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Journal Article
Tough lesson: more money doesn't help schools; accountability does
More people are coming around to what economists have long been saying: The answer to failing public schools isn't more money, but more accountability.
Journal Article
Eighth District population growth follows national pattern
Journal Article
Employment trends in nearby metro areas take different paths
Working Paper
Did affordable housing legislation contribute to the subprime securities boom?
No. In this paper we use a regression discontinuity approach to investigate whether affordable housing policies influenced origination or affected prices of subprime mortgages. We use merged loan-level data on non-prime securitized mortgages with individual- and neighborhood-level data for California and Florida. We find no evidence that lenders increased subprime originations or altered pricing around the discrete eligibility cutoffs for the Government Sponsored Enterprises (GSEs) affordable housing goals or the Community Reinvestment Act. Our results indicate that the extensive purchases of ...
Journal Article
The economics of giving
Journal Article
Computer use and productivity growth
Journal Article
Employment growth mixed across Eighth District
Journal Article
Immigrants: skills, occupations and locations
Journal Article
Metropolitan growth: sun belt vs. snow belt
Journal Article
Which came first-democracy or growth?
Most economists agree that economic freedom promotes growth, but fewer agree that more political freedom improves economic performance as well. Chile of the 1970s and 1980s and China today are just two autocracies with strong economies.