-studied phenomenon. However, people might already adjust their labour supply when their partner is at risk of losing his/her job. Using … household member is at risk of losing his/her job, the partner is 30% more likely to enter the labour market (extensive margin …, while the high-educated wait for this risk to materialise. …

country selection is incorporated into the strategies, but the risk of thestrategies increases proportionally. Second, we test …. We find no evidence of higher market risk or lower liquidity ofthe strategies. Instead, based on the developments of …

. Spouses have to choose between risky lotteries, first separately and then jointly. We find that spouses' individual risk …

We discuss the notion of liquidity and liquidity risk within the financial system. We distinguish between three … the root of liquidity risk lies in information asymmetries and the existence of incomplete markets. The role of central … risk. …