³³See Table 1 in the ECB working paper version of Carroll et al. [2015] for a comprehensive overview of estimates of variances of idiosyncratic income shocks; Carroll, Christopher D., Jiri Slacalek, and Kiichi Tokuoka (2014): “Buffer-Stock Saving in a Krusell–Smith World,” working paper 1633, European Central Bank, https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1633.pdf.