The patrons of Raphael, among the most powerful men in Europe, paid far more for his paintings than they did for those by most of his…
While the GDP was intended by its originators as a measure of production, the absence of a measure of welfare in the national accounts has…
The US economy is doing well. But the next recession – and there is always another recession – could be very bad. The US Bureau of Economic…
We report three findings. First, using evidence from chain bankruptcies and data on 12 million to 18 million establishments per year, we…
We studied the effect of automatic enrollment on savings plan loans and withdrawals and their implications for the evolution of retirement…
This chapter provides an overview of household finance. The first part summarizes key facts regarding household financial behavior,…
My testimony makes five points about market concentration, all drawing from data and experience in the United States but in many cases…
Joseph Stiglitz is one of the world’s greatest economists. He has made fundamental contributions to economic theory in areas such as…
Income growth for typical American families has slowed dramatically since 1973. Slower productivity growth and an increase in income…
Scholars, practitioners, and pundits often leave their assessments of uncertainty vague when debating foreign policy, arguing that clearer…