This paper analyzes the impact of juvenile arrest, charge, conviction, and incarceration on an individual's propensity to graduate high school before the age of 20. The analysis is conducted using data from the NLSY97. I control for a large set of observable characteristics, including...

This paper calculates the quantitative significance of the welfare effects of wage compression in Sweden. This is done in a dynamic general equilibrium model with overlapping generations where agents choose both schooling (human capital) and assets (physical capital). This paper shows that when...