abundant Europe and the high-wage, labor scarce New World. Those global forces contributed to a reduction in unskilled labor … scarcity in the New World and to a rise in unskilled labor scarcity in Europe. Thus, it contributed to rising inequality in … overseas countries, like the United States, and falling inequality in most of Europe. Falling unskilled labor scarcity and …

neighborhood choice for a population of families. Parents affect the conditional probability distribution of their children …'s income through the choice of a neighborhood in which to live. Neighborhood location affects children through two mechanisms …. First, the level of education depends on the total income of a neighborhood, as all school funding is determined by majority …