Risk Sharing, Indivisible Labor and Aggregate Fluctuations

Arbeitspapier

This paper studies fluctuations in a real business cycle model when there is a risk neutral agent present to offer insurance to workers. This economy is compared with one in which there is no risk neutral agent but labor is indivisible. In static models it is difficult to distinguish the risk sharing and indivisible labor economies, but in dynamic models with capital accumulation the indivisible labor model appears to perform better.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Queen's Economics Department Working Paper ; No. 787

Klassifikation und Themen

• Klassifikation: Wirtschaft

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Cho, Jang-Ok ; Rogerson, Richard
• Ereignis: Veröffentlichung
• (wer): Queen's University, Department of Economics
• (wo): Kingston (Ontario)
• (wann): 1990

Weitere Informationen

• Handle: http://hdl.handle.net/10419/189112
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ