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,…
In times of unfettered international threats, the wise advice of Thomas Schelling deserves attention. Tom prized communication. He stressed…
Market measures suggest banks are as risky as they were in the pre-crisis period. This appears attributable to a decrease in bank franchise…
US President Donald Trump’s aggressive approach to trade, which was on stark display at last week’s G7 summit in Quebec, has elicited…
My testimony makes five points about market concentration, all drawing from data and experience in the United States but in many cases…
Secular stagnation theory has developed substantially recently and offers substantial insights that policymakers have yet to fully…
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…