This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare …. Individual income is assumed to follow a stochastic process with two (unobserved) components, component representing measurement … error or transitory income shocks and an Autoregressive (AR(1)) component representing persistent changes in income. The …

extent to which this varies across workers of different human capital (education) levels. They use longitudinal income data … interesting non-monotonicity in the interaction between human capital, income risk and trade policy changes …Using data from Mexico, the authors study empirically the link between trade policy and individual income risk and the …

"This paper studies empirically the relationship between trade policy and individual income risk faced by workers, and … three steps. First, longitudinal data on workers are used to estimate time-varying individual income risk parameters in … various manufacturing sectors. Second, the estimated income risk parameters and data on trade barriers are used to analyze the …

This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare …. Individual income is assumed to follow a stochastic process with two (unobserved) components, an i.i.d. component representing … measurement error or transitory income shocks and an AR(1) component representing persistent changes in income. We use a tractable …