Poor people are trapped in a vicious cycle of intergenerational poverty. This study critically reviews existing literature to explore why long-lasting poverty exists despite various initiatives taken by national and international development organizations (NGOs), charity organizations, and...

Personal bankruptcy is a widely used debt relief policy. We merge a large dataset on the demographic information and the residences of adult Singaporean citizens with a bankruptcy dataset to investigate the effect of parental bankruptcy on children’s financial behavior in adulthood. Children...

Using administrative data, we provide an extensive characterization of labor earnings dynamics in Norway. Some of our findings are as follows: (i) Norway has not been immune to the increase in top earnings inequality seen in other countries, (ii) the earnings distribution compresses in the...

Young adults throughout the world today, including those in Taiwan, are permanently leaving their parents' homes at a much later age compared with their parents' generation, a situation labeled as the failure-to-launch or boomerang generation. What role do filial piety beliefs play in East Asian...