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International Portfolio Diversification and Labor/Leisure Choice

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NBER1998-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w6382
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资源简介:
When marginal utility of consumption depends on leisure, investors will take this into account when allocating their wealth among different assets. This paper presents a multi-country general equilibrium model driven by productivity shocks, where labor-leisure and consumption are chosen endogenously
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1998-01-01
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