We examine whether income and unemployment risks are compensated by individual wages. Using a portfolio approach we … show that the marginal income risk effect on wages is always positive whereas the marginal unemployment risk effect … crucially depends on the income risk. The interaction effect between both risk measures is negative. Using administrative panel …

migration and trade and their effects on unemployment (chapter 5), and the dynamics of democracy and income chapter 6). …

wage risks and shows the risk of old-age poverty in Germany. After a short introduction, the effects of income and … also a negative interaction effect. The marginal effect of the income risk is positive. However, the marginal effect of the …

the income-pollution pattern observed in the real world. Low levels of income involve high values of discount rate, that …-shaped income-pollution pattern, making use of an argument that has never yet been introduced in the economic debate on this issue. …

Consumption and income have both grown rapidly in Taiwan over the past forty years, with younger birth cohorts … predictions of the Permanent Income Hypothesis. We investigate the extent to which consumption theory can account for this trend …

health status. The paper presents estimates of the equivalent income change that would be necessary to change general … satisfaction with life to the same extent as a change in health satisfaction would do. In other words, we estimate the income … income equivalent for various diseases. This method uses answers to well-being and health satisfaction questions as posed in …