In this paper we use administrative data from the social security to study income dynamics and income risk inequality … in Spain between 2005 and 2018. We construct individual measures of income risk as functions of past employment history …, income, and demographics. Focusing on males, we document that income risk is highly unequal in Spain: more than half of the …

We use a controlled laboratory experiment to study the causal impact of income decreases within a time period on …, we investigate the effect of a negative income trend (intra-personal decrease), which means a decreasing income compared … to one's recent past. Second, we investigate the effect of a negative income trend relative to the income trend of …

Using detailed micro-data, this paper documents that households with lower income risk (and higher income levels …) exhibit a higher Marginal Propensity to Consume (MPC) in response to transitory income shocks, all else being equal. This … designed to account for the empirically observed negative correlation between income levels and income risk. This interaction …

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

Study of Income Dynamics) data. We study the implications of two processes for household, post-tax earnings in a standard …

) that tracks the same individuals over time to assess how individuals from different income and wealth groups respond to … life and financial shocks with respect to volunteering. Although both income and wealth can act as buffers against life …-we observe more heterogeneity than expected and also stickiness at the lowest income levels. Response delays in post …

- 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 …