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来源类型Working Paper
规范类型报告
DOI10.3386/w15282
来源IDWorking Paper 15282
Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations
Per Krusell; Toshihiko Mukoyama; Aysegul Sahin
发表日期2009-08-20
出版年2009
语种英语
摘要We analyze a Bewley-Huggett-Aiyagari incomplete-markets model with labor-market frictions. Consumers are subject to idiosyncratic employment shocks against which they cannot insure directly. The labor market has a Diamond-Mortensen-Pissarides structure: firms enter by posting vacancies and match with workers bilaterally, with match probabilities given by an aggregate matching function. Wages are determined through Nash bargaining. We also consider aggregate productivity shocks, and a complete set of contingent claims conditional on this risk.
主题Microeconomics ; Market Structure and Distribution ; General Equilibrium ; Macroeconomics ; Business Cycles ; Labor Economics ; Unemployment and Immigration
URLhttps://www.nber.org/papers/w15282
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/572956
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Per Krusell,Toshihiko Mukoyama,Aysegul Sahin. Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations. 2009.
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