Dynan, Karen; Elmendorf, Douglas; Sichel, Daniel - In: The B.E. Journal of Economic Analysis & Policy 12 (2012) 2
Abstract Using a representative longitudinal survey of U.S. households, we find that household income became noticeably more volatile between the early 1970s and the late 2000s despite the moderation seen in aggregate economic activity during this period. We estimate that the standard deviation...