Global ETD Search
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Showing 1 to 2 of 2 for “"Labor income risk"”.
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Four essays in financial economics
… but related works. The first is on optimal risk sharing and CEO compensation. Using a principal agent model, I addressed theoretically the optimal tradeoff between the inefficient risk sharing and a high incentive, to conclude that the optimal CEO pay performance level should be negatively …
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Stochastic Control, Optimal Saving, and Job Search in Continuous Time
… in presence of different kinds of economic risk. The present dissertation focuses therefore on the impact of the uncertainty in capital and labor income on the individual saving behavior. The underlying uncertain variables are here modeled as stochastic processes that each obey a specific …