investigate the empirical relation between three cointegrated variables: aggregate consumption, asset wealth, and labor income … in income or wealth have been realized. We argue here, however, that a statistical methodology different from that used …In a recent paper ("A Primer on the Economics and Time Series Econometrics of Wealth Effects," 2001), Davis and Palumbo …

per capita income. Using cross-country data on the prices of investment goods, we find that the model does fairly well in … quantitatively accounting for the observed dispersion in world income. For our baseline parameterization, the model generates thirty …-five-fold income gaps and six-fold productivity differences between the richest and poorest countries in our sample. …

We use a recent policy experiment in Rio de Janeiro, the installation of permanent police stations in low-income … statistics since the beginning of the program in late 2008. We also find that the extent of inequality among residential prices …

wealth. Our event study from a sample of 38l firms that adopted 486 antitakeover provisions in the 1984-1988 period indicates … a strongly negative effect on stockholder wealth, supporting the management entrenchment view of antitakeover provisions …

between aggregate consumer spending and changes in aggregate household wealth. While stock market gains have surely provided …