Krueger, Dirk (contributor); Kubler, Felix (contributor) - 2005
Incomplete!?*
Dirk Krueger
1
and Felix Kubler
2
April 2005
Abstract:
This paper studies an overlapping generations … by overlapping generations that face stochas-
tic, imperfectly correlated wages and returns to capital. Households have a …
The economy is populated by nine overlapping generations. This choice con-
stitutes a compromise between realism and …