Finding 2944Emerging EvidenceValidation V0
This paper pioneers linking time-varying idiosyncratic labor-market tail risks with equity premiums using a heterogeneous-agent asset pricing framework. It offers novel quantitative calibration to administrative earnings data and empirically ties evolving labor disasters to unemployment claims. By extending rare-disaster literature, its fresh perspective deepens predictive equity research with empirical relevance.
82%Confidence
1Evidence objects
v1Version
DraftStatus
Evidence trail
Supporting82% linkage confidence
This paper pioneers linking time-varying idiosyncratic labor-market tail risks with equity premiums using a heterogeneous-agent asset pricing framework. It offers novel quantitative calibration to administrative earnings data and empirically ties evolving labor disasters to unemployment claims. By extending rare-disaster literature, its fresh perspective deepens predictive equity research with empirical relevance.
key_findings bullet 4 · key_findings
Inspect source: Climbing and falling off the ladder: Asset pricing implications of labor market event risk →This Finding was extracted from the configured corpus. It is versioned, traceable, and may evolve through editorial review or new corpus evidence.