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

We study quot;habituationquot; to income and to status using individual panel data on the happiness of 7,812 people … income and status and compare the long run effects. We can (cannot) reject the hypothesis of no adaptation to income (status …) during the four years following an income (status) change. In the short-run (current year) a one standard deviation increase …

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 …

We test for whether, once "basic needs" are satisfied, there is happiness adaptation to further gains in income using … of European countries from 1975-2002, shows different patterns of adaptation to income across the rich and poor. We find … evidence that for wealthy Germans, and for the rich half of European nations, higher levels of per capita income don't buy …

The economics workings of the corporate income tax remain controversial. Harberger's seminal 1962 article viewed the … triggers the firm's classification as a corporation subject to income taxation. But going public has an upside. It permits …

income tax produces rapid and dramatic increases in the model's level of U.S. investment, output, and real wages, making the …

This year marks the twenty-fifth anniversary of Arnold Harberger's celebrated model of the corporation income tax … understanding the incidence and excess burden of the corporate income tax remains in question. One difficulty confronting all …

The 1986 Tax Reform Act, while having little effect on the overall effective tax rate on U.S. capital income, did … redistribution of income associated with the Tax Reform. We find that the 1986 Tax Reform law reduces excess burden by .85 percent of …

An important deficiency in Harberger's (1962) model of corporate income taxation is its inability to consider both … corporation income tax. The model has two key characteristics. First, corporate and noncorporate firms produce (with identical … much larger excess burden from corporate income taxation. The incidence of the corporate tax can also differ dramatically …