We specify a structural life-cycle model of consumption, labour supply and job mobility in an economy with search … considerable welfare loss on individuals and induce substantial precautionary saving. Increases in employment risk have large …) insurance against employment risk and no insurance against persistent shocks. -- uncertainty ; life-cycle models ; unemployment …

We specify a structural life-cycle model of consumption, labour supply and job mobility in an economy with search … considerable welfare loss on individuals and induce substantial precautionary saving. Increases in employment risk have large …

We specify a structural life-cycle model of consumption, labour supply and job mobility in an economy with search … considerable welfare loss on individuals and induce substantial precautionary saving. Increases in employment risk have large …) insurance against employment risk and no insurance against persistent shocks. – uncertainty ; life-cycle models ; unemployment …

We specify a structural life-cycle model of consumption, labour supply and job mobility in an economy with search … considerable welfare loss on individuals and induce substantial precautionary saving. Increases in employment risk have large …

We specify a structural life-cycle model of consumption, labour supply and job mobility in an economy with search … considerable welfare loss on individuals and induce substantial precautionary saving. Increases in employment risk have large …) insurance against employment risk and no insurance against persistent shocks. -- Uncertainty ; life-cycle models ; unemployment …

human capital accumulation over the life-cycle. We analyze both the short run incentive effects and the longer run …

human capital accumulation over the life-cycle. We analyze both the short run incentive effects and the longer run …