model with idiosyncratic labor income risk. In our model economy, even a moderate earnings testing reduces individuals …

national security as of March 2022. Fourth, firm-level risk perceptions skewed heavily to the downside in spring 2020 but …

producing human capital.We also demonstrate that this attenuation effect tends to concentrate generational consumption risk … into an i.i.d. generational consumption shock. In other words, each generation bears all of the risk associated with their …

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 empirically assess the causal relationship between trade and individual income risk and study the … from 1976 to 2012. Our estimates suggest substantial heterogeneity in labor income risk across workers in different entry … exports (per worker) are strongly and causally related to income risk: Imports increase risk and exports decrease risk, and …

heterogeneous income risk, liquid and illiquid assets, price adjustment costs, and in which households differ by their occupation … occupation-specific infection risk and a ZLB policy and study the impact of occupational and aggregate labor supply shocks. We …