The demand for housing is analyzed within the context of an overall household expenditure system in which housing viewed as both a consumption good and an investment good. The risk associated with holding housing as an asset is given special attention. The expenditure system is estimated using...

We study the dispersion of wages of full-time full-year workers over two decades controlling for both education and experience. Applying non-parametric statistical methods we find statistically significant and large increases in inequality for males with low levels of education and experience...