Working Papers

Using de-identified bank account data, we show that spending drops sharply at the large and predictable decrease in income arising from the exhaustion of unemployment insurance (UI) benefits.

This paper studies optimal education subsidies when parental transfers are unequally distributed across students and cannot be publicly observed.

Parenting decisions are among the most consequential choices people make throughout their lives. Starting with the work of pioneers such as Gary Becker, economists have used the toolset of their discipline to understand what parents do and how parents’ actions affect their children.

China’s college expansion program, which was implemented in 1999, significantly increased the share of college-educated workers in the urban labor force. We find that returns to education were not responsive to changes in local skill supply between then and 2009.

Is a school’s impact on high-stakes test scores a good measure of its overall impact on students? Do parents value school impacts on high-stakes tests, longer-run outcomes, or both?

The effect of coworkers on the learning and the productivity of an individual is measured combining theory and data.

Wealth inequality has received considerable attention, with mounting evidence of steady and economically meaningful changes in the concentration of wealth ownership.

This paper draws on household survey data from countries of all income levels to measure how average unemployment rates vary with income per capita. We document that unemployment is increasing with GDP per capita.

This paper examines academic peer effects in college. Unique new data from the Berea Panel Study allow us to focus on a mechanism wherein a student’s peers affect her achievement by changing her study effort.

Individuals' medical spending has both necessary and discretionary components which are not, however, separately observable.