A large body of microeconomic evidence supports Friedman (1957)'s proposition that household income can be reasonably … model of Krusell and Smith (1998) to accommodate such a microeconomic income process. Our incorporation of substantial … permanent income shocks helps our model to explain a substantial part of the large degree of empirical wealth heterogeneity that …

on how risk exposure and income are related to preferences for redistribution. To test our hypotheses, we extract …

This book explores causes and consequences of interfirm rivalry within the global insurance industry. Based on three …

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 …

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 …

The income gradient in political participation is a widely accepted stylized fact. This article asks how income effects … on political involvement unfold over time. Using nine panel datasets from six countries, it analyzes whether income … income has an independent influence. Irrespective of indicator, specification, and method (hybrid models, inclusion of lags …