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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 of persistent and transitory components in the dynamic...
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expanded welfare system meant that, if anything, disposable income inequality fell. Rising house prices have benefited people …
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We study earnings and income inequality in Britain over the past two decades, including the period of relatively … the "new inequality" at the very top. Household earnings inequality has risen, driven by male earnings - although a 'catch …-up' of female earnings did hold down individual earnings inequality and reduce within-household inequality. Nevertheless, net …
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