home. Our findings indicate that a trend toward marrying later and the increase in household earnings risk that occurred … ; first-time home-buyers ; marriage ; income risk …

a discussion of the literature that endogenize people's earnings and therefore change the nature of risk faced by …

risk …

risk-sharing in the design of optimal tax schedules. We use numerical methods to characterise the tax schedule and to give … comparative static results of changing risk aversion, uncertainty and the cost of effort. Increased uncertainty may increase … effort for precautionary reasons, but leads to greater risk sharing in the optimal tax schedule. Similarly, a reduced cost of …

frictions that allows us to distinguish between different sources of risk and to estimate their effects. The sources of risk are …. Estimates of productivity risk, once we control for employment risk and for individual labour supply choices, are substantially … lower than estimates that attribute all wage variation to productivity risk. Increases in productivity risk impose a …

This paper concerns the decomposition of income risk into permanent and transitory components using repeated cross … simulation is used to show that this approximation can provide a robust method for decomposing income risk in a nonstationary … growth. We use this approach to investigate the growth in income inequality in the UK in the 1980s. -- income risk …