Well meaning employment regulation often backfires. When the law makes it risky for employers to hire, they may do less of it. The current employment situation for Millennials - with its curious emphasis on unpaid internships as a prelude to actual employment may be in part a response to the...

The Roman Catholic Church has been turning out new saints for two millennia. The argument advanced here is that the saint-making process is arranged as an open contest for sainthood: by combining competitive initiative and pressure from below with exclusive adjudication from above, it provides...

Research on intergenerational transmission of wealth has pointed to uncertainty -- about the date of one's own death, for example -- as a potential source of significant bequest flows. In this paper I examine the effects of this same uncertainty on the behavior of those who expect to receive...

In the UK, those born between the 1930s and 1950s have seen generation-on-generation increases in wealth, while those born more recently appear to have accumulated no more wealth than their predecessors had done by the same age. There is debate over the drivers, and therefore implications, of...