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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
AI and the Future of Society and Economy
Large language and generative AI models like ChatGPT are the equivalent of the first automobiles: fun to play with, somewhat unreliable, and maybe a little dangerous. But over time, the lesson for will be clear: Who Learns Fastest, Wins.
Automated Detection of Emotion in Central Bank Communication: A Warning
Can LLMs help us better understand the role of emotion in central bank communication?
How We Built the Arsenal of Democracy
By unleashing the energy, creativity, and drive of the private sector to rebuild our defense-industrial base, we can trigger a tech-industrial revival of the American economy.
The $130 Billion Train That Couldn’t
California’s High Speed Rail is only the latest blue-state infrastructure failure.
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When Will America Max Out the National Credit Card?
Rather than responsibly consider debt before it is issued, both political parties wish to eliminate the need to ever think about our nation’s debt again.
Will Beachfront Homes Be Condemned Into the Sea?
The dominant rule of private ownership is that the owner of the dry land above the beach benefits as the waters recede and suffers the loss of land as the waters rise.
