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.

A youth's decision to attend school depends on individual, family, and area forces. A special data source that includes the March 1967 Current Population Survey allowed all three types of variables to appear in the same regression. Separate regressions were performed on youths who differ by...