tax revenue is more than enough to pay for public abatement R&D. Second, tax distortions and externalities substantially …

Optimal policy rules--including those regarding income taxation, commodity taxation, public goods, and externalities … preferences for commodities, public goods, and externalities are heterogeneous. When preference differences are observable …

-hopping facilitates the reallocation of resources towards firms with superior innovations, but it also creates human capital externalities …

China. After instrumenting city-level education using the number of relocated university departments across cities in the … 1950s, one year more city-level education increases individual hourly wage by 22.0 percent, more than twice the OLS …

known about the private return to education, much less is known about the more important question of what happens to … of human capital can benefit society in ways that are not fully reflected in the private return of education. Human … individual productivity. Furthermore, increases in education can reduce criminal participation and improve voters' political …

A major benefit of education is the lower risk of unemployment at higher educational levels. In PSID (Panel Study of …

We estimate the effect of maternal education on birth outcomes using data from the Vital Statistics Natality files for … 1970 to 1999. We also assess the importance of four potential channels through which maternal education may improve birth … education on changes in birth outcomes. Second, we have compiled a new data set on openings of two and four year colleges …