This paper subsumes the earlier paper titled “Technological Innovation and Labor Income Risk”, by Kogan, Papanikolaou, Schmidt, and Song (2021), which was performed pursuant to a grant from the U.S. Social Security Administration (SSA) funded as part of the Retirement and Disability Research Consortium. The authors also gratefully acknowledge financial support from the Becker-Friedman Institute for Research in Economics and the MIT Sloan School of Management. We thank Nicholas Bloom, Carter Braxton, Stephane Bonhomme, Maarten De Ridder, Gregor Jarosch, Chad Jones, Pete Klenow, Thibaut Lamadon, Danial Lashkari, Huiyu Li, Ilse Lindenlaub, Elena Manresa, Derek Neal, Serdar Ozkan, Luigi Pistaferri, Jae Song, Christopher Tonetti, Toni Whited, and participants in various seminars and conferences helpful comments and discussions. Further, we thank Fatih Guvenen, Serdar Ozkan, and Jae Song for sharing their replication code. Brandon Dixon, Luxi Han, Alejandro Hoyos Suarez, Kyle Kost, Andrei Nagornyi, Bryan Seegmiller, and Jiaheng Yu provided outstanding research assistance. The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data used to produce this product (Data Management System (DMS) number: P-7503840, Disclosure Review Board (DRB) approval numbers: CBDRB-FY23-SEHSD003-046, CBDRB-FY23-SEHSD003-073, CBDRB-FY25-0100). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.