The relationship between intellectual property rights (IPR) protection and foreign direct investment (FDI) continues to pose a challenging puzzle. While several studies have found that these two variables are positively correlated, others have not been able to find conclusive results or have...

This paper describes the application a semi-parametric approach, a varying coefficients model (Hastie and Tibshirani, 1993), to implement an Oaxaca-Blinder type of decomposition in the presence of self-selection into treatment groups for a continuum of comparison groups. The flexibility of this...

This paper calculates the cost of an unemployment shock in terms of family welfare. We find that, overall, families face an average annualized expected dollar equivalent welfare loss of $1,156 when the unemployment rate rises by 1 percentage point. The average welfare loss for married families...

This paper suggests that societies exhibiting a large degree of educational polarization among its populace are systematically more likely to slip into civil conflict and civil war. Intuitively, political preferences and beliefs of highly educated citizens are likely to differ fundamentally from...

A large fraction of the variance in aggregate crime rates cannot be explained by observable socioeconomic conditions. Social determinants of crime may drive the unexplained variation, but economic models of social influence so far emphasize the intensity of criminal effort, not the decision of...