Faia, Ester; Kudlyak, Marianna; Shabalina, Ekaterina - 2021
heterogeneous income risk, liquid and illiquid assets, price adjustment costs, and in which households differ by their occupation …-specific skills. Labor income is a combination of endogenous occupational wages and idiosyncratic shock. Occupational reallocation and … occupation-specific infection risk and a ZLB policy and study the impact of occupational and aggregate labor supply shocks. We …