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Effects of Macro Uncertainty on Mean Expectation and Subjective Uncertainty : Evidence from Households and Professional Forecasters

Piccillo, Giulia; Poonpakdee, Poramapa - 2022

Macroeconomic uncertainty affects the subjective distribution of individual expectations. Using four panel datasets, we document the effects of macro uncertainty on the mean expectation (first moment) and subjective uncertainty (second moment) of income forecasts. We find that macro uncertainty...

Persistent link: https://www.econbiz.de/10013309488

Delays in renewal of labor contracts : theory and evidence

Danziger, Leif (contributor); Neuman, Shoshana (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001731028

Should I stay or should I go? : A note on employment protection, domestic anchorage, and FDI

Dewit, Gerda (contributor); Görg, Holger (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001784184

Risk-adjusted returns to education

Delaney, Judith - 2019

This paper looks at the joint impact of labour market risk and selection in to the labour market on returns to … education. Accounting for non-employment risk leads to substantial changes in returns while wage risk has little impact. The … risk- adjusted returns to both high school and college for males are larger than unadjusted returns. For females, risk …

Persistent link: https://www.econbiz.de/10012022693

Accounting for wealth concentration in the US

Kaymak, Barıș; Leung, David; Poschke, Markus - 2020

The recent literature has argued for high concentration of earnings, differences in rates of return on assets and bequests as potential determinants of the high level of wealth concentration in the US. Analyzing the joint distribution of earnings, capital income and net worth, we find evidence...

Persistent link: https://www.econbiz.de/10012194632

Demographic uncertainty and generational consumption risk with endogenous human capital

Emerson, Patrick M.; Knabb, Shawn D. - 2018

producing human capital. We also demonstrate that this attenuation effect tends to concentrate generational consumption risk … into an i.i.d. generational consumption shock. In other words, each generation bears all of the risk associated with their …

Persistent link: https://www.econbiz.de/10011803190

Education and risk compensation in wages : a quantile regression approach

Vieira, José António Cabral; Constância, Carolina; … - 2019

literature on the issue, both results are consistent with the notion of wage compensation for risk-averse workers. However, our …. Apparently, those at the upper end of the conditional wage distribution have both higher risk-aversion and higher affection for …

Persistent link: https://www.econbiz.de/10011993927