No abstract.

Applying a permanent income model with exogenous liquidity constraints and mortgage behavior, household refinancing when mortgage interest rates are historically high and rising, a persistent empirical puzzle, is explained. Using data from the Panel Study of Income Dynamics, households...

This paper deals with methodological issues that arise in measuring household wealth. Two prominent American household surveys--the PSID and SCF--rely on different methodological approaches to the measurement of household wealth. In particular, SCF oversamples high-income households and has a...

No abstract.

No abstract.

This paper examines ways that families use time to shape their children’s health behaviors. Specifically, it explores ways that parents can prepare children to make health-enhancing choices as adults. It also analyzes ways that offspring manage their time during young adulthood, when they are...

This paper examines ways that families use time to shape their children’s health behaviors. Specifically, it explores ways that parents can prepare children to make health-enhancing choices as adults. It also analyzes ways that offspring manage their time during young adulthood, when they are...

This paper investigates the link between disability and subjective wellbeing, using data from the 2009 Disability and Use of Time supplement to the Panel Study of Income Dynamics, the longest running national panel study in the United States. Disability is construed broadly to include both the...

Duration-based measures of happiness from retrospectively constructed daily diaries are gaining in popularity in population-based studies of the hedonic experience. Yet experimental evidence suggests that perceptions of duration—how long an event lasts—are influenced by individuals’...