2014
DOI: 10.1111/roiw.12111
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Income Risk in 30 Countries

Abstract: We present a measure of income risk that decomposes income dynamics into long-run inequality, volatility (inter-temporal variability around individual-specific growth rates), and mobility risk (variation in individual-specific growth rates). We measure these income risk components in panel data from 30 rich democracies. We use this comprehensive collection of panel data to analyze long-terms trends in income dynamics for four countries (Canada, Germany, Great Britain, and the United States), and cross-national… Show more

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Cited by 20 publications
(15 citation statements)
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“…So far, EI studies are few and far between, with most either based on multidimensional approaches that use aggregate indices for the different insecurity dimensions Sharpe 2005, 2014;Berloffa and Modena 2014), or essentially unidimensional in nature when considering individuals or households (Nichols and Rehm 2014;D'Ambrosio and Rohde 2014;Rohde et al 2014). Prior studies concur that the employment status and characteristics of individuals are underlying fundamental dimensions of EI.…”
Section: Introductionmentioning
confidence: 99%
“…So far, EI studies are few and far between, with most either based on multidimensional approaches that use aggregate indices for the different insecurity dimensions Sharpe 2005, 2014;Berloffa and Modena 2014), or essentially unidimensional in nature when considering individuals or households (Nichols and Rehm 2014;D'Ambrosio and Rohde 2014;Rohde et al 2014). Prior studies concur that the employment status and characteristics of individuals are underlying fundamental dimensions of EI.…”
Section: Introductionmentioning
confidence: 99%
“…They would be appropriate, for example, in the study of educational intergenerational social mobility (Symeonaki et al, 2016;Symeonaki & Filopoulou, 2017)), where the states correspond to low, medium, and high educational attainment. It is also true that these indices are all highly correlated in empirical applications (Nichols, 2008;Nichols & Rehm, 2014).…”
Section: P (5)mentioning
confidence: 99%
“…From a housing and broader public policy perspective, a robust understanding of the impact that income volatility may have on households should be actively sought. International studies have found that households whose incomes fluctuate by more than 25 per cent from pay to pay experience sharply higher risks of emotional conflict (Hill, Morris et al 2013), housing instability (Smith-Ramani, Mitchell et al 2017) and financial hardship (Hacker, Huber et al 2012;Morris, Hill et al 2015;Nichols and Rehm 2014).…”
Section: Income Volatilitymentioning
confidence: 99%