African Regional Economic Integration: The Emergence, Evolution, and Impact of Institutional Innovation
The power of Pan-Africanism as a guiding vision for the continent’s development is widely studied, mostly as an aspirational phenomenon.
Research
The Economic Implications of Housing Supply
In this essay, we review the basic economics of housing supply and the functioning of US housing markets to better understand the distribution of home prices, household wealth, and the spatial distrib
To Understand the Tax Reform Bill, Use Good Old Math and History
To understand the tax bill now coming out of Congress, apply some good old grammar school skills of arithmetic and history.
Measuring Individual Economic Well-Being and Social Welfare within the Framework of the System of National Accounts
While the agenda of “beyond GDP” encompasses measurements that lie outside boundaries of the System of National Accounts, key aspects of individual well-being and social welfare can be incorporated in
The Efficiency Consequences of Heterogeneous Behavioral Responses to Energy Fiscal Policies
The behavioral responses to taxes and subsidies are often subject to various behavioral biases and transaction costs—what we define as “microfrictions.” We develop a theoretical framework to show how
On Veteran's Day, let's honor the promises we've made to veterans
Professor Linda Bilmes discusses ways to honor US veterans.
Consumer Bankruptcy and Financial Health
This paper estimates the effect of Chapter 13 bankruptcy protection on financial health using a new data set linking bankruptcy filings to credit bureau records.
Why Sociologists Matter in the Welfare Reform Debate
In the 1960s, public support for Aid for Families with Dependent Children (AFDC), a federal program that provided cash benefits to eligible poor families with children, began to erode (Teles 1996).
Reagan's Tax Reforms Re-visited
The US has plenty of experience with irresponsible tax cuts. Yet its leaders seem not to have learned their lesson.
Do Expiring Budgets Lead to Wasteful Year-End Spending? Evidence from Federal Procurement
Many organizations have budgets that expire at the end of the fiscal year and may face incentives to rush to spend resources on low-quality projects at year's end.
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