This article examines the Confederate cotton bonds floated in Europe in March 1863 and traded on the London market. Over a 27 March 1863 to 17 June 1865 sample we isolate two, nonreversed, turning points that follow news of Confederate defeat at Gettysburg and Vicksburg in July 1863 and the fall...

Under the educational sorting hypothesis, an environment in which some individuals are constrained from entering university will be characterized by increased pooling at the high school graduation level, as compared to an environment with greater university access. This results because some...

Under the educational sorting hypothesis, an environment in which some individuals are constrained from entering university will be characterized by increased pooling at the high school graduation level, as compared to an environment with greater university access.This results because some...

Capitation models have been suggested as an alternative to funding methods baseed on historical utilization patterns. Capitation funding distributes resources to regions or programs according to their population, adjusted for the age and gender composition and relative need. The most commonly...

The rise in the divorce rate over the past 40 years is one of the fundamental changes in American society. A seemingly ever-increasing number of women and children spend some fraction of their life in single female-headed households, leading many to be concerned about the economic circumstances...

It has long since been established that children raised by single parents are more likely to become sexually active, commit illegal acts, and use illegal drugs at young ages. What has not been determined is whether or not there is a causal effect associated with the disintegration of the family....

To understand the issues involved, leading lawyers and economists examine various facets of the child support system from a law and economics perspective. They consider the incentives faced by both custodial and non-custodial parents, and search for policy actions that are more...