This article reviews the theory and evidence regarding how work hours are determined and the role of employer policies on vacation. The authors discuss possible economic rationales for vacation laws and present empirical evidence on whether they affect annual work hours. The results indicate...

What is the economic return to attending college? The earnings gap between college and high school graduates is large, but college and high school graduates differ in many ways besides education. This article finds that differences in family background and ability explain about one fourth of the...

This article studies the extent to which the wide gap in the wealth holdings of whites and African Americans can be explained by differences in family income and demographic characteristics.