process using two data sets: the Panel Study of Income Dynamics and a large, synthetic, data set that matches the dynamics of …

of an agent's level of consumption depends on his legal income and initial level of wealth, as conspicuous consumption by …

This paper examines the influence of parental wealth and income on children's college attendance and parental financing … parents and children. We find that higher levels of parents' wealth and income increase the likelihood that children attend …

Business income is important in the upper tail of the personal income distribution, but the extent to which it is … captured by measures of personal income varies substantially across tax regimes. Using linked individual and firm data from … Norway, we are able to attribute business income to personal owners as it accrues rather than when it is realized. This …

used to improve the study and function of cities. We first show how Google Street View images can be used to predict income …

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 use the 1988 PSID to study the effects of income and wealth on transfers of money and time between individuals and … transfers are only weakly related to income differences. Richer siblings give more to parents and receive less. Among parents … in the cross section or in the analysis using siblings that parental income or wealth raises time transfers from children …

This paper proposes and studies a theory of adaptive consumption behavior under income uncertainty and liquidity …