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Photo(s) of the week: J-24 racing

No matter what day of the week it is, whether its a warm and sunny day or if it’s bitter cold and raining, in the summer and fall, there will be boats out racing on Narragansett Bay. 72 more words

Sailing

Boyan Jovanovic: Misallocation and Growth

Boyan Jovanovic

This paper models growth via on-the-job learning when firms and workers are heterogeneous.

It is an overlapping generations model in which young agents match with the old. 81 more words