We investigate the impact of workers' exposure to unemployment risk on CEO incentive compensation. Exploiting state …-level changes in unemployment benefits as a source of variation in workers' unemployment costs, we find that after unemployment … insurance benefits become more generous boards increase the convex payoff structure of CEO pay to encourage risk-taking. The …

This paper presents large-sample evidence that firms consider labor unemployment risk when setting their resource … cost behavior and takes an early step to examine the accounting implications of labor unemployment risk …' deliberate adjustment to committed resources in the existence of adjustment costs. We argue that workers' unemployment costs …

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 …

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 …