We estimate the trend in the transitory variance of male earnings in the U.S. using the Michigan Panel Study of Income …

25 percent below average, and 2.7 months when income was more than 25 percent above average. The volatility is summarized …The US Financial Diaries track the daily finances of low and moderate-income households over a year. The households … faced substantial swings in income from month to month. On average, they experienced 2.7 months when income fell more than …