The Nature of Countercyclical Income Risk
NBER Working Paper No. 18035
---- Acknowledgments ----
A substantial part of this paper was completed while Guvenen was a visiting economist at the Federal Reserve Bank of Chicago, whose hospitality is gratefully acknowledged. The views expressed herein are those of the authors and not necessarily those of the Social Security Administration, the Federal Reserve Bank of Chicago, the Federal Reserve System, or the National Bureau of Economic Research.