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Several studies have linked rising insolvency rates to increasing inequality and argued that this might be explained by … insolvency, where a 10 percent increase in top incomes increases the individual probability to become insolvent by 12 percent. …
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Using new data from the Understanding Society: COVID 19 survey collected in April 2020, we show how the aggregate shock caused by the pandemic affects individuals across the distribution. The survey collects data from existing members of the Under-standing Society panel survey who have been...
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Foster and Hart propose a measure of riskiness for discrete random variables. Their defining equation has no solution for many common continuous distributions. We show how to extend consistently the definition of riskiness to continuous random variables. For many continuous random variables, the...
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