Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/130448
Authors: 
Bertola, Giuseppe
Year of Publication: 
2016
Series/Report no.: 
CESifo Working Paper 5820
Abstract: 
Labour incomes depend on structural as well as politico-economic factors, because labour market policies partially remedy the financial market imperfections that make labour income shocks difficult to insure, and have different implications for labour and capital income. This paper illustrates such theoretical insights with a simple model, and reviews evidence of their empirical relevance generated by international economic, monetary, and financial integration.
JEL: 
D33
Document Type: 
Working Paper

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