opposite effects on labor markets, specifically on informality and unemployment duration. NCP offers a milder trade-off as it …

This paper investigates how of systematic risk varies over the lifecycle of the firm. If market equity beta is … determined by firm characteristics as the literature on the determinants of systematic risk holds, and if those characteristics … determinants of beta constant, the coefficient of systematic risk tends to fall in magnitude following a nonlinear pattern as firm …

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 …

involuntary or accidental. Moreover, parameter estimates using subjective mortality risk perform better in predicting out … influenced more strongly by individual-level beliefs about mortality risk than by group level mortality risk …