Time poverty is a key yet conceptually contested dimension of household living standards. Both univariate and bivariate measures remain debated because there is no clear consensus on how to define and quantify socially necessary unpaid work, the time that money cannot substitute for, across...

I study how the cognitive demands of financial planning shape household decisionmaking with respect to consumption out of windfall income shocks. I build a quantitative model of bounded rationality in which reoptimization is costly. Households respond to windfall income shocks by choosing a...

We test whether forecast bias affects individual investors' stock trading by combining bias measures from laboratory experiments with administrative trade data. Forecast bias is positively associated with past excess returns of purchased stocks: Compared to contrarians, extrapolators purchase...

In this article, we compare adoption preferences for three important clean energy technologies-rooftop solar PV, heat pumps and electric vehicles using primary data from a nationally representative household survey in Ireland. The survey questionnaire explored a wide range of techno-economic,...

Exposure to extreme weather events and other adverse shocks has led to an increasing number of humanitarian crises in developing countries in recent years. These events cause acute suffering and compromise future welfare by adversely impacting human capital formation among vulnerable...

Climate shocks increase poverty and reduce development gains and productive investments, in part because vulnerable households have poor financial resilience, are often not covered by public safety nets, and therefore have little ability to cushion the impacts of shocks. Globally, nearly one in...

This paper analyzes the welfare impacts of import bans in Nigeria, and how these are shaped by evasion. Bans were not effectively enforced, and contributed to informal trade. The imposition of bans nonetheless increased consumer prices by 5.8% on average. However, price increases are...

Floods are becoming more frequent and severe due to climate change, population growth, and land cover changes. In Paraguay, floods are the most common weather-related hazard and disproportionately impact poor and vulnerable populations. This study contributes to understanding household-level...

We study the spillover effects of cognitive decline in one member of a coupled household on the financial outcomes of their partner and assess how "own" and spillover effects are moderated by the structure of household financial decision-making. We use a large, nationally representative...

In many developing nations, modern energy sources are seen not only as cleaner and more efficient than traditional fuels, but also as important for achieving socio-economic development. Hence, from an energy policy perspective, households should switch to using modern energy sources. However,...

Dynamic pricing strategy is a well-known method for utility pricing used in many parts of the world and is rapidly growing in trend due to its ability to adjust utility pricing to the utmost real-time calculations. One such method is what we call Time-of-Use (TOU), a strategy that adjusted...

This paper introduces a novel TV news index specifically designed to track coverage of rising inflation across major US TV channels: ABC, CBS, CNN, and Fox News. The index is generated daily and aggregated into a monthly measure. Using this index, we analyze the impact of TV news on inflation...

This study examines the long-term effects of higher national debt in South Korea on asset distribution. Using an overlapping generations general equilibrium model, we focus on two key channels: rising interest rates and falling wage rates, both driven by the crowding-out effect of capital....