approach is the parameterisation of the information content regarding future income changes. In addition to the information … regarding time series properties of the historical development of labour income, consumers have also period-specific information … on future income realisations. Estimation results support the hypothesis that, although front-loaded, consumers have a …

fiscal policies can be seen in increased hours worked, income earned or labour force participation rates for women. For …

It is well known that both income and wealth are important determinants of house-holds’ economic well-being. Inequality … in economic well-being of households as measured by income or earnings is very well documented, and differences in income …