This investigation of compensating wage differentials uses an instrument for the risk of unemployment, namely, the … industry-specific shipment volatility, to address some empirical anomalies found in the literature. I find that risk premiums … for the risk of unemployment range from 8.5 to 19 percent when the covariance between shipment volatility and total …

Since 2008, when Taiwan's President Ma Ying-Jeou relaxed the Cross-Strait policy, China has become Taiwan's largest … source of international tourism. In order to understand the risk persistence of Chinese tourists, the paper investigates the … short-run and long-run persistence of shocks to the change rate of Chinese tourists to Taiwan. The daily data used for the …