market with reinvestment risk, since in this case the total liability cannot easily be separated into hedgeable and non …

theory suggests that with increasing labor income risk, the reluctance of households to hold stocks increases. We propose to … measure income risk as the observed variation of household income over a five year period. We find that indeed higher income … risk reduces the propensity to invest in stocks. However, when controlling for household heterogeneity as well as …

I find that the index of geopolitical risk (GPR) is significantly associated with both the extensive and intensive …

I find that the index of geopolitical risk (GPR) is significantly associated with both the extensive and intensive …