Local governments depend on state aid to provide residents and businesses with vital public services, such as education, police and fire protection, and safe public roads. However, in response to the recent fiscal crisis, many states are quickly and deeply cutting local aid. The Congressional...

It is now widely accepted that childhood exposure to even low levels of lead can adversely affect neurodevelopment, behavior, and cognitive performance. Using individual-level data on childhood lead levels and test scores in Massachusetts, this paper investigates the link between lead levels in...

We show that homeowners are able to maintain a high level of consumption following job loss or disability in periods of rising house values. However, the consumption drop for consumers who simultaneously lose their job and equity in their houses is substantial. Using data from the Panel Study of...

High housing prices have caused concerns among policy makers as well as the public in many U.S. regions. There is a general belief that unaffordable housing could drive businesses away and thus impede job growth. However, there has been little empirical evidence that supports this view. In this...

This study quantifies one important part of the economic return to public investment in college education, namely, the fiscal benefits associated with greater college attainment. College graduates generally pay much more in taxes than those not going to college. Government expenditures are also...

Federal, state and local wetlands protection laws that restrict landowners' ability to develop their properties in certain ways could decrease the value of the affected properties. However, the regulations could also give benefits to nearby neighbors, who no longer need to worry about increased...

New England needs a reliable supply of energy for its day-to-day functioning and its economic growth. The right mix of fuels and technologies must be in the right place at the right time, all the time. Because of the long lead times in building energy infrastructure, ensuring system reliability...

Forty years ago, 96 percent of six-year-old children were enrolled in first grade or above. As of 2005, the figure was just 84 percent. The school attendance rate of six-year-olds has not decreased; rather, they are increasingly likely to be enrolled in kindergarten rather than first grade. This...

The United States is known for the ability of its residents to move to where the jobs are, and this has helped the nation maintain its position as the world’s top economy. Households’ decisions to move depend not only on job prospects but also on the relative cost of housing. I investigate...

Over the past several years, policymakers and business leaders throughout New England have expressed concern regarding the region's ability to attract and retain skilled workers, given the economic climate of the region compared with other parts of the nation. Indeed, net domestic migration for...