, Germany, Hungary and Spain). We then analyze possible implications from a hypothetical switch to smoother income tax tariffs …

This paper uses annual data drawn from the GSOEP to estimate individual earnings risk (labor market risk) in Germany … been rising in West Germany in the 1990s and have remained at elevated levels in the 2000s. In contrast, labor market risk … of the observed rise in the permanent component of earnings risk in West Germany are substantial. We argue that the time …

The theory of compensating wage differentials is generally accepted. Still, there has been no strong or even contrary … evidence for compensating wage differentials in Germany so far. Estimating wage regressions with data of the German Socio …-Economic Panel (GSOEP) within individually perceived hazards of work accidents as a risk variable, evidence for compensating wage …

(ULMS) to investigate whether risk attitudes have primary (exogenous) determinants that are valid in different stages of … then analyze the stability of the risk measures over time. Between 2007 and 2012 we have the Great Recession, which had a … to investigate whether and how the crisis impacted on the risk attitudes in the two countries. By focusing on self …

This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general … equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of …

The risk of default that business firms face is very significant and differs widely across countries. This paper … explores the links between countries' business conditions and international trade embedment and the default risk at the country … default risk of firms which operate in these environments. The predictions are in accord with readily available data …

We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The … approach allows for changes in income risk over the life-cycle and with the business cycle. It requires only repeated cross … decomposing income risk. The approach is used to investigate the changes in income risk in Britain across the inequality growth …

consumption-saving model with labor income risk and incomplete markets to relate income dynamics to consumption and welfare, and …) welfare-neutral. A smaller part of measured income mobility is due to either welfare-reducing income risk or welfare …