-term unemployment spells to have permanent effects on subsequent labor income prospects. The risk of losing future labor income could …

Financial risk and longevity risk are the main risks affecting pension income. This paper analyses gender differences … related to how financial risk taking and survival expectations are correlated. We analyse data from the “Survey of Health …, Ageing and Retirement in Europe” (SHARE) database and find a significant gender gap in self-assessed risk tolerance …

This paper examines the optimal allocation of risk across generations whose savings mix is subject to illiquidity in … thus lowers the benefits of risk-sharing. Higher illiquidity then may justify higher levels of risk sharing to compensate …

major disaster region underweight disaster zone stocks to a much greater degree than distant managers and that this aversion … to disaster zone stocks is related to a salience bias that decreases over time and distance from the disaster, rather …

model with heterogeneous agents, we reveal the existence of an extreme weather risk premium in the cross-section of stock … risk factors from standard asset pricing models nor by firm characteristics. Our results reveal a novel link between … climate risk and firm value. …