07-069/2 - Idiosyncratic Labour Income Risk and Aggregate Consumption: an Unobserved Component Approach

• Author
  Lorenzo Pozzi, Erasmus University Rotterdam
• Publication date
  September 12, 2007

• Keywords
  Labour income uncertainty; consumption; precaution; state space models; GARCH errors; unobserved component; Bayesian
• JEL
  E21