Artikel
Insurance-Markets Equilibrium with Double Indivisible Labor Supply
This note describes the lottery- and insurance-market equilibrium in an economy with both private and public sector employment and non-convex labor supply. In addition, when households are constrained to search for jobs only in a certain sector, the framework requires that there should be separate insurance markets: a public and a private sector one, which would pool the unemployment risk of the corresponding group of households. The unemployment insurance market segmentation is a new result in the literature and a direct consequence of the non-convexity of the labor supply in each sector and the sorting effect of the sector-type shock introduced in the model setup.
- Sprache
-
Englisch
- Erschienen in
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Journal: Czech Economic Review ; ISSN: 1805-9406 ; Volume: 9 ; Year: 2015 ; Issue: 2 ; Pages: 91-103 ; Prague: Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies
- Klassifikation
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Wirtschaft
Fiscal Policies and Behavior of Economic Agents: Household
Labor Force and Employment, Size, and Structure
- Thema
-
indivisible labor
public employment
insurance
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Vasilev, Aleksandar
- Ereignis
-
Veröffentlichung
- (wer)
-
Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies
- (wo)
-
Prague
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Vasilev, Aleksandar
- Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies
Entstanden
- 2015
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