Tullio Jappelli, Luigi Pistaferri, 02 April 2010

How does consumption respond to a change in income – whether expected or unexpected, temporary or permanent? This column reviews evidence from diverse sources and suggests that if financial market arrangements and liquidity constraints are binding, even changes in income that are predictable can have a significant effect on consumption. This supports the idea that tax changes can have a considerable impact on expenditure.

Andrew Clark, 02 April 2010

Andrew Clark of the Paris School of Economics talks to Romesh Vaitilingam about his research on the relationship between income and health, which examines changes in the health and health behaviours (smoking and drinking) of British people who win prizes in the national lottery. The interview was recorded at the Royal Economic Society’s annual conference at the University of Surrey in March 2010.

Jonathan Guryan, Erik Hurst, Melissa Kearney, 05 July 2008

Everyone knows that educated people earn more, smoke less, are less likely to be obese and live longer. This column discusses recent research that shows more educated parents also spend more time with their kids – a result ripe with implications for the inter-generational persistence of income and health inequalities.

Daron Acemoğlu, Simon Johnson, James Robinson, Pierre Yared, 20 August 2007

Why are some societies democratic, others not? Why do some societies develop modern effective nation states, while others do not? Why do some societies experience revolutions, while others undertake more gradual change? And finally, why are some relatively prosperous, while others are not?



CEPR Policy Research