Efforts to reconcile inconsistencies between theory and estimates of the income elasticity of the value of a … how exogenous income shocks, such as unexpected medical expenditures, may affect labor supply decisions which in turn …

We review different empirical approaches that researchers have taken to estimate how consumption responds to income … changes. We critically evaluate the empirical evidence on the sensitivity of consumption to predicted income changes …, distinguishing between the traditional excess sensitivity tests, and the effect of predicted income increases and income declines. We …

-migrants. Our estimates show that international migration flows are highly responsive to income per capita at destination. This …

Income Tax Credit. Using tax-reform induced variation in the federal EITC, we examine the impact of the credit on infant … health outcomes. We find that increased EITC income reduces the incidence of low birth weight and increases mean birth weight …. For single low education (<= 12 years) mothers, a policy-induced treatment on the treated increase of $1000 in EITC income …

between health resources and income (taken as a proxy for productivity). In particular we determine the efficient level of the … get the same health care. Quantitatively, we find that the amount of inequality across the income distribution in the data … from about 2 (at age 25) to 1 at retirement. We find larger inefficiencies in the lower part of the income distribution and …

participation, and income. Cohorts born closer to Medicaid implementation and in states with higher pre-existing welfare … later. Total income does not change because earnings replace disability benefits. The government earns a discounted annual …

environment and to liability pressures. Regression analysis finds that liability pressure increases reports of income and practice … reductions, but direct effects on actual income and productivity are less clear. Liability pressures may lead to a specialization …

OECD countries 1992-2007. We focus on risk sharing through savings, factor income flows, and capital gains. Risk sharing … through factor income and capital gains was close to zero before 1999 but has increased since then. Risk sharing from capital … gains, at about 6 percent, is higher than risk sharing from factor income flows for European Union countries and OECD …