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important to individuals. The model can also account qualitatively for the positive skewness of wealth and income distributions …, and significantly greater wealth inequality compared to income inequality. …
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This paper presents a methodology for comparing income rank volatility profiles over time and across distributions …
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I study the labor market risks associated with being self-employed. I document that the self-employed are subject to larger earnings fluctuations than employees and that they frequently transition into unemployment. Given the self-employed are not eligible to unemployment insurance, I analyze...
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