On the reservation wage under CARA and limited borrowing

Christian Bauer ()

Mathematical Social Sciences, 2011, vol. 62, issue 2, 126-129

Abstract: An individual's optimal behavior in a continuous-time sequential job search model with savings and CARA preferences is characterized analytically. I isolate the effects of limited borrowing and nonnegative consumption as well as risk aversion on the reservation wage by using a system of ordinary differential equations.

Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165489611000631
Full text for ScienceDirect subscribers only

Related works:
Working Paper: The Reservation Wage under CARA and Limited Borrowing (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:62:y:2011:i:2:p:126-129

Access Statistics for this article

Mathematical Social Sciences is currently edited by J.-F. Laslier

More articles in Mathematical Social Sciences from Elsevier
Bibliographic data for series maintained by Catherine Liu ().