Haan, Peter; Prowse, Victoria L.; Uhlendorff, Arne - Institute for the Study of Labor (IZA) - 2008
et al. (1987), Bingley and Walker (1997) and Ham
2
(1982). However, while in a static model rationing a ects … supply e ects of introducing the Employment Bonus is
presented in Section 5. The nal section concludes.
2 Life-cycle labor … supply with involuntary unemploy-
ment
2.1 An overview of the model
This section describes a discrete dynamic life …