Archive of NBER Papers on Household Finance Working Group

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2020
w28312 Naomi Feldman
Ori Heffetz

A Grant to Every Citizen: Survey Evidence of the Impact of a Direct Government Payment in Israel
w28281 Misha Galashin
Martin Kanz
Ricardo Perez-Truglia

Macroeconomic Expectations and Credit Card Spending
w28252 Greg Buchak
Gregor Matvos
Tomasz Piskorski
Amit Seru

Why is Intermediating Houses so Difficult? Evidence from iBuyers
w28249 Emily Breza
Martin Kanz
Leora F. Klapper

Learning to Navigate a New Financial Technology: Evidence from Payroll Accounts
w28242 Marco Di Maggio
Angela T. Ma
Emily Williams

In the Red: Overdrafts, Payday Lending and the Underbanked
w28239 Sandra E. Black
Paul J. Devereux
Fanny Landaud
Kjell G. Salvanes

Where Does Wealth Come From?
w28235 Marcelo L. Bergolo
Martin Leites
Ricardo Perez-Truglia
Matias Strehl

What Makes a Tax Evader?
w28226 Stefano Giglio
Bryan T. Kelly
Johannes Stroebel

Climate Finance
w28201 Patrick J. Kehoe
Pierlauro Lopez
Virgiliu Midrigan
Elena Pastorino

Credit Frictions in the Great Recession
w28169 Carla Varona Cervantes
Russell Cooper

Labor Market Implications of Education MisMatch
w28165 Fernando V. Ferreira
Maisy Wong

Estimating Preferences for Neighborhood Amenities Under Imperfect Information
w28151 Olivia S. Kim
Jonathan A. Parker
Antoinette Schoar

Revenue Collapses and the Consumption of Small Business Owners in the Early Stages of the COVID-19 Pandemic
w28145 Fernando E. Alvarez
David O. Argente

On the Effects of the Availability of Means of Payments: The Case of Uber
w28138 Victor Stango
Jonathan Zinman

We are all Behavioral, More or Less: A Taxonomy of Consumer Decision Making
w28136 Andreas Grunewald
Jonathan A. Lanning
David C. Low
Tobias Salz

Auto Dealer Loan Intermediation: Consumer Behavior and Competitive Effects
w28118 Zhiguo He
Jing Huang
Jidong Zhou

Open Banking: Credit Market Competition When Borrowers Own the Data
w28086 Elizabeth Linos
Allen Prohofsky
Aparna Ramesh
Jesse Rothstein
Matt Unrath

Can Nudges Increase Take-up of the EITC?: Evidence from Multiple Field Experiments
w28063 Claire Yurong Hong
Xiaomeng Lu
Jun Pan

FinTech Adoption and Household Risk-Taking
w28039 Gene Amromin
Neil Bhutta
Benjamin J. Keys

Refinancing, Monetary Policy, and the Credit Cycle
w28028 Jonathan A. Parker
Antoinette Schoar
Yang Sun

Retail Financial Innovation and Stock Market Dynamics: The Case of Target Date Funds
w28007 Daniel J. Benjamin
Mark Alan Fontana
Miles S. Kimball

Reconsidering Risk Aversion
w28003 Anya Samek
Justin R. Sydnor

Impact of Consequence Information on Insurance Choice
w27989 Asaf Bernstein
Stephen B. Billings
Matthew Gustafson
Ryan Lewis

Partisan Residential Sorting on Climate Change Risk
w27979 Alexander W. Butler
Bruce I. Carlin
Alan D. Crane
Boyang Liu
James P. Weston

The Value of Social Status
w27973 Theresa Kuchler
Johannes Stroebel

Social Finance
w27969 Svetlana Bender
James J. Choi
Danielle Dyson
Adriana Z. Robertson

Millionaires Speak: What Drives Their Personal Investment Decisions?
w27944 Orazio Attanasio
Agnes Kovacs
Patrick Moran

Temptation and Commitment: Understanding Hand-to-Mouth Behavior
w27937 Steve Cicala
Powering Work from Home
w27930 Benjamin J. Keys
Philip Mulder

Neglected No More: Housing Markets, Mortgage Lending, and Sea Level Rise
w27899 Paolo Acciari
Salvatore Morelli

Wealth Transfers and Net Wealth at Death: Evidence from the Italian Inheritance Tax Records 1995-2016
w27888 James Andreoni
Ray Madoff

Calculating DAF Payout and What We Learn When We Do It Correctly
w27885 Rajashri Chakrabarti
Nicole Gorton
Michael F. Lovenheim

State Investment in Higher Education: Effects on Human Capital Formation, Student Debt, and Long-term Financial Outcomes of Students
w27876 Christopher D. Carroll
Edmund Crawley
Jiri Slacalek
Matthew N. White

Modeling the Consumption Response to the CARES Act
w27869 Charles Yuji Horioka
Is the Selfish Life-Cycle Model More Applicable in Japan and, If So, Why? A Literature Survey
w27860 Victor Stango
Jonathan Zinman

Behavioral Biases are Temporally Stable
w27833 Georgij Alekseev
Safaa Amer
Manasa Gopal
Theresa Kuchler
JW Schneider
Johannes Stroebel
Nils C. Wernerfelt

The Effects of COVID-19 on U.S. Small Businesses: Evidence from Owners, Managers, and Employees
w27816 Brad C. Nathan
Ricardo Perez-Truglia
Alejandro Zentner

My Taxes are Too Darn High: Why Do Households Protest their Taxes?
w27785 Benjamin R. Handel
Jonathan T. Kolstad
Thomas Minten
Johannes Spinnewijn

The Social Determinants of Choice Quality: Evidence from Health Insurance in the Netherlands
w27783 Sarah Miller
Cindy K. Soo

Does Increasing Access to Formal Credit Reduce Payday Borrowing?
w27782 J. Anthony Cookson
Erik P. Gilje
Rawley Z. Heimer

Shale Shocked: Cash Windfalls and Household Debt Repayment
w27745 Erol Akcay
David Hirshleifer

Social Finance: Cultural Evolution, Transmission Bias and Market Dynamics
w27740 Scott R. Baker
Stephanie G. Johnson
Lorenz Kueng

Financial Returns to Household Inventory Management
w27717 Jacob Bastian
Lance Lochner

The EITC and Maternal Time Use: More Time Working and Less Time with Kids?
w27707 Scott R. Baker
Brian Baugh
Marco C. Sammon

Measuring Customer Churn and Interconnectedness
w27677 Cormac O'Dea
David Sturrock

Survival Pessimism and the Demand for Annuities
w27676 John Y. Campbell
Nuno Clara
João F. Cocco

Structuring Mortgages for Macroeconomic Stability
w27671 Satyajit Chatterjee
Dean Corbae
Kyle P. Dempsey
José-Víctor Ríos-Rull

A Quantitative Theory of the Credit Score
w27658 Sandra E. Black
Jeffrey T. Denning
Lisa J. Dettling
Sarena Goodman
Lesley J. Turner

Taking It to the Limit: Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being
w27648 Irem Demirci
Miguel A. Ferreira
Pedro Matos
Clemens Sialm

How Global is Your Mutual Fund? International Diversification from Multinationals
w27646 Marco Di Maggio
Amir Kermani
Rodney Ramcharan
Vincent Yao
Edison Yu

The Pass-Through of Uncertainty Shocks to Households
w27638 Richard Sias
Laura Starks
Harry J. Turtle

Molecular Genetics, Risk Aversion, Return Perceptions, and Stock Market Participation
w27617 Natalie Bachas
Peter Ganong
Pascal J. Noel
Joseph S. Vavra
Arlene Wong
Diana Farrell
Fiona E. Greig

Initial Impacts of the Pandemic on Consumer Behavior: Evidence from Linked Income, Spending, and Savings Data
w27610 Michael J. Fishman
Jonathan A. Parker
Ludwig Straub

A Dynamic Theory of Lending Standards
w27596 Jianwei Xing
Eric Zou
Zhentao Yin
Yong Wang
Zhenhua Li

"Quick Response" Economic Stimulus: The Effect of Small-Value Digital Coupons on Spending
w27594 Stefano DellaVigna
Elizabeth Linos

RCTs to Scale: Comprehensive Evidence from Two Nudge Units
w27585 Peter Ganong
Pascal J. Noel

Why Do Borrowers Default on Mortgages? A New Method For Causal Attribution
w27582 Dominic Webber
Richard P. Tonkin
Martin Shine

Using Tax Data to Better Capture Top Incomes in Official UK Income Inequality Statistics
w27577 Mark L. Egan
Shan Ge
Johnny Tang

Conflicting Interests and the Effect of Fiduciary Duty -- Evidence from Variable Annuities
w27575 Jacob Goldin
Tatiana Homonoff
Richard W. Patterson
William L. Skimmyhorn

How Much to Save? Decision Costs and Retirement Plan Participation
w27573 Mathias Kronlund
Veronika K. Pool
Clemens Sialm
Irina Stefanescu

Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations
w27499 Manuel Adelino
William B. McCartney
Antoinette Schoar

The Role of Government and Private Institutions in Credit Cycles in the U.S. Mortgage Market
w27459 John Beshears
James J. Choi
Christopher Clayton
Christopher Harris
David Laibson
Brigitte C. Madrian

Optimal Illiquidity
w27438 David Blanchett
Michael S. Finke
Jonathan Reuter

Portfolio Delegation and 401(k) Plan Participant Responses to COVID-19
w27435 Cesare Fracassi
Alessandro Previtero
Albert W. Sheen

Barbarians at the Store? Private Equity, Products, and Consumers
w27431 Raj Chetty
John N. Friedman
Nathaniel Hendren
Michael Stepner
The Opportunity Insights Team

The Economic Impacts of COVID-19: Evidence from a New Public Database Built Using Private Sector Data
w27412 Nicolas L. Bottan
Ricardo Perez-Truglia

Betting on the House: Subjective Expectations and Market Choices
w27399 Francesco D’Acunto
Daniel Hoang
Michael Weber

Managing Households' Expectations with Unconventional Policies
w27367 Jules H. van Binsbergen
Duration-Based Stock Valuation: Reassessing Stock Market Performance and Volatility
w27358 Rebecca Diamond
Adam Guren
Rose Tan

The Effect of Foreclosures on Homeowners, Tenants, and Landlords
w27341 Sumit Agarwal
John Grigsby
Ali Hortaçsu
Gregor Matvos
Amit Seru
Vincent Yao

Searching for Approval
w27328 Edward N. Wolff
Taxes and the Revaluation of Household Wealth
w27318 Steffen Andersen
Julie Marx
Kasper Meisner Nielsen
Lise Vesterlund

Gender Differences in Negotiation: Evidence from Real Estate Transactions
w27299 Theresa Kuchler
Yan Li
Lin Peng
Johannes Stroebel
Dexin Zhou

Social Proximity to Capital: Implications for Investors and Firms
w27289 Michael Barnett
Greg Buchak
Constantine Yannelis

Epidemic Responses Under Uncertainty
w27272 Stefano Giglio
Matteo Maggiori
Johannes Stroebel
Stephen Utkus

Inside the Mind of a Stock Market Crash
w27261 Olivia S. Mitchell
Building Better Retirement Systems in the Wake of the Global Pandemic
w27227 Alexander M. Chinco
Samuel M. Hartzmark
Abigail B. Sussman

Necessary Evidence For A Risk Factor's Relevance
w27225 Bruce I. Carlin
Tarik Umar
Hanyi Yi

Deputization
w27216 Peter Ganong
Pascal J. Noel
Joseph S. Vavra

US Unemployment Insurance Replacement Rates During the Pandemic
w27179 Guillermo Ordoñez
Facundo Piguillem

Savings and Saving Rates: Up or Down?
w27164 David Altig
Alan J. Auerbach
Laurence J. Kotlikoff
Elias Ilin
Victor Ye

Marginal Net Taxation of Americans' Labor Supply
w27141 Olivier Coibion
Yuriy Gorodnichenko
Michael Weber

The Cost of the Covid-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending
w27110 John Sabelhaus
Alice Henriques Volz

Social Security Wealth, Inequality, and Lifecycle Saving
w27097 Scott R. Baker
R. A. Farrokhnia
Steffen Meyer
Michaela Pagel
Constantine Yannelis

Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments
w27095 João Granja
Christos Makridis
Constantine Yannelis
Eric Zwick

Did the Paycheck Protection Program Hit the Target?
w27058 Scott R. Baker
Stephen Teng Sun
Constantine Yannelis

Corporate Taxes and Retail Prices
w27051 Christopher Hansman
Harrison Hong
Áureo de Paula
Vishal Singh

A Sticky-Price View of Hoarding
w27037 Stefano DellaVigna
Jörg Heining
Johannes F. Schmieder
Simon Trenkle

Evidence on Job Search Models from a Survey of Unemployed Workers in Germany
w27017 Olivier Coibion
Yuriy Gorodnichenko
Michael Weber

Labor Markets During the COVID-19 Crisis: A Preliminary View
w27010 Mark Garmaise
Yaron Levi
Hanno Lustig

Spending Less After (Seemingly) Bad News
w26990 Theresa Kuchler
Dominic Russel
Johannes Stroebel

The Geographic Spread of COVID-19 Correlates with the Structure of Social Networks as Measured by Facebook
w26986 Luigi Ventura
Charles Yuji Horioka

The Wealth Decumulation Behavior of the Retired Elderly in Italy: The Importance of Bequest Motives and Precautionary Saving
w26974 Stavros Panageas
The Implications of Heterogeneity and Inequality for Asset Pricing
w26949 Scott R. Baker
R.A. Farrokhnia
Steffen Meyer
Michaela Pagel
Constantine Yannelis

How Does Household Spending Respond to an Epidemic? Consumption During the 2020 COVID-19 Pandemic
w26920 Jaanika Meriküll
Merike Kukk
Tairi Rõõm

What Explains the Gender Gap in Wealth? Evidence from Administrative Data
w26914 Paul Goldsmith-Pinkham
Kelly Shue

The Gender Gap in Housing Returns
w26911 Hongqi Liu
Cameron Peng
Wei A. Xiong
Wei Xiong

Taming the Bias Zoo
w26903 Erica Jiang
Gregor Matvos
Tomasz Piskorski
Amit Seru

Banking without Deposits: Evidence from Shadow Bank Call Reports
w26879 John Bailey Jones
Mariacristina De Nardi
Eric French
Rory McGee
Rachel Rodgers

Medical Spending, Bequests, and Asset Dynamics Around the Time of Death
w26837 Francesco D’Acunto
Ulrike Malmendier
Michael Weber

Gender Roles and the Gender Expectations Gap
w26818 Christine Laudenbach
Ulrike Malmendier
Alexandra Niessen-Ruenzi

The Long-lasting Effects of Living under Communism on Attitudes towards Financial Markets
w26817 Francesco D’Acunto
Thomas Rauter
Christoph K. Scheuch
Michael Weber

Perceived Precautionary Savings Motives: Evidence from FinTech
w26808 Benjamin J. Keys
Neale Mahoney
Hanbin Yang

What Determines Consumer Financial Distress? Place- and Person-Based Factors
w26740 Matteo Leombroni
Monika Piazzesi
Martin Schneider
Ciaran Rogers

Inflation and the Price of Real Assets
w26739 Adair Morse
Karen Pence

Technological Innovation and Discrimination in Household Finance
w26700 Mattia Landoni
Stephen P. Zeldes

Should the Government be Paying Investment Fees on $3 Trillion of Tax-Deferred Retirement Assets?
w26691 George Wehby
Robert Kaestner
Wei Lyu
Dhaval M. Dave

Effects of the Minimum Wage on Child Health
w26684 Olivia S. Mitchell
Stephen Utkus

Target Date Funds and Portfolio Choice in 401(k) Plans
w26668 Benjamin Loos
Steffen Meyer
Michaela Pagel

The Consumption Effects of the Disposition to Sell Winners and Hold Losers
w26645 Bronson Argyle
Taylor D. Nadauld
Christopher Palmer

Real Effects of Search Frictions in Consumer Credit Markets
w26635 Corina Boar
Dynastic Precautionary Savings
w26621 Charles Yuji Horioka
Emin Gahramanov
Aziz Hayat
Xueli Tang

The Impact of Bequest Motives on Retirement Behavior in Japan: A Theoretical and Empirical Analysis
w26616 Pinar Yildirim
Andrei Simonov
Maria Petrova
Ricardo Perez-Truglia

Are Political and Charitable Giving Substitutes? Evidence from the United States
2019
w26588 Andreas Fagereng
Martin Blomhoff Holm
Benjamin Moll
Gisle Natvik

Saving Behavior Across the Wealth Distribution: The Importance of Capital Gains
w26576 Claire Yurong Hong
Xiaomeng Lu
Jun Pan

FinTech Platforms and Mutual Fund Distribution
w26527 Conchita D'Ambrosio
Giorgia Menta
Edward N. Wolff

Income and Wealth Volatility: Evidence from Italy and the U.S. in the Past Two Decades
w26518 Benjamin Enke
Thomas Graeber

Cognitive Uncertainty
w26498 John Beshears
James J. Choi
Mark Iwry
David John
David Laibson
Brigitte C. Madrian

Building Emergency Savings Through Employer-Sponsored Rainy-day Savings Accounts
w26469 Marco Cipriani
Ana Fostel
Daniel Houser

Endogenous Leverage and Default in the Laboratory
w26457 Zhenyu Gao
Michael Sockin
Wei Xiong

Economic Consequences of Housing Speculation
w26437 Vanya Horneff
Raimond Maurer
Olivia S. Mitchell

How Would 401(k) 'Rothification' Alter Saving, Retirement Security, and Inequality?
w26406 Vanya Horneff
Daniel Liebler
Raimond Maurer
Olivia S. Mitchell

Money-Back Guarantees in Individual Retirement Accounts: Still a Good Deal?
w26367 Maria Polyakova
Stephen P. Ryan

Subsidy Targeting with Market Power
w26357 Dietmar Fehr
Günther Fink
Kelsey Jack

Poverty, Seasonal Scarcity and Exchange Asymmetries
w26354 Sean Hundtofte
Arna Olafsson
Michaela Pagel

Credit Smoothing
w26330 Thomas Philippon
On Fintech and Financial Inclusion
w26328 Leandro Carvalho
Arna Olafsson
Dan Silverman

Misfortune and Mistake: The Financial Conditions and Decision-making Ability of High-cost Loan Borrowers
w26322 Amine Ouazad
Matthew E. Kahn

Mortgage Finance and Climate Change: Securitization Dynamics in the Aftermath of Natural Disasters
w26285 Gastón Illanes
Manisha Padi

Retirement Policy and Annuity Market Equilibria: Evidence from Chile
w26254 Tal Gross
Raymond Kluender
Feng Liu
Matthew J. Notowidigdo
Jialan Wang

The Economic Consequences of Bankruptcy Reform
w26237 Francesco D’Acunto
Ulrike Malmendier
Juan Ospina
Michael Weber

Exposure to Daily Price Changes and Inflation Expectations
w26209 Mark Rosenzweig
Junsen Zhang

Housing Prices, Inter-generational Co-residence, and "Excess" Savings by the Young: Evidence using Chinese Data
w26183 Stefan Gissler
Rodney Ramcharan
Edison Yu

The Effects of Competition in Consumer Credit Market
w26176 Anya Samek
Arie Kapteyn
Andre Gray

Using Vignettes to Improve Understanding of Social Security and Annuities
w26165 Stefania Albanesi
Domonkos F. Vamossy

Predicting Consumer Default: A Deep Learning Approach
w26139 John Eric Humphries
Nicholas S. Mader
Daniel I. Tannenbaum
Winnie L. van Dijk

Does Eviction Cause Poverty? Quasi-Experimental Evidence from Cook County, IL
w26131 Christopher D. Carroll
Jiri Slacalek
Martin Sommer

Dissecting Saving Dynamics: Measuring Wealth, Precautionary, and Credit Effects
w26110 Jeremy Burke
Julian Jamison
Dean Karlan
Kata Mihaly
Jonathan Zinman

Credit Building or Credit Crumbling? A Credit Builder Loan's Effects on Consumer Behavior, Credit Scores and Their Predictive Power
w26078 Gopi Shah Goda
Matthew R. Levy
Colleen Flaherty Manchester
Aaron Sojourner
Joshua Tasoff

Who is a Passive Saver Under Opt-In and Auto-Enrollment?
w26048 Tatiana Homonoff
Rourke O'Brien
Abigail B. Sussman

Does Knowing Your FICO Score Change Financial Behavior? Evidence from a Field Experiment with Student Loan Borrowers
w26036 Leandro Carvalho
Dan Silverman

Complexity and Sophistication
w26029 Michael Bailey
Patrick Farrell
Theresa Kuchler
Johannes Stroebel

Social Connectedness in Urban Areas
w26025 Dean Jolliffe
Juan Margitic
Martin Ravallion

Food Stamps and America's Poorest
w25976 M. Kate Bundorf
Maria Polyakova
Ming Tai-Seale

How do Humans Interact with Algorithms? Experimental Evidence from Health Insurance
w25959 Gabriel Chodorow-Reich
Plamen T. Nenov
Alp Simsek

Stock Market Wealth and the Real Economy: A Local Labor Market Approach
w25943 Robert Bartlett
Adair Morse
Richard Stanton
Nancy Wallace

Consumer-Lending Discrimination in the FinTech Era
w25929 Orazio Attanasio
Matthew Bird
Lina Cardona-Sosa
Pablo Lavado

Freeing Financial Education via Tablets: Experimental Evidence from Colombia
w25906 Jack Favilukis
Pierre Mabille
Stijn Van Nieuwerburgh

Affordable Housing and City Welfare
w25905 Benjamin M. Marx
Lesley J. Turner

Student Loan Choice Overload
w25876 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian
William L. Skimmyhorn

Borrowing to Save? The Impact of Automatic Enrollment on Debt
w25861 Vivek Bhattacharya
Gaston Illanes
Manisha Padi

Fiduciary Duty and the Market for Financial Advice
w25843 Michael Bailey
Drew M. Johnston
Theresa Kuchler
Johannes Stroebel
Arlene Wong

Peer Effects in Product Adoption
w25832 Mariacristina De Nardi
Giulio Fella
Marike G. Knoef
Gonzalo Paz-Pardo
Raun Van Ooijen

Family and Government Insurance: Wage, Earnings, and Income Risks in the Netherlands and the U.S.
w25814 Eliezer Fich
Viktoriya Lantushenko
Clemens Sialm

Institutional Trading Around M&A Announcements
w25810 Marco Di Maggio
Ankit Kalda
Vincent Yao

Second Chance: Life without Student Debt
w25805 Prottoy A. Akbar
Sijie Li
Allison Shertzer
Randall P. Walsh

Racial Segregation in Housing Markets and the Erosion of Black Wealth
w25764 Eric T. Swanson
Implications of Labor Market Frictions for Risk Aversion and Risk Premia
w25761 Daniel Cooper
María José Luengo-Prado
Jonathan A. Parker

The Local Aggregate Effects of Minimum Wage Increases
w25757 Michael Gelman
Shachar Kariv
Matthew D. Shapiro
Dan Silverman

Rational Illiquidity and Consumption: Theory and Evidence from Income Tax Withholding and Refunds
w25750 Hugh Hoikwang Kim
Raimond Maurer
Olivia S. Mitchell

How Cognitive Ability and Financial Literacy Shape the Demand for Financial Advice at Older Ages
w25744 Stefano Giglio
Matteo Maggiori
Johannes Stroebel
Stephen Utkus

Five Facts about Beliefs and Portfolios
w25738 Bruce D. Meyer
Nikolas Mittag

Combining Administrative and Survey Data to Improve Income Measurement
w25737 Bruce D. Meyer
Nikolas Mittag

An Empirical Total Survey Error Decomposition Using Data Combination
w25734 Robert F. Engle III
Stefano Giglio
Bryan T. Kelly
Heebum Lee
Johannes Stroebel

Hedging Climate Change News
w25718 Paul D. Adams
Stefan Hunt
Christopher Palmer
Redis Zaliauskas

Testing the Effectiveness of Consumer Financial Disclosure: Experimental Evidence from Savings Accounts
w25701 Amine Ouazad
Romain Rancière

Market Frictions, Arbitrage, and the Capitalization of Amenities
w25685 Adrien Auclert
Will S. Dobbie
Paul Goldsmith-Pinkham

Macroeconomic Effects of Debt Relief: Consumer Bankruptcy Protections in the Great Recession
w25668 Bronson Argyle
Taylor D. Nadauld
Christopher Palmer

Monthly Payment Targeting and the Demand for Maturity
w25661 Margherita Borella
Mariacristina De Nardi
Fang Yang

The Lost Ones: the Opportunities and Outcomes of Non-College Educated Americans Born in the 1960s
w25642 Manasi Deshpande
Tal Gross
Yalun Su

Disability and Distress: The Effect of Disability Programs on Financial Outcomes
w25622 Ricardo Perez-Truglia
The Effects of Income Transparency on Well-Being: Evidence from a Natural Experiment
w25612 Tito Boeri
Andrea Ichino
Enrico Moretti
Johanna Posch

Wage Equalization and Regional Misallocation: Evidence from Italian and German Provinces
w25586 Itzik Fadlon
Shanthi P. Ramnath
Patricia K. Tong

Market Inefficiency and Household Labor Supply: Evidence from Social Security's Survivors Benefits
w25584 Qing Hu
Ross Levine
Chen Lin
Mingzhu Tai

Mentally Spent: Credit Conditions and Mental Health
w25567 John Gathergood
David Hirshleifer
David Leake
Hiroaki Sakaguchi
Neil Stewart

Naïve *Buying* Diversification and Narrow Framing by Individual Investors
w25566 Bing Han
David Hirshleifer
Johan Walden

Visibility Bias in the Transmission of Consumption Beliefs and Undersaving
w25561 Kanin Anantanasuwong
Roy Kouwenberg
Olivia S. Mitchell
Kim Peijnenberg

Ambiguity Attitudes about Investments: Evidence from the Field
w25557 John Gathergood
Neale Mahoney
Neil Stewart
Jörg Weber

How Do Americans Repay Their Debt? The Balance-Matching Heuristic
w25548 Jon Kleinberg
Jens Ludwig
Sendhil Mullainathan
Cass R. Sunstein

Discrimination In The Age Of Algorithms
w25542 Steffen Meyer
Michaela Pagel

Fully Closed: Individual Responses to Realized Gains and Losses
w25540 Victor Stango
Jonathan Zinman

We are all Behavioral, More or Less: Measuring and Using Consumer-level Behavioral Sufficient Statistics
w25526 Su H. Shin
Dean R. Lillard
Jay Bhattacharya

Understanding the Correlation between Alzheimer's Disease Polygenic Risk, Wealth, and the Composition of Wealth Holdings
w25505 Ernest Liu
Atif Mian
Amir Sufi

Low Interest Rates, Market Power, and Productivity Growth
w25498 Finn Kydland
Nick Pretnar

The Costs and Benefits of Caring: Aggregate Burdens of an Aging Population
w25496 Francesco D’Acunto
Daniel Hoang
Maritta Paloviita
Michael Weber

IQ, Expectations, and Choice
w25491 Katja Hanewald
Hazel Bateman
Hanming Fang
Shang Wu

Is There a Demand for Reverse Mortgages in China? Evidence from Two Online Surveys
w25450 Barney Hartman-Glaser
Benjamin M. Hébert

The Insurance is the Lemon: Failing to Index Contracts
w25448 Pietro Veronesi
Heterogeneous Households under Uncertainty
w25442 Matthew Smith
Danny Yagan
Owen M. Zidar
Eric Zwick

Capitalists in the Twenty-First Century
w25417 Peter Ganong
Pascal J. Noel

Consumer Spending During Unemployment: Positive and Normative Implications
2018
w25403 Tomasz Piskorski
Amit Seru

Debt Relief and Slow Recovery: A Decade after Lehman
w25381 Martin Lettau
Sydney C. Ludvigson
Paulo Manoel

Characteristics of Mutual Fund Portfolios: Where Are the Value Funds?
w25358 Keith Marzilli Ericson
David Laibson

Intertemporal Choice
w25336 Itzhak Ben-David
Elyas Fermand
Camelia M. Kuhnen
Geng Li

Expectations Uncertainty and Household Economic Behavior
w25269 John Ameriks
Gábor Kézdi
Minjoon Lee
Matthew D. Shapiro

Heterogeneity in Expectations, Risk Tolerance, and Household Stock Shares: The Attenuation Puzzle
w25261 James Banks
Carl Emmerson

A Lifetime of Changes: State Pensions and Work Incentives at Older Ages in the UK, 1948-2018
w25212 Scott R. Baker
Lorenz Kueng
Leslie McGranahan
Brian T. Melzer

Do Household Finances Constrain Unconventional Fiscal Policy?
w25200 Daniel J. Benjamin
Errors in Probabilistic Reasoning and Judgment Biases
w25190 Stuart V. Craig
Keith Marzilli Ericson
Amanda Starc

How Important Is Price Variation Between Health Insurers?
w25170 Gabriel Garber
Atif Mian
Jacopo Ponticelli
Amir Sufi

Household Debt and Recession in Brazil
w25161 Ori Heffetz
Expenditure Visibility and Consumer Behavior: New Evidence
w25157 David W. Berger
Konstantin Milbradt
Fabrice Tourre
Joseph Vavra

Mortgage Prepayment and Path-Dependent Effects of Monetary Policy
w25150 Mark L. Egan
Gregor Matvos
Amit Seru

Arbitration with Uninformed Consumers
w25149 Greg Buchak
Gregor Matvos
Tomasz Piskorski
Amit Seru

Beyond the Balance Sheet Model of Banking: Implications for Bank Regulation and Monetary Policy
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Jonathan A. Parker
Antoinette Schoar
Duncan I. Simester

Belief Disagreement and Portfolio Choice
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Christopher Neilson
Luis Opazo
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The Equilibrium Effects of Information Deletion: Evidence from Consumer Credit Markets
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Antoinette Schoar
Felipe Severino

Perception of House Price Risk and Homeownership
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Itzhak Ben-David
Hoonsuk Park
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Asymmetric Consumption Smoothing
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Russell Cooper
Julia Le Blanc
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MPC Heterogeneity in Europe: Sources and Policy Implications
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Lorenz Kueng
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Michaela Pagel

Measurement Error in Imputed Consumption
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History Remembered: Optimal Sovereign Default on Domestic and External Debt
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Erik Snowberg
Stephanie Wang
Colin Camerer

Loss Attitudes in the U.S. Population: Evidence from Dynamically Optimized Sequential Experimentation (DOSE)
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Robert Zeithammer
John W. Payne

The Pivotal Role of Fairness: Which Consumers Like Annuities?
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David T. Robinson

Who Feels the Nudge? Knowledge, Self-Awareness and Retirement Savings Decisions
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Hongxun Ruan
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Marketing Mutual Funds
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Luojia Hu
Robert Kaestner
Bhashkar Mazumder
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The ACA Medicaid Expansion in Michigan and Financial Health
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Thomas A. Rietz

Ratings and Asset Allocation: An Experimental Analysis
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Kelly Shue
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Leverage-Induced Fire Sales and Stock Market Crashes
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B. Douglas Bernheim
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Peer Advice on Financial Decisions: A case of the blind leading the blind?
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Cindy K. Soo

Do Neighborhoods Affect Credit Market Decisions of Low-Income Borrowers? Evidence from the Moving to Opportunity Experiment
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Adriana Z. Robertson

What Matters to Individual Investors? Evidence from the Horse's Mouth
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Andrew Glover

Employer Credit Checks: Poverty Traps versus Matching Efficiency
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Nathan Fiala
Sebastian Martinez

The Long Term Impacts of Grants on Poverty: 9-year Evidence From Uganda's Youth Opportunities Program
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Justin R. Sydnor

Liquidity Constraints and the Value of Insurance
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Moritz Schularick
Ilhyock Shim

The Costs of Macroprudential Policy
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Giovanna D'Adda
Marcel Fafchamps
Farah Said

Intrahousehold Consumption Allocation and Demand for Agency: A Triple Experimental Investigation
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Liquidity vs. Wealth in Household Debt Obligations: Evidence from Housing Policy in the Great Recession
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Andres Liberman
Daniel Paravisini
Vikram Pathania

Measuring Bias in Consumer Lending
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James Cloyne
Ethan Ilzetzki
Henrik Kleven

Estimating the Elasticity of Intertemporal Substitution Using Mortgage Notches
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Jaromir Nosal

Insolvency After the 2005 Bankruptcy Reform
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Roy Kouwenberg
Olivia S. Mitchell
Kim Peijnenburg

Household Portfolio Underdiversification and Probability Weighting: Evidence from the Field
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Tarun Ramadorai
Benjamin Ranish

Do the Rich Get Richer in the Stock Market? Evidence from India
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Michaela Pagel

Sticking to Your Plan: The Role of Present Bias for Credit Card Paydown
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Todd Stinebrickner
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Parental Support, Savings and Student Loan Repayment
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James J. Choi
David Laibson
Brigitte C. Madrian

Behavioral Household Finance
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Diego Jiménez Hernández
Aprajit Mahajan
Enrique Seira

Expanding Financial Access Via Credit Cards: Evidence from Mexico
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Benjamin J. Keys

Eyes Wide Shut? The Moral Hazard of Mortgage Insurers during the Housing Boom
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Amir Sufi

Credit Supply and Housing Speculation
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Emel Filiz-Ozbay
Erkut Y. Ozbay
Lesley J. Turner

Behavioral Effects of Student Loan Repayment Plan Options on Borrowers' Career Decisions: Theory and Experimental Evidence
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Structural Behavioral Economics
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Ricardo Perez-Truglia
Mirko Wiederholt
Basit Zafar

Expectations with Endogenous Information Acquisition: An Experimental Investigation
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Giovanni L. Violante

Microeconomic Heterogeneity and Macroeconomic Shocks
w24723 Nicholas C. Barberis
Psychology-based Models of Asset Prices and Trading Volume
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Taylor D. Nadauld
Christopher Palmer
Ryan D. Pratt

The Capitalization of Consumer Financing into Durable Goods Prices
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Leslie Sheng Shen

Scarred Consumption
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Emily Breza
Arun G. Chandrasekhar
Benjamin Golub

When Less is More: Experimental Evidence on Information Delivery During India's Demonetization
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Mert Demirer
Esther Duflo
Iván Fernández-Val

Generic Machine Learning Inference on Heterogeneous Treatment Effects in Randomized Experiments, with an Application to Immunization in India
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Robert Östling
David Cesarini

Long-run Effects of Lottery Wealth on Psychological Well-being
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Zixuan (Kevin) Wang

Global Portfolio Diversification for Long-Horizon Investors
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Nicholas W. Papageorge
Kevin Thom

Genetic Endowments and Wealth Inequality
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Mariacristina De Nardi
Eric French
Rory McGee
Justin Kirschner

The Lifetime Medical Spending of Retirees
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Charles F. Manski
Francesca Molinari

Tail and Center Rounding of Probabilistic Expectations in the Health and Retirement Study
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Denis Gorea
Virgiliu Midrigan

Liquidity Constraints in the U.S. Housing Market
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Greg Kaplan

Top Income Inequality in the 21st Century: Some Cautionary Notes
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Gregor Matvos
Tomasz Piskorski
Amit Seru

Fintech, Regulatory Arbitrage, and the Rise of Shadow Banks
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Constantine Yannelis

Students in Distress: Labor Market Shocks, Student Loan Default, and Federal Insurance Programs
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Erik Hurst
Joseph Vavra

Regional Heterogeneity and Monetary Policy
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David Laibson

Myopia and Discounting
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Paul Gertler
Sean Higgins
Enrique Seira

How Debit Cards Enable the Poor to Save More
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Gregor Matvos
Amit Seru

When Harry Fired Sally: The Double Standard in Punishing Misconduct
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Marieke Bos

Impulsive Consumption and Financial Wellbeing: Evidence from an Increase in the Availability of Alcohol
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Sam Schulhofer-Wohl
Jae Song
Motohiro Yogo

Worker Betas: Five Facts about Systematic Earnings Risk
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Ralph Rogalla
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Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence
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Joanne Yoong
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The Quest for Parsimony in Behavioral Economics: New Methods and Evidence on Three Fronts
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Harrison Hong
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Location Choice, Portfolio Choice
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Brian T. Melzer

Non-Cognitive Abilities and Financial Delinquency: The Role of Self-Efficacy in Avoiding Financial Distress
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David A. Matsa

Locked in by Leverage: Job Search during the Housing Crisis
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Nicholas Turner
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Stimulating Housing Markets
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Luigi Guiso
Luigi Pistaferri

Portfolio Choices, Firm Shocks and Uninsurable Wage Risk
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Stijn Van Nieuwerburgh
Roine Vestman
Ulf von Lilienfeld-Toal

Identifying the Benefits from Homeownership: A Swedish Experiment
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Brian T. Melzer
Jonathan A. Parker
Arcenis Rojas

Accelerator or Brake? Cash for Clunkers, Household Liquidity, and Aggregate Demand
w22851 Peter Diep
Andrea L. Eisfeldt
Scott Richardson

Prepayment Risk and Expected MBS Returns
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Gordon Phillips
Ethan Cohen-Cole

The Impact of Consumer Credit Access on Employment, Earnings and Entrepreneurship
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Wei Huang
Yueran Ma
Andrei Shleifer

A Real Estate Boom with Chinese Characteristics
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Jialan Wang

Minimum Payments and Debt Paydown in Consumer Credit Cards
w22726 John Ameriks
Joseph Briggs
Andrew Caplin
Matthew D. Shapiro
Christopher Tonetti

The Long-Term-Care Insurance Puzzle: Modeling and Measurement
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Raimond Maurer
Olivia S. Mitchell

Putting the Pension Back in 401(k) Plans: Optimal versus Default Longevity Income Annuities
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Paul Goldsmith-Pinkham
Neale Mahoney
Jae Song

Bad Credit, No Problem? Credit and Labor Market Consequences of Bad Credit Reports
w22702 Jing Cai
Alain de Janvry
Elisabeth Sadoulet

Subsidy Policies and Insurance Demand
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Gene Amromin
Itzhak Ben-David
Douglas D. Evanoff

Loan Product Steering in Mortgage Markets
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Philipp Doerrenberg
Andreas Peichl
Holger Stichnoth

Do Savings Increase in Response to Salient Information about Retirement and Expected Pensions?
w22638 Marco Di Maggio
Amir Kermani
Christopher Palmer

How Quantitative Easing Works: Evidence on the Refinancing Channel
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Jake Kendall
Rebecca Mann
Rohini Pande
Tavneet Suri
Jonathan Zinman

Research and Impacts of Digital Financial Services
w22613 Carlos Garriga
Finn E. Kydland
Roman Šustek

Nominal Rigidities in Debt and Product Markets
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Olivia S. Mitchell

Older Women's Labor Market Attachment, Retirement Planning, and Household Debt
w22564 Johannes F. Schmieder
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The Effects of Unemployment Insurance Benefits: New Evidence and Interpretation
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Daniel Hoang
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The Effect of Unconventional Fiscal Policy on Consumption Expenditure
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Alex Rees-Jones

Attention Variation and Welfare: Theory and Evidence from a Tax Salience Experiment
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Matthew J. Notowidigdo
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The Marginal Propensity to Consume Over the Business Cycle
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Family Descent as a Signal of Managerial Quality: Evidence from Mutual Funds
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Matthew Osborn
Jonathan Reuter

Analyst Promotions within Credit Rating Agencies: Accuracy or Bias?
w22455 Jonathan D. Cohen
Keith Marzilli Ericson
David Laibson
John Myles White

Measuring Time Preferences
w22438 David Huffman
Raimond Maurer
Olivia S. Mitchell

Time Discounting and Economic Decision-making Among the Elderly
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Emily Breza
Andres Liberman

The Labor Market Effects of Credit Market Information
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Akiko Terada-Hagiwara

The Impact of Pre-marital Sex Ratios on Household Saving in Two Asian Countries: The Competitive Saving Motive Revisited
w22403 Jing Cai
Changcheng Song

Do Disaster Experience and Knowledge Affect Insurance Take-up Decisions?
w22360 Hong Ru
Antoinette Schoar

Do Credit Card Companies Screen for Behavioral Biases?
w22331 Greg Kaplan
Sam Schulhofer-Wohl

Inflation at the Household Level
w22324 Adriano A. Rampini
Financing Durable Assets
w22319 Dirk Krueger
Kurt Mitman
Fabrizio Perri

Macroeconomics and Household Heterogeneity
w22293 Adriano A. Rampini
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Household Risk Management
w22288 Carlos Dobkin
Amy Finkelstein
Raymond Kluender
Matthew J. Notowidigdo

The Economic Consequences of Hospital Admissions
w22258 Michael Bailey
Ruiqing Cao
Theresa Kuchler
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Social Networks and Housing Markets
w22256 Atif Mian
Amir Sufi

Who Bears the Cost of Recessions? The Role of House Prices and Household Debt
w22232 Greg Kaplan
Kurt Mitman
Giovanni L. Violante

Non-durable Consumption and Housing Net Worth in the Great Recession: Evidence from Easily Accessible Data
w22161 Zhi Da
Borja Larrain
Clemens Sialm
José Tessada

Coordinated Noise Trading: Evidence from Pension Fund Reallocations
w22148 Efraim Benmelech
Ralf R. Meisenzahl
Rodney Ramcharan

The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles
w22066 Cristian Badarinza
John Y. Campbell
Tarun Ramadorai

International Comparative Household Finance
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Kyle Mangum
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Speculative Fever: Investor Contagion in the Housing Bubble
w22050 Mark Egan
Gregor Matvos
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The Market for Financial Adviser Misconduct
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Restoring Rational Choice: The Challenge of Consumer Financial Regulation
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Fernando Ferreira
Stephen L. Ross

What Drives Racial and Ethnic Differences in High Cost Mortgages? The Role of High Risk Lenders
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Robin Greenwood
Lawrence Jin
Andrei Shleifer

Extrapolation and Bubbles
w21942 Alejandro Justiniano
Giorgio E. Primiceri
Andrea Tambalotti

A Simple Model of Subprime Borrowers and Credit Growth
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Giulio Fella
Gonzalo Paz Pardo

The Implications of Richer Earnings Dynamics for Consumption and Wealth
w21896 Simon H. Boserup
Wojciech Kopczuk
Claus T. Kreiner

The Role of Bequests in Shaping Wealth Inequality: Evidence from Danish Wealth Records
w21873 Margherita Borella
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Eric French

Who Receives Medicaid in Old Age? Rules and Reality
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Simplifying Choices in Defined Contribution Retirement Plan Design
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Behavioral Macroeconomics Via Sparse Dynamic Programming
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You Suk Kim
Wenli Li

The Dynamics of Adjustable-Rate Subprime Mortgage Default: A Structural Estimation
w21772 Lorenz Kueng
Explaining Consumption Excess Sensitivity with Near-Rationality: Evidence from Large Predetermined Payments
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Giulio Fella
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Piketty's Book and Macro Models of Wealth Inequality
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Robert A. Pollak
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Unequal Bequests
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Plamen T. Nenov
Alp Simsek

The Choice Channel of Financial Innovation
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Steven Venti
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What Determines End-of-Life Assets? A Retrospective View
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David Cesarini
Erik Lindqvist
Robert Östling

Windfall Gains and Stock Market Participation
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Veronica Guerrieri
Guido Lorenzoni
Joseph Vavra

House Prices and Consumer Spending
w21665 Itzik Fadlon
Jessica A. Laird
Torben Heien Nielsen

Do Employer Pension Contributions Reflect Employee Preferences? Evidence from a Retirement Savings Reform in Denmark
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John McClelland
James Pearce
Richard Prisinzano
Joseph Sullivan
Danny Yagan
Owen Zidar
Eric Zwick

Business in the United States: Who Owns it and How Much Tax Do They Pay?
w21629 Richard V. Burkhauser
Jeff Larrimore
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Measuring Health Insurance Benefits: The Case of People with Disabilities
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Tim Landvoigt
Stijn Van Nieuwerburgh

Phasing Out the GSEs
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Stefano Fiorin
Daniel Gottlieb
Martin Kanz

Moral Incentives in Credit Card Debt Repayment: Evidence from a Field Experiment
w21581 Atif R. Mian
Amir Sufi
Emil Verner

Household Debt and Business Cycles Worldwide
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Souphala Chomsisengphet
Neale Mahoney
Johannes Stroebel

Do Banks Pass Through Credit Expansions to Consumers Who Want to Borrow?
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Adair Morse
Margarita Tsoutsoura

Tax Evasion across Industries: Soft Credit Evidence from Greece
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Matthew R. Levy
Colleen Flaherty Manchester
Aaron Sojourner
Joshua Tasoff

The Role of Time Preferences and Exponential-Growth Bias in Retirement Savings
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James J. Choi
Christopher Harris
David Laibson
Brigitte C. Madrian
Jung Sakong

Self Control and Commitment: Can Decreasing the Liquidity of a Savings Account Increase Deposits?
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Contributions to Defined Contribution Pension Plans
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William R. Kerr
Ramana Nanda

House Prices, Home Equity and Entrepreneurship: Evidence from U.S. Census Micro Data
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John Y. Campbell
Kasper Meisner Nielsen
Tarun Ramadorai

Sources of Inaction in Household Finance: Evidence from the Danish Mortgage Market
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Why Don't Households Smooth Consumption? Evidence from a 25 Million Dollar Experiment
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Eliana La Ferrara

Economic and Social Impacts of the Media
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Precautionary Savings, Retirement Planning and Misperceptions of Financial Literacy
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Anthony Keats
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The Effect of Savings Accounts on Interpersonal Financial Relationships: Evidence from a Field Experiment in Rural Kenya
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Christopher A. Neilson
Anely Ramirez
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(Un)Informed College and Major Choice: Evidence from Linked Survey and Administrative Data
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Antoinette Schoar
Felipe Severino

Loan Originations and Defaults in the Mortgage Crisis: Further Evidence
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Brian Clark
Sanmay Das
Andrew W. Lo
Akhtar Siddique

Risk and Risk Management in the Credit Card Industry
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Amy Finkelstein
Raymond Kluender
Paul Schrimpf

Beyond Statistics: The Economic Content of Risk Scores
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Christopher A. Neilson
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The Effects of Earnings Disclosure on College Enrollment Decisions
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Time-Inconsistency and Saving: Experimental Evidence from Low-Income Tax Filers
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Eric French
John Bailey Jones
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Medical Spending of the U.S. Elderly
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Eric French
John B. Jones

Savings After Retirement: A Survey
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A New Look at the U.S. Foreclosure Crisis: Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012
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How Large is the Stock Component of Human Capital?
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Natural Experiments in Macroeconomics
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Socioeconomic Status and Learning from Financial Information
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Amir Sufi

Household Debt and Defaults from 2000 to 2010: Facts from Credit Bureau Data
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Daniel Treisman

Misperceiving Inequality
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Arun G. Chandrasekhar

Social Networks, Reputation and Commitment: Evidence from a Savings Monitors Experiment
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James J. Choi
Joshua Hurwitz
David Laibson
Brigitte C. Madrian

Liquidity in Retirement Savings Systems: An International Comparison
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Olivia S. Mitchell
Stephen P. Utkus
Jean A. Young

Borrowing from the Future: 401(k) Plan Loans and Loan Defaults
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Holger M. Mueller

Firm Leverage and Unemployment during the Great Recession
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Hanjiang Zhang

Tax-Efficient Asset Management: Evidence from Equity Mutual Funds
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Olivia S. Mitchell

Narrow Framing and Long-Term Care Insurance
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Fang Yang

Wealth Inequality, Family Background, and Estate Taxation
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Tax Cuts For Whom? Heterogeneous Effects of Income Tax Changes on Growth and Employment
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Bradley Larsen
Christopher Palmer

IV Quantile Regression for Group-level Treatments, with an Application to the Distributional Effects of Trade
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Paul Goldsmith-Pinkham
Crystal Yang

Consumer Bankruptcy and Financial Health
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Shachar Kariv
Matthew D. Shapiro
Dan Silverman
Steven Tadelis

How Individuals Respond to a Liquidity Shock: Evidence from the 2013 Government Shutdown
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Benjamin J. Keys
Amit Seru
Joseph S. Vavra

Regional Redistribution Through the U.S. Mortgage Market
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Yaw Nyarko
Shing-Yi Wang

Asymmetric Information and Remittances: Evidence from Matched Administrative Data
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Anne M. Farrell
Scott J. Weisbenner

Decision-Making Approaches and the Propensity to Default: Evidence and Implications
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Measuring Wealth and Financial Intermediation and Their Links to the Real Economy
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Alexander Monge-Naranjo

Student Loans and Repayment: Theory, Evidence and Policy
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Antoinette Schoar
Felipe Severino

Loan Originations and Defaults in the Mortgage Crisis: The Role of the Middle Class
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Fernando Ferreira
Stephen L. Ross

Race, Ethnicity and High-Cost Mortgage Lending
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Incidental Bequests and the Choice to Self-Insure Late-Life Risks
w20738 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian

Does Front-Loading Taxation Increase Savings? Evidence from Roth 401(k) Introductions
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Joseph Vavra

House Prices, Local Demand, and Retail Prices
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Matthew Gentzkow
Jesse M. Shapiro

Measuring the Sensitivity of Parameter Estimates to Estimation Moments
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Gabriel Zucman

Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data
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Søren Leth-Petersen
Ramana Nanda

Financing Constraints, Home Equity and Selection into Entrepreneurship
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Tomasz Piskorski
Amit Seru
Vincent Yao

Mortgage Rates, Household Balance Sheets, and the Real Economy
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Greg Kaplan
Jae Song

The Glass Ceiling and The Paper Floor: Gender Differences among Top Earners, 1981-2012
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Insurance Markets for the Elderly
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Daniel Silverman
Dmitriy Stolyarov

Annuitized Wealth and Post-Retirement Saving
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Household Debt: Facts, Puzzles, Theories, and Policies
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Esther Duflo
Richard Hornbeck

How Much do Existing Borrowers Value Microfinance? Evidence from an Experiment on Bundling Microcredit and Insurance
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James Poterba
David Richardson

Do Required Minimum Distributions Matter? The Effect of the 2009 Holiday On Retirement Plan Distributions
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Tax News: The Response of Household Spending to Changes in Expected Taxes
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Jules H. van Binsbergen

Assessing Asset Pricing Models Using Revealed Preference
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E. Glen Weyl

Imperfect Competition in Selection Markets
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John Y. Campbell
Tarun Ramadorai

What Calls to ARMs? International Evidence on Interest Rates and the Choice of Adjustable-Rate Mortgages
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Devin G. Pope
Jaren C. Pope

Failure to Refinance
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Riding the Bubble? Chasing Returns into Illiquid Assets
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David A. Matsa
Brian T. Melzer

Positive Externalities of Social Insurance: Unemployment Insurance and Consumer Credit
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Applying Insights from Behavioral Economics to Policy Design
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Evgeny Yakovlev

The Long-Run Effects of a Public Policy on Alcohol Tastes and Mortality
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Stijn Van Nieuwerburgh

Housing, Finance and the Macroeconomy
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Li Jiang
Stephen A. Spiller

Learning Millennial-Style
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Joyce Cheng Wong

Free to Leave? A Welfare Analysis of Divorce Regimes
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Jaromir B. Nosal
Luminita Stevens

Investor Sophistication and Capital Income Inequality
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Dina Pomeranz

Saving More to Borrow Less: Experimental Evidence from Access to Formal Savings Accounts in Chile
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Are Americans and Indians More Altruistic than the Japanese and Chinese? Evidence from a New International Survey of Bequest Plans
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Matteo Maggiori
Johannes Stroebel

No-Bubble Condition: Model-free Tests in Housing Markets
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Amir Sufi

House Price Gains and U.S. Household Spending from 2002 to 2006
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Florencia Devoto
Esther Duflo
William Pariente

Estimating the Impact of Microcredit on Those Who Take It Up: Evidence from a Randomized Experiment in Morocco
w20133 Stefano Giglio
Matteo Maggiori
Johannes Stroebel

Very Long-Run Discount Rates
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When Consumers Do Not Make an Active Decision: Dynamic Default Rules and their Equilibrium Effects
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Joanna N. Lahey

Small Victories: Creating Intrinsic Motivation in Savings and Debt Reduction
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Olivia S. Mitchell
Ralph Rogalla
Ivonne Siegelin

Accounting and Actuarial Smoothing of Retirement Payouts in Participating Life Annuities
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Jonathan A. Parker

The Economic Stimulus Payments of 2008 and the Aggregate Demand for Consumption
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Anisha Ghosh

Asset Pricing with Countercyclical Household Consumption Risk
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Giovanni L. Violante
Justin Weidner

The Wealthy Hand-to-Mouth
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Fang Yang

Bequests and Heterogeneity in Retirement Wealth
w20024 Nava Ashraf
Diego Aycinena
Claudia Martinez
Dean Yang

Savings in Transnational Households: A Field Experiment among Migrants from El Salvador
w20000 John Y. Campbell
Tarun Ramadorai
Benjamin Ranish

Getting Better or Feeling Better? How Equity Investors Respond to Investment Experience
w19930 James M. Poterba
Retirement Security in an Aging Society
w19835 Florian Scheuer
Kent Smetters

Could a Website Really Have Doomed the Health Exchanges? Multiple Equilibria, Initial Conditions and the Construction of the Fine
w19864 Fatih Guvenen
Greg Kaplan
Jae Song

How Risky Are Recessions for Top Earners?
w19850 Olivier Coibion
Yuriy Gorodnichenko
Marianna Kudlyak
John Mondragon

Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data
w19805 Ganesh Seshan
Dean Yang

Motivating Migrants: A Field Experiment on Financial Decision-Making in Transnational Households
w19798 Hyun-Soo Choi
Harrison Hong
Jeffrey Kubik
Jeffrey P. Thompson

When Real Estate is the Only Game in Town
2013
w19747 David Yermack
Is Bitcoin a Real Currency? An economic appraisal
w19684 Efstathios Avdis
Jessica A. Wachter

Maximum likelihood estimation of the equity premium
w19682 Jonathan Zinman
Consumer Credit: Too Much or Too Little (or Just Right)?
w19654 Kelly Bedard
Peter J. Kuhn

Making Nutritional Information Digestible: Effects of a Receipt-Based Intervention on Restaurant Purchases
w19606 Sumit Agarwal
Itzhak Ben-David
Vincent Yao

Collateral Valuation and Borrower Financial Constraints: Evidence from the Residential Real Estate Market
w19591 Robert L. Clark
Jennifer A. Maki
Melinda Sandler Morrill

Can Simple Informational Nudges Increase Employee Participation in a 401(k) Plan?
w19583 Andreas Hubener
Raimond Maurer
Olivia S. Mitchell

How Family Status and Social Security Claiming Options Shape Optimal Life Cycle Portfolios
w19569 Clemens Sialm
Laura Starks
Hanjiang Zhang

Defined Contribution Pension Plans: Sticky or Discerning Money?
w19568 Ralph S.J. Koijen
Motohiro Yogo

Shadow Insurance
w19566 Robert Clark
Melinda Morrill
David Vanderweide

The Effects of Retiree Health Insurance Plan Characteristics on Retirees' Choice and Employers' Costs
w19550 Sumit Agarwal
Gene Amromin
Itzhak Ben-David
Souphala Chomsisengphet
Douglas D. Evanoff

Predatory Lending and the Subprime Crisis
w19543 Thomas F. Crossley
Joachim K. Winter

Asking Households About Expenditures: What Have We Learned?
w19527 Keith M. Marzilli Ericson
Amanda Starc

How Product Standardization Affects Choice: Evidence from the Massachusetts Health Insurance Exchange
w19511 Robert Clark
Olivia S. Mitchell

How Does Retiree Health Insurance Influence Public Sector Employee Saving?
w19500 Kent Smetters
Xingtan Zhang

A Sharper Ratio: A General Measure for Correctly Ranking Non-Normal Investment Risks
w19484 Sumit Agarwal
Souphala Chomsisengphet
Neale Mahoney
Johannes Stroebel

Regulating Consumer Financial Products: Evidence from Credit Cards
w19421 Hui Chen
Michael Michaux
Nikolai Roussanov

Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty
w19392 James Andreoni
Michael A. Kuhn
Charles Sprenger

On Measuring Time Preferences
w19386 Rong Hai
Dirk Krueger
Andrew Postlewaite

On the Welfare Cost of Consumption Fluctuations in the Presence of Memorable Goods
w19384 Keith M. Marzilli Ericson
Andreas Fuster

The Endowment Effect
w19323 Dean Corbae
Erwan Quintin

Leverage and the Foreclosure Crisis
w19319 Chong Wang
Neng Wang
Jinqiang Yang

Optimal Consumption and Savings with Stochastic Income and Recursive Utility
w19296 Marco Bassetto
Marco Cagetti
Mariacristina De Nardi

Credit Crunches and Credit Allocation in a Model of Entrepreneurship
w19241 Justine S. Hastings
Christopher A. Neilson
Seth D. Zimmerman

Are Some Degrees Worth More than Others? Evidence from college admission cutoffs in Chile
w19211 Felix Reichling
Kent Smetters

Optimal Annuitization with Stochastic Mortality Probabilities
w19206 Vanya Horneff
Raimond Maurer
Olivia S. Mitchell
Ralph Rogalla

Optimal Life Cycle Portfolio Choice with Variable Annuities Offering Liquidity and Investment Downside Protection
w19193 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian

Who Uses the Roth 401(k), and How Do They Use It?
w19189 Nicholas Barberis
Robin Greenwood
Lawrence Jin
Andrei Shleifer

X-CAPM: An Extrapolative Capital Asset Pricing Model
w19168 Jeffrey R. Brown
Arie Kapteyn
Erzo F.P. Luttmer
Olivia S. Mitchell

Cognitive Constraints on Valuing Annuities
w19151 Mariacristina De Nardi
Eric French
John Bailey Jones

Medicaid Insurance in Old Age
w19130 Emel Filiz-Ozbay
Jonathan Guryan
Kyle Hyndman
Melissa Schettini Kearney
Erkut Y. Ozbay

Do Lottery Payments Induce Savings Behavior: Evidence from the Lab
w19103 Robin L. Lumsdaine
Rogier J.D. Potter van Loon

Wall Street vs. Main Street: An Evaluation of Probabilities
w19069 Victor Stango
Jonathan Zinman

Borrowing High vs. Borrowing Higher: Sources and Consequences of Dispersion in Individual Borrowing Costs
w19035 Liran Einav
Jonathan D. Levin

The Data Revolution and Economic Analysis
w18950 Esther Duflo
Abhijit Banerjee
Rachel Glennerster
Cynthia G. Kinnan

The Miracle of Microfinance? Evidence from a Randomized Evaluation
w19020 Patrick Bayer
Fernando Ferreira
Stephen L. Ross

The Vulnerability of Minority Homeowners in the Housing Boom and Bust
w18965 Stuart A. Gabriel
Matthew E. Kahn
Ryan K. Vaughn

Congressional Influence as a Determinant of Subprime Lending
w18922 Stéphane Guibaud
Yves Nosbusch
Dimitri Vayanos

Bond Market Clienteles, the Yield Curve, and the Optimal Maturity Structure of Government Debt
w18910 Umit G. Gurun
Gregor Matvos
Amit Seru

Advertising Expensive Mortgages
w18907 Julie Agnew
Joshua Hurwitz

Financial Education and Choice in State Public Pension Systems
w18883 Marianne Bertrand
Adair Morse

Trickle-Down Consumption
w18881 Justine S. Hastings
Ali Hortaçsu
Chad Syverson

Sales Force and Competition in Financial Product Markets: The Case Of Mexico's Social Security Privatization
w18868 Manuel Adelino
Antoinette Schoar
Felipe Severino

House Prices, Collateral and Self-Employment
w18847 Li Gan
Manuel A. Hernandez
Yanyan Liu

Group Lending with Heterogeneous Types
w18843 Tomasz Piskorski
Amit Seru
James Witkin

Asset Quality Misrepresentation by Financial Intermediaries: Evidence from RMBS Market
w18764 Veronika K. Pool
Clemens Sialm
Irina Stefanescu

It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans
w18748 Stefano DellaVigna
John A. List
Ulrike Malmendier
Gautam Rao

The Importance of Being Marginal: Gender Differences in Generosity
w18743 Stephen G. Dimmock
Roy Kouwenberg
Olivia S. Mitchell
Kim Peijnenburg

Ambiguity Aversion and Household Portfolio Choice: Empirical Evidence
w18742 B. Douglas Bernheim
Debraj Ray
Sevin Yeltekin

Poverty and Self-Control
w18667 Karl E. Case
John M. Quigley
Robert J. Shiller

Wealth Effects Revisited: 1975-2012
w18669 Annamaria Lusardi
Pierre-Carl Michaud
Olivia S. Mitchell

Optimal Financial Knowledge and Wealth Inequality
2012
w18621 Nicholas C. Barberis
Thirty Years of Prospect Theory in Economics: A Review and Assessment
w18582 Fabian Duarte
Justine S. Hastings

Fettered Consumers and Sophisticated Firms: Evidence from Mexico's Privatized Social Security Market
w18609 Sumit Agarwal
Efraim Benmelech
Nittai Bergman
Amit Seru

Did the Community Reinvestment Act (CRA) Lead to Risky Lending?
w18601 Daniel Gottlieb
Kent Smetters

Narrow Framing and Life Insurance
w18575 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian
Stephen P. Zeldes

What Makes Annuitization More Appealing?
w18565 Raj Chetty
John N. Friedman
Soren Leth-Petersen
Torben Nielsen
Tore Olsen

Active vs. Passive Decisions and Crowdout in Retirement Savings Accounts: Evidence from Denmark
w18562 Cary Frydman
Nicholas Barberis
Colin Camerer
Peter Bossaerts
Antonio Rangel

Using Neural Data to Test a Theory of Investor Behavior: An Application to Realization Utility
w18517 John Chalmers
Woodrow T. Johnson
Jonathan Reuter

The Effect of Pension Design on Employer Costs and Employee Retirement Choices: Evidence from Oregon
w18510 Jonathan A. Parker
LEADS on Macroeconomic Risks to and from the Household Sector
w18493 Elizabeth M. Caucutt
Lance Lochner

Early and Late Human Capital Investments, Borrowing Constraints, and the Family
w18446 Kathleen McGarry
Dynamic Aspects of Family Transfers
w18417 Felipe Kast
Stephan Meier
Dina Pomeranz

Under-Savers Anonymous: Evidence on Self-Help Groups and Peer Pressure as a Savings Commitment Device
w18412 Justine S. Hastings
Brigitte C. Madrian
William L. Skimmyhorn

Financial Literacy, Financial Education and Economic Outcomes
w18398 Markus K. Brunnermeier
Martin Oehmke

Bubbles, Financial Crises, and Systemic Risk
w18394 John Y. Campbell
Tarun Ramadorai
Benjamin Ranish

How Do Regulators Influence Mortgage Risk: Evidence from an Emerging Market
wise11-1 David A. Wise
editor

Social Security Programs and Retirement around the World: Historical Trends in Mortality and Health, Employment, and Disability Insurance Participation and Reforms
w18358 Michael J. Fishman
Jonathan A. Parker

Valuation, Adverse Selection, and Market Collapses
w18311 Sumit Agarwal
Gene Amromin
Itzhak Ben-David
Souphala Chomsisengphet
Tomasz Piskorski
Amit Seru

Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program
w18269 Donghoon Lee
Christopher J. Mayer
Joseph Tracy

A New Look at Second Liens
w18342 Jeffrey R. Brown
Scott Weisbenner

The Distributional Effects of the Social Security Windfall Elimination Provision
w18321 Ralph S.J. Koijen
Motohiro Yogo

The Cost of Financial Frictions for Life Insurers
w18248 Justine Hastings
Jesse M. Shapiro

Mental Accounting and Consumer Choice: Evidence from Commodity Price Shocks
w18241 Leonardo Bursztyn
Florian Ederer
Bruno Ferman
Noam Yuchtman

Understanding Peer Effects in Financial Decisions: Evidence from a Field Experiment
w18190 Andrew Caplin
Anna Cororaton
Joseph Tracy

Is the FHA Creating Sustainable Homeownership?
w18170 Olivier Coibion
Yuriy Gorodnichenko
Lorenz Kueng
John Silvia

Innocent Bystanders? Monetary Policy and Inequality in the U.S.
w18158 John Chalmers
Jonathan Reuter

Is Conflicted Investment Advice Better than No Advice?
w18137 André de Souza
Anthony W. Lynch

Does Mutual Fund Performance Vary over the Business Cycle?
w18105 Neale Mahoney
Bankruptcy as Implicit Health Insurance
w18077 Thomas Philippon
Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation
w18069 Patrick Bayer
Marcus D. Casey
Fernando Ferreira
Robert McMillan

Estimating Racial Price Differentials in the Housing Market
w18065 Xavier Giné
Jessica Goldberg
Dan Silverman
Dean Yang

Revising Commitments: Field Evidence on the Adjustment of Prior Choices
w18050 Martijn Cremers
Antti Petajisto
Eric Zitzewitz

Should Benchmark Indices Have Alpha? Revisiting Performance Evaluation
w18000 Shang-Jin Wei
Xiaobo Zhang
Yin Liu

Status Competition and Housing Prices
w17929 Sendhil Mullainathan
Markus Noeth
Antoinette Schoar

The Market for Financial Advice: An Audit Study
w17927 Gopi Shah Goda
Colleen Flaherty Manchester
Aaron Sojourner

What Will My Account Really Be Worth? An Experiment on Exponential Growth Bias and Retirement Saving
w17911 Olivia S. Mitchell
Stephen Utkus

Target-Date Funds in 401(k) Retirement Plans
w17899 Hanming Fang
Edward Kung

Why Do Life Insurance Policyholders Lapse? The Roles of Income, Health and Bequest Motive Shocks
w17895 Bruce Ian Carlin
Florian Ederer

Search Fatigue
w17886 Pierluigi Balduzzi
Jonathan Reuter

Heterogeneity in Target-Date Funds: Optimal Risk-Taking or Risk Matching?
w17882 Arthur Korteweg
Morten Sorensen

Estimating Loan-to-Value and Foreclosure Behavior
w17857 Robin McKnight
Jonathan Reuter
Eric Zitzewitz

Insurance as Delegated Purchasing: Theory and Evidence from Health Care
w17843 James J. Choi
Emily Haisley
Jennifer Kurkoski
Cade Massey

Small Cues Change Savings Choices
w17832 Manuel Adelino
Antoinette Schoar
Felipe Severino

Credit Supply and House Prices: Evidence from Mortgage Market Segmentation
w17807 Tal Gross
Matthew J. Notowidigdo
Jialan Wang

Liquidity Constraints and Consumer Bankruptcy: Evidence from Tax Rebates
w17783 Xavier Gabaix
Boundedly Rational Dynamic Programming: Some Preliminary Results
w17743 Abhijit Banerjee
Arun G. Chandrasekhar
Esther Duflo
Matthew O. Jackson

The Diffusion of Microfinance
w17723 Tim Landvoigt
Monika Piazzesi
Martin Schneider

The Housing Market(s) of San Diego
2011
w17702 Esther Duflo
Women's Empowerment and Economic Development
w17688 Mariacristina De Nardi
Eric French
David Benson

Consumption and the Great Recession
w17581 Charles Yuji Horioka
Akiko Terada-Hagiwara

The Determinants and Long-term Projections of Saving Rates in Developing Asia
w17536 James M. Poterba
Steven F. Venti
David A. Wise

The Composition and Draw-down of Wealth in Retirement
w17522 Kristian Rydqvist
Joshua Spizman
Ilya A. Strebulaev

Government Policy and Ownership of Financial Assets
w17516 John Y. Campbell
João F. Cocco

A Model of Mortgage Default
w17506 Alp Simsek
Speculation and Risk Sharing with New Financial Assets
w17491 Diane Del Guercio
Jonathan Reuter

Mutual Fund Performance and the Incentive to Generate Alpha
w17485 Lisa J. Dettling
Melissa Schettini Kearney

House Prices and Birth Rates: The Impact of the Real Estate Market on the Decision to Have a Baby
w17475 Dean Karlan
Jonathan Zinman

List Randomization for Sensitive Behavior: An Application for Measuring Use of Loan Proceeds
w17449 Xavier Giné
Jessica Goldberg
Dean Yang

Credit Market Consequences of Improved Personal Identification: Field Experimental Evidence from Malawi
w17410 Jeffrey R. Kling
Sendhil Mullainathan
Eldar Shafir
Lee Vermeulen
Marian Wrobel

Comparison Friction: Experimental Evidence from Medicare Drug Plans
w17345 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian
Katherine L. Milkman

The Effect of Providing Peer Information on Retirement Savings Decisions
w17338 Greg Kaplan
Giovanni L. Violante

A Model of the Consumption Response to Fiscal Stimulus Payments
w17325 Ralph Koijen
Stijn Van Nieuwerburgh
Motohiro Yogo

Health and Mortality Delta: Assessing the Welfare Cost of Household Insurance Choice
w17315 Gene Amromin
Jennifer Huang
Clemens Sialm
Edward Zhong

Complex Mortgages
w17255 Pascaline Dupas
Jonathan Robinson

Why Don't the Poor Save More? Evidence from Health Savings Experiments
w17199 Ngoc-Khanh Tran
Richard J. Zeckhauser

The Behavior of Savings and Asset Prices When Preferences and Beliefs are Heterogeneous
w17134 Jingjing Chai
Raimond Maurer
Olivia S. Mitchell
Ralph Rogalla

Lifecycle Impacts of the Financial and Economic Crisis on Household Optimal Consumption, Portfolio Choice, and Labor Supply
w17122 Yael V. Hochberg
Joshua D. Rauh

Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments
w17118 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian

The Availability and Utilization of 401(k) Loans
w17065 Christopher J. Mayer
Edward Morrison
Tomasz Piskorski
Arpit Gupta

Mortgage Modification and Strategic Behavior: Evidence from a Legal Settlement with Countrywide
w17047 David Card
Stefano DellaVigna
Ulrike Malmendier

The Role of Theory in Field Experiments
w17041 Erik Hurst
Benjamin Wild Pugsley

What Do Small Businesses Do?
w17028 Victor Stango
Jonathan Zinman

Limited and Varying Consumer Attention: Evidence from Shocks to the Salience of Bank Overdraft Fees
w17025 Jialun Li
Kent Smetters

Optimal Portfolio Choice with Wage-Indexed Social Security
w17018 Jeffrey R. Brown
Arie Kapteyn
Olivia S. Mitchell

Framing Effects and Expected Social Security Claiming Behavior
w16999 Rajashri Chakrabarti
Donghoon Lee
Wilbert van der Klaauw
Basit Zafar

Household Debt and Saving During the 2007 Recession
w16965 Callum Jones
Virgiliu Midrigan
Thomas Philippon

Household Leverage and the Recession
w16933 Florencia Devoto
Esther Duflo
Pascaline Dupas
William Pariente
Vincent Pons

Happiness on Tap: Piped Water Adoption in Urban Morocco
w16911 Xavier Gabaix
A Sparsity-Based Model of Bounded Rationality
w16887 Erin Todd Bronchetti
Thomas S. Dee
David B. Huffman
Ellen Magenheim

When a Nudge Isn't Enough: Defaults and Saving Among Low-Income Tax Filers
w16868 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian

Does Aggregated Returns Disclosure Increase Portfolio Risk-Taking?
w16840 Edward N. Wolff
Maury Gittleman

Inheritances and the Distribution of Wealth or Whatever Happened to the Great Inheritance Boom? Results from the SCF and PSID
w16791 Syngjoo Choi
Shachar Kariv
Wieland Müller
Dan Silverman

Who Is (More) Rational?
w16740 Justine S. Hastings
Olivia S. Mitchell

How Financial Literacy and Impatience Shape Retirement Wealth and Investment Behaviors
w16728 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian

Behavioral Economics Perspectives on Public Sector Pension Plans
w16701 Sam Schulhofer-Wohl
Negative Equity Does Not Reduce Homeowners' Mobility
w16696 Pierre-André Chiappori
Krislert Samphantharak
Sam Schulhofer-Wohl
Robert M. Townsend

Heterogeneity and Risk Sharing in Village Economies
w16684 Jonathan A. Parker
Nicholas S. Souleles
David S. Johnson
Robert McClelland

Consumer Spending and the Economic Stimulus Payments of 2008
2010
w16648 Ralph S.J. Koijen
Stijn Van Nieuwerburgh

Predictability of Returns and Cash Flows
w16620 Julio J. Rotemberg
A Behavioral Model of Demandable Deposits and its Implications for Financial Regulation
w16612 Robert Clark
Melinda Sandler Morrill
Steven G. Allen

The Role of Financial Literacy in Determining Retirement Plans
w16586 Christopher J. Mayer
Tomasz Piskorski
Alexei Tchistyi

The Inefficiency of Refinancing: Why Prepayment Penalties Are Good for Risky Borrowers
w16577 Jonathan A. Parker
Annette Vissing-Jorgensen

The Increase in Income Cyclicality of High-Income Households and its Relation to the Rise in Top Income Shares
w16554 Javier Arias
Oliver Azuara
Pedro Bernal
James J. Heckman
Cajeme Villarreal

Policies To Promote Growth and Economic Efficiency in Mexico
w16531 Andrew Paciorek
Todd M. Sinai

Does Home Owning Smooth the Variability of Future Housing Consumption?
w16527 Erik Hurst
Geng Li
Benjamin Pugsley

Are Household Surveys Like Tax Forms: Evidence from Income Underreporting of the Self Employed
w16464 Michael D. Hurd
Maarten van Rooij
Joachim Winter

Stock Market Expectations of Dutch Households
w16452 Jere R. Behrman
Olivia S. Mitchell
Cindy Soo
David Bravo

Financial Literacy, Schooling, and Wealth Accumulation
w16433 Melissa Schettini Kearney
Peter Tufano
Jonathan Guryan
Erik Hurst

Making Savers Winners: An Overview of Prize-Linked Savings Products
w16407 Michael D. Hurd
Susann Rohwedder

Effects of the Financial Crisis and Great Recession on American Households
w16351 Atif Mian
Amir Sufi

The Effects of Fiscal Stimulus: Evidence from the 2009 'Cash for Clunkers' Program
w16329 Jonathan Reuter
Eric Zitzewitz

How Much Does Size Erode Mutual Fund Performance? A Regression Discontinuity Approach
w16316 Jessica A. Wachter
Motohiro Yogo

Why Do Household Portfolio Shares Rise in Wealth?
w16312 Diane Del Guercio
Jonathan Reuter
Paula A. Tkac

Broker Incentives and Mutual Fund Market Segmentation
w16275 Mathias Dolls
Clemens Fuest
Andreas Peichl

Automatic Stabilizers and Economic Crisis: US vs. Europe
w16271 Bruce Ian Carlin
David T. Robinson

What Does Financial Literacy Training Teach Us?
w16237 Veronica Guerrieri
Daniel Hartley
Erik Hurst

Endogenous Gentrification and Housing Price Dynamics
w16212 Gopi Shah Goda
John B. Shoven
Sita Nataraj Slavov

How Well Are Social Security Recipients Protected from Inflation?
w16211 Gopi Shah Goda
John B. Shoven
Sita Nataraj Slavov

Does Stock Market Performance Influence Retirement Intentions?
w16205 Dean Karlan
Margaret McConnell
Sendhil Mullainathan
Jonathan Zinman

Getting to the Top of Mind: How Reminders Increase Saving
w16063 Daniel Paravisini
Veronica Rappoport
Enrichetta Ravina

Risk Aversion and Wealth: Evidence from Person-to-Person Lending Portfolios
w15998 Raj Chetty
Adam Szeidl

The Effect of Housing on Portfolio Choice
w15988 Jack Favilukis
Sydney C. Ludvigson
Stijn Van Nieuwerburgh

The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium
w15968 Wenli Li
Michelle J. White
Ning Zhu

Did Bankruptcy Reform Cause Mortgage Default to Rise?
w15963 Damon Jones
Inertia and Overwithholding: Explaining the Prevalence of Income Tax Refunds
w15859 Laurent E. Calvet
Paolo Sodini

Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios
2009
w15483 Jonathan Heathcote
Fabrizio Perri
Giovanni L. Violante

Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006
w15462 Todd M. Sinai
Nicholas S. Souleles

Can Owning a Home Hedge the Risk of Moving?
w15327 Clemens Sialm
Laura Starks

Mutual Fund Tax Clienteles
w15307 Motohiro Yogo
Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets
w15283 Atif R. Mian
Amir Sufi

House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis
2004
hoxb04-1 Caroline M. Hoxby
editor

College Choices: The Economics of Where to Go, When to Go, and How to Pay For It
1996
wise96-1 David A. Wise
editor

Advances in the Economics of Aging
hurd96-1 Michael D. Hurd and Naohiro Yashiro
editors

The Economic Effects of Aging in the United States and Japan
1994
hans94-1 Hans-Werner Sinn
editor

Trans-Atlantic Public Economics Seminar 1992
1990
wise90-1 David A. Wise
editor

Issues in the Economics of Aging

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