The Invariant Distribution of Wealth and Employment Status in a Small Open Economy with Precautionary Savings
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- Bayer, Christian & Rendall, Alan D. & Wälde, Klaus, 2019. "The invariant distribution of wealth and employment status in a small open economy with precautionary savings," Journal of Mathematical Economics, Elsevier, vol. 85(C), pages 17-37.
- Christian Bayer & Alan Rendall & Klaus Wälde, 2018. "The Invariant Distribution of Wealth and Employment Status in a Small Open Economy with Precautionary Savings," Working Papers 1822, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.
References listed on IDEAS
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More about this item
Keywords
uncertainty in continuous time; counting process; existence; uniqueness; stability;JEL classification:
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
NEP fields
This paper has been announced in the following NEP Reports:- NEP-LMA-2019-01-07 (Labor Markets - Supply, Demand, & Wages)
- NEP-LTV-2019-01-07 (Unemployment, Inequality & Poverty)
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