We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The … approach allows for changes in income risk over the life-cycle and with the business cycle. It requires only repeated cross … decomposing income risk. The approach is used to investigate the changes in income risk in Britain across the inequality growth …

, but with increments being smaller in the European data. Third, we find that wage risk is procyclical in Germany while it … determining the cyclical properties of labor market risk …

have over those risks are weakly negatively correlated. Managerial risk ratings are positively associated with both injury …

This paper presents evidence suggesting men's (but not women's) risk and time preferences have systematically become … for 22,579 Australian-based respondents in up to 11 surveys from 2002-2015, men respond with increased risk aversion and … since 2008. This 'happiness channel' only partially explains the link between the local unemployment rate and risk …

We study the interrelation between two types of risk sharing -- within the firm and on capital markets -- by analyzing … the effect of wrongful-discharge laws (WDLs) on stock returns. Consistent with rational, risk-based pricing, the effect on … returns is linked to how shareholders and workers share systematic risk via distinct channels of employment and wage …

on the exact design of the law. Consistent with rational, risk-based pricing, the effect on returns seems to be linked to … how firms share systematic risk with their employees under the respective laws. Firms in states with WDLs prohibiting … employers from acting in bad faith have more intra-firm risk sharing and lower expected returns. Vaguer legislation that …

considers the evidence on return predictability, risk aversion and market efficiency. The paper then focuses on the theoretical …