While sparse literature exists investigating the impact of the Great Recession on various sectors of the economy, there is virtually no research that studies the effect of the Great Recession, or past recessions, on schools. This paper starts to fill the void. Studying school funding during the...

While only a sparse literature investigates the impact of the Great Recession on various sectors of the economy, there is virtually no research on the effect on schools. This article starts to fill the void. The authors make use of rich panel data and a trend-shift analysis to study how New...

In the State of New Jersey, any child between the age of five and eighteen has the constitutional right to a thorough and efficient education. The State of New Jersey also has one of the country’s most rigid policies regarding a balanced budget come fiscal end. When state and local revenues...

Funding for New Jersey’s low-income school districts tumbled in the most recent recession, and the Abbott districts—a group of poor urban districts that for almost two decades received special appropriations from the state—were hit especially hard. A comparison with the state’s other...

Housing is a depreciating asset. The rate of depreciation depends on the degree to which households engage in housing investments. Housing investment expenditures economy-wide are sizable, averaging 45 percent of the value of new home construction over the past twenty years. The housing bust and...

This paper examines the effect of urban income uncertainty on urbal-to-rural and rural-to-urban remittances, as well as on the decision to migrate. It also explores whether remittances can be sustained in a noncooperative setting, and whether cooperative behaviour might emerge from individuals...

We obtain an analytic expression for the specific heat of a system of N rigid rotators exactly in the high temperature limit, and via a perturbative approach in the low temperature limit. We then evaluate the specific heat of a diatomic gas with both translational and rotational degrees of...