What role did household inequality play in the significant drop in consumption that occurred during the Great Recession? And how has it affected the pace of recovery? The share of borrowing-constrained households increased dramatically during the financial crisis and remained high at least until 2012.
Why are fewer people buying life insurance? If people in 2013 behaved the same way they did in 1989, life insurance ownership would have increased. Article analyzes changes in socioeconomic and demographic characteristics and diversity in life insurance ownership across education, income, and race/ethnic groups.
What is blockchain? This technology allows the creation of immutable records of transactions accessible by all participants in a peer-to-peer network without a trusted third party, such as a government agency or financial institution.
This article explores how, under the North American Free Trade Agreement (NAFTA), Mexico has become an integral part of North America’s motor vehicle industry. The authors track the dramatic increase in Mexico’s auto production and exports over the past 20-plus years and also explain which automakers make which types of vehicles across Mexico and where they are shipped.