Savings and Labor-Market Transitions
构建了一个包含解雇率和就业到达率的跨期消费与劳动力状态选择模型，无需动态规划即可识别，并推导出估计所需的最小数据量。模型包含未观测异质性，但状态依赖仅通过解雇率和到达率实现，这些率被限制为可观测弱外生变量的函数。
A model is developed that allows for a layoff rate and a job-arrival rate in the intertemporal choice of consumption and labor-market state. The identification of such a model is established without recourse to dynamic programming solutions, and the minimum data requirements for estimation are derived. Unobserved heterogeneity is included in the model specification, but state dependence is only allowed through the layoff and arrival rates. These are restricted to be functions of observable weakly exogenous variables.