• This paper reviews both published and emerging research on different risks retirees face and possible solutions financial planners can use to help clients overcome behavioral hurdles.• Risk assessment questions that measure loss aversion, as well as reducing myopic behavior, can help keep...

Parent-child interactions are determined endogenously by child behavior, making identification of causal effects challenging. We overcome this endogeneity by analyzing a randomized, universal parent-training intervention on parents of preschool children. Evaluation of adolescent outcomes 10...

We present a general discrete choice framework for analyzing household formation and dissolution decisions in an equilibrium limited-commitment collective framework that allows for marriage both within and across birth cohorts. Using Panel Study of Income Dynamics and American Community Survey...

There is growing enthusiasm for cash grants as a tool to tackle poverty globally, but we have little sense whether the promising short-run impacts persist in the long term. In 2008, Uganda gave $400/person to thousands of young people, to help them start skilled trades. Four years on, an...

We develop a macroeconomic theory of the division of household tasks between servants and own work and how it is affected by automation in households and firms. We calibrate the model for the U.S. and apply it to explain the historical development of household time use and the distribution of...

Individuals with ancestry from countries with advanced information technology in 1500 AD, such as movable type and paper, adopt the internet faster than those with less advanced ancestry. The analysis illustrates persistence over five centuries in information technology adoption in European and...

We take advantage of recent advances in behavioral genetics to revisit a classic question in economics: how do parents respond to children's endowments and to differences in endowments among siblings? Parental investment decisions depend both on parental preferences regarding inequality in the...

This paper develops a novel model of marital sorting on income potentials: In the marriage market, people are matching on potential wage growth rates which differ across individuals. Gains from marriage arise from intra-household specialization as couples make joint decisions on how much time to...

Gary Becker's classic study, A Theory of the Allocation of Time, laid the analytical foundations for the study of household production and the allocation of time within the household. The analytical framework of household production theory developed in this paper remained a pillar of his later...

This paper sheds light on the role of family networks in the dynamics of a West African labour market, i.e. in the transitions from unemployment to employment, from wage employment to self-employment, and from self-employment to wage employment. It investigates the effects of three dimensions of...