.
The Economist explores the basics of free trade, its benefits and downsides, with Prof. John Van Reenen. “With free trade, you come into more contact with foreign companies, new ideas, new people and so on,” explains Van Reenen. “That’s mutually beneficial. And it is a political force for cooperation.”
Data USA, a website built by Associate Prof. César Hidalgo in collaboration with Deloitte and Datawheel, provides prospective college students with comprehensive data on U.S. universities, revealing “metrics on topics like the most popular degrees, the breakdown of faculty by gender, the student loan default rate, and the amount of federal funding universities receive,” writes Katharine Schwab for Co.Design.
Prof. Parag Pathak, winner of the John Bates Clark Medal, speaks to The Wall Street Journal’s Michelle Hackman about his research on school choice. “What I sometimes find frustrating in conversations about student achievement is they often get sidetracked from the issue of school quality,” Pathak says. “Our job as researchers is exploring the nuances and subtleties.”
In an opinion piece for The Boston Globe, two Sloan students and their co-authors argue that “business school leaders, instructors, and students must bring workers’ perspectives into the MBA curriculum.” They caution that, “an economy that delivers gains only to the top will suffer ills far worse than inefficiency.”
Using several comparative models, a new study led by MIT researchers reveals that China’s pledge to peak its carbon emissions by 2030 could cut down on as many as 160,000 premature deaths. “Politically, the research confirms why Chinese officials have their own internal reasons to cut CO2 even though the U.S. is abandoning Paris and disengaging internationally on climate,” writes Ben Geman for Axios.
A new study finds that a 4% reduction in China's carbon emissions by 2030 could save a total of $464.5 billion in healthcare costs, writes Chase Purdy for Quartz. “We have all these policy goals for a transition toward a more sustainable society,” says Associate Prof. Noelle Selin. “Mitigating air pollution, a leading cause of death, is one of them, and avoiding dangerous climate change is another.”
Paul Solman of PBS NewsHour talks with computer scientist Neha Narula to explain how Bitcoin works. “Part of Bitcoin’s threat model is that no single entity ends up getting a majority of the processing power in the network,” says Narula. “If somebody got 51 percent of the processing power in the network, they could theoretically rewrite history and change the state of transactions in the ledger.”
In this opinion piece for The Huffington Post, Sloan senior lecturer Otto Scharmer argues that GDP is an unqualified metric for measuring a country’s success. “We are trapped in a way of thinking that says “bigger is better,” that higher GDP is the solution to our problems,” writes Scharmer, even though we’ve seen that “GDP growth is no salve for deepening inequality across the globe.”
Writing in The Atlantic, Amy Merrick describes Walmart's increasing reliance on the gig economy and automation, arguing that "the U.S. economy is tilting further toward jobs that give workers less market power." Merrick cites research by Prof. David Autor, who explains that “the concern should not be about the number of jobs, but whether those jobs are jobs that can support a reasonable standard of living.”
Research co-authored by Prof. Christopher Palmer in Sloan found that loan rates vary substantially, even when two borrowers are relatively similar, due primarily to the variations in the lender’s markup. “You would never get away with this if you were selling milk,” Palmer told Jo Craven McGinty of The Wall Street Journal. “It would be the same price for everyone.”