Research exposes the significant impact of family networks on labor market dynamics in developing countries.
Behavioral interventions aimed at promoting savings may lead to counterproductive consequences. Researchers find that consumers may borrow high-interest debt in favor of preserving low-interest savings. Policies encouraging savings should be coupled with efforts that promote education on appropriate spending of savings.
New research explores the complex relationship between housing prices and consumer spending. The magnitude of this relationship can vary considerably over time and across households.
New research shows how innovation in finance may increase the aggregate demand for investments over time, yet lower the expected return on assets.
How does unemployment duration, age, or holding a low-level “interim” job affect the likelihood of receiving a callback from a potential employer?
A recent study confirms the finding that mortality rates decrease during recessions and that severe recessions produce even larger reductions in mortality rates.