This chapter surveys the literature on housing in macroeconomics. We first collect facts on
house prices and quantities in both the time series and the cross section of households and …

We review different empirical approaches that researchers have taken to estimate how
consumption responds to income changes. We critically evaluate the empirical evidence on …

内容提要: 本文选择中国城镇居民1991—1998 年间平行面数据, 采用工具变量和广义矩估计
方法, 对预防性储蓄模型进行估测, 研究结果表明我国城镇居民存在显著的预防性储蓄动机 …

There are fewer people living in extreme poverty in the world today than 30 years ago. While
that is an achievement, continuing progress for poor people is far from assured. Inequalities …

Multidimensional poverty measurement and analysis is evolving rapidly. A particular
counting approach to multidimensional poverty measurement, developed by Sabina Alkire …

What the financial diaries of working-class families reveal about economic stresses, why
they happen, and what policies might reduce them Deep within the American Dream lies the …

We review research that measures time preferences—ie, preferences over intertemporal
trade—offs. We distinguish between studies using financial flows, which we call “money …

We apply a machine learning technique to characterize habit formation in two large panel
data sets with objective measures of 1) gym attendance (over 12 million observations) and …

We show that financial knowledge is a key determinant of wealth inequality in a stochastic
life cycle model with endogenous financial knowledge accumulation, where financial …

The goal of this chapter is to study how, and by how much, household income, wealth, and
preference heterogeneity amplify and propagate a macroeconomic shock. We focus on the …