House Bias: The economic consequences of subsidizing homeownership

Over the past 60 years, various public policies have been aimed at increasing the number of homeowners in America. Yet economists worry that the subsidies to this sort of investment have led to some undesirable consequences. Has the United States invested too much in homeownership?

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Baby Boomers and Second Home Ownership (Web Exclusive)

Up in the Air: Carbon Policies Weigh Environmental and Economic Risks

One of the most interesting debates in environmental economics pits supporters of a carbon tax against those who prefer a cap-and-trade policy. As the economists ponder, a coalition of Northeastern states is embarking on an experiment to create a market for carbon permits.
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Immigrant Entrepreneurs: Talent, Technology, and Jobs

A quarter of venture-capital backed firms in the United States were founded by immigrants. Many of these are high-tech and engineering companies. The modern U.S. economy seems to be driven in large part by businesses started by newcomers.
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