alternative measures of income uncertainty in a cross-section of households. In addition to the usual controls, risk aversion is …

intergenerativer Umverteilung, fiskalischem Bestreben nach Nachhaltigkeit und politischem Risiko einzelner Kohorten steht im Zentrum … Risiko der gesetzlichen Rentenversicherung über die letzten Jahrzehnte. Dabei wird verdeutlicht, dass die hinter diesem … Risiko stehenden politischen Aktivitäten im Regelfall nichts anderes darstellen, als den Versuch intergenerative …

2001-2012. We estimate dynamic labor supply equations augmented with a measure of wage risk. Our results show that married …. This implies that about 26% of precautionary savings are due to precautionary labor supply. If self-employed faced the same … wage risk as the median civil servant, their hours of work would reduce by 4%. …

endogenous firing as well as a short-time work decision. In recessions, short-time work reduces the unemployment risk of workers …, which mitigates their precautionary savings motive and aggregate demand falls by less. Using a quantitative model analysis …