Three puzzles are closely related to the forward-bias puzzle and the failure of uncovered interest parity: (1) UIP failure is greater for short than long maturities, (2) forward bias is larger between developed than between developing countries and (3) there is no systematic forward bias in...

Employer-provided health insurance may restrict job mobility, resulting in “job lock.â€Â  Previous research on job lock finds mixed results using several methodologies. We take a new approach to examine job-lock by exploiting the discontinuity created at age 65 through the...

To show how inclusionary zoning alters development, the author finds the most profitable housing design to build on vacant lots at each location in a monocentric city under different regulatory regimes. Section 1 sets up the model by specifying renter's preferences, geography and building...

The paper tests whether native-born American families respond to inflows of immigrants by sending their children to private school.  The analysis uses 1980 and 1990 Census data from 132 metropolitan areas.  For primary school students, no significant relation between immigration and...

Using a recently released confidential dataset from the National Center for Educational Statistics (NCES), we find some evidence of "white flight" from public schools into private schools partly in response to minority schoolchildren.  We also examine whether "white flight" is from all...