The American Economic Review, Volume 97American Economic Association., 2007 |
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Página 667
... income risk , as measured by the variance of individual income changes , has a substantial component that is highly persistent . However , the same literature also provides clear evidence in favor of a substantial transitory component ...
... income risk , as measured by the variance of individual income changes , has a substantial component that is highly persistent . However , the same literature also provides clear evidence in favor of a substantial transitory component ...
Página 692
... Income Profiles = While the point estimate of o of 0.00038 may appear small , this value implies substantial heterogeneity in income growth rates . To see this , we first define the income residual , y yg , and use the following ...
... Income Profiles = While the point estimate of o of 0.00038 may appear small , this value implies substantial heterogeneity in income growth rates . To see this , we first define the income residual , y yg , and use the following ...
Página 704
... Income Age Income and Consumption over the Life - Cycle 220 200 180 HIP Model Consumption Path When Beliefs Remain Fixed at Time 0 Value 160 140 Consumption Path With Full Learning at Age = 0 120 Income 100 8 10 0 2 Age 10 We next turn ...
... Income Age Income and Consumption over the Life - Cycle 220 200 180 HIP Model Consumption Path When Beliefs Remain Fixed at Time 0 Value 160 140 Consumption Path With Full Learning at Age = 0 120 Income 100 8 10 0 2 Age 10 We next turn ...
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EDMUND S PHELPS | 541 |
O 2 0 2007 | 713 |
ALMA COHEN AND LIRAN EINAV | 745 |
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