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Many believe that American education can only be improved with a sizable infusion of new resources into the nation's schools. Others find little evidence that large increases in spending lead to improvements in educational performance. Do additional school resources actually make any difference? The evidence on this question offers a striking paradox. Many analysts have found that extra school resources play a negligible role in improving student achievement while children are in school. Yet many economists have gathered data showing that students who attend well-endowed schools grow up to...

This book addresses two main issues. It examines the changing distribution of U.S. jobs and seeks to determine whether recent employment growth has been disproportionately concentrated in low-wage jobs. And it attempt to establish the main economic causes behind the drift in the American wage structure.

Examines the effects of rising social security costs and of measures adopted to deal with them, and discusses possible ways of coping with the shortfall of available money for the aging American population.