This paper compares four forms of inter-regional financial risk sharing: (i) segmentation, (ii) integration trough the secured interbank market, (iii) integration trough the unsecured interbank market, (iv) integration of retail markets. The secured interbank market is an optimal risk-sharing...

This paper explores the links between individuals' early career experiences and their labor market outcomes 5 to 20 years later using data from France, (western) Germany, and the United States. Relative to most of the literature, we consider a large set of measures of men's early career...