their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that … only income relative to others was related to well-being.In this paper, we review the evidence to assess the importance of … absolute and relative income in determining well-being. Our research suggests that absolute income plays a major role in …

their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that … only income relative to others was related to well-being. In this paper, we review the evidence to assess the importance of … absolute and relative income in determining well-being. Our research suggests that absolute income plays a major role in …

; poverty ; multi-resolution analysis ; income distribution …In this paper we apply two statistical models to the measurement of polarization to Israeli income data over the past … decade in order to empirically detect income classes as sub-populations of incomes concentrated around an optimal number of …

In this paper we study income polarization by first comparing the efficiency of two statistical models to identify the … number of poles in the income distribution empirically. The statistical models used are a multi-resolution analysis (MRA) and … a log-normal approach (LNA). We then apply the methodology to Israeli income data over the years 1997-2008 in order to …

(based on a poverty threshold of 50 percent of median equivalent income) clearly increased over this period from about 10 … receiving welfare payments was about twice as high as the respective share for the entire population. Poverty head count rates … immigrants and foreigners. On average we find that children in Germany to have lost out in terms of their relative income …

The saving ratio of households in Germany has increased in the past few years when the income trend was weak. This … could be due to precautionary saving. In this paper, the importance of precautionary saving against income uncertainty is … alternative measures of income uncertainty in a cross-section of households. In addition to the usual controls, risk aversion is …

significant effects of precautionary savings on the consumption-savings decision. As a result of a doubling of transitory income …This paper empirically investigates the effects of changes in the interest rate as well as transitory income … uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the …

significant effects of precautionary savings on the consumption-savings decision. As a result of a doubling of transitory income …. -- Consumption-savings decision ; interest rate elasticity of savings ; income uncertainty …This paper empirically investigates the effects of changes in the interest rate as well as transitory income …

changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … both reduce their consumption and increase their savings in response to an exogenous decline in income. …This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During …