Many studies find that households increase their consumption after the receipt of expected income payments, a result … inconsistent with the life-cycle/permanent income hypothesis. Consumption can increase adverse health events, such as traffic … accidents, heart attacks and strokes. In this paper, we examine the short-term mortality consequences of income receipt. We find …

Despite the large increase in U.S. income inequality, consumption for families at the 25th and 50th percentiles of … income has grown steadily over the time period 1960-2015. The number of cars per household with below median income has … finding of zero growth in American real wages since the 1970s is driven in part by the choice of the CPI-U as the price …

simple model of income maximization can account for both phenomena. Results on selection show that migrants for a source …

We document new facts about risk in male wages and earnings, household earnings, and pre- and post-tax income in the … of the working life, and for those in the lower and upper parts of the income distribution. Hours are the main driver of … added-worker effects, the presence of spousal earnings reduces the variability of household income compared to that of male …

We discuss recent developments in the literature that studies how the dynamics of earnings and wages affect consumption … choices over the life cycle. We start by analyzing the theoretical impact of income changes on consumption - highlighting the … contributions, distinguishing between papers that use only income data and those that use both income and consumption data. The …

initial wages, low initial tenure, low attachment to the labor force, and those employed at large firms with low wage levels …

evidence of a small to moderate assimilation effect that suggests that immigrants make up for relatively low entry wages …

earnings shocks and find important asymmetries: positive shocks to high-income individuals are quite transitory, whereas … negative shocks are very persistent; the opposite is true for low-income individuals. Finally, we use these rich sets of …