uncertainty. The investment performance of 14 sectors is examined within a dynamic investment model. Robust GMM estimates of the …We investigate the effect of uncertainty on investment. We employ a unique dataset of 25000 Greek firms' balance sheets … investment rate model reveal a high degree of heterogeneity among these sectors. Overall uncertainty affects negatively …

Is individual labor income more risky in recessions? This is a difficult question to answer because existing panel data … macroeconomic history that each member of the panel has experienced. Variation in the cross-sectional variance between households … our data do not begin until 1968. We implement this estimator using household-level labor earnings data from the Panel …