variations in the income elasticity of demand across goods played an important role in initial approaches, recent models stress …

differential trends in labor and capital income shares across sectors in the U.S. and in a broad set of other industrialized … both the evolution of sectoral factor income shares and the shape of structural change. We evaluate the empirical … sectoral and aggregate factor income shares, but also for the shape of structural change. Differences in capital intensity and …

Although lower income is associated with overweight (and obesity), such an association is explained by a number of … other confounding effects such as omitted variables (e.g., time preferences) explaining that income effect on overweight. We … study the effect of unearned income shocks resulting from a lottery win (windfall income) on both overweight (alongside …

his lifetime income and the lifetime income of his reference group; hence the paper offers a permanent income version of … the Duesenberry's relative income hypothesis. Across households the saving ratio increases with income while aggregate … saving is independent of the income distribution. Positional concerns lead agents to over-consume, over-work and under …

domain that depart from the income domain, and discusses its implementation in health system priority-setting decisions. We … estimates from the literature are unclear. Unlike the income-inequality literature, standard approaches in the health …-economics do not follow a "veil-of-ignorance" approach and elicit mostly bivariate (income-related health) inequality aversion …

We study the determinants of individual aversion to health and income inequality in three European countries and the … effects of exposure to COVID-19 including the effect employment, income and health shocks using representative samples of the … population in each country. Comparing levels of health- and income-inequality aversion in the UK between the years 2016 and 2020 …