Although many studies show that Korea's income mobility is declining, it is difficult to draw organized information … income mobility in Korea, this study categorizes the mobility concept using two dimensions: absolute vs. relative and within …-generation vs. between-generations. The normative validity is clearer for intergenerational income mobility than in the …

an estimate of the taxable income elasticity from the bunching pattern around a kink point. The bunching estimator has … identify the taxable income elasticity when the functional form of the distribution of preference heterogeneity is unknown. We … find that an observed distribution of taxable income around a kink point or over the whole budget set can be consistent …

restrictions that the theory imposes on the joint behavior of consumption and income growth, and combining realizations and …We review different empirical approaches that researchers have taken to estimate how consumption responds to income … changes. We critically evaluate the empirical evidence on the sensitivity of consumption to predicted income changes …

We estimate intergenerational elasticities (IGE) of housing consumption and income in the US. Using surnames to link … 1940 and 2015, we estimate a one-generation housing-consumption IGE of 0.73, higher than that of income at 0.52. Housing … consumption IGE is higher for White compared to Black Americans and higher in the Northeast, patterns that contrast with income …

The theory of compensating differentials has proven difficult to test with observational data: the consequences of …. Instead, we construct experimental, real-effort labor markets and offer an evaluation of the theory in a controlled setting … differentials are affected by worker mobility and therefore selection. Consistent with the theory, we find that riskier firms must …