reduction in homeownership across generations. Lower-income households find it harder to buy housing, and as a result accumulate …

- relative to older borrowers has played a major role in easing the debt repayment burden in the presence of large income shocks …. Notwithstanding historically low interest rates, we show that income shocks are the main factor contributing to mortgage repayment …

This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The … which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates …-form simulation on micro data from the Household Finance and Consumption Survey, capturing the income composition, the portfolio …

We document new facts on the dynamics of male wages and earnings, household earnings, and before- and after-tax income … relatively high at the beginning and end of one's working life, and for those in the lower and upper parts of the income … deviation, skewness and kurtosis of income changes. In the U.S. the role of family insurance is much larger than in the …

service on health and income. This research has shown that effects of veteran status on mortality and earnings that appeared …

We document a large increase in the cyclicality of the incomes of high-income households, coinciding with the rise in … their share of aggregate income. In the U.S., since top income shares began to rise rapidly in the early 1980s, incomes of … those in the top 1 percent of the income distribution have averaged 14 times average income and been 2.4 times more cyclical …

This paper examines how labor income volatility and social security benefits can influence lifecycle household … annuities, and stocks as well as bonds. Higher labor income uncertainty and lower old-age benefits boost demand for stable … income in retirement, but also when young. In addition, a declining equity glide path with age is appropriate for the worker …

-family relations and focus on households as collections of roommates. The model's mechanism is that rising income leads to a falling … size, consumption patterns, and income in the cross-section at the end of the 20th century. We then project the model back … to 1850 by changing income. We find that our proposed mechanism can account for 37 percent of the decline in the number …

with similar tenants. We link the tenants to their tax records to obtain information on demographics, income, mobility … negative income shocks, evidencing a collateral effect …