Previous studies have suggested that more liberal abortion laws should lead to a decrease in marriage rates among young women as 'shotgun weddings' are no longer necessary. Empirical evidence from the United States lends support to that hypothesis. This paper presents an alternative theory of...

This highly innovative and intriguing book applies principles of microeconomics to unusual settings to inspire students, teachers and scholars alike in the ‘dismal science’. Leading experts show how economics reaches into the strangest of places and throws light onto the occasionally dark...

This unique monograph comprises a collection of interviews conducted face-to-face with leading economists at universities throughout the United States. Presented with the singular opportunity to reflect on and share their wisdom and experience, the 21 interviewees discuss how they interpret,...

The Art and Practice of Economics Research provides an in-depth look into the research methods of leading economists from across the United States and Europe. This innovative volume contains 25 interviews with practicing economists, presenting insightful personal accounts into an...

This paper explores the question: is working as a child harmful to an individual in terms ofadult outcomes in earnings? Though an extremely important question, little is known aboutthe effect of child labor on adult outcomes...

This paper constructs a two-period overlapping generations model of human capital investment decisions where a microloan program designed to finance entrepreneurial activities is active. It is shown that, in the presence of human capital externalities (social returns to education) there exists a...

Limited human capital investment is a common characteristic of low-income countries despite the fact that estimated returns to educational investment in low-income countries are generally higher than in high-income countries. Empirical evidence suggests that income and credit constraints can...

This paper uses a model with overlapping generations to demonstrate that human capital accumulation can potentially attenuate factor price movements in response to birth rate shocks. Specifically, we show that if education spending per child is inversely related to the size of the generation,...