innumeracy decline with income and explain 43 percent of lottery spending. In our model, current multi-state lottery designs … increase welfare but may harm heavy-spending low-income people …

responses among higher-income individuals. Resources generate persistent increases in marriage for single men and women but do …

Income volatility and wealth volatility are central objects of investigation for the literature on income and wealth … significantly higher values than income volatility, the effect being mostly driven by changes in the market value of real estate …

We analyze temporal trends in cultural distance between groups in the US defined by income, education, gender, race … political ideology and income have increased over the last four decades. Whites and non-whites have converged somewhat on …

We study the sources of racial and ethnic disparities in income using de-identified longitudinal data covering nearly … disparities varies substantially across racial groups. For example, Hispanic Americans are moving up significantly in the income … distribution across generations because they have relatively high rates of intergenerational income mobility. In contrast, black …

Current Population Survey, the Panel Study of Income Dynamics, the Consumer Expenditure Survey, and the Survey of Consumer … earnings, to disposable income, and, ultimately, to consumption and wealth. We document a continuous and sizable increase in … before 1982, but mitigate its increase thereafter. Taxes and transfers compress the level of income inequality, especially at …

-family relations and focus on households as collections of roommates. The model's mechanism is that rising income leads to a falling … size, consumption patterns, and income in the cross-section at the end of the 20th century. We then project the model back … to 1850 by changing income. We find that our proposed mechanism can account for 37 percent of the decline in the number …