Using the Survey of Income and Program Participation (SIPP) we estimate quarterly labor earnings risk across 21 industries of the US economy. We document a significant and positive association between earnings risk (both permanent and transitory) and average log-earnings across industries. The...

This paper offers new evidence on the sources of cross-country income differences by investigating the role public capital in development accounting. I explicitly measure private and public capital stocks, and I find large differences in both types of capital across countries. Moreover,...

I document differences in labor supply between a set of Latin American countries and the U.S, in the period 1990-2005. These differences are mostly explained by large differ-´ ences in female labor supply. In the U.S. the female labor force participation was 69% by 1990, while in Brazil and...