's economic position relative to a reference group. Using merged data on race and state level income, we demonstrate that a key … prediction of our model -- that visible consumption should be declining in mean reference group income -- is strongly borne out … in the data separately for each racial group. Moreover, we show that accounting for differences in reference group income …

: consumer surplus from a hospital demand system and the fraction of population hospital admissions that would be covered by the … consumer willingness-to-pay for network breadth, which varies by age. 60-year-olds value the broadest network approximately …

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 …

There are many possible pathways between parental education, income, and health, and between child health and education … status (as measured by education, income, occupation, or in some cases area of residence) and child health, and between child … health and adult education or income. Specifically, I ask two questions: What is the evidence regarding whether parental …

are in much worse health than those at the top. This health gradient exists whether education, income, or financial wealth …. Finally, feedbacks from new health events to household income are one of the reasons that underlie the strength of the income …

In this paper we investigate the effect of relative income on marital status. We develop an identity model based on … hypothesize that the quot;marriage idealquot; is determined by the median income in an individual's local reference group. After … controlling flexibly for the absolute level of income and a number of other factors, the ratio between a man's income and the …