Financial aid programmes for students in the United States focus increasingly on academic merit, rather than financial need. There is little empirical evidence, however, on the distributional effects of merit-based aid - who benefits or responds most. We develop a bivariate probit model of the...

An estimation of the effect of school size on student achievement, with the results suggesting that market-based school reform could enhance student performance if the reform reduced school size.

Eberts and Stone create dynamic models of labor supply and demand behavior for metropolitan labor markets. They use these models to simulate wage, employment, and personal income responses to local economic change, including changes brought about by governmental policy.

Most economic models falsely predicted a landslide victory for former President Bush in 1992. Rather than winning by the predicted margin of eight to 12 percentage points, Bush lost by a margin of about four. Exit polls tend to eliminate the unique candidacy of Ross Perot as an explanation for...

"This study of Ph.D. economists' careers during the period 1960-1989 examines both initial and current employment and explicitly accounts for the joint relationship between choosing an employment sector and placement within the academic sector. Initial placement and market conditions create...

Neither the issue of how local and aggregate labor markets interact over time-nor the issue of how heterogeneity by education, race, and other factors interacts with these spatial dynamics-has previously been explored in the literature on the cyclicality of real wages. This study investigates...

Previous models of the popular vote in U.S. Presidential elections emphasize economic growth and price stability, the role of parties and incumbency, and pre-election expectations for the future. Despite an apparent statistical dead heat in the pre-election polls in 2004, formal models instead...