This paper explores historical patterns of racial segregation and its relationship with the observed spatial variation in contemporaneous economic mobility established in Chetty et al. (2014). We combined data from the Equality of Opportunity Project with a novel measure of racial segregation...

This paper analyses the relation between unemployment, marriage, divorce, widowhood and subjective well-being using Russian panel data. Contrary to Clark et al. (2008) and Clark and Georgellis (2013), we find little evidence of adaptation to these life events.

Iron deficiency anemia is the most prevalent nutritional deficiency in the world, affecting more than 2 billion people in developing countries. We show that a modest cash transfer substantially reduced anemia among women of reproductive age in rural Ecuador.

Existing hedonic methods cannot be easily adapted to estimate willingness to pay for product characteristics when willingness to pay depends on a very large basket of goods. We show how to marry these methods with revealed preference arguments to estimate bounds on willingness to pay using data...

In Uttar Pradesh, teams of four are engaged to dig soil under the NREGA programme. In one treatment spouses work together; in the other treatment they work in separate teams. Working with spouses is associated with significantly higher output.

We estimate the effect of Internet on the volume of used car transactions. From 1997 to 2007, Internet use tripled in California, causing an increase in volume-of-trade of 7.2 %. This implies a substantial welfare gain via improved allocative efficiency.

This paper investigates the relationship between financial optimism and non-participation in pension schemes in the UK. We show that financial optimism reduces the probability of employees joining employer run pension schemes and also the probability of the self-employed subscribing to private...

We model a single-club-heterogeneous-consumer-exogeneous-income economy as an aggregative public good game. Under common assumptions, if club quality functions are homogeneous of positive degree in the club facility investment and use, an unique Nash equilibrium exists.

Collective household models posit that each household member has access to a fraction of the household budget, called a resource share, which defines the shadow budget faced by a household member. Together with the within-household shadow price vector, the shadow budget determines the material...

We present an alternative measurement method of investor overconfidence, using unique survey data on stock market predictions of investors. We apply the Parkinson estimate based on extreme bounds around the stock forecast to deduce investor confidence. The results support overconfidence.