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, but the magnitude of the estimated responses is …This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use …

causal estimates of the effects of decreased generosity of disability insurance (DI) on behavior of existing DI recipients …

provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is …We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We … independent of the social welfare function and determined by the degree of income risk and risk aversion. The optimal linear …

What do labor income dynamics look like over the life-cycle? What is the relative importance of persistent shocks …, transitory shocks and heterogeneous profiles? To what extent do taxes, transfers and the family attenuate these various factors ….We let individuals with different education levels have a separate income process; and within each skill group, we allow for …

zero. One interpretation of these results is that the OLS Party premium is due to omitted ability and family background …

. Furthermore, when looking at long-run family income, we find that the difference between displaced movers and stayers is very … income losses than displaced workers who stay in the same region. This is not a selection effect, but reflects the fact that … non-economic factors such as family ties are very important for the decision to migrate. Workers are less likely to move …

promote income. Using endogenous switching regression models, we show that local familial networks increase the income of …

workers' unobserved heterogeneity and measurement error in the wage shock information. The estimated labor supply responses …

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 …