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A Pure Theory of Job Security and Labour Income Risk
16 references·11 citing·43 second hop
A Pure Theory of Job Security and Labour Income Risk (2003)A Pure Theory of Job Security and Labour …The Economics and Econometrics of Active Labor Market Programs (1999)The Economics and Econometric…New Developments in Models of Search in the Labor Market (1999)New Developments in Models of…Efficient Unemployment Insurance (1999)Efficient Unemployment Insura…Efficient Unemployment Insurance (1998)Efficient Unemployment Insura…Institutions and labor reallocation (1997)Institutions and labor reallo…Consumption, inequality and income uncertainty (1997)Consumption, inequality and i…Relative Wage Movements and the Distribution of Consumption (1996)Relative Wage Movements and t…Job Turnover and Policy Evaluation: A General Equilibrium Analysis (1993)Job Turnover and Policy Evalu…Rising Inequality? Changes in the Distribution of Income and Consumption in the 1980s (1992)Rising Inequality? Changes in…Job Security Provisions and Employment (1990)Job Security Provisions and E…Firing Costs and Labour Demand: How Bad is Eurosclerosis? (1990)Firing Costs and Labour Deman…Handbook of labor economics (1988)Handbook of labor economicsLocal Labor Markets (1986)Local Labor MarketsRisk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Equilibrium search and unemployment (1974)Equilibrium search and unempl…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…How do firms adjust when trade stops? 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(1962)Estimation of Dynamic Labor Demand Schedules under Rational Expectations (1978)Entry and Exit Decisions under Uncertainty (1989)Hysteresis, Import Penetration, and Exchange Rate Pass-Through (1989)Rational Expectations and the Theory of Price Movements (1961)The Economics of Information (1961)Expectations and the neutrality of money (1972)Firm-specific Capital and Turnover (1979)Chapter 15 Job search and labor market analysis (1986)A Neoclassical Model of Unemployment and the Business Cycle (1988)Recursive Methods in Economic Dynamics (1989)Equilibrium Unemployment Theory (1991)Job Creation and Job Destruction in the Theory of Unemployment (1994)Workplace Training in Europe (2005)Gender Differences in Mate Selection: Evidence From a Speed Dating Experiment (2006)The Mechanisms of Spatial Mismatch (2007)Is the New Immigration Really so Bad? (2005)The Effect of Expected Income on Individual Migration Decisions (2011)The Transitional Costs of Sectoral Reallocation: Evidence From the Clean Air Act and the Workforce* (2013)Financial Intermediation and Delegated Monitoring (1984)Prospect theory: An analysis of decision under risk (1988)Well-being : the foundations of hedonic psychology (1999)Economic Theory and International Migration (1989)Urban Growth and Transportation (2012)Distributional National Accounts: Methods and Estimates for the United States* (2017)On the measurement of inequality (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The arbitrage theory of capital asset pricing (1976)
this work references cited by second hop

References

  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1999The Economics and Econometrics of Active Labor Market Programs3,065 cited
  • 1988Handbook of labor economics1,776 cited
  • 1990Firing Costs and Labour Demand: How Bad is Eurosclerosis?1,374 cited
  • 1990Job Security Provisions and Employment1,311 cited
  • 1993Job Turnover and Policy Evaluation: A General Equilibrium Analysis1,272 cited
  • 1999New Developments in Models of Search in the Labor Market722 cited
  • 1974Equilibrium search and unemployment688 cited
  • 1986Local Labor Markets550 cited
  • 1999Efficient Unemployment Insurance475 cited
  • 1996Relative Wage Movements and the Distribution of Consumption449 cited
  • 1998Efficient Unemployment Insurance427 cited
  • 1997Consumption, inequality and income uncertainty390 cited
  • 1992Rising Inequality? Changes in the Distribution of Income and Consumption in the 1980s386 cited
  • 1997Institutions and labor reallocation342 cited

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Cited by

  • 2014Employment Protection Legislation, Capital Investment and Access to Credit: Evidence from Italy104 cited
  • 2004Employment Regulations through the Eyes of Employers: Do they Matter and How Do Firms Respond to Them?90 cited
  • 2002Product and Labour Market Interactions in OECD Countries84 cited
  • 2007Can Wrongful Discharge Law Enhance Employment?82 cited
  • 2010Wrongful Discharge Laws and Innovation71 cited
  • 2016The response of household wealth to the risk of job loss: Evidence from differences in severance payments42 cited
  • 2007Consumption Smoothing and Income Redistribution26 cited
  • 2004Consumption Smoothing and the Structure of Labor and Credit Markets25 cited
  • 2010Culturally based beliefs and labor market institutions24 cited
  • 2023How do firms adjust when trade stops?21 cited
  • 2012The Labor Market, the Decision to Become an Entrepreneur, and the Firm Size Distribution10 cited