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Life-cycle shocks and income


  • Mary C. Daly
  • Kenneth A. Couch

    (Syracuse University
    Federal Reserve Bank of St Louis
    University of Connecticut
    Cornell University)

  • Colin Gardiner


Unexpected events such as job displacement, disability, and divorce can have negative effects on individual and family income. For many families, social insurance provided by the government plays an important role in buffering the impact of these shocks. However, on average, Americans depend more on private resources rather than the public sector to insure against these losses.

Suggested Citation

  • Mary C. Daly & Kenneth A. Couch & Colin Gardiner, 2011. "Life-cycle shocks and income," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue mar14.
  • Handle: RePEc:fip:fedfel:y:2011:i:mar14:n:2011-08

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    Cited by:

    1. repec:bla:jconsa:v:51:y:2017:i:1:p:3-26 is not listed on IDEAS
    2. Hannah Thomas, 2013. "The Financial Crisis Hits Home: Foreclosures and Asset Exhaustion in Boston," Housing Policy Debate, Taylor & Francis Journals, vol. 23(4), pages 738-764, October.


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