The Dynamics of Work and Debt
收藏NBER2004-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10201
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资源简介：
This paper characterizes the labor supply and borrowing of a household facing collateral requirements that limit its debt and compel it to accumulate equity in its durable goods stock. The household's discount rate exceeds the market rate of interest, so it would otherwise finance increased current
提供机构：
美国国家经济研究局
创建时间：
2004-01-01
