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dc.contributor.authorBlundell, Richarden_US
dc.contributor.authorLow, Hamishen_US
dc.contributor.authorPreston, Ianen_US
dc.date.accessioned2012-04-17en_US
dc.date.accessioned2012-06-15T07:57:50Z-
dc.date.available2012-06-15T07:57:50Z-
dc.date.issued2011en_US
dc.identifier.piurn:nbn:de:101:1-201112121768-
dc.identifier.urihttp://hdl.handle.net/10419/58915-
dc.description.abstractWe develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The approach allows for changes in income risk over the life-cycle and with the business cycle. It requires only repeated cross-section data and can allow for mixtures of persistent and transitory components in the dynamic process for income. Evidence from a stochastic simulation of consumption choices in a nonstationarity environment is used to show the robustness of the method for decomposing income risk. The approach is used to investigate the changes in income risk in Britain across the inequality growth period from the late 1970s to the late 1990s. Peaks in the variance of permanent shocks are shown to occur in the middle of the 1980s and the early 1990s.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6125en_US
dc.subject.jelC30en_US
dc.subject.jelD52en_US
dc.subject.jelD91en_US
dc.subject.ddc330en_US
dc.subject.keywordincome risken_US
dc.subject.keywordconsumptionen_US
dc.subject.keywordnonstationarityen_US
dc.subject.keywordinequalityen_US
dc.subject.stwEinkommensverteilungen_US
dc.subject.stwSoziale Ungleichheiten_US
dc.subject.stwKonsumentenverhaltenen_US
dc.subject.stwRisikoen_US
dc.subject.stwGro├čbritannienen_US
dc.titleDecomposing changes in income risk using consumption dataen_US
dc.typeWorking Paperen_US
dc.identifier.ppn690164807en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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