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Hours risk and wage risk : repercussions over the life-cycle
Jessen, Robin; König, Johannes - 2020
-cycle insurance impact is much smaller. At the mean, a positive hours shock of one standard deviation raises life-time income by 10 …
Persistent link: https://www.econbiz.de/10012145317
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Hours risk and wage risk : repercussions over the life-cycle
Jessen, Robin; König, Johannes - 2020
-cycle insurance impact is much smaller. At the mean, a positive hours shock of one standard deviation raises life-time income by 10 …
Persistent link: https://www.econbiz.de/10012160640
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Optimal Taxation of Normal and Excess Returns to Risky Assets
Boadway, Robin; Spiritus, Kevin - 2021
We study the optimal taxation of risk-free and excess capital income with heterogeneous rates of return, alongside an … stochasticity of capital income tax revenue …
Persistent link: https://www.econbiz.de/10013238194
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Optimal taxation of normal and excess returns to risky assets
Boadway, Robin W.; Spiritus, Kevin - 2021
We study the optimal taxation of risk-free and excess capital income with heterogeneous rates of return, alongside an … stochasticity of capital income tax revenue. …
Persistent link: https://www.econbiz.de/10012487914
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High Marginal Tax Rates on the Top 1%? Lessons from a Life Cycle Model with Idiosyncratic Income Risk
Kindermann, Fabian - 2014
In this paper we argue that very high marginal labor income tax rates are an effective tool for social insurance even …
Persistent link: https://www.econbiz.de/10013045718
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Modeling life-cycle earnings risk with positive and negative shocks
Sanchez, Manuel; Wellschmied, Felix - 2017
We study workers' idiosyncratic earnings risk over the life-cycle using a German administrative data set. Positive and negative earnings shocks both contain a highly persistent component. The variance and average size of positive persistent shocks is decreasing over the life-cycle. The...
Persistent link: https://www.econbiz.de/10011709932
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Investing Over the Life Cycle with Long-Run Labor Income Risk
Benzoni, Luca - 2009
market risk when they approach retirement. The authors show how long-run labor income risk helps explain this evidence …. Moreover, they discuss the effect of long-run labor income risk on the valuation of pension plan obligations, their funding …
Persistent link: https://www.econbiz.de/10013155513
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Lifecycle earnings risk and insurance : New evidence from Australia
Tran, Chung; Tin, Darapheak - 2023
This paper studies the nature of earnings dynamics in Australia, using the Household, Income and Labour Dynamics in … earnings shocks, whereas family insurance via income pooling and adjustment of secondary earners' labour market activities is …
Persistent link: https://www.econbiz.de/10014254119
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Richer earnings dynamics, consumption and portfolio choice over the life cycle
Gálvez, Julio; Paz Pardo, Gonzalo - 2023
Households face earnings risk which is non-normal and varies by age and over the income distribution. We show that …
Persistent link: https://www.econbiz.de/10014278693
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Medical expenditures over the life cycle : persistent risks and insurance
Fukai, Taiyo; Ichimura, Hidehiko; Kitao, Sagiri; … - 2021
Persistent link: https://www.econbiz.de/10014390484