The DOI matches its Crossref record; 37 of the 37 references it cites were found in a registry or an index.
Wage Risk and Employment Risk over the Life Cycle
Open accessAbstract
We specify a life-cycle model of consumption, labor supply and job mobility in an economy with search frictions. We distinguish different sources of risk, including shocks to productivity, job arrival, and job destruction. Allowing for job mobility has a large effect on the estimate of productivity risk. Increases in the latter impose a considerable welfare loss. Increases in employment risk have large effects on output and, primarily through this channel, affect welfare. The welfare value of programs such as Food Stamps, partially insuring productivity risk, is greater than the value of unemployment insurance which provides (partial) insurance against employment risk. (JEL D91, J22, J31, J61, J64, J65)
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Cites
Filders, R. (1992) · International Journal of Forecasting · doi:10.1016/0169-2070(92)90130-2 · Cited by 16,165
(2012) · American Economic Review · doi:10.1257/aer.102.7.i · Cited by 6,810
High Wage Workers and High Wage Firms
Abowd, J. M., Kramarz, F., & Margolis, D. N. (1999) · Econometrica · doi:10.1111/1468-0262.00020 · Cited by 2,601
Consumption Over the Life Cycle
Gourinchas, P.-O., & Parker, J. A. (2002) · Econometrica · doi:10.1111/1468-0262.00269 · Cited by 1,781
Saving and Liquidity Constraints
Deaton, A. (1991) · Econometrica · doi:10.2307/2938366 · Cited by 1,598
Manski, C. F. (2004) · Econometrica · doi:10.1111/j.1468-0262.2004.00537.x · Cited by 1,404
Job Mobility and the Careers of Young Men
Topel, R. H., & Ward, M. P. (1992) · The Quarterly Journal of Economics · doi:10.2307/2118478 · Cited by 1,168
The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence
Carroll, C. D., Hall, R. E., & Zeldes, S. P. (1992) · Brookings Papers on Economic Activity · doi:10.2307/2534582 · Cited by 1,059
Precautionary Saving and Social Insurance
Hubbard, R. G., Skinner, J., & Zeldes, S. P. (1995) · Journal of Political Economy · doi:10.1086/261987 · Cited by 1,051
The European Unemployment Dilemma
Ljungqvist, L., & Sargent, T. J. (1998) · Journal of Political Economy · doi:10.1086/250020 · Cited by 1,001
Cited by
The Consumption Response to Income Changes
Jappelli, T., & Pistaferri, L. (2010) · Annual Review of Economics · doi:10.1146/annurev.economics.050708.142933 · Cited by 704
Self-citationConsumption Inequality and Family Labor Supply
Blundell, R., Pistaferri, L., & Saporta-Eksten, I. (2016) · American Economic Review · doi:10.1257/aer.20121549 · Cited by 462
Self-citationExplaining Changes in Female Labor Supply in a Life-Cycle Model
Attanasio, O., Low, H., & Sánchez-Marcos, V. (2008) · American Economic Review · doi:10.1257/aer.98.4.1517 · Cited by 435
Self-citationWhat Do Data on Millions of U.S. Workers Reveal About Lifecycle Earnings Dynamics?
Guvenen, F., Karahan, F., Ozkan, S., & Song, J. (2021) · Econometrica · doi:10.3982/ecta14603 · Cited by 282
Productivity Shocks, Long-Term Contracts, and Earnings Dynamics
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Metadata
- Authors
- Low, H., Meghir, C., & Pistaferri, L.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2010-09-01
- Volume
- 100
- Issue
- 4
- Pages
- 1432-1467
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W3122984530
- Cited by
- 282
- References
- 37
- FWCI
- 35.86
- Type
- journal article
- Language
- en
- Open access
- green
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
