such as family income and leisure activities is more sensitive to income shocks than life satisfaction related to social … income shocks. We document that unexpected income changes significantly impact an individual's life satisfaction, and the … magnitudes depend on the persistence of income shocks. We find that permanent income shocks substantially penetrate life …

panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is …This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use …

10% of family income leads, at most, to an increase in investments of 1.3% of a standard deviation. -- insurance ; human … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, and we cannot reject the hypothesis full insurance …

Childhood disability is a major health shock that affects parents early in their working life. We estimate its impact on …, despite this financial shock, long term net worth of families is not affected or may be positively affected, potentially due to …

contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The … of a permanent income shock. Compared to existing empirical estimates for the same dataset, our findings suggest that …We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …

What do labor income dynamics look like over the life-cycle? What is the relative importance of persistent shocks …, transitory shocks and heterogeneous profiles? To what extent do taxes, transfers and the family attenuate these various factors …. We let individuals with different education levels have a separate income process; and within each skill group, we allow …