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We develop a tractable macroeconomic model with employment risk and labor market search in order evaluate the effects of labor market reform on unemployment, growth, and welfare. The model has a large number of risk-averse households who can invest in risk-free physical capital and risky human...
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application -- Chatper 9. China’s new population policy and its effects on macro economy – population projection module and its … application -- Chapter 10. China’s economic transition and its effect on energy demand and greenhouse emissions – energy and … (CGE) model of China and its applications. Specifically, this book documents the theory and database behind the CHINAGEM …
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