This paper studies how individuals "believe" human capital investments will affect their future career and family life … and family expectations help explain human capital choices …

of emigration as well as immigration. We focus on Europe and compare the outcomes for large Western European countries … inequality because of emigration. Whereas, contrary to the popular belief, immigration had nearly equal but opposite effects … the wage effect of emigration, instead …

people reported mostly donating the grant or using it to help family or friends as reported saving it (10-18 percent), with …

of consumption insurance against shocks to male and female wages, as estimated empirically by Blundell, Pistaferri and … consumption, compared to the empirical estimates of 32% and 19%. Most of the consumption insurance against permanent male wage …

others is beneficial solely because the costs of household public goods can be shared. In other words, we abstract from intra-family … size, consumption patterns, and income in the cross-section at the end of the 20th century. We then project the model back …

In this paper we first document inequality trends in wages, hours worked, earnings, consumption, and wealth for Germany …, especially after about 1998. Disposable income and consumption, on the other hand, display only a modest increase in inequality … over the same period. These trends occured against the backdrop of lower trend growth of earnings, incomes and consumption …

distribution of household consumption. The analysis integrates the labor economics literature on time variation in the wage … structure with the consumption insurance literature. In contrast to previous tests of consumption insurance, we examine the … longitudinal data with high quality information on both consumption and labor market outcomes, we draw upon the best available …