Savings and labor-market transitions

被引：17

作者：

Blundell, R ^{[1
]}

Magnac, T ^{[1
]}

Meghir, C ^{[1
]}

机构：

[1] INST FISCAL STUDIES, LONDON WC1E 7AE, ENGLAND

来源：

JOURNAL OF BUSINESS & ECONOMIC STATISTICS | 1997年 / 15卷 / 02期

关键词：

discrete choice; intertemporal substitution; job offers; job search; layoff rates;

D O I：

10.2307/1392302

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

A model is developed that allows for a layoff rate and a job-arrival rate in the intertemporal choice of consumption and labor-market state. The identification of such a model is established without recourse to dynamic programming solutions, and the minimum data requirements for estimation are derived. Unobserved heterogeneity is included in the model specification, but state dependence is only allowed through the layoff and arrival rates. These are restricted to be functions of observable weakly exogenous variables.

引用

页码：153 / 164

页数：12

共 15 条

[1]

ALTUG S, 1991, 199125 CARN MELL U D

[2]

[Anonymous], 2010, Dynamic programming

[3] CONSUMER DEMAND AND THE LIFE-CYCLE ALLOCATION OF HOUSEHOLD EXPENDITURES [J].