“...The size of the public sector in terms of employment and compensation has a strong life-cycle dimension. We establish a quantitative partial-equilibrium...”

“...We study workers’ idiosyncratic earnings risk over the life-cycle using a German administrative data set. Positive and negative earnings shocks both contain a...”

“...We study the relationship between employment growth and worker flows in excess of job flows (churn) at the establishment level using the new German AWFP...”

“...We empirically establish that one-third of job transitions leads to wage losses. Using a quantitative on-the-job search model, we find that 60 percent of them...”

“...We estimate explicit age-varying distributions of idiosyncratic persistent and transitory earnings shocks over workers' life-cycles using a German...”

“...•Worker churn is procyclical in the German labor market.•At the plant level worker churn increases in absolute value of employment growth.•Worker churn results...”

“...The size of the public sector in terms of employment and compensation has a strong life-cycle dimension. We establish a quantitative partial-equilibrium...”

“...This paper quantitatively determines the asset limit in income support programs which minimizes consumption volatility in a lifecycle model with incomplete...”