Consumption Dynamics and Welfare Under Non-Gaussian Earnings Risk

Dec 1, 2024·
Fatih Guvenen
Rocío Madera
Rocío Madera
,
Serdar Ozkan
· 1 min read
Abstract
Quantifies how non-Gaussian earnings risk changes consumption dynamics and welfare relative to standard income-risk benchmarks.
Type
Publication
Journal of Economic Dynamics and Control, 169
Status
Peer-reviewed Open access
publications

This paper studies how earnings risk beyond a Gaussian benchmark changes household consumption dynamics and welfare.

Rocío Madera
Authors
Assistant Professor of Economics
I am an Assistant Professor in the Department of Economics at Southern Methodist University and a CESifo Research Network Research Affiliate. My research combines rich micro-data with quantitative models to study how labor-market risk, fiscal transfers, and local economic conditions shape heterogeneous household decisions and welfare. Download my CV here to learn more about me and my work.