Life-cycle shocks and income
Mary Daly (),
Kenneth Couch () and
Colin Gardiner ()
FRBSF Economic Letter, 2011, issue mar14
Unexpected events such as job displacement, disability, and divorce can have negative effects on individual and family income. For many families, social insurance provided by the government plays an important role in buffering the impact of these shocks. However, on average, Americans depend more on private resources rather than the public sector to insure against these losses.
Keywords: Households - Economic aspects; Unemployment (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedfel:y:2011:i:mar14:n:2011-08
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