[...]This paper empirically examines the spatial and temporalresponses of the New York City economy to a large, butspatially concentrated, exogenous shock to its capital stock:the terrorist attacks of September 11, 2001. Our focus on thecity’s response allows us to draw inferences about how...

In the field of housing economics, there is a long traditionof evaluating housing outcomes for the entire populationand various subgroups by tracking four key variables, orconcepts: the physical adequacy of the occupied housingunit, the number of people living in the unit relative to thenumber...

The second half of the 1990s has seen substantialchanges in the wealth of Americanhouseholds, primarily owing to movements inthe stock market. From mid-1994 to mid-1997, the aggregate value of household sector equityholdings (including those owned by nonprofits, mutualfunds, and pensions and...

[...]This study is the first formal investigation ofconsumer attitudes that compares the forecasting power ofthe University of Michigan’s Index of Consumer Sentimentand the Conference Board’s Consumer Confidence Index.We begin with a background analysis of structural differencesbetween the...

[...]In this study, we use recent historical evidence toexplore one dimension of the broad relationship betweenmarket returns and mutual fund flows: the effect of shorttermmarket returns on mutual fund flows. Research onthis issue has already confirmed high correlations betweenmarket returns and...

This paper uses recently digitised samples of apprentices and masters in London and Bristol to quantify the practice of apprenticeship in the late 17th century. Apprenticeship appears much more fluid than is traditionally understood. Many apprentices did not complete their terms of indenture;...

The “Golden Age” of post-war European economic growth has witnessedextraordinary changes not only in the economic, but also in the social andcultural outlook of Western European societies. Eric Hobsbawm’s statementthat “[h]istorians of the twentieth century in the third millennium will...

In 1866, the Midland Railway Company demolished Agar Town,an area Victorian writers called the foulest slum in London, tomake way for the development of St Pancras railway station.Most Londoners lauded the action. But what kind of tenantsactually inhabited the area before it was destroyed, and...

In this paper we examine the concept of “vulnerability” within the context of incomemobility of the poor. We test for the dynamics of vulnerable households in the UKusing Waves 1 - 12 of the British Household Panel Study and find that, of threedifferent types of risks that we test for,...

This paper examines the profile of poverty in Tajikistan, the most remoteand poorest of the independent states of the Former Soviet Union. Datais used from the first nationally representative household surveyconducted in Tajikistan since independence and the cessation of the civilwar. The...