Does Comprehensive Income Predict Future Cashflow Better Than Net Income?

How Does Future Income Affect Current Consumption?*

This paper tests a straightforward implication of the basic Life Cycle model of consumption: that current consumption depends on expected lifetime income. The paper projects future income for a panel of households and finds that consumption is closely related to current income, but unrelated to predictable changes in income. However, future income uncertainty has an important effect: consumers ...

National income inequality predicts women's preferences for masculinized faces better than health does.

Net Income, Gross Income, and Bias in Child Support Awards in Gross Income-Shares States

In this study I discuss the pros and cons of using net income vs. gross income in gross income-shares states. It is argued that the “standardized net” approach is the best approach in determining child support awards based on the combined principles of equity and accuracy. However most states use gross income approaches for the sake of simplicity. Such gross income approaches can generate biase...

Does Income Measure Happiness?

Is economic well-being is accurately captured by traditional economic measures like per-capita income? This has long been a contested issue. Although everyone concedes that income is an imperfect welfare measure, conservative economists have tended to emphasize its virtues, while liberals have been more likely to stress its shortcomings. This debate is not just of philosophical interest; it als...

Does Population Aging Affect Income Inequality in Iran?

Objectives: The aging of the population in recent years in Iran has raised concerns among policymakers in various fields. Some economic theories consider the changes in the age structure and population aging as one of the important issues affecting the income inequality of societies. This study aims to assess the effect of population aging on the income inequality in Iran. Methods & Materials:...