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首页> 外文期刊>Review of Income and Wealth >CAN HOUSEHOLDS AND WELFARE STATES MITIGATE RISING EARNINGS INSTABILITY?
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CAN HOUSEHOLDS AND WELFARE STATES MITIGATE RISING EARNINGS INSTABILITY?

机译：家庭和福利国家可以减轻收入的不稳定吗？

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摘要

We compare the evolution of earnings instability in Germany and the United Kingdom, two countries which stand for different types of welfare states. Deploying data from the German Socio-Economic Panel (SOEP) and the British Household Panel Survey (BHPS), we estimate permanent and transitory variances of male income over the period 1984-2009 and 1991-2006, respectively. Studies in this literature generally use individual labor earnings. To uncover the role of welfare state and households in smoothening earnings shocks, we compute different income concepts ranging from gross earnings to net equivalent household income. We find evidence that the overall inequality of earnings in Germany and the United Kingdom has been rising throughout the period due to both higher permanent earnings inequality and higher earnings volatility. However, taking institutions of the welfare state and risk-sharing households into account, we find that the volatility of net household income has remained fairly stable. Furthermore, redistribution and risk insurance provided by the welfare state is more pronounced in Germany than in the United Kingdom.
机译：我们比较了代表不同福利国家类型的两个国家德国和英国收入不稳定的演变。利用德国社会经济专家组（SOEP）和英国家庭专家组调查（BHPS）的数据，我们分别估算了1984-2009年和1991-2006年男性收入的永久性和暂时性差异。这些文献中的研究通常使用个人劳动收入。为了揭示福利国家和家庭在缓解收入冲击方面的作用，我们计算了不同的收入概念，从总收入到家庭净等值收入。我们发现有证据表明，由于较高的永久性收入不平等和较高的收入波动性，整个期间德国和英国的总体收入不平等现象一直在加剧。但是，考虑到福利国家的机构和分担风险的家庭，我们发现家庭净收入的波动仍然相当稳定。此外，与英国相比，福利国家提供的再分配和风险保险在德国更为明显。

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