In this paper, we empirically assess the causal links between trade and individual income risk and study the role that … 2012. Our estimates suggest substantial heterogeneity in labor income risk across workers in different entry cohorts and …-industry changes in imports and exports are causally related to income risk: Imports increase risk and exports decrease risk, and they …

. In the process we integrate a Conditional Value at Risk (CVaR) restriction on overall plan costs into the pension manager …

risk. This study develops the concept of "political risk" as the possibility that some future legislature will be forced to … and macroeconomic variables that support it. Thus there is a "political risk" to participants that might be compared to … the "market risk" in a personal accounts retirement scheme. In this paper, we carry out a detailed quantitative analysis …

Are fluctuations in firms' profitability risk a major cause of regular business cycles? We study this question within … such a model, surprise increases of risk lead to a wait-and-see policy for investment at the firm level and a decrease in … the size of firm-level risk fluctuations. We find that time-varying firm-level risk on its own is unlikely to be a major …