We discuss recent developments in the literature that studies how the dynamics of earnings and wages affect consumption … choices over the life cycle. We start by analyzing the theoretical impact of income changes on consumption - highlighting the … contributions, distinguishing between papers that use only income data and those that use both income and consumption data. The …

foreign countries. -- globalization ; offshoring ; labor income risk ; wages …This paper analyses how increased offshoring impacts on labor income risk. It is therefore distinct from a large number … variability of incomes. It provides an assessment that directly connects labor income risk and offshoring trends in a panel …

This paper analyses how increased offshoring impacts on labor income risk. It is therefore distinct from a large number … variability of incomes. It provides an assessment that directly connects labor income risk and offshoring trends in a panel …. Permanent income risk is defined as variance of shocks to income that do not fade out over time. Contrary to transitory short …

This paper analyzes the impact increased offshoring has on labor income risk. It is therefore distinct from a large … second moments, i.e. the variance of incomes. It provides an assessment that directly connects labor income risk and …. Permanent income risk is defined as variance of shocks to income that do not fade out over time and are assumed to be not self …