Poverty and vulnerability, portfolio theory and diversification, small-scale fisheries, Sub-Saharan Africa, Cameroon. - Armut und Vulnerabilität, Portfolio Theorie und Diversifizierung, Kleinfischerei, Afrika südlich der Sahara, Kamerun

We discuss how cross-country unemployment insurance can be used to improve international risk sharing. We use a two-country business cycle model with incomplete financial markets and frictional labor markets where the unemployment insurance scheme operates across both countries. Cross-country...

We discuss long-run growth in an economy which is subject to aggregate productivity shocks affecting all factors of production. We demonstrate that the presence of labor income risk unambiguously is an important determinant of long-run expected growth. The issue of dynamic inefficiency of the...