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The NBER Digest: April 2005 Issue

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The following articles appear in this issue:

* Bulls, Bears, and Retirement Behavior * Effects of Co-payment on Prescription Drug Demand * How Households Responded to Tax Rebates of 2001 * The Lock-in Effect of California's Proposition 13 * New Drugs and HIV Mortality * Globalization and Poverty in Mexico

The Digest is a monthly publication that summarizes at least four recent and newsworthy NBER Working Papers. Professional journalists write these summaries for a non-technical audience. The Bureau sends nearly 12,000 copies of the Digest each month to readers in government, business, universities, and the media. The NBER Digest is available in hard copy to the general public upon request.