's credit decisions affect their future income. We use the bank's cutoff rule, which is based on the applicants' credit scores … acceptance increases recipients' income five years later by more than 10 percent compared to denied applicants. This effect is …

the relationship between income inequality, bank credit, and financial stability. We analyze the relationship between … income inequality and bank credit in panel cointegration framework and find that they have a long-run dependency relationship …. Results show that income inequality has contributed to the increase of bank credit in developed economies after the Second …

This paper points to flaws in Gini decompositions by income sources and population subgroups and to common pitfalls in … this framework Gini elasticities may provide the only meaningful way to examine the relevance of income sources or … population subgroups for total income inequality. Moreover, we show that existing methods are unsuitable to decompose the trend …

the same individuals through time, implying that income mobility in Canada is very high. It suggests the need for a … serious re-examination of the conventional conclusions about the fairness of the income distribution that are based on surveys …

The dispersion of individual returns to experience, often referred to as heterogeneity of income profiles (HIP), is a … key parameter in empirical human capital models, in studies of life-cycle income inequality, and in heterogeneous agent …

We develop a general equilibrium model of earnings, income and wealth heterogeneity in continuous time. We extend … interest rates provide a mechanism to link earnings, income and wealth distributions. We use this connection to demonstrate …

, which declines with the level of permanent income. Additionally, we find that the idiosyncratic earnings risk of individuals … at the bottom of the permanent income distribution is less sensitive to aggregate growth than that of individuals in the …

measures that aim to avoid credit overexpansion are two policies that can improve the links of private debt with labour income …

The present study investigates the role of proximity in shaping social income static and dynamic comparisons and their …-2017), the study examines how individuals compare their income trajectories with those of their peers, considering varying … significant income gap with richer individuals. However, when dynamic comparisons are introduced, individuals experience an …