Wage Risk and Employment Risk over the Life Cycle
---- Acknowledgements -----
We are grateful to the editor, two anonymous referees, Joe Altonji, Gadi Barlevy, Marco Bassetto, Audra Bowlus, David Card, Thomas Crossley, James Heckman, Bruce Meyer, Dale Mortensen, Giuseppe Moscarini, Chris Pissarides, Victor Rios-Rull, Chris Taber, Robert Townsend, Gianluca Violante, Randy Wright, conference participants at the NBER Summer Institute, Society of Economic Dynamics, Stanford Institute for Theoretical Economics, the 2006 Cowles Macro-Labor Conference, the “Macroeconomics of Imperfect Risk Sharing” conference in Santa Barbara, as well as participants in numerous seminars and workshops. Pistaferri acknowledges funding from NSF through grant 0453119. Costas Meghir thanks the ESRC for funding under the Professorial Fellowship RES-051-27-0204. We thank the ESRC Centre for Microeconomic Analysis of Public Policy at the Institute for Fiscal Studies. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.