with sustaining well-being over time. The framework focuses on whether a comprehensive measure of wealth - one that … exception of Venezuela, significant increases in human capital enable comprehensive wealth to be maintained (and sustainability … per-capita comprehensive wealth …

well as on their wealth, health, and life satisfaction. Event study analysis suggests that boomerang children return home … there any evidence that they affect parents' wealth, health, or life satisfaction … due to short-term instabilities, such as negative shocks to marriage, income, and employment. We find that boomerang …

Using panel data for a sample of households in Utah from 1850 to 1900 we find income and wealth age profiles that are … a relationship between age-income and age-wealth profiles that is consistent with a life-cycle model of consumption … given a concave and peaked age-income profile: households accumulate and then begin to draw down wealth holdings, the age-wealth …

Income volatility and wealth volatility are central objects of investigation for the literature on income and wealth … U.S. over the last two decades. Contrary to our expectations, we find that in both countries wealth volatility reaches … significantly higher values than income volatility, the effect being mostly driven by changes in the market value of real estate …

This paper examines the influence of parental wealth and income on children's college attendance and parental financing … parents and children. We find that higher levels of parents' wealth and income increase the likelihood that children attend … college with financial support relative to not attending college, and that parental wealth increases the likelihood that …

This paper proposes and studies a theory of adaptive consumption behavior under income uncertainty and liquidity … constraints. We assume that consumption is governed by a linear function of wealth, whose coefficients are revised each period by …

of an agent's level of consumption depends on his legal income and initial level of wealth, as conspicuous consumption by … consumption monitoring and wealth is observed, the effect of higher wealth on equilibrium bribes is ambiguous (and that the …

used to assess economic well-being and poverty rates. Yet, because households can use wealth to consume more than income … consumption is rarely measured because its collection requires a great deal of survey time. As a result income has been widely …, an income-based measure of well-being could yield misleading results for many households, especially at older ages. We …

This article studies the optimal use of fines and imprisonment when an offender's level of wealth is private … information that cannot be observed by the enforcement authority. In a model in which there are two levels of wealth, I derive the … optimal alternative imprisonment sentence is sufficiently high that high-wealth individuals prefer to pay a fine exceeding the …

We use the 1988 PSID to study the effects of income and wealth on transfers of money and time between individuals and … in the cross section or in the analysis using siblings that parental income or wealth raises time transfers from children … transfers are only weakly related to income differences. Richer siblings give more to parents and receive less. Among parents …