Consumption and risk sharing over the life cycle / Kjetil Storesletten, Chris I. Telmer, Amir Yaron Storesletten, Kjetil

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Storesletten, Kjetil
Appears In
Journal of Monetary Economics
Income distribution - United States.; Consumption (Economics) -- Analysis; Equilibrium (Economics) -- Models
Academic; Trade
Earnings inequality is exogenous and is calibrated to match data from the U.S panel study on Income Dynamics. A general equilibrium overlapping generations model is used in which households face earnings shocks over the course of their lifetime.
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