Based on 1996, 2001, and 2004 data, examines the incidence of incomes of individuals with children falling substantially over a four-month period and the incidence of their recovering to pre-decline levels. Compares data by income quintile

Austin Nichols

Gregory Acs

Pamela J. Loprest

English

Policymakers and the public are increasingly sens-ing that families are on their own, at the mercy of uncontrollable events such as illness or downsizing and at ever-increasing risk of suffering financial losses and declines in their material well-being as a result of these events. A spate of recent research has begun to assess whether this perception is borne out by data on income and earnings. Most of this work has focused on the volatility of earnings and income—for example, how much a family’s income moves up or down from year to year1— while some hones in on substantial declines in income. The data and research generally support the popular perception that income has grown more volatile over time, although the magnitud

Pamela Loprest

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Risk and Recovery Documenting the Changing Risks to Family Incomes

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Risk and Recovery: Documenting the Changing Risks to Family Incomes

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Risk and Recovery: Documenting the Changing Risks to Family Incomes

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