by Mark Thoma, University of Oregon (Department of Economics)

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Is Income Volatility Really Rising?

Posted on June 25, 2008

I've presented quite a bit of Jacob Hacker's work here, so it's only fair that I also present intelligent responses to it. Justin Wolfers has the details, and I added a few comments at the end:Is Income Volatility Really Rising? For Whom?, by Justin Wolfers:Jacob Hacker sGreat Risk Shift described rising income risk over recent decades as an important and quite general phenomenon. While there s beenplenty of controversy around that claim,the most careful analysis I have seen roughly supports Hacker s contention. ...What Hacker actually shows is that the average level of income volatility...

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budget , economy