We argue that a country’s level of wealth inequality can be viewed as a reflection of the quality of its housing rental market. Using the ECB’s Household Finance and Consump- tion Survey (HFCS), we document that the aggregate homeownership rate and various measures of wealth inequality are negatively correlated across...
The first chapter of this dissertation develops a two-stage inference method for structural parameters in the linear instrumental variables model. In the first stage, a new statistic is used to detect whether the correlation between the structural error and the reduced form error is small. In the second stage, a...
I study several aspects of a game-theoretic model of persuasion. A speaker attempts to persuade a listener to take an action which is highly ranked by the speaker. The listener knows the speaker's preference but is uncertain about what the speaker can say. The listener can commit to a persuasion...