given period, after having observed her income, the agent can walk away from the contract, while the intermediary cannot, i … intermediaries. Insurance can be provided because in an equilibrium contract an up-front payment effectively locks in the agent with … an intermediary. We then show that our contract economy is equivalent to a consumption-savings economy with one …

ensure identification. Applied to seasonal aggregate gender employment in Australia, a bivariate male/female model with a … model evidences distinct gender-based seasonal patterns with seasonality declining over time for females and increasing for …