incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for …, earnings, assets and consumption. We focus on the importance of family labour supply as an insurance mechanism to wage shocks … and find strong evidence of smoothing of male's and female's permanent shocks to wages. Once family labor supply, assets …

, transitory shocks and heterogeneous profi les? To what extent do taxes, transfers and the family attenuate these various factors …

, transitory shocks and heterogeneous profiles? To what extent do taxes, transfers and the family attenuate these various factors …