's individual budgets - pocket money. This unique data set allows for the specification of the simultaneous process of household …

idiosyncratic labor income risk. Ceteris paribus, an individual would prefer to marry a "hedge" (i.e., a spouse whose income is … to agents' income is early, then those who in fact married hedges (and for good reason) are the ones most likely to be … resolution of uncertainty to agents' income is predominantly later, then those who in fact marry hedges will in fact be less …

This paper uses a cost-of-time framework to link two seamingly unrelated trends. First, greater aggregate income … inequality has been accompanied by greater geographic income specialization. Second, compensation costs (relative to sales) of … income inequality should cause greater inequality in the time-saving conveniences offered by stores located in suburbs versus …

In normative public economics it is crucial to know how fast the marginal utility of income declines as income …, using a number of assumptions, we are able to estimate the elasticity of marginal utility with respect to income. We obtain …

Purpose – The objective of this paper is to evaluate the impact of remittance income on rural households in China … remittances and other types of income on consumption, production expenditures is evaluated. The econometric models used in this …

Does risk attitude (aversion or attraction) vary with the level of the income at risk? About half of our subjects chose …