We demonstrate the social efficiency of investing in high-quality early childhood education using newly collected data from the HighScope Perry Preschool Project. The data analyzed are the longest follow-up of any randomized early childhood education program. Annual observations of participant...

This paper evaluates an Austrian manpower training program, which is highly innovative in its content and financing – and could therefore serve as a role model for other programs. In the late 1980s privatization and down-sizing of nationalized steel firms have lead to large-scale redundancies....

This paper monetizes the life-cycle intragenerational and intergenerational benefits of the Perry Preschool Project, a pioneering high-quality early childhood education program implemented before Head Start that targeted disadvantaged African-Americans and was evaluated by a randomized trial. It...

We examine Singapore's fairly homogeneous private-housing market and show that new apartments on historical multi-century leases trade at a non-zero discount relative to property owned in perpetuity. Descriptive regressions indicate that new apartments with 825 to 986 years of tenure remaining...

This paper evaluates an Austrian manpower training program, which is highly innovative in its content and financing - and could therefore serve as a role model for other programs. In the late 1980s privatization and down-sizing of nationalized steel firms have lead to large-scale redundancies. A...

This study analyzes the treatment effects of public training programs for the unemployed inGermany. Based on propensity score matching methods we extend the picture that has beensketched in previous studies by estimating treatment effects of medium-term programs fordifferent sub-groups with...

'Marginal employment', i.e. employment at low working hours and earnings not covered bysocial security, has been gaining importance in the German economy over the past decade.Using a large newly available panel data set and statistical matching techniques, we analysethe effects of marginal...

We analyze how school vouchers affect post-secondary attainment by exploiting the universal voucher program implemented in Chile in 1981. The program allowed students to choose which primary and secondary schools to attend. The government covered tuition independently of whether the chosen...

In 2021, the Biden Administration issued mandates requiring COVID-19 vaccinations for U.S. federal employees and contractors and for some healthcare and private sector workers. Although these mandates have been subject to legal challenges and some have been halted or delayed, rigorous appraisal...

How can colleges find successful applicants? Criteria such as GPA, interviews, essays, and tests provide information about candidates, but which work and why? We shed light on these questions using unique data on the universe of objective and subjective rankings of all college applicants in...