Rational models of risk-averse consumers have difficulty explaining limited annuity demand. We posit that consumers evaluate annuity products using a narrow quot;investment framequot; that focuses on risk and return, rather than a quot;consumption framequot; that considers the consequences for...

This paper evaluates the impact of the Federal Sentencing Guidelines on inter-judge sentencing disparity, which is defined as the differences in average nominal prison sentence lengths for comparable caseloads assigned to different judges. This disparity is measured as the dispersion of a random...

This paper evaluates the impact of the Federal Sentencing Guidelines on inter-judge sentencing disparity, which is defined as the differences in average nominal prison sentence lengths for comparable caseloads assigned to different judges. This disparity is measured as the dispersion of a random...

This paper evaluates the impact of the Federal Sentencing Guidelines on interjudge sentencing disparity, which is defined as the differences in average nominal prison sentence lengths for comparable caseloads assigned to different judges. This disparity is measured as the dispersion of a random...

Would economic growth be better if population growth were slower? There are two apparently opposite answers to this question. Advocates of policies to reduce population growth rates are completely convinced by the common sense view that rapid population growth greatly hurts economic growth...

We examine the effects of moving out of high-poverty neighborhoods on the outcomes of teenage youth, a population often seen as most at risk from the adverse effects of such neighborhoods. The randomized design of the Moving To Opportunity demonstration allows us to compare groups of youth,...

Several important social science literatures hinge on the functional relationship between neighborhood characteristics and individual outcomes. Although there have been numerous non-experimental estimates of these relationships, there are serious concerns about their reliability because...