We develop a new approach to the decomposition of income risk within a non- stationary model of intertemporal choice … of persistent and transitory components in the dynamic process for income. We fo- cus on what can be learned from … environment is used to show the robustness of the method for decomposing income risk. The approach is used to investigate the …

Intergenerational persistence estimates are susceptible to several well-documented biases arising from income … measurement, and it has become standard practice to construct income measures to mitigate these. However, remaining bias can lead … literature. We show with theory and simulations that even using a 30-year income average can result in a small positive spurious …

Global merchandise trade expanded rapidly over the last 6 1/2 decades and its relationship with global income has seen … exports and income. The paper estimates trade and income elasticities using ADL models taking account of structural breaks … and income are in a 'new normal' or only 'back to (an old) normal' after the GTC and GFC …

We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The … approach allows for changes in income risk over the life-cycle and with the business cycle. It requires only repeated cross …-section data and can allow for mixtures of persistent and transitory components in the dynamic process for income. Evidence from a …

price and income for both the short and long runs in Senegal. This is why researcher like Moosa posits that "this assertion …-term elasticities of demand with respect to gasoline prices and income are of paramount interest in this study. In Senegal, rising food … understand the external shocks of world oil price and demand for gasoline in Senegal, this study tested a log linear model …

The literature that tests for U-shaped relationships using panel data, such as those between pollution and income or … subjective choices due to a lack of identification. We apply our methodology to the pollution-income relationship of both CO2 …- and SO2-emissions. Interestingly, our approach yields estimates of both income (scale) and time (composition and …

The literature that tests for U-shaped relationships using panel data, such as those between pollution and income or … subjective choices due to a lack of identification. We apply our methodology to the pollution-income relationship of both CO2 …- and SO2-emissions. Interestingly, our approach yields estimates of both income (scale) and time (composition and …