Blundell, Richard W.; Low, Hamish; Preston, Ian - In: Quantitative economics : QE ; journal of the … 4 (2013) 1, pp. 1-37
We develop a new approach to the decomposition of income risk within a non- stationary model of intertemporal choice …. The approach allows for changes in in- come risk over the life cycle and across the business cycle, allowing for mixtures … environment is used to show the robustness of the method for decomposing income risk. The approach is used to investigate the …
