This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is …

This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, and we cannot reject the hypothesis full insurance …

This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is …

This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During … both reduce their consumption and increase their savings in response to an exogenous decline in income. … income. Using representative panel data on urban households from the Russian Longitudinal Monitoring Survey, I find that a …

income and consumption in panel data. I examine Blundell, Pistaferri and Preston (2008) as an important example for which … resolves the dissonance between the low partial consumption insurance estimates of Blundell, Pistaferri and Preston (2008) and …

significant determinant of consumption. The marginal effects of housing wealth, financial wealth, and income differ substantially … constant time invariant wealth, housing, and income relations. Even more important, wealth composition is shown to be a … with wealth composition. Households with the highest percentage of net worth in financial assets have much lower income …

There is vast literature examining how households’ income and consumption change over the life cycle. These studies … social changes, such as Poland. It is shown that, in contrast to the US, where income inequality over the life cycle follows … investigating the life cycle profiles and relative income mobility in a transition economy, facing rapid structural economic and …

There is vast literature examining how households’ income and consumption change over the life cycle. These studies … social changes, such as Poland. I show that, in contrast to the US, where income inequality over the life cycle follows a … investigating the life cycle profiles and relative income mobility in a transition economy, facing rapid structural economic and …