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This paper assesses the accuracy of individuals’ expectations of their financial circumstances, as reported in the British Household Panel Survey, as predictors of outcomes and identifies what factors influence their reliability. As the data are qualitative bivariate ordered probit models,...
Persistent link: https://www.econbiz.de/10003529544
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 …
Persistent link: https://www.econbiz.de/10011433584
the greatest impact on consumption, in comparison to shocksto the income stream …
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The chapter examines how the various dimensions of economic inequality between men and women are analyzed today. Beyond the gender wage gap—a central issue—and of course the still far from equal sharing of housework, the chapter also reviews research on gender inequality in access to...
Persistent link: https://www.econbiz.de/10014025339
outcomes. Using the health shock as an instrumental variable shows that the onset of a disability at age 25 causally reduces …
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