Labor market search, endogenous disasters and the equity premium puzzle
Journal of Economic Dynamics and Control, 2020, vol. 114, issue C
The present paper investigates: (i) the endogenous disaster mechanism in a textbook search-and-matching model when calibrated with a constant flow value of unemployment that is close to average labor productivity and (ii) its contribution to solve the equity premium puzzle.
Keywords: Economic disasters; Equity premium puzzle; Search-and-matching frictions; Unemployment (search for similar items in EconPapers)
JEL-codes: C63 E21 E24 E32 G12 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:dyncon:v:114:y:2020:i:c:s0165188920300671
Access Statistics for this article
Journal of Economic Dynamics and Control is currently edited by J. Bullard, C. Chiarella, H. Dawid, C. H. Hommes, P. Klein and C. Otrok
More articles in Journal of Economic Dynamics and Control from Elsevier
Bibliographic data for series maintained by Catherine Liu ().