Collateral constraints limit household migration to expensive locations by restricting financing for home purchases. Such endogenous location choice amplifies the impact of relaxing household borrowing constraints. Using China's cash-based shantytown renovation program (2015-2018) as a natural...

This paper investigates household preferences over who should work and whether these preferences are malleable. We document that men and women prefer that husbands work over wives. To understand why, we randomly assign a six-week job to either the husband or wife and document asymmetry: women's...

We study how private information affects household responses to environmental risk. Using data from residential air quality monitors, we exploit the timing of monitor installation and high-frequency fine particulate matter (PM2.5) readings to identify responses to new information about indoor...

An economy with fixed-amortization mortgages and borrowing-constrained consumers leads to the non-superneutrality of money as the level of inflation targeted has real effects on home ownership, consumption, and debt. Higher trend inflation increases nominal interest rates, which increases...

During economic crises, urban policymakers must assess whether housing assistance helps prevent evictions. This study explores the link between housing assistance and eviction risk and how household financial capacity influences this relationship. Using 207,203 observations from the...

During economic crises, urban policymakers must assess whether housing assistance helps prevent evictions. This study explores the link between housing assistance and eviction risk and how household financial capacity influences this relationship. Using 207,203 observations from the...