Why are some people wealthy while others are poor? To what extent can governments affect
inequality? Which instruments should they use? Answering these questions requires …

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

Homes exposed to sea level rise (SLR) sell for approximately 7% less than observably
equivalent unexposed properties equidistant from the beach. This discount has grown over …

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 …

We provide a systematic analysis of the properties of individual returns to wealth using 12
years of population data from Norway's administrative tax records. We document a number …

Various studies raise concerns over the pervasive poverty among women after retirement.
Although much research is available on retirement planning, the advent of behavioral …

Intertemporal tradeoffs play a key role in many personal decisions and policy questions. We
describe models of intertemporal choice, identify empirical regularities in choice, and pose …

Many people fail to save what they will need for retirement. Research on excessive
discounting of the future suggests that removing the lure of immediate rewards by …

Relying on comprehensive measures of financial knowledge, we provide evidence of a
strong positive association between financial literacy and net worth, even after controlling for …

This study isolates the causal effects of financial literacy and schooling on wealth
accumulation using a new household dataset and an instrumental variables (IV) approach …