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This paper provides new evidence of sharp differences in cognitive development by socioeconomic status in early childhood for five Latin American countries using a common measure of receptive language...
This working paper integrates the role of entrepreneurship and firms into debates on why Asia, Latin America and Africa were slow to catch up with the West following the Industrial Revolution and the ...
We use NLSY97 data to examine how home price variation affects the quality of postsecondary schools students attend. We find a $10,000 increase in housing wealth increases the likelihood of public fla...
We study the distribution P(\omega) of the random variable \omega = x_1/(x_1 + x_2), where x_1 and x_2 are the wealths of two individuals selected at random from the same tempered Paretian ensemble ch...
Exponential distribution is ubiquitous in the framework of multi-agent systems. An alternative approach with an economic motivation to derive the exponential distribution in the framework of iteratio...
This essay asks how well Law and Economics theories and claims describe the real behavior of jurists, legislators and ordinary people in the past. It is not intended to serve as a critique of the soun...
The rapid growth of sovereign wealth funds (SWFs) in the last few years has important theoretical implications for scholarly debates concerning the political economy of global finance. It signals a re...
That the “Waron Poverty” that commenced in the late 1960s would have retarded and perhaps even reversed the rate at which people advanced above some arbitrarily established poverty level would have...
Pushed along by the failures of socialism, the idea that a market economy provides the foundation for prosperity has gained widespread acceptance in recent years. Many countries have moved toward an...
Many studies suggest that the key determinants of economic development are the accumulation of physical and human capital and technological improvements. Traditional neoclassical growth theory (e.g...
In 1971, Chile’s president Salvador Allende, a Marxist, got congressional approval for a constitutional reform that gave the state “absolute, exclusive, inalienable, and imprescriptible” ownership o...
On the anniversary of 9/11, and after the publication of his earlier book, The End of Poverty, Jeff rey Sachs made an appearance in Washington’s National Cathedral, billed as the prophet of the ...
We examine the relationship between early cognitive development, socioeconomic status (SES), child health, and parenting quality in a developing country. We use a sample of more than 3,000 predominant...
The Wealth of Mexican Americans     Wealth  Mexican Americans       2016/3/7
This paper analyzes the sources of disparities in the relative wealth position of Mexican Americans. Results reveal that—unlike the racial wealth gap—Mexican Americans’ wealth disadvantage is in large...
We explore the extent to which the large race gap in wealth can be explained with properly constructed income and demographic variables. In some instances we explain the entire wealth gap with income ...

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