Many governments operate consumer debt relief programs, often timed to match the election cycle, but their political effects are not well understood. We ask if debt relief can influence elections in democracies. Our motivating exercise is the Biden administration’s promise to relieve student...

Verlagsinfo: Eine essentielle Fibel über Kapitalismus, Politik und die Funktionsweise der Welt, basierend auf der sehr beliebten Vorlesungsreihe "Was ist Politik?" Gibt es eine Alternative zum Kapitalismus? In diesem bahnbrechenden Text zeichnen Chomsky und Waterstone eine kritische Landkarte...

We show that intergenerational mobility changed rapidly by race and class in recent decades and use these trends to study the causal mechanisms underlying changes in economic mobility. For white children in the U.S. born between 1978 and 1992, earnings increased for children from high-income...