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...

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...

The Research Handbook on the Economics of Family Law gives us a series of original essays by distinguished scholars in economics, law or both. The essays represent a variety of approaches to the field. Many contain extensive surveys of the literature with respect to the particular question they...

Can expanded apprenticeship reduce the concerns about the U.S. workforce? The U.S. labor market faces a rise in unemployment rates, sharp declines in the employed share of U.S. adults, extremely high youth unemployment, high wage inequality, and low or stagnant wage growth for workers below the...

With more parents living apart, the societal problem of parents who fail to share with each other or with their children becomes more acute. Although governments have mainly relied on public transfers to address the resulting economic hardships among children, the emphasis has been shifting...