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Keywords:Education 

Working Paper
Macroeconomic implications of competitive college admissions

We present a public higher education model in which there exist indivisibilities in educational investment. Consequently, when demand for educational services exceed supply, a screening mechanism, which may potentially be imperfect, is required to choose the student body. We demonstrate how distortions or biases in screening--caused by parental factors--interact with the distribution of income to help explain the considerable differences across countries in the share of resources devoted to public higher education. Moderate degrees of admission bias lower the share of resources devoted to ...
International Finance Discussion Papers , Paper 613

Speech
Early Childhood Development and Economic Growth

Early childhood development may seem like an odd topic for a Federal Reserve Bank president.1 The public policy responsibility for which the Fed is best known is the nation’s monetary policy – a macroeconomic subject that would seem to stand in sharp contrast to the more microeconomic focus of Governor Kaine’s summit today. But as a regional Reserve Bank in a federated central banking system like the Fed, we spend a good deal of time trying to understand the economies that make up our District, which, as you may know, includes Maryland, Washington, D.C., Virginia, West Virginia and the ...
Speech

Journal Article
Sheepskin blues

Regional Review , Issue Jun , Pages 13-19

Journal Article
School accountability and student performance - commentary

Regional Economic Development , Issue Mar , Pages 66-67

Journal Article
The ABCs of ECD

Conference explores the latest research on the economics of early childhood development
The Region , Volume 17 , Issue Dec , Pages 20-24

Journal Article
Teaching economics

Regional Review , Issue Sum , Pages 5

Journal Article
The effects of education on health

In the United States, wide disparity exists in the health of individuals with different levels of education
Economic Synopses

Working Paper
School choice through relocation: evidence from the Washington, D.C. area

In this paper I show how the monetary value that parents place on school quality may be inferred from their choice of residential location. The method identifies the valuation that parents place on school quality from the differential effect that measures of school quality have on the residential choices of households with and without children. I implement the method with data from the U.S. Census for Washington, D.C. using residential location decisions in 1990. For whites I find that school quality is an important determinant of residential choices and that households with children in the ...
Working Paper Series , Paper WP-99-7

Journal Article
Don't mess with Texas

Southwest Economy , Issue Jan , Pages 1-7

Journal Article
School accountability and student performance - commentary

Regional Economic Development , Issue Mar , Pages 75-76

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