, and current income differs from permanent income, failing to capture the consumption paid for through borrowing and … dissaving and the consumption of durables such as houses and cars. We examine income inequality between 1963 and 2014 using the … Current Population Survey and consumption inequality between 1960 and 2014 using the Consumer Expenditure Survey. We construct …

factors behind the U.S. credit crisis. We show that a boom-bust cycle in debt, asset prices and consumption characterizes the …

size, consumption patterns, and income in the cross-section at the end of the 20th century. We then project the model back …

measures and analysis of more migrant-origin countries. Hurricanes increase U.S. immigration, with the effect increasing in the … size of prior migrant stocks. Large migrant networks reduce fixed costs by facilitating legal immigration from hurricane …-affected source countries. Hurricane-induced immigration can be fully accounted for by new legal permanent residents (“green card …

From the 1970s to the early 2000s, the United States experienced an epochal wave of low-skilled immigration. Since the …-skilled, foreign-born workers has remained stable. We examine how the scale and composition of low-skilled immigration in the United … contributed to the recent immigration slowdown. Because major source countries for U.S. immigration are now seeing and will …

In this paper we study the impact of immigration to the United States on the vote for the Republican Party by analyzing …