SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
Risk Aversion and the Labor Margin in Dynamic Equilibrium Models
16 references·16 citing·39 second hopsampled
Risk Aversion and the Labor Margin in Dynamic Equilibrium Models (2012)Risk Aversion and the Labor Margin in Dyn…A Unified Framework for Monetary Theory and Policy Analysis (2005)A Unified Framework for Monet…The Equity Premium (2002)The Equity PremiumBy Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior (1999)By Force of Habit: A Consumpt…The Financial Accelerator in a Quantitative Business Cycle Framework (1998)The Financial Accelerator in …Job Creation and Job Destruction in the Theory of Unemployment (1994)Job Creation and Job Destruct…Habit Formation: A Resolution of the Equity Premium Puzzle (1990)Habit Formation: A Resolution…Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)Substitution, Risk Aversion, …Recursive Methods in Economic Dynamics (1989)Recursive Methods in Economic…Production, growth and business cycles (1988)Production, growth and busine…Indivisible labor, lotteries and equilibrium (1988)Indivisible labor, lotteries …The equity premium: A puzzle (1985)The equity premium: A puzzleIndivisible labor and the business cycle (1985)Indivisible labor and the bus…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…An Intertemporal Capital Asset Pricing Model (1973)An Intertemporal Capital Asse…Aspects of the Theory of Risk-Bearing. (1966)Aspects of the Theory of Risk…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Does risk matter more in recessions than in expansions? Implications for monetary policy (2023)Does risk matter more in rece…UNCERTAINTY AND MONETARY POLICY DURING THE GREAT RECESSION (2021)UNCERTAINTY AND MONETARY POLI…How much Keynes and how much Schumpeter? (2021)How much Keynes and how much …Labor supply in the past, present, and future: A balanced-growth perspective (2020)Labor supply in the past, pre…Solution methods for models with rare disasters (2018)Solution methods for models w…Risk aversion, risk premia, and the labor margin with generalized recursive preferences (2017)Risk aversion, risk premia, a…Bayesian estimation of a dynamic stochastic general equilibrium model with asset prices (2016)Bayesian estimation of a dyna…The surprisingly low importance of income uncertainty for precaution (2015)The surprisingly low importan…The Term Structure of the Welfare Cost of Uncertainty (2014)The Term Structure of the Wel…Housing and liquidity (2014)Housing and liquidityStock prices and monetary policy shocks: A general equilibrium approach (2013)Stock prices and monetary pol…Long run productivity risk and aggregate investment (2013)Long run productivity risk an…Estimating Intertemporal Elasticity of Substitution in a Sticky Price Model (2013)Estimating Intertemporal Elas…Bayesian Estimation of a DSGE Model with Asset Prices (2013)Bayesian Estimation of a DSGE…Robust animal spirits (2012)Robust animal spiritsThe Case for a Financial Approach to Money Demand (2010)The Case for a Financial Appr…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Science of Monetary Policy: A New Keynesian Perspective (1999)An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area (2003)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)A Contribution to the Theory of Economic Growth (1956)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)On the mechanics of economic development (1988)Long-Run Policy Analysis and Long-Run Growth (1991)The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment (2018)Asset Prices in an Exchange Economy (1978)Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)The Dual Theory of Choice under Risk (1987)Dynamic Asset Pricing Theory. (1993)Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles (2000)Investor Psychology and Asset Pricing (2001)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (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)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Time to Build and Aggregate Fluctuations (1982)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)ARCH modeling in finance (1992)The Cyclical Behavior of Equilibrium Unemployment and Vacancies (2005)Reassessing the Ins and Outs of Unemployment (2007)Workplace Heterogeneity and the Rise of West German Wage Inequality* (2013)Occupational Choice and the Process of Development (1993)The Theory of Incentives: The Principal-Agent Model (2001)Financial Intermediation and Delegated Monitoring (1984)Prospect theory: An analysis of decision under risk (1988)Well-being : the foundations of hedonic psychology (1999)Investor Psychology and Security Market Under‐ and Overreactions (1998)Relative Income, Happiness, and Utility: An Explanation for the Easterlin Paradox and Other Puzzles (2008)On the measurement of inequality (1970)The arbitrage theory of capital asset pricing (1976)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1973An Intertemporal Capital Asset Pricing Model6,557 cited
  • 1985The equity premium: A puzzle5,785 cited
  • 1999By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior5,088 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1998The Financial Accelerator in a Quantitative Business Cycle Framework4,624 cited
  • 1989Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework4,270 cited
  • 1994Job Creation and Job Destruction in the Theory of Unemployment3,846 cited
  • 1989Recursive Methods in Economic Dynamics3,065 cited
  • 1988Production, growth and business cycles2,193 cited
  • 1990Habit Formation: A Resolution of the Equity Premium Puzzle2,129 cited
  • 1985Indivisible labor and the business cycle2,011 cited
  • 1966Aspects of the Theory of Risk-Bearing.1,888 cited
  • 2005A Unified Framework for Monetary Theory and Policy Analysis1,525 cited
  • 2002The Equity Premium1,331 cited
  • 1988Indivisible labor, lotteries and equilibrium

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

1,231 cited

Cited by

  • 2020Labor supply in the past, present, and future: A balanced-growth perspective110 cited
  • 2014Housing and liquidity96 cited
  • 2010The Case for a Financial Approach to Money Demand84 cited
  • 2012Robust animal spirits74 cited
  • 2018Solution methods for models with rare disasters59 cited
  • 2017Risk aversion, risk premia, and the labor margin with generalized recursive preferences59 cited
  • 2015The surprisingly low importance of income uncertainty for precaution45 cited
  • 2021UNCERTAINTY AND MONETARY POLICY DURING THE GREAT RECESSION28 cited
  • 2013Stock prices and monetary policy shocks: A general equilibrium approach27 cited
  • 2013Long run productivity risk and aggregate investment24 cited
  • 2014The Term Structure of the Welfare Cost of Uncertainty24 cited
  • 2023Does risk matter more in recessions than in expansions? Implications for monetary policy20 cited
  • 2013Estimating Intertemporal Elasticity of Substitution in a Sticky Price Model18 cited
  • 2016Bayesian estimation of a dynamic stochastic general equilibrium model with asset prices12 cited
  • 2021How much Keynes and how much Schumpeter?12 cited
  • 2013Bayesian Estimation of a DSGE Model with Asset Prices12 cited