resolution. We then use the model to quantify the gains from relaxing migration restrictions as well as to describe the evolution … liberalizing migration would increase welfare more than three-fold and would significantly affect the evolution of particular …

1950s. Finally, we turn to the determinants of a broad array of development indicators for the year 1960 and for the 1960 …

We study the evolution of racial educational inequality across US states from 1940 to 2000. We show that throughout …

of development. We document the following regularities. First, as countries develop, their productive structure moves … from more volatile to less volatile sectors. Second, the level of specialization declines with development at early stages …, and slowly increases at later stages of development. Third, the volatility of country- specific macroeconomic shocks falls …

colonial rule was to create financial incentives to adopt development policies that encouraged government spending. …