stronger distaste for low relative wealth translates into reduced relative risk aversion and, consequently, into riskier … prone to divorce exhibit risk-taking behavior that is more similar to that of single men than married men in environments …

increases in risk taking. Where we can separately identify changes in risk-independent performance and risk taking, our … increases in risk taking. These effects are concentrated among those closest to the margin of elimination and among lower …

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. …

shocks to the first and second moments of idiosyncratic risk on macroeconomic outcomes. An increase in demand uncertainty …

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 …

households reduce their financial risk exposure when confronted with background risk. Our novel modelling approach - termed a … risk, and is unique in recovering for, any given risky asset class, the shares that are reallocated to a safer asset … category. Background risk exerts a significant impact on household portfolios, resulting in a 'flight from risk', away from …