Rising top income shares in the US have received increased attention both within and outside of academia. In this paper, we argue that the size of the top income share in the US has been consistently shaped by the evolution of the financial sector. We test our hypotheses connecting finance and...

We introduce MCMCpack, an R package that contains functions to perform Bayesian inference using posterior simulation for a number of statistical models. In addition to code that can be used to fit commonly used models, MCMCpack also contains some useful utility functions, including some...

We study the effect of the partisan polarization of foreign policy on a state’s ability to make credible commitments in international bargaining. In our model, both states know that after an agreement is reached, a new government to enforce the agreement is elected within a promise-making...