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dc.contributor.authorBlundell, Richarden
dc.contributor.authorLow, Hamishen
dc.contributor.authorPreston, Ianen
dc.date.accessioned2012-04-17-
dc.date.accessioned2012-06-15T07:57:50Z-
dc.date.available2012-06-15T07:57:50Z-
dc.date.issued2011-
dc.identifier.piurn:nbn:de:101:1-201112121768en
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x6125en
dc.subject.jelC30en
dc.subject.jelD52en
dc.subject.jelD91en
dc.subject.ddc330en
dc.subject.keywordincome risken
dc.subject.keywordconsumptionen
dc.subject.keywordnonstationarityen
dc.subject.keywordinequalityen
dc.subject.stwEinkommensverteilungen
dc.subject.stwSoziale Ungleichheiten
dc.subject.stwKonsumentenverhaltenen
dc.subject.stwRisikoen
dc.subject.stwGroßbritannienen
dc.titleDecomposing changes in income risk using consumption data-
dc.typeWorking Paperen
dc.identifier.ppn690164807en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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