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Since the global financial crisis and the related restructuring of banking systems, bank concentration is on the rise in many countries. Consequently, bank size and its role for macroeconomic volatility (or: stability) is the subject of intense debate. This paper analyzes the effects of...
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A striking change in American society in the last 40 years has been the decline and delay in marriage. The fraction of … volatility also rose. We establish a quantitatively important link between these facts. If marriage involves consumption … commitments, then a rise in income volatility delays marriage. We quantitatively assess this hypothesis vis‐à‐vis others in the …
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