Attanasio, Orazio; Mommaerts, Corina; Meghir, Costas - Cowles Foundation for Research in Economics, Yale University - 2015
decomposing income shocks into group aggregate and idiosyncratic components, allowing us to measure the extent to which each is … States by exploiting the unique intergenerational structure of the PSID. We find that over 60% of shocks to household income …