In the last few decades, college tuition costs have escalated to what some have described as astronomical levels. This has led to a heavier reliance by college students on alternative sources beyond family financing. Such sources have included grants, scholarships, private loans, federal loans...

For many immigrants, especially those from Central America and Mexico, it is common for a mother or father (or both) to migrate to the United States and leave their children behind. Then, after the parent(s) have achieved some degree of stability in the United States, the children follow. Using...

In recent years, child care subsidies have become an integral part of federal and state efforts to move economically disadvantaged parents from welfare to work. Although previous empirical studies consistently show that these employment-related subsidies raise work levels among this group,...

For many immigrants, especially those from Central America and Mexico, it is common for a mother or father (or both) to migrate to the United States and leave their children behind. Then, after the parent(s) have achieved some degree of stability in the United States, the children follow. Using...

Using data on MZ (monozygotic, identical) female twins from the Minnesota Twin Registry, we estimate the causal effect of schooling on completed fertility, probability of being childless and age at first birth, using the within MZ twins methodology. We find strong cross-sectional associations...

We provide new evidence that cash transfers following the birth of a first child can have large and long-lasting effects on that child's outcomes. We take advantage of the January 1 birthdate cutoff for U.S. child-related tax benefits, which results in families of otherwise similar children...

This paper examines the scalability of the results from the Tennessee Student-Teacher Achievement Ratio (STAR) Project, a prominent educational experiment. We explore how the misalignment between the experimental design and the econometric model affects researchers' ability to learn about the...

Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three examples: price of commodities, dollarization, and the...

We assess the effectiveness of means-tested and social insurance programs in the United States. We show that per capita expenditures on these programs as a whole have grown over time but expenditures on some programs have declined. The benefit system in the U.S. has a major impact on poverty...