Lifecycle Earnings Risk and Insurance: New Evidence from Australia*
نویسندگان
چکیده
This paper studies the nature of earnings dynamics in Australia, using Household, Income and Labour Dynamics Australia (HILDA) Survey 2001–2020. Our results indicate that distribution shocks displays negative skewness excess kurtosis, deviating from conventional linearity normality assumptions. Wage changes are strongly associated with account more for dispersion shocks; meanwhile, contribution hour is largely absent upward movement relatively small downward changes. Furthermore, family government insurance plays distinct roles reducing exposure to risk. Government embedded targeted transfer system important mitigating shocks, whereas via income pooling adjustment secondary earners' labour market activities dominant magnitude likelihood extreme rare shocks. The persistence risk as well role vary significantly across gender, marital parental status. Accounting these non-Gaussian non-linearity features evaluating programmes.
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ژورنال
عنوان ژورنال: Economic Record
سال: 2023
ISSN: ['1475-4932', '0013-0249']
DOI: https://doi.org/10.1111/1475-4932.12723