Austria and show that the average treatment effect of information on perceptions is mostly driven by higher income individuals … perceptions of intergenerational mobility change along the income distribution. Empirically, we conduct a survey experiment in … while low-income respondents hardly react. We replicate this result for the United States and Germany using data from two …

We provide the first estimates of intergenerational income mobility for a developing country, namely Brazil. We measure … formal income from tax and employment registries, and we train machine learning models on census and survey data to predict … informal income. The data reveal a much higher degree of persistence than previous estimates available for developed economies …

in unearned income, we exploit a policy reform that lowered survivor pensions in Austria. Men widowed after the survivor …We study the effect of lower unearned income on labor supply. To identify the causal effect of an unexpected reduction … to a labor supply elasticity at the extensive margin with respect to the changes in total income of about –0.9 to –1.3 …

proportion of income) also decline by almost the same amount, suggesting shared understanding that is characteristic of social …

-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display … similar flattening. Employing a lifecycle model we show changes in income are sufficient to match the movements in consumption …

1996-2007, we show that firms with higher export intensity exhibit a lower volatility of skilled labor demand relative to … the volatility of unskilled labor demand. Our identification strategy is based on an instrumental variable approach to … provide evidence on the causal effect of the export performance of the firm on the volatility of employment of different …

This paper compares volatility forecasts for the RTS Index (the main index for the Russian stock market) generated by … alternative models, specifically option-implied volatility forecasts based on the Black-Scholes model, ARCH/GARCH-type model … information content). Various forecasting performance tests are carried out which suggest that both implied volatility and …

, and (iii) employment protection – shape fiscal multipliers and output volatility. Our theoretical model highlights that … more stringent labor market institutions attenuate both fiscal spending multipliers and macroeconomic volatility. This is …