This is a rejoinder to a comment by Profs. Cutler and Miller (CM) on a recent paper of ours, “Public Health Efforts and the Decline in Urban Mortality” (NBER WP No. 25027), in which we examine the effect of water filtration on infant and total mortality using the same data as were used by CM...

Recent studies based on 20th century US data conclude that abortion access raises children's average socioeconomic outcomes. We generalize a model of fertility, highlighting assumptions under which these abortion predictions can be reversed. Using 19th century abortion restrictions, we...

This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies complement carbon pricing (taxes or permit trading) and...

This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies complement carbon pricing (taxes or permit trading) and...

In times when elevated government debt raises concerns about dimmer global growth prospects, we ask: How can the government provide incentives for innovation in a fiscally sustainable way? We address this question by examining the Ramsey problem of finding optimal tax and subsidy schemes in a...

Economically developed countries as well as the developing countries are facing the brunt of terrorist activities, more recurrently in the last two decades. Poverty, unemployment, inequality and other socio-economic issues are intertwined with acts of violence and terrorism. The economic cost of...