Fugazza, Carolina; Giofré, Maela; Nicodano, Giovanna - In: International Review of Economics & Finance 20 (2011) 4, pp. 764-783
Do equity markets help diversifying away industry-related labor income risk? This paper reconsiders the hedging role of stock markets by focusing on international equity diversification, rather than domestic asset allocation, and on industry wage, rather than individual labor income. We compare...