Download This PaperInternet Appendix for "High Discounts and Low Fundamental Surplus: An Equivalence Result for Unemployment Fluctuations"
16 Pages Posted: 15 Jun 2023
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: 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
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