The evaluation of educational programs has accelerated dramatically in the past quarter century. While such evaluations were once almost exclusively conducted in the U.S., they have broadened dramatically across many countries of the world.

Using de-identified bank account data, we show that spending drops sharply at the large and predictable decrease in income arising from the exhaustion of unemployment insurance (UI) benefits.

We construct and estimate a model of child development in which both the parents and children make investments in the child’s skill development.


The Oxford Series on Human Capital and Economic Opportunity will present state-of-the-art research from a variety of perspectives on the problems of opportunity, human flourishing, and public policy. Volumes in the series will be grouped in accordance with these themes and will be based on the work of HCEO members. In some cases, the volumes will contain research first presented at HCEO conferences, and in others will contain specially commissioned research. The series is published by the Oxford University Press.