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This paper uncovers ongoing trends in idiosyncratic earnings volatility across generations by decomposing residual …
Persistent link: https://www.econbiz.de/10011373904
This paper uncovers ongoing trends in idiosyncratic earnings volatility across generations by decomposing residual …
Persistent link: https://www.econbiz.de/10011316360
the zero-borrowing constraint is a lot weaker. More surprisingly, when I introduce idiosyncratic labor income risk in an … economy without a zero-borrowing constraint, the equity premium increases by 50 percent, even though the income shocks are …
Persistent link: https://www.econbiz.de/10011900994
This paper examines how labor income volatility and social security benefits can influence lifecycle household … annuities, and stocks as well as bonds. Higher labor income uncertainty and lower old-age benefits boost demand for stable … income in retirement, but also when young. In addition, a declining equity glide path with age is appropriate for the worker …
Persistent link: https://www.econbiz.de/10012462970
Persistent link: https://www.econbiz.de/10012193474
his study provides evidence on the effect of cyclical unemployment on infant health. We match individual-level data from a detailed survey of mothers and their children in Memphis, TN, with 5-year average census-tract unemployment rates from the American Community Survey. Our findings indicate...
Persistent link: https://www.econbiz.de/10014131354
Despite efforts to engage youth in education, there have been only modest improvements in the rates of school completion across OECD countries since the mid-1990s. These modest improvements underline the importance of programs that encourage early school leavers to return to post-school...
Persistent link: https://www.econbiz.de/10013099797
Despite efforts to engage youth in education, there have been only modest improvements in the rates of school completion across OECD countries since the mid-1990s. These modest improvements underline the importance of programs that encourage early school leavers to return to post-school...
Persistent link: https://www.econbiz.de/10014166353
Despite efforts to engage youth in education, there have been only modest improvements in the rates of school completion across OECD countries since the mid-1990s. These modest improvements underline the importance of programs that encourage early school leavers to return to post-school...
Persistent link: https://www.econbiz.de/10009575116
Persistent link: https://www.econbiz.de/10001984056