This paper analyzes how changes in school expenditures affect dropout rates and standardized test scores based on data from 465 school districts in New York during the 2003/04 to the 2008/09 school years. Past traditional regression approaches show inconsistent results of school expenditures...

We use a new and exceptionally rich administrative data set for Germany to evaluate theemployment effects of a variety of public sponsored training programs in the early 2000s.Building on the work of Sianesi (2003, 2004), we employ propensity score matching methodsin a dynamic, multiple...

This paper sets out a new budget allocation formula for schools, designed to achieve a more equitable distribution of educational achievement. In addition to needs-based elements, the suggested composite allocation formula includes an improvement component, whereby schools receive budgetary...

This paper accounts for the value of children and future generations in the evaluation of health policies. This is achieved through the incorporation of altruism and fertility in a "value of life" type of framework. We are able to express adults' willingness to pay for changes in child mortality...

Until now there have been no national estimates of the extent of poverty in Britain at the turnof the 20th century. This paper introduces a newly-discovered household budget data set forthe early 1900s. These data are more representative of urban working households in Britainin the period than...

Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order to obtain a tractable empirical model: fixed retirement and pension claiming ages, no borrowing constraint, little or no uncertainty, and no institutional restrictions on...

We use micro data from the U.S. Internal Revenue Service to document how households' tax liabilities vary with income, marital status and the number of dependents. We report facts on the distributions of average and marginal taxes, properties of the joint distributions of taxes paid and income,...

In this paper, we define "The Chinese Saving Puzzle" as the persistently high national saving rate at 34-53 percent of gross domestic product (GDP) in the past three decades and a surge in the saving rate by 11 percentage points from 2000-2008. Using data from the Flow of Funds Accounts (FFA)...

This paper investigates the relationship between the probability of divorce and marriage specific investments. As these investments in terms of childcare and household activities are likely to increase the marital surplus, they are consequently likely to decrease the risk of divorce. All such...

We make the novel argument that time spent on household chores can possibly reflect racial discrimination based on color. Our model, based on Becker's theory of allocation of time and his theory of marriage, recognizes that both intra-household bargaining and hedonic marriage markets operating...