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Portfolio Choices, Firm Shocks and Uninsurable Wage Risk

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NBER2016-12-01 更新2025-01-04 收录
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Assessing the importance of uninsurable wage risk for individual financial choices faces two challenges. First, the identification of the marginal effect requires a measure of at least one component of risk that cannot be diversified or avoided. Moreover, measures of uninsurable wage risk must vary

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2016-12-01
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