left on the labor market prior to retirement. This short horizon implies a more digressive replacement ratio. However …, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems. …

Financial markets provide imperfect insurance of labor income risk. However, workers can partly insure against labor … market risk by commuting to adjacent regions. Since commuters own wage claims to output produced in adjacent regions, the … business cycle in the neighborhood becomes a relevant risk factor at the regional level. In our empirical analysis for US …

controlling for differential risk attitudes. Our empirical investigation is based on a dataset drawn from the 1989-2006 Bank of … Italy Survey of Household Income and Wealth. …

using a suitable direct measure provided in the 1989-2010 Bank of Italy Survey of Household Income and Wealth. Focusing on a … and total income and wealth, but more importantly that it increases with the difference between hers and her husband …'s characteristics in terms of age, education, and income. The main conclusion is that decision-making power over family economics is not …

using a suitable direct measure provided in the 1989-2010 Bank of Italy Survey of Household Income and Wealth. Focusing on a … and total income and wealth, but more importantly that it increases with the difference between hers and her husband …'s characteristics in terms of age, education, and income. The main conclusion is that decision-making power over family economics is not …

controlling for differential risk attitudes. Our empirical investigation is based on a dataset drawn from the 1989-2006 Bank of … Italy Survey of Household Income and Wealth. …

-durable consumption. Introducing labor income risk into the model does not necessarily increase the importance of market insurance if the … in a model with non-durable and durable consumption. The stock of the durable is exposed to risk against which households … fluctuations of the predetermined durable stock. Second we solve the model numerically. With deterministic labor income the …