We survey the recent, fast-growing literature on peer effects in networks. An important
recurring theme is that the causal identification of peer effects depends on the structure of …

The growth of the availability and use of detailed household financial transaction micro data
has dramatically expanded the ability of researchers to understand both household decision …

In this essay, we discuss the importance of consumption inequality in the debate concerning
the measurement of disparities in economic well-being. We summarize the advantages and …

Contrary to common belief, large digital platforms that deal directly with consumers, such as
Amazon, Apple, Facebook, and Google, are not" winner-take-all" firms. They must compete …

We use responses to survey questions in the 2010 Italian Survey of Household Income and
Wealth that ask consumers how much of an unexpected transitory income change they …

We study how health behaviors are shaped through family spillovers. We leverage
administrative data to identify the effects of health shocks on family members' consumption …

This study investigates whether a private firm's decision to go public affects the IPO
decisions of its competitors. Using detailed data from the drug development industry, we …

This paper analyzes the link between wages and outside employment opportunities. To
overcome the fact that factors that affect a worker's outside options may also impact her …

We study the consumption response to typical labor income shocks and investigate how
these vary by wealth and race. First, we estimate the elasticity of consumption with respect to …

Almost half of American families did not adjust their consumption following receipt of the
2001 or 2008 tax rebates. Another 20 percent, with low income and more likely to rent, spent …