Using 2000 decennial census data, we estimate the relationships between right-to-work (RTW) laws and employment in manufacturing and other industries. Estimates that do not account for geographically correlated omitted factors dramatically overstate the positive relationship between RTW...

We study the cost of breaching an implicit contract in a goods market. Young and Levy (2014) document an implicit contract between the Coca-Cola Company and its consumers. This implicit contract included a promise of constant quality. We offer two types of evidence of the costs of breach. First,...

Cover and Pecorino (2005) claim that the March 1933 departure from the gold standard is the most probable break point ushering in an era of longer U.S. expansions, both absolutely and relative to subsequent recessions. Their analysis is based on cycle durations as defined by National Bureau of...