Studies based on inputs measured at the state level generally report that school expenditures have substantial effects on students' adult wages, whereas studies based on less aggregated measures report small effects. The author uses wage data from High School and Beyond to analyze this...

Despite widespread popular accounts that link crack cocaine to inner-city decay, little systematic research has analyzed how the emergence of crack affected urban crime. We study this question using FBI crime rates for 27 metropolitan areas and two sources of information on when crack first...

Economists have long been concerned with the labor market problems of young men. Recently, research has indicated that one-fourth to one-half of all men are active in crime at some point during their youth. Furthermore, joblessness and criminal activity vary similarly by age and race. The author...