We explore the issue of feminization of poverty among Black women despite their much improved labor market advantages relative to White women and Black men. Black women generally possess comparable human capital and positive work ethic attributes and characteristics, and face comparable...

This paper develops an accounting framework to consider the effect of deaths on the longitudinal analysis of income-related health inequalities. Ignoring deaths or using Inverse Probability Weights (IPWs) to re-weight the sample for mortality-related attrition can produce misleading results....

We develop an equilibrium search model of the housing market where sellers may become distressed as they are unable to sell. A unique steady state equilibrium exists where distressed sellers attempt liquidation sales by accepting prices that are substantially below fundamental values. During...

This paper proposes a new model generating city size distributions that asymptotically follow the log-normal distribution. The log-normal distribution is consistent with Zipf’s law in the top tail, which is known to hold for many countries in different periods. The key feature of our model is...

The US housing market exhibits seasonal boom and bust cycles where prices and the speed of trade (turnover rate) rise in summers and fall in winters. We present a search model that analytically generates the observed cycles. The proposed mechanism is based on swings in market thickness rather...

Recently, White (2007) analysed the international inequalities in ecological footprints per capita (EF hereafter) based on a two-factor decomposition of an index from the Atkinson family (Atkinson, 1970). Specifically, this paper evaluated the separate role of environment intensity (EF/GDP) and...

We present a model that generates empirically plausible price distributions in directed search equilibrium. There are many identical buyers and many identical capacity-constrained sellers who post prices. These prices can be renegotiated to some degree and the outcome depends on the number of...