We find that interventions (e.g., busing) that move children to a more favorable neighborhood have large effects but lose impact when they are scaled up because parents’ equilibrium responses push against successful integration with the new peer group.
That is from . Here is the NBER version, here is the JPE version.
The post Sentences to ponder appeared first on Marginal REVOLUTION.
One-Third of US Families Earn Over $150,000
It’s astonishing that the richest country in world history could convince itself that it was plundered by immigrants and trade....
Affordability sentences to ponder
The post Affordability sentences to ponder appeared first on Marginal REVOLUTION. Source link...
Prediction Markets Are Very Accurate
alexmccullough at Dune has a very good post on the accuracy of Polymarket prediction markets. First, how do we measure...
Creative Destruction in a Nutshell
A good figure from the Nobel Prize Foundation’s Scientific Background to the Mokyr, Aghion and Howitt Nobel. The figure shows...
