model of time-varying labor income risk and study the implications of stochastic covariance between labor income and … dividends for the dynamics of the risk premiums on financial wealth and human capital"--National Bureau of Economic Research web …

risk diversification across working-life wages in computing benefits. -- social security reforms ; uncertainty ; risk …This paper analyzes the welfare effects of the Italian social security system in an economy with uncertainty on wages … turns out to decrease ex-ante individual welfare, unless restrictions are assumed on retirement behavior. Overall, risk …

and unfunded systems when there are sources of uninsurable risk that are allocated in different ways by different types of …