We study the local effects of a federal program that helped cities clear areas for redevelopment, rehabilitate structures, complete city plans, and enforce building codes. We use an instrumental variable strategy to estimate the program's effects on city-level measures of income, property...

We study the local effects of a federal program that helped cities clear areas for redevelopment, rehabilitate structures, complete city plans, and enforce building codes. We use an instrumental variable strategy to estimate the program's effects on city-level measures of income, property...

Developing countries are increasingly aware of the need to design and implement improvements in public systems for providing pensions to the elderly. Such systems may aim to smooth consumption and thus provide reliable income to older people, reduce poverty among the elderly, insure those no...

In jüngster Zeit geäußerte Vorschläge, unter anderem von George Soros, sehen vor, die Flüchtlingskrise durch die Einrichtung von Sonderwirtschaftszonen in den Anrainerstaaten der Herkunftsländer der Migranten zu entschärfen. Würden dort Investitionen getätigt und Arbeitsplätze...