Women born later experience greater earnings growth volatility at given ages than the next older cohort. This alone … document a moderation in higher-order earnings risk: Both men and women born later face higher skewness in earnings changes …, driven by greater lower-tail earnings risk, whereas younger women were much less affected. …

Women born later experience greater earnings growth volatility at given ages than older cohorts. This implies a welfare …-order earnings risk: Men and women born later face higher skewness in earnings changes, indicating fewer large decreases than …, males' skewness dropped sharply; younger women were unaffected. …