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characterize the worker`s optimal savings and jobsearch behavior as well as the resulting consumption paths and wealth formation …
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characterize the worker s optimal savings and job-search behavior as well as the resulting consumption paths and wealth formation … spells. Second, consumption increases with wealth both when the worker is employed and unemployed. Third, savings provide … insurane against income fluctuations but this insurance is not perfect; precautionary savings are built up during employment …
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characterize the worker's optimal savings and job-search behavior as well as the resulting consumption paths and wealth formation … spells. Second, consumption increases with wealth both when the worker is employed and unemployed. Third, savings provide … insurance against income fluctuations but this insurance is not perfect; precautionary savings are built up during employment …
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