This paper presents a model consisting of a large number of students who differ by race and by the stock of human capital of their parents. Students choose effort levels in high school and college. College attendance is dependent on the student’s decision to attend college and the college’s...

Foreclosures, causes and remedies, are being discussed and fiercely debated across our nation. Although there has been some examination of the causes of foreclosures, the current research has devoted its attention to examining what factors change the probability that an individual will go into...

The role of for-profit educational organizations in the predominantly public and not-for-profit K-12 US schooling system is being fiercely debated across our nation. Little empirical research is available to help policy-makers develop informed decisions regarding the educational value that...

This paper estimates the relationship between after-school supervision and cognitive achievement using a nationally-representative sample of children. The topic has important public policy implications due to the large role assumed by the government in providing childcare. The effects of family...

A critical challenge of Wisconsin’s Smart Growth Initiative is to include the public in the creation and development of the instrument. One implication of public participation is the strategic development of a comprehensive planning committee. Two crucial decisions occur when the committee is...

Theoretic growth models and microeconomic evidence suggest that human capital accumulation is an important determinant of per capita income growth. However, outliers, measurement errors, and incorrect specifications may have affected early macroeconomic studies that found a weak relationship...

In this paper we use monthly gasoline price data for all fifty U.S. states over the period 1984 to 1999 to examine the incidence of state gasoline excise taxes. Standard economic theory predicts full shifting of the excise tax to consumers when the supply of gasoline is perfectly elastic, and...