We examine whether belief-based preferences - caring about what transgressors believe - play a crucial role in punishment decisions: Do punishers want to make sure that transgressors understand why they are being punished, and is this desire to affect beliefs often prioritized over distributive...

We study the evolution of racial educational inequality across US states from 1940 to 2000. We show that throughout this period, despite evidence of convergence, the racial gap in attainment between blacks and whites has been persistently determined by the initial gap. We obtain these results...

There is ample evidence that investment in Information Technology (IT) boosted labour markets productivity in the USA. In fact, conspicuous flows of investment in this sector enabled the US firms to record high rates of productivity growth and to boost up the country's economic growth to very...

There is ample evidence that investment in Information Technology (IT) boosted labour markets productivity in the USA. In fact, conspicuous flows of investment in this sector enabled the US firms to record high rates of productivity growth and to boost up the country's economic growth to very...