Vasilev, Aleksandar (2016) Insurance-Markets Equilibrium with Double Indivisible Labor Supply. Czech Economic Review, 9 (2). pp. 91-103. ISSN 1802-4696
Full content URL: http://cer.cuni.cz/mag/article/show/id/167
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Item Type: | Article |
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Item Status: | Live Archive |
Abstract
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.
Keywords: | indivisible labor, public employment, insurance |
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Subjects: | L Social studies > L130 Macroeconomics |
Divisions: | Lincoln International Business School |
ID Code: | 34012 |
Deposited On: | 16 Nov 2018 16:16 |
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