The intergenerational income elasticity (IIE) is a crucial measure of income mobility. In this article, we develop a structural model ...

This article examines the heterogeneous impact of state exemption laws and state garnishment laws on bankruptcy. Using a new household-level ...

Diverse provider payment systems create incentives that affect the quantity and quality of health-care services provided. Payments can be based ...

"This article examines the role of social networks in a household’s bankruptcy decision. Social networks may affect a household’s bankruptcy ...

Households often rely on professionals with specialized knowledge to make important financial decisions. In many cases, the professional’s financial interests ...