What Is the AMOC?  The Atlantic Meridional Overturning Circulation (AMOC) carries warm, salty surface water from the subtropics toward the North Atlantic, where the water cools, sinks, and flows back south. The delivery of warm water north helps keep Western...

Receiving Supplemental Security Income (SSI) in childhood increases children’s earnings in adulthood when parents continue working (and therefore total household income increases), but has zero or negative effects when parents offset the transfer by reducing their earnings. This suggests that...

Residential-commercial zoning in American cities increases neighborhood specialization and reduces resident welfare. The dominant effect of zoning is not to correct externalities—whether the negative spillovers (noise, congestion, pollution) of the traditional Euclidean view, or the positive spillovers from mixing that...