We explore the link between portfolio home bias and consumption risk sharing among Italian regions using household-level information on consumption, income and portfolio holdings. Since equity fundsare typically diversified at the national or international level, we use data on equity fund...

We explore the link between portfolio home bias and consumption risk sharing among Italian regions using aggregated household level information on consumption, income and portfolio holdings. We propose to use data on equity fund ownership to proxy for regional home bias: equity funds are...

Este trabajo desarrolla un método flexible y semiestructural para cuantificar empíricamente la transmisión no lineal de los shocks de renta a las decisiones de elección de cartera de los hogares, tanto en el margen extensivo como en el intensivo. Modelizo la participación en el mercado de...

Sexual activity among adolescents is associated with risks such as pregnancy and STDs, and there is substantial policy interest in how peers influence the timing of sexual initiation. This paper measures separate effects for two social mechanisms--peer-group norms and partner availability--using...

This dissertation is a collection of three essays on high school dropout by adolescents and the roll of their siblings in this risky behavior. Dropping out of high school can scar the individual for his entire labor supply period with lower earnings, higher unemployment, and in turn incur...