which treated households are told about either average income or debt of individuals like them to assess how peer effects …' incomes and debt levels. We find that individuals with exogenously higher perceived relative income become more opposed to …

"This paper studies empirically the relationship between trade policy and individual income risk faced by workers, and … three steps. First, longitudinal data on workers are used to estimate time-varying individual income risk parameters in … various manufacturing sectors. Second, the estimated income risk parameters and data on trade barriers are used to analyze the …

In spite of the important role of income expectations in economics, economists know little about how people actually … form these expectations. We use a unique data set that contains the explicit income expectations of medical students over a … 25-year time period to examine how students form income expectations. We examine whether students condition their …

This paper presents stochastic simulation results pertaining to the performance of nominal income targeting, here … existing studies of nominal income growth from a specified target rate. It attempts to improve on existing studies by …. The results suggest that nominal income targeting deserves serious consideration as a monetary policy strategy …

under the assumption that parental income is the main source of heterogeneity. We explicitly model the variability and …