We investigate how material well-being has changed over time for single mother headed families—the primary group affected by welfare reform and other policy changes of the 1990s. We focus on consumption as well as other indicators including components of consumption, measures of housing...

The COVID-19 crisis and its reverberations resulted in levels of economic distress unprecedented since the 1930s. But COVID was a seismic social shock even for families that lost no income, due at least in part to abrupt school closures and the widespread threat of illness and death. The...

The COVID-19 crisis and its reverberations resulted in levels of economic distress unprecedented since the 1930s. But COVID was a seismic social shock even for families that lost no income, due at least in part to abrupt school closures and the widespread threat of illness and death. The...

How is a developing country affected by its government's ability to borrow in international markets? We examine the dynamics of a country's growth, consumption, and sovereign debt, assuming that the government's objective is to maximize short-term, typically wasteful, expenditures. Sovereign...

Drawing on original surveys of our own design, we estimate that the pandemic-induced shift to working from home lowers commuting time among Americans by more than 60 million hours per work day. Cumulative time savings over the past seven months exceed 9 billion hours. Our survey data also say...

We quantify the commute time savings associated with work from home, drawing on data for 27 countries. The average daily time savings when working from home is 72 minutes in our sample. We estimate that work from home saved about two hours per week per worker in 2021 and 2022, and that it will...

In response to the COVID-19 pandemic two new timely poverty measures have been developed to monitor fast-changing economic conditions for the most deprived. The Han et al. near real-time poverty measure uses responses to a global income question on the Monthly Current Population Survey (CPS)...

We examine the distribution of household consumption, income and savings from 2019 through the end of 2020 using the Consumer Expenditure Survey (CE) and other data. This is the first work to study the impact of the COVID-19 pandemic on economic well-being using nationally representative...

Mounting evidence documents a stark correlation between income and health, yet the causal mechanisms behind this gradient are poorly understood. This paper examines the impact of access to expertise on health, and whether unequal access to expertise contributes to the health-income gradient. Our...

This paper reviews the literature on intergenerational mobility. While our review is centered around the large empirical literature on this topic, we also give a brief discussion of some of the relevant theory. We consider three strands of the empirical literature. First, we discuss how to...