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Implications of Labor Market Frictions for Risk Aversion and Risk Premia

Implications of Labor Market Frictions for Risk Aversion and Risk Premia

https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_crossref_primary_10_1257_mac_20170446

Implications of Labor Market Frictions for Risk Aversion and Risk Premia

About this item

Full title

Implications of Labor Market Frictions for Risk Aversion and Risk Premia

Author / Creator

Publisher

American Economic Association

Journal title

American economic journal. Macroeconomics, 2020-04, Vol.12 (2), p.194-240

Language

English

Formats

Publication information

Publisher

American Economic Association

More information

Scope and Contents

Contents

A flexible labor margin allows households to absorb asset value shocks with changes in hours worked, altering the households’ attitudes toward risk (Swanson 2012). This paper analyzes how frictional labor markets affect that analysis. Risk aversion is higher (i ) in countries with more frictional labor markets, (ii ) in recessions, and (iii ) for h...

Alternative Titles

Full title

Implications of Labor Market Frictions for Risk Aversion and Risk Premia

Authors, Artists and Contributors

Author / Creator

Identifiers

Primary Identifiers

Record Identifier

TN_cdi_crossref_primary_10_1257_mac_20170446

Permalink

https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_crossref_primary_10_1257_mac_20170446

Other Identifiers

ISSN

1945-7707

E-ISSN

1945-7715

DOI

10.1257/mac.20170446

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