The U.S. equity markets have experienced a remarkable decline in IPOs since 2000, both in terms of smaller IPO volume and entrepreneurial firms' greater tendency to exit through acquisitions rather than IPOs. Using proprietary U.S. Census data on private firms, we conduct a comprehensive...

The evaluation of the impact on poverty of social programs depends on how other programs are treated in the analysis and on the assumptions used for estimating poverty measures. This paper applies a simple yet sound method for allocating between various programs the total poverty reduction...