declines in housing wealth, but who were employed at the same firm and lived in the same area at the onset of the 2008 crisis …. We find that, following a negative wealth shock, innovative workers become less productive, and generate lower economic …

In the Wealth of Nations, Adam Smith argues that a country's national income depends on its labor productivity, which …

spells. In this paper I focus on focus on one form of resources, own wealth holdings. I find that the median worker has … tremendous heterogeneity in wealth holdings; almost one-third of workers can't even replace 10% of their income loss. Most … strikingly, ex-ante wealth holdings decline precipitously with realized unemployment durations, both absolutely and (especially …

By 1992, pensions and retiree health insurance represented one quarter of the wealth of families on the verge of … total wealth of each household in the Health and Retirement Study by $67,000 in 1992 dollars, raising wealth from employer … benefits among covered workers. All classes of wealth holders enjoyed increased wealth from employer provided retirement plans …