We investigate the impact of exogenous income fluctuations on health using twenty years of data from the Panel Study of Income Dynamics using techniques from the literature on the estimation of dynamic panel data models. Contrary to much of the previous literature on health and socio-economic...

A number of studies have been conducted to understand the implications of macroeconomic volatilities on the well-being of individuals. While it is obvious that individuals are affected by the macroeconomic factors of the economy they operate in, it is also important to realise that due to...

A striking change in American society in the last 40 years has been the decline and delay in marriage. The fraction of young adults who have never been married increased significantly between 1970 and 2000. Idiosyncratic labor income volatility also rose. We establish a quantitatively important...