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Does Schooling Cause Growth?

By Mark Bils and Peter J. Klenow

American Economic Review, December 2000

A number of economists find that growth and schooling are highly correlated across countries. A model is examined in which the ability to build on the human capital of one's elders plays an important role in linking growth to schooling. The model is calib...

How Effective Are US Renewable Energy Subsidies in Cutting Greenhouse Gases?

By Brian C. Murray, Maureen L. Cropper, Francisco C. de la Chesnaye, and John M. Reilly

American Economic Review, May 2014

The federal tax code provides preferential treatment for the production and use of renewable energy. We report estimates of the subsidies' effects on greenhouse gases (GHG) emissions developed in a recent National Research Council (NRC) Report. Due to lac...

The CEA: An Inside Voice for Mainstream Economics

[Symposium: Fifty Years of the Council of Economic Advisers]

By Charles L. Schultze

Journal of Economic Perspectives, Summer 1996

After initially concentrating on macroeconomic policy, the Council of Economic Advisors (CEA) soon began to provide the president with advice on virtually all issues with economic content. On a wide range of issues there has been a commonality of advice g...

Patient Cost-Sharing and Healthcare Spending Growth

[Symposium: Constraining Healthcare Costs]

By Katherine Baicker and Dana Goldman

Journal of Economic Perspectives, Spring 2011

In this paper, we explore the role patient incentives play in slowing healthcare spending growth. Evidence suggests that while patients do indeed respond to financial incentives, cost-sharing does not uniformly improve value; rather, cost-sharing provisi...