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How Income Volatility Affects Food Volatility
Income volatility often has negative consequences for families, especially for those with children. Children living in households with unstable incomes are more likely to experience behavioral problems, reduced earnings, and income instability later in life. How well can households insure themselves against fluctuations in income? If families are able to predict these fluctuations and have full access to credit markets, they should be able to smooth their consumption over time, and income fluctuations should not impact a family’s ability to purchase necessary goods and services. In this blog post, we explore the ... (full story)