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increase in income uncertainty is associated with reductions in objective consumption and subjective well-being (SWB …-management investments today. These findings suggest that the gains from further consumption smoothing are likely greater than estimates … based solely on realised consumption fluctuations. …
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Is wellbeing higher if the same number of negative events is spread out rather than bunched in time? Should positive events be spread out or bunched? We answer these questions exploiting quarterly data on six positive and twelve negative life events in the Household, Income and Labour Dynamics...
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