Home-based work differs from other employment because the work site is the home itself. This difference means that the fixed costs of working at home are less than the fixed costs of working on site and that home-based workers may engage in joint market ...

The wage differential between black and white men fell from 40 percent in 1960 to 25 percent in 1980. It has been argued that this convergence reflects improvements in the relative quality of black schools. To test this hypothesis, we assembled data on ...

This paper uses a choice-based model to estimate the effects of a broad set of economic factors, including AFDC benefit levels, husband's earnings, and a woman's wage rate, on the probability of marital dissolution. We find that the probability of divorce is lower for marriages in which the...

We examine the role of financial development in economic growth in the former Communist countries of Central and Eastern Europe and the Commonwealth of Independent States during the first two decades since the beginning of transition. These countries, which had undeveloped financial systems...