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Are School Counselors an Effective Education Input?
By helping even a few children in the classroom, school counselors could potentially induce widespread academic gains.
We exploit within-school variation in counselors and find that one additional counselor reduces student misbehavior and increases boys’ academic achievement by over one percentile point. These effects compare favorably with those of increased teacher quality and smaller class sizes.
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This paper was originally published by Economic Letters
Economic Dynamism

Partisan Trust in the Federal Reserve
This paper examines partisanship in public perceptions of the Federal Reserve.

The American Dream Is Not a Coin Flip, and Wages Have Not Stagnated
This paper challenges the prevailing narrative that stagnant wages are causing the American dream to fade. It contrasts subjective public opinion with revised objective intergenerational mobility measures.
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A Bad Business on the Bayou
Chevron finds itself the victim of a political alliance between the tort bar and Louisiana Republicans.
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Congress Must Shield US Companies from European Regulations
Congress should exercise its constitutional powers over foreign commerce to guard American companies against overregulation by the European Union.

Why Reciprocal Trade Negotiations Will Fail
Reciprocal trade agreements are doomed mainly because the division of labor creates huge gains through specialization.

What Is MAGA Antitrust?
The novel element in this new antitrust concoction is its ultimate subservience to the President.