constraints have been essentially detrimental for employment among SMEs experiencing a negative demand shock or facing strong …

argue that the German government handled the immediate response to the energy shock well, but subsequently waited too long … controls as an optimal policy response to an energy shock within a general equilibrium framework. We develop a simple … generate endogenous price uncertainty in the wake of an energy shock. We also link our analysis to the so-called sunspot …

heterogeneous income risk, liquid and illiquid assets, price adjustment costs, and in which households differ by their occupation …-specific skills. Labor income is a combination of endogenous occupational wages and idiosyncratic shock. Occupational reallocation and … occupation-specific infection risk and a ZLB policy and study the impact of occupational and aggregate labor supply shocks. We …

We estimate the changes in US male labor market risk over the last three decades in a model of endogenous labor supply … a life-cycle model with search frictions, we show that the estimated changes in risk can account for 85 percent of the … increase in within group wage inequality. The welfare costs of rising risk are small. …

We study workers' idiosyncratic earnings risk over the life-cycle using a German administrative data set. Positive and … incomplete markets model. Moreover, age-varying risk implies a linear increase in consumption inequality late in working life. …

into an i.i.d. generational consumption shock. In other words, each generation bears all of the risk associated with their … producing human capital. We also demonstrate that this attenuation effect tends to concentrate generational consumption risk … around the generation subject to the birth rate shock. In a limiting case, we show that an i.i.d birth rate shock translates …

for firms. We rationalize these findings in a model of risk sharing between a risk-averse firm and workers with limited …