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Using micro-level data, we document a systematic, income-related component in household income forecast errors. We show …
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, household income falls by about $0.80 for each $1 lost in own earnings. …
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Poverty is typically measured as insufficient yearly income or consumption. In practice, however, poverty is marked by seasonality, economic instability, and illiquidity across months. To capture within-year variability, we extend traditional poverty measures to include a temporal dimension....
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