Internet Appendix for "High Discounts and Low Fundamental Surplus: An Equivalence Result for Unemployment Fluctuations"

16 Pages Posted: 15 Jun 2023

See all articles by Indrajit Mitra

Indrajit Mitra

Federal Reserve Banks - Federal Reserve Bank of Atlanta

Taeuk Seo

University of Michigan, Stephen M. Ross School of Business

Yu Xu

University of Delaware

Date Written: May 31, 2023

Abstract

This document provides additional results for Mitra, Seo, and Xu (2023). Section A compares wages in the economies with and without risk premia. Section B extends the equivalence result to a setting with heterogeneous worker productivity.

Keywords: Equivalence result, fundamental surplus, unemployment fluctuations, time-varying risk premia, heterogeneity, misspecification.

JEL Classification: E24, E32, E44, G10, J23, J63

Suggested Citation

Mitra, Indrajit and Seo, Taeuk and Xu, Yu, Internet Appendix for "High Discounts and Low Fundamental Surplus: An Equivalence Result for Unemployment Fluctuations" (May 31, 2023). Available at SSRN: https://ssrn.com/abstract=4465518 or http://dx.doi.org/10.2139/ssrn.4465518

Indrajit Mitra

Federal Reserve Banks - Federal Reserve Bank of Atlanta ( email )

1000 Peachtree Street N.E.
Atlanta, GA 30309-4470
United States

Taeuk Seo

University of Michigan, Stephen M. Ross School of Business ( email )

701 Tappan Street
Ann Arbor, MI MI 48109
United States

Yu Xu (Contact Author)

University of Delaware ( email )

Alfred Lerner College of Business and Economics
Newark, DE 19716
United States

HOME PAGE: http://https://www.yuxufinance.net/

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