Previous research has repeatedly found a puzzling one-time drop in the mean and median of consumption at retirement, contrary to the predictions of the life-cycle hypothesis. However, very little is known as to whether these effects vary across the consumption distribution. This study expands...

Using the 2004 National Sample Survey of Registered Nurses and the 2004–2005 American Community Surveys, we estimate the Black–White wage gap among females with at least some college education. We find that Black female nurses earn 9% more at the mean and median than White female nurses,...