Children who grow up in more highly educated families have better labor market outcomes as adults than those who grow up in less educated families, but we do not know whether this is because education bestows parents with skills that make them better parents or because unobservable endowments...

The degree to which minimum wages affect employment has been of interest to economists and policy makers for many years. This interest has stemmed largely from a potential inconsistency between the intent of minimum wage laws and their theoretical effects: the goal of minimum wages is to improve...

Although minimum wages are advocated as a policy that will help the poor, few studies have examined their effect on poor families. This paper uses variation in minimum wages across states and over time to estimate the impact of minimum wage legislation on welfare caseloads. We find that the...

The English Old Poor Law, which before 1834 provided welfare to the elderly, children, the improvident, and the unfortunate, was a bête noire of the new discipline of Political Economy. Smith, Bentham, Malthus and Ricardo all demanded its abolition. The Poor Law Amendment Act of 1834, drafted...