Banking reforms — that reduced interest rates — boosted college enrollment rates among able students from middle class families. We define “able” students as those with learning aptitude scores in the top two-thirds of the U.S. population. We define “middle class” as families in...

Graduating high school improves wellbeing. It is important to understand how policy affects high school graduation. This paper studies the impact of bank branching deregulation on high school graduation. The use of National Longitudinal Survey of Youth 1979 geocoded data focuses the results on...

Credit markets affect the real economy in multiple ways. This paper utilizes variation in the timing of bank branching deregulation of 39 states between 1970 to 1994 as an exogenous proxy of credit availability to analyze the link between credit markets and educational outcomes. Using CPS data...

This study explores the effects of market deregulation on employment growth. Empirical analysis of an OECD country panel (1990-2004) suggests that lower levels of product and labor market regulation foster employment growth, including through sizable interaction effects. A theoretical framework...

We study the impact of barriers to entry on workplace training. Our theoretical model indicates that there are two contrasting effects of deregulation on training. With a given number of firms, deregulation reduces the size of rents per unit of output that firms can reap by training their...

We study the impact of barriers to entry on workplace training. Our theoretical model indicates that there are two contrasting effects of deregulation on training. With a given number of firms, deregulation reduces the size of rents per unit of output that firms can reap by training their...

We investigate the relationship between economic deregulation (delicensing), skill upgrading, and wage inequality during the 1980s and 1990s in India. We use a unique dataset on India's industrial licensing regime to test whether industrial deregulation during the 1980s and 1990s played a role...

We investigate India's widening skill wage gap and narrowing gender wage differential during the two decades that coincide with economic liberalization in the country. Using the non-parametric methodology developed by Katz amp; Murphy (1992), we find that relative demand shifts contributed to...

This paper analyzes the impact of deregulation policies in higher education on requirements for student input. Requirements decline if universities can choose the level of tuition fees (autonomous fees). If regulations keep tuition fees artificially low (regulated fees) or allow low ability...