"This study presents evidence that the correlation in brothers' earnings has risen in recent decades. We use two … distinct cohorts of young men from the National Longitudinal Surveys and estimate that the correlation in earnings between … important in determining economic outcomes. We find that neither the correlation in years of schooling nor the rising return to …

-based ex-post measures of macroeconomic risk. Inflation uncertainty is an important driver of bond premia, but the relation …This paper examines the relation between variations in perceived inflation uncertainty and bond premia. Using the … average individual uncertainty about inflation forecasts since 1968. We show that this ex-ante measure of inflation …

This review article examines the role of labor income risk in determining the value of a person’s human capital. We … framework, we highlight the implications of different assumptions about the correlation between market returns and labor income … to assess the value and risk of pension promises. Finally, we discuss how to enrich the environment with heterogeneity in …