Inter-Sectorial Risk Pooling and Wage Distributions
AbstractThis paper develops a model where two agents in different sectors face uncorrelated income risks and mutually self-insure. We discuss how the rent arising from risk pooling modifies the wage distribution in the sector where the employer behaves as a monopsonist.
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Bibliographic InfoPaper provided by Université Laval - Département d'économique in its series Cahiers de recherche with number 9818.
Date of creation: 1998
Date of revision:
risk pooling; family transfers;
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