NBER WORKING PAPER SERIES WHAT DO DATA ON MILLIONS OF U.S. WORKERS REVEAL ABOUT LIFE-CYCLE EARNINGS RISK?

and conference participants at various universities and research institutions. The views expressed herein are those of the authors and do not represent those of the Social Security Administration, the Federal Reserve Banks of Minneapolis and New York, or the Board of Governors of the Federal Reserve System. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications