How does one tell when rapid growth in house prices is caused by fundamental factors of supply and demand and when it is an unsustainable bubble? In this paper, we explain how to assess the state of house prices—both whether there is a bubble and what underlying factors support housing...

This paper presents evidence on the resources available to households as they enter retirement. It draws heavily on data collected by the Health and Retirement Study. We calculate the "potential additional annuity income" that households could purchase, given their holdings of non-annuitized...

Amy Finkelstein is the 2012 recipient of the John Bates Clark Medal from the American Economic Association. The core concerns of Amy's research program have been insurance markets and health care. She has addressed whether asymmetric information leads to inefficiencies in insurance markets, how...