step, we focus on how risk exposure and income are related to preferences for redistribution. To test our hypotheses, we … extract detailed risk-exposure measures from labour-force surveys and marry them to cross-national opinion survey data … redistribution. Institutions, we argue, mediate governments' reactions to redistributional demands following economic shocks. Using …

on how risk exposure and income are related to preferences for redistribution. To test our hypotheses, we extract … detailed risk exposure measures from labor force surveys and marry them to cross-national survey data. In a second step, we … turn our attention to the supply side of government redistribution. Institutions, we argue, mediate governments' reactions …

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. …