This study empirically examines the fragility of five major Asian economies (China, Hong Kong, India, Japan, and South … asymmetric effect on macro variables of China, Hong Kong, and South Korea during the quantitative easing period (QE) and the …

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 …

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 …

Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels …. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded …, the accession of China to the World Trade Organization has dramatically amplified the effects of these structural …

Using a new composite climate-risk index, we show that population in high-risk counties has grown disproportionately … largely driven by increases in the (white) working-age population. In addition, we show that high-risk tracts have typically … grown more than low-risk tracts within the same county, suggesting the presence of highly localized amenities in high-risk …

We evaluate the duration of the China trade shock and its impact on a wide range of outcomes over the period 2000 to … similar to those caused by the decline of employment in coal production since the 1980s, indicating that the China trade shock … 2019. The shock plateaued in 2010, enabling analysis of its effects for nearly a decade past its culmination. Adverse …