The American Economic Review, Volume 97American Economic Association., 2007 |
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Job Displacement Risk and the Cost of Business Cycles By TOM KREBS * This paper analyzes the welfare costs of business cycles when workers face unin- surable job displacement risk . The paper uses a simple macroeconomic model with ...
Job Displacement Risk and the Cost of Business Cycles By TOM KREBS * This paper analyzes the welfare costs of business cycles when workers face unin- surable job displacement risk . The paper uses a simple macroeconomic model with ...
Página 666
... paper , but there are also important differences . First , this paper provides a general theoretical analysis of extreme events and shows that a second moment analysis can produce very mis- leading results . Second , the quantitative ...
... paper , but there are also important differences . First , this paper provides a general theoretical analysis of extreme events and shows that a second moment analysis can produce very mis- leading results . Second , the quantitative ...
Página 1105
... paper is not the first to investigate the effects of subjective uncertainty on asset pric- ing . There are several earlier examples having some Bayesian features or overtones . Broadly speaking , these papers explicitly or implicitly ...
... paper is not the first to investigate the effects of subjective uncertainty on asset pric- ing . There are several earlier examples having some Bayesian features or overtones . Broadly speaking , these papers explicitly or implicitly ...
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EDMUND S PHELPS | 541 |
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ALMA COHEN AND LIRAN EINAV | 745 |
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