uncertainty shocks measured by stock market volatility have a significant impact on the U.S. unemployment rate. We then develop a …

lead to man-cessions, i.e. employment falls and more strongly so for men. By contrast, an expansionary fiscal shock …

than by GARCH type volatility estimates. The t-DCC estimation procedure is applied to a portfolio of daily returns on … suggest a general trend towards a lower level of return volatility, accompanied by a rising trend in conditional cross …

volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …

We study workers' idiosyncratic earnings risk over the life-cycle using a German administrative data set. Positive and … incomplete markets model. Moreover, age-varying risk implies a linear increase in consumption inequality late in working life …

In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married … just improve the allocation of risk at the individual level, but also have implications for the allocation of risk at the … more aggregated state-level. Quantitatively, the impact of marriage on interstate risk sharing varies over divorce regimes …

substantial. The second result is that true wage risk is almost three times as large as the wage variance observed after job … mobility, which is what other papers in the literature have called wage risk. This suggests a very different picture of the …