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- Asset Pricing Implications of Labor Market Event Risk🔍
- Climbing and Falling Off the Ladder🔍
- Lawrence D. W. Schmidt🔍
- Asset Pricing — John H. Cochrane🔍
- Lawrence D. W. Schmidt🔍
- Income Risk over the Life Cycle and the Business Cycle🔍
- Idiosyncratic Income Risk🔍
Asset Pricing Implications of Labor Market Event Risk by Lawrence ...
Asset Pricing Implications of Labor Market Event Risk by Lawrence ...
Administrative earnings data reveal that households are exposed to large, countercyclical idiosyncratic tail risks in labor earnings.
Asset Pricing Implications of Labor Market Event Risk | CFI - MIT Sloan
Administrative earnings data reveal that households are exposed to large, countercyclical idiosyncratic tail risks in labor earnings. I illustrate how these ...
In incomplete markets, agents require a premium to invest in assets which underperform when labor market event risk is high, a feature absent from leading asset ...
Climbing and Falling Off the Ladder: Asset Pricing Implications of ...
Implications of Labor Market Event Risk. Lawrence ... Two papers also study asset pricing ... surability of labor market shocks causes discount rates on risky ...
Climbing and Falling Off the Ladder: Asset Pricing Implications of ...
Empirically, stock returns are highly informative about labor market event risk, and, consistent with the model's predictions, initial claims for unemployment, ...
Asset Pricing Implications of Labor Market Event Risk
Lawrence D. W. Schmidt; Published 3 March · Published 3 March 2016; Economics · Published 3 March 2016; Economics · ERN: Consumption; Saving (Consumption) ( ...
Asset Pricing Implications of Labor Market Event Risk - YouTube
Lawrence Schmidt proposes state-dependent, idiosyncratic tail risk as a key driver of asset prices, which he argues explain the shape of the ...
Lawrence D. W. Schmidt - Google Scholar
Climbing and falling off the ladder: Asset pricing implications of labor market event risk. L Schmidt. Available at SSRN 2471342, 2022. 127, 2022 ; Technology ...
Asset Pricing — John H. Cochrane
Schmidt, Lawrence, 2015, "Climbing and Falling Off the Ladder: Asset Pricing Implications of Labor Market Event Risk", Manuscript. A recent paper I ...
Research - Lawrence D.W. Schmidt
We show that time variation in risk premia leads to time-varying idiosyncratic income risk for workers. Using US administrative data on worker ...
Lawrence D. W. Schmidt | Semantic Scholar
Climbing and Falling Off the Ladder: Asset Pricing Implications of Labor Market Event Risk · Lawrence D. W. Schmidt. Economics. 3 March 2016. This paper ...
Lawrence D. W. Schmidt | MIT Sloan
"Climbing and Falling Off the Ladder: Asset Pricing Implications of Labor Market Event Risk." Schmidt, Lawrence D.W., MIT Sloan Working Paper 5500-16. Cambridge ...
Income Risk over the Life Cycle and the Business Cycle
Schmidt, "Climbing and Falling Off the Ladder: Asset Pricing Implications of Labor Market Event Risk," Working Paper, University of Chicago, 2016. 11. M ...
Idiosyncratic Income Risk, Precautionary Saving, and Asset Prices
Schmidt, Lawrence D. W., 2016, Climbing and falling off the ladder: Asset pricing implications of labor market event risk, Working paper, University of Chicago.
Climbing and Falling Off the Ladder: Asset Pricing Implications of Labor Market Event Risk. Presented by: Lawrence Schmidt, University of California, San Diego.
Implications of Labor Market Frictions for Risk Aversion and Risk ...
Econometrica 59 (5): 1365–82. Schmidt, Lawrence. 2014. “Climbing and Falling off the Ladder: Asset Pricing Implications of Labor. Market Event Risk.” https ...
Essays in Financial Economics - eScholarship
Author(s): Schmidt, Lawrence David Warren | Abstract: This ... Asset Pricing Implications of Labor Market Event Risk · Metrics · Author & Article Info ...
Lawrence D. W. Schmidt is a professor of ... Climbing and falling off the ladder: Asset pricing implications of labor market event risk.
Evaluating the Effects of Incomplete Markets on Risk Sharing and ...
We examine an economy in which agents cannot write contracts contingent on future labor income. The agents face aggregate uncertainty in the form of ...
Time-Varying Risk Premia, Labor Market Dynamics, and Income Risk
To accommodate this negative correlation in a model with realistic asset pricing implications, we also allow risk premium shocks to be priced (i.e., δ ̸= 0).