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Showing results 1 to 6 of approximately 6.
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Journal Article
Childhood Income Volatility
Rising volatility in family income suggests that government efforts such as the monthly payment of the child tax credit may be appropriate.
How Income Volatility Affects Food Volatility
Family income volatility can affect children negatively in the long term, but it can also determine how much parents are able to spend on food.
Working Paper
Income Volatility and Portfolio Choices
Based on administrative data from Statistics Norway, we find economically significant shifts in households' financial portfolios around structural breaks in income volatility. When the standard deviation of labor-income growth doubles, the share of risky assets decreases by 4 percentage points. We ask whether this estimated marginal effect is consistent with a standard model of portfolio choice with idiosyncratic volatility shocks. The standard model generates a much more aggressive portfolio response than we see in the data. We show that Bayesian learning about the underlying volatility ...
Journal Article
Child Poverty Rates in the Eighth District and Beyond
Child poverty and income volatility are higher in the Fed’s Eighth District than in the rest of the country, but the 2021 child tax credit could help alleviate these issues.
Journal Article
Income Volatility as a Barrier to Food Stamp Takeup
Families with greater volatility in their incomes had more switches in food stamp eligibility and lower rates of food stamp usage when they were eligible.
Speech
Opening Remarks at the Evolution of Work Conference, Federal Reserve Bank of New York, New York City
Remarks at the Evolution of Work Conference, Federal Reserve Bank of New York, New York City.