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Income Dynamics (PSID) für die USA zeigen, dass sowohl Lohn- als auch Stundenshocks eine wichtige Rolle für die Erklärung der …We decompose permanent earnings risk into contributions from hours and wage shocks. In order to distinguish between … our model with the Panel Study of Income Dynamics (PSID) shows that both permanent wage and hours shocks play an important …
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The paper investigates how employees use secondary employment to smooth out consumption shortfalls from non-anticipated wage shocks in their main employment. The identification strategy exploits surprising changes in firms' wage payment and repayment behavior in Ukraine. Based on unique...
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