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Extending the wealth accumulation model of Piketty and Zucman  to include net depreciation in fossil fuels, minerals, and forests produces two key indicators: the net national saving rate adjusted for natural capital depreciation, and the ratio of this rate to long-run growth. These...
Studies estimating the consequences of immigration on wages paid to native-born workers often reveal small-to-nonexistent effects when using cross city or state variation (the “spatial approach”) but large deleterious effects when using variation across education-by-experience cells (the...
Among the newest policies developed to reduce smoking and improve health are smoking bans. Using individual-level birth certificate data from the Natality Detail File between 1995 and 2009 and data on county smoking bans, we investigate the impacts of smoking bans on infant birth weight, length...
This research examines whether the influence of obesity in late adolescence on education accumulation has changed over time as the rate of obesity has increased substantially over the previous three decades. Previous studies have indicated that obesity has asymmetric consequences between genders...
We present an analytical study which demonstrates that deterministic rounding policies are, in the absence of the fractional part of currency, exploited by retailers via strategic pricing. This shows that deterministic policies cannot be optimal. We then introduce fair stochastic rounding...
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