In this paper we develop and implement a method for bounding the extent to which labor market discrimination can account for racial wage differentials. The method is based on a two-sided, search-matching model that formally accounts for unobserved heterogeneity and unobserved offered wages. We...

In this paper, we examine empirically whether risk pooling is more advantageous among altruistic compared to selfish agents in a framework where individuals cannot make binding commitments. In particular, we incorporate altuism into a model of risk sharing under imperfect commitment and use...

New survey-based data on siblings are used to assess potential roles of bequests in redistributing income among siblings as implied by prominent models. The data are not focused on the upper tail of the wealth distribution and include both own and sib reports on own and sib's bequests, enabling...

We use data on monozygotic twins to obtain improved estimates of the effect of intrauterine nutrient intake on adult health and earnings and thus to evaluate the efficacy of programs aimed at increasing birthweight. We use the results to evaluate the bias in cross-sectional estimates and to...

Many studies find that parental resources importantly determine children's human capital, schooling returns, and earnings. The collective household approach suggests that, in addition, parental resources of marital partners may importantly affect resource distributions within marriage. This...