Financing Retirement
What can go wrong? Being in a couple complicates your decision-making. From an economist’s perspective, one advantage of marriage is the financial benefits. Marriage allows risk sharing between partners (e.g., one partner can work more if the other loses their job) and allows couples to take advantage of returns to scale (i.e., it’s cheaper to…
For most Americans, the vast majority of their wealth comes from their home, through paying down the mortgage and enjoying price appreciation. As a result, buying and selling a home are the most significant financial decisions that families face over their lifetimes. Much research has focused on the buying side of the exercise, primarily looking…
