contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The … Italian households do not have access to significant insurance beyond self-insurance. …

the presence of insurance and saving instruments. Third, we consider savings and liquid asset holdings as a form of self-insurance … with insurance claims serving to alleviate the depletion of livestock holdings in the event of insurable idiosyncratic …

contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The … Italian households do not have access to significant insurance beyond self-insurance. …

growth. We use this approach to investigate the growth in income inequality in the UK in the 1980s. …

use of a more accurate approximation allowing for partial self-insurance against permanent shocks. We show that the use of … data on median asset holdings corrects much of the error in the simple approximation which assumes no self-insurance …

insurance (SSDI). Health affects individuals' productivity, SSDI access, disutility from work, mortality, and medical expenses …. Calibrating the model to the United States, we find that health inequality is an important source of lifetime earnings inequality … words, the SSDI program is an important contributor to lifetime earnings inequality. Despite this, we show that it is ex …

decomposing income risk. The approach is used to investigate the changes in income risk in Britain across the inequality growth …

growth. We use this approach to investigate the growth in income inequality in the UK in the 1980s. …

consistent with several features of consumption data including (i) the substantial rise in within-cohort consumption inequality … (Deaton and Paxson 1994), (ii) the non-concave shape of the age-inequality profile (which the RIP model is not consistent with …