Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - In: Journal of the European Economic Association 3 (2005) 2-3, pp. 765-775
Data on the life-cycle profiles of inequality in wages, earnings, hours worked, and consumption contain precious information for answering questions about the ability of households to insure labor market risk and about the sources of this risk. This paper demonstrates that the choice of whether...
