The effect of inequality on individual welfare remains a debated question in economics. A common explanation for these mixed findings is that in Europe and the U.S., inequality can be a signal of income mobility and opportunity as much as it is a signal of injustice. This paper explores the...

Development economists have increasingly advocated using assets to complement income and consumption-based measures of welfare and wealth in developing countries, and thus to extend our understanding of the multi-dimensional character of poverty and the complexity of the processes underlying...

Commercial real estate loans, in particular construction and land loans, have become a simultaneously one of the most significant sources of risk for regional and small banks while remaining one of the least understood and studied types of debt. The lack of loan-level data on land, construction,...

This paper examines the gendered nature of asset accumulation between 1978 and 2004 in Indio Guayas, a low-income community on the periphery of the city of Guayaquil, Ecuador. In so doing, it emphasizes both the importance of combining quantitative and qualitative intra-household data, as well...