Discount Factor Shocksand Labor MarketDynamics

In this paper we investigate the labor market dynamics in a matching model where fluctuations are driven by movements in the discount factor. A comparison with the standard productivity shock is provided. Movements in the discount factor can be used as a proxy for variations in financial risks, espe...

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Bibliographic details
Main Author: Albertini, Julien
Poirier, Arthur
Format: Publication
Language: English
Place of publication: Humboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät 01.07.2014
Data of publication: 2014-07-01
Dewey Decimal Classification: 330
Discipline: Economics
Online Access: available in Bonn?
Database: OpenAIRE (Open Access)
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