the age of 50 by parental income for men. However, the longevity gains of men from low-income families seem to have come … at the cost of increased mortality among men who grew up in high-income families. This raises questions about the welfare …

influence of religion on income. The violation of the homogeneity assumption would have two consequences. First, results based … countries. We estimate simultaneously an income and a religion equation to correct for the endogeneity of religiosity. We find … that estimation outcomes are different between low and high-income countries. Whereas church membership is found to have a …

after controlling for realized earnings, wealth and time-invariant unobserved characteristics such as permanent income and …

We investigate whether US households possess advance information about their future income and what this means for … requires only panel data on consumption and income. Using the Panel Study of Income Dynamics, we find-in contrast to the … incomplete markets model and find that advance information reduces households' income forecast errors by 15%. Our estimation …

generates a higher income, but only for entrepreneurs: This finding supports Lazear's Jack-of-all-Trades theory. …

Using detailed micro-data, this paper documents that households with lower income risk (and higher income levels …) exhibit a higher Marginal Propensity to Consume (MPC) in response to transitory income shocks, all else being equal. This … designed to account for the empirically observed negative correlation between income levels and income risk. This interaction …