This paper describes the lottery- and insurance-market equilibrium in an economy with non-convex private- and public … separate insurance market to operate, one for private-sector work, and one for public- sector employment. In addition, given … that the labor choice for private- and public- sector hours is made in succession, the insurance market for public …

insurance to employers: when firms are hit by temporary shocks the effect on profits is cushioned by risk sharing with workers …

This paper describes the lottery- and insurance-market equilibrium in an economy with both private and public sector …, the framework requires that there should be separate insurance markets: a public- and private sector one, which would pool … the unemployment risk of the corresponding group of households. The unemployment insurance market segmentation is a new …

The purpose of this paper is to describe the lottery- and insurance-market equilibrium in an economy with non …). The presence of indivisible labor creates a market incompleteness, which requires that an insurance market for (un …

This paper describes the lottery- and insurance-market equilibrium in an economy with non-convex private- and public … separate insurance market to operate, one for private-sector work, and one for public-sector employment. In addition, given … that the labor choice for private- and public-sector hours is made in succession, the insurance market for public emloyment …