’ liquidity constraints. We also demonstrate that increasing the rate of inflation can be welfare improving when credit rationing …

Agent-Based Model with Capital and Credit (hereafter CC-MABM). The novelty of this model with respect to the previous …

-being on health use identification strategies involving income increases; these studies as well as prior research on stock …

. In US election survey data, we find that income is more important in affecting voting behavior for more informed voters … strong correlation between income and political information, Congress representatives vote more conservatively, which is also …

attention in the literature on optimal income taxation. This paper offers a simple and transparent analysis of its main …

We investigate the evolution of global welfare in two dimensions: income per capita and life expectancy. First, we … estimate the marginal distributions of income and life expectancy separately. More importantly, in contrast to previous … univariate approaches, we consider income and life expectancy jointly and estimate their bivariate global distribution for 137 …

The question of whether there is a connection between income and psychological well-being is a long-studied issue … higher levels of income later in life. We focus on earnings approximately one decade after the person’s well-being is … happiness. We consider how psychological well-being may influence income. Sobel-Goodman mediation tests reveal direct and …

How much retirement income is needed in order to maintain one’s living standard at old age? As it is difficult to find … replacement rate vis-à-vis income in the pre-retirement period. We subject indications regarding satisfaction with current income …