While theory strongly suggests that restricting development rights should reduce land prices, empirical evidence of this effect has been hard to obtain. Largely based on this difficulty, legislation governing the tax benefits that easement donors may receive is periodically challenged. We...

If parents expect higher market returns to schooling or additional transfers from their children, they invest more in their children's schooling. Results from models of schooling demand using data from the Malaysian Family Life Surveys of 1976 and 1989 suggest that market returns of mothers but...

Contingent valuation typically involves presenting the respondent with a choice to pay for a program intended to improve future outcomes, such as a program to place parcels into conservation easement, or a program to manage an invasive species. Deducing from these data the value of the good (or...

Immigrants contribute to the economic development of the host country, but they earn less at entry and it takes many years for them to achieve parity of income. For some immigrant groups, the wage gap never closes. There is a wide variation across countries in the entry wage gap and the speed of...