tailieunhanh - Handbook of LABOR ECONOMICS

The objective of this chapter is to discuss recent developments in the literature that studies how the dynamics of earnings and wages affect consumption choices over the life cycle. Labor economists and macroeconomists are the main contributors to this area of research. A theme of interest for both labor economics and macroeconomics is to understand how much risk households face, to what extent risk affects basic household choices such as consumption, labor supply and human capital investments, and what types of risks matter in explaining These are questions that have a long history in economic. | Orley Ashenfelter David Card Labor Economics VOLUME 4B NORTH-HOLLAND Handbook of LABOR ECONOMICS VOLUME J INTRODUCTION TO THE SERIES The aim of the Handbooks in Economics series is to produce Handbooks for various branches of economics each of which is a definitive source reference and teaching supplement for use by professional researchers and advanced graduate students. Each Handbook provides self-contained surveys of the current state of a branch of economics in the form of chapters prepared by leading specialists on various aspects of this branch of economics. These surveys summarize not only received results but also newer developments from recent journal articles and discussion papers. Some original material is also included but the main goal is to provide comprehensive and accessible surveys. The Handbooks are intended to provide not only useful reference volumes for professional collections but also possible supplementary readings for advanced courses for graduate students in economics. KENNETH J. ARROW and MICHAEL D. .