persistence between parents and children's outcomes has been an active area of research. However, since Gary Solon's 1999 Chapter …

, and credit records, to identify the effects of increased student borrowing on credit-constrained students' educational …

Using data from the Panel Study of Income Dynamics (PSID) we specify, estimate and simulate a dynamic structural model … how consumer behavior responds to house price and income declines as well as tightening credit. These experiments are … motivated by the U.S. recession starting in December of 2007 that saw large falls in home prices, large negative income shocks …

facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the general equilibrium feedback of … optimal aggregate saving rate is independent of income risk. The optimal time-invariant tax on capital is increasing in income … that the optimal steady state saving rate is increasing in income risk if and only if the intertemporal elasticity of …

In this paper we argue that very high marginal labor income tax rates are an effective tool for social insurance even …

accumulation in which households face idiosyncratic income risk and cannot commit to repay their debt. Therefore, even though a …