This paper investigates whether information constraints — rather than fully forward-looking choices — contribute to mothers' reduced labor supply after childbirth, a key driver of gender inequality. …
PublishedAmerican Economic ReviewOnline 1 May 2026Published May 2026
Can income tax schedules be justified as utilitarian-optimal without adopting extreme normative assumptions about how household welfare should be measured? The paper proposes a welfare criterion …
PublishedAmerican Economic ReviewOnline 1 May 2026Published May 2026
Why have immigrant-native wage gaps widened substantially across arrival cohorts in the United States since the 1960s, and why has the speed of wage convergence slowed? The paper argues that the …
This review organizes the quantitative macroeconomics literature on household heterogeneity around the "standard incomplete markets" model, asking what sources of individual risk matter most, what …