Who is wealthy? This paper presents empirical estimates of household movements into and out of the top percents of the wealth distribution over individual life cycles. There are life-cycle motives and precautionary motives for wealth accumulation. The opportunities to accumulate wealth create...

We study risk behavior of Danish self-employed entrepreneurs, whose income risk may be driven by both exogenous factors and effort choice (moral hazard). Partial insurance is available through voluntary unemployment insurance (UI). Additional incentives to sign insurance contracts stem from a...

Who is wealthy? This paper presents empirical estimates of household movements into and out of the top percents of the wealth distribution over individual life cycles. There are life-cycle motives and precautionary motives for wealth accumulation. The opportunities to accumulate wealth create...

This paper uses micro data from four OECD countries (the United States, Spain, Italy, and the Netherlands), to assess the determinants of household debt holding and to investigate whether or not credit constraints are important for household debt holding. We extend the existing literature in...

This paper uses micro data from four OECD countries (the United States, Spain, Italy, and the Netherlands), to assess the determinants of household debt holding and to investigate whether or not credit constraints are important for household debt holding. We extend the existing literature in...

We examine whether financial capability has impacts on psychological health independent of income and financial resources more generally using a nationally representative survey. British Household Panel Survey data are used to construct a measure of financial capability, which we relate to...

Using an experimental design, we investigate the reasons behind the gendered division of housework within couples. In particular, we assess whether the fact that women do more housework than men may be explained by differences in preferences deriving from differences in gender identity between...

We use data from the youth component of the British Household Panel Survey to examine how educational attitudes and aspirations among 11-15 year olds vary across the business cycle. We find that the impact of the local unemployment rate on children's attitudes and aspirations varies...

We use data from the youth component of the British Household Panel Survey to examine gender differences in educational attitudes and aspirations among 11-15 year olds. While girls have more positive aspirations and attitudes than boys, the impacts of gender on children's attitudes and...

This paper builds on the existing literature about the distribution of financial resources within the household between couple members. Using data from the British Household Panel Study (BHPS) we examine the ownership of, and amounts held in savings, investments and debts by couple members, and...