Dynamics of earnings in Chile

Uncertainty is a key dimension of individual decisionmaking. Individuals cannot insure against certain contingencies under incomplete markets. Uncertainty thus influences the life-cycle evolution of consumption and savings, labor supply and asset allocation, and education and occupation choices. Unc...

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Detalles Bibliográficos
Autores principales:	Huneeus, Cristóbal, Repetto L., Andrea
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	DISTRIBUCIÓN DE RENTAS AHORRO E INVERSIÓN GANANCIAS
Acceso en línea:	https://hdl.handle.net/20.500.12580/3690
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spelling	oai-20.500.12580-36902021-04-24T10:29:32Z Dynamics of earnings in Chile Huneeus, Cristóbal Repetto L., Andrea DISTRIBUCIÓN DE RENTAS AHORRO E INVERSIÓN GANANCIAS Uncertainty is a key dimension of individual decisionmaking. Individuals cannot insure against certain contingencies under incomplete markets. Uncertainty thus influences the life-cycle evolution of consumption and savings, labor supply and asset allocation, and education and occupation choices. Uncertainty and risk also determine income and consumption inequality. Individuals who are identical exante will have different lifetime paths of consumption ex post, as some individuals are lucky and get good draws of income, employment, and health, whereas others get bad shocks and end up with lower levels of consumption over the life cycle. Income mobility and the persistence of income inequality and poverty depend on the dynamics of earnings, health outcomes, investment opportunities, and general earnings capacity. 2019-11-01T00:02:51Z 2019-11-01T00:02:51Z 2005 Artículo 956-7421-20-X https://hdl.handle.net/20.500.12580/3690 eng Series on Central Banking, Analysis, and Economic Policies, no. 8 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 383-410 application/pdf CHILE Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	DISTRIBUCIÓN DE RENTAS AHORRO E INVERSIÓN GANANCIAS
spellingShingle	DISTRIBUCIÓN DE RENTAS AHORRO E INVERSIÓN GANANCIAS Huneeus, Cristóbal Repetto L., Andrea Dynamics of earnings in Chile
description	Uncertainty is a key dimension of individual decisionmaking. Individuals cannot insure against certain contingencies under incomplete markets. Uncertainty thus influences the life-cycle evolution of consumption and savings, labor supply and asset allocation, and education and occupation choices. Uncertainty and risk also determine income and consumption inequality. Individuals who are identical exante will have different lifetime paths of consumption ex post, as some individuals are lucky and get good draws of income, employment, and health, whereas others get bad shocks and end up with lower levels of consumption over the life cycle. Income mobility and the persistence of income inequality and poverty depend on the dynamics of earnings, health outcomes, investment opportunities, and general earnings capacity.
format	Artículo
author	Huneeus, Cristóbal Repetto L., Andrea
author_facet	Huneeus, Cristóbal Repetto L., Andrea
author_sort	Huneeus, Cristóbal
title	Dynamics of earnings in Chile
title_short	Dynamics of earnings in Chile
title_full	Dynamics of earnings in Chile
title_fullStr	Dynamics of earnings in Chile
title_full_unstemmed	Dynamics of earnings in Chile
title_sort	dynamics of earnings in chile
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3690
work_keys_str_mv	AT huneeuscristobal dynamicsofearningsinchile AT repettolandrea dynamicsofearningsinchile
_version_	1718346319030910976

Dynamics of earnings in Chile

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