Asset Pricing with Endogenously Uninsurable Tail Risk
收藏NBER2018-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24972
下载链接
链接失效反馈官方服务：
资源简介：
This paper studies asset pricing and labor market dynamics in a setting in which idiosyncratic risk in human capital is not fully insurable. Firms use long-term contracts to provide insurance to workers, but neither side can fully commit; furthermore, owing to costly and unobservable retention
提供机构：
美国国家经济研究局创建时间：
2018-09-01
