During the period 1910 to 1970, an increasing fraction of the urban population in the US chose to live on the outskirts of central cities. This was also a time when a major innovation in transportation technology, the automobile, was introduced and widely adopted. The objective of this paper is...

The second half of the twentieth century recorded a rapid growth in health care spending and a significant increase in life expectancy. This paper hypothesizes that the combination of techno-logical progress in medical treatment and rising incomes is the driving force behind these two trends....