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Uncertainty, Redistribution, and the Labor Market / Casey B. Mulligan.
- Format:
- Book
- Author/Creator:
- Mulligan, Casey B.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w19553.
- NBER working paper series no. w19553
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2013.
- Summary:
- Uncertainty and its composition can affect the demand for social insurance, and thereby the labor market. This paper shows that small to medium-sized increases in uncertainty or risk aversion are enough to recommend an expansion of the safety net that would be broadly similar to the actual safety net expansions, which significantly depressed the labor market. Labor market effects of uncertainty through investment and insurance channels are also examined with employer and employee labor wedges.
- Notes:
- Print version record
- October 2013.
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