Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk …

; Transitory Income Volatility ; Earnings Dynamics ; Safety Net ; Transfer Payments … equivalent household income. Permanent and transitory variances of male income over the period 1984-2008 are estimated for Old … German Laender in order to determine their importance to income dynamics. To uncover the role of the welfare state in …

This paper uncovers ongoing trends in idiosyncratic earnings volatility across generations by decomposing residual …

We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions …-cycle theory. For retirees we also find significant effects of the income reduction at retirement on housing. However, the effects …

This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. In a … lab experiment, participants can purchase goods by borrowing against their future income. We exogenously manipulate income … expectations by letting income depend on relative performance in hard and easy quiz tasks. We successfully generate biased income …

characteristics such as the woman’s level of education, or household income, have at most a marginal impact on these profiles. …