EconPapers    
Economics at your fingertips  
 

Family and Government Insurance: Wage, Earnings, and Income Risks in the Netherlands and the U.S

Mariacristina De Nardi (), Giulio Fella, Marike Knoef, Gonzalo Paz-Pardo and Raun Van Ooijen

No 13720, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We document new facts on the distributions of male wages, male earnings, and household earnings and income (before and after taxes) in the Netherlands and the United States. We find that, in both countries, wages display rich dynamics, including substantial asymmetries and nonlinearities by age and previous earnings levels. Individual-level male wage and earnings risk is relatively high for younger and older people, and for those in the lower and upper parts of the income distribution. In the Netherlands, the behavior of hours and family labor supply have noticeable effects on earnings persistence and on the skewness and kurtosis of wage changes, but government transfers are a major source of insurance. Instead, the role of family insurance is much larger in the U.S. and also affects the standard deviation of wage changes, in addition to its skewness and kurtosis, and wage persistence. Family and government insurance reduce, but do not eliminate these non-linearities in household disposable income by age and previous earnings in both countries.

Keywords: earnings risk; family insurance; government insurance; Wage risk (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec and nep-ias
Date: 2019-05
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=13720 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Working Paper: Family and Government Insurance: Wage, Earnings, and Income Risks in the Netherlands and the U.S (2019) Downloads
Working Paper: Family and Government Insurance: Wage, Earnings, and Income Risks in the Netherlands and the U.S (2019) Downloads
Working Paper: Family and Government Insurance: Wage, Earnings, and Income Risks in the Netherlands and the U.S (2019) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:13720

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... rs/dp.php?dpno=13720

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().

 
Page updated 2019-10-25
Handle: RePEc:cpr:ceprdp:13720