-household income insurance mechanism strongly biases upward the welfare losses from idiosyncratic wage risk as well as the desired … of consumption insurance against shocks to male and female wages, as estimated empirically by Blundell, Pistaferri and … extent of public insurance through progressive income taxation. Relative to the standard one-earner life cycle model, the …

-household income insurance mechanism strongly biases upward the welfare losses from idiosyncratic wage risk as well as the desired … of consumption insurance against shocks to male and female wages, as estimated empirically by Blundell, Pistaferri and … extent of public insurance through progressive income taxation. Relative to the standard one-earner life cycle model, the …

not work at all, time spent with children, and child-related expenditures, we find that income risk impacts skill … childhood is hard-as available evidence suggests-uninsurable income risk can negatively impact the labor market prospects of …This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill …

not work at all, time spent with children, and child-related expenditures, we find that income risk impacts skill … childhood is hard-as available evidence suggests-uninsurable income risk can negatively impact the labor market prospects of …This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill …