The neoclassical growth model implies that if two economies have the same preferences and technology, the poorer country will tend to grow faster in per capita terms. The relatively homogeneous counties of Pennsylvania provide an excellent test of the model's convergence predictions. There is no...

Since some mutual fund expenses are fixed costs, asset growth ought to reduce the fund's expense ratio. As affirmed by Jones v. Harris Associates, economies of scale is a factor considered by courts in evaluating the reasonableness of mutual fund fees. Using a longitudinal data set containing...

I use synthetic control methods to identify the long run impact of the Pennsylvania fracking boom on the distribution of income among local residents. I measure income inequality using estimates of county Gini coefficients for total income made from tax bracket data compiled by the Pennsylvania...