This paper documents the role of unemployment and earnings risk in reconciling evidence in payoff differentials between … the role of lower unemployment risk in self-employment. We decompose earnings risk dynamics by estimating a life … throughout their life-cycle. Our results challenge the conventional view that self-employment necessarily entails higher risk and …

ein negativer Interaktionseffekt. Der marginale Effekt des Einkommensrisikos auf den Lohn ist positiv. Der marginale …

wage risks and shows the risk of old-age poverty in Germany. After a short introduction, the effects of income and … unemployment risks on individual wages are analyzed in chapter 2. Building on a portfolio model for the labor market, the effects … also a negative interaction effect. The marginal effect of the income risk is positive. However, the marginal effect of the …

literature. Our analysis is cast within a dynamic setting and the endogeneity of each outcome is assessed through the estimation … Survey on Income and Living Conditions for the years 2004-2013. The error terms are both correlated across equations and … longer employment and unemployment spells, they must contend with lower earnings than tenants upon reemployment. They also …

-Economic Panel (GSOEP) within individually perceived hazards of work accidents as a risk variable, evidence for compensating wage …

We estimate the changes in US male labor market risk over the last three decades in a model of endogenous labor supply … a life-cycle model with search frictions, we show that the estimated changes in risk can account for 85 percent of the … increase in within group wage inequality. The welfare costs of rising risk are small. …

We estimate the changes in US male labor market risk over the last three decades in a model of endogenous labor supply … a life-cycle model with search frictions, we show that the estimated changes in risk can account for 85 percent of the … increase in within group wage inequality. The welfare costs of rising risk are small …