We propose a new method to test for efficient risk pooling that allows for intertemporal smoothing, non-homothetic consumption, and heterogeneous risk and time preferences. The method is composed of three steps. The first one allows for precautionary savings by the aggregate risk pooling group....

Studies of racial discrimination often condition on endogenous measures of race or on earlier decisions that might themselves be affected by discrimination. We develop quasi-experimental tools for estimating the impact of racial misclassification on measures of unwarranted disparity, and for...

Black children in the U.S. are twice as likely as white children to spend time in foster care. Such racial disparities raise concerns of discrimination, but might also reflect differences in the underlying need for intervention. This paper estimates unwarranted disparities (UDs)--racial...

How do majority groups respond to a narrowing of inequality in racially polarized environments? We study this question by examining the effects of the Freedmen's Bureau, an agency created after the U.S. Civil War to provide aid to former slaves and launch institutional reform in the South. We...

Ten percent of Black children in the U.S. spend time in foster care--twice the rate of white children. We estimate unwarranted disparities in foster care placement decisions, adjusting for differences in the potential for future maltreatment by leveraging the quasi-random assignment of cases to...

In recent years, important and headline-grabbing findings have emerged from research using individual income tax data for statistical purposes. Demand for these microdata, accessible under the tax administration authority of the Internal Revenue Code and through the IRS Statistics of Income...

Household time and money allocations in response to income support programs vary across diverse family circumstances and preferences, yet such heterogeneous responses are not well understood. Using data from a large-scale, multisite, U.S.-based randomized controlled study, we examine...

Retirement income security refers to the ability of households to provide an adequate stream of income during the period of their retirement from the labor force. Expected retirement income is based of four components: (i) standard non-pension wealth holdings, (ii) defined contribution (DC)...

In Latin America--the world's most unequal region--non-white rural populations disproportionately suffer from Chagas disease, a neglected tropical disease (NTD) that causes weeks of acute symptoms and can lead to chronic heart problems decades later. We demonstrate that Brazil's post-1983...

We examine how the racial wealth gap interacts with financial aid in American higher education to generate a disparate impact on college access and outcomes. Retirement savings and home equity are excluded from the formula used to estimate the amount a family can afford to pay. All else equal,...