Narrow search
Showing 1 - 7 of 7
Cover Image
Inequality and the Lifecycle
Kaplan, Greg - Department of Economics, University of Pennsylvania - 2011
moments of the data over the lifecycle. The key challenge for the model is to generate declining inequality in annual hours … observed cross-sectional inequality in labor supply and consumption and may have quantitative relevance for analyses that …
Persistent link: https://www.econbiz.de/10009318186
Cover Image
An On-the-Job Search Model of Crime, Inequality, and Unemployment
Burdett, Kenneth; Lagos, Ricardo; Wright, Randall - Department of Economics, University of Pennsylvania - 2003
We extend simple search-theoretic models of crime, unemployment and inequality to incorporate on-the-job search. This …
Persistent link: https://www.econbiz.de/10005126719
Cover Image
Consumption Commitments and Preferences for Risk
Postlewaite, Andrew; Samuelson, Larry; Silverman, Dan - Department of Economics, University of Pennsylvania - 2001
We examine an economy in which the cost of consuming some goods can be reduced by making commitments to consumption levels independent of the state. For example, it is cheaper to produce housing services via owner-occupied than rented housing, but the transactions costs associated with the...
Persistent link: https://www.econbiz.de/10005126712
Cover Image
Consumption Commitments and Employment Contracts, Fourth Version
Postlewaite, Andrew; Samuelson, Larry; Silverman, Dan - Department of Economics, University of Pennsylvania - 2006
We examine an economy in which the cost of consuming some goods can be reduced by making commitments that reduce flexibility. We show that such consumption commitments can induce consumers with risk-neutral underlying utility functions to be risk averse over small variations in income, but...
Persistent link: https://www.econbiz.de/10005102092
Cover Image
Consumption Commitments and Employment Contracts
Postlewaite, Andrew; Samuelson, Larry; Silverman, Dan - Department of Economics, University of Pennsylvania - 2001
We examine an economy in which the cost of consuming some goods can be reduced by making commitments that reduce flexibility. We show that such consumption commitments can induce consumers with risk-neutral underlying utility functions to be risk averse over small variations in income, but...
Persistent link: https://www.econbiz.de/10005109598
Cover Image
Consumption Commitments and Employment Contracts
Postlewaite, Andrew; Samuelson, Larry; Silverman, Dan - Department of Economics, University of Pennsylvania - 2006
We examine an economy in which the cost of consuming some goods can be reduced by making commitments that reduce flexibility. We show that such consumption commitments can induce consumers with risk-neutral underlying utility functions to be risk averse over small variations in income, but...
Persistent link: https://www.econbiz.de/10005020645
Cover Image
Crime, Inequality, and Unemployment, Second Version
Burdett, Kenneth; Lagos, Ricardo; Wright, Randall - Department of Economics, University of Pennsylvania - 2002
There is much discussion of the relationships between crime, inequality, and unemployment. We construct a model where … interesting implications. For example, it can lead to wage inequality among homogeneous workers. Also, it can generate multiple …, inequality, and unemployment. We discuss the effects of anti-crime policies like changing jail sentences, as well as more …
Persistent link: https://www.econbiz.de/10005126677