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University of Toronto - Department of Economics
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Training, Human Capital Formation, Wage Level and Structure
consumption and saving, temptation, self-control, tax policy
Credit Supply, House Prices, Financial Crises, Household and Bank Balance Sheets, Leverage, Foreclosure
Boom-Bust Cycles, Financial Crisis, Credit Supply Shocks, Household and Bank Balance Sheets, Foreclosures, House Prices, Consumption, and Output
skills mismatch, match quality, Mincer regression, ASVAB, O*NET, occupational switching
quasi-geometric discounting, Markov equilibrium, taxation, time-consistent policy
This is a CEPR Discussion Paper. CEPR charges a fee of $8.00 for this paper.
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Quasi-Geometric Discounting, Time Inconsistency, Welfare
Automatic stabilizers, unemployment insurance, household and bank balance sheets, housing market, mortgage debt, foreclosures. J.E.L. Classification: E21, E32, E44, E60, G20, G51
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