Agar Brugiavini, Viola Angelini, Guglielmo Weber, 12 March 2012

In January the UK government launched an initiative to help the elderly downsize into smaller homes – and provoked the ire of pensioner groups nationwide. This reluctance to downsize to among the elderly perplexes economists, who maintain that leveraging housing wealth can help pensioners maintain a good standard of living on a fixed income. CEPR DP8889 investigates what is behind European pensioners’ puzzling housing decisions.

Andrew Clark, Ed Diener, Yannis Georgellis, Richard Lucas, 05 February 2008

Does time heal all wounds? Here is new evidence on how major events – good and bad – impact people’s long-run life satisfaction.

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