to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and …

We reassess the quot;scarringquot; hypothesis by Clark et al. (2001), which states that unemployment experienced in the … scar from past unemployment operates via worsened expectations of becoming unemployed in the future, and that it is future … insecurity that makes people unhappy. Hence, the terminology should be altered by one letter: past unemployment quot …

Is unemployment the overwhelming determinant of domestic violence that many commentators expect it to be? The … contribution of this paper is to examine, theoretically and empirically, how changes in unemployment affect the incidence of … domestic abuse. The key theoretical prediction is that male and female unemployment have opposite-signed effects on domestic …

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a … negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …

household structure is widely neglected. Societal trends like a decline in birth rate and an increase in the risk of divorce … paper is to quantify the proportion of changing household structures in the increase in inequality. We find that the rise in … inequality was indeed more due to changes of household structure and employment behavior rather than changes in wages. Moreover …

Finances. The household-level data allow us to study the joint distributions of household income and wealth since 1949. We … shift the wealth distribution because the composition and leverage of household portfolios differ systematically along the … all American households have less wealth today in real terms than the median household had in 1970 …