Household Search and the Aggregate Labour Market

We develop a theoretical model with labour market frictions, incomplete financial markets, and with households which have two members. Households face unemployment risks, but their members adjust their labour supplies to insure against unemployment. We use the model to explain the cyclical propertie...

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Veröffentlicht in:	The Review of economic studies 2017-10, Vol.84 (4 (301)), p.1735-1788
Hauptverfasser:	MANKART, JOCHEN, OIKONOMOU, RIGAS
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic activity Employment Households Labor force Labor market Participation Property Securities markets Unemployment
Online-Zugang:	Volltext
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