This paper studies the economic benefits of home ownership. Exploiting a quasi-experiment surrounding privatization … of housing wealth are concentrated among the home owners who sell subsequent to privatization and among those who receive …

returns on those investments) has important implications for the saving, investment, and entry decisions of continuing and … potential entrepreneurs. These effects are similar in spirit to the role played by costly external financing on investment by … about entrepreneurial saving decisions and their role in household wealth accumulation. First, entrepreneurial households …

how fluctuations in individual crypto wealth affect household consumption, equity investment, and local real estate … consumption and investment into other asset classes …

There is usually considerable uncertainty about the amount of investment that will accompany any level of protection …

We estimate the effects of privatization on zombie versus healthy state-owned enterprises (SOEs) in China, extending … privatization of underperforming, zombie-like entities can lead to substantial economic improvements and greater efficiency …

relaxing financial constraints. Our research design isolates idiosyncratic variation in household-level stock market returns …

We study the effects of monetary-policy-induced changes in Tobin's q on corporate investment and capital structure. We … evidence, and quantify the relevance for monetary transmission to aggregate investment …