moments of the distributions of earnings, employment and wage shocks across individuals. Our main finding is that … idiosyncratic risk increases during contractions in the labour market. Furthermore, we find evidence of insurance, both at the … household level and in the form of public insurance. However, private and public insurance mechanisms against an increase in …

distributions of health and wealth, leading to differences in the ability to mitigate future income shocks. We study consumption … health and wealth are jointly determined under income and health risk that are related to disease outbreak risk. We calibrate … in wealth and health, implying persistent increases in wealth inequality that are characterised by increases in wealth …

A well-established stylised fact is that employer provided job-related training raises productivity and wages. Using UK … very effective in reducing inequality, measured as the distance between skilled and unskilled wages and incomes. …