Granda, Catalina; Hamann, Franz - Banco de la Republica de Colombia - 2015
considerable attention in the literature, one relatively unexplored aspect has to do with the saving patterns of workers and firms …. Specifically, we build an occupational choice model wherein saving is primarily motivated by precautionary considerations. The … model features labor and capital market segmentation, and is calibrated to replicate the saving rates, wealth inequality and …