Abstract This paper focuses on the challenges to the Colorado state budget, in particular the potential impact that recent court decision may have for the budgetary choices available to the state in light of existing fiscal institutions. Among the most important of these fiscal institutions is...

Since the mid-1990s college tuition costs have risen quickly while the rate of increase in the value of education has slowed considerably. Cecilia Rouse and Lisa Barrow explore the reasons and ask if college remains a good investment.

Summary This paper surveys the empirical evidence on causal effects of education on earnings for Germany and compares alternative studies in the light of their underlying identifying assumptions. We work out the different assumptions taken by various studies, which lead to rather different...

Purpose – The purpose of this paper is to estimate the return to multiple language usage in the workplace. Design/methodology/approach – This article aims to estimate the effect that using an additional language at work has on earnings for a sample of workers in the European Community...

Purpose The purpose of this paper is to get deeper insight into the measurement of gender wage gap. A proper method to identify which part of gender wage differences is due to discrimination against women is provided, and the relationship between wage differences and education is studied....

Abstract Eight states established deposit insurance systems between 1908 and 1917. All abandoned the systems between 1921 and 1930. Scholars debate the costs and benefits of these policy experiments. New data drawn from the archives of the Federal Reserve Board of Governors demonstrate that...

Eight states established deposit insurance systems between 1908 and 1917. All abandoned the systems between 1921 and 1930. Scholars debate the costs and benefits of these policy experiments. New data drawn from the archives of the Federal Reserve Board of Governors demonstrate that deposit...

Abstract Economic development is the term that has been associated with less developed countries in the Third World (“developing countries”), not the economically advanced countries (“developed countries”), such as the United States. However, the changing economic conditions in recent...