dynamic model of consumption and labor supply. We emphasize two key results. First, a psychology-based theory of poverty traps … of financial stress. On the other hand, naifs dis-save, fall into a poverty trap, and incur high welfare losses. Second …

. Evidence supports that this is a causal effect of the post-natal environment; family disadvantage is unrelated to the gender … gap in neonatal health. We conclude that the gender gap among black children is larger than among white children in …

married couples over the allocation of rival and non-rival household goods. The experiment measures individual preferences …

We provide a first look into the drivers of household cryptocurrency investing. Analyzing consumer transaction data for … investors. High past crypto returns and personal income shocks lead to increased cryptocurrency investments. Higher household …

We investigate the impact of financial windfalls on household portfolio choices and risk exposure. Exploiting the …-point decrease in the risky share of household portfolios. We show theoretically that negative wealth effects are consistent with …

We use panel data from the Italian Survey of Household Income and Wealth from 1991 to 2016 to document empirically what … components of the household budget constraint change in response to shocks to household labor income, both over shorter and over … which include shocks to the value of household wealth are necessary to fully evaluate the sources and the consequences of …

framework illustrating the numerous channels of the transmission mechanism of surprise inflation to household welfare guides our …