Consumption and Labor Supply with Partial Insurance: An Analytical Framework
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https://www.nber.org/papers/w15257
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This paper studies consumption and labor supply in a model where agents have partial insurance and face risk and initial heterogeneity in wages and preferences. Equilibrium allocations and variances and covariances of wages, hours and consumption are solved for analytically. We prove that all
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美国国家经济研究局创建时间：
2009-08-01
