income dynamics

High Frequency Income Dynamics
We generalize the canonical permanent-transitory income process to allow for infrequent shocks. The distribution of income growth rates …
Michael Graber, Jeppe Druehdahl, Thomas H. Jørgensen
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Labor income dynamics and the insurance from taxes, transfers, and the family
What do labor income dynamics look like over the life-cycle? What is the relative importance of persistent shocks, transitory shocks …
Michael Graber, Richard Blundell, Magne Mogstad
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