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. It therefore seems reasonable to expect workers to try to anticipate and respond to the risk of displacement. Using 1983 … author investigates whether industry-specific measures of job loss risk are correlated with workers' propensity to cross … industry lines for new jobs. She finds that a one standard deviation increase in the risk of job loss (an 86% increase from the …
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In addition to realized earnings and employment shocks, forward-looking individuals are presumed to condition their consumption and labor supply decisions on their subjective beliefs about future labor market risks. This paper analyzes these perceptions of earnings and employment risks using...
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larger earnings fluctuations than employees and that they frequently transition into unemployment. Given the self …-employed are not eligible to unemployment insurance, I analyze the provision of benefits targeted at these risks using a calibrated …. This exercise suggests that extending the current US unemployment insurance scheme to the self-employed comes with a clear …
Persistent link: https://www.econbiz.de/10014486975
A well established believe in the pension industry is that collective pension funds should take more stock market risk … (compared to individual retirement accounts) since risk may be shared with future generations. We extend the OLG model of … Gollier (2008) by adding labor income risk in the spirit of Benzoni, Collin-Dufresne, and Goldstein (2007) and show that this …
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