Age is among the strongest predictors of political participation, yet it is also among the least well understood. We offer a model of participation in the U.S. voter registration system - the first step in the voting process. In this model, older people are more apt to participate than younger...

We examine the mobility of minority executives, defined as ethnic minority and female executives, in publicly listed US firms. Minority executives as a whole experience lower promotion, higher demotion, and higher exit than Caucasian males. These differences are driven by female and African...

This paper studies short-run wealth mobility in a heterogeneous agents, incomplete-markets model. Wealth mobility has a “hump-shaped” relationship with the persistence of the stochastic process governing labor income: low when shocks are close to i.i.d. or close to a random walk, and higher...