We develop a simple equilibrium model of rental markets for housing in which eviction occurs endogenously. Both landlords and renters lack commitment; a landlord evicts a delinquent tenant if they do not expect total future rent payments to cover costs, while tenants cannot commit to paying more...

Since 1980, the earnings share of older workers has risen in the United States. At the same time, labor's share of income has declined significantly. We hypothesize that an aging workforce has contributed to the decline in labor's share of income. We formalize this hypothesis in an on-the-job...

This paper examines the effects of stock market access, and in particular trading hours, on retail investment performance. We find that plausibly exogenous increases in trading hours are associated with meaningful declines in retail investors’ capital gains, as reported on tax returns for the...