This paper develops a static general equilibrium model of occupational choice with heterogeneity in both labor and entrepreneurial skills that generates high levels of employment informality. The ...

FOR those interested in the evolution of President Roosevelt’s tax philosophy — and who is n’t? — John Maynard Keynes’s new volume should be required reading. It will come as a shock to many to learn ...

There’s been a debate going on for a few years about whether the big rise in income inequality in the U.S. over the past three decades has been at least partly a political phenomenon or purely an ...

Understanding employment patterns of different segments of the population—and the extent to which they may be exposed to or impacted by evolving labor market conditions—contributes to a deeper ...

Following a one-day curfew popularly known as the “Janta Curfew” on 22 March 2020, the Government of India ordered a 21-day national lockdown to fight the spread of COVID-19 on 24 March 2020. The ...

The most definitive study of the U.S. national income appeared last week.* It was an eight-year study by the No. 1 student of what the U.S. earns for itself, University of Pennsylvania’s Simon Kuznets ...