We identify a shock that explains the bulk of fluctuations in equity risk premia, and show that the shock also explains … contract workers. A real model with labor market frictions and fluctuations in risk appetite can explain all of these facts …, both qualitatively and quantitatively. The size of risk-driven fluctuations depends on the relationship between the …

We inject aggregate uncertainty - risk and ambiguity - into an otherwise standard business cycle model and describe its …

We develop a theory of endogenous uncertainty and business cycles in which short-lived shocks can generate long …

Emerging markets business cycle models treat default risk as part of an exogenous interest rate on working capital …

Empirical work testing for a negative tradeoff between risk and incentives, a cornerstone of agency theory, has not had …

's systematic equity risk and falls with the firm's unsystematic equity risk. Further, an increase in the firm's total equity risk … is associated with a fall in q. The negative relation between the change in total risk and the change in q is robust …

implications of risky behaviors by youths. I begin by reviewing perspectives on youth risk-taking from traditional rational … risk-taking by youths, and how this compares to adults. I review the evidence on youth risk taking from the studies in this … risk taking by youths, (b) despite this, these factors are not very successful in predicting the dramatic time series …