Incentives and Aggregate Shocks

DOI10.2307/2297914MaRDI QIDQ4319458zbMATH OpenOpenAlexFDO

Authors Christopher Phelan

Publication date 27 June 1995

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2297914

zbMATH Keywords

distribution of consumptionincentive-based theorypresence of aggregate shocks

Mathematics Subject Classification ID

Social choice (91B14) Consumer behavior, demand theory (91B42)

Recommendations

• Incentives, insurance, and the variability of consumption and leisure
• A simple model of incomplete insurance The case of permanent shocks
• Individual Income, Incomplete Information, and Aggregate Consumption
• Testable implications of consumption-based asset pricing models with incomplete markets.
• Risk sharing in private information models with asset accumulation: explaining the excess smoothness of consumption

Cited in

(11)

• On the long run implications of repeated moral hazard
• Incentives, CEO compensation, and shareholder wealth in a dynamic agency model
• A recursive formulation for repeated agency with history dependence
• Business cycle fluctuations in Mirrlees economies: the case of i.i.d. shocks
• Dynamic risk-sharing with two-sided moral hazard
• The threshold of aggregate demand dynamics
• The Welfare Effects of Incentive Schemes
• Individual Income, Incomplete Information, and Aggregate Consumption
• Sectoral Effects of Aggregate Shocks
• Incentives, insurance, and the variability of consumption and leisure
• Insurance and inequality with persistent private information

This page was built for publication: Incentives and Aggregate Shocks

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q4319458)