Caplin, Andrew; Gregory, Victoria; Lee, Eungik; … - National Bureau of Economic Research - 2023
Earnings risk is central to economic analysis. While this risk is essentially subjective, it is typically inferred from … administrative data. Following the lead of Dominitz and Manski, 1997, we introduce a survey instrument to measure subjective earnings … risk. We pay particular attention to the expected impact of job transitions on earnings. A link with administrative data …