Harold M. Hochman (“Hal” is his universally-used nickname) served as the editor of this journal for most of the past decade. This tribute is written to express our appreciation for Hal’s excellent leadership of the journal and for his scholarship. One of us (Pressman) is particularly...

We quantify the effect of a parent's absence on a child's future earnings. A parent's absence because of separation or divorce reduces a child's lifetime earnings between 3 and 12 percent. Lifetime educational attainment is adversely affected by between 2 and 4 percent if a parent of the same...

This volume is a first-rate collection of classic articles covering all major aspects of calculating economic damages in injury and death cases. Selected by some of the foremost practitioners in the field, the 53 articles discuss the concepts, methodologies and reasoning used by forensic...

When preferences exhibit certain interdependencies, redistributive transfers can make everyone better off. However, the optimal form of such transfers depends on the nature of the postulated externalities. Lump sum transfers cannot achieve some Pareto optima if interdependence involves...

Geoffrey Brennan and Cliff Walsh contrast the different transfer patterns of Pareto-optimal redistribution of income resulting from our model (American Economic Review, 1969) and from the model used by von Furstenberg and Mueller (FM). They attempt to show that our model is inconsistent and...

It is well-known that income inequality has risen sharply in the US and in other developed countries of late. One obvious economic solution to high and rising inequality, government redistribution, raises philosophical questions regarding ethics or fairness. In Anarchy, State and Utopia, Robert...

This article discusses the main economic contributions of Paul Krugman. Krugman developed the new trade theory, which analyses the determinants of international trade when trade takes place among oligopolistic firms, and the new economic geography, which studies where firms locate nationally and...

This paper provides a short history of family allowances and documents the fact that Keynes supported family allowances as early as the 1920s, continuing through the 1930s and early 1940s. Keynes saw this policy as a way to help households raise their children and also as a way to increase...