Verge reporter Justine Calma writes that states in the Midwest and Great Lakes region could see $4.7 billion in health benefits by maintaining current renewable energy standards. “This research shows that renewables pay for themselves through health benefits alone,” explains Emil Dimanchev, senior research associate at MIT’s Center for Energy and Environmental Policy Research.
A new study by MIT researchers examining the impact of energy policies that reduce fine particulates in the air finds that there are “substantial health benefits in Rust Belt states when utilities are required to supply escalating amounts of renewable power,” reports Ben Geman for Axios.
A new paper by MIT researchers finds that instead of raising prices, companies are replying on “shrinkflation - reducing the size of products or their quality while charging the same price,” reports Dion Rabouin for Axios.
Prof. David Autor speaks with The Economist podcast “Money Talks” about how computers changed the US labor market, the impact of the rise of China and his own experience as an economist. “You have to take your results and accept them and sort of try to understand them,” said Autor. “You can’t simply reject them because they’re not consistent with what your expectations were.”
In an article for Fortune, Senior Lecturer Robert Pozen argues that the Federal Reserve should not lower interest rates. “When the U.S. economy falls into the next recession, as it inevitably must, the Federal Reserve needs to respond by sharply lowering interest rates,” writes Pozen. “However, U.S. interest rates are now so low that the Fed has little dry powder in its arsenal.”
A new MIT study shows that “China’s move away from fossil fuels would mean 2,000 fewer premature deaths in the U.S. by 2030,” reports John Fialka for E&E News. "It reminds us that air pollution doesn't stop at national boundaries," said Prof. Valerie Karplus, a co-leader of the paper.
Writing for STAT, Prof. Jonathan Gruber examines his research showing that while doctors have more information about different tests and treatments, they make decisions similar to their patients when receiving care. Gruber says this finding suggests that to improve health care decision-making, financial incentives and other approaches are needed that go beyond providing patients with more information.
Writing for Fortune about the impacts of automation on the labor market, Geoff Colvin highlights Prof. Daron Acemoglu’s research analyzing the historical effects of technology on workers. Colvin explains that Acemoglu and his colleagues found that, “for the first time in modern history, automation isn’t necessarily good for workers overall.”
Speaking with Greg Rosalsky of NPR’s Planet Money, Prof. David Autor delves into his new research showing that large American cities no longer provide the same opportunities for upward mobility for people without college degrees. “The set of jobs that people without college degrees do has really contracted,” explains Autor, co-director of the MIT Work of the Future task force.
Prof. Jonathan Gruber speaks with WGBH’s Arjun Singh about the negative economic consequences of restricting access to abortion. “What is clear from the economic evidence is that if abortion access is restricted, it’s going to hurt women’s prospects in the labor market,” says Gruber.
Writing for Forbes, research affiliate Thomas Davenport examines the feasibility of robot taxation based on a debate at MIT Technology Review’s Emtech Next conference. “At some point we may need to replace the tax revenue from human jobs lost to automation,” writes Daveport. “If that day ever comes, I hope that the tax revenues issue is the most critical one we have to deal with.”
Preliminary research findings from an MIT team suggest that subsidizing subway fares increased usage of the MBTA by low-income riders, reports Michael Norton for State House News. “Low-income riders who received a subsidy, when compared to others who used a non-subsidized CharlieCard, took more MBTA trips, including trips for health care and social services,” writes Norton.
A preliminary report by MIT researchers examines how subway subsidies affect the rates of MBTA ridership among low-income residents, reports Crystal Haynes for Boston 25 News. “Researchers also found low-income riders took more trips to health care and social services than they would without the subsidized Charlie Card,” Haynes explains.
Prof. Amy Glasmeier speaks with New York Times reporter Eric Ravenscraft about the Living Wage Calculator, which uses specific data to estimate the cost of living in different areas of the country. “The question is, can you live on a minimum wage? And the answer is basically, no,” explains Glasmeier.
In an article for The Wall Street Journal, visiting lecturer Irving Wladawsky-Berger highlights how MIT researchers have proposed a new method for measuring the value of digital goods to consumers. Using this new metric, researchers found that “the digital economy is contributing more consumer value than we’ve realized,” Wladawsky-Berger writes.