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Persistent link: https://www.econbiz.de/10009559508
Section I of this paper develops a model of income insurance in the labor market. The model differs from those of previous analyses in its focus on quantitative implications regarding the degree to which wages diverge from marginal value products, both in time-series and in cross-section data....
Persistent link: https://www.econbiz.de/10012478522
Persistent link: https://www.econbiz.de/10003503352
Persistent link: https://www.econbiz.de/10001260614
Section I of this paper develops a model of income insurance in the labor market. The model differs from those of previous analyses in its focus on quantitative implications regarding the degree to which wages diverge from marginal value products, both in time-series and in cross-section data....
Persistent link: https://www.econbiz.de/10013245546