| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4270 |
| DP4270 When do 'Female' Occupations Pay More? | |
| Štěpán Jurajda; Heike Harmgart | |
| 发表日期 | 2004-02-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | We study a general equilibrium model in which entrepreneurs finance investment with optimal financial contracts. Because of enforceability problems, contracts are constrained efficient. We show that limited enforceability amplifies the impact of technological innovations on aggregate output. More generally, we show that lower enforceability of contracts will be associated with greater aggregate volatility. A key assumption for this result is that defaulting entrepreneurs are not excluded from the market. |
| 主题 | International Macroeconomics |
| 关键词 | G00 Contract enforceability Aggregate volatility Amplification |
| URL | https://cepr.org/publications/dp4270 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533234 |
| 推荐引用方式 GB/T 7714 | Štěpán Jurajda,Heike Harmgart. DP4270 When do 'Female' Occupations Pay More?. 2004. |
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