The surge of inequality in income and wealth in the United States over the past twenty-five years has reversed the steady progress toward greater equality that had been underway throughout most of the twentieth century. This economic development has defied historical patterns and surprised many econ[...]

David Card and Alan B. Krueger have already made national news with their pathbreaking research on the minimum wage. Here they present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. In a work that has important implications for public po[...]

Surely everyone wants to know the source of happiness - and indeed, economists and social scientists are increasingly interested in the study and effects of subjective well-being. Putting forward a new method for measuring, comparing, and analyzing the relationship between happiness and the way peop[...]