How Close to an Auction Is the Labor Market? Employee Risk Aversion, Income Uncertainty, and Optimal Labor Contracts
收藏NBER1980-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0603
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资源简介:
Section I of this paper develops a model of income insurance in the labor market. The model differs from those of previous analyses in its focus on quantitative implications regarding the degree to which wages diverge from marginal value products, both in time-series and in cross-section data.
提供机构:
美国国家经济研究局
创建时间:
1980-12-01



