Children experience a higher poverty rate in the U.S. than in most comparable nations a poverty gap traceable to international differences in income redistribution across households rather than to market earnings. Using Luxembourg Income Study data, we find that child poverty rates are higher in...

This paper answers fundamental questions that have preoccupied modern economic thought since the 18th century. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the...