The world has experienced a dramatic decline in total fertility rate (TFR) since the Industrial Revolution. Yet the consequences of this decline flow not merely from a reduction in births, but from a reduction in the number of surviving children. We propose a new measure of the number of...

"We develop a model where products liability trials provide information to consumers who are not parties to the litigation. Consumers use this information to take precautions against dangerous products. A critical assumption is that consumers cannot differentiate between firms that have never...

"The NBER Bulletin on Aging and Health provides summaries of publications like this. You can sign up to receive the NBER Bulletin on Aging and Health by email. Improvements in health have been a major contributor to gains in overall economic welfare. In this paper, we argue that previous...

"The NBER Bulletin on Aging and Health provides summaries of publications like this. You can sign up to receive the NBER Bulletin on Aging and Health by email. While conducting empirical work, researchers sometimes observe changes in behavior before the adoption of a new treatment program or...