California's legislative term limits have dramatically reduced campaign expenditures. Real expenditures during the three general elections after the term limits initiative passed in 1990 were lower than in even 1976. This drop has occurred at the same time that races have become closer contests...

We estimate the effects of the quality of the college a student attends on their later earnings using data from a cohort of US college students from the late 1970s and early 1980s. We rely on a linear selection on observables identification strategy, which is justified in our context by a very...

We examine the impact of the coal boom of the 1970's and the coal bust of the 1980's on disability program participation. These shocks provide clear evidence that as the value of labor-market participation increases, disability program participation falls. For the Disability Insurance program,...