Consumption and Labor Supply with Partial Insurance: An Analytical Framework
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چکیده
منابع مشابه
Consumption and Labor Supply with Partial Insurance: An Analytical Framework
This paper studies consumption and labor supply in a model where agents have partial insurance and face risk and initial heterogeneity in wages and preferences. Equilibrium allocations and variances and covariances of wages, hours and consumption are solved for analytically. We prove that all parameters of the structural model are identified given panel data on wages and hours, and crosssection...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2014
ISSN: 0002-8282
DOI: 10.1257/aer.104.7.2075