Implications of Labor Market Frictions for Risk Aversion and Risk Premia
Implications of Labor Market Frictions for Risk Aversion and Risk Premia
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Author / Creator
Publisher
American Economic Association
Journal title
Language
English
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Publisher
American Economic Association
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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...
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Full title
Implications of Labor Market Frictions for Risk Aversion and Risk Premia
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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
