We examine the role of financial development in economic growth in the former Communist countries of Central and Eastern Europe and the Commonwealth of Independent States during the first two decades since the beginning of transition. These countries, which had undeveloped financial systems...

In a well-known and widely-cited paper, Akerlof, Yellen, and Katz (1996) proposed a novel and counter-intuitive explanation for the rise of non-marital births in the U.S. that emphasized the way in which improved birth control and legalized abortion altered social norms about the responsibility...

In this paper, we examine wage inequality and wage differentials in Croatia from 1970 to 2008 using two long aggregate time series on the distribution of income. We focus especially on changing income inequality related to educational and vocational attainment, changing income inequality within...

In this article, the authors argue that instead of focusing on the child tax credit that has received so much attention recently, reformers should shift their attention back to the earned income tax credit (EITC) and press for three simple changes that would support work and marriage: Reduce the...

<title>Abstract</title> The third Marshall--Hicks--Allen rule of elasticity of derived demand purports to show that labor demand is less elastic when labor is a smaller share of total costs. As Hicks, Allen, and then Bronfenbrenner showed, this rule is not quite correct, and actually is complicated by an...

Although the Federal minimum wage has been constant since July 2009, many states have increased their own minimum wages since then. We use those increases to compare employment changes across the two groups of states, using a variety of difference methods. Our data come from the Current...