Idiosyncratic Risk and Aggregate Employment Dynamics
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https://www.nber.org/papers/w7936
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This paper studies how producers' idiosyncratic risks affect an industry's aggregate dynamics in an environment where certainty equivalence fails. In the model, producers can place workers in two types of jobs, organized and temporary. Workers are less productive in temporary jobs, but creating an
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美国国家经济研究局创建时间：
2000-10-01
