This paper tries to document the presence of unreported income among public sector employees in India. We investigate … hypothesis that despite a lower level of public sector income in some of the quantiles, if the level of durable goods consumption … income among the public sector workers. The 2004-05 survey of income and consumption by workers in both private and public …

idiosyncratic labor income risk. Ceteris paribus, an individual would prefer to marry a hedge (i.e. a spouse whose income is … to agents income is early, then those who in fact married hedges (and for good reason) are the ones most likely to be … resolution of uncertainty to agents income is predominantly later, then those who in fact marry hedges will in fact be less …

imperfectly identified. We quantify the relative statistical impact of income, unemployment, house prices, credit scores, debt … needs to allow for multiple determinants of consumption. Unemployment, income, and debt are important determinants of …