Numerous studies regress log earnings on schooling and report estimated coefficients as
“Mincer rates of return”. A more recent literature uses instrumental variables. This chapter …

Macroeconomics is evolving from the study of aggregate dynamics to the study of the
dynamics of the entire equilibrium distribution of allocations across individual economic …

This paper provides micro-level evidence on how FinTech adoption affects household
consumption and consumption inequality. Our hypothesis is that through FinTech's payment …

Using data from the China Family Panel Studies (CFPS) and the digital inclusive financial
index (DFI), this paper explores the relationship between fintech innovation and household …

Understanding who would be affected in which way by carbon pricing is pivotal for effective
and socially equitable policy design, addressing climate change and reducing inequality …

We examine the link between wage and consumption inequality using a life-cycle model
incorporating consumption and family labor supply decisions. We derive analytical …

Emerging market business cycles exhibit strongly countercyclical current accounts,
consumption volatility that exceeds income volatility, and “sudden stops” in capital inflows …

The substantially revised fourth edition of a widely used text, offering both an introduction to
recursive methods and advanced material, mixing tools and sample applications. Recursive …

This paper examines the link between income and consumption inequality. We create panel
data on consumption for the Panel Study of Income Dynamics using an imputation …

We revisit to what extent the increase in income inequality since 1980 was mirrored by
consumption inequality. We do so by constructing an alternative measure of consumption …