This paper provides an empirical analysis of individual earnings using data from the personal income survey Encuesta Suplementaria de Ingresos. We find that the predictable component of income is humpshaped over the life-cycle, and that there are strong effects from education. The unpredictable...

In this paper we empirically study bank-client relationships using a sample of Chilean manufacturing firms. We examine whether concentration and the duration of bank-client relationships affect the volume of bank lending. Our results indicate that lower concentration, measured by the number of...