Over the last half century, US wage growth stagnated, wage inequality rose, and the labor-
force participation rate of prime-age men steadily declined. In this article, we examine these …

The problem of individuals' failure to save enough for retirement during their working years
is a persistent policy concern and the subject of a large literature in tax law and behavioral …

The analysis in this paper documents a high-frequency link between housing markets and
downtown gentrification. Specifically, property values and the share of formally educated …

The analysis in this paper documents a high-frequency link between housing markets and
downtown gentrification since the mid-1990s. Specifically, property values and the share of …

This article surveys recent work on the role of law in determining economic aggregates such
as gross domestic product, unemployment, inflation, and productivity growth. We provide a …

The combination of consumer preferences, technological changes, and different income
elasticities among goods and services can generate inequalities among agents leading to …

This paper explores the relationship between product innovation and consumption
inequality. We employ a modified version of the agent-based macroeconomic model in …

The field of law and macroeconomics is emerging at a critical time.] The macroeconomy-and
the field of macroeconomics-faces a number of challenges. Some of these challenges are …