Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable employment gains achieved during the 1990s, with a historic contraction in manufacturing employment being … force behind both recent reductions in U.S. manufacturing employment and-through input-output linkages and other general …

course of the 20th century, driven by a sharp rise of mortgage lending to households. Household debt to asset ratios have …

time - total returns to the largest, but oft ignored, component of household wealth, housing. The annual data on total …

This paper provides a household-level perspective on the rise of global saving and wealth since the 1980s. We calculate … China. In the past four decades, global saving inequality has risen sharply. The share of household saving flows coming from … the richest 10% of household increased by 60% while saving of middle-class households has fallen sharply. The most …

German history over the past 125 years has been turbulent. Marked by two world wars, revolutions and major regime … comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household … aftermath of World War II stand out as the great equalizers in 20th century German history. After unification in 1990, two …

This paper studies the distribution of U.S. household income and wealth over the past seven decades. We introduce a … newly compiled household-level dataset based on archival data from historical waves of the Survey of Consumer Finances (SCF … between the 25th and 75th percentile of the distribution. The household data also reveal that the paths of income and wealth …

This paper studies the secular increase in U.S. household debt and its relation to growing income inequality and … financial fragility. We exploit a new household-level dataset that covers the joint distributions of debt, income, and wealth in … increase in U.S. household debt between the 1970s and 2007. The resulting debt increase made balance sheets more sensitive to …

narrative evidence from economic history that highlights the contribution European capital made to economic growth of peripheral …

How do financial development and financial integration interact? We focus on Japan's Great Recession after 1990 to … reference to prefectures' different historical pathways to financial development. After Japan's opening to trade in the 19th …, the main export hub for silk, provided silk reelers with trade loans. Many regional banks in Japan were founded as local …

We investigate the fiscal impacts of earthquakes in Japan. In contrast with earlier papers from elsewhere which examine …