
The Intergeneration Impact of the Freedman’s Bank Failure
In the U.S. today, there exist large racial disparity in…

Granular Comparative Advantage
Large firms play a pivotal role in international trade, with…

Match-Specific Quality in Education
Despite dramatic expansions in access to schooling in low-income…

Bond Liquidity During the Covid-19 Crisis
The COVID-19 pandemic has wrought havoc on the global economy.…

Do Youth Employment Programs Work?
According to the Bureau of Labor Statistics, about 10% of…

Infrastructure, Development and the Marshall Plan
The Marshall Plan, sponsored by the United States between…

Multinationals, Monopsony and the United Fruit Company
The effect of large-scale foreign investments in developing…

Individual vs. Joint Taxation
How do different income taxation systems -- for instance…

Cartels and Productivity
Cartels are a common feature in most economies. For instance,…

Immigration and Labor Markets
Economists have been studying the labor-market consequences…