This paper compares degree requirements across a sample of universities in the US and UK. It compares requirements for undergraduate degrees in Biology, Business, English, and Political Science. Each degree is analyzed according to the proportion of courses in the major, the proportion of...

This paper estimates a structural model of optimal life-cycle consumption expenditures in the presence of realistic labor income uncertainty. We employ synthetic cohort techniques and Consumer Expenditure Survey data to construct average age-profiles of consumption and income over the working...

Households spent only a small fraction of their 2020 Economic Impact Payment (EIPs) within a couple of months of arrival, consistent with i) pandemic constraints on spending, ii) other pandemic programs and social insurance, and iii) the broader disbursement of the EIPs compared to the economic...

Target Date Funds (TDFs) are designed to provide unsophisticated or inattentive investors with age-appropriate exposures to different asset classes like stocks and bonds. The rise of TDFs has moved a significant share of retirement investors into macro-contrarian strategies that sell stocks...

Overview of the UK merger control regime -- Enterprises ceasing to be distinct -- The share of supply and turnover tests -- Relationship with the merger regulation -- Public interest mergers -- The phase I process -- The duty to refer and exceptions -- The phase II process -- The counterfactual...