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How Important Are Idiosyncratic Shocks? Evidence from Labor Supply

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journal contribution
posted on 1991-02-01, 00:00 authored by Kjetil Storesletten, Chris I Telmer, Amir Yaron
Inequality in consumption and income among U.S. households increases with age. In contrast, inequality in hours worked is roughly constant amongst age.

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1991-02-01

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    Keywords

    risk sharingincome and consumption inequalityidiosyncratic risklabor supplyBusiness and Management not elsewhere classified

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