This paper assesses the quantitative importance of a number of sources of income risk for household welfare and … precautionary saving. To that end I construct a lifecycle consumption model in which household income is subject to shocks … associated with disability, health, unemployment, job changes, wages, work hours, and a residual component of household income. I …

There is a large literature showing that the self-employed underreport their income to tax authorities. In this paper …, we quantify the extent to which the self-employed also systematically underreport their income in U.S. household surveys …. To do so, we use the Engel curve describing the relationship between income and expenditures of wage and salary workers …

Trade of the OECD countries has grown faster than income during the postwar period. This paper tests a number of … different hypotheses for the observed growth in the trade/income ratio. For small open economies, increases in real output and …

This paper studies variation in individual labor income over time using a panel vector autoregression (PVAR) in income … variation in labor income is due to residual variation in the wage rate, work hours, and unemployment hours. I also explore the … their contribution to short-run and long-run income movements. The model is estimated on a sample of male household heads …

, or because preferences have become more similar with rising per capita income. …

explore what combination of the expenditure data and the income data seem to produce the most sensible data according to a few …