Financial literacy is an important body of knowledge and set of skills that consumers need to successfully navigate the 21st century economy. Prior research shows financial literacy bears a significant relationship, along ...

Past research has determined using simple summary statistics that non-American, or “ethnic” restaurants score lower on their food safety inspections, even though they are not inspected significantly more often. Using a ...

Industries seeking trade protection are commonly interpreted to be motivated by the economic gains stemming from decreased foreign competition. Yet, while protection for an industry results in reduced competition for all ...

This paper analyzes the relationship between recreational marijuana legalization and the changes in economic activity, defined in employment and businesses. Using the North American Industry Classification System data ...

Among international development conventions, the most common in the gender empowerment field is: When you invest in women, they re-invest 90 percent back into their families and communities. This rate is considered ...

Building on previous empirical studies of violence and military aid spending, this paper adds to the growing body of literature by analyzing the recent reconstruction efforts in Afghanistan. New and more expansive violence ...

Using the Consumer Expenditure Survey, I document a new fact that the consumption response to monetary policy shocks is greater for households with higher default risk. I propose a consumer credit channel that accommodative ...

In the past eight years, the airline market in the United States has gone through a string of bankruptcies, some brought on by the severe economic recession in 2008 and 2009. These financial difficulties provided the impetus ...

It is an explicit policy goal of the United States (U.S.) to promote small business, including in contracting with the federal government. The majority of federal contract dollars are awarded by the Department of Defense ...

Despite the wealth of literature on the effects of the minimum wage on employment in the contiguous U.S., there is a dearth of comparable studies for the island of Puerto Rico. This paper exploits U.S. Census data for the ...