This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, and we cannot reject the hypothesis full insurance …

This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, and we cannot reject the hypothesis full insurance …

incentives for underreporting should be especially strong in an economy with generally high taxes. This paper uses recent income … and expenditure data to examine the extent of underreporting of income among self-employed individuals in Sweden. A key …”, for a given level of observed income. Our results confirm the underreporting hypothesis. In particular, we estimate that …