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"This paper measures the effects of the risks associated with the war in Iraq on various U.S. financial variables using … a heteroskedasticity-based estimation technique. The results indicate that increases in what we call the "war risk …
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The earnings of young adults who live in the same neighborhoods as their parents completely recover after a job displacement, unlike the earnings of young adults who live farther away, which permanently decline. Nearby workers appear to benefit from help with childcare since grandmothers are...
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