All of our choices and all that sets us apart are governed by what we can do, what we want to do, and what we know. This dissertation aims to quantify two of these channels to better understand why we differ. The first two chapters focus on what we know and how it shapes societal gaps. The first chapter attacks the question of how much of the gap…

Card and Krueger (1992a,b) used labor market outcomes to study the productivity of school spending. Following their lead, we examine effects of post-1990 school finance reforms on students' educational attainment and labor market outcomes. Using a state-by-cohort panel design, we find that reforms increased high school completion and…