In this report JPMorgan Chase Institute assembled a de-identified sample of 160,000 regular Chase customers who received unemployment insurance (UI) between 2014 and 2016 across 18 states to evaluate the role that UI plays in mitigating the financial impacts of job loss. Our results show that UI...

In this report the JPMorgan Chase Institute leverages de-identified administrative data on Chase customers between October 2012 and September 2015 to describe the key sources of income volatility among U.S. individuals and the size and growth of the Online Platform Economy. Our findings on...

In this report the JPMorgan Chase Institute examines administrative data on the everyday spending behavior of a random, de-identified sample of one million core Chase customers across 23 states to quantify the impact of an entire year of lower gas prices in 2015. First, we show that...

In this report the JPMorgan Chase Institute assembled one of the largest samples of participants in the Online Platform Economy to date: over 240,000 de-identified individuals who earned income between October 2012 and June 2016 from one or more of 42 different platforms. Our findings point to...

We study the consumption response to typical labor income shocks and investigate how these vary by wealth and race. First, we estimate the elasticity of consumption with respect to income using an instrument based on firm-wide changes in monthly pay. While much of the consumption-smoothing...

In this report, the JPMorgan Chase Institute compares the financial outcomes of accounts held by women versus men and examines changes in these outcomes that result from an extraordinary medical payment. The JPMorgan Chase Institute assembled a de-identified data asset of roughly 210,000...

In this report, the JPMorgan Chase Institute assembled a de-identified data asset of over 250,000 Chase customers between 2013 and 2015 in order to study how consumers' expenses vary over time and how their financial behavior changes when faced with extraordinary medical payments. We organize...

The JPMorgan Chase Institute set out to understand families' out-of-pocket healthcare expenditures and the financial burden they imposed on families over time. Building off a de-identified sample of 4.7 million families with Chase checking accounts, we extended the JPMorgan Chase Institute...

Just a decade ago, the Online Platform Economy comprised a handful of marketplaces connecting independent sellers to buyers of physical goods. Today, many consumers use online platforms to procure almost any kind of good or service. Have these innovations created new viable options for making a...

Every spring, more than a half trillion dollars flow into and out of the financial accounts of American families as they reconcile taxes paid against taxes owed for the prior year. The JPMorgan Chase Institute analyzed daily financial flows and balances for families who receive tax refunds or...