Search in the Labor Market under Imperfectly Insurable Income Risk /
This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the importance of incomplete markets when risk-averse agents are subject to idiosyncratic employment shocks. A version of the model calibrated to the U.S. shows that market incompletene...
| Tác giả chính: | |
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| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2009.
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| Loạt: | IMF Working Papers; Working Paper ;
No. 2009/188 |
| Truy cập trực tuyến: | Full text available on IMF |