Low, Hamish; Meghir, Costas; Pistaferri, Luigi - Institute for Fiscal Studies (IFS) - 2008
<p>We specify a structural life-cycle model of consumption, labour supply and job mobility in an economy with search … Pistaferri.
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September 2008
Abstract
We specify a structural life-cycle model of consumption, labour supply and job mobility in …)
insurance against employment risk and no insurance against persistent shocks.
Keywords: uncertainty, life-cycle models …