In Fall 2014, Wellesley College began mandating pass/fail grading for courses taken by first-year, first-semester students, although instructors continued to record letter grades. We identify the causal effect of the policy on course choice and performance, using a...

In this unique resource, Nobel Prize winners, former presidential advisers, well-respected columnists, academics, and practitioners from across the political spectrum offer innovative policy ideas and insightful commentary on our most pressing economic issues. These essays take a hard look at...