The globalization of the economy has placed tremendous pressure on the modern family. Throughout the developed world, marriage rates are declining, birth and fertility rates are falling, real wages are flat or declining, and hours of family external labor supplied are rising. Finding a spouse...

Throughout the world, policy makers are concerned about the impact that population aging will have on the financial security of households and nations. Key questions include: (1) are the aging, and soon to be aged populations, adequately preparing for old age? and (2) how does financial...

The policy of sustainable development requires reductions in growth of human populations to promote environmental sustainability and economic development. The objective is to control environmental catastrophism and advance financial growth with population policies on a global scale to foster...

Most migration decisions are not made by isolated individuals but by families or entire households. However, international family migration remains an understudied field. This article provides an overview of the literature on gender and family dynamics as a path to understanding the family...

The climate system is indifferent as to the location of voluntary mitigation activities. Are people? Our artifactual online field experiment varies, for residents of a European Union member state, (1) whether the location of a real CO2 mitigation measure is made salient or not or (2) whether the...

We survey the theoretical and empirical literature on the law and economics of liability insurance. The canonical Shavell model predicts that, despite the presence of some ex ante moral hazard (care-reduction by insureds), liability insurance will generally raise welfare because its...

This paper provides a novel tax behavior explanation for investor home bias. Specifically, we show that investors are reluctant to hold foreign equity with a tax levied by a foreign tax collector. Starting point is the observation that willingness to pay taxes depends on the attributes of the...

Economic inequality in America continues to grow, taking on ever greater economic and political importance. The reasons for increasing inequality are complex and widely debated, as are potential policies to address it. This paper focuses on a vital but unrecognized part of the story: how the...

This paper studies the impact of the state-dependent risk of a government default on the correlation of the scal balance and current account. We use a small open economy model where nonlinear risk premia arise endogenously when the government operates close to its scal limit, i.e. the maximum...