This paper studies empirically the links between international trade and labor income risk faced by workers in the … United States. We use longitudinal data on workers to estimate time-varying individual income risk at the industry level. We … then combine our estimates of persistent labor income risk with measures of exposure to international trade to analyze the …

The magnitude of and heterogeneity in systematic earnings risk has important implications for various theories in macro …, labor, and financial economics. Using administrative data, we document how the aggregate risk exposure of individual … earnings to GDP and stock returns varies across gender, age, the worker's earnings level, and industry. Aggregate risk exposure …