While rising house prices benefit existing homeowners, we document a new channel through which price shocks have intergenerational wealth effects. Using panel data from school zones within a large U.S. school district, we find that higher local house prices lead to improvements in local school...

Abstract Time-consuming and costly religious rituals pose a puzzle for economists committed to rational choice theories of human behavior. We propose that either through selection or a causal relationship, the performance of religious rituals is associated with higher levels of cooperation. To...