please use this website as a brief summary of the paperr to understand : https://www.nber.org/papers/w0252
also to go in depth of what its about see the pdf : https://www.nber.org/system/files/working_papers/w0252/w0252.pdf
Write a summary of it in no fewer than 250 words, concisely and clearly written. Your summary should include the following:
A full citation for the paper in Chicago Author-Date styleLinks to an external site., which is the preferred style for the American Economic Review.
A statement of the research question posed in the article. Do not copy the research question if it appears in the article. You should paraphrase the author’s research question (in your own words).
A brief motivation of why this is an interesting/important question. This means explaining why this is a research question worth addressing, not only to other economists, but to individuals and/or institutions in general (the government, private business, etc.)
A brief summary of how the paper goes about answering the question. Do not copy the abstract. Use your own words. Make sure to cite the pages, throughout the paper, on which you are basing your summary.
The implications of the author’s results for policy makers and/or the general public.