[...]The main conclusion from this review is that thewidely held belief that American schools have failed—thatthey are performing worse today than they have in the past,that a high school degree is no longer valuable, and thatadditional resources yield no benefits in the current system—is...

[...]The purpose of this paper is to answer threerelated questions. First, what general facts can we learn byexamining the traditional forms of school choice in theUnited States? In particular, we need to understand thegeneral relationship between school choice and five factors:(1) student...

[...]This report and subsequent publications by Colemanand his associates ignited a heated and often acrimoniousdebate among social scientists concerning the relativeeducational performance of public and private schools.For example, Coleman, Kilgore, and Hoffer (1981) foundthat, in a population...

[...]In this paper, I examine two methods of measuringthe value of better schools. One involves following individualsover time to determine how the quality of theirschooling affects outcomes later in their lives; the otherinvolves calculating parental valuation of better schoolstoday. I review...

[...]The central point is simple: far and away themost important determinant of how quickly studentslearn is the effort of students themselves. It follows thatan increase in schools’ expectations of students couldhave important effects on the quality of public schooling.By establishing a...

The papers presented in this conference highlightthree concerns with current labor marketoutcomes in the United States—stagnant or declining real wages, stagnantproductivity growth, and a widening gap in the wages ofskilled and unskilled workers. Several recent examinations(for example, Brauer...

The paper evaluates the performance of three popular monetary policy rules when the central bank is learning aboutthe parameter values of a simple New Keynesian model. The three policies are: (1) the optimal non-inertial rule; (2)the optimal history-dependent rule; (3) the optimal price-level...