Considering a consumer with standard preferences, I trace out the consequences for risk aversion and prudence of … changing risk aversion/prudence effect. Next, I calibrate locally both effects on relative risk aversion and prudence, using … estimates on household demand for durables and labour supply. Finally, I performa global numerical analysis of these effects. I …

Considering a consumer with standard preferences, I trace out the consequences for risk aversion and prudence of … changing risk aversion/prudence effect. Next, I calibrate locally both effects on relative risk aversion and prudence, using … estimates on household demand for durables and labour supply. Finally, I perform a global numerical analysis of these effects. I …

household member is at risk of losing his/her job, the partner is 30% more likely to enter the labour market (extensive margin …-studied phenomenon. However, people might already adjust their labour supply when their partner is at risk of losing his/her job. Using …, while the high-educated wait for this risk to materialise. …

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 …

Equivalence scales are routinely applied to adjust the income of households of different size and composition. Because … this paper, we employ German household expenditure data to estimate exact equivalence scales using several parametric … estimate are close to the modified OECD scale. Calculating the Gini coefficient, we find that the at-risk-of-poverty rate and …