Recent research indicates that the marked increase in U.S. income inequality over the last twenty-five years has not … to the labor literature estimates that put households' average annual transitory income variance at about $2,200. Our … calculations show a significant elasticity of maintenance and repair expenditures to transitory income shocks. The elasticities are …

income, relative income (i.e. how individual income compares to those of peers), individual health, and relative health … countries. In contrast, individual and relative income matter in some countries, such as the US, and not in others, for example … targeting income. …