This essay provides an overview of the major emissions trading programs of the past thirty years on which significant documentation exists…
Now that the long-awaited text of the Trans-Pacific Partnership agreement has been released, Congress will have to decide whether to ratify…
The excise tax on high-cost health care plans, the so-called Cadillac tax, is good policy. Congress should side with President Obama and…
The paper reviews an event of 30 years ago from the perspective of today: a successful G-5 initiative to reverse what had been a…
As shown in the 1930s by Hicks and Robinson the elasticity of substitution (s) is
a key parameter that captures whether capital and labor…
The rapid growth rates for renewable energy are part of a larger policy agenda to promote a cleaner energy system. The health and…
What is the socially optimal level of liquidity in a retirement savings system?
Liquid retirement savings are desirable because liquidity…
/publications/giving-college-credit-where-it-due-advanced-placement-exam-scores-and-college-outcomes
We implement a regression discontinuity design using the continuous raw Advanced Placement (AP) exam scores, which are mapped into the…
In the wake of the Great Recession, policymakers and academics have expressed concerns about rising employer skill requirements. Using a…
We document the link between increased levels of economic and policy uncertainty and unemployment at the state-level during the 2007-2009…