TY  - RPRT
        AU  - Isaak, Niklas
AU  - Jessen, Robin
        TI  - Moderation in Higher-Order Earnings Risk? Evidence from German Cohorts
        PY  - 2024/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 17568
        UR  - https://www.iza.org/index.php/publications/dp17568
        AB  - Women born later experience greater earnings growth volatility at given ages than older cohorts. This implies a welfare loss due to increased earnings risk. However, German registry data for the years 2001-2016 reveal a moderation in higher-order earnings risk: Men and women born later face higher skewness in earnings changes, indicating fewer large decreases than increases, and lower kurtosis at younger ages, implying fewer large earnings changes. These trends point at a welfare increase and persist for 5-year earnings changes, which are more reflective of persistent changes. During the Great Recession, males' skewness dropped sharply; younger women were unaffected.
        KW  - wage risk
KW  - income dynamics
KW  - life cycle
KW  - business cycle
        ER  -