This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill … not work at all, time spent with children, and child-related expenditures, we find that income risk impacts skill … childhood is hard-as available evidence suggests-uninsurable income risk can negatively impact the labor market prospects of …

Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly … workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore … (marginal) effect of wealth on the job exit rate. But even with a rich set of regressors the question remains whether there are …

We analyze general equilibrium relationships between trade policy and the household distribution of income, decomposing …-adjusted social welfare functions in a general equilibrium structure mapping from tariff protection to household inequality. This …

to a significant overestimation of consumption insurance and even more so at the bottom of the wealth distribution. …

construction of reliablesemi-parametric estimates of the risk associated with extreme pricemovements. Our approach is based on semi …