We reassess the empirical effect of income and employment on self-reported well-being. Our analysis makes use of a … suggested by the theory of incomplete markets, we differentiate between the effects of persistent and transitory income shocks … is rather associated with a decline in happiness. -- incomplete markets ; happiness ; income persistence …

and price of unsecured debt. -- household debt portfolios ; housing ; collateral ; bankruptcy ; commitment ; income risk …

Financial markets provide imperfect insurance of labor income risk. However, workers can partly insure against labor …

In this paper, we empirically assess the causal relationship between trade and individual income risk and study the … from 1976 to 2012. Our estimates suggest substantial heterogeneity in labor income risk across workers in different entry … exports (per worker) are strongly and causally related to income risk: Imports increase risk and exports decrease risk, and …

transfer payday, an anticipated and transitory income shock. We find that food consumption and food security do not change … higher than median transfer dependence. Conversely, health and employment shocks (unexpected and less transitory income …

In this paper, we develop and numerically solve a model of idiosyncratic labour income and idiosyncratic interest rates … to predict the evolution of a wealth distribution over time. Stochastic labour income follows a deterministic growth …

income and prices, while there is a reduction in earnings from sales of agricultural products, which are now consumed. We …

Italy Survey of Household Income and Wealth. -- Portfolio choice ; marriage ; divorce ; labor force participation …