In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married … just improve the allocation of risk at the individual level, but also have implications for the allocation of risk at the … more aggregated state-level. Quantitatively, the impact of marriage on interstate risk sharing varies over divorce regimes …

substantial. The second result is that true wage risk is almost three times as large as the wage variance observed after job … mobility, which is what other papers in the literature have called wage risk. This suggests a very different picture of the …

exogenous shock. We make use of unique panel data on 7,800 Italian companies between January 2020 - right before the pandemic …-house research activities. On the other, the COVID-19 shock especially jeopardized R&D plans of firms that recently started new …

Korea) to economic policy uncertainty (EPU) of US and EU, and oil prices in different state of the economies. To investigate … a wide range of macroeconomic aspects. Our results indicate that the spillover indices from EPU and oil price shocks to … Asian economies significantly vary across quantiles. The results from sub-sample analysis show that the US EPU has an …

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. …

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

uncertainty ; wage shocks ; risk sharing ; wage insurance …