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Wage Risk and Employment Risk over the Life Cycle

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NBER2009-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14901
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We specify a structural life-cycle model of consumption, labour supply and job mobility in an economy with search frictions that allows us to distinguish between different sources of risk and to estimate their effects. The sources of risk are shocks to productivity, job destruction, the process of
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2009-04-01
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