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The timing of transfers is critical to their value for recipients. Thus, although the bulk of family transfers occurs in the form of inheritances, inter-vivos ...

Industrial policies, while often aimed at domestic industries, can spur technological progress abroad. We document this mechanism in the case of rare earth ...

We study the interaction between monetary policy and labor supply decisions at the household level. We uncover evidence of heterogeneous responses and a strong ...

How does an adverse economic shock affect families? We answer this question by exploiting a natural-experimental earthquake shock and unique panel data with ...

We revisit the role of human capital in explaining the cross-country variation in GDP. We propose a general-equilibrium model in which workers of different ...

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We show empirically that 11 percent of recent US high school graduates did not apply for federal financial aid due to finding applying too difficult or ...

This paper develops a dynamic spatial equilibrium model of a multi-region, multi-sector open economy where heterogeneous agents optimally choose their job, ...

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