This paper provides a long term analysis of the determinants of the shadow economy. Using data for the United States over the years 1870–2014 we examine economic and political factors driving the underground sector. Results show that among the economic factors, greater economic prosperity...

Contents; Preface; Postmortem for a Housing Crash / Edward L. Glaeser and Todd Sinai; 1. House Price Moments in Boom-Bust Cycles / Todd Sinai; 2. The Supply Side of the Housing Boom and Bust of the 2000s / Andrew Haughwout, Richard W. Peach, John Sporn, and Joseph Tracy; 3. A Spatial Look at Housing...