Search Results
Showing results 1 to 2 of approximately 2.
(refine search)
Working Paper
Wage Risk and Government and Spousal Insurance
The extent to which households can self-insure and the government can help them to do so depends on the wage risk that they face and their family structure. We study wage risk in the UK and show that the persistence and riskiness of wages depends on one's age and position in the wage distribution. We also calibrate a model of couples and singles with two alternative processes for wages: a canonical one and a flexible one that allows for the much richer dynamics that we document in the data. We use our model to show that allowing for rich wage dynamics is important to properly evaluate the ...
Journal Article
Following in the Family Footsteps
Historically, the phenomenon of children entering their parents' careers ? following in their parents' footsteps ? was perceived as a social ill. It was a sign that the children were trapped by barriers keeping them out of other occupations and relegating them to reliving the work lives of their parents.