The permanent income hypothesis states that agents perfectly smooth consumption given a large, anticipated shock to … income. Testing these implications is difficult given the endogenous nature of income and payment timing. We leverage …

This paper explores the association between income and stated views on minimum living standards; that is, views on … representative survey, we find the rich are less empathetic. In our baseline model, people at the bottom of the income distribution … report 10% more items as essential than do people at the top of the income distribution. The negative relationship between …

Charitable bequests are a major source of income for charities but surprisingly little is known about them. The aim of …

income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of … subjects to report (a) how their income compares to various groups, such a co-workers, friends, and neighbours, and (b) how … important these income comparisons are to them. We find substantial gender differences, with income comparisons being much …

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 …