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.S. savings behavior. The restrictions imposed by general equilibrium theory play an important role in arriving at each of these … characteristics of idiosyncratic labor market risk. We find that uncertainty distributed throughout the working years accounts for 40 …
Persistent link: https://www.econbiz.de/10013229110
.S. savings behavior. The restrictions imposed by general equilibrium theory play an important role in arriving at each of these … characteristics of idiosyncratic labor market risk. We find that uncertainty distributed throughout the working years accounts for 40 …
Persistent link: https://www.econbiz.de/10012470736
With 20 years of PSID data, we document persistent racial differentials in life-cycle consumption dynamics. Starting from similar positions in the consumption distribution Blacks end up in lower percentiles than Whites. Education, income, and wealth are three key drivers of these different...
Persistent link: https://www.econbiz.de/10013489420
theoretical prediction of a simple model, determines a much lower amount of savings and wealth accumulation and therefore a lower …
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theoretical prediction of a simple model, determines a much lower amount of savings and wealth accumulation and therefore a lower …
Persistent link: https://www.econbiz.de/10012488486
Persistent link: https://www.econbiz.de/10000954674
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