How do majority groups respond to a narrowing of inequality in racially polarized environments? We study this question by examining the effects of the Freedmen's Bureau, an agency created after the U.S. Civil War to provide aid to former slaves and launch institutional reform in the South. We...

The increase in unemployment to relatively high levels for Switzerland in the 1990s gave rise to two fears: First, that economic growth no longer has any effect on employment (jobless growth), and second, that the equilibrium rate of unemployment, i.e. the rate of employment that prevails even...