Overview of the book -- Economic turbulence : what, who, and how much? -- The industries -- Firms, their workers, and their survival -- Firm turbulence and job ladders -- Turbulence and worker career paths -- Economic turbulence and middle-income jobs -- Conclusions and implications for policy

Counter-cyclical variation in individuals' idiosyncratic labor income risk could generate substantial welfare costs. Following past research, we infer income volatility - the variance of permanent income shocks, a standard proxy for income risk - from the rate at which cross-sectional variances...