Federal Reserve Bank of St. Louis: 'Earnings Misperceptions and Household Distress'
October 29, 2025
October 29, 2025
ST. LOUIS, Missouri, Oct. 29 (TNSLrpt) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2025-030) on October 24, 2025, by Stefan Song and Juan Sanchez entitled "Earnings Misperceptions and Household Distress."
Here are excerpts:
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Households learn whether income changes are temporary or persistent from the history of their own paychecks. This paper develops a quantitative model of household financial distress that . . .
Here are excerpts:
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Households learn whether income changes are temporary or persistent from the history of their own paychecks. This paper develops a quantitative model of household financial distress that . . .