It’s time for other arguments about climate change

The “debate” about climate change is so poisoned it has brought down at least two Australian prime ministers, and the very term is redacted from US government websites. So maybe it’s time to retire, or at least rein in, this line of argument. The externalities produced by burning coal and oil, from factory farming etc., […]

Immigrants assimilate

…Overall though, lessons from the Age of Mass Migration suggest that fears that immigrants cannot or will not fit into American society are misplaced. It would be a mistake to determine immigration policy based on the belief that immigrants will remain foreigners, preserving their old ways of life and keeping themselves at arm’s length from […]

The importance of local news

Following a newspaper closure, we find municipal borrowing costs increase by 5 to 11 basis points in the long run. Identification tests illustrate that these results are not being driven by deteriorating local economic conditions. The loss of monitoring that results from newspaper closures is associated with increased government inefficiencies, including higher likelihoods of costly […]

Skin colour and wages

…we focus on individuals who “passed for White,” an important social phenomenon at the time. To do so, we identify individuals coded “Mulatto” as children but “White” as adults. Passing meant that individuals changed their racial affiliation by changing their social presentation while skin color remained unchanged. Comparing passers to their siblings who did not […]

The cost of affirmative action

We evaluate the effect of introducing a gender quota in an environment where high-performing women fail to enter competitions they can win. We show that guaranteeing women equal representation among winners increases their entry. The response exceeds that predicted by the change in probability of winning and is in part driven by women being more […]

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