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I present a model of optimal contracts between firms and workers, under limited commitment and with worker savings. A … contract model and the heterogeneous households model are equivalent. …
Persistent link: https://www.econbiz.de/10011108590
This paper analyses a model of private unemployment insurance under limited commitment and a model of public unemployment insurance subject to moral hazard in an economy with a continuum of agents and an infinite time horizon. The dynamic and steady-state properties of the private unemployment...
Persistent link: https://www.econbiz.de/10005416718
This paper analyses a model of private unemployment insurance under limited commitment and a model of public unemployment insurance subject to moral hazard in an economy with a continuum of agents and an infinite time horizon. The dynamic and steady-state properties of the private unemployment...
Persistent link: https://www.econbiz.de/10005556941
This paper analyses a model of private unemployment insurance under limited commitment and a model of public unemployment insurance subject to moral hazard in an economy with a continuum of agents and an infinite time horizon. The dynamic and steady-state properties of the optimum private...
Persistent link: https://www.econbiz.de/10005147113
status. Marriage, divorce, job acceptance and savings decisions are endogenous. Other labor market outcomes are modelled as …
Persistent link: https://www.econbiz.de/10005069240
lock-in effect prevents relocation in both periods. Paradoxically, the distortion in the first-period contract can be so …
Persistent link: https://www.econbiz.de/10011189118
lock-in effect prevents relocation in both periods. Paradoxically, the distortion in the firstperiod contract can be so …
Persistent link: https://www.econbiz.de/10010929704
Persistent link: https://www.econbiz.de/10004144714
Persistent link: https://www.econbiz.de/10004092595
Persistent link: https://www.econbiz.de/10000406206