This document's seven papers examine compensation and employment risk in the United States and Canada. "Introduction" (John A. Turner) discusses compensation risk bearing in labor markets. "Wage and Job Risk for Workers" (John A. Turner) explores the problems of macroeconomic instability, job turnover, job and earnings instability, and unemployment and considers why job insecurity has increased. "Risk in Employment Arrangements" (Sophie M. Korczyk) examines the economic risks inherent in nonstandard employment arrangements, policy issues, and available options. "Health and Coverage at Risk" (Robert B. Friedland, Laura Summer, Sophie M. Korczyk, and Douglas E. Hyatt) describes the U.S. and Canadian health systems and discusses risks associated with both. "Risk Sharing through Social Security Retirement Income Systems" (John A. Turner) addresses risk bearing in retirement income systems and compares risk sharing through social security. "Risk Bearing in Individual and Occupational Pension Plans" (James E. Pesando, John A. Turner) reviews individual and occupational pension plans in Canada, tax treatment of pensions in both countries, and the risk-bearing aspects of both countries' occupational pension systems. "Risk Shifting in Workers' Compensation" (Douglas E. Hyatt) describes workers' compensation and the current climate in workers' compensation. Seventeen tables/figures are included. All chapters contain substantial bibliographies. (MN)