An extensive literature on labor-market outcomes by sexual orientation finds lower wages for gay men compared to heterosexual men and higher wages for lesbians compared to heterosexual women. Recent work looking over multiple time periods provides suggestive evidence, however, that the wage...

We study the relationship between financial well-being and sexual orientation in the United States using Survey of Household Economics and Decisionmaking (SHED) data for 2019-2022. We document that people who are lesbian, gay, and bisexual (or LGB) have significantly more difficulty managing...