wages. Our findings from the Norwegian administrative and survey data are as follows: (i) Nonlinear mean reversion in … earnings is driven by the dynamics of hours worked rather than wages since wage dynamics are close to linear, while hours … changes are driven equally by hours and wages, whereas small changes are associated mainly with wage shocks. (iii) Both wages …

This paper shows that the impact of labor income risk on the cross-section of expected stock returns depends crucially … robust evidence that the two- to four-year horizon strongly dominates. Labor income risk at this medium term horizon carries … a highly significant price of risk, while at other horizons it does not. A simple two-factor model that includes the …

idiosyncratic risk implied by the benchmark process is between two-to-four times higher than the canonical Gaussian one. Third, the … transitory income (e.g., from a stimulus check) is higher under non-Gaussian earnings risk. …

deviation of wages. Following the procedure proposed by Bonin (2007), this earnings risk measure is used as dependent variable …This study analyzes the relationship of individual risk attitudes and occupational sorting with respect to occupational … earnings risk. By using the German Mikrozensus, a precise measure for earnings risk is computed as the occupation-wide standard …

Greece’s labour market entered the COVID-19 shock following several years of sustained employment growth and with wages …

, the share of performance-pay varies more with respect to talent in finance. These findings are supportive of finance wages …

normality. For the bottom earners, large income changes are driven equally by hours and wages which is consistent with …

earnings risk (both permanent and transitory) and the level of earnings across 21 industries. We propose an equilibrium … relationship between earnings and risk. We use the model to decompose how much of the empirical correlation represents compensation … for risk and how much represents selection. The positive association between permanent risk and earnings is compensation …

earnings risk (both permanent and transitory) and the level of earnings across 21 industries. We propose an equilibrium … relationship between earnings and risk. We use the model to decompose how much of the empirical correlation represents compensation … for risk and how much represents selection. The positive association between permanent risk and earnings is compensation …