show that the marginal income risk effect on wages is always positive whereas the marginal unemployment risk effect … crucially depends on the income risk. The interaction effect between both risk measures is negative. Using administrative panel …We examine whether income and unemployment risks are compensated by individual wages. Using a portfolio approach we …

We develop a general equilibrium model of earnings, income and wealth heterogeneity in continuous time. We extend … interest rates provide a mechanism to link earnings, income and wealth distributions. We use this connection to demonstrate …

We investigate for Germany the positive correlation between the corporate savings glut in the non-financial corporate … corporate savings and the current account surplus. Private savings shocks, in contrast, cannot explain the correlation. We … conclude that a corporate savings glut is a main driver of the current account surplus. …