Economists in recent decades have turned their attention to data that asks people how
happy or satisfied they are with their lives. Much of the early research concluded that the role …

This chapter provides new evidence on educational inequality and reviews the literature on
the causes and consequences of unequal education. We document large achievement gaps …

Perceptions of Africa have changed dramatically. Viewed as a continent of wars, famines
and entrenched poverty in the late 1990s, there is now a focus on “Africa rising†? and an …

When I started writing this book, I knew I'd need to read piles of research but failed to foresee
the enormity of the piles. Education isn't just a major industry; it inspires researchers' …

Household-level data on consumer expenditures underpin a wide range of empirical
research in modern economics, spanning micro-and macroeconomics. This research …

From a rising young economist, an examination of innovation and success, and where to
find them in America. An unprecedented redistribution of jobs, population, and wealth is …

We study the effects of monetary policy shocks on—and their historical contribution to—
consumption and income inequality in the United States since 1980 as measured by the …

Invariably, across a cross-section of countries and time periods, wealth distributions are
skewed to the right displaying thick upper tails, that is, large and slowly declining top wealth …

The goal of this chapter is to study how, and by how much, household income, wealth, and
preference heterogeneity amplify and propagate a macroeconomic shock. We focus on the …

We develop a theory of parent‐child relations that rationalizes the choice between
alternative parenting styles (as set out in Baumrind, 1967). Parents maximize an objective …