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Marriage, divorce and interstate risk sharing
Halla, Martin (contributor); Scharler, Johann (contributor) - 2008
In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married … just improve the allocation of risk at the individual level, but also have implications for the allocation of risk at the … more aggregated state-level. Quantitatively, the impact of marriage on interstate risk sharing varies over divorce regimes …
Persistent link: https://www.econbiz.de/10003760281
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Transmission of US and EU economic policy uncertainty shock to Asian economies in bad and good times
Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2020
This study empirically examines the fragility of five major Asian economies (China, Hong Kong, India, Japan, and South Korea) to economic policy uncertainty (EPU) of US and EU, and oil prices in different state of the economies. To investigate these dynamics, we use the relative tail dependence...
Persistent link: https://www.econbiz.de/10012226632
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Firm dynamics with frictional product and labor markets
Kaas, Leo; Kimasa, Bihemo - 2018
shocks to the first and second moments of idiosyncratic risk on macroeconomic outcomes. An increase in demand uncertainty …
Persistent link: https://www.econbiz.de/10011896893
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The provision of wage insurance by the firm : evidence from a longitudinal matched employer-employee dataset
Cardoso, Ana Rute (contributor); Portela, Miguel (contributor) - 2005
uncertainty ; wage shocks ; risk sharing ; wage insurance …
Persistent link: https://www.econbiz.de/10003212064
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Heterogeneous life-cycle profiles, income risk and consumption inequality
Primiceri, Giorgio E. (contributor);  … - 2007
heterogeneous income profiles. -- Consumption ; inequality ; risk ; incomplete markets ; heterogeneity …
Persistent link: https://www.econbiz.de/10003656884
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Financial markets, banks' cost of funding, and firms' decisions : lessons from two crises
Balduzzi, Pierluigi; Brancati, Emanuele; Schiantarelli, … - 2013
exploit two shocks to Italian bank CDS spreads and equity valuations: the 2007-2009 financial crisis and the 2010 …
Persistent link: https://www.econbiz.de/10010229932
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The cyclical volatility of labor markets under frictional financial markets
Petrosky-Nadeau, Nicolas; Wasmer, Etienne - 2010
Financial frictions are known to raise the volatility of economies to shocks (e.g. Bernanke and Gertler 1989). We follow this line of research to the labor literature concerned by the volatility of labor market outcomes to productivity shocks initiated by Shimer (2005): in an economy with search...
Persistent link: https://www.econbiz.de/10008810695
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Wage risk and the value of job mobility in early employment careers
Liu, Kai - 2015
substantial. The second result is that true wage risk is almost three times as large as the wage variance observed after job … mobility, which is what other papers in the literature have called wage risk. This suggests a very different picture of the …
Persistent link: https://www.econbiz.de/10011308407
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R&D plans, expectations, and uncertainty: evidence from the COVID-19 shock in Italy
Brancati, Emanuele - 2021
exogenous shock. We make use of unique panel data on 7,800 Italian companies between January 2020 - right before the pandemic …-house research activities. On the other, the COVID-19 shock especially jeopardized R&D plans of firms that recently started new …
Persistent link: https://www.econbiz.de/10012705555
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Uncertainty shocks and unemployment dynamics
Kandoussi, Malak; Langot, François - 2020
Recent events suggest that uncertainty changes play a major role in U.S. labor market fluctuations. This study analyzes the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that uncertainty shocks measured by stock market volatility have a...
Persistent link: https://www.econbiz.de/10012243477