-good framework, a quasi-luxury is de ned as a good whose marginal rate of substitution is increasing in wealth. Under certain …-necessities when they expect to be happier (unhappier) in the future. The preference for quasi-luxuries promotes optimal wealth …

wealth income ratio (WIR) and on the distribution of wealth (WD), in the life cycle (LC) "egalitarian" model. We depart from …

-good framework, a quasi-luxury is de ned as a good whose marginal rate of substitution is increasing in wealth. Under certain …-necessities when they expect to be happier (unhappier) in the future. The preference for quasi-luxuries promotes optimal wealth …

studies work with static (cross-sectional) data. To reduce this shortcoming, we use longitudinal data from Australia (HILDA …) that tracks the same individuals over time to assess how individuals from different income and wealth groups respond to … life and financial shocks with respect to volunteering. Although both income and wealth can act as buffers against life …

studies work with static (cross-sectional) data. To reduce this shortcoming, we use longitudinal data from Australia (HILDA …) that tracks the same individuals over time to assess how individuals from different income and wealth groups respond to … life and financial shocks with respect to volunteering. Although both income and wealth can act as buffers against life …