half decades (1990-2014). We considered three main pillars of welfare - health, income & consumption, education - and we …

decomposing disposable income into labour, property and transfer income is essential for understanding and forecasting consumption …. Finally, substantial crosscountry heterogeneity in marginal propensities to consume out of income and wealth components calls …

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 …

- relative to older borrowers has played a major role in easing the debt repayment burden in the presence of large income shocks …. Notwithstanding historically low interest rates, we show that income shocks are the main factor contributing to mortgage repayment …

Does higher income cause democracy? Accounting for the dynamic nature and highpersistence of income and democracy, we … find a statistically significant positive relationbetween income and democracy for a postwar period sample of up to 150 …

from similar positions in the consumption distribution Blacks end up in lower percentiles than Whites. Education, income …

provided, allowing for measurement error that is correlated with income and wealth. Identification is derived from observing … increases in wealth inequality have passed through to consumption. Repeating this exercise in the Panel Study of Income Dynamics …

; Collateral ; Income risk ; Bankruptcy …