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A Cautionary Tale about Emergency Financial Assistance without Services: Evidence from a Randomized Controlled Trial Evaluation at a Community College

By William N. Evans, Melissa S. Kearney, Brendan Perry, and James X. Sullivan

AEA Papers and Proceedings, May 2019

Community college completion rates are extremely low, especially among low-income students. One potential explanation is that low-income students have limited capacity to overcome financial shocks, such as large medical, legal, or car repair bills. Some p...

Intergenerational Human Capital Spillovers: Indonesia's School Construction and Its Effects on the Next Generation

By Bhashkar Mazumder, Maria Rosales-Rueda, and Margaret Triyana

AEA Papers and Proceedings, May 2019

We analyze the effects of increased access to education in one generation on human capital outcomes in the next generation. Using longitudinal data, we exploit the geographical and cohort variations in exposure to a massive primary school construction pro...

Fading Stars

By Germán Gutiérrez and Thomas Philippon

AEA Papers and Proceedings, May 2019

We study the evolution of superstar firms in the US economy over the past 60 years. Contrary to common wisdom, superstar firms have not become larger or more productive but have become more profitable. The contribution of star firms to aggregate US produc...