Earnings risk in the household evidence from millions of US tax returns Seth Pruitt, Nicholas Turner
By: Pruitt, Seth
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Contributor(s): Turner, Nicholas.
Material type: 
ArticlePublisher: 2020Subject(s): RENTA FAMILIAR | RIESGO | DECLARACIONES TRIBUTARIAS | ESTADOS UNIDOS
In:
The American Economic Review v. 2, n. 2, June 2020, p. 237-254Summary: Using detailed Internal Revenue Service administrative data on millions of households, we find that households effectively insure against much of the risk facing primary earners. We show that households face less risk than males alone, and households face roughly half the countercyclical risk increase. As a result of these risk differences, household certainty equivalent earnings are 19 percent higher than for males alone, and household certainty equivalent earnings fall by about half as much during recessions. To facilitate related research, we make available the aggregated data used in our analysis.
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| OP 2145/2020/1 The American Economic Review | OP 2145/2020/1-1 Tax policy and local labor market behavior | OP 2145/2020/2 The American Economic Review | OP 2145/2020/2-1 Earnings risk in the household | OP 2145/2020/3 The American Economic Review | OP 2145/2020/4 The American Economic Review | OP 2145/2021/1 The American Economic Review |
Resumen.
Bibliografía.
Using detailed Internal Revenue Service administrative data on millions of households, we find that households effectively insure against much of the risk facing primary earners. We show that households face less risk than males alone, and households face roughly half the countercyclical risk increase. As a result of these risk differences, household certainty equivalent earnings are 19 percent higher than for males alone, and household certainty equivalent earnings fall by about half as much during recessions. To facilitate related research, we make available the aggregated data used in our analysis.
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