Finally, we plan to use the analytical characterization of the model's reservation wage policies to outline a feasible method to identify and estimate structural models of joint search and location decisions.

uninsurable wage risk, insurable wage risk, and measurement error.

This paper investigates the sources of cross-sectional differences in consumption, labor supply, wealth and welfare over the lifecycle. I document the existence of rich and informative lifecycle patterns in the joint distribution of wages, hours, consumption and wealth. I then estimate a...