This paper proposes a simple non-parametric framework to calculate income elasticities from a data set of observed …). The framework is used to calculate income elasticities for food and non-alcoholic drinks from a rich panel of household …

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 …

This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is …

This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is …

This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, and we cannot reject the hypothesis full insurance …

In the context of income dynamics, we investigate whether aspects of agents' superior information relative to the … econometrician cannot observe idiosyncratic shocks to both permanent and transitory components of income. In this case perceptions of … households. We find evidence of superior information consistent with standard income modelling. -- subjective expectation reports …

We measure the extent of consumption insurance to income shocks accounting for high-order moments of the income … income shocks. Using PSID data, we estimate an asymmetric pass-through of bad versus good permanent shocks – 17% of a 3σ … income risk matters substantially for consumption …

We study the cause-effects of status-seeking options to the possibility of earning environmental income if the … for environmental amenities that means to earn environmental income if people want to follow others in a proportional … status-seeking income effects which ultimately determine the quality of environmental conservation. Survey statistics reflect …

We propose a novel approach to estimate household income uncertainty at various future horizons, and characterize how … the estimated uncertainty evolves over the life cycle. We measure income uncertainty as the variance of linear forecast … errors conditional on information available to households prior to observing the realized income. This is a semiparametric …