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 …

The repeated failure of Ireland's potato crop in the late 1840s led to a major famine and a surge in migration to the … associated with less upward mobility. Our results contribute to literatures on immigrant assimilation, refugee migration, and the … Age of Mass Migration …

previous Latin American immigrants falls when controlling for out-migration. This highlights the importance of controlling for … out-migration not only of natives but also of previous immigrants in regional studies of immigration …

observable skills there is intermediate or positive selection of immigrants from Mexico. The results also suggest that migration …

Mankiw [1982] explores the Permanent Income Hypothesis implication that durable expenditures follow an ARMA(1 …,1) representation. He finds that durable expenditures are represented by an AR(1) process which implies that the rate of depreciation of …