On the persistence of income shocks over the life cycle: Evidence, theory, and implications

Review of Economic Dynamics

Volumn 16, Issue 3, 2013, Pages 452-476

  Karahan, Fatih ^a   Ozkan, Serdar ^b  

^a FEDERAL RESERVE BANK OF NEW YORK   (United States)

^b FEDERAL RESERVE BOARD   (United States)

Author keywords

Consumption insurance; Earnings persistence; Idiosyncratic earnings risk; Incomplete markets models

Indexed keywords

EID: 84878394242     PISSN: 10942025     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.red.2012.08.001     Document Type: Article

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