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.
- Language
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Englisch
- Bibliographic citation
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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
- Classification
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Wirtschaft
Fiscal Policies and Behavior of Economic Agents: Household
Labor Force and Employment, Size, and Structure
- Subject
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indivisible labor
public employment
insurance
- Event
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Geistige Schöpfung
- (who)
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Vasilev, Aleksandar
- Event
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Veröffentlichung
- (who)
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Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies
- (where)
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Prague
- (when)
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2015
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Vasilev, Aleksandar
- Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies
Time of origin
- 2015
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