Using data from Mexico, the authors study empirically the link between trade policy and individual income risk and the extent to which this varies across workers of different human capital (education) levels. They use longitudinal income data on workers to estimate time-varying individual income...

This paper models an entrepreneur's choice between investing in a safe activity or experimenting with a new risky one, and how much to invest in the "entrepreneurial capital" that would permit more effective use of the arriving information on the latter- how much to learn how to learn. Optimal...