Time-Varying Risk Premia and Heterogeneous Labor Market Dynamics
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https://www.nber.org/papers/w31968
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资源简介：
Using U.S. administrative data on worker earnings, we show that increases in risk premia lead to lower labor earnings, particularly for lower-paid workers. These declines are primarily driven by job separations. We build an equilibrium model of labor market search that quantitatively replicates the
提供机构：
美国国家经济研究局创建时间：
2023-12-01
