The evolution of market economies has dramatically broadened the opportunities of consumers, workers, investors, and firms. Financial services have become especially free and accessible, but also increasingly complex. For the new financial freedom to help most people, they must understand their...

Analyzes the extent to which U.S. tax policies reduce the income gap between richer and poorer individuals and contrasts the extent to which these policies alter rankings of individuals in overall income distribution.

As a society, we seem incapable of improving the work chances of high school graduates or the many less-advantaged graduates who enter college and never finish. The authors propose a different and less costly way. They call it earning while learning. It involves expanding apprenticeships but...