In this paper we look at the relationship between health and income as mediated by "lifestyle" choices; that is, a set … that there are substantial differences between the permanent and transitory income determinants - also in terms of the … direction of the effects. Moreover, we find that income effects often differ significantly in size and sometimes sign according …

This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is …

propensity to insure against independent marketable risks. We apply these predictions to the specific case of labor income risk … and car insurance using data from the UK. The main empirical results are: - higher labor income risk induces a higher … demand for car insurance. - the effects of increases in labor income risk after 1979 seem to be more than offset by a more …

This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During … income. Using representative panel data on urban households from the Russian Longitudinal Monitoring Survey, I find that a … household which experiences an exogenous shock of 10% of its total income changes both its food and total non …

We reassess the empirical effect of income and employment on self-reported well-being. Our analysis makes use of a … suggested by the theory of incomplete markets, we differentiate between the effects of persistent and transitory income shocks … is rather associated with a decline in happiness. -- incomplete markets ; happiness ; income persistence …

Tanzania. Using cross-reports on asset holdings, we construct measures of misperception of income among all pairs of households … over-evaluation or under-evaluation of income in our data, although there is a slight over-evaluation on the part of …

In the context of income dynamics, we investigate whether aspects of agents' superior information relative to the … econometrician cannot observe idiosyncratic shocks to both permanent and transitory components of income. In this case perceptions of … households. We find evidence of superior information consistent with standard income modelling. -- subjective expectation reports …

transfer payday, an anticipated and transitory income shock. We find that food consumption and food security do not change … higher than median transfer dependence. Conversely, health and employment shocks (unexpected and less transitory income …

Study of Income Dynamics (PSID), for which we assume that similar households (in terms of observed characteristics like age …