The National Bureau of Economic Research
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Default Risk Dangers: The Effect of Downgrades in Public Credit on the Economy
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Declining trust in a government’s fiscal health and a negative economic outlook often go hand in hand. It is generally accepted that the effects of a declining economy, such as an eroding tax base and an increasing need for public services, can strain a government’s budget. A new study, however,…
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Examining Intergenerational Differences in Educational Performance of Immigrant Students
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Over the course of the past half-century, the United States has seen the largest wave of immigration since the Age of Mass Migration in the late 19th and early 20th centuries. Beginning in 1965, the Immigration and Nationality Act allowed for a significant increase in the flow of immigrants into…
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Growing Pains: The Link Between Increasing Wage Inequality and City Size
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Researchers establish a possible connection between rising wage inequality and city size.