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Abstract We investigate the consumption consequences of the 2006 to 2009 housing collapse using the highly unequal geographic distribution of wealth l
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Read MoreAbstract We examine the risk-taking behavior of money market funds during the financial crisis of 2007–2010. We find that (1) money market funds exper
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Read MoreAbstract We develop a framework for nonparametrically identifying optimization frictions and structural elasticities using notches—discontinuities in
Read MoreAbstract We investigate the consumption consequences of the 2006 to 2009 housing collapse using the highly unequal geographic distribution of wealth l
Read MoreAbstract We study the role of establishment-specific wage premiums in generating recent increases in West German wage inequality. Models with additive
Read MoreAbstract We study the role of establishment-specific wage premiums in generating recent increases in West German wage inequality. Models with additive
Read MoreAbstract This article studies the role of employer behavior in generating “negative duration dependence”—the adverse effect of a longer unemployment s
Read MoreAbstract This article studies the role of employer behavior in generating “negative duration dependence”—the adverse effect of a longer unemployment s
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