Does flexible pay increase the gender wage gap? To answer this question, we analyze the
wages of public school teachers in Wisconsin, where a 2011 reform allowed school districts …

Political identity and partisanship are salient features of today's society. Using deeds records
and voter rolls, we show that current residents are more likely to sell their homes when …

We document the existence of a racial gap in realized housing returns that is an order of
magnitude larger than disparities arising from housing costs alone, and is driven almost …

This paper provides an overview of the relationship between tax policy and gender equality,
covering labor, capital and wealth, as well as consumption taxes. It considers implicit and …

Finally, after a lengthy hiatus, the empirical facts of economic inequality need no
introduction. In a blaze of publicity during a decade or more, the re-polarization of income …

Previous research has shown that nonlocal household investors make suboptimal asset
selection and market timing decisions. However, in real estate markets, heterogeneity in …

Economic frictions pervade the founding, financing, growing, and exiting of high-growth
entrepreneurial firms. This article considers one friction that currently affects a small, but …

In 2013, the Dutch government mandated that new conforming mortgages must fully
amortize. Within a difference-in-differences design, we estimate that the marginal wealth …

We survey thousands of affluent American investors to examine the relationship between
personalities and investment decisions. The Big Five personality traits correlate with …

Real and private-value assets—defined here as the sum of real estate, infrastructure,
collectibles, and noncorporate business equity—compose an investment class worth an …