We report preliminary results of an analysis of the reaction of stock prices to
announcements of reductions in force (RIFs) using a large sample of such announcements
during the 1970-1997 period collected from the Wall Street Journal index. We find…

Despite earlier evidence to the contrary, recent inquiries appear to reach a consensus that the poor
pay more for food. However, these studies utilize samples drawn on the basis of prior
knowledge of unfair pricing strategies, proximity of volunteer surveyors,…

We study the reaction of stock prices to announcements of reductions in force
(RIFs) using a sample of nearly 3878 such announcements in 1176 large firms during the
1970-97 period collected from the Wall Street Journal Index. We note that,…

This paper provides a long-term follow-up of students who participated in the Tennessee STAR experiment. The Tennessee STAR experiment randomly assigned l 1,600 elementary school
students and their teachers to a small class, regular-size class or regular-size class with a…

An instrumental variable can be used to identify the labor market return to schooling by
allowing comparisons between groups of individuals whose differences in schooling levels are
uncorrelated with their underlying marginal benefit from schooling and with other aspects of