This paper studies the impact of mortgages on consumer debt and on debt on durable goods. We first present a stylized model in which an outstanding debt, representing mortgages, affects positively consumer debt, and debt on durable goods. The model is empirically tested for the U.S. using PSID 2005 wave. Our results are striking. […]

[…] and country-specific household panel data sets, as well as administrative data, to test whether disability benefit claims rise when unemployment is higher, and also to investigate the impact of unemployment rates on flows on and off the benefit rolls. We find strong evidence that local variations in unemployment have an important explanatory role for […]

[…] hierarchy. This study started with the conceptual distinction between two types of health selection studies. Type I health selection study (the presence of health selection) examines the impact of poor health on the subsequent social mobility. On the contrary, type II study (the contribution of health selection to social inequalities in health) examines whether […]

This paper provides a framework for analyzing the impact of a change in property division law – a natural experiment that affects spouses’ bargaining power in a discrete manner – on household decision making. I focus on the House of Lords decision of 2000 (White v. White), which led to a more equitable division […]

The analysis in this paper focuses on the impact of health on the savings and consumption decisions of the elderly. In principle, there are at least five alternative channels through which health may affect consumption and savings. Ill health may affect both consumption capacities and needs while the risk of deteriorating health might increase […]

This paper uses the ‘Jamie Oliver Feed Me Better’ campaign to evaluate the impact of healthy school meals on educational outcomes. The campaign introduced drastic changes in the meals offered in the schools of one Borough, shifting from low-budget processed meals towards healthier options. We evaluate the effect of the campaign on educational outcomes […]

[…] person’s life partner dies there are often many changes in financial and economic arrangements for the bereaved member of the couple. Much research has explored the psychological impact of death of a partner, but little is known about the financial implications, especially for people bereaved under pension age. This study investigated the financial and […]

[…] for the independent review of variable tuition fees in higher education in England that will begin this year. This new report which is based on work that CRA International has undertaken over the past few months, extends our work in a new direction by exploring the impact of a possible increase in the fee cap.