We investigate whether US households possess advance information about their future income and what this means for … requires only panel data on consumption and income. Using the Panel Study of Income Dynamics, we find-in contrast to the … incomplete markets model and find that advance information reduces households' income forecast errors by 15%. Our estimation …

The income gradient in political participation is a widely accepted stylized fact. This article asks how income effects … on political involvement unfold over time. Using nine panel datasets from six countries, it analyzes whether income … income has an independent influence. Irrespective of indicator, specification, and method (hybrid models, inclusion of lags …

The income gradient in political participation is a widely accepted stylized fact. This article asks how income effects … on political involvement unfold over time. Using nine panel datasets from six countries, it analyzes whether income … income has an independent influence. Irrespective of indicator, specification, and method (hybrid models, inclusion of lags …

In this paper we use the enhanced consumption data in the Panel Survey of Income Dynamics (PSID) from 2005-2017 to … explore the transmission of income shocks to consumption. We build on the nonlinear quantile framework introduced in Arellano …, Blundell and Bonhomme (2017). Our focus is on the estimation of consumption responses to persistent nonlinear income shocks in …

In this paper a new method to estimate the equivalence scale elasticity using individual panel data on income … people feel satisfied with their income. …

We link life-satisfaction data to inequality of the pre-government income distribution at the regional level, to … increases individual well-being. We find that Germans are inequality averse over the entire income distribution. However … excess burden on middle-income earners. The paper uses data from the German Socio-economic Panel Study (GSOEP) from 1985 to …

We link life-satisfaction data to inequality of the pre- and post-government income distribution at the regional level … an excess burden on middle-income earners. The paper uses data from the German Socio-economic Panel Study (GSOEP) from …

In this paper a new method to estimate the equivalence scale elasticity using individual panel data on income … people feel satisfied with their income. …