Hartog, Joop; Diaz-Serrano, Luis - 2014
the option of consumption smoothing in analytical and empirical work. Hedging labour market risk in the stock market can … virtually absent in labour economics text books. This paper documents the scope for risk, discusses the tough disentanglement of … heterogeneity and risk, surveys the analytical models, laments the absence of a good workhorse model and points out the challenges …