Will Trump accounts and grandparent 529s bring down the price of college in the future?
Caps on student borrowing could also play into how America pays for college.
Caps on student borrowing could also play into how America pays for college.
U.S. life expectancy stagnated and declined in the 2010s despite continued growth in real per capita income. We use Preston curves to characterize this pattern as a change in the relationship between income and longevity. Using state-level data from 1980 to 2019 and county-level data from 2000 to 2019, we estimate population-weighted Preston curves relating…
The state of the AI revolution can be confusing. At times, it can seem as if the latest artificial intelligence models are showing huge capability increases. One example is when two OpenAI models broke out of the lab, accessed the internet, and broke into another AI company. Or, as a Wall Street Journal headline put…
Clarity of responsibility is an essential element of political accountability. We develop a rational model of Bayesian updating in the presence of ambiguous attribution and we test its predictions using an original survey. We show that respondents’ partisanship, assessment of public healthcare quality, and beliefs over which layer of government is responsible for healthcare are…
Growth theory is based on the assumption of exponential total factor productivity (TFP) growth, or that the conditional expectation of the next TFP increment is proportional to the current level of TFP. In the U.S., we find strong evidence that TFP growth is conditionally additive, not exponential. Even starting from low priors, Bayesian estimation selects…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2026. Brendan McDermid | Reuters Major U.S. stock indexes tumbled on Thursday as investors began to price in the consequences of a renewed and prolonged conflict in the Middle East. While the U.S. has conducted strikes…
Pfizer Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, March 4, 2026. Michael Nagle | Bloomberg | Getty Images Pfizer on Tuesday reported second-quarter results that topped estimates and hiked the low end of its revenue outlook, citing the stronger-than-expected performance of non-Covid products. The…