Risk Sharing and Commuting Among US Federal States

Financial markets provide imperfect insurance of labor income risk. However, workers can partly insure against labor market risk by commuting to adjacent regions. Since commuters own wage claims to output produced in adjacent regions, the business cycle in the neighborhood becomes a relevant risk factor at the regional level...

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Year of publication:	2008-02-01
Authors:	Juessen, Falko
Institutions:	Forschungsinstitut zur Zukunft der Arbeit <Bonn>
Subject:	Arbeitsmarkt \| Labour Market \| Risikoverteilung

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Extent:	217088 bytes 20 p. application/pdf
Series:	Universität Bonn - Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA) - Discussion Papers in 2008 Discussion Paper ; 3374 (2008)
Type of publication:	Book / Working Paper
Language:	English
Classification:	C33 - Models with Panel Data ; E21 - Consumption; Saving ; R20 - Household Analysis. General ; Personnel administration. Other aspects ; Individual Working Papers, Preprints ; USA
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005860585