Long run labor market trends in the American economy pose significant challenges. The employment-to-population ratio has steadily fallen. Growth in real money wages has been slow, with the most rapid gains taking place among workers at the top of the earnings distribution. One source of these...

This is a comment on Buturovic and Klein (2010), “Economic Enlightenment in Relation to College-going, Ideology, and Other Variables: A Zogby Survey of Americans”.

This paper explores Milton Friedman's views on conditional lending by the International Monetary Fund (IMF). Conditional lending by international financial institutions, which began with a few IMF stand-by arrangements in the 1950s and grew to include extensive World Bank structural adjustment...

Public choice theory coalesced into a school of thought in Charlottesville, Virginia, in the late 1950s and early 1960s at a time when the commonwealth was embroiled in a fight over school segregation. Until very recently, the history of segregation has not informed our understanding of the...

This paper develops a generalized maximum entropy (GME) approach to propensity score matching (PSM). A GME discrete choice model is used to develop propensity scores and estimate treatment effects in a set of Monte Carlo simulations. The GME PSM is compared to a more traditional logit PSM....

Mankiw, Romer, and Weil's (1992) seminal paper on growth empirics memorably begins with “this paper takes Robert Solow seriously”. In a similar way, this paper takes Thomas Piketty seriously. Mankiw, Romer, and Weil argued that Solow's (1956) simple growth model maintained relevance in the...