The 1996 welfare reform laws required parents under the age of 18 to live with their parents or an adult relative and enroll in school to be eligible for benefits. This article examines whether minor mothers were less likely to drop out of school and more likely to live with parents following...

In regulated businesses, utility companies are facing asymmetric risks due to ex-ante regulation. Shareholders have to question whether their business is earning appropriate returns taking into account those asymmetric risks involved. Adequate performance measures need to be designed and...

In the last few years many studies have been carried out on the Celtic Tiger miracle, i.e., on the spectacular economic growth Ireland experienced between 1995 and 2007. All the studies agree on the key factors that explain this progress, including the commitment to specialized training designed...

A discussion of the effects of partners’ labour force participation on marital stability has been part of the demographic debate for several decades. While theorists generally agree that men’s employment has a stabilizing effect on marriage, there is considerable controversy about the...

The Great Recession has been hard on recent college graduates, but it has been even harder for black recent college graduates. This report examines the labor-market outcomes of black recent college graduates using the general approach developed by Federal Reserve Bank of New York researchers...