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In this paper, we examine household savings using data from the National Longitudinal Survey, Cohort 1997 (NLSY97). This data set provides detailed information about assets and liabilities of parents with teen-age children and allows researchers to examine patterns of accumulation at early...
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Remarks at New York University's Stern School of Business, New York City.
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Recognizing how hard it is for low-income workers to save, D2D Fund develops, tests, and rolls out asset …
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Remarks at the Washington and Lee University H. Parker Willis Lecture in Political Economics, Lexington, Virginia.
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We study the trend in household income uncertainty using a novel approach that measures income uncertainty as the … variance of forecast errors at each future horizon separately without imposing parametric restrictions on the underlying income … shocks. We find that household income uncertainty has risen significantly and persistently since the early 1970s. For example …
Persistent link: https://www.econbiz.de/10009024050
Remarks at the at the Society of American Business Editors and Writers Fall Conference, City University of New York, Graduate School of Journalism, New York City.
Persistent link: https://www.econbiz.de/10008676454
Postrecession, the asset-building movement continues to gain momentum across the country. Individuals and families pursue wealth-building strategies based on such time-honored principles as budget to save, save to invest, credit building, controlling debt and protecting wealth once it has been...
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