Fugazza, Carolina; Giofre, Maela; Nicodano, Giovanna - Collegio Carlo Alberto, Università degli Studi di Torino - 2010
Do equity markets help diversifying away industry-related labor income risk? This paper reconsiders the hedging role of stock markets by focusing on international equity diversification, rather than domestic asset allocation, and on industry wage, rather than individual labor income. We test for...