housing net worth on household expenditures during the Great Recession. Their widely-cited estimates are based on proprietary … specification on our data, we obtain values for the elasticity of expenditures to the housing net worth shock that are virtually … conclusions about the separate roles of house prices and initial housing exposure/leverage for the drop in expenditures. Moreover …

commodity groups. Consumption is a distributed lag function of expenditures, and the utility function is additively separable in … each commodity group, expected change in expenditures is correlated neither with past expenditure changes on other …

Culture is not new to the study of migration. It has lurked beneath the surface for some time, occasionally protruding … how culture manifests itself in the migration process for three groups of actors: the migrants, those remaining in the … migration as an economic phenomenon; but what about them matters? Properly, we should be looking at the determinants of identity …

-country savings does not affect remittances sent home by migrants …

By putting together a relatively large data set on bilateral remittances of emigrants, this paper is able to shed light … on the important hypothesis of smoothing. The smoothing hypothesis is that remittances are countercyclical with respect … affirmation of smoothing is important for two reasons. First, it suggests that remittances should be placed on the list of …

' education. -- Remittances ; Migration ; Brain Drain ; Immigration Policy …We investigate the relationship between remittances and migrants' education both theoretically and empirically, using … original bilateral remittance data. At a theoretical level we lay out a model of remittances interacting migrants' human …

-specific premium for migration and return for three typical destinations of Romanian migrants after 1990. We find evidence for a … sorting of migrants consistent with skill compensation in destination countries. The premium to return migration increases … with migrants' skills and drives the positive selection of returnees. Based on the rationality of these migration decisions …

United States. Importantly, we find a significantly negative interaction between pre-migration labor supply and source … immigrant women's US work hours is still strong even controlling for the immigrant's own pre-migration labor supply. The …