Life-cycle shocks and income

Kenneth Couch, Mary Daly and Colin Gardiner ()

FRBSF Economic Letter, 2011, issue mar14

Abstract: 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)
Date: 2011
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