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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 …
Persistent link: https://www.econbiz.de/10013084765
Persistent link: https://www.econbiz.de/10012172203
This paper presents a framework for the quantitative analysis of individual income dynamics, mobility and welfare, with … ex-ante identical individuals facing a stochastic income process and market incompleteness implying that they are unable … to insure against persistent shocks to income. We show how the parameters of the income process can be estimated using …
Persistent link: https://www.econbiz.de/10013234383
This paper presents a framework for the quantitative analysis of individual income dynamics, mobility and welfare, with … ex-ante identical individuals facing a stochastic income process and market incompleteness implying that they are unable … to insure against persistent shocks to income. We show how the parameters of the income process can be estimated using …
Persistent link: https://www.econbiz.de/10012455104
Persistent link: https://www.econbiz.de/10012172204
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 …
Persistent link: https://www.econbiz.de/10011395539
Persistent link: https://www.econbiz.de/10009747333
Persistent link: https://www.econbiz.de/10009659391
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 …
Persistent link: https://www.econbiz.de/10009680990
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 …
Persistent link: https://www.econbiz.de/10013096445