We conduct an empirical investigation to examine how income shocks and aggregate conditions influence income … detailed information on household income expectations. Our results show that income shocks, much more than aggregate conditions …, induce a revision in income expectations across the entire spectrum of the income distribution. This expectation revision is …

existing mean-based tests. Beliefs about future income are found to become more accurate as students progress through school …

existing mean-based tests. Beliefs about future income are found to become more accurate as students progress through school …

This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. In a … lab experiment, participants can purchase goods by borrowing against their future income. We exogenously manipulate income … expectations by letting income depend on relative performance in hard and easy quiz tasks. We successfully generate biased income …

This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. We …, participants can purchase goods by borrowing against their future income. We exogenously manipulate overconfidence about income … expectations by letting income depend on relative performance in hard and easy quiz tasks. In the main experiment, we successfully …

consists of auditing alow-income declarer with a probability that (weakly) increases with theother taxpayersamp …

We provide a critique of the methods that have been used to derive measures of income risk and draw attention to the … importance of demographic factors as a source of income risk. We also propose new measures of the contribution to total income …