This paper studies the effects of school vouchers in Chile, which adopted a nationwide school voucher program 25 years ago. Chile has a relatively unregulated, decentralized, competitive market in primary and secondary education and therefore provides a unique setting in which to study how...

In 1980, Chile dramatically reformed its retirement system, replacing what was an old insolvent PAYGO program with a new structure that relies heavily on funded defined contribution individual accounts. In addition, eligibility and benefit requirements were standardized, and a safety net for...

Using a relatively mild restriction on the beliefs of the MMEU-apreference functional, in which the decision maker’s degree of ambiguity and degree of pessimism are each parameterized, we present a rather general theory of religious choice in the decision theory tradition, one that can resolve...

What criteria should be used to evaluate the impact of a new employee wellness program when the initial vendor contract expires? Published academic literature focuses on return-on-investment as the gold standard for wellness program evaluation, and a recent meta-analysis concludes that wellness...

In this paper we examine how children affect happiness and relationships within a family by analyzing two unique questions in the National Longitudinal Study of Youth’s 1997 cohort. We find that (a) presence of children is associated with a loss of spousal love; (b) loss of spousal love is...

Since the late 1970s, many employees of state-owned enterprises have been laid off, and more and more rural people have migrated to urban areas. Many laid-off and migrant workers have become the urban poor. This paper discusses the general situation of the urban poor in China by examining how...