Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/104295
Authors: 
Bauer, Christian
Year of Publication: 
2009
Series/Report no.: 
Munich Discussion Paper 2009-8
Abstract: 
A continuous-time sequential job search model with savings and CARA preferences is solved analytically without resorting to unlimited borrowing and real-valued consumption. 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.
Subjects: 
labor income risk
wealth-dependent reservation wage
borrowing limit
JEL: 
C61
E21
D91
J64
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.