ultimately replaced in what follows. The formal point of reference is "the integrated approach to credit, money, income … Theory ; Income ; Profit ; Distributed Profit ; Money ; Flow ; Residual ; Transaction Matrix ; General Complementarity … that the accounting approach could do even better, provided it frees itself from theoretically ill-founded notions like GDP …

age of 30 and who have higher income. We also provide evidence of a positive selection into parenthood, whereby happier …

In normative public economics it is crucial to know how fast the marginal utility of income declines as income …, using a number of assumptions, we are able to estimate the elasticity of marginal utility with respect to income. We obtain …

We use British panel data to determine the exogenous impact of income on a number of individual health outcomes … allow us to make causal statements regarding the effect of income on health, as the amount won by winners is largely … exogenous. Positive income shocks have no significant effect on general health, but a large positive effect on mental health …

This paper estimates the extent of intergenerational income mobility in Japan among sons and daughters born between … Japanese Social Stratification and Mobility (SSM) surveys, collected between 1965 and 2005. Father's income is predicted on the … intergenerational income elasticity (IGE) for both sons and daughters, in Japan lies around .35, which is an intermediate value, by …

In this paper we examine the concept of "vulnerability" (Townsend 1994) within thecontext of income mobility of the … have the greatest impact on consumption, incomparison to shocks to the income stream. Quantile-specific estimates … income stream. The estimates are foundto be robust to household composition and year-specific shocks.[...] …

-seeking preferences justify heavier taxation of income because this serves to internalise the negative externality that the pursuit of … status imposes on others. In a model where status depends on both income and effort, we show that the optimal corrective tax … function in such a model, and discuss potential implications for optimal income taxation. …

One of the famous questions in social science is whether money makes people happy. We offer new evidence by using … measured improvement in mental wellbeing is 1.4 GHQ points. -- psychological health ; happiness ; GHQ ; income …

We use British panel data to determine the exogenous impact of income on a number of individual health outcomes … allow us to make causal statements regarding the effect of income on health, as the amount won by winners is largely … exogenous. Positive income shocks have no significant effect on general health, but a large positive effect on mental health …