This paper constructs a new global historical database on public expenditure and revenue and their components—particularly education and health expenditure—covering all world regions over the 1800-2025 period.…
We analyze the impact of downward nominal wage rigidity (DNWR) due to collective bargaining agreements (CBAs) on wage and employment dynamics during two major recessions in Spain: the low-inflation recession of…
Despite a decade of “Make in India,” the country’s manufacturing ambitions remain hamstrung by a fundamental constraint of skills deficit rooted in weak education policies. Drawing on systematic historical…
Why do US college-educated couples with children marry at higher rates than those without a college degree? We argue that investing in children is more valuable for college-educated couples, who are more likely…