Household Income Uncertainties Over Three Decades
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Author | : James Feigenbaum |
Publisher | : DIANE Publishing |
Total Pages | : 39 |
Release | : 2011-08 |
Genre | : Business & Economics |
ISBN | : 1437987435 |
Studies the trend in household income uncertainty using a novel approach that measures income uncertainty as the variance of forecast errors at each future horizon separately without imposing parametric restrictions on the underlying income shocks. Household income uncertainty has risen significantly and persistently since the early 1970s. Their measure of near-future uncertainty in total family non-capital income rose 40% between 1971 and 2002. This rising uncertainty is likely due to the increase in variances of both persistent and transitory income shocks. The increase was most pronounced among single-earner households and high-income households. Charts and tables. This is a print on demand report.
Author | : Elisabeth Sara Jacobs |
Publisher | : |
Total Pages | : 606 |
Release | : 2008 |
Genre | : |
ISBN | : |
This dissertation investigates family economic insecurity in the United States, with a particular focus on the risk of a large drop in income. I ask three central questions. First, how much economic insecurity does the American family face, and how has that insecurity changed over time? Second, what explains over-time shifts in economic risk? Third, how do families perceive and manage economic risk? I address the first two questions using the Panel Study on Income Dynamics, a nationally-representative dataset spanning from 1969 to 2004. I address the third question through the analysis of in-depth interviews with a sample of employees facing an elevated risk of job loss. I find that family economic insecurity is high, and has risen over the last three decades. Income volatility has increased for all income and education groups, but the risk of a negative economic shock has grown particularly steeply for college-educated households. Neither the increased in married women's labor force participation nor the increase in divorce can explain much of the secular trend in income volatility. Individuals at risk of a large income shock are optimistic about their ability to weather hard times, but simultaneously acknowledge that job loss has the potential to send their family into a financial tailspin. Many rely on education as a coping mechanism, framing a return to school as a way to create opportunity in the face of insecurity. Dual- earner families strive to create a balance between workers, with one pursuing employment with solid benefits and security in exchange for a low earnings ceiling and the other engaged in high-risk, high-reward employment. Economic shocks to prime-age working adults have the potential to reverberate up and down the generational ladder due to this group's role as a financial support for both adult children and aging parents. Policy implications are discussed.
Author | : Frank H. Knight |
Publisher | : Cosimo, Inc. |
Total Pages | : 401 |
Release | : 2006-11-01 |
Genre | : Business & Economics |
ISBN | : 1602060053 |
A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.
Author | : National Intelligence Council |
Publisher | : Cosimo Reports |
Total Pages | : 158 |
Release | : 2021-03 |
Genre | : |
ISBN | : 9781646794973 |
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Author | : Dan Bouk |
Publisher | : University of Chicago Press |
Total Pages | : 325 |
Release | : 2018-02-06 |
Genre | : Business & Economics |
ISBN | : 022656486X |
Classing -- Fatalizing -- Writing -- Smoothing -- A modern conception of death -- Valuing lives, in four movements -- Failing the future.
Author | : John Hughes |
Publisher | : CTPI (Edinburgh) |
Total Pages | : 76 |
Release | : 1996 |
Genre | : Fife (Scotland) |
ISBN | : 1870126335 |
Author | : Orley Ashenfelter |
Publisher | : Elsevier |
Total Pages | : 800 |
Release | : 1999-11-18 |
Genre | : Business & Economics |
ISBN | : 9780444501899 |
A guide to the continually evolving field of labour economics.
Author | : Jonathan Morduch |
Publisher | : Princeton University Press |
Total Pages | : 248 |
Release | : 2017-04-04 |
Genre | : Business & Economics |
ISBN | : 0691172986 |
Drawing on the groundbreaking U.S. Financial Diaries project (http://www.usfinancialdiaries.org/), which follows the lives of 235 low- and middle-income families as they navigate through a year, the authors challenge popular assumptions about how Americans earn, spend, borrow, and save-- and they identify the true causes of distress and inequality for many working Americans.
Author | : United States. Congress. House. Committee on the District of Columbia. Subcommittee on Commerce, Housing, and Transportation |
Publisher | : |
Total Pages | : 604 |
Release | : 1975 |
Genre | : Rent control |
ISBN | : |
Author | : Marilyn Coleman |
Publisher | : SAGE |
Total Pages | : 642 |
Release | : 2004 |
Genre | : Family & Relationships |
ISBN | : 9780761927136 |
The Handbook of Contemporary Families explores how families have changed in the last 30 years and speculates about future trends. Editors Marilyn Coleman and Lawrence H. Ganong, along with a multidisciplinary group of contributors, critique the approaches used to study relationships and families while suggesting modern approaches for the new millennium. The Handbook looks at how changes within the contemporary family have been reflected in family law, family education, and family therapy. The Handbook of Contemporary Families is an excellent resource for advanced undergraduate and graduate students, researchers, educators, and practitioners who study and work with families in several disciplines, including Family Science, Human Development and Family Studies, Sociology, Marriage & Family Therapy, and Social Work.