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The Bright Side of Shiller-Swaps: a solution to inter-generational risk sharing
(2006)
This paper investigates the diversification demand of an agent, who is faced with the alternative to swap aggregate labour-income risk for equity-exposure, through her individual account in a mandatory-pension scheme. The ...
Wage Dispersion and Productive Efficiency: Evidence For Sweden
(2000)
The effects of wage dispersion on productive efficiency is a topic rich in theoretical conjecture, a common object of Scandinavian polemical debate and at the same time an issue almost barren of systematic econometric ...