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Innovation Policy and the Economy, Volume 17

Edited by
Shane Greenstein
Josh Lerner,
and Scott Stern
The University of Chicago Press, 2017
$60 (cloth)

    The 17th volume of Innovation Policy and the Economy provides an accessible forum for bringing the work of leading academic researchers to an audience of policy makers and those interested in the interaction between public policy and innovation. In the first chapter, Joel Waldfogel discusses how reduced costs of production have resulted in a "Golden Age of Television," arguing that this development has gone underappreciated. The second chapter, by Marc Rysman and Scott Schuh, discusses the prospects for innovation in payment systems, including mobile payments, faster payment systems, and digital currencies. In the third chapter, Catherine Tucker and Amalia Miller analyze the consequences of patient data becoming virtually costless to store, share, and individualize, showing how data management and privacy issues have become important considerations in health policy. The fourth chapter, by Michael Luca, examines how online marketplaces have proliferated over the past decade, evolving far beyond pioneers such as eBay and Amazon. In the fifth chapter, Timothy Bresnahan and Pai-Ling Yin characterize information and communication technologies in the workplace, which have transformed production and shifted relative labor demand toward smart managers and professionals, and workers who are skilled at contributing to and interacting with other members of organizations.

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Insights in the Economics of Aging

Edited by David A. Wise
The University of Chicago Press, 2017
$110.00 (cloth)

    In many developed countries, the fraction of the population over age 65 is projected to rise in coming decades, in some cases sharply. This has generated growing interest in research on the health and economic circumstances of individuals as they age. Many individuals are retiring from paid work, and they are living longer than ever. Their well-being is shaped by past decisions, such as their saving behavior, as well as by current and future economic conditions, health status, medical innovations, and a rapidly evolving landscape of policy incentives and supports.

    The contributors to Insights in the Economics of Aging uncover how financial, physical, and emotional well-being are integrally related. The authors consider the interactions between financial circumstances in later life, such as household savings and home ownership, physical circumstances such as health and disability, and emotional well-being, including happiness and mental health.

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