Dynamics of earnings in Chile

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dc.contributor.authorHuneeus, Cristóbal
dc.contributor.authorRepetto L., Andrea
dc.coverage.spatialCHILEes_ES
dc.date.accessioned2019-11-01T00:02:51Z
dc.date.available2019-11-01T00:02:51Z
dc.date.issued2005
dc.descriptionUncertainty is a key dimension of individual decisionmaking. Individuals cannot insure against certain contingencies under incomplete markets. Uncertainty thus influences the life-cycle evolution of consumption and savings, labor supply and asset allocation, and education and occupation choices. Uncertainty and risk also determine income and consumption inequality. Individuals who are identical exante will have different lifetime paths of consumption ex post, as some individuals are lucky and get good draws of income, employment, and health, whereas others get bad shocks and end up with lower levels of consumption over the life cycle. Income mobility and the persistence of income inequality and poverty depend on the dynamics of earnings, health outcomes, investment opportunities, and general earnings capacity.
dc.file.nameBCCh-sbc-v08-p383_410
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 383-410
dc.identifier.isbn956-7421-20-X
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3690
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking, Analysis, and Economic Policies, no. 8
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectDISTRIBUCIÓN DE RENTASes_ES
dc.subjectAHORRO E INVERSIÓNes_ES
dc.subjectGANANCIASes_ES
dc.titleDynamics of earnings in Chile
dc.type.docArtículo

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