Using a unique set of household level panel data, we estimate the effect of capital gains on saving by asset type, controlling for observable and unobservable household specific fixed effects. The results suggest that the decline in the personal saving rate since 1984 is largely due to the...

In this paper, we attempt to explain differences between the US and UK household wealth distributions, with an emphasis on the quite different porfolios held in stock and housing equities in the two countries. As a proportion of their total wealth, British households hold relatively small...

A half a century has passed since the landmark decision Brown v. Board of Education (1954) overturned the doctrine of separate but equal in the realm of public education. This chapter attempts to summarize what we know about the impact of Brown on enrollment patterns and academic and economic...

This chapter examines the literature that attempts to measure the relationship between labor earnings and the average quality of a state's elementary and secondary schools where school quality is approximated by statewide average characteristics like the teacher-pupil ratio. We present evidence...