In the last ten years, there has been a growing interest in the role of neighborhoods in shaping a variety of outcomes for families, adults, and children. Although theoretical perspectives are well advanced and the basic statistical methods for modeling neighborhood effects are in place, a major...

In this paper the authors describe the household wealth distribution in the U.S. and the U.K., and compare both wealth inequality and the form in which wealth is held. Unconditionally, there are large differences in financial wealth between the two countries at the top fifth of the wealth...

The authors use eight waves from the European Community Household Panel (1994-2001) to analyze the intertemporal labor supply behaviour of married women in six European countries (Netherlands, France, Spain, Italy, Germany and United Kingdom) using dynamic binary choice models with different...

The simple one-good model of life-cycle consumption requires "consumption smoothing." However, British and U.S. households apparently reduce consumption at retirement and the reduction cannot be explained by the life-cycle model. An interpretation is that retirees are surprised by the inadequacy...

This paper explores how observed and unobserved parental investments compensate for low birth weight. Controlling for family fixed effects, which encompass unobserved parental investment, we find birth weight positively correlates with math and reading scores and these estimates are considerably...