The income effect describes how consumer spending changes as income rises or falls, while the substitution effect reflects how people shift purchases when prices change or alternatives become more ...

This article examines the relationship between intra-couple income distribution and subjective wellbeing, using nationally representative data from Hungary. We show that the association between the ...

(CNN) — A German experiment has found that people are likely to continue working full-time even if they receive no-strings-attached universal basic income payments. Universal basic income, also known ...

Trade policy in the United States has been in flux in recent months. A theoretical analysis of recent increases in U.S. tariffs, including potential retaliatory tariffs by other countries, suggests a ...