In this paper we look at the relationship between health and income as mediated by "lifestyle" choices; that is, a set … that there are substantial differences between the permanent and transitory income determinants - also in terms of the … direction of the effects. Moreover, we find that income effects often differ significantly in size and sometimes sign according …

We provide a critique of the methods that have been used to derive measures of income risk and draw attention to the … importance of demographic factors as a source of income risk. We also propose new measures of the contribution to total income …

propensity to insure against independent marketable risks. We apply these predictions to the specific case of labor income risk … and car insurance using data from the UK. The main empirical results are: - higher labor income risk induces a higher … demand for car insurance. - the effects of increases in labor income risk after 1979 seem to be more than offset by a more …

alternative approach is to use the accounting identity that total household spending is equal to income plus capital gains minus … on income and wealth to other administrative data with information on financial and real estate transactions. Using this … second is a study of the transmission of income shocks to household consumption. …

income than to rises of the same size. Household balance sheet characteristics (including the presence of a savings buffer …), concerns about credit market access and higher subjective risk of lower future income account for a sizable share of this …

impact on consumption smoothing, by reducing the sensitivity of idiosyncratic consumption to idiosyncratic income, both in … of the positive impact of social capital on insurance opportunities are derived from an income smoothing exercise, as …

propensity to insure against independent marketable risks. We apply these predictions to the specific case of labor income risk … and car insurance using data from the UK. The main empirical results are: -higher labor income risk induces a higher … demand for car insurance. -the effects of increases in labor income risk after 1979 seem to be more than offset by a more …