Rising immigrant inflow have substantially affected the size and composition of the US workforce. They are also exerting an even bigger intergenerational effect: at present one-in-ten native born children are in the "second generation" - born to immigrant parents. In this paper we present a...

Data from US presidential elections show that most third parties take extreme positions rather than positions between those of the major partie. This and other phenomena are explained with an extension of the Downsian model of voting. When parties choose not only positions, but also choose among...

Does the new information revealed by election outcomes help to explain unexpected fluctuations in foreign exchange rates? To answer this question, we examine the behavior of errors from forecasting future exchange rate surrounding elections.