Working Papers

How do cognitive skills shape fertility timing? I estimate a life-cycle model showing that contraception frictions, not just opportunity costs, drive the ability gradient in teen childbearing.

Why do parents invest so heavily in their children’s college education? I argue that college acts as a commitment device against …

We estimate the U.S. federal fiscal imbalance at $202.9 trillion in perpetuity using Penn Wharton Budget Model microsimulations.