'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 … mostly driven by the use of borrowed funds to undertake investments, and is stronger when individuals are more credit-constrained. …

relationships between income and wealth, house price inflation, differential savings, and income from wealth. … decomposed using data from two national sample surveys of the China Household Income Project (CHIP) relating to 2002 and 2013 …

theoretical prediction of a simple model, determines a much lower amount of savings and wealth accumulation and therefore a lower …