The magnitude of and heterogeneity in systematic earnings risk has important implications for various theories in macro …, labor, and financial economics. Using administrative data, we document how the aggregate risk exposure of individual … earnings to GDP and stock returns varies across gender, age, the worker's earnings level, and industry. Aggregate risk exposure …

risk of fatal hazards is fraught with problems. The theoretical basis for such estimates are flawed in a number of …

-choice decisions to quantify the nature and amount of income risk that households face. We accomplish this task by estimating a … lifetime income risk that households perceive is substantially smaller than what is typically assumed in calibrated …

This paper presents a market equilibrium model of CEO assignment, pay and incentives under risk aversion and … distorted by the agency problem as firms involving higher risk or disutility choose less talented CEOs. Such firms also pay … higher salaries in the cross-section, but economy-wide increases in risk or the disutility of being a CEO (e.g. due to …

linking the CIV factor to income risk faced by households. These three facts are consistent with an incomplete markets …

explain a large proportion of the LFP increase. Higher divorce risk increases LFP not because the latter contributes to higher … towards the adjustment of marital consumption in the face of increased divorce risk …

The extent to which households can self-insure depends on family structure and wage risk. We calibrate a model of …