We consider the relationship between health and time allocation. Better health is associated with more time allocated towards production on the market and at home, but less consumption of leisure. This suggests that health exerts large effects on market productivity, but larger effects on...

The received wisdom is that the devastation wrought by the 1995 Kobe earthquake did not have any long-term impact on the Japanese economy, nor much impact on Kobe itself. We re-evaluate the evidence using a new methodology, synthetic control, and find a persistent and still continuing adverse...

I estimate the effect of state minimum legal drinking ages (MLDA) on teen pregnancy, birth, and abortion rates using individual level data from the National Longitudinal Survey of Youth. Results from a discrete-time hazard model indicate that a decrease in the MLDA below 21 years increases the...