Writing for Ars Technica, Megan Geuss examines a new MIT study that finds, “government and private R&D spending contributed the most to cost-per-watt declines for solar panels since 1980. This spending spurred the low-level efficiency improvements that were important for the solar industry on a technical level.”
Financial Times reporter Ed Crooks highlights a new study by MIT researchers identifying the key factors leading to the declining cost of solar power. The study highlights “the critical role played by government policy to help grow markets around the world.”
Vox reporter David Roberts writes about a new study by MIT researchers examining what factors contributed to bringing down the cost of solar panels. Roberts writes that the researchers found “policies that create incentives for private investors to develop and deploy solar panels are responsible for well over half of the decline in solar PV costs.”
The Wall Street Journal highlights a working paper co-authored by graduate student Charles Rafkin that shows how Americans with the lowest levels of education face a number of disadvantages. Rafkin and his co-author write that, “death rates for the least educated have dramatically diverged from death rates of other groups, in virtually all middle-age race and gender groups.”
Prof. Simon Johnson reviews Adam Tooze’s new book, “Crashed: How a Decade of Financial Crises Changed the World” for The Washington Post. Johnson writes that the book, “is an impressive narrative history, weaving together events from around the world with a light touch and a great deal of helpful explanation.”
Forbes contributor Howard Gleckman highlights a study by Prof. Amy Finkelstein that shows only five percent of Medicare spending goes toward end-of-life costs. Gleckman writes that the study supports the argument that “using spending in the last year of life as a proxy for futile care is deeply flawed—because we are very bad at predicting who is going to die and who is not.”
MIT alumnus William Nordaus has been awarded the 2018 Nobel Prize in Economics for his work studying the interaction between climate change and the economy, reports Dave Keyton and Jim Heintz for the AP. Nordhaus shared the award with Paul Romer, who also conducted graduate work at MIT.
Prof. Amy Finkelstein speaks with Lisa Mullins of WBUR’s All Things Considered about winning a MacArthur grant for her work examining health economics. Finkelstein explains that the goal of her work is to “reduce the amount of rhetoric in health care policy discussion and increase the amount of evidence.”
Boston Globe reporter Michael Levenson writes that Profs. Amy Finkelstein and Lisa Parks have been selected as recipients of the MacArthur “genius grant.” Finkelstein notes that the award will allow her to take more risks with her research, while Parks plans to use the award to “strengthen MIT’s Global Media Technologies and Cultures Lab and deepen the university’s ties to Africa, where she does research,” Levenson explains.
Profs. Amy Finkelstein and Lisa Parks have been named MacArthur Fellows, reports Joe Barrett for The Wall Street Journal. Barett explains that Finkelstein “conducts studies in the economics of health care; among her findings is that Medicaid expansion increases self-reported health and financial security, but also increases use of the emergency room and has no significant impact on many measures of physical health.”
Writing for The New York Times, Prof. Yasheng Huang examines what Jack Ma stepping down as executive chairman of Alibaba Group Holding Ltd. signals about the future of China’s economy. Huang writes that Ma’s departure “adds to a gathering sense that China’s private sector, the engine of the economy, is losing steam — and faith.”
A Washington Post article by Prof. Erik Brynjolfsson and Research Affiliate Xiang Hui demonstrates how artificial intelligence is starting to have a positive impact on the U.S. economy by helping with such obstacles as lowering the language barrier to trade. Brynjolfsson and Hui explain that “human intelligence is needed to make sure it benefits the many, not just the few.”
A study co-authored by Prof. Amy Finkelstein finds that bundling Medicare payments for procedures such as hip and knee replacements reduces the use of post-acute care by about 3 percent, reports Austin Frakt for The New York Times. Finkelstein explains that she examined the use of post-acute care as “it is an area where there is concern about overuse.”
Axios reporter Ben Geman writes that MIT researchers have found the most effective way to reduce emissions from electricity sources is to use a mix of renewable and other low-carbon tech options. “It’s not about specific technologies. It’s about those key roles that we need filled on the low-carbon team,” explains study co-author Jesse Jenkins.
MIT researchers have found that reducing payments to long-term care hospitals could save the U.S. health care system around $5 billion a year, reports Margot Sanger-Katz for The New York Times. “The history of long-term care hospitals suggests the industry will always innovate ahead of you, and you may actually have to roll up your sleeves and find these pockets of waste,” explains Prof. Amy Finkelstein.