We examine the relationship between income inequality and house prices for a panel of 17 OECD countries over the period 1870 to 2015. Our identification strategy takes advantage of exogenous variation in culturally weighted communist influence to instrument for within-country variations in...

Using data from the UK Community Life Survey, we present the first study to examine the relationship between heterogeneity in one's friendship network and subjective wellbeing. We measure network heterogeneity by the extent to which one's friends are similar to oneself with regard to ethnicity...